91.   But he said private investment management funds need a level of secrecy so their competitors will not steal their investment strategy.

92.   But it served mostly to highlight the gulf between supporters and opponents of the private investment accounts.

93.   But Kozyrev agrees that Western aid is far less important than private investment, and that time is precisely what Russia needs.

94.   But people can feel abused when, as in Britain, governments change and the incentives for private investment are reduced.

95.   But she also called for a cut in the capital gains tax as a way of stimulating private investment.

96.   But private investment will not be enough to overcome decades of stagnation.

97.   But she questions whether black workers over all would earn enough money to make private investments worthwhile.

98.   But Samalayuca II took years just to break ground, due to the uncertainty surrounding how to deal with private investment in the electricity sector.

99.   But six hotel projects have been selected for city tax-increment financing, federal historic-building tax credits or loan guarantees to leverage private investment.

100.   But the rate of return on those private investments could fall short.