Apart from the straightforward fund-and-raise provisions, the emerging House GOP legislation appears to contain the Vitter amendment and – according to House Democratic leader Steny Hoyer – a provision to strip the Treasury of its ability to deploy emergency measures to avoid default.
John Prescott, the transport secretary in the 1997-2001 Labour government, wanted straightforward public funding for the refurbishment of the tube but Gordon Brown, the then chancellor, would only agree to a deal that involved PFI - or public-private partnership, as it became known.
This category is straightforward: Fidelity funds at Fidelity, T. Rowe Price funds from T. Rowe, etc.
Where to save for your retirement is the most important investment decision you will make, yet household-name insurers often cannot beat a simple FTSE tracker fund - and they have much higher management charges than a straightforward tracker fund.
This is straightforward for funds that invest domestically: just take the closing price of the stocks and do the arithmetic.
The first four points are straightforward: each fund larger than $100 million needs to register with the S.E.C. and have an independent custodian who holds the money, an independent administrator who prices the securities and an independent auditor.
If the latter, you would probably be better off putting two-thirds (or more) of your money in cash investments and buying a straightforward index fund with the balance.
And while traditionally straightforward tasks like funding the federal government have become raucously contentious in recent weeks, a bill subsidizing Wall Street banks is likely to garner significant bipartisan support.
THE economics of international banking are straightforward enough: raise funds in countries where they are cheap, lend where they are dear.
The basic premise of mutual funds is straightforward: Investors pool their money, and the fund invests in stocks, bonds, government securities or a combination of such assets.
