Word: standardism
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Sturdier Seats Congress's Airport and Airway Safety Act of 1987 called for regulators to improve what is called the "crash-worthiness standard" of seats - in effect, the likelihood that they will crumple and crush passengers at impact. It took 17 years to accomplish the task, as the Federal Aviation Administration tussled with aircraft manufacturers and airlines that balked at paying for the upgraded seats. The FAA produced evidence that sturdier seats could have prevented 45 fatalities between 1984 and 1998. A deal was reached. In 2005, the FAA mandated that all U.S. aircraft built after October 2009 meet...
...banks were to be simply judged for their liquidation value - what they could get for selling off their assets on the open market today - most major financial institutions in the U.S. would be determined insolvent and due for government takeover. But that isn't the standard by which banks are judged. If it were, most of the country's big banks would have been nationalized in the early 1990s...
...Consider government standards for allowable amounts of arsenic in water, a topic Sunstein has written about. A standard set at 3 parts per billion will save more lives than a standard set at 10 parts per billion, but it will also cost more to achieve - a cost that will in turn be passed on to consumers in their water bills. If it can be shown that the more stringent standard would result in saving 10 lives per year, how much would society be willing to pay to achieve that? Ten million dollars? A hundred million? A billion...
...symbols: saccharine cards on Valentine’s Day, long-stemmed roses on anniversaries, and diamond rings at engagements all serve as measures of our devotion to monogamy. However, with social-networking sites such as Facebook commanding an average of 20 minutes of our attention each day, a new standard of exclusivity is quickly divesting chocolates and perfumes of their primary significance. Forget meeting the parents: The ubiquitous Facebook “relationship status” now defines the seriousness of romance with a drop-down menu. We can be straightforwardly “single?...
...Holoshitz was adamant that disclosing her intention to run for SAC chair in these e-mails marked a departure from standard practice...