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Even with the U.S. economy boasting impressive job growth and domestic equity discover this markets near record highs, a fragmented recovery has left many states struggling to close budget deficits nearly a decade after the 2008 financial crisis. Quotes in the article -0.04% The broad recovery has benefited large, economically diverse states like California and Texas, ratings agencies say, while states heavily dependent on oil revenues, like North Dakota and Alaska, and those like Illinois that are grappling with large unfunded pension obligations, have seen budget deficits bloom. That has left those struggling states with painful decisions over spending cuts and tax increases, and ill prepared to deal with another economic downturn or cuts to federal money tied to the Medicaid program. S&P Global has downgraded 11 states compared to just two upgrades since January 2016. It has 11 states on negative outlook, which means the ratings agency believes more than 20 percent of states are in danger of a credit downgrade. The uneven nature of the bounce back is unusual in post-recession U.S. economic history, analysts said. "The economy is showing signs of strength.
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Similarly with China were seeing a significant ramp up in sales with very little change in operating expenses. So over the next two years what you're really going to see is a leveraging of kind of fixed base of expenses thats going to allow us to we think dramatically increase the earnings per share on a quarter-by-quarter basis with adding another what we think is going to be another $17 million, $18 million you know $19 million in sales over the next two or three fiscal years. So, I mean, I'm looking at it and I look at these different groups and I don't see our operating expenses increasing significantly over the next two or three years. There is a very solid fixed base of expense that we have. There are going to be some additional sales people in different areas and things like that, but I look what were spending in China were theyre all adding sales but not adding expenses as were going because of how much weve had to spend to get those operations up and running. Same thing with Natur-Tec, same thing with oil and gas, same thing with our North American operations, so I think that's really what youre going to see as far as how we get to those numbers that were projecting two years out. Tim Clarkson Great, well there is some evidence now based on this quarter and your forward projections that that can happen, so thanks. Im done. Patrick Lynch Thank you. Our next question comes from the line of Joe Furst of Furst Associates. Joe Furst Good morning and congratulations on doing a great job, I appreciate it.
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กระเป๋า CHARLES & KEITH สะพายข้าง 2016
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