Finance Settlement Quotes

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So here we have found a means of a) alienating even the most flexible and patient Palestinians; while b) frustrating the efforts of the more principled and compromising Israelis; while c) empowering and financing some of the creepiest forces in American and Israeli society; and d) heaping ordure on our own secular founding documents. When will the Justice Department and the Congress and the Supreme Court become aware of this huge and rank offense, which is designed to bring us ever nearer to holy war?
Christopher Hitchens
1 and 2. The United States represents less than 5 percent of the world’s population; it consumes more than 25 percent of the world’s resources. This is accomplished to a large degree through the exploitation of other countries, primarily in the developing world. Point 3. The United States maintains the largest and most sophisticated military in the world. Although this empire has been built primarily through economics—by EHMs—world leaders understand that whenever other measures fail, the military will step in, as it did in Iraq. Point 4. The English language and American culture dominate the world. Points 5 and 6. Although the United States does not tax countries directly, and the dollar has not replaced other currencies in local markets, the corporatocracy does impose a subtle global tax and the dollar is in fact the standard currency for world commerce. This process began at the end of World War II when the gold standard was modified; dollars could no longer be converted by individuals, only by governments. During the 1950s and 1960s, credit purchases were made abroad to finance America’s growing consumerism, the Korean and Vietnam Wars, and Lyndon B. Johnson’s Great Society. When foreign businessmen tried to buy goods and ser vices back from the United States, they found that inflation had reduced the value of their dollars—in effect, they paid an indirect tax. Their governments demanded debt settlements in gold. On August 15, 1971, the Nixon administration refused and dropped the gold standard altogether.   Washington
John Perkins (The Secret History of the American Empire: The Truth About Economic Hit Men, Jackals, and How to Change the World (John Perkins Economic Hitman Series))
He had always assumed that a time would come in adulthood, a kind of plateau, when he would have learned all the tricks of managing, of simply being. All mail and e-mails answered, all papers in order, books alphabetically on the shelves, clothes and shoes in good repair in the wardrobes, and all his stuff where he could find it, with the past, including its letters and photographs, sorted into boxes and files, the private life settled and serene, accommodation and finances likewise. In all these years this settlement, the calm plateau, had never appeared, and yet he had continued to assume, without reflecting on the matter, that it was just around the next turn, when he would exert himself and reach it, that moment when his life became clear and his mind free, when his grown-up existence could properly begin. But not long after Catriona's birth, about the time he met Darlene, he thought he saw it for the first time: on the day he died he would be wearing unmatching socks, there would be unanswered e-mails, and in the hovel he called home there would still be shirts missing cuff buttons, a malfunctioning light in the hall, and unpaid bills, uncleared attics, dead flies, friends waiting for a reply, and lovers he had not owned up to. Oblivion, the last word in organization, would be his only consolation.
Ian McEwan (Solar)
Sometimes he wondered if it wasn’t all a giant con, the gaggle of letters after his name, the dinners with Angela Merkel and Narendra Modi, the notes from Gordon Brown and Larry Summers. They were like those fake Oscar statues bought at ‘World’s Greatest Photocopier’ or ‘Best Lightbulb Changer in the Galaxy.’ When he died only his writing would remain, until it was rendered obsolete when oil and coal ran out and the species established its first settlement on Mars. Professor Chandra was the foremost trade economist in the world, could phone any finance minister in any country at any time and have them take his call. And yet, what if he had only convinced himself that the world envied him? What if, in reality, they felt sorry for him with his swollen ego and his Savile Row suits and his sculpted tri-continental accent?
Rajeev Balasubramanyam (Professor Chandra Follows His Bliss)
Points 1 and 2. The United States represents less than 5 percent of the world’s population; it consumes more than 25 percent of the world’s resources. This is accomplished to a large degree through the exploitation of other countries, primarily in the developing world. Point 3. The United States maintains the largest and most sophisticated military in the world. Although this empire has been built primarily through economics—by EHMs—world leaders understand that whenever other measures fail, the military will step in, as it did in Iraq. Point 4. The English language and American culture dominate the world. Points 5 and 6. Although the United States does not tax countries directly, and the dollar has not replaced other currencies in local markets, the corporatocracy does impose a subtle global tax and the dollar is in fact the standard currency for world commerce. This process began at the end of World War II when the gold standard was modified; dollars could no longer be converted by individuals, only by governments. During the 1950s and 1960s, credit purchases were made abroad to finance America’s growing consumerism, the Korean and Vietnam Wars, and Lyndon B. Johnson’s Great Society. When foreign businessmen tried to buy goods and ser vices back from the United States, they found that inflation had reduced the value of their dollars—in effect, they paid an indirect tax. Their governments demanded debt settlements in gold.
John Perkins (The Secret History of the American Empire: The Truth About Economic Hit Men, Jackals, and How to Change the World (John Perkins Economic Hitman Series))
the Cook expedition had another, far less benign result. Cook was not only an experienced seaman and geographer, but also a naval officer. The Royal Society financed a large part of the expedition’s expenses, but the ship itself was provided by the Royal Navy. The navy also seconded eighty-five well-armed sailors and marines, and equipped the ship with artillery, muskets, gunpowder and other weaponry. Much of the information collected by the expedition – particularly the astronomical, geographical, meteorological and anthropological data – was of obvious political and military value. The discovery of an effective treatment for scurvy greatly contributed to British control of the world’s oceans and its ability to send armies to the other side of the world. Cook claimed for Britain many of the islands and lands he ‘discovered’, most notably Australia. The Cook expedition laid the foundation for the British occupation of the south-western Pacific Ocean; for the conquest of Australia, Tasmania and New Zealand; for the settlement of millions of Europeans in the new colonies; and for the extermination of their native cultures and most of their native populations.2 In the century following the Cook expedition, the most fertile lands of Australia and New Zealand were taken from their previous inhabitants by European settlers. The native population dropped by up to 90 per cent and the survivors were subjected to a harsh regime of racial oppression. For the Aborigines of Australia and the Maoris of New Zealand, the Cook expedition was the beginning of a catastrophe from which they have never recovered. An even worse fate befell the natives of Tasmania. Having survived for 10,000 years in splendid isolation, they were completely wiped out, to the last man, woman and child, within a century of Cook’s arrival. European settlers first drove them off the richest parts of the island, and then, coveting even the remaining wilderness, hunted them down and killed them systematically. The few survivors were hounded into an evangelical concentration camp, where well-meaning but not particularly open-minded missionaries tried to indoctrinate them in the ways of the modern world. The Tasmanians were instructed in reading and writing, Christianity and various ‘productive skills’ such as sewing clothes and farming. But they refused to learn. They became ever more melancholic, stopped having children, lost all interest in life, and finally chose the only escape route from the modern world of science and progress – death. Alas,
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Payments between countries which take the form of the transfer of goods and services, or still more of their fruitful exchange, are not only just but beneficial. Payments which are only the arbitrary, artificial transmission across the exchange of such very large sums as arise in war finance cannot fail to derange the whole process of world economy. This is equally true whether the payments are exacted from an ally who shared the victory and bore much of the brunt or from a defeated enemy nation. The enforcement of the Baldwin–Coolidge debt settlement is a recognisable factor in the economic collapse which was presently to overwhelm the world, to prevent its recovery and inflame its hatreds.
Winston S. Churchill (The Gathering Storm: The Second World War, Volume 1 (Winston Churchill World War II Collection))
In new and sanitized suburban towns, a young generation thus dreamed of cures—of a death-free, disease-free existence. Lulled by the idea of the durability of life, they threw themselves into consuming durables: boat-size Studebakers, rayon leisure suits, televisions, radios, vacation homes, golf clubs, barbecue grills, washing machines. In Levittown, a sprawling suburban settlement built in a potato field on Long Island—a symbolic utopia—“illness” now ranked third in a list of “worries,” falling behind “finances” and “child-rearing.” In fact, rearing children was becoming a national preoccupation at an unprecedented level. Fertility rose steadily—by 1957, a baby was being born every seven seconds in America. The “affluent society,” as the economist John Galbraith described it, also imagined itself as eternally young, with an accompanying guarantee of eternal health—the invincible society.
Siddhartha Mukherjee (The Emperor of All Maladies: A Biography of Cancer)
As its name suggests, Tri-Party Repo is an agreement between three parties. There’s the seller of the securities (the securities dealer), the buyer of the securities (cash investor), and the clearing bank (the bank that holds both the securities and the cash). The cash investor liked the transaction because they have better security. They knew the securities were priced and margined correctly by the clearing bank. For the securities dealer, Tri-Party minimized settlements and ticket processing. It gave them more time to allocate collateral throughout the day, and it made it easier to finance smaller pieces. The clearing bank did most of the work. They handled the risk management, pricing the collateral, and accommodated collateral substitutions. They managed the settlement risk, cleared the trades, provided valuation, and the position reporting. And, on top of that, they get paid a fee. Sounds like everyone wins! When there was a problem with HIC Repo, the market figured out a way to reduce investor risk. It brought cash investors back to the Repo market.
Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
Looking across the restaurant table, I could see the sadness in my mother's eyes. A good friend of hers had just gone through a bitter divorce. Suddenly, after more than three decades of marriage to a wealthy surgeon, the friend now found herself living in a tiny apartment, struggling to make ends meet as a $25,000-a-year secretary. Like many formerly well-o women, she had never paid much attention to her family's finances, and as a result her estranged husband was able to run rings around her in the settlement talks. It was a terrible thing—all the more so because it could have been prevented so easily— and it made me wonder if my mother was similarly in the dark
Anonymous
The Atlantic voyage of Mayflower was not the first British trip to the new world. Henry VII had financed two expeditions in 1497 and 1498, which grabbed Chesapeake Bay and Newfoundland for His Majesty. But it was not until the last quarter of the sixteenth century, under Elizabeth, that England set about a more systematic and determined settlement of the new world. It was Elizabeth’s personal astrologer and court magus, Dr John Dee, who coined the term ‘British Empire’.
Kevin Jackson (Mayflower: The Voyage From Hell)
In April, 1926, France and the United States finally negotiated a war debt settlement at forty cents on the dollar. The [French] budget was at last fully balanced. Still the franc kept falling. By May, the exchange rate stood at over thirty to the dollar. With a currency in free-fall, prices now rising at 2% a month - over 25% a year - and the Government apparently impotent, everyone made the obvious comparison with the situation in Germany four years earlier. In fact, there was no real parallel. Germany in 1922 had lost all control of its budget deficit and in that single year expanded the money supply ten fold. By contrast, the French had largely solved their fiscal problems and its money supply was under control. The main trouble was the fear that the deep divisions between the right and left had made France ungovernable. The specter of chronic political chaos associated with revolving door governments and finance ministers was exacerbated by the uncertainty over the governments ability to fund itself given the overhang of more than $10 billion in short term debt. It was this psychology of fear, a generalized loss of nerve, that seemed to have gripped French investors and was driving the downward spiral of the franc. The risk was that international speculators, those traditional bugaboos of the Left, would create a self-fulfilling meltdown as they shorted the currency in the hope of repurchasing it later at a lower price thereby compounding the very downward trend that they were trying to exploit. It was the obverse of a bubble where excessive optimism translates into rising prices which then induces even more buying. Now excessive pessimism was translating into falling prices which were inducing even more selling. In the face of this all embracing miasma of gloom neither the politicians nor the financial establishment seemed to have any clue what to do.
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
In 1857, to encourage continued settlement of the West, Congress passed the Pacific Wagon Road Act, which among other improvements to the trail called for the surveying of a shorter route to Idaho across the bottom of the Wind Rivers and the forested Bridger-Teton wilderness to the west. Frederick W. Lander, a hotheaded but experienced explorer and engineer, was assigned the job. He made Burnt Ranch the trailhead and main supply depot for the trail-building job, which became one of the largest government-financed projects of the nineteenth century. Lander hired hundreds of workers from the new Mormon settlement at Salt Lake and supplied the enterprise with large mule-team caravans that ferried provisions and equipment from U.S. Army depots in Nebraska and eastern Wyoming. “With crowds of laborers hauling wood, erecting buildings and tending stock,” writes historian Todd Guenther, “the area was a beehive of activity.” The engineers, logging crews, and workers quickly hacked out what became known as the Lander Cutoff, which saved more than sixty miles, almost a week’s travel, across the mountains. In places, the Lander Cutoff was a steep up-and-down ride, but the route offered cooler, high terrain and plentiful water, an advantage over the scorching desert of the main ruts to the south. Eventually an estimated 100,000 pioneers took this route, and the 230-mile Lander Cutoff was considered an engineering marvel of its time. This
Rinker Buck (The Oregon Trail: A New American Journey)
it was a difficult matter for a private individual to finance the creation of a settlement. And Ralegh’s beloved Virgin Queen was far too cautious with her funds to finance a colonial venture, even if England’s long-running war with Spain had left enough coin in the royal treasury to cover the expense. Then, in 1603, everything changed. Early in the morning of March 24 of that year, Elizabeth I, the queen whose reign was expected to outlast the moon and sun, died in her private chamber in Richmond Palace. The queen’s death and the accession of James VI of Scotland as James I of England brought quick peace between England and Spain; freed private capital that could be used to finance foreign settlements; and made soldiers and sailors available, indeed desperate, for employment. Suddenly, English capitalists were looking hungrily at Virginia as a potential outlet for
Kieran Doherty (Sea Venture: Shipwreck, Survival, and the Salvation of Jamestown)
Financial settlements with victims of abuse have put an increasing strain on Church finances. Nationally, the Church paid more than $3 billion to settle abuse complaints between 1950 and 2015. In Boston, the archdiocese paid $154 million to settle with 1,230 victims from 2002 through June 30, 2014, the most recent figures available. Between 2004 and 2015, twelve dioceses nationwide filed for bankruptcy protection.
The Boston Globe (Betrayal: The Crisis in the Catholic Church: The findings of the investigation that inspired the major motion picture Spotlight)
When we see how this world settlement has been able to develop in a short time from a local European conflict into a total world war, and recognize how this world war has been deliberately and plannedly prepared and provoked by Jewish high finance and Jewish Bolshevism in order to crush Germany and National Socialism and thereby clear the way for Jewish Bolshevik world domination in Europe.
Vidkun Quisling
He hoped that by that time, passions would have cooled, the political climate in Britain would have changed, and a more reasonable settlement could be arranged.
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
a settlement of war debts was imminent!
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
the daily struggles of the average German to make a living only fed the resentment against the Versailles settlement further.
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
In April 2014 a settlement agreement was reached in court, and Detroit had to pay $85 million to USB AG and Bank of America Corporation to terminate the swaps. The use of variable-rate instruments, such as swaps, to finance debt was the single "biggest contributing factor to the increase in Detroit's legacy expenses.
Jackie Wang (Carceral Capitalism)
While a definitely optimistic future would need engineers to design underwater cities and settlements in space, an indefinitely optimistic future calls for more bankers and lawyers. Finance epitomizes indefinite thinking because it’s the only way to make money when you have no idea how to create wealth. If they don’t go to law school, bright college graduates head to Wall Street
Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
It is not easy to pursue a major goal in life which does not occur instantly. It takes deligence, patience and intelligence to achieve long term success.
Saaif Alam
As a lender of last resort, the House of Morgan favored like-minded institutions of similar character and background. Kidder, Peabody was just such a firm. It didn’t hustle business or steal clients and always played by Morgan rules. In 1930, it was hit by multiple blows. The Italian government removed $8 million in deposits, and the new Bank for International Settlements instructed Kidder to switch big sums to a Swiss bank. This led to another rescue at Jack Morgan’s home, chaired by George Whitney, who had started his career as a Kidder clerk. The House of Morgan arranged a $10-million line of credit. Under Whitney’s tutelage, the old Kidder, Peabody was folded.
Ron Chernow (The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance)