In his defence, Alan Milburn, the health secretary, argued last week that Labour's strategy has been to establish national standards in its first term, before devolving power in its second.
The company is particularly adept at taking advantage of low property values in its acquisitions, and its ability to bring in first class tenants on long-term leases.
That in turn usually results in the economy being overheated, and the stock market being over-valued again, and the cycle repeats, with the next administration then allowing those excesses to be corrected in the first two years of its term.
Following the conclusion of this program in late summer 2011, the ECB embarked on the first of its Long-Term Refinancing Operations (LTRO) in December, 2011.
The company took down its full-year expectations as a result, saying that it will update investors about its long-term business plan in the first quarter of 2012.
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It will issue long-term debt for the first time in its existence.
After all, the four-year presidential cycle has an unusually consistent pattern of the market experiencing most of its serious corrections in the first two years of a presidential term and most often making a substantial recovery in the last two years.
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In the near-term, Apple is set to reveal earnings for its first fiscal year on January 23.
Bhutan was the first country to attempt this in 1972, when its ruler coined the term "gross domestic happiness, " but the idea is as old as Plato's Republic: how to cultivate happy as well as prosperous citizens.
Then in September, the Fed cut its key short-term interest rate for the first time since 2003 by one-half percentage point from 5.25 percent to 4.75 percent.
Though Israel believes these have mostly been cases of errant fire, it has responded with firepower of its own on several occasions in the first round of hostilities since a long-term armistice took hold after the 1973 Mideast war.
Edinburgh is also piloting a car club, the first of its kind in Britain, which will provide a pool of vehicles for short-term hire by members.
While Obama worked to close Guantanamo early in his first term, Congress enacted significant restrictions on the transfer of detainees from the prison that made its closure impractical.
However, Commerzbank's have climbed even faster, and its return on equity slumped to a miserable 4.5% in the first half of this year, far behind its rivals and a long way short of its long-term target of 15%.
Its chairman, Takashi Imai, conceded this week for the first time that pain, at least in the short term, was necessary to revive corporate fortunes.
In the early days of Mr Khatami's first term, his reform-minded regime derived much of its zip from religious nationalists, who were influential in the press and universities.
Indeed, according to a strict reading of the constitution, the government would need a vote of confidence from the Majlis even to continue in office if the latest departures mean that more than half its members have been changed during Mr Ahmadinejad's first term.
The force's military impact in its first ten days was immense but since then, says Brigadier Richards, the real work has been on longer-term planning for a stable Sierra Leone.
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