Fiscal wizards like Felix G. Rohatyn concocted a two-pronged Potemkin government — the Municipal Assistance Corporation and the New York City Financial Control Board — and those subterfuges worked until New York City's finances moved into the black.
Nebraska, which has the healthiest pension finances, moved to a DC model for new hires as early as 1967.But making changes to pension promises is easier said than done.
Under his government, between 1994 and 1998 Colombia borrowed to spend: the public finances moved from balance to a deficit of 3.8% of GDP, while the current-account deficit ballooned from 4.5% of GDP to 6.4%.
Optimists point to the chances, thanks to the discipline already imposed, of the Greek government's finances moving into what is known as "primary surplus" – that is, towards a positive balance of revenue and expenditure excluding debt interest.
But its finances moved through the shell companies — the QAT Consulting Group, QAT International and Protech Consulting — which held bank accounts into which clients wired their payments, according to court papers in the case.
Between 1982 and 2000, unemployment fell from a high of 14%% to a low of 2.5%%, labor participation rose from 52%% to the European average of 65%%, and government finances moved into surplus from an 8.5 % deficit.
Converts which pay interest like a bond but convert to stock at maturity are a standard but often desperate financing move.
In 2009, the technology firm gained venture financing, moving it from research and development to selling its product.
We did not dare stir up a century of sludge when we cleaned up Salford Quays," says Ms Goodey.Measures of successAs private finance moves in, are financial returns the only measure of success for regeneration projects?
Fanning the speculation of imminent solid offers were separate financing moves by Liberty and News Corp. last week.
