However, clients often overplay
the level of austerity the divorce will mean for them, which can leave them feeling hopeless to a degree that is out proportion with their financial reality.
Behind the camera, the two films show off a surprising
level of austerity from their respective makers.
So given
the level of austerity implicit in Balls commitment to balancing the buget by 2020, what will the Local Authority finance settlements be for 2016/17?
First: widespread layoffs, lower budgets, new
levels of austerity, and a shift in the corporate culture.
Rachael Pogois, vice-chairwoman on the council of St Andrew's International Church in Athens, said she was «very, very concerned» about the upcoming
levels of austerity which would come with the financial deal.
Not exact matches
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).
Italian consumer confidence tumbled to its lowest
level since 1996 in June, as residents in the euro zone's third - largest economy fretted about their future in the wake
of tax increases and
austerity measures.
Despite the difficulties endured during the era
of post-Lehman
austerity, commercial and private - sector debt
levels are low: Nonperforming loans are below 5 % and the banking system, unlike those
of Poland or Hungary, did not have to tackle the fallout from high
levels of foreign currency loans, because low interest rates and a stable Czech koruna meant these weren't taken up in large quantities.
Since 2010 mainly northern Labour - led councils have complained bitterly that they have been unfairly squeezed by
austerity while southern Conservative - led councils have had nowhere near the same
level of cuts imposed on them.
The recent indicators point to a slower pace
of economic activity and the Tory government is about to embark on
Austerity Mark II, in nominal terms exactly the same
level of cuts and tax increases as the # 37 billion George Osborne announced in 2010.
In the age
of austerity, where we'll be asking frontline public sector workers to help us keep pay
levels down we can not leave the pay
of public sector bureaucrats untouched.
So, sorry, whilst I don't as a matter
of unconditional principal, deny that sometimes «devolution» can be inevitable (eg, Wales and Scotland), even desirable, but as with the very cynical, divide and rule, and destroy, motivation behind the regionalisation
of the NHS, and the current «Northern Powerhouse» structures which draw Labour politicians into
Austerity collaboration at an intimate local
level, there is very little to be said in the favour
of most «devolutionary» developments today from a radical socialist perspective.
«In this period
of austerity, national economic uncertainty, unpredictability
of federal funding, and rising social service costs there is an increasing risk that funding for infrastructure investments will be curbed to dangerous
levels,» Ravitch said in a press release.
According to him, the Mahama administration had gone into an IMF package which the consequences were
of very high
level austerity.
Those communities have taken the full force
of austerity... Those areas that have the deepest poverty, the highest
levels of unemployment have also had the biggest cuts in central government support.»
Instead, Cuomo proposes an
austerity budget that is $ 2.7 billion less than was projected to maintain existing
levels of services.
If Gov. Cuomo's signature tax cut stands, a family making $ 40,000 this year will pay the same tax rate as one that makes $ 40 million a year, forcing more and more service cuts on top
of those that have already been
leveled over the last three years
of austerity.
We have emerged from the darkest days
of recession -
level austerity.
A Welsh Local Government Association spokesman responded: «During a period
of austerity it is prudent to maintain an appropriate
level of reserves, however this needs to be balanced with securing as much value as possible through investment in schools and delivering outcomes for pupils.
«There is no reason why in a society which has reached the general
level of wealth which ours has attained [NW note: Hayek was writing not in prosperous post-war America, but in war - torn,
austerity - ridden Britain in 1943] the first kind
of security should not be guaranteed to all without endangering general freedom.
Global clean energy investment in the first quarter fell to its lowest
level in four years, driven by cuts in tax incentives at a time
of austerity, according to a separate report by Bloomberg New Energy Finance this week.
«But as things get worse for Ontario's workers we've seen new
levels of cooperation between injured workers, advocates, legal experts, labour unions, doctors and more, all coming together to fight against Ontario's
austerity programs
«But as things get worse for Ontario's workers we've seen new
levels of cooperation between injured workers, advocates, legal experts, labour unions, doctors and more, all coming together to fight against Ontario's
austerity programs and fight for just compensation.»
Unison shows that the tide is turning on the policies
of austerity, and it would not be altogether surprising if court fees at the current
level faced renewed opposition as a result.