He could not have been more generous or kind to a young broadcaster.

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Alumni who have either lost their jobs, or face an uncertain future, tend not to be generous donors.

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The proposed terms, that did not require Ms. Pao to waive any legal rights or claims, are generous, fair and intended to support Ms. Pao in a successful career transition.

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If Venezuela's next leader were to end the program, or even reduce the generous terms, many countries would see a shock as import bills rise (not to mention having to face a public forced to pay much higher energy prices).

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"The UK's support system offers a generous subsidy, but may not do enough to build confidence in the companies making components, providing vessels or delivering support services, " said Robert Gross, the report's lead author and UKERC co-director.

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Because the contributions come from the people who will enjoy the benefits in retirement, these plans are not prone to the same bad incentives that lead politicians to make their pension plans too generous, or corporations to leave theirs too spare.

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