The reason the reaction was so large was that doubts began to emerge about whether the economic situation was sustainable, particularly in view of the implications
for foreign debt.
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
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
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
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
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
foreign laws, and domestic and
foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other
foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
America has been able to play the spendthrift because
foreign lenders have shown a huge appetite
for both our government and corporate
debt — they now own $ 6 trillion of our $ 15.5 trillion in publicly owned Treasuries.
Flaherty worries about U.S.
debt, too, calling it a «persisting concern»
for Canada and highlighting the government's interest in other
foreign markets.
China holds about 20 percent of U.S.
debt held by
foreign countries, which is a lot, but it only accounts
for about 5 percent of outstanding
debt overall.
(2) Adjusted to eliminate SBC expense (as adjusted
for the income tax reduction attributable to SBC expense), expense related to contingent compensation,
foreign exchange losses as adjusted
for the reduction in income tax attributable to the losses, losses from repurchases of convertible
debt (as adjusted
for the related decrease in income tax), amortization of
debt discount (as adjusted
for the related reduction in income tax).
This means that countries that owe
foreign debt, that's almost all denominated in dollars, especially to the International Monetary Fund or the World Bank, they're going to have to pay much more money in higher - priced dollars
for their own currency.
The rouble has weakened some 30 percent versus the dollar this year, as Western sanctions over the Ukraine crisis have made it harder
for banks and companies to refinance
foreign currency
debts and as tumbling oil prices have hurt government revenue.
Unhedged
foreign currency
debt, as was prominent in 1997, means that a fall in the currency pushes up
debt servicing costs
for the government, local corporates and banks, but a rise in interest rates to assist the exchange rate has the same adverse effect.
«The funding needs
for this project will create additional pressure on government expenditures and consequently either on the rate of depletion of Saudi
foreign assets or the increase in government
debt levels,» he said.
Also, we have offers
for over 500 billion rupees
debt at very competitive rates, both
foreign currency and local.»
With inflation likely to remain low and Treasuries continuing to be a haven
for domestic and
foreign investors, financing the expanding federal
debt should continue without major problems.
Officials described plans to make it easier
for foreign institutions to invest in Saudi equities, introduce new financial products and develop a corporate
debt market.
The 2013 survey also suggests that hedging ratios
for foreign equity assets were lower than those of
foreign debt assets, which is also consistent with the results of the 2013 National Australia Bank Superannuation FX Survey (NAB Survey; NAB 2013).
The devastating LDC
debt crisis of the 1980s, which began in August 1982 when the Mexican government announced that it was unable to service its obligations to
foreign banks, ended only in 1990, when these loans were exchanged
for a nominal amount of Brady bonds equal to only 65 % of the original notional amount of outstanding loans.
How can U.S. labor compete with
foreign labor when employees and their employers are obliged to pay such high mortgage
debt for its housing, such high student
debt for its education, such high medical insurance and Social Security (FICA withholding), such high credit - card
debt — all this even before spending on goods and services?
[9] Nonetheless,
for emerging Asian economies there has tended to be a positive association between increased
foreign holdings of local currency government
debt and growth in onshore FX derivatives turnover.
The astonishing ability of the China bulls, both
foreign and Chinese, to celebrate every unexpected decline in growth and every new surge in
debt as if they somehow justified nearly a decade's worth of denials of the urgency of China's rebalancing has done so much damage to China that the sooner Beijing's leaders finally turn against the bulls, as I believe they might finally have done, the better
for the Chinese people and the Chinese economy.
One catalyst could be rising interest rates in the U.S., which would drive up the value of the dollar, in turn making it harder
for foreign companies to afford their dollar - denominated
debt.
For the United States, on the other hand, a «new Bretton Woods» means a plan to wipe out the U.S. Treasury debt and replace it with «paper gold,» that is, IMF notes for foreign central banks to trade among themselves, to be exchanged for claims on the U.S. Treasury and hence on the U.S. econo
For the United States, on the other hand, a «new Bretton Woods» means a plan to wipe out the U.S. Treasury
debt and replace it with «paper gold,» that is, IMF notes
for foreign central banks to trade among themselves, to be exchanged for claims on the U.S. Treasury and hence on the U.S. econo
for foreign central banks to trade among themselves, to be exchanged
for claims on the U.S. Treasury and hence on the U.S. econo
for claims on the U.S. Treasury and hence on the U.S. economy.
While
foreign interest in the loonie bodes well
for Canadians who shop south of the border, it will also jolt Canada's fixed - income markets as reserve managers buy liquid
debt securities with the Canadian dollars they own.
See Risks
for a discussion of risks associated with investments in
foreign sovereign
debt.
For example, from: 1) the replenishment of
foreign exchange buffers large enough to protect the economy against a protracted shock; 2) a significant reduction in government
debt metrics; 3) a successful diversification of the economy and government revenues that will become less dependent on oil receipts; 4) continued improvements in governance and institutional strength which act as long — term constraints on Angola's rating.
That would be bad news
for foreign holders of U.S.
debt.
If defaults start to cascade through the economy, it will be more difficult
for China to hide its
debt problems now that
foreign investors are involved.
But even if the ECB does bend to the will of the bond markets this year, and begins to buy sovereign
debt directly, the single currency is left with all of the same weaknesses that existed prior to the crisis: the inability to tailor interest rate policy
for each individual economy, the lack of
foreign currency adjustment needed to offset differences in competitiveness, and growth - limiting trade dynamics throughout the area.
In a related development, China's State Administration of
Foreign Exchange (SAFE) issued new rules on Wednesday relaxing restrictions on multinational companies» management of their foreign currency - denominated debt in China, allowing them to pool debt from all their subsidiaries for central mana
Foreign Exchange (SAFE) issued new rules on Wednesday relaxing restrictions on multinational companies» management of their
foreign currency - denominated debt in China, allowing them to pool debt from all their subsidiaries for central mana
foreign currency - denominated
debt in China, allowing them to pool
debt from all their subsidiaries
for central management.
According to the Bank
for International Settlements,
foreign claims on Italian
debt total $ 936 Billion - that's larger than the combined
foreign claims on the
debt of Portugal, Ireland, and Greece.
Despite its technical staff ruling in 2010 - 11 that Greece's
foreign debts could not be paid and hence needed to be written off, its heads — first Dominique Strauss - Kahn and then Lagarde — acted in blatant conflict of interest to support the French bankers demands
for payment in full, and U.S. demands by President Obama and Wall Street lobbyist Tim Geithner to insist there be no writedown at all.
It is an inflow of
foreign money, skilled labor and imported goods that are paid
for only with paper dollar -
debts.
A third ground
for annulling Russia's
foreign debt is the doctrine of odious
debts.
As a condition
for resuming
debt service
foreign to
foreign creditors, Russia is in a favorable position to bargain.
Despite the fact that it is obvious to every literate American that Wall Street banksters caused the 2008 financial meltdown, Holder hasn't brought a single indictment against a banker
for the sub-prime mortgage fraud,
for the Madoff fraud,
for the manipulation of the
foreign exchange markets,
for the manipulation of the commodities markets,
for fraudulent
debt collection practices,
for fraudulent foreclosure practices.
At the time, there were no official statistics comparing
foreign debt levels in developed countries, and in their absence there was a tendency
for people to assume the worst — that is, to assume that Australia was the highest on the list.
During his professional career, David has worked
for 2 investment banks, which include Morgan Stanley and Smith Barney, trading equities,
debt derivatives, commodities and
foreign exchange.
On the back of strong
foreign investor demand, Banker Middle East looks at how the appetite
for GCC
debt is expected to continue in 2018 despite precarious oil prices and geopolitical...
Interest payments to
foreign holders of Australian
debt rose broadly in line with growth in the stock of
debt, while payments on
foreign holdings of Australian equity rose sharply (see Box C
for a more detailed discussion of Australia's net income deficit).
The Federal Reserve Bank of New York may ask
foreign lenders
for more detailed daily reports on liquidity as the U.S. steps up monitoring of risks from Europe's sovereign
debt crisis, according to two people with knowledge of the matter.
Foreign demand
for Treasury
debt is expected to stay strong this year, helped by a congressional agreement to avoid a fight over the U.S.
debt ceiling until March 2015.
China, the top
foreign buyer of U.S. Treasury
debt, increased its holdings
for the first time since January, raising them by 0.6 percent to $ 1.27 trillion.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing
debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing
debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in
foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements
for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
c. And as
for your male and female slaves whom you may have; from the nations that are around you, from them you may buy male and female slaves:
Foreign slaves among the Jews did not have the same rights as Hebrew slaves sold into servitude because of
debt; they could be held as slaves
for life, though they had to be treated humanely (Exodus 20:8 - 11; 21:20 - 21).
As author Penny Lernoux has noted: «When the Alliance
for Progress was finally buried at the end of the 1960s, about the only thing that the Latin American countries had to show
for it was an enormous
foreign debt: 19.3 billion dollars compared to 8.8 billion in 1961 when the program was launched» (Cry of the People [Doubleday], p. 211).
As the
foreign debts increase there is pressure of the IMF / WB to cut economic and social subsidies
for balancing the budget.
The
foreign debt continues to be an issue and new voices have began to sound the need to look
for ways to face it; (ii) At the national level two questions are concentrating increasing attention: one is the reassessment of the necessary role of the state to correct the distortions of a runaway market (currently discussed in Europe and in the discussions about the role the initiatives of «an active state has played in the economic development of Asian countries); the other is the need
for a «participative democracy over against a purely representative formal democracy: in this sense the need to strengthen civil society with its intermediate organizations becomes an important concern; (iii) the struggle
for collective and personal identity in a society in which forced immigration, dehumanizing conditions in urban marginal situations, and
foreign cultural aggression and massification in many forms produce a degrading type of poverty where communal, family and personal identity are eroded and even destroyed.
Already Buhari has started giving excuses
for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its
debt obligations.Fitch
for instance downgraded Nigeria's longterm
foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.
If the income
for servicing the
debt is generated from the purchased property it is not
foreign income.
ranking is reserved
for the greatest mistruths, including Mitt Romney's statement that Barack Obama «didn't even mention the deficit or
debt» in his 2012 State of the Union address (when Obama actually did so six times) and the Obama campaign statement that Republican presidential contenders including Mitt Romney said that «they would cut
foreign aid to Israel — and every other country — to zero» (when none of them actually did so).
Murphy is returning fire by accusing Gibson of wanting to preserve tax breaks
for special interests, which would boost the country's
foreign debt and help China's economy.
But when Dr Bawumia and his party NPP were in opposition they criticized the Mahama government of having a voracious appetite
for foreign loans which they claimed catapulted the country's
debt stock to unsustainable levels.