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And that transformation, although attributable to many causes, is testament to the power of ideas — to the way they rise and fall in credibility and valence, to the way they travel across continents and cultures, and to the way they shape the destinies of nations and the people who live within them.
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Credibility rating Unseasonal fall in oil production North Sea oil and gas production is said to be volatile, because the rigs and platforms have to shut down every so often for maintenance work.
It offers a contrast in credibility.
"I'm interested in credibility".
In a candid letter the former Brussels technocrat acknowledged that his credibility had been undermined by a much sharper fall in domestic demand and lower tax revenues than he had expected, as well as a failure to meet fiscal targets.
To maintain credibility, fiscal policy may even become pro-cyclical, with the resulting austerity exacerbating the initial fall in demand.
The hardship comes from a sharp fall in average real wages, a wound inflicted by inflation, not recession.Yet this week's interest-rate cut does not look like a reckless gamble with the central bank's credibility.
It all contributes to the falling credibility of Britain's regional papers.
"This was a case that rose or fell on the credibility of the prosecution's witnesses".
"This case falls on the credibility and the intentions of the accused," Engel said.
"Our posture with Israel has weakened, our hope to strengthen the Palestinians has fallen back, and our credibility in the Arab world has been damaged," said Robert Malley, a peace negotiator during the Clinton administration.
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