Word: obey
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...there is a risk that attempts to curtail overly optimistic investments by clamping down on credit will be ineffective, because local lenders may not heed Beijing's edicts. For a nation that was once completely command controlled, the central government has surprisingly few ways to compel regional lenders to obey orders. In Chengdu, for example, capital of Sichuan province 1,500 kilometers from Beijing, a branch of the China Construction Bank recently approved loans to upgrade a steel mill in the town of Panzhihua. Jiang Wen, chief of the bank's business-development department, says the mill already has local...
...allow gentle pressure, because it has yet to undergo a full capitalist transformation-for example, some bank loans are issued because the government orders them, not because careful analysis indicates that the borrower is a good risk. So Beijing resorts to administrative diktats that are ineffective if few obey them but could result in a too-sharp contraction if everyone does. "Too many people have a fantasy about China that bears no relation to reality," says Arthur Kroeber, managing editor of the Hong Kong-based China Economic Quarterly. "This is still a state-directed economy, and the government's latest...
...more carb counting becomes ingrained in our lives, the more worried many nutritionists grow. They argue that low-carb weight loss, while real, will not last for many folks, who once they stop dieting will obey their taste buds and return to the junk foods they love. "I work with a lot of people who have obsessive-compulsive food issues," says Darlene Kvist, a nutritionist in St. Paul, Minn. "Once they get that taste back in their mouth, then it's really hard for them not to want more and more...
...autobiography was titled, somewhat misleadingly, The Majesty of the Law. But her own majestic qualities are refreshingly devoid of regal pretense. They are marked instead by the humility and tolerance and restraint that are the true foundations of the constitutional principles that she endeavors both to balance and to obey. --BY WALTER ISAACSON, president of the Aspen Institute
Math Club Social Co-Chair Richard L. Rivero ’04 smiles widely as he explains the rationale behind the mania. “Pi is the most frequently occurring number in higher math. The digits in the decimal expansion of pi don’t obey any patterns...