"You're taking borrowed money and using it for a political purpose," said Gordian Raacke, director of the Citizens Advisory Panel, a court-appointed watchdog group.
As early as 2002, Pecorari, after surveying 53 definitions of plagiarism, concluded that six common elements could be drawn from the definitions; that is, plagiarism is "(1) an object (i.e., language, words, text), (2) which has been taken (borrowed, stolen, etc).
The attraction was a financial con: PFI contracts take borrowing off the Government's public sector balance sheet.
Lyons recommends that local authorities that want to build should be able to take borrowing capacity from those that don't.
Traders concern themselves with a broader measure called economic leverage, which takes borrowing into account but also includes risks like those arising from derivatives and other complex financial arrangements.
In November the Bank slashed rates by 1.5 percentage points – the biggest reduction it has ever made – followed by a one-point cut to 2% a month later, which took borrowing costs to the lowest since 1951.
On Tuesday, the central bank in Australia hinted at its unease with the Australian currency's strength — the Australian dollar is hovering near multiyear highs — which it cited as an important reason for an interest rate cut that took borrowing costs in the country to a record low.
This takes borrowing costs to a fresh record low and is the first rate move since 2009.
He had a 53percentt annualized return, again taking borrowing into account, from 1996 through May 2004, although he said those results had not been independently verified.
Few expect another rate reduction at next week's policy meeting, but many economists predict the monetary policy committee will move rates again in November and take borrowing costs close to zero.
