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A leading figure in the insurance and financial guarantee industries for five decades, Mr. Bailey played a key role in launching the financial guarantee industry in the early 1970's, a multi-billion dollar industry today.
But rulings like Citizens United from 2010 and McCutcheon this month that guarantee industries and billionaires seats at the front table in the forum we call the democratic process, with a strong hand on the microphone, the ballot box, and the gavel of governance, risk dulling the civic impulse.
Similar(58)
Since the earliest days of the studio system, Hollywood moguls have guaranteed industry positions for their heirs.
This is NOT a guaranteed industry.
And the low-cost contracts that were signed years ago, guaranteeing the industries a set amount of electricity at a set price, were generally regarded at the time as important economic tools to keep industry and jobs in the region.
Government cannot and should not set prices but I will do everything in my power to get all levels of the supply chain to make the real changes needed to guarantee the industry's long-term future.
That triggered a run on money funds and traumatised the short-term debt markets they help to oil, forcing the American government to guarantee the industry's almost $4 trillion of assets—and confirming fears that it had become a big source of systemic risk (see chart).With the guarantees due to expire in mid-September, pressure is on to tighten regulation.
"Government cannot and should not set prices but I will do everything in my power to get all levels of the supply chain to make the real changes needed to guarantee the industry's long-term future," he said.
Farming Minister Jim Paice said that, while government "cannot and should not" set prices, he would try to "get all levels of the supply chain to make the real changes needed to guarantee the industry's long-term future".
The malaria researchers want the president to initiate an "aggressive malaria vaccine program" and raise federal funding from the current $25 million to $500 million a year; in addition, the U.S. should commit to buying $500 million a year worth of vaccines once they've been developed, to guarantee the industry a market.
Not one is creating a program for us that guarantees our industry a price for our products".
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