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...
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." ()
deep good job people quite
They do a pretty good job of getting people in who are quite capable. They have a deep bench." ()
growing money question supply
There is a question about how long you can do that, but it is not as if money supply is growing too fast." ()
concerned effect finances fiscal might outlook performance political politics public structure
There are two things that we're still concerned about. One is the structure of public finances notwithstanding the fiscal performance in 2005 and two is the political outlook and the effect that politics might have on public finance." ()
countries growth political rates revise turmoil
If the political turmoil continues, we may need to revise growth rates in countries like Thailand." ()
along bank biggest central challenge control inflation potential
The biggest challenge for the central bank is to control the potential inflation that comes along with the buildup in reserves." ()
becoming maybe reserves
The reserves are more than adequate. Maybe it is becoming excessive." ()
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." ()
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." ()
damaged entire episode fiscal policy
The entire episode really damaged fiscal policy credibility in the Philippines." ()
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." ()
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." ()
both issue negative outlook recent resolved
While the e-VAT and the impeachment issue have both been resolved favorably in recent days, we are maintaining our negative outlook on the Philippines' ratings." ()