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But history also teaches that reserve-currency status is not a natural monopoly, protected by incumbency and inertia.
It is the bitter feeling of losing despite the exposure and power garnered by incumbency, the free mailings to constituents and the experience of having been successful in past elections.
Indeed, some councils, especially in the richer south, have adapted cleverly to the squeeze, by pooling resources and services.Others, especially in the north of England, where business tax receipts are scarce and Labour councillors dulled by incumbency, are finding it tougher.
GDP growth:4.0% GDP per head: $3,450 (PPP: $6,740) Inflation:7.1% Budget balance (% GDP):0.1 Population:11.1mEvo Morales secured a third successive presidential term in elections held in October 2014, aided by incumbency, an effective party machine and the economic benefits of a gas bonanza.
We also present simulations of Bundestag seat distributions to show that spillover effects caused by incumbency are sufficiently large to trigger significant shifts in parliamentary majorities.
We live in an era dominated by incumbency, and incumbency bows to its revenue sources, not the citizens no matter how much they protest.
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There was once a hope that Internet payment schemes might bypass the bank payment system, but one by one the schemes have been squashed by banks' incumbency.Take Earthport.
Such a self-examination, he said, has been blocked so far both by the incumbency of Slobodan Milosevic, who helped start those wars, and by the nature of the regime that Mr. Milosevic built: a Communist base infused by nationalism.
The move to Downing Street in 1966 to be the prime minister's ears and eyes on foreign policy covered a period of considerable friction between the Foreign Office and the prime minister, Harold Wilson, largely caused by the incumbency as foreign secretary of the mercurial and erratic George Brown.
Mr. Weinstock's argument boils down to this: Since our incumbent legislators retain their incumbency by accepting what amount to enormous bribes to act on behalf of their moneyed constituents, why not let those moneyed interests bribe the challengers as well?
He also took full advantage of his incumbency, by filling the airwaves with advertisements extolling the government's purported achievements using dubious statistics.
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