And if countries do accept the need for research involving human stem cells, a central bank with material available to all researchers is more efficient.

BBC: Embryonic stem cells can be turned into any kind of cell

There was also no requirement for the auditor to give its opinion on whether the bank had fully corrected the material weakness in internal controls related to the valuation process until 2012 year-end.

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That was followed by the revelation he had authorised the leaking of the solicitor general's letter to Mr Heseltine, in which the former defence secretary was warned of a material inaccuracy in a letter he had sent to a merchant bank about Westland.

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Output of services includes services of transport, communications, trade, material supply housing, public utilities, culture, health care, bank service etc.

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He confirmed that WikiLeaks has damaging, unpublished material from pharmaceutical companies, finance firms (aside from the upcoming bank release), and energy companies, just to name a few industries.

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Other important terms to consider include whether there are liens on the IP (a negative), Material Adverse Change clauses, cash-collateral elements (where a bank can sweep the account), and other particular covenants.

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As you probably know, the success or failure of Lloyds' attempt to generate high profits and returns on its capital are of material importance to most of us, in that taxpayers own 41% of the bank.

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The issue, which is a little bit more substantial, is whether all this diligent chivvying by Mr Bailey will be deemed by the Bank of England's Financial Policy Committee to be adequately filling the hole in bank's balance sheets - a hole described by Sir Mervyn King in late November as "material" (see my previous pieces here and here).

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Pro-life and religious groups will ultimately feel that the bank signals the start of a commodification of human life and that the special status granted to human embryonic material - the requirement that it should be used only for research that would lead to the creation of life - has now changed.

BBC: Embryonic stem cells can be turned into any kind of cell