Sources Of Finance Quotes

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The inner work that must be done will not always be easy and the road will not always be smooth, but it is vital to do the work of shedding the stories that are the true source of suffering.
Daniel Mangena (Money Game: A Wealth Manifestation Guide. Level Up Your Mindset Step-By-Step & Create An Abundant Life)
Businesses, like people, should have multiple sources of income.
Hendrith Vanlon Smith Jr.
Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.
Albert Einstein (Why Socialism?)
Chase after money and the stuggering race will never end; but reach out for successful ideas and the sources of money will chase after you to fill your pockets.
Wayne Chirisa
Be the light and source of inspiration that others see
Sunday Adelaja
Never depend on a single income. Make Investments to create a second source.” - Warren Buffet
Archie Lee
By a closed economic system is meant the idea that the world’s energy supply, upon which the financial system of the banksters is based, is founded upon non-renewable energy sources such as oil, natural gas, and so on. Hence, the system is closed since the whole premise of the system is scarcity and nonrenewability.
Joseph P. Farrell (Babylon's Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion)
The consequences of treating generations of women as economically illiterate are that women have been unable to educate their daughters about money, women have been shut out from one of the main sources of power in capitalist societies (money), and few girls have grown up believing that finance is a career for them.
Annabelle Williams (Why Women Are Poorer Than Men and What We Can Do About It)
job (noun): the work that we do to secure the means of survival and – in some cases – a spring of satisfaction and delight; more often, a useful tool that we have in our possession in order to distract ourselves from potential alarming thoughts and to release us from the boredom of inactivity. Furthermore, a source that finances our leisure time so that this can effectively continue the important task of distraction.
Giannis Delimitsos
Despite the intervening six decades of scientific inquiry since Selye’s groundbreaking work, the physiological impact of the emotions is still far from fully appreciated. The medical approach to health and illness continues to suppose that body and mind are separable from each other and from the milieu in which they exist. Compounding that mistake is a definition of stress that is narrow and simplistic. Medical thinking usually sees stress as highly disturbing but isolated events such as, for example, sudden unemployment, a marriage breakup or the death of a loved one. These major events are potent sources of stress for many, but there are chronic daily stresses in people’s lives that are more insidious and more harmful in their long-term biological consequences. Internally generated stresses take their toll without in any way seeming out of the ordinary. For those habituated to high levels of internal stress since early childhood, it is the absence of stress that creates unease, evoking boredom and a sense of meaninglessness. People may become addicted to their own stress hormones, adrenaline and cortisol, Hans Selye observed. To such persons stress feels desirable, while the absence of it feels like something to be avoided. When people describe themselves as being stressed, they usually mean the nervous agitation they experience under excessive demands — most commonly in the areas of work, family, relationships, finances or health. But sensations of nervous tension do not define stress — nor, strictly speaking, are they always perceived when people are stressed. Stress, as we will define it, is not a matter of subjective feeling. It is a measurable set of objective physiological events in the body, involving the brain, the hormonal apparatus, the immune system and many other organs. Both animals and people can experience stress with no awareness of its presence. “Stress is not simply nervous tension,” Selye pointed out. “Stress reactions do occur in lower animals, and even in plants, that have no nervous systems…. Indeed, stress can be produced under deep anaesthesia in patients who are unconscious, and even in cell cultures grown outside the body.” Similarly, stress effects can be highly active in persons who are fully awake, but who are in the grip of unconscious emotions or cut off from their body responses. The physiology of stress may be triggered without observable effects on behaviour and without subjective awareness, as has been shown in animal experiments and in human studies.
Gabor Maté (When the Body Says No: The Cost of Hidden Stress)
The government monopoly of money leads not just to the suppression of innovation and experiment, not just to inflation and debasement, not just to financial crises, but to inequality too. As Dominic Frisby points out in his book Life After the State, opportunities in finance ripple outwards from the Treasury. The state spends money before it even exists; the privileged banks then get first access to newly minted money and can invest it before assets have increased in cost. By the time it reaches ordinary people, the money is worth less. This outward percolation is known as the Cantillon Effect – after Richard Cantillon, who noticed that the creation of paper money in the South Sea Bubble benefited those closest to the source first. Frisby argues that the process of money creation by an expansionary government effectively redistributes money from the poor to the rich. ‘This is not the free market at work, but a gross, unintended economic distortion caused by the colossal government intervention.’ The
Matt Ridley (The Evolution of Everything: How New Ideas Emerge)
If you run a bakery, you need a baker, a shop assistant to sell the cakes, and someone to oversee the finances. Would you employ the same person to do all three jobs? Of course not. Your financial wizard may know nothing about baking, but he will keep your accounts in perfect order. Your shop assistant may know nothing about finances, but he understands how to treat his customers. Each brings a unique skill to his job. In the same way, you may know enough about each set of skills to be able to manage a team of people, but you aren’t necessarily the best person to actually do the baking, even if you have a rough knowledge of it.
Andrea Plos (Sources of Wealth)
Multiply examples, choose them where you will, consider the origin of all fortunes, large or small, whether arising out of commerce, finance, manufactures or the land. Everywhere you will find that the wealth of the wealthy springs from the poverty of the poor. This is why an anarchist society need not fear the advent of a Rothschild who would settle in its midst. If every member of the community knows that after a few hours of productive toil he will have a right to all the pleasures that civilization procures, and to those deeper sources of enjoyment which art and science offer to all who seek them, he will not sell his strength for a starvation wage.
Pyotr Kropotkin (The Conquest of Bread (Working Classics))
The federal government could make a Rolls Royce affordable for every American, but we would not be a richer country as a result. We would in fact be a much poorer country, because of all the vast resources transferred from other economic activities to subsidize an extravagant luxury. [...] To have politicians arbitrarily change the price tags, so that prices no longer represent the real costs, is to defeat the whole purpose [of an economy: to make trade-offs, with the prices of a market economy representing the costs of producing things]. Reality doesn't change when the government changes price tags. Talk about "bringing down health care costs" is not aimed at the costly legal environment in which medical science operates, or other sources of needless medical costs. It is aimed at price control, which hides costs rather than reducing them. [...] Whether in France during the 1790s, the Soviet Union after the Bolshevik revolution, or in newly independent African nations during the past generation, governments have imposed artificially low prices on food. In each case, this led to artificially low supplies of food and artificially high levels of hunger. People who complain about the "prohibitive" cost of housing, or of going to college, for example, fail to understand that the whole point of costs is to be prohibitive. [...] The idea [that "basic necessities" should be a "right"] certainly sounds nice. But the very fact that we can seriously entertain such a notion, as if we were God on the first day of creation, instead of mortals constrained by the universe we find in place, shows the utter unreality of failing to understand that we can only make choices among alternatives actually available. [...] Trade-offs [as opposed to solutions] remain inescapable, whether they are made through a market or through politics. The difference is that price tags present all the trade-offs simultaneously, while political 'affordability' policies arbitrarily fix on whatever is hot at the moment. That is why cities have been financing all kinds of boondoggles for years, while their bridges rusted and the roadways crumbled.
Thomas Sowell (The Thomas Sowell Reader)
Today, I want to talk about dumb networks. I want to talk about smart networks. I want to talk about the value of open source when it meets finance. And I want to talk about the festival of the commons. ​ Bitcoin is a currency. Bitcoin is a network. Bitcoin is a technology. And you can’t separate these things. A consensus network that bases its value on currency does not work without the currency. ​You can’t just do the blockchain without a valuable currency behind it, and the currency doesn’t work without the network. Bitcoin is both. It is the convergence of a participatory consensus network and a global, borderless currency that is fungible, fast, and secure.

 Today, I want to talk a bit about the bitcoin network and focus on one concept that has some parallels to the early internet.
Andreas M. Antonopoulos (The Internet of Money)
Hitler, then, as his future Reichsbank president and Minister of Economics says, was beginning to see the men in Germany who had the money, and he was telling them more or less what they wanted to hear. The party needed large sums to finance election campaigns, pay the bill for its widespread and intensified propaganda, meet the payroll of hundreds of full-time officials and maintain the private armies of the S.A. and the S.S., which by the end of 1930 numbered more than 100,000 men—a larger force than the Reichswehr. The businessmen and the bankers were not the only financial sources—the, party raised sizable sums from dues, assessments, collections and the sale of party newspapers, books and periodicals—but they were the largest. And the more money they gave the Nazis, the less they would have for the other conservative parties which they had been supporting hitherto.
William L. Shirer (The Rise and Fall of the Third Reich: A History of Nazi Germany)
While amassing one of the most lucrative fortunes in the world, the Kochs had also created an ideological assembly line justifying it. Now they had added a powerful political machine to protect it. They had hired top-level operatives, financed their own voter data bank, commissioned state-of-the-art polling, and created a fund-raising operation that enlisted hundreds of other wealthy Americans to help pay for it. They had also forged a coalition of some seventeen allied conservative groups with niche constituencies who would mask their centralized source of funding and carry their message. To mobilize Latino voters, they formed a group called the Libre Initiative. To reach conservative women, they funded Concerned Women for America. For millennials, they formed Generation Opportunity. To cover up fingerprints on television attack ads, they hid behind the American Future Fund and other front groups. Their network’s money also flowed to gun groups, retirees, veterans, antilabor groups, antitax groups, evangelical Christian groups, and even $4.5 million for something called the Center for Shared Services, which coordinated administrative tasks such as office space rentals and paperwork for the others. Americans for Prosperity, meanwhile, organized chapters all across the country. The Kochs had established what was in effect their own private political party.
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
There followed a three-year spectacle during which [Senator Joseph] McCarthy captured enormous media attention by prophesying the imminent ruin of America and by making false charges that he then denied raising—only to invent new ones. He claimed to have identified subversives in the State Department, the army, think tanks, universities, labor unions, the press, and Hollywood. He cast doubt on the patriotism of all who criticized him, including fellow senators. McCarthy was profoundly careless about his sources of information and far too glib when connecting dots that had no logical link. In his view, you were guilty if you were or ever had been a Communist, had attended a gathering where a supposed Communist sympathizer was present, had read a book authored by someone soft on Communism, or subscribed to a magazine with liberal ideas. McCarthy, who was nicknamed Tailgunner Joe, though he had never been a tail gunner, was also fond of superlatives. By the middle of 1951, he was warning the Senate of “a conspiracy so immense and an infamy so black as to dwarf any previous such venture in the history of man.” McCarthy would neither have become a sensation, nor ruined the careers of so many innocent people, had he not received support from some of the nation’s leading newspapers and financing from right-wingers with deep pockets. He would have been exposed much sooner had his wild accusations not been met with silence by many mainstream political leaders from both parties who were uncomfortable with his bullying tactics but lacked the courage to call his bluff. By the time he self-destructed, a small number of people working in government had indeed been identified as security risks, but none because of the Wisconsin senator’s scattershot investigations. McCarthy fooled as many as he did because a lot of people shared his anxieties, liked his vituperative style, and enjoyed watching the powerful squirm. Whether his allegations were greeted with resignation or indignation didn’t matter so much as the fact that they were reported on and repeated. The more inflammatory the charge, the more coverage it received. Even skeptics subscribed to the idea that, though McCarthy might be exaggerating, there had to be some fire beneath the smoke he was spreading. This is the demagogue’s trick, the Fascist’s ploy, exemplified most outrageously by the spurious and anti-Jewish Protocols of the Elders of Zion. Repeat a lie often enough and it begins to sound as if it must—or at least might—be so. “Falsehood flies,” observed Jonathan Swift, “and the truth comes limping after it.” McCarthy’s career shows how much hysteria a skilled and shameless prevaricator can stir up, especially when he claims to be fighting in a just cause. After all, if Communism was the ultimate evil, a lot could be hazarded—including objectivity and conventional morality—in opposing it.
Madeleine K. Albright (Fascism: A Warning)
Anna Chapman was born Anna Vasil’yevna Kushchyenko, in Volgograd, formally Stalingrad, Russia, an important Russian industrial city. During the Battle of Stalingrad in World War II, the city became famous for its resistance against the German Army. As a matter of personal history, I had an uncle, by marriage that was killed in this battle. Many historians consider the battle of Stalingrad the largest and bloodiest battle in the history of warfare. Anna earned her master's degree in economics in Moscow. Her father at the time was employed by the Soviet embassy in Nairobi, Kenya, where he allegedly was a senior KGB agent. After her marriage to Alex Chapman, Anna became a British subject and held a British passport. For a time Alex and Anna lived in London where among other places, she worked for Barclays Bank. In 2009 Anna Chapman left her husband and London, and moved to New York City, living at 20 Exchange Place, in the Wall Street area of downtown Manhattan. In 2009, after a slow start, she enlarged her real-estate business, having as many as 50 employees. Chapman, using her real name worked in the Russian “Illegals Program,” a group of sleeper agents, when an undercover FBI agent, in a New York coffee shop, offered to get her a fake passport, which she accepted. On her father’s advice she handed the passport over to the NYPD, however it still led to her arrest. Ten Russian agents including Anna Chapman were arrested, after having been observed for years, on charges which included money laundering and suspicion of spying for Russia. This led to the largest prisoner swap between the United States and Russia since 1986. On July 8, 2010 the swap was completed at the Vienna International Airport. Five days later the British Home Office revoked Anna’s citizenship preventing her return to England. In December of 2010 Anna Chapman reappeared when she was appointed to the public council of the Young Guard of United Russia, where she was involved in the education of young people. The following month Chapman began hosting a weekly TV show in Russia called Secrets of the World and in June of 2011 she was appointed as editor of Venture Business News magazine. In 2012, the FBI released information that Anna Chapman attempted to snare a senior member of President Barack Obama's cabinet, in what was termed a “Honey Trap.” After the 2008 financial meltdown, sources suggest that Anna may have targeted the dapper Peter Orzag, who was divorced in 2006 and served as Special Assistant to the President, for Economic Policy. Between 2007 and 2010 he was involved in the drafting of the federal budget for the Obama Administration and may have been an appealing target to the FSB, the Russian Intelligence Agency. During Orzag’s time as a federal employee, he frequently came to New York City, where associating with Anna could have been a natural fit, considering her financial and economics background. Coincidently, Orzag resigned from his federal position the same month that Chapman was arrested. Following this, Orzag took a job at Citigroup as Vice President of Global Banking. In 2009, he fathered a child with his former girlfriend, Claire Milonas, the daughter of Greek shipping executive, Spiros Milonas, chairman and President of Ionian Management Inc. In September of 2010, Orzag married Bianna Golodryga, the popular news and finance anchor at Yahoo and a contributor to MSNBC's Morning Joe. She also had co-anchored the weekend edition of ABC's Good Morning America. Not surprisingly Bianna was born in in Moldova, Soviet Union, and in 1980, her family moved to Houston, Texas. She graduated from the University of Texas at Austin, with a degree in Russian/East European & Eurasian studies and has a minor in economics. They have two children. Yes, she is fluent in Russian! Presently Orszag is a banker and economist, and a Vice Chairman of investment banking and Managing Director at Lazard.
Hank Bracker
One of the worst outcomes of unemployment is finance; it is really tough for a jobless person to manage their basic need in such situation as they are not having any fixed source of the income. Loan for unemployed is a financial plan that is especially intended to assist unwaged borrowers. With the support of this financial service they can easily access the funds despite of not having a job.
bardnulla
Our country was very close to acquiring full sovereignty—that is, a nuclear weapon. In the new world order, only nations that have a nuclear arsenal are sovereign; the others may be potential hotbeds of tension or providential sources of raw materials for the great powers, but from now on, that’s all. The world is run by the forces of international finance, for which peace is equivalent to layoffs. It’s all a matter of living space.
Anonymous
Thank you Lord that you are the source of all that I have. Eery skill, talent, all finances and earthly possessions. Bless your Holy name. You are Jehovah Jireh the God who provides. Thank you Lord I am a good steward over all you provide. I honor you Lord with the tithe and first fruit of my increase. God everything I have is yours. Instruct my spending. Help me to be wise in the area of finances.
Lynn R. Davis (The Life-Changing Experience of Hearing God's Voice and Following His Divine Direction: The Fervent Prayers of a Warrior Mom)
So how do my election law offenses compare to those of leading progressives? Well, let’s see. Senate Majority Leader Harry Reid took $31,000 in late 2013 from his campaign funds to buy jewelry for his granddaughter Ryan Elisabeth Reid’s wedding. In his campaign year-end report, Reid tried to hide his granddaughter’s relationship to him by simply listing the transaction as a “holiday gift” to one “Ryan Elisabeth.” The impression Reid sought to convey was that he was buying gifts for his supporters. When it came to light that Reid had funneled campaign money to his granddaughter, Reid agreed to repay the money, but waxed indignant at continuing questions from reporters. “As a grandparent,” he fumed, “I say enough is enough.” Although Reid’s case involves obvious corruption, the Obama administration has neither investigated nor prosecuted a case against this stalwart Obama ally.6 Bill Clinton, you may recall, had his own campaign finance controversy. Following the 1996 election, the Democratic National Committee was forced to return $2.8 million in illegal and improper donations, most of it from foreign sources. Most of that money was raised by a shady Clinton fundraiser named John Huang. Huang, who used to work for the Lippo Group, an Indonesian conglomerate, set up a fundraising scheme for foreign businessmen seeking special favors from the U.S. government to meet with Clinton, in exchange for large sums of money. A South Korean businessman had dinner with President Clinton in return for a $250,000 donation. Yogesh Gandhi, an Indian businessman who claimed to be related to Mahatma Gandhi, arranged to meet Clinton in the White House and be photographed receiving an award in exchange for a $325,000 contribution. Both donations were returned, but again, no official investigation, no prosecutions.7
Dinesh D'Souza (Stealing America: What My Experience with Criminal Gangs Taught Me about Obama, Hillary, and the Democratic Party)
An average American millionaire has 7 sources of income. Did you notice what they just did there? They “Managed Their Risks”. That’s what you should be doing. Don’t put all your eggs in one basket.
Saad (Corporate Finance Fundamentals: Big Business Theory for SME, Investor or MBA Application)
The New Yorker (The New Yorker) - Clip This Article on Location 1510 | Added on Wednesday, June 10, 2015 5:42:23 PM FICTION THE DUNIAZáT BY SALMAN RUSHDIE   In the year 1195, the great philosopher Ibn Rushd, once the qadi , or judge, of Seville and most recently the personal physician to the Caliph Abu Yusuf Yaqub in his home town of Córdoba, was formally discredited and disgraced on account of his liberal ideas, which were unacceptable to the increasingly powerful Berber fanatics who were spreading like a pestilence across Arab Spain, and was sent to live in internal exile in the small village of Lucena, a village full of Jews who could no longer say they were Jews because they had been forced to convert to Islam. Ibn Rushd, a philosopher who was no longer permitted to expound his philosophy, all of whose writing had been banned and burned, felt instantly at home among the Jews who could not say they were Jews. He had been a favorite of the Caliph of the present ruling dynasty, the Almohads, but favorites go out of fashion, and Abu Yusuf Yaqub had allowed the fanatics to push the great commentator on Aristotle out of town. The philosopher who could not speak his philosophy lived on a narrow unpaved street in a humble house with small windows and was terribly oppressed by the absence of light. He set up a medical practice in Lucena, and his status as the ex-physician of the Caliph himself brought him patients; in addition, he used what assets he had to enter modestly into the horse trade, and also financed the making of tinajas , the large earthenware vessels, in which the Jews who were no longer Jews stored and sold olive oil and wine. One day soon after the beginning of his exile, a girl of perhaps sixteen summers appeared outside his door, smiling gently, not knocking or intruding on his thoughts in any way, and simply stood there waiting patiently until he became aware of her presence and invited her in. She told him that she was newly orphaned, that she had no source of income, but preferred not to work in the whorehouse, and that her name was Dunia, which did not sound like a Jewish name because she was not allowed to speak her Jewish name, and, because she was illiterate, she could not write it down. She told him that a traveller had suggested the name and said it was Greek and meant “the world,” and she had liked that idea. Ibn Rushd, the translator of Aristotle, did not quibble with her, knowing that it meant “the world” in enough tongues to make pedantry unnecessary. “Why have you named yourself after the world?” he asked her, and she replied, looking him in the eye as she spoke, “Because a world will flow from me and those who flow from me will spread across the world.” Being a man of reason, Ibn Rushd did not guess that the girl was a supernatural creature, a jinnia, of the tribe of female jinn: a grand princess of that tribe, on an earthly adventure, pursuing her fascination with human men in general and brilliant ones in particular.
Anonymous
Corporations have a unique role to play in creating a cleaner environment, and they also have economic incentives to use energy more efficiently as demand and costs rise globally. If every company in the S&P 500 voluntarily reported and disclosed its energy costs, clearly and explicitly as a line item on the balance sheet, there would be pressure to reduce that cost, just as there is for every other expense item. This would result in analyst and investor pressure on corporate executives to be more efficient with their energy output and to source cheaper and alternative sources, which would have a far greater impact on carbon emissions and pollution than any political treaty in history. As an added advantage, reducing costs increases profitability, which provides the appropriate incentives for corporate executives to act in their shareholders’ best interests and effect positive social change. According to PwC, 98 percent of the S&P 500 companies surveyed can link investments in emissions reduction to value creation.55 As a result, these corporations are discovering new ways to enhance efficiencies, create new markets, and build a competitive advantage.
Jeremy Balkin (Investing with Impact: Why Finance Is a Force for Good)
conventional energy sources (while nonrenewable) will continue to be used for at least 50 years. Thus, if our definition of sustainable goes to 50 years in the future, conventional energy sources are sustainable. Indeed, because of the effects of financial markets, as the cost of conventional fuel increases because of its depletion, we can anticipate that its extraction will slow as it is replaced by renewable energy sources. Thus we can readily see the continued use of conventional fuels for the next 100 years—barring some type of unexpected scientific breakthrough.
Betty Simkins (Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy (Robert W. Kolb Series Book 606))
Figure 1: The incidence of banking crises Source: Own calculations, based on the reported numbers of major bank failures in OECD economies, from Reinhart and Rogoff (2010)
John Kay (Other People's Money: The Real Business of Finance)
Yet perhaps the most surprising source of high fees for corporate advisory work is in the new issue market, since the percentages are not small and the money often comes from the pockets of founders and early shareholders. In the USA, 7 per cent is a standard fee for an IPO (initial public offering), and rarely discounted (European fees are typically lower and more variable).5 But no evidence of a cartel has been produced, and probably none exists—there is simply a strong perception of collective interest in maintaining the status quo. Regulation
John Kay (Other People's Money: The Real Business of Finance)
Product: What is the product or service? What benefit does it provide and to whom? Can you make it inexpensively and of high quality? What form will it take? Website? App? Brick and mortar business? Marketing: Identify a few of the most effective marketing strategies to promote your business Finances: What are the major sources of revenue? How will this happen profitably? When will you achieve financial sustainability? Do you need to raise money for this? How much?
Alex Genadinik (Business Plan Template And Example: How To Write A Business Plan: Business Planning Made Simple)
Lenin approved and relied heavily upon them as a source of funds to finance political activity. With his connivance they continued in the aftermath of 1905 despite the fact that a Menshevik-sponsored resolution forbidding them was passed at the party’s Fourth Congress—the so-called Unity Congress—held in Stockholm in 1906.
Robert C. Tucker (Stalin as Revolutionary: A Study in History and Personality, 1879-1929)
Although these operations (known among the revolutionaries as “exes”) aroused much opposition in the party, especially from the Mensheviks, Lenin approved and relied heavily upon them as a source of funds to finance political activity. With his connivance they continued in the aftermath of 1905 despite the fact that a Menshevik-sponsored resolution forbidding them was passed at the party’s Fourth Congress—the so-called Unity Congress—held in Stockholm in 1906.
Robert C. Tucker (Stalin as Revolutionary: A Study in History and Personality, 1879-1929)
Whether you are seeking financing from equity sources, lenders, vendors, customers, or from internal cash, realistic goals and achievable projections enhance credibility. Miss your projections and financiers are unlikely to take you seriously. Achieving projections helps enhance credibility and helps you get the right financing from the right sources at the right time with the right terms.
Dileep Rao (Nothing Ventured, Everything Gained: How Entrepreneurs Create, Control, and Retain Wealth Without Venture Capital)
Smart finance involves knowing and understanding the pros and cons of your financing options and developing a plan that is right for you and your company. In Taylor’s opinion, the best financing source for most companies is internal cash flow from operations.
Dileep Rao (Nothing Ventured, Everything Gained: How Entrepreneurs Create, Control, and Retain Wealth Without Venture Capital)
When they expanded, Taylor sought financing from local and state government sources because they often were the cheapest, and the subordinated nature of many government loans also encouraged private financial institutions to offer funds at a lower cost. While Taylor sought extended terms from his financiers, his company also improved operations and paid the debt back quickly.
Dileep Rao (Nothing Ventured, Everything Gained: How Entrepreneurs Create, Control, and Retain Wealth Without Venture Capital)
After the MTA released its $14.4 billion plan in November 1980, a governor’s aide told Ravitch that Carey was not interested in entertaining a fare hike or a tax package for the MTA. Carey preferred holding down the fare rather than financing a multibillion-dollar capital program. The governor also saw Ravitch’s proposal as a threat to Westway. A coalition of thirty-seven civic and environmental groups had filed suit in federal court to stop the highway project. They wanted the state to take the federal transportation funds designated for the project and use them for transit improvements instead. If Carey admitted that the transit system was underfunded and starved for capital, it would have played into the hands of the Westway opponents.48 Faced with resistance in Albany, Ravitch began a lobbying effort that no state official other than Robert Moses at the height of his powers could have undertaken. He started by pleading with the governor and his staff, explaining that without new sources of revenue he would have to dramatically raise the fare. Then he took his case directly to the public. Rather than minimizing the transit system’s problems, Ravitch made sure that reporters learned about all the delays and breakdowns occurring in MTA facilities. He visited editorial boards and told them, “If you don’t pay attention, the politicians won’t.” He talked to every reporter who called. Unlike his predecessors, he admitted that the MTA’s services, particularly during peak hours, were “deteriorating at an accelerated rate.” The newspapers, he said, were “my shield and my sword.
Philip Mark Plotch (Last Subway: The Long Wait for the Next Train in New York City)
Lucent, Not Transparent In mid-2000, Lucent Technologies Inc. was owned by more investors than any other U.S. stock. With a market capitalization of $192.9 billion, it was the 12th-most-valuable company in America. Was that giant valuation justified? Let’s look at some basics from Lucent’s financial report for the fiscal quarter ended June 30, 2000:1 FIGURE 17-1 Lucent Technologies Inc. All numbers in millions of dollars. * Other assets, which includes goodwill. Source: Lucent quarterly financial reports (Form 10-Q). A closer reading of Lucent’s report sets alarm bells jangling like an unanswered telephone switchboard: Lucent had just bought an optical equipment supplier, Chromatis Networks, for $4.8 billion—of which $4.2 billion was “goodwill” (or cost above book value). Chromatis had 150 employees, no customers, and zero revenues, so the term “goodwill” seems inadequate; perhaps “hope chest” is more accurate. If Chromatis’s embryonic products did not work out, Lucent would have to reverse the goodwill and charge it off against future earnings. A footnote discloses that Lucent had lent $1.5 billion to purchasers of its products. Lucent was also on the hook for $350 million in guarantees for money its customers had borrowed elsewhere. The total of these “customer financings” had doubled in a year—suggesting that purchasers were running out of cash to buy Lucent’s products. What if they ran out of cash to pay their debts? Finally, Lucent treated the cost of developing new software as a “capital asset.” Rather than an asset, wasn’t that a routine business expense that should come out of earnings? CONCLUSION: In August 2001, Lucent shut down the Chromatis division after its products reportedly attracted only two customers.2 In fiscal year 2001, Lucent lost $16.2 billion; in fiscal year 2002, it lost another $11.9 billion. Included in those losses were $3.5 billion in “provisions for bad debts and customer financings,” $4.1 billion in “impairment charges related to goodwill,” and $362 million in charges “related to capitalized software.” Lucent’s stock, at $51.062 on June 30, 2000, finished 2002 at $1.26—a loss of nearly $190 billion in market value in two-and-a-half years.
Benjamin Graham (The Intelligent Investor)
A business that is built on a living purpose may have strong foundations, but without a source of finance that is aligned with its values it is unlikely to survive and thrive.
Kate Raworth (Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist)
The World Bank, which had become the developing world’s single largest source of healthcare financing, considered free public health programs a thing of the past, and so required debtor countries to decentralize their health services and encourage privately run clinics and hospitals to sell health care to those consumers willing to pay.5 In Zaire, more than eighty thousand clinicians and teachers were fired under World Bank and IMF strictures in a single year. In Zambia, within just two years of such programs, infant mortality rose by 25 percent while life expectancy dropped from fifty-four to forty years.6
Sonia Shah (The Fever: How Malaria Has Ruled Humankind for 500,000 Years)
In general, advantages that rise from brand and quality on the price side, and scalability on the cost side, tend to have more staying power than those rising from more temporal sources of advantage, like innovation (which tends to be surpassed by newer innovations). Also, we have to add the factor of product life cycle into our thinking; although Cheerios isn't as exciting as some innovative, new technology, the likelihood of obsolescence for the culturally-engrained, branded cereal is low. After a new technology is obsolete or replaced, Cheerios will remain a stalwart brand.
Tim Koller (Value: The Four Cornerstones of Corporate Finance)
George Abramovich Koval … was an American who acted as a Soviet intelligence officer for the Soviet atomic bomb project. According to Russian sources, Koval's infiltration of the Manhattan Project as a GRU (Soviet military intelligence) agent "drastically reduced the amount of time it took for Russia to develop nuclear weapons." … Koval was born to Russian Jewish immigrants in Sioux City, Iowa. … George Koval attended Central High School, a red-brick Victorian building better known as "the Castle on the Hill". Neighbors recalled that Koval spoke openly of his Communist beliefs. … He graduated in 1929 at the age of 15. … Abram Koval became the secretary for ICOR, the Organization for Jewish Colonization in the Soviet Union. Founded by American Jewish Communists in 1924, the group helped to finance and publicize the development of the "Jewish Autonomous Region" – the Soviet answer to Jewish emigration to the British Mandate of Palestine then being undertaken by the Zionist movement.
Wikipedia: George Koval
Corruption does not have party colours. It is not the monopoly of any particular party or government,’ wrote Moro. ‘The seriousness of João Vaccari Neto’s conduct is even more marked, since the use of funds from a criminal source to finance political parties compromises the integrity of the political system and the proper functioning of democracy. The world of crime must not be allowed to contaminate the party political system,
Vladimir Netto (The Mechanism: A Crime Network So Deep it Brought Down a Nation)
Successful impact investors in social enterprise know how to structure their investment into a stack of capital from a range of funders. They often arrange loan guarantees from government programs, concessionary investment capital from government-sponsored development finance institutions, and grant money from foundations. They also help investees negotiate contracts from government, strategic investors, and other capital sources.
Antony Bugg-Levine (Impact Investing: Transforming How We Make Money While Making a Difference)
Be a source of motivation wherever you are as a believer
Sunday Adelaja
Time is the source of greatness
Sunday Adelaja
Time is the source of all things
Sunday Adelaja
Be a source of influence to others
Sunday Adelaja
He argued that conservatives should control the political debate at its source by demanding “balance” in textbooks, television shows, and news coverage. Donors, he argued, should demand a say in university hiring and curriculum and “press vigorously in all political arenas.” The key to victory, he predicted, was “careful long-range planning and implementation,” backed by a “scale of financing available only through joint effort.” Powell
Jane Mayer (Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right)
The problems facing America have become much more complex over time, and the political class lacks the capacity to deal with them. The problems are global, interconnected across many areas of politics and policy, and often highly technical. The climate change challenge, for example, involves agriculture (both as a source of greenhouse gas emissions and as a highly vulnerable sector), electricity generation and distribution, federal and private land use, transportation, urban design, nuclear power, disaster risk management, climate modeling, international financing, public health, and global negotiations. Could one imagine a problem less easily handled by a layman Congress operating on a two-year election cycle? The
Jeffrey D. Sachs (The Price Of Civilization: Reawakening American Virtue And Prosperity)
With the cost of development down by an order of magnitude or more, the throttle on developer creativity has been removed, setting the stage for a Cambrian explosion of projects. Four major disruptions drove this shift: open source, the cloud, the Internet, and seed-stage financing.
Stephen O’Grady (The New Kingmakers: How Developers Conquered the World)
There is a secret society of seven men that controls the finances of the world. This is known to everyone but the details are not known. There are some who believe that it would be better if one of those seven men were a financier. There is a secret society of three men and four women that controls all the fashions of the world. The details of this are known to all who are in the fashion. And I am not. There is a secret society of nineteen men that is behind all the fascist organizations in the world. The secret name of this society is Glomerule. There is a secret society of thirteen persons known as the Elders of Edom that controls all the secret sources of the world. That the sources have become muddy is of concern to them. There is a secret society of only four persons that manufactures all the jokes of the world. One of these persons is unfunny and he is responsible for all the unfunny jokes. There is a secret society of eleven persons that is behind all Bolshevik and atheist societies of the world. The devil himself is a member of this society, and he works tirelessly to become a principal member. The secret name of this society is Ocean.... Chesterton said that Mankind itself was a secret society. Whether it would be better or worse if the secret should ever come out he did not say.
R.A. Lafferty
management of externalities becomes a key leadership skill. Growth comes not from horizontal integration and vertical integration but from functional integration and network orchestration. The focus on processes such as finance and accounting shifts from cash flows and assets you can own to communities and assets you can influence. And while platform businesses themselves are often extraordinarily profitable, the chief locus of wealth creation is now outside rather than inside the organization. Network effects are creating the giants of the twenty-first century. Google and Facebook each touch more than one-seventh of the world’s population. In the world of network effects, ecosystems of users are the new source of competitive advantage and market dominance.
Geoffrey G. Parker (Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You: How Networked Markets Are Transforming the Economy―and How to Make Them Work for You)
Tobacco Lords’ success lay in their balance sheets: their ability to summon up capital from a wide variety of sources, while ruthlessly cutting costs. Investment money for ships, warehouses, and inventories (since Scottish firms, unlike their English rivals, bought the tobacco from planters outright instead of selling it abroad on commission) came from a wide variety of sources, including banks set up to finance the trade.
Arthur Herman (How the Scots Invented the Modern World: The True Story of How Western Europe's Poorest Nation Created Our World and Everything In It)
A well-configured board will comprise people with a broad range of skills and experiences, probably from disciplines and professions not directly related to the mission of the organization itself. I know what that is like because on two boards I have been the one and only CEO of a public company. I was able to bring a perspective about growth, finance, organization structure, and regulation that no other director offered. At Dunkin’, we invited Carl Sparks to join the board in 2013 because he had deep expertise in digital marketing, thanks to his work with Expedia and Travelocity. When he came onboard, we were in the midst of a big push toward the launch of our DD Perks mobile app rewards program. Carl’s participation proved invaluable. As we’ve seen, outsiders and fresh voices are one of the most reliable sources of status quo questioning.
Nigel Travis (The Challenge Culture: Why the Most Successful Organizations Run on Pushback)
In the context of smart contract platforms, an oracle is any data source for reporting information external to the blockchain. How can we create an oracle that can authoritatively speak about off-chain information in a trust-minimized way?
Campbell R. Harvey (DeFi and the Future of Finance)
The kings, who are the most set on destroying the feudal baronies, are also the best friends of the merchants, the bankers and the master manufacturers. A shipowner is not the chieftain of a gang of sailors whom he abstracts from Power's clutch, but rather an employer of labour who on the contrary, makes them available to power when the time comes for it to require them; In this way, it is explained the favour shown by Francis I, to take one instance towards, Ango. A banker is not after political power - he is after wealth. His function is to build a sort of store-house on which, when the when the time is ripe, Power will draw to transmute this wealth into strength. A mercantile aristocracy, then, so far from abstracting anything from the state's resources, makes potential additions to them which will, when circumstances so require, be realized. This is the only aspect under which, for many years, Power saw the money power. But in the end the overthrow of every other social domination of whatever kind left financial domination master of the field. At that stage it was seemed to be the formative source of fresh cells. That showed itself clearly enough in the case of the industrial employers. Not only was the employer the law in his factory, but quite often he would put up nearby a township for his workers in which he had the position of prince. A point was reached at some of the states of the USA, at which the manufacturer, owning as he did the land on which the factory had been built, allowed on it no other police than his own. In its jealousy of any and every command, however small, which was not its own, Power could not tolerate such independence. Moreover, as in every other battle which it had fought with aristocratic formations, it soon found itself appealed to by the underlings. Then it made its way not only into the employer's township but into his workshop as well; there it introduced its own law, its own police and its own factory regulations. If its earlier aggressions against closed aristocratic formations were not our old friends, we might be tempted to see in this one nothing more than a result of the popular character of the modern state, and of socialist ideas. These factors played, no doubt, their part, but no more was needed, than that Power should be itself - a thing naturally tending to shut out the intervention of all other authorities. The financial cell is less visible to the eye than the industrial cell. But its hold on money, and above all by its disposal of vast amounts of private savings, finance has been able to build up a vast structure and impose on the ever growing number of its subjects and authority which is ever plainer on the planer to the view on the empires of finance, also, power made war. The signal for battle was not given by a socialist state, the natural enemy of the barons of capital. It came from Theodore Roosevelt, himself a man of Power, and therefore the enemy of all private authorities. In this way, a new alliance was sealed - an alliance no less natural than that of the Power of early days with the prisoners of the clan-cells, than that of the monarchy with the subjects of the feudal barons - that of the modern state with the men exploited by capitalist industry, with the men dominated by the financial trusts. The state has often waged this particular war half-heartedly, thereby making the extent to which it has turned its back on itself and has renounced its role of Power. And renunciation was in this case favoured by the internal weakness of modern Power; the precariousness of its tenure encouraged its phantom tenants to betray it in favor of the financial aristocracies. But Power has natural charms for those who desire it for its use. It was a certain that anti-capitalists would come to occupy the public offices of the bourgeois state, as it was certain that anti-feudalists would come to occupy those of the monarchial state.
Bertrand De Jouvenel (ON POWER: The Natural History of Its Growth)
As a lawyer, no. There are no grounds to arrest you. As a friend, yes. Absolutely. They can do anything. Should I leave? How credible is your source? Very. I think. Then you should leave. When? Right away. Vadim went home, hastily packed a suitcase, and made his way to the airport for the 5:40 a.m. British Airways flight to London.
Bill Browder (Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice)
The plantation system allowed owners to amass “large concentrations of laborers under the control of a single owner produced goods— sugar, tobacco, rice and cotton— for the free market.” The African slave trade was a major part of the world economy, and “slave labor played an indispensable part in its rapid growth.” In the case of the United States, this was paradoxical, as the country was founded and supposedly dedicated to the proposition that all men are created equal. Thus, by the 1820s, slavery became a source of conflict. Northern businesses prospered from slavery, and “New York merchants, working with their representatives in Southern ports and smaller towns purchased and shipped most of the cotton crop.” Economic gain prompted the growth in slavery, and slaves were essential for profit. As such, “[the] first mass consumer goods in international trade were produced by slaves— sugar, rice, coffee, and tobacco. The profits from slavery stimulated the rise of British ports such as Liverpool and Bristol, and the growth of banking, shipbuilding, and insurance, and helped to finance the early industrial revolution. The centrality of slavery to the British empire encouraged an ever- closer identification of freedom with whites and slavery with blacks.
Steven Dundas
These conditions were all provided for by the Boomers’ elders, who worked and saved to ensure that the fiscal house was in reasonable order when it was passed down. Doing so required older generations to tax themselves at rates that no politician today, however far Left, would dare propose. When possible, it was pay as you go, so unlike more recent wars, the Korean War was substantially financed out of current tax receipts, as were many of the great infrastructure projects, whose costs were overwhelmingly borne by earlier generations even though later generations would reap so much of their benefit. In cases where no level of tax could balance the budget, as was the case with World War II, prior generations retired the debt as quickly as possible. Motivated by fiscal probity, Americans paid extraordinary taxes for two decades, with the highest marginal rate a downright confiscatory 94 percent in 1945 (against which today’s 39.6 percent, the source of so much present angst, seems modest).17 The result of these sacrifices was that, by the 1960s, World War II debt had been reduced to a manageable size. Taxes could therefore be lowered, though the top rate remained a hefty 70 percent.
Bruce Cannon Gibney (A Generation of Sociopaths: How the Baby Boomers Betrayed America)
Putin discovered that his sources of financing had dried up, even as St. Petersburg’s mafia bosses collected pots of money for Sobchak’s opponents.29 When the votes were counted, Sobchak lost the mayoralty, and Putin lost his job. The consequences were worse for Sobchak, who faced not only the end of his political career but
Chris Miller (Putinomics: Power and Money in Resurgent Russia)
freedom from finance. Freedom from male-dominated, misogynist corporate America. Freedom from how women ought to behave in the workplace. I stormed out of my office that day, sweat drenching my armpits and the power source between my legs. ‘Fuck you, and fuck the Greenwich office, too,
Sheila Yasmin Marikar (The Goddess Effect)
Up to now, gold bullion had represented 75 per cent of the EIC’s imports to Bengal, and was the source for much of the ‘prodigious ancient riches of the province’. But now the Company no longer had to ship anything from Britain in order to pay for the textiles, spices and saltpetre it wished to buy and export: Indian tax revenues were now being used to provide the finance for all such purchases. India would henceforth be treated as if it were a vast plantation to be milked and exploited, with all its profits shipped overseas to London
William Dalrymple (The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire)
Whether you get the cash you need—and whether it's to get started or to grow—from customers who pay early or from suppliers you can pay late, or from other unconventional or counter‐conventional sources, the sheer beauty of all of this kind of finance is what it costs you—nothing! You don't have to pay it back with interest, like a bank loan. You don't have to give up a stake in your business to a possibly rapacious or unhelpful investor.
John Mullins (Break the Rules!: The Six Counter-Conventional Mindsets of Entrepreneurs That Can Help Anyone Change the World)
Once they had exhausted every potential source of loans,
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
private equity is essentially an alternative source of capital that an individual or corporate can tap on for its financing needs.
Sherman SET (Unveiling The Secrets of Private Equity: By an insider)
In a Global Research article,179 Chossudovsky recalls past CIA covert operations such as those in Central America, Haiti, and Afghanistan. Illicit dope funded the so-called “Freedom Fighters” Langley sponsored in those areas. As an example, Chossudovsky noted that Iran-Contra rebels and the Afghan “muj” got their funds through “dirty money” being transformed into “covert money” by way of shell companies and the lending structure. Weapons and drugs and money flowed across the borders of Albania with Kosovo and Macedonia. For hefty commissions, “respectable” European banks, far removed from the fighting, dry-cleaned the dirty dollars. The drugs went one way, and the greenbacks another, helping pay the fighters and their trainers. Writing in Global Research,180 Prof. Chossudovsky added to our knowledge of the sources of support for the Bosnian Muslim Army and the KLA—opium-based drug money direct from the Golden Crescent (Afghanistan, Pakistan, and Iran). Mercenaries financed by Saudi Arabia and Kuwait had been fighting in Bosnia.181 And the Bosnian pattern was replicated in Kosovo: Mujahadeen [sic] mercenaries from various Islamic countries are reported to be fighting alongside the KLA [Kosovo Liberation Army] in Kosovo. German, Turkish and Afghan instructors were reported to be training the KLA in guerilla and diversion tactics.182 Worse, The trade in narcotics and weapons was allowed to prosper despite the presence since 1993 of a large contingent of American troops at the Albanian-Macedonian border with a mandate to enforce the embargo. The West had turned a blind eye. The revenues from oil and narcotics were used to finance the purchase of arms (often in terms of direct barter): “Deliveries of oil to Macedonia (skirting the Greek embargo [in 1993–94] can be used to cover heroin, as do deliveries of kalachnikov [sic] rifles to Albanian ‘brothers’ in Kosovo.
J. Springmann (Visas for Al Qaeda: CIA Handouts That Rocked the World: An Insider's View)
It was a self-indulgence on a magnificent scale, and a source of great anxiety and at times weakness to his firm, which could well have used the money as capital in the business if he had not spent it so lavishly.
Ron Chernow (The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance)
Decoupling the housing market from speculation and setting up a separate financing model would be needed. The current out-of-date corporate model needs attention.
Gordon Roddick
In the context of smart contract platforms, an oracle is any data source for reporting information external to the blockchain. How can we create an oracle that can authoritatively speak about off-chain information in a trust-minimized way? Many applications require an oracle, and the implementations exhibit varying degrees of centralization.
Campbell R. Harvey (DeFi and the Future of Finance)
One American political figure saw Russia for the growing menace that it was and was willing to call Putin out for his transgressions. During President Obama’s reelection campaign, Mitt Romney warned of a growing Russian strategic threat, highlighting their role as “our number one geopolitical foe.”[208] The response from President Obama, Secretary Clinton, and other Democrats was not to echo his sentiment, but actually to ridicule Romney and support the Russian government. President Obama hurled insults, saying Romney was “stuck in a Cold War mind warp” [209] and in a nationally televised debate mocked the former governor, saying “the 1980s are now calling to ask for their foreign policy back…” [210] When asked to respond to Romney’s comment, Secretary Clinton refused to rebuke the over-the-top and false Obama campaign attacks. Instead, she delivered a message that echoed campaign talking points arguing that skepticism of Russia was outdated: “I think it’s somewhat dated to be looking backwards,” she said, adding, “In many of the areas where we are working to solve problems, Russia has been an ally.”[211] A month after Secretary Clinton’s statement on Romney, Putin rejected Obama’s calls for a landmark summit.[212] He didn’t seem to share the secretary’s view that the two countries were working together. It was ironic that while Obama and Clinton were saying Romney was in a “Cold War mind warp,”[213] the Russian leader was waging a virulent, anti-America “election campaign” (that’s if you can call what they did in Russia an “election”). In fact, if anyone was in a Cold War mind warp, it was Putin, and his behavior demonstrated just how right Romney was about Russia’s intentions. “Putin has helped stoke anti-Americanism as part of his campaign emphasizing a strong Russia,” Reuters reported. “He has warned the West not to interfere in Syria or Iran, and accused the United States of ‘political engineering’ around the world.”[214] And his invective was aimed not just at the United States. He singled out Secretary Clinton for verbal assault. Putin unleashed the assault Nov. 27 [2011] in a nationally televised address as he accepted the presidential nomination, suggesting that the independent election monitor Golos, which gets financing from the United States and Europe, was a U.S. vehicle for influencing the elections here. Since then, Golos has been turned out of its Moscow office and its Samara branch has come under tax investigation. Duma deputies are considering banning all foreign grants to Russian organizations. Then Putin accused U.S. Secretary of State Hillary Rodham Clinton of sending a signal to demonstrators to begin protesting the fairness of the Dec. 4 parliamentary elections.[215] [Emphasis added.] Despite all the evidence that the Russians had no interest in working with the U.S., President Obama and Secretary Clinton seemed to believe that we were just a Putin and Obama election victory away from making progress. In March 2012, President Obama was caught on a live microphone making a private pledge of flexibility on missile defense “after my election” to Dmitry Medvedev.[216] The episode lent credence to the notion that while the administration’s public unilateral concessions were bad enough, it might have been giving away even more in private. So it shouldn’t have been a surprise that Putin didn’t abandon his anti-American attitudes after he won the presidential “election.” In the last few weeks of Clinton’s tenure as Secretary of State, Putin signed a law banning American adoption of Russian children,[217] in a move that could be seen as nothing less than a slap in the face to the United States. Russia had been one of the leading sources of children for U.S. adoptions.[218] This disservice to Russian orphans in need of a home was the final offensive act in a long trail of human rights abuses for which Secretary Clinton failed to hold Russia accountable.
Stephen Thompson (Failed Choices: A Critique Of The Hillary Clinton State Department)
When evaluating a new client for degree of independence, I consider four factors: 1. Emotional issues: Does the person have good resources within himself or herself for coping independently with emotional issues that come up, or does he or she turn to parents not only for advice, but for cues as to how to react to the event in question? 2. Financial issues: Does the adult child earn an adequate living on his or her own, or does he or she rely heavily on parental input for things such as job contacts, supplemental funds, or housing? 3. Practical issues/interactive situations: Can the person manage day-to-day living, finances, nutrition, exercise, and housekeeping? 4. Career/Education issues: Does the person have a rewarding job or career that is commensurate with his or her abilities and offers the potential for further success? Is the person willing to learn new things to increase his or her productivity or compensation? These are the basic skills of living, many of which are addressed in the social ability questionnaire. Just as there are levels of social functioning, so too there are levels of independent functioning. All three of the following levels describe an adult with some degree of dependency problems. A healthy adult is someone who is independent financially, is able to manage practical and interactive issues, and who stays in touch with family but does not rely almost solely on family for emotional support. Level 1—Low Functioning Emotional issues: Lives at home with parent(s) or away from home in a fully structured or supervised environment. Financial issues: Contributes virtually nothing financially to the running of the household. Practical issues: Chooses clothes to wear that day, but does not manage own wardrobe (i.e., laundry, shopping, etc.). Relies on family members to buy food and prepare meals. Does few household chores, if any. May try a few tasks when asked, but seldom follows through until the job is finished. Career/education issues: Is not table to keep a job, and therefore does not earn an independent living. Extremely resistant to learning new skills or changing responsibilities. Level 2: Moderately functioning Emotional issues: Lives either at home or nearby and calls home every day. Relies on parents to discuss all details of daily life, from what happened at work or school that day to what to wear the next day. Will call home for advice rather than trying to figure something out for him- or herself. Financial issues: May rely on parents for supplemental income—parents may supply car, apartment, etc. May be employed by parents at an inflated salary for a job with very few responsibilities. May be irresponsible about paying bills. Practical issues: Is able to make daily decisions about clothing, but may rely on parents when shopping for clothing and other items. Neglects household responsibilities such as laundry, cleaning and meal planning. Career/education issues: Has a job, but is unable to cope with much on-the-job stress; job is therefore only minimally challenging, or a major source of anxiety—discussed in detail with Mom and Dad. Level 3: Functioning Emotional issues: Lives away from home. Calls home a few times a week, relies on family for emotional support and most socializing. Few friends. Practical issues: Handles all aspects of daily household management independently. Financial issues: Is financially independent, pays bills on time. Career/education issues: Has achieved some moderate success at work. Is willing to seek new information, even to take an occasional class to improve skills.
Jonathan Berent (Beyond Shyness: How to Conquer Social Anxieties)
All money comes from the worth of time
Sunday Adelaja
Life is a product of time
Sunday Adelaja
Time is the material from which life is made
Sunday Adelaja
When you are willing to be everything that you are, you become an infinitely creative source for everything in your life - including money.
Simone Milasas (Getting Out of Debt Joyfully)
American consumers and investors could acquire foreign goods and companies without their government having to worry that the dollars used in their purchases would be presented for conversion into gold. Instead those dollars were hoarded by central banks, for which they were the only significant source of additional international reserves. America was able to run a balance-of-payments deficit “without tears,” in the words of the French economist Jacques Rueff. This ability to purchase foreign goods and companies using resources conjured out of thin air was the exorbitant privilege of which French Finance Minister Valéry Giscard d’Estaing so vociferously complained.
Barry Eichengreen (Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System)
Let me ask you: When you spend money, do you write your name on it before you do? When you're paid money, do you write your name on it? No, you don't. You wouldn't do that, because you are going to use it for something, and if you're going to use it for something, it would be a bit weird if you tried to label it. After all what is the plumber going to do with a bunch of bills with your monogram emblazoned on them? We are not the owners of money, but we are the facilitators of money. We are all responsible for creating whatever amount of money we are currently creating. We are all responsible for circulating money in whatever way we are currently circulating it. And this flow of money is different for everyone. This is freeing for me. How about you? The thought, belief, and knowing that money is not mine or yours to attach to and own. It's entrusted to me on a loan from Source. I have it to play with and to create the life that brings me the most joy, the most health, the most freedom and choice. I have it for my time here on Earth and can use it as a valuable member of my team to create the change I wish to see while I'm here.
Peta Kelly (Earth is Hiring: The New way to live, lead, earn and give for millennials and anyone who gives a sh*t)
the tax constituted the second largest source of federal revenues and was indispensable to Hamilton. If deprived of that crucial tax, he would have to raise tariffs, which would encourage more smuggling and tax evasion and spur commercial retaliation abroad. The government also needed money to finance military expeditions against the Indians—expeditions that were especially popular in the affected frontier communities, such as those of western Pennsylvania.
Ron Chernow (Alexander Hamilton)
Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). From:The Role of Factoring for Financing Small and Medium Enterprises
Leora Klapper
The UPA government, instead of implementing the Supreme Court order—which would have been the defining indicator of its bona fides in retrieving the black money looted from the people of India— instead demanded a recall of the order. This establishes its complete mala fide, connivance and conspiracy, and confirms that it has no intention of taking any substantive steps to recover the black money stashed away abroad, or take any serious action to combat this grievous economic crime impoverishing our nation—the 21st century version of UPA imperialism. The nation should be informed that no investigation has taken place regarding the issues before it since the Supreme Court judgement, but the finance minister chose to conceal these extremely pertinent facts in his Paper. The White Paper coyly discussed the dimensions of black money stashed away abroad by quoting statistics that are more than a decade old, saying that these are being researched upon by three agencies whose report is expected in September 2012. From this it would appear that the government had no knowledge of the quantum of black money lying abroad. One wonders why the government presented the paper at this stage. Interestingly, the Paper officially disclosed a figure regarding Indian accounts held with Swiss banks, at around only US $213 billion (as against $88 billion projected by the International Monetary Fund, and $213.2 billion by GFI), down 60% between 2006 and 2010. A reasonable conclusion that can be drawn is that black money holders, in anticipation of international and national public pressure (not governmental) transferred their money to other safe havens, the safest, it is said, being India. The last two years have seen several enabling statutes and mechanisms to stealthily repatriate the ill-gotten wealth back to India. I am also given to understand that there is evidence of a huge disparity between export figures, particularly of metals quoted by the government, and actual exports through data available from independent sources. The same applies to figures regarding FIIs. The game is clear. Use every government tool and instrument available to repatriate the money to India, without disclosure, culpability or punishment. There must be ways, and ways that we can never fathom or document, but the black money holders control legislation, either through being important politicians, or big businesses, who can buy safe passage, necessary loopholes and escape routes through statute or legislation. The finance minister through his negligence and active cooperation with the criminals allowed the stolen money to be removed from the accounts in which it was held and only a small fraction now remains, which too he is determined to place beyond the reach of the people of India who are its legitimate owners.
Ram Jethmalani (RAM JETHMALANI MAVERICK UNCHANGED, UNREPENTANT)
TWO FORMS OF IMAGINATION The imaginative faculty functions in two forms. One is known as "synthetic imagination," and the other as "creative imagination." SYNTHETIC IMAGINATION: Through this faculty, one may arrange old concepts, ideas, or plans into new combinations. This faculty creates nothing. It merely works with the material of experience, education, and observation with which it is fed. It is the faculty used most by the inventor, with the exception of the who draws upon the creative imagination, when he cannot solve his problem through synthetic imagination. CREATIVE IMAGINATION:-Through the faculty of creative imagination, the finite mind of man has direct communication with Infinite Intelligence. It is the faculty through which "hunches" and "inspirations" are received. It is by this faculty that all basic, or new ideas are handed over to man. It is through this faculty that thought vibrations from the minds of others are received. It is through this faculty that one individual may "tune in," or communicate with the subconscious minds of other men. The creative imagination works automatically, in the manner described in subsequent pages. This faculty functions ONLY when the conscious mind is vibrating at an exceedingly rapid rate, as for example, when the conscious mind is stimulated through the emotion of a strong desire. The creative faculty becomes more alert, more receptive to vibrations from the sources mentioned, in proportion to its development through USE. This statement is significant! Ponder over it before passing on. Keep in mind as you follow these principles, that the entire story of how one may convert DESIRE into money cannot be told in one statement. The story will be complete, only when one has MASTERED, ASSIMILATED, and BEGUN TO MAKE USE of all the principles. The great leaders of business, industry, finance, and the great artists, musicians, poets, and writers became great, because they developed the faculty of creative imagination. Both the synthetic and creative faculties of imagination become more alert with use, just as any muscle or organ of the body develops through use. Desire is only a thought, an impulse. It is nebulous and ephemeral. It is abstract, and of no value, until it has been transformed into its physical counterpart. While the synthetic imagination is the one which will be used most frequently, in the process of transforming the impulse of DESIRE into money, you must keep in mind the fact, that you may face circumstances and situations which demand use of the creative imagination as well.
Napoleon Hill (Think and Grow Rich [Illustrated & Annotated])
The initial result of this dynamic, quite clearly, is a rapid development of the traits of concentration within American imperialism. The simultaneously political and economic control over other countries exercised by U. S. finance capital; the increasing role of the American State in the establishment of this control; the direct stranglehold over German, Japanese, and Italian capital; the acceleration of vertical and horizontal concentration imposed by the need to control and regulate more and more completely its sources of raw materials and its domestic as well as foreign markets; the expansion of its military apparatus, the likelihood of "total" war, and a war economy; the need for increased exploitation of the working class imposed by the falling rate of profit — all these factors drive the American economy beyond capitalism "run by the monopolies" (just as these monopolies went beyond the stage of competitive capitalism) in order to arrive at the stage of a universal monopoly that is identical with the State. A new crisis of overproduction -more acute even than the present crisis- but, above all, war, will signal an extraordinary acceleration of this process.
Cornelius Castoriadis (Political and Social Writings: Volume 1, 1946-1955)
The establishment was almost empty on the humid afternoon of July 26 when Tom Hamburger, a reporter for The Washington Post, settled into a quiet corner. One of the more seasoned members of a distinct Washington breed, investigative reporters who specialize in digging through thick stacks of campaign finance reports and finding sources privy to backstage maneuvers, Hamburger had worked at the Los Angeles Times and The Wall Street Journal, where he toiled alongside Glenn Simpson before the latter’s departure from the news business to found Fusion GPS.
Greg Miller (The Apprentice)
Finance's starting point in valuation is that previous accomplishments and what you have today bear little relationship to real value. Finance is completely and ruthlessly forward-looking. The only source of value today is the future.
Mihir Desai (The Wisdom Of Finance: Discovering Humanity in the World of Risk and Return)
Competition also was coming from a new trend in industry to finance future growth out of profits rather than from borrowed capital. This was the outgrowth of free-market interest rates which set a realistic balance between debt and thrift. Rates were low enough to attract serious borrowers who were confident of the success of their business ventures and of their ability to repay, but they were high enough to discourage loans for frivolous ventures or those for which there were alternative sources of funding—for example, one's own capital. That balance between debt and thrift was the result of a limited money supply. Banks could create loans in excess of their actual deposits, as we shall see, but there was a limit to that process. And that limit was ultimately determined by the supply of gold they held. Consequently, between 1900 and 1910, seventy per cent of the funding for American corporate growth was generated internally, making industry increasingly independent of the banks.12 Even the federal government was becoming thrifty. It had a growing stockpile of gold, was systematically redeeming the Greenbacks—which had been issued during the Civil War—and was rapidly reducing the national debt. Here was another trend that had to be halted. What the bankers wanted—and what many businessmen wanted also—was to intervene in the free market and tip the balance of interest rates downward, to favor debt over thrift. To accomplish this, the money supply simply had to be disconnected from gold and made more plentiful or, as they described it, more elastic.
G. Edward Griffin (The Creature from Jekyll Island: A Second Look at the Federal Reserve)
Humanity has always been controlled by two sides and never did its accomplishments been ignored but overseen and manipulated by those in power. The truth, however, is never accepted by those who keep on paying the price for the untruth they embrace. In doing so, they keep the most important truths hidden from themselves, for their level of consciousness cannot go beyond their ego — the belief that they have not been massively fooled. These high truths can only bypass the filter of the ego and mass media control when found in a book. And yet, you may never finish such book, or find it, if you cannot handle the truths found within it and reflecting within yourself. Among such truths, is the fact that what you believe to be a postmodern world, did not liberate anyone, but rather imprisoned mankind furthermore within the mind — the only physical center, for now, where control can be operated from an external source: The real purpose of the feminist movement was to force women to give away their children earlier to the state, as the earlier they are indoctrinated, the more easily controlled they'll be as adults; the real purpose of the LGBT movement and the women's liberation movement is to increase the levels of depression in society; and these, among other tactics, massively increase the profit of those in control, for they are the same behind the financing of Universities researching humanity at a psychological, biological, and chemical level.
Robin Sacredfire
In 2021, 73 percent of Americans ranked financial issues as their number one cause of stress—above politics, work, or family—and these numbers are highest in Generation Z and Millennials, with over 80 percent of people born after 1980 reporting that they find their finances to be a source of stress.
Madeline Pendleton (I Survived Capitalism and All I Got Was This Lousy T-Shirt: Everything I Wish I Never Had to Learn About Money)
Chapter 51 In Atlanta, the day had gone mostly as Elliott had expected. The stock market crash had rattled everyone. It was a cloud that hung over the euphoria of Black Friday. The most difficult part of his plan had been convincing the other five families to pool their money with his for the purchases, which together added up to hundreds of thousands of dollars. They had begun by renting two twenty-six-foot U-Haul trucks. They drove them to Costco and filled them with survival necessities. It was mostly food; Elliott planned to be near a freshwater source if worst came to worst. Next, they purchased two high-end RVs. The price was exorbitant, but they carried a thirty-day money-back guarantee, and they only had to make a down payment—the remainder was financed. Elliott had assured his neighbors that within thirty days, they would either be incredibly glad to have the two homes on wheels—or they’d have their money back. Now he sat in his study, watching the news, waiting for the event he believed would come. He hoped he was wrong. DAY 7 900,000,000 Infected 180,000 Dead
A.G. Riddle (Pandemic (The Extinction Files, #1))
As an accomplished entrepreneur with a history that spans more than fourteen years, Annette Wise is constantly looking for ways to give back to her community. Using enterprising efforts, she qualified for $125,000 in startup funding to develop a specialized residential facility that allows developmentally disabled adults to live in the community after almost a lifetime of living in a state institution. In doing so, she has provided steady employment in her community for the last thirteen years. After dedicating years to her residential facility, Annette began to see clearly the difficulty business owners face in planning for retirement successfully. Searching high and low to find answers, she took control of financial uncertainty and in less than 2 years, she became a Full Life Agent, licensed Registered Representative, Investment Advisor Representative and Limited Principal. Her focus is on building an extensive list of clients that depend on her for smart retirement guidance, thorough college planning, detailed business continuation, and business exit strategies. Clients have come to rely on Annette for insight on tax advantaged savings and retirement options. Annette’s primary goal is to help her clients understand more than just concepts, but to easily understand how money works, the consequences of their decisions and how they work in conjunction with their desires and goal. Ever the curious soul who is always up for a challenge, Annette is routinely resourceful at finding sensible means to a sometimes-challenging end. She believes in infinite possibilities as well as in sharing her knowledge with others. She is the go-to source for “Smart Wealth Solutions.” Among Annette’s proudest accomplishments are her two wonderful sons, Michael III and Matthew. As a single mom, they have been her inspiration and joy. She is forever grateful to the greatest brothers in the world- Andrew and Anthony Wise, for assistance in grooming them into amazing young men.
Annette Wise