Over the past decade, there has been a gradual aggregate shift from public equities to fixed - income and alternative assets, reflecting growing interest in reducing investment risk, especially in limiting the volatility
of plan liabilities (Figure 6).
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.
Dig Deeper: Choosing the Limited
Liability Company as Your Corporate Form Case Study: Why an S Corp Might Be the Better Choice While Turner's story is a compelling one for a smaller, lifestyle business, the truth is that fast - growing businesses that
plan to bring on investors or share the ownership
of the company with employees may need to consider making the switch to an S corp sooner rather than later.
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.
Principal documents that should be submitted by the entrepreneur who hopes to start a new business include: resume (and resumes
of any other key people involved in the proposed enterprise); current financial statement
of all personal assets and
liabilities; summary
of collateral; proposed operating
plan; and statement detailing revenue projections.
MOSCOW, May 1 - Russia's largest oil producer Rosneft has proposed a $ 2 billion share buyback to improve returns, alongside
plans to cut total debt and trading
liabilities by a minimum
of 500 billion roubles this year.
As the details
of this
plan become known, and as the political response builds from people who fear their taxes will be raised, and as they build a coalition with special interests who would lose out from other aspects
of the proposal (like investors who do not like the proposed limitation on the deduction
of business - interest expenses), this
plan will become an enormous
liability.
Advisers who presently are fiduciaries may be especially likely to fully satisfy the PTEs» Impartial Conduct Standards before January 1, 2018, in the ERISA -
plan context, because advisers who make recommendations to
plans and
plan participants regarding
plan assets, including recommendations on rollovers or distributions
of plan assets, are already subject to standards
of prudence and loyalty under ERISA and a violation
of the Impartial Conduct Standards would be subject to claims for civil
liability under ERISA.
However, in order to accommodate the certainty
of employer contributions required by these
plans, regulatory law in all Canadian jurisdictions allows trustees to reduce accrued benefits in order to balance the
plans» assets and
liabilities.
Pursuant to the Offering, we are offering on a continuous basis up to $ 1.5 billion in units
of our limited
liability company interest, consisting
of up to $ 1.25 billion
of units in the primary Offering consisting
of Class A units at an initial offering price
of $ 10.00 per unit, Class C units at $ 9.576 per unit and Class I units at $ 9.186 per unit, and up to $ 250 million
of units pursuant to the Distribution Reinvestment
Plan.
He is a Certified Specialist both in Taxation Law and in Estate
Planning, Trust & Probate Law (The State Bar
of California, Board
of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil tax and criminal tax controversy matters and tax litigation, including tax - related examinations and investigations for individuals, business enterprises, partnerships, limited
liability companies, and corporations.
Examples include provisions that allow immediate expensing or accelerated depreciation
of certain capital investments, and others that allow taxpayers to defer their tax
liability, such as the deferral
of recognition
of income on contributions to and income accrued within qualified retirement
plans.
(a) Schedule 2.7 (a)
of the Disclosure Schedule contains a list setting forth each employee benefit
plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
plan, program, policy or arrangement (including any «employee benefit
plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
plan» as defined in Section 3 (3)
of the Employee Retirement Income Security Act
of 1974, as amended («ERISA»)(«ERISA
Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
Plan»)-RRB-, including, without limitation, employee pension benefit
plans, as defined in Section 3 (2)
of ERISA, multi-employer
plans, as defined in Section 3 (37)
of ERISA, employee welfare benefit
plans, as defined in Section 3 (1)
of ERISA, deferred compensation
plans, stock option
plans, bonus
plans, stock purchase
plans, fringe benefit
plans, life, hospitalization, disability and other insurance
plans, severance or termination pay
plans and policies, sick pay
plans and vacation
plans or arrangements, whether or not an ERISA
Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligat
Plan (including any funding mechanism therefore now in effect or required in the future as a result
of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant
of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future
liability or obligation.
«Total CEO realized compensation» for a given year is defined as (i) Mr. Musk's salary, cash bonuses, non-equity incentive
plan compensation and all other compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk in such year in connection with which shares
of stock were also sold other than to satisfy the resulting tax
liability, if any, the difference between the market price
of Tesla common stock at the time
of exercise on the exercise date and the exercise price
of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares
of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting
of such restricted stock unit, if any, the market price
of Tesla common stock at the time
of vesting, plus (iv) any cash actually received by Mr. Musk in respect
of any shares sold to cover tax
liabilities as described in (ii) and (iii) above, following the payment
of such amounts.
It increased to 16.0 % in 2009 - 10, primarily due to the impact
of the stimulus measures in the Economic Action
Plan and the booking
of one - time
liabilities.
Trying to offset the impact
of these non-predictable, irregular
liabilities on an annual basis would be extremely disruptive to effective
planning and management.
You should do a detailed analysis (plugging in numbers into a calculator)
of your 2018 tax
liability before and after this tax reform
plan is put through.
These amounts directly affect the federal government's budgetary balance, as it has no ongoing
liability with respect to any
of the projects financed through this
plan
The legislative intention is that these savings
plans be used for the longer term
liabilities of retirement and therefore from a asset management perspective be matched with longer term assets.
The # 1 source
of fiduciary
liability for 401 (k)
plan sponsors today is paying excessive fees from
plan assets.
Small business 401 (k)
plan sponsors have a fiduciary responsibility to act in the best interest
of their
plan participants or risk personal
liability.
It's the complexity
of the DOL carve - outs and exemptions that could expose 401k
plan sponsors to unnecessary
liability.
During a leveraged buyout the Pension
liabilities MUST be
planned for in advance
of the take - over and pre-funded!!!
Actual results may vary materially from those expressed or implied by forward - looking statements based on a number
of factors, including, without limitation: (1) risks related to the consummation
of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval
of the Merger Agreement, (c) the parties may fail to secure the termination or expiration
of any waiting period applicable under the HSR Act, (d) other conditions to the consummation
of the Merger under the Merger Agreement may not be satisfied, (e) all or part
of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination
of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee
of $ 74 million, or (c) the circumstances
of the termination, including the possible imposition
of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency
of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current
plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect
of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome
of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs,
liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A
of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.
New accounting rules are likely to show that public pension
plans could face hundreds
of billions
of dollars in additional
liabilities, putting new pressure on state and local governments to act.
All other department and agency expenses increased by $ 1.6 billion (3.2 %), largely reflecting an increase in actuarial
liabilities for claims and employees» pension and other future benefit costs, the latter reflecting the impact
of low interest rates on
plan assets.
Clark Insurance offers a variety
of business insurance options, including everything from a business owner's policy and
liability protection to complete employee benefit
plans and key person life insurance.
The court found that a stock trading
plan established by the company's chairman, pursuant to which a broker, rather than the chairman himself, would liquidate a portion
of the chairman's stock in the company, did not preclude potential
liability for insider trading.
Within budgetary revenues, personal income tax revenues declined by $ 1.2 billion (0.8 %), largely reflecting the impact
of tax
planning by high - income individuals, which recognized tax
liabilities in the 2015 taxation year before the new 33 per cent tax rate came into effect in 2016.
You can start this type
of business as limited
liability company (LLC) and in future convert it to a «C» corporation or an «S» corporation especially when you have the
plans of going public.
This assumption rests on yet another, still more tenuous one: that uncooperative provinces like Saskatchewan and Manitoba are unwilling to commit to a national carbon price, not because
of their own particular political interests and
liabilities, but because they remain unconvinced that the national climate
plan will actually succeed.
However, if you're 401 (k)
plan sponsor, you can't be fooled — all conflicts
of interest incentivize bad 401 (k) provider behavior so you must evaluate each to protect participant interests and limit your fiduciary
liability.
The savings created by the Liberal
plan would allow the Balancing Pool to pay off the PPA
liability as part
of its normal operations, without incurring added expense to consumers through interest payments.
Fiserv offers integrated, front - to - back wealth management solutions to help your firm deliver on goals - based wealth management the promise
of the unified managed household (UMH)-- a single view
of total assets and
liabilities for each customer household, actionable data for optimal financial
planning and decisions, and all the automation for portfolio construction, trade execution and rebalancing, portfolio accounting, performance calculation and reporting.
The federal government is not responsible for the
liabilities of the Canada Pension
Plan or that
of the provinces, nor should it be.
They argue that the debt - to - GDP anchor is imprecise, as it does not include the
liabilities of the Canada Pension
Plan or the debt
of the provinces.
Most
of this improvement was due the lower expenses in the second year
of the Economic Action
Plan and extraordinary one - time
liabilities (HST harmonization and increased employee future benefit
liabilities), which inflated the deficit outcome for 2009 - 10.
Way back in the Paleozoic era (as far as markets are concerned), circa 2003, I wrote in this letter and in Bull's Eye Investing that the pension
liabilities of state and municipal
plans would soon top $ 2 trillion.
Plan sponsors using our Fiduciary Investment Services can expect protection from liability arising from third - party claims asserting a failure to exercise the appropriate standard of care under the Employee Retirement Income Security Act of 1974, as amended (ERISA), with respect to the selection and monitoring of the plan's investment lin
Plan sponsors using our Fiduciary Investment Services can expect protection from
liability arising from third - party claims asserting a failure to exercise the appropriate standard
of care under the Employee Retirement Income Security Act
of 1974, as amended (ERISA), with respect to the selection and monitoring
of the
plan's investment lin
plan's investment lineup.
«While Pensions overall continued to have solid returns against a backdrop
of challenging macroeconomic factors, the decline in long - term interest rates has likely increased
plan liabilities,» said Scott MacDonald, managing director, Pensions, RBC Investor & Treasury Services.
If that happens, the subsidy Tier 2 members provide to older workers and retirees would end, and the unfunded
liabilities of Illinois» pension
plans would jump by billions.
Authorized Participants are cautioned that some
of their activities will result in their being deemed participants in a distribution in a manner which would render them statutory underwriters and subject them to the prospectus - delivery and
liability provisions
of the Securities Act
of 1933, as amended («Securities Act»), as described in «
Plan of Distribution.»
Despite the fact that outsourcing some
of a
plan sponsor's fiduciary duties can help mitigate the risk
of increased fiduciary
liability, those who are originally responsible can not completely eliminate their fiduciary duties to the
plan.
Athletic Business Magazine is a monthly publication with high - quality editorial content and wide coverage
of all aspects
of facility
planning, marketing, equipment,
liability, operations and management topics.
Cuomo's office has said that residents
of the 24th District who do itemize their federal taxes, more than 81,000 taxpayers, would see their tax
liability increase by an average
of $ 2,434 under the GOP
plan.
Adams» testimony also questioned the proposed elimination
of the current $ 1 million cap on corporate franchise tax
liability based on taxpayer's in - state capital and
plans to establish a «financial nexus» for out -
of - state credit card operations where no physical in - state nexus exists.
A multi-billion dollar
plan to build a new rail tunnel under the Hudson River could be even more expensive because
of the Scaffold Law — a 19th century
liability law critics say drives up
liability insurance costs, a group looking to repeal the law warned.
Paterson's secretary, Larry Schwartz, and NYC OTB President Greg Rayburn held a conference call earlier today to reiterate that the cash - strapped betting operation will shut down if the Legislature doesn't approve its restructuring
plan, costing thousands
of jobs and leaving the state on the hook for $ 540 million worth
of pension
liabilities and $ 100 million in outstanding bankruptcy claims.
But Republicans are seizing on the
planned absences as proof
of what they describe as Mr. Obama's vulnerability — and the political
liability he could pose to fellow Democrats who are seeking re-election.
But as Britain slips back into recession, and as voters in Europe tire
of austerity, Labour is uniting around a message that the coalition's deficit reduction
plan is fast becoming a
liability.