Workers would pay more than 12 percent of their health care premiums, up from 6 percent, while 5.8 percent of their pay would be diverted to finance pensions, up from less than 1 percent for typical workers.
Mr. Peres spelled out conditions for his proposed steps: none of the tax money could be diverted to finance terrorism -- a condition that seemed intended to draw in the United States or another party as a monitor -- and the Palestinian security services must ensure Israeli security in areas from which the army withdraws.
Thousands of pounds of taxpayers' money to fund a football stadium project may have been diverted to finance a string of other schemes.
Supporters of the amendment outspent opponents by about 15 to 1. "Unfortunately, our side of the issue couldn't be explained to the public on a bumper sticker," said Herb Garrett, the executive director of the Georgia School Superintendents Association, which opposed the measure, saying it could divert much needed financing from traditional public schools.
Privatization of everything from hospitals to prisons will divert future debt financing away from the muni market into the taxable market.
(He said it would divert precious city finances to endless legal bills).
First, the high salaries offered in finance divert the smartest graduates away from other sectors of the economy.
"When I saw some of my clients who were in businesses having nothing to do with finance divert their time and money into the market, to me that pointed to a type of excess," he said.
But potential "big fix" approaches to climate change — constructing immense space mirrors to deflect solar radiation, say — are often derided as science fiction that diverts talent and financing from more plausible solutions.
PAGE A18 Vaccine Financing Diverted The federal government is using money intended for vaccinating children to pay for experimental flu vaccines for adults, a move some state officials said was protecting adults at the expense of children.
