The way wholesale electricity prices work, all producers get the same rate for power at any given time, and that rate is set by the most expensive power source on line at the time.

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He said a stubbornly high youth unemployment rate underlined the need for all levels of government to work together.

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The assessments determine whether applicants are entitled to the highest rate of ESA - for those deemed unable to work at all due to sickness or disability - or are considered "fit for work", in which case they are put on jobseeker's allowance instead.

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Instead, he put out a plan that is all candy and no vegetables, making a promise of a 25 percent rate without doing any of the hard work on the tax base.

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Nor is the shift from direct lending to auction sure to work: for all the praise heaped upon the ECB, the spread between the ECB's repo rate and euro-denominated interbank rates is no less worrying than that in America or Britain.

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There I found the U.S. median hourly wage rate for electrical and electronic equipment assemblers, which pretty accurately describes the work done by all those Foxconn workers assembling iPads.

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Anyone with a copy of Microsoft Excel can quickly work out that the average real rate of economic growth overwhelms every other issue, even if all you care about is federal government finances.

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The advertisers however want to scrap the "pay-per-play" system altogether and instead pay actors a flat rate for all their ad work.

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