In his 2005 book, «It Takes a Family,» he had chapters on
economic capital as well as social capital, moral capital, cultural capital and intellectual capital.
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.
Actual results and the timing of events could differ materially from those anticipated in the forward - looking statements due to these risks and uncertainties
as well
as other factors, which include, without limitation: the uncertain timing of, and risks relating to, the executive search process; risks related to the potential failure of eptinezumab to demonstrate safety and efficacy in clinical testing; Alder's ability to conduct clinical trials and studies of eptinezumab sufficient to achieve a positive completion; the availability of data at the expected times; the clinical, therapeutic and commercial value of eptinezumab; risks and uncertainties related to regulatory application, review and approval processes and Alder's compliance with applicable legal and regulatory requirements; risks and uncertainties relating to the manufacture of eptinezumab; Alder's ability to obtain and protect intellectual property rights, and operate without infringing on the intellectual property rights of others; the uncertain timing and level of expenses associated with Alder's development and commercialization activities; the sufficiency of Alder's
capital and other resources; market competition; changes in
economic and business conditions; and other factors discussed under the caption «Risk Factors» in Alder's Annual Report on Form 10 - K for the fiscal year ended December 31, 2017, which was filed with the Securities and Exchange Commission (SEC) on February 26, 2018, and is available on the SEC's website at www.sec.gov.
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.
Emerging markets also account for over 50 % of world GDP, and have been responsible for the lion's share of global growth ever since the 2008 financial crisis, but
capital has flooded out of them
as the Federal Reserve has tightened its monetary policy and the limits of China's
economic model have become apparent.
The overriding
economic theme right now is a generational shift in
capital from employers to employees, and data out Friday showed this shift
as clearly
as anything we've seen.
Soho House was founded in London in 1995
as a hub for those with
as much social
capital as the
economic kind.
Slow
economic growth, increasing extreme weather events and volatility in
capital markets made the insurance business tumultuous in recent years, with employees facing upheaval in their day - to - day roles
as well
as layoffs.
They saw the project
as the next step in Nashville's transformation from country - music
capital into a regional and even national
economic force.
For years, the world has watched
as China posted
economic growth rates three times
as fast
as the United States, built on the back of government - directed
capital investment and massive exports to the wealthy world.
During periods of adverse changes in general
economic, industry or competitive conditions, such
as we experienced in calendar years 2008 and 2009, some of our vendors may experience serious cash flow issues, reductions in available credit from banks, factors or other financial institutions, or increases in the cost of
capital.
Keeping on subsidizing southern Ontario businesses and wading into the venture
capital game do not exactly square with Flaherty's small - c conservative description of government's proper
economic role
as «benign and silent.
The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify
as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures: market price of
Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on i
Capital Stock, earnings per share of
Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on i
Capital Stock, income, net income or profit (before or after taxes),
economic profit, operating income, operating margin, profit margin, gross margins, return on equity or stockholder equity, total shareholder return, market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on
capital, return on i
capital, return on invested
Now, The
Economic Times reports that Paytm Mall has approached Temasek and China's Primavera
Capital Group for an additional Rs 1,000 crore
as it seeks to expand its footprint in the country's online retail market.
In this episode of the Tony Robbins Podcast, you will hear from Ashwin Vasan — CIO of macro hedge fund Trend
Capital —
as he discusses how he built one of the most successful hedge funds during an
economic winter, and the current global trends that may have a tremendous impact on your investment decisions.
As a Director of
Economic and Energy Affairs for an Abu Dhabi based Authority, Abdulla leads a team that conducts targeted research and provides strategic economic policy advice to the senior leadership of two distinctive authoritative bodies within the
Economic and Energy Affairs for an Abu Dhabi based Authority, Abdulla leads a team that conducts targeted research and provides strategic
economic policy advice to the senior leadership of two distinctive authoritative bodies within the
economic policy advice to the senior leadership of two distinctive authoritative bodies within the
capital.
As shown in our free report on CL, the company's return on invested
capital (ROIC)(21.2 %) is in the Top Quintile of all the companies we cover and its
economic earnings are growing.
This implies a slowdown in reforms that increase the private sector's productivity and
economic share, together with a greater
economic role for state - owned enterprises (and for state - owned banks in the allocation of credit and savings),
as well
as resource nationalism, trade protectionism, import - substitution industrialisation policies, and imposition of
capital controls.
Figure 1 shows that the difference between return on invested
capital (ROIC) and weighted average cost of
capital (WACC), also known
as the
economic earnings margin, explains 67 % of the changes in valuations between stocks in the S&P 500 [1].
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.
In 2016, the Far East Federal District's trade with China amounted to $ 6 billion, accounting for 25 percent of its foreign trade volumes.47 In a meeting with the vice premier of China's State Council, Putin stated that Chinese investment in the Russian Far East has exceeded $ 3 billion since 2015.48 According to Minister for the Development of the Russian Far East Alexander Galushka,
as of November 2017, the number of projects in the PDAs and the Free Port of Vladivostok involving Chinese
capital tripled in the past year to twenty - eight projects worth $ 4 billion that account for 85 percent of foreign investment attracted to the Russian Far East since 2015.49 At the Third Eastern
Economic Forum in September 2017 — an annual conference to attract foreign investment to the Russian Far East — Putin even used these investment figures in jest to encourage Japanese Prime Minister Shinzo Abe to increase Japanese investments in the Russian Far East.50
The Creative Destruction Lab leverages the Rotman School's leading faculty and industry network
as well
as its location in the heart of Canada's business
capital to accelerate massively scalable, technology - based ventures that have the potential to transform our social, industrial, and
economic landscape.
Unfortunately, Mr. Krugman's failure to see today's
economic problem
as one of debt deflation reflects his failure (suffered by most economists, to be sure) to recognize the need for debt writedowns, for restructuring the banking and financial system, and for shifting taxes off labor back onto property,
economic rent and asset - price («
capital») gains.
As this current
economic cycle draws towards its close, preserving
capital becomes an increasingly important metric.
Economic polarization between creditors and debtors is aggravated by tax cuts for the wealthy and a reclassification of financial and real estate returns
as capital gains or various forms of untaxed «reserve» funds.
Assuming that the total amount of bad debt in the banking system exceeds total bank
capital — something which is almost certainly true — the conversion of debt which can not be serviced into an equity position that is unlikely to generate much more (and in an
economic downturn, which is when we are most concerned about the debt burden, we can assume that the decline in value of these equity positions will be highly correlated) leaves the net indebtedness of the banking system unchanged, and so the contingent liabilities of the government are unchanged even
as reported debt in the system declines.
The
capital of North Dakota, Bismarck serves
as the
economic center of both North and South Dakota.
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.
But the domestic spending only represents a genuine
economic boost if it would not be spent otherwise, on something else,
as the consultancy
Capital Economics points out in a report to be published on Thursday.
Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that
as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return
capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other
economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016,
as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.
Not only is that not true —
as it is a reflection of Fed policy rather than
economic fundamentals — certain sectors like
capital spending and manufacturing are in recession already.
He utilizes many different incentive arrangements, with their terms dependent on such elements
as the
economic potential or
capital intensity of the business.
«It will be hard to fight positive European [
capital] flows in 2018,» he says, noting that European equity inflows picked up last year
as the political and
economic outlooks improved.
Investors turn to gold for safety when they perceive that risks are rising including financial,
economic and currency risks
as well
as political risks affecting ownership rights such
as expropriation, a
capital controls and increased taxation.
She currently writes about tech, venture
capital, startups, innovation,
as well
as sustainability and issues around international
economic development.
As with Fed funds, reverse repo rates, Interest on excess reserves, and LIBOR, the price of gold pings an important signal as to risk, the cost of capital, the state of the financial markets, and economic well - being in genera
As with Fed funds, reverse repo rates, Interest on excess reserves, and LIBOR, the price of gold pings an important signal
as to risk, the cost of capital, the state of the financial markets, and economic well - being in genera
as to risk, the cost of
capital, the state of the financial markets, and
economic well - being in general.
Other
economic policies include reducing the regulatory burden for small businesses and northern development; a new $ 75 million venture
capital fund to help businesses commercialize new technology developments; a $ 900 million Strategic Aerospace and Defence Initiative and a $ 250 million Automotive Innovation Fund to support these industrial sectors; a $ 1 billion Community Development Trust to support communities and workers in struggling industries; a commitment to reduce inter-provincial trade barriers by 2010; pursuing new trade agreements with emerging markets;
as well
as a reorganization of federal regional development strategies.
In addition, amid persistently easy policy, company leaders had a difficult time gauging the true level of U.S.
economic growth, and
as a result, many corporations delayed committing
capital until they had more clarity.
Treasury international
capital is used
as an
economic indicator that tracks the flow of Treasury and agency securities,
as well
as corporate bonds and equities, into and out of the United States.
Non-tariff concerns including services and
capital - flow restrictions, operating and supply management and provisions such
as Buy America challenge efforts to promote deeper regional
economic linkages.
Even
as economic and business conditions have improved over the years, many of these companies continue to be cautious about investing
capital to improve productivity.
«Those companies that support the mining industry from a
capital equipment perspective or project perspective, such
as FLSmidth, have fewer opportunity with increased competition during depressed
economic times, making business conditions challenging,» notes Osborn.
Rhoades identified the issue
as «huge mistrust» for Wall Street: ``... The problem is, if we don't have trust in our system, we don't have [individual investors] participate in our
capital markets... and that will result in reduced
economic growth in our country.»
This builds off of Part Iwhere we discussed the gender disparities in venture
capital, and how solving for those issues creates great financial opportunities for investors,
as well
as assuring our country's
economic competitiveness.
Lack of banking limits access to
capital and prevents
economic development and business creation
as people can't borrow.
«Bank of America's Neighborhood Builders program is just one example of how we deploy
capital in communities and build cross-sector partnerships in order to advance
economic and social progress,
as part of our approach to responsible growth.
If you own shares of McDonald's, Johnson & Johnson, an S&P 500 index fund, or any other countless security, when you glance over your reports, you should know exactly why you own them — how much you expect earnings per share to rise over the next decade, management's
capital allocation policies (dividends vs. share repurchases vs. debt reduction vs. acquisitions, vs. growing organically),
as well a legal and
economic trends that might affect your position.
This research area covers the evaluation of the costs and benefits of
capital projects of Canadian governments, such
as roads, ports or public utilities, of financing modes for such projects, such
as public - private partnerships, and the contribution of public infrastructure to
economic growth.
So,
as a small business owner, the substantive relationship you have with your local banker, or the social
capital you've built within your community over years, if not decades — which propels enormous goodwill, customer loyalty, and
economic value — means little, if anything, to regulators.
In the Greater Vancouver
Economic Scorecard 2016, the attraction, development, and retention of human
capital was identified
as a top priority for our region.