Wealthier Democrats («limousine liberals») have the luxury of being able to care passionately about solving the problem, whether or not it slows
economic growth rates by a fraction.
«Since student performance on international tests such as PISA is closely related to long - term economic productivity growth, increasing U.S. students» proficiency levels to those attained in Canada would increase
our economic growth rate by some 50 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.
The bank cited the prospect of slower
economic growth in Canada brought about
by lower oil prices as one reason for moderating the
rate.
Indeed, the evidence I reviewed does not support the view — expounded
by the new Bank of Japan management — that
by buying more longer - dated securities (i.e., running printing presses a bit faster) will boost upward pressures in labor and product markets to bring stronger
economic growth and an inflation
rate of 2 percent.
Shipping, which has been hit
by years of overcapacity and slow
economic growth, saw early signs of a turnaround in early 2017, but freight
rates fell in the second half.
Economists at Macroeconomic Advisers boosted their forecast for fourth - quarter
economic growth by three - tenths of a percentage point to an annualized
rate of 2.4 percent, on the «unexpected strength» in consumer spending.
One of the ways he plans to do all this, according to comments he delivered to the Detroit
Economic Club in early February, is
by returning the economy to a 4 percent annual
growth rate, which the U.S. has not consistently experienced since the 1980s and 1990s.
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.
Republicans talk of sparking
economic growth rates in the range of four per cent, but models run
by non-partisan forecasters, such as the Wharton business school at the University of Pennsylvania, predict only a modest increase over the shorter term.
«Our «rational exuberance» rests on a combination of above - trend US and global
economic growth, low albeit slowly rising interest
rates, and profit
growth aided
by corporate tax reform likely to be adopted
by early next year,» Kostin said in a report for clients.
The top beneficiary of the Trump rally so far has been the banking industry, with bets driven
by the potential for higher lending
rates and stronger
economic growth in the coming months, not to mention the president - elect's pledge to reject any new financial regulations.
Recent
economic data point to some
growth firming, inflation remains hard to find and long - term
rates are up
by barely 10 basis points (bps) from where they started the year, according to data accessible via Bloomberg.
In the budget there are bold vows — oddly reminiscent of China's annual edicts for
economic growth rates — about boosting exports
by 30 % in the next eight years (even though exports have climbed just 2.9 % from eight year ago).
Barring an
economic miracle, GDP
growth will be modest, coming in at or below the
rate predicted
by the IMF.
For instance, the federal government's Community Development Block Grants, which are dispensed
by local communities for
economic growth, require that contractors hired
by the borrower pay the prevailing wage
rate for that location.
Finally, in a nominal GDP targeting regime, a decline in r - star caused
by slower trend
growth automatically leads to a higher
rate of trend inflation, providing a larger buffer to respond to
economic downturns.
The reason fairness would require that this ratio be equal to one is that, as argued
by the Italian economist Luigi Pasinetti in his 1981 book, Structural Change and
Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations, a fair interest
rate is such that the purchasing power of one hour of labour stays constant through time even when its monetary equivalent is lent or borrowed.
With the global economy «floating on an ocean of credit,» the current acceleration of credit via central bank policies will likely produce a positive
rate of real
economic growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural distortions brought about
by zero bound interest
rates will limit that
growth and induce serious risks in future years.»
OTTAWA, Oct 19 (Reuters)- The Bank of Canada cut its
growth forecast on Wednesday and said it actively discussed adding more monetary stimulus to speed up the nation's
economic recovery, surprising financial markets
by shifting tone dramatically after its initial
rate decision.
Achievement of these goals was considered
by the HRC as very challenging, even aggressive, given the expected modest
economic growth for 2007 for the financial services industry, the impact and duration of the on - going flat / inverted yield curve (meaning short - term interest
rates that are virtually equal to or exceed long - term interest
rates, thus lowering profit margins for financial services companies that borrow cash at short - term
rates and lend at long - term
rates), potentially higher credit losses, fewer available high - quality, high - yielding loans and investment opportunities, and a consumer shift from non-interest to interest - bearing deposits.
Still, some investors expressed concern that
economic growth has moderated and that future interest -
rate increases
by the Federal Reserve could slow
growth.
Indeed, history reminds that softer
economic growth (or contraction) tends to be accompanied
by lower interest
rates.
Posted
by Nick Falvo under Bank of Canada, banks, China, Conservative government,
economic crisis,
economic growth, employment, exchange
rates, financial markets, GDP, global crisis, interest
rates, international trade, labour market, macroeconomics, manufacturing, monetary policy, recession, Role of government, unemployment, US.
We expect the Fed to raise
rates just once this year — likely in December — and to proceed cautiously given the unevenness of the domestic
economic recovery, as highlighted
by weak retail sales data released last week, and global
growth uncertainties.
Such a
rate of return would imply that the majority of
economic growth in society would be swallowed
by equity investors.
Posted
by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits,
economic crisis,
economic growth, employment, exchange
rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest
rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.
Theoretically, this means that
by lowering the interest
rate, the Federal Reserve can spark
economic growth, and
by increasing
rates, they can keep inflation from rising too quickly.
Over the long - term, market interest
rates are driven
by economic growth, inflation expectations and other extraneous factors.
Those interest
rates had been 0 % from 2006 through the end of 2015 as the Fed tried to stimulate
economic growth by making it easier to receive a loan.
Countries can force up
economic growth rates (actual the
growth rate of
economic activity) simply
by mobilizing savings and forcing up investment
rates, but ultimately their inability to absorb continuously the higher levels of capital mean that they can not push real wealth per capita beyond some fairly hard constraint represented
by their institutional inability to absorb investment.
«
By immediately lowering the corporate tax
rate to 20 percent, this bill will stimulate investment, job creation and
economic growth in the United States,» said Randall Stephenson, AT&T chief executive.
That framework's been in place since the early 1990s, we have hit the target over that 20 year period, the average inflation
rate's pretty close to 2.5 per cent, so we regard that as successful
by the terms of the definition that we set ourselves and I think that's made a big contribution to
economic stability more generally and I don't think it's an accident that that period of fairly low predictable inflation has coincided with pretty good sustained
growth in the economy.
Posted
by Armine Yalnizyan under Bank of Canada, Conservative government,
economic growth, free markets, free trade, G - 20, inflation, interest
rates, international trade, macroeconomics, monetary policy, Role of government, stimulus, unemployment.
Instead, the arithmetic of
economic expansion - employment
growth plus productivity
growth - is already constrained
by a 4.6 % unemployment
rate and a deficit on current account, and seems unlikely to be helped
by the current policy direction, aside from rather short - lived effects.
Posted
by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits,
economic growth,
economic models,
economic thought, employment, Europe, exchange
rates, federal budget, fiscal policy, household debt, housing, inflation, interest
rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.
While the returns of these bonds are affected
by interest
rates, they are also responsive to the overall
economic cycle as well as the
growth prospects of the issuing firm.
As with forward guidance, this can enhance the impact of lower policy
rates by spreading the effect to a wider range of borrowers, thereby boosting
economic growth.
This is the next great challenge for Beijing, and when the regulators finally do start to repair overextended balance sheet, with a much higher debt - to - GDP ratio than any other country at China's stage of
economic development, according to a presentation Monday night
by my very smart former student, Chen Long, I expect annual GDP
growth rates will continue dropping steadily,
by 1 - 2 percentage points a year through the rest of this decade (and there has been increasing talk in the past month or two that GDP
growth rates are already 1 - 2 points below the printed
rates).
Monetary policy can also stimulate
economic growth by reducing interest
rates through purchases of government bonds.
The
growth rate of real gross domestic product (GDP) measured
by the U.S. Bureau of
Economic Analysis (BEA) is a key metric of the pace of economic a
Economic Analysis (BEA) is a key metric of the pace of
economic a
economic activity.
Posted
by Nick Falvo under corporate income tax, debt, deficits,
economic growth, fiscal policy, income tax, interest
rates, monetary policy, progressive
economic strategies, public services, taxation.
Many economists think a Powell - led Fed may step up the pace of
rate hikes if
economic growth accelerates this year, boosted
by the new $ 1.5 trillion tax cut package.
This example has been used
by economists to show that allowing pass - through entities to pay lower tax
rates doesn't actually spur
economic growth.
(3) Iceland's economy is slated to grow
by 2.6 % in 2012, which is even faster than Sweden's
economic growth rate.
This was because expected
economic growth rates, inflation expectations, and the real
rates required
by investors differed.
Reflecting indications that US
economic growth remains robust and concerns that inflationary pressures may be building, markets are now expecting the federal funds
rate to reach 3 1/4 per cent
by August, which implies 25 basis point increases at three of the next four FOMC meetings (Graph 17).
Economic growth fell to a five - year low of 7.3 percent last quarter but investor sentiment was recharged
by Beijing's surprise interest
rate cut Nov. 22 that is expected to put a floor under the slump.
Economic growth fell to a five - year low of 7.3 percent in the latest quarter but investor sentiment was recharged
by Beijing's surprise interest
rate cut Nov. 22 that is expected to put a floor under the slump.
If the whole thing — the rises in stock prices, in corporate earnings, in the housing market, even in job
growth — is driven solely
by the flood of money, or whether five years of zero - interest
rates and trillions of dollars in bond purchases have succeeded at getting a more resilient
economic engine for the United States up and running.