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So we need to generate extra financial headroom, to give us flexibility.
We maintain that ITV has a rare mix of operating leverage, asset backing and significant financial headroom, with a world-class management team.
Low interest rates also have provided Blackstone with the financial headroom to shower its investors and executives with huge one-time dividends financed with debt.
It hopes to win new contracts linked to the 2012 Olympics and with financial headroom of £550m, acquistions look likely, with Brazil and China areas where it is keen to invest.
Governors and legislatures in those states — home to roughly half of all Americans — will now have the financial headroom to raise state income and business taxes by as much as the federal government cuts them — and use the additional revenue to replace all the federal services and benefits that Republicans have vowed to cut.
Silber is equally circumspect in dealing with Ben Bernanke and his repeated rounds of money-printing known as "quantitative easing". Volcker no doubt views such actions as handing a free pass to politicians by giving them the financial headroom to continue running large budget deficits — something he refused to do during the Reagan era.
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Thailand does have the fiscal headroom.
Spending could indeed be much higher than it is, given the fiscal headroom provided by a small national debt.
It wouldn't be much better for Vivendi executives who have been candid about their disinterest in NBC Universal, an asset they've publicly dubbed "non-core"–and, perhaps more poignantly, their desire to off-load it to get "more headroom," as Vivendi Chief Financial Office Philippe Capron put it at a conference in Spain last week.
"Given Roche's strong financial and business profiles, the group still has headroom for further acquisition within rating," said Fitch executive Britta Holt in June, according to AFX News.
"Given Roche's strong financial and business profiles, the group still has headroom for further acquisition within rating," said Fitch executive Britta Holt, according to AFX News.
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