Project Syndicate Quotes

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one day Milo contracted with the American military authorities to bomb the German-held highway bridge at Orvieto and with the German military authorities to defend the highway bridge at Orvieto with antiaircraft fire against his own attack. His fee for attacking the bridge for America was the total cost of the operation plus six per cent and his fee from Germany for defending the bridge was the same cost-plus-six agreement augmented by a merit bonus of a thousand dollars for every American plane he shot down. The consummation of these deals represented an important victory for private enterprise, he pointed out, since the armies of both countries were socialized institutions. Once the contracts were signed, there seemed to be no point in using the resources of the syndicate to bomb and defend the bridge, inasmuch as both governments had ample men and material right there to do so and were perfectly happy to contribute them, and in the end Milo realized a fantastic profit from both halves of his project for doing nothing more than signing his name twice.
Joseph Heller (Catch-22)
Milo's planes were a familiar sight. They had freedom of passage everywhere, and one day Milo contracted with the American military authorities to bomb the German-held highway bridge at Orvieto and with the German military authorities to defend the highway bridge at Orvieto with antiaircraft fire against his own attack. His fee for attacking the bridge for America was the total cost of the operation plus six percent, and his fee from Germany for defending the bridge was the same cost-plus-six agreement augmented by a merit bonus of a thousand dollars for every American plane he shot down. The consummation of these deals represented an important victory for private enterprise, he pointed out, since the armies of both countries were socialized institutions. Once the contracts were signed, there seemed to be no point in using the resources of the syndicate to bomb and defend the bridge, inasmuch as both governments had ample men and materiel right there to do so and were perfectly happy to contribute them, and in the end Milo realized a fantastic profit from both halves of his project for doing nothing more than signing his name twice.
Joseph Heller (Catch 22)
-jeez, these guys, with their on-again, off-again rela­tionships, lutgen said; -Yeah, Dave said: now you see them, now you see them once more; -They're virtual insects!, Jurgen said; -Virtually innumerable, said Dave; -I wonder, though, if we haven't got it wrong, Jurgen said: I mean, I wonder if maybe these guys' natural condition isn't to be lit up-if their ground state isn't actually when they're glowing; -Hm, said Dave: so what they're actually doing is turning off their lights­ -Right: momentarily going under; -Flashing darkness­ -Projecting their inner voids­ -Their repeating, periodic depressions ... -So then, I suppose, we should really call them douse bugs---;. -Exactly... -Or nature's faders---;. -Flying extinguishers­ -Buzzing snuffers-! -Or maybe­ -Or maybe, despite what it looks like, maybe they really are glowing constantly, Jurgen said: but, through some malign unknown mechanism, their everlasting light is peri­odically swallowed up by un-understood atmospheric forces; -So then they're being occluded­ -Rudely occluded­ -Denied their God-given right to shine ... -So that, I suppose, would make them-o horror-victims­ -Yeah: victims of predatory darkness­ -Of uncontrollable flares of night; -So it isn't bioluminescence, but eco-eclipsis­ -Exactly: ambient effacement­ -Nature's station-identification­ -Ongoing lessons in humility ... -In fact, that might explain the nits' efficiency factor, Jurgen Said: you know, these guys burn so cleanly that they produce what's known in the trade as cold light they put together this real slow oxidation reaction within these little cell-structures called photocytes, using a really weird enzyme and substrate that're, like, named for the devil; and the result is virtually 100% efficient: almost no heat is lost at all... -So, in fact, these folks should be our heroes­ -Exactly: our role models­ -Our ego ideals---;. -Hosts of syndicated talk shows­ -Spokes-things for massive advertising campaigns---;. -In fact, children should be forced to leave their families and go be raised by them­-MacArthur winners, all...
Evan Dara (The Lost Scrapbook)
Thomas Sowell was born in North Carolina and grew up in Harlem. He moved out from home at an early age and did not finish high school. After a few tough years … read morehe joined the Marine Corps and became a photographer in the Korean War. After leaving the service, Sowell entered Harvard University, worked a part-time job as a photographer and studied the science that would become his passion and profession: economics. Sowell received his bachelor’s degree in economics (magna cum laude) from Harvard in 1958. He went on to receive his master’s in economics from Columbia University in 1959, and a Ph.D. in economics from the University of Chicago in 1968. In the early ’60s, Sowell held jobs as an economist with the Department of Labor and AT&T. But his real interest was in teaching and scholarship. In 1965, at Cornell University, Sowell began the first of many professorships. His other teaching assignments have included Rutgers, Amherst, Brandeis and the UCLA. In addition, Sowell was project director at the Urban Institute, 1972-1974; a fellow at the Center for Advanced Study in the Behavioral Sciences at Stanford University, 1976–77; and was an adjunct scholar of the American Enterprise Institute, 1975-76. Dr. Sowell has published a large volume of writing, much of which is considered ground-breaking. His has written over 30 books and hundreds of articles and essays. His work covers a wide range of topics, Including: classic economic theory, judicial activism, social policy, ethnicity, civil rights, education, and the history of ideas to name only a few. Sowell has earned international acclaim for his unmatched reputation for academic integrity. His scholarship places him as one of the greatest thinkers of the second half of the twenty century. Thomas Sowell began contributing to newspapers in the late ’70s, and he became a nationally syndicated newspaper columnist 1984. Sowell has brought common sense economic thinking to the masses by his ability to write for the general public with a voice that get to the heart of issues in plain English. Today his columns appear in more than 150 newspapers. In 2003, Thomas Sowell received the Bradley Prize for intellectual achievement. Sowell was awarded the National Humanities Medal in 2002. In 1990, he won the prestigious Francis Boyer Award, presented by The American Enterprise Institute. Currently, Thomas Sowell is the Rose and Milton Friedman Senior Fellow on Public Policy at the Hoover Institution at Stanford University in Palo Alto, California. —Dean Kalahar
Dean Kalahar (The Best of Thomas Sowell)
Security Division of NASA: Headed by Werner von Braun. Nazi headquarters were moved to the Caribbean after World War II. The National Security Council, patterned after Hitler’s intelligence apparat, provided the framework inside the White House for political assassinations, Watergate “Plumbers” and election manipulations. Agents from military intelligence and the armed forces were concealed inside defense projects. The Syndicate worked with the Defense Industrial Security Command. Robert Sheridan, appointed by George McGovern to “investigate Watergate for the Democrats,” was the direct liaison to departments involved in the Kennedy assassination. The Watergate parallels are too great to not suspect a continuous working of this operation.28
Mae Brussell (The Essential Mae Brussell: Investigations of Fascism in America)
The solutions to this systemic risk overhang are surprisingly straightforward. The immediate tasks would be to break up large banks and ban most derivatives. Large banks are not necessary to global finance. When large financing is required, a lead bank can organize a syndicate, as was routinely done in the past for massive infrastructure projects such as the Alaska pipeline, the original fleets of supertankers, and the first Boeing 747s. The benefit of breaking up banks would not be that bank failures would be eliminated, but that bank failure would no longer be a threat. The costs of failure would become containable and would not be permitted to metastasize so as to threaten the system. The case for banning most derivatives is even more straightforward. Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.
James Rickards (The Death of Money: The Coming Collapse of the International Monetary System)
The phrase “conflict of interest” barely begins to describe Tom Lanphier’s rabidly partisan approach to advising one of the most powerful congressional allies of the American military-industrial complex. Yet he was in good company. Air force intelligence was crammed with highly competitive analysts who believed they were in a zero-sum game not only with the Russians but also with the army and the navy. If they could make the missile-gap theory stick, America would have to respond with a crash ICBM program of its own. The dominance of the Strategic Air Command in the U.S. military hierarchy would be complete—and Convair would profit mightily. It is hardly surprising that the information Lanphier fed to Symington and Symington to every politician and columnist who would listen was authoritative, alarming, and completely, disastrously wrong. Symington’s “on the record” projection of Soviet nuclear strength, given to Senate hearings on the missile gap in late 1959, was that by 1962 they would have three thousand ICBMs. The actual number was four. Symington’s was a wild guess, an extrapolation based on extrapolations by air force generals who believed it was only responsible to take Khrushchev at his word when, for example, he told journalists in Moscow that a single Soviet factory was producing 250 rockets a year, complete with warheads. Symington knew what he was doing. He wanted to be president and believed rightly that missile-gap scaremongering had helped the Democrats pick up nearly fifty seats in Congress in the 1958 midterm elections. But everyone was at it. The 1958 National Intelligence Estimate had forecast one hundred Soviet ICBMs by 1960 and five hundred by 1962. In January 1960 Allen Dulles, who should have known better because he did know better, told Eisenhower that even though the U-2 had shown no evidence of mass missile production, the Russians could still somehow conjure up two hundred of them in eighteen months. On the political left a former congressional aide called Frank Gibney wrote a baseless five-thousand-word cover story for Harper’s magazine accusing the administration of giving the Soviets a six-to-one lead in ICBMs. (Gibney also recommended putting “a system of really massive retaliation” on the moon.) On the right, Vice President Nixon quietly let friends and pundits know that he felt his own boss didn’t quite get the threat. And in the middle, Joe Alsop wrote a devastating series of columns syndicated to hundreds of newspapers in which he calculated that the Soviets would have 150 ICBMs in ten months flat and suggested that by not matching them warhead for warhead the president was playing Russian roulette with the national future. Alsop, who lived well but expensively in a substantial house in Georgetown, was the Larry King of his day—dapper, superbly well connected, and indefatigable in the pursuit of a good story. His series ran in the last week of January 1960. Khrushchev read it in translation and resolved to steal the thunder of the missile-gap lobby, which was threatening to land him with an arms race that would bankrupt Communism. Before the four-power summit, which was now scheduled for Paris in mid-May, he would offer to dismantle his entire ICBM stockpile. No one needed to know how big or small it was; they just needed to know that he was serious about disarmament. He revealed his plan to the Presidium of the Central Committee of the Communist Party of the Soviet Union at a secret meeting in the Kremlin on
Giles Whittell (Bridge of Spies: A True Story of the Cold War)
Although the full implications of the COVID-19 pandemic remain to be seen, it is already clear that domestic and international politics will – and must – change to prevent an even deeper disaster. We are entering a brave new world in which "big government" and international solidarity are both unavoidable.
Joschka Fischer
Indeed, fascist regimes tried to redraw so radically the boundaries between private and public that the private sphere almost disappeared. Robert Ley, head of the Nazi Labor Office, said that in the Nazi state the only private individual was someone asleep. For some observers, this effort to have the public sphere swallow up the private sphere entirely is indeed the very essence of fascism. It is certainly a fundamental point on which fascist regimes differed most profoundly from authoritarian conservatism, and even more profoundly from classical liberalism. There was no room in this vision of obligatory national unity for either free-thinking persons or for independent, autonomous subcommunities. Churches, Freemasonry, class-based unions or syndicates, political parties— all were suspect as subtracting something from the national will.121 Here were grounds for infinite conflict with conservatives as well as the Left. In pursuit of their mission to unify the community within an all-consuming public sphere, fascist regimes dissolved unions and socialist parties. This radical amputation of what had been normal worker representation, encased as it was in a project of national fulfillment and managed economy, alienated public opinion less than pure military or police repression, as in traditional dictatorships. And indeed the fascists had some success in reconciling some workers to a world without unions or socialist parties, those for whom proletarian solidarity against capitalist bosses was willingly replaced by national identity against other peoples. Brooding about cultural degeneracy was so important a fascist issue that some authors have put it at the center. Every fascist regime sought to control the national culture from the top, to purify it of foreign influences, and make it help carry the message of national unity and revival. Decoding the cultural messages of fascist ceremonies, films, performances, and visual arts has today become the most active field of research on fascism. The “reading” of fascist stagecraft, however ingenious, should not mislead us into thinking that fascist regimes succeeded in establishing monolithic cultural homogeneity. Cultural life in fascist regimes remained a complex patchwork of official activities, spontaneous activities that the regimes tolerated, and even some illicit ones. Ninety percent of the films produced under the Nazi regime were light entertainment without overt propaganda content (not that it was innocent, of course). A few protected Jewish artists hung on remarkably late in Nazi Germany, and the openly homosexual actor and director Gustav Gründgens remained active to the end.
Robert O. Paxton (The Anatomy of Fascism)
The most common theory points to the fact that men are stronger than women, and that they have used their greater physical power to force women into submission … There are two problems with this emphasis on muscle power. First, the statement that ‘men are stronger than women’ is true only on average, and only with regard to certain types of strength. Women are generally more resistant to hunger, disease and fatigue than men. There are also many women who can run faster and lift heavier weights that many men. Furthermore, and most problematically for this theory, women have, throughout history, been excluded mainly from jobs that require little physical effort (such as the priesthood, law and politics), while engaging in hard manual labour in the fields, in crafts and in the household. If social power were divided in direct relation to physical strength or stamina, women should have got far more of it. Even more importantly, there simply is no direct relation between physical strength and social power among humans. People in their sixties usually exercise power over people in their twenties, even though twentysomethings are much stronger than their elders. The typical plantation owner in Alabama in the mid-nineteenth century could have been wrestled to the ground in seconds by any of the slaves cultivating his cotton fields. Boxing matches were not used to select Egyptian pharaohs or Catholic popes. In forager societies, political dominance generally resides with the person possessing the best social skills rather than the most developed musculature. In organized crime, the big boss is not necessarily the strongest man. He is often an older man who very rarely uses his own fists; he gets younger and fitter men to do the dirty jobs for him. A guy who thinks that the way to take over the syndicate is to beat up the don is unlikely to live long enough to learn from his mistake … In fact, human history shows that there is often an inverse relation between physical prowess and social power … If all that counted were raw physical abilities, Sapiens would have found themselves on a middle rung of the ladder. But their mental and social skills placed them at the top. It is therefore only natural that the chain of power within the species will also be determined by mental and social abilities more than by brute force. Consequently it sounds improbable that the most influential and most stable social hierarchy in history is founded on men’s ability physically to coerce women … … One can’t reasonably argue that their physical weakness or low testosterone levels prevented women from being successful mandarins, generals and politicians. In order to manage a war, you surely need stamina, but not much physical strength or aggressiveness. Wars are not a pub brawl. They are very complex projects that require an extraordinary degree of organization, cooperation and appeasement. The ability to maintain peace at home, acquire allies abroad, and understand what goes through the minds of other people (particularly your enemies) is usually the key to victory. Hence an aggressive brute is often the worst choice to run a war. Much better is a cooperative person who knows how to appease, how to manipulate and how to see things from different perspectives … Women are often stereotyped as better manipulators and appeasers than men, and are famed for their superior ability to see things from the perspective of others. If there’s any truth in these stereotypes, then women should have made excellent politicians and empire-builders, leaving the dirty work on the battlefields to testosterone-charged but simple-minded machos. Popular myths notwithstanding, this rarely happened in the real world… … How did it happen that in the one species whose success depends above all on cooperation, individuals who are supposedly less cooperative (men) control individuals who are supposedly more cooperative (women)?
Yuval Noah Harari
Why Smart Businesses Are Turning to Debt Syndication for Expansion Funding A few years ago, I sat with a friend who runs a mid-sized manufacturing company. He was trying to expand, but the banks kept offering him funding that either came with way too many strings attached or just wasn’t enough to cover the big jump he needed. That’s when he stumbled upon the concept of debt syndication. And honestly? It made me realize why more and more businesses — especially the ambitious ones — are heading in that direction when they want to grow. What’s Debt Syndication in Simple Words? Think of debt syndication like pooling together resources for a group project. Instead of relying on one lender (like one friend who agrees to carry the whole project), multiple banks or financial institutions chip in. So instead of putting all your hopes on one lender’s desk, you spread the risk and the funding responsibility across a few. It’s safer, often faster, and surprisingly more flexible. Why Businesses Prefer This Route Let’s be honest: expansion requires serious money. And traditional single-bank loans don’t always cut it. Here’s why smart companies lean toward syndication: Bigger ticket sizes – One bank might hesitate to lend ₹100 crores alone, but a group of three or four banks together? Much more doable. Lower risk for lenders – Since the load is shared, banks feel more comfortable, which means businesses often get better terms. Customized solutions – The structure can be tailored depending on what the company actually needs instead of a one-size-fits-all loan. Reputation boost – When multiple big names back your business, it sends a strong signal of credibility. I’ve seen cases where even startups managed to unlock better deals through this route, simply because lenders shared the risk. The “Expansion” Part Most businesses don’t turn to debt syndication just to keep the lights on — they do it when they’re ready to level up. Think about: A retail chain opening 50 more outlets. A logistics company buying a new fleet of trucks. A hospital group adding specialized wings in multiple cities. All of these require large sums, and getting that kind of money from one lender is often a nightmare. Debt syndication makes the jump possible without getting stuck in endless negotiations. My Two Cents From what I’ve seen (and heard over countless coffee chats with business folks), companies that go down this road aren’t just looking for money. They’re looking for strategic growth fuel. The catch? It’s not always simple to structure these deals. You need people who know how to talk to multiple lenders, juggle terms, and still keep your business goals intact. If you’re curious about how it actually works in practice, there’s a solid resource here: . Final Thoughts Debt syndication isn’t some fancy financial buzzword anymore. It’s becoming the go-to option for businesses that want to expand without putting all their eggs in one lender’s basket. Sure, it’s a little more complex than knocking on your neighborhood bank’s door. But if your business is serious about scaling, it’s worth exploring. At the end of the day, it’s like hiking a mountain: you wouldn’t want to rely on one shaky rope. You’d rather have a few strong ones keeping you secure while you climb.
Sukesh Kumar
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