The Bishop of Exeter, the Right Reverend Michael Langrish, said he would encourage councils in his area to continue holding prayers before the start of their statutory business.

BBC: Bideford Town Council prayers ruled unlawful

This is 100% legally possible by learning how to effective title property and how to conduct business under non-statutory entities (legal entities not circumscribed in the statutory jurisdiction).

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Changes are particularly needed in countries such as Germany and Switzerland, where there are statutory minimum pay-outs which mean that business with guaranteed returns is no longer profitable.

ECONOMIST: Insurance

The second question is whether the closure of the News of the World will be seen by the media regulator, Ofcom, as making News Corporation, parent company of News International, a more or less fit-and-proper owner of British Sky Broadcasting, the UK's biggest television business (it is Ofcom's statutory duty to adjudicate on that important issue).

BBC: Big questions for News International

For my purposes today, I want to construe "financial infrastructure" very broadly, to include not only the "hardware" components of that infrastructure--the physical systems on which market participants rely for the quick and accurate execution, clearing, and settlement of transactions--but also the associated "software, " including the statutory, regulatory, and contractual frameworks and the business practices that govern the actions and obligations of market participants on both sides of each transaction.

FORBES: Reducing Systemic Risk

They pay statutory royalties to rights-holders, and subsidize the basic business through advertising.

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The study took into consideration the relative corporate income tax, capital tax, sales tax, property tax and miscellaneous local business tax burdens of those countries, along with the statutory labor costs.

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The German and Swiss authorities recently reduced their statutory guaranteed returns to 3.25%, but this is unlikely to turn their insurers' life business into profit.

ECONOMIST: Insurance