Word: functional
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Because social security benefits are paid directly from current tax receipts, future benefits do not represent money in the bank, he said. The idea is that while private savings and future social security benefits serve the same function for individuals, they have different effects on the economy...
Rakoff agrees that certain professors styles and personalities might not work well in the Experimental Program, and says that having two Experimental Sections next year will be the real test," because it will show whether the success of the current program is a function of professional style or structural superiority...
Critics of arbitragers claim they make money for themselves but produce nothing of value for the economy. While long-term stock investments help companies grow by providing them with capital, Boesky's purchases are short- term and opportunistic. Yet he points out that arbitragers help the stock market function smoothly because they are often willing to buy a particular stock when everyone else is selling in a panic. What Boesky does has also provided him with a personal fortune estimated at more than $150 million...
...case for modern American libel law, New York Times vs. Sullivan. The dispute involved a political advertisement, critical of Alabama law enforcement and containing inconsequential errors of fact, that appeared in the Times during the black struggle for civil rights. Several officials, who were mentioned in the ad by function although not by name, sued, ostensibly to recoup their reputations. In fact, the Times' daily circulation in Alabama was then some 400 copies, out of a total circulation of 650,000, and the suits were clearly intended to discourage the national news media from covering the turmoil in the South...
...midafternoon the riders were listing seriously. All they had to do was make it back to Mamou still able to function minimally. There the girls would join them on the backs of their steeds, and they could have gumbo, and they could dance until midnight. The lesson seemed to be: get drunk, hunt chickens, eat well, kiss the dickens out of pretty girls, straighten your deportment the next day, assume your place among your fellow...