1. After all, the Conservatives – like the Labour Party – have endured wilderness periods before and managed to reinvent themselves and attune their values to the national mood.

2. This would attune them with their bodies and help them notice changes, and they could then, in certain cases, get help well in advance of actually wanting to have children.

3. Separately, the pope noted South Korea‘s notable successes in scientific research and development.‘‘ But he said such research must be carried out with firm ethical standards‘‘ that always respect the dignity of human life. The destruction of human embryos, whether to acquire stem cells or for any other purpose, contradicts the purported intent of researchers, legislators and public health officials to promote human welfare,‘‘ the pope said. I pray that the inherent moral sensibility of the Korean people, as evidenced by their rejection of human cloning and related procedures, will help attune the international community to the deep ethical and social implications of scientific research and its utilization,‘‘ the pontiff said.

4. Financial regulation must also continuously attune to market developments. Markets are dynamic, innovative, and creative human endeavors that produce new ways to deal with risk. They are to be encouraged. There is no doubt that over the last few decades or so, derivative instruments play a much larger role in financial markets than we could have ever anticipated. Derivatives disaggregate risks and make markets more efficient. In the US, we have monitored these developments closely, but taken a light regulatory approach, instead relying on counterparties. Were the government to regulate derivatives, we are concerned that counterparty due diligence could be diminished. If it were, it is hard to see how government regulation could supplant it.