------------------- Chris MacDonald and Katherine Rittershaus «Conflict
of Interest Policies at Canadian Banks» April 8, 2015 from 2 - 3:30 pm TRS 3 - 099
Thanks to bottom - up pressure the European Union stepped back from supporting Trump and his big polluters» agenda, but fell short of backing calls for a conflict
of interest policy at the UN climate talks.
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.
Before Yellen addressed the Economic Club
of Washington, her counterparts in Ottawa released their latest
policy statement, in which Canada's central bank said it was keeping its benchmark
interest rate
at 0.5 %, a quarter - point shy
of the lowest level ever.
«What's
at risk is our foreign
policy, that it will be influenced not by what matters — human rights, civil rights or legitimate economic
interests — but by the Philippines» ability to get in the good graces
of our president.»
Specifically, there are concerns about what might happen should the tide turn in the bond markets when 30 years
of falling
interest rates reverses
at a time when the Federal Reserve is preparing to tighten monetary
policy by forcing rates higher.
In the category
of communications
policy, we also extended our estimate
of how long we expect to keep the short - term
interest rate
at exceptionally low levels to
at least mid-2015.
With his first
interest rate announcement this week, Poloz's run as central
policy maker
at the Bank
of Canada is officially underway.
Teresa Scassa, the Canada research chair in information law and
policy at the University
of Ottawa, poked around the links and said she thought «wow, the ordinary consumer lost
interest minutes ago.»
But
at that point, the Fed chair Janet Yellen and the other members
of the
interest rate - setting committee seemed to side with the idea that Trump's
policies would do more to help the economy than hurt it.
The divergence in
policy between the U.S. Federal Reserve and the Bank
of Canada is happening: the Fed likely will raise
interest rates
at least a few times in 2017, while the Canadian central bank likely will do nothing
at all.
The Governing Council left the benchmark
interest rate unchanged
at its ultra-low setting
of 0.5 %, but
policy makers were less than enthusiastic about the Canada's prospects.
That debate takes place internally
at the central bank, where contrasting views are regularly articulated by members
of the Federal Open Market Committee (FOMC) as our Federal Reserve (Fed) policymakers attempt to steer monetary
policy with regard to
interest rates.
The terms
of your contract or the company's conflict -
of -
interest policies may limit your options, or if you can have one
at all, said Alison Green, blogger for Ask a Manager.
«We stand with President Trump and are happy to see the national security
interests of American citizens
at the forefront
of his administration's
policies.»
In his job as an activist
at the Center for Popular Democracy, Barkan led a successful effort to get Fed officials thinking more about low - income Americans as they conduct monetary
policy, often arguing against
interest rate hikes in the face
of high underemployment and weak wage growth.
The Bank
of Canada wasn't so disenchanted that it felt a
policy change was needed:
policy makers left the benchmark
interest rate unchanged
at the ultra-low setting
of 0.5 %.
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 Bank
of Japan (BOJ) kept its monetary
policy on hold, leaving the short - term
interest rate target
at minus 0.1 percent.
The Bank
of Japan kept its monetary
policy on hold, leaving short - term
interest rate target
at minus 0.1 percent.
Frankel urged a form
of managed competition, in which oil producers would recognise their common
interests and coordinate their
policies at strategic level while remaining competitors
at tactical level.
'' [Silicon Valley] runs the risk
of being perceived as arrogant and entitled and super-wealthy and narrowly satisfying its own
interests,» says Dan Siciliano, a research fellow
at the Immigration
Policy Center, and executive director
at the Program in Law, Economics, and Business
at Stanford Law School.
Much
of the effectiveness
of Canadian monetary
policy depends on the Bank
of Canada's credibility: managing expectations for the future is
at least as important as setting short - term
interest rates.
He dismissed the pressure to pursue an ethical foreign
policy as the work
of «influential minority elements among us that have some special
interest»
at heart and believed the American commitment to Israel was a strategic liability.
He was thrilled to participate in
policy discussions
at think tanks, according to former executives, but less
interested in digging into the nitty - gritty
of a troubled unit.
German finance minister Wolfgang Schäuble has already blamed Draghi's low -
interest rate
policy for the rise
of the populist right - wing Alternative für Deutschland, which performed well in regional polls last year
at the expense
of Chancellor Angela Merkel's Christian Democrats.
But actually, Evans» point
of clarification on this issue is soooo important, since it gets
at one
of the biggest confusions about monetary
policy and
interest rates today.
After the Fed's
policy statement, traders
of U.S. short - term
interest - rate futures on Wednesday kept bets the Fed will raise
interest rates
at least two more times this year.
The message
of India's Rajan last week was that the self -
interested, short - sighted
policy making he sees
at work today reminds him
of the Great Depression.
But given his anti-regulatory, anti-science rhetoric, we're on high alert,» said Margo Wootan, director
of nutrition
policy at Center for Science in the Public
Interest in Washington.
Ron Haynie, vice president
of mortgage finance
policy at the Independent Community Bankers
of America, said if a bank is willing put up private capital and hold a loan in portfolio, then it has a vested
interest in making sure a borrower can repay.
If both businesses and law enforcement give prompt, upfront disclosure
of what technology is being used and in what manner, it will make it easier for startups to do business and help ease people's concerns, says Tamir Israel, a staff lawyer with the Canadian Internet
Policy and Public
Interest Clinic
at the University
of Ottawa.
The reason Keynesianism got such a boost post-crisis was not for any real - world examples
of its success — the list
of its failures, by contrast, is lengthy — but because
of the assertion, accepted far too quickly with far too little evidence, that monetary
policy,
at the fabled Zero Lower Bound (
interest rates
of near zero) had lost its effectiveness.
This scenario was part
of our thinking
at the beginning
of last year, when Canada's economy was hit by the collapse in oil prices and we cut our
policy interest rate.
Importantly, this future low level
of interest rates is not due to easy monetary
policy; instead, it is the rate expected to prevail when the economy is
at full strength and the stance
of monetary
policy is neutral.
All three
of these reasons — evidence that U.S. monetary
policy is currently only moderately accommodative, the fact that U.S. financial conditions have been influenced by economic and financial market developments abroad, and risk management considerations — argue,
at the moment, for caution in raising U.S. short - term
interest rates.
Today's biggest bubble in safe assets, however, is the one in Treasury bonds, which is a direct consequence
of the Fed's
policy of holding
interest rates down
at abnormally low levels.
* GOLD: Gold prices rose for a second session on Thursday after the U.S. Federal Reserve held
interest rates steady as expected
at the end
of a two - day
policy meeting, while investors awaited U.S. - China trade talks.
As expected, the Federal Reserve held
interest rates steady
at the conclusion
of its two - day
policy meeting on Wednesday.
The moral Contrasting Ms. Bachmann's remarks to the panicky claims by Mr. Geithner and Hank Paulson in September 2008 confirm a basic axiom
of today's junk economics: When an economic error becomes so widespread that it is adopted as official government
policy, there is always a special
interest at work to promote it.
Commodity prices may be affected by a variety
of factors
at any time, including but not limited to, (i) changes in supply and demand relationships, (ii) governmental programs and
policies, (iii) national and international political and economic events, war and terrorist events, (iv) changes in
interest and exchange rates, (v) trading activities in commodities and related contracts, (vi) pestilence, technological change and weather, and (vii) the price volatility
of a commodity.
Separately, the Bank
of Japan (BoJ), which also will be meeting the same days as the Fed (Sept. 20 — 21), may be on the verge
of abandoning its negative
interest rate
policy at some point — but likely not soon.
Most everyone expects the Federal Reserve to hold
interest rates steady
at the conclusion
of its two - day
policy meeting on Wednesday.
At the same time, in many countries, conventional tools of monetary policy have been exhausted with policy interest rates at zero, resulting in the widespread application of unconventional policy response
At the same time, in many countries, conventional tools
of monetary
policy have been exhausted with
policy interest rates
at zero, resulting in the widespread application of unconventional policy response
at zero, resulting in the widespread application
of unconventional
policy responses.
Policy analyst Matthew La Corte cites a variety
of national security experts who note that a strong refugee resettlement program is absolutely critical for promoting U.S.
interests at home and abroad....
The Bank
of Canada's
interest rate
policy is for all
of Canada; it can't be directed just
at a certain market.
After years
at the effective lower bound for short - term
interest rates, economic conditions have finally warranted the start
of U.S. monetary
policy normalization.
The funds were from Y Combinator's new Continuity Fund, which supposedly would be making pro rata investments
at < $ 250 million valuations in all
of Y Combinator's startups gaining additional funding, but the question as to whether or not Y Combinator has reversed its previously stated
policy for the fund is less
interesting than the fact the firm is also moving up market.
«Methods
of Policy Accommodation
at the
Interest - Rate Lower Bound.»
Indeed, even as the Federal Reserve (Fed) began the process
of rate normalization late last year, it left
interest rates unchanged
at its
policy meeting this month.