For something that significant and material, the code should specifically state that losses will be limited in this fashion, but it does not.
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Moreover, as taxes rise to fund an ever larger state, the losses to economic welfare rise rapidly, creating distortions and waste.
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Per the structure of the payment plan set up in the mortgage settlement, each state government is to receive a direct portion of the money for the purpose of funding future law enforcement efforts, providing additional relief to borrowers, paying civil penalties, funding of foreclosure relief programs and to compensate the state for its losses from the crisis.
Ohio State's .500 record marked the most losses at Ohio State since John Cooper's 1999 team also went 6-6 overall and 3-5 in the Big Ten.
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That - as I have written here before - when we decided that the state should save freemarket capitalism without anybody taking a serious loss, we simply transferred the losses to the state itself.
The Romanians have been told that, to get a deal, they must cut the losses of state-owned companies by 30%.
Insurance companies' response to the crisis has been depressing: as well as demanding, reasonably, compensation for their losses on state bonds, they also want laxer capital requirements and an extension of the ban on foreign-controlled insurers.
Overseas markets were mixed, as surprising losses by the State Bank of India pushed their stock market to a two-month low.
Pipeline partnerships are a particular problem because they must calculate, and investors must report, gains and losses in each state they traverse.
The Lady Bears thought they'd need a win over Texas to clinch their third straight Big 12 regular season title, but losses by Iowa State and Oklahoma helped secure it last weekend.
It is more than four times the number of job losses in New York State, which had the second highest number of layoffs.
Making heavy losses, stuck in state hands and with over-manned, expensive factories, it dragged its feet over the conversion of Airbus into a company, fearing that this would lead to a loss of French jobs as work was contracted out to lower-cost countries.
Ethan Lindsey of Oregon Public Broadcasting tells NPR's Steve Inskeep that recent state job reports showed thousands of job losses in the region.
The job losses associated with those added state taxes will offset at least some of the job gains coming from the infusion of new federal dollars into a state.
Failure to account for job losses associated with taxes required to cover state matching funds for the expansion means that job gains are overstated by another 14 percent.
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Lenders have also reportedly been allowed to avoid booking losses on loans to Air India, a state-owned zombie.
Even though the CDU remained the strongest party, it suffered heavy losses in two of three elections for regional state parliaments.
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And New Jersey allows money-losing biotechs--of which there are many, since most biotech firms still lose money--to sell their losses to profit-making companies in the state that wish to reduce their state tax bills.
The state in both countries has cushioned consumption indirectly by stemming job losses.
On the other side of the coin toss, perennial winners Penn State, Alabama and USC will end this year with more losses than wins.
The point of nationalisation would be that it would make shareholders write off the losses against their own capital, and allow the state to take equity in exchange for a public rescue.
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"Minimizing airport charges will certainly help us reduce losses if not incur profits, " said an official at state-owned carrier Air India Ltd.
Around the world regulators are increasing their oversight of brokers and fund managers, in part because they realize losses in retirement savings will make people more dependent on the state.
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The new rules state that the amount of common equity - the best capital for absorbing losses - that banks have to hold will rise from 2% of their loans and investments to 7%.
But state-backed banks Lloyds Banking Group and Royal Bank of Scotland both reported losses.
The Florida State Board of Administration (SBA), which manages the fund as well as the state's pension assets, froze withdrawals after investors became fearful of major losses and began taking out large sums of money.
The state's fruit and vegetable growers are co-operating with officials despite the losses they are likely to incur.
Much worse than losses from shoplifting is the possibility of waking the regular shoppers from the dream state that the stores have worked so hard to induce.
Town and city officials in Florida struggling to make payroll are likely to face more big troubles--and more losses than they have been led to believe--an analysis of a state investment fund indicates.
Combined, these job losses in the manufacturing and the service sectors, put serious strains on federal, state, and local budgets because of the lost tax revenue.
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