Sentences with phrase «of public treasury»

In her judgment Justice Shagari agreed with SERAP that «the Federal Government has a legally binding obligations to tell Nigerians the names of all suspected looters of the public treasury past and present.»

He disclosed that those in that category had been advising the government that it should merely ask the looters of public treasury to return the money and go free.

The third is that the same principle you cited applies - «It can only exist until the [majority stakeholders] discover they can vote themselves largess out of the public treasury.»

It can only exist until the majority discovers it can vote itself largess out of the public treasury» - unknown (frequently attributed to Alexander Fraser Tytler or Alexis de Tocqueville).

Not exact matches

Reuters reported on Monday, citing a Treasury source, that Italian authorities will intervene with public money if necessary to ensure the continuity of the bank and to protect clients» savings.

Treasury Secretary Steve Mnuchin reflected on the way he and his wife became viral sensations after recently posing with photos of new dollar bills, acknowledging that he did not know the photographs would go public.

A large share of Italian debt issued under domestic legislation does not have any contract terms and is regulated by an Italian law that gives the Italian Treasury ample latitude to restructure the debt... The composition of Italian public, however, is changing rapidly because in January 2013, Eurozone members started issuing bonds with standardized contract terms.

Tony Sayegh, the assistant treasury secretary for public affairs, said the announcements are «helping shift so much of the misinformation that was put out there.»

She was invited to the White House during President Obama's administration to speak about financial literacy and to moderate a public meeting of the President's Advisory Council on Financial Capability at the U.S. Treasury Department.

If you listen to public chatter, it's going to be a toss - up between Fed Vice Chair Janet Yellen, the long - time favourite among economists, and former U.S. Treasury Secretary Lawrence Summers, whom the Washington Post «s Ezra Klein says is at the top of Barack Obama's short - list.

Judy Foote is minister of public services and procurement, while Scott Brison has been named president of the Treasury Board.

With public support blossoming — the latest Gallup poll shows 58 % of Americans back legalization — it's not difficult to envision another six states opening their arms and their treasuries.

«Treasury Board will not have any discretion to use the funds for any other purpose, as this would be an unauthorized use of public funds,» Farees Nathoo wrote in an email.

[154] In addition, Corzine has served as Co-Chair of the National Commission on Capital Budgeting under President Clinton, Chairman of the Treasury's Government Borrowing Committee and Chairman of the Public Securities Association.

The long - term implication is that investors and the public at large can have more trust in the security and liquidity of the U.S. Treasury bond market.

The effect of transfer payments to the financial sector — as well as the $ 5.3 trillion increase in U.S. Treasury debt from taking Fannie Mae and Freddie Mac onto the public balance sheet — is to support asset prices (above all those of the banking system), not inflate commodity prices and wages.

Their last act before the bubble bursts is the time - honored practice of taking the money and running — paying themselves as large bonuses and salaries as corporate treasuries (and public bailouts) allow.

To put this number into context, the total Treasury debt held by the public today is about $ 15 trillion; a $ 5 trillion revenue shortfall would by itself require federal borrowing equal to one - third of the debt currently in the hands of the public.

She worked as Minister across nine Canadian government departments, and her service included the role of Vice Chair of the Treasury Board and chair of the cabinet committee for public safety, justice and aboriginal issues.

Bloomberg Barclays U.S. Treasury Bond Index is a market value - weighted index of public obligations of the U.S. Treasury with maturities of one year or more.

Instead of the governments taking over the banks as in Europe, instead of steering their lending in the public interest, the Treasury is leaving control over to the same guys who have been mismanaging the credit system all along.

At least this is the argument of the lobbyists who are drafting and censoring laws and signing off on just who is acceptable to run the Federal Reserve, Treasury and other public - subsidy agencies.

The GAO study states that 58 percent of Treasury securities held by the public will be maturing over the next four years.

I got this little nugget from Big Brother The Office of Public Affairs in my inbox just now... U.S. Treasury Department Office of Public Affairs FOR IMMEDIATE RELEASE: December 23, 2009 CONTACT: Treasury Public Affairs [phone] TREASURY RECEIVES $ 45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $ 164 Billion WASHITreasury Department Office of Public Affairs FOR IMMEDIATE RELEASE: December 23, 2009 CONTACT: Treasury Public Affairs [phone] TREASURY RECEIVES $ 45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $ 164 Billion WASHITreasury Public Affairs [phone] TREASURY RECEIVES $ 45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $ 164 Billion WASHITREASURY RECEIVES $ 45 BILLION IN REPAYMENTS FROM WELLS FARGO AND CITIGROUP TARP Repayments Now Total $ 164 Billion WASHINGTON...

Since early 2008, beginning with the provision of non-recourse funding in the Bear Stearns debacle, the Federal Reserve and the Treasury have repeatedly allocated or implicitly obligated public funds to defend the bondholders of mismanaged financial companies.

During the past year, the Audit Committee met with management and reviewed matters that included the Company's risk assessment and compliance functions, information security, public policy expenditures, treasury and investment matters, accounting industry issues, the reappointment of our independent auditor, and pending litigation.

This causes the Treasury to issue fewer bonds, so that the net holdings of bonds by the (non-Fed) public is identical to what it would be with ordinary OMOs.

If one is alert, it is evident that the Federal Reserve and the U.S. Treasury have disposed of the need for Congressional approval, and have engineered a de facto bailout of Fannie Mae and Freddie Mac, at public expense.

Step 5: In the next few years, the U.S. Treasury can be expected to issue up to $ 1.5 trillion in new Treasury debt to the public, taking in much of the $ 1.5 trillion in base money created by the Fed in Step 1.

It will buy $ 600 billion worth of US long - term bonds in the open market, close to 7 % of all Treasury securities in public hands, or about the amount the debt that the federal government will issue over that time period.

Treasury stock - It is a type of stock that is reacquired by a corporation or company to be retired or resold to the public and to potential investors.

He can start by explaining to members of Congress why the Fed and Treasury are alter egos and why remittances from or the assets of the Fed are not valid sources of new public revenue.

That, in light of $ 3.1 billion of missing funds outlined in Chapter Eight of the 2013 Spring Report of the Auditor General of Canada, an order of the House do issue for the following documents from 2001 to the present, allowing for redaction based on national security: (a) all Public Security and Anti-Terrorism annual reports submitted to the Treasury Board Secretariat; (b) all Treasury Board submissions made as part of the Initiative; (c) all departmental evaluations of the Initiative; (d) the Treasury Board corporate database established to monitor funding; that these records be provided to the House in both official languages by June 17, 2013; that the Speaker make arrangements for these records to be made available online; and that the Auditor - General be given all necessary resources to perform an in - depth forensic audit until the missing $ 3.1 billion is found and accounted for.

These were: Foreign Affairs and International Trade (lapse of $ 0.8 billion), National Defence ($ 1.5 billion), Public Safety and Emergency Preparedness ($ 1.4 billion), Transport ($ 2.5 billion) and Treasury Board ($ 1.2 billion).

To replace the Treasury conducting its fiscal operations independently from the banking system, New York banks urged more power over public finances and to establish the Federal Reserve to increase the supply of money (a more «elastic» issue) in response to banking needs.

The Estimates do not include the amortization of discounts on Canada and Treasury Bills and amortization of premiums and discounts on all other debts on public debt charges.

Furthermore, he noted: «If there had been no public debt, and no means of disbursing this large sum [$ 45 million since March 1853 by Treasury bond repurchases] and again giving it to the channels of commerce, the accumulated [sterilized] sum would have acted fatally on the banks and on trade.

The presidential vote of confidence for Powell reflects the White House and Treasury's desire for low interest rates to fund the public debt and support high asset prices, as well as the probability that the Senate will quickly confirm the nominee.

In fact, Mr. Paulson may be guilty of deliberate scuttling of the public interest that, as Treasury Secretary, he is supposed to defend.

Furthermore, when appropriations for education are made directly from the public treasury, they should be granted to politically independent agencies so that government financial support does not become a means for political domination of education.

Deplore as we may the existence of the parochial school, its challenge to the separation of church and state, and its attempted inroads on the public treasury, the fact remains that parochial schools exist primarily because Catholic parents, who pay their public - school taxes, think it worth while to submit to additional cost and often to much inconvenience to see to it that their children receive the religious instruction denied them in the public schools.

«As of May 2011 the largest single holder of U.S. government debt was China, with 26 percent of all foreign - held U.S. Treasury securities (8 % of total US public debt).»

First of all, he was a powerful public official in Ethiopia, overseeing the entire treasury.

Stephen Millar, who ran the global wine operations of Constellation Brands for three years until 2006, says being a public company isn't the right place for Treasury in its current state.

The Australian food businesses owned by Chinese company Bright Food Group are set to form a large part of its initial public offering on the Hong Kong stock exchange, but the company has ruled out making a rival bid for Treasury Wine Estates to expand the operations further.

But now the KKR approach is in full public glare and Treasury — the owner of prized brands such as Penfolds, Wolf Blass, Rosemount and Wynns — is, in effect, on the sale block, a public auction has been set in train provided the price is right and well above the opening salvo of $ 4.70 a share from KKR.

The public announcement of the previously secret KKR proposal came five weeks after it was received, and also after Treasury had publicly rejected speculation during that five - week period about other potential buyers such as Pernod Ricard and Constellation Brands being involved in possible deals.

The substantial upside from a re-booting of Treasury Wine Estates away from the glare of public markets is what attracted US private equity firm Kohlberg Kravis Roberts in the first place to the owner of Penfolds, Wolf Blass, Rosemount and Wynns.

Private equity firm Kohlberg Kravis Roberts intends keeping Treasury Wine Estates chief executive Mike Clarke at the helm should its $ 3.05 billion offer prove successful, but they believe the company needs to be away from the glare of public markets for Mr Clarke's long - term fix - it plans to succeed.

We are happy with the agriculture revolution, the ease of doing business, the anti-corruption war, the employment of youths through the N - Power programme, and the blockage of leakages in the public sector through the Treasury Single Account (TSA).