Fixed Rate Quotes

If you obsess over whether you are making the right decision, you are basically assuming that the universe will reward you for one thing and punish you for another. The universe has no fixed agenda. Once you make any decision, it works around that decision. There is no right or wrong, only a series of possibilities that shift with each thought, feeling, and action that you experience. If this sounds too mystical, refer again to the body. Every significant vital sign- body temperature, heart rate, oxygen consumption, hormone level, brain activity, and so on- alters the moment you decide to do anything… decisions are signals telling your body, mind, and environment to move in a certain direction.

I have often noticed that we are inclined to endow our friends with the stability of type that literary characters acquire in the reader's mind. [...] Whatever evolution this or that popular character has gone through between the book covers, his fate is fixed in our minds, and, similarly, we expect our friends to follow this or that logical and conventional pattern we have fixed for them. Thus X will never compose the immortal music that would clash with the second-rate symphonies he has accustomed us to. Y will never commit murder. Under no circumstances can Z ever betray us. We have it all arranged in our minds, and the less often we see a particular person, the more satisfying it is to check how obediently he conforms to our notion of him every time we hear of him. Any deviation in the fates we have ordained would strike us as not only anomalous but unethical. We could prefer not to have known at all our neighbor, the retired hot-dog stand operator, if it turns out he has just produced the greatest book of poetry his age has seen.

Perhaps this is our strange and haunting paradox here in America -- that we are fixed and certain only when we are in movement. At any rate, that is how it seemed to young George Webber, who was never so assured of his purpose as when he was going somewhere on a train. And he never had the sense of home so much as when he felt that he was going there. It was only when he got there that his homelessness began.

Imagine someone from that future could go back in time and talk to you—someone who lives at a time in which mankind only inhabits one planet, who is arguably among the final generations of humans capable of permanently changing the future of human cultures across thousands of planets by creating a durable culture and high-fertility-rate family that carries prosocial values into the future. Why would you tell them you didn’t make an effort to fix things while one person's efforts could still make a difference? 

...Whilst on board the Beagle I was quite orthodox, and I remember being heartily laughed at by several of the officers... for quoting the Bible as an unanswerable authority on some point of morality... But I had gradually come by this time, i.e., 1836 to 1839, to see that the Old Testament from its manifestly false history of the world, with the Tower of Babel, the rainbow at sign, &c., &c., and from its attributing to God the feelings of a revengeful tyrant, was no more to be trusted than the sacred books of the Hindoos, or the beliefs of any barbarian. ...By further reflecting that the clearest evidence would be requisite to make any sane man believe in the miracles by which Christianity is supported, (and that the more we know of the fixed laws of nature the more incredible do miracles become), that the men at that time were ignorant and credulous to a degree almost uncomprehensible by us, that the Gospels cannot be proved to have been written simultaneously with the events, that they differ in many important details, far too important, as it seemed to me, to be admitted as the usual inaccuracies of eyewitnesses; by such reflections as these, which I give not as having the least novelty or value, but as they influenced me, I gradually came to disbelieve in Christianity as a divine revelation. The fact that many false religions have spread over large portions of the earth like wild-fire had some weight with me. Beautiful as is the morality of the New Testament, it can be hardly denied that its perfection depends in part on the interpretation which we now put on metaphors and allegories. But I was very unwilling to give up my belief... Thus disbelief crept over me at a very slow rate, but was at last complete. The rate was so slow that I felt no distress, and have never since doubted even for a single second that my conclusion was correct. I can indeed hardly see how anyone ought to wish Christianity to be true; for if so the plain language of the text seems to show that the men who do not believe, and this would include my Father, Brother and almost all of my friends, will be everlastingly punished. And this is a damnable doctrine.

I tell everyone never to take more than a fifteen-year fixed-rate loan, and never have a payment of over 25 percent of your take-home pay. That is the most you should ever borrow.

You asked why the rate hate Overlanders so deeply. It is because they know one will be the warrior of the prophecy," said Vikus. "Oh, I see," said Gregor. "So, when's he coming?" Vikus fixed his eyes on Gregor. "I believe he is already here.

My favorite aerobic activity is reading steamy romantic thrillers. I figure an increased heart rate is an increased heart rate. Why quibble about methodology?

People under time pressure don’t think faster.”    —Tim Lister Think rate is fixed. No matter what you do, no matter how hard you try, you can’t pick up the pace of thinking.

a large body of empirical research conducted over decades suggests that student evaluations are more than unhelpful; instead, they are likely to change the behaviors of presenters in ways that make learning and personal growth less likely. That is one reason why Armstrong concluded that “teacher ratings are detrimental to students.

The parts of me they fixed might not be broken. This anger is not a wasted emotion. It’s powerful and changes everything. This anger will fight.

Shukhov went to sleep fully content. He'd had many strokes of luck that day: they hadn't put him in the cells; they hadn't sent his squad to the settlement; he'd swiped a bowl of kasha at dinner; the squad leader had fixed the rates well; he'd built a wall and enjoyed doing it; he'd smuggled that bit of hacksaw blade through; he'd earned a favor from Tsezar that evening; he'd bought that tobacco. And he hadn't fallen ill. He'd got over it. A day without a dark cloud. Almost a happy day. There were three thousand six hundred and fiftythree days like that in his stretch. From the first clang of the rail to the last clang of the rail. Three thousand six hundred and fifty-three days. The three extra days were for leap years.

Before you tell me how to do it better, before you lay out your big plans for changing, fixing, and improving me, before you teach me how to pick myself up and dust myself off so that I can be shiny and successful—know this: I’ve heard it before. I’ve been graded, rated, and ranked. Coached, screened, and scored. I’ve been picked first, picked last, and not picked at all. And that was just kindergarten.

But that was the way it was when you exposed yourself to the risks of maintaining fixed low rates; you always won the competition for the worst jobs.

There is nothing new about prophecies to the effect that the end of the world is near if we do not repent. What is new is that such a prophecy is now true, for two obvious reasons. First, nuclear weapons give us the means to wipe ourselves out quickly: no humans possessed this means before. Second, we already appropriate about forty per cent of the Earth’s net productivity (that is, the net energy captured from sunlight). With the world’s human population now doubling every forty-one years, we will soon have reached the biological limit to growth, at which point we will have to start fighting each other in deadly earnest for a slice of the world’s fixed pie of resources. In addition, given the present rate at which we are exterminating species, most of the world’s species will become extinct or endangered within the next century, but we depend on many species for our own life support.

Interest rates on corporate loans can be fixed or variable, depending on the agreement. And depending on the length of the loan, whether it’s fixed or variable can have a significant impact on the risk profile of the loan.

To the fixed-mindset person, intelligence and skill are seen as a sum game. Either you can do math or you can’t. You’re artistic or you’re not. You have what it takes to sell or to be a great speaker or you don’t. Not surprisingly, Dweck found that people who have a fixed mindset are more likely to rate high on the impostor scale.

No government can successfully achieve all three goals of having a fixed foreign exchange rate, free capital flows, and an independent monetary policy.

Ten kings met once a year to decide about water sharing, fixing customs, excise, and toll rates, port levies, and to exchange musicians and artisans. An

At any rate, where books are concerned, it is notoriously difficult to fix labels of merit in such a way that they do not come off.

Tis in vain therefore to go about effectually to reduce the price of Interest by a Law; and you may as rationally hope to set a fixt Rate upon the Hire of Houses, or Ships, as of Money.

New Rule: America must stop bragging it's the greatest country on earth, and start acting like it. I know this is uncomfortable for the "faith over facts" crowd, but the greatness of a country can, to a large degree, be measured. Here are some numbers. Infant mortality rate: America ranks forty-eighth in the world. Overall health: seventy-second. Freedom of the press: forty-fourth. Literacy: fifty-fifth. Do you realize there are twelve-year old kids in this country who can't spell the name of the teacher they're having sex with? America has done many great things. Making the New World democratic. The Marshall Plan. Curing polio. Beating Hitler. The deep-fried Twinkie. But what have we done for us lately? We're not the freest country. That would be Holland, where you can smoke hash in church and Janet Jackson's nipple is on their flag. And sadly, we're no longer a country that can get things done. Not big things. Like building a tunnel under Boston, or running a war with competence. We had six years to fix the voting machines; couldn't get that done. The FBI is just now getting e-mail. Prop 87 out here in California is about lessening our dependence on oil by using alternative fuels, and Bill Clinton comes on at the end of the ad and says, "If Brazil can do it, America can, too!" Since when did America have to buck itself up by saying we could catch up to Brazil? We invented the airplane and the lightbulb, they invented the bikini wax, and now they're ahead? In most of the industrialized world, nearly everyone has health care and hardly anyone doubts evolution--and yes, having to live amid so many superstitious dimwits is also something that affects quality of life. It's why America isn't gonna be the country that gets the inevitable patents in stem cell cures, because Jesus thinks it's too close to cloning. Oh, and did I mention we owe China a trillion dollars? We owe everybody money. America is a debtor nation to Mexico. We're not a bridge to the twenty-first century, we're on a bus to Atlantic City with a roll of quarters. And this is why it bugs me that so many people talk like it's 1955 and we're still number one in everything. We're not, and I take no glee in saying that, because I love my country, and I wish we were, but when you're number fifty-five in this category, and ninety-two in that one, you look a little silly waving the big foam "number one" finger. As long as we believe being "the greatest country in the world" is a birthright, we'll keep coasting on the achievements of earlier generations, and we'll keep losing the moral high ground. Because we may not be the biggest, or the healthiest, or the best educated, but we always did have one thing no other place did: We knew soccer was bullshit. And also we had the Bill of Rights. A great nation doesn't torture people or make them disappear without a trial. Bush keeps saying the terrorist "hate us for our freedom,"" and he's working damn hard to see that pretty soon that won't be a problem.

On Rachel's show for November 7, 2012: Ohio really did go to President Obama last night. and he really did win. And he really was born in Hawaii. And he really is legitimately President of the United States, again. And the Bureau of Labor statistics did not make up a fake unemployment rate last month. And the congressional research service really can find no evidence that cutting taxes on rich people grows the economy. And the polls were not screwed to over-sample Democrats. And Nate Silver was not making up fake projections about the election to make conservatives feel bad; Nate Silver was doing math. And climate change is real. And rape really does cause pregnancy, sometimes. And evolution is a thing. And Benghazi was an attack on us, it was not a scandal by us. And nobody is taking away anyone's guns. And taxes have not gone up. And the deficit is dropping, actually. And Saddam Hussein did not have weapons of mass destruction. And the moon landing was real. And FEMA is not building concentration camps. And you and election observers are not taking over Texas. And moderate reforms of the regulations on the insurance industry and the financial services industry in this country are not the same thing as communism. Listen, last night was a good night for liberals and for democrats for very obvious reasons, but it was also, possibly, a good night for this country as a whole. Because in this country, we have a two-party system in government. And the idea is supposed to be that the two sides both come up with ways to confront and fix the real problems facing our country. They both propose possible solutions to our real problems. And we debate between those possible solutions. And by the process of debate, we pick the best idea. That competition between good ideas from both sides about real problems in the real country should result in our country having better choices, better options, than if only one side is really working on the hard stuff. And if the Republican Party and the conservative movement and the conservative media is stuck in a vacuum-sealed door-locked spin cycle of telling each other what makes them feel good and denying the factual, lived truth of the world, then we are all deprived as a nation of the constructive debate about competing feasible ideas about real problems. Last night the Republicans got shellacked, and they had no idea it was coming. And we saw them in real time, in real humiliating time, not believe it, even as it was happening to them. And unless they are going to secede, they are going to have to pop the factual bubble they have been so happy living inside if they do not want to get shellacked again, and that will be a painful process for them, but it will be good for the whole country, left, right, and center. You guys, we're counting on you. Wake up. There are real problems in the world. There are real, knowable facts in the world. Let's accept those and talk about how we might approach our problems differently. Let's move on from there. If the Republican Party and the conservative movement and conservative media are forced to do that by the humiliation they were dealt last night, we will all be better off as a nation. And in that spirit, congratulations, everyone!

The traditional fixed-rate 30-year mortgages, which were once a majority of all mortgages, were no longer a majority during the housing boom, as ARMs and other “creative” ways of financing the purchase of a home grew rapidly to cope with soaring housing prices. Such innovative mortgages quickly went from being rare to becoming common, especially in places with very high housing costs.

We believed the real money in real estate came from borrowing long-term, fixed-rate debt in an inflationary scenario that ultimately depreciated the value of the loan and increased the position of the borrower.

WILLPOWER EXPERIMENT: BREATHE YOUR WAY TO SELF-CONTROL You won’t find many quick fixes in this book, but there is one way to immediately boost willpower: Slow your breathing down to four to six breaths per minute. That’s ten to fifteen seconds per breath—slower than you normally breathe, but not difficult with a little bit of practice and patience. Slowing the breath down activates the prefrontal cortex and increases heart rate variability, which helps shift the brain and body from a state of stress to self-control mode. A few minutes of this technique will make you feel calm, in control, and capable of handling cravings or challenges.4 It’s

Whatever evolution this or that popular character has gone through between the book covers, his fate is fixed in our minds, and, similarly, we expect our friends to follow this or that logical and conventional pattern we have fixed for them. Thus X will never compose the immortal music that would clash with the second-rate symphonies he has accustomed us to. Y will never commit murder. Under no circumstances can Z ever betray us. We have it all arranged in our minds, and the less often we see a particular person the more satisfying it is to check how obediently he conforms to our notion of him every time we hear of him. Any deviation in the fates we have ordained would strike us as not only anomalous but unethical. We would prefer not to have known at all our neighbor, the retired hot-dog stand operator, if it turns out he has just produced the greatest book of poetry his age has ever seen.

Back in 1996, 65 percent of subprime loans had been fixed-rate, meaning that typical subprime borrowers might be getting screwed, but at least they knew for sure how much they owed each month until they paid off the loan. By 2005, 75 percent of subprime loans were some form of floating-rate, usually fixed for the first two years.

One assumption is that intelligence is not a fixed entity, but something that develops (so you might not be ready, but that doesn’t mean you are unable). The other is more subtle; in acknowledging that different children are ready at different ages, he is recognising that talents and abilities develop at different rates in different people.

Household was making loans at a faster pace than ever. A big source of its growth had been the second mortgage. The document offered a fifteen-year, fixed-rate loan, but it was bizarrely disguised as a thirty-year loan. It took the stream of payments the homeowner would make to Household over fifteen years, spread it hypothetically over thirty years, and asked: If you were making the same dollar payments over thirty years that you are in fact making over fifteen, what would your “effective rate” of interest be? It was a weird, dishonest sales pitch. The borrower was told he had an “effective interest rate of 7 percent” when he was in fact paying something like 12.5 percent. “It was blatant fraud,” said Eisman. “They were tricking their customers.

The ARM, Adjustable Rate Mortgage, was invented in the early 1980s. Prior to that, those of us in the real estate business sold fixed-rate 7 or 8 percent mortgages. What happened? I was there in the middle of that disaster of an economy when fixed-rate mortgages went as high as 17 percent and the real estate world froze. Lenders paid out 12 percent on CDs but had money loaned out at 7 percent on hundreds of millions of dollars in mortgages. They were losing money, and lenders don’t like to lose money. So the Adjustable Rate Mortgage was born, in which your interest rate goes up when the prevailing market interest rates go up. The ARM was born to transfer the risk of higher interest rates to you, the consumer. In the last several years, home mortgage rates have been at a thirty-year low. It is not wise to get something that adjusts when you are at the bottom of rates! The mythsayers always seem to want to add risk to your home, the one place you should want to make sure has stability. Balloon mortgages are even worse. Balloons pop, and it is always strange to me that the popping sound is so startling. Why don’t we expect it? It is in the very nature of balloons to pop. Wise financial people always move away from risk, and the balloon mortgage creates risk nightmares.

The basic reason for Germany’s lack of competitiveness, however, was not political in this crude sense. The basic problem was the uncompetitive exchange rate of the Reichsmark. As we have seen, this fundamental misalignment had first emerged in the autumn of 1931 after the devaluation of sterling. The second shock had come in April 1933 with the devaluation of the dollar. By 1933 only 20 per cent of world trade was still conducted between countries with currencies fixed in terms of gold. Germany’s failure to follow this trend meant that the prices of its exports, translated at the official exchange rate of the Reichsmark, were grossly uncompetitive. This was not a matter of particular industries or sectors. It was not a matter of high wages, or excessive taxes and social levies. At prevailing exchange rates, the entire system of prices and wages in Germany was out of line with that prevailing in most of the rest of the world economy.

Green Capitalism", even if products are produced using the utmost environmental care and designed for easy reuse, offers not way out of a system that must expand exponentially and thus, continue to ratchet up its use of natural resources, its chemical pollution, its contaminated sewage sludge, its garbage, and its many other toxic substances. Some of these "fixes" will probably slow down the rate of environmental destruction, but the magnitude of the needed changes dwarfs these approaches.

In knowledge work, when you agree to a new commitment, be it a minor task or a large project, it brings with it a certain amount of ongoing administrative overhead: back-and-forth email threads needed to gather information, for example, or meetings scheduled to synchronize with your collaborators. This overhead tax activates as soon as you take on a new responsibility. As your to-do list grows, so does the total amount of overhead tax you’re paying. Because the number of hours in the day is fixed, these administrative chores will take more and more time away from your core work, slowing down the rate at which these objectives are accomplished. At moderate workloads, this effect might be frustrating: a general sense that completing your work is taking longer than it should. As your workload increases, however, the overhead tax you’re paying will eventually pass a tipping point, beyond which logistical efforts will devour so much of your schedule that you cannot complete old tasks fast enough to keep up with the new. This feedback loop can quickly spiral out of control, pushing your workload higher and higher until you find yourself losing your entire day to overhead activities: meeting after meeting conducted against a background hum of unceasing email and chat. Eventually the only solution becomes to push actual work into ad hoc sessions added after hours—in the evenings and early mornings, or over the weekend—in a desperate attempt to avoid a full collapse of all useful output. You’re as busy as you’ve ever been, and yet hardly get anything done.

why the rating agencies weren’t more critical of bonds underpinned by floating-rate subprime mortgages. Subprime borrowers tended to be one broken refrigerator away from default. Few, if any, should be running the risk of their interest payment spiking up. As most of these loans were structured, however, the homeowner would pay a fixed teaser rate of, say, 8 percent for the first two years, and then, at the start of the third year, the interest rate would skyrocket to, say, 12 percent, and thereafter it would float at permanently high levels.

As government regulates business more, that favors corporations large enough to have substantial legal and compliance departments. Regulation serves as a kind of fixed cost of doing business, discouraging market entry. Not only do higher rates of regulatory growth correlate with increases in market concentration ratios, but the period during which regulation increased significantly, 1990–2000, was followed by increases in market concentration. None of those correlations prove causality, but at the very least it is possible that government regulation is a major force behind the rise of market power.

Goodreads also found that liberals and conservatives flocked to fundamentally different types of books. Obama supporters outnumbered Romney supporters by three to one in reading books written by Jonathan Franzen, the critically acclaimed fiction author. Romney voters, by contrast, read David McCullough at a rate of two to one compared with Obama voters. McCullough, too, is highly acclaimed, having been awarded two Pulitzers during his decades-long career—but he writes popular historical nonfiction, a genre more in line with a practical-minded, fixed worldview and very different from Franzen’s style.

THIS SCENE WAS REPEATED IN every previously uninhabited nook, elbow, spit, lot, and underpass throughout the foreclosed and abandoned suburbs and exurbs and trailer parks of America, now squatted by the millions who had walked out on mortgages, been foreclosed upon, or simply could no longer afford a fixed address. They were all lumped together by the media into a category called 'subprimes,' a less descriptive label, perhaps, than 'homeless,' but one that in this era of raw, rapacious capitalism gave all the information anyone needed: the credit rating of the men, women, and children who inhabited these Ryanvilles was subprime.

the imposition of a negative real interest rate – effectively a wealth tax – on all forms of financial wealth expropriates the incomes of savers and might alter expectations of future effective rates of wealth taxes. If you are told, for example, that all your assets held in accounts fixed in money terms will be subject to a 5-percentage-point wealth tax, you might, it is true, decide to spend today, but you might well, fearful of what the government could do next year, batten down the hatches and cut spending. Households and businesses might simply conserve their resources to cope with an unpredictable and unknowable future. The

Science is a time machine, and it goes both ways. We are able to predict our future with increasing certainty. Our ability to act in response to these predictions will ultimately determine our fate. Science and reason make the darkness visible. I worry that lack of investment in science and a retreat from reason may prevent us from seeing further, or delay our reaction to what we see, making a meaningful response impossible. There are no simple fixes. Our civilisation is complex, our global political system is inadequate, our internal differences of opinion are deep-seated. I’d bet you think you’re absolutely right about some things and virtually everyone else is an idiot. Climate Change? Europe? God? America? The Monarchy? Same-sex Marriage? Abortion? Big Business? Nationalism? The United Nations? The Bank Bailout? Tax Rates? Genetically Modified Crops? Eating Meat? Football? X Factor or Strictly? The way forward is to understand and accept that there are many opinions, but only one human civilisation, only one Nature, and only one science. The collective goal of ensuring that there is never less than one human civilisation must surely override our personal prejudices. At least we have come far enough in 40,800 years to be able to state the obvious, and this is a necessary first step.

When Flora got married, she was fourteen. Now she has three kids and the village wells are dry and the nearest reliable water source is a two-hour walk from her home. Here in the Funhalouro District adolescent moms like Flora spend about six hours a day searching for and transporting water. Yesterday she walked three hours to harvest water lilies from a lake so her kids would have something to eat. And what do our most enlightened leaders suggest we do? Switch to e-billing. Buy three LED bulbs and get a free tote bag. Earth has eight billion people to feed and the extinction rate is a thousand times higher than it was at pre-human levels. This is not something we fix with tote bags. Bishop

Sir, you do understand that - officially - I'm not actually a centurion. I haven't even been assigned to a legion yet.' The general continued writing as he spoke. 'What was the name?' 'Corbulo, sir.' 'Corbulo, you have an officer's tunic and an officer's helmet; and you completed full officer training did you not?' Cassius nodded. He could easily recall every accursed test and drill. Though he'd excelled in the cerebral disciplines and somehow survived the endless marches and swims, he had rated poorly with sword in hand and had been repeatedly described as "lacking natural leadership ability." The academy's senior centurion had seemed quite relieved when the letter from the Service arrived. 'I did, sir, but it was felt I would be more suited to intelligence work than the legions, I really would prefer -' 'And you did take an oath? To Rome, the Army and the Emperor?' 'I did, sir, and of course I am happy to serve but -' The General finished the orders. He rolled the sheet up roughly and handed it to Cassius. 'Dismissed.' 'Yes, sir. Sorry, sir. I just have one final question.' The General was on his way back to his chair. He turned around and fixed Cassius with an impatient stare. 'Sir - how should I present myself to the troops? In terms of rank I mean.' 'They will assume you are a centurion, and I can see no practical reason whatsoever to disabuse them of that view.

the German word schuld means both “debt” and “guilt.” At first, to be in debt was simply to be guilty, and creditors delighted in punishing debtors unable to repay their loans by inflicting “all sorts of humiliation and torture on the body of the debtor, for instance, cutting as much flesh off as seemed appropriate for the debt.”9 In fact, Nietzsche went so far as to insist that those original barbarian law codes that tabulated so much for a ruined eye, so much for a severed finger, were not originally meant to fix rates of monetary compensation for the loss of eyes and fingers, but to establish how much of the debtor’s body creditors were allowed to take! Needless to say, he doesn’t provide a scintilla of evidence for this (none exists).

Fiscal considerations have led to the promulgation of a theory that attributes to the minting authority the right to regulate the purchasing power of the coinage as it thinks fit. For just as long as the minting of coins has been a government function, governments have tried to fix the weight and content of the coins as they wished. Philip VI of France expressly claimed the right "to mint such money and give it such currency and at such rate as we desire and seems good to us" and all medieval rulers thought and did as he in this matter. Obliging jurists supported them by attempts to discover a philosophical basis for the divine right of kings to debase the coinage and to prove that the true value of the coins was that assigned to them by the ruler of the country.

People always describe jealousy as this sharp, green, venomous thing. Unfounded, vinegary, mean-spirited. But I've found that jeal-ousy, to writers, feels more like fear. Jealousy is the spike in my heart rate when I glimpse news of Athena's success on Twitter-another book contract, awards nominations, special editions, foreign rights deals. Jealousy is constantly comparing myself to her and coming up short; is panicking that I'm not writing well enough or fast enough, that I am not, and never will be, enough. Jealousy means that even just learning that Athena's signing a six-figure option deal with Net-fix means that I'll be derailed for days, unable to focus on my own work, mired by shame and self-disgust every time I see one of her books in a bookstore display.

*“Oh, well, that’s all interpreted well enough as far as it goes, Jim,” I says; “but what does these things stand for?” It was the leaves and rubbish on the raft and the smashed oar. You could see them first-rate now. Jim looked at the trash, and then looked at me, and back at the trash again. He had got the dream fixed so strong in his head that he couldn’t seem to shake it loose and get the facts back into its place again right away. But when he did get the thing straightened around he looked at me steady without ever smiling, and says: “What do dey stan’ for? I’se gwyne to tell you. When I got all wore out wid work, en wid de callin’ for you, en went to sleep, my heart wuz mos’ broke bekase you wuz los’, en I didn’ k’yer no’ mo’ what become er me en de raf’. En when I wake up en fine you back agin, all safe en soun’, de tears come, en I could a got down on my knees en kiss yo’ foot, I’s so thankful. En all you wuz thinkin’ ’bout wuz how you could make a fool uv ole Jim wid a lie. Dat truck dah is trash; en trash is what people is dat puts dirt on de head er dey fren’s en makes ’em ashamed.” Then he got up slow and walked to the wigwam, and went in there without saying anything but that. But that was enough. It made me feel so mean I could almost kissed his foot to get him to take it back. It was fifteen minutes before I could work myself up to go and humble myself to a nigger; but I done it, and I warn’t ever sorry for it afterwards, neither. I didn’t do him no more mean tricks, and I wouldn’t done that one if I’d a knowed it would make him feel that way.

As we mature we progressively narrow the scope and variety of our lives. Of all the interests we might pursue, we settle on a few. Of all the people with whom we might associate, we select a small number. We become caught in a web of fixed relationships. We develop set ways of doing things. "As the years go by we view our familiar surroundings with less and less freshness of perception. We no longer look with a wakeful, perceiving eye at the faces of people we see every day, nor at any other features of our everyday world. "It is not unusual to find that the major changes in life-a marriage, a move to a new city, a change of jobs, or a national emergency-break the patterns of our lives and reveal to us quite suddenly how much we had been imprisoned by the comfortable web we had woven around ourselves. "One of the reasons why mature people are apt to learn less than young people is that they are willing to risk less. Learning is a risky business, and they do not like failure. In infancy, when the child is learning at a truly phenomenal rate-a rate he or she will never again achieve-he or she is also experiencing a shattering number of failures. Watch him or her. See the innumerable things he or she tries and fails. And see how little the failures discourage him or her. "With each year that passes he or she will be less blithe about failure. By adolescence the willingness of young people to risk failure has diminished greatly. And all too often parents push them further along that road by instilling fear, by punishing failure, or by making success seem too precious.

Then now let us consider what will be their way of life, if they are to realize our idea of them. In the first place, none of them should have any property of his own beyond what is absolutely necessary; neither should they have a private house or store closed against any one who has a mind to enter; their provisions should be only such as are required by trained warriors, who are men of temperance and courage; they should agree to receive from the citizens a fixed rate of pay, enough to meet the expenses of the year and no more; and they will go to mess and live together like soldiers in a camp. Gold and silver we will tell them that they have from God; the diviner metal is within them, and they have therefore no need of the dross which is current among men, and ought not to pollute the divine by any such earthly admixture; for that commoner metal has been the source of many unholy deeds, but their own is undefiled. And they alone of all the citizens may not touch or handle silver or gold, or be under the same roof with them, or wear them, or drink from them. And this will be their salvation, and they will be the saviours of the State. But should they ever acquire homes or lands or moneys of their own, they will become housekeepers and husbandmen instead of guardians, enemies and tyrants instead of allies of the other citizens; hating and being hated, plotting and being plotted against, they will pass their whole life in much greater terror of internal than of external enemies, and the hour of ruin, both to themselves and to the rest of the State, will be at hand.

In the high-stakes testing culture of modern education, schools are allowing grades and performance data to undercut real and meaningful learning. Study after study has found that students—from elementary school to graduate school and across multiple cultures—demonstrate less interest in learning as a result of being graded. Feedback in the form of grades is the ultimate restraint: The grade can’t be changed, the lesson can’t be relearned, and numbers and letters don’t spell out a way forward. Worse, teachers and students get stuck on the wheel of relentless grading, diminished interest in learning, poor outcomes, more tests and grades—the cycle quickly turns vicious. But the real victim is the knowledge that students might have otherwise gained had feedback amounted to more than a rating.

The White House now emanates a constant barrage of lies and hateful comments. The president acts like he does not respect democracy or the rule of law. His presidency has become a reality game show, driven by his primal need to achieve the best ratings and wins--for himself. He does not respect women, minorities, or immigrants; he often doesn't appear to respect his own wife. To him, a critical news story is "FAKE NEWS." To him, all our intelligence agencies are corrupt. He shuns preparation for meetings with foreign heads of state. He tells his supporters how he alone can fix the economy, yet his policies will hurt them and help line his pockets, as well as those of rich people like him. And then there's his ongoing attempt to cripple millions of Americans by taking away their health insurance.

Nor need we fly to the Dreams of our Astronomers, who take a great deal of pains to fill up the vast Spaces of the starry Heavens with innumerable habitable Worlds; allowing as many solar Systems as there are fix’d Stars, and that not only in the known Constellations, but even in Gallaxie it self; who, to every such System allow a certain number of Planets, and to every one of those Planets so many Satellites or Moons, and all these Planets and Moons to be Worlds; solid, dark, opaque Bodies, habitable, and (as they would have us believe) inhabited by the like Animals and rational Creatures as on this Earth; so that they may, at this rate, find room enough for the Devil and all his Angels, without making a Hell on purpose; nay they may, for ought I know, find a World for every Devil in all the Devil’s Host, and so every one may be a Monarch or Master-Devil, separately in his own Sphere or World, and play the Devil there by himself.

007: What are the CIA going to say about all this? After all, it's bare-faced poaching. Tanner: They don't own Japan. Anyway, they're not here to know. That's up to this fellow Tanaka. He'll have to fix the machinery for getting it into the Australian Embassy. That's his worry. But the whole thing's on pretty thin ice. The main problem is to make sure he doesn't go straight along to the CIA and tell 'em of your approach. If you get blown, we'll just have to get the Australians to hold the baby. They've don it before when we've been bowled out edging our way into the pacific. We're good friends with their service. First-rate bunch of chaps. And, anyway, the CIA's hands aren't as clean as all that. We've got a whole file of cases where they've crossed wires with us round the world. Often dangerously. We can throw that book at McCone if this business blows up in our faces. But part of your job is to see that it doesn't. 007: Seems to me I'm getting all balled up in high politics. Not my line of country at all.

I feel so far away from them, on the top of this hill. It seems as though I belong to another species. They come out of their offices after their day of work, they look at the houses and the squares with satisfaction, they think it is their city, a good, solid, bourgeois city. They aren’t afraid, they feel at home. All they have ever seen is trained water running from taps, light which fills bulbs when you turn on the switch, half-breed, bastard trees held up with crutches. They have proof, a hundred times a day, that everything happens mechanically, that the world obeys fixed, unchangeable laws. In a vacuum all bodies fall at the same rate of speed, the public park is closed at 4 p.m. in winter, at 6 p.m. in summer, lead melts at 335 degrees centigrade, the last streetcar leaves the Hotel de Ville at 11.05 p.m. They are peaceful, a little morose, they think about Tomorrow, that is to say, simply, a new today; cities have only one day at their disposal and every morning it comes back exactly the same. They scarcely doll it up a bit on Sundays. Idiots. It is repugnant to me to think that I am going to see their thick, self-satisfied faces. They make laws, they write popular novels, they get married, they are fools enough to have children. And all this time, great, vague nature has slipped into their city, it has infiltrated everywhere, in their house, in their office, in themselves. It doesn’t move, it stays quietly and they are full of it inside, they breathe it, and they don’t see it, they imagine it to be outside, twenty miles from the city. I see it, I see this nature . . . I know that its obedience is idleness, I know it has no laws: what they take for constancy is only habit and it can change tomorrow. What if something were to happen? What if something suddenly started throbbing? Then they would notice it was there and they’d think their hearts were going to burst. Then what good would their dykes, bulwarks, power houses, furnaces and pile drivers be to them? It can happen any time, perhaps right now: the omens are present.

But increasing the amount of equity finance in an economy is easier said than done: it is a project that would take decades rather than years. Some of the barriers are institutional: outside of the very small world of venture capital (of which more later) and the even smaller and newer field of equity crowdfunding, most businesses do not raise equity, and most financial institutions do not provide it. There are established agencies that can rate the creditworthiness of even quite small businesses, and algorithms to allow banks to quickly and cheaply decide whether to lend to them. Nothing similar exists for equity investment, and the equivalent analytical task (working out a company's likely future value, rather than its likelihood of servicing a fixed debt) is more complex. And cultural factors stand in the ways too: despite a very elegant financial economics theorem that shows that business owners should be indifferent between equity and debt finance, for many small business owners there seems a cognitive and cultural bias against giving away equity.

For example, say you're an average web developer. You're familiar with a dozen programming languages, tons of helpful libraries, standards, protocols, what have you. You still have to learn more at the rate of about one a week, and remember to check the hundreds of things you know to see if they've been updated or broken and make sure they all still work together and that nobody fixed the bug in one of them that you exploited to do something you thought was really clever one weekend when you were drunk. You're all up to date, so that's cool, then everything breaks. "Double you tee eff?" you say, and start hunting for the problem. You discover that one day, some idiot decided that since another idiot decided that 1/0 should equal infinity, they could just use that as a shorthand for "Infinity" when simplifying their code. Then a non-idiot rightly decided that this was idiotic, which is what the original idiot should have decided, but since he didn't, the non-idiot decided to be a dick and make this a failing error in his new compiler. Then he decided he wasn't going to tell anyone that this was an error, because he's a dick, and now all your snowflakes are urine and you can't even find the cat.

one stubborn glitch they couldn’t figure out: the program did a wonderful job spewing out data on the trajectory of artillery shells, but it just didn’t know when to stop. Even after the shell would have hit the ground, the program kept calculating its trajectory, “like a hypothetical shell burrowing through the ground at the same rate it had traveled through the air,” as Jennings described it. “Unless we solved that problem, we knew the demonstration would be a dud, and the ENIAC’s inventors and engineers would be embarrassed.”69 Jennings and Snyder worked late into the evening before the press briefing trying to fix it, but they couldn’t. They finally gave up at midnight, when Snyder needed to catch the last train to her suburban apartment. But after she went to bed, Snyder figured it out: “I woke up in the middle of the night thinking what that error was. . . . I came in, made a special trip on the early train that morning to look at a certain wire.” The problem was that there was a setting at the end of a “do loop” that was one digit off. She flipped the requisite switch and the glitch was fixed. “Betty could do more logical reasoning while she was asleep than most people can do awake,” Jennings later marveled. “While she slept, her subconscious untangled the knot that her conscious mind had been unable to.

I have often noticed that we are inclined to endow our friends with the stability of type that literary characters acquire in the reader's mind. No matter how many times we reopen 'King Lear,' never shall we find the good king banging his tankard in high revelry, all woes forgotten, at a jolly reunion with all three daughters and their lapdogs. Never will Emma rally, revived by the sympathetic salts in Flaubert's father's timely tear. Whatever evolution this or that popular character has gone through between the book covers, his fate is fixed in our minds, and, similarly, we expect our friends to follow this or that logical and conventional pattern we have fixed for them. Thus X will never compose the immortal music that would clash with the second-rate symphonies he has accustomed us to. Y will never commit murder. Under no circumstances can Z ever betray us. We have it all arranged in our minds, and the less often we see a particular person the. more satisfying it is to check how obediently he conforms to our notion of him every time we hear of him. Any deviation in the fates we have ordained would strike us as not only anomalous but unethical. We would prefer not to have known at all our neighbor, the retired hot-dog stand operator, if it turns out he has just produced the greatest book of poetry his age has seen.

Summers also claimed that technology was reducing the demand for capital. Digital businesses, such as Facebook and Google, had established dominant global franchises with relatively little invested capital and small workforces. In his book The Zero Marginal Cost Society (2014), the social theorist Jeremy Rifkin heralded the passing of traditional capitalism.16 If the Old Economy was marked by scarcity and declining marginal returns, Rikfin argued that the New Economy was characterized by zero marginal costs, increasing returns to scale and capital-lite ‘sharing’ apps (such as Uber, Lyft, Airbnb, etc.). The demand for capital and interest rates, he said, were set to fall in this ‘economy of abundance’. There was some evidence to support Rifkin’s claims. The balance sheets of US companies showed they were using fewer fixed assets (factories, plant, equipment, etc.) and reporting more ‘intangibles’ – namely, assets derived from patents, intellectual property and merger premiums. In much of the rest of the world, however, the demand for old-fashioned capital remained as strong as ever. After the turn of the century, the developing world exhibited a voracious appetite for industrial commodities that required massive mining investment. China embarked on what was probably the greatest investment boom in history. Before and after 2008, global energy consumption rose steadily. The world’s total investment (relative to GDP) remained in line with its historical average.17 Rifkin’s ‘economy of abundance’ remained a tantalizing speculation.

Hong Kong became a British colony after the Treaty of Nanking in 1842, the result of the Opium War. This was a particularly shameful episode, even by the standards of 19th-century imperialism. The growing British taste for tea had created a huge trade deficit with China. In a desperate attempt to plug the gap, Britain started exporting opium produced in India to China. The mere detail that selling opium was illegal in China could not possibly be allowed to obstruct the noble cause of balancing the books. When a Chinese official seized an illicit cargo of opium in 1841, the British government used it as an excuse to fix the problem once and for all by declaring war. China was heavily defeated in the war and forced to sign the Treaty of Nanking, which made China 'lease' Hong Kong to Britain and give up its right to set its own tariffs. So there it was-the self-proclaimed leader of the 'liberal' world declaring war on another country because the latter was getting in the way of its illegal trade in narcotics. The truth is that the free movement of goods, people, and money that developed under British hegemony between 1870 and 1913-the first episode of globalization-was made possible, in large part, by military might, rather than market forces. Apart from Britain itself, the practitioners of free trade during this period were mostly weaker countries that had been forced into, rather than had voluntarily adopted, it as a result of colonial rule or 'unequal treaties' (like the Nanking Treaty), which, among other things, deprived them of the right to set tariffs and imposed externally determined low, flat-rate tariffs (3-5%) on them.

The chorus of criticism culminated in a May 27 White House press conference that had me fielding tough questions on the oil spill for about an hour. I methodically listed everything we'd done since the Deepwater had exploded, and I described the technical intricacies of the various strategies being employed to cap the well. I acknowledged problems with MMS, as well as my own excessive confidence in the ability of companies like BP to safeguard against risk. I announced the formation of a national commission to review the disaster and figure out how such accidents could be prevented in the future, and I reemphasized the need for a long-term response that would make America less reliant on dirty fossil fuels. Reading the transcript now, a decade later, I'm struck by how calm and cogent I sound. Maybe I'm surprised because the transcript doesn't register what I remember feeling at the time or come close to capturing what I really wanted to say before the assembled White House press corps: That MMS wasn't fully equipped to do its job, in large part because for the past thirty years a big chunk of American voters had bought into the Republican idea that government was the problem and that business always knew better, and had elected leaders who made it their mission to gut environmental regulations, starve agency budgets, denigrate civil servants, and allow industrial polluters do whatever the hell they wanted to do. That the government didn't have better technology than BP did to quickly plug the hole because it would be expensive to have such technology on hand, and we Americans didn't like paying higher taxes - especially when it was to prepare for problems that hadn't happened yet. That it was hard to take seriously any criticism from a character like Bobby Jindal, who'd done Big Oil's bidding throughout his career and would go on to support an oil industry lawsuit trying to get a federal court to lift our temporary drilling moratorium; and that if he and other Gulf-elected officials were truly concerned about the well-being of their constituents, they'd be urging their party to stop denying the effects of climate change, since it was precisely the people of the Gulf who were the most likely to lose homes or jobs as a result of rising global temperatures. And that the only way to truly guarantee that we didn't have another catastrophic oil spill in the future was to stop drilling entirely; but that wasn't going to happen because at the end of the day we Americans loved our cheap gas and big cars more than we cared about the environment, except when a complete disaster was staring us in the face; and in the absence of such a disaster, the media rarely covered efforts to shift America off fossil fuels or pass climate legislation, since actually educating the public on long-term energy policy would be boring and bad for ratings; and the one thing I could be certain of was that for all the outrage being expressed at the moment about wetlands and sea turtles and pelicans, what the majority of us were really interested in was having the problem go away, for me to clean up yet one more mess decades in the making with some quick and easy fix, so that we could all go back to our carbon-spewing, energy-wasting ways without having to feel guilty about it. I didn't say any of that. Instead I somberly took responsibility and said it was my job to "get this fixed." Afterward, I scolded my press team, suggesting that if they'd done better work telling the story of everything we were doing to clean up the spill, I wouldn't have had to tap-dance for an hour while getting the crap kicked out of me. My press folks looked wounded. Sitting alone in the Treaty Room later that night, I felt bad about what I had said, knowing I'd misdirected my anger and frustration. It was those damned plumes of oil that I really wanted to curse out.

I am assured that this is a true story. A man calls up his computer helpline complaining that the cupholder on his personal computer has snapped off, and he wants to know how to get it fixed. “Cupholder?” says the computer helpline person, puzzled. “I’m sorry, sir, but I’m confused. Did you buy this cupholder at a computer show or receive it as a special promotion?” “No, it came as part of the standard equipment on my computer.” “But our computers don’t come with cupholders.” “Well, pardon me, friend, but they do,” says the man a little hotly. “I’m looking at mine right now. You push a button on the base of the unit and it slides right out.” The man, it transpired, had been using the CD drawer on his computer to hold his coffee cup. I bring this up here by way of introducing our topic this week: cupholders. Cupholders are taking over the world. It would be almost impossible to exaggerate the importance of cupholders in automotive circles these days. The New York Times recently ran a long article in which it tested a dozen family cars. It rated each of them for ten important features, among them engine size, trunk space, handling, quality of suspension, and, yes, number of cupholders. A car dealer acquaintance of ours tells us that they are one of the first things people remark on, ask about, or play with when they come to look at a car. People buy cars on the basis of cupholders. Nearly all car advertisements note the number of cupholders prominently in the text. Some cars, like the newest model of the Dodge Caravan, come with as many as seventeen cupholders. The largest Caravan holds seven passengers. Now you don’t have to be a nuclear physicist, or even wide awake, to work out that that is 2.43 cupholders per passenger. Why, you may reasonably wonder, would each passenger in a vehicle need 2.43 cupholders? Good question. Americans, it is true, consume positively staggering volumes of fluids. One of our local gas stations, I am reliably informed, sells a flavored confection called a Slurpee in containers up to 60 ounces in size. But even if every member of the family had a Slurpee and a personal bottle of

Success comes with an inevitable problem: market saturation. New products initially grow just by adding more customers—to grow a network, add more nodes. Eventually this stops working because nearly everyone in the target market has joined the network, and there are not enough potential customers left. From here, the focus has to shift from adding new customers to layering on more services and revenue opportunities with existing ones. eBay had this problem in its early years, and had to figure its way out. My colleague at a16z, Jeff Jordan, experienced this himself, and would often write and speak about his first month as the general manager of eBay’s US business. It was in 2000, and for the first time ever, eBay’s US business failed to grow on a month-over-month basis. This was critical for eBay because nearly all the revenue and profit for the company came from the US unit—without growth in the United States, the entire business would stagnate. Something had to be done quickly. It’s tempting to just optimize the core business. After all, increasing a big revenue base even a little bit often looks more appealing than starting at zero. Bolder bets are risky. Yet because of the dynamics of market saturation, a product’s growth tends to slow down and not speed up. There’s no way around maintaining a high growth rate besides continuing to innovate. Jeff shared what the team did to find the next phase of growth for the company: eBay.com at the time enabled the community to buy and sell solely through online auctions. But auctions intimidated many prospective users who expressed preference for the ease and simplicity of fixed price formats. Interestingly, our research suggested that our online auction users were biased towards men, who relished the competitive aspect of the auction. So the first major innovation we pursued was to implement the (revolutionary!) concept of offering items for a fixed price on ebay.com, which we termed “buy-it-now.” Buy-it-now was surprisingly controversial to many in both the eBay community and in eBay headquarters. But we swallowed hard, took the risk and launched the feature . . . and it paid off big. These days, the buy-it-now format represents over $40 billion of annual Gross Merchandise Volume for eBay, 62% of their total.65

Phaedrus wrote a letter from India about a pilgrimage to holy Mount Kailas, the source of the Ganges and the abode of Shiva, high in the Himalayas, in the company of a holy man and his adherents. He never reached the mountain. After the third day he gave up, exhausted, and the pilgrimage went on without him. He said he had the physical strength but that physical strength wasn’t enough. He had the intellectual motivation but that wasn’t enough either. He didn’t think he had been arrogant but thought that he was undertaking the pilgrimage to broaden his experience, to gain understanding for himself. He was trying to use the mountain for his own purposes and the pilgrimage too. He regarded himself as the fixed entity, not the pilgrimage or the mountain, and thus wasn’t ready for it. He speculated that the other pilgrims, the ones who reached the mountain, probably sensed the holiness of the mountain so intensely that each footstep was an act of devotion, an act of submission to this holiness. The holiness of the mountain infused into their own spirits enabled them to endure far more than anything he, with his greater physical strength, could take. To the untrained eye ego-climbing and selfless climbing may appear identical. Both kinds of climbers place one foot in front of the other. Both breathe in and out at the same rate. Both stop when tired. Both go forward when rested. But what a difference! The ego-climber is like an instrument that’s out of adjustment. He puts his foot down an instant too soon or too late. He’s likely to miss a beautiful passage of sunlight through the trees. He goes on when the sloppiness of his step shows he’s tired. He rests at odd times. He looks up the trail trying to see what’s ahead even when he knows what’s ahead because he just looked a second before. He goes too fast or too slow for the conditions and when he talks his talk is forever about somewhere else, something else. He’s here but he’s not here. He rejects the here, is unhappy with it, wants to be farther up the trail but when he gets there will be just as unhappy because then it will be “here.” What he’s looking for, what he wants, is all around him, but he doesn’t want that because it is all around him. Every step’s an effort, both physically and spiritually, because he imagines his goal to be external and distant.

Unlike classically spinning bodies, such as tops, however, where the spin rate can assume any value fast or slow, electrons always have only one fixed spin. In the units in which this spin is measured quantum mechanically (called Planck's constant) the electrons have half a unit, or they are "spin-1/2" particles. In fact, all the matter particles in the standard model-electrons, quarks, neutrinos, and two other types called muons and taus-all have "spin 1/2." Particles with half-integer spin are known collectively as fermions (after the Italian physicist Enrico Fermi). On the other hand, the force carriers-the photon, W, Z, and gluons-all have one unit of spin, or they are "spin-1" particles in the physics lingo. The carrier of gravity-the graviton-has "spin 2," and this was precisely the identifying property that one of the vibrating strings was found to possess. All the particles with integer units of spin are called bosons (after the Indian physicist Satyendra Bose). Just as ordinary spacetime is associated with a supersymmetry that is based on spin. The predictions of supersymmetry, if it is truly obeyed, are far-reaching. In a universe based on supersymmetry, every known particle in the universe must have an as-yet undiscovered partner (or "superparrtner"). The matter particles with spin 1/2, such as electrons and quarks, should have spin 0 superpartners. the photon and gluons (that are spin 1) should have spin-1/2 superpartners called photinos and gluinos respectively. Most importantly, however, already in the 1970s physicists realized that the only way for string theory to include fermionic patterns of vibration at all (and therefore to be able to explain the constituents of matter) is for the theory to be supersymmetric. In the supersymmetric version of the theory, the bosonic and fermionic vibrational patters come inevitably in pairs. Moreover, supersymmetric string theory managed to avoid another major headache that had been associated with the original (nonsupersymmetric) formulation-particles with imaginary mass. Recall that the square roots of negative numbers are called imaginary numbers. Before supersymmetry, string theory produced a strange vibration pattern (called a tachyon) whose mass was imaginary. Physicists heaved a sigh of relief when supersymmetry eliminated these undesirable beasts.

It is the custom in Germany for students to pass from one university to another during the course of their studies—a custom, incidentally, which no other country has. But it would be false to assume that this variety in instruction is a safeguard afainst uniformity of outlook, for although the professors of the various universities fight among themselves, they are all, fundamentally and at heart, in complete agreement. I came to realise this clearly through my contacts with the economists. This must have been about 1929. At that time we published a paper on certain aspects of the economic problem. Immediately a whole company of national economists of all sorts, and from a variety of universities, joined forces and signed a circular in which they unaminously condemned our economic proposals. I made one attempt to have a serious discussion with one of the most renowned of them, and one who was regarded by his colleagues as a revolutionary in economic thought Zwiedineck. The results were disastrous! At the time the State had floated a loan of two million seven hundred thousand marks for the construction of a road. I told Zwiedineck that I regarded this way of financing a project as foolish in the extreme. The life of the road in question would be some fifteen years ; but the amortisation of the capital involved would continue for eighty years. What the Government was really doing was to evade an immediate financial obligation by transferring the charges to the men of the next generation and, indeed, of the generation after. I insisted that nothing could be more unsound, and that what the Government should really do was to take radical steps to reduce the rate of interest and thus to render capital more fluid. I next argued that the gold standard, the fixing of rates of exchange and so forth were shibboleths which I had never regarded and never would regard as weighty and immutable principles of economy. Money, to me, was simply a token of exchange for work done, and its value depended absolutely on the value of the work accomplished. Where money did not represent services rendered, I insisted, it had no value at all. Zwiedineck was horrified and very excited. Such ideas, he declared, would upset the accepted economic principles of the entire world, and the putting of them into practice would cause a breakdown of the world's political economy. When, later, after our assumption of power, I put my theories into practice, the economists were not in the least discountenanced, but calmly set to work to prove by scientific argument that my theories were, indeed, sound economy !

All day long the red squirrels came and went, and afforded me much entertainment by their manoeuvres. One would approach at first warily through the shrub-oaks, running over the snow crust by fits and starts like a leaf blown by the wind, now a few paces this way, with wonderful speed and waste of energy, making inconceivable haste with his “trotters,” as if it were for a wager, and now as many paces that way, but never getting on more than half a rod at a time; and then suddenly pausing with a ludicrous expression and a gratuitous somerset, as if all the eyes in the universe were fixed on him,—for all the motions of a squirrel, even in the most solitary recesses of the forest, imply spectators as much as those of a dancing girl,—wasting more time in delay and circumspection than would have sufficed to walk the whole distance,—I never saw one walk,— and then suddenly, before you could say Jack Robinson, he would be in the top of a young pitch-pine, winding up his clock and chiding all imaginary spectators, soliloquizing and talking to all the universe at the same time,—for no reason that I could ever detect, or he himself was aware of, I suspect. At length he would reach the corn, and selecting a suitable ear, frisk about in the same uncertain trigonometrical way to the top-most stick of my wood-pile, before my window, where he looked me in the face, and there sit for hours, supplying himself with a new ear from time to time, nibbling at first voraciously and throwing the half-naked cobs about; till at length he grew more dainty still and played with his food, tasting only the inside of the kernel, and the ear, which was held balanced over the stick by one paw, slipped from his careless grasp and fell to the ground, when he would look over at it with a ludicrous expression of uncertainty, as if suspecting that it had life, with a mind not made up whether to get it again, or a new one, or be off; now thinking of corn, then listening to hear what was in the wind. So the little impudent fellow would waste many an ear in a forenoon; till at last, seizing some longer and plumper one, considerably bigger than himself, and skilfully balancing it, he would set out with it to the woods, like a tiger with a buffalo, by the same zig-zag course and frequent pauses, scratching along with it as if it were too heavy for him and falling all the while, making its fall a diagonal between a perpendicular and horizontal, being determined to put it through at any rate;—a singularly frivolous and whimsical fellow;—and so he would get off with it to where he lived, perhaps carry it to the top of a pine tree forty or fifty rods distant, and I would afterwards find the cobs strewn about the woods in various directions.

Josephson had died just north of Abd al-Kuri Island, an uninhabited, mountainous desert with, on its eastern side, perhaps the world’s wildest and finest beach. To mollify Holworthy, in a moment of weakness not long after they had departed Lemonnier, Rensselaer had considered leaving a few SEALs there on the way south, to observe traffic, as on occasion irregular forces were ordered to do. But he had decided then that rather than mollify Holworthy, he would keep him down. The rendezvous point with the Puller wasn’t far, and, arriving first, Athena waited. The Puller was out of sight but in radio contact. Eventually they saw her to the west, and she came even with Athena at dusk, although in that latitude, as Josephson had learned, dusk is so short it hardly exists. With the lights of the Puller blazing despite wartime conditions, her vast superstructure, hollow and beamed like a box-girder bridge, was cast in flares and shadows. A brow was extended from a door in the side and fixed to Athena’s main deck. As a gentle swell moved the two ships up and down at different rates, the hinged brow tilted slightly one way and then another. The Iranian prisoners were escorted over the brow and to the brig in the Puller, which would take them very close to their own country, but then to the United States. They were bitter and depressed. The huge ship into the darkness of which they were swallowed seemed like an alien craft from another civilization, which, for them, it was. A gray metal coffin was carried to Athena by a detail from the Puller. This was a sad thing to see, sadder than struggle, sadder than blood. It disappeared below. Josephson’s body was placed inside it and the flag draped over it. Six of Athena’s crew in dress uniform carried it slowly to the brow and set it on deck. After a long silence, Rensselaer spoke a few words. “Our shipmates Speight and Josephson are no longer with us—Speight committed to the deep, lost except to God. And Josephson, who will go home. Neither of these men is unique in death. They are still very much like us, and we are like them: it’s only a matter of time—however long, however short. If upon gazing at this coffin you feel a gulf between you, the living, and him, one of the dead, remember that our fates are the same, and he isn’t as far from us as we may imagine. “At times like this I question our profession. I question the enterprise of war. And then I go on, as we shall, and as we must. In this spirit we bid goodbye to Ensign Josephson, to whom you might have been brothers, and I and the chiefs, perhaps, fathers. May God bless and keep him.” Then the captain read the 23rd Psalm, a salute was fired, and Josephson’s coffin was lifted to the shoulders of its bearers and slowly carried into the depths of the Puller. When he died, he was very young.

Unconditional blame is the tendency to explain all difficulties exclusively as the consequence of forces beyond your influence, to see yourself as an absolute victim of external circumstances. Every person suffers the impact of factors beyond his control, so we are all, in a sense, victims. We are not, however, absolute victims. We have the ability to respond to our circumstances and influence how they affect us. In contrast, the unconditional blamer defines his victim-identity by his helplessness, disowning any power to manage his life and assigning causality only to that which is beyond his control. Unconditional blamers believe that their problems are always someone else’s fault, and that there’s nothing they could have done to prevent them. Consequently, they believe that there’s nothing they should do to address them. Unconditional blamers feel innocent, unfairly burdened by others who do things they “shouldn’t” do because of maliciousness or stupidity. According to the unconditional blamer, these others “ought” to fix the problems they created. Blamers live in a state of self-righteous indignation, trying to control people around them with their accusations and angry demands. What the unconditional blamer does not see is that in order to claim innocence, he has to relinquish his power. If he is not part of the problem, he cannot be part of the solution. In fact, rather than being the main character of his life, the blamer is a spectator. Watching his own suffering from the sidelines, he feels “safe” because his misery is always somebody else’s fault. Blame is a tranquilizer. It soothes the blamer, sheltering him from accountability for his life. But like any drug, its soothing effect quickly turns sour, miring him in resignation and resentment. In order to avoid anxiety and guilt, the blamer must disown his freedom and power and see himself as a plaything of others. The blamer feels victimized at work. His job is fraught with letdowns, betrayals, disappointments, and resentments. He feels that he is expected to fix problems he didn’t create, yet his efforts are never recognized. So he shields himself with justifications. Breakdowns are never his fault, nor are solutions his responsibility. He is not accountable because it is always other people who failed to do what they should have done. Managers don’t give him direction as they should, employees don’t support him as they should, colleagues don’t cooperate with him as they should, customers demand much more than they should, suppliers don’t respond as they should, senior executives don’t lead the organization as they should, administration systems don’t work as they should—the whole company is a mess. In addition, the economy is weak, the job market tough, the taxes confiscatory, the regulations crippling, the interest rates exorbitant, and the competition fierce (especially because of those evil foreigners who pay unfairly low wages). And if it weren’t difficult enough to survive in this environment, everybody demands extraordinary results. The blamer never tires of reciting his tune, “Life is not fair!

In January 1971 he startled the newsman Howard K. Smith by telling him, "I am now a Keynesian in economics," and in August he jolted the nation by announcing a New Economic Policy. This entailed fighting inflation by imposing a ninety-day freeze on wages and prices. Nixon also sought to lower the cost of American exports by ending the convertibility of dollars into gold, thereby allowing the dollar to float in world markets. This action transformed with dramatic suddenness an international monetary system of fixed exchange rates that had been established, with the dollar as the reserve currency, in 1946.

It started with population. Not having a fixed breeding season was among the reasons why mankind achieved dominance; it kept our numbers topped up at an explosive rate. Past certain stage restrictive process set in: male libido is reduced or diverted into nonfertile channels, female ovulation is irregularized and sometimes fails completely. But long before we reach that point we find the company of our fellow creatures so unbearable we resort to war, or a tribal match. Kill one another or ourselves. ​

The manipulation of currency, throughout a feature of the colonial enterprise, reached its worst during the Great Depression of 1929–30, when Indian farmers (like those in the North American prairies) grew their grain but discovered no one could afford to buy it. Agricultural prices collapsed, but British tax demands did not; and cruelly, the British decided to restrict India’s money supply, fearing that the devaluation of Indian currency would cause losses to the British from a corresponding decline in the sterling value of their assets in India. So Britain insisted that the Indian rupee stay fixed at 1 shilling sixpence, and obliged the Indian government to take notes and coins out of circulation to keep the exchange rate high. The total amount of cash in circulation in the Indian economy fell from some 5 billion rupees in 1929 to 4 billion in 1930 and as low as 3 billion in 1938. Indians starved but their currency stayed high, and the value of British assets in India was protected.

...we may assert that liberalism believes man's nature to be not fixed but changing, with an unlimited or at any rate indefinitely large potential for positive (good, favorable, progressive) development. This may be contrasted with the traditional belief, expressed in the theological doctrines of Original Sin and the real existence of the Devil, that human nature had a permanent, unchanging essence, and that man is partly corrupt as well as limited in his potential. "Man, according to liberalism, is born ignorant, not wicked," declares Professor J. Salwyn Schapiro, writing as a liberal on liberalism.

Anyone Can Deal With Arthritis With These Simple Tips There is more than one type of arthritis and it is important to know what you have before you can begin proper treatment. If you find this fact helpful, then read this article because it contains even more helpful advice in order to help you live comfortably in the face of this painful condition. If you have rheumatoid arthritis, measure your pain. Use a scale of one to ten to let yourself know how difficult a new task is for you to accomplish. Take a measurement before the task, and again after. This will let you know how that task is effecting your body, and your life. It is important that you have enough calcium in your diet if you suffer from arthritis. Medical research has proven that inflammatory arthritis conditions are worse if a person does not have enough calcium in their diet. You can find calcium in many different foods, including milk, cheese, and ice cream. Lose weight to help reduce your arthritis symptoms. Losing even a few pounds has been shown to take pressure off of weight bearing joints and reduce the pain that you suffer with arthritis. It can also help reduce your risk of developing osteoarthritis of the knee and can slow the rate in which your arthritis progresses. Maintaining a healthy body weight reduces the stress placed on arthritic joints. Carrying around extra wait can place an enormous amount of stress on arthritic joints. Do not skip meals or deny yourself food in order to shed pounds, but adhere to a diet that provides your body with the necessary nutrients. Try hot wax for relief. While heating pads can give great relief when used, they do not completely touch every painful spot. Warm wax envelopes your entire hand or foot, giving you complete relief to the painful areas. Make sure the wax is not too hot, and do not use it too often, or you may cause more irritation than you fix. Make sure to eat plenty of fruits and vegetables if you want to help ease the effects of arthritis. Fruits and vegetables are healthy for all people, but for people with arthritis, they are especially helpful because they have vitamins and nutrients that help to build healthy joints and reduce joint inflammation. Let the sun in. Vitamin D has been shown to help relieve some symptoms of arthritis, and sunshine is well-known for increasing positive thoughts and bettering moods. Opening your blinds for around fifteen minutes every day can be enough to give you some great benefits, while still being in the comfort of your home. Add ginger to your food. Ginger is well known for relieving inflammation and stiffness, so adding a few grams a day to your foods can help you reap the benefits of this healthy plant. Ginger and honey drinks are the best method, as honey also gives some of the same benefits. In conclusion, you know not only that there is more than one type of arthritis that can develop, but there are different ways to identify and treat it. Hopefully you will find this information usefu visit spectrumthermography.com and that it will allow you to help yourself or other people that are afflicted with this painful disease.

If you have a persistent cough (a problem), you go to the doctor (the designer) to look for a cure (a solution to your problem). If the doctor, after a careful examination (analysis), and specific examinations (implementation) prescribes you a syrup (design), I doubt that you would argue with him and decide to take a pill instead. The will to be always right is intrinsic in the human nature, but would you risk your health because of your stubbornness? I don’t think so. Design works in the same way: if you go to a designer and give him a solution instead of a problem, then he will not be able to fix your problem, and that trivial cough could turn into something more serious (lower conversion, higher bounce rate, etc).

Friend! There’s a subtle feature of speculative behaviour which reflects the public attitude to money itself. When money is in its right place, fulfilling its proper function, men’s minds are fixed upon the goods and services which money can help them to exchange. In such an economic environment the producers of real wealth are seen to earn a fitting reward for their labours and expertise, and in fact productive and community endeavour are portrayed universally as almost the sole means whereby the individual can get himself a goodly share of the world’s riches. Let there just be a change in the emphasis however. Raise the interest rates. Exacerbate the debt structure. Turn money into a commodity which can be bought and sold at a profit. Then you create a breed of men who live by their dexterity at the exchanges. When these men are seen to prosper more considerably than the producers of goods and services, there is a desire amongst the ordinary plodding citizenry to command a share of the action, and to participate in what are seen as easily made profits. Many a fond illusion was wiped out in the collapse of Wall Street share values during the crash of 1929. Whole volumes have been written about its causes and repercussions, and about the sinister shift in real estate ownership which took place during the spate of liquidations and forced sales which followed. But we shall content ourselves meanwhile with the comment that it was just one of a chain of events that were set in motion way back in 1913 when the Federal Reserve Bank was formed to lend money to the Government.

Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren’t a portfolio lender, don’t give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What

10. Materials • Examine the durability, fixing methods, cost, sheet size and ease of use of materials. • Check the fire rating of materials to ensure that they conform to local fire regulations. • Specify combinations of materials and types of construction accurately, in conformity with local building regulations. Where possible, be specific about the supplier of a material, its surface texture, colours (including the appropriate paint or the surface treatment) and the required fire resistance. • Ask suppliers for produce prototypes wherever possible. • Build a library of samples that you can refer to quickly and easily.

Airlines have no incentive to fix this problem until we, collectively, as a society, demand it. We don't insist on a solution because it's still culturally acceptable to be cruel to fat people. When even pointing out the problem - saying, 'my body does not fit in these seats that I pay for' - returns nothing but abuse and scorn, how can we ever expect that problem to be addressed? The real issue here isn't money, it's bigotry. We don't care about fat people because it is okay not to care about them, and we don't take care of them because we think they don't deserve care. It's the same lack of care that sees fat people dying from substandard medical attention, being hired at lower rates and convicted at higher ones, and being accused of child abuse for feeding their children as best they can.

A CHANGING SOCIETY What does today’s high incidence of social anxiety tell us about modern society? As we’ve seen, social anxiety is connected to a person’s drive for self-preservation and a feeling of safety. It is natural to withdraw from situations that we expect will lead to pain. Avoidance—while not necessarily healthy—is logical. Because the negative social experience of a growing number of people has caused them emotional pain and suffering, the number of individuals who choose to avoid socializing is increasing at an alarming rate. The sometimes wide distance among family members these days only adds to isolation. And the anonymity of large cities creates a vacuum in which many lonely people co-exist, often leading solitary lives in which they pursue their interests and activities alone. We live in a society in which social fears are perhaps not unjustified. As cities become denser, isolation seems to be the best way to counter urban decay. Consider the dangers of the outside world: Crime rates are soaring. Caution—and its companion, fear—are in the air. As the twentieth century draws to a close, we find ourselves in a society where meeting people can be difficult. These larger forces can combine to create a further sense of distance among people. Particularly significant is the change that has taken place as the social organization of the smaller-scale community gives way to that of the larger, increasingly fragmented city. In a “hometown” setting, the character of daily life is largely composed of face-to-face relations with friends, neighbors, co-workers, and family members. But in the hustle and bustle of today’s cities, whose urban sprawls extend to what author Joel Garreau has called Edge Cities—creating light industrial suburbs even larger than the cities they surround—the individual can get lost. It is common in these areas for people to focus solely on themselves, seldom getting to know their neighbors, and rarely living close to family. We may call these places home, but they are a far cry from the destination of that word as we knew it when we were children. Today’s cities are hotbeds of competition on all levels, from the professional to the social. It often seems as if only the most sophisticated “win.” To be ready for this constant challenge, you have to be able to manage in a stressful environment, relying on a whole repertoire of social skills just to stay afloat. This competitive environment can be terrifying for the socially anxious person. The 1980s were a consumer decade in which picture-perfect images on television and in magazines caused many of us to cast our lots with either the haves or the have-nots. Pressure to succeed grew to an all-time high. For those who felt they could not measure up, the challenge seemed daunting. I think the escalating crime rate in today’s urban centers—drugs, burglary, rape, and murder—ties into this trend and society’s response to the pressure. In looking at the forces that influence the social context of modern life, it is clear that feelings of frustration at not “making it” socially and financially are a component in many people’s choosing a life of crime. Interactive ability determines success in establishing a rewarding career, in experiencing relationships. Without these prospects, crime can appear to be a quick fix for a lifelong problem.

How much of your time, at your “hourly rate,” is wasted each year because you’re cleaning up after your employees and fixing issues they’ve created or haven’t resolved themselves?

Watching you and my daughter, seeing how you’ve survived things other women couldn’t--” She licked her lips. “That steel in your backbones came from your bringin’ up, from me. I’ve taught you to stand up and fight back. I’ve raised you proud. Lately, I’ve been staring into my looking glass, wondering where the old Rachel has got off to.” “Oh, Aunt Rachel, you’ve only done what you felt you had to for me and Amy.” Rachel nodded. “Yes. But there comes a time when a body must draw the line." She sighed and rolled her eyes, a reluctant smile tugging at her mouth. “If it’s a draw between a baby and Henry, I’ll kick his ornery butt all the way to the fancy house in Jacksboro and tell him to stay there this time.” Appalled and uncertain how to react, Loretta said, “Fancy house?” “You don’t really think he goes there to get tobacco and coffee and the Godey’s Lady’s Book for us, do you?” Rachel touched Loretta’s shoulder. “Don’t look so woebegone. He leaves me alone for nigh on a month after. I consider it a blessing.” Loretta threw back her head and gave a weak laugh. “Uncle Henry visiting a fancy house? Oh, Aunt Rachel, I bet those ladies double their rates when they see the likes of him coming!” “No doubt,” Rachel said grimly. “A lover, Henry ain’t. I’ve wasted a lot of years kowtowing to him. I don’t plan to waste any more. I can make it without a man. Just you watch me.” She pushed to her feet and extended Loretta a helping hand. “Come on, little mother. I’ll fix you some remedy for that rolling tummy.” “Oh, Aunt Rachel, do you think it’s for sure?” “Sure enough that we’d best start cutting out nightshirts. I got flannel tucked away in my barrel. That’ll make up nice.” Loretta smiled, and taking a deep breath, she passed a hand over her brow. “I am powerful pleased, Aunt Rachel!” “Just keep thinkin’ that way until I get Henry told.” “Do we have to tell him right now?” “Honey, if you go to upchucking of a morning before you can reach the privacy, he’s gonna know anyway. May as well light his fuse when we’re expecting the explosion.

Omaha native Paul Stratman spent forty-four years in the electrical trade, laying wire, managing people, and eventually doing 3D modeling. Then he retired. Dissatisfaction soon set in. “My wife had a long list of things she wanted done around the house,” Paul said, “but that took me less than a year to complete. And I certainly didn’t want to just sit around the house doing nothing for the rest of my life. I wanted to help people.” About this time, he heard about a group of retired tradesmen in the Omaha area who call themselves the Geezers. Several times each week, for a half day at a time, a group of five to ten Geezers meets in North Omaha (a poorer part of town) to rebuild a house for later use by a nonprofit. “Currently, we’re rebuilding a home that will house six former inmates,” Paul told me. “We’re providing the home, and the nonprofit will provide the mentorship when the gentlemen move in.” The goal is to help formerly incarcerated people build better lives and stay out of jail. The rate of recidivism in the United States reaches as high as 83 percent.[12] “Our goal is zero percent among the men who will occupy this home when we are finished,” Paul said. On a previous occasion, after the devastating 2019 midwestern floods, Paul was working as a volunteer in the area to restore electricity to many of the homes when he received an urgent phone call concerning a couple in their fifties whose home had been destroyed in the flood. The couple were living in a camper with their teenage daughter and three grandkids (whose mother was unable to take care of them) while they tried to get enough money to fix their house. Six people in a tiny camper! The couple were worried because they had been informed that someone from Nebraska’s Division of Children and Family Services would be coming to inspect the living conditions for the three grandkids. The couple feared their grandkids were going to be taken from them. They were almost frantic to prevent that. Would Paul help? Paul went right to work. He completed the electrical wiring and safety renovations inside the flood-damaged home, free of charge, in time for it to pass inspection by CFS. The family stayed together. Reflecting on this experience, Paul said, “When you can help people that are so desperate, and can make a little difference in their lives—people who have put their lives on hold to care for the needs of someone else—it is moving. That was one of the most emotional experiences I’ve ever had and some of the most meaningful work I’ve ever accomplished.” Paul has retired from his job, but he hasn’t stopped working for others.

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The /utility /economists, according to Wicksell, were committed to a “thoroughly revolutionary programme” precisely on this question of distribution of income.^9 Marshall, and to some extent Pigou, got out of the fix that their theory had landed them in by emphasizing the danger to total physical national income that would be associated with an attempt to increase its /utility /by making its distribution more equal. This argument has been spoiled by the Keynesian revolution. If, as Keynes expected, saving is more than sufficient for a satisfactory rate of private investment, to use it for social purpose is not only harmless but actually beneficial to National Income, while if more total saving is needed than would be forthcoming under /laisser faire /it can easily be supplemented by budget surpluses. Edgworth, as we saw above,^10 and many after him, took refuge in the argument that we do not really know that greater equality would promote greater happiness, because individuals differ in their capacity for happiness, so that, until we have a thoroughly scientific hedonimeter, “the principle ‘every man, and every woman, to count for one,’ should be very cautiously applied.”^11 Many years ago, this point of view was expressed by Professor Harberler: “How do I know that it hurts you more to have your leg cut off than it hurts me to be pricked by a pin?” It seemed at the time that it would have been more telling if he had put it the other way round. Such arguments are getting rather dangerous nowadays, for though we shall presumably never have a hedonimeter whose findings would be unambiguous, the scientific measurement of pain is fairly well developed, and it would be very surprising if a national survey of the distribution of susceptibility to pain turned out to have just the same skew as the distribution of income. If the question is once put: Would a greater contribution to human welfare be made by an investment in capacity to produce knick-knacks that have to be advertised in order to be sold or an investment in improving the health service, it seems to me that the answer would be only too obvious; the best reply that /laisser-faire /ideology can offer is not to ask the question. [pp. 127-8]

To work less and make more, all you need to do is move the needle on one metric: Effective Hourly Rate (EHR). Here’s how to calculate your EHR: Take the amount of revenue you make in a month and subtract your costs. What you have left is your monthly profit. (If you have a job, then your wage is your profit.) Divide your profit by the number of hours you worked in the month to get it. The number you have now is your EHR. Let’s say you make $20,000 a month in revenue, and your fixed and variable costs come to $15,000. That means your profit will be $5,000. If you work 250 hours a month to achieve that profit then: $5,000/250 = EHR $20/hour

First, I am thrilled that paramedics are finally getting the respect they deserve for being the professionals they can be. The scope of practice is expanding, and patient care modalities are improving, seemingly by the minute. Patient outcomes are also improving as a result, and EMS is passing through puberty and forging into adulthood. On the other hand, autonomy in the hands of the “lesser-motivated,” can be a very dangerous thing. You know as well as I do that there are still plenty of providers who operate from a subjective, complacent, and downright lazy place. Combined with the ever-expanding autonomy, that provider just became more dangerous than he or she ever has been – to the patients and to you. Autonomy in patient care places more pressure for excellence on the provider charged with delivering it, and also on the partner and crew members on scene. Since the base hospital is not involved like it once was, they are likewise less responsible for the errors and omissions of the medics on the scene. Now more than ever, crew members are being held to answer for the mistakes and follies of their coworkers; now more than ever, EMS providers are working without a net. What’s next? I predict (and hope) emergency medical Darwinism is going to force some painful and necessary changes. First, increasing autonomy is going to result in the better and best providing superior patient care. More personal ownership of the results is going to manifest in outcomes such as increased cardiac arrest survival rates, faster and more complete stroke recovery, and significantly better outcomes for STEMI patients, all leading to the brass ring: EMS as a profession, not just a job. On the flip side of that coin, you will see consequences for the not-so-good and completely awful providers. There will be higher instances of licensure action, internal discipline, and wash-out. Unfortunately, all those things will stem from generally preventable negative patient outcomes. The danger for the better provider will be in the penumbra; the murky, gray area of time when providers are self-categorizing. Specifically, the better provider who is aware of the dangerously poor provider but does nothing to fix or flush him or her, is almost certain to be caught up in a bad situation caused by sloppy, complacent, or ultimately negligent patient care that should have been corrected or stopped. The answer is as simple as it is difficult. If you are reading this, it is more likely because you are one of the better, more committed, more professional providers. This transition is up to you. You must dig deep and find the strength necessary to face the issue and force the change; you have to demand more from yourself and from those around you. You must have the willingness to help those providers who want it – and respond to those who need it, but don’t want it – with tough love by showing them the door. In the end, EMS will only ever be as good as you make it. If you lay silent through its evolution, you forfeit the right to complain when it crumbles around you.

Nor for that matter will any other quick fix. Antiterrorism laws are not meant for terrorists; they’re for people that governments don’t like. That’s why they have a conviction rate of less than 2 percent. They’re just a means of putting inconvenient people away without bail for a long time and eventually letting them go. Terrorists like those who attacked Mumbai are hardly likely to be deterred by the prospect of being refused bail or being sentenced to death. It’s what they want.

How do you end inflation? The good news is that a nation doesn’t need tax hikes, super-high interest rates, horrible recessions—or even fishing restrictions. The way to do it, very simply, is to stabilize the value of money. How to achieve this? When a currency begins to slide, the first step should be for a government to publicly declare its intention to support its money, i.e., maintain its value. The way to do so is, very simply, by shrinking the monetary base.

change /ʃɑ̃ʒ/ I. nm 1. (taux) exchange rate • ~ fixe/flottant or flexible | fixed/floating exchange rate • hausse/baisse du ~ | rise/fall in the exchange rate • le ~ ne nous est pas favorable | the exchange rate is not in our favour GB 2. (opération) (foreign) exchange • gagner/perdre au ~ | (lit) to make/to lose money on the exchange; (fig) to make/to lose on the deal • en quittant son emploi précédent il a gagné or il n'a pas perdu au ~ | when he left his previous job it was a change for the better 3. (de bébé) • ~ (complet) | disposable nappy (GB)ou; diaper (US) II. Idiome • donner le change à qn | to pull the wool over sb's eyes

Employment procedures that are unwittingly biased towards men are an issue in promotion as well as hiring. A classic example comes from Google, where women weren't nominating themselves for promotion at the same rate as men. This is unsurprising: women are conditioned to be modest, and are penalised when they step outside of this prescribed gender norm [...] their [Google] solution was not to fix the male-biased system: it was to fix the women. Senior women at Google started hosting workshops 'to encourage women to nominate themselves''.

Having made the mistake of fixing sterling at too high an exchange rate, Britain had no alternative but to continue its policy of deflation, however painful that might be.

It’s importance, however, is bigger than that. Treasury securities are the risk-free yield curve for all of the financial markets. That’s right, the yields of Treasury Bills, Notes, and Bonds from overnight to 30 years make up a yield curve that is used to price all other fixed-income securities. The Treasury market is the reference rate for interest rates. Treasurys are a tool for pricing corporate bonds, municipal bonds, emerging market bonds, federal agencies, mortgage-backed securities, and other dollar assets. On top of that, they’re also a tool for speculation and hedging risk.

2) In that the expansion or contraction of production are determined by the appropriation of unpaid labour and the proportion of this unpaid labour to materialised labour in general, or, to speak the language of the capitalists, by profit and the proportion of this profit to the employed capital, thus by a definite rate of profit, rather than the relation of production to social requirements, i.e., to the requirements of' socially developed human beings. It is for this reason that the capitalist mode of production meets with barriers at a certain expanded stage of production which, if viewed from the other premise, would reversely have been altogether inadequate. It comes to a standstill at a point fixed by the production and realisation of profit, and not the satisfaction of requirements.

In that the expansion or contraction of production are determined by the appropriation of unpaid labour and the proportion of this unpaid labour to materialised labour in general, or, to speak the language of the capitalists, by profit and the proportion of this profit to the employed capital, thus by a definite rate of profit, rather than the relation of production to social requirements, i.e., to the requirements of' socially developed human beings. It is for this reason that the capitalist mode of production meets with barriers at a certain expanded stage of production which, if viewed from the other premise, would reversely have been altogether inadequate. It comes to a standstill at a point fixed by the production and realisation of profit, and not the satisfaction of requirements.

To the threshold of the century…three hundred years had gone by since the discovery of America, and in the great changes of that period oceanic enterprise had been a causative agent at least as important as any other. The rate of change, slow at first, had steadily increased, but it was still in reasonable proportion to the duration of man’s life and the capacity of his mind. Since then the rate has quickened out of proportion to that factor fixed by Nature. Man now is born in one world and dies in another, alien altogether to the world of his formative years. It is stimulating if unhealthy, and where it will lead, none knows. But for good or ill it is the process of modern history. J.A. Williamson, 1938.

There seems no reason why a Textile industry on the grand scale should be a success in Palestine, with labour paid at the rates fixed by the General Federation of Jewish Labour, while the mills of Japan and of Bombay, equipped with the most modern machinery, and employing the cheapest of labour, are unable to find sufficient markets for their goods. From the point of view of those whose ardent desire it is to import Jews from Poland and Russia and the Yemen into Palestine in large numbers, and whose object is gained when the immigrant has arrived in Palestine, it may be sufficient that temporary employment is assured. But the Government is responsible not only for the present, while the imported capital is supporting the new population, but for the future, when spending of the imported capital will be at an end and the immigrant will have to live on employment, which will then be dependent on the success of the mill in competition with the mills of the world.

With the expansion of health data, insurance carriers will increasingly be in a position to offer customized rates.

Lending Club is changing the face of lending by removing the bank from the process. It operates online bringing together investors and borrowers directly so that both can benefit. The borrower benefits by getting a lower interest rate and easy access to funds and the investor benefits by earning a higher return than traditional fixed income investments.

First-century listeners would recognize the financial returns described in the parable as inherently dubious instances of acquisitive economic activity (i.e., using money to make money). Moreover, the usual rates of return at that time were 4–12 percent, and anything greater was considered to be oppressive.12 Recall also that in the first century the economy was seen as a “fixed pie” meaning that in order for one person to gain ten pounds (equivalent of three years’ labor), someone else would have to lose ten pounds. In other words, in order for the rich nobleman to get richer, someone else would have to get poorer.13 And finally, note that collecting interest on money went against the usury laws of Hebrew Scriptures, and that elsewhere Jesus is clearly opposed to the exploitive practices of money-changers.14 In sum, although the social elite may have found it commendable to amass riches via five- and tenfold returns on money, it seems likely that the vast majority of people in the first century would have found this to be morally and ethically reprehensible. Is it Responsible

The warning signs had been there since the crash of 2008, but after the initial shock, nothing had been done to correct the problem. Banks had been trading over $7 trillion in risky derivatives daily, as well as fixing interest rates and making bets on the rigged games. There was an ever-growing gap between the elite and all the rest of the people which had continued to develop even after the 2008 crash.