«Unless we continue to have disastrous
economic results for the next two decades, rates are going to increase.»
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.
During that time
for millennials, he says, «if they weren't experiencing
economic turmoil themselves, they got to experience it through their parents, and that
resulted in anxiousness.»
Secondly, if your small businesses or nonprofit is located in a declared disaster area and you have lost money as a
result of a disaster — even if you did not sustain physical damage — you could be eligible
for an
Economic Injury Disaster Loan.
But uncertainty over whether the Fed feels
economic conditions are appropriate
for such easing, along with questions about how much the bank might cut back, have
resulted in volatility where daily, triple - digit moves have become almost routine.
«Ending DACA would place severe
economic strain on businesses around the country, putting them into the impossible and extremely costly position of having to fire productive employees
for no other reason than an arbitrary change in federal policy, potentially
resulting in backlash from other employees, or their broader community,» the report reads.
Actual operational and financial
results of SkyWest, SkyWest Airlines and ExpressJet will likely also vary, and may vary materially, from those anticipated, estimated, projected or expected
for a number of other reasons, including, in addition to those identified above: the challenges and costs of integrating operations and realizing anticipated synergies and other benefits from the acquisition of ExpressJet; the challenges of competing successfully in a highly competitive and rapidly changing industry; developments associated with fluctuations in the economy and the demand
for air travel; the financial stability of SkyWest's major partners and any potential impact of their financial condition on the operations of SkyWest, SkyWest Airlines, or ExpressJet; fluctuations in flight schedules, which are determined by the major partners
for whom SkyWest's operating airlines conduct flight operations; variations in market and
economic conditions; significant aircraft lease and debt commitments; residual aircraft values and related impairment charges; labor relations and costs; the impact of global instability; rapidly fluctuating fuel costs, and potential fuel shortages; the impact of weather - related or other natural disasters on air travel and airline costs; aircraft deliveries; the ability to attract and retain qualified pilots and other unanticipated factors.
Such factors include, among others, general business,
economic, competitive, political and social uncertainties; the actual
results of current and future exploration activities; the actual
results of reclamation activities; conclusions of
economic evaluations; meeting various expected cost estimates; changes in project parameters and / or
economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled «Risk Factors» in the Company's Annual Information Form
for the year ended December 31, 2017 dated March 15, 2018.
The EU has set out its draft guidelines
for trade talks which warn that the U.K.'s current position on Brexit will
result in «negative
economic consequences.»
«Contrary to what some people in the business world think, the 1990s were not that different from the 2000s
for top - line
economic performance
results — GDP and employment growth,» says Finlayson.
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.
Economists said the
results pointed to a mixed picture
for the German economy, a key pillar of the euro zone's
economic health.
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.
With housing a tailwind
for U.S. activity and a potential headwind
for Canadian activity, we believe Canada is in
for a prolonged period
economic underperformance with the
result being an even lower loonie
for several years.»
Markets have been on edge over elevated trade rhetoric between the two countries possibly
resulting in a potential trade war, which would be a negative
for global
economic growth.
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.
A Ted Talk by British researcher Richard Wilkinson,
for example, focuses on the harm to society that
results from
economic inequality — notably the gaps within (not between) societies, which includes life expectancy, literacy, infant mortality, crime, teenage births, obesity and mental illness.
We joined this council with the intent to be a voice
for working people and real hope that it would
result in positive
economic policy, but it has become yet another broken promise on the President's record.
Among the factors that could cause actual
results to differ materially are the following: (1) worldwide
economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events
resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K
for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
«As a
result, the government sector will detract from
economic growth
for the first time since the late 1990s.»
The question is whether its new president has the capacity to harness its
economic might and deliver
results for her country.
But as the global fi nancial crisis spread, Ireland became one of its worst victims, with the IMF predicting its GDP would shrink by 13.5 % by 2010, the worst
result for any advanced country, and among the worst peacetime
economic contractions ever seen.
I've had my eye on Israel
for several years now, since working on my book, Sex, Bombs and Burgers, and learning that much of the country's
economic success over the past few decades has been the
result of a meshing between technology and the military.
That range was determined in March to be cost effective by the independent Institute
for Clinical and
Economic Review (ICER)
for highest risk patients assuming the drug
results in a sustained reduction in cardiovascular - related deaths.
«Our model and
results imply that activating people's best - self concepts is beneficial both
for humanistic and
economic reasons,» write the authors.
These risks and uncertainties include competition and other
economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors
for various services; adverse
results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may
result in unexpected adverse operating
results.
«In addition to a growing need
for international exchange
resulting from China's
economic development, local governments» increased subsidies are driving Chinese carriers» global route expansion,» Shanghai - based Cadas said in a report released Thursday.
The USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) is a quarterly
economic index designed to gauge the outlook
for, and
resulting confidence in, the commercial construction industry.
If expectations are forward - looking, and if
economic agents think some part of the debt will have to be paid
for by printing money, higher interest rates might be the
result, or higher wages.
Airline companies may be adversely affected by a downturn in
economic conditions that can
result in decreased demand
for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs.
The late MIT economist Rudiger Dornbusch made an extensive study of the
results of populist
economic programmes around the world, finding that while they sometimes had immediate positive
results, over the medium - and long - term they were catastrophic
for the working class in whose name they were launched.
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»).
Airline Companies may be adversely affected by a downturn in
economic conditions that can
result in decreased demand
for air travel and may also be significantly affected by changes in fuel prices, labor relations and insurance costs.
Most forecasters update their forecasts on a quarterly basis, following the release of the Canadian
economic accounts by Statistics Canada (first quarter
results published in May, second quarterly
results in August, third quarter
results in November and fourth quarter and preliminary estimate
for year as a whole in February of the following year).
Factors that could cause actual
results to differ include general business and
economic conditions and the state of the solar industry; governmental support
for the deployment of solar power; future available supplies of high - purity silicon; demand
for end - use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility - scale project approval process; delays in utility - scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20 - F filed on April 27, 2017.
Factors that could cause actual
results to differ include general business and
economic conditions and the state of the solar industry; governmental support
for the deployment of solar power; future available supplies of high - purity silicon; demand
for end - use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility - scale project approval process; delays in utility - scale project construction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20 - F filed on April 20, 2016.
The
result of the vote is important
for a number of reasons, but none more than the fact that global
economic growth has been fragile since the «Great Recession» of 2008.
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.
See Appendix 5
for details on how CL grew invested capital while revenue dropped and lowered invested capital turns from 1.32 x to 1.27 x. Appendix 7 (in the ROIC section) shows how the company's increase in NOPAT margin outweighed the decrease in invested capital turns to
result in an increase in ROIC (from 20.1 % % to 21.2 %) and
Economic Earnings, which rose by $ 229 mm.
Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical costs and price effectively and develop and maintain good relationships with physicians, hospitals and other health care providers; the impact of modifications to our operations and processes; our ability to identify potential strategic acquisitions or transactions and realize the expected benefits of such transactions, including with respect to the Merger; the substantial level of government regulation over our business and the potential effects of new laws or regulations or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations, actions and / or guaranty fund assessments; uncertainties surrounding participation in government - sponsored programs such as Medicare; the effectiveness and security of our information technology and other business systems; unfavorable industry,
economic or political conditions, including foreign currency movements; acts of war, terrorism, natural disasters or pandemics; our ability to obtain shareholder or regulatory approvals required
for the Merger or the requirement to accept conditions that could reduce the anticipated benefits of the Merger as a condition to obtaining regulatory approvals; a longer time than anticipated to consummate the proposed Merger; problems regarding the successful integration of the businesses of Express Scripts and Cigna; unexpected costs regarding the proposed Merger; diversion of management's attention from ongoing business operations and opportunities during the pendency of the Merger; potential litigation associated with the proposed Merger; the ability to retain key personnel; the availability of financing, including relating to the proposed Merger; effects on the businesses as a
result of uncertainty surrounding the proposed Merger; as well as more specific risks and uncertainties discussed in our most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.cigna.com as well as on Express Scripts» most recent report on Form 10 - K and subsequent reports on Forms 10 - Q and 8 - K available on the Investor Relations section of www.express-scripts.com.
As a
result, and because of the Bullwhip Effect, growth in developing economies is going to be jerked around more than people think, making
for a good deal of cyclical
economic contagion.
Factors that could cause actual
results to differ include general business and
economic conditions and the state of the solar industry; governmental support
for the deployment of solar power; future available supplies of high - purity silicon; demand
for end - use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility - scale project approval process; delays in utility - scale project construction; cancelation of utility - scale feed - in - tariff contracts in Japan; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20 - F filed on April 27, 2017.
While it's possible that the
resulting economic development would make up
for those losses, even 50,000 well - paying jobs might not make up
for billions in lost tax revenue.
The backdrop that set the stage
for these
results, and
for the ongoing bull market in stocks more generally, has been in place since the global financial crisis — tame inflation, historically low interest rates and moderate
economic growth in the United States have all been supportive
for growth investing.
If the deficit is due to an
economic recession, defined as two consecutive quarters of negative growth in real gross domestic product, or to «extraordinary events», such as a natural disaster or war, that
results in an «cost» of more than $ 3 billion, then the operating budgets of departments and agencies would be automatically frozen to pay
for any wage increases.
What is emerging is a widening «fiscal divide» between a federal government with its diminished size and sound finances, and provincial governments with growing fiscal imbalances
resulting from growing spending pressures (e.g.,
for health, education, infrastructure) and slowing
economic growth and revenue growth.
As a
result of all this,
economic growth in France is among the worst
for major EU economies.
I think there is a substantial commercial and
economic opportunity both in the construction of the pipeline and in the advantages of lower priced oil that would
result from the pipeline
for the United States and
for Canada.
One, additional prudence could have been built into the April 2015 Budget
for 2015 - 16, with the
result that the fiscal projections
for 2015 - 16 were not reflective of the
economic forecast at that time.
We believe that the investments we make on behalf of our clients are helping to create opportunities
for economic growth around the world, and our ability to succeed is dependent upon serving our clients and delivering strong
results.