ERM, or merely observing its now broad margins.

ECONOMIST: Tomorrow, perhaps

The policy change was part of a broad organizational plan to gradually improve margins and reduce the impact of burgeoning subsidy costs.

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It's not small enough to be completely speculative and not broad enough to know growth rates or earnings margins.

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"Our third quarter results reflect the successful execution of our strategy to utilize our broad global capabilities to enhance our market position, generate growth, and improve margins, " said Lesar.

FORBES

Either this is a charter for broad state interference in how businesses are run or just a bit of fiddling at the margins of industrial policy to encourage better employee training.

ECONOMIST: Bagehot

Though this broad strategy is likely to be emulated by any successor, there may be tinkering at the margins.

ECONOMIST: The Federal Reserve