So you see, this is working. Now look, this system isn't lax.

Its monetary policy cannot be perfectly suited to all members needs all of the time. For the euro s first ten years, the ECB s policy was too lax for Spain now it is too lax for Germany.

Go with My signs, you and your brother, and do not be lax in remembering Me.

Go with My signs, you and your brother, and do not be lax in remembering Me.

Events targeted a passive attitude demonstrated by Governments that are lax in adopting legislation or ratifying relevant ILO instruments.

We're at best ignored and maligned and abused, at worst, by negligent regulatory agencies, pernicious zoning and lax governmental accountability.

But, because publicly traded companies usually have a large amount of capital in place, lax rules would enable insiders to use this capital to their advantage. As a result, insiders benefit from, and prefer to have, rules concerning corporate governance and investor protection that are more lax than those that are in the interest of shareholders and society.

And, to be fair, rules are often imposed because previous officials have been lax and they let a child go back to an abusive household.

If banks are regulated at the national level, but do business internationally, national regulatory authorities have a permanent incentive to set lax standards to avoid driving business to other countries and to lure it from them instead. Regulatory competition thus degenerates into a race to the bottom, since the benefits of lax regulation translate into profits at home, while the losses lie with bank creditors around the world.

He had tried to provide a definition that was neither too lax nor excessively strict, which would be tantamount to likening the notion to negotiated reservations (A CN.4 508).

We need fathers, as it were, the exemplary father figures in society, avoiding the two extremes, which is the authoritarian, disciplinarian, on the one hand, and on the other, the lax, no rules option.

Even countries that do not possess nuclear or other radioactive material need to act. There is evidence that criminal and terrorist gangs have attempted to traffic material through countries perceived to have lax security.

The principal culprits in the crisis were, rather, lax supervision and regulation of US financial institutions and markets, which allowed unsound practices and financial excesses to build up. China did not cause the financial crisis

Enhanced scrutiny by authorities of regulated financial systems and the lax controls at many borders continue to make the physical movement of cash and other forms of value attractive to terrorists as well as other criminals.

Second, the US, with its incredibly lax restrictions on gun purchases, serves as a veritable arms depot for rich Mexican drug lords. True, they could arguably acquire similar weapons elsewhere, but not necessarily as cheaply and conveniently.

Moreover, North Korea has been running its Yongbyon nuclear facility without international inspection. According to the wife of a North Korean defector who worked for 20 years as a nuclear scientist at Yongbyon, safety standards there are dangerously lax.

The ways in ways in which a country s rules can be expected to be too lax depend on how publicly traded firms are structured and run. In some countries, such as the US, ownership and control are separated, and companies are

Imagine if more such initiatives were launched, not only by companies, but also by governments. A cooperative approach could help to improve the troubled trade dynamics between Asia and the West, characterized by disagreement over China s lax enforcement of IP laws.

Israel is a small country living in a permanent state of siege, highly security conscious and surrounded by forces hostile to it India is a giant country whose borders are notoriously permeable, an open society known for its lax and easy going ways.

This may not be popular, especially in an economic downturn. But no one has the right to complain about the central bank s high interest rate, appreciated currency policy when fiscal policy remains too lax for interest rates to be reduced without risking price stability.

The purpose of these important rules is to protect outside investors from the opportunism of insiders. When such rules are too lax, insiders face insufficient constraints on their ability to run the firm in ways that serve their private interests at the expense of outside, general investors.

Borrowers and lenders can resort to cross border financial flows to evade domestic controls and erode the integrity of regulatory standards at home. To prevent such regulatory arbitrage, domestic regulators may be forced to take measures against financial transactions originating from jurisdictions with more lax regulations.

Foreign exchange controls, typically accompanied by price controls, give the government the sense that it can have its cake (lax policies) and eat low inflation. But controls lead to a parallel exchange rate, which can be either legal, as in Argentina, or illegal and even unpublishable, as in Venezuela.

Yet there the parallels end. Israel is a small country living in a permanent state of siege, highly security conscious and surrounded by forces hostile to it India is a giant country whose borders are notoriously permeable, an open society known for its lax and easy going ways.

And the regulatory boundary problem persists risky activities may migrate to areas where regulation is lax and reproduce the problems with the shadow banking system that we have witnessed during the crisis. As a result, investment banking operations might need to be rescued if they pose a systemic threat.

This is all the more true given that activities not subject to the Agency's safeguards pose a continuous threat of environmental disasters due either to lax safety procedures or the careless disposal of nuclear wastes, as has been described by numerous reports of United Nations and other international bodies.

Streamlined prospectuses and exemptions from some accounting standards for small companies have been tried before in individual countries and have failed. Looser standards for issuers weaken protection for investors, and there is evidence that lax regulation of new issues may reduce investor demand for them, raising the cost of finance.

Frankly, I am always struck by US economists reluctance to discuss the structural problems that caused the current crisis, and that hinder America s recovery. Most seem to believe that the crisis result from bad monetary policy and lax financial sector regulation some even blame the savings accumulated by Asian countries, especially China.

In the US, for example, no politician is anxious to say that home mortgage deductions should be eliminated, or that dividend payments should be tax free. Likewise, developing countries should accelerate the pace of economic reform, and equity markets in too many emerging economies are like the Wild West, with unclear rules and lax enforcement.

One of the reasons is a lot of their telephones use IP protocol and use things like Skype and so on that go through the Internet right now, and so in fact we're becoming dependent on it for more and more different things, like when you take off from LAX, you're really not thinking you're using the Internet.

Any system creates winners and losers. In Argentina and Venezuela, the winners are those who have preferential access to foreign exchange, those who benefit from the government s profligacy, those who can borrow at the negative real interest rates that lax policies create, and those who do not mind waiting in long lines to buy rationed items.

For example, multinational corporations use methods like transfer pricing (book keeping of goods, services, and resources transferred between a single company s branches or subsidiaries) to minimize tax liability on their profits from international operations. Corporate taxpayers take advantage of discrepancies in rules and rates, choosing to do business in countries with more favorable or lax tax regimes.

NEW YORK I have long been forecasting that it was only a matter of time before America s housing bubble which began in the early days of this decade, supported by a flood of liquidity and lax regulation would pop. The longer the bubble expanded, the larger the explosion and the greater (and more global) the resulting downturn would be.ampnbsp

It is often suggested that what is called the subprime crisis was the result of lax monetary policies that led to excess liquidity in financial markets. But there is an obvious paradox here, because how can an excess of liquidity result ultimately in a shortage of liquidity that has to be made up by central banks?

The Greek story seems connected in many people s minds with the stories of the real estate and stock market bubbles that preceded the current crisis in 2007. These asset bubbles were inflated by lax lending standards and an excessive willingness to borrow, which seemed similar to the Greek government s willingness to take on debt to pay lavish pensions.

CAMBRIDGE The United States Supreme court recently struck down limits on the freedom of companies to spend money on political elections. Large, publicly traded companies in other countries also often face lax limits on their use of corporate resources to influence political outcomes, fueling fears that the interests of shareholders will trump those of other groups, such as consumers and employees.

With so many dollars going abroad, the American economy should have been in a much weaker shape than it appeared. But, much as the Bush administration tried to hide the true costs of the war by incomplete and misleading accounting, the economy s flaws were covered up by a flood of liquidity from the Federal Reserve and by lax financial regulation.

It would be unrealistic to think that the FSB could direct countries to strengthen their regulation, but it should have some form of arbitration power analogous to that held by the World Trade Organization. So, if a country is thought to be operating a lax regime to attract mobile international business, the FSB could expose that behavior and publish its conclusions.

Concerning the employment of children under 14 years of age in the informal sector as domestic workers or agricultural labourers and the lax practices of the labour inspectors responsible for reporting such cases, the Government indicated that a programme to reinforce the intervention capacities of labour inspectors had been designed within the framework of the ILO IPEC project, and that it would soon be implemented.

Yes, Silicon Valley is still admired as a source of invention and creative destruction but it is also widely viewed as having lost its ethical compass. With proliferating reports of lax attitudes toward data privacy, wanton disregard for the dignity of the less fortunate, and a growing sense that technology companies are pushing their preferred policy agenda on the rest of the world, discontent and disillusion are rising.

The United States Federal Reserve, which helped create the problems through a combination of excessive liquidity and lax regulation, is trying to make amends by flooding the economy with liquidity, a move that, at best, has merely prevented matters from being worse. It s not surprising that those who helped create the problems and didn t see the disaster coming have not done a masterly job in dealing with it.

The Fed made major mistakes in the run up to the global economic crisis of 2007 08, most notably by adopting a lax approach to the supervision of key financial institutions, and by allowing some very large banks to become extremely fragile. In one of the great ironies of modern American politics, the post crisis Dodd Frank financial reforms of 2010 actually gave more power to the Fed, mostly because other US regulatory agencies were regarded as having done a worse job.