The belt-tightening has been in sharp contrast to Sears' legacy.
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The government's belt-tightening has been drastic—and counterproductive, many economists argue.
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Congress held hearings, but businessmen, academics, and bankers proffered only belt-tightening.
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As in most countries, recessions lead to belt-tightening among companies and consumers.
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But few of today's politicians display much of an appetite for belt-tightening.
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Observers suggest belt-tightening by the state is likely without passage of the measure.
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If a crash in valuations is unlikely, however, some belt-tightening is in order.
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The deal, which may impose fiscal belt-tightening conditions, is being negotiated in Washington.
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But the effects of nearly a decade of belt-tightening are starting to show.
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However, Ermolenko said this isn't likely to be the government's last belt-tightening measure.
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Defense lawyers said Ms. Toscano-Percoco's departure coincided with belt-tightening throughout the company.
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And now that advertisers are cutting back, exchanges are preparing for more belt-tightening.
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Colder weather and postholiday belt-tightening often combine to push sales into the doldrums.
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This is "part of a general belt-tightening at Condé Nast," writes Jaclyn Peiser.
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Results for the Irving, Texas-based oil giant were helped by belt-tightening throughout 22015.
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But a more gradual path of belt-tightening should help the economy to remain resilient.
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"People couldn't take it anymore, that's the reality," he said, referring to belt-tightening measures.
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When Collins secured the contract for the Max displays in 2012, it credited the belt-tightening.
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Macri's belt-tightening program has included cuts in electricity, gasoline, transportation and home heating gas subsidies.
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Government belt-tightening has reduced deficits and helped contain the depreciation of the franc, economists say.
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" He said these cost reductions "are more than belt-tightening efforts in response to the downturn.
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The belt-tightening and downsizing at Condé Nast seem out of kilter with its lavish image.
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Belt-tightening by consumers is also forcing companies to roll out discounts to keep up sales.
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For that, one will need an economic plan that goes well beyond simple budget belt-tightening.
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The International Monetary Fund, the other major lender, says that is undoable without further Greek belt-tightening.
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But it will take even more belt-tightening to put the country on a firm financial footing.
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David Wilson, who directs the World Bank's AIDS programme, has several ideas to cope with belt-tightening.
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To get the funds, Athens had to embark on sweeping structural reforms and unpopular belt-tightening measures.
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Schlettwein says the freeze was a prudent act of belt-tightening, not a move specifically targeting China.
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What they're saying: The latest episode of the Platts Capitol Crude podcast explores the industry's belt-tightening.
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Belt tightening was sold as a shared undertaking, an unpleasant yet unavoidable reckoning with dangerous budget deficits.
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Meanwhile, belt-tightening conservatives in the House are still hoping for more than $15 billion in cuts.
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Many Cubans were sick of the "Special Period", as the government termed the drastic economic belt-tightening.
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In fact, the $21.5,22016 base compensation for a FIFA Council seat represents a degree of belt-tightening.
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Because belt-tightening can be integrated into the funding, so that doesn't have to be the case whatsoever.
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For all his pre-election pledges to scrap the bailout, Tsipras has ended up imposing more belt-tightening.
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Seven months after he was elected, Tsipras was forced to cave into lenders' demands for more belt-tightening.
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The road to an IPO will require some financial belt-tightening, a role Chai would handle as CFO.
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Budget belt tightening will likely deepen the economic recession toward which the country now seems to be lurching.
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As part of belt-tightening measures demanded by Greece's creditors, the government cut his pension by 2000 percent.
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But he said Athens still wanted Schaeuble and the IMF to scale back demands for more belt-tightening.
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But seven months later he signed up to a third multi-billion euro bailout and more belt-tightening.
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Drastic fiscal and monetary belt-tightening might have restored its credibility abroad, but at great cost at home.
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Nyland said the worst of the belt-tightening was over and the industry could be turning a corner.
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That means Prime Minister Giuseppe Conte will not have to embark on politically unpalatable belt-tightening in 2019.
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Rossello openly challenged the board's authority to impose the belt-tightening measure on the bankrupt U.S. territory, however.
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The belt-tightening highlights the intense pressure facing fossil fuels from the rise of renewables like solar and wind.
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After years of belt-tightening, households are spending again, thanks to a strong housing-market recovery and rising wages.
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But the belt-tightening since 2011 has eroded the unusually large public-sector wage premium that had built up.
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If they're right, we could all be in for some belt-tightening in the not-so-far-off future.
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In response, Collins introduced what it called "lean electronics," its take on a belt-tightening philosophy popularized by Toyota.
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At Siemens, Ms. Davis said, the market weakness became evident in 2015, and the company began belt-tightening then.
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Belt-tightening is here to stay, said CRV general partner George Zachary, and any non-essential expenditures can wait.
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Fiscal belt tightening could be politically difficult for Macri after an outcry over his policy of cutting back utility subsidies.
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All of this price-cutting and belt-tightening doesn't indicate the U.S. economy as a whole is about to overheat.
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Organizers launched the inaugural CASE conference at a time when most of the national economy was in belt-tightening mode.
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In a recent e-mail that Musk sent to Tesla employees the CEO warned of more belt-tightening to come.
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College leaders are nobody's idea of efficiency experts, but public colleges and universities have in fact done some belt tightening.
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The ruling Democratic Party (PD) is anxious to avoid severe belt-tightening measures ahead of a national election next Spring.
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But campaign speeches had mostly steered clear of any belt-tightening measures that might be required to lower that debt.
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After a decade of government belt-tightening and austerity, the city is ranked the second-most unequal in the country.
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But regardless, he said, Proposition B presents "a potential fiscal nightmare" and "will lead to belt tightening across the city."
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These network changes are the latest in a series of belt-tightening moves outlined last fall that would include layoffs.
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The belt-tightening in response to the coronavirus outbreak is leading businesses to cut hundreds and sometimes thousands of employees.
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The faction within Syriza says it would prefer to "fall heroically" than yield to foreign demands for more belt-tightening.
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"It's been the joy of our lives," Deirdre said, when asked if all the belt tightening had been worth it.
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Republicans and Democrats see the unrest as a symptom of unease about years of belt-tightening after popular tax cuts.
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But belt-tightening measures imposed following the global financial crisis have eaten away at budgets for policing, hospitals and welfare.
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His positivity helped Republicans overcome the belt-tightening and political effects of the Fed's tight-money policies to tame inflation.
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Not having its own central bank, the government cannot lower interest rates to cushion the blow of budget belt-tightening.
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Severe belt-tightening will still be necessary if Greece is to have any hope of regaining credibility with international investors.
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In the company's most recent quarter, profit rose 67%, but that was due entirely to yet another round of belt-tightening.
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Perhaps a new CFO and some financial belt-tightening is necessary in order to get this new financing across the line?
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Many analysts say rising pressure to adopt belt-tightening measures could derail the alliance between the Socialists and their leftist allies.
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The cuts are part of an overall belt tightening at EPA that includes thousands of employee buyouts and ending numerous programs.
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He reversed course that summer and signed Greece's third bailout, ushering in a new round of budget cuts and belt-tightening.
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Creditors railed against the move, but the gloom that had gripped the nation through years of belt-tightening began to lift.
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Perhaps the pulled-in midsection is a reflection of international belt-tightening, as more and more nations adopt grim austerity measures.
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But his agreement to a third international bailout with more austerity measures attached, after years of belt-tightening, have eroded support.
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Some opposition politicians and activists have voiced concerns that the deal being drawn up in Washington will require painful fiscal belt tightening.
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Falling profits at Chile's copper mines because of lower prices of the metal have caused belt-tightening that makes labor negotiations trickier.
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Temer is struggling to restore fiscal discipline and revive Latin America's largest economy, and his unpopular belt-tightening measure face increasing resistance.
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UILCA, another trade union, said it would not stand by and accept a new belt-tightening business plan without being properly consulted.
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Signs of belt-tightening were particularly clear in the textiles and clothing sectors, where a real fall of 9.6 percent was recorded.
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For one thing, amid fiscal belt tightening since the financial crisis, the pace of new municipal bonds hitting the market has declined.
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All told, Cohen estimates that the company will make it through the next 12 months, and possibly longer with additional belt-tightening.
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The firm has had its ups and downs, though, with belt-tightening, including layoffs in the early 2000s, but it bounced back.
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Russia is also used to belt-tightening during difficult times and has sharply cut back on issuing dollar debt after the Ukraine crisis.
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Falling profits at Chile's copper mines because of lower prices of the metal have caused belt-tightening that makes labor negotiations more difficult.
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Home heating subsidy cuts and other fiscal belt tightening have started taking a political toll, even as the economy climbs out of recession.
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In the first three months of the year, profit rose 67%, but that was due entirely to yet another round of belt-tightening.
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It later signed up to a new bailout and agreed to more belt-tightening, though it has pledged to protect people's primary homes.
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Their belt-tightening efforts have captivated investors, though Brazil's roughly $2 trillion economy has yet to rebound from its deepest recession in decades.
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Profit rose 67% in the first three months of the year, but that was due entirely to yet another round of belt-tightening.
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The increase in the 2017 deficit will not please the Commission, which Renzi says is too concerned with belt tightening and debt reduction.
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Still, following job cuts by Evernote and One King's Lane, there's a clear trend toward belt-tightening and financial discipline as 2016 begins.
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Profit rose 67% in the first three months of the year, but that was due entirely to the latest round of belt-tightening.
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But bankers said they did expect such belt-tightening to ease in the third quarter, as farmers prepare for the fall harvest season.
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Even in government, where belt-tightening by local, state and federal agencies trimmed payrolls coming out of the recession, employment is growing again.
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Furthermore, the Macri government does not seem to have the political support for such belt-tightening, especially ahead of next year's general election.
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It forces belt tightening of multiple departments, with the steepest percentage point reductions coming from areas most marred by inefficiency, excess and cronyism.
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The cost-cutting appears to be part of belt-tightening ahead of a planned new injection of funding, TechCrunch has come to learn.
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What belt tightening there has been has not been nearly adequate to balance college budgets in the face of this tremendous revenue decline.
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Close to home, San Francisco-based organic food delivery startup Good Eggs went through a change in leadership, layoffs and general belt-tightening.
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The budget also reflected the need for belt-tightening in Venezuela, where the economy is expected to contract by 10 percent this year.
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It seems that some belt tightening is afoot, something that we'll need to keep an eye on as the 2020 IPO cycle begins.
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Additionally, the Conservatives plan to end the painful belt tightening they implemented following the global financial crisis and start spending on investment projects.
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But while Brazilians fume over the issue at a time of national belt-tightening, some officials say they are entitled to special treatment.
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"Investors for years have asked if 3G's extreme belt-tightening model ultimately would result in brand equity erosion," JPMorgan analyst Ken Goldman said.
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Nowhere more so than in 2008, when, post–Crisis, he abandoned the cozy cross–party consensus on matching spending to argue for belt–tightening.
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Renzi faces a referendum on constitutional reform in December that will decide his political future and is anxious to avoid any unpopular belt tightening.
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They restricted lending to over-indebted firms and embarked on a bout of fiscal belt-tightening that would make even the prudent Germans blush.
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But bankers there said they did expect such belt-tightening to ease in the third quarter, as farmers prepare for the fall harvest season.
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In recent months, Mr. Khosrowshahi has launched into a belt-tightening operation to cater to company investors' appetite for a clearer path to profitability.
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With municipal elections in October, lawmakers are weary of unpopular belt-tightening proposals and want assurances education and health budgets will not be cut.
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He is banking that they will accept the need for belt-tightening reform and that the economy will respond well by later next year.
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That may be difficult in the wake of the previous Liberal government's belt-tightening and as a projected slowdown in economic growth crimps revenue.
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Among other belt-tightening moves, the bailout package is expected to lead to cuts in fuel subsidies, putting more burdens on a struggling population.
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Leftists in power from 2012-2015 reversed much of the belt-tightening by cutting taxes and raising the minimum wage and public-sector pay.
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They argue the industry has already done its fair share of belt-tightening, as commodity prices plummeted to the lowest levels in a decade.
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Greece's recent, very unfortunate experience with excessive budget belt-tightening within a Euro straitjacket would seem to offer a cautionary tale for Puerto Rico.
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By negatively impacting tax revenue collections, an economic recession would cause the budget deficit to widen, which would necessitate yet more budget belt tightening.
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With a bit of belt-tightening — and if they dip into their savings — they'll make it seven-to-eight months without him getting paid.
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These include Britain's biggest carmaker Jaguar Land Rover (JLR), which is belt-tightening, and U.S. manufacturer Ford, which is making cuts to its European operations.
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The belt-tightening won't come as much of a surprise to those following the action camera maker's moves into drones over the past several years.
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Shanghai-based Orient Securities, which reported a 26.8768 percent drop in 2016 profit, has already signaled its belt-tightening, two executives at the brokerage said.
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Aside from the boardroom belt-tightening, a reduction in planes bought has also been put down to a preference for larger and more expensive jets.
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They also expressed doubts about the company's ability to keep step with an increasingly competitive, complex and risky industry at a time of belt-tightening.
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Rossello, who favors U.S. statehood for the island, believes it should try to limit such cuts while imposing belt-tightening measures like consolidating public agencies.
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In 2018 it raised its already-gargantuan defence budget for the first time in seven years, ending an era of belt-tightening imposed by Congress.
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Consumer price increases have been fueled by a weakening Argentine peso and the government's fiscal belt-tightening effort, which includes cuts to public utility subsidies.
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Like its global peers, CNOOC responded to the oil price collapse from mid-2014 with three years of belt-tightening, before raising capex last year.
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The bank is only halfway through a previously announced $4.8 billion cost-cutting plan, and further belt tightening could hurt its businesses, according to analysts.
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But as long as the country's belt-tightening disproportionately squeezes the worse-off, there will be a hole in the prime minister's "one nation" rhetoric.
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While profits are still close to historically high levels, the fall comes on top of food safety scandals and belt-tightening as economic growth stalls.
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He helped spearhead a belt-tightening program at Codelco that allowed it to maintain productivity despite a 9 percent drop in ore grades since 2013.
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Since Uber went public in May, Mr. Khosrowshahi has embarked on a belt-tightening campaign, laying off more than 1,000 workers and cutting other costs.
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Protesters are angry about the belt-tightening policies, which are cutting services to low-income Argentines already walloped by inflation of 20193 percent and climbing.
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But today Adel and Marwa Jaafri are struggling financially as the country's economy sputters, its currency falters and the government imposes fresh belt-tightening measures.
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While oil prices have risen above $60 a barrel, service companies still struggle because of the belt-tightening measures our customers have put on rates.
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He also seemed to put academics, including the humanities, as a top priority, avoiding cuts by belt-tightening in other ways, such as hiring freezes.
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To begin with, Hammond might have to abandon the belt-tightening that was a key aspect of his predecessor George Osborne's stint at 11 Downing Street.
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This sort of belt-tightening could hurt Macri with his middle class voters, even if some said it didn't necessarily mean they would vote for Fernandez.
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The shortfall, which according to three of the people amounts to about $20 million, has been enough to spark some end-of-the-year belt-tightening.
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However, the combined package of belt-tightening measures has prompted anger from opposition parties, which say the government hesitated too long before turning to the fund.
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Athens hopes parliamentary approval will help convince other EU member states that Greece has made enough progress and does not need to implement further belt-tightening.
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Congressmen, never exactly keen on spending cuts and tax rises, may resist the necessary belt-tightening, especially in the run-up to October's important local elections.
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The government announced earlier this month it would institute fiscal belt-tightening measures, including a tax on the country's primary exports like corn, wheat, and soy.
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The era of belt-tightening has reduced the country's huge deficits but also slashed its economy by 25 percent and left one in four Greeks unemployed.
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"To recoup this will require additional belt tightening by the central government as it has already front-loaded some of its spending," the Nomura analysts said.
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The higher sales came despite continued belt-tightening by farmers amid slumping commodity prices and a global oversupply of grain following four years of bumper crops.
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Second, in much the same way Greece engaged in drastic budget belt-tightening without structural economic reform, Puerto Rico now seems to be doing the same.
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One analyst on Thursday pressed Mr. Hees on whether Kraft's belt-tightening had gone too far and was now damaging some of its most prominent brands.
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Despite a belt-tightening campaign, Uber posted a $1.2 billion loss and said revenue increased 30 percent annually to $3.8 billion in its most recent quarter.
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The belt-tightening could spark protests in Africa's fourth- largest oil producer, which has seen output decline to around 220,000 barrels per day as its fields mature.
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He has cut popular electricity and heating gas subsidies while implementing other belt-tightening measures, policies that are routinely protested in the streets of capital Buenos Aires.
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Media-watchers argue that the fame of the Time brand should enable it to survive, but thus far it has done so by way of belt-tightening.
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The belt-tightening - which also includes cutting back on printing and fluorescent light bulbs - aims to buy Hyundai time to prepare new models and a design revamp.
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That belt-tightening by businesses on investment in new equipment and buildings could be a sign of a deeper slowdown ahead, according to economists at Credit Suisse.
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But belt-tightening by businesses on investment in new equipment and buildings could be a sign of a deeper slowdown ahead, according to economists at Credit Suisse.
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Combine this staggering level of disregard with Mulvaney's belt-tightening approach to federal spending, and the prospects for government-funded science research appear dimmer by the day.
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When it comes to the one-off purchases—music downloads, movie rentals, and so on—all the old-fashioned belt-tightening methods can be put into practice.
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Mr Turnbull will be wary of too much belt-tightening: Bill Shorten, the Labor opposition leader, won votes by promising to champion Australia's public health-insurance system.
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Employee frustration over the belt-tightening has been compounded by Uber's declining stock price, which is about 30 percent below the company's $45 initial public offering price.
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It has taken the position that there is a limit to how much further budget belt-tightening a battered Greek economy can reasonably be expected to undertake.
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This achievement becomes more significant when you consider that it happened in the middle of an economic recession and a period of severe public sector belt-tightening.
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Major gold miners are racing to explore, expand and construct new mines as years of belt tightening have left them with diminishing reserves at their existing mines.
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Observing an annual belt tightening — sometimes called "frugal February," when people avoid restaurant meals or other splurges — can help you get back on track, Mr. O'Brien said.
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The seeds and agrochemicals industry has been jolted by several large deals in the past year as low crop prices and belt-tightening by farmers pressured earnings.
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Teachers from across the country, one of the groups hardest hit by Macri's fiscal belt tightening, thronged the capital Buenos Aires to march against the budget cuts.
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Ken Goldman, an analyst at JPMorgan Chase, asked Kraft's chief executive on Thursday night during an investor call whether the company's belt-tightening had damaged its brands.
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Although austerity has been losing favor as a cure-all for Europe's economic ills, a renewed financial crisis in Greece last year kept a focus on belt-tightening.
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Unveiled in December, the kingdom's new budget of $250bn is its largest ever, a further reversal of a belt-tightening scheme imposed after oil prices crashed in 23.7.
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Holding a fragile parliamentary majority, Prime Minister Alexis Tsipras hopes a debt restructuring will convince Greeks that their sacrifices are paying off after six years of belt-tightening.
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While Brexit uncertainty continued to prompt belt tightening and a delay in decision-making, some companies pushed resources into their brands in the first quarter, the report showed.
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The belt-tightening, which includes a freeze on capital projects, comes as independent refiners feel the pinch of the high cost of meeting the government's renewable fuel standards.
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The Greek government hopes that easing its debt burden can bring back investors and convince Greeks that their sacrifices are paying off after seven years of belt-tightening.
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The sour mood has threatened Trump's electoral prospects, since 70% of the economy is powered by consumer spending and any belt-tightening could actually accelerate a recession's arrival.
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Their focus, too, appeared to be less the labor law and more the future belt-tightening that Mr. Macron has promised, as well as his style of governing.
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A Christmas crunch has heaped more pain on British retailers, as changing habits and belt-tightening exposed the industry's struggle for growth and its slim margin for error.
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The abrupt departure of Medvedev's government also allows Putin to show he is responding to public discontent after years of belt-tightening and an unpopular pension age hike.
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But eventually, as federal belt-tightening became an issue, Nixon supported a budget that included canceling the final three Apollo missions in favor of developing the space shuttle.
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In the absence of Mr. Kimmel, and amid the general belt-tightening at WeWork, design watchers will have to wait and see if the sophisticated new look survives.
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Netcare said in November it would restructure its British operations, after reporting a drop in annual profit due in part to belt-tightening by Britain's publicly funded healthcare system.
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Fiscal constraints demand belt-tightening, and shrinking a bloated road system leads to benefits for a diversity of fish and wildlife, as well as enhanced opportunities for public recreation.
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There was no grand pronunciation of a Process, and no grim-faced proclamations of austerity and belt-tightening for the bad years until the promising young wage-slaves arrived.
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Worn down by years of belt-tightening and angered by high-level corruption cases, Spaniards turned away from traditional forces and backed newer parties such as Podemos in December.
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"We took almost no loans," said Walker, who credits living in a small town with low living expenses plus a lot of belt tightening, for pulling off the feat.
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In the near term, the European Commission will request extra belt-tightening and Italy's sovereign debt rating will be downgraded before the end of this month, the bank warned.
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To help reach that forecast, it said was targeting 300 million euros ($326 million) of cost savings and other belt-tightening measures to cope with the 737 MAX outage.
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It has since dropped almost by half, Mr. Burney said, with migrants seeking visas squeezed by concerns about terrorism in Europe and economic belt-tightening in the Persian Gulf.
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UK Finance members like RBS and Lloyds had to be bailed out by taxpayers during the financial crisis that ushered in years of belt-tightening for millions of Britons.
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Morgan Stanley likes the company's prospects for EPS growth, thanks to its direct-to-consumer sales model and tighter cost controls amidst this upcoming era of budget belt-tightening.
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Greeks will be paying for a long time yet, however: A third of the country's population is in poverty, and the government has promised years of fiscal belt-tightening.
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Mr. Campbell played down the severity of the restructuring, saying that such belt-tightening was cyclical — the museum has been through it before, including layoffs, most recently in 2009.
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Fiscal belt-tightening items included in the budget bill will not be easy for Macri to implement ahead of his expected re-election bid, with inflation also pressuring wages.
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The 43-year old leader, whose Syriza party is sagging in opinion polls, was catapulted to power in 2015 promising to end the belt-tightening and tear up the bailouts.
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Former President Luiz Inácio Lula da Silva, who many fear would turn his back on such belt-tightening measures, has been leading voting polls against a plethora of other candidates.
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Greece has needed three multi-billion bailouts since 2010 and additional belt-tightening is a contentious issue for Tsipras's leftist-led government, which now trails its conservative opponents in polls.
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Rome is targeting the deficit at 2.04 percent of gross domestic product, but with economic growth slowing many analysts expect a higher figure unless new belt tightening measures are adopted.
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The industry has seen belt-tightening measures at Parrot SA, a changing of the guard at Kespry and a dispersion of the Google Titan team at Alphabet this week alone.
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"NO BELT-TIGHTENING" Official history has not disclosed Kim's birthplace, but many people from Wonsan believe he was born there, partly because he spent his early years at the palace.
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But no amount of warning has stopped each successive recent president from finding a way to add their own spending projects, but never enough belt-tightening to offset new spending.
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Alphabet's Nest subsidiary has been in the news recently for all the wrong reasons, whether for unpleasant management styles, uncomfortable financial belt-tightening or a failure to hit annual targets.
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Analysts see CA Technologies as a way for Broadcom to acquire a highly profitable mainframe business that would broaden its portfolio, and apply its belt-tightening formula to raise profits.
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In this time of industry-wide belt-tightening, the curtains seem to be drawing on the age of the celebrity editor, who commanded seven-figure salaries and generous expense accounts.
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Belt tightening in the face of an economic downturn made the recession last through 2016 and limited the recovery in 2017, when economic growth rebounded weakly to just 1.5 percent.
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Since then, he has introduced a series of belt-tightening measures in exchange for loans, but has always insisted that his ultimate aim is to lighten the burden on Greeks.
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It was spun as a decision to focus on the core property, but widely interpreted as a sign that the business needed meaningful belt-tightening in the age of digital.
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During the 2008-2009 financial crisis, they took a hard look at what retirement might look like if they remained in the U.S. Staying would have meant severe belt-tightening.
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Having just emerged from five years of belt-tightening when metal prices were weak, mining companies want to ensure that the benefits gained from that painful exercise are not lost.
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That came only after Mr. Tsipras reluctantly pushed a new round of belt-tightening measures through Parliament, including fresh pension cuts and tax increases that sent protesters into the streets.
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The belt-tightening was a matter of necessity as Brazil is grappling with its worst-ever recession and a fiscal crisis brought on by soaring expenses and plummeting tax revenues.
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"NO BELT-TIGHTENING" Official history has not disclosed Kim's birthplace, but many people from Wonsan believe he was born there, partly because he spent his early years at the palace.
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However, despite frequently referring to transformation and revolution, Macron has taken a cautious approach on belt-tightening measures, with very few details given so far on where the axe will fall.
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The looser 2020 target highlights the challenges facing President Michel Temer's administration, whose approval rates have held at single digits, in implementing unpopular belt-tightening measures and curb mounting government debt.
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President Mauricio Macri's government has introduced fiscal belt-tightening by increasing taxes and rolling back subsidies on public utilities, moves that have faced push back from unions and political opposition groups.
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These belt-tightening moves come on the heels of reports that Alphabet is planning on turning to wireless technology rather than fiber optic cables in order to reduce costs and time.
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HAVANA (Reuters) - Cuba's economy grew less than expected in the first half of 2018 and an ongoing liquidity crisis will force fresh belt tightening, President Miguel Diaz-Canel said on Sunday.
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Mr Osborne took this as an opportunity to cancel a number of proposed belt-tightening measures, including a much-disliked cut to tax credits (wage top-ups for low-paid workers).
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But President Erdogan has no desire to ask the IMF for funding, knowing full well that the IMF would require significant belt tightening, central bank independence and much higher interest rates.
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After some belt-tightening during the financial crisis, it has a receptive audience in Congress and the White House as it pushes for more money to improve readiness and modernize weapons.
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Both Republicans and Democrats in these strongly conservative states see the unrest around education as symptomatic of broader unease about years of budgetary belt-tightening that have followed popular tax cuts.
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Additionally, over the next 20 years, Guernsey will have its largest ever population of older adults, just as a decade of government belt-tightening means that resources are more stretched than ever.
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Bail-outs and belt-tightening were the prescribed solution for governments hit by sudden capital stops, which annoyed everyone: creditors resented opening their wallets; debtors contracted an acute case of austerity fatigue.
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It complains Rome did not cut its public debt in 2018 as promised, and sees it continuing to rise this year and next unless the anti-austerity government adopts belt-tightening measures.
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Athens, which aims to tap markets in 2017, hopes that substantial debt relief will help attract investors and convince Greeks that their sacrifices are paying off after seven years of belt-tightening.
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The protests pointed to growing social unrest with Temer's belt-tightening drive as the economy flounders in its worst recession since the 1930s, which has left 12 million people out of work.
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The US military was operating under continuing resolutions and undergoing a "belt tightening exercise," Shanahan said Thursday, adding that, due to constrained resources, Mattis was concerned about having additional overhead and bureaucracy.
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This pandemic strikes at a particularly bad time for Cuba: The island is confronting the worst economic crisis in years and has been warning Cubans that further belt tightening is in store.
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But most Egyptians view his rule as a time of painful belt-tightening, with soaring inflation, a currency crash and cuts to subsidies that have made fuel, electricity and water more expensive.
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But belt-tightening governments across Europe and North America are phasing out subsidies and tax incentives that had helped the industry grow, squeezing companies like Vestas and Siemens Gamesa in the process.
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As belt-tightening becomes more common among big tech companies and startups alike, those that depend on recurring revenue might have to revise financial projections to help better manage their investors' expectations.
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The cuts would be notable by themselves, but given how many other reductions have recently been announced, they indicate that a rolling round of belt-tightening amongst well-funded private companies continues.
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Political and economic uncertainty caused by a drawn-out Brexit negotiation process has dampened both business and consumer confidence, driving belt-tightening and restricting resources available to marketing executives, the survey showed.
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"In 2012, Kim promised that there would be no more belt tightening, so for him to call on the country to prepare for exactly that sends a very clear message," Abrahamian said.
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The government had been preparing the ground for belt-tightening, but the budget released on Tuesday for the fiscal year to June 236.8 underlined the scale of the economic challenges it faces.
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There is a very real chance that if they expand too quickly, they'll overextend, leading to belt tightening and the same sort of death spiral which has befallen so many other promotions.
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Another, even more simple answer is that I just kind of wanted this and have never had a game so perfectly live the fantasy of the belt-tightening, mech-piloting mercenary captain.
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The seeds and agrochemicals industry, long dominated by six large companies, has been jolted by several large deals in the past year as low crop prices and belt-tightening by farmers pressured earnings.
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Tsipras, who took power in January 2015, rejected belt-tightening in public finances requested by lenders in exchange for emergency loans and reversed some of the reforms introduced by the previous Greek governments.
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In recent months, the company has been confronted with an especially difficult period as Mr. Khosrowshahi began a belt-tightening operation to cater to company investors' appetite for a clearer path to profitability.
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It would also seem unlikely so long as Turkish President Erdogan continues to rant against interest rate hikes and against the need for much-needed budget belt-tightening to help stabilize the currency.
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"My wife, Sue, and I have been fairly frugal all our lives, making sure we saved up, so we did a little belt tightening, but there were no loans, thank goodness," he said.
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The recession of 2008 forced Mr. Ghosn to institute wide-ranging belt-tightening across the company, including new parts orders and factory overtime, and even the activities of the corporate-sponsored baseball team.
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According to the Estado de S.Paulo newspaper, the flight cost Brazilian taxpayers 740,000 reais ($177,000), not welcome news for a government that says it is committed to fiscal belt-tightening and fighting corruption.
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Macri promised on Monday to intensify fiscal belt tightening by reducing the number of government ministries by half and taxing exporters, who get paid in dollars and have benefited from the peso's decline.
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Regulators want to avoid a repeat of the 2007-09 financial crisis when Britain had to bail out banks such as Royal Bank of Scotland, angering the public at a time of belt-tightening.
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One source said the resignations of Mattiacci and Sommer could be seen as a round of belt-tightening by FF prior to the debut of its first production model at CES in two weeks.
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Thousands marched against President Mauricio Macri and the IMF in Buenos Aires on Thursday, a reminder of the political hurdles Macri will face in implementing new belt-tightening measures aimed at securing IMF funds.
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In his damages complaint, shareholder Steve Walling accused Kraft Heinz, Chief Executive Bernardo Hees, 3G and others of concealing damage to Kraft Heinz's iconic brands and internal controls, including from 3G's signature belt-tightening.
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TORONTO/VANCOUVER (Reuters) - After five years of painful belt-tightening, the world's biggest gold miners are starting to cautiously loosen their purse strings and spend more money to find new deposits and build mines.
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VW plans to scrap bonus payments for members of its supervisory board, it said on Thursday, the latest sign of belt-tightening as the German carmaker grapples with the cost of its emissions scandal.
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Italian Prime Minister Matteo Renzi announced his 2017 budget plan on Saturday, hoping to persuade the European Commission to approve its minimal reduction in the budget deficit next year while avoiding unpopular belt-tightening.
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Any issue that raises the possibility of tax evasion or avoidance is also particularly sensitive in Argentina in the context of the kind of belt-tightening economic reforms the new president wants to introduce.
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Before and during the campaign season, Trump regularly criticized Obama for costing the American taxpayer money every time he took a trip, and Trump the candidate repeatedly called for belt-tightening across government agencies.
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Protesters burned makeshift American flags and chanted against free trade orthodoxy and Trump's support of Argentina's cash-strapped President Mauricio Macri, whose fiscal belt-tightening has garnered a backlash from the country's working-class.
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While the Irish are eager for the jobs offered by international companies, years of belt-tightening are highlighting the yawning inequalities of policies that allow the world's richest companies to sidestep billions in taxes.
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Difficult trading conditions and belt-tightening by the NHS has also forced Netcare, which has been in Britain for a decade through a controlling stake in BMI Healthcare, to exit operations in the country.
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Those maneuvers will be exhausted roughly six months later, but President-elect Trump has shown little interest in the magnitude of belt-tightening that was demanded of Obama in exchange for a ceiling hike.
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And these days, amid industry-wide belt-tightening, "down rounds" and a still-moribund (though hopefully improving) IPO market, many venture-backed CEOs are baring it all — or should be — to their board members.
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The legislation passed with 154 votes in the 300-seat Parliament, overcoming objections by lawmakers reluctant to impose yet more hardship on a nation struggling to return to growth after years of belt-tightening.
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But now, he told his compatriots, belt-tightening and budget-cutting would be the order of the day, with the hope that a united Europe with a common currency would eventually bring renewed prosperity.
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Some, including the lead economist advising the parliament-appointed National Budget Council, are not so sure, and worry that Babis may undo the gains from years of belt-tightening when he was finance minister.
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In a departure from the belt-tightening after the 2008 financial crisis, New Mexico also gave raises to public-school teachers and the faculty and staff of the University of New Mexico this year.
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Others facing belt-tightening measures are state governments, Congress and the courts, with which Lopez Obrador has been at odds since the Supreme Court this month froze a law mandating public sector pay reductions.
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Kraft Heinz's belt-tightening resulted in more than $1.7 billion in annual savings, including the loss of thousands of jobs, mirroring 3G's similar efforts at such companies as Anheuser-Busch InBev and Tim Hortons.
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"The intention is obviously to try to respect" EU requests for new belt-tightening measures, but "there could be some slight deviation," he said, due to the fact that the economy is now slowing down.
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Greece is expected to implement a number of belt-tightening reforms agreed with euro zone creditors by the end of the year, before it can exit the bailout program, the third since 2010, in August.
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The IMF, still undecided on whether to participate in what would be Greece's third rescue package, says Athens cannot meet its targets unless it is granted further debt relief and adopts extra belt-tightening measures.
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Markets are wary of more political instability in Italy, which has the euro zone's highest public debt after Greece, and fear an autumn election could interfere with the presentation of a belt-tightening 2018 budget.
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This disagreement relates to how much further budget belt-tightening Greece should undertake and how much debt relief Greece's European partners should grant it if the IMF is to participate in future Greek rescue packages.
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Since he took office on January 1, Ibama's budget has shrunk by 25% as part of government-wide belt tightening, according to internal government data collected by the opposition PSOL party and shared with Reuters.
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Last week, the peso hit a then-all-time low of 23 per greenback, prompting the government to announce additional belt tightening and the central bank to hike its key interest rate to 40 percent.
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Reminiscent of the IMF's mishandling of the Greek sovereign debt crisis, the Oversight Board is condemning the island to a multi-year prolongation of its economic slump by requiring of it draconian budget belt- tightening.
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""I would certainly rather the industry not go broke, but if that's what it takes for everyone to acquire some values and lose the sense of entitlement, maybe a little belt-tightening wouldn't be so tragic.
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The government unveiled its first federal budget under the government of new Prime Minister Imran Khan on Wednesday aimed at meeting the terms of the IMF loan, and included a number of expected belt-tightening policies.
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With just some minor belt-tightening, you can grow your money and spend it on more important goals such as buying a house, early retirement, protecting your family or even having the wedding of your dreams.
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The weaker growth outlook will hurt public finances, lowering tax revenues and raising the deficit as a proportion of GDP, yet the sources said the government had no intention of adopting belt-tightening measures this year.
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VW CEO Matthias Müller has said that there'd be a lot of belt-tightening in the wake of Dieselgate, and making a low-volume exotic version of the Golf doesn't make a ton of financial sense.
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One senior-level holding company executive said that, in addition to health concerns, agencies and advertisers won't want to be seen in the French Riviera after the belt-tightening that analysts foresee in the months ahead.
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The changes most likely had little or no deleterious effect on the dishes' flavor, texture or popularity but may have resulted in belt-tightening for some steady customers and possibly even saved a heart or two.
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The Commission, the EU's executive, complains Rome did not cut its public debt in 2018 as promised and sees it continuing to increase this year and next unless the anti-austerity government adopts belt-tightening measures.
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And then Condé Nast announced later in 2017 that, in a belt-tightening move, it would shut down various satellite Vogue editions — for brides, children, jewelry and men — over which Ms. Sozzani had long held sway.
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The decision suggests that the finance ministry, which has pushed for belt-tightening, is holding its own in a battle for influence with other parts of the Russian government that had been advocating continued high spending.
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To date, the Puerto Rican government and its oversight board have failed to come up with a comprehensive and coherent economic program to revitalize the island's economy beyond prescribing a multi-year, budget belt-tightening program.
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The 2020 budget, financed through a mix of belt-tightening and growth, would boost investment by 7.5% in efforts to beef up the country's health care system, improve public safety and fight the decade-long drought.
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The 2020 budget, financed through a mix of belt-tightening and growth, would boost investment by 7.5% in efforts to beef up the country's health care system, improve public safety and fight the decade-long drought.
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Tsipras reiterated that his government was seeking a "clean exit" from the bailout program, with no precautionary credit line or additional belt-tightening, but building its own cash buffer before resuming full reliance on market financing.
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Casey Finn, a blogger in Chicago, said she and her husband, Michael, had adopted the tradition of belt-tightening in February several years ago, when they were engaged and worried about paying for a honeymoon trip.
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Puerto Rico's federal oversight board defended furloughs for its public employees and cuts to their Christmas bonuses in court papers filed Monday as the broke U.S. territory has come under pressure to ease the belt-tightening efforts.
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Last week, the peso hit an all-time low of 23 per greenback, prompting the government to announce additional fiscal belt tightening and the central bank to hike its key interest rate to 40 percent on Friday.
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Last year, two prominent companies, SunEdison and NRG, alarmed investors with ambitious forays into the rooftop solar business, leading to reorganization, belt-tightening and, in the case of NRG, the departure of its chief executive, David Crane.
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BRASILIA (Reuters) - Brazil's lower house of Congress on Tuesday approved the main text of a bill granting debt relief to cash-strapped states that adopt belt-tightening measures, in a victory for President Michel Temer's austerity program.
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He's now in charge of a volatile coalition—with Paul Ryan's belt-tightening budget at odds with Stephen Bannon's desire for a new populist economics, and Mike Pence's social conservatism at loggerheads with Trump's own personal libertinism.
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As he prepares to embark on months of likely arduous talks to restructure debt, Rossello seems willing to work with creditors, promising to pay as much debt as resources allow after belt-tightening measures like government consolidation.
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The forecasts will set the framework for the 2017 budget and Prime Minister Matteo Renzi is anxious to avoid unpopular belt-tightening measures ahead of a December referendum on constitutional reform that could decide his political future.
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The new data, contained in three reports released by state budget analysts this week, raise concerns that states could face a new round of belt-tightening — and that another economic slowdown could be just around the corner.
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DUBAI (Reuters) - Bahrain's new parliament is expected to swiftly pass sensitive austerity measures needed to secure a Gulf aid package, but the U.S.-allied government may implement the belt-tightening in stages to avoid provoking public anger.
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Further darkening the island's economic outlook is the economic program of draconian budget belt-tightening that Governor Rossello has agreed to at the behest of the Financial Oversight Board that Congress imposed on the island last year.
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There has been no poll on voter intentions yet to show whether lack of support for the strike hurt these politicians, who back further fiscal belt-tightening that many voters oppose but investors would like to see.
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On Thursday, Twitter announced it was shutting down Vine and laying off its roughly 40 employees in cost-cutting efforts that have included eliminating about 9 percent of Twitter's total work force and other belt-tightening measures.
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LONDON/NEW YORK (Reuters) - Home to trillions of dollars of global wealth, mutual fund firms face an unfamiliar round of belt-tightening as changes in the way people invest and rising costs chip away at rich margins.
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Netcare has been in Britain for a decade via a controlling stake in BMI Healthcare but said in March it would exit the country because of difficult trading conditions and belt-tightening by Britain's National Health Service.
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The forecasts will set the framework for the 20173 budget and Prime Minister Matteo Renzi is anxious to avoid unpopular belt tightening measures ahead of a December referendum on constitutional reform that could decide his political future.
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ATHENS (Reuters) - Thousands of Greek workers went on strike on Wednesday to protest against years of belt-tightening and a new wave austerity measures that will kick in after the country's third international bailout expires this summer.
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Prime Minister Alexis Tsipras recently laid out a plan for growth, and is refusing the offer of a precautionary credit line, a financial safety net that would come with new austerity terms after years of belt-tightening.
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Prime Minister Alexis Tsipras has laid out a plan for growth, and is refusing the offer of a precautionary credit line, a financial safety net that would come with new austerity terms after years of belt-tightening.
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ATHENS, May 30 (Reuters) - Greek workers went on strike on Wednesday to protest against years of belt-tightening and a new wave austerity measures that will kick in after the country's third international bailout expires this summer.
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Behovits's business of selling mini sausages and toppings stuffed into a cone-shaped bun, called "kolbice", has grown exponentially in parallel as Hungarians have started spending again after severe belt-tightening following the 269 global financial crisis.
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But Italian Prime Minister Matteo Renzi is anxious to avoid unpopular belt tightening ahead of a December referendum on constitutional reform that could decide his political future, testing his popularity against the euro-sceptic Five Star movement.
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The win appeared driven by fatigue with years of European Union-enforced belt-tightening, combined with high unemployment, after the country almost crashed out of the euro zone at the height of its financial travails in 2015.
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Thousands of public school teachers and university professors marched against Macri's fiscal belt tightening plans in capital Buenos Aires on Thursday, saying that the administration was funding the army and police while letting education and welfare programs suffer.
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ROME, March 26 (Reuters) - Italy is preparing a package of measures to lift economic growth this year and avoid the need for belt tightening measures, political sources told Reuters, confirming a strategy which favors fiscal expansion over austerity.
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Shaikh, who joined the government last month following a shakeup of Pakistan's top economic policy makers, defended the IMF accord from opposition criticisms, saying the belt-tightening measures expected to be required were in the country's own interests.
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As long as increases in military spending are offset with cuts elsewhere for 2018 - keeping the deficit in check - Republican Representative Steve Pearce said he was willing to wait patiently for broader fiscal belt-tightening down the road.
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It is for this reason that the IMF is imploring Brazil's presidential hopefuls to be very responsible in what they say about the need for budget belt-tightening as well as about the urgent need for pension reform.
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With a landmark pension reform approved, Bolsonaro plans to accompany Economy Minister Paulo Guedes on a visit to Congress, hoping to defy the backlash against belt-tightening policies in Latin America and a crisis in his own party.
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Alckmin, a four-term governor of Sao Paulo, is seen by investors as the best choice to maintain belt-tightening policies to curb government spending and restore confidence in an economy struggling to recover from its worst recession.
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Tsipras came to power in 2015 promising to end austerity but was later forced to sign up to a new EU bailout, the country's third, in exchange for more belt-tightening to keep Greece in the euro zone.
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Now however, there are signs that the industry is gearing up for leaner times and the belt-tightening could sap demand for crude and potentially derail recent recovery in prices from 12-year lows plumbed early this year.
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As long as increases in military spending are offset with cuts elsewhere for 2018, keeping the deficit in check, Republican Representative Steve Pearce said he was willing to wait patiently for broader fiscal belt-tightening down the road.
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Rome has to adopt by the end of April new belt-tightening measures to boost revenues by at least 0.2 percent of its gross domestic product to avoid an EU disciplinary procedure for the country's increasing public debt.
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The rally, drawing around 140,000, according to police estimates, was larger even than most of the numerous demonstrations organized after Greece signed its first international bailout program in 2010, paving the way for years of painful belt-tightening.
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Whereas belt-tightening has led to a drop in officers south of the border, numbers in Scotland have remained stable, at just over 17,000—though many have been stuffed into back-office roles, replacing civilians who were sacked instead.
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BRUSSELS, Oct 31 (Reuters) - Italy's response to the European Commission's concerns regarding its 2017 draft budget assumptions has not been constructive, an EU official said on Monday, as Rome tries to avoid belt-tightening measures ahead of a Dec.
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But he was forced to accept a third bailout for the country in July and is struggling to conclude the bailout review and convince angry Greeks that after six years of belt-tightening the latest measures are worth it.
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Netcare has been in Britain for a decade through a controlling stake in BMI Healthcare but said in March that it would exit the UK because of difficult trading conditions and belt-tightening by the UK's National Health Service.
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The outsized spending on travel stands in stark relief to Trump's calls for belt tightening across the federal government and the fact that he regularly criticized Obama for costing the American taxpayer money every time he took a trip.
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MELBOURNE (Reuters) - As Australia's big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labor to fuel to equipment have begun to rise, driving up costs and eating into margins.
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"When [Mattis] made those comments a year ago, right, the timing is very important, because we were facing another [continuing resolution], we had budget caps ... and we were going through significant belt-tightening exercises," Shanahan told reporters on Friday.
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The IMF said Greece cannot maintain high primary surpluses unless it adopts more belt-tightening and is granted further debt relief by the EU. The fund is also seeking a relaxation to labor laws, including freeing up mass layoffs.
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And it's true that swaths of the market, in the lower reaches of the market-cap spectrum, have lost so much coverage from belt-tightening brokerage research departments that neglected, attractive stocks can be found and tracked from home.
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LUXEMBOURG (Reuters) - Italy intends to accept a request from the European Commission for additional belt-tightening measures to lower this year's budget deficit, but recent economic developments will also be taken into account, its economy minister said on Friday.
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Turnout in recent protests has been weak, mainly due to austerity fatigue and resignation after five years of belt-tightening and two bailouts that have shut businesses and pushed up unemployment but have not pulled Greece out of crisis.
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The budget also relies on belt-tightening steps that were revisited and increased after Lightfoot was unable to secure approval in the Illinois Legislature for a graduated real estate transfer tax that would have boosted revenue by $50 million.
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The budget also relies on belt-tightening steps that were revisited and increased after Lightfoot was unable to secure approval in the Illinois Legislature for a graduated real estate transfer tax that would have boosted revenue by $50 million.
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At the same time, Trump and congressional leaders also face a deadline from a 2011 fiscal belt-tightening law that would see all discretionary spending slashed by $126 billion or 10 percent, unless they agree to lift spending caps.
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U.S. President Donald Trump has backed plans to request $750 billion from Congress for defense spending next year, a U.S. official said on Sunday, signaling a Pentagon spending hike at a time of potential belt-tightening elsewhere in the government.
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Current CEO Nelson Pizarro and outgoing board Chair Oscar Landerretche, both appointed by Bachelet, together spearheaded a belt-tightening program at Codelco that has allowed the company to maintain productivity despite a 9 percent drop in ore grades since 2013.
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"Despite the latest labour market data showing historically-low unemployment and reasonably robust wage growth, weak confidence has acted to undermine these trends and led to belt-tightening at UK households," said Joe Hayes, an economist at survey compiler IHS Markit.
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"Some of it's going to come from Asia, most of it's going to come from Europe and there's bound to be a bit of belt-tightening or doing without," said Paulo Nery, head of EMEA oil with industry monitor Genscape.
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ROME, June 11 (Reuters) - Italy's coalition leaders agree on the need to avoid being rapped on the knuckles by the European Union over public finances but the government remains opposed to any belt-tightening measures, Prime Minister Giuseppe Conte said.
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The June 15 agreement was a relief for the Greek government which is sagging in opinion polls and wants to convince Greeks that, after seven years of belt-tightening, their sacrifices are paying off and the country can emerge from crisis.
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He hopes the conclusion of the review will send a positive signal to markets and lure back investors, while a debt restructuring may help convince the Greek people that their sacrifices are paying off after six years of belt-tightening.
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Volkswagen (VW) has pledged to pull funding from all non-essential projects and Chief Executive Matthias Mueller said in October it would examine the profit contribution of each of its over 310 models as part of the company's belt tightening.
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"Despite the latest labor market data showing historically-low unemployment and reasonably robust wage growth, weak confidence has acted to undermine these trends and led to belt-tightening at UK households," said Joe Hayes, an economist at survey compiler IHS Markit.
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Now, with U.S. output at all-time highs near 2800 million barrels per day, the industry is facing a new obstacle: how to keep growing output amid a wave of belt-tightening that is cutting billions of dollars from capital budgets.
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"The only way to reduce the debt created in the past is to cut taxes," said Deputy Prime Minister Matteo Salvini, leader of the right-wing League party, which calls EU fiscal rules obsolete and dismisses any need for belt-tightening.
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It would do so as it engaged in a long-run program of major budget belt-tightening within the constraints of a monetary union with the United States that denies the island its own interest rate or exchange rate policy.
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The European Union stepped up its efforts to curb tax avoidance, by companies as well as wealthy individuals, after the financial crisis, which forced many of its member states to adopt belt-tightening measures, slashing public services and raising taxes.
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The 21-year-old president has set oil producer Ecuador on a centrist path after years of leftist rule under Rafael Correa and is implementing a belt-tightening fiscal package to conform with a $22020 billion International Monetary Fund (IMF) deal.
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In a New Year&aposs Day message to the North Korean people, Kim warned that further economic "belt tightening" lay ahead, and he pledged to never relinquish his nuclear arsenal, long seen as a guarantor of the country&aposs power.
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While White House aides cast the cuts as "belt tightening" when they were announced, there is widespread concern within the EPA that the changes will dramatically alter the function of an agency that was created under Republican President Richard Nixon in 1970.
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PARIS (Reuters) - Plane giants are preparing to squeeze the last drop out of a once raging torrent of airplane orders without the razzmatazz of recent years, as the aerospace industry heads to a belt-tightening Paris Airshow looking for new sources of revenue.
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The belt-tightening in Saudi's budget signals the sovereign's intention to play a long-term game to keep oil prices low, forcing Iran to cut its own budget and help Riyadh maintain its regional dominance, according to Tim Ash, CEEMEA strategist at Nomura.
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But cutting those subsidies has put upward pressure on inflation by sharply increasing household electricity, heating gas and water bills, leaving Macri caught between voters tired of fiscal belt-tightening on one hand and investor pressure for spending cuts on the other.
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"BofAML's Global Economics team believe that after several years of government belt tightening, fiscal stances around the world have already become more supportive of growth and that the prospects for additional fiscal stimulus have improved in a number of countries," the report said.
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Tsipras, who faces elections in about a year's time, used a keynote policy speech in the northern city of Thessaloniki to announce a spending spree that he said would help fix the ills of years of belt-tightening, and help boost growth.
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NEW YORK/LONDON (Reuters) - Glencore has hired a senior banker from Morgan Stanley, two sources familiar with the matter told Reuters, as the mining giant looks at investments and acquisitions again after two years of belt tightening due to low commodities prices.
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The security team complains about how American belt-tightening has left them short of needed security measures and proper equipment, but they never indict specific authorities, including Secretary of State Hillary Clinton or President Obama, whose names are never mentioned within the film.
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The negotiations on next year's farm subsidies highlight the powerful agribusiness lobby's struggle to preserve benefits at a time when Economy Minister Paulo Guedes is pushing for belt-tightening efforts including cutting state-subsidized loans in favor of lending on the open market.
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WASHINGTON (Reuters) - U.S. President Donald Trump has backed plans to request $750 billion from Congress for defense spending next year, a U.S. official said on Sunday, signaling a Pentagon spending hike at a time of potential belt-tightening elsewhere in the government.
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Public anger remains high after seven years of belt-tightening in a crisis that has cut thousands of jobs and eroded living standards Protesters have repeatedly tried to block foreclosure auctions of home at courts, a key condition of Greece's international bailout.
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Under the policy, unions agreed to belt-tightening measures in harsh economic times as long as employees were allowed to share in the profits when things went well, which they did, for almost a decade — a remarkable stretch of prosperity for the Netherlands.
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Destitute families did whatever it took to send their offspring, especially their sons, to school, considering education the best ticket for their children to escape lives of backbreaking work and poverty in the belt-tightening years following the Korean War's end in 1953.
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More than 25,000 protesters, many of them angered by years of cutbacks and belt-tightening, were expected to march on Saturday through central Rome, where security is expected to be doubly tight in light of the deadly attack in central London on Wednesday.
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Temer called on the Congress to focus on passing fiscal belt-tightening measures he has proposed to cut spending and reduce a widening budget deficit so that the country can return to growth and emerge from its worst recession since the 1930s.
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Ali Vaez, the Iran project director for the International Crisis Group, said it was possible that hard-line opponents of Mr. Rouhani were behind the protests in Mashhad, capitalizing on anger about the economic belt-tightening and about rising food and gasoline prices.
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Pakistan's telecoms sector has grown rapidly over the past decade but the market is hyper-competitive and mobile operators fear a tougher period ahead amid a slumping economy and rising inflation that is expected to lead to belt tightening by the country's 208 million people.
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Prime Minister Alexis Tsipras, elected last year promising to end austerity but then forced to accept a third bailout in July, is struggling to conclude a bailout review with lenders and convince angry Greeks that after six years of belt-tightening were worth it.
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The scheme would nevertheless shield some "very sensitive areas" from spending cuts and would leave a window of three to four months for Greece to assess the impact of the extra belt-tightening and come up with alternative measures that achieved the "same result".
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BRASILIA (Reuters) - Brazil's Supreme Court on Monday removed Senator Renan Calheiros as president of the Senate after the top court indicted him last week on charges of embezzlement, a court spokesman said, a move that could put the government's belt-tightening agenda in peril.
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Speaking to reporters after the IMF statement was issued, Treasury Minister Nicolas Dujovne said the government would reduce the size of its financing program, but did not provide specifics UNION TO PROTEST BELT-TIGHTENING If Macri was trying to calm investors, it did not work.
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The extent of the rationing, which is expected to take effect in July and be announced next week at a session of the National Assembly, is expected to depend on the sector but there are signs some of the belt-tightening could be quite sharp.
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But the real elephant in the room is not the enormous cost expenditures of transition or the ultimate belt-tightening/procedure-tightening cost savings, but the fact that Medicare for all would completely upend the current system, which is actually, to a large extent, working.
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Speaking to reporters after the IMF statement was issued, Treasury Minister Nicolas Dujovne said the government would reduce the size of its financing program, but did not provide specifics UNION TO PROTEST BELT-TIGHTENING If Macri was trying to calm investors, it did not work.
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Trump did so knowing that he would be here to take credit for any boom — and be long gone when we have to do the belt-tightening necessary so that interest on the debt doesn't devour all nondefense spending and lead to a bust.
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Safran said in February that to reach its annual forecasts it was targeting 300 million euros of cost savings and other belt-tightening measures to cope with the 737 MAX outage and the impact of the coronavirus at that time on its Chinese plants.
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However, with representatives of Greece's foreign creditors expected in Athens this week for talks on economic overhauls, the prime minister is also likely to face continued pressure for economic belt-tightening as Greece continues to feel the effects of a decade-long debt crisis.
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That money is, of course, on top of a base salary from their main written-word employer — meaning that some political reporters are raking in low-to-mid six figures per year in an industry that has for years experienced widespread buyouts, layoffs, and belt-tightening.
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The IMF is also pushing Greece's European partners to provide Greece with sufficient debt reduction to allow the country to be less draconian than it would otherwise need to be in terms of the additional budget belt-tightening required to allow Greece to service its debt.
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Demonstrations were held in Athens and in other major cities, including Thessaloniki, Patras and Iraklio, against the new round of belt-tightening, which calls for pension cuts starting in 2019 and tax increases beginning in 2020 that together would save about 5 billion euros, or $5.5 billion.
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The government has ruled out any belt-tightening, but has said it can cut this year's deficit forecast thanks partly to the fact that two flagship budget measures - an early retirement option and a universal income for the poor - proved less popular, and therefore less costly, than expected.
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While the approach taken by NewAir and others in the sector requires significant investment, it underscores how the year-long U.S.-China trade war is forcing some companies to adopt novel workarounds as they fight for long-term survival and bump up against the limitations of belt-tightening.
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Governor Ricardo Rossello and Puerto Rico's legislature filed lawsuits in July claiming the board, which was created by the U.S. Congress under the so-called PROMESA Act in 2016, overstepped its power by imposing a belt-tightening fiscal plan and budget on the government that require public policy actions.
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But as a non-economist staring at Congressional Budget Office projections and at examples of fiscal crisis from Greece to California, it seemed reasonable to make deficit cutting a near-term priority from 2010 onward, to offset the surge of Great Recession spending with a period of belt-tightening.
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The end of Glamour as a regular print publication is part of a general belt-tightening at Condé Nast, a company that was known for its lavish offices and generous pay packages back when its publications were so stuffed with ads that readers had trouble finding the articles.
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The overhaul, which triggered a change in government, also cemented Putin's control of the transition process and was seen by some as an attempt to reduce intra-clan infighting between now and 2024, while allowing Putin to show he is responding to public discontent after years of belt-tightening.
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"Rising costs and the ongoing uncertainty that exists over the future direction of the UK economy in a post Brexit world have led to caution and belt-tightening across a number of sectors, especially those more exposed to retail and consumption," Paul Smith, Director at IHS Markit said.
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Even though shale drillers in the U.S. have been said to face obstacles on growing output amid a wave of belt-tightening that's cutting billions of dollars from budgets, and the number of operating oil rigs have declined this year, Brouillette said that production is not actually the biggest problem.
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But whether there is a creep toward too much belt-tightening in retirement is something financial experts like Tao Guo, an assistant professor of financial planning at William Paterson University and co-author of a 2016 Journal of Financial Planning article about spending in retirement, are beginning to worry about.
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HOBBS, N.M. — When Bennett J. Baur, New Mexico's chief public defender, took office in April, he set out to review the workload of every lawyer on his team, ahead of another year of belt-tightening in a state whose budget has been crippled by the slump in oil and gas prices.
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It was the second nationwide walkout since Tsipras took power in January 2015 on a pledge to end years of austerity, only to cave in under the threat of expulsion from the euro zone and sign up to new belt-tightening reforms under an EU-IMF bailout package worth up to 86 billion euros.
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To approve a budget, and the further belt-tightening required to meet the targets agreed with the European Commission for the fiscal deficit (to 3.1% of GDP next year, from a target of 4.6% this year), the prime minister will have to try and scrape up votes from Basque nationalists or rely on further Socialist abstentions.
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GM ramped up its belt-tightening measures last November with cuts to factory and white-collar workers, plant closures in North America and the elimination of several car models as it tries to transform into a nimble company focused on high-margin SUVs, crossovers and trucks, and investments in future products like electric and autonomous vehicles.
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In November, GM ramped up its belt-tightening measures with cuts to thousands of factory and white-collar workers, plant closures in North America and the elimination of several car models as it tries to transform into a nimble company focused on high-margin SUVs, crossovers and trucks, and investments in future products like electric and autonomous vehicles.
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Now, GM is ramping up its belt-tightening measures with cuts to factory and white-collar workers, plant closures in North America and the elimination of several car models as it tries to transform into a nimble company focused on high-margin SUVs, crossovers and trucks and investments in future products like electric and autonomous vehicles.
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In November, GM ramped up its belt-tightening measures with cuts to factory and white-collar workers, plant closures in North America and the elimination of several car models as it tries to transform into a nimble company focused on high-margin SUVs, crossovers and trucks, and investments in future products like electric and autonomous vehicles.
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McConnell faces pressure to bring Senate back for gun legislation Criminal justice reform should extend to student financial aid MORE (R-Tenn.), the chairman of the Appropriations energy and water development subcommittee, says the administration shouldn't try to balance the budget with steep cuts to domestic programs that have already undergone substantial belt-tightening in recent years. Sen.
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BUENOS AIRES (Reuters) - The head of Argentina´s new cabinet under President Alberto Fernandez said on Saturday that the government would make a series of belt-tightening "public spending adjustments," just hours after the country´s senate gave final legislative approval to an emergency economic reform package touted by Fernandez as the country's best chance at sparking growth.
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It also went through a period of belt-tightening in summer 2015 in a bid to get to profitability, cutting as much as a fifth of staff and slashing marketing budgets as it sought to reduce its millions per month burn rate having faced tougher questions from VCs about its finances when CEO Sam Shank set out to try to raise.
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"It is unacceptable that after last year signing a Republican tax bill that gave away tens of billions in corporate tax cuts and added more than $1 trillion to the national debt, President Trump cites the need for government belt-tightening in his decision to slash a planned pay increase," Senator Chris Coons, a Delaware Democrat, said in a statement.
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Greek Prime Minister Alexis Tsipras will meet on Friday in Athens with leaders from France, Italy, Spain, Portugal, Malta and Cyprus to discuss the future of the EU. Tsipras aims to gain support for an anti-austerity push, a direct challenge to Berlin's demand for increased belt-tightening, ahead of a mid-September EU summit in Bratislava for the 27 states that will remain after Britain leaves.
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