Recession Opportunity Quotes

The test of a progressive policy is not private but public, not just rising income and consumption for individuals, but widening the opportunities and what Amartya Sen calls the 'capabilities' of all through collective action. But that means, it must mean, public non-profit initiative, even if only in redistributing private accumulation. Public decisions aimed at collective social improvement from which all human lives should gain. That is the basis of progressive policy—not maximising economic growth and personal incomes. Nowhere will this be more important than in tackling the greatest problem facing us this century, the environmental crisis. Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action, a bigger shift than the British government has yet envisaged. And, given the acuteness of the economic crisis, probably a fairly rapid shift. Time is not on our side.

In many schools, teachers have been told, falsely, that there is an “opportunity zone” in which a child’s gender identification is malleable. They have used this zone to try to stamp out boyhood: banning same-sex play groups and birthday parties, forcing children to do gender-atypical activities, suspending boys who run during recess or play cops and robbers. In her book the War Against Boys, the philosopher Christina Hoff Sommers rightly calls this agenda “meddlesome, abusive and quite beyond what educators in a free society are mandated to do(172).

Priests and nuns have had their chance with me. I’m still wearing the scars to prove it.”) And so, during the weekend recess, the Meiers invited Cullivan to eat Sunday dinner with the prisoner in his cell. The opportunity to entertain his friend, play host

The long run is just a collection of short runs you have to put up with. Saying you have a ten year time horizon doesn't exempt you from al the non-sense that happens in the next ten years. Everyone has to experience the recessions, the bear markets, the meltdowns, the surprises and the memes. So rather than assume long term thinkers don't have to deal with short-notice nonsense, ask the question: how can I endure a never-ending parade of nonsense?

(a) Recent U.S. income growth primarily occurs at the top 1 percent of the income distribution. (b) As a result there is growing inequality. (c) And those at the bottom and in the middle are actually worse-off today than they were at the beginning of the century. (d) Inequalities in wealth are even greater than inequalities in income. (e) Inequalities are apparent not just in income but in a variety of other variables that reflect standards of living, such as insecurity and health. (f) Life is particularly harsh at the bottom—and the recession made it much worse. (g) There has been a hollowing out of the middle class. (h) There is little income mobility—the notion of America as a land of opportunity is a myth. (i) And America has more inequality than any other advanced industrialized country, it does less to correct these inequities, and inequality is growing more than in many other countries.

Covid-19 offers us a great opportunity for individual and collective recession. It is a time to go back to the drawing board and rewrite the next phase of our existence. The upcoming generation has to read about how we fought this pandemic with or without vaccines in order to overcome similar situations during their times.

All at once he found his mind drawing a parallel between that destiny and his own existence; all at once questions of life arose before his vision, like owls in an ancient ruin flushed from sleep by a stray ray of sunlight. Somehow he felt pained and grieved at his arrested development, at the check which had taken place in his moral growth, at the weight which appeared to be pressing upon his every faculty. Also gnawing at his heart there was a sense of envy that others should be living a life so full and free, while all the time the narrow, pitiful little pathway of his own existence was being blocked by a great boulder. And in his hesitating soul there arose a torturing consciousness that many sides of his nature had never yet been stirred, that others had never even been touched, and that not one of them had attained complete formation. Yet with this there went an aching suspicion that, buried in his being, as in a tomb, there still remained a moribund element of sweetness and light, and that it was an element which, though hidden in his personality, as a nugget lies lurking in the bowels of the earth, might once have become minted into sterling coin. But the treasure was now overlaid with rubbish--was now thickly littered over with dust. 'Twas as though some one had stolen from him, and besmirched, the store of gifts with which life and the world had dowered him; so that always he would be prevented from entering life's field and sailing across it with the aid of intellect and of will. Yes, at the very start a secret enemy had laid a heavy hand upon him and diverted him from the road of human destiny. And now he seemed to be powerless to leave the swamps and wilds in favour of that road. All around him was a forest, and ever the recesses of his soul were growing dimmer and darker, and the path more and more tangled, while the consciousness of his condition kept awaking within him less and less frequently--to arouse only for a fleeting moment his slumbering faculties. Brain and volition alike had become paralysed, and, to all appearances, irrevocably--the events of his life had become whittled down to microscopical proportions. Yet even with them he was powerless to cope--he was powerless to pass from one of them to another. Consequently they bandied him to and fro like the waves of the ocean. Never was he able to oppose to any event elasticity of will; never was he able to conceive, as the result of any event, a reasoned-out impulse. Yet to confess this, even to himself, always cost him a bitter pang: his fruitless regrets for lost opportunities, coupled with burning reproaches of conscience, always pricked him like needles, and led him to strive to put away such reproaches and to discover a scapegoat.

I decide to scope out craigslist to see all the vibrant economic employment opportunities available to me in this depression. Oh, I’m sorry, I mean “recession.” No matter how many millions of jobs are lost, how much debt our country accrues, or how many years the stagnation drags on, it’s not a depression until the dogmatic media officially declares it to be a depression. It’s as if they believe by repeatedly printing or saying economists are afraid the economy will slip back into a recession, they’ll fool the masses of unemployed or underemployed into believing that not only are we not in a depression, but we aren’t even in a recession. I’m sure the millions of unemployed, freshly graduated college kids who have thousands of dollars of unshakable debt to pay off feel comforted by the empty repetition.

Even though we had such different families, Keri and I were a good pair, both freckled and Irish with a strong belief in justice. We would go out for recess and spend the whole time walking and talking. This is something I still love to do today. I call it "walking the beat." I often call my friends and tell them to meet me on a New York corner at a certain time. The physical act of walking combined with the opportunity to look out at the world while you are sharing your thoughts and feelings is very comforting to me. You are in charge of the route and the amount of eye contact. I guess those days with Keri were when this started.

Do not make the mistake of supposing that the little world you see around you — the Earth, which is a mere grain of dust in the Universe — is the Universe itself. There are millions upon millions of such worlds, and greater. And there are millions of millions of such Universes in existence within the Infinite Mind of THE ALL. And even in our own little solar system there are regions and planes of life far higher than ours, and beings compared to which we earth-bound mortals are as the slimy life-forms that dwell on the ocean's bed when compared to Man. There are beings with powers and attributes higher than Man has ever dreamed of the gods' possessing. And yet these beings were once as you, and still lower — and you will be even as they, and still higher, in time, for such is the Destiny of Man as reported by the Illumined. And Death is not real, even in the Relative sense — it is but Birth to a new life — and You shall go on, and on, and on, to higher and still higher planes of life, for aeons upon aeons of time. The Universe is your home, and you shall explore its farthest recesses before the end of Time. You are dwelling in the Infinite Mind of THE ALL, and your possibilities and opportunities are infinite, both in time and Space. And at the end of the Grand Cycle of Aeons, when THE ALL shall draw back into itself all of its creations — you will go gladly, for you will then be able to know the Whole Truth of being At One with THE ALL. Such is the report of the Illumined — those who have advanced well along The Path. And, in the meantime, rest calm and serene — you are safe and protected by the Infinite Power of the FATHER-MOTHER MIND.

There was a beat of silence in which I digested what he’d said. He wasn’t mean or menacing this time. There was no edge to his voice. “What?” I gasped. “I’m trying really hard not to hurt you, but I’m struggling. You need to take a step back before I do something I’ll regret,” he explained. “Who said I can leave you alone?” I asked breathlessly, not really deciphering my own words. “You think I haven’t tried?” “Try harder, Luna. I know you can, because for about eight years, you did. Three unreciprocated kisses. You sleeping with someone else. You did a pretty darn good job, so just keep doing it, okay?” I remembered what he’d said about my presence feeling like a metal chain. A heavy burden he wanted to shake off. Guess it had always been easy for me to choose Knight, because I didn’t have any options. Because Knight always chose me. But his choice came with a bigger sacrifice. He was the one getting me out of trouble, shooing off the bullies, making sure I had someone to sit with at recess. He was the one who constantly gave up the opportunity to actually date the hottest girls. “Moonshine,” he pushed through the fog in my head, pulling me back to reality. “Give it a rest. You’re poking the bear.” “You didn’t even say anything about my talking,” I sulked, feeling the anger clogging my throat. I didn’t know why it was so important to address it right this second. I could hear the smile in his voice. “I always knew you’d talk, and not just to me. To everyone. I watched you crawl out of your shell, and it was slow, but by fucking God, it was beautiful. Have you spoken to anyone else?” He sounded warm, conversational now—the Knight I was used to, who looked at me with admiration and delight.

and prominent intellectual and political elites leaves the playing field open for others to step in and present themselves as advocates for the entire working or middle class or other distinct underrepresented groups. Indeed, politics since 2000 has been marked by the rise of populists—politicians who spurn “out-of-touch experts” and who claim to speak on behalf of millions of people with whom they in fact have no authentic connection, and in whom they have no genuine interest beyond securing votes to support their own often very personal agendas. In America, the first sign of things to come was during the Great Recession, with the emergence of the Tea Party movement in the Republican Party, inside and outside Congress. The movement formed in reaction to the efforts by the administration of Barack Obama to bail out the U.S. financial sector in the midst of the economic crisis. Its members initially presented themselves as fiscal conservatives, calling for the kind of lower taxes and limited government spending espoused by Ronald Reagan. They quickly moved on to oppose the administration’s promotion of universal health care and other social policies, and soon morphed into an activist protest movement supporting new candidates for office with a mixture of conservative, libertarian, and right-wing populist credentials. Many of these Tea Party candidates would later support Donald Trump’s election in 2016.

By January 1983, in the midst of a recession, Black unemployment had reached an astounding 21.2 percent. While American history frequently chooses to romanticize him, there was perhaps no bigger antagonist to Black Americans, legislatively at least, than President Ronald Reagan. His economic agenda, better known as “Reaganomics,” disproportionately harmed lower-income Black communities. Reagan cut funding for the Equal Employment Opportunity Commission and the civil rights division of the Department of Justice, and his emphasis on “trickle-down” economics was starving Black communities. The former Hollywood-actor-turned-California-governor-turned-American-president understood the value of crippling Black lives.

In a functional sense, we work to be able to consume, and in the relatively advanced, wealthy economy we enjoy, it is reasonable to expect a higher share of output to be devoted to our own wants and needs over physical capital and infrastructure. The state of the labor market plays a crucial role in determining spending behavior. When people consume, they make their decisions based on their expectations for future income: confident, spend away; not so confident, cut back. A tight labor market breeds confidence. If you’re in a job you might not have for long, or might not want for long, and you look around to find plentiful opportunities, you’re more likely to spend and possibly take on debt. One of the more interesting aspects of the recovery from the Great Recession of 2008 and 2009 was our caution.

But Bloomberg still talks about it as the lucky break of his career. “After all, losing a job can be a golden opportunity to start your own business. (Thank you very much, Salomon Brothers),” said the Mayor in his speech to the Economic Club of New York on March 23, 2009, at the height of the great recession (lasting from December 2007 to June 2009, according to official statistics of the National Bureau of Economic Research). He explained how his administration intended to overcome the crisis by encouraging the entrepreneurial spirit of the City, with many new initiatives to attract “the best and brightest” brains and help them build their startups.[13]

If we were to excavate the deepest recesses of our consciousness, we would discover many beliefs about ourselves that are simply not true and that may never have been true...We may have defined ourselves in a limiting way based on our history and the opinion of others...and we stay stuck there because we fail to recognize there is a door right in front of us providing another opportunity to redefine who we are today.

In late 2008, one of my business partners, Clayton Christensen offered his opinion that the recession would have an “unmitigated positive impact on innovation” because “when the tension is greatest and resources are most limited, people are actually a lot more open to rethinking the fundamental way they do business.” This theory is supported by the Kaufmann Foundation statistic that “51 percent of the Fortune 500 companies began during a recession or bear market or both.” Whether launching a business or pursuing a dream, there are many high-profile instances in which a lack of resources ultimately proved to be a boon, rather than a bane. If we dig a bit, each of us can uncover examples among friends and family, and ourselves. Would most children have as many opportunities as they do in sports, music, or other extracurricular activities without parents, mothers in particular, who are accomplished at bartering as a way to stretch limited family budgets? Would kids have as many chances to explore their interests if their parents weren’t so adept at arranging for carpooling, chaperoning, and borrowing, thus enabling their kids to participate? Without the constraints of time, money, and health, would the online retailer Shabby Apple exist? (For a reminder of how that business came to be, see chapter 5.) If my parents could have paid for college, would I have caught an early glimpse of corporate life during the Silicon Valley heyday? Would I have ever set foot on Wall Street had I not needed to work to put my husband through school? All of us have had the opportunity to bootstrap if we look hard enough. Men seem to know how to do this in the business world: 88 percent of the founders of Entrepreneur magazine’s Hot 500 were men. But I wonder if women aren’t better at bootstrapping than we think we are. Chronically under resourced (whether due to the gender pay gap or ceding our resources to conform to societal expectations), women continually feel the tension of having too little budget and too little time. Because of this tension, we are expert at rethinking how to get things done. Many of us know how to turn scarcity into opportunity.

realize that they might have a chance to step forward from the recesses of the brain and express themselves. Thoughts that might save time, create new opportunities, or generally do good things—they’re all in there. But every time they try to make themselves known, they’re brushed aside by another fast-moving “immediacy.” These ideas find little opportunity to make themselves known in our busy world, and collectively we run the risk of losing them forever.

It takes time for individual thoughts and ideas to realize that they might have a chance to step forward from the recesses of the brain and express themselves. Thoughts that might save time, create new opportunities, or generally do good things—they’re all in there. But every time they try to make themselves known, they’re brushed aside by another fast-moving “immediacy.” These ideas find little opportunity to make themselves known in our busy world, and collectively we run the risk of losing them forever.

Westerners live in a complex society, and opportunities for scamming relatively small amounts of money off the bottom are almost endless—and very hard to catch. But scamming large amounts of money off the top seems even harder to catch. Fraud by American defense contractors is estimated at around $100 billion per year, and they are relatively well behaved compared to the financial industry. The FBI reports that since the economic recession of 2008, securities and commodities fraud in the United States has gone up by more than 50 percent. In the decade prior, almost 90 percent of corporate fraud cases—insider trading, kickbacks and bribes, false accounting—implicated the company’s chief executive officer and/or chief financial officer. The recession, which was triggered by illegal and unwise banking practices, cost American shareholders several trillion dollars in stock value losses and is thought to have set the American economy back by a decade and a half. Total costs for the recession have been estimated to be as high as $14 trillion—or about $45,000 per citizen. Most

Understanding Financial Risks and Companies Mitigate them? Financial risks are the possible threats, losses and debts corporations face during setting up policies and seeking new business opportunities. Financial risks lead to negative implications for the corporations that can lead to loss of financial assets, liabilities and capital. Mitigation of risks and their avoidance in the early stages of product deployment, strategy-planning and other vital phases is top-priority for financial advisors and managers. Here's how to mitigate risks in financial corporates:- ● Keeping track of Business Operations Evaluating existing business operations in the corporations will provide a holistic view of the movement of cash-flows, utilisation of financial assets, and avoiding debts and losses. ● Stocking up Emergency Funds Just as families maintain an emergency fund for dealing with uncertainties, the same goes for large corporates. Coping with uncertainty such as the ongoing pandemic is a valuable lesson that has taught businesses to maintain emergency funds to avoid economic lapses. ● Taking Data-Backed Decisions Senior financial advisors and managers must take well-reformed decisions backed by data insights. Data-based technologies such as data analytics, science, and others provide resourceful insights about various economic activities and help single out the anomalies and avoid risks. Enrolling for a course in finance through a reputed university can help young aspiring financial risk advisors understand different ways of mitigating risks and threats. The IIM risk management course provides meaningful insights into the other risks involved in corporations. What are the Financial Risks Involved in Corporations? Amongst the several roles and responsibilities undertaken by the financial management sector, identifying and analysing the volatile financial risks. Financial risk management is the pinnacle of the financial world and incorporates the following risks:- ● Market Risk Market risk refers to the threats that emerge due to corporational work-flows, operational setup and work-systems. Various financial risks include- an economic recession, interest rate fluctuations, natural calamities and others. Market risks are also known as "systematic risk" and need to be dealt with appropriately. When there are significant changes in market rates, these risks emerge and lead to economic losses. ● Credit Risk Credit risk is amongst the common threats that organisations face in the current financial scenarios. This risk emerges when a corporation provides credit to its borrower, and there are lapses while receiving owned principal and interest. Credit risk arises when a borrower falters to make the payment owed to them. ● Liquidity Risk Liquidity risk crops up when investors, business ventures and large organisations cannot meet their debt compulsions in the short run. Liquidity risk emerges when a particular financial asset, security or economic proposition can't be traded in the market. ● Operational Risk Operational risk arises due to financial losses resulting from employee's mistakes, failures in implementing policies, reforms and other procedures. Key Takeaway The various financial risks discussed above help professionals learn the different risks, threats and losses. Enrolling for a course in finance assists learners understand the different risks. Moreover, pursuing the IIM risk management course can expose professionals to the scope of international financial management in India and other key concepts.

Fall River, an old mill town fifty miles south of Boston. Median household income in that city is $33,000, among the lowest in the state; unemployment is among the highest, 15 percent in March 2014, nearly five years after the recession ended. Twenty-three percent of Fall River’s inhabitants live in poverty. The city lost its many fabric-making concerns years ago and with them it lost its reason for being. People have been deserting the place for decades.14 Many of the empty factories in which their ancestors worked are still standing, however. Solid nineteenth-century structures of granite or brick, these huge boxes dominate the city visually—there always seems to be one or two of them in the vista, contrasting painfully with whatever colorful plastic fast-food joint has been slapped up next door. Most of these old factories are boarded up, unmistakable emblems of hopelessness right up to the roof. But the ones that have been successfully repurposed are in some ways even worse, filled as they often are with enterprises offering cheap suits or help with drug addiction. A clinic in the hulk of one abandoned mill has a sign on the window reading, simply, “Cancer & Blood.” The effect of all this is to remind you with every prospect that this is a place and a way of life from which the politicians have withdrawn their blessing. Like so many other American scenes, this one is the product of decades of deindustrialization, engineered by Republicans and rationalized by Democrats. Fifty miles away, Boston is a roaring success, but the doctrine of prosperity that you see on every corner in Boston also serves to explain away the failure you see on every corner in Fall River. This is a place where affluence never returns—not because affluence for Fall River is impossible or unimaginable, but because our country’s leaders have blandly accepted a social order that constantly bids down the wages of people like these while bidding up the rewards for innovators, creatives, and professionals. Even the city’s one real hope for new employment opportunities—an Amazon warehouse that is in the planning stages—will serve to lock in this relationship. If all goes according to plan, and if Amazon sticks to the practices it has pioneered elsewhere, people from Fall River will one day get to do exhausting work with few benefits while being electronically monitored for efficiency, in order to save the affluent customers of nearby Boston a few pennies when they buy books or electronics.15

When there is a world recession, at some stage the world or major countries will come out of it, and people will spend money again. How can you use your time now to develop something which will be needed when the recession ends?

The CEO did not acknowledge that the reason millennials might be interested in experiences—like the experience of renting things they could never own—was related to student loan debt, or the recession, or the plummeting market value of cultural products in an age of digital distribution. There were no crises in this vision of the future. There were only opportunities.

Carter’s victory was the great opportunity for Democrats to show what they could do for the vast majority of the population. Instead they did next to nothing. Oh, they were able to get a big capital-gains tax cut passed, all right—and if you’re looking for the roots of today’s extreme inequality, it’s a good place to start. Carter’s Democrats deregulated airlines and trucking. They embraced austerity as inflation mounted higher and higher. They stood by indifferently as an employer counterattack squashed the decade’s militant unionism. When it came to New Deal programs like a proposed full-employment scheme, they proved to be worse than useless.19 What the Carter team really cared about was fighting inflation and balancing the budget, anti-populist causes for which they were willing to accept spiraling unemployment. When his handpicked Fed chairman, Paul Volcker, chose to tackle inflation by jacking interest rates up to a now unthinkable 20 percent, he sent the economy into a sharp recession that, in turn, scorched Carter’s hopes for a second term. As for the ordinary Americans who were hard hit by the shutting down of prosperity, Volcker had this winning admonition: “The standard of living of the average American has to decline.

I asked our business leaders in the depths of the recession to begin working with their suppliers to prepare for the recovery. This seemed impossible to leaders at the time, since many economists and some of my staff were predicting that we’d see an L-shaped recovery—one that was essentially nonexistent. Our sales, according to this view, would never rebound to their prerecession levels. I insisted that recovery would come, just as it always had in the past. And when it did, our short-cycle businesses had to make sure they were first in line for supplies. Our leaders began these conversations, working with suppliers up front to lock in first priority over our competitors when the recovery came. This represented independent thinking on our part—our competitors weren’t doing this. We also took the opportunity to negotiate better payment terms, price reductions, and long-term deals, which were all easier to obtain during a recession. As a result of this effort, we got a big lift as the economy improved, outpacing our competitors in our sales growth, to the delight of our investors.

Please start a business during this depressive recession. Your opportunity only goes up from here. Opportunities come and go but if you do nothing about them so do you.

And death is not real, even in the relative sense-it is but Birth to a new life-and You shall go on, and on, and on, to higher and still higher planes of life, for aeons upon aeons of time. The Universe is your home, and you shall explore its farthest recesses before the end of Time. You are dwelling in the Infinite Mind of THE ALL, and your possibilities and opportunities are infinite, both in time and space. And at the end of the Grand Cycle of Aeons, when THE ALL shall draw back into itself all of its creations-you will go gladly, for you will then be able to know the Whole Truth of being At One with THE ALL. Such is the report of the Illumined-those who have advanced well along The Path. And, in the meantime, rest calm and, serene-you are safe and protected by the Infinite Power of the FATHER-MOTHER MIND. I

He therefore that would govern his actions by the laws of virtue, must regulate his thoughts by those of reason;  he must keep guilt from the recesses of his heart, and remember that the pleasures of fancy, and the emotions of desire, are more dangerous as they are more hidden, since they escape the awe of observation, and operate equally in every situation, without the concurrence of external opportunities.

As the latest science and psychology entered behavioral management, the approach shifted. Now, if a student acts out or isn’t following directions, Hillary says, “I first provide them with a choice, asking, ‘Can you reset?’” A reset is a momentary pause, an opportunity for the child to think about their behavior or mistake and correct it. Teachers explain and practice resets throughout the year. If the child resets, the teacher quickly moves on. As Hillary summarizes, “Everybody makes mistakes and mistakes are okay. A reset is a chance to think through your emotions and come back online. Children aren’t used to or equipped to navigate the barrage of emotions they feel. Give them space to deal with them.” And if the behavior continues? “I give them two options. For example, you can start your assignment at your desk or at my table. Or, you can reset now or we can practice resetting at recess together. They feel like they have control as they’re picking a choice, but I’m steering their behaviors toward what is acceptable. They can’t just say ‘No.