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But there was a problem when pay awards appeared to "bear no relation to performance" - a situation that "undermines trust in the whole system", he said.
BBC: Labour calls for 'responsible and better' capitalism
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Mistakes by these financial professionals result in disastrous consequences to plans that bear no relation to the amount they are paid.
FORBES: A ''Tipping Point'' for Public Pensions? (November 2009)
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Some exporters, such as South Korea's Samsung Electronics, are so international that their valuations should anyway bear little relation to their countries of origin.
ECONOMIST: Emerging markets
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That inconvenient truth is that even when London Interbank Offered Rates are not "fixed", they may still not bear very much relation to reality - because banks are not actually offering much unsecured money to each other at all.
BBC: Inconvenient truths about Libor
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There are moments when music and lyrics bear only the faintest relation to each other, a tricky state of affairs in a work that is almost bereft of spoken dialogue.
NEWYORKER: Evita
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Bear markets usually begin when share prices are high in relation to earnings: which, currently, they are.
ECONOMIST: A wobble down Wall Street
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When a bank becomes a lynchpin of the global economy, in the way that HSBC has done, are the hands of justice shackled in relation to it - because a proper spanking would be too much for a fragile global economic recovery to bear?
BBC: Are some banks too big to jail?