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Relegated by leg problems to sidewalks' slow lanes, where I walk cautiously, aided by a long staff, I noted that fellow pedestrians accorded me ample sidewalk space; that throngs of Macy's shoppers cut me significant slack; and that our innumerable street crossings were not punctuated by honking horns as traffic lights turned red.
"Ms Yellen's testimony is very close to expectations as she highlights the fact that improvements in the labour market data since her last appearance in February are mitigated by the fact that significant slack remains in the labour sector," wrote US investment bank Jefferies' economists in a note to clients.
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An economy with significant labor slack requires more — not less — government spending.
"[Yellen] may acknowledge that a large part of the decline in the participation rate is structural, but is unlikely to abandon her longstanding thesis that there is still significant cyclical slack in the labour market," he said.
FOMC participants marked down their projections for overall inflation in 2009 to a central tendency of 1/4 percent to 1 percent, reflecting expected weakness in commodity prices and the disinflationary effects of significant economic slack.
It is for these reasons that the MPC [monetary policy committee] judges there to be a significant margin of slack in the economy, even though the extent of that slack, particularly the scope for a productivity rebound, is very uncertain".
The Bank also said there was still a significant amount of "slack" in the economy, meaning that it was not growing to its full potential because of underinvestment.
In February, the Bank of England said there was still a significant amount of "slack" in the economy, meaning that it was not growing to its full potential because of underinvestment.
"May's unemployment data highlight that the eurozone's economic recovery is still too weak to erode the significant amount of slack in the labour market," said Jessica Hinds of Capital Economics in a research note.
Given the significant investment that slack-based innovation programs require, the decision to adopt one shouldn't be made off the cuff.
The robustness of the suggested technique is established through investigation of significant case studies, including slack and pre-tensioned spatial cable networks.
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CEO of Professional Science Editing for Scientists @ prosciediting.com