The property is the former home of the Fitzwilliam coal mining family but had fallen into a state of structural disrepair, partly because of the number of mining shafts in the area.
As part of the program, Cyprus will also have to raise taxes on capital gains and companies, introduce structural reforms and privatize some state assets.
It has put off needed structural reforms of provincial finance and the state, although it does plan measures to slim the cost of politics.
Regardless of the structural, administrative and disciplinary failures at Penn State, the central moral failing was that the school cared more about its reputation, its football team, and even Sandusky than about his victims.
The core economies have deep structural problems and the world economy is in a state of disequilibrium, says Jan Dehn, an economist at Ashmore Group in the U.K. Ashmore has its hands in emerging market debt.
This subtle shift will motivate unions to bargain in sincerity and not hide behind status quo, and it will also allow state employers to bargain in good faith for structural and work rule changes.
That matters because the structural reforms of public finances to which Mr Cardoso is committed require state governors not just to accept curbs on their own spending, but to back a tax reform meant to give the federal government more control over revenues (see article).
When faced with these long-term structural deficits, Governors and their job-seeking coalition partners, such as their State Chamber of Commerce, should realize that it is time to hold state government spending more accountable.
FORBES: Strangled By Taxes, Will Michigan Loosen The State's Grip?
The bigger point that Mr Cable is making here is that Mr Osborne has defined his strategy in terms of the current, structural deficit: that is, borrowing that is not due simply to the weak state of the economy and that is NOT used for public investment.
For ECB chief Mario Draghi (and the Italian president Mario Monti), it means deeper, faster structural reforms to free up labour markets, deregulate service sector industries and generally rein back the role of the state.
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