Viewed in its totality, BAE Systems Inc. has a diverse mix of forward-looking franchises that should be able to weather the coming fiscal storm in defense nicely, particularly once the services component is further expanded into areas that do well in downturns.

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Not that chairlifts and cable cars and such comforts are to be looked down on: they are, on the contrary, logical achievements of our society, which is what it is, and must be either accepted or rejected in its totality and those who are able to reject it are few.

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In support of its judgment, the court cited studies by a single group in Sweden, which stand out from the totality of studies on the question.

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Though the Fed has massively increased the monetary base in a stated aim to stimulate the economy, the totality of its actions is having the opposite effect.

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