If they fail, the court may well impose a solution.
President Trump, of course, views free trade more skeptically, and may well impose huge tariffs on all laundry-machine imports.
First I figured I might as well impose the full consistency condition (and now we re-join the path that David DesJ. outlined).
Now, DARPA is doing one of the things that governments do particularly well: imposing a software standard on an entire field, to the benefit of all.
These agreements go well beyond trade, governing investment and intellectual property as well, imposing fundamental changes to countries' legal, judicial, and regulatory frameworks, without input or accountability through democratic institutions.
Furthermore, by entrenching insiders and insulating them from engagement by large outside shareholders, low-threshold poison pills could well impose costs on public investors who do not wish to sell their shares.
But if people expect a default – and also if they believe that once a country takes on the fixed cost of default, it might as well impose a big haircut on creditors – then you could see interest costs rising to a point where default indeed becomes the preferred option.
The temptation, after all, would be to inflate rather than to default – and inflation does not have the same kind of "first bite of the cherry" aspect that default has, in which once you've decided to move you might as well impose a 50 percent haircut or thereabouts on creditors.
After all, "if those applying the pressure don't understand the limitations, they may well impose strategies that don't suit conditions on the ground and push for results that are out of reach".From the real reasons for high staff turnover to the dangers of relying on expat managers, "there is still often a gap between what headquarters knows and what it thinks it knows".
"Courts should not intervene where there is a robust political debate because doing so poisons the political well, imposing a destructive anti-majoritarian constitutional ruling on a vigorous debate," he said.
