Word: method
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...with the prospect of a regulatory windfall. The Federal Communications Commission proposed scrapping the system of controlling AT&T's profit margins, which the agency has done for more than two decades as a means of limiting long-distance prices. Instead, the FCC aims to protect consumers by another method: setting price caps, which would freeze long-distance rates at current levels but could adjust them upward to account for inflation and other factors. AT&T rejoiced at the decision, which Wall Street analysts say could allow the company's profits to jump by an estimated...
Jackson has his own quick method of detecting motives in others. "I can look into a person's eyes," he says, almost preening, "and tell what he's really up to." His jousting manner intimidates people, and Jackson swiftly spots the signs. In 1984, by Candidate Walter Mondale's wandering eyes and hurried speech, Jackson knew that Mondale was afraid...
Nearly every investor develops a personal method or specialty. Investor Tedd Determan of Chicago, who puts most of his $1.4 million portfolio into small, fast-growing stocks, often invests in companies whose products he appreciates as a consumer. A confessed "popcorn freak," he savored the brand made by Golden Valley Microwave Foods, and so he bought the company's stock. It has gone up nearly 70% in value during the past year. In another instance, Determan was so impressed with the service at Jiffy Lube International, a franchised auto-service chain, that he bought 3,000 shares...
Stripped of its apocalyptic tone, what this amounts to is an advocacy of teaching names, dates and places by rote and providing a context later. Hirsch acknowledges that the method has been derided since Dickens satirized Pedant Thomas Gradgrind ("Facts, sir; nothing but Facts!") in Hard Times. But, he counters, "it isn't facts that deaden the minds of young children, who are storing facts in their minds every day with astonishing voracity. It is incoherence -- our failure to ensure that a pattern of shared, vividly taught, and socially enabling knowledge will emerge from our instruction...
...cash flow of needy governments. Unlike banks, which postpone only the repayment of principal on loans, the Paris Club will postpone the payback of both principal and interest, thus freeing up additional credit for use by the debtor. In the past two years, club governments have used this method to add $15 billion to the coffers of petitioning debtors...