Word: pillar
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Welch adds that while she hopes to further improve government advising in the future, she plans to maintain the House-based system as the central pillar of the department’s advising...
There are those who still insist on rational expectations theories and EMH as the best predictors of human and market behavior. Put simply, their point is that mistakes may be made, but economics as a field can only be useful with mathematical modeling as the central pillar of analysis. Based on growing amounts of data, models may be incomplete, yet they are also perfectible. Such trust is essential, since it assumes that fully determined outcomes are possible and that more data can overcome any shortcoming...
Corruption has long been the dead weight stymieing the economies of many developing nations. However, a new economic program in India, sponsored by the good-governance group, 5th Pillar, offers an innovative new way of fighting this scourge—through individual acts of resistance. 5th Pillar is creating and distributing “zero-rupee notes” to citizens across India; when asked for a bribe, individuals hand over a zero-rupee note instead. This efficient and cheap initiative has already met considerable success in fighting bribery. Further anti-corruption efforts in the developing world should emulate...
Thus, a project that initially began in 2007 with the distribution of 25,000 notes in the southern state of Tamil Nadu “met with such high demand” that 5th Pillar has now given out close to one million notes and is expanding the program from its initial starting locale in southern India...
...tomorrow. New data suggest that the program - the most costly in Pentagon history after the even more expensive F-22 fighter, which Gates killed - has been out of control. "Affordability," declared an internal Pentagon report critical of the F-35, "is no longer embraced as a core pillar." A too-ambitious design lashed to a too-ambitious schedule has driven up costs so fast and so high that even the Pentagon - long practiced at ignoring such mismanagement - couldn't stand it any longer. (See the top 10 most expensive military planes...