Varney asked Stockman about a New York Times column by Nobel Prize - winning economist Paul Krugman in which Krugman argued now isn't the time
for government austerity.
Not exact matches
LONDON — Chancellor Philip Hammond has said that Britain needs a «grown - up» debate over whether pay
for public sector workers should be increased, arguing that the
government must «hold its nerve» on
austerity.
Government austerity turned into a speed bump last year
for Navistar, which makes military vehicles, as well as school buses and long - haul freight trucks.
Investors in the PFC will now prepare to negotiate a restructuring plan — they will likely push
for the
government to take on
austerity measures like cutting costs and raising taxes.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues
for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement
for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®;
austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and
government payers; a larger than anticipated shift in payer mix to more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding
for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other
government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications
for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all,
for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
On paper, the recommendations
for debt relief and reduced
austerity «suddenly evaporate when IMF functionaries coalesce with their ECB and the European Commission colleagues in order to impose upon our
government their chosen policies,» said Mr Varoufakis.
The Spanish
government has been noteworthy in its pursuit of well - directed actions to address Spain's debt and banking - system problems, and the Spanish public has demonstrated an understanding of the need
for austerity and reform measures.
He said he would rather «cut off his arm» than accept another
austerity bailout without any debt relief
for Greece, adding that he was «quite confident» the Greek people would back the
government's call
for a no vote.
Either it means that other members of his party — the finance minister, who is against the referendum — will come in and not hold a referendum at all, and try to keep Greece on the
austerity plan, or there will be a fall in the
government, a no - confidence vote, and people will presumably vote
for the Conservative Party, which is very much like the Republican Party in the United States.
In a polarising referendum called by the radical leftist
government of Alexis Tsipras at only eight days notice, Greeks voted by more than 60 % to 40 % in support of the prime minister, spurning the extra
austerity demanded mainly by Germany and the International Monetary Fund in return
for an extension of bailout funds.
«The Greek
government — somewhat surprising
for a self - professed reform and anti-
austerity government — seems to have merely agreed to impose a lot more
austerity through higher taxes, but offers relatively little commitment to genuine economic reform.»
The markets generally have continued to stabilize after the Greeks appear to have backtracked in their willingness to accept certain
austerity measures as a condition of further financial assistance and the measures that the Chinese
government instituted to bolster her failing equity markets appear to have worked
for the moment.
The shares have been weak, like we have seen
for many European industrial companies, because investors fear that
government austerity programs may precipitate a European recession.
B.C. taxpayers can't afford these sorts of sweetheart deals in a time of
austerity, especially when the Minister of the Environment admitted that the fees paid by Nestle and oil and gas companies likely wouldn't even pay the
government's bill
for administration related to the legal changes.
Many analysts have long flagged a similar pitfall
for the ECB's purchasing program, namely a scarcity of eligible bonds, as issuance from member
governments has been restricted by their
austerity - driven policies.
Unfortunately, we are destined
for population contraction and an age of
government austerity that could last
for a generation.
Group chairman Paul Rayner used the firm's annual general meeting to warn that demand
for its wines in China was «softening, as a result of the leadership change and well - documented
government austerity measures».
It also said a slowdown in China, where the
government has imposed
austerity measures which have curbed demand
for higher - priced wines, had worsened in the past few months.
«The UK
government will effectively be asking taxpayers to pay a Westminster premium to crowbar a modern parliament into a Victorian building at a time of
austerity when Tory policy is hitting some of the poorest in society, and political uncertainty when this UK
government has no plan
for the UK outside the European Union.»
Appropriately enough
for a politician who was at the heart of an age of
austerity coalition
government, Sir Vince Cable's new office on the third floor of Portcullis House is spartan.
Money allotted
for free council newspapers may become a victim of
government austerity, Eric Pickles has announced.
We must not forget now trainee journalist George Osborne's threat to wage further
austerity on the poorest if the UK chose to leave the EU — nor our previous
governments» ideological adherence to slashing any and all public services, whether the NHS, the fire service and community policing, or even free school meals
for children.
Mahmoud Abbas has been threatening to dismantle the Palestinian Authority over and over since April 2010, saying he would hand over «the keys»
for the occupied West Bank to the Israeli
government; while in 2011, Greek Prime Minister Papandreou threatened to leave the Eurozone and called a popular referendum on
austerity measures, which implicitly questioned membership in the euro zone.
For all Ed Miliband's talk of restructuring the British economy and creating a responsible capitalism, the party's position on the core issue of the deficit was dangerously muddled: after three years of opposing «
austerity», the Labour leadership spentthe run - up to the election trying to minimise its differences with the
government.
Treasury sources suggested international organisations had recommended extending the
government's
austerity drive
for an extra year would be more effective in retaining the confidence of the markets.
Otherwise known as «expansionary
austerity», EFC predicts that a major reduction in
government expenditure will change the future expectations about taxes and
government spending and will thus create the space
for the expansion of private consumption, which, will in turn, revive the fortunes of the economy.
So, will the
austerity programme of the Cameron
Government make the Tories unelectable
for a generation?
In the UK, a Conservative — Liberal Democrat coalition
government elected in 2010 began a strong
austerity drive by halting and reviewing all major IT contracts, squeezing IT suppliers
for costs reductions, cutting back consultancy and instituting stringent requirements
for the launching of any new
government IT innovations.
«Official forecasts will show George Osborne's emergency Budget hitting growth and costing jobs in the short term,
government sources said last night, but the
austerity measures will also create a brighter climate
for the economy by the end of the parliament.
Voting
for Corbyn then becomes a free hit: if Labour can not become a party of
government any time soon, why not make it a more effective party of opposition that takes on the Tories»
austerity agenda and unite it on that basis?
They have since U-turned on both the timing and the scale of the
austerity measures; Cable claims he was persuaded of the case
for deep and early cuts, «not by other politicians, but by talking to the most senior officials in the
government and the central bank [who said] that we had to act».
Use the
austerity agenda to re-engineer
government towards a progressive state designed
for the challenges of the 21st century.
Those who had previously called
for sweeping cuts have watched on with dismay, bitterly aware that most
governments struggle to extend the political will
for austerity drives beyond their first two years.
His plans to ensure a future Labour
government would make the economy work
for everyone, not just the top one per cent, was a refreshing change to the
austerity - lite that Labour had previously offered.
Greeks have witnessed discussions shift from $ 1 billion in additional measures (last proposal put forth by the New Democracy - PASOK
government following demands from creditors), to over $ 10 billion in additional measures last month, to today's «Greekment» according to which Greece will undergo harsher
austerity (
for next three years) than at any other point since the crisis began.
The reality is that it is not a question of
austerity vs generosity as that would be a gross over simplification but rather what is the most effective way
for a
government to spend the resources it has available and this comes down to complex fine details rather than slogans or internet memes.
He uses it first to prevent any new spending commitment, having put aside the understanding of the damage caused by
austerity that he showed in his Bloomberg speech in favour of a preference
for building an image of fiscal conservatism — though by doing so he has allowed the
government to win the battle
for public opinion.
As the Tories have little popularity (the second lowest popular share of the vote
for any
government) it has been necessary
for this project that there is a pretence that this not a return to
austerity, after the boost to consumption that helped the Tories get re-elected.
To reshape
government from the bloated waste and broken assumptions of an age of irresponsibility to the new rigours of an age of
austerity - so that it serves the people who pay
for it.
The
austerity government, with its mean - spirited and ideological rhetoric on welfare and love of privatisation, has created the perfect environment
for Scottish independence to thrive.
In this climate of
austerity and the need
for public sector cuts, when so many are worried about the possibility that nurses, teachers and other such essential workers will be forced out of work as
government tightens its belt, it is worth noting that # 2.8 billion of taxpayers» money was spent on consultancy fees in 2005 - 06 alone.
There will be time enough to steer the heart of the party later but,
for the moment, we must accept that our leftwards shift has failed and that we now urgently need to move forwards - because time is a luxury that those suffering under this
government's dogma - driven policies of cuts and
austerity simply can not afford.
«The
government decided unilaterally to impose
austerity measures without consultation, and public workers have not been paid
for months.
Hammond has loosened Osborne's fiscal rules, but he will press ahead with most of the pre-planned
austerity measures — though the tax credits rebellion forced the
government to promise not to look
for fresh savings from the welfare bill in future years.
A ComRes poll
for today's Independent has shown that 72 % of the public would like to see a change in the
government's flagship
austerity program.
The
government is preparing
for a pitched battle with unions, who have declared a campaign of co-ordinated industrial action in opposition to the
austerity drive.
TUC general secretary Brendan Barber said that the
government's
austerity policies like tuition fees and the scrapping of the EMA have made things worse
for young people.
The
government should prepare itself
for «sustained war» with the trade union movement as
austerity Britain starts to bite, leaders have warned.
With five more years of
austerity to go, let's watch the polls
for green shoots in public confidence in the economy, as well as movements in ratings of the competence Osborne and the
government.
He compared the attempt to derail the
government's
austerity agenda, motivated by a bid to reduce Britain's structural deficit, with the votes
for women, civil rights and anti-Apartheid struggles.