In addition to being informationally encapsulated and centrally inaccessible, modular systems and processes are "fast, cheap, and out of control" (to borrow a phrase by roboticist Rodney Brooks).
Effective regulation needs to control the amount of borrowing undertaken by banks and must ensure transparency.
Local authorities have been calling for such a move since they were handed control of £2.9bn of borrowing capacity or "headroom" by the government in April 2012.
"The outdated control of councils' borrowing limits is contributing to this problem.
Mr Salmond said, under independence, Scotland would gain control of welfare, borrowing, economic regulation and taxes, and energy policy.
It falls to the Bank of England to regulate the weather and distribute the seasons, through its control of the cost of borrowing.
What he said You only have to look at the crisis unfolding in Greece as I speak, to realise that if a country's not in control of its borrowing, the borrowing takes control of the country.
"You only have to look at the crisis unfolding in Greece as I speak to realise that if a country is not in control of its borrowing, the borrowing takes control of the country".
Likewise, the directors including Alan Ace Greenberg, chairman of the risk control committee, who should have used his muscle to reduce the amount of borrowing.
After controlling for the use of health care services and for paying for services, the probability of borrowing money or selling assets increases with a lower health status and a lower income.
Take the cost of borrowing dollars.
