Highfield hopes there may be windfalls from selling company property, and that he may be able to pull off a merger with a rival.
In randomly selected poor households in 63 villages that have received the windfalls, they say, the number of children going without food for a day has fallen by over a third and livestock holdings have risen by half.
Before the flotation of the Alliance & Leicester last month a surprisingly large proportion of the beneficiaries said they would spend their windfalls rather than save them, as had been expected.
And, since they did not have vast deficits to swallow up the early windfalls of the boom (all but Vermont have balanced-budget requirements), the governors have been pulling off an impressive feat for years: cutting taxes while increasing both spending and surpluses.Indeed governors (Democratic as well as Republican) have cut taxes six years running, by a cumulative $26 billion.
Despite the promise of significant windfalls for members, the vote fell well short of the 75% required for success.Amid signs that America's economy may be cooling following recent monetary tightening, the Federal Reserve left interest rates unchanged at 6.5%.
Yet, as "Atlas" grimly foretold, we now treat the incompetent who wreck their companies as victims, while those resourceful business owners who manage to make a profit are portrayed as recipients of illegitimate "windfalls".I bet Hank Paulson never thought he'd find himself accused of being opposed to competition when he took this job.
He balanced the budget and channelled oil windfalls into a rainy-day fund, which helped Russia get through the 2008 financial crisis.
Worse, Britain's courts, unlike America's, think that firms must finance any pension-fund deficits but may not enjoy the windfalls from surpluses.
The cash windfalls from the conversion of mutual societies, mainly building societies (thrifts), into limited companies, which gave consumer spending a fillip in 1997, will not be repeated in 1998.On top of this, most British mortgage-holders pay variable interest rates, and so are already forking out more—£40-50 ($67-84) a month more on average than they were last spring.
Construction of a number of LNG terminals approved years ago is on hold.The exploration boom has produced windfalls in some surprising places.
Spain will no longer be able to look to Europe for further windfalls.
