Sinking Fund Quotes

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And of course Brian was far more upset about separation from those two blond moppets than about leaving Louise. There shouldn't be any problem loving both, but for some reason certain men choose; like good mutual-fund managers minimizing risk while maximizing portfolio yield, they take everything they once invested in their wives and sink it into their children instead. What is it? Do they seem safer, because they need you? Because you can never become their ex-father, as I think I might become your ex-wife?
Lionel Shriver (We Need to Talk About Kevin)
To summarize what I have said: Aim for the highest; never enter a bar-room; do not touch liquor, or if at all only at meals; never speculate; never indorse beyond your surplus cash fund; make the firm’s interest yours; break orders always to save owners; concentrate; put all your eggs in one basket, and watch that basket; expenditure always within revenue; lastly, be not impatient, for, as Emerson says, “no one can cheat you out of ultimate success but yourselves.” I congratulate poor young men upon being born to that ancient and honourable degree which renders it necessary that they should devote themselves to hard work. A basketful of bonds is the heaviest basket a young man ever had to carry. He generally gets to staggering under it. We have in this city creditable instances of such young men, who have pressed to the front rank of our best and most useful citizens. These deserve great credit. But the vast majority of the sons of rich men are unable to resist the temptations to which wealth subjects them, and sink to unworthy lives. I would almost as soon leave a young man a curse, as burden him with the almighty dollar. It is not from this class you have rivalry to fear. The partner’s sons will not trouble you much, but look out that some boys poorer, much poorer than yourselves, whose parents cannot afford to give them the advantages of a course in this institute, advantages which should give you a decided lead in the race–look out that such boys do not challenge you at the post and pass you at the grand stand. Look out for the boy who has to plunge into work direct from the common school and who begins by sweeping out the office. He is the probable dark horse that you had better watch.
Andrew Carnegie (The Road To Business Success)
When historians write the epitaph for neoliberalism, they will have to conclude that it was the form of capitalism that systematically prioritized political imperatives over economic ones. That is: given a choice between a course of action that will make capitalism seem like the only possible economic system, and one that will make capitalism actually be a more viable long-term economic system, neoliberalism has meant always choosing the former. Does destroying job security while increasing working hours really create a more productive (let alone innovative, loyal) workforce? There is every reason to believe that exactly the opposite is the case. In purely economic terms the result of neoliberal reform of labor markets is almost certainly negative—an impression that overall lower economic growth rates in just about all parts of the world in the eighties and nineties would tend to reinforce. However it has been spectacularly effective in depoliticizing labor. The same could be said of the burgeoning growth in armies, police, and private security services. They’re utterly unproductive—nothing but a resource sink. It’s quite possible, in fact, that the very weight of the apparatus created to ensure the ideological victory of capitalism will itself ultimately sink it. But it’s also easy to see how, if the ultimate imperative of those running the world is choking off the possibility of any sense of an inevitable, redemptive future that will be fundamentally different than the world today must be a crucial part of the neoliberal project. Antithesis Yet even those areas of science and technology that did receive massive funding have not seen the breakthroughs originally anticipated
David Graeber (The Utopia of Rules)
What have I earned for all that work,’ I said, ‘For all that I have done at my own charge? The daily spite of this unmannerly town, Where who has served the most is most defamed, The reputation of his lifetime lost Between the night and morning. I might have lived, And you know well how great the longing has been, Where every day my footfall should have lit In the green shadow of Ferrara wall; Or climbed among the images of the past – The unperturbed and courtly images – Evening and morning, the steep street of Urbino To where the Duchess and her people talked The stately midnight through until they stood In their great window looking at the dawn; I might have had no friend that could not mix Courtesy and passion into one like those That saw the wicks grow yellow in the dawn; I might have used the one substantial right My trade allows: chosen my company, And chosen what scenery had pleased me best.’ Thereon my phoenix answered in reproof, ‘The drunkards, pilferers of public funds, All the dishonest crowd I had driven away, When my luck changed and they dared meet my face, Crawled from obscurity, and set upon me Those I had served and some that I had fed; Yet never have I, now nor any time, Complained of the people.’ All I could reply Was: ‘You, that have not lived in thought but deed, Can have the purity of a natural force, But I, whose virtues are the definitions Of the analytic mind, can neither close The eye of the mind nor keep my tongue from speech.’ And yet, because my heart leaped at her words, I was abashed, and now they come to mind After nine years, I sink my head abashed.
W.B. Yeats (Collected Poems (Macmillan Collector's Library))
The only word these corporations know is more,” wrote Chris Hedges, former correspondent for the Christian Science Monitor, National Public Radio, and the New York Times. They are disemboweling every last social service program funded by the taxpayers, from education to Social Security, because they want that money themselves. Let the sick die. Let the poor go hungry. Let families be tossed in the street. Let the unemployed rot. Let children in the inner city or rural wastelands learn nothing and live in misery and fear. Let the students finish school with no jobs and no prospects of jobs. Let the prison system, the largest in the industrial world, expand to swallow up all potential dissenters. Let torture continue. Let teachers, police, firefighters, postal employees and social workers join the ranks of the unemployed. Let the roads, bridges, dams, levees, power grids, rail lines, subways, bus services, schools and libraries crumble or close. Let the rising temperatures of the planet, the freak weather patterns, the hurricanes, the droughts, the flooding, the tornadoes, the melting polar ice caps, the poisoned water systems, the polluted air increase until the species dies. There are no excuses left. Either you join the revolt taking place on Wall Street and in the financial districts of other cities across the country or you stand on the wrong side of history. Either you obstruct, in the only form left to us, which is civil disobedience, the plundering by the criminal class on Wall Street and accelerated destruction of the ecosystem that sustains the human species, or become the passive enabler of a monstrous evil. Either you taste, feel and smell the intoxication of freedom and revolt or sink into the miasma of despair and apathy. Either you are a rebel or a slave. To be declared innocent in a country where the rule of law means nothing, where we have undergone a corporate coup, where the poor and working men and women are reduced to joblessness and hunger, where war, financial speculation and internal surveillance are the only real business of the state, where even habeas corpus no longer exists, where you, as a citizen, are nothing more than a commodity to corporate systems of power, one to be used and discarded, is to be complicit in this radical evil. To stand on the sidelines and say “I am innocent” is to bear the mark of Cain; it is to do nothing to reach out and help the weak, the oppressed and the suffering, to save the planet. To be innocent in times like these is to be a criminal.
Jim Marrs (Our Occulted History: Do the Global Elite Conceal Ancient Aliens?)
headquarters permanently to Rome. Rome was at the center of world affairs, as it was also the center of world corruption. Where else could be better suited—especially now that Monteriggioni was no longer a viable option? He also had plans for a system of distribution of the Brotherhood’s funds in response to individual Assassins’ successfully completed missions. Those diamonds he’d taken from the slave traders had come in very handy, a welcome addition to the campaign fund. One day… But “one day” was still a long way off. The Brotherhood still had no new elected leader, though by common consent and by virtue of their actions, he and Machiavelli had become its temporary chiefs. But they were still only temporary. Nothing had been ratified in formal council. And Caterina preyed on his mind. He had left Claudia to oversee the renovation of the Rosa in Fiore without any supervision or interference. Let her sink or swim in her own overweening confidence! It’d be no fault of his if she sank. But the brothel was an important link in his network, and he admitted to himself that if he really had had absolutely no faith in her, he might have leaned on her harder in the first place. Now was the time to put her work—what she had achieved—to the test. When he returned to the Rosa in Fiore, he was as surprised as he was pleased. Just as successful, he hoped, as his own previous transformations in the city, and at Bartolomeo’s barracks, had been (though even for those he was modest and realistic enough not to take all the credit). But he hid his delight as he took in the sumptuous rooms hung with costly tapestries, the wide sofas, the soft silk cushions, and the white wines chilled with ice—an
Oliver Bowden (Assassin's Creed: Brotherhood)
(A sinking fund is a repository, set up apart from the general budget, for revenues to pay off debt.) It would sequester revenues from the sudden whims of grasping politicians who might want to raid the Treasury for short-term gain. The sinking fund would retire about 5 percent of the debt each year until it was paid off.
Ron Chernow (Alexander Hamilton)
sinking funds are where you save for expected expenses.
Grainne McNamee (How to Get Out of Debt)
sinking funds are where you save for expected expenses. Sinking funds enable you to prepare for irregular costs in advance, so you will no longer use emergency savings, or resort to using debt, to cover these costs.
Grainne McNamee (How to Get Out of Debt)
Hamilton used the sinking fund to maintain the confidence of creditors in the government’s securities; he had no intention of paying off the outstanding principal of the debt. Retiring the debt would only destroy its usefulness as money and as a means of attaching investors to the federal government.
Gordon S. Wood (Empire of Liberty: A History of the Early Republic, 1789-1815)
This simple investment strategy—indexing—has outperformed all but a handful of the thousands of equity and bond funds that are sold to the public. But you wouldn’t know this when Wall Street throws everything but the kitchen sink at you to convince you otherwise. This is the plan we use ourselves for our retirement funds, and this is the plan we urge you to follow, too.
Burton G. Malkiel (The Elements of Investing: Easy Lessons for Every Investor)
Their personal credit score will likely sink due to the level of debt they are carrying to fund their business.
Garrett Sutton (Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad Advisors))
We are sinking under the weight of the taxpayer burdens to the tune of $46.7 billion dollars to fund just one executive order by the treasonous President Clinton, Executive Order 13166, that requires multi-lingualism everywhere and everyplace. This is the main reason why you see so many signs, descriptions on food products, etc. in Spanish. It was mandated by law.
J. Micha-el Thomas Hays (Rise of the New World Order: The Culling of Man)
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G.B.A." "I know, I see, I feel and yes I fear it everyday These ego's there minds and games With all their power could end our days Still the sun it shines and the moon it sinks with grace It's such a shame that all this shit exists Here on this earth, this magical place I'm doing fine I'm doing fine, fine fine Yes you have the funds and size and power to make some change What you have will break their smiles So many people so many ways Each Child who walks their line Should be free to run their race It's such a shame that all this shit exists Here on this earth, this magical place I'm doing fine I'm doing fine I'm doing fine, fine fine I'm doing fine
Xavier Rudd
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