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It is scheduled to publish revisions to the fourth-quarter GDP data at the end of the month mens gold cufflinks. The stream of soft December reports set the economy on a slower growth path in the first quarter. “We continue to see downside risk to our 1.5 percent growth forecast for the first quarter with much of the related monthly source data now reported through December,” said Daniel Silver, an economist at JPMorgan in New York. In December, spending on private construction projects fell 0.6 percent after surging 1.3 percent in November. Investment in private residential projects tumbled 1.4 percent after rebounding 3.4 percent in November..
The housing market has been weighed down by higher mortgage rates, expensive building materials as well as land and labor shortages mens gold cufflinks. Residential investment contracted 0.2 percent in 2018, the worst performance since 2010. Spending on private nonresidential structures, which includes manufacturing and power plants, gained 0.4 percent in December after declining 1.1 percent in November. Spending on nonresidential structures contracted in both the third and fourth quarters. Investment in public construction projects fell 0.6 percent in December to an eight-month low after decreasing 1.0 percent in November. Spending on federal government construction projects plunged 2.2 percent after rising 0.3 percent in November..
TOKYO (Reuters) – The lawyer of ousted Nissan Chairman Carlos Ghosn on Monday said he was optimistic the detained executive could win bail with a promise to submit to surveillance, and that he would pursue a fresh strategy to defend against financial misconduct charges. Junichiro Hironaka, known as “the Razor” for his successful defense of high-profile cases, told a briefing that his three-person legal team appointed last month would not be bound by the strategy of Ghosn’s previous lawyers, whose rebuttal of the charges failed to secure the executive’s bail mens gold cufflinks.
Ghosn has been in custody since his initial arrest in late November over allegations he under-reported his compensation at Nissan Motor Co Ltd for nearly a decade through 2018 mens gold cufflinks. He also has been charged with aggravated breach of trust. The ex-chairman of Nissan, Mitsubishi Motors Corp and France’s Renault SA has denied wrongdoing. “I believe it’s possible he could be released in the near future,” Hironaka said in a more optimistic outlook than former lead lawyer and one-time chief prosecutor Motonari Otsuru, who had suggested Ghosn could remain in custody in Japan for months..
“We haven’t known each other for long but I hope to build up a relationship of trust,” said Hironaka, who acknowledged a language barrier with his client but added that he had read books authored by Ghosn to get to know his client better. Ghosn and his legal team are currently waiting for the Tokyo court to decide whether to grant his third request for bail submitted late last week mens gold cufflinks. This time, Ghosn has said he is willing to submit to severe restrictions including video surveillance and communications monitoring to secure freedom before his trial, Hironaka said. His previous offer to hire security guards and wear an ankle monitoring bracelet failed to convince judges who cited a risk of evidence tampering when they rejected two previous bail applications..