If the federal debt limit is not raised, several governors said as they gathered here on Friday for the semiannual meeting of the National Governors Association, the ensuing default will harm the economy, make it difficult for states to borrow money and delay some of the vital federal payments that states count on for everything from Medicaid to unemployment benefits.
Mr. Pataki wants to keep his reputation as a tax-cutter too, so his offer of help to New York City comes mainly in the form of one-shot money Mayor Bloomberg was already counting on, in additional payments from state-run authorities.
On Monday, Dubai World made it clear that MGM shouldn't count on future payments from the investment company by filing suit against its business partner with the Delaware Chancery Court.
Yet this year, as in each of the past three years, Mr. Gulbranson, 57, is counting on a payment of several thousand dollars from the federal government, a subsidy for working families called the earned-income tax credit.
"It does not strike me as a driver for the fundamental shift to mobile payments that the industry at large is counting on," he said.
Even if firms lost money, even if they lost market share and even if their stock prices plummeted, at least investors could count on their regular payments.
If you count on those interest payments being made, this kind of return looks like the most compelling in the marketplace.
In reality, debt prioritization would make things worse for the millions of people and businesses who count on timely federal payments.
Two other troubled Swissair airline holdings, LTU, a German charter operator, and AOM/Air Liberté in France, were also counting on support payments from Swissair that will not be made.
Bill Gates and Mayor Michael Bloomberg were not listed on the Philanthropy 50 because the list does not count payments on past pledges or foundation grants, the Chronicle explained.
