Rated R Senior Quotes

Firms in industries with the greatest increase in concentration enjoyed higher profits. But, as Adam Smith observed, monopolies don’t serve the public good. Rather, monopolies create barriers to entry which discourage the establishment of new firms and innovation.29 Rising industry concentration was associated with higher pay for senior executives, a decline in workers’ bargaining power, and falling investment and R&D. Economists at the National Bureau of Economic Research found that while ‘low interest rates have traditionally been viewed as positive for economic growth … extremely low interest rates may lead to slower growth by increasing market concentration.

The least senior men in each division served as mess cooks and set up tables and benches for each meal. They retrieved food from the main galley in pots and on platters, and it was passed around family-style. The place settings were heavy white porcelain plates and mugs and stainless-steel utensils. The senior rated man at each table was responsible for the conduct of the men at his table. It was quite permissible to ask for seconds if there was food left—usually a rarity—but anyone who attempted to help himself before all had been initially served was apt to get more than his hand slapped. Afterward, the mess cooks hauled everything back to the galley for washing to make it ready for the next meal.

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