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But are our regulatory overlords smart enough to advocate a hands-off policy?
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Some people say the Bush Administration should abandon its "hands off" policy and intervene in foreign exchange markets to push the dollar down further, by around 10% to 20%.
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This hands-off policy was supposed to have the extra virtue of allowing America to mend fences with its Arab allies and help rebuild support for the United Nations embargo on Iraq.
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The President's claim seems to be that he maintained a hands-off policy in ongoing sexual encounters with Ms. Lewinsky, which coincidentally happened to permit him to truthfully deny "sexual relations" with her at a deposition occurring a few years in the future.
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Colin Powell, America's secretary of state, has embarked on a Middle Eastern tour and all this diplomacy is designed to shore up a truce painstakingly negotiated earlier in the month by George Tenet, the director of the CIA. So much for Mr Bush's hands-off policy.
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's 'hands-off' policy towards what West sources say will be a 'crooked' election could increase any security risks.
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This is not to say that market forces and a largely hands-off Internet policy have delivered the ideal state of competition.
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The former gave their academic blessing by telling everyone that markets were rational and efficient and latter responded with deregulation of the financial industry and an increasingly hands-off approach to economic policy.
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"There was a policy of hands-off, " said retired Maj.
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NHTSA's encouraging, but also cautious, policy statement reflects the concerns of safety regulators about allowing drivers to take their hands off the wheel.
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But, so far, the hands-off attitude of the Thatcher years has largely persisted although there has been some minor flirtation with industrial policy in the form of subsidies for the film industry and government plans for fostering biotechnology.
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