With their sweeping scope and ludicrously broad definition of Institute funds, the proposals would in effect create a dry campus and impinge, probably illegally, on individuals' personal freedoms.
If you were Mr. Allen, would you fund the proposal based on the written memo?
Most seemed to be looking for a simple either/or: should we fund the proposal or shouldn't we?
In his report, he even floats the idea of introducing a "specific tax increase" to fund the proposal.
By diverting that money out of the revenue stream going into the trust fund, the proposal would leave the trust fund that much poorer.
It says the government could fund the proposal by raising extra money through taxation, by reprioritising existing expenditure or by introducing a specific tax increase.
In the Swiss example authorities had estimated the costs of funding the proposal at an additional 25 billion francs, according to AFP.
"And what happens to people in boroughs which won't help in funding the proposal?" The Green Party's mayoral candidate Jenny Jones said: "Restoring the EMA sounds like a good plan, if the money really can be found.
DealBook » Baby Steps for S.E.C. Plan on Money Market Funds | The proposal by Mary Jo White, head of the Securities and Exchange Commission, to overhaul money market funds, is much more incremental than her predecessor's, Gretchen Morgenson writes in The New York Times.
The funds dropped the proposal after Marsh & McLennan nominated Carter.
