He said hospitals needed to be given time to adjust and the government needed to be flexible, but, given that leeway, added there was no reason why it should not work.
But to achieve further improvements, the SMMT has long been lobbying for the government to adjust taxes to encourage investment in new technologies and to offer consumers incentives to encourage them to buy more fuel efficient, less polluting cars.
The government tries to adjust its payments based on the perceived patient risk, but the insurance industry has figured out a way to game that system and extract even more profit by focusing on the least costly patients for a given medical condition, one recent academic study found.
He also said the government will adjust policies to lower import costs and make the trading system more efficient for importers.
So, unless the economy really nose-dives, I suspect the Fed will allow the market system to function normally this time around, allowing economic growth to slow if that is its inclination, and the stock market to adjust to that, without government interference.
Indeed, when Congress and President Obama decide over the next month how they are going to keep the government running through Sept. 30, lawmakers will have the opportunity to adjust the across-the-board spending cuts any way they want.
Karachi's economic environment has no doubt learned to adjust to the fluctuating security situation, but the national government cannot afford to let it get worse.
Lu suggested the government adjust the basic living allowance and food subsidies for university students every three months according to changes in the consumer price index.
Charities, especially those that do not depend on government, have often faced the need to adjust and have to work with less money.
FORBES: Like Humans Need Oxygen, Bureaucrats Always Need More Money
As I discussed last week, a downgrade could cause trouble in the markets - or it could simply force everyone to adjust their conception of safe government debt.
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