The occupied rate charged against a card, or an account of block-time, is usually (but not always) charged at a higher rate than that which would be charged to a fractional owner, or a charter client.

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Nevertheless, the concept deals with one of the main arguments that Democrats make against block grants, which is that more people need Medicaid during economic downturns and block grants do not account for that counter-cyclical nature of the program.

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Eventually, the idea emerged to create a facility -- different from a "fund" in that it represents pre-arranged promises to lend rather than an actual block of money in an account -- that could be in place by early next year.

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Block and program trades for Japanese clients now account for a large portion of Morgans business and billions of dollars a month in trading volume.

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So long as low yields continue to support America's housing bubble and hence strong consumer spending, they will block any significant reduction in the country's current-account deficit.

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At any moment, a barrage of emails, messages, must-read articles, chart submissions, etc. could upset my otherwise productive day, which was already unreasonably dissected into fifteen minute increments to account for my wide variety of responsibilities and interests, while still leaving that one magical four hour block of time in the afternoon untouched.

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