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As Anthony Giddens remarked (in the same issue of The Economist), it is a market-oriented social-liberalism, that goes beyond the neo-liberalism of the new right and the social democracy of the old left.LUIZ CARLOS, BRESSER PEREIRASao PauloBank statementSIR The concluding paragraph of your article on Italian banks misses the point ("Cautious communion", May 2nd).
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What is the point of being cautious in this area?
That could be another reason why Dr Matsui found that pancreatic cancers do not always seem to contain stem cells.Dr Weinberg is sensitive to this point, and is cautious when talking about these experiments.
Ministers promptly hailed the figures but statisticians were far more cautious, pointing to the different ways in which figures have been collected over the years.
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Although the report was cautious, pointing out that unreliable press reports and "mass hysteria" might have led to exaggeration of alleged ill effects, its contents were unwelcome.
The nearest we get to a review of the "popular" is a treatment of George MacDonald Fraser's "Flashman" series, and again, amid the punctilious summary of the subject's many admirable points, the few cautious reproaches tend to stand out.
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