"Ohio has the right to make an unsound educational judgment, but not an unconstitutional one," Mr. Chanin said.
The House and Senate bills would allow regulators to curb pay practices that make a bank unsound or take too many risks, but leaves to regulators the decision on how to do it.
Mr. Keiley predicted the firearms industry would come under market pressure that could make it an unsound investment.
Long-Term Capital was advised by finance quants, or quantitative analysts, who made a number of unsound, esoteric bets, including investments in interest rate derivatives.
Eventually this economically depressed, largely minority community was taken over by the state, which then proceeded to make a series of unsound decisions that no one in the many overlapping governmental agencies responsible for water quality managed to notice.
Chinese officials aren't just worried about currency outflows, they're also concerned panicked companies are making financially unsound deals.
RBF and Steyer are not outliers, nor are they making unsound financial decisions.
While public attention has focused on the Wall Street banking giants that packaged toxic pools of mortgages into little-understood securities, some community banks also fueled the financial crisis by making unsound loans, awarding bonuses based on loan quantity instead of quality, and investing too heavily in real estate loans.
Further, induction differs from deductive proof or demonstration (in first-order logic, at least) not only in induction's failure to preserve truth (true premises may lead inductively to false conclusions) but also in failing of monotonicity: adding true premises to a sound induction may make it unsound.
"There's a distinction to be made between Unsound and commercial festivals," he says, "But I don't know if there is any truly 'underground' music festival.
