But each of the stocks meets the standards of value that we have applied successfully for 27 years.
He said the retailer did not have a different set of standards for its value burgers - found to have been contaminated with horsemeat - than any of its other lines.
You have to get open standards in place, he says, then add value on top of those open standards in an open architecture.
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Last year, food prices also increased exceptionally rapidly by recent standards, and the foreign exchange value of the dollar weakened.
"We commend these banks for strengthening the link between compensation and business integrity, which is central to creating long-term value, and for setting new standards of disclosure, " he said.
The need to measure student achievement against standards has led to the development of highly sophisticated new "value-added" testing techniques.
But it will most likely grow, because of the values in its statement: team work, training, hard work, quality control, the importance of client value, candor, selflessness, raising standards and helping others.
Not surprisingly, Mrs Hitchcock is a firm believer in the value of Ofsted in setting high expectations and raising standards.
The introduction of stricter accounting standards this year means that banks will have to value equities at market, rather than historic, prices when they close their books next March.
As this happens, consumers will be less ready to borrow against the value of their homes in order to maintain their living standards.
Economics 101 tells us that this is exactly the type of industry in which the banks could gain economies of scale and create tremendous value by consolidation around open industry standards and a common technology platform.
Related to the entire discussion is the effect of the issuance of Financial Accounting Standards Board (FASB) Statement No. 157 "Fair Value Measurements, " which became effective for entities with fiscal years beginning after November 15, 2007.
The new standards apply to homeowners and businesses who are spending 50 percent or more of the market value of their property on rebuilding and who are using Sandy disaster aid.
The broader value comes from combing work on a common infrastructure, data standards and integration of the data.
This means that it can negotiate on more favorable terms with a more powerful competitor, contribute something of value to a joint-development project, increase its role in a standards group, raise capital more easily, etc.
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Finally, as already noted, standards-based reform represents an affirmation of the notion that, in and of itself, enhanced access is of little value.
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