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." ()
countries growth political rates revise turmoil
If the political turmoil continues, we may need to revise growth rates in countries like Thailand." ()
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." ()
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." ()
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." ()
backdrop favorable less political recently
Asia's political backdrop has recently become less favorable for growth." ()
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." ()
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." ()
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." ()
downward emerging forecast further growth midst political rates sovereigns turmoil weakest
Those sovereigns in the midst of political turmoil also have the weakest growth rates in emerging Asia, and further downward revisions to the growth forecast may be necessary." ()
country politics
The Philippines is one country where politics matter." ()
political tolerance
We are still comfortable. In a BB range, we do have some tolerance for political noise." ()
credit domestic growth product
When you've got credit growth that already exceeds (gross domestic product growth), that's a lot of new credit." ()