Commentary

Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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Amid changes in builder, do you think the CAT project will be completed by 2020?




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August 31, 1998

Balancing the Budget With Bombings

By Jeffrey L. Winograd

The tragic bombings of the U.S. embassies in Kenya and Tanzania for a short time threatened Rep. Gerald Solomon's (R-N.Y.) carefully crafted plan to have his legislation scored by the Congressional Budget Office as revenue neutral.

As a result of the bombing tragedies, some $1 billion is expected to be appropriated this month to upgrade security at American diplomatic facilities around the globe.

If the money is derived from the customary source, the Senate and House Commerce, Justice, State and Judiciary Appropriations Committee the same trough that supplies the funds for the Securities and Exchange Commission budget offsets would be required. The chances for reducing 31(a) transaction and registration fees would then be dismal.

However, after a brief period of uncertainty, the Clinton administration announced it would request an emergency appropriation which falls outside congressional budget rules.