Topic 6 summarises the major robust findings and remaining
key uncertainties in this assessment.
The probabilistic analyses of DAI reported in this section draw substantially on (subjective) Bayesian probabilities to describe
key uncertainties in the climate system, such as climate sensitivity, the rate of oceanic heat uptake, current radiative forcing, and indirect aerosol forcing.
Dowlatabadi, H., and M. Kandlikar, 1995:
Key Uncertainties in Climate Change Policy: Results from ICAM - 2.
What are scientists doing to address
key uncertainties in our understanding of the climate system?
13.5.1
Key Uncertainties in Climate Scenarios 13.5.1.1 Specifying alternative emissions futures 13.5.1.2 Uncertainties in converting emissions to concentrations 13.5.1.3 Uncertainties in converting concentrations to radiative forcing 13.5.1.4 Uncertainties in modelling the climate response to a given forcing 13.5.1.5 Uncertainties in converting model response into inputs for impact studies 13.5.2 Approaches for Representing Uncertainties 13.5.2.1 Scaling climate model response patterns 13.5.2.2 Defining climate change signals 13.5.2.3 Risk assessment approaches 13.5.2.4 Annotation of climate scenarios
``... aerosols still pose
key uncertainties in the understanding of Earth's radiative balance -LCB-...] major gaps exist in the understanding of the physicochemical pathways that lead to aerosol growth...»
Climate scientists acknowledge that the aerosol issue is one of
the key uncertainties in their understanding.»
Aerosols remain one of
the key uncertainties in how fast our fossil fuel burning is pushing the climate system to warmer levels.
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.
Uncertainty seems to be hitting another
key election
in Europe — the German vote due
in September.
The euro zone might be clouded by political
uncertainty with fears of populist victories
in key elections across the bloc.
The Scottish government wants to keep it
in the long term as well — as a
key prop of stability amid the
uncertainty independence would bring.
Instead of freaking out about the
uncertainties of franchising
in Cuba, here are three countries with certain similarities to Cuba that can offer
key lessons for potential Cuban franchisees.
Since the only certainty
in life is
uncertainty, David says working on emotional agility is
key to building up resilience.
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.
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.
The
key uncertainty is how much the data has been distorted by the fall of China's annual Lunar New Year holidays, which were
in February this year and
in January
in 2012 and which typically see factories shut up shop for two weeks.
Uncertainty can have significant effects on trust, which is
key to public participation
in markets.
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.
These risks and
uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability to drive sales growth; the impact of indebtedness we incurred
in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants; increased advertising and marketing costs; a failure to develop and recruit effective leaders; the price and availability of
key food products and utilities; shortages or interruptions
in the delivery of food and other products; volatility
in the market value of derivatives; general macroeconomic factors, including unemployment and interest rates; disruptions
in the financial markets; risk of doing business with franchisees and vendors
in foreign markets; failure to protect our service marks or other intellectual property; a possible impairment
in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or changes
in accounting standards; and other factors and
uncertainties discussed from time to time
in reports filed by Darden with the Securities and Exchange Commission.
Consumer confidence is a
key component of the housing recovery, and while rising home prices have helped, more
uncertainty in the economy can only hurt.
Back
in January, amid all the
uncertainty surrounding when the Federal Reserve would finally begin hiking its
key lending rate.
«The prospect of recession
in Canada remains at bay for 2018, but Canadian investors should expect a bumpy ride and a fair bit of
uncertainty with the housing market, NAFTA trade discussions and the potential for over-tightening by the BoC representing
key downside risks,» Shailesh Kshatriya, a Toronto - based analyst at Russell, said
in the firm's global outlook Wednesday.
These
uncertainties overshadowed a monetary policy announcement by the ECB,
in which it hinted it is closer to withdrawing a
key economic stimulus program.
With
uncertainty as a guaranteed constant
in the lifetime of a business, implementing robust risk management is a
key element of a company's ability to adapt and thrive.
While the initial market reaction to the Italian PM's resignation has been muted, the Italian result also highlights how politics
in Europe will be a
key source of
uncertainty in 2017, with a -LSB-...]
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.
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.
Key risks and
uncertainties are summarized
in filings with the Securities and Exchange Commission, including Exhibit 99
in our Form 10 - K, which are available on our website and at www.sec.gov.
I agree with you that AW has done some astounding things for the club, but he has also made some reall balls ups and week
in week out it seems he is not able to offer up a tactical plan B or utilise
key players
in key positions against the relevant sides we play, (not starting with Rosicky and Walcott on Saturday was one such instance) I realise that no team wins all their games and I know that we have been under the cosh for quiet a few years now, but what annoys me more than anything else is the lack of Visible ambition, we spent three weeks messing around with Beliek and only just managed to get Paulista who was an
uncertainty due to a work visa.
Apart from the
uncertainty in terms of management and the futures of
key players, perhaps the biggest factor
in this regard is that a quite a few players have failed to show up this season, and none more so than Theo Walcott!
The
uncertainty of manager Arsene Wenger's future is said to have played a
key role
in the player's decision, and the club are still to restart talks with the World Cup winner.
The club's two
key players, Ozil and Alexis Sanchez, are now
in the final year of their contracts and that has created
uncertainty regarding the long - term future of Arsenal, as they would struggle to sufficiently replace both of them.
In addition, we undertook a series of sensitivity analyses to explore the implications of uncertainty surrounding key drivers of cost in intrapartum care and the variables for which there was the most uncertainty surrounding the resource use parameter
In addition, we undertook a series of sensitivity analyses to explore the implications of
uncertainty surrounding
key drivers of cost
in intrapartum care and the variables for which there was the most uncertainty surrounding the resource use parameter
in intrapartum care and the variables for which there was the most
uncertainty surrounding the resource use parameters.
Commenting on the figures, Construction Products Association senior economist, Kelly Forrest said: «It is encouraging that sales rose
in the first quarter, but manufacturers also highlighted the
key factors that threaten growth throughout 2012 and into 2013, these factors include the continuing
uncertainty within the euro zone, and significant concern regarding rising costs, especially fuel costs.
In that political landscape, Ms Rousseff's inability to build stable alliances added a lot of
uncertainty to votes on
key bills.
In an interview with Gay Times magazine, Conservative leader David Cameron displays uncertainty over support for key votes on equality legislation in European and UK parliament
In an interview with Gay Times magazine, Conservative leader David Cameron displays
uncertainty over support for
key votes on equality legislation
in European and UK parliament
in European and UK parliaments.
We've narrowed the
uncertainty in surface warming projections by generating thousands of climate simulations that each closely match observational records for nine
key climate metrics, including warming and ocean heat content.»
Meanwhile, as the space - based mission ideas stall, ground - based astronomers are making strides
in pinning down
uncertainties in a
key dark - energy parameter that determines whether the force is a constant or changes with time.
As Moore pointed out, three
key areas of
uncertainty make it difficult to predict the future of crop yields
in Europe.
However, sparse palaeoenvironmental data
in key regions and
uncertainties in climate simulations and
in the dating of fossil and archaeological records have hindered progress
in this field.
PNNL researchers play a
key role
in reducing
uncertainty through improved process understanding and modeling of climate processes such as clouds and aerosols.
The final,
key point is that the
uncertainty extends just as far
in the other direction, and it is possible that the warming will be much worse than the consensus!
For the assessments of climate impacts made herein, we follow guidance from the National Climate Assessment and Intergovernmental Panel on Climate Change (IPCC) on how to standardize confidence levels and
uncertainty characterization
in our
key messages, as provided below.
... Even
in the satellite era — the best observed period
in Earth's climate history — there are significant
uncertainties in key observational datasets.
This to me is the
key to understanding the film: There will always be a small
uncertainty in life, that can not be proofed as either right or wrong.
And
in this film (which he has apparently wanted to make for nearly 30 years, since he first read Shusaku Endo's novel), Judas is again
key - this time a 17th century Japanese version called Kichijiro (Yosuke Kubozuka), who haunts Portuguese missionary Rodrigues's (Andrew Garfield) journey from profound blind faith through agonies of
uncertainty.
Our Brand Is Crisis, like its documentary inspiration, understands that the
key to victory
in Bolivia was reframing the election: Anyone who watched George W. Bush defeat John Kerry
in 2004 will recognize Jane's fear - mongering tactics, the way she sells Castillo's unpopular years
in office as the exact experience the country needs during a time of
uncertainty and financial hardship.
With Secretary of Education Betsy DeVos yet to make most
key appointments
in the department, states face «
uncertainty» on how the Trump administration will respond to state plans, board President Michael Kirst said recently.
Concern about «fuzzy boundaries» to schools» autonomy A
key issue raised
in the report is Denver Public Schools» support of innovation schools and
uncertainty about the boundaries of the schools» autonomy.