"On the other hand, Allah directs man to the spiritual purity through the act of giving that is represented by charity that the pious pays as "Zakat" and "Sadakat" almsgiving, and other financial obligations."
Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was a shortage of people willing to bet against it.michael lewis
In a cruel irony, speculators - rather then elected politicians - are the shots on crisis management. In an absurd logic, those who foster financial turbulence have been invited by the G7 Finance ministers to identify policies which attenuate financial turbulence.michel chossudovsky
I was aware that the loosening of mortgage credit terms for subprime borrowers increased financial risk. But I believed then, as now, that the benefits of broadened home ownership are worth the risk.Alan Greenspan
As long as sexual relations are complicated by religious, social and financial considerations, so long will they cause all kinds of cowardly, dishonourable and disgusting behaviour.aleister crowley
In the United Kingdom, for example, the sheer overwhelming dominance of London makes it extremely for provincial cities to develop more than a very restricted financial function. London, in that sense, is akin to the notorious upas tree, a fabulous Javanese tree so poisonous that it destroys all life for many miles around itself.peter dicken
Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market.nouriel roubini
The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.
The urban renewal programme is one of the most spectacular urban programmes to have been undertaken in Paris; it is certainly the one which has provoked the biggest public outcry. The renewal programme in the strict sense of the term, has two essential characteristics: 1) It concerns an already structured social space, of which it changes the form, the social content and/or function. 2) It is based on public initiative, whatever the legal or financial form of the renewal agency, where private enterprise may take over the work, as in the case of Opératioll Italie.Manuel Castells
Massive concentration of financial power, accompanied by the machinations of finance capital, can as easily de-stabilize as stabilize capitalism.
As to those in the World Trade Center… True enough, they were civilians of a sort. But innocent?… They formed a technocratic corps at the very heart of America's global financial empire the "mighty engine of profit" to which the military dimension of U.S. policy has always been enslaved and they did so both willingly and knowingly.… If there was a better, more effective, or in fact any other way of visiting some penalty befitting their participation upon the little Eichmanns inhabiting the sterile sanctuary of the twin towers, I'd really be interested in hearing about it.
Boris Johnson has real contempt for Londoners. He hates that we celebrate each other's heritage; he hates that we try to pass on a healthy environment to our children; he hates that we look after our most vulnerable neighbours; and most of all he hates that we all expect to share in our city's financial success.siân berry
If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.aaron c. brown
We believe in a strong dollar ... Chinese financial assets are very safe.timothy geithner
Through exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.robert gilpin
The presently existing global financial and monetary system will disintegrate during the near term. The collapse might occur this spring, or summer, or next autumn; it could come next year; it will almost certainly occur during President William Clinton's first term in office; it will occur soon. That collapse into disintegration is inevitable, because it could not be stopped now by anything but the politically improbable decision by leading governments to put the relevant financial and monetary institutions into bankruptcy reorganization.lyndon larouche
financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.george soros
In these ways the war in Vietnam is poisoning and brutalizing our domestic life. Psychological incompatibility has proven to be more controlling than financial feasibility, and the Great Society has become a sick society.j. william fulbright
Economy is the first and great article (economy such as I understand it) in my financial creed. The controversy between direct and indirect taxation holds a minor, though important place.william ewart gladstone
With our financial house on fire, Obama makes clear both in in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy.charles krauthammer
The “democratisation” of the ownership of shares, from which the bourgeois sophists and opportunist so-called “Social-Democrats” expect (or say that they expect) the “democratisation of capital”, the strengthening of the role and significance of small scale production, etc., is, in fact, one of the ways of increasing the power of the financial oligarchy.
After September 11th, we were told that money was the lifeblood of terrorists, and that we should do everything possible to block their access to financial resources...Today we are hearing a far different message: Bank of America, it’s everywhere terrorists want to be.tom tancredo
Most great financial innovators come from humble circumstances - nothing arouses fascination with financial assets quite like their absence.
Through exploitation of its influence over global financial affairs, the United States has been able to cover the costs of its hegemonic position, preserve a false domestic prosperity, and mask the consequences of its relative political and economic decline.
DOD will create a Department-wide blueprint (enterprise architecture) that will prescribe how the Department's financial and non-financial feeder systems and business processes interact. This architecture will guide the development of enterprise-level processes and systems throughout DOD.
Extreme poverty, the increasing availability of high-speed internet and the existence of a vast and comparatively wealthy overseas customer base has led to organised crime groups exploiting children for financial gain.
Sensation seeking is defined as the seeking of varied, novel, complex and intense sensations and experiences, and the willingness to take physical, social, legal, and financial risks for the sake of such experiences.
No matter how it is worded or performed, abortion hurts women. This won’t stop until women stand up in unison and say, ‘This is unacceptable. We deserve better.’ Lack of emotional and financial resources are the real undue burden and abortion will never lift that.
I share the confidence of those who feel that America is working to care for its unwanted as well as wanted children, protecting particularly those who cannot protect themselves. I also share the opinions of those who do not accept abortion as a response to our society's problems -- an inadequate welfare system, unsatisfactory job training programs, and insufficient financial support for all its citizens.