This guaranteed minimum value may be the premiums paid (or a percentage of them) improved
at an interest rate such as 0 to 2 percent.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in
such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution of key milestones
such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by
such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or
at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws,
such as U.S. export control laws and U.S. and foreign anti-bribery laws
such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law,
such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of
such changes; 21) any reduction in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of
interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher
interest payments should
interest rates increase substantially; 27) the effectiveness of any
interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
«In
such circumstances, fiscal policy may be called upon to provide stimulus, particularly since it is likely to be more effective
at low
interest rates,» Lane said.
But low
interest rates,
at least in Canada, have pushed household debt to
such vertiginous levels that officials like Carney know they shouldn't be counting on consumer spending to drive the recovery — ergo, the call for more corporate investment.
«In
such a situation, U.S.
interest rates might rise
at a time when maintaining our inflation target would require that Canadian
interest rates remain unchanged.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key person
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices,
interest rates and foreign currency exchange
rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect
such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key person
such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended
at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange
rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that
such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key person
such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or
at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
They also fear that
at such elevated levels, many Canadian households would be unable to withstand a financial shock
such as a loss of income, or a sudden spike in
interest rates that raised debt services charges.
The presentation suggested that
such a facility would allow the Committee to offer an overnight, risk - free instrument directly to a relatively wide range of market participants, perhaps complementing the payment of
interest on excess reserves held by banks and thereby improving the Committee's ability to keep short - term market
rates at levels that it deems appropriate to achieve its macroeconomic objectives.
«The Fed has not raised
interest rates in
such a long time, that it should really do it for good, not give it a try and then have to come back,» International Monetary Fund (IMF) chief Christine Lagarde said
at a press conference in Ankara.
The reason Keynesianism got
such a boost post-crisis was not for any real - world examples of its success — the list of its failures, by contrast, is lengthy — but because of the assertion, accepted far too quickly with far too little evidence, that monetary policy,
at the fabled Zero Lower Bound (
interest rates of near zero) had lost its effectiveness.
In
such circumstances, fiscal policy may be called upon to provide stimulus, particularly since it is likely to be more effective
at low
interest rates.
Moderate
interest rates were associated with a whole range of subsequent returns over the following decade, and we know that those outcomes were 90 % correlated with the level of valuations
at the beginning of those periods (on reliable measures
such as market cap / GDP, price / revenue, Tobin's Q, the margin - adjusted Shiller P / E, and others we've presented over time - see Ockham's Razor and the Market Cycle).
The Fed usually assigns an inflation target, which currently stands
at 2 %, and adjusts
interest rates, prints money, or buys back debt to reach
such a target.
At first glance, PNC's mortgages offer considerably lower interest rates than you'll find at larger banks such as Bank of America or Wells Farg
At first glance, PNC's mortgages offer considerably lower
interest rates than you'll find
at larger banks such as Bank of America or Wells Farg
at larger banks
such as Bank of America or Wells Fargo.
Millions of people can see
at least some of the major signs,
such as the collapse of
interest rates, record high number of people not counted in the workforce, and debt rising from already - unpayable levels
at an accelerating
rate.
And the reason we accept
such low
interest rates is that 1) we can withdraw our money
at any time, and 2) our deposits are guaranteed by the FDIC up to $ 250,000.
Also, when the Fed sells long - term assets, there is some prospect for losses on these sales depending on the level of long - term
interest rates at the time when
such sales occur.
Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices
at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event,
such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and
interest rates, and the general economic outlook.
The
interest rate was revised such that borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
rate was revised
such that borrowings under the refinanced Term Loan bear
interest at a
rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
rate equal to,
at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds
Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
Rate plus 0.5 %, (ii) the Prime
Rate, or (iii) one - month LIBOR plus 1.
Rate, or (iii) one - month LIBOR plus 1.0 %.
While
such a
rate of expansion will clearly not be sustainable in the longer run, there is little sign
at this stage that the appetite for borrowing has been restrained by the recent increases in
interest rates, even though the higher debt burden of households might be expected to make them more responsive to
interest rate changes.
These involve the investor borrowing
at the short end of the yield curve, particularly in those countries where
rates have been very low,
such as the United States, Japan and Switzerland, and investing either further out along the yield curve or in countries where
interest rates have been relatively high,
such as Australia and the United Kingdom.
Although I don't pretend to understand all the «ins & outs» of banking, public financing, etc., it seems to me to be self - evident that if Canadian governments
at all levels were able to borrow,
at low or preferably no
interest rates, to finance infrastructure projects and other issues
such as health care and education, rather than indebting Canadians in perpetuity in order to pay big
interest payments to the greedy Big Banks, it would ultimately be in the best
interests of most ordinary Canadians.
However, the Fed, in its wisdom and
at the behest of intelligent idiots
such as Paul Krugman and Paul McCulley, kept
interest rates at artificially low levels for years and aggressively ramped up the money supply with the aim of speeding the recovery process.
This is evident in a number of developments, including: increased demand for higher - risk assets; the increase in «carry trades» — a form of gearing where funds are borrowed short - term
at low
interest rates and invested in higher - yielding assets, often in other countries; growth in alternative investment vehicles
such as hedge funds; and growth in alternative investment strategies
such as selling embedded options (see Box A).
One bank has introduced a small business loan secured by commercial property, reducing the
interest rate at which
such a loan would previously have been available from this bank, while another introduced a «basic» residentially secured term loan for small business
at 6.35 per cent, 40 basis points lower than that bank's standard residentially secured term loan.
At higher
interest rates, banks would have more options to generate returns while taking less risk (Federal Reserve's ultra-low
rates have pushed financial market participants into riskier behaviors
such as taking higher
interest rate risk, credit risk, etc):
Such a product actually exists
at the Royal Bank of Canada, and it comes with a hefty
interest rate of 8.75 %.
At such times, the authorities have usually raised
interest rates to try to dampen the boom.
Jumbo loans are riskier for lenders because more money is
at stake, as
such they come with higher
interest rates.
The Federal Reserve uses other tools to influence U.S. economic growth, too, including Discount
Rate, which is the overnight interest rate at which banks can borrow money from the Federal Reserve; and special programs such as quantitative eas
Rate, which is the overnight
interest rate at which banks can borrow money from the Federal Reserve; and special programs such as quantitative eas
rate at which banks can borrow money from the Federal Reserve; and special programs
such as quantitative easing.
During the election, many mainstream economists
such as David Dodge, Don Drummond and former deputy minister of Finance Scott Clark argued the strong case for deficit financing of productive public investments
at a time of economic stagnation and very low
interest rates.
Natalia Orlova, head economist
at Alfa Bank, said the central bank might now take more time over
interest rate cuts that could boost growth: «Based on economic logic... it seems to me that it is dangerous to hurry with a
rate cut in
such uncertain conditions.»
Unfortunately, we were far from unique in holding this opinion, and expressions of
interest kept pouring in
such that the underwriters were able to both increase the size of the bond offering and reduce the
interest rate to 4.25 %,
at which level we had no desire to participate.
I just have to be able to understand that risks are dramatically rising when you have
such extreme valuations
at the same time you have rising
interest rates and a tightening of monetary policy.
Not only is there potential for
interest rates on these debts to rise, but it's often likely to happen
at the worst possible time —
such as when the economy is heading into a recession.
This is the short - term
interest rate at which U.S financial institutions (
such as banks, credit unions, and others in the Federal Reserve system) lend money to each other overnight in order to meet mandated reserve levels.
Easy: because no one else will purchase the government debt issued by the United States, Japan and others
at such prevailing low
interest rates.
Fixed - income investments are unattractive,
at such low
interest rates, so all that «easy money» will go into stocks, says Allen Sinai, chief global economist for Decision Economics.
Clearly, investors stand to benefit from
such a trusted relationship with an advisor — particularly
at a time of record high U.S. equity markets and likely rising
interest rates.
At any
rate, among
such people as David Burrell, Stephen Crites, Samuel McClendon, Donald and Walter Capps, James Wiggins, John Dunne and, in a different way, Richard R. Niebuhr and William Lynch, it is a concern with concrete, ordinary experience that for some has meant a renewed
interest in religious autobiography — Paul's letters, Augustine's Confessions, John Woolman's Journal, Kierkegaard's writings, the theological work of Teilhard de Chardin, Bonhoeffer's Letters and Papers, Dorothy Day's autobiography and so on.
Scholars
such as John B. Cobb and David R. Griffin have developed the Christological implications of Whiteheadian process - relational thought in a number of widely read works in recent years.1 «Evangelical» Christians, holding the Christian scriptures to be the uniquely inspired and authoritative charter documents of their faith, and finding in these scriptures a Christ whose divine humanity defies explanation in terms of any general metaphysical scheme, have had for the most part little
interest in or even contact with these process - relational Christologies.2 That revelation presents to us this Christ is sufficient warrant for believing him; his being is,
at any
rate, incommensurate with ours.
I have no
interest in making
such an argument, but I would insist that those who believe the story happened and those who believe it did not — or,
at any
rate, do not believe that it did — should both recognize that their beliefs
at this particular point are largely irrelevant.
Such bonds function as an alternative to direct public financing of housing projects: Since
interest income on PABs is tax exempt, investors are willing to buy them
at very low
interest rates, and this makes it relatively affordable for states, municipalities, and nonprofits to finance housing (and hospitals, infrastructure, and other public works) through the private capital market.
«That you Stephen Oronsaye a.k.a. Mr Steve Oronsaye on or about 30th December, 2014
at Abuja within the jurisdiction of the High Court of the Federal Capital Territory whilst being the Chairman of the Presidential Committee on Financial Action Task Force and in
such capacity entrusted with certain property to wit: the sum of N100, 000,000.00 (One Hundred Million Naira) committed Breach of Trust in respect of the said sum by converting it to your personal use through the investment of the said sum of N90, 000,000.00 in Access Bank Plc's Bankers Acceptance for a tenor of 90 days
at 12.0 %
interest rate each in violation of the extant financial regulations».
In essence, China has been loaning Chinese solar module manufacturers in that country money
at low -
interest rates for both production and installation, even when installation takes place in other countries
such as Germany, which makes Chinese products unbeatably cheap when paired with Chinese advantages in labor and logistics costs.
Faced with an aging population and rising
rates of chronic diseases, Singapore has been forced to revisit how best to finance health services for the Pioneer Generation and is
interested to understand the perspective of those most
at risk, which includes older adults and patients with life - limiting illnesses,
such as advanced cancer.
It had some
interesting facts,
such as Aussies are captivated by mystery novels and they have 63.5 % completion
rate, meaning the percentage of books that are read from cover - to - cover, compared to Sci - Fi
at 56.5 %, while Non-Fiction entered
at 37.8 %.
In a sustained low
interest rate environment
such as the United States, unemployment
rates decline and businesses have access to loan funds
at reasonable
rates.
However, do bear in mind that though a fixed
interest brings in an element of certainty in your monthly payout (as EMI)
such home loans are
at least 1 - 2.5 % higher than a floating
rate home loan and are on a fixed
rate only for a tenure of 3 - 5 years (after which moves to floating
rate again).
But borrowers with a FICO score of 800 could get
such a loan with an
interest rate of 3.24 %
at Birmingham, Ala. - based Regions Bank, according to Informa.