Not surprisingly, competition has produced both winners and losers.

Last week's round of Mideast diplomacy produced both winners and losers.

But a series of televised debates in the last two weeks has produced no obvious winners or losers.

One reason is that low interest rates produce losers as well as winners.

Like any other gambling operation, this one produces losers.

Harmonisation of the market will produce winners and losers.

Like all transformations, the emerging order will produce winners and losers.

Up close, it comes in several flavors, each one producing different winners and losers.

As in all political battles, the Ryskamp fight produced winners and losers.

But it's not right to say that this process produces only losers.