That suggests the pace of public-sector austerity, where possible, needs to be calibrated to the scale of private deleveraging.

ECONOMIST: Debt reduction

The scale was calibrated so that a 100 was a game for the ages.

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For all North Korea's familiar rhetoric, its past actions against the South have seemed carefully calibrated not to provoke a full-scale conflict.

BBC: Anxiety in South as N Korea rhetoric escalates