Annual Report Quotes

We would report the exact details of her letter to her modiste, but we fear you would be overcome. Suffice to say, the money outlaid upon hats rivals the annual income of a large estate or small country; We fail to see why one small woman needs so many hats. She is unlikely to be concealing additional heads upon her person.

Saint Bartleby's School for Young Gentlemen Annual Report Student: Artemis Fowl II Year: First Fees: Paid Tutor: Dr Po Language Arts As far as I can tell, Artemis has made absolutely no progress since the beginning of the year. This is because his abilities are beyond the scope of my experience. He memorizes and understands Shakespeare after a single reading. He finds mistakes in every exercise I administer, and has taken to chuckling gently when I attempt to explain some of the more complex texts. Next year I intend to grant his request and give him a library pass during my class. Mathematics Artemis is an infuriating boy. One day he answers all my questions correctly, and the next every answer is wrong. He calls this an example of the chaos theory, and says that he is only trying to prepare me for the real world. He says the notion of infinity is ridiculous. Frankly, I am not trained to deal with a boy like Artemis. Most of my pupils have trouble counting without the aid of their fingers. I am sorry to say, there is nothing I can teach Artemis about mathematics, but someone should teach him some manners. Social Studies Artemis distrusts all history texts, because he says history was written by the victors. He prefers living history, where survivors of certain events can actually be interviewed. Obviously this makes studying the Middle Ages somewhat difficult. Artemis has asked for permission to build a time machine next year during double periods so that the entire class may view Medieval Ireland for ourselves. I have granted his wish and would not be at all surprised if he succeeded in his goal. Science Artemis does not see himself as a student, rather as a foil for the theories of science. He insists that the periodic table is a few elements short and that the theory of relativity is all very well on paper but would not hold up in the real world, because space will disintegrate before lime. I made the mistake of arguing once, and young Artemis reduced me to near tears in seconds. Artemis has asked for permission to conduct failure analysis tests on the school next term. I must grant his request, as I fear there is nothing he can learn from me. Social & Personal Development Artemis is quite perceptive and extremely intellectual. He can answer the questions on any psychological profile perfectly, but this is only because he knows the perfect answer. I fear that Artemis feels that the other boys are too childish. He refuses to socialize, preferring to work on his various projects during free periods. The more he works alone, the more isolated he becomes, and if he does not change his habits soon, he may isolate himself completely from anyone wishing to be his friend, and, ultimately, his family. Must try harder.

On my desk is an appeal from the National Museum of American Jewish History in Philadelphia. It asks me to become a sponsor and donor of this soon-to-be-opened institution, while an accompanying leaflet has enticing photographs of Bob Dylan, Betty Friedan, Sandy Koufax, Irving Berlin, Estee Lauder, Barbra Streisand, Albert Einstein, and Isaac Bashevis Singer. There is something faintly kitsch about this, as there is in the habit of those Jewish papers that annually list Jewish prize-winners from the Nobel to the Oscars. (It is apparently true that the London Jewish Chronicle once reported the result of a footrace under the headline 'Goldstein Fifteenth.') However, I think I may send a contribution. Other small 'races' have come from unpromising and hazardous beginnings to achieve great things—no Roman would have believed that the brutish inhabitants of the British Isles could ever amount to much—and other small 'races,' too, like Gypsies and Armenians, have outlived determined attempts to eradicate and exterminate them. But there is something about the persistence, both of the Jews and their persecutors, that does seem to merit a museum of its own.

Congress has mandated an annual report on street gang, outlaw biker, and domestic extremist activity in the military since 2008.

He worked in Interim Reports, before being upgraded to Annual Reports.

the 2012 annual report of the American Association of Poison Control Centers lists OTC cough-cold medications among the top three products associated with fatality in children under age five.

Again and again workers told me that they are under tremendous pressure not to report injuries. The annual bonuses of plant foremen and supervisors are often based in part on the injury rate of their workers. Instead of crating a safer workplace, these bonus schemes encourage slaughterhouse managers to make sure that accidents and injuries go unreported. Missing fingers, broken bones, deep lacerations and amputated limbs are difficult to conceal from authorities. But the dramatic and catastrophic injuries in a slaughterhouse are greatly outnumbered by less visible, though no less debilitating, ailments: torn muscles, slipped disks, pinched nerves.

Later that same spring of 1872, in his own annual report, Roebling would write that most men got over their troubles either by suffering for a long time or "by applying the heroic mode of returning into the caisson at once as soon as pains manifested themselves.

A 2011 UN report admitted—years before the Paris climate pact—that going green will cost $76 trillion over forty years. Dan Gainor of the Media Research Institute has explained, “So let’s do the math: That works out to a grand total of $76 trillion, over 40 years—or more than five times the entire Gross Domestic Product of the United States ($14.66 trillion a year). It’s all part of a ‘technological overhaul’ ‘on the scale of the first industrial revolution’ called for in the annual report. Except that the U.N. will apparently control this next industrial revolution.”55

When I had the honor of being included in the Smithsonian’s National Portrait Gallery in 2019, I sat for a painting with four objects on a shelf behind me in the composition: a photo of my parents; a photo of Raj, Preetha, and Tara; a Yale SOM baseball cap; and a PepsiCo annual report with the words “Performance with Purpose” on the cover.

American spy agencies seemed rattled by the experiments too. I was shocked when the next Worldwide Threat Assessment — the annual report presented by the U.S. intelligence community to the Senate Armed Services Committee — described genome editing as one of the six weapons of mass destruction and proliferation that nation-states might try to develop, at great risk to America.

Table 1-1 Sources of Private Contributions: 2011 Source of Income Amount of Total Giving in Billions Percentage of Total Giving Individuals $217.79 73% Foundations $41.67 14% Bequests $24.41 8% Corporations $14.55 5% Total $298.42 100% Source: Giving USA: The Annual Report on Philanthropy for the Year 2011 (2012). Chicago: Giving USA Foundation. Fundraising for fun and profit

The motivation for taking on debt is to buy assets or claims rising in price. Over the past half-century the aim of financial investment has been less to earn profits on tangible capital investment than to generate “capital” gains (most of which take the form of debt-leveraged land prices, not industrial capital). Annual price gains for property, stocks and bonds far outstrip the reported real estate rents, corporate profits and disposable personal income after paying for essential non-discretionary spending, headed by FIRE [Finance, Insurance, Real Estate]-sector charges.

Both the Environmental Protection Agency and the Department of the Interior removed from their websites the links to climate change data. The USDA removed the inspection reports of businesses accused of animal abuse by the government. The new acting head of the Consumer Financial Protection Bureau, Mick Mulvaney, said he wanted to end public access to records of consumer complaints against financial institutions. Two weeks after Hurricane Maria, statistics that detailed access to drinking water and electricity in Puerto Rico were deleted from the FEMA website. In a piece for FiveThirtyEight, Clare Malone and Jeff Asher pointed out that the first annual crime report released by the FBI under Trump was missing nearly three-quarters of the data tables from the previous year.

These poor, plain men, dwellers upon the lonely sands of Hatteras, took their lives in their hands, and, at the most imminent risk crossed the most tumultuous sea…and all for what? That others might live to see home and friends.

Although a 2015 Pew Research Center report53 found that equal numbers of American men and women play video games, only 3.3%54 of the games spotlighted at press conferences during 2016’s E3 (the world’s largest annual gaming expo) starred female protagonists. This is actually lower than the figure for 2015 which, according to Feminist Frequency, was 9%.55 If female playable characters do make it into a game they are still often framed as just another feature.

It is ironic that the Great Depression was produced by government but was blamed on the private enterprise system. The Federal Reserve System explained in its 1933 annual report how much worse things would have been if the Federal Reserve had not behaved so well, yet the Federal Reserve was the chief culprit in making the depression as deep as it was. So the government produced the depression, the private enterprise system got blamed for it, and there was a tremendous change in attitudes.

In its 2013 annual report on “Global Risks,” the World Economic Forum (host of the annual superelite gathering in Davos), stated plainly, “Although the Alaskan village of Kivalina—which faces being ‘wiped out’ by the changing climate—was unsuccessful in its attempts to file a US$ 400 million lawsuit against oil and coal companies, future plaintiffs may be more successful. Five decades ago, the U.S. tobacco industry would not have suspected that in 1997 it would agree to pay $368 billion in health-related damages.

Apropos of Mein Kampf, I remember an amusing incident which Ishall relate here, though it is anticipating my story by several years. It took place at the Nazi Party Congress at Nurnberg in 1927. I had been a member of the Party for two-and-a-half years, and presented the annual report. In the course of it I quoted a few phrases from Mein Kampf and this caused a certain sensation. That evening, at dinner with several colleagues Feder Kaufmann Koch and others, they asked me if I had really read the book, with which not one of them seemed to be familiar I admitted having quoted some significant passages from it without bothering my head about the context. This caused general amusement and it was agreed that the first person who joined us who had read Mein Kampf should pay the bill for us all. Gregor answer when he arrived was a resounding no. Goebbels shook his head guiltily, Goering burst into loud laughter and Count Reventlow excused himself on the ground that he had no time. No body had read Mein Kampf, so everybody had to pay his own bill.

Just as there are those who accept every UFO report at face value, there are also those who dismiss the idea of alien visitation out of hand and with great passion. It is, they say, unnecessary to examine the evidence, and “unscientific” even to contemplate the issue. I once helped to organize a public debate at the annual meeting of the American Association for the Advancement of Science between proponent and opponent scientists of the proposition that some UFOs were spaceships; whereupon a distinguished physicist, whose judgment in many other matters I respected, threatened to sic the Vice President of the United States on me if I persisted in this madness. (Nevertheless, the debate was held and published, the issues were a little better clarified, and I did not hear from Spiro T. Agnew.)

The company’s problems with the FDA were far bigger than just the drugs intended for Africa. Ranbaxy had not properly tested the stability of almost any drugs on the U.S. market. The most basic good manufacturing practices require continuous monitoring of drug quality. Drug stability must be tested at intervals called “stations”: three months, six months, nine months, and so on. So long as a drug is on the market, that data has to be filed in an annual report with the FDA. One is never out of data, because obtaining it is simply part of the process.

Read the notes.Never buy a stock without reading the footnotes to the financial statements in the annual report. Usually labeled “summary of significant accounting policies,” one key note describes how the company recognizes revenue, records inventories, treats installment or contract sales, expenses its marketing costs, and accounts for the other major aspects of its business.7 In the other footnotes, watch for disclosures about debt, stock options, loans to customers, reserves against losses, and other “risk factors” that can take a big chomp out of earnings

at the last estimate, there were roughly only twenty prosecutions of malicious rape complaints per year,4 while there are approximately 7,000 annual complaints of rape made to the police.5 Under-reporting of sexual offences is widely accepted to be numerically far more prevalent than malicious complaints.

Just a quick example: if the United Kingdom’s gross domestic product (GDP) continues on its current path of an average decline of 0.5 percent annually as it has from 2010 to 2021, the British economy will fall behind many of its European neighbors, including Poland by 2030 and Romania and Hungary by 2040.

In 1998, the New York Times reported that “in the [annual UCLA] survey taken at the start of the fall semester, 74.9 percent of freshmen chose being well off as an essential goal and 40.8 percent chose developing a philosophy. In 1968, the numbers were reversed, with 40.8 percent selecting financial security and 82.5 percent citing the importance of developing a philosophy.”4

Are you saying people aren’t interested in the truth?” “Listen, what’s true to a lot of people is that they need the money for the rent by the end of the week. Look at Mr. Ron and his friends. What’s the truth mean to them? They live under a bridge!” She held up a piece of lined paper, crammed edge to edge with the careful looped handwriting of someone for whom holding a pen was not a familiar activity. “This is a report of the annual meeting of the Ankh-Morpork Caged Birds Society,” she said. “They’re just ordinary people who breed canaries and things as a hobby. Their chairman lives next door to me, which is why he gave me this. This stuff is important to him! My goodness, but it’s dull. It’s all about Best of Breed and some changes in the rules about parrots which they argued about for two hours. But the people who were arguing were people who mostly spend their day mincing meat or sawing wood and basically leading little lives that are controlled by other people, do you see? They’ve got no say in who runs the city but they can damn well see to it that cockatoos aren’t lumped in with parrots. It’s not their fault. It’s just how things are. Why are you sitting there with your mouth open like that?

Consequently, in 1958 the Chinese government was informed that annual grain production was 50 per cent more than it actually was. Believing the reports, the government sold millions of tons of rice to foreign countries in exchange for weapons and heavy machinery, assuming that enough was left to feed the Chinese population. The result was the worst famine in history and the death of tens of millions of Chinese.3

Consequently, in 1958 the Chinese government was informed that annual grain production was 50 per cent more than it actually was. Believing the reports, the government sold millions of tons of rice to foreign countries in exchange for weapons and heavy machinery, assuming that enough was left to feed the Chinese population. The result was the worst famine in history and the death of tens of millions of Chinese.3 Meanwhile, enthusiastic reports of China’s farming miracle reached audiences throughout the world. Julius Nyerere, the idealistic president of Tanzania, was deeply impressed by the Chinese success. In order to modernise Tanzanian agriculture, Nyerere resolved to establish collective farms on the Chinese model. When peasants objected to the plan, Nyerere sent the army and police to destroy traditional villages and forcibly relocate hundreds of thousands of peasants onto the new collective farms. Government propaganda depicted the farms as miniature paradises, but many of them existed only in government documents. The protocols and reports written in the capital Dar es Salaam said that on such-and-such a date the inhabitants of such-and-such village were relocated to such-and-such farm. In reality, when the villagers reached their destination, they found absolutely nothing there. No houses, no fields, no tools. Officials nevertheless reported great successes to themselves and to President Nyerere. In fact, within less than ten years Tanzania was transformed from Africa’s biggest food exporter into a net food importer that could not feed itself without external assistance. In 1979, 90 per cent of Tanzanian farmers lived on collective farms, but they generated only 5 per cent of the country’s agricultural output.4

Of 76,000 buildings in Hiroshima 70,000 were damaged or destroyed, 48,000 totally. “It is no exaggeration to say,” reports the Japanese study, “that the whole city was ruined instantaneously.”2679 Material losses alone equaled the annual incomes of more than 1.1 million people. “In Hiroshima many major facilities—prefectural office, city hall, fire departments, police stations, national railroad stations, post offices, telegram and telephone offices, broadcasting station, and schools—were totally demolished or burned. Streetcars, roads, and electricity, gas, water, and sewage facilities were ruined beyond use.

Tho' I seldom attended any public worship, I had still an opinion of its propriety, and of its utility when rightly conducted, and I regularly paid my annual subscription for the support of the only Presbyterian minister or meeting we had in Philadelphia. He us'd to visit me sometimes as a friend, and admonished me to attend his administrations, and I was now and then prevail'd on to do so, once for five Sundays successively. Had he been in my opinion a good preacher, perhaps I might have continued, [65] notwithstanding the occasion I had for the Sunday's leisure in my course of study; but his discourses were chiefly either polemic arguments, or explications of the peculiar doctrines of our sect, and were all to me very dry, uninteresting, and unedifying, since not a single moral principle was inculcated or enforc'd, their aim seeming to be rather to make us Presbyterians than good citizens. At length he took for his text that verse of the fourth chapter of Philippians, "Finally, brethren, whatsoever things are true, honest, just, pure, lovely, or of good report, if there be any virtue, or any praise, think on these things." And I imagin'd, in a sermon on such a text, we could not miss of having some morality. But he confin'd himself to five points only, as meant by the apostle, viz.: 1. Keeping holy the Sabbath day. 2. Being diligent in reading the holy Scriptures. 3. Attending duly the publick worship. 4. Partaking of the Sacrament. 5. Paying a due respect to God's ministers. These might be all good things; but, as they were not the kind of good things that I expected from that text, I despaired of ever meeting with them from any other, was disgusted, and attended his preaching no more.

Docketing a judgment slapped it on a tenant’s credit report. If the tenant came to own any property in Milwaukee County in the next decade, the docketed judgment placed a lien on that property, severely limiting a new homeowner’s ability to refinance or sell.14 To landlords, docketing a judgment was a long-odds bet on a tenant’s future. Who knows, maybe somewhere down the line a tenant would want to get her credit in order and would approach her old landlord, asking to repay the debt. “Debt with interest,” the landlord could respond, since money judgments accrued interest at an annual rate that would be the envy of any financial portfolio: 12 percent. For the chronically and desperately poor whose credit was already wrecked, a docketed judgment was just another shove deeper into the pit. But for the tenant who went on to land a decent job or marry and then take another tentative step forward, applying for student loans or purchasing a first home—for that tenant, it was a real barrier on the already difficult road to self-reliance and security.

The tone of those negotiations was very contentious,” says Becky Sauerbrunn, who served on the national team’s CBA committee and participated in most of the negotiation sessions. “They didn’t go anywhere. We would go into those meetings and say we want equal pay and they would say you’re not really generating the revenue to deserve equal pay to the men. And it just went around and around like that.” But then on March 7, Rich Nichols saw something that caught him by surprise. It was an article by Jonathan Tannenwald of the Philadelphia Inquirer that broke down financial numbers contained in U.S. Soccer’s General Annual Meeting report. The report itself was released quietly on U.S. Soccer’s website without fanfare—Tannenwald was the only journalist for a major newspaper who picked up on it. What the U.S. Soccer report showed—and what in turn the Philadelphia Inquirer explained—was that U.S. Soccer initially budgeted a $420,000 loss for 2016 but changed their numbers to expect a profit of almost $18 million, based largely on the gate receipts and merchandise sales of the women’s national team during the 2015 Women’s World Cup victory tour.

As we’ve seen, one of the most frequently pursued paths for achievement-minded college seniors is to spend several years advancing professionally and getting trained and paid by an investment bank, consulting firm, or law firm. Then, the thought process goes, they can set out to do something else with some exposure and experience under their belts. People are generally not making lifelong commitments to the field in their own minds. They’re “getting some skills” and making some connections before figuring out what they really want to do. I subscribed to a version of this mind-set when I graduated from Brown. In my case, I went to law school thinking I’d practice for a few years (and pay down my law school debt) before lining up another opportunity. It’s clear why this is such an attractive approach. There are some immensely constructive things about spending several years in professional services after graduating from college. Professional service firms are designed to train large groups of recruits annually, and they do so very successfully. After even just a year or two in a high-level bank or consulting firm, you emerge with a set of skills that can be applied in other contexts (financial modeling in Excel if you’re a financial analyst, PowerPoint and data organization and presentation if you’re a consultant, and editing and issue spotting if you’re a lawyer). This is very appealing to most any recent graduate who may not yet feel equipped with practical skills coming right out of college. Even more than the professional skill you gain, if you spend time at a bank, consultancy, or law firm, you will become excellent at producing world-class work. Every model, report, presentation, or contract needs to be sophisticated, well done, and error free, in large part because that’s one of the core value propositions of your organization. The people above you will push you to become more rigorous and disciplined, and your work product will improve across the board as a result. You’ll get used to dressing professionally, preparing for meetings, speaking appropriately, showing up on time, writing official correspondence, and so forth. You will be able to speak the corporate language. You’ll become accustomed to working very long hours doing detail-intensive work. These attributes are transferable to and helpful in many other contexts.

Let me illustrate what I mean by “the opportunity costs of working.” I was recently in the market for domestic help, and a young woman I wanted to hire as a housekeeper refused the job because I wouldn’t pay her under the table. No, she wasn’t an illegal alien—she just wanted me to treat her as one. The reason she made this unusual demand was that if she had income to report, she would suddenly have to start making student loan payments and paying taxes. To work for me would have cost her hundreds of dollars every month, creating a big enough hit to her bottom line that it wasn’t worth working anymore. (Perhaps she wasn’t savvy enough to apply for all of the available government programs, but she could have just as well pointed out that my hiring her would have cost her thousands annually in food stamps and other welfare payments.) Just imagine—there are so many unemployed people today, and yet government is making it too expensive for anyone to come and clean your floors for a fair wage. (By the way, the job I offered paid close to $40,000 per year.) Here was someone who admitted that reality quite bluntly—and I still regret the fact that I couldn’t hire her legally.

In 1786, Jefferson, then the American ambassador to France, and Adams, then the American ambassador to Britain, met in London with Sidi Haji Abdul Rahman Adja, the ambassador to Britain. The Americans wanted to negotiate a peace treaty based on Congress’ vote to appease. During the meeting Jefferson and Adams asked the ambassador why Muslims held so much hostility towards America, a nation with which they had no previous contacts. In a later meeting with the American Congress, the two future presidents reported that Ambassador Sidi Haji Abdul Rahman Adja had answered that Islam “was founded on the Laws of their Prophet, that it was written in their Qur’an that all nations who should not have acknowledged their authority were sinners, that it was their right and duty to make war upon them wherever they could be found, and to make slaves of all they could take as Prisoners, and that every Musselman (Muslim) who should be slain in Battle was sure to go to Paradise.” For the following 15 years, the American government paid the Muslims millions of dollars for the safe passage of American ships or the return of American hostages. Most Americans do not know that the payments in ransom and Jizyah tribute amounted to 20 percent of United States government annual revenues in 1800. Not long after Jefferson’s inauguration as president in 1801, he dispatched a group of frigates to defend American interests in the Mediterranean, and informed Congress. Declaring that America was going to spend “millions for defense but not one cent for tribute,” Jefferson pressed the issue by deploying American Marines and many of America’s best warships to the Muslim Barbary Coast. The USS Constitution, USS Constellation, USS Philadelphia, USS Chesapeake, USS Argus, USS Syren and USS Intrepid all fought. In 1805, American Marines marched across the dessert from Egypt into Tripolitania, forcing the surrender of Tripoli and the freeing of all American slaves. During the Jefferson administration, the Muslim Barbary States, crumbled as a result of intense American naval bombardment and on shore raids by Marines. They finally agreed officially to abandon slavery and piracy. Jefferson’s victory over the Muslims lives on today in the Marine Hymn with the line “From the halls of Montezuma to the shores of Tripoli, we will fight our country’s battles on the land as on the sea.” It wasn’t until 1815 that the problem was fully settled by the total defeat of all the Muslim slave trading pirates.

It is very important to note, however, that the only segment of the population from whom changing our social and economic conditions in the ways that prevent violence would exact a higher cost would be the extremely wealthy upper, or ruling, class — the wealthiest one per cent of the population (which in the United States today controls some 39 per cent of the total wealth of the nation, and 48 per cent of the financial wealth, as shown by Wolff in Top Heavy (1996). The other 99 per cent of the population — namely, the middle class and the lower class — would benefit, not only form decreased rates of violence (which primarily victimize the very poor), but also from a more equitable distribution of the collective wealth and income of our unprecedentedly wealthy societies. Even on a worldwide scale, it would require a remarkably small sacrifice from the wealthiest individuals and nations to raise everyone on earth, including the populations of the poorest nations, above the subsistence level, as the United Nations Human Development Report 1998, has shown. I emphasize the wealthiest individuals as well as nations because, as the U.N. report documents, a tiny number of the wealthiest individuals actually possess wealth on a scale that is larger than the annual income of most of the nations of the earth. For example, the three richest individuals on earth have assets that exceed the combined Gross Domestic Product of the fortyeight poorest countries! The assets of the 84 richest individuals exceed the Gross Domestic Product of the most populous nation on earth, China, with 1.2 billion inhabitants. The 225 richest individuals have a combined wealth of over $1 trillion, which is equal to the annual income of the poorest 47 per cent of the world's population, or 2.5 billion people. By comparison, it is estimated that the additional cost of achieving and maintaining universal access to basic education for all, basic health care for all, reproductive health care for all women, adequate food for all and safe water and sanitation for all is roughly $40 billion a year. This is less than 4 per cent of the combined wealth of the 225 richest people in the world. It has been shown throughout the world, both internationally and intranationally, that reducing economic inequities not only improves physical health and reduces the rate of death from natural causes far more effectively than doctors, medicines, and hospitals; it also decreases the rate of death from both criminal and political violence far more effectively than any system of police forces, prisons, or military interventions ever invented.

Everywhere you look with this young lady, there’s a purity of motivation,” Shultz told him. “I mean she really is trying to make the world better, and this is her way of doing it.” Mattis went out of his way to praise her integrity. “She has probably one of the most mature and well-honed sense of ethics—personal ethics, managerial ethics, business ethics, medical ethics that I’ve ever heard articulated,” the retired general gushed. Parloff didn’t end up using those quotes in his article, but the ringing endorsements he heard in interview after interview from the luminaries on Theranos’s board gave him confidence that Elizabeth was the real deal. He also liked to think of himself as a pretty good judge of character. After all, he’d dealt with his share of dishonest people over the years, having worked in a prison during law school and later writing at length about such fraudsters as the carpet-cleaning entrepreneur Barry Minkow and the lawyer Marc Dreier, both of whom went to prison for masterminding Ponzi schemes. Sure, Elizabeth had a secretive streak when it came to discussing certain specifics about her company, but he found her for the most part to be genuine and sincere. Since his angle was no longer the patent case, he didn’t bother to reach out to the Fuiszes. — WHEN PARLOFF’S COVER STORY was published in the June 12, 2014, issue of Fortune, it vaulted Elizabeth to instant stardom. Her Journal interview had gotten some notice and there had also been a piece in Wired, but there was nothing like a magazine cover to grab people’s attention. Especially when that cover featured an attractive young woman wearing a black turtleneck, dark mascara around her piercing blue eyes, and bright red lipstick next to the catchy headline “THIS CEO IS OUT FOR BLOOD.” The story disclosed Theranos’s valuation for the first time as well as the fact that Elizabeth owned more than half of the company. There was also the now-familiar comparison to Steve Jobs and Bill Gates. This time it came not from George Shultz but from her old Stanford professor Channing Robertson. (Had Parloff read Robertson’s testimony in the Fuisz trial, he would have learned that Theranos was paying him $500,000 a year, ostensibly as a consultant.) Parloff also included a passage about Elizabeth’s phobia of needles—a detail that would be repeated over and over in the ensuing flurry of coverage his story unleashed and become central to her myth. When the editors at Forbes saw the Fortune article, they immediately assigned reporters to confirm the company’s valuation and the size of Elizabeth’s ownership stake and ran a story about her in their next issue. Under the headline “Bloody Amazing,” the article pronounced her “the youngest woman to become a self-made billionaire.” Two months later, she graced one of the covers of the magazine’s annual Forbes 400 issue on the richest people in America. More fawning stories followed in USA Today, Inc., Fast Company, and Glamour, along with segments on NPR, Fox Business, CNBC, CNN, and CBS News. With the explosion of media coverage came invitations to numerous conferences and a cascade of accolades. Elizabeth became the youngest person to win the Horatio Alger Award. Time magazine named her one of the one hundred most influential people in the world. President Obama appointed her a U.S. ambassador for global entrepreneurship, and Harvard Medical School invited her to join its prestigious board of fellows.

For one, focus on intrinsic value growth, not reported earnings. Again, it’s not what the numbers are but what they mean that matters.

I read annual reports of the company I’m looking at, and I read the annual reports of the competitors—that is the main source of material.

We earnestly desire the speedy settlement of all our territories,' reads an 1868 Office of Indian Affairs Annual Report. 'None are more anxious than we to see their agricultural and mineral wealth developed by an industrious, thrifty, and enlightened population. And we fully recognize the fact that the Indian must not stand in the way of this result. . . If the savage resists, civilization, with the Ten Commandments in one hand and the sword in the other, demands his immediate extermination.' But extermination, as a policy, proved to be inefficient. An educational system designed to destroy native culture was proposed as an economical way to solve the Indian Problem. The 1868 report concluded, 'It costs less to civilize than to kill.

Reporters Without Borders, a global freedom of press organization, recently announced in its annual Worldwide Freedom Index that the US has one of the highest levels of media censorship in the Western world. From their research, conducted in 2013, they reported that

The Poets’ Annual Indigence Report” Tonight beyond the determined moon, aloft with nothing left that is voluntary for delight, everything uttering hydrogen, your thinkers are mincing along through a hail of contingencies, While we all–floating though we are, lonesome though we are, lost in hydrogen–we live by seems things: when things just are, then something else will be doing the living. Doing is not enough; being is not enough; knowing is far from enough. So we clump around, putting feet on the dazzle floor, awaiting the real schedule by celebrating the dazzle schedule. And, whatever is happening, we are here; a lurch or a god has brought us together. We do our jobs–listening in fear in endless, friendless, Jesus-may-happen fashion. Our shadows ride over the grass, your shadows, ours: – Rich men, wise men, be our contemporaries.

cash from financing activities” on the statement of cash flows in the annual report. They can make a sick company appear to be growing even if its underlying businesses are not generating enough cash—as Global Crossing and WorldCom showed not long ago.

The Stern report concludes that, assuming a rate of technological progress in the “green sector” based on extrapolating from recent history, it would cost about 1 percent of world GDP annually to stabilize emissions at the level necessary to stave off global warming. But that seems a modest cost to avoid endangering the future of the world as we know it.

An annual report that claims value-added, as a benefit to a community or to a society, is rare.

Across both parties, a total of seven attorneys, their support staff, and seven expert witnesses worked on my lawsuit. Over the course of two years, litigation involved well over ten people being deposed, multiple subpoenas, and several rounds of written interrogatories. This all added up to Google likely spending millions of dollars in fighting me, which was a drop in the bucket for the company, but significant nonetheless. Perhaps if the powers that be instituted mandatory annual reporting of dollars spent by corporations on discrimination and harassment lawsuits, people might take more notice, pushing more companies to take workplace misconduct seriously.

A 360 written report is a good mechanism for annual feedback. But avoid anonymity and numeric ratings, don’t link results to raises or promotions, and open up comments to anyone who is ready to give them. Live 360 dinners are another effective process. Set aside several hours away from the office. Give clear instructions, follow the 4A feedback guidelines, and use the Start, Stop, Continue method with roughly 25 percent positive, 75 percent developmental—all actionable and no fluff.

Emergency Management of Seizures in Children Epilepsy in children can be challenging to treat. As a parent, you must be worried about controlling the seizures in your children. According to Dr Monika Chhajed, MBBS, Fellowship Paediatric Neurology and Epilepsy, DCH, DNB, Consultant-Paediatric Neurologist, the annual incidence of epilepsy in children is reported as 10 to 73 episodes/100,000 children. It is the highest in children younger than 2 years of age. If your child is suffering from epilepsy, you must know the emergency management of seizures.

Police-involved fatal shootings reflected all that. For years, fatal police shootings numbered about two or three annually in Albuquerque. That figure doubled as the P2P meth took over. Between 2011 and 2020, 60 percent of the people shot to death by Albuquerque police officers—thirty-six of sixty people—had meth in their bloodstream, up from zero in 2009, according to coroner reports.

For people managing Upholders, it’s helpful to remember that because they hate to fail to meet an expectation, they may find it hard to set priorities—all expectations seem equally important. To counter this, a boss or colleague should make priorities clear: “Usually I want that report every Friday, but when the annual report is due, it’s okay to put off the weekly report while we finish the annual report. The annual report is more important.

My Uncle the Baillie was still a leading figure in the public business of Greyness; and he had in addition somehow got on to the directorate of nearly every one of the larger joint stock concerns in the place. He was chairman in one or two cases, and in every case he attended his directorial meetings with wonderful regularity. In the chair at an annual meeting he had in large measure the notable and very useful faculty of being able, when the report was unsatisfactory, to cheer the shareholders by dwelling on the fact that, if the revenues had been bad there were a number of occult circumstances discovered by the directors tending to establish the belief that that it might have been much worse. And he would group their own past figures and the figures of other similar concerns in various attitudes, either to show that the latter were in a worse plight than they; or that there was yet a deal of latent elasticity in their business. It is not needful to say that a chairman of this sort is invaluable to the undertaking that can command his services. It was indeed averred by some that my Uncle loved and cultivated his numerous directoral meetings as an easy and safe mode of earning the guinea and half-guinea fees allowed, and that for that end he would without fail put in an appearance even when he was well aware that there was no business to transact.

A month later I again asked for the information, but all I got was a vague email saying: “Regarding how countries and territories are covered, much depends on specific registration rules and reporting practices. A lot of countries publicly report annual retail sales, seizures and disarmament, or public registration figures. Others routinely see annual data reported in the press. We also get reports by asking. That kind of thing gives official annual inflation/deflation.”21 But he never gave me a list of sources for each country. There was no way to actually check the numbers.

Professional money managers are worried about their annual results and may take irrational decisions to protect their performance record. Individual investors have nobody to report, and yearly performance does not mean anything to them.

In his annual report to the board for the year 1890, Police Chief J. M. Glass plainly put it up to them that something should be done in a city which boasted: “Nineteen hotels; 212 lodging houses, of which twenty-seven have a doubtful reputation; seventeen pawnbrokers, four of whom are Chinese; twenty-seven second-hand dealers; 171 saloons; sixty-five poker games, exclusive of those places where an occasional game is allowed; ten houses of prostitution; eighty-nine cribs; 104 prostitutes known to police; twenty-five maquereaux (French pimps better known as ‘Macks’).

So much so that this situation caught the attention of the US Department of Defense, and the following assessment was made in the annual report: “Chinese science and engineering students have mastered technologies that later became critical for military systems and over time have reached unintentional violations of US export control laws.” Neo-Red Guard PLA has sponsored the training of more than 2,500 military engineers abroad since 2007. For this reason, the progress made by the PLA on sensitive military technologies has been deemed risky by some experts and various restrictions have been demanded. (58)

The good news for the national team, at least, was that now the distraction of Solo’s legal issues was in the past and the team could focus on the Women’s World Cup, which was now only a few months away. But that didn’t quite happen. On January 19, 2015, Solo made headlines again. She was at the national team’s annual January camp outside of Los Angeles when she allowed her visiting husband, Jerramy Stevens, to drive a U.S. Soccer–rented car. Stevens had been drinking and was pulled over after police allegedly saw the car swerving off the road. Stevens was arrested on DUI charges, and Solo, who was the passenger, was reported to have been “belligerent” toward the arresting officers. The federation didn’t know about the incident until celebrity tabloid TMZ reported the news. After the federation had been slammed by the media for not punishing Solo throughout the episode surrounding her arrest, there was little choice this time. Solo was suspended from the team for 30 days. Her suspension was scheduled to end about four months before the World Cup was set to start.

Choosing the best water filter may seem an overwhelming decision, although investing in Water filtration systems at home is almost always a wise option. “In the long run, buying a water filter is always much cheaper than buying mineral water,” Not sure what exactly is in the tap water? Discover, says Campbell, so you can better understand your specific needs by finding the right filters for the job. There are three ways to get information about your water composition. The first is from H2go Water on Demand) annual consumer trust reports; you can find yours here. If you want to receive well water and/or conduct further research yourself, there are other options of Water filtration systems. You can buy an easy-to-use test kit for the home. The most expensive and complete option is to send a sample to a laboratory. It may also take a few weeks for the results to be returned, but you will know the exact composition of the Water supplier near me in Sacramento Call us at- (510) 556-4380

A 360 written report is a good mechanism for annual feedback. But avoid anonymity and numeric ratings, don’t link results to raises or promotions, and open up comments to anyone who is ready to give them.

The FPA, in its 1974 Annual Report, stated that “Studies conducted at Mount Weather involve the control and management of domestic political unrest where there are material shortages (such as food riots) or in strike situations where the FPA determines that there are industrial disruptions and other domestic resource crises.” The report states that the bureaucracy at Mount Weather invokes what it calls “civil crisis management.

The Vera Institute issued its Annual Report in 2009. The Report investigated a twenty-year period during which Dr. Fauci’s NIAID experiments endangered predominantly African American and Latino children in foster care by subjecting them to toxic Phase I and Phase II AIDS drug and vaccine experiments–mostly without parental consent and without the protection of an independent advocate.

YouTube also contains a treasure trove of lectures by nearly all of finance’s leading lights, strewn throughout its vast wasteland of misinformation. Tread carefully. A few wrong clicks and you’ll wind up with a QAnon conspiracist or a crypto bro. Of the names I’ve mentioned in this book, I’d search for John Bogle, Eugene Fama, Kenneth French, Jonathan Clements, Zvi Bodie, William Sharpe, Burton Malkiel, Charles Ellis, and Jason Zweig. Worthwhile finance podcasts abound. Start with the Economist’s weekly “Money Talks” and NPR’s Planet Money, although most of the latter’s superb coverage revolves around economics and relatively little around investing. Rick Ferri’s Boglehead podcast interviews cover mainly passive investing. Another financial podcast I highly recommend is Barry Ritholtz’s Masters in Business from Bloomberg. Podcasts are a rapidly evolving area. Lest you wear your ears out, you’ll need discretion to curate the burgeoning amount of high-quality audio. Research mutual funds. All the fund companies discussed in this book have sophisticated websites from which basic fund facts, such as fees and expenses, can be obtained, as well as annual and semiannual reports that list and tabulate holdings. If you’re researching a large number of funds, this gets cumbersome. The best way is to visit Morningstar.com. Use the site’s search function to locate the main page for the fund you’re interested in and click the “Expense” and “Portfolio” tabs to find the fund expense ratio and detailed data on the fund holdings. Click the “Performance” tab to see the fund’s return over periods ranging from a single day up to 15 years, and the “Chart” tab to compare the returns of multiple funds over a given interval. ***

In late June 2023, the Sovereign Grant Report, an annual document that outlines the royal family’s expenditures, revealed that spending had risen by 5 percent from the previous year to £107.5 million (the second time in history it had broken the £100 million mark). Despite Charles campaigning on environmental issues, reports for 2022 and 2023 also revealed that he still regularly travels by helicopter between his numerous royal residences at an average cost of £15,000 per flight.

Language is the rich fabric that enshrouds all experience that is truly human. Those who are hyperpolyglots therefore adorn multiple layers of beautiful fabrics at the same time. They have multiple lives in one sense; and they certainly have multiple souls.

It’s now a well-researched fact, thanks to a 2023 study by the Federal Reserve. They set out to determine who, exactly, pays for credit card rewards. The results, though expected, are alarming. In their report, the Fed said, “We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, widening existing disparities.”27 Wow.

In 1978, the federal Department of Health, Education, and Welfare reported264 that it lost between $5.5 and $6.5 billion of its $150 billion annual budget to fraud, abuse, and waste. However, just 15 percent of that $5.5 to $6.5 billion—less than 1 percent of HEW’s yearly spending—got siphoned away due to “unlawful, willful misrepresentation (fraud) or excessive services and program violations (abuse).” Further, less than $500 million of the agency’s losses was attributable to the partially federally funded AFDC program. The vast majority of those debits, around $4 billion, came via Medicaid and other health care initiatives

Instead of listening to Hoffman and his lapdog analysts, traders should have heeded the honest warning in Commerce One’s annual report for 1999: “We have never been profitable. We expect to incur net losses for the foreseeable future and we may never be profitable.

Read the notes.Never buy a stock without reading the footnotes to the financial statements in the annual report. Usually labeled “summary of significant accounting policies,” one key note describes how the company recognizes revenue, records inventories, treats installment or contract sales, expenses its marketing costs, and accounts for the other major aspects of its business.7 In the other footnotes, watch for disclosures about debt, stock options, loans to customers, reserves against losses, and other “risk factors” that can take a big chomp out of earnings. Among the things that should make your antennae twitch are technical terms like “capitalized,” “deferred,” and “restructuring”—and plain-English words signaling that the company has altered its accounting practices, like “began,” “change,” and “however.” None of those words mean you should not buy the stock, but all mean that you need to investigate further. Be sure to compare the footnotes with those in the financial statements of at least one firm that’s a close competitor, to see how aggressive your company’s accountants are. Read more. If you are an enterprising investor willing to put plenty of time and energy into your portfolio, then you owe it to yourself to learn more about financial reporting. That’s the only way to minimize your odds of being misled by a shifty earnings statement. Three solid books full of timely and specific examples are Martin Fridson and Fernando Alvarez’s Financial Statement Analysis, Charles Mulford and Eugene Comiskey’s The Financial Numbers Game, and Howard Schilit’s Financial Shenanigans. 8

Their annual report emphasizes that the key to future success requires both “maximizing the value of their current business” through operational excellence and “expanding into new products and capabilities” by leveraging technological expertise—exploring and exploiting.

According to the Giving USA Foundation Annual Report on Philanthropy for the Year 2017, total giving in the United States in 2017 was $410.02 billion. Of that sum, individual giving (including bequests) accounted for $322.35 billion or just under 80 percent of all giving, with corporations accounting for about 5 percent ($20.77 billion) and foundations adding about 16 percent ($66.90 billion). It’s funny how the Pareto principle works, isn’t it?

Alarmed by shifts in public opinion, the NSB devoted an entire section of its 1976 annual report to the issue. Four years later, things were no better, and the president of the National Academy of Sciences warned that “there has arisen an antiscientific, antirationalist trend that should give us pause.

Hopkins’s real mission was the development of biochemistry as an experimental discipline, with its own methodology and way of seeing the world. It was vibrant and fun. The lab’s journal, Brighter Biochemistry, included compilations of verse (Haldane wrote an annual report in rhyming couplets), exam questions from the future, cartoons and cautionary tales, such as laments for ‘Jane who had no bacteriological technique and so perished miserably’ and ‘Belinda who broke everything and left the laboratory under lamentable circumstances.’ Don’t be fooled by their irreverence. These were serious minds at play, and Hoppy’s laboratory nurtured some of the most imaginative and original scientists of their generation, including a number who went on to win Nobel prizes.

Creating Key User Segments The beauty with segmentation is that it can be used for more than email targeting. You can use your segmentation for tracking and reporting, to recruit candidates for interviews, and for quality assurance. If your segmentation doesn’t get you the right users, you want to find out as quickly as possible. Before starting to write emails, you’ll want to create key user segments. Those could be: people who haven’t signed up for your product (if the required data is available); people who signed up today; people who signed up in the last seven days; people who signed up in the last seven days, but didn’t engage, or didn’t activate; people who signed up in the last 30, 60 or 90 days and activated; inactive users; users whose trial is about to end or just ended and that you would eventually like to convert; paid subscribers in their first month; paid subscribers retained for two months or more; subscribers on annual plans; users who you think would be willing to refer your product to others; subscribers who cancelled; subscribers who cancelled more than once; or signups per specific acquisition channel. Don’t go too far, but do try to test real segments with real data. Let them run a few weeks. Do users flow through the way you’d expect them to? Go through random profiles in each of these segments and compare with the data from your database. Are those the users you’d expect to find in each of these segments? Any issues? You want to uncover issues with the implementation or your segmentation as early as possible. It’s easier if you do this—and much less costly in terms of mistakes—before you start sending emails than after. Make sure you can track users across different segments and that your segments truly are mutually exclusive when they need to be. Identify issues, adjust, and refine. This step will save your team a lot of headaches later on. As you test your segments, make them available to the rest of your team. Your colleagues can also help point out issues. At this point, if there aren’t any major issues, your setup is complete. Let’s get started sending some emails!

the FMF program normally requires recipients of U.S. military assistance to spend all of the money here in the United States, to help keep American defense workers employed. Congress grants Israel a special exemption in the annual appropriations bill, however, authorizing it to use about one out of every four U.S. military aid dollars to subsidize its own defense industry. “No other recipient of U.S. military assistance has been granted this benefit,” notes a recent CRS report, and “the proceeds to Israeli defense firms from purchases with U.S. funds have allowed the Israeli defense industry to achieve necessary economies of scale and become highly sophisticated.” By 2004, in fact, Israel, a comparatively small country, had become the world’s eighth largest arms supplier.

The second major opportunity cost is a reduced focus on existing businesses because of the distraction of a bad acquisition. You can see this in Bayer’s annual reports of 2018, 2019, and 2020, in which a lot of ink was expended on justifying the acquisition and on steps being taken to mitigate the disaster. As usual, numbers tell a better story, as I will explain next.

For every company, you see a gazillion pieces of information on tap: revenue growth, profit growth, debt level, margin profile, stock price movement, analysts’ views, bond ratings, Twitter commentary, shareholder information, top management résumés, conference call transcripts, annual reports, quarterly filings, media coverage, competitor profiles, shares bought or sold by senior management, receivable and inventory levels, CEO statements, Reddit threads, hedge fund ownership, and so much more. And all this is just at the company level.

In 1998, the New York Times reported that “in the [annual UCLA] survey taken at the start of the fall semester, 74.9 percent of freshmen chose being well off as an essential goal and 40.8 percent chose developing a philosophy. In 1968, the numbers were reversed, with 40.8 percent selecting financial security and 82.5 percent citing the importance of developing a philosophy.

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D.A.R.E. doesn’t work. A number of well-controlled experiments have shown that the program has no effect on students’ use of tobacco, alcohol, or other drugs. In 2003, the United States General Accounting Office surveyed the evidence and reached the same conclusion. (Apparently, the White House doesn’t pay close attention to reports from the General Accounting Office, or at least not this one.) Amazing amounts of time, effort, and money (more than one billion dollars annually) have been devoted to a program that was not adequately tested and, when it was, turned out to be ineffective.

The requirement for the United States to craft a national security strategy (NSS) document was first codified in the National Security Act of 1947, and amended by the Goldwater-Nichols Department of Defense Reorganization Act of 1986. The 1986 amendment requires the President to submit the document on an annual basis to Congress to provide a comprehensive report on U.S. national security strategy. Both pieces of legislation mandate that the strategy include a "comprehensive description and discussion of worldwide interests, goals, and objectives...that are vital to the national security of the United States." It would also address foreign policy, world wide military commitments, U.S. national defense capabilities, short- and long-term uses of the elements of national power, and the requirement to have the strategy transmitted to Congress in both classified and unclassified form. A number of national security strategies were developed over time prior to the Goldwater-Nichols legislation, to include what many believe was the most significant grand strategy of the era, NSC-68, the key containment strategy against Soviet and Chinese communism. All were crafted during the pre-Goldwater-Nichals Act period at the classified level.

Seychelles said at U.N. climate talks. The report was bound to sharpen disputes in Lima over who pays the bills for the impacts of global warming, whose primary cause is the burning of coal, oil and gas but which also includes deforestation. It has long been the thorniest issue at the U.N. negotiations, now in their 20th round. Rich countries have pledged to help the developing world convert to clean energy and adapt to shifts in global weather that are already adversely affecting crops, human health and economies. But poor countries say they’re not seeing enough cash. Projecting the annual costs that poor countries will face by 2050 just to adapt, the United Nations Environment Program report deemed the previous estimate of $70 billion to $100 billion “a significant underestimate.” It had been based on 2010 World Bank numbers.

In the 1930s hourly wages for the majority of Germans were counted not in Reichsmarks, let alone PPP-adjusted dollars of 1990, but in Pfennigs. Only the most highly paid workers such as skilled machinists or typesetters earned more than one Reichsmark per hour. At the other end of the scale, the lowest-paid male workers in sawmills and textile factories were on hourly rates of 59 Pfennigs.19 Unskilled women workers in textiles or the food industries could expect no more than 42-5 Pfennigs. In 1936, with the German economy at full employment, 14.5 million people, 62 per cent of all German taxpayers, reported annual incomes of less than 1,500 Reichsmarks, corresponding to weekly earnings of just over 30 Reichsmarks and hourly rates of about 141 60 Pfennigs.20 A further 21 per cent, or 5 million white-collar and blue-collar workers, reported annual incomes of between 1,500 and 2,400

Albert Edwards admits that his “über bear” reputation is well deserved, at least with respect to equities, an asset class he has dismissed for the last 10 years. His bearishness has not abated, and for the coming year, he fears that “deflation will overwhelm the west.” Markets, he said, will riot. Edwards is the chief global strategist for Société Générale and he spoke at that firm’s annual global strategy conference in London on January 13. Andrew Lathrope, the firm’s head of global quantitative strategy, and Dr. Marc Faber, the publisher of the Gloom Boom & Doom Report, also spoke.

A fuller picture of the year-end trends emerged Tuesday when the Commerce Department, in separate reports, said the U.S. economy expanded at a 5% seasonally adjusted annual rate in the third quarter, its strongest pace in 11 years, and reported that consumer spending accelerated last month amid rising incomes and falling gasoline prices.

For many new Internet entrepreneurs, Jeff Bezos of Amazon is a great choice. Read all the shareholder letters from Amazon’s annual reports. Reid Hoffman wrote a cool book, The Startup of You.

Graham Newman reports years ago. “Coat-tailing” was the term.

Table 5.4 Top 70 branded manufacturers’ turnover vs. profitability average for 2009/2010 Source: Compiled from various company data, annual reports and specialised financial websites. Sales turnover Number of companies Average net margin > $20 billion 12 11.3% $10–20 billion 18 7.8% $5–10 billion 16 7.4% < $5 billion 24 2.8%

A performance dashboard is a practical tool to improve management effectiveness and efficiency, not just a pretty retrospective picture in an annual report.

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The driver, who had lived in East Berlin until the wall fell in 1989, was happy to report that Berlin was currently the most popular tourist destination in Germany and one of the top three in Europe. During the previous year, nearly thirty million people had visited Berlin, which had only three and a half million permanent residents. The influx of tourists had put a strain on the city’s housing market, making it tough for Berliners to find a decent apartment to rent. Many estate agents and other enterprising individuals were now signing annual leases on apartments simply to sublet them to tourists on sites like Airbnb.

In truth, the U.S.-sponsored international “War on Drugs” is a war on poor people, most of them subsistence farmers caught in a dangerous no-win situation. If the goal of the War on Drugs is to discourage or prevent drug use, it has failed. Among young people in North America drug use has reached unprecedented levels and enjoys unprecedented tolerance. According to figures quoted by Norm Stamper, the number of Americans who have used illegal drugs stands at 77 million. The U.S. Department of Justice reports that the number of prisoners has tripled, from 139 per 100,000 residents in 1980 to 476 per 100,000 in 2002, the vast majority being incarcerated after drug convictions. From 1980 to 1999 the annual number of Americans arrested for drug offences nearly tripled, from 580,900 to 1,532,200. “That’s a lot of enemies,” comments the ex–police chief. If the War’s purpose is to protect people and communities or to improve their quality of life, it fails disastrously. As the personal histories of Downtown Eastside addicts illustrate and as statistics show, the human costs are devastating. “One [result] which is especially cruel and will have a terrible impact on American life for many generations is the large increase in the number of women incarcerated for drug violations,” U.S. District Court Judge John T. Curtin has pointed out. From 1980 to 1996, there has been a 400 percent increase in the number of women prisoners. Many of those jailed for drug violations were mules or assistants. I venture that none was a principal organizer. Many are the mothers of small children who will be left without maternal care, and most probably without any parental care at all…The engine of punitive punishment of mothers will haunt this nation for many years to come. If the War’s aim is to end or even curtail the international drug trade, it has failed there, too. If it is to suppress the cultivation of plants from which the major substances of abuse are derived: once again, abject failure. Truth, once again, is among the inevitable casualties of war.

From 1977 to 1987, our average annual return to investors was 46 percent. And even in the middle of the recession, in 1991, we reported a return on equity of more than 32 percent.

Some people believe labor-saving technological change is bad for the workers because it throws them out of work. This is the Luddite fallacy, one of the silliest ideas to ever come along in the long tradition of silly ideas in economics. Seeing why it's silly is a good way to illustrate further Solow's logic. The original Luddites were hosiery and lace workers in Nottingham, England, in 1811. They smashed knitting machines that embodied new labor-saving technology as a protest against unemployment (theirs), publicizing their actions in circulars mysteriously signed "King Ludd." Smashing machines was understandable protection of self-interest for the hosiery workers. They had skills specific to the old technology and knew their skills would not be worth much with the new technology. English government officials, after careful study, addressed the Luddites' concern by hanging fourteen of them in January 1813. The intellectual silliness came later, when some thinkers generalized the Luddites' plight into the Luddite fallacy: that an economy-wide technical breakthrough enabling production of the same amount of goods with fewer workers will result in an economy with - fewer workers. Somehow it never occurs to believers in Luddism that there's another alternative: produce more goods with the same number of workers. Labor-saving technology is another term for output-per-worker-increasing technology. All of the incentives of a market economy point toward increasing investment and output rather than decreasing employment; otherwise some extremely dumb factory owners are foregoing profit opportunities. With more output for the same number of workers, there is more income for each worker. Of course, there could very well be some unemployment of workers who know only the old technology - like the original Luddites - and this unemployment will be excruciating to its victims. But workers as a whole are better off with more powerful output-producing technology available to them. Luddites confuse the shift of employment from old to new technologies with an overall decline in employment. The former happens; the latter doesn't. Economies experiencing technical progress, like Germany, the United Kingdom, and the United States, do not show any long-run trend toward increasing unemployment; they do show a long-run trend toward increasing income per worker. Solow's logic had made clear that labor-saving technical advance was the only way that output per worker could keep increasing in the long run. The neo-Luddites, with unintentional irony, denigrate the only way that workers' incomes can keep increasing in the long-run: labor-saving technological progress. The Luddite fallacy is very much alive today. Just check out such a respectable document as the annual Human Development Report of the United Nations Development Program. The 1996 Human Development Report frets about "jobless growth" in many countries. The authors say "jobless growth" happens whenever the rate of employment growth is not as high as the rate of output growth, which leads to "very low incomes" for millions of workers. The 1993 Human Development Report expressed the same concern about this "problem" of jobless growth, which was especially severe in developing countries between 1960 and 1973: "GDP growth rates were fairly high, but employment growth rates were less than half this." Similarly, a study of Vietnam in 2000 lamented the slow growth of manufacturing employment relative to manufacturing output. The authors of all these reports forget that having GDP rise faster than employment is called growth of income per worker, which happens to be the only way that workers "very low incomes" can increase.

Catawamteak,” meaning “the great landing,” is what the Abenaki Indians called the early settlement that became Rockland, Maine. Thomaston and Rockland can be bypassed by Route 90, an eight-mile shortcut which I frequently used as a midshipman, but our bus stayed on the main road and stopped to let passengers on and off in both places. At one time Rockland was part of Thomaston, called East Thomaston, but the two towns have long since separated, having very little in common. In the beginning, Rockland developed quickly because of shipbuilding and limestone production. It was, and still is, an important fishing port. Lobsters are the main export and the five-day Maine Lobster Festival is celebrated here annually. The red, three-story brick buildings lining the main street of Rockland, give it the image of an old working town. I have always been impressed by the appearance of these small towns, because to me this is what I had expected Maine to look like. When I first went through the center of Rockland on the bus, I was impressed by the obvious ties the community had with the sea. The fishing and lobster industry was evident by the number of commercial fishing and lobster boats. Rockland was, and still is, the commercial hub of the mid-coastal region of the state. The local radio station WRKD was an important source of local news and weather reports. This was also the radio station that opened each day’s broadcasting with Hal Lone Pine’s song, recorded on Toronto's Arc Records label: “There’s a winding lane on the Coast of Maine that is wound around my heart....” The United States Coast Guard still maintains a base in Rockland, which is reassuring to the families of those who go fishing out on the open waters of Penobscot Bay and the Gulf of Maine. Rockland remains the home of the Farnsworth Art Museum, which has an art gallery displaying paintings by Andrew Wyeth, as well as other New England artists. The Bay Point Hotel that was founded in 1889 had a compelling view of the breakwater and Penobscot Bay. The Victorian style hotel, later known as the Samoset Hotel, had seen better days by 1952 and was closed in 1969. On October 13, 1972, the four-story hotel caught fire in the dining area due to an undetermined cause. Fanned by 20-mile-an-hour north winds, the structure burned to the ground within an hour. However, five years later a new Samoset Resort was founded.

For example, “the richest Americans, those earning more than $ 10 million annually, reported levels of personal happiness only slightly greater than the office staffs and blue-collar workers they employ.

When we become an autonomous organization, we will be one of the largest unadulterated digital security organizations on the planet,” he told the annual Intel Security Focus meeting in Las Vegas. “Not only will we be one of the greatest, however, we will not rest until we achieve our goal of being the best,” said Young. This is the main focus since Intel reported on agreements to deactivate its security business as a free organization in association with the venture company TPG, five years after the acquisition of McAfee. Young focused on his vision of the new company, his roadmap to achieve that, the need for rapid innovation and the importance of collaboration between industries. “One of the things I love about this conference is that we all come together to find ways to win, to work together,” he said. First, Young highlighted the publication of the book The Second Economy: the race for trust, treasure and time in the war of cybersecurity. The main objective of the book is to help the information security officers (CISO) to communicate the battles that everyone faces in front of others in the c-suite. “So we can recruit them into our fight, we need to recruit others on our journey if we want to be successful,” he said. Challenging assumptions The book is also aimed at encouraging information security professionals to challenge their own assumptions. “I plan to send two copies of this book to the winner of the US presidential election, because cybersecurity is going to be one of the most important issues they could face,” said Young. “The book is about giving more people a vision of the dynamism of what we face in cybersecurity, which is why we have to continually challenge our assumptions,” he said. “That’s why we challenge our assumptions in the book, as well as our assumptions about what we do every day.” Young said Intel Security had asked thousands of customers to challenge the company’s assumptions in the last 18 months so that it could improve. “This week, we are going to bring many of those comments to life in delivering a lot of innovation throughout our portfolio,” he said. Then, Young used a video to underscore the message that the McAfee brand is based on the belief that there is power to work together, and that no person, product or organization can provide total security. By allowing protection, detection and correction to work together, the company believes it can react to cyber threats more quickly. By linking products from different suppliers to work together, the company believes that network security improves. By bringing together companies to share intelligence on threats, you can find better ways to protect each other. The company said that cyber crime is the biggest challenge of the digital era, and this can only be overcome by working together. Revealed a new slogan: “Together is power”. The video also revealed the logo of the new independent company, which Young called a symbol of its new beginning and a visual representation of what is essential to the company’s strategy. “The shield means defense, and the two intertwined components are a symbol of the union that we are in the industry,” he said. “The color red is a callback to our legacy in the industry.” Three main reasons for independence According to Young, there are three main reasons behind the decision to become an independent company. First of all, it should focus entirely on enterprise-level cybersecurity, solve customers ‘cybersecurity problems and address clients’ cybersecurity challenges. The second is innovation. “Because we are committed and dedicated to cybersecurity only at the company level, our innovation is focused on that,” said Young. Third is growth. “Our industry is moving faster than any other IT sub-segment, we have t

Risk and mistakes go together, but the general public has limited knowledge of the disturbing facts: •     Medical errors are estimated to cause 440,000 deaths per year in U.S. hospitals alone. It is widely believed that this figure could be grossly inaccurate, because countless mistakes go unreported—death reports offer only the immediate cause, and many doctors band together to protect the reputation of their profession. •     The total direct expense of “adverse events,” as medical mistakes are known, is estimated at hundreds of billions of dollars annually. •     Indirect expenses such as lost economic productivity from premature death and unnecessary illness exceed $1 trillion per year.

Obama could have looked at his own State Department’s annual terrorism reports. Between 2007 and 2011, an average of 6,282 terrorist attacks per year occurred outside of Iraq, Afghanistan, and the U.S. On average, more than 27,000 people were killed, injured, or kidnapped each year.

About 98% of the atoms in the human body are renewed each year. This surprising fact is discussed by Dr. Paul C. Aebersold of Oak Ridge in the latest Annual Report of the Smithsonian Institution. Dr. Aebersold based his conclusion on experiments with radioisotopes, which trace the movements of chemical elements in and out of the body.