And all of this because of cumulative cultural adaptation.

1 ) Deviations from the average since January 1985 .

Current expense ( net accumulated loss ) , loss of the previous year before coverage . Net pension assets

Current expense ( net accumulated loss ) , loss of the previous year before coverage .

But the larger the stock of debt already accumulated, the less convincing an optimistic story becomes.

Current expense ( net accumulated loss ) , loss of the previous year before coverage .

Indeed, the debt build up is so large that markets now fear a repeat of Asia s financial crisis.

Now to many commentators, cumulative cultural adaptation, or social learning, is job done, end of story.

It should also lead to a sharing of expertise on the compilation of consumer price indices between Member States .

And what would a child what does a child like Jamie the young boy think, I mean, with all this anger that's built up inside of him?

Even if interest rates are currently low, he noted, they will rise, thereby increasing the debt service burden on the newly accumulated debt.

In the light of the experience gathered during the first three and a half years of the existence of the ECB , a number of organisational changes were made .

The excessive debt accumulated by households has been worked off much more rapidly and, once losses have been recognized, people can start again.

The chairs you're sitting in, the lights in this auditorium, my microphone, the iPads and iPods that you carry around with you all are a result of cumulative cultural adaptation.

We can talk about the distant past, plan for the distant future, discuss ideas with each other, so that the ideas can grow from the accumulated wisdom of a group.

Looking back over the years 1996 to 2005 , the general government debt ratio increased cumulatively by 4.2 percentage points ( see Chart 2a and Table 5 ) .

6. Expresses concern that the territorial Government is facing severe fiscal problems, which has resulted in an accumulated debt of more than one billion dollars

And this cumulative cultural adaptation, as anthropologists call this accumulation of ideas, is responsible for everything around you in your bustling and teeming everyday lives.

6. Expresses concern that the territorial Government is facing severe fiscal problems, which has resulted in an accumulated debt of more than 1 billion dollars

In the past, when discretionary spending on items such as motor vehicles, furniture, appliances, and travel was deferred, a surge of pent up demand quickly followed.

In 2001 the Economic and Financial Committee reviewed experience gained with the assessment of stability and convergence programmes since the adoption of the Code of Conduct .

The accumulated loss of global output over the next 35 years will total 100 trillion more than one and a half times annual world GDP today.

A 10 depreciation of the Turkish lira, for example, would raise cumulative CPI inflation by 1.65 2.03 percentage points, over two years, all else being equal.

The latter aggregate amount shall be reduced by an amount equal to the amount subscribed (whether or not paid in) for any equity participation of the Bank.

Choosing this option would mean that a vastly greater fund of accumulated knowledge and wisdom would become available to any one individual than would ever arise from within an individual family or an individual person on their own.

II ( 3 ) Tangible assets Net of cumulative depreciation of ECU 7.8 million these comprised , at year end in ECUs 1996 3,632,708 3,671 1,858,180 1997 Special installations Plant in building Other equipment Computers and software 2,065,988 7,225,869 2,184,088

Annan and Gurría also neglected to note that global Accumulated Cyclone Energy, an index for total hurricane activity, is hovering at the lowest values seen since the 1970 s.

As well as responding to the lessons learned from implementing Tacis over the last few years, the New Regulation must take account of the changing political and economic context in the NIS.

However , given the subdued economic growth in 2002 , the risk of the accumulated excess liquidity translating into inflationary pressures was considered to be small , a view that prevailed in the second half of 2002 in particular .

Looking back over the years from 1999 ( the first year for which comparable government debt data are available ) to 2005 , the general government debt ratio increased cumulatively by 4.5 percentage points ( see Chart 2a and Table 5 ) .

As well as taking account of international trends in this field, the Commission must have obtained additional information in the course of discussions with the interested parties, drawing on the scientific experience accumulated by research centres and European firms.

It won the battle of the comminiqué, but it may have lost 20 years of painstakingly accumulated goodwill, the result of efforts such as the ASEAN China free trade agreement, signed in November 2002.

In the course of 2004 , monetary analysis provided evidence of a further unwinding of portfolio shifts , albeit at a slower pace than could have been expected on the basis of historical patterns for the elimination of accumulated liquidity holdings .

All signs and past experience suggest that this will be a new way for the regime to buy itself time, but this is an unprecedented move and things could always turn out differently.

The Governing Council stressed that whether the accumulated excess liquidity would translate into inflationary pressures over the medium term depended very much on the extent to which portfolio shifts were reversed and on the future strength of economic growth .

Since then, hurricane incidence has dropped off the charts indeed, by one measure, global accumulated cyclone energy has decreased to its lowest levels since the late 1970 s. nbsp Exaggerated claims merely fuel public distrust and disengagement.

Unfortunately, it is not easy to weigh breast cancer s dangers against the cumulative effects of radiation from dozens of mammograms over the years, the invasiveness of biopsies, and the debilitating impact of treating slow growing tumors that would never have proven fatal.

The International Military Tribunal at Nuremberg, which followed World War II, called the waging of aggressive war essentially an evil thing...to initiate a war of aggression...is not only an international crime it is the supreme international crime, differing only from other war crimes in that it contains within itself the accumulated evil of the whole.

The US also needs the renminbi to rise in order to reduce the trade deficit and alleviate the burden of accumulated debt. China, in turn, could accept a stronger renminbi and a lower overall growth rate as long as the share of consumption in its economy was rising and the improvement in living standards continued. The public in China would be satisfied only exporters would suffer, and the surplus accruing to the Chinese government would diminish.

9. Stresses the importance of the timely implementation of the Plan of Action on Protection from Sexual Exploitation and Abuse in Humanitarian Crises developed by the Inter Agency Standing Committee, and urges the Standing Committee to continue to refine the Plan and follow up activities consistent with experience gained at the field level

Unit labor costs in the four southern countries increased by 36 , 28 , 30 , and 25 , respectively, from 2000 to 2010, compared to less than 5 in Germany, resulting in an end 2010 cumulative divergence above 30 in Greece and more than 20 in Portugal, Italy, and Spain.

First, the scale of the debt burden built up over close to 20 years of conflict was monumental, amounting to more than 4 billion three to four times the level of indebtedness relative to income of the most severely indebted European countries currently facing difficulties.

In February, I presented to the Eurogroup (which convenes the finance ministers of eurozone member states) a menu of options, including GDP indexed bonds, which Charles Goodhart recently endorsed in the Financial Times, perpetual bonds to settle the legacy debt on the European Central Bank s books, and so forth.

Article 8 Financing of intramarginal intervention For the purpose of intramarginal intervention , the very shortterm financing facility may , with the agreement of the central bank issuing the intervention currency , be made available subject to the following conditions ( a ) the cumulative amount of such financing made available to the debtor central bank shall not exceed the latter 's ceiling as laid down in Annex II

1 M O N E TA R Y P O L I C Y I N T H E E U R O A R E A 1.1 EVALUATION OF THE ECB' S MONETARY POLICY STRATEGY After more than four years of conducting monetary policy for the euro area , the Governing Council of the ECB undertook a thorough evaluation of the ECB 's monetary policy strategy in the first half of 2003 in order to take stock of the experience accumulated thus far .