Commenting to CDR on this week's ruling, Michael Redman, director of the judgment enforcement team at Burford Capital, says the decision did not come as a surprise, «but it will fairly be seen as maintaining a line of defence for respondents to resist enforcement in cross-border cases and serves to keep
the economic balance of convenience in their favour».
In parallel, the global
economic balance of countries is shifting and will continue to shift, with the expectation that emerging market economies will overtake many western market economies over the next several decades.
Their role is to comment on the accuracy and completeness of the scientific, technical or socio - economic contents and the overall scientific, technical or social
economic balance of draft reports.
The most
economic balance of footballers in & out of the club despite the billionaires of Chelsea & Manchester City robbing his intellectual property.
Not exact matches
There is little talk
of tax cuts and
balanced budgets, items which form the
economic lodestar of the Official Opposition; think tanks such as the Fraser Institute, the Macdonald - Laurier Institute, the Atlantic Provinces Economic Council; and almost everyone who writes a column for the Financial Post, including former finance minister Joe
economic lodestar
of the Official Opposition; think tanks such as the Fraser Institute, the Macdonald - Laurier Institute, the Atlantic Provinces
Economic Council; and almost everyone who writes a column for the Financial Post, including former finance minister Joe
Economic Council; and almost everyone who writes a column for the Financial Post, including former finance minister Joe Oliver.
Today's high valuations in a time
of tepid
economic growth are particularly vexing for professional investors constrained by certain rules, says James Harper, a portfolio manager for the Templeton Global
Balanced Fund.
Outgoing Bank
of Canada governor Mark Carney famously chided corporate Canada this summer for sitting on mountains
of «dead money,» the idle dollars on
balance sheets that could instead feed
economic growth.
The authors said Trudeau's fiscal stimulus would add 0.5 % to
economic growth this year and next, allowing the economy to reach its non-inflationary level
of potential output faster than if former prime minister Stephen Harper's obsession with a
balanced budget had remained Ottawa's priority.
The IMF was once a reliable ally
of policymakers who see
balanced budgets and lower taxes as the answer to every
economic problem.
But Benko knows that in tough
economic climates like this one, he can't count on that kind
of positive cash - flow
balance to just fall into place — especially if sales also come under pressure.
Rising PRASM indicates that the two sides
of the
economic coin — supply and demand — are in
balance.
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.
So at the end
of the day, the good
economic news is being
balanced by the bad.
The boom years for employment and
balanced federal budgets in the 1990s had everything to do with the emergence
of the Internet rather than with any enlightened
economic policies.
The so - called paradox
of thrift, popularized by famed Depression - era economist John Maynard Keynes, holds that during serious
economic downturns it may be in each individual's interests to save money and repair his personal
balance sheet.
Actual results, including with respect to our targets and prospects, could differ materially due to a number
of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to
balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the
economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up
of production
of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception
of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall
of our products; ongoing uncertainty in global
economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability
of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration
of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers
of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits
of the transaction; the risk that retail customers may alter promotional pricing, increase promotion
of a competitor's products over our products or reduce their inventory levels, all
of which could negatively affect product demand; the risk that our investments may experience periods
of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity
of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization
of products under development, such as our pipeline
of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development
of new technology and competing products that may impair demand or render our products obsolete; the potential lack
of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
The
economic landscape since then has clouded over considerably, suggesting that the achievement
of a
balanced budget by fiscal 2015 - 2016 could be too rosy an assumption.
«If you look out into the medium term, the effect is okay so that we can
balance the budget in the medium term — and that is around 2014 - 2015 or so, depending on the degree
of economic growth,» Flaherty said.
Ronald Reagan spent much
of 1981 and 1982 claiming that
economic growth would
balance the budget.
«The strong improvement
of the budget
balance in 2017 was to a large extent the result
of the improving
economic environment,» Maartje Wijffelaars, an economist at Rabobank, told CNBC via email.
«Republican governors are cutting taxes, slashing spending,
balancing budgets and transforming their states into engines
of economic growth,» the group crowed.
Redeemable noncontrolling interests presented in our condensed consolidated
balance sheets relate to the equity incentive arrangements we have made available to the senior employees
of the Taxi, Classifieds and E-commerce segments, pursuant to which such persons are eligible to acquire depositary receipts, or receive options to acquire depositary receipts, which entitle them to
economic interests in the respective business unit subsidiaries.
It will require
balanced budgets during normal
economic times, and concrete timelines for returning to
balance in the event
of an
economic crisis.
The best way to safeguard financial stability and improve the
balance between
economic and financial risk taking is to put in place policies that enhance the transmission
of monetary policy to the real economy — thus promoting
economic risk taking — and address financial excesses through well - designed macroprudential measures.
In itself, it seems fairly clear, at least to me, that the current account surplus indicates that the RMB is undervalued on a fundamental basis, and that the
balance of payments deficit is caused primarily by speculative outflows, or other kinds
of outflows that are not sensitive to
economic valuation issues.
Excessive government debt will stifle
economic growth regardless
of whether its stashed in local or central government
balance sheets and if a province's fiscal situation should become unsustainable — although that's not in the cards in the near future — it'll likely be up to federal government to foot the bill for a bailout.
If you've been on the site for awhile, you have a head start because we've already discussed the importance
of a discipline known as asset allocation, which involves selecting among different asset classes to build a well -
balanced portfolio that can weather different
economic environments, tax regimes, global conditions, inflation or deflation, and a host
of other variables that history has shown will fluctuate over time.
Premier Li Keqiang's plan to have slower but better
balanced growth has run into difficulties and Beijing's struggle to transform its
economic model has prompted fears that the world's second - biggest economy could be the source
of the next global downturn.
A New
Balance Point: Global Trade, Productivity and
Economic Growth - Stephen S. Poloz, the Governor
of the Bank
of Canada, speaks at the Canada - US Securities Summit (08:55 (ET) approx.)
Using the sensitivity analysis provided by the Department
of Finance in the April Budget, a reduction in real
economic growth
of 0.6 percentage point would result in deterioration in the budget
balance of approximately $ 2.5 billion in 2015 - 16.
His biography contains elements
of an epic novel: growing up the son
of a jailed Trotskyist labor leader in whose Chicago home he met Rosa Luxembourg's and Karl Liebknecht's colleagues; serving as a young
balance of payments analyst for David Rockefeller whose Chase Manhattan Bank was calculating how much interest the bank could extract on loans to South American countries; touring America on Vatican - sponsored economics lectures; turning after a riot at a UN Third World debt meeting in Mexico to the study
of ancient debt cancellation practices through Harvard's Babylonian Archeology department; authoring many books about finance from Super Imperialism: The
Economic Strategy of American Empire [1972] to J is For Junk Economics: A Guide to Reality in an Age of Deception [2017]; and lately, among many other ventures, commuting from his Queens home to lecture at Peking University in Beijing where he hopes to convince the Chinese to avoid the debt - fuelled economic model off which Western big bankers feast and apply lessons he and his colleagues have learned about the debt relief practices of the ancient civilizations of Meso
Economic Strategy
of American Empire [1972] to J is For Junk Economics: A Guide to Reality in an Age
of Deception [2017]; and lately, among many other ventures, commuting from his Queens home to lecture at Peking University in Beijing where he hopes to convince the Chinese to avoid the debt - fuelled
economic model off which Western big bankers feast and apply lessons he and his colleagues have learned about the debt relief practices of the ancient civilizations of Meso
economic model off which Western big bankers feast and apply lessons he and his colleagues have learned about the debt relief practices
of the ancient civilizations
of Mesopotamia.
These include publishing: • Historical estimates and medium - term projections
of the economy's potential GDP, as well as the methodology and assumptions used; • Medium - term projections
of the Government's structural, or cyclically - adjusted budget
balance as well as the methodology and assumptions used; • The assumptions, projections and methods to translate the private sector
economic forecasts into its fiscal forecasts; and • The fiscal sustainability analyses
of the provincial - territorial government sector that it prepared.
Our patient investment approach and highly regarded turnaround capabilities have helped dozens
of portfolio companies fix ailing
balance sheets, address competitive and
economic challenges and focus on implementing effective, value - driven business plans.
Nominal
economic growth would have to slow very dramatically over the
balance of the year — much more than assumed in the November 2012 Update.
The Update incorporates the October average private sector
economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14, as well as an increase in employment insurance rates
of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the
balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion
of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).
This can happen very naturally as a matter
of course because
economic fundamentals deteriorate, or because there is a change in rules or regulations that disrupts the
balance between supply and demand.
Where these
balance sheet improvements are most advanced, future financial distress will look more like what we typically see in instances
of financial stress in the major economies — substantial asset price volatility and the potential for substantial financial losses, but less in the way
of a significant disruption to either short - run or long - run real
economic growth.
Two decades
of «miracle» levels
of investment - driven growth, the role
of the financial sector in that growth, and the unrealistic expectations that Chinese businesses, banks, and government entities had consequently developed, reinforced by sell - side cheerleaders, made it obvious that the interlocking
balance sheets that make up the Chinese economy had added what was effectively a highly «speculative» structure onto the way
economic entities financed their operations.
The current monthly results, along with the surprising better - than - expected
economic growth for the second quarter
of 2014, strongly suggest that the federal government will post a surplus in 2014 - 15, one year ahead
of their political commitment to
balance the budget in 2015 - 16.
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Lutz - Christian Funke, executive director
of KfW, The World's Safest Bank for several consecutive years, discusses with GFMag editor Andrea Fiano Germany's political
balancing act and
economic stability, Europe's refugee problem, and KfW's collaborations with other European banks and political agencies.
The 2018 budget largely evades both options in a chapter entitled Path to
Balance: it's 15 pages thick with handy - dandy charts,
economic assumptions
of modest growth, and holds out the expectation that the Trans Mountain pipeline expansion will go ahead and bring further prosperity to Alberta.
The PRC sets ranges for the
balanced asset mix and makes tactical adjustments based on bottom - up forecasted returns, relative valuations and an assessment
of economic and market data.
Tim Manning served as Chair
of the Greater Vancouver Board
of Trade in 2015 - 16 — a year in which the organization made headlines by achieving a gender -
balanced board
of directors, released its milestone report the Greater Vancouver
Economic Scorecard 2016, and adopted a new name and regional identity, following a historic vote by its Members.
As we have indicated, the achievement
of a
balanced budget in 2015 - 16 is not an
economic or fiscal imperative, although the Government has made it a political imperative.
As a result, the impact
of capital spending on the budgetary
balance is spread out over its
economic life, thereby minimizing its impact on the budget
balance.
However, the slower - than - expected
economic growth in 2013 and the accompanying lower level
of nominal income in 2013 - 14 results in a «status quo» (before budget actions) deficit
of $ 18.7 billion Subsequently, the status quo budgetary
balance is actually lower that forecast in the November 2012 November Update.
The proposed BBL should include adjustments to PBO's mandate to include the dating
of the
economic cycle, estimating the cyclically - adjusted and the structural
balance, verifying the costs
of the extraordinary circumstances, measuring the government's compliance to the law, among others.
In my September 1 blog entry I argued that economists typically focus on managing the asset side
of the
balance sheet, and almost never on the liability side, because they implicitly understand both the extent and the nature
of economic growth to be almost wholly a function
of the ways in which assets are managed.
Explains how changes in the value
of the Australian dollar affect
economic activity and inflation in Australia, along with the nation's
balance of payments.