A really credible commitment to bringing down inflation was supposed to reduce the "sacrifice ratio", the cost in terms of protracted high unemployment to get underlying inflation down.
In addition to the cost to either voters or taxpayers (an ID cost $28 in Wisconsin, for example), voters have to get the underlying documents (birth certificates or other official documents) that allow them to get a driver's license or state ID.
Once you get the underlying interests, you can find other ways to meet them than through the original position, which might not be acceptable to you.
"The problem with a lot of debt buyers is that they don't always get the underlying documentation [when they buy bundles of old debts]," said Wu. "They just get a list of names, Social Security numbers and amounts due.
"We might go in and fix the heating or take care of a lead-paint violation, but not get the underlying problems fixed for the long term".
Sarah Dessen wrote a story about a sixteen year old girl being abused by her boyfriend, but the story was more than a tale about abuse and I believe teens are old enough to get the underlying meanings.
But the take fell in Michigan and Wisconsin and was flat in several other industrial states, confirming the severity of the recession in manufacturing.Moreover, if you adjust the overall rise for inflation and legislated tax changes to get at underlying revenue growth, the picture is even grimmer.
After hacking together Gimbal, Atlantic.Net, and MasterCard Simplify to get the underlying service up and running, Sven Hermann and Vincent Volckaert actually walked around our Manhattan venue to find a restaurant willing to try out the service.
The bonds initially were issued at a price that represented about 60% of the fair market value of the airliners being leased, meaning an investor buying the bonds at 70 cents on the dollar is getting the underlying collateral for about 40% of its original market value.
