That does not mean, however, that the tea party is winning the war even if it has lost a few battles.
In effect, moving to nominal GDP targets would send a signal that the Bank was determined to get back the nominal growth in the economy that has been lost, even if it is at the cost of pushing inflation above 2% for a sustained period of time.
If Cupertino can make up in tablet share what it has lost to Android in smartphone share, it will find itself in a very strong position to dominate mobile advertising.
It has certainly been a lost year, if these preliminary figures turn out to be accurate.
And if it is to survive economically and regain lost competitiveness, France will have to embark on structural reforms that it has fought hard to avoid.
Obama will be praised for his performance, but it remains to be seen if he will make up the ground he has lost over the past two weeks.
If a taxpayer has lost a job or income has dropped for other reasons, it often makes sense to undo a conversion.
If Mr Clinton has lost his magic with the pundits, he still retains much of it with the public.
It has allowed me to maintain my independence that I would undoubtedly have lost if the disease were untreated.
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