The so - called austerity programs of bailout # 1 have not been fully implemented, and none
of the austerity from bailout # 2 has been implemented.
It is vital that the momentum to introduce a mansion tax is kept up, in order to shift the burden
of austerity from the poor to the wealthy.
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.
Behind the camera, the two films show off a surprising level
of austerity from their respective makers.
Not exact matches
That would cushion the lending banks
from shattering hits, and could be combined with a modification
of austerity based on longer working lives, a step most countries, including the United States, are going to have to take.
Germany's fellow euro zone members are unlikely to welcome the spending blueprint either, as they had hoped the Social Democrats, part
of Germany's governing coalition, would steer the EU's economic powerhouse away
from austerity.
The U.K.'s challenges are somewhat different
from Canada's: as a result
of the Conservative Party's
austerity campaign, the U.K.'s economy has suffered more than Canada's, which has taken more
of a Keynesian approach; and the City, as London's financial hub is known, has had a reputation for a much looser approach to regulation than that found in either Canada or the U.S. Tal says the U.K.'s finance sector has to change and he expects Carney will attempt to move it in the direction
of greater regulation.
Lower oil prices should put more money in the pockets
of consumers already emerging
from years
of self - imposed
austerity, says Richardson.
Fatigued by years
of austerity and swayed by promises
of debt relief, Icelandic voters dumped the Social Democrats
from power on Saturday, returning a center - right government that ruled over its financial collapse five years ago.
The
austerity measures on the table include raising the retirement age to 66
from 65 by 2020; slashing university funding by as much as 40 %; and clawing back one - fifth
of funding to police.
In Gordon's view, Britain is not yet facing significant pressure
from bondholders, making the
austerity drive very much about the politics
of the day.
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).
The task
of rhetoric is to divert attention
from the fact that the financial sector aims not to «free» markets, but to place control in the hands
of financial managers — whose logic is to subject economies to
austerity and even depression, sell off public land and enterprises, suffer emigration and reduce living standards in the face
of a sharply increasing concentration
of wealth at the top
of the economic pyramid.
However, what is clear
from the IMF analysis is that without some form
of debt relief, the reforms agreed this week, and even decades more
of austerity, could prove meaningless, and costly for both creditors and the Greek economy.
As well, Flaherty cut in half an Employment Insurance premium hike scheduled for Jan. 1, a move that will cost Ottawa $ 600 million a year, but will leave that cash in the pockets
of workers and companies — a shift
from deficit - shrinking
austerity to stimulus.
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.
The draft legislation is the latest in a series
of income cuts, tax hikes and reforms imposed on
austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink
of bankruptcy and expulsion
from the eurozone — the club
of European Union countries that use the euro currency.
The summary
of their stats for Ontario, in the 11 - year period, 1998 to 2009, was as follows: Private sector: Arbitrated settlements: 28 (50,828 employees) average annual increase: 2.5 % Non-arbitrated settlements: 1,877 (1,658,929 employees) average annual increase: 2.5 % Public sector: Arbitrated settlements: 407 (282,903 employees) average annual increase: 2.5 % Non-arbitrated settlements: 2,842 (2,875,878 employees) average annual increase: 2.7 % This says nothing,
of course,
of the base
from which those increases were granted, particularly after the public sector
austerity in Ontario during the 1990s.
The potential withdrawal
of Greece
from the euro at the very least emboldens left wing / nationalist factions in Spain, Italy, and France, who see the results
of the Greek referendum as legitimizing rebellion against the diet
of austerity imposed by Brussels.
The budget makes it very clear that the government is rejecting an «
austerity» fiscal strategy and instead is prepared do run relatively small deficits (1/2
of 1 %
of GDP), resulting
from investments in both physical and human capital.
Some big ones are: (a) whether the draft PROMESA legislation raises retroactivity issues that make it unfair to bondholders (including mutual funds and their investors) who may be subject to restructuring ex post without having had notice
of that possibility ex ante; (b) relatedly, whether creating a bankruptcy - like restructuring process for Puerto Rico is bad for bondholders because it prevents holdout creditors
from holding up restructuring negotiations, (c) how much oversight and sovereignty Puerto Rico should cede (for example, different stakeholders feel differently about the installation
of an oversight board); (d) the extent to which
austerity measures are feasible and should be imposed [fn1], and (d) and what substantive reforms should be put enacted going forward.
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.
If we compare operating spending by municipalities to GDP, which is a broad measure
of ability to pay, it remains within historical averages
of close to 3 %
of GDP.  In 2012, operating spending by all municipalities in Canada amounted to just 3.1 %
of GDP, the same that it was twenty years ago, and down
from the 3.3 % reached in 2009 during the depths
of the recession.  This ratio was higher during the recession because GDP had dropped and governments sensibly embarked on stimulus spending to prevent a depression. This was before their misguided adventures in
austerity (which presumably the CFIB supports, but have caused devastation to small businesses in countries elsewhere).
We also anticipated gains on the demand side
from a 50 % drop in the price
of oil and less fiscal
austerity from the likes
of Japan, Europe, China and India.
After a number
of surprising twists, the recent Greek drama finally took an expected turn Monday, with news that Greece and its creditors struck a tentative deal — $ 96 billion USD in aid
from Eurozone leaders in exchange for tough
austerity measure — that would seemingly avoid a Greek exit
from the euro currency.
With these straightforward, if still painful, solutions closed off it may take a muddle
of austerity, higher taxes, debt writedowns and perhaps guarantees
from Washington to help fix the mess.
Industrial capitalism has passed through a series
of stages
of finance capitalism,
from Pension - Fund capitalism via Globalized Dollarization and the Bubble Economy to the Negative Equity stage, foreclosure time, debt deflation, and
austerity — and now what looks like debt peonage in Europe, above all for the PIIGS: Portugal, Ireland, Italy, Greece and Spain.
European equities have garnered a fair share
of attention lately as leading indicators suggest economies in the region are starting to recover
from years
of crisis and
austerity - induced recessions.
After a contentious period
of negotiations, the odds
of a so - called «Grexit,» or Greek exit
from the euro, were drastically reduced as Greece begrudgingly accepted an
austerity program and Germany gave the European Stability Mechanism the green light to negotiate a third bailout.
Growth in most
of the eurozone has remained tepid and reliant on continued central bank stimulus, though the European Central Bank's (ECB's) bond - purchasing program has been hampered by a scarcity
of eligible bonds, as issuance
from member governments is restricted by their
austerity - driven policies.
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.
The strong vote the weekend
of July 4th against
austerity in Greece increases the odds
of a «Grexit» or Greek exit
from the eurozone, in our view.
The current German politics
of imposing
austerity measures on the rest
of Europe stems
from the tradition
of what Adrian Pabst memorably termed «Kantian morality
of context-less duties, Weberian statecraft void
of virtue, and Bismarckian quasi-military management
of citizens through centralised welfare.»
While it is regrettable that he never made his peace with Italian classicism» one wonders what Cram might have learned
from the delicate
austerity of Florentine arcades or the freewheeling geometric brilliance
of Borromini» his early embrace
of the Mexican Baroque (spurred by his partner Goodhue), his late interest in the Iberian Renaissance, and his numerous forays into American colonial revival show he was no mere Gothic fanatic.
But he is no zealot, eager to practice child - sacrifice or insensitive to the horror involved; this we learn
from the austere, steady, and dignified way he proceeds, as indicated by the simplicity, compactness, and
austerity of the verbs used to recount his actions: He arose, saddled (his ass), took (two youths with him and Isaac his son), cleaved (wood for the burnt - offering), rose up and went.
It seems to my perceptions that you might be having a personal identity conundrum... Speaking
from experience; many folks seem unable to cope with individualized rationalizing complexities... Giving up attempting, toward understanding social
austerities which encompass individualism, gives people their identification
of oneness... Individualisms are set upon the relativities
of quaint somberness issues in daily moderations... Religious identities are as emotionalized labels giving people an ability to pause and reflect upon judgmental reasoning... Whether or not, religious agendas are servicing and served with ever those willing to serve...
But they who by sacrificial offering, charity, and
austerity conquer the worlds, pass into the smoke (
of the cremation - fire);
from the smoke, into the night;
from the night, into the half month
of the waning moon;
from the half month
of the waning moon, into the six months during which the sun moves southwaid;
from those months, into the world
of the fathers;
from the world
of the fathers, into the moon.
And, as the prophets later saw, all this presented two focal points
of peril to the best traditions that had come
from the desert: it substituted for the old
austerity the alluring licentiousness
of baal worship, and it sanctioned the commercial inequalities and tyrannies, which the baals
of sophisticated Canaan sponsored against the ancient ideas
of social solidarity, equality, and justice for which Yahweh stood.
He read the Lives
of the Fathers and wondered at the
austerities of the desert hermits: «I used to imagine such a saint, who would live in the desert, and abstain
from food and drink and live on a few vegetables and roots and cold water.»
But after he had seen, despite every effort to keep him
from doing so, the ugly facts
of sickness, poverty, old age and death, he finally renounced his princely home and comfort, even a new - born son and his much loved wife, Yasodhara, and went out into the world to become, first, a wandering mendicant seeking by
austerity and ascetic practices to find release.
Plenty
of noise
from everywhere about how we were going to spend big and the
austerity days were over but based on what?
As
from 2013 to date the club has been steadily adding big name players while retaining key players, something that could not happen during the period
of austerity.
Then came the period
of alleged financial
austerity following move
from Highbury to a newly built modern stadium.
From outgoing Greek Prime Minister Papandreou's torpedoing of the G20 by his «bolt from the blue» referendum call, swiftly withdrawn under outraged pressure from the Merkel - Sarkozy tandem, to Italy's Berlusconi teetering on the edge, then announcing he will resign and abandon his attempts to cling to power, to Sarkozy himself introducing larger than expected «austerity» cuts despite the upcoming presidential election in 2012 — politics is b
From outgoing Greek Prime Minister Papandreou's torpedoing
of the G20 by his «bolt
from the blue» referendum call, swiftly withdrawn under outraged pressure from the Merkel - Sarkozy tandem, to Italy's Berlusconi teetering on the edge, then announcing he will resign and abandon his attempts to cling to power, to Sarkozy himself introducing larger than expected «austerity» cuts despite the upcoming presidential election in 2012 — politics is b
from the blue» referendum call, swiftly withdrawn under outraged pressure
from the Merkel - Sarkozy tandem, to Italy's Berlusconi teetering on the edge, then announcing he will resign and abandon his attempts to cling to power, to Sarkozy himself introducing larger than expected «austerity» cuts despite the upcoming presidential election in 2012 — politics is b
from the Merkel - Sarkozy tandem, to Italy's Berlusconi teetering on the edge, then announcing he will resign and abandon his attempts to cling to power, to Sarkozy himself introducing larger than expected «
austerity» cuts despite the upcoming presidential election in 2012 — politics is back.
The gloomy headlines about life in
austerity have become all too familiar reading over recent years, but what have the pressures on household budgets really meant for family life, and could some
of the long - term impacts have been hidden
from view behind the front door?
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.
It is not enough to show how Tory
austerity has threatened the security
of families and communities — we need to create a positive narrative that sets us apart
from the cynicism and individualism that dominates current political discourse.
Trident involves a nuclear priesthood with an archaic language and doctrine stuck in a past conflict that matters little to most
of the electorate, protected
from the ravages
of austerity by a political class out
of touch.
It also included an evening session going beyond economics and political science to look at how times
of fiscal
austerity were reflected in film, cartoon and gallery art, with experts exploring these issues
from the perspective
of social history.
At the same time, though, diplomacy is getting weaker because
of austerity, because
of Iraq and Afghanistan, because
of a sort
of inward - ness in Europe — look at the Brexit debate — and there's a retreat generally
from world leadership on lots
of issues by the leading power.