The Conservative government is backing one of Dyson's proposals, which is to offer tax credits to technology startups, but, with the government in the midst of enacting the steepest budget cuts in a generation to shrink the national deficit, there's not much money for new programs at the moment.
He is probably obliged to back one of the proposals since the hedge funds who dominate the shareholder register may demand an exit.
He was chosen by the Financial Accounting Foundation, the parent of the standards board, which said yesterday that it had backed off one proposal it had floated to try to speed the process -- that of cutting the board's membership from seven members to five.
One proposal backed by Senator Thomas R. Carper, Democrat of Delaware, and three Republican senators also allows trading once individual plants achieve a 70percentt reduction.
One proposal for saving New Orleans calls for building a wall 20 to 30 feet high across the city to hold back the lake water.
Community opposition has already scuttled one proposal.
Labour is backing the proposal.
Barely into the thick of budget negotiations with the Legislature, Gov. David A. Paterson is already backing off one of his signature revenue-raising proposals: taxing soda.
