APPLE INC (Form: 424B2, Received: 11/04/2014 06:07:42)
... We also make available, free of charge, on or through our Internet web site (investor.apple.com) our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, Proxy Statements on Schedule 14A and, if applicable, amendments to those reports filed or furnished pursuant ...
... We also make available, free of charge, on or through our Internet web site (investor.apple.com) our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, Proxy Statements on Schedule 14A and, if applicable, amendments to those reports filed or furnished pursuant ...
NBER WORKING PAPER SERIES PUBLIC DEBT MANAGEMENT IN BRAZIL Francesco Giavazzi Alessandro Missale
... case of Brazil the paramount objective of debt management should be that of reducing the country’s fiscal vulnerability.1 This calls for funding at low cost but also for minimizing the risk of large interest payments due to unexpected changes in interest rates and/or in the exchange rate.2 Risk mini ...
... case of Brazil the paramount objective of debt management should be that of reducing the country’s fiscal vulnerability.1 This calls for funding at low cost but also for minimizing the risk of large interest payments due to unexpected changes in interest rates and/or in the exchange rate.2 Risk mini ...
KELLOGG CO (Form: 424B5, Received: 02/26/2016 17:06:57)
... obligations, to the extent of the assets that serve as security for those obligations. As of January 2, 2016, our subsidiaries had $554 million of indebtedness (including outstanding letters of credit but excluding trade payables) and we had no secured debt (other than $5 million of capital lease ob ...
... obligations, to the extent of the assets that serve as security for those obligations. As of January 2, 2016, our subsidiaries had $554 million of indebtedness (including outstanding letters of credit but excluding trade payables) and we had no secured debt (other than $5 million of capital lease ob ...
mmi13 Watzka 19074706 en
... subprime mortgage market, encouraged an increasing number of Americans to fulfill their lifelong dreams of buying their own apartments or houses or moving into larger and fancier homes. In 2006-2007, the housing bubble burst, first home owners, then banks and finally real sector companies came under ...
... subprime mortgage market, encouraged an increasing number of Americans to fulfill their lifelong dreams of buying their own apartments or houses or moving into larger and fancier homes. In 2006-2007, the housing bubble burst, first home owners, then banks and finally real sector companies came under ...
securities and exchange commission - corporate
... increase in debt related to vessels acquired in September 2014, the issue of the $150 million convertible senior notes in September 2014 and the expense related to previously unamortized upfront fees related to the financing of the Samco Scandinavia that was refinanced in the second quarter of 2015 ...
... increase in debt related to vessels acquired in September 2014, the issue of the $150 million convertible senior notes in September 2014 and the expense related to previously unamortized upfront fees related to the financing of the Samco Scandinavia that was refinanced in the second quarter of 2015 ...
Efficient Bailouts? - Federal Reserve Bank of Minneapolis
... When firms hire workers, they do not internalize that by doing so they raise wages paid by other firms, which in turn drags down their profits and their ability to invest when equity constraints are binding. As a result, a social planner that is constrained by the same frictions as the private econo ...
... When firms hire workers, they do not internalize that by doing so they raise wages paid by other firms, which in turn drags down their profits and their ability to invest when equity constraints are binding. As a result, a social planner that is constrained by the same frictions as the private econo ...
Words
... It is reasonably possible that some federal, state and local tax examinations will be settled during the next twelve months. If any of these tax audit settlements do occur within the next twelve months, we will make any necessary adjustments to the accrual for uncertain tax benefits. It is not pract ...
... It is reasonably possible that some federal, state and local tax examinations will be settled during the next twelve months. If any of these tax audit settlements do occur within the next twelve months, we will make any necessary adjustments to the accrual for uncertain tax benefits. It is not pract ...
Italy - Marcello Minenna
... Currency matters: 90% correlation in Italy between productivity and FX since 1970 Italy’s current 20% average labour productivity (ALP) gap vs Germany and France stems from three periods: 1) 1979, when Italy entered the EMS with a +/-6% fluctuation boundary; 2) 1989, when it joined its peers in the ...
... Currency matters: 90% correlation in Italy between productivity and FX since 1970 Italy’s current 20% average labour productivity (ALP) gap vs Germany and France stems from three periods: 1) 1979, when Italy entered the EMS with a +/-6% fluctuation boundary; 2) 1989, when it joined its peers in the ...
Toromont Announces Fourth Quarter 2013 Results
... and statements included in this press release. For a further description of certain risks and uncertainties and other factors that could cause or contribute to actual results that are materially different, see the risks and uncertainties set out in the "Risks and Risk Management" and "Outlook" secti ...
... and statements included in this press release. For a further description of certain risks and uncertainties and other factors that could cause or contribute to actual results that are materially different, see the risks and uncertainties set out in the "Risks and Risk Management" and "Outlook" secti ...
Corporate Finance
... dividend policy a decade ago, its actions over that decade have frittered away this flexibility. Bottom line: Large cash balances would not be tolerated in this company. Expect to face relentless pressure to pay out more dividends. ...
... dividend policy a decade ago, its actions over that decade have frittered away this flexibility. Bottom line: Large cash balances would not be tolerated in this company. Expect to face relentless pressure to pay out more dividends. ...
Inflating Away the Public Debt? - Centre for Economic Policy Research
... to other researchers, makes the approximations no longer necessary. Krause and Moyen (2013) use a DSGE model, making many structural and behavioral assumptions and investigating many links through inflation may affect debt, fiscal surpluses and seignorage. We only assume no arbitrage in the governm ...
... to other researchers, makes the approximations no longer necessary. Krause and Moyen (2013) use a DSGE model, making many structural and behavioral assumptions and investigating many links through inflation may affect debt, fiscal surpluses and seignorage. We only assume no arbitrage in the governm ...
This PDF is a selection from an out-of-print volume from... Research Volume Title: Measures of Credit Risk and Experience
... lending institutions were not hurt in any serious way — their private costs, except for minor foreclosure expenses, were covered by the FHA insurance; they simply turned the foreclosed real estate over to the government. The economy of the area, however, suffered badly. The oversupply of houses exis ...
... lending institutions were not hurt in any serious way — their private costs, except for minor foreclosure expenses, were covered by the FHA insurance; they simply turned the foreclosed real estate over to the government. The economy of the area, however, suffered badly. The oversupply of houses exis ...
Wolverine Form 10-K 2014
... Company itself. Such statements often contain words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is likely,” “plans,” “predicts,” “projects,” “should,” “will,” variations of such words, and similar expressions. Forwardlooking statements, by their nature, addres ...
... Company itself. Such statements often contain words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “is likely,” “plans,” “predicts,” “projects,” “should,” “will,” variations of such words, and similar expressions. Forwardlooking statements, by their nature, addres ...
FORM 10-Q - corporate
... guidance to provide a single, comprehensive revenue recognition model for all contracts with customers. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customers at an amount that the entity expects to be entitled to in exchange for th ...
... guidance to provide a single, comprehensive revenue recognition model for all contracts with customers. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customers at an amount that the entity expects to be entitled to in exchange for th ...
mmi13 Egert 19074760 en
... markets, and banking sector bailouts prevented the collapse of the financial system. While these actions certainly helped smooth the cycle, discretionary fiscal loosening and banking sector bail-outs contributed to a large extent to a sharp increase in many countries’ public debt-to-GDP ratio. It is ...
... markets, and banking sector bailouts prevented the collapse of the financial system. While these actions certainly helped smooth the cycle, discretionary fiscal loosening and banking sector bail-outs contributed to a large extent to a sharp increase in many countries’ public debt-to-GDP ratio. It is ...
Banking Relationships and REIT Capital Structure - DataPro
... (2003). If public debt issuers tend to target leverage to maintain their credit ratings, it is not surprising that REITs with banking relationships have lower leverage.8 Although this result differs from Johnson’s (1998) study of nonREIT firms, such a difference is largely due to the unique characte ...
... (2003). If public debt issuers tend to target leverage to maintain their credit ratings, it is not surprising that REITs with banking relationships have lower leverage.8 Although this result differs from Johnson’s (1998) study of nonREIT firms, such a difference is largely due to the unique characte ...
Springleaf Holdings, Inc.
... Holdings, Inc.; (ii) “Springleaf,” “we,” “the Company,” “our” and “us” refer to Springleaf Holdings, Inc. and its consolidated subsidiaries; (iii) “SFC” refer to Springleaf Finance Corporation and its consolidated subsidiaries; (iv) “OneMain” refer to OneMain Financial Holdings, Inc. and its consoli ...
... Holdings, Inc.; (ii) “Springleaf,” “we,” “the Company,” “our” and “us” refer to Springleaf Holdings, Inc. and its consolidated subsidiaries; (iii) “SFC” refer to Springleaf Finance Corporation and its consolidated subsidiaries; (iv) “OneMain” refer to OneMain Financial Holdings, Inc. and its consoli ...
Financial Ratio Medians-2015.indd
... operating revenues after meeting cash expenses, but is adjusted to add net entrance fee receipts from turnover in both the numerator and denominator. This means figures from the Statement of Cash Flows are needed. Net turnover-related entrance fees are the cash flows associated with residents moving ...
... operating revenues after meeting cash expenses, but is adjusted to add net entrance fee receipts from turnover in both the numerator and denominator. This means figures from the Statement of Cash Flows are needed. Net turnover-related entrance fees are the cash flows associated with residents moving ...
MERCURY GENERAL CORP (Form: 424B5
... Neither this prospectus supplement nor the accompanying prospectus is a prospectus for the purposes of the Prospectus Directive (as defined below). This prospectus supplement and the accompanying prospectus have been prepared on the basis that any offer of notes in any Member State of the European E ...
... Neither this prospectus supplement nor the accompanying prospectus is a prospectus for the purposes of the Prospectus Directive (as defined below). This prospectus supplement and the accompanying prospectus have been prepared on the basis that any offer of notes in any Member State of the European E ...
Sovereign Risk, Currency Risk, and Corporate Balance Sheets.
... only to later default on their external debt as economic conditions deteriorated. Following these crises, emerging market governments curtailed their FC borrowing and moved toward borrowing in their local currency (LC). Using a newly constructed comprehensive dataset on the currency composition of s ...
... only to later default on their external debt as economic conditions deteriorated. Following these crises, emerging market governments curtailed their FC borrowing and moved toward borrowing in their local currency (LC). Using a newly constructed comprehensive dataset on the currency composition of s ...
Inflation, default and sovereign debt
... means that the government faces stronger incentives to borrow. In equilibrium this leads to high ination in the model even without substantially higher debt levels, as the tax base for ination is lower with real debt, and so the government needs to inate more to generate the same amount of reven ...
... means that the government faces stronger incentives to borrow. In equilibrium this leads to high ination in the model even without substantially higher debt levels, as the tax base for ination is lower with real debt, and so the government needs to inate more to generate the same amount of reven ...
Annual Report 2014
... Copyright Bureau in the coming years. Both decisions were made by a fully united Board and can be seen as logical consequences of dramatic changes of mechanical rights administration in the Nordic and Baltic countries. Nordic cooperation It makes sense to cooperate among the Nordic societies as long ...
... Copyright Bureau in the coming years. Both decisions were made by a fully united Board and can be seen as logical consequences of dramatic changes of mechanical rights administration in the Nordic and Baltic countries. Nordic cooperation It makes sense to cooperate among the Nordic societies as long ...
First Report on the Public Credit
The First Report on the Public Credit was one of three major reports on fiscal and economic policy submitted by American Founding Father and first United States Treasury Secretary Alexander Hamilton on the request of Congress. The report analyzed the financial standing of the United States of America and made recommendations to reorganize the national debt and to establish the public credit. Commissioned by the House of Representatives on September 21, 1789, the Report was presented on January 9, 1790, at the second session of the First US Congress. The 40,000 word document called for full federal payment at face value to holders of government securities (“Redemption”) and the national government to assume funding of all state debt (“Assumption”) The political stalemate in Congress that ensued led to the Compromise of 1790, locating the permanent US capitol on the Potomac River (""Residency”).The Federalist's success in winning approval for Hamilton’s reforms led to the emergence of an opposition party – the Democratic-Republicans and set the stage for political struggles that would persist for decades in American politics.