The proposed change would increase that to ratios of 10 to 12, and as much as 15 in some locations.
They point to ratios of capital to output, which are surprisingly stable over time despite tax swings.
"In the small-cap world, we're seeing tons of companies with P/E's, even on a trailing basis, that are less than their growth rate," he said, referring to ratios based on past, rather than projected, earnings.
Correction: December 6 , 2002 Friday The Economic Scene column in Business Day on Nov. 7, about trends in consumer spending, referred incorrectly to ratios between top and bottom income groups from 1972-73 to 1997-98.
The extra 185,000 uncounted votes were then distributed among Mr. Gore, Mr. Bush and minor party candidates, according to ratios drawn from the official tabulations in each precinct.
The evidence is that changes to ratios would not in practice significantly reduce costs to parents but might have a negative effect on the quality of care children receive.
Truss stressed that changes to ratios would be voluntary and linked to better qualifications, and were in line with other European countries where childcare was considered better quality and cheaper.
Lightman, a theoretical physicist as well as a novelist, has an atypically data-driven approach to fiction; we learn early on that the invention of music involved "a scale with a fixed ratio of frequencies, generally 2 1/12, since exponential powers of that number came closest to ratios of small integers like 3 2 and 4 3".
Lightman, who is a theoretical physicist as well as a novelist, has an atypically data-driven approach to fiction; we learn early on that the invention of music involves "a scale with a fixed ratio of frequencies, generally 2 1/12, since exponential powers of that number came closest to ratios of small integers like 3 2 and 4 3".
Nor is this trend limited to America; other leading industrial economies, including Japan, Britain and Germany, are already back to ratios of profit to GDP above their average over the past 20 years.Mr Hathaway attributes this to three main factors.
