This state of affairs is doubly extraordinary because, unlike the 1930s or late 19th century, there is a welfare state – even if it is under assault from the coalition – which thankfully underwrites collective demand.
The US substantially underwrites the Yemeni security services.
To survive, he is clinging tightly to the oil industry, which underwrites the state economy and allows state residents to live tax-free while receiving a cheque each year for $1,300.
In these, instead of parcelling out the underwriting risk among a syndicate of investment banks, one bank underwrites the lot.At the same time, banks are betting more of their own money in the markets.
Ministers lifted the limit on university-tuition fees but failed to foresee the race to the top of the new scale; that has left the exchequer, which underwrites the fees, with a big liability.
Under the rules, big, savvy banks are largely free to make their own decisions about how plump a cushion they need.This has worried some regulators, particularly the Federal Deposit Insurance Corporation FDICC), which underwrites America's deposit insurance.
Even unemployment insurance underwrites only the lucky half of workers who have a formal job.
That would mean bigger losses for the Pensions Protection Fund, a corporate-funded pot which underwrites the sector.The wounds to pension funds may simply be collateral damage from policies designed to revive the entire economy.
The French government currently underwrites the West African CFA franc by guaranteeing to convert it to euros at a ratio of one to 0.0015.
Because the company fund undertakes the investment and the company underwrites the promise, DB schemes are generally thought to offer superior benefits to DC ones with much less risk to employees.So they do—if you work for one company all your life and your earnings rise towards the end of your career.
And now, as if to seal the fate of farm reform, France and Germany have done a deal on Europe's common agricultural policy that underwrites its generously funded existence out to 2013 (see article).
