But that is only possible because he is entrenching
more austerity on other parts of government spending.
Bond holders, banks, and IMF bear responsibility for having made irresponsible loans to Greece, so it is not right for them to force yet
more austerity on Greece, says Michael Hudson.
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).
As Scotiabank mentioned in a note last week: «Higher interest rates are going to make the burden of refinancing the debt considerably heavier, and as
more money goes into servicing the debt, it means less money is available to spend
on other things, which could lead to less infrastructure spending and increased
austerity.»
But monetarist politicians single - mindedly blamed the inflation
on not following their
austerity policies even
more stringently and not cutting government spending by even
more!
More governments are now looking at fiscal support, and the focus
on austerity has faded as monetary easing reaches its limits.
To what extent should a country impose
austerity and even depression
on itself —
more than a great recession, an entire lost decade
on itself — simply to pay interest to bondholders who've been financing a fiscal system that hasn't really taxed the rich in Greece?
Entirely dependent
on billions of euros worth of international rescue loans from other European countries and the International Monetary Fund, Greece must impose yet
more austerity measures next month, if it is to keep the money flowing and prevent a default and a potentially disastrous exit from the euro.
To impose
austerity on a society may be unwise, but it is even
more unwise to impose affluence
on a nation through hidden per.
Traditional attitudes toward the natural environment make Indians, like the Japanese,
more disposed than Americans to pursue happiness modestly.15 And almost six decades after his assassination, Gandhi's traditionalist emphasis
on austerity and self - abnegation remains a powerful part of Indian identity.
Any politician can rattle
on about ending
austerity - and by god, politicians of all stripes do these days - but there needs to be
more.
After yesterday's harsh speech from George Osborne promising
more austerity in the next parliament, Cameron made a series of pledges
on income tax, housing and zero hours contracts to sweeten the pill of continued spending cuts.
He is ruffling feathers in Brussels and Berlin by insisting that he will renegotiate the EU's newly agreed fiscal treaty — enshrining budget discipline and
austerity into eurozone countries» national laws and constitutions — to put
more emphasis
on growth and employment.
The risk of inflicting several
more years of
austerity on the British people is a price worth paying for leaving the EU, Iain Duncan Smith suggested last night.
More interesting (although see point one) was his decision (without any Liberal Democrats to blame) in November's Autumn Statement to continue with his pre-election soft - pedalling
on austerity.
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?
The cynical assumption that Labour is following a 35 % strategy of cruising to victory
on the back of disillusioned Lib Dem voters and
austerity politics appears
more convincing by the day.
EU leaders gathered in Brussels
on Monday for
more ritual banging of the euro -
austerity drum, with 25 of the 27 member states agreeing to the Germany - inspired «fiscal compact» treaty — to be signed in March (only the Czechs joining David Cameron in sitting
on the sidelines).
Ireland has twice rejected EU treaties before changing its mind — and that was before
austerity measures were levied
on it, making it considerably
more eurosceptic.
The proposals to salvage the economy being advocated by the IMF call for
more austerity measures — i.e. raising
more revenue and cutting back
on expenditures.
On a final note: if this budget was one of such seriousness and one of
austerity: one in which «we are all in this together... for the good of the nation», why exactly did the majority of Tories laugh, cheer and bay for
more (cuts) when Osborne completed his statement?
They do nothing but bang
on about benefits, so called poverty and the laughably invented meaningless «
austerity» from a government who have just spent even
MORE money, borrowed
MORE money and RAISED taxes again.
On the heels of six years of
austerity budgets dating to 2008, the Executive Budget proposes another year of spending cuts in a host of areas, and lays out a multi-year plan of steep spending cuts that will extend the
austerity measures for three
more years, thus completing an «
austerity decade» for New York.
At present, Hungary is bound by
more than $ 20 billion of loan obligations to the European Union, World Bank and International Monetary Fund - loans conditionalised
on the basis of the country committing to a
austerity programme which has been implemented by outgoing Prime Minister Gordon Bajnai and his predecessor Ferenc Gyurcsany.
Staff numbers have dwindled under
austerity cuts, but prisoner numbers continue to skyrocket as a tough -
on - crime justice secretary stuffs ever
more men and women into a system which long ago reached its limit.
He is seen as different from his competitors, even
more so after the recent vote
on the welfare bill in which the majority of Labour MPs abstained rather than vote against Tory
austerity.
More widely, views
on austerity are mixed.
But he noted that a # 7bn increase — the equivalent of a little
more than 1p
on the basic rate of income tax — would maintain the 80/20 ratio between tax rises and spending cuts that the chancellor has previously set as his target for his
austerity programme.
Johnson said adding together the budget cuts covering the eight years of
austerity from 2010 to 2018, some departments could be forced to provide services based
on a cut of 40 % or
more in their budgets.
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.
But it would come at a price, which will include a demand for an end to
austerity,
more powers and money for Scotland, and another vote
on Scottish independence.
yet we forget they the real social scroungers in that house had that award 15000 you kid me not
more than some have to live
on yes it seems
austerity is only for us plebbs jeff3
You can either pretend, as Labour does, that the government should go
on as before, and hope no one notices the illogicality of promising to spend far less
on much
more; or you can recognise that the crisis of over-spending is really a crisis of over-government and do something about it: progressive
austerity, as George Osborne once defined it.
It's asking its international creditors to provide
more cash, while easing up
on austerity demands.
While the
austerity crisis continues in Athens, expat Jennifer Barclay reveals life goes
on as normal only a day's boat ride from the capital
on the island of Tilos
More
While the parties» positions
on climate change is unlikely to be a decisive factor — immigration,
austerity, and welfare have that
more or less locked - down — it is emerging as one way to differentiate between the candidates.
It adds that despite some EU member states beginning to ease
austerity measures, resulting in
more public procurement projects coming
on stream, competition for project tenders remains tough.
In
austerity Britain, it's unlikely that the OPG will be given the resources to take
on some of the
more radical measures advocated by supporters of law reforms.
But now CV writing service StandoutCV has surveyed 150 employers to find out what they want to see
on your resume - and the consensus seems to be that those who can manage, deliver, improve and reduce (very
Austerity Britain) are
more employable.