Bank Anniversary Quotes

Ladies and gentlemen of the class of '97: Wear sunscreen. If I could offer you only one tip for the future, sunscreen would be it. The long-term benefits of sunscreen have been proved by scientists, whereas the rest of my advice has no basis more reliable than my own meandering experience. I will dispense this advice now. Enjoy the power and beauty of your youth. Oh, never mind. You will not understand the power and beauty of your youth until they've faded. But trust me, in 20 years, you'll look back at photos of yourself and recall in a way you can't grasp now how much possibility lay before you and how fabulous you really looked. You are not as fat as you imagine. Don't worry about the future. Or worry, but know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum. The real troubles in your life are apt to be things that never crossed your worried mind, the kind that blindside you at 4 pm on some idle Tuesday. Do one thing everyday that scares you. Sing. Don't be reckless with other people's hearts. Don't put up with people who are reckless with yours. Floss. Don't waste your time on jealousy. Sometimes you're ahead, sometimes you're behind. The race is long and, in the end, it's only with yourself. Remember compliments you receive. Forget the insults. If you succeed in doing this, tell me how. Keep your old love letters. Throw away your old bank statements. Stretch. Don't feel guilty if you don't know what you want to do with your life. The most interesting people I know didn't know at 22 what they wanted to do with their lives. Some of the most interesting 40-year-olds I know still don't. Get plenty of calcium. Be kind to your knees. You'll miss them when they're gone. Maybe you'll marry, maybe you won't. Maybe you'll have children, maybe you won't. Maybe you'll divorce at 40, maybe you'll dance the funky chicken on your 75th wedding anniversary. Whatever you do, don't congratulate yourself too much, or berate yourself either. Your choices are half chance. So are everybody else's. Enjoy your body. Use it every way you can. Don't be afraid of it or of what other people think of it. It's the greatest instrument you'll ever own. Dance, even if you have nowhere to do it but your living room. Read the directions, even if you don't follow them. Do not read beauty magazines. They will only make you feel ugly. Get to know your parents. You never know when they'll be gone for good. Be nice to your siblings. They're your best link to your past and the people most likely to stick with you in the future. Understand that friends come and go, but with a precious few you should hold on. Work hard to bridge the gaps in geography and lifestyle, because the older you get, the more you need the people who knew you when you were young. Live in New York City once, but leave before it makes you hard. Live in Northern California once, but leave before it makes you soft. Travel. Accept certain inalienable truths: Prices will rise. Politicians will philander. You, too, will get old. And when you do, you'll fantasize that when you were young, prices were reasonable, politicians were noble, and children respected their elders. Respect your elders. Don't expect anyone else to support you. Maybe you have a trust fund. Maybe you'll have a wealthy spouse. But you never know when either one might run out. Don't mess too much with your hair or by the time you're 40 it will look 85. Be careful whose advice you buy, but be patient with those who supply it. Advice is a form of nostalgia. Dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it's worth. But trust me on the sunscreen.

Enjoy the power and beauty of your youth; oh nevermind; you will not understand the power and beauty of your youth until they have faded. But trust me, in 20 years you’ll look back at photos of yourself and recall in a way you can’t grasp now how much possibility lay before you and how fabulous you really looked….You’re not as fat as you imagine. Don’t worry about the future; or worry, but know that worrying is as effective as trying to solve an algebra equation by chewing bubblegum. The real troubles in your life are apt to be things that never crossed your worried mind; the kind that blindside you at 4pm on some idle Tuesday. Do one thing everyday that scares you Sing Don’t be reckless with other people’s hearts, don’t put up with people who are reckless with yours. Floss Don’t waste your time on jealousy; sometimes you’re ahead, sometimes you’re behind…the race is long, and in the end, it’s only with yourself. Remember the compliments you receive, forget the insults; if you succeed in doing this, tell me how. Keep your old love letters, throw away your old bank statements. Stretch Don’t feel guilty if you don’t know what you want to do with your life…the most interesting people I know didn’t know at 22 what they wanted to do with their lives, some of the most interesting 40 year olds I know still don’t. Get plenty of calcium. Be kind to your knees, you’ll miss them when they’re gone. Maybe you’ll marry, maybe you won’t, maybe you’ll have children,maybe you won’t, maybe you’ll divorce at 40, maybe you’ll dance the funky chicken on your 75th wedding anniversary…what ever you do, don’t congratulate yourself too much or berate yourself either – your choices are half chance, so are everybody else’s. Enjoy your body, use it every way you can…don’t be afraid of it, or what other people think of it, it’s the greatest instrument you’ll ever own.. Dance…even if you have nowhere to do it but in your own living room. Read the directions, even if you don’t follow them. Do NOT read beauty magazines, they will only make you feel ugly. Get to know your parents, you never know when they’ll be gone for good. Be nice to your siblings; they are the best link to your past and the people most likely to stick with you in the future. Understand that friends come and go,but for the precious few you should hold on. Work hard to bridge the gaps in geography and lifestyle because the older you get, the more you need the people you knew when you were young.

The liabilities of the bank thus became its deposits (on which it paid interest) plus its reserve (on which it could collect no interest); its assets became its loans (on which it could collect interest).

poverty is not the result of rapacious financiers exploiting the poor. It has much more to do with the lack of financial institutions, with the absence of banks, not their presence. Only when borrowers have access to efficient credit networks can they escape from the clutches of loan sharks, and only when savers can deposit their money in reliable banks can it be channelled from the idle rich to the industrious poor.

As he was speaking, he kept reminding himself that he was going to a rendezvous and that not a living soul knew about it, or, probably, ever would. He led a double life--one in public, in the sight of all whom it concerned, full of conventional truth and conventional deception, exactly like the lives of his friends and acquaintances, and another which flowed in secret. And, owing to some strange, possibly quite accidental chain of circumstances, everything that was important, interesting, essential, everything about which he was sincere and never deceived himself, everything that composed the kernel of his life, went on in secret, while everything that was false in him, everything that composed the husk in which he hid himself and the truth which was in him--his work at the bank, discussions at the club, his 'lower race,' his attendance at anniversary celebrations with his wife--was on the surface. He began to judge others by himself, no longer believing what he saw, and always assuming that the real, the only interesting life of every individual goes on as under cover of night, secretly. Every individual existence revolves around mystery, and perhaps that is the chief reason that all cultivated individuals insisted so strongly on the respect due to personal secrets.

Large numbers of under-capitalized banks were a recipe for financial instability, and panics were a regular feature of American economic life - most spectacularly in the Great Depression, when a major banking crisis was exacerbated rather than mitigated by a monetary authority that had been operational for little more than fifteen years.

British experimenters used Bank of England sealing wax to make glass tubes airtight.

When stolen securities got big, we used to have Wall Street types all over the place buying up bearer bonds. They would send them overseas, where the banks didn’t know they were stolen, and then they’d use the hot bonds as collateral on loans in this country. Once the stolen bonds were accepted as collateral, nobody ever checked their serial numbers again. We’re talking about millions of dollars in collateral forever. We got robbed on those jobs. At that time we didn’t have any idea about collateralizing foreign loans. The bankers took us to the cleaners. We got pennies for the dollar.

There is, of course, another anniversary that will follow our Independence Day: your day of mourning, Nakba Day. The Palestinian catastrophe of 1948. Not of 1967, not of the occupation and the West Bank settlements, but of the founding of Israel. That is the heart of the Palestinian grievance against me. My national existence.

PRIVATE VICTORY Habit 1 1. Pause and respond based on principles and desired results. 2. Use proactive language. 3. Focus on your Circle of Influence. 4. Become a Transition Person. Habit 2 5. Define outcomes before you act. 6. Create and live by a personal mission statement. Habit 3 7. Focus on your highest priorities. 8. Eliminate the unimportant. 9. Plan every week. 10. Stay true in the moment of choice. PUBLIC VICTORY 11. Build your Emotional Bank Account with others. Habit 4 12. Have an Abundance Mentality. 13. Balance courage and consideration. 14. Consider other people’s wins as well as your own. 15. Create Win-Win Agreements. Habit 5 16. Practice Empathic Listening. 17. Respectfully seek to be understood. Habit 6 18. Value differences. 19. Seek 3rd Alternatives. Habit 7 20. Achieve the Daily Private Victory. 21. Balance production and production capability.

the sales reps walks by her office, taps on the glass wall and calls out, ‘Yo, Soph!’ She calls back ‘Yo, Matt!’ and waves a fist in the air like a homeboy. She is such a fraud. She taps quickly on the delete key, thinking with pleasurable horror of the reaction if she had accidentally clicked on ‘send’. Their hurt, earnest faces! What can Thomas possibly want, after all this time? She finds herself remembering a sugary-brown smell. It is the smell of cinnamon toast, frangipani blossoms and Mr Sheen –the smell of his Aunt Connie’s house. Sophie had been going out with Thomas for nearly a year when she decided to break up with him. The decision was the result of weeks of agonised self-analysis. Yes, she loved him, but did she love him for the right reasons? She knew, for example, that it was right to love a man for his kind heart, but wrong to love him for his bank account. It was fine to love him for his gorgeous blue eyes, but shallow to love him for his tanned muscles. (Unless, of course, they were uniquely his muscles,

Now that the worst cold is over, now that the snow is beginning to thaw in the Crimea and in southern Russia, I am unable to leave my post, as preparations for the final confrontation are being made, to settle accounts with this conspiracy in which the banking houses in the plutocratic world and the vaults of the Kremlin pursue the same goal: the extermination of the Aryan people and races. This community of Jewish capitalism and Communism is nothing new to us old National Socialists, especially to you, my oldest comrades in arms. As before, during, and after the First World War in our country, so today the Jews and again only the Jews have to be held responsible for tearing apart the nations. There is a difference, however, if we compare the present world struggle with the end of the war from 1914–1918. In 1919, we National Socialists were a small group of believers who not only recognized the international enemy of mankind but also fought him. Today, the ideas of our National Socialist and Fascist revolution have conquered great and mighty states. My prophecy will be fulfilled that this war will not destroy the Aryan, but, instead, it will exterminate the Jew. Whatever the struggle may bring, however long it may last, this will be its final result. And only then, after the elimination of these parasites, a long era of international understanding, and therefore of true peace, will come over the suffering world. Adolf Hitler – proclamation for the 22-th anniversary of the N.S.D.A.P. (read by Gauleiter Adolf Wagner) Fuhrer Headquarters, February 24, 1942

Year after year, they are joined by a new age group from Germany’s youth, totally educated in accordance with National Socialist principles, forged together by the ideas of our Volksgemeinschaft, and willing to move against anyone who should dare to sin against our fight for freedom. And just as in the time of the party’s struggle for power, our female party comrades, our German women and girls, were the most reliable supports of the movement, so now again the multitude of our women and girls form the strongest element in the struggle for the preservation of our Volk. After all, thank God, not only the Jews in London and New York but also those in Moscow made clear what fate might be in store for the German Volk. We are determined to be no less clear in our answer. This fight will not end with the planned annihilation of the Aryan but with the extermination of the Jew in Europe. Beyond this, thanks to this fight, our movement’s world of thought will become the common heritage of all people, even of our enemies. State after state will be forced, in the course of its fight against us, to apply National Socialist theories in waging this war that was provoked by them. And in so doing, it will become aware of the curse that the criminal work of Jewry has laid over all people, especially through this war. As our enemies thought in 1923 that the National Socialist Party was defeated for good and that I was finished with in the eyes of the German Volk because of my trial, so they actually helped National Socialist ideology to spread like wildfire through the entire German Volk and convey the essence of Jewry to so many million men, as we ourselves would never have been able to do under normal circumstances. In the same manner international Jewry, which instigated this new war, will find out that nation after nation engrosses itself more and more in this question to become finally aware of the great danger presented by this international problem. Above all, this war proves the irrefutable identity of plutocracy and Bolshevism, and the common ambition of all Jews to exploit nations and make them the slaves of their international guild of criminals. The same alliance we once faced as our common enemies in Germany, an alliance between the stock exchange in Frankfurt and the “Red Flag” in Berlin, now again exists between the Jewish banking houses in New York, the Jewishplutocratic class of leaders in London, and the Jews in the Kremlin in Moscow. Just as the German Volk successfully fought the Jewish enemy at home as a consequence of this realization and is now about to finish it off for good, the other nations will increasingly find themselves again in the course of this war. Together, they will make a stand against that race that is seeking to destroy all of them. Proclamation for the 23th anniversary of the N.S.D.A.P. (read by Hermann Esser) Fuhrer Headquarters, February 24, 1943

Everybody’s Free (To Wear Sunscreen)” Ladies and Gentlemen of the class of '99: Wear sunscreen. If I could offer you only one tip for the future, sunscreen would be it. The long term benefits of sunscreen have been proved by scientists, whereas the rest of my advice has no basis more reliable than my own meandering experience. I will dispense this advice now. Enjoy the power and beauty of your youth; oh never mind; you will not understand the power and beauty of your youth until they've faded. But trust me, in 20 years you’ll look back at photos of yourself and recall in a way you can’t grasp now how much possibility lay before you and how fabulous you really looked. You are not as fat as you imagine. Don’t worry about the future; or worry, but know that worrying is as effective as trying to solve an algebra equation by chewing bubblegum. The real troubles in your life are apt to be things that never crossed your worried mind; the kind that blindside you at 4:00 pm on some idle Tuesday. Do one thing everyday that scares you. Sing. Don’t be reckless with other people’s hearts; don’t put up with people who are reckless with yours. Floss. Don’t waste your time on jealousy; sometimes you’re ahead; sometimes you’re behind; the race is long, and in the end it’s only with yourself. Remember compliments you receive; forget the insults. If you succeed in doing this, tell me how. Keep your old love letters; throw away your old bank statements. Stretch. Don’t feel guilty if you don’t know what you wanna do with your life; the most interesting people I know didn’t know at 22 what they wanted to do with their lives; some of the most interesting 40 year olds I know still don’t. Get plenty of calcium. Be kind to your knees; you’ll miss them when they’re gone. Maybe you’ll marry -- maybe you won’t. Maybe you’ll have children -- maybe you won’t. Maybe you’ll divorce at 40 -- maybe you’ll dance the funky chicken on your 75th wedding anniversary. Whatever you do, don’t congratulate yourself too much or berate yourself either -- your choices are half chance; so are everybody else’s. Enjoy your body; use it every way you can. Don’t be afraid of it, or what other people think of it. It’s the greatest instrument you’ll ever own. Dance. even if you have nowhere to do it but in your own living room. Read the directions, even if you don’t follow them. Do not read beauty magazines; they will only make you feel ugly. Get to know your parents; you never know when they’ll be gone for good. Be nice to your siblings; they're your best link to your past and the people most likely to stick with you in the future. Understand that friends come and go, but for the precious few you should hold on. Work hard to bridge the gaps in geography, in lifestyle, because the older you get the more you need the people you knew when you were young. Live in New York City once, but leave before it makes you hard. Live in Northern California once, but leave before it makes you soft. Travel. Accept certain inalienable truths: prices will rise; politicians will philander; you too will get old, and when you do you’ll fantasize that when you were young prices were reasonable, politicians were noble, and children respected their elders. Respect your elders. Don’t expect anyone else to support you. Maybe you have a trust fund; maybe you'll have a wealthy spouse; but you never know when either one might run out. Don’t mess too much with your hair, or by the time you're 40, it will look 85. Be careful whose advice you buy, but be patient with those who supply it. Advice is a form of nostalgia: dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts, and recycling it for more than it’s worth. But trust me on the sunscreen. Baz Luhrmannk, William Shakespeare's Romeo & Juliet (1996)

Between 1929 and 1933, the public succeeded in increasing its cash holdings by 31 per cent; commercial bank reserves were scarcely altered (indeed, surviving banks built up excess reserves); but commercial bank deposits decreased by 37 per cent and loans by 47 per cent. The absolute numbers reveal the lethal dynamic of the ‘great contraction’. An increase of cash in public hands of $1.2 billion was achieved at the cost of a decline in bank deposits of $15.6 billion and a decline in bank loans of $19.6 billion, equivalent to 19 per cent of 1929 GDP.91

then resold their loans in bulk to Wall Street banks. The banks, in turn, bundled the loans into high-yielding residential mortgage-backed securities (RMBS) and sold them on to investors around the world, all eager for a few hundredths of a percentage point more return on their capital. Repackaged as collateralized debt obligations (CDOs), these subprime securities could be transformed from risky loans to flaky borrowers into triple-A rated investment-grade securities.

Roughly two fifths of the world’s population is effectively outside the financial system, without access to bank accounts, much less credit.

banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to ‘facilitate the movement of money from point A, where it is, to point B, where it is needed’.48 Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.

only when savers can put their money in reliable banks that it can be channelled from the idle to the industrious.

Its prime cause was the rise and fall of ‘securitized lending’, which allowed banks to originate loans but then repackage and sell them on. And that was only possible because the rise of banks was followed by the ascent of the second great pillar of the modern financial system: the bond market.

After the creation of credit by banks, the birth of the bond was the second great revolution in the ascent of money.

Governments (and large corporations) issue bonds as a way of borrowing money from a broader range of people and institutions than just banks.

Credit was, quite simply, the total of banks’ assets (loans).

relationships between debtors and creditors brokered or ‘intermediated’ by increasingly numerous institutions called banks. The core function of these institutions was now information gathering and risk management.

the Bank’s proper role in a crisis as the ‘lender of last resort’, to lend freely, albeit at a penalty rate, to combat liquidity crises.42

There were no cheques; instructions were given orally and written in the bank’s books. There was no interest; depositors were given discrezione (in proportion to the annual profits of the firm) to compensate them for risking their money.33

They achieved this by learning a crucial lesson: in finance small is seldom beautiful. By making their bank bigger and more diversified than any previous financial institution, they found a way of spreading their risks. And by engaging in currency trading as well as lending, they reduced their vulnerability to defaults.

The Amsterdam Exchange Bank (Wisselbank) was set up in 1609 to resolve the practical problems created for merchants by the circulation of multiple currencies in the United Provinces, where there were no fewer than fourteen different mints and copious quantities of foreign coins.

By allowing merchants to set up accounts denominated in a standardized currency, the Exchange Bank pioneered the system of cheques and direct debits or transfers that we take for granted today. This allowed more and more commercial transactions to take place without the need for the sums involved to materialize in actual coins.

The limitation on this system was simply that the Exchange Bank maintained something close to a 100 per cent ratio between its deposits and its reserves of precious metal and coin. As late as 1760, when its deposits stood at just under 19 million florins, its metallic reserve was over 16 million. A run on the bank was therefore a virtual impossibility, since it had enough cash on hand to satisfy nearly all of its depositors if, for some reason, they all wanted to liquidate their deposits at once. This made the bank secure, no doubt, but it prevented it performing what would now be seen as the defining characteristic of a bank, credit creation.

Although it performed the same functions as the Dutch Wisselbank, the Riksbank was also designed to be a Lanebank, meaning that it engaged in lending as well as facilitating commercial payments. By lending amounts in excess of its metallic reserve, it may be said to have pioneered the practice of what would later be known as fractional reserve banking, exploiting the fact that money left on deposit could profitably be lent out to borrowers.

M0 (also known as the monetary base or high-powered money), which is equal to the total liabilities of the central bank, that is, cash plus the reserves of private sector banks on deposit at the central bank; and M1 (also known as narrow money), which is equal to cash in circulation plus demand or ‘sight’ deposits.

currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s).

Much sooner, and to a much greater extent than in Britain, the German and Austrian authorities had to turn to their central banks for short-term funding.

Today, banking assets (that is, loans) in the world’s major economies are equivalent to around 150 per cent of those countries’ combined GDP.

As the banks took over the securities, the ratios between their capital and their assets lurched down towards their regulatory minima. Central banks in the United States and Europe sought to alleviate the pressure on the banks with interest rate cuts

Driving Dixie Down In May 1863, two years into the American Civil War, Major-General Ulysses S. Grant captured Jackson, the Mississippi state capital, and forced the Confederate army under Lieutenant-General John C. Pemberton to retreat westward to Vicksburg on the banks of the Mississippi River. Surrounded, with Union gunboats bombarding their positions from behind, Pemberton’s army repulsed two Union assaults but they were finally starved into submission by a grinding siege. On 4 July, Independence Day, Pemberton surrendered. From now on, the Mississippi was firmly in the hands of the North. The South was literally split in two.

Europe’s central banks had nearly all committed themselves to the gold standard by 1908; that meant that they nearly all had to target their gold reserves, raising rates (or otherwise intervening) if they experienced a specie outflow. At the very least, this simplified life for investors, by reducing the risk of large exchange rate fluctuations.

the crisis prompted the issue of emergency paper money: in Britain, £1 and 10s Treasury notes; in the United States, the emergency currency that banks were authorized to issue under the Aldrich-Vreeland Act of 1908.46 Then, as now, the authorities reacted to a liquidity crisis by printing money.

without easy credit creation a true bubble cannot occur. That is why so many bubbles have their origins in the sins of omission or commission of central banks.

it was decreed that Banque Générale notes should be used in payment for all taxes, a measure initially resisted in some places but effectively enforced by the government. Law’s ambition was to revive economic confidence in France by establishing a public bank, on the Dutch model, but with the difference that this bank would issue paper money. As money was invested in the bank, the government’s huge debt would be consolidated. At the same time, paper money would revive French trade - and with it French economic power.

the Japanese experience, when a conscious effort by the central bank to prick an asset bubble ended up triggering an 80 per cent stock market sell-off and a decade of economic stagnation.

And from 1966, under Regulation Q, there was a ceiling of 5.5 per cent on their deposit rates, a quarter of a per cent more than banks were allowed to pay.

A wave of unease traveled the room. Everyone recalled Levi’s memorable introduction to the Surrey City Press. Kim had been a new hire, only on the job a few days. At Levi’s first staff meeting, he’d loudly noted that her byline—Kimmy Jones—made it sound as if she were writing for the school newspaper, which she had been only months before. Adding insult to injury, Levi had handed Kim back a redlined piece she’d done on the 140th anniversary of Benjamin Franklin Savings Bank. From there he’d remarked, “If you rewrite the lead, find a quote worth using, and back off the superlatives, it might not sound like a college student wrote it.” And that was the beginning of Levi St John—expert at handling a newspaper agenda, disturbingly dense in the area of personal communication.

Traditions are conditioned reflexes. Throughout Part 2 of this book, you will find suggestions for establishing family traditions that will trigger happy anticipation and leave lasting, cherished memories. Traditions around major holidays and minor holidays. Bedtime, bath-time, and mealtime traditions; sports and pastime traditions; birthday and anniversary traditions; charitable and educational traditions. If your family’s traditions coincide with others’ observances, such as celebrating Thanksgiving, you will still make those traditions unique to your family because of the personal nuances you add. Volunteering at the food bank on Thanksgiving morning, measuring and marking their heights on the door frame in the basement, Grandpa’s artistic carving of the turkey, and their uncle’s famous gravy are the traditions our kids salivated about when they were younger, and still do on their long plane rides home at the end of November each year. (By the way, our dog Lizzy has confirmed Pavlov’s observations; when the carving knife turns on, cue the saliva, tail wagging, and doggy squealing.) But don’t limit your family’s traditions to the big and obvious events like Thanksgiving. Weekly taco nights, family book club and movie nights, pajama walks, ice cream sundaes on Sundays, backyard football during halftime of TV games, pancakes in Mom and Dad’s bed on weekends, leaf fights in the fall, walks to the sledding hill on the season’s first snow, Chinese food on anniversaries, Indian food for big occasions, and balloons hanging from the ceiling around the breakfast table on birthday mornings. Be creative, even silly. Make a secret family noise together when you’re the only ones in the elevator. When you share a secret that “can’t leave this room,” everybody knows to reach up in the air and grab the imaginary tidbit before it can get away. Have a family comedy night or a talent show on each birthday. Make holiday cards from scratch. Celebrate major family events by writing personalized lyrics to an old song and karaoking your new composition together. There are two keys to establishing family traditions: repetition and anticipation. When you find something that brings out excitement and smiles in your kids, keep doing it. Not so often that it becomes mundane, but on a regular and predictable enough basis that it becomes an ingrained part of the family repertoire. And begin talking about the traditional event days ahead of time so by the time it finally happens, your kids are beside themselves with excitement. Anticipation can be as much fun as the tradition itself.

Ensure that the cash flow into the organisation is regular and long-term. Outstandings have to be reduced. Collections from customers should be in time. A good banking and accounting system should be in place. Monitor finance reports regularly to keep an eye on these.

You have to build the skills of empathic listening on a base of character that inspires openness and trust. And you have to build the Emotional Bank Accounts that create a commerce between hearts.

Prime Minister Ariel Sharon. The letter was given to Sharon by Bush to help Sharon justify his unilateral withdrawal of 9,480 Jewish residents and the Israeli Army from Gaza, as part of a ‘peace’ effort to create a new separate Palestinian state, as part of a future ‘two state solution’. Sharon relied on Bush’s letter. In the letter, Bush made four promises to Israel: 1.) The borders of the new Muslim state to be created would not encompass the entire West Bank (referring to Israel as “Judea” and “Samaria,” including Jerusalem), despite Muslim leaders demanding the complete withdrawal from the areas Israel captured when it was invaded in 1967; 2.) Jewish towns and villages in the West Bank would be incorporated into the borders of Israel; 3.) Muslims would have to forego their demand to be given the right to immigrate to Israel; and 4.) Israel’s existence as a Jewish state would be assured. Unfortunately, four years later, in 2008, the Bush administration abandoned these assurances made to Prime Minister Sharon in 2004. Secretary of State Rice told reporters in Israel on the occasion of Israel’s 60th Anniversary as a re-born State that the 2004 letter “talked about realities at that time. And there are realities for both sides…” In an interview in the Oval Office with David Horowitz, editor of the Jerusalem Post, President Bush had to be reminded of the letter by his National Security Adviser, Stephen Hadley, who said in briefings that “Israel has tried to overstate the importance of a rather vague letter.” (Jerusalem Post, May 14, 2008).

Let us imagine a lateral world, set only infinitesimally to the side of the one we think we know, in which just this has come to pass. The British people suffer beneath a Tory despotism of previously unimagined rigor and cruelty. Under military rule, Ireland has become a literal shambles—Catholics of any worth or ability are routinely identified when young, and imprisoned or assassinated forthwith. Orange Lodges are ubiquitous, and every neighborhood is administered from one. A sort of grim counter-Christmas runs from the first to the twelfth of July, anniversaries of the Boyne and Aughrim. France, southern Germany, Austria-Hungary, and Russia have combined in a protective League of Europe, intended to keep Britain an outcast from the community of nations. Her only ally is the U.S., which has become a sort of faithful sidekick, run basically by the Bank of England and the gold standard. India and the colonies are if possible worse off than they were.

The first is that poverty is not the result of rapacious financiers exploiting the poor. It has much more to do with the lack of financial institutions, with the absence of banks, not their presence.