James McCormack
James McCormack
James McCormack, Jr.was a United States Army officer who served in World War II, and was later the first Director of Military Applications of the United States Atomic Energy Commission...
delayed effects fiscal government including increase january overall percent positive rate reform until wait
The delayed e-VAT detracted from the overall credibility of the fiscal reform program, and we will wait until the e-VAT is implemented fully, including the rate increase from 10 percent to 12 percent scheduled for January 2006, before considering its positive effects on government revenues." ()
becoming maybe reserves
The reserves are more than adequate. Maybe it is becoming excessive." ()
deep good job people quite
They do a pretty good job of getting people in who are quite capable. They have a deep bench." ()
opposition policy power struggle
You don't see much opposition to her policy initiatives. I think it's more of a power struggle than a policy struggle." ()
affects central countries economic matter politics
This is one of the countries where politics matter and it is central to our assessment. Politics affects economic policy." ()
asia believe external growth highly ongoing regional remains whom
Notwithstanding ongoing regional integration with China, growth in Asia remains highly leveraged to external demand, and particularly the US consumer, whom we believe to be overstretched." ()
crisis events inevitably leadership strengthen surviving weaker
The more of these events there are, inevitably the weaker she becomes. Surviving a crisis in leadership doesn't necessarily strengthen a leader." ()
countries growth political rates revise turmoil
If the political turmoil continues, we may need to revise growth rates in countries like Thailand." ()
continuing eventually exchange expect external foreign including increase lead ratings reach reserves strength trillion
The continuing strength of China's external sector, including the increase in its foreign exchange reserves and exports, are a positive. However, an increase in reserves which we expect to eventually reach a trillion US dollars, will not necessarily lead to a ratings upgrade." ()
change fiscal good performance political settled together
The good 2005 fiscal performance and 2006 fiscal outlook, together with the more settled political environment, warrant the change in outlook." ()
fruit good investment previous reflected slower
The fruit of previous investment is being reflected in the slower import figures, and that's good for medium-term growth." ()
address allow chinese combined economic external growth makers opportunity policy sector strengths structural taking
The combined growth and external sector strengths allow Chinese policy makers to better address the country's structural economic challenges, and they have been taking the opportunity to do so." ()
damaged entire episode fiscal policy
The entire episode really damaged fiscal policy credibility in the Philippines." ()
fiscal follow further improve increase medium numbers positive sure tax term
These are positive numbers for the Philippines. We have to make sure that the value-added tax increase is implemented and fiscal follow up is done in the medium term to further improve revenue." ()