He also wants to change
how economic development contracts are awarded in his own administration, after a scandal that's led to several indictments of his former associates.
Regardless of what verdict the jury brings back in the case, Horner said the case shows how reforms need to be made on
how economic development contracts are doled out.
Not exact matches
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.
Republican lawmakers are also questioning the
economic development process, saying a full, independent audit should be performed to assess
how contracts were doled out.
But the potential disbursement of funds through an arm of SUNY Polytechnic comes as
economic development projects throughout the state are coming under scrutiny from federal investigators over
how contracts are awarded.
Another would create a database of deals, listing the status of all of the state's
economic development contracts and measuring
how successful they've been.
Recommendations on
how to go forward with some of Gov. Andrew Cuomo's
economic development contracts tainted by scandal have been delayed for another few weeks, the governor's
economic development chairman said.
At the same time, Cuomo said the state could potentially adjust
how it spends
economic development money based on the findings of Bart Schwartz, the former prosecutor hired to review
contracting in the program, which is under scrutiny by the U.S. attorney's office.
Cuomo's Buffalo Billion Under Federal Investigation: Federal investigators are looking into
how contracts were awarded in Governor Cuomo's Buffalo
economic development program.
Among the ideas excluded from any final budget deal: creation of a database that the public could search for
how much every recipient of
economic development spending got and
how many jobs they created; end the ability by limited liability companies to skirt campaign donation limits; give back certain
contract pre-approval powers to the state Comptroller, the state's fiscal watchdog; strengthen the state's criminal laws to better define bribery of public officials; and create an independent watchdog agency to police ethics issues in Albany.
Schwartz's office declined to respond to questions about whether he had a
contract and
how many staff he would bring to his review of state
economic development programming.