And in 1934 Congress created a new agency, the FCC, and handed it the telephone lines and the formal concept of a telecommunications service, with language lifted wholesale from existing rail legislation.

ECONOMIST: Economics focus

But almost all the discussion around that concept focuses on investments in formal credentials and formal higher education.

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Both the prime minister and the two other parties agree on the concept of a royal charter, a formal document used to establish and lay out the terms of an organisation, for example the Bank of England or the BBC, that cannot be changed without government approval.

BBC: Press regulation deal 'is still possible'

Mr. Tito's concept has been embraced by NASA's leadership, and the proposed Mars voyage is boosted by a formal cooperative agreement with NASA's Ames Research Center in Northern California.

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