Not exact matches
Syriza,
which broke a two - party - led system, has disappointed some
on the left for implementing
austerity measures and the reputation of the mainstream parties remains damaged following what is perceived as years of failed promises.
Perhaps it's not quite the
Austerity Games yet, but we are already at the point when very few countries in
which the leadership is accountable to its populace will take
on the financial and political risk of staging the Olympics.
In December, the company,
which chooses the year's top words based
on out - of - the - ordinary spikes in interest, announced that «
austerity» clinched the top spot in 2010.
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.»
Nevertheless, unemployment threatens the American economy,
which is still
on life support, and any gains in U.S. oil demand will have a tough time making up for ongoing stagnation in Japan, European
austerity and Chinese curbs
on inflation.
Tsipras is campaigning for a no vote in the referendum
on Sunday,
which is officially
on whether to accept a tough earlier bailout offer, to impress
on EU negotiators that spiralling poverty and a collapse in everyday business activity across Greece has meant further
austerity should be ruled out of any new rescue package.
Russia has been subjected to a hyperinflationary
austerity similar to that
which has been imposed
on Latin America and Africa for over thirty years.
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.
But their agenda is to make the economic polarization between creditors and debtors irreversible, ushering in a Dark Age of
austerity and deepening debt peonage in
which wages, profits and property rents are earmarked to pay interest —
on loans that can't be paid in a shrinking economy.
If you can keep your head when all about you are losing theirs and blaming it
on you If you can trust yourself when all men doubt you but make allowance for their doubting too This is inevitably followed by bursting into a German song about a fox stealing a goose (
which suddenly somehow reminds me of
austerity demands
on Greece): «Fuchs du hast die Gans gestohlen, Gib sie wieder her!
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).
Low oil prices are taking a heavy toll
on Saudi Arabia's economy,
which is facing even greater
austerity under deputy crown prince Mohammad bin Salman Al Saud's plans to raise $ 100 billion a year from subsidy cuts and new levies.
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.
Pressure is mounting
on the Prime Minister and Chancellor to relax
austerity, with several Tory MPs calling for an end to the pay cap after the party disastrously lost its majority in the General Election to anti-
austerity Labour,
which has pledged to scrap the 1 per cent ceiling.
«It lies with a government
which has obsessively pursued
austerity, regardless of the misery it has wreaked
on the most vulnerable in our society.
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.
The government guarantee of 0.7 % of GDP
on aid spending,
which functions as a litmus test of the Conservatives» moral responsibility in an age of
austerity, also creates perverse incentives.
Cameron, like Mrs Thatcher before him, will continue the demonisation of the Labour Party as the Party of the «profligate» and «incompetent», but he must present, if he has any real expectation of reelection, a positive Tory vision of the future,
which is flagrantly missing in the emphasis
on austerity.
Geoffrey Howe's 1981 Budget is oft - sighted as the acme of fiscal prudence and
austerity,
which was punitive and unpopular in 1981, but for Thatcherites it ensconced a taxation system and a restraint
on public spending that ushered in the «age of prosperity» in the mid-to-late 1980s.
Indeed, one justice minister admitted that the cuts were made urgently and without time for research, in fundamental contradiction to what international human rights law and standards require,
which is a thorough assessment of the likely impact
on people and their human rights prior to the introduction of retrogressive
austerity measures.
For signing up to the Conservative's
austerity agenda and reneging
on its pledge to scrap university tuition fees, the party saw its poll ratings plummet, routinely struggling to hit 10 % — this after the halcyon days of the 2010 campaign, during
which some polls even had them in the lead.
Text of my review of George Osborne: The
Austerity Chancellor by Janan Ganesh,
which appeared in the Guardian
on Saturday.
The Republicans are also trying to pass tax cuts,
which mostly benefit the wealthy immediately, at the same time they are pushing
austerity on the spending side.
11:56 - I wonder
which of the following weak spots David Cameron will zero in
on this week: Ed Miliband's contortions following the anti-Syria intervention vote, his shadow chancellor's decision to slowly U-turn
on austerity, or the fact the GMB are pulling their most of their funding from the Labour party.
A vote for the Liberal Democrats,
on the other hand, is a vote for a party
which — wherever we're in power — does it's best to spread the burden of
austerity fairly, investing in jobs and help for hard - pressed families.
But he was not unhappy enough to decline to go along with a deal
which removed the possibility of critics of
austerity having any impact
on policy.
People deserve leadership
on Brexit, the biggest issue of our time —
which will fundamentally impact
on our ability to end Tory
austerity, reduce inequality and poverty, and spread opportunity — and we have yet to see it.»
He finished by lacerating the «
austerity driven by an outdated dogma»
which was
on offer from the opposition.
Chris Keates: «Once again we see the stark reality of the Government's economic
austerity policy and deregulation
which is impacting adversely
on the provision of vital public services».
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?
It remains the greatest source of social misery
on the continent — requiring intense
austerity in countries such as Greece, and causing terrible youth unemployment across southern Europe from
which millions will suffer lifelong scars.
«After years of
austerity which have increased pressures
on schools, the funding reforms must be managed in a way that does not add to the existing pressures
on schools or result in «knee - jerk» responses that increase the burdens placed
on teachers.
Some MPs are concerned that his radical stance of facing down corporations and taking
on Tory cuts will have little resonance in areas where Labour is facing a tough electoral challenge from Ukip; but asked if the party should tailor its message for different audiences, Corbyn said: «No: you've got to give fundamentally the same message, of the injustice of economic
austerity, and the way in
which local government is being punished».
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.
And whilst Fianna Fail's vote had marginally recovered from their last general election collapse as a result of their own
austerity policies and the catastrophic economic situation
which saw the public pay the price for the bank bailouts, the population were clearly not returning in significant numbers, and
on the contrary were turning against the right wing establishment parties.
All of that remaining cash will be saved in the 2015/16 financial year - that extra 12 months of
austerity which the coalition has now, reluctantly, decided to push
on with.
That comes
on the back of this week's Ed Balls speech,
which seemed to accept the core tenants of
austerity and accept the end of universal welfare by means testing the winter fuel payment.
Britain has reacted warily to a bailout deal
which opponents say will force
austerity on Greece for years to come.
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.
Election defeat
on the basis of socialist principles is always preferable to a «Labour» govt
which is pursuing an
austerity programme and is thoroughly anti-working class and anti-socialist to its core.
Mr. Cuomo, a Democrat who was re-elected last fall, has prided himself
on fiscal
austerity, capping state spending increases at 2 percent,
which — considering increases in education and Medicaid — means «the rest of the state budget basically has to be zero,» the governor said in January.
«Eight years of Tory
austerity,
which Labour will bring to an end, have had a disastrous effect
on our vital public services and workers have paid a heavy price in the cost of living and their working lives.
Appearing
on the Andrew Marr show, he said: «We're going to put down a substantial amendment to the Queen's Speech
which will contain within it the main points of our manifesto, and so we'll invite the House to consider all the issues we put forward
which I've mentioned - jobs - first Brexit, mention the issues of young people and
austerity, there's many other things.»
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.
The results provide the most comprehensive and up to date picture of the effect of the economic downturn
on Greece,
which received its first bailout of $ 110 billion in 2010 with strict conditions including tough
austerity measures; privatisation of government assets; and dramatic changes to the country's industries and government.
Austerity dominates in the 2014 national budget bill,
which was submitted to parliament
on Monday morning.
And the public is beginning to see the picture,
which is that their schools are being starved of resources, the schools are
on an
austerity budget, but there's plenty of money for vendors and testing.
At the time of this reporting, CPS has not provided Substance with information
on how to contact the «Faith Based Community» that paid for the expensive catering at a time when CPS claims it is facing an
austerity budget
which required it to refuse to pay the four percent raise guaranteed by union contracts to members of the Chicago Teachers Union and other unions representing CPS workers.