Economic growth in the United States has slowed in recent quarters, reflecting in part the economy's transition from the rapid rate of expansion experienced over the preceding years to a more sustainable pace of growth.
Importantly, he spoke of the transition to a new forward-rate guidance, possibly tied to economic indicators such as inflation and unemployment.
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So, savvy multinationals would much rather bring the dough back now at an extremely low rate and avoid paying a bigger transition tax in a couple of years.
If recent developments in Slovakia and Slovenia are any guide, it seems that as the economies of east-central Europe converge with the EU15, so too will the transition region's attitude towards flat-rate taxation.
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"A drop in price, widespread availability of HD content and successful completion of the digital television transition last year have all led to an increased ownership rate for HDTVs, " said Markwalter.
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The projections showed that unless significant action is taken, the nation is likely to lose up to 4 million jobs over the next year and that the unemployment rate will probably rise above 9 percent, a transition aide told CNN.
This suggests a transition toward a new guidance could include a measure of the unemployment rate around 4.5% to 5%.
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China, for example, holds a lot of promise for Apple considering the huge 2G subscriber base that the carriers there are trying to transition to 3G (3G penetration is currently only 17% in China and growing at a good rate).
China, for example, holds a lot of promise for Apple considering the huge 2G subscriber base that the carriers there are trying to transition to 3G (3G penetration is currently only about 18% in China and growing at a good rate).
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Rato said the transition to higher interest rates had gone smoothly so far but was not finished and urged central bankers to communicate their rate plans to markets to let them adjust.
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