But passing an amendment saying that a big chunk of the transparency provisions of the law shall not take effect means it will now take an act of Congress to narrowly target any transparency fixes.
Transparency is vital for what is, in effect, a quasi-public institution, says Charles Elson, a professor at the University of Delaware.
Many dread the effect on their margins of greater price transparency and the web equivalent of shopping around.
In the meantime, argues Gass, the mere possibility of the dramatically increased transparency offered by an efficient consolidated audit trail could have a significant deterrent effect.
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The debacles of Avandia and Vioxx suggest that greater transparency throughout the clinical trials process and designing trials that actually address side effect concerns might help keep drugs off the market whose costs outweigh their benefits.
Mr. Pitt has, in effect, taken the position that the SEC need not require transparency about the "material risk" associated with investments in such entities unless the amount of corporate investment or exposure in rogue states could materially harm the often-huge multinational companies themselves.
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It is fed in part by some of the familiar pejoratives associated with tech geekery (Denton as anti-social robot, for example), and also by his own publications, which, in the interest of his vaunted transparency, occasionally turn their pitiless gaze on the boss himself, for comic effect.
So far as I can tell, the net effect will depend on the interplay between two countervailing emanations of the new transparency.
An optical laser reads the transparency and creates a wobbly, out-of-tune, almost eerie-sounding keyboard effect.
The IGC had another opportunity to effect change when it proposed independent members on the ExCo in order to encourage more transparency and accountability.
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