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In the 2012 election, two issues have already become symptomatic of this liability.
As a result of this liability, which was widened in 1871, many employers took out private insurance.
Assume these payments, ignoring inflation, stretch into perpetuity, apply a discount equivalent to the yield on 10-year British government bonds, and the present value of this liability is £1.14 billion — or less than £19 for every British subject.
In the civil-law system proper performance of these functions has its sanction in the personal liability of the heir for the debts of the decedent; if he takes steps to free himself of this liability, he has then to manage the estate like a common-law administrator or to hand it over to an administrator appointed by the court.
A report from Fitch earlier this year suggested that the pressure of ageing populations could push up the average debt-to-GDP ratio of European Union nations by almost seven percentage points by 2020 and a staggering 111 points by 2050.The sheer scale of this liability means that pension "reforms" (in plain English, benefit reductions) will have to be pushed through to prevent fiscal meltdown.
He was absolved of this liability by act of Congress in 1899.
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The bottom line is that, unless Bank of America's lawyers really messed up the transfers, Bank of America is far from insolvency itself, having the option of cordoning off this liability to a large extent through a bankruptcy filing.
Whereas, in the case of FAO, this liability is shown at its actuarial value (US$80.5 million), in the case of WFP it is shown as the addition of the actuarial value (US$10.8 million) plus the share of 1996-97 investment and investment income accruing to the WFP (US$2.6 million).
Corbyn's rivals for the Labour leadership illustrate this liability of centrism even more graphically.
There are a handful of theories to explain this liability, and now a research team has added a new one to the list: Newborns suppress their immune systems to stay healthy while necessary bacteria colonize their gut.
Shortly after that law went into effect, the ratings agencies refused to rate mortgage securities containing Georgia loans because of this potential liability.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com