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This means that while for Italians almost half of the overall education payoff is associated with having access to high-paying occupations, for immigrants, only 20percentnt of the (already quite modest) returns to education originate from access to high-paying occupations.
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Conservative ministers will claim this modest return to growth is proof that Osborne's plan has worked.
These authorities serviced their own debt and financed new investment out of sales revenue, as well as providing a modest return to the government.
Yannis Stournaras, the finance minister, says it is feasible for the government to run a primary surplus of 4.5% of GDP from 2016.The European Commission forecasts a modest return to growth, of 0.6%, in 2014, despite a continuing drag from austerity.
During the second quarter of 2016, smartphone shipments saw a modest return to growth after a first quarter which saw the first ever year-over-year decline in worldwide smartphone sales, according to research firm Canalys.
As of 2015, the Canadian economy has largely stabilized and has seen a modest return to growth, although the country remains troubled by volatile oil prices, sensitivity to the Eurozone crisis and higher-than-normal unemployment rates.
The combination of the new tax and existing royalties thus favours middle-aged mines that generate modest returns at little risk.Thanks to these flaws, the mining levy has lost the support of four of the original 22 experts who wrote in favour of a tax on resource rents.
Janeway presented figures showing that, in normal times, venture-capital funds tend to make modest returns, and that they struggle to raise a lot of money.
Note: The main messages apply to any modest start-up business: Expect modest returns: People who go to yard sales are looking for bargains.
Other niches that Mr. Paulsen would consider include market-neutral and other alternative funds, which try to achieve modest returns with minimal risk, and real estate and commodity funds, in case the Fed loses control and inflation begins to stir.
To be sure, time is on the side of the long-term-oriented investor as even relatively modest returns are more than enough to make you rich beyond the dreams of avarice.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com