Institute Anniversary Quotes

money is a matter of belief, even faith: belief in the person paying us; belief in the person issuing the money he uses or the institution that honours his cheques or transfers. Money is not metal. It is trust inscribed. And it does not seem to matter much where it is inscribed: on silver, on clay, on paper, on a liquid crystal display.

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

On 1 November 2008, at an event marking the fiftieth anniversary of the Institute of Race Relations, the institute’s director Ambalavaner Sivanandan told his audience: ‘we are here because you were there’.

This malignant persistence since September 11th is the biggest surprise of all. In previous decades, sneak attacks, stock-market crashes, and other great crises became hinges on which American history swung in dramatically new directions. But events on the same scale, or nearly so, no longer seem to have that power; moneyed interests may have become too entrenched, elites too self-seeking, institutions too feeble, and the public too polarized and passive for the country to be shocked into fundamental change.

All of the likely or possible independent inventions of writing (in Sumer, Mexico, China, and Egypt), and all of the early adaptations of those invented systems (for example, those in Crete, Iran, Turkey, the Indus Valley, and the Maya area), involved socially stratified societies with complex and centralized political institutions, whose necessary relation to food production we shall explore in a later chapter. Early writing served the needs of those political institutions (such as record keeping and royal propaganda), and the users were full-time bureaucrats nourished by stored food surpluses grown by food-producing peasants. Writing was never developed or even adopted by hunter-gatherer societies, because they lacked both the institutional uses of early writing and the social and agricultural mechanisms for generating the food surpluses required to feed scribes.

Wedding Anniversity: A yearly event held in a life-long institution where the goal is not to graduate but to avoid being expelled.

He who has a why to live can bear almost any how.

When he thundered up the steep staircase [of the institute], two steps at a time, there were few of us younger ones that could keep pace with him. The peace of the library was often broken by a brisk game of pingpong, and I don’t remember ever beating Bohr at that game.

I would not have the anniversaries of our victories celebrated, nor those of our defeats made fast days and spent in humiliation and prayer; but I would like to see truthful history written. Such history will do full credit to the courage, endurance and soldierly ability of the American citizen, no matter what section of the country he hailed from, or in what ranks he fought. The justice of the cause which in the end prevailed, will, I doubt not, come to be acknowledged by every citizen of the land, in time. For the present, and so long as there are living witnesses of the great war of sections, there will be people who will not be consoled for the loss of a cause which they believed to be holy. As time passes, people, even of the South, will begin to wonder how it was possible that their ancestors ever fought for or justified institutions which acknowledged the right of property in man.

physicist James Franck, head of the physics department at Haber’s institute, who, like Haber and Hahn, would later win the Nobel Prize.342 So did a crowd of industrial chemists employed by I.G. Farben, a cartel of eight chemical companies assembled in wartime by the energetic Carl Duisberg of Bayer.

Physics students at that time wandered Europe in search of exceptional masters much as their forebears in scholarship and craft had done since medieval days. Universities in Germany were institutions of the state; a professor was a salaried civil servant who also collected fees directly from his students for the courses he chose to give (a Privatdozent

The reasons that Europeans colonized New Guinea, rather than vice versa, are obvious. Europeans were the ones who had the oceangoing ships and compasses to travel to New Guinea; the writing systems and printing presses to produce maps, descriptive accounts, and administrative paperwork useful in establishing control over New Guinea; the political institutions to organize the ships, soldiers, and administration; and the guns to shoot New Guineans who resisted with bow and arrow and clubs.

At least a dozen different so-called good institutions have been identified. Without attempting to rank them in order of importance, but just listing them alphabetically, they include: control of inflation, educational opportunities, effectiveness of government, enforcement of contracts, freedom from trade barriers, incentives and opportunities for investment of capital, lack of corruption, low risk of assassination, open currency exchange, protection of private property rights, rule of law,

the end result of the complex organization that was the efficient software of the Great War was the manufacture of corpses. This essentially industrial operation was fantasized by the generals as a “strategy of attrition.” The British tried to kill Germans, the Germans tried to kill British and French and so on, a “strategy” so familiar by now that it almost sounds normal. It was not normal in Europe before 1914 and no one in authority expected it to evolve, despite the pioneering lessons of the American Civil War. Once the trenches were in place, the long grave already dug (John Masefield’s bitterly ironic phrase), then the war stalemated and death-making overwhelmed any rational response.379 “The war machine,” concludes Elliot, “rooted in law, organization, production, movement, science, technical ingenuity, with its product of six thousand deaths a day over a period of 1,500 days, was the permanent and realistic factor, impervious to fantasy, only slightly altered by human variation.”380 No human institution, Elliot stresses, was sufficiently strong to resist the death machine.381 A new mechanism, the tank, ended the stalemate.

I begin this chapter with President Ronald Reagan’s Farewell Speech on January 11, 1989. President Reagan encouraged the rising generation to “let ’em know and nail ’em on it”—that is, to push back against teachers, professors, journalists, politicians, and others in the governing generation who manipulate and deceive them: An informed patriotism is what we want. And are we doing a good enough job teaching our children what America is and what she represents in the long history of the world? Those of us who are over 35 or so years of age grew up in a different America. We were taught, very directly, what it means to be an American. And we absorbed, almost in the air, a love of country and an appreciation of its institutions. If you didn’t get these things from your family, you got them from the neighborhood, from the father down the street who fought in Korea or the family who lost someone at Anzio. Or you could get a sense of patriotism from school. And if all else failed, you could get a sense of patriotism from the popular culture. The movies celebrated democratic values and implicitly reinforced the idea that America was special. TV was like that, too, through the mid-sixties. But now, we’re about to enter the nineties, and some things have changed. Younger parents aren’t sure that an unambivalent appreciation of America is the right thing to teach modern children. And as for those who create the popular culture, well-grounded patriotism is no longer the style. Our spirit is back, but we haven’t reinstitutionalized it. We’ve got to do a better job of getting across that America is freedom—freedom of speech, freedom of religion, freedom of enterprise. And freedom is special and rare. It’s fragile; it needs [protection]. So, we’ve got to teach history based not on what’s in fashion but what’s important—why the Pilgrims came here, who Jimmy Doolittle was, and what those 30 seconds over Tokyo meant. You know, 4 years ago on the 40th anniversary of D-Day, I read a letter from a young woman writing to her late father, who’d fought on Omaha Beach. Her name was Lisa Zanatta Henn, and she said, “We will always remember, we will never forget what the boys of Normandy did.” Well, let’s help her keep her word. If we forget what we did, we won’t know who we are. I’m warning of an eradication of the American memory that could result, ultimately, in an erosion of the American spirit. Let’s start with some basics: more attention to American history and a greater emphasis on civic ritual. And let me offer lesson number one about America: All great change in America begins at the dinner table. So, tomorrow night in the kitchen, I hope the talking begins. And children, if your parents haven’t been teaching you what it means to be an American, let ’em know and nail ’em on it. That would be a very American thing to do.1

These usages are attested in the most formal manner. “I pour upon the earth of the tomb,” says Iphigenia in Euripides, “milk, honey, and wine; for it is with these that we rejoice the dead.”10 Among the Greeks there was in front of every tomb a place destined for the immolation of the victim and the cooking of its flesh.11 The Roman tomb also had its culina, a species of kitchen, of a particular kind, and entirely for the use of the dead.12 Plutarch relates that after the battle of Platæa, the slain having been buried upon the field of battle, the Platæans engaged to offer them the funeral repast every year. Consequently, on each anniversary they went in grand procession, conducted by their first magistrates to the mound under which the dead lay. They offered the departed milk, wine, oil, and perfumes, and sacrificed a victim. When the provisions had been placed upon the tomb, the Platæans pronounced a formula by which they called the dead to come and partake of this repast. This ceremony was still performed in the time of Plutarch, who was enabled to witness the six hundredth anniversary of it.13 A little later, Lucian, ridiculing these opinions and usages, shows how deeply rooted they were in the common mind. “The dead,” says he, “are nourished by the provisions which we place upon their tomb, and drink the wine which we pour out there; so that one of the dead to whom nothing is offered is condemned to perpetual hunger.”14 These are very old forms of belief, and are quite groundless and ridiculous, and yet they exercised empire over man during a great number of generations. They governed men’s minds; we shall soon see that they governed societies even, and that the greater part of the domestic and social institutions of the ancients was derived from this source.

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

MOO: In 2012 a cow named Darcy walked up to a McDonald’s drive-through window and just stood there. Her owner—Sandy Winn of Brush, Colorado—told police that Darcy had walked the half-mile to the McDonald’s because she “just likes attention.” MOO: Why did a cow climb five sets of stairs in an apartment building in Lesogorsk, Russia, in 2012? She was running away from an excited bull that was chasing her through a field. According to reports, the frightened cow “had to be lassoed and virtually dragged to the lobby while mooing in protest.” MOO: In 2011 a two-year-old boy named Tha Sophat got sick while staying at his grandfather’s farm in Thailand. He wouldn’t eat or drink, and his condition worsened…until he began suckling milk straight from the cow’s udder. The cow didn’t seem to mind, and after a month of nursing, Tha was better. “The neighbors say he will be ashamed when he grows up,” the grandpa told Reuters. “But his health is fine. He is strong and he doesn’t have diarrhea.

you are not you we are not us

The 2011 Bar-B-Que cookoff in Houston came to an abrupt halt after one of the grillers, 51-year-old Mike Hamby, threw a canister of tear gas into a rival team’s tent. The noxious fumes quickly spread to other tents. Dozens of people were sickened, and the contest was postponed. It’s unclear why Hamby threw the canister, but apparently there was a “disagreement.” After the smoke cleared, he was taken into custody…and later fired from his job as an officer with the Houston Police Department.

some of the structural drivers of inflation have also weakened. Trade unions have become less powerful. Loss-making state industries have been privatized. But, perhaps most importantly of all, the social constituency with an interest in positive real returns on bonds has grown. In the developed world a rising share of wealth is held in the form of private pension funds and other savings institutions that are required, or at least expected, to hold a high proportion of their assets in the form of government bonds and other fixed income securities. In 2007 a survey of pension funds in eleven major economies revealed that bonds accounted for more than a quarter of their assets, substantially lower than in past decades, but still a substantial share.71 With every passing year, the proportion of the population living off the income from such funds goes up, as the share of retirees increases.

they felt a genuine distaste for the institution of slavery. But of at least equal importance was a sense that the Confederacy was not a good credit risk (after all, the Confederate president Jefferson Davis had openly advocated the repudiation of state debts when he was a US senator).

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

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

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

The reasons why industrial-scale CHP has not been used more widely in the United States are all related to regulatory and institutional hurdles. It can be difficult to make the necessary coordination arrangements with a large building that will accept and use a generator’s waste heat. It also requires navigating many siting, land use, and other rules to put generators into or near heat users. Arrangements with utilities are also a frequent issue. Because cogenerators displace utility sales, utilities don’t have an economic incentive to help them get established—yet utilities have to connect up and monitor the cogenerator and provide backup service when the cogenerator trips off (some cogenerators are “off the grid,” in which case there is no backup, but most are not).

In America any boy may become president, and I suppose it’s just one of the risks he takes.” —Adlai Stevenson

got his first big television role, co-starring in the sitcom Car 54, Where Are You?, and in 1964 the 6'5″ Gwynne landed his best-known role—the

Christ did not establish and institute the ministry of proclamation to provide us with money, property, popularity, honor, or friendship.

MOO Moo. MOO: One morning in 2012, commuters in Rayburn, Pennsylvania, got stuck in a traffic jam when a cow and a bull decided to have “relations” in the middle of a busy intersection. Police tried shooing them away, but, according to reports, “That just got the bull mad and it started to escalate.” Game officials arrived and steered the couple into a private trailer. MOO: In 2012 a cow named Sadhana and her “bullfriend” got married in a lavish wedding ceremony in Guradia, India. More than 1,500 guests attended. Reason for the wedding: Sadhana’s owners were unable to have children, so without a daughter to marry off, the well-to-do couple married off their cow. MOO: An 18-year-old thief wearing a full-body cow costume stole 26 gallons of milk from a Walmart in Garrisonville, Virginia, in 2011. Witnesses recalled seeing him exit the store “on all fours.” Hours later police apprehended the human cow “skipping down the sidewalk” in front of a nearby McDonald’s.

This was notably the case of the Matronalia on 1 March, 'the calends of the women' (Juv., 9, 53), a solemn occasion said to have been instituted in honour of the Sabine women and the anniversary of the temple dedicated to Juno Lucina in 375 BC. It was, in fact, a kind of mothers' day when their daughters, and also their husbands, gave them presents

That same week, I found a letter written by Fr. Jose Carballo, OFM, the former minister general of the Order of Friars Minor and the current secretary for the Congregation for Institutes of Consecrated Life and Societies of Apostolic Life, to the Poor Clares on their eight hundredth year anniversary. Fr. Carballo writes: If there is anything that destroys our fraternities it is the pretension of being above others, becoming judges of our brothers and sisters. This is due to our projecting onto them our dreams, and we demand of God and others that they fulfill them. Loving our dream of fraternity more than real fraternity, we turn into destroyers of fraternity. We begin to be accusers of our brothers, and then we accuse God, and finally we become desperate accusers of ourselves. We must remember that there will never exist the ideal fraternity that can accept our dreams of pretentious pride, and that the fraternity is built on the basis of pardon and reconciliation, since it has so much to do with our own limitations and those of others.

Mark Twain on Jane Austen: “Every time I read Pride and Prejudice, I want to dig her up and hit her over the skull with her own shin-bone.