"Finance is full of clever instruments that work as long as the risk is idiosyncratic, but can wreak havoc if it becomes systemic," says Frederic Mishkin of Columbia University.
And just as Theremin did in his studio, modern electronic whizzes continue to create clever electronic instruments for the musically inclined gadget freak to play at home — with considerably more ease than Theremin's device.
The dashboard is an appealing mixture of curves and angles, and there's a clever centrally mounted instrument binnacle.
This clever mix of instruments is more versatile than you might first think.
The new financial instruments, as clever as they were, had an unfortunate side effect: they broke banking.
Bankers think the increase will be much higher.Whatever the final number, a rise in the price of the basic raw material that banks use to forge the clever derivatives and exotic instruments they sell all over the world will probably price some out of the market.
In order to stimulate recycling, a clever mix of policy instruments is needed because of the interacting external effects, the possibility of illegal disposal and imperfectly competitive markets.
When the Fool (who hangs himself in this undertaking!) is gone, Lear carries the instrument -- a clever metaphor for Lear's finally acquiring the Fool's sagacity.
Novel instrumentation (interferometry) and clever mission design (small platform on low orbit with high telemetry and dedicated smaller platform on hexapod for permanently Sun-centered instruments) allow both spectral imaging and Helioseismology at very high spatial and temporal resolutions.
The Prussian physicist Karl Rudolph Koenig, an extremely clever and creative experimenter, designed many of the instruments used for research in hearing and music, including a frequency standard and the manometric flame.
