For these non-prime mortgages, there is room to make generous principal reductions, without hurting bondholders and without spending a dime of taxpayer money, because the bond markets expect so little out of foreclosures.
This has meant a slowdown in the delivery of aid, which is why residents here are grumbling, looking with envy at the faster payouts and more generous tax reductions available in L'Aquila.
Why not a progressive tax, based on the value of a non-profit's assets - real estate, collections, endowment (per student), etc.? Generous tax reductions could be given to those that find creative ways to afford significant access to the poor or middle class.
But many of those who are concerned about the damage being wreaked on the economies of poor nations by a single virus have come to believe that it is not safe for the world to rely on voluntary price reductions by generous drug barons for desperately needed medicines to keep poor people alive and nations stable.
Our study is limited by the fact that our Phase I definition of DLT was relatively generous, and that dose reductions in sorafenib had been initially planned for cases of Grade 3 diarrhoea.
The new South Korean policy, outlined by the new president, Lee means-bat, means at least a temporary reduction in generous South Korean economic aid at a dire time for the North, with cuts in humanitarian aid expected to follow.
Red Storm Rising, which describes a war fought to the brink of a nuclear conflagration, features a slick and duplicitous Politburo chairman who makes Washington a generous offer on arms reduction while all the time secretly planning for war.
Paramilitaries can keep very generous benefits (including substantial sentence reductions) even if they lie in confessions or withhold land they took by force.
Tom Aikens jazzes up his white sauce with an onion and white wine reduction, and a generous amount of double cream, and then cooks the raw fish in it briefly before baking.
But while the shareholders of GM and Chrysler were wiped out, and the GM bondholders got only a 10% equity stake in the new GM for the $27 billion they lent the old GM, there has been no reduction in the generous base pay, health care or pensions of active UAW workers.
