Similar situation happened earlier in Hungary and Poland, including civic unrest and attempts
at economic reforms of a system that did not deliver as promised.
Not exact matches
At the outset of the Republican push to overhaul the US tax code, GOP leaders said
reform would boost
economic growth, help the middle class, and — importantly for the fiscal future of the US — pay for itself.
«Ongoing
economic reforms were among the main reasons behind this [FTSE] upgrade,» said Neena Mishra, director of ETF Research
at Zacks Investment Research.
«If we simply look
at this as being deficit - neutral, you're never going to get the type of tax
reform and tax reductions that you need to get to sustain 3 %
economic growth,» Mulvaney told CNN.
«The evidence for
economic reform to date is scant and based on purported private statements rather than government pronouncements,» wrote Bruce Klingner, a research fellow
at the Heritage Foundation and former CIA official, in an October op - ed for the Los Angeles Times.
«The electoral advantages of anti-immigrant politics will only shrink over time, suggesting that Republicans should
at some point — perhaps before the next presidential election — begin to embrace comprehensive immigration
reform,» says Mark Price, a labor economist
at the Keystone Research Center, a nonpartisan
economic policy think tank in Harrisburg, Pennsylvania.
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 personnel.
«The tax
reform will pay for itself with
economic growth,» Mnuchin said
at the White House news briefing, adding that the overhaul would ideally let someone file taxes on a «large postcard.»
U.S. National
Economic Director Gary Cohn (R) and Treasury Secretary Steven Mnuchin unveil the Trump administration's tax
reform proposal
at the White House on Wednesday.
But
at the present stage of European integration, it may be difficult for any European government to put into legislation many of the sentiments espoused by nationalist parties, such as immigration
reform, opposition to
economic integration or the protection of what they see as their national culture.
December 2002 (769 kb PDF file): Research summaries on IMF conditionality and country ownership of
reforms and on public policies and the Millennium Development Goals; country / area study: Hong Kong SAR; summaries of conferences on challenges to central banking from globalized financial systems and on globalization in historical perspective; agenda of Third Annual IMF Research Conference; summary of September 2002 World
Economic Outlook; visiting scholars
at the IMF; contents of latest issue of IMF Staff Papers, other IMF research publications.
Below we offer a look
at what the financial
reform law has meant for small banks, along with some of the other
economic and market forces that are contributing to industry consolidation.
Chinese president Xi Jinping is set to deliver a keynote speech Tuesday (April 10)
at this year's gathering, in which he will give «the most authoritative interpretation» on China's 40 years of
economic reforms and opening up,
On Wednesday,
at a White House press briefing, National
Economic Council Chair Gary Cohn and Treasury Secretary Steve Mnuchin unveiled the broad outlines of President Donald Trump's tax
reform plan.
An
economic plan designed to grow the economy 4 % per year and create
at least 25 million new jobs through massive tax reduction and simplification, in combination with trade
reform, regulatory relief, and lifting the restrictions on American energy.
Join us for a tax
reform Q&A with economist Jared Bernstein, senior fellow
at Center on Budget and Policy Priorities and former Chief Economist and
Economic Adviser to Vice President Joe Biden, on September 29
at 2 PM in The Weeds Facebook group.
They include upwards revisions in
economic forecasts, expectation of monetary tightening, rising real and nominal long - term interest rates, fiscal stimulus on a huge scale in a full employment economy, rising protectionism that should choke off import flows, and tax
reform directed
at reducing capital outflows and increasing capital inflows.
US business groups: «The U.S. Chamber is very concerned about the increasing prospects of a trade war, which would put
at risk the
economic momentum achieved through the administration's tax and regulatory
reforms,» Thomas Donohue, CEO of the US Chamber of Commerce, said in a statement.
The best way for Ukraine to gain instant credibility as a serious voice for
economic security through transparency and good governance is to put its own record up for scrutiny and implement expert recommendations on institutional
reform at home.
This seems very counterintuitive
at first, even if the history behind it is quite abundant, and very few economists seem aware of the problem (which is why most
economic forecasts mistakenly focus on the pace with which
reforms are likely to be implemented, and are always disappointed), but in fact the reasons are not so hard to understand.
In order to fulfill the campaign promise of using growth to reduce the deficit, any tax
reform plan should be
at least revenue neutral before accounting for
economic growth, so all the gains from growth can be devoted to deficit reduction.
In his meeting with provincial finance ministers on possible
reforms to the Canada Pension Plan (CPP) in December, Minister Flaherty indicated that global
economic growth was too uncertain and that the domestic economy was too fragile to consider structural changes to the CPP
at this time.
While
at the CEA, Dr. Piwowar also served as a staff economist for the Financial Regulatory
Reform Working Group of the President's
Economic Recovery Advisory Board.
But De Gregorio acknowledges the challenge they present going forward and fears that, particularly
at a time when growth in the region is slowing and external circumstances are changing, a flair for populism and the power of vested interests might undermine the process of continued
economic reforms needed to foster, among other things, shared prosperity and social inclusion.
It must also look
at ways to increase revenue growth through strengthening
economic growth and through simplifying and
reforming the tax system.
After confronting the «knowledge problem»
at the heart of discretionary monetary policy — that policymakers are unable to know the true structure of an increasingly complex and global
economic system — Dorn calls for the establishment of a Centennial Monetary Commission to evaluate the performance of the Fed over its 100 - plus years of discretionary monetary authority and to discuss how best to
reform the country's central bank.
At the moment, Prime Minister Shinzo Abe sees the rapid conclusion of the TPP as his absolute priority for at least three reasons: it counters the current crisis of the global economic order, buttresses his domestic legitimacy and represents the anchor for his structural reform agend
At the moment, Prime Minister Shinzo Abe sees the rapid conclusion of the TPP as his absolute priority for
at least three reasons: it counters the current crisis of the global economic order, buttresses his domestic legitimacy and represents the anchor for his structural reform agend
at least three reasons: it counters the current crisis of the global
economic order, buttresses his domestic legitimacy and represents the anchor for his structural
reform agenda.
Ahead of the next congress of the Chinese communist party in October, where President Xi Jinping will unveil his new leadership team, there have been indications that Chinese policymakers have increasingly shifted their emphasis away from potentially disruptive
reforms aimed
at reducing excessive debt levels, particularly among local governments, and toward stabilizing the level of
economic growth.
In my testimony before the Joint
Economic Committee earlier this month, I said that tax
reform should lead to $ 55 billion in additional fixed investment in manufacturing this year, with the sector adding
at least 100,000 more workers.
They insist that Christianity means advocating
economic reforms aimed
at greater global justice, or full scale disarmament, or the preservation of species, or gender equality, or racial integration, etc..
What has to be avoided
at all costs, in other words, is a blueprint for social
reform which in the end favors only one group in society in its quest for greater
economic and political self - determination.
Whatever the specific
reforms — and we would expect a period of experiment to see what forms are most effective — the major benefit in the democratization of the economy would be to limit the harshness of the labor market, to give everyone who works a stake in the enterprise he or she works in and even in the economy
at large, thus reducing both the anxiety and the cynicism that are rampant in our present
economic life.
Comprehensive
reform would provide documentation for most of the 11 million undocumented people currently in the U.S.. From an
economic standpoint, this seems to make sense, given employment standing
at 95 percent.
Prior to joining the Department of Labor, Ms. Sasser worked on a series of
economic and legal
reform projects
at the IRIS Center
at the University of Maryland and also worked
at the World Bank designing and conducting policy and country level evaluations in the Operations Evaluation Department.
China, for example, «had everything to gain by opening up to the world» and although it sounded a tad like a Cameron cliché, one supposes he was hinting
at a reciprocal arrangement: China's acceptance of free trade will offer opportunity and prosperity to all its citizens yet will equally be a sort of glasnost period where civic consciousness grows together with
economic prosperity, and will thus engender
reforms to the currently ossified and authoritarian Chinese state.
I give him credit for achieving
economic recovery, but
at the same time Chechnya has become a one - man - led region under the cloak of renewal and
reform.
Because they were aimed
at «social,» as well as
economic reform, American liberalism took on the connotations of socialism.
Her campaign message, directly taking aim
at Macri's «neoliberal»
economic agenda, triggered a wave a concern from international investors who overwhelmingly favor Macri's business - friendly
reform plan.
What Labour needs is a new social democratic revisionism, that heavily focuses on restructuring the welfare state, to unite communitarian and cosmopolitan voters, in an era of globalization, high inequalities, increased demands for choice, and an ageing population This requires applying the principles of solidarity, reciprocity and individual empowerment, in relation to
reforming the welfare state, to make it more effective
at tackling poverty and providing
economic security, and to satisfy rising demands for choice.
In accepting this responsibility on behalf of his colleagues, Speaker Heastie has stepped forward
at an incredibly important time for New York as a whole, and I look forward to working with him to enact an aggressive agenda that ensures
economic opportunity for all, improves and
reforms our education system, ensures justice in perception and in reality, and restores trust in our government.»
As a professor
at Fordham Law School, the author of important books on political and
economic policy, a key figure in Howard Dean's 2004 presidential campaign, and a visionary organizer on behalf of banking and business
reforms, she understands that the Democratic Party must move toward progressive populism in order to become more than a tepid alternative to Republican extremism.
Unfortunately for her, Theresa May's attempt
at a sort of neo-Bonapartism project over both Brexit and national social and
economic reform is clearly failing.
Speaking
at the 92nd Street Y, Eliot Spitzer said Mayor Bloomberg is «fundamentally in error» on Wall Street
reform; he also said Obama's
economic team gives him «much more than pause.»
Economic reform in China, in the form of competition and the rule of law, means attacking important vested interests: the state - owned enterprises responsible for about 40 per cent of output, 82 million Party members and an army of bureaucrats
at every level, many of whom benefit from corruption.
At the hearing, Robin Schimminger, the chairman of the Assembly's
Economic Development committee, said that he backs the
reforms, and that they were approved by his committee earlier this year.
«He was a remarkable man who saw the need for democratic and
economic reform and in defending that
reform he played a vital role
at a crucial time in Russia's history.»
Speaking
at the launch of an OECD report backing his
economic policy, Mr Osborne outlined an approach that would switch from a drive for «
economic stability» to an emphasis on «
economic reform».
Mr Cable's lecture, Electoral
Reform in the Wake of the
Economic Crisis, will be delivered
at 18:30 GMT tonight, in the Sheikh Zayed theatre
at LSE.
But he cautioned that the journey to democratic consolidation and
economic prosperity would not come on a silver platter, stressing: «We need to work
at it, we need to stay the course of structural
reform.»
David Cameron has called on the coalition to provide a «strong, decisive and united government» in the wake of acrimonious splits over Lords
reform, warning that the public will not stand for «division and navel - gazing»
at a time of social and
economic insecurity.