Word: mechanismic
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Unfortunately, the U.S. embassy in Cairo let politics get ahead of academic inquiry. I tried to enter the Gaza Strip to conduct my research in December and January. Egypt’s border with Gaza is normally closed, but Egypt does have a mechanism for allowing foreigners into the Strip...
Toyota has now made two recalls in the U.S. The first, involving 4.9 million cars, was triggered by a problematic floor mat that could come loose and jam the gas pedal open. The second, of 2.3 million vehicles on Jan. 21, concerned a problem with the gas-pedal mechanism itself...
But that's the optimistic view. The reality is that even though governments at Copenhagen agreed to keep global temperatures from rising more than 2°C this century, the carbon-emissions cuts they've promised are not nearly steep enough to achieve that goal. And while tens of billions...
“Obviously, the financial system undertook excessive risk,” he said. “The banks didn’t do what they were supposed to do, which was to allocate capital, manage risk, run a payments mechanism, and do it all at low transaction costs...
If Bernanke could install a mechanism that makes the cheap money provided by the Fed go only into the real economy, not into the speculation of Wall Street he could become man of the millennium. Alfred Feldmann, BREMEN, GERMANY