Failsafe software design means acknowledging a broad spectrum of downside threats and possibilities, and carefully bounding the risks.
The broader euro crisis demonstrates the downside of fixed exchange rates and inflexible monetary policy, so the right doubles down on the gold standard.
While noting that the recovery was becoming "self-sustained and more broad based", the OECD pointed to significant downside risks including rising commodity prices, a sharp slowdown in China and the soveriegn debt crisis in the eurozone.
It would take less work, be easier to implement, have fewer downsides, have broader applications, revolutionize this area of our business - what would that totally crazy, out of the box, wild idea even look like?
The downside, of course, is that a broader beam implies a lower power per unit volume and also a coarser resolution.
The obvious downside of the unnecessary use of broad-spectrum therapy is the increase in the selective pressure on bacteria, thereby, promoting the emergence of resistant pathogens [ 15, 16].
Only five of the 66 broad-based ETFs we cover have more upside promise than downside exposure.
But markets in Hong Kong and South Korea still finished firmly to the downside on continued weakness in financials, amid concerns over the broader implications for the banking system of the rescue of the U.S. financial services giant.
A Fed governor, Frederic S. Mishkin, told an audience in Manhattan that the risk of a broader downturn "cannot, in my view, be ruled out" and "poses an important downside risk to economic activity".
They talk about managing risk and the downside protection of diversification, but they rarely plan for the type of broad-based disaster that ravaged the markets in the past year.
