However, the monetary authorities will continue to be required to pay attention to the consequences of their actions with respect to our international balance of payments position and the outflow of gold, as well as with regard to avoiding the creation of excessive liquidity in the economy, which would delay the effectiveness of monetary policy measures in the next expansion phase of the business cycle.

He recognized that whatever transformation may be effected in the first stage of an R-stage process, the remaining stages must use an optimal Af-stage policy with respect to the state resulting from the first stage, if there is to be any chance of optimizing the complete process.

`` An optimal policy has the property that whatever the initial state and initial decision are, the remaining decisions must constitute an optimal policy with respect to the state resulting from the first decision ''.

When it is necessary to be specific we say that the optimal policy is an optimal R-stage policy with respect to the feed state Af.

This is the feed state of the subsequent Af stages which, according to the principle of optimality, must use an optimal Af-stage policy with respect to this state.

To extract the optimal R-stage policy with respect to the feed state Af, we enter section R of this table at the state Af and find immediately from the last column the maximum value of the objective function.

Since by the principle of optimality the remaining stages use an optimal Af-stage policy with respect to Af, we may enter section Af of the table at this state Af and read off the optimal policy for stage Af and the resulting state Af.

If we consider a process in which the outcome of one stage is known before passage to the next, then the principle of optimality shows that the policy in subsequent stages should be optimal with respect to the outcome of the first.

1986 — In January 1986, following the rift between New Zealand and the USA in respect of the ANZUS security arrangements Prime Minister Tom Davis declared the Cook Islands a neutral country, because he considered that New Zealand ( which has control over the islands ' defence and foreign policy ) was no longer in a position to defend the islands.

On July 5, 2009, Colin Powell told CNN said that the policy was " correct for the time " but that " sixteen years have now gone by, and I think a lot has changed with respect to attitudes within our country, and therefore I think this is a policy and a law that should be reviewed.

The broad objectives of Ghana's foreign policy thus include maintaining friendly relations and cooperation with all countries that desire such cooperation, irrespective of ideological considerations, on the basis of mutual respect and noninterference in each other's internal affairs.

The protection offered by a liability insurance policy is twofold: a legal defense in the event of a lawsuit commenced against the policyholder and indemnification ( payment on behalf of the insured ) with respect to a settlement or court verdict.

While there have been specific cases in which FBI agents have Mirandized suspects overseas at both Bagram and in other situations, in order to preserve the quality of evidence obtained, there has been no overall policy change with respect to detainees.

The principles of the foreign policy are constitutionally recognized in the Article 89, Section 10, which include: respect for international law and legal equality of states, their sovereignty and independence, non-intervention in the domestic affairs of other countries, peaceful resolution of conflicts, and promotion of collective security through active participation in international organizations.

In this respect, Grant's initial Reconstruction policy aligned with Johnson's policy of pardoning established southern leaders and restoring them to their positions of power.

Since the establishment of the United Arab Emirates in 2 December 1971, UAE adopted a balanced foreign policy based on adoption of dialogue, respect of international conventions, commitment to the United Nations Charter and non-interference of other country's internal affairs, and the settlement of disputes by peaceful means.

Venezuelan oil minister Alí Rodríguez Araque's announcement in 1999 that his country would respect OPEC production quotas marked " a historic turnaround from the nation's traditional pro-US oil policy.

Again displaying his inept administrative leadership, Taft, while not sharing any of Knox's respect for Wilson's ability, deferred to much of Wilson's policy making.

In Germany there was a rapid and general feeling in favor of Gregory, and the princes took the opportunity to carry out their anti-regal policy under the cloak of respect for the papal decision.

" He went on to say, " I'd love to have Congress make its own decisions " with respect to considering repeal.

It should be noted, however, that decisions of the Privy Council before 1 July 1997 on non-Hong Kong appeals, just as decisions of British courts in general, are not strictly binding on Hong Kong courts, for all that such decisions are persuasive and will be treated with great respect by courts of Hong Kong.

However, she argues this a distortion of " a healthy relationship of mutual submission " actually specified in Christian doctrine where " ove is based on a deep, mutual respect as the guiding principle behind all decisions, actions, and plans ".

Stare decisis ( Anglo-Latin pronunciation: ) is a legal principle by which judges are obliged to respect the precedent established by prior decisions.

The idea that a judge is bound by ( or at least should respect ) decisions of earlier judges of similar or coordinate level is called horizontal stare decisis.

By voluntary agreement, archaeologists respect the decisions of the Pan-African Congress of Prehistory, which meets every four years to resolve archaeological business brought before it.

The Council primarily exerted a probouleutic function with respect to the Assembly: it prepared and proposed the decisions which the Assembly would have discussed and voted, working in many fields such as the designation of kings and regents, as of that of the high administrators and the declarations of war.

The Board has sole power to take decisions in respect of loans, guarantees and borrowings.

Deliberative democracy produces less partisanship and more sympathy with opposing views ; more respect for evidence based reasoning rather than opinion ; a greater commitment to the decisions taken by those involved ; and a greater chance for widely shared consensus to emerge, thus promoting social cohesion between people from different backgrounds.

There are many ethical decisions that human beings make with respect to the environment.

In this respect, Proposal 2 is similar to California's Proposition 209 and Washington's Initiative 200, other initiatives that also banned the use of race in public university admissions decisions.

Primarily members of the ruling class, the Legalists emphasized that the head of state was endowed with the " mystery of authority ” (), and as such his decisions must always command the respect and obedience of the people.

This is rooted in society's respect for individuals ' ability to make informed decisions about personal matters.

In their book, The Strategy and Tactics of Pricing, Thomas Nagle and Reed Holden outline 9 laws or factors that influence how a consumer perceives a given price and how price-sensitive s / he is likely to be with respect to different purchase decisions:

Her willingness to question the stale, self-serving decisions of her superiors ( at least prior to the Kir ' Shara incident ), and her respect for Captain Archer position her at the fulcrum of human / Vulcan relations.

The action was heard in Federal Court in July 2010, and the Court dismissed Air Canada's claims against the TPA's decisions of December 2009 and April 2010 with respect to the airport slot allocations.

In the ten years from 1992 – 2002, only 21 decisions had been allowed with respect to New Zealand.

The civil rights and protest movements in the second half of the 20th century marked a remarkable reduction in respect for authority in Western cultures, and greater respect for individual ethical judgment as a basis for moral decisions.

The principle of respect for persons holds that ( a ) individuals should be respected as autonomous agents capable of making their own decisions, and that ( b ) subjects with diminished autonomy deserve special considerations.

It binds the government to a " respect for the rights and freedoms of man and citizen "; proclaims the Charter of Fundamental Rights and Basic Freedoms an " integral component of the constitutional system "; establishes the republic as a democratic, law-abiding state, deriving its sovereignty from the people ; says that " majority decisions shall respect protection of minorities "; and enjoins the Republic " to a prudent utilization of natural resources and to protection of natural wealth ".

At higher levels of the hierarchy, praise, respect, recognition, empowerment and a sense of belonging are far more powerful motivators than money, as both Abraham Maslow's theory of motivation and Douglas McGregor's theory X and theory Y ( pertaining to the theory of leadership ) demonstrate.

With him there appears the idea that the pope must limit his activity to ecclesiastical matters, and not intrude in those pertaining to the State, which concern kings only ; that his supremacy is bound to respect the prescriptions of the ancient canons and the privileges of the Churches ; and that his decretals must not be placed upon the same footing as the canons of the councils.

: Based on the results of this inspection, the NRC determined that Entergy-Vermont Yankee ( ENVY ) appropriately evaluated the contaminated ground water with respect to off-site effluent release limits and the resulting radiological impact to public health and safety ; and that ENVY complied with all applicable regulatory requirements and standards pertaining to radiological effluent monitoring, dose assessment, and radiological evaluation.

* Examine, discuss or express an opinion on any matter, either on its own initiative or at the request of the Assembly or other policy organs and make any recommendations it may deem fit relating to, inter alia, matters pertaining to respect of human rights, the consolidation of democratic institutions and the culture of democracy, as well as the promotion good governance and the rule of law.

Many case histories pertaining to liquefaction in sandy soil exist, but few exist with respect to gravel and gravelly sands.