"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
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
We would prefer to see the House run bya philistine with the requisite financial acumen than by the succession of opera and ballet lovers who have brought a great and valuable institution to its knees.Gerald Kaufman
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
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.
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.
Through the lens of the Jock/Nerd Theory of History, the welfare state doesn’t look like a serious effort to "equalize outcomes." It looks more like a serious effort to block the "revenge of the nerds"—to keep them from using their financial success to unseat the jocks on every dimension of social status.bryan caplan
Forget the financial angle and consider rather which is the best outlet for the greatest contribution you can make towards making the world a better place in which to live. Efforts should never be expended purely for mercenary reasons. Pecuniary gains should come as a result of the entity's using his abilities in the direction of being helpful. ( Many Mansions Chapter 20 - A Philosophy of Vocational Choice )edgar cayce
In short, the elimination of the financial legacy of Reaganomics could force the United States to make some exceptionally difficult choices indeed.robert gilpin
We swapped the tyrant 3,000 miles away for a handful of financial slaveowning overlords who make the tyrant of Great Britain seem mild.huey long
The sale of assets is common with individuals and states when they run into financial difficulties. First, all the Georgian silver goes, and then all that nice furniture that used to be in the saloon. Then the Canalettos go.harold macmillan
Our country is in the middle of a profound crisis. This crisis has many causes, but much of it has been brought about by poor leadership decisions at every level of government. In addition, our electoral process is dominated by financial interests that are threatened by the very notion of reform.james henry "jim" webb
If exclusive privileges were not granted, and if the financial system would not tend to concentrate wealth, there would be few great fortunes and no quick wealth. When the means of growing rich is divided between a greater number of citizens, wealth will also be more evenly distributed; extreme poverty and extreme wealth would be also rare.Denis Diderot
Top management as a function and as a structure was first developed by Georg Siemens (1839-1901) in Germany between 1870 and 1880, when he designed and built the Deutsche Bank and made it, within a very few years, into continental Europe's leading and most dynamic financial institution.Peter Drucker
The world has not learned the technique of balanced expansion without the resultant commercial and financial congestion.benjamin graham
Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.benjamin graham
Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them.margaret thatcher
The peoples of Yugoslavia do not want Fascism. They do not want a totalitarian regime, they do not want to become slaves of the German and Italian financial oligarchy as they never wanted to become reconciled to the semi-colonial dependence imposed on them by the so-called Western democracies after the first imperialist war.josip broz tito
We have also come to realize that no problem ever exists in complete isolation. Every problem interacts with other problems and is therefore part of a set of interrelated problems, a system of problems I choose to call such a system a mess” problems... Furthermore solutions to most problems produce other problems... a financial problem, a maintenance problem, and conflict among family members for its use.
The state of an economy is the resultant of real flows and money flows. The financial institutions operating through capital and money markets is institutional infrastructure. It lubricates the wheel of the economic system
The conservative in financial circles I have often described as a man who thinks nothing new ought ever to be adopted for the first time.
The doctrine of controls and regulation on private enterprise led to: "a nightmare… [a]n untrained army of underpaid engineers… operating… without clear-cut criteria, vetted thousands of applications on an ad-hoc basis… months in… futile microreview…. again lost months reviewing the same data… interministerial licensing committee… equally ignorant of entrepreneurial realities… also operat[ing] upon ad hoc criteria in the absence of well-ordered priorities…. seek approval for the import of machinery from the capital goods licensing committee… foreign agreements committee… state financial institutions. The result was enormous delays… years… with staggering opportunities for corruption…"