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The new paper essentially asks, what are the chances that will prove true for the planet as a whole?
Commercial paper, essentially a promise to repay a loan within a few weeks to nine months, has served as a major pipeline for corporate financing.
Although the explanation turned out to be incorrect, "that paper essentially proved that the sky was not this quiet, tranquil place everyone thought," Dr. Cohen said.
Instead, credit grew more expensive and harder to get as investors became more skittish about buying commercial paper, essentially short-term loans to companies.
Under its plan, the central bank would buy unsecured commercial paper, essentially short-term i.o.u.'s issued by banks, businesses and municipalities.
"The position paper essentially calls on journalists to sweep uncomfortable details under the carpet," Andre Picard, a columnist for The Globe and Mail, wrote in 2009.
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The paper has essentially changed neither its ownership nor its character during its long life.
The paper is essentially impossible to read, like "Finnegans Wake," he added.
The paper was essentially a strategy document setting out how to recruit members.
But the paper, now essentially a pamphlet after a redesign and plummeting ad sales, is increasingly overlooked by the industry.
For Facebook, Paper is essentially a re-imagining of its often-cluttered news feed, which acts as the main interaction point for most people on the social network.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com