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By James Surowiecki November 6, 2008 The Bank of England has been behind the curve when it comes to recognizing the depth and severity of the global economic slowdown, and has kept interest rates too high for too long.
The Bank of England has been behind the curve when it comes to recognizing the depth and severity of the global economic slowdown, and has kept interest rates too high for too long.
In an article Bernanke published in 1983, he showed how the Fed's failure in the early thirties to prevent banks from collapsing contributed to the depth and severity of the Great Depression — a finding that supported a theory first proposed in 1963 by the economists Milton Friedman and Anna Schwartz.
Despite the depth and severity of Britain's downturn it was the last of the big economies to emerge from recession, and that only feebly—he maintains that Britain remains a world leader: the government's deficit-reduction plan, he claims, is "the most ambitious of any of the G7 countries".
And third, the depth and severity of spalling distress are measured using a novel regression analysis model in conjunction with image processing techniques in intensity curve projection.
Cameron spends much of his time almost gloating at the depth and severity of the cuts he's imposing in search of a chimerical fiscal balance.
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The Southwest and Northwest's shares in the aggregate of incidence of poverty, depth of poverty and severity of poverty are much higher, about 51%, 59.6% and 65.7% respectively.
The duration and severity of the event may be determined by additional factors, such as water depth, wind, and flushing rates [240].
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