Furthermore, any limit on deficits should take into account the economic cycle.

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Changing the figure to take account of the cycle would make more sense, but it would introduce a complex and disputable new calculation, with countries arguing endlessly over precisely where they were in the cycle.

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Whether either should have been at risk at all is another matter: Gordon Brown, Britain's finance minister, having beaten off commission criticism of his own spending plans, said there was growing support for a less mechanistic view of the stability pact, taking greater account of the economic cycle and of the levels of investment and public debt.

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We are the only company to comprehensively report greenhouse gas emissions for every product we make, taking into account the entire product life cycle.

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And they reckon that, overall, the surface of the sea becomes two or three times warmer at the high point of the cycle than mere solar heating can account for.

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Sharman Apt Russell has done a wonderful job of gathering bits of exotic butterfly lore to brighten up her account of the insect's life-cycle, its acrobatic sexual practices and its amazing gift for mimicry.

ECONOMIST: Butterflies

Earn 10 cents per gallon for the first 60 days from the date the account is opened on up to 200 gallons per billing cycle period of Chevron and Texaco.

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The cycle continues, and as a result, newer games account for a major portion of its future revenues.

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CO2 life-cycle emissions for natural gas are higher than coal after taking into account leakage during transport through old Russian pipelines.

ECONOMIST: Change of environment