History reveals this factor is rewarded
in times of economic growth — and that support remains firmly in place, we believe.
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.
Today's high valuations
in a
time of tepid
economic growth are particularly vexing for professional investors constrained by certain rules, says James Harper, a portfolio manager for the Templeton Global Balanced Fund.
The
timing of Lane's remarks suggests that he too disliked the tenor
of the debate around the role
of fiscal policy
in helping achieve faster
economic growth.
One
of the reasons these extremely good
times can't last is that most households simply aren't being paid enough to go on driving
economic growth as they have
in recent years.
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.
The last
time the U.S. went through a partial government paralysis
in 1995 - 1996 — for roughly three weeks
in two separate instances —
economic growth slowed by a quarter
of a percentage point during the last three months
of 1995.
NEW YORK, Jan 3 (Reuters)- The S&P 500 index rose above 2,700 for the first
time on Wednesday and other major indexes hit record highs as technology stocks climbed amid indications
of robust
economic growth in the United States and overseas.
A group
of 30 listed Western Australian companies has achieved price
growth nearly three
times that
of the ASX 200
in the past two years, suggesting investors are increasingly confident about the state's
economic recovery.
To fully realize the
economic benefits
of having more women
in the labor force, Japan needs to provide incentives for women to seek out more full -
time work
in high
growth areas, he said.
Despite the fact that
economic growth for this year is now forecast to be substantially lower than that expected at the
time of the April Budget, Mr. Oliver is still confident that the federal government will record a surplus
in 2015 - 16.
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.
And
in tough
economic times, when companies are desperate to find new areas for
growth, getting everyone together
in the same place is seen as one
of the best ways to spur innovation.
In that case, high GDP growth levels simply disguise the seeming collapse of underlying economic growth in a way that has happened many times before — always in the late stages of similar apparent investment - driven growth miracle
In that case, high GDP
growth levels simply disguise the seeming collapse
of underlying
economic growth in a way that has happened many times before — always in the late stages of similar apparent investment - driven growth miracle
in a way that has happened many
times before — always
in the late stages of similar apparent investment - driven growth miracle
in the late stages
of similar apparent investment - driven
growth miracles.
«What one would expect during a period
of economic growth is that the government would lay the basis for future prosperity using the financial resources made available to it during good
times,» Ralston said
in his Feb. 20 response
in the legislature to the budget, according to the day's Hansard.
In China, slowing economic growth convinced the central bank to take its foot off the monetary brake for the first time in three years by increasing the lending capacity of its commercial bank
In China, slowing
economic growth convinced the central bank to take its foot off the monetary brake for the first
time in three years by increasing the lending capacity of its commercial bank
in three years by increasing the lending capacity
of its commercial banks.
They can offer the
growth potential
of stocks, a possible plus at a
time when the
economic environment and earnings are generally supportive
of equities, as we've seen with the steady rise
in indexes across most asset classes.
The
economic picture is strong: We've had 2 back - to - back quarters
of around 3 % GDP
growth, and for the first
time in a long while we're seeing synchronous
growth among developed nations.
«The energy sector posted stronger returns
in September due to a rebound
in oil prices which helped lift Canadian equities, while the bond market slipped into negative territory after strong Canadian
economic growth led the Bank
of Canada to raise interest rates for the first
time in seven years,» said James Rausch, Head
of Client Coverage, Canada, RBC Investor & Treasury Services.
The New York
Times Economix blog post The Quiet Driver
of Economic Growth: Exports covers the steady growth in the percent of U.S. GDP generated by ex
Growth: Exports covers the steady
growth in the percent of U.S. GDP generated by ex
growth in the percent
of U.S. GDP generated by exports.
«This will support job creation by leaving more money
in the hands
of businesses and their employees
in a
time of fragile
economic growth,» Flaherty said.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation
of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share or add products; an impairment
of the carrying value
of goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution
of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations
of the Company
in the expected
time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions
in the nations
in which the Company operates; the volatility
of capital markets; increased pension, labor and people - related expenses; volatility
in the market value
of all or a portion
of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation
of data or breaches
of security; the Company's inability to protect intellectual property rights; impacts
of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
That would be higher than any
time in U.S. history, and no achievable amount
of economic growth could finance it.
At the same
time, global investment spending has moderated,
in part because
of lower potential
economic growth; firms need to invest less than they did
in the past to sustain that lower potential output.
The
economic growth, at the present
time, and
in the future years will at least assist to offset the international weakness and buoy up the
economic growth of the economy, according to the latest update released January 28,...
But De Gregorio acknowledges the challenge they present going forward and fears that, particularly at a
time when
growth in the region is slowing and external circumstances are changing, a flair for populism and the power
of vested interests might undermine the process
of continued
economic reforms needed to foster, among other things, shared prosperity and social inclusion.
Eurostat stated that eurozone unemployment was 10.9 %
in July, the first
time it fell below 11 % since February 2012, while a range
of leading indicators (such as the Markit composite purchasing managers» index, the European Commission's
Economic Sentiment Index and money supply data) suggest
growth has continued apace
in the third quarter.
The latest moves coincide with signs that China's annual
economic growth may dip below 7 %
in the third quarter for the first
time since the global financial crisis, marking a slowdown
in one
of the world's main engines
of economic expansion
in recent years.
Indeed, as expectations for
economic growth have been scaled back somewhat
in both regions over the past three months, markets have pushed back their expectation
of the
timing of the first tightening by both central banks.
The government has been warned many
times that, after 2015, the combination
of an aging population and the resulting impact on
economic growth and government revenues and expenses will result
in ongoing deficits and increasing debts — a fact the Conservatives have failed to acknowledge to date.
Just as important, at a
time when fears over China's slowing economy are widespread and there's evidence
of retail saturation
in the country's major metropolitan areas, nearly half
of survey participants said they expect to be better off financially
in the next 12 months — and they are eager to spend, contrary to gloomy assumptions about the drag
of sluggish
economic growth on consumer sentiment.
In addition, amid persistently easy policy, company leaders had a difficult
time gauging the true level
of U.S.
economic growth, and as a result, many corporations delayed committing capital until they had more clarity.
You just will see more
economic growth in funds that have been active for a longer length
of time.
Credit provides the potential for both diversification and incremental returns: While rate - driven government bonds have been rewarded during flight to quality periods, credit has been rewarded
in times of strong
economic growth.
Indeed, because the level
of interest rates at any point
in time is highly correlated with the level
of nominal
economic growth over the preceding decade, the relationship between starting valuations and actual subsequent S&P 500 nominal total returns is nearly independent
of interest rates.
Last week, China cut interest rates for the first
time in three years, as
economic growth in that country has fallen to the point where talks
of a hard landing are gaining momentum.
Sponsored by: Center for Value Investing and Investor Academy Location: Guiollettstraße 14, 60325 Frankfurt am Main 08:00 a.m. - 08:30 a.m. Registration and Welcome Tea 08:30 a.m. - 09:30 a.m. Robert Miles, Author & Conference Organizer & Host [USA] Topic: «The Warren Buffett Manager: Making Investments
In The Right Partner» 09:30 a.m. - 10:30 a.m. Hendrik Leber, Managing Director, Acatis [EUROPE] Topic: «How to Value a Business» 10:30 a.m. - 10:45 a.m. Mid Morning Tea 10:45 a.m. - 11:45 p.m. Patrick Dorsey, Author & Director
of Equity Research, Morningstar [USA] Topic: «Using
Economic Moats to Improve Investment Returns» 11:45 p.m. - 12:45 p.m. Alexis Eisenhofer, Founder and Director, ATACAMA Capital [EUROPE] Topic: «Criteria for Selecting Stocks With Substance: Consider the Value Premium and Value
Timing» 12:45 p.m. - 13:45 p.m. Conference Lunch 13:45 p.m. - 14:45 p.m. Prof. Max Otte, Author, Professor and Lecturer [EUROPE] Topic: «The Fallacy
of Growth and How to Test for Franchises» 14:45 p.m. - 15:45 p.m. David Pastel, Founder & CIO, Pastel & Associés [EUR] Topic: «Margins
of Safety: The Concept with a Thousand Faces.
The second problem is that
in order to get some
of its debt absolved, Puerto Rico agreed to impose the harsh austerity measures — reducing education and health spending, for instance — that hurt
growth at the same
time that thousands are fleeing to the mainland
in search
of economic opportunity.
Over
time, the stock market has reached new records, powered by
economic and earnings
growth.2 We expect both to continue: The domestic economy is picking up a little speed, helped by improving
growth in the rest
of the world, and company earnings have benefited from better sales, the weaker dollar and still - low interest rates.
We're going to let you
in on a little secret: Investors focused on
economic growth are wasting their
time... If anything, the evidence suggests a negative correlation between equity returns and GDP
growth... It may be that the best prices can be had
in times of low
economic growth, whereas we tend to overpay
in a growing economy.
Despite steady job creation, record stock market gains and faster
economic growth in recent months, new consumer findings surprisingly show that a smaller share
of households believe that now is a good
time to buy or sell a home.
William Dudley, President and CEO (Panelist) Date: Wednesday, October 18, 2017
Time: 8:00 AM EDT Subject: Dallas and New York as Centers
of Growth Event: From the Lone Star to the Empire State: A Discussion
of Regional
Economic Trends
in Texas and New York Organizers: Partnership for New York City, the Federal Reserve Bank
of Dallas, and the Federal Reserve Bank
of New York Location: Hearst Headquarters 300 W. 57th Street, 44th Floor New York, NY 10019
And if the final data does end up showing a drop
in global carbon emissions, it will be the first
time Co2 levels have dropped during a period
of strong
economic growth.
If it turned out that
in the twenty years after 1965 continuing
growth of GNP had not been accompanied by improved
economic welfare, then surely it was
time for a national discussion
of how welfare could be improved.
Most
of the supposed
economic growth of recent decades is
in the derivative market, which grew to five
times the size
of all the stock exchanges.
Amos predicted that the northern kingdom
of Israel would be destroyed
in the midst
of a
time of prosperity and
economic growth,
in part because
of its neglect
of the poor.
The
growth of paid -
time religious programming and its adaptation to and endorsement
of the
economic competitive basis
of American broadcasting represents
in many ways the final takeover by television
of the last
of its programming to be independent
of its
economic intentions.
«The health and
growth of the company
in such a difficult
economic time in California... it just shows the longevity
of the people.
A number
of factors could cause actual results or outcomes to differ materially from those indicated by such forward - looking statements, including but not limited to, (1) our ability to open new restaurants and food and beverage locations
in current and additional markets, grow and manage
growth profitably, maintain relationships with suppliers and obtain adequate supply
of products and retain our key employees; (2) factors beyond our control that affect the number and
timing of new restaurant openings, including weather conditions and factors under the control
of landlords, contractors and regulatory and / or licensing authorities; (3) changes
in applicable laws or regulations; (4) the possibility that the Company may be adversely affected by other
economic, business, and / or competitive factors; and (5) other risks and uncertainties indicated from
time to
time in our filings with the SEC, including our Annual Report on Form 10 - K filed on March 30, 2016 and our Quarterly Report on Form 10 - Q filed on August 15, 2016.
As the custodians
of Times Square, the Alliance works every day to improve the quality
of life for the neighborhood residents and businesses while driving
economic growth in New York City.