Word: benchmarking
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...government benefits, plus an additional $2,712 in bonuses. That is 15% above the current poverty level for a family of three. As the wages of a participant increase, the bonuses and benefits gradually decrease. The enrollee loses the assistance only when her pay exceeds the $10,464 benchmark...
Payments for $43.7 billion in old debts are rescheduled and are now stretched over 20 years. Interest is lowered on all the debt. The premium that the Mexicans must pay on top of the London Interbank Offered Rate, a benchmark international interest rate, has been trimmed to .81%, down from as much as 1.5%. Lower interest costs will save Mexico $300 million a year. An especially innovative part of the plan is the provision that if the world price of oil drops under $9 per bbl. and Mexico's economic growth falls below a 3.5% annual rate next year...
...board members expect the economy to avoid a recession because they believe interest rates will remain relatively low. During the past two years, the benchmark prime rate, which banks charge their best customers, has fallen % from 13% to 7.5%. The board believes the full benefit of low interest rates has not yet been felt. The economists doubt that the Federal Reserve will allow rates to move up until the economy is considerably stronger. Indeed, they suggested that the Fed should push down the cost of borrowing a bit more...
...Bruins in question were only Brown's "B" squad, but it was still a benchmark victory for the Crimson aquadudes...
...Bruins in question were only Brown's "B" squad, but it was still a benchmark victory for the Crimson aquadudes...