Windfall
in sentence
88 examples of Windfall in a sentence
While US consumers have so far saved a large proportion of the
windfall
they have received through cheaper gasoline prices, the gains for households are starting to translate into higher levels of spending.
Yet even Conrad would have been aghast at the
windfall
gains and rock-bottom tax rates that foreign mining investors have secured over the last decade.
All of this chaos is the consequence of a massive fiscal deficit that is being financed by out-of-control money creation, financial repression, and mounting defaults – despite a budget
windfall
from $100-a-barrel oil.
Taxes on tobacco cost little to implement and lead to a
windfall
of benefits.
They no longer dwell on impending climate doom, but on the economic
windfall
that will result from embracing the “green” economy.
Despite – or because of – this windfall, Southern European countries’ manufacturing sectors are still a long way from regaining competitiveness.
In boom times,
windfall
revenues encourage governments to demand a bigger slice of the pie, and often press for greater control.
Britain provides around $1.2 billion, principally in the form of tax breaks for North Sea oil exploration, generating
windfall
transfers for companies like Total and Chevron.
Of course, when the other player is cooperating, it might be tempting to defect, in order to increase your own payoff and potentially even secure a
windfall.
In case you think that people receiving such a
windfall
will spend it on alcohol, gambling, or prostitution, an independent evaluation has shown that they don’t.
Iran’s regional foreign policy has not yet caught up with its new pre-eminence; it is making as many enemies as it is gaining friends, and it might squander the
windfall
gains that it made in the past three years.
First, high commodity prices yield
windfall
profits for the region’s leading producers of raw materials.
In the meantime, the public should be cautious of politicians’ claims that deploying today’s inefficient, expensive technology will result in
windfall
benefits at no cost.
Unfortunately, while this
windfall
might be putting more programming on the air, it is only deepening the industry’s woes.
If even a fraction of the budgetary
windfall
received by state media was redirected to independent news organizations, journalism would thrive and the public would be better informed.
Their problem – in a sense, a luxury problem – is to ensure that their consumers spend the
windfall
from lower import prices.
Now, Lebanon can turn its attention to oil and gas production, with policymakers’ expectations running high – verging on irrational exuberance – that an energy
windfall
will jumpstart the country’s economy, which has suffered from poor political and economic governance and the spillover effects from Syria’s civil war.
The main lesson from other resource-rich countries is that, in the absence of good governance – strong institutions, the rule of law, effective regulations – Lebanon’s energy
windfall
will likely lead to more corruption, as special interests and politicians try to capture the rents for themselves.
Given this, oil producers would be well advised to treat recent oil-price gains as a temporary windfall, not a permanent state of affairs or even – unless there is a notable geopolitical shock – a trend that is likely to intensify in the year ahead.
Meanwhile, emerging-market commodity exporters failed to take advantage of the
windfall
and implement market-oriented structural reforms in the last decade; on the contrary, many of them embraced state capitalism, giving too large a role to state-owned enterprises and banks.
The usual thinking is that lower prices stimulate global demand, because consumers are likely to spend most of the windfall, whereas producers typically adjust by cutting back savings.
This has been a big
windfall
to homeowners, but has hurt anyone planning to buy.
Moreover, though most of the savings implied by lower energy costs might initially show up in higher profits, over time, competition will force companies to pass on some of these
windfall
gains in the form of lower prices or higher wages.
Italy, meanwhile, failed to use the significant
windfall
from the steep decline in long-term interest rates caused by the introduction of the euro and a decade of rapid economic growth to repair its debt position.
So there is a strong case to be made for rich countries using the economic
windfall
from dropping oil prices to fund efforts to deal with the geopolitical consequences.
For example, formerly communist countries earned emission credits at zero cost on the heavy industries that they had to shut down and reaped
windfall
profits by selling them.
Yet, the foreign oil companies get 82% of the increase – in the case of oil, this would amount to a
windfall
for them of $32 a barrel or more.
And should Bolivia, or foreign companies, reap most of the
windfall
gains from increases in energy prices?
This is certainly the case in Italy, where many expect a
windfall
from Brexit, with the strongly pro-EU Prime Minister Matteo Renzi leading the way toward a more integrated Europe, with a prosperous Appenine Peninsula at its center.
Populist parties’ rise to power in recent decades benefited from soaring commodity prices, which generated an export
windfall
that allowed political leaders to spend generously on the poor.
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