As was true of Japan a generation ago, only much more so, China's obvious strengths cover underlying flaws and weaknesses.
What is holding back a healthy recovery is not lack of monetary stimulus, it argues; rather it is underlying flaws in the way that many economies operate whose effects are particularly pernicious after a financial crisis.
Yet only 42% find him "efficient".The underlying flaw in French industrial policy is not a lack of strategic oversight by the state, but the crushing weight of payroll charges for employees who are paid above the minimum wage.
Finally, while extending this strategy to financial assets does support the "ownership society" hypothesis, doing so illuminates a very different set of identification problems, which point to underlying flaws in the "ownership society" argument itself.
Singling someone out for punishment does nothing to fix underlying flaws in the system that set the stage for mistakes -- flaws like different medicines having similar names or labels, or hospitals with such poor record keeping systems that doctors lack vital information on patients they are treating.
"Efforts to put the bureaucracy on a war footing have, in my view, revealed underlying flaws in the institutional priorities, cultural preferences and reward structures of America's defense establishment, a set of institutions largely arranged to plan for future wars, to prepare for a short war, but not to wage a protracted war," Mr. Gates said.
The federal Food and Drug Administration is still struggling to understand and untangle the physics underlying the flawed protocols.
Amid concerns that some of the underlying documentation was flawed, JPMorgan stopped filing new credit card lawsuits in 2011, these people said.
JPMorgan also stopped filing new credit card lawsuits in 2011, these people said, because of concerns that some of the underlying documentation was flawed.
