Word: standardly
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Could such a "great drain" happen again, sucking liquidity out of the international financial system? Many experts would dismiss the idea as mere doom mongering. A full-scale war, they say, is one of those "10-sigma" (10 standard deviation) events that are so rare they lie outside the domain of risk management. Like an asteroid hitting the earth or a global influenza pandemic, a really big war belongs in the realm of uncertainty. You just can't price...
...requirement that holders of amateur radio licenses be proficient in Morse code. These days, few save hobbyists use electronic dots and dashes for messaging. But in 1858, when the first undersea communications cable linking two continents was strung between the U.S. and the U.K., Morse code was the industry standard. A century and a half later, the FCC's move makes it an all-but-dead language...
...Bush presidency might even turn out to be a success! What a thought! Better to give up on Iraq, say the critics, and damn the consequences. Kristol is the editor of the Weekly Standard...
...neoconservatives. The surge belongs to the neocons and in particular to Frederick Kagan, who taught military history at West Point for a decade and today works out of the American Enterprise Institute as a military analyst. Kagan argued for a surge last fall in the pages of the Weekly Standard, the neocons' house organ, after the military's previous surge, Operation Forward Together, failed in late October. Kagan turned to former Army Vice Chief of Staff Jack Keane, a retired four-star general who still has street cred at the Pentagon, to help flesh out the plan and then sell...
Whenever critics complain about the high cost of prescription drugs, the pharmaceutical industry's standard defense is that companies have to plow so much money into researching innovative new medicines. But a recently released report from the Government Accountability Office casts doubt on that rationale. Yes the industry is spending heavily on R&D, the GAO found, but it turns out big pharma isn't actually generating such a good return on their investments...