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IT IS supposed to be constructed using banks' own honest estimates of what it costs for them to borrow money.
Honest estimates can differ widely.That is true of most aid in kind, be it goods or services.
A deeper problem still besets these numbers: they are almost entirely fanciful even if the banks that submit them are providing honest estimates.
Scrupulously ethical, Meigs took his duties of providing honest estimates and requests for his budget seriously, and he immediately created an auditing system to identify abuses.
Banks that were weak would not have wanted to signal that fact widely in markets by submitting honest estimates of the high price they would have to pay to borrow, if they could borrow at all.In the case of Barclays, two very different sorts of rate fiddling have emerged.
Ryan's corporate tax cut would cost $1.2 trillion over the next 10 years, according to the best, honest estimates of budget experts.
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That is, an honest estimate.
"There are many different ways to construe average salaries, but this is an honest estimate".
But Mr. Brady said the $400 billion figure was an honest estimate from the Congressional Budget Office.
Last year, I spoke with two other Irish writers after a reading in Paris and I asked them how many times a day, at an honest estimate, they checked their email.
None of them can point to a forecast of anything like so large a vote for him; he himself said he would "rattle the eyeteeth" of the liberals if he got fifteen per cent in Wisconsin, and that was probably an honest estimate of what he expected.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com