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If these are long-term investments of at least three years, then wouldn't a more appropriate benchmark be a treasury with a duration of at least three years?
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In August, Mr. Cuomo bolstered his campaign treasury with a "summer celebration of marriage equality" in the Hamptons.
Over the last 3 years Star Wars has diverted some 6 billion dollars from the federal treasury, with a further 10 billion being projected for the next 2 years.
The idea that Mr. Romney left Massachusetts's economy weakened — by destroying jobs and leaving the state treasury with a budget shortfall — is also misleading.
Calvert's personal fortune was secured when he was additionally appointed a "commissioner of the treasury" with a pension of £1,000 pounds sterling and a subsidy on imported raw silk, which would later be converted to another £1,000 pension.
His policies helped him eliminate the state's debt of $7 million and left the treasury with a surplus of $10 million by the end of his term.
Having de-funded American education, bankrupted the treasury with a dumb war, and shredded the safety net, the cynical right has certainly made gains among the ill-educated, who are scientifically predisposed to God, guns, xenophobia, and fear of feminism.
There would need to be a fiscal union, with a treasury and a finance minister capable of intervening in national budgets, and more unified tax and pension policies.
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But the opportunity to buy 10-year Treasuries with a 14 percent yield followed a bear market that had wiped out the value of fixed-interest securities.
The deal is expected to be priced at about 120 basis points more than Treasuries with a similar maturity.
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