Because they have counted this as a cost, they say that minimum capital requirements should be calculatedonthebasisof credit-card assets net of expected losses.
The latter is calculatedonthebasisofthe rise in median earnings onthe island, following a recommendation by an independent panel tasked with assessing States members' pay.
The air quality would certainly be a lot worse if the commuters turned to conventional buses. (Calculated on a per passenger journey basis, experts say, buses emit 100 times the level of respirable particles generated by mass rail.) Ditto for congestion.