“We aren’t going to see a major change,” said Hewson. Lockheed Martin Corp's LMT.N new president and chief operating officer, Marillyn Hewson, told analysts on Monday her company had been preparing for tighter defense budgets for years, even before the sequestration deal. The industry has already shed tens of thousands of jobs and closed facilities. Markers of weapons systems note that they have long been preparing for declining sales as the United States winds down two long warns in Iraq and Afghanistan. The defense and healthcare sectors are the most vulnerable to the fiscal cliff, as they face the threat of sequestration - automatic, across-the-board cuts to their funding. But we are mindful that there is a benefit to concluding things this year rather than next. “We don’t have a “for sale” sign on anything.

It does seem that the probability is that rates will go up,” Ross said in an interview with Reuters Insider. “We, like many people, have been trying to utilize gains this year. Wilbur Ross, an investor known for taking stakes in distressed companies, is bracing for higher tax rates in 2013. Obama and the Republican leadership of the House of Representatives have signaled a more conciliatory tone since last week’s election, when Obama soundly defeated Republican challenger Mitt Romney, whose party retained a majority in the House. unemployment rate up to 9.1 percent, the highest since July 1991. The CBO report warned that failure to reach a deal could push the U.S. “Until we solve the fiscal issues (in the United States and Europe), you’re not going to get back to normal GDP growth,” Cutler told investors on Tuesday.ĬEOs are not alone in this worry. Sandy Cutler, CEO of manufacturer Eaton Corp ETN.N, shared his concern. economy would contract 0.5 percent in 2013 if the government fails to stop the budget cuts and tax increases - far below the 2 percent growth economists currently forecast.Ī failure in Washington to solve the crisis by the year's end could prompt major companies to curtail investment plans, said Duncan Niederauer, CEO of NYSE Euronext NYX.N, operator of the New York Stock Exchange. The nonpartisan Congressional Budget Office estimates that the U.S. I think it could turn into a conflagration.” Some think it would just be a small fire. “If they go off the cliff, I think it would spark a recession that’s a lot bigger than economists think. “If the last debt ceiling discussion was playing with fire, this time they’re playing with nitroglycerin,” Cote said in an interview. economy to go over the fiscal cliff came from Honeywell CEO David Cote. One of the more dramatic warnings of the consequences of allowing the U.S.

The Business Roundtable on Tuesday kicked off a print, radio and online ad campaign on which it plans to spend hundreds of thousands of dollars featuring the chiefs of Honeywell International Inc HON.N, Xerox Corp XRX.N and United Parcel Service Inc UPS.N calling on lawmakers to resolve the issue. With a heated election season in the rear-view mirror, executives are calling on the White House and congressional leaders to head off a self-imposed deadline that could bring $600 billion in spending cuts and higher taxes early in 2013 if they are unable to reach a deal on cutting the federal budget deficit.

Some rogue SRM happens in the novel 'Ministry for the Future.' Read it for the hope it gives.īecause we recognize the necessity of personal accountability for our actions, because we accept responsibility for a building a durable future and because we believe it is our patriotic duty as citizens to speak out, we must insist the United States transform it’s energy sector, over the next decade, under a just and equitable plan, that uses regulations, investments and a price on carbon to safeguard our collective future.New York Stock Exchange CEO Duncan Niederauer listens during an interview in his office, November 13, 2012.Nils Gilman and the contingency of the nation state.Pandora's Toolbox at Barnes and Noble's.The Climate Minute talks to author Wake Smith about Carbon Dioxide Removal.Should we be making tools for future generation to use to clean up our mess? Listen in. The new book Pandora’s Toolbox, the hopes and hazards of climate intervention takes us through not just the method, but the governance and ethics of this idea. “Solar Radiation Management’ is a fancy way to say we should reflect some sunlight back into space.

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