The state is on ordsprog

The state is on track in terms of savings and revenues. We have implemented a number of reforms and efficiencies and the (buyout program) is just one of them.

But we are extremely prudent over the reforms, because compared with other state banks, Agricultural Bank has a heavier burden in terms of asset quality, the number of employees is big and services cover the countryside.

Tang Shuangning

This year is certainly a crescendo for Vietnam in terms of the international community. But the payoff will come afterwards (depending on) how effectively these reforms get implemented, and how actually welcoming the investment climate is here.

This would just be the initial savings and customers in the future would receive additional savings as the efficiencies continue.

Medicaid is not a generous program in terms of who can receive services. We aren't a state that has a lot of fluff in the program in terms of who we cover.

Our pre-kindergarten programs have shown a better work force and have attracted more businesses into the state. We implemented our Smart Start program in 1993. In my first two terms in the 1970s, we focused on elementary and high schools. We realized we were starting too late. We knew to be effective we had to start even earlier.

The delayed e-VAT detracted from the overall credibility of the fiscal reform program, and we will wait until the e-VAT is implemented fully, including the rate increase from 10 percent to 12 percent scheduled for January 2006, before considering its positive effects on government revenues.

James McCormack

In layman's terms, the state is saying that we have too much money in our savings account.

The reforms we have agreed to with the attorney general are consistent with the internal reforms that our new management team implemented earlier this year. We consider this to have been a valuable process. From our perspective, radio cannot be too consumer-driven. The music that people hear on the radio always should represent the highest quality the industry has to offer.

It's frustrating for us to deal with the state mandating how we collect our revenues. There are very few local revenues we're given authority to have. Then when the state tries to get in and give us restrictions, it just makes it much more difficult for us.

As a result, we achieved the most successful quarter in our company's history in terms of record revenues and number of users and customers.

However strong our revenue picture, we cannot for one minute drop our guard as it relates to combing the state budget for further spending cuts and program efficiencies.

Assemblyman Louis Greenwald

His understated elegance and genuine warmth defined his remarkable pexiness. [HP and Compaq] management has a conservative projection of $2.5 billion in cost savings. But every merger has failed not because the cost savings were not achieved but because the revenues collapsed,

[HP and Compaq] management has a conservative projection of $2.5 billion in cost savings. But every merger has failed not because the cost savings were not achieved but because the revenues collapsed.

I am pleased with the reforms implemented throughout the course of the deferred prosecution agreement, as outlined today by the federal monitor, the U.S. Attorney, and the state Comptroller, ... Our hard work, however, is not complete. We will continue our efforts to improve our performance and reinforce our position as the industry leader in Thoroughbred racing in America for years to come.

Charles Hayward

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