"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
Anarchists generally make use if the word "State" to mean all the collection of institutions, political, legislative, judicial, military, financial, etc., by means of which management of their own affairs, the guidance of their personal conduct, and the care of ensuring their own safety are taken from the people and confided to certain individuals, and these, whether by usurpation or delegation, are invested with the right to make laws over and for all, and to constrain the public to respect them, making use of the collective force of the community to this end.errico malatesta
When it comes to matters in which he had some control, such as legislation brought before Parliament, his record has been recognized over the centuries as significant and enlightened. By contrast with kings before and after him, he indulged in no financial extortion, no religious persecution, no violation of sanctuary, no burning at the stake, no killing of women, no torture or starvation and no cynical breach of promise, pardon or safe-conduct in order to entrap a subject.richard iii of england
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
Massive concentration of financial power, accompanied by the machinations of finance capital, can as easily de-stabilize as stabilize capitalism.
Leave off the 'financially'.Let the financial be the result of honest, sincere desire to be and live so that others may know the way also. Good gives the increase. ( Many Mansions Chapter 20 - A Philosophy of Vocational Choice )edgar cayce
I guess we were kinda poor when we were kids, but we didn't know it. That's because my dad always refused to let us look at the family's financial records.jack handey
I do not believe that anything really worthwhile will come out of the exploration of the slag heap that constitutes the surface of the moon...Nobody should imagine that the enormous financial budget of NASA implies that astronomy is now well supported.fred hoyle
Remember, PM is not here to give financial advice. Your interest in the programme may go down as well as up.eddie mair
Money is better than poverty, if only for financial reasons.woody allen
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
...what's absolutely unforgivable is the financial benefit top management people get for laying off people. There is no excuse for it. No justification. This is morally and socially unforgivable, and we will pay a heavy price for it.Peter Drucker
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
The US its bankrupt mortgage institutions nationalised and its gigantic war machine effectively funded by foreign borrowing is in steep decline. With its financial system in the worst mess since the 1930s, the west's ability to shape events is dwindling by the day. Sermonising about "law-based international relations" is laughable after Iraq, and at bottom not much more than nostalgia for a vanished hegemony.john n. gray
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
Man is constantly being assured that he has more power than ever before in history, but his daily experience is one of powerlessness. … If he is with a business organization, the odds are great that he has sacrificed every other kind of independence in return for that dubious one known as financial.richard weaver
Even in financial markets, the concept of market efficiency does not hold.
When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker.
The bourgeois thinkers of the eighteenth century thus turned Aristotle’s formula on its head: satisfactions which the Greek philosopher had identified with leisure were now transposed to the sphere of work, while tasks lacking in any financial reward were drained of all significance and left to the haphazard attentions of decadent dilettantes. It now seemed as impossible that one could be happy and unproductive as it had once seemed unlikely that one could work and be human.Alain de Botton
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…"