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.
This is true even as some
funds have buckled
under investor pressure and cut their
rates.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit
ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange
rates and fluctuations in those
rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's
funding obligations
under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
Under current law, high - income
fund partners pay the long - term capital gains
rate of 20 percent on their carried interest income, instead of the 39.6 percent individual tax
rate that applies to the ordinary wage income of high earners.
At July 28, 2012, borrowings
under the Asset - Based Revolving Credit Facility bore interest at a
rate per annum equal to, at NMG's option, either (a) a base
rate determined by reference to the highest of (i) a defined prime
rate, (ii) the federal
funds effective
rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR
rate plus 1.00 % or (b) a LIBOR
rate, subject to certain adjustments, in each case plus an applicable margin.
At April 27, 2013, borrowings
under the Asset - Based Revolving Credit Facility bore interest at a
rate per annum equal to, at NMG's option, either (a) a base
rate determined by reference to the highest of (i) a defined prime
rate, (ii) the federal
funds effective
rate plus 1/2 of 1.00 % or (iii) a one - month LIBOR
rate plus 1.00 % or (b) a LIBOR
rate, subject to certain adjustments, in each case plus an applicable margin.
Since December 17, the day after the FOMC meeting, the effective federal
funds rate, calculated
under its current methodology as a volume - weighted mean, has traded within the FOMC's new 25 - to -50-basis-point range on all but one day, which I'll come back to.
Loans
under the new credit facility bear interest, at our option, at (i) a base
rate based on the highest of the prime
rate, the federal
funds rate plus 0.50 % and an adjusted LIBOR
rate for a one - month interest period in each case plus a margin ranging from 0.00 % to 1.00 %, or (ii) an adjusted LIBOR
rate plus a margin ranging from 1.00 % to 2.00 %.
Loans
under the new credit facility bear interest, at the Company's option, at (i) a base
rate based on the highest of the prime
rate, the federal
funds rate plus 0.50 % and an adjusted LIBOR
rate for a one - month interest period in each case plus a margin ranging from 0.00 % to 1.00 %, or (ii) an adjusted LIBOR
rate plus a margin ranging from 1.00 % to 2.00 %.
Borrowings
under the credit facility bear interest, at our option, at (i) a base
rate based on the highest of the prime
rate, the federal
funds rate plus 0.50 %, and an adjusted LIBOR
rate for a one - month interest period plus 1.00 %, in each case plus a margin ranging from 0.00 % to 0.75 %; or (ii) an adjusted LIBOR
rate plus a margin ranging from 1.00 % to 1.75 %.
Figure 2 contains our detailed
fund rating for the Insurance Sector SPDR (KIE), which includes each of the criteria we use to
rate all
funds under coverage.
Loans
under the credit facility bear interest, at the Company's option, at (i) a base
rate based on the highest of the prime
rate, the federal
funds rate plus 0.50 % and an adjusted LIBOR
rate for a one - month interest period plus 1.00 %, in each case plus a margin ranging from 0.00 % to 0.75 % or (ii) an adjusted LIBOR
rate plus a margin ranging from 1.00 % to 1.75 %.
Borrowings
under our credit facility bear interest at a per annum
rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 %) or (b) for ABR loans, the highest of (i) the federal
funds effective
rate plus 0.5 %, (ii) the prime
rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offering.
Borrowings
under the refinanced Term Loan bear interest at a
rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal
Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
Rate plus 0.5 %, (ii) the Prime
Rate, or (iii) one - month LIBOR plus 1.
Rate, or (iii) one - month LIBOR plus 1.0 %.
Lipper Leader -
Under the Lipper
Rating System there are those mutual
funds that are defined by the term Lipper leaders.
The
rate of
under -
funding went from 20 % to 47 %.
As savers, pension
funds and insurance companies sought relief from the pain of low interest
rates, the issue now is «whether they ended up taking up risks that were greater than they realized,» said Donald Kohn, the Fed's former vice chairman
under Bernanke.
We anticipate that borrowings
under the New Credit Facility will bear interest, at our option, at either the prime
rate or LIBOR plus, in each case, an applicable margin determined according to a grid based on a net
funded debt to Adjusted EBITDA ratio.
ABR loans
under our Cash Flow Facility bear interest at a variable
rate equal to the applicable margin plus the highest of (i) 3.5 %, (ii) the prime
rate, (iii) the federal
funds effective
rate plus 0.5 %, and (iv) the adjusted LIBOR
rate plus 1.0 %.
Borrowings
under our credit facility bear interest at a per annum
rate equal to, at our option, either (a) for LIBOR loans, LIBOR (but not less than 1.0 % for the term loan only) or (b) for ABR loans, the highest of (i) the federal
funds effective
rate plus 0.5 %, (ii) the prime
rate, or (iii) one month LIBOR plus 1.0 %, plus a margin ranging from 3.25 % to 3.75 % for LIBOR loans and 2.25 % to 2.75 % for ABR Loans, depending on our leverage ratio and on certain factors relating to this offering.
Borrowings
under the refinanced Credit Facility bear interest at a
rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
rate equal to, at our option, either (a) LIBOR (not less than 1.0 % for the Term Loan only) plus 3.75 % per annum or (b) 2.75 % per annum plus the highest of (i) the Federal
Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
Rate plus 0.5 %, (ii) the Prime
Rate, or (iii) one - month LIBOR plus 1.
Rate, or (iii) one - month LIBOR plus 1.0 %.
Along those lines, some observers have suggested that it's necessary to raise the target for the fed
funds rate soon in order to keep inflation
under control.
The interest
rate was revised such that borrowings under the refinanced Term Loan bear interest at a rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
rate was revised such that borrowings
under the refinanced Term Loan bear interest at a
rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
rate equal to, at our option, either (a) LIBOR (not less than 1.0 %) plus 3.0 % per annum or (b) 2.0 % per annum plus the highest of (i) the Federal
Funds Rate plus 0.5 %, (ii) the Prime Rate, or (iii) one - month LIBOR plus 1.
Rate plus 0.5 %, (ii) the Prime
Rate, or (iii) one - month LIBOR plus 1.
Rate, or (iii) one - month LIBOR plus 1.0 %.
See, as the 2000 - 2002 bear market was just starting, the Federal Reserve
under Alan Greenspan immediately shifted to fresh monetary easing, cutting the Federal
funds rate and the Discount
rate on January 3, 2001.
Under current federal law, long - term capital gains for individual investors in the
fund are taxed at a maximum
rate of 15 %.
The Federal Reserve has just ended its latest FOMC meeting, and the first such gathering
under the stewardship of Jerome Powell, and voted to raise the federal
funds rate target by 25 basis points.
Under assumptions that I consider more realistic under present circumstances, the same rules call for the federal funds rate to be close to
Under assumptions that I consider more realistic
under present circumstances, the same rules call for the federal funds rate to be close to
under present circumstances, the same rules call for the federal
funds rate to be close to zero.
If that weren't enough to light a fire
under would - be home buyers, the Federal Reserve recently announced that it would increase the short - term federal
funds rate for only the second time in a decade.
Under normal circumstances, simple monetary policy rules, such as the one proposed by John Taylor, could help us decide when to raise the federal
funds rate.
When asked for additional clarity during the March FOMC press conference she said only that shrinking the balance sheet is not predicated on a pre-specified level for the federal
funds rate and that overall monetary policy normalization would be «well
under way» before shrinking the balance sheet commenced.
«Kazakhstan is
under attack from hedge
funds and we will fight back,» Karim Masimov said, after president Nursultan Nazarbayev complained the country was suffering from «unfounded» downgrades of its credit
ratings.
Figure 2 contains our detailed
fund rating for Royce Small Cap Value (RVFIX), which includes each of the criteria we use to
rate all
funds under coverage.
On March 21, the Federal Open Market Committee (FOMC) of the US Federal Reserve Board
under its new chairman, Jerome Powell, raised benchmark interest
rates, or the target for the federal
funds rate, by 25 basis points to 1.5 - 1.75 percent, effectively bringing the federal
funds rate to a little above 1.6 percent.
Every pension
fund under the sun in this country — because
rates are so low — has monthly negative outflows of cash: beneficiaries are being paid more money than is flowing into the
fund.
Figure 2 contains our detailed
fund rating for RSEIX, which includes each of the criteria we use to
rate all
funds under coverage.
Under this new rule,
Fund VP will recognize $ 15 million of long - term capital gain in 2018, and $ 5 million of short - term capital gain, which will be taxed at the applicable ordinary income tax
rate.
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.
The
rate of top - up
funding may reflect a degree of
under - occupancy in such cases
Under Cuomo's bill, carried interest — which is essentially income for partners of hedge
funds and other private investment companies — would have to be taxed at the same
rate as income.
And
under the previous government a cleaner paid a higher
rate of tax on their wages than a hedge
fund manager selling their shares - a gross unfairness that we have fixed.
Faced with a $ 40 million budget gap, he turned this «grim» situation into 3 straight budgets
under the mandated state tax cap, built a budget surplus of over $ 18 million this year, replenished the
fund balance to $ 40 million, and improved the county's bond
rating to among the highest in the State.
Now the President's renewed focus on higher graduation
rates will be dramatically undermined by the consistent
under -
funding of public higher education in this state.»
Rallis: It's true we have a healthy
fund balance, strong bond
rating keeps us
under the tax cap... We look good on paper, but how is Town Hall being managed.
Calibrated to the $ 168.3 billion in all
funds spending
under the enacted New York State budget for the 2018 - 19 fiscal year, the Empire Center's «Spend - O - Meter» spins at the following
rates:
The proposed federal regulation would also cut
funding for schools with Common Core participation
rates under 95 percent, according to Killian.
Facing a $ 40 million budget gap he turned this «grim» situation into 3 straight budgets
under the mandated state tax cap, built a budget surplus of over $ 18 million this year, replenished the
fund balance to $ 40 million, and improved the county's bond
rating to among the highest in the State.
Facing a $ 40 million budget gap he turned this «grim» situation into 3 straight budgets
under the mandated state tax cap, building a budget surplus of over $ 18 million this year, replenishing the
fund balance to $ 40 million, improving the county's bond
rating to among the highest in the State.
Facing a $ 40 million budget gap he turned this «grim» situation into 3 consecutive budgets
under the mandated state tax cap, built a budget surplus of over $ 18 million this year, replenished the
fund balance to $ 40 million, and improved the county's bond
rating to among the highest in the State.
Facing a $ 40 million budget gap he turned this «grim» situation into 3 straight budgets
under the mandated state tax cap, building a budget surplus of over $ 18 million this year, replenishing the
fund balance to $ 40 million, and improving the county's bond
rating to among the highest in the State.
He said he assumed the office when the county faced a $ 40 million budget gap, then turned the «grim» situation into three straight budgets
under the mandated state tax cap, built a budget surplus of more than $ 18 million this year, replenishing the
fund balance to $ 40 million, and improved the county's bond
rating to among the highest in the state.