A friend of President Obama and a reliable fund-raiser for him, she was reportedly under consideration for an ambassadorship, a possibility that sent shivers through the executive corridors of Condé Nast.
They argue that the tax would guarantee a reliable funding stream and that using general revenues for the orphan fund undercuts the basic "polluter pays" principle.
"The proposal would substitute a reliable funding source with an undetermined, and wholly unreliable, commitment," said Mr. Lhota, who, by the way, used to be a deputy mayor under another wild-eyed socialist, Rudolph W. Giuliani.
"We have to have a permanent, reliable funding stream for civil legal services.
To help customers obtain reliable fund information, Wallstreetoffshore expects by the end of September to provide standardized data of the funds' performance and costs, supplied by an as-yet-unnamed data firm.
A steady and reliable funding base is critical for organizations like the Global Fund to support the kind of long-term projects that have the most substantial impacts.
A high household participation rate contributes to the liquidity of capital markets, and liquid capital markets allow firms to have a reliable alternate funding channel to traditional banking.
Encouraging ordinary people to invest in renewable energy taps a large source of reliable funding for projects.
But he said: "My proposal dramatically scales back our expectation of the level of funding in return for more reliable funding and a seat at the table in the management of such fund".
High pay and benefits, opportunities for personal growth in a future-oriented industry with reliable funding, and job security also feature as benefits of employment by companies in the field.
The growing role of private funders has coincided with the decline of traditional political parties, which for long served as a crucial transmission belt for reflecting diverse public sentiments and reliable fund-raising machinery for candidates, who supported a fairly coherent set of policies and stood for specific set of principles and values.
