"We don't think we're going to see the downside on that part of the business because our customers have to go ahead and develop these projects and try to recognize some cash flow out of the costs they incurred three or four years ago, " says David Lesar, Halliburton's president and chief operating officer.
At the least, ''like federal spending, each agency's flow of regulations and their costs should be tracked and monitored each year.
True, he explains, technologies that speed up the flow of information bring down transaction costs, which should induce companies to do less themselves and outsource more.
Electronic trading has shortened settlement times, lowered bid-ask prices for frequently traded stocks, reduced brokerage costs and improved the flow of information.
McDonnell has touted the potential benefits of the deal, emphasizing the economic costs of traffic congestion and the enormous gains that would flow from reducing it.
The above is a cash flow financing issue, not a matter of transition costs.
It is far more important for countries to strengthen their domestic financial systems, so that they can enjoy the benefit a free flow of capital brings without falling victim to the costs.
This can bring to bear a cruel process of creative destruction on entrenched competitors without the willingness or vision to change, but in our current economic landscape, it can offer a steady flow of more efficient business endeavors that inspire imagination and eliminate unnecessarily inflated costs.
True, the company swung to a profit from a loss and reported that operating margins were once again positive, but it warned those margins are likely to contract as higher feed costs flow through and hit during what is a period of seasonal weakness, after the end of the summer and early autumn barbecue season.
But they face growing pressure to cut costs, and 40-50% of their revenues still flow to employees.
In addition, a line would have been drawn under potentially much higher costs by preventing the bail-outs from becoming a permanent flow of transfers.
He assumed that he could deregulate 12% to 15% of the apartments a year, a laughable figure that embittered even those residents whom management's private detectives didn't try to evict. (Mr. Speyer's firm, tellingly, had made its name in commercial real estate, not residential.) Mr. Speyer had overestimated cash flow and the pool of would-be affluent renters, and had underestimated maintenance costs.
Still, because of relatively inexpensive production costs, Sensata is able to maintain 30% cash flow margins.
The increased costs could take away from cash flow "to further invest in the growth of my small business, " he said in an interview.
WSJ: Wells Fargo to Increase Interest Rates on Some Small-Business Credit Lines
Not only does telecoms traffic grow roughly twice as fast in competitive markets as in monopoly markets, but the benefits flow to all corners of the economy in the form of new technology, innovative services, lower distribution costs and much lower average tariffs.
Perhaps even worse, the flow of bonus checks has persuaded successive city governments that it's not necessary to diversify the economy or cut exorbitant costs.
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