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Local investors have shouldered around half of these losses.

大概一半的损失都由本地股民承担。

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That led to an eruption of public anger, and big losses in local elections this month.

这导致了公众忿怒的爆发和地方选举的大失败。

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Yet changing the law to deny offset even for local losses would be a giant step.

ECONOMIST: Court rulings are forcing the pace of EU tax harmonisation

Away from the chamber, Plaid have been working hard on sharpening up their campaigning machine on the ground after the Assembly and local election losses, including learning lessons from the SNP's victories in Scotland.

BBC: State of Play 2 - Plaid Cymru

Over the past twelve months, despite private-sector job growth of 1.7 million, local governments have reduced the number of teachers and education personnel they employ by nearly 200, 000 people, about two thirds of all local government job losses during this period.

WHITEHOUSE: The White House