Not exact matches
The Department of
Finance attributes the increase in
public debt charges
due to inflation adjustments
on real return bonds and a higher stock of interest - bearing debt.
It's a near certainty with the island likely to record its first default
on August 1st (the commonwealth failed to make the necessary deposit to cover debt of its
Public Finance Corporation
due August 1st), and with the governor's Economic Recovery Working Group expected to make reform recommendations by August 30th.
 The Harper government's decision last year to write off every penny of the auto aid and thus build it all into last year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (
on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the budget
on the revenue side. Jim Flaherty has learned from past
Finance Ministers (especially Paul Martin) that it's always politically better to make the budget situation look worse than it is (even when the bottom has fallen out of the balance), thus positioning yourself to triumphantly announce «surprising good news» (
due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news» for Ottawa in the years to come (depending
on the ultimate worth of the
public equity share).
It could be
due to a range of factors, the scientists say, from «a well -
financed opposition» to the Cape Wind project
on Cape Cod, to increasing
public awareness and concern about changing climate and «global warming,» to health impacts and the recent electricity rate hikes in Delaware.
These funds already have pipelines of projects
on which they have conducted
due diligence, and participants suggested investments from international
public finance sources could have the additional benefit of «crowding in» other investors.
All of this nonsense is overseen by an industry that constantly claims that it can govern itself (
on behalf of the
public interest)
financed by its own in - house actors, of whom there are too many amateurs and of whom there are not enough professionals...
on a constantly rotating basis... like a merry - go -» round of city - slicker children constantly jumping onto a fast moving bucking bronco brigade and very soon thereafter being bucked off either by centrifugal G - forces or by too rough a ride... only to have their still warm saddles occupied by others waiting to be hurled off those same said seats like sideways leaping gnomes... after their
dues, I mean, ticket prices, have been paid to the operator (Organized Real Estate).