Dig beneath the surface, and the two groups offer very different rationales for their optimism.The grassroots (and their idols) say they are in good heart, above all, because they have "been here before".
It was as though the admirals were trying to justify their role according to a new political vocabulary that demands economic rationales for military activity, but they couldn't find an economic rationale so they were just hoping the very-serious-person rhetoric would make it sound plausible.Daniel Drezner has a new article in International Security that takes this issue to a larger scale.
The vague strategic rationales that float underneath our defence budgets don't describe a vision of the world that makes any sense to me.
European federalists are beginning to look for new rationales for European unity.
They do not.Mr Bilton notes that after speaking to the FAA, American Airlines, Boeing and several others, he heard radically different rationales which appear to contradict one another.
That left politicians free to project their own rationales on the carnage.For some on the left, the real villain was the government's public-spending cuts.
As circumstances changed, Mr Bush stuck to his decisions but altered his rationales; Mr Kerry sought to adapt to change and altered his positions.
On the other hand, to exclude other explanations is to insult the poor people who didn't riot (ie, most of them).One place the moral and socioeconomic rationales intersect is in the issue of broken families and absent parents, problems that seem to be both causes and effects of deprivation, and that disproportionately affect African-Caribbean people.
Citing rationales ranging from "health and safety" to the need to maintain "minimum social standards" in the EU and to strike a better balance between work and family life, the commission is launching a "consultation of interested parties" on possible changes to the directive.
The equity sales are likely to take place by June.One of the main rationales for the offerings is to finance new lending both to retail customers and the corporate sector (although the equity issue will also help to finance the bank's efforts to comply with stricter capital requirements).
Setting this element to zero for the distant-future case greatly reduces the plausible discount rate on most estimates, to as little as 1%.Most of the economists contributing to the RFF volume lean towards a compromise, for which a variety of ingenious rationales are offered: use a high discount rate for the first 30 or so years of a project, then a lower rate or rates for more distant periods.
