Yorkshire are not in action after Andrew Gale led a defiant performance to deny Durham a fourth consecutive innings victory yesterday, and that stubbornness and determination bodes well for the captain ahead of a stiff fund-raising challenge this autumn.
The discounts, coupled with the fat current yields (both near 14%), take the sting out of the funds' stiff expense ratios (HIX, 1.32%; EMD, 1.85%).
Yet Sweeney fears that, with $46 billion in unfunded liabilities and a history of stiffing its pension fund, New Jersey might one day be unable to meet its benefits promises or will spark a financial disaster in trying to do so.
Until recently, European leaders argued that they could quell the crisis with an underfinanced rescue fund and stiff austerity policies imposed on borrowers to re-establish their creditworthiness.
As in Europe, if you can secure outside funding you'll be a more attractive candidate, but the competition for fellowships may be stiff because many U.S. funding sources are restricted to U.S. citizens or residents.
Prudential with-profits is one of the better funds, but the sector itself has been a disaster for over ten years with investors remaining trapped in poorly performing funds with stiff exit costs".
Because of Indonesia's troubled banking history, a small bank that wants to grow faces stiff challenges in raising funds to expand a branch network, let alone convincing customers to provide their deposits.
Also, many principal-protected funds have stiff penalties for taking money out early.
But a series of floor votes suggest that researchers face an uphill battle in the stiff competition for federal funds.
The U.S. research and development enterprise faces falling funding and stiff competition in the days and years ahead.
These changes are likely to meet resistance from scientists concerned that a peer-review system will lead to stiff competition for limited funds.
