"The underlying economics of transit service require a public investment."
We just had fundamental problems with the underlying economics.
The biggest problem for research departments - truly independent or not - is that the underlying economics are crumbling.
Unfortunately, given the underlying economics, the situation is not likely to change.
But the underlying economics that drives their revisionist analysis is straightforward.
"We are not optimistic about the underlying economics of this sector," he added.
The underlying economics would have to be sound, he said, but that would not be enough.
The leasing system - and its underlying economics - is often thought to be the pathogen for much of what ails the business.
What may come as a surprise is how little is really understood about the underlying economics.
If the company makes a change, he said, it would not affect the underlying economics of the business.