Although higher than last year, only 1, 138 students have found places in the "adjustment" process, out of 408, 000.

BBC: Few students 'trade up' university places

"Financial forces have been dominating the adjustment process in the euro area, " Mr. Gaspar told an audience of economic policy makers in Brussels on Tuesday.

WSJ: Good Omens But No Guarantees for Portugal

Recent indicators suggest that the inventory adjustment process may have largely run its course in the motor vehicle sector, but remaining imbalances in some other industries may continue to impose some restraint on industrial production for a time.

NPR: Bernanke: U.S. Growth 'Moderate' as Inflation Rises

But economists believe the rapid rise of e-commerce has overwhelmed that adjustment process and that many of the jobs added in this sector could be scratched in January.

WSJ: Job Growth Accelerates

While lags are expected (economists speak of a J-curve effect that accounts for the process of adjustment to the new prices in both countries), a two or three year lag in an era of instant communications, cyberspace transactions, transnational production, and airtight supply chains is simply not credible.

FORBES: Economists Ignore the Facts in Supporting Chinese Currency Legislation

The Medicare program has plenty of authority to alter its risk-adjustment process in response to new evidence.

FORBES: If Premium Support is 'Fatal' for Medicare, Why is it Good Enough for Obamacare?

Government pressure to keep people in houses they cannot afford during housing busts keeps these homes off the market and slows the adjustment process.

FORBES: Too Big To Fail Banks Crumble Before Greedy Federal Government In Mortgage Deal