10 Downing Street Quotes

I have a foreboding of an America in my children's or grandchildren's time -- when the United States is a service and information economy; when nearly all the manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what's true, we slide, almost without noticing, back into superstition and darkness... The dumbing down of American is most evident in the slow decay of substantive content in the enormously influential media, the 30 second sound bites (now down to 10 seconds or less), lowest common denominator programming, credulous presentations on pseudoscience and superstition, but especially a kind of celebration of ignorance

Travel is little beds and cramped bathrooms. It’s old television sets and slow Internet connections. Travel is extraordinary conversations with ordinary people. It’s waiters, gas station attendants, and housekeepers becoming the most interesting people in the world. It’s churches that are compelling enough to enter. It’s McDonald’s being a luxury. It’s the realization that you may have been born in the wrong country. Travel is a smile that leads to a conversation in broken English. It’s the epiphany that pretty girls smile the same way all over the world. Travel is tipping 10% and being embraced for it. Travel is the same white T-shirt again tomorrow. Travel is accented sex after good wine and too many unfiltered cigarettes. Travel is flowing in the back of a bus with giggly strangers. It’s a street full of bearded backpackers looking down at maps. Travel is wishing for one more bite of whatever that just was. It’s the rediscovery of walking somewhere. It’s sharing a bottle of liquor on an overnight train with a new friend. Travel is “Maybe I don’t have to do it that way when I get back home.” It’s nostalgia for studying abroad that one semester. Travel is realizing that “age thirty” should be shed of its goddamn stigma.

Karsa reached down, gathered the skeletal figure into his arms, and then settled back. ‘I stepped over corpses on the way here,’ the Toblakai said. ‘People no one cared about, dying alone. In my barbaric village this would never happen, but here in this city, this civilized jewel, it happens all the time. (...) What is your name?’ ‘Munug.’ ‘Munug. This night – before I must rise and walk into the temple – I am a village. And you are here, in my arms. You will not die uncared for.’ ‘You – you would do this for me? A stranger?’ ‘In my village no one is a stranger – and this is what civilization has turned its back on. One day, Munug, I will make a world of villages, and the age of cities will be over. And slavery will be dead, and there shall be no chains – tell your god. Tonight, I am his knight.’ Munug’s shivering was fading. The old man smiled. ‘He knows.’ It wasn’t too much, to take a frail figure into one’s arms for those last moments of life. Better than a cot, or even a bed in a room filled with loved ones. Better, too, than an empty street in the cold rain. To die in someone’s arms – could there be anything more forgiving? Every savage barbarian in the world knew the truth of this.

Blenkinsop sighed. "As usual, those of you who can think of better ways to win the war are invited to write directly to Mr. Winston Churchill, number 10 Downing Street, London South-West-One. Now, are there any questions, as opposed to stupid criticisms?

I take it you didn’t get the permits...again. (Brian) What was your first clue? (Geary) Oh, I don’t know. That stomping stance as you walked down the street, clenching and unclenching your fists like you’re already choking someone, or maybe it’s that way you’re looking at me like you could claw out my eyes when I haven’t done anything to piss you off. (Brian) Yes, you have. (Geary) And that is? (Brian) You don’t have a gun. (Geary)

One foggy night I was walking the dogs down the lane and heard the geese, very close overhead, calling, calling, their marvellous strange cry, as they flew by. I think that is what our own best prayer must sound like when we send it up to heaven.

Are we truly acting from principle and not from interest? Surely it is at least convenient that for us the two coincide.

On the second or third day, sometime in the early evening, I walked from the splashing fountains and giant lions of Trafalgar Square, past the famous door of 10 Downing Street, and then, suddenly, when I turned the corner, I was face-to-face with Big Ben. I found myself just standing there, gazing up into the rare blue sky at this magnificent clock tower that gleamed in the sunlight. I couldn’t look away. Because all at once everything in my crazy heart and mind seemed to fall into place. Right in front of me was all the glory and sparkle that I knew my London life was going to be once I figured out how to grab on to it.

If an inmate swears at a guard, fights, or hides contraband like cigarettes or candy [Sheriff Arpaio has banned coffee, cigarettes, hot lunches, girlie mags & TV], she's kicked out of the tents and sent to lockdown--a tiny cell 10x12 feet that houses 4 women, instead of the 2 it was built for. There's no tv, no phone, & no a/c. Even though most of these women have drug problems, programs like NA or AA are considered 'privileges' forbidden to those locked down. The only way to get out of lockdown is to volunteer for the chain gang--the first & only female chain gang in the United States (as of Aug 1997). Volunteers sign a paper that says they know & accept the conditions on the chain--cleaning Phoenix streets, painting the center strip of miles of highway, & burying AZ's indigent. The accusation of 'cruel & unusual punishment' is quashed by the argument that the chain gang is purely voluntary. After all, if you prefer, you can spend the whole year in lockdown.

Twelve years ago, when I was 10, I played at being a soldier. I walked up the brook behind our house in Bronxville to a junglelike, overgrown field and dug trenches down to water level with my friends. Then, pretending that we were doughboys in France, we assaulted one another with clods of clay and long, dry reeds. We went to the village hall and studied the rust rifles and machine guns that the Legion post had brought home from the First World War and imagined ourselves using them to fight Germans. But we never seriously thought that we would ever have to do it. The stories we heard later; the Depression veterans with their apple stands on sleety New York street corners; the horrible photographs of dead bodies and mutilated survivors; “Johnny Got His Gun” and the shrill college cries of the Veterans of Future Wars drove the small-boy craving for war so far from our minds that when it finally happened, it seemed absolutely unbelievable. If someone had told a small boy hurling mud balls that he would be throwing hand grenades twelve years later, he would probably have been laughed at. I have always been glad that I could not look into the future.

Fourth Floor, Dawn, Up All Night Writing Letters Pigeons shake their wings on the copper church roof out my window across the street, a bird perched on the cross surveys the city's blue-grey clouds. Larry Rivers 'll come at 10 AM and take my picture. I'm taking your picture, pigeons. I'm writing you down, Dawn. I'm immortalizing your exhaust, Avenue A bus. O Thought, now you'll have to think the same thing forever!

Have you seen the crazy people who cheer for the protests and even the looting—when it’s far away? Then as it moves close by, they change their tune. Take Chris Palmer, a reporter who covers the NBA. On a Thursday, Palmer tweeted a photo of a building burning with the caption, “Burn that shit down. Burn it all down.”10 By the wee hours of Sunday morning, with the protesters in his neighborhood, he wrote, “They just attacked our sister community down the street. It’s a gated community and they tried to climb the gates. They had to beat them back. Then destroyed a Starbucks and are now in front of my building. Get these animals TF out of my neighborhood. Go back to where you live.

A stock selling at $100 per share with earnings of $10 per share would have the same P/E multiple (10) as a stock selling at $40 with earnings of $4 per share. It is the P/E multiple, not the price, that really tells you how a stock is valued in the market.

Angus thought about this. She was right. That was why our national conversation was so bad. Courtesy had been abandoned in favour of the put-down, the attack, the calculated sound bite. What sort of national conversation was that? The answer came to him immediately: none.

The next morning, Tuesday, Churchill worked on it some more, but found his concentration broken by the sound of hammering coming from construction underway in the Horse Guards Parade, where workers were busy shoring up the Cabinet War Rooms (later named the Churchill War Rooms), situated in the basement of a large government office building a short walk from No. 10 Downing Street. At nine A.M. he ordered Colville to find the source and stop it. “This is an almost daily complaint,” Colville wrote, “and must cause considerable delay in the measures being taken to defend Whitehall.

If my favorite Internet company sells for $30 a share, and yours sells for $10, then people who focus on price would say that mine is the superior company. This is a dangerous delusion. What Mr. Market pays for a stock today or next week doesn’t tell you which company has the best chance to succeed two to three years down the information superhighway.

Not a single high-level CEO has even been charged in connection with the financial collapse, much less been convicted and sent to prison, and most of them went on to receive huge year-end bonuses. Joseph Cassano of AIG Financial Products—known as “Mr. Credit-Default Swap”—led a unit that required a $99 billion bailout while simultaneously distributing $1.5 billion in year-end bonuses to his employees—including $34 million to himself. Robert Rubin of Citibank received a $10 million bonus in 2008 while serving on the board of directors of a company that required $63 billion in federal funds to keep from failing. Lower down the pay scale, more than 5,000 Wall Street traders received bonuses of $1 million or more despite working for nine of the financial firms that received the most bailout money from the US goverment.

Harlem, physically at least, has changed very little in my parents’ lifetime or in mine. Now as then the buildings are old and in desperate need of repair, the streets are crowded and dirty, there are too many human beings per square block. Rents are 10 to 58 per cent higher than anywhere else in the city; food, expensive everywhere, is more expensive here and of an inferior quality; and now that the war is over and money is dwindling, clothes are carefully shopped for and seldom bought. Negroes, traditionally the last to be hired and the first to be fired, are finding jobs harder to get, and, while prices are rising implacably, wages are going down. All over Harlem now there is felt the same bitter expectancy with which, in my childhood, we awaited winter: it is coming and it will be hard; there is nothing anyone can do about it.

Chequers and No. 10 enjoyed surprisingly haphazard security against assassination and terrorism. John Martin recalled that there was a competition in the Foreign Office to see who could get into Downing Street with the least adequate credentials. A railway season ticket and golf club membership card were runners-up, but ‘finally the prize went to a man who walked confidently through the entrance holding out a slice of cake.

After that, the book will fade, the way all books fade in your mind. But I hope you will remember this: A man walking fast down a dark lonely street. Quick steps and hard breathing, all wonder and need. A bell above a door and the tinkle it makes. A clerk and a ladder and warm golden light, and then: the right book exactly, at exactly the right time.” Excerpt From: Sloan, Robin. “Mr Penumbra's 24 Hour Bookstore.” Macmillan, 2012-10-01T22:00:00+00:00. iBooks. This material may be protected by copyright.

So I drive into town for my first date in two years in a red 1941 Chevrolet four-on-the-floor with a John Deere motor grader hooked behind me. The engine sputters and churns and I wonder if the truck will make it. Chunks of mud spray behind me off the tires. The engine stalls on the main road, sending my dress and bag flying onto the dirty floor. I have to restart twice. At five forty-five, a black thing streaks out in front of me and I feel a thunk. I try to stop but braking’s just not something you can do very quickly with a 10,000-pound piece of machinery behind you. I groan and pull over. I have to go check. Remarkably, the cat stands up, looks around stunned, and shoots back into the woods as quickly as it came. At three minutes to six, after doing twenty in a fifty with horns honking and teenagers hollering at me, I park down the street from Hilly’s house since Hilly’s cul-de-sac doesn’t provide adequate parking for farm equipment. I grab my bag and run inside without even knocking, all out of breath and sweaty and windblown and there they are, the three of them, including my date. Having highballs in the front living room.

Entre las muchas maneras de combatir la nada, una de las mejores es sacar fotografías, actividad que debería enseñarse tempranamente a los niños pues exige disciplina, educación estética, buen ojo y dedos seguros. No se trata de estar acechando la mentira como cualquier repórter, y atrapar la estúpida silueta del personajón que sale del número 10 de Downing Street, pero de todas maneras cuando se anda con la cámara hay como el deber de estar atento, de no perder ese brusco y delicioso rebote de un rayo de sol en una vieja piedra, o la carrera trenzas al aire de un chiquilla que vuelve con un pan o una botella de leche.

If anything, it made his appointment all the more exquisite. In the fading light, Inspector Thompson saw tears begin to slip down Churchill’s cheeks. Thompson, too, found himself near tears. — LATE THAT NIGHT CHURCHILL lay in bed, alive with a thrilling sense of challenge and opportunity. “In my long political experience,” he wrote, “I had held most of the great offices of State, but I readily admit that the post which had now fallen to me was the one I liked the best.” Coveting power for power’s sake was a “base” pursuit, he wrote, adding, “But power in a national crisis, when a man believes he knows what orders should be given, is a blessing.” He felt great relief. “At last I had the authority to give directions over the whole scene. I felt as if I were walking with destiny, and that all my past life had been but a preparation for this hour and for this trial….Although impatient for the morning I slept soundly and had no need for cheering dreams. Facts are better than dreams.” Despite the doubts he had expressed to Inspector Thompson, Churchill brought to No. 10 Downing Street a naked confidence that under his leadership Britain would win the war, even though any objective appraisal would have said he did not have a chance. Churchill

Joseph Cassano of AIG Financial Products—known as “Mr. Credit-Default Swap”—led a unit that required a $99 billion bailout while simultaneously distributing $1.5 billion in year-end bonuses to his employees—including $34 million to himself. Robert Rubin of Citibank received a $10 million bonus in 2008 while serving on the board of directors of a company that required $63 billion in federal funds to keep from failing. Lower down the pay scale, more than 5,000 Wall Street traders received bonuses of $1 million or more despite working for nine of the financial firms that received the most bailout money from the US goverment. Neither

MIC7.8 Rejoice not against me, O mine enemy: when I fall, I shall arise; when I sit in darkness, the LORD shall be a light unto me. MIC7.9 I will bear the indignation of the LORD, because I have sinned against him, until he plead my cause, and execute judgment for me: he will bring me forth to the light, and I shall behold his righteousness. MIC7.10 Then she that is mine enemy shall see it, and shame shall cover her which said unto me, Where is the LORD thy God? mine eyes shall behold her: now shall she be trodden down as the mire of the streets. MIC7.11 In the day that thy walls are to be built, in that day shall the decree be far removed.

…like the Greeks, I suppose. They made a big thing of hoodwinking the Germans, until recently, of course. The Germans suddenly turned round and told the poor Greeks that the game was up. Oh dear. … I can just imagine the mythical parallel. There are all the Greek gods on Mount Olympus, or wherever they liked to cavort—cavorting away and having a great time on borrowed funds from those northern gods—Thor, Odin and so on—who of course inhabit northern forests and mountains. Anyway, the Greek gods have a great time and then Thor and Freya and so on get all sniffy and tell them that they have to cut the whole thing out and move down the mountain and get a job, or whatever. A terrible row ensues, with thunderbolts being hurled.

But now 'tis the modern ole Coast Division S.P. and begins at those dead end blocks and at 4:30 the frantic Market Street and Sansome Street commuters as I say come hysterically running for ther 112 to get home on time for the 5:30 televisions Howdy Doody of their gun toting Neal Cassady'd Hopalong childrens. 1.9 miles to 23rd Street, another 1.2 Newcomb, another 1.0 to Paul Avenue and etcetera these being the little piss stops on that 5 miles short run thru 4 tunnels to mighty Bayshore, Bayshore at milepost 5.2 shows you as I say that gigantic valley wall sloping in with sometimes in extinct winter dusks the huge fogs milking furling meerolling in without a sound but as if you could hear the radar hum, the oldfashioned dullmasks mouth of Potato Patch Jack London old scrollwaves crawling in across the gray bleak North Pacific with a wild fleck, a fish, the wall of a cabin, the old arranged wallworks of a sunken ship, the fish swimming in the pelvic bones of old lovers lay tangled ath the bottom of the sea like slugs no longer discernible bone by bone but melted into one squid of time that fog, that terrible and bleak Seattlish fog that potatopatch wise comes bringing messages from Alaska and from the Aleutian mongol, and from the seal, and from the wave, and from the smiling porpoise, that fog at Bayshore you can see waving in and filling in rills and rolling down and making milk on hillsides and you think, "It's hypocricy of men makes these hills grim.

The harsh truth is that the most important driver in the growth of your assets is how much you save, and saving requires discipline. Without a regular savings program, it doesn’t matter if you make 5 percent, 10 percent, or even 15 percent on your investment funds. The single most important thing you can do to achieve financial security is to begin a regular savings program and to start it as early as possible. The only reliable route to a comfortable retirement is to build up a nest egg slowly and steadily. Yet few people follow this basic rule, and the savings of the typical American family are woefully inadequate. It is critically important to start saving now. Every year you put off investing makes your ultimate retirement goals more difficult to achieve. Trust in time rather than in timing. As a sign in the window of a bank put it, little by little you can safely stock up a strong reserve here, but not until you start.

In time of war, under the banner of an enemy recognisable as such, a foreigner from a camp outside the lines, the imperial idea grew strong in confidence and temper. The British democracy rallied to the call of a strong leadership, and it was not just in rhetorical enthusiasm but with considerable personal satisfaction that Churchill hailed the year 1940-1 as the British people's 'finest hour'. He, with other imperialists, was delighted by the fact that, when it came to the sticking-place, it was the old-fashioned loyalty of the reactionary British Empire to all that was symbolised by allegiance to Crown and country that came forward to save European civilisation from utter overthrow by German tyranny...The days of showing the flag—even for only a momentary glimpse, such as wall that inhabitants of Greece and Crete and Dieppe had of it—had returned. The Empire was the Empire once more, and to 10, Downing Street returned that imperial control that two generations of Dominion opinion had combined to condemn as sinister.

XVIII TO HIS LADY                Beloved beauty who inspires             love from afar, your face concealed             except when your celestial image             stirs my heart in sleep, or in the fields         5  where light and nature’s laughter             shine more lovely;             was it maybe you who blessed             the innocent age called golden,             and do you now, blithe spirit,       10  soar among men? Or does the miser, fate,             who hides you from us save you for the future?                No hope of seeing you alive             remains for me now,             except when, naked and alone,       15  my soul will go down a new street             to an unfamiliar home. Already, at the dawning             of my dark, uncertain day,             I imagined you a fellow traveler             on this parched ground. But no thing on earth       20  compares with you; and if someone             who had a face like yours resembled you             in word and deed, still she would be less lovely.                In spite of all the suffering             that fate assigned to human life,       25  if there was anyone on earth             who truly loved you as my thought portrays you,             this life for him would be a joy.             And I see clearly how your love             would still inspire me to seek praise and virtue,       30  the way I used to in my early years.             Though heaven gave no comfort for our suffering,             still mortal life with you would be             like what in heaven becomes divinity.                In the valleys, where you hear       35  the weary farmer singing             and I sit and mourn             my youth’s illusions leaving me;             and on the hills where I turn back             and lament my lost desires,       40  my life’s lost hope, I think of you             and start to shake. In this sad age             and sickly atmosphere, I try             to keep your noble look in mind;             without the real thing, I enjoy the image.       45     Whether you are the one and only             eternal idea that eternal wisdom             disdains to see arrayed in sensible form,             to know the pains of mournful life             in transitory dress;       50  or if in the supernal spheres another earth             from among unnumbered worlds receives you,             and a near star lovelier than the Sun             warms you and you breathe benigner ether,             from here, where years are both ill-starred and brief,       55  accept this hymn from your unnoticed lover.

On Sunday, November 10, Kaiser Wilhelm II was dethroned, and he fled to Holland for his life. Britain’s King George V, who was his cousin, told his diary that Wilhelm was “the greatest criminal known for having plunged the world into this ghastly war,” having “utterly ruined his country and himself.” Keeping vigil at the White House, the President and First Lady learned by telephone, at three o’clock that morning, that the Germans had signed an armistice. As Edith later recalled, “We stood mute—unable to grasp the significance of the words.” From Paris, Colonel House, who had bargained for the armistice as Wilson’s envoy, wired the President, “Autocracy is dead. Long live democracy and its immortal leader. In this great hour my heart goes out to you in pride, admiration and love.” At 1:00 p.m., wearing a cutaway and gray trousers, Wilson faced a Joint Session of Congress, where he read out Germany’s surrender terms. He told the members that “this tragical war, whose consuming flames swept from one nation to another until all the world was on fire, is at an end,” and “it was the privilege of our own people to enter it at its most critical juncture.” He added that the war’s object, “upon which all free men had set their hearts,” had been achieved “with a sweeping completeness which even now we do not realize,” and Germany’s “illicit ambitions engulfed in black disaster.” This time, Senator La Follette clapped. Theodore Roosevelt and Senator Lodge complained that Wilson should have held out for unconditional German surrender. Driven down Capitol Hill, Wilson was cheered by joyous crowds on the streets. Eleanor Roosevelt recorded that Washington “went completely mad” as “bells rang, whistles blew, and people went up and down the streets throwing confetti.” Including those who had perished in theaters of conflict from influenza and other diseases, the nation’s nineteen-month intervention in the world war had levied a military death toll of more than 116,000 Americans, out of a total perhaps exceeding 8 million. There were rumors that Wilson planned to sail for France and horse-trade at the peace conference himself. No previous President had left the Americas during his term of office. The Boston Herald called this tradition “unwritten law.” Senator Key Pittman, Democrat from Nevada, told reporters that Wilson should go to Paris “because there is no man who is qualified to represent him.” The Knickerbocker Press of Albany, New York, was disturbed by the “evident desire of the President’s adulators to make this war his personal property.” The Free Press of Burlington, Vermont, said that Wilson’s presence in Paris would “not be seemly,” especially if the talks degenerated into “bitter controversies.” The Chattanooga Times called on Wilson to stay home, “where he could keep his own hand on the pulse of his own people” and “translate their wishes” into action by wireless and cable to his bargainers in Paris.

The Saints will reign in celestial splendor—Christ will come, and men will be judged—Blessed are they who keep His commandments. 1 And he shewed me a pure river of awater of life, clear as crystal, proceeding out of the throne of God and of the Lamb. 2 In the midst of the street of it, and on either side of the river, was there the atree of blife, which bare twelve manner of fruits, and yielded her fruit every month: and the cleaves of the tree were for the healing of the nations. 3 And there shall be no more acurse: but the bthrone of God and of the cLamb shall be in it; and his servants shall serve him: 4 And they shall asee his bface; and his cname shall be in their foreheads. 5 And there shall be no night there; and they need no candle, neither light of the asun; for the Lord God giveth them blight: and they shall creign dfor ever and ever. 6 And he said unto me, These sayings are faithful and atrue: and the Lord God of the holy prophets sent his angel to shew unto his servants the things which must bshortly be done. 7 Behold, I acome quickly: bblessed is he that keepeth the csayings of the prophecy of this book. 8 And I John saw these things, and heard them. And when I had heard and seen, I afell down to worship before the feet of the angel which shewed me these things. 9 Then saith he unto me, See thou do it not: for I am thy fellowservant, and of thy brethren the prophets, and of them which keep the sayings of this book: worship God. 10 And he saith unto me, Seal not the sayings of the prophecy of this book: for the time is at hand. 11 He that is aunjust, let him be bunjust still: and he which is cfilthy, let him be filthy still: and he that is righteous, let him be righteous still: and he that is holy, let him be holy still. 12 And, behold, I acome quickly; and my breward is with me, to give every man according as his cwork shall be. 13 I am Alpha and Omega, the beginning and the end, the afirst and the last. 14 Blessed are they that ado his bcommandments, that they may have right to the tree of life, and may enter in through the gates into the city. 15 For without are dogs, and asorcerers, and bwhoremongers, and cmurderers, and idolaters, and whosoever loveth and maketh a dlie. 16 I Jesus have sent mine aangel to testify unto you these things in the churches. I am the broot and the offspring of David, and the bright and morning cstar. 17 And the Spirit and the bride say, aCome. And let him that heareth say, Come. And let him that is athirst come. And whosoever will, let him take the bwater of life freely. 18 For I testify unto every man that heareth the words of the prophecy of this book, If any man shall aadd unto these things, God shall add unto him the bplagues that are written in this book: 19 And if any man shall take away from the words of the book of this prophecy, God shall take away his part out of the abook of life, and out of the holy city, and from the things which are written in this book. 20 He which testifieth these things saith, Surely I acome quickly. Amen. Even so, come, Lord Jesus. 21 The agrace of our bLord Jesus Christ be with you all. Amen.

In his job as a financial educator, Keith had spent a fair amount of time breaking down the act — and sometimes art — of short selling, in a way that less savvy customers could understand. When a trader believed a company was in trouble, and its stock was overvalued, they could 'borrow' shares, sell them, and then when the stock went down as they'd predicted, rebuy the shares at a lower price, return them to whoever they'd borrowed them from, and pocket the difference. If GameStop was trading at 5, you could borrow 100 shares, sell them for $500; when the stock hit 1, you bought back the 100 shares for $100, returned them, pocketing $400 for yourself. You paid a little fee to the lender for their trouble and came out with a tidy profit. But what happened if the stock went up instead of down? What happened if GameStop figured out how to capitalize on its millions of nostalgic customers, who spent billions on video games every year? What if the stock went to 10 instead of 1? What happened was, the short seller was royally screwed. He'd borrowed those 100 shares and sold them at 5. Now the stock was at 10, but he still needed to return his 100 shares. Buying them on the market at 10 meant spending $1000. And what was worse, when he'd borrowed the shares, he'd agreed on a timeline to return them. There was a ticking clock hanging over his head, so he had a choice — buy the shares back at 10 now, losing $500 on the deal — or wait a little longer, hoping the stock went back down before his time limit was up. And what if he waited, and the stock kept going up? Sooner or later, he had to buy those shares back. Even if the stock went to 15, 20 — he was on the hook for those 100 shares. Theoretically, there was no limit to how much he could lose.

If Jim was back at the imaginary dinner party, trying to explain what he did for a living, he'd have tried to keep it simple: clearing involved everything that took place between the moment someone started at trade — buying or selling a stock, for instance — and the moment that trade was settled — meaning the stock had officially and legally changed hands. Most people who used online brokerages thought of that transaction as happening instantly; you wanted 10 shares of GME, you hit a button and bought 10 shares of GME, and suddenly 10 shares of GME were in your account. But that's not actually what happened. You hit the Buy button, and Robinhood might find you your shares immediately and put them into your account; but the actual trade took two days to complete, known, for that reason, in financial parlance as 'T+2 clearing.' By this point in the dinner conversation, Jim would have fully expected the other diners' eyes to glaze over; but he would only be just beginning. Once the trade was initiated — once you hit that Buy button on your phone — it was Jim's job to handle everything that happened in that in-between world. First, he had to facilitate finding the opposite partner for the trade — which was where payment for order flow came in, as Robinhood bundled its trades and 'sold' them to a market maker like Citadel. And next, it was the clearing brokerage's job to make sure that transaction was safe and secure. In practice, the way this worked was by 10:00 a.m. each market day, Robinhood had to insure its trade, by making a cash deposit to a federally regulated clearinghouse — something called the Depository Trust & Clearing Corporation, or DTCC. That deposit was based on the volume, type, risk profile, and value of the equities being traded. The riskier the equities — the more likely something might go wrong between the buy and the sell — the higher that deposit might be. Of course, most all of this took place via computers — in 2021, and especially at a place like Robinhood, it was an almost entirely automated system; when customers bought and sold stocks, Jim's computers gave him a recommendation of the sort of deposits he could expect to need to make based on the requirements set down by the SEC and the banking regulators — all simple and tidy, and at the push of a button.

Who will have their strength renewed? “Those who wait upon the Lord”. Waiting could signify passivity: being still. Waiting could also indicate action: serving. Waiting — either kind — can be nearly impossible while we are being run by our emotions. In learning to balance your emotions with wisdom, learning to wait upon the Lord in both senses of the word, you will find that your strength is renewed every day in every situation. On the other hand, operating out of emotions can be exhausting. In your Christian walk, the ability to discern seasons is vital. There are times in your life where immediate action is not only unnecessary, it can be damaging. There are situations in which your best course of action is to “be still and know that He is God” (Psalm 46:10). Allowing Him to speak to you in the midst of your storm, finding your peace in Christ when your life seems upside down may be exactly what is needed. There are times when patience is the order of the day, and waiting on the Lord to move or instruct you in the way you are to move is exactly what is needed. Sometimes the most difficult course to take is to wait and allow the Lord to direct your heart “into the love of God and the patience of Christ” (2 Thessalonians3:5). However difficult it may be, practicing waiting will serve you well. “Waiting” can also signify an action. A waitress will wait on you in your favorite restaurant. You may wait on, or serve, your family. In being able to discern the seasons of waiting passively, we must also be able to discern the seasons of waiting actively. Even in times when you might feel unsure of the next step, there are continually ways for you to serve the Lord: prayer, study, service to others being a few examples. In times when everything is going along smoothly, waiting actively on the Lord is always in order. Paul encourages young Timothy to “be diligent to show yourself approved” (2 Timothy 2:15). In learning to wait actively on the Lord, it is good advice for us as well. Applying ourselves to faithful service to the Lord (active waiting) will sustain us through times when the waiting requires patience and stillness. In our Christian walk, both kinds of “waiting” are needed: an active waiting on or serving the Lord, and likewise a passive waiting for the Lord to move on your behalf. As everything in our relationship with the Lord is a partnership or covenant, this waiting is a “two way street”. As we serve the Lord, He is moved to action on our behalf. Psalm 37:3-7 speaks to both kinds of waiting (parentheses mine): “Trust in the LORD (passive), and do good (active); Dwell in the land (passive), and feed on His faithfulness (active). Delight yourself also in the LORD, And He shall give you the desires of your heart. Commit your way to the LORD (active), Trust also in Him (passive), And He shall bring it to pass (the Lord’s action). He shall bring forth your righteousness as the light, And your justice as the noonday (the Lord’s action). Rest in the LORD (passive), and wait patiently for Him (passive)”. Tremendous and amazing results can come from this kind of waiting. Of course, the Lord in His generous and kind manner will send you opportunities to practice if you want to learn to wait! In His providence, those opportunities are already provided — it is for you to take advantage of them. Will you? Unfortunately, patience is not one of Ahasuerus’ virtues. He is motivated by his emotions, and seems to rush right into whatever comes into his mind without much forethought. Let’s return to Persia, and find out what Ahasuerus is rushing into today. After these things, when the wrath of King Ahasuerus subsided, he remembered... Esther 2:1 “After these things”…. By the beginning of chapter two, four years have passed since King Ahasuerus dethroned Queen Vashti. God was working through this Persian chronicler as he wrote this history

The American was succeeded by the pale Englishman with the inexpressive face whom Poirot had already noticed on the day before. He stood waiting very correctly. Poirot motioned to him to sit down. “You are, I understand, the valet of M. Ratchett?” “Yes, sir.” “Your name?” “Edward Henry Masterman.” “Your age?” “Thirty-nine.” “And your home address?” “21 Friar Street, Clerkenwell.” “You have heard that your master has been murdered?” “Yes, sir. A very shocking occurrence.” “Will you now tell me, please,

Get them on the space phone right now!” Cal urged. He sat up straighter and smoothed down the front of his Dorothy on the Streets, Blanche in the Sheets t-shirt.

A lobster loser’s brain chemistry differs importantly from that of a lobster winner. This is reflected in their relative postures. Whether a lobster is confident or cringing depends on the ratio of two chemicals that modulate communication between lobster neurons: serotonin and octopamine. Winning increases the ratio of the former to the latter. A lobster with high levels of serotonin and low levels of octopamine is a cocky, strutting sort of shellfish, much less likely to back down when challenged. This is because serotonin helps regulate postural flexion. A flexed lobster extends its appendages so that it can look tall and dangerous, like Clint Eastwood in a spaghetti Western. When a lobster that has just lost a battle is exposed to serotonin, it will stretch itself out, advance even on former victors, and fight longer and harder.9 The drugs prescribed to depressed human beings, which are selective serotonin reuptake inhibitors, have much the same chemical and behavioural effect. In one of the more staggering demonstrations of the evolutionary continuity of life on Earth, Prozac even cheers up lobsters.10 High serotonin/low octopamine characterizes the victor. The opposite neurochemical configuration, a high ratio of octopamine to serotonin, produces a defeated-looking, scrunched-up, inhibited, drooping, skulking sort of lobster, very likely to hang around street corners, and to vanish at the first hint of trouble. Serotonin and octopamine also regulate the tail-flick reflex, which serves to propel a lobster rapidly backwards when it needs to escape. Less provocation is necessary to trigger that reflex in a defeated lobster. You can see an echo of that in the heightened startle reflex characteristic of the soldier or battered child with post-traumatic stress disorder.

Tompkins Square Park. The Park is crowded. This is not 14th street, this is the community. There is a music phenomenon coming out of hundreds of transistor radios. There is a mamba phenomenon. There is a dog phenomenon- there are dogs in the dog run taking craps, dogs on the leash, dogs roaming free in packs. Men and girls playing handball in the fenced-in handball courts. The girls are good. They shout in Spanish. Dogs jump for the ball in the handball courts. In the benches of the park sit old Ukrainian ladies with babushkas. The old ladies have small yapping dogs on leashes. Old men play chess at tables. The old dogs of the men lie under the stone tables with their tongues hanging. On the big dirt hill in the centre of the park, a kid and a dog roll over each other. A burned-out head drifts by, barefoot with his feet red and swollen. A dog growls at him. Down the path from the old ladies in babushkas sits one blond-haired girl on the pipe fence. Four black guys surround her. One talks to her earnestly. She stares straight ahead. Her radio plays Aretha. Her dog sleeps at the end of its leash. Benches are turned over, a group of hippies huddles around the guitar, dogs streak back and forth under the bandshell with the zigzag propulsion of pinballs. Two cop cars are parked on 10th street. Mambo, mambo. A thousand radios play rock.

Frank and Joe briefly told the officer on duty they might have a lead and dashed off to their car. They soon reached New Street, where most of the old-fashioned houses had “Rooms for Rent” signs in windows. Number 49 was a large run-down mansion, set far back from the street. Frank and Joe climbed the high steps and rang the bell. A neatly dressed, middle-aged woman opened the door.

Entering college students show the same trend: in 2016, only 37% said that “becoming successful in a business of my own” was important, down from 50% in 1984 (adjusted for relative centrality). So, compared to GenX college students, iGen’ers are less likely to be drawn to entrepreneurship. These beliefs are affecting actual behavior. A Wall Street Journal analysis of Federal Reserve data found that only 3.6% of households headed by adults younger than 30 owned at least part of a private company in 2013, down from 10.6% in 1989. All the talk about the young generation being attracted to entrepreneurship turns out to be just that—talk.

The 10:00 A.M. Kodama service, Natsuko reminded herself. When she looked up again, Taichi was making his way down the street, cutting a clean path through the stream of people, straighter and faster than anyone else.

11 Downing Street was the official residence of the Chancellor of the Exchequer, the minister in charge of the British government’s finances. As the old saying had it, if you owe the bank ten thousand pounds, you have a problem; if you owe the bank ten million pounds, the bank has a problem; and if you owe the bank ten billion pounds, the Chancellor has a problem. The New Management took a drastic approach to dealing with problems—they simply went away, as did the skeletons of the people who created them—so Rupert was always at pains to keep Number Eleven briefed, ideally well in advance, about his more adventurous money-making initiatives.

Chapter 1 Super Nelson was enjoying his treat for saving the day from the Giant Chicken 5 days earlier. Super Nelson was just eating his giant 10 (Formally 20) foot long chicken leg when, with his super hearing, he heard screaming. Chapter 2 He flew over all the houses, streets and cars of the city until he saw the Robot... smashing cars and buildings! “WOW, that's a big robot!” Exclaimed Super Nelson. Indeed, it was true. The robot was the size of a 500 foot mountain! And inside that robot was a small alien, no bigger than 2 feet. “Hello puny Humans” the Alien called out. “I am Esmath and Bow down to your new master or you will get SMASHED!” “I have to fight this little guy? This is gonna be SO easy!” laughed Super Nelson But only if he has bad windows. He thought in his head. And luckily it did have bad windows. All Super Nelson did was fly over to the aliens robot and rammed into the window in front of the alien ⸺crash!⸺ and grabbed that little guy with his mouth and flew over to jail. “Like this cell? Because this is where you are going to live for the rest of your life!” All was peaceful, until Esmath's big brother arrived… in another robot. End of book 2

The seventy-one-year-old Churchill is a creature of habit, rising each morning at 7:30 in his official residence at 10 Downing Street, just a half mile up the road from the Houses of Parliament. He works in bed until 11:00, whereupon he bathes, pours a weak Johnnie Walker Red scotch and water, and then works some more.3 He sips Pol Roger champagne with lunch at 1:00 p.m. Whenever possible, this is followed by a game of backgammon with Clementine at 3:30. He takes a ninety-minute nap at 5:00 p.m. Arising, Churchill bathes a second time, works for an hour, eats a sumptuous dinner at 8:00 p.m., and smokes a post-dinner cigar with a vintage Hine brandy. After that, he goes back to his study for more work until well past midnight.

Dot supposed that they must have demolished a lot of houses both on her end and at Milson’s Point. She was not deceived by the statement in the Guide which told her that this was ‘a much-overdue slum clearance’. Dot herself came from a slum. Where did the people go when they tore down all of those little houses, she wondered. Were they living in the street, like the beggar woman with the baby? Sleeping on the beach? Banished to the bush? Who cared about them, now that everyone was hungry? Who cared about them, now

If you own a retail company, another key factor in the analysis is figuring out whether the company is nearing the end of its expansion phase—what I call the “late innings” in its ball game. When a Radio Shack or a Toys “R” Us has established itself in 10 percent of the country, it’s a far different prospect than having stores in 90 percent of the country. You have to keep track of where the future growth is coming from and when it’s likely to slow down.

But the boy Jesus seeing what he had done, became angry, and said to him, Thou fool, what harm did the lake do thee, that thou shouldest scatter the water? 3 Behold, now thou shalt wither as a tree, and shalt not bring forth either leaves, or branches, or fruit. 4 And immediately he became withered all over. 5 Then Jesus went away home. But the parents of the boy who was withered, lamenting the misfortune of his youth, took and carried him to Joseph, accusing him, and said, Why dost thou keep a son who is guilty of such actions? 6 Then Jesus at the request of all who were present did heal him, leaving only some small member to continue withered, that they might take warning. 7 Another time Jesus went forth into the street, and a boy running by, rushed upon his shoulder; 8 At which Jesus being angry, said to him, Thou shalt go no farther; 9 And he instantly fell down dead: 10 Which when some persons saw, they said, Where was this boy born, that every thing which he says presently cometh to pass? 11 Then the parents of the dead boy going to Joseph, complained, saying, You are not fit to live with us, in our city, having such a boy as that: 12 Either teach him that he bless and not curse, or else depart hence with him, for he kills our children.

Since I began teaching I’ve wanted to expand the curriculum, but my first year was mostly about surviving rather than looking critically at what I teach and why I was teaching it. American literature conjures up a strong multicultural image for me. I’ve followed Sherman Alexie’s characters on the struggle to find them themselves; I’ve explored the New Mexican desert of Rudolfo Anaya’s novels; I’ve traveled down Harlem streets with Hughes and experienced Hurston’s southern lifestyle. I imagined, when I received my first teaching assignment of American literature, that these authors would be the ones to grace my classroom. However, the way that my English 10 colleagues read the new state standards and the common assessments required by my district made it almost impossible to fit these authors into a “dead white guy” curriculum. I began to struggle through a year of teaching the curriculum as it was, feeling that I was doing a disservice to my students and my educational upbringing. I was required to stay on track with what other teachers in my grade level were doing, when they were testing, and how much time they were spending on units.

TINY CRAB CAKES 1 egg 1½ cups fresh breadcrumbs (see Note) ¼ cup finely chopped scallions (2–3 scallions) 1 tablespoon mayonnaise 1 teaspoon lemon juice (juice of about ⅙ medium lemon) ½ teaspoon Worcestershire sauce ¼ teaspoon seafood seasoning mix, such as Old Bay 8 ounces fresh lump-style crabmeat, picked over 2–3 tablespoons vegetable oil Scallion brushes for garnish (optional; see page 19) MAKES ABOUT 24 MINI CAKES (4–6 SERVINGS) 1. To make the Curry-Orange Mayo, whisk together the mayonnaise, curry powder, orange zest, orange juice, and Tabasco in a small bowl. Refrigerate for at least 2 hours or up to 3 days. When ready to serve, transfer to a pretty bowl and sprinkle with the scallions. 2. To make the crab cakes, lightly beat the egg in a large bowl. Add ¾ cup of the breadcrumbs, the scallions, mayonnaise, lemon juice, Worcestershire sauce, and seasoning mix. Stir well to blend. Add the crabmeat and mix gently, being careful not to shred the crabmeat entirely. 3. Spread the remaining ¾ cup of breadcrumbs onto a plate. Form the crab mixture into 24 cakes, using a scant tablespoon for each one, and dredge lightly in the crumbs. Arrange on a wax paper-lined baking sheet. 4. Heat 2 tablespoons of the oil in one or two large skillets over medium heat. Cook the cakes until golden brown and crisp on one side, about 2 to 2½ minutes. Flip and repeat. The cakes should be hot inside. Repeat with any remaining cakes, adding more oil as necessary. Serve immediately, or place on a foil-lined baking sheet, wrap well, and refrigerate for up to 24 hours, or freeze for up to 2 weeks. 5. If you make the cakes ahead, remove from the refrigerator or freezer 30 minutes prior to reheating. Preheat the oven to 375°F. Bake the cakes until hot and crisp, 10 to 15 minutes. 6. Arrange on a platter with the sauce for dipping, and garnish with the scallion brushes, if desired. Note: Tear 3 slices of good-quality bread into pieces and whir in a food processor to make breadcrumbs. Portland Public Market The Portland Public Market, which opened in 1998, continues Maine’s long tradition of downtown public markets, dating back to the 19th century. Housed in an award-winning brick, glass, and wood structure, the market, which was the brainchild of Maine philanthropist Elizabeth Noyce, is a food-lover’s heaven. Vendors include organic produce farms; butchers selling locally raised meat; purveyors of Maine-made cheeses, sausages, and smoked seafood; artisan bakers; and flower sellers. Prepared take-away food includes Mexican delicacies, pizza, soups, smoothies, and sandwiches, and such well-known Portland culinary stars as Sam Hayward (see page 127) and Dana Street (see page 129) have opened casual dining concessions.

The New Yorker (The New Yorker) - Clip This Article on Location 1510 | Added on Wednesday, June 10, 2015 5:42:23 PM FICTION THE DUNIAZáT BY SALMAN RUSHDIE   In the year 1195, the great philosopher Ibn Rushd, once the qadi , or judge, of Seville and most recently the personal physician to the Caliph Abu Yusuf Yaqub in his home town of Córdoba, was formally discredited and disgraced on account of his liberal ideas, which were unacceptable to the increasingly powerful Berber fanatics who were spreading like a pestilence across Arab Spain, and was sent to live in internal exile in the small village of Lucena, a village full of Jews who could no longer say they were Jews because they had been forced to convert to Islam. Ibn Rushd, a philosopher who was no longer permitted to expound his philosophy, all of whose writing had been banned and burned, felt instantly at home among the Jews who could not say they were Jews. He had been a favorite of the Caliph of the present ruling dynasty, the Almohads, but favorites go out of fashion, and Abu Yusuf Yaqub had allowed the fanatics to push the great commentator on Aristotle out of town. The philosopher who could not speak his philosophy lived on a narrow unpaved street in a humble house with small windows and was terribly oppressed by the absence of light. He set up a medical practice in Lucena, and his status as the ex-physician of the Caliph himself brought him patients; in addition, he used what assets he had to enter modestly into the horse trade, and also financed the making of tinajas , the large earthenware vessels, in which the Jews who were no longer Jews stored and sold olive oil and wine. One day soon after the beginning of his exile, a girl of perhaps sixteen summers appeared outside his door, smiling gently, not knocking or intruding on his thoughts in any way, and simply stood there waiting patiently until he became aware of her presence and invited her in. She told him that she was newly orphaned, that she had no source of income, but preferred not to work in the whorehouse, and that her name was Dunia, which did not sound like a Jewish name because she was not allowed to speak her Jewish name, and, because she was illiterate, she could not write it down. She told him that a traveller had suggested the name and said it was Greek and meant “the world,” and she had liked that idea. Ibn Rushd, the translator of Aristotle, did not quibble with her, knowing that it meant “the world” in enough tongues to make pedantry unnecessary. “Why have you named yourself after the world?” he asked her, and she replied, looking him in the eye as she spoke, “Because a world will flow from me and those who flow from me will spread across the world.” Being a man of reason, Ibn Rushd did not guess that the girl was a supernatural creature, a jinnia, of the tribe of female jinn: a grand princess of that tribe, on an earthly adventure, pursuing her fascination with human men in general and brilliant ones in particular.

George, please sit down,” Luke said. “Visit a while.” “Thanks, don’t mind if I do.” George pulled a chair over from an empty table and sat right beside Maureen so that she was sandwiched between himself and Art. “What brings you back to town so soon?” he asked her. “I’m, ah, visiting.” “Fantastic,” he said. “A long visit, I hope.” Luke took his seat, chuckling as he did so. “I have a brother here right now—Sean. You might remember him as my best man. He just discovered he has a young daughter in the area. Mom is visiting us and getting to know her first granddaughter, Rosie, three and a half and smart as a whip.” “How wonderful!” George said enthusiastically. “You must be having the time of your life!” Maureen lifted a thin brow, wary of his reaction. “I am enjoying her, yes.” “First one? I suppose before too much longer the other boys will be adding to the flock.” “Only the married ones, I hope,” Maureen said. “Do you have grandchildren, Mr. Davenport?” “Oh, let’s not be so formal—I’m George. Only step-grandchildren. I had no children of my own, in fact. Noah’s the closest thing to a son I’ve ever had, but I started out as his teacher. I’m a professor at Seattle Pacific University. I’ve known him quite a few years now. I’m here to be his best man on Friday night. I hope you’re all coming to the wedding.” “Wouldn’t miss it,” Luke said, grabbing Shelby’s hand. “And…Maureen?” George asked pointedly. “I’m not sure,” she said evasively. “Well, try to come,” he said. “These Virgin River people know how to have a good time. In fact, I have an idea. Once I have my best-man duties out of the way, I suggest we go to dinner. I’ll take you someplace nice in one of the coast towns, though it’ll be hard to improve on Preacher’s cooking. But we deserve some time away from all these young people, don’t you think?” “Excuse me, George?” she asked. “I assume you were married?” “Twice, as a matter of fact. Divorced a long time ago and, more recently, widowed. My wife died a few years ago. Maybe we should pick an evening and exchange phone numbers,” he suggested. “That’s very nice of you, but no. I don’t go out with men.” “Really?” he asked, surprised by her immediate refusal. “And why is that?” “I’m a widow,” she said. “A single woman.” “What a coincidence. And I’m a single man. I’m all for free thinking, but I wouldn’t ask you to dinner were I married. Are you recently widowed?” Out of the corner of his eye, George saw Luke snicker and look away. “Yes,” Maureen said. “Oh, I’m sorry,” he said. “I was under the impression it had been years. When did you lose your husband, Maureen?” She looked a bit shocked to be put on the spot like that. It was apparent she was trying to gather her wits. She put out her hand. “It was so nice to see you again, Mr….George. I’m glad you sat and visited awhile. Maybe I’ll see you at the wedding this weekend if I’m not needed for anything else. I should probably get on the road—I have to drive to Eureka.” She stood and George did, as well. “Eureka? You’re not staying here in Virgin River with your son?” “I’m staying with a friend just down the street from my granddaughter so I’m free to pick her up after preschool. We spend most afternoons together. Really, nice seeing you.” She turned to Luke. “I’m going to head back to Viv’s, Luke. Good night, Shelby. ’Night, Art. Thanks for dinner, it was great as usual.” “Wonderful seeing you, too,” George said. “Try to come to Noah’s wedding. I guarantee you’ll enjoy yourself.” Luke

My son, hear thy father’s instruction, and forsake not thy mother’s teaching. 9 For they shall be a comely ornament unto thine head, and as chains for thy neck. 10 My son, if sinners do entice thee, consent thou not. 11 If they say, Come with us, we will lay wait for blood, and lie privily for the innocent without a cause: 12 We will swallow them up alive like a grave even whole, as those that go down into the pit: 13 We shall find all precious riches, and fill our houses with spoil: 14 Cast in thy lot among us: we will all have one purse: 15 My son, walk not thou in the way with them: refrain thy foot from their path. 16 For their feet run to evil, and make haste to shed blood. 17 Certainly as without cause the net is spread before the eyes of all that hath wing: 18 So they lay wait for blood and lie privily for their lives. 19 Such are the ways of everyone that is greedy of gain: he would take away the life of the owners thereof. 20 Wisdom crieth without: she uttereth her voice in the streets. 21 She calleth in the high street, among the prease in the enterings of the gates, and uttereth her words in the city, saying, 22 O ye foolish, how long will ye love foolishness? and the scornful take their pleasure in scorning, and the fools hate knowledge? 23 (Turn you at my correction: lo, I will pour out my mind unto you, and make you understand my words) 24 Because I have called, and ye refused: I have stretched out mine hand, and none would regard. 25 But ye have despised all my counsel, and would none of my correction. 26 I will also laugh at your destruction, and mock, when your fear cometh. 27 When your fear cometh like sudden desolation, and your destruction shall come like a whirlwind: when affliction and anguish shall come upon you, 28 Then shall they call upon me, but I will not answer: they shall seek me early, but they shall not find me, 29 Because they hated knowledge, and did not choose the fear of the Lord. 30 They would none of my counsel, but despised all my correction. 31 Therefore shall they eat of ye fruit of their own way, and be filled with their own devices. 32 For ease slayeth the foolish, and the prosperity of fools destroyeth them. 33 But he that obeyeth me, shall dwell safely, and be quiet from fear of evil.

Churchill is a creature of habit, rising each morning at 7:30 in his official residence at 10 Downing Street, just a half mile up the road from the Houses of Parliament. He works in bed until 11:00, whereupon he bathes, pours a weak Johnnie Walker Red scotch and water, and then works some more.3 He sips Pol Roger champagne with lunch at 1:00 p.m. Whenever possible, this is followed by a game of backgammon with Clementine at 3:30. He takes a ninety-minute nap at 5:00 p.m. Arising, Churchill bathes a second time, works for an hour, eats a sumptuous dinner at 8:00 p.m., and smokes a post-dinner cigar with a vintage Hine brandy. After that, he goes back to his study for more work until well past midnight. Unless

And McKinsey never really left the building. A decade later, when John Birt, then director-general of the BBC, stepped down from his job, McKinsey brought him on as a part-time consultant. In 2005 Birt severed all ties with the firm after critics suggested that working for 10 Downing Street in London and McKinsey posed a conflict of interest—as if hiring him shortly after extracting millions of pounds out of the BBC hadn’t been. Birt’s replacement at the BBC’s helm—Greg Dyke—immediately slashed spending on outside consultants by 75 percent.

Nate, what's that? Over there, someone's running. Come see." Sure enough, way off in the distance, a kid. He looked a little younger than us. Running criss-cross through the streets, looking like a kick returner zagging upfield. Dozens of zombies followed, desperate to tackle him. Chapter 10 – Uninvited Guests for Dinner I grabbed the binoculars to get a better look. The kid was all decked out with a backpack and some sort of protective face shield, almost like a welder might wear. He dragged a weed sprayer in one hand and an old rake in the other. "That kid's in trouble. Just about every zombie in town is on his rear." He seemed to have a plan. Running with purpose, only shooting zombies in his path. He must have had some strong stuff—a trail of flaming zombies lay in his wake. "Is he coming this way?" "No. I think he's headed east, the bridge maybe?" Dropping the binoculars, I headed down the ladder. "Come on. He'll get cornered at the bridge.

The address of the Tip O'Neill building is 10 Causeway Street. It may be torn down soon, because it is one of the most wonderfully unsightly buildings ever constructed. In the eighties they blew up a grand hotel that had gone seedy, and in its place they built this shrine to Congressman Tip O'Neill. It houses all the federal offices - the office of Social Security, and the Firearms Legitimization Bureau, the Bioshock Informant Management Corps, and the Soy Protein Tax Credit Administration, and the Federal Security Corn Slab Ektachrome Mediocrity Desk, plus another twelve important outposts of American impotence. And it has wireless Internet.

AM: My father had arrived in New York all alone, from the middle of Poland, before his seventh birthday… He arrived in New York, his parents were too busy to pick him up at Castle Garden and sent his next eldest brother Abe, going on 10, to find him, get him through immigration and bring him home to Stanton Street and the tenement where in two rooms the eight of them lived and worked, sewing the great long, many-buttoned cloaks that were the fashion then. They sent him to school for about six months, figuring he had enough. He never learned how to spell, he never learned how to figure. Then he went right back into the shop. By the time he was 12 he was employing two other boys to sew sleeves on coats alongside him in some basement workshop. KM: He went on the road when he was about 16 I think… selling clothes at a wholesale level. AM: He ended up being the support of the entire family because he started the business in 1921 or something. The Miltex Coat Company, which turned out to be one of the largest manufacturers in this country. See we lived in Manhattan then, on 110th Street facing the Park. It was beautiful apartment up on the sixth floor. KM: We had a chauffeur driven car. The family was wealthy. AM: It was the twenties and I remember our mother and father going to a show every weekend. And coming back Sunday morning and she would be playing the sheet music of the musicals. JM: It was an arranged marriage. But a woman of her ability to be married off to a man who couldn’t read or write… I think Gussie taught him how to read and to sign his name. AM: She knew she was being wasted, I think. But she respected him a lot. And that made up for a little. Until he really crashed, economically. And then she got angry with him. First the chauffeur was let go, then the summer bungalow was discarded, the last of her jewellery had to be pawned or sold. And then another step down - the move to Brooklyn. Not just in the case of my father but every boy I knew. I used to pal around with half a dozen guys and all their fathers were simply blown out of the water. I could not avoid awareness of my mother’s anger at this waning of his powers. A certain sneering contempt for him that filtered through her voice. RM: So how did the way you saw your father change when he lost his money? AM: Terrible… pity for him. Because so much of his authority sprang from the fact that he was a very successful businessman. And he always knew what he as doing. And suddenly: nothin’. He didn’t know where he was. It was absolutely not his fault, it was the Great Crash of the ‘29, ‘30, ‘31 period. So from that I always, I think, contracted the idea that we’re very deeply immersed in political and economic life of the country, of the world. And that these forces end up in the bedroom and they end up in the father and son and father and daughter arrangements. In Death of a Salesman what I was interested in there was what his world and what his life had left him with. What that had done to him? Y’know a guy can’t make a living, he loses his dignity. He loses his male force. And so you tend to make up for it by telling him he's OK anyway. Or else you turn your back on him and leave. All of which helps create integrated plays, incidentally. Where you begin to look: well, its a personality here but what part is being played by impersonal forces?

El número 10 de Downing Street, el Palazzo Chigi, la Cancillería Federal, el hotel Matignon y el palacete adjunto al palacio de São Bento no sólo están en el corazón de Londres, Roma, Berlín, París y Lisboa, sino que ordenan la ciudad en torno a sí, justificando su condición de capital. Madrid es la única metrópoli europea con un gobierno en el exilio. El único poder a la vista son los ministerios, sobre todo los nuevos de la Castellana. Por eso el poder no se expresa en España con la épica de Shakespeare, sino con la miseria pícara de un covachuelista de Galdós. Mientras un primer ministro inglés o un canciller alemán ven desde sus ventanas un trozo de ciudad, un presidente del gobierno español sólo ve pinos. Su residencia está escondida incluso dentro del recinto de la Moncloa: es el último edificio, al fondo de todo, donde no llegan las visitas.

John Allen Paulos, in his book, A Mathematician Plays the Stock Market, reveals the highest correlation ever found to the S&P 500: It was the amount of butter produced in the country of Bangladesh. Apparently, between 1983 and 1993, when butter production was up 1 percent, the S&P 500 was up 2 percent the next year. Conversely, if butter production was down 10 percent, you could predict the S&P 500 would be down 20 percent.

You can disagree in a conversation—you can disagree very strongly—but you must be courteous.” Angus thought about this. She was right. That was why our national conversation was so bad. Courtesy had been abandoned in favour of the put-down, the attack, the calculated sound bite. What sort of national conversation was that? The answer came to him immediately: none.

In 1982 the British Prime Minister and leader of the Conservative Party, Margaret Thatcher, hosted a seminar at 10 Downing Street for designers and their advocates. She subsequently ‘wrote’ an article for Design in which she stated: ‘The profit potential of product design and development is considerable. Designers themselves should be more aggressive in selling themselves to industry as wealth creators’ (Thatcher, quoted in Whitely 1991: 196). In 1983, the UK’s Design Council launched its ‘Design for Profit’ slogan. Its 1986 Profit by Design pamphlet echoed Thatcher’s views, starkly pointing out that, ‘the design process is a planning exercise to maximize sales and profits’ (Design Council, quoted in Whitely 1991: 196).

And the Tory Party. That’s why I said I felt trouble was brewing. Arthur Balfour is attempting to sit on the fence, but that won’t do him much good. He may well find himself out of 10 Downing Street sooner than he expects.

Boris & Co must have downed so much beer at that party at Number 10 beer-Downing Street.

No wonder she dated Asher. They probably did weirdly specific things together at weirdly specific times. Coffee at exactly 7:03 a.m. Double-toasted cinnamon raisin bagels with extra cream cheese at 8:26 a.m. Hot yoga at 10:17 a.m. Avocado toast and aragula salad at 1:34 p.m. Dinner at that vegan place down the street at 7:35 p.m. Sex at 9:48 p.m. Everyone loves a well-planned kink, right? ''I'm scheduling you at eleven o'clock, baby. You know what happens if you're late''.

down. ‘Good evening,’ he said innocently. ‘Just checking why you’re parked here at 10.30 p.m. on a Saturday night,’ the security guard said suspiciously, eyeing our baby wipes in the middle of the seats. ‘We’re just out for a drive,’ Dan replied. ‘Seeing the sights.’ ‘Round ’ere? Good luck finding them,’ he scoffed, taking a cigarette from the pocket of his shirt. ‘Not to worry, mate. Drive on. Just checking you’re not up to no good.’ He winked, slapping the side of the van as he walked back to his post. Dan started the knackered engine of the scruffy Volkswagen. ‘Let’s get all this food back to the fridge at the kitchen. We can sort through it in the morning,’ he said. His hand brushed mine as I reached over to turn the radio on, and he changed gear. ‘Sorry,’ we mumbled at the same time, but I couldn’t ignore the rush of excitement I felt when our skin touched. I averted my eyes from Dan to the window and watched his reflection in the driver’s seat as we trundled through the dark streets. ‘You survived your first dumpster diving trip then,’ Dan said, breaking the tension between us. ‘It appears so,’ I agreed. ‘I don’t suppose you’re free tomorrow afternoon, after work, are you?’ My stomach did a teeny flip.

One day, meandering through the bookcases, I had picked up his diaries and begun to read the account of his famous meeting with Hitler prior to Munich, at the house in Berchtesgaden high up in the Bavarian mountains. Chamberlain described how, after greeting him, Hitler took him up to the top of the chalet. There was a room, bare except for three plain wooden chairs, one for each of them and the interpreter. He recounts how Hitler alternated between reason – complaining of the Versailles Treaty and its injustice – and angry ranting, almost screaming about the Czechs, the Poles, the Jews, the enemies of Germany. Chamberlain came away convinced that he had met a madman, someone who had real capacity to do evil. This is what intrigued me. We are taught that Chamberlain was a dupe; a fool, taken in by Hitler’s charm. He wasn’t. He was entirely alive to his badness. I tried to imagine being him, thinking like him. He knows this man is wicked; but he cannot know how far it might extend. Provoked, think of the damage he will do. So, instead of provoking him, contain him. Germany will come to its senses, time will move on and, with luck, so will Herr Hitler. Seen in this way, Munich was not the product of a leader gulled, but of a leader looking for a tactic to postpone, to push back in time, in hope of circumstances changing. Above all, it was the product of a leader with a paramount and overwhelming desire to avoid the blood, mourning and misery of war. Probably after Munich, the relief was too great, and hubristically, he allowed it to be a moment that seemed strategic not tactical. But easy to do. As Chamberlain wound his way back from the airport after signing the Munich Agreement – the fateful paper brandished and (little did he realise) his place in history with it – crowds lined the street to welcome him as a hero. That night in Downing Street, in the era long before the security gates arrived and people could still go up and down as they pleased, the crowds thronged outside the window of Number 10, shouting his name, cheering him, until he was forced in the early hours of the morning to go out and speak to them in order that they disperse. Chamberlain was a good man, driven by good motives. So what was the error? The mistake was in not recognising the fundamental question. And here is the difficulty of leadership: first you have to be able to identify that fundamental question. That sounds daft – surely it is obvious; but analyse the situation for a moment and it isn’t. You might think the question was: can Hitler be contained? That’s what Chamberlain thought. And, on balance, he thought he could. And rationally, Chamberlain should have been right. Hitler had annexed Austria and Czechoslovakia. He was supreme in Germany. Why not be satisfied? How crazy to step over the line and make war inevitable.

One day, meandering through the bookcases, I had picked up his diaries and begun to read the account of his famous meeting with Hitler prior to Munich, at the house in Berchtesgaden high up in the Bavarian mountains. Chamberlain described how, after greeting him, Hitler took him up to the top of the chalet. There was a room, bare except for three plain wooden chairs, one for each of them and the interpreter. He recounts how Hitler alternated between reason – complaining of the Versailles Treaty and its injustice – and angry ranting, almost screaming about the Czechs, the Poles, the Jews, the enemies of Germany. Chamberlain came away convinced that he had met a madman, someone who had real capacity to do evil. This is what intrigued me. We are taught that Chamberlain was a dupe; a fool, taken in by Hitler’s charm. He wasn’t. He was entirely alive to his badness. I tried to imagine being him, thinking like him. He knows this man is wicked; but he cannot know how far it might extend. Provoked, think of the damage he will do. So, instead of provoking him, contain him. Germany will come to its senses, time will move on and, with luck, so will Herr Hitler. Seen in this way, Munich was not the product of a leader gulled, but of a leader looking for a tactic to postpone, to push back in time, in hope of circumstances changing. Above all, it was the product of a leader with a paramount and overwhelming desire to avoid the blood, mourning and misery of war. Probably after Munich, the relief was too great, and hubristically, he allowed it to be a moment that seemed strategic not tactical. But easy to do. As Chamberlain wound his way back from the airport after signing the Munich Agreement – the fateful paper brandished and (little did he realise) his place in history with it – crowds lined the street to welcome him as a hero. That night in Downing Street, in the era long before the security gates arrived and people could still go up and down as they pleased, the crowds thronged outside the window of Number 10, shouting his name, cheering him, until he was forced in the early hours of the morning to go out and speak to them in order that they disperse. Chamberlain was a good man, driven by good motives. So what was the error? The mistake was in not recognising the fundamental question. And here is the difficulty of leadership: first you have to be able to identify that fundamental question. That sounds daft – surely it is obvious; but analyse the situation for a moment and it isn’t. You might think the question was: can Hitler be contained? That’s what Chamberlain thought. And, on balance, he thought he could. And rationally, Chamberlain should have been right. Hitler had annexed Austria and Czechoslovakia. He was supreme in Germany. Why not be satisfied? How crazy to step over the line and make war inevitable. But that wasn’t the fundamental question. The fundamental question was: does fascism represent a force that is so strong and rooted that it has to be uprooted and destroyed? Put like that, the confrontation was indeed inevitable. The only consequential question was when and how. In other words, Chamberlain took a narrow and segmented view – Hitler was a leader, Germany a country, 1938 a moment in time: could he be contained? Actually, Hitler was the product

One of the many ways of contesting level-zero, and one of the best, is to take photographs, an activity in which one should start becoming an adept very early in life, teach it to children since it requires discipline, aesthetic education, a good eye and steady fingers. I’m not talking about waylaying the lie like any old reporter, snapping the stupid silhouette of the VIP leaving number 10 Downing Street, but in all ways when one is walking about with a camera, one has almost a duty to be attentive, to not lose that abrupt and happy rebound of sun’s rays off an old stone, or the pigtails-flying run of a small girl going home with a loaf of bread or a bottle of milk.

I visualized opening accounts as planting acorns in the hope of getting a crop of oak trees. Only these were strange acorns. They could lie dormant for months or years, perhaps forever; but once in a while, at random, a mighty tree of money would explode out of the ground. Was this “farm” worth operating? Our hundreds of accounts took capital away from other investments. Paid low interest rates on our passbooks and certificates of deposit (CDs), we sacrificed an expected 10 to 15 percent differential to maintain our accounts. We also had expenses and the so-called opportunity cost. Fortunately, Judy McCoy in my office managed the project competently and efficiently. The harvest from our crop of S&L accounts sometimes netted a million dollars in a year. The game has slowly wound down over the last two decades. Mutual S&Ls have converted, leaving fewer opportunities. The gain has also diminished because more people have opened accounts, thus spreading the profits among more players. Investors also have posted larger balances in CDs, savings accounts, and checking accounts in the hope of being allocated more shares in a future conversion. Tying up more capital increases the cost to stay in the game. Our profits have been dwindling. Currently we’re keeping our old accounts but are spending less effort in trying to open new ones. Even so, a quarter of a century after we began opening accounts, 2014 was a good year.

That was because of the uptick rule. The rule was part of the Securities Exchange Act of 1934 (rule 10a-1). It specified that, with certain exceptions, short-sale transactions are allowed only at a price higher than the last previous different price (an “uptick”). This rule was supposed to prevent short sellers from deliberately driving down the price of a stock. Seeing an enormous profit potential from capturing the unprecedented spread between the futures and the index, I wanted to sell stocks short and buy index futures to capture the excess spread. The index was selling at 15 percent, or 30 points, over the futures. The potential profit in an arbitrage was 15 percent in a few days. But with prices collapsing, upticks were scarce. What to do? I figured out a solution. I called our head trader, who as a minor general partner was highly compensated from his share of our fees, and gave him this order: Buy $5 million worth of index futures at whatever the current market price happened to be (about 190), and place orders to sell short at the market, with the index then trading at about 220, not $5 million worth of assorted stocks—which was the optimal amount to best hedge the futures—but $10 million. I chose twice as much stock as I wanted, guessing only about half would actually be shorted because of the scarcity of the required upticks, thus giving me the proper hedge. If substantially more or less stock was sold short, the hedge would not be as good but the 15 percent profit cushion gave us a wide band of protection against loss.

According to Roger Ibbotson, who has spent a lifetime measuring returns from alternative portfolios, more than 90 percent of an investor’s total return is determined by the asset categories that are selected and their overall proportional representation. Less than 10 percent of investment success is determined by the specific stocks or mutual funds that an individual chooses.

1. His back is full of knives. Notes are brittle around the blades. 2. He sleeps face down every night in a chalk outline of himself. 3. He has difficulties with metal detectors. 4. At birthday parties, someone might politely ask, may I borrow one of those knives to slice this chocolate cake? 5. He likes to stand with his back to walls. At restaurants, he likes the corner tables. 6. There is a detective who calls to ask him about the brittle notes. Also: a biographer, a woman who'd like to film a documentary, a curator of a museum, his mother. I can't read them, he says. They're on my back. 7. It would be a mistake for anyone to assume he wants the knives removed. 8. Most of the brittle notes are illegible. One of them, even, is written in French. 9. Every Halloween, he goes as a victim of a brutal stabbing. Once he tried going as a whale, but it was a hassle explaining away the knives. 10. He always wears the same bloody suit. 11. When he walks, he sounds like a tree still full of dead leaves holding on. 12. It is ok for children to count on his knives, but not to climb on them. 13. He saw his own shadow in a park. He moved his body to make the knives reach other people's shadows. He did it all evening. In the shadows, his knives looked like soft outstretched arms. 14. His back is running out of space. 15. On a trip to Paris, he fell in love and ended up staying for a few years. He got a job performing on the street with the country's best mimes. 16. The knives are what hold him together. It is the notes that are slowly killing him. 17. He is difficult to hold when he cries. 18. He will be very old when he dies and the Doctor will say, he was obviously stabbed, brutally and repeatedly. I'm sorry, the Doctor will say to a person in the room, but he's not going to make it.

September 3 to 10, and 21 to 28. These periods are the most important of any in the year, especially for Tops, or final highs in a Bull Market, as more highs have occurred in September than any other month. Some minor changes, both up and down, have occurred around these dates.

Le Pen’s recipe for success was closely watched by fearful French democrats as well as by his emulators abroad. The FN focused intensely on the immigrant issue, and its ramifying related issues of employment, law and order, and cultural defense. It managed to bundle together a variety of constituencies and positioned itself to become a broad catch-all party of protest. It refrained from appearing to threaten democracy directly. When it won control of three important cities in southern France in 1995 and another in 1997, as well as 273 seats in regional legislatures in 1998, it acquired a capacity to reward its militants with office and force mainstream parties to treat with it. While there seemed little likelihood of its winning a national majority, the FN forced mainstream conservative parties to adopt some of its positions in order to hold on to crucial voters. The FN’s strategic leverage became so important in some southern and eastern localities that some conservatives with narrow margins allied with it in the local elections of 1995 and 2001 as the only way to defeat the Left. These successes at bundling constituencies, gratifying the ambitious, and forcing mainstream politicians into alliances moved the FN firmly into the process of taking root—Stage Two. In December 1998, however, a quarrel between Le Pen and his heir apparent, Bruno Mégret, divided the movement and drove its vote back down below 10 percent. Despite this setback, Le Pen rode a groundswell of resentment against immigrants, street crime, and globalization back to a shocking second-place 17 percent in the first round of the presidential elections of April 2002. In the runoff with incumbent president Jacques Chirac, however, Le Pen was held to 19 percent by a groundswell of French revulsion

Two thousand Jews, for example, lived in and around the small town of Tykocin, northwest of Warsaw on the road to Bialystok in eastern Poland, worshiping in a square, fortified synagogue with a turreted tower and a red mansard roof, built in 1642, more than a century after Jewish settlement began in the region. Lush farm country surrounds Tykocin: wheat fields, prosperous villages, cattle in the fields, black-and-white storks brooding wide, flat nests on the chimneys of lucky houses. Each village maintains a forest, a dense oval stand of perhaps forty acres of red-barked pines harvested for firewood and house and barn construction. Inside the forests, even in the heat of summer, the air is cool and heady with pine; wild strawberries, small and sweet, strew the forest floor. Police Battalions 309 and 316, based in Bialystok, invaded Tykocin on 5 August 1941. They drove Jewish men, women and children screaming from their homes, killed laggards in the streets, loaded the living onto trucks and jarred them down a potholed, winding dirt road past the storks and the cattle to the Lopuchowo village forest two miles southwest. In the center of the Lopuchowo forest, men dug pits, piling up the sandy yellow soil, and then Police Battalions 309 and 316, out for the morning on excursion from Bialystok, murdered the Jews of Tykocin, man, woman and child. For months the forest buzzed and stank of death. (Twenty miles northwest of Tykocin in the village of Jedwabne, Polish villagers themselves, with German encouragement, had murdered their Jewish neighbors on 10 July 1941 by driving them into a barn and burning them alive, a massacre examined in Jan T. Gross’s book Neighbors.)

Labor also dominates stories of elite income at the next rung down. Although only three hedge fund managers took home over $1 billion in 2017, more than twenty-five took home $100 million or more, and $10 million incomes are so common that they do not make the papers. Even only modestly elite finance workers now receive huge paydays. According to one survey, a portfolio manager at a midsized hedge fund makes on average $2.4 million, and average Wall Street bonuses exploded from roughly $14,000 in 1985 to more than $180,000 in 2017, a year in which the average total salary for New York City’s 175,000 securities industry workers reached over $420,000. These sums reflect the fact that a typical investment bank disburses roughly half of its revenues after interest paid to its professional workers (making it a better three decades to be an elite banker than to be an owner of bank stocks). Elite managers in the real economy also do well. CEO incomes—the wages paid to top managerial labor—regularly reach seven figures; indeed, the average 2017 income of the CEO of an S&P 500 company was nearly $14 million. In a typical recent year the total compensation paid to the five highest-paid employees of each S&P 1500 firm (7,500 workers overall) might amount to 10 percent of S&P 1500 firms’ collective profits. These workers do not own the assets—the portfolios or the companies—that they manage. Their incomes constitute wages paid for managerial labor rather than a return on invested capital. The enormous paydays reflect what prominent business analysts recently called a war between talent and capital—a war that talent is winning.

When I ask consumers (as I frequently do) what they do with their ‘old’ clothes – I use the term ‘old’ with caution – their answers are upbeat and cheerily green: ‘I recycle them,’ or ‘I donate them to a charity.’ We have a tendency to overvalue or talk up the items that we give away: people will remark on how they’ve given up a ‘very good skirt’ or a ‘top quality piece’. They appear to expect to be walking down the street the following Thursday and to see their skirt or jacket occupying pride of place on the central mannequin in the window of their local charity shop. This is highly unlikely: only around 10 per cent412 of UK donations, the ‘cream’, will actually be retailed through the shops (these make up the most valuable donations to the charities). Most are likely to be found somewhere on a 10,000-mile journey. We are back to salaula.

their shoulders. He did not notice Frank and Joe. The suspect was looking intently at some papers in his hand as he went to the elevators and pushed a button for an ascending car. He was going to a higher floor “Shall we follow him?” Joe whispered. “Too risky. Let’s go down and wait in the lobby, then take up the trail again.” After Chris had gone up, the boys took a Down car. On the ground floor they watched each descending elevator. After half an hour had passed, their patience was rewarded. Amid a carload of businessmen, they saw the burly form of the big blond man towering above all the others. “Come on!” Frank whispered to Joe as Chris moved toward the street doors. Again the chase was resumed in the crowded street. For several blocks Chris maintained a straight course. Then he swung around a corner and stalked down a side street. The sleuths hurried after their quarry and saw him dip beneath a restaurant sign below street level. “Oh—oh!” Joe muttered. “If we follow him in there, he can’t miss us.” “Let’s see if there are many customers inside,” Frank suggested. “If so, we just might be able to get away with it. Could be he’s meeting someone there.” Frank went down the steps leading to the restaurant and made a quick survey of the place through the door.

In Tsai's go‐go years, high‐flying stocks with​ positive momentum were all the rage. Polaroid, Xerox, IBM all traded at price‐to‐earnings ratios of more than 50. These expensive stocks were supported by explosively high growth rates. From 1964 to 1968, IBM, Polaroid, and Xerox grew their earnings per share at 88%, 22%, and 171%, respectively. Others like University Computing, Mohawk Data, and Fairchild Camera traded at several‐hundred times their trailing 12‐month earnings. The latter three and many others like them would go on to lose more than 80% in the 1969–1970 bear market. The Manhattan Fund was up almost 40% in 1967, more than double the Dow. But in 1968, he was down 7% and was ranked 299th out of 305 funds tracked by Arthur Lipper.16 When the market crash came, the people responsible were entirely unprepared. By 1969, half of the salesmen on Wall Street had only come into the business since 196217 and had seen nothing but a rising market. And when stocks turned, the highfliers that went up the fastest also came down the fastest. For example, National Student Marketing, which Tsai bought 122,000 shares for $5 million, crashed from $143 in December 1969 to $3.50 in July 1970.18 Between September and November 1929, $30 billion worth of stock value vanished; in the1969‐1970 crash, the loss was $300 billion!19 The gunslingers of the 1960s were thinking only about return and paid little attention to risk. This carefree attitude was a result of the market they were playing in. From 1950 through the end of 1965, the Dow was within 5% of its highs 66% of the time, and within 10% of its highs 87% of the time. There was virtually no turbulence at all. From 1950 to 1965, the only bear market was “The Kennedy Slide,” which chopped 27% off the S&P 500, and recovered in just over a year.

February led to excited calls for war in the press, the monthly journal of the International Association of Machinists agreed it was a terrible disaster, but it noted that the deaths of workers in industrial accidents drew no such national clamor. It pointed to the Lattimer Massacre of September 10, 1897, during a coal strike in Pennsylvania. Miners marching on a highway to the Lattimer mine—Austrians, Hungarians, Italians, Germans—who had originally been imported as strikebreakers but then organized themselves, refused to disperse, whereupon the sheriff and his deputies opened fire, killing nineteen of them, most shot in the back, with no outcry in the press. The labor journal said that the . . . carnival of carnage that takes place every day, month and year in the realm of industry, the thousands of useful lives that are annually sacrificed to the Moloch of greed, the blood tribute paid by labor to capitalism, brings forth no shout for vengeance and reparation. . . . Death comes in thousands of instances in mill and mine, claims his victims, and no popular uproar is heard. The official organ of the Connecticut AFL, The Craftsman, also warned about the hysteria worked up by the sinking of the Maine: A gigantic . . . and cunningly-devised scheme is being worked ostensibly to place the United States in the front rank as a naval and military power. The real reason is that the capitalists will have the whole thing and, when any workingmen dare to ask for the living wage . . . they will be shot down like dogs in the streets.

On 14 September 1869, one hundred years after his birth, Alexander von Humboldt’s centennial was celebrated across the world. There were parties in Europe, Africa and Australia as well as the Americas. In Melbourne and Adelaide people came together to listen to speeches in honour of Humboldt, as did groups in Buenos Aires and Mexico City. There were festivities in Moscow where Humboldt was called the ‘Shakespeare of sciences’, and in Alexandria in Egypt where guests partied under a sky illuminated with fireworks. The greatest commemorations were in the United States, where from San Francisco to Philadelphia, and from Chicago to Charleston, the nation saw street parades, sumptuous dinners and concerts. In Cleveland some 8,000 people took to the streets and in Syracuse another 15,000 joined a march that was more than a mile long. President Ulysses Grant attended the Humboldt celebrations in Pittsburgh together with 10,000 revellers who brought the city to a standstill. In New York City the cobbled streets were lined with flags. City Hall was veiled in banners, and entire houses had vanished behind huge posters bearing Humboldt’s face. Even the ships sailing by, out on the Hudson River, were garlanded in colourful bunting. In the morning thousands of people followed ten music bands, marching from the Bowery and along Broadway to Central Park to honour a man ‘whose fame no nation can claim’ as the New York Times’s front page reported. By early afternoon, 25,000 onlookers had assembled in Central Park to listen to the speeches as a large bronze bust of Humboldt was unveiled. In the evening as darkness settled, a torchlight procession of 15,000 people set out along the streets, walking beneath colourful Chinese lanterns. Let us imagine him, one speaker said, ‘as standing on the Andes’ with his mind soaring above all. Every speech across the world emphasized that Humboldt had seen an ‘inner correlation’ between all aspects of nature. In Boston, Emerson told the city’s grandees that Humboldt was ‘one of those wonders of the world’. His fame, the Daily News in London reported, was ‘in some sort bound up with the universe itself’. In Germany there were festivities in Cologne, Hamburg, Dresden, Frankfurt and many other cities. The greatest German celebrations were in Berlin, Humboldt’s hometown, where despite torrential rain 80,000 people assembled. The authorities had ordered offices and all government agencies to close for the day. As the rain poured down and gusts chilled the air, the speeches and singing nonetheless continued for hours.

Do You Realize? *** My question is to the World and States and Nations that, would you recognize, accept, and allow on the ground of freedom and human rights; If I set up a fake The United Nations If I organize a bogus The White House If I fabricate a fictitious 10 Downing Street If I establish a counterfeit, The Moscow Kremlin If I institute a false The European Union If I build up an illegitimate the Roman Catholic Church If I create such other phony institutions for deceiving and fooling all the genuine ones? Sure, your answer will be as it is impossible, such an answer carries authentic logic, but why then mostly entire Europe, the United States, and Canada stay silent on the matter of a fake Mirza Ghulam Ahmadi Qadiyani as Jesus and his followers who claim themselves as real Muslims and they build Mosques to falsify and deceive the real Muslims. Factually, they are neither Muslim nor Christian nor a sect of these two recognized religions; they are just a false religious gang for their evil practices and motives. The States and Nations of the world should ban that religious termite, and stop them from misuse of true Islam, and creating Mosques to fool the Muslims. The world should take action and decide regardless of the political privileges and needs for their power before the fake Jesus ride on the minds of the Christians since he is neither real Jesus of Christians nor Muslims

Photographs from Distant Places (1) In distant villages, You always see the same scenes: Farms Cattle Worship spaces Small local shops. Just basic the things humans need To endure life. (2) ‘Can you stay with me forever?’ She asked him in the airport, While hugging him tightly in her arms. ‘Sorry, I can’t. My flight leaves in two hours and a half.’ He responded with an artificially caring voice, As he kissed her on her right cheek. (3) I was walking in one of Bucharest’s old streets, In a neighborhood that looked harshly beaten by Time, And severely damaged by development and globalization. I saw a poor homeless man Combing his dirty hair In a side mirror of a modern and expensive car! (4) The shape and the color of the eyes don’t matter. What matters is that, As soon as you gaze into them, You know that they have seen a lot. All eyes that dare to bear witness To what they have seen are beautiful. (5) A stranger asked me how I chose my path in life. I told him: ‘I never chose anything, my friend.’ My path has always been like someone forced to sit In an airplane on a long flight. Forced to sit with the condition Of keeping the seatbelt on at all times, Until the end of the flight. Here I am still sitting with the seatbelt on. I can neither move Nor walk. I can’t even throw myself out of the plane’s emergency exit To end this forced flight! (6) After years of searching and observing, I discovered that despair’s favorite hiding place Is under business suits and tuxedos. Under jewelry and expensive night gowns. Despair dances at the tables where Expensive wines of corruption And delicious dinners of betrayal are served. (7) Oh, my poet friend, Did you know that The bouquet of fresh flowers in that vase On your table is not a source of inspiration or creativity? The vase is just a reminder Of a flower massacre that took place recently In a field Where these poor flowers happened to be. It was their fate to have their already short lives cut shorter, To wither and wilt in your vase, While breathing the not-so-fresh air In your room, As you sit down at your table And write your vain words. (8) Under authoritarian regimes, 99.9% of the population vote for the dictator. Under capitalist ‘democratic’ regimes, 99.9% of people love buying and consuming products Made and sold by the same few corporations. Awe to those societies where both regimes meet to create a united vicious alliance against the people! To create a ‘nation’ Of customers, not citizens! (9) The post-revolution leaders are scavengers not hunters. They master the art of eating up The dead bodies and achievements Of the fools who sacrificed themselves For the ‘revolution’ and its ideals. Is this the paradox and the irony of all revolutions? (10) Every person is ugly if you take a close look at them, And beautiful, if you take a closer look. (11) Just as wheat fields can’t thrive Under the shadow of other trees, Intellectuals, too, can’t thrive under the shadow Of any power or authority. (12) We waste so much time trying to change others. Others waste so much time thinking they are changing. What a waste! October 20, 2015

Onion Soup Gratinée YIELD: 4 SERVINGS ONE OF MY greatest treats when working in Paris was to go with my fellow chefs and commis to les Halles, the big market of Paris that spreads through many streets of the Châtelet neighborhood. The excitement in the streets and cafés started a little before 3:00 A.M. and ended around 7:00 or 8:00 A.M. Our nocturnal forays would, more often than not, finish at Le Pied de Cochon (The Pig’s Foot), the quintessential night brasserie of les Halles. There, large, vociferous butchers in bloody aprons would rub shoulders with tuxedoed and elegantly evening-gowned Parisians stopping by for late-night Champagne and a meal after the opera or the theater. The restaurant was famous for its onion-cheese gratinée; it was one of the best in Paris, and hundreds of bowls of it were served every night. For this recipe, you will need four onion soup bowls, each with a capacity of about 12 ounces and, preferably, with a lip or rim around the edge that the cheese topping will stick to as it melts to form a beautiful crust on top of the soup. 2 tablespoons unsalted butter 3 onions (about 12 ounces), cut into thin slices About 7 cups good-quality chicken stock, or a mixture of chicken and beef stock About ½ teaspoon salt, more or less, depending on the saltiness of the stock ½ teaspoon freshly ground black pepper 16 slices of baguette, each cut about ⅜ inch thick About 3 cups grated Swiss cheese, preferably Gruyère, Comté, or Emmenthaler (about 10 ounces) Melt the butter in a saucepan, and sauté the sliced onions in the butter over medium to high heat for about 8 minutes, or until lightly browned. Add the stock, salt, and pepper, and boil gently for 15 minutes. Meanwhile, preheat the oven to 400 degrees. Arrange the bread slices in a single layer on a tray, and bake them for 8 to 10 minutes, or until they are nicely browned. Divide the toast among the bowls, and sprinkle ¼ cup of cheese into each bowl. When the stock and onions have cooked for 15 minutes, pour the soup into the bowls, filling each to the top. Sprinkle on the remainder of the cheese, dividing it among the bowls and taking care not to push it down into the liquid. Press the cheese around the rim or lip of the bowls, so it adheres there as it cooks and the crust does not fall into the liquid. Arrange the soup bowls on a baking sheet, and bake for 35 to 45 minutes, or until a glorious brown, rich crust has developed on top. Serve hot right out of the oven.

On February 9th, 1942, the SS Normandie, a proud ocean liner and the pride of the French Merchant Marine, was being converted into a troop transport. A welder’s torch cut through a bulkhead and set afire a bundle of flammable rags and a stack of life jackets. The fire soon roared throughout the ship and since the internal fire protection system had been disabled, the only assistance available was from the New York City Fire Department. Fireboats pumped water onto the blaze until it caused this magnificent vessel to become unstable. I guess it never occurred to anyone that the water going into the ship, should have been pumped out! On February 10th, the ship rolled over onto its port side, sinking into the mud alongside Pier 88 in Manhattan. Investigations ensued with the thought being that this tragedy was caused by enemy sabotage. However, later findings indicated that the fire had been completely accidental. There are still some allegations contradicting this, and claims that the fire was indeed arson and involved “Lucky” Luciano, the Mafia boss who controlled the waterfront. From the time the fire started until the Normandie was righted in 1943, I watched what was happening to the now renamed USS Lafayette from a perfect vantage point at the top of the Palisades near North Street Park. It was the talk of the town and everyone continued to speculate as to who was at fault. “It must have been the Nazis,” was the conventional wisdom. The soldiers to whom I frequently talked, stationed at the searchlights and gun emplacements, were the ones who surely would know. Eventually, stripped of her superstructure, the ship was righted at great expense. There was talk of converting her into an aircraft carrier, or of cutting her down to become a smaller vessel. However, in the end she was sold for $161,680 to Lipsett, Inc., an American shipyard, where the once magnificent ship was reduced to scrap metal.

the table. He couldn’t tell for sure, but it looked like the worn tabletop was covered by a thick sheen of blood. A shirtless man in bloody jeans stumbled down the street next to the neighborhood, swaying like a drunk and drawing her attention. She stood up, grabbing something David couldn’t see from the bench next to her. The stumbler caught sight of someone in the group and veered toward the line of bushes separating the street from their little oasis. He tracked the man over the M1-A1’s scope, the shot too close for the 10X-magnified optics. The disheveled man lurched through the thick bushes, falling to the browned grass in a heap. When he managed to push himself back up on two feet, a bloodstained

I glanced down at myself. A rush of relief washed over me at the sight

In 2009, an American soldier named Bowe Bergdahl slipped through a gap in the concertina wire at his combat outpost in southern Afghanistan and walked off into the night. He was quickly captured by a Taliban patrol, and his absence triggered a massive search by the US military that put thousands of his fellow soldiers at risk. The level of betrayal felt by soldiers was so extreme that many called for Bergdahl to be tried for treason when he was repatriated five years later. Technically his crime was not treason, so the US military charged him with desertion of his post—a violation that still carries a maximum penalty of death. The collective outrage at Sergeant Bergdahl was based on very limited knowledge but provides a perfect example of the kind of tribal ethos that every group—or country—deploys in order to remain unified and committed to itself. If anything, though, the outrage in the United States may not be broad enough. Bergdahl put a huge number of people at risk and may have caused the deaths of up to six soldiers. But in purely objective terms, he caused his country far less harm than the financial collapse of 2008, when bankers gambled trillions of dollars of taxpayer money on blatantly fraudulent mortgages. These crimes were committed while hundreds of thousands of Americans were fighting and dying in wars overseas. Almost 9 million people lost their jobs during the financial crisis, 5 million families lost their homes, and the unemployment rate doubled to around 10 percent. For nearly a century, the national suicide rate has almost exactly mirrored the unemployment rate, and after the financial collapse, America’s suicide rate increased by nearly 5 percent. In an article published in 2012 in The Lancet, epidemiologists who study suicide estimated that the recession cost almost 5,000 additional American lives during the first two years—disproportionately among middle-aged white men. That is close to the nation’s losses in the Iraq and Afghan wars combined. If Sergeant Bergdahl betrayed his country—and that’s not a hard case to make—surely the bankers and traders who caused the financial collapse did as well. And yet they didn’t provoke nearly the kind of outcry that Bergdahl did. Not a single high-level CEO has even been charged in connection with the financial collapse, much less been convicted and sent to prison, and most of them went on to receive huge year-end bonuses. Joseph Cassano of AIG Financial Products—known as “Mr. Credit-Default Swap”—led a unit that required a $99 billion bailout while simultaneously distributing $1.5 billion in year-end bonuses to his employees—including $34 million to himself. Robert Rubin of Citibank received a $10 million bonus in 2008 while serving on the board of directors of a company that required $63 billion in federal funds to keep from failing. Lower down the pay scale, more than 5,000 Wall Street traders received bonuses of $1 million or more despite working for nine of the financial firms that received the most bailout money from the US goverment.

Absolutely. The earliest slaves were brought to New Amsterdam (later called New York) by the Dutch in the 1620s. When the British took over New York in 1664, about 10 percent of the population was of African descent. The number of slaves skyrocketed as the British kidnapped thousands of African men, women, and children and brought them to the city. By 1737, 20 percent of the city’s population was enslaved—more than 1,700 people. By the middle of the century, New York had the second highest percentage of slaves in the colonies after Charleston, South Carolina. Historian Shane White analyzed census data, tax records, and directories and found that every street in New York had slave owners on it, and most people lived a few doors down from slaves, if they didn’t own one themselves. Historians estimate that about 5,000 African Americans, nearly 22 percent of the population, lived in and around New York in 1771. Very few of them were free. By the end of the American Revolution, thousands had fled to the British or run away, but thousands more continued to live in bondage.

Under Kim Jong-il’s direction, the Korean Feature Film Studio on the outskirts of Pyongyang was expanded to a 10-million-square-foot lot. It churned out forty movies per year. The films were mostly dramas with the same themes: The path to happiness was self-sacrifice and suppression of the individual for the good of the collective. Capitalism was pure degradation. When I toured the studio lot in 2005, I saw a mock-up of what was supposed to be a typical street in Seoul, lined with run-down storefronts and girly bars.

In two years of research the best example of self-disruption I can find is Netflix. Netflix’s transition to streaming from DVD rental by mail was not nearly as smooth as many would like to remember it, but in hindsight it appears genius. Netflix was founded in 1997 as a DVD mail service and pretty rapidly rose to take huge market share from local video stores who could not compete with its vast range of titles. People soon appreciated the appeal of no late fees, the ability to have several movies out at the same time, as well as its unlimited consumption tariff. Always keen to keep abreast of the latest technology, in 2007 Netflix spent about $40 million to build data centres and to cover the cost of licensing for the initial streaming titles (Rodriguez, 2017). When internet speeds allowed, it introduced streaming as an additional service for its existing subscribers. Monthly fees remained the same, but those with more expensive tariffs were given access to more hours of streamed content. While it added something for free, it also helped give people a reason to upgrade to more expensive plans. Growth was impressive, the video libraries of streamed content rose, the share price rose impressively from $3 in 2007 to over $42 in 2011, and life was good. In September 2011 Netflix made a very bold move. It created two tariffs, and moved all its US subscribers onto two separate plans: the original DVD-by-mail service was to be called Qwikster; the other was a streaming service for a lower monthly fee. The market was shocked, and by December the stock price was below $10 and the company was in pieces. The company rapidly lost higher revenue DVD subscribers and within nine months profits were down by 50 per cent (Steel, 2015). And yet slowly things changed. First, the lower prices suddenly appealed to a much wider market, bringing in far more paying customers, allowing Netflix to buy more content and to slowly raise prices. Then Netflix started making its own original content, clearing out global streaming rights, and then at a flick of a switch it was able to expand globally. If Netflix had not disrupted itself it would be a very different company. It would rely on a massive physical distortion system, with very high costs. It would probably have lost out massively to YouTube and would have withered away as a mail-order DVD supplier. Instead, Netflix’s share price is now nearly $200, five times more than it was when it bravely self-disrupted, it operates in 190 countries, makes nearly $9 billion in revenue from over 110 million customers (Feldman, 2017). Today DVDs represent only 4 per cent of Netflix’s users. It seems that in 2011, when Wall Street was demanding the resignation of Reed Hastings for reinventing the business, they were wrong. From this you can see the pressure this approach places on leaderships, the confidence you need to have, the degree to which this antagonizes the market and everyone around you. This move takes balls. The confidence, conviction, and aggression, to change before you have to create your own future, is remarkable.