Energy Sector Reform and General
Economic Reform From 1995 to 2000, Russia took important steps forward in energy - sector reform, but many of the goals set in 1995 were not achieved, due largely to the poor performance of the overall economy.
Continued talk of
economic reform from Japan's new government has led to a weakening of the yen and a rally in Japan's stock market.
Not exact matches
The 32 - year - old crown prince has made waves in Saudi Arabia for the
economic and cultural
reforms he has promoted since being named heir to the throne, the most notable
reforms ranging
from the much - vaunted «Vision 2030» to diversify the economy away
from oil, to lifting a ban on cinemas and women driving in Saudi Arabia.
But one thing is certain: either Italy gets some form of government and continues credible
economic reforms and fiscal consolidation, or the markets - with active help
from Germany et al. - will force Rome in an IMF - EU - ECB ward where these policies will be imposed.
U.S. government debt yields rose Monday amid growing optimism over tax
reform from Washington and strong
economic data.
But the projected bump
from President Donald Trump's tax
reforms are expected to help compensate the banks with even bigger future profits south of the border due to tax savings and increased
economic activity.
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.
Despite making some moves toward
economic reform in 2012, the North suffers
from chronic capital shortages.
Fuel theft is fast becoming one of Mexico's most pressing
economic and security dilemmas, sapping more than $ 1 billion in annual revenue
from state coffers, terrorizing workers and deterring private investment in aging refineries that the government, following a 2014 energy
reform, hoped instead would be thriving with foreign capital.
In terms of sector benefits, the firm upgraded industrials to overweight «as the sector benefits
from solid capex trends, anticipated tax
reform, and strong global
economic growth.»
The latest talking point about how unfair capitalism is comes
from Rolling Stone, where Occupy Wall Street organizer Jesse Myerson writes about The Five
Economic Reforms Millennials Should Be Fighting For.
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.
In contrast, China's state media described Xi's promises as simply the next stage in the country's
economic restructuring and
reform, albeit with the caveat that countries that «frequently launch trade wars against other countries» would not benefit
from it.
Macron's
reforms to cut housing taxes paid by the French middle class could lead to further growth in demand that should drive further strong loan growth in the mortgage area, which is already benefiting
from the improving
economic backdrop.
On the broader economy, Federated's Macro
Economic Policy Committee recently nudged up its forecast for real 2018 GDP growth a tick to 3.0 %, in part on the anticipated stimulative effects
from tax
reform, including increased business and consumer spending.
Much of China's early poverty reduction came
from agricultural
reforms, but its incredible sustained
economic growth since 1981 came principally
from exports.
Michael Hudson: The missing item in today's
economic reforms is what classical economics focused on,
from the French Physiocrats through Adam Smith, John Stuart Mill to Marx and his contemporaries: freeing industrial economies
from the rentier carry - overs of European feudalism.
But there is something profoundly troubling about speculators in Puerto Rican debt reaping windfalls even as estimates of hurricane damage are revised up, tax
reform legislation undermines Puerto Rican competitiveness, out - migration increases, political cleavages increase, layoffs
from the public sector are set to increase and outside observers become more pessimistic about Puerto Rico's
economic prospects.
To a large extent, the evolutionary shift reflected the absence of a catalytic crisis such as the radical program of
economic reform that occurred in New Zealand following a prolonged period of poor
economic outcomes, or in the case of the UK and Sweden, the sudden departure
from the ERM.
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 October 1991 I received a call
from Moscow, telling me that Yegor Gaidar [24] was likely to become the head of Yeltsin's
economic team, and that Russia would launch radical market
reforms with or without the rest of the Soviet Union.
As expected, among the most enthusiastic cheerleaders of the
reform are members of Trump's inner circle, including
economic adviser Gary Cohn and Treasury Secretary Steven Mnuchin, who insists that the
economic growth that results
from the tax cuts will sufficiently self - finance the costs of the tax cut.
But expecting massive unprecedented
economic gains
from any tax
reform is unrealistic; especially
from one that is deficit - financed.
But the pain
from economic reforms in Argentina and Brazil could make voters reconsider, if it's not accompanied by growth.
How» Conditions» can Improve: Changing the Focus
from Macro to Micro While markets seem focused on macroeconomics, I continue to believe that the key to improving global
economic growth is microeconomic
reform.
Brazil's President Michel Temer said on April 17 he expects some of his ministers to resign after they were implicated in a massive corruption investigation, but said this would not stop his government
from pursuing landmark
economic reforms.
Some investors now fear that the first quarter will be the peak earnings quarter of the cycle, given some one - off impacts
from US tax
reform and a modest slowdown in global
economic growth.
This is not the view of real wealth and
economic growth that 19th - century classical economists had in mind when they set out to
reform the economy by freeing markets
from the claims of earned income and special interests.
We continue to favor cyclical sectors, like Consumer Discretionary, Financials, Industrials, and Health Care, as they are likely to benefit the most
from policy
reform and an increase in
economic growth.
In the most current round of hostile words and phrases
from Europe's largest debtor country, Germany's Wolfgang Schaeuble warned Athens» brinkmanship above employing
economic reforms could consequence in a «Grexident».
Mr. Luskin is not scared by the current lofty levels, relying on forward earnings and his expectations of powerful
economic side - effects
from the tax
reform.
BRUSSELS (Reuters)- Euro zone
economic growth will slow this year and next
from a peak expansion in 2017, the European Commission forecast on Thursday, underlining the need to quickly implement euro zone
reforms while the expansion is still strong.
This multi-year project brings together top experts
from the United States, Myanmar, and the Asia - Pacific to explore the challenges and opportunities posed by Myanmar's regional re-emergence and its ongoing political and
economic reforms.
Uncertainty about labour market
reforms, the adequacy of pension systems and future
economic conditions may also be discouraging consumers
from spending, especially in Germany where these issues have received much publicity.
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 a US - China Business Council survey, 57 percent of U.S. companies operating in China say they have yet to see any impact
from a sweeping package of
economic reforms Xi unveiled four years ago.
BRIDGING THE GAPS By Gordon Platt Jordan has a difficult road ahead as it implements
economic and political
reforms as part of an IMF loan package and deals with the spillover
from unrest in neighboring countries.
Reform advocates say
economic growth rates will plunge, undermining the ruling party's claim to power, if industries
from energy to telecoms to banking that are controlled by state companies are not opened to competition.
While editors continued to commend Roosevelt for his courage in producing a
reformed economic order, they also began to distance themselves
from him within a year after his reelection.
The range of Muslim activists» viewpoints — which range
from advocating socio - political -
economic reform to seeking violent revolutionary action — presents a challenge of terminology.
Against the entrenched opposition of those who had long profited
from the cronyism of
economic life in the Papal States, Consalvi worked hard to
reform and rationalize Vatican finance, and instituted a program of free trade in the Papal States.
Modernists and their allies may increasingly evaluate
economic performance
from the perspective of social
reform.
Lifting the wretched of the earth out of their misery will require a combination of thoroughgoing
economic and political
reforms in the poor countries and substantial aid
from the developed countries.
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.
Former world chess champion Bobby Fischer, who is on the run
from U.S. authorities for tax evasion and for flouting
economic sanctions against Yugoslavia with his $ 5 million 1992 match against his old rival Boris Spassky in Belgrade, apparently hasn't
reformed.
The current crisis is worsening the
economic situation and seriously endangers the ambitious — and often popular - social programmes launched by the president in the past ten years such as the exemption of health - care user fees
from pregnant mothers and children below five, free schools, a
reform of primary school, and a new health insurance scheme.
(*
Reforms were initiated under an INC government, but under pressure
from the rise of the BJP and global institutions such as the IMF, during an
economic crisis in 1991)
Rhodes sought to channel the enthusiasm of Britain's nascent democracy towards a powerful assertion of national superiority, in order to distract the masses
from their own exploitation, derail plans to redress
economic inequality through social welfare
reform, and legitimise an
economic agenda pursuing the interests of a small financial elite.
Economic stability within a
reformed EEA, which recognised the legitimate concerns of non-EU countries over open - ended migration
from the EU, could provide either an interim or a permanent status for the UK in 2019.
Cuomo I hope in 2012 switches his priorities
from the
economic priorities to
reform.