It was up to the mills of Pittsburgh and the machine shops of Cincinnati to make the innovative best-quality goods that the world demanded, and that only specific cities knew how to make.

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His father demanded a lower-quality vocoder that would spare precious radio-wave spectrum.

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When those mortgages went bust Fannie was left holding the bill, and then demanded that BofA repurchase them on the grounds that the bank lied about the quality of the loans when selling them.

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Banks can deposit all kinds of collateral with euro-area central banks in return for cash without paying a penalty rate, while, until the latest joint operation, the Fed still demanded a penalty rate as did the Bank of England, which also accepted only high-quality collateral.

ECONOMIST: The ECB dishes out ��350 billion