"I'm not convinced the applicant's prospect of success outweighs the consideration of loss to the respondents and third parties," she said.
Certainly, the Japanese government seems to have made major mistakes in its intervention (as, everyone agrees, did FDR; I think we are arguing about whether his successes outweighed his mistakes).Making even less sense to me is the Daniel Gross article to which Mr DeLong is responding:The argument that the New Deal's efforts "perhaps had prolonged, the Depression," is likewise a canard.
Mayor Michael R. Bloomberg picked up yet another prominent Democratic endorsement yesterday, as Eva S. Moskowitz, the chairwoman of the City Council Education Committee and a frequent critic of the mayor's school policies, said yesterday that he deserved a second term because his successes outweighed his shortcomings.
In Bush's home state of Texas, the Ft. Worth Star-Telegram, which supported the President in the past, said he "has had his chance and has been found wanting". "He has been a disappointment as President, his foreign policy successes outweighed by his lackluster inattention to domestic problems and by his inability to either lead or compromise with Congress," the Texas daily said.
But there will always be debates about whether the agency's quiet successes outweigh its misadventures.
Economists would argue that the low success rate reflects a rational assessment of risk, with the returns from a few successes outweighing the losses of many failures.
We wondered whether a "venture capitalism" argument might work – aid is a risky investment, there will be some failures, but the successes outweigh the losses.
This, in turn, leads to learning, which is why successes outweigh the failures.
In the US, failure is considered more of a learning experience as long as the successes outweigh the failures.
Assuming there would be room at the top with Comcast's Steve Burke, the likely candidate to run the combined company (See "Casting Hollywood's New Power Player"), Zucker will have to hope that his cable successes outweigh his broadcast flops in the eyes of his prospective new bosses.
