Adopting a convertibility rule, however, such as existed under the classical gold standard, would result in a forecast-free monetary regime.
The advantage for the hedge funds in the mortgage market lay in the inefficiency of that market and the lack of such fierce competition as existed in the much larger universe of macro hedge funds.
The lack of any monetary rule to constrain the Fed and the lack of any convertibility principle, as existed under the classical gold standard, means the Fed has a monopoly on base money (currency held by the public plus reserves), the supply of which is determined by a small group of Fed officials who presume to be able to forecast the future.
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Representative Les Aspin, then-Chairman of the House Armed Services Committee, proposed using the Iraq military as it existed during the 1991 Desert Storm campaign as the baseline regional threat.
The dialogue they are engaged in is focused upon the hedge fund marketplace as it existed ten years ago.
How do we create agile goals that reflect changing business reality rather than reality as it existed six months ago?
Uploaded without his knowledge before he knew such a thing as YouTube existed, it has clocked nearly 12 million views, and still adds thousands daily.
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The appropriateness of the deductions petitioners claimed should be evaluated on the basis of the facts and circumstances as they existed in 2006 and 2007.
The text as it existed at the end of that New York session fell into my hands last week ( The Guardian has helpfully posted it).
That's a 4% "spread" over the less-risky 10-year U.S. Treasury bond, which is as wide a spread as has existed in years, says Orest Mandzy of Newtown, Pa.
One cannot fault Buffett for striving to maximize after-tax returns for himself and his shareholders within the confines of the law as it existed at any point in time.
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Business Secretary Lord Mandelson said "on one level" he could understand the reaction as MPs had "honestly and fairly" made claims within the rules as they existed at the time.
The agrarian and industrial revolutions were demolishing the English countryside as it had existed over centuries.
It has existed as long as there has been a consumer electronics industry.
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Evidence that the Caspian horse existed as early as 3000 BC can be found in ancient writings and artefacts.
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The 11, 962-square-foot space originally existed as four separate units on the 16th floor of the Michael Graves building on South Beach.
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Whether it ever existed as he tells it is another matter altogether.
The old investment banks, when they existed as free-standing institutions, could engage in no activity that didn't present a conflict with other customer interests.
Storytelling is a craft that has existed as long as humankind.
The original compile dates on some of the variants of Duqu so far analyzed suggest it may have existed as far back as November 3, 2010.
Cover-shooters actually do take defense seriously, but in the realm of fantasy games in particular, and third-person action games, defense has almost always existed as an afterthought.
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Violence as entertainment has existed for thousands of years, from the ancient Egyptians watching re-enactments of the murder of their god Osiris to the Romans' gladiator games, said Bushman.
If Flacco never takes the keys and directs Chevrolet to donate the car to charity, then the car never existed as far at Joe Flacco and the IRS are concerned.
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If and when face-recognition technology improves to the point where surreptitious cameras can routinely recognise individuals, privacy, as it has existed in the public sphere, will in effect be wiped out.
Equivalent presiding officers before this time were called parlour or prolocutor, and existed as far back as 1258, when Peter de Montfort is said to have presided over the "Mad Parliament" held at Oxford.
It is important to emphasise that different approaches to conceptualisation of civic and citizenship were encountered in the participating countries: in some cases, it existed as a stand-alone subject, sometimes as a cross-curricular theme.
Based upon the actions taken and our testing and evaluation of the effectiveness of our internal controls, we have concluded the material weakness related to controls over the period-end financial reporting process no longer existed as of December 31, 2010.
That is three times as long as the Earth has existed and about 100, 000 times the lifespan of modern humanity as a species.
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He said as many as 700 broken rails existed during the days of British Rail.
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