But at the time, the opaqueness created uncertainty and the uncertainty was enough to cause the meltdown.
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"A certain amount of opaqueness is an integral part of China's no first use policy, " she added.
There's a general opaqueness in online leaking, which isn't surprising, given all the stresses involved in the practice.
What happens next is hard to predict, not least because of Enron's opaqueness.
If banks and regulators were delivering good results, nobody would mind their opaqueness.
Because of the opaqueness of municipal accounting, it is hard to say just how dependent town halls now are on building.
"The sheer complexity, opaqueness and systemic risks embedded in the new markets have enormously complicated both official and private responses, " Volcker pointed out.
The opaqueness of such funds has led suspicious souls in the U.S. to speculate the foreign governments will use this newfound economic muscle for political leverage.
All true, and he suggested the regulators can't handle complexity, opaqueness and systemic risk--a terrible admission that ranks as the domestic version of our intelligence operation before Sept. 11.
But now, in a Washington that has elevated the concept of self-unawareness to an art form, the SEC has ruled in favor of a regulation that ensures opaqueness when it comes to the true value of stock prices.
"I think Joyce Banda has (an) amazing opportunity now to open it up, to allow this to be done in a more accountable way so that there isn't the opaqueness, there's more transparency and we can avoid the spiraling inequalities which occur through oil wealth, " he said.
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The intellectual fever to come to grips with IW has also spread to China, resulting in similar degrees of disagreement over the meaning of IW. The conceptualization of IW in the Chinese context has been even more confused given that Beijing, by the nature of its opaqueness, has not published any official documentation of IW as a guide for national policy.
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