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jockey pulley English
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Neither side is in a hurry to break the symmetry of interdependent vulnerability, but both continue to jockey to shape the structure and institutional framework of their market relationship.
A disc jockey in his youth, he later worked in some international financial institutions, where he spied for the communists, something he openly admits.
By contrast, when institutions are too weak to offer predictable and acceptable settlements, or to protect existing shares, everyone has an incentive to jockey for a larger slice of the pie.