My remaining concern is whether or not these new derivative exchanges and clearing functions will operate as designed, especially under meltdown conditions.

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In New York we get a mayor who makes war on Big Gulp sodas while proving himself inept at basic government functions such as clearing snow.

WSJ: McGurn: Sandy and the Failures of Blue-Statism

While employees will have different preference functions, the employer will over time find a market clearing wage.

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Within its core functions, such as: laboratory of ideas, standard-setter, clearing house, capacity builder andcatalyst for international cooperation, UNESCO is playing crucial role in ensuring access to quality education for all in Member States.

UNESCO: OFFICE IN TASHKENT