Ticket Price Quotes

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The great force of history comes from the fact that we carry it within us, are unconsciously controlled by it in many ways, and history is literally present in all that we do.
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
Freaks are called freaks and are treated as they are treated – in the main, abominably – because they are human beings who cause to echo, deep within us, our most profound terrors and desires.
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
After all, your chances of winning a lottery and of affecting an election are pretty similar. From a financial perspective, playing the lottery is a bad investment. But it's fun and relatively cheap: for the price of a ticket, you buy the right to fantasize how you'd spend the winnings - much as you get to fantasize that your vote will have some impact on policy.
Steven D. Levitt (Freakonomics: A Rogue Economist Explores the Hidden Side of Everything)
Is there in the whole world a being who would have the right to forgive and could forgive? I don't want harmony. From love for humanity I don't want it. I would rather be left with the unavenged suffering. I would rather remain with my unavenged suffering and unsatisfied indignation, even if I were wrong. Besides, too high a price is asked for harmony; it's beyond our means to pay so much to enter on it. And so I hasten to give back my entrance ticket, and if I am an honest man I am bound to give it back as soon as possible. And that I am doing. It's not God that I don't accept, Alyosha, only I most respectfully return him the ticket.
Fyodor Dostoevsky (The Brothers Karamazov)
Our art is made in cities like New York by people who are running from other places. They feel themselves as misfits who were trapped in dead-end suburbs. They hated high school. Their parents did not understand. They are seeking a better world. And when they realize that the world is wholly a problem, that the whole problem is in them, they make television for other people who are also running, who take voyage in search of a perfect world, then rage at the price of the ticket.
Ta-Nehisi Coates
Identity would seem to be the garment with which one covers the nakedness of the self: in which case, it is best that the garment be loose, a little like the robes of the desert, through which one's nakedness can always be felt, and, sometimes, discerned. This trust in one's nakedness is all that gives one the power to change one's robes.
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
Now, one hears from a long time ago that "white is merely a state of mind." I add to that, white is a moral choice. It's up to you to be as white as you want to be and pay the price of that ticket. You cannot tell a black man by the color of skin, either. But this is a democracy.
James Baldwin (The Cross of Redemption: Uncollected Writings)
There are few things more dreadful than dealing with a man who know that he is going under in his own eyes, and in the eyes of others. Nothing can help that man.
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
It goes without saying, I believe, that if we understood ourselves better, we would damage ourselves less.
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
The pain of losing people you love is the price of the ticket for getting to know them at all.
Jill McCorkle (Life After Life)
The states of birth, suffering, love, and death, are extreme states: extreme, universal, and inescapable. We all know this, but we would rather not know it. The artist is present to correct the delusions to which we are all prey in our attempts to avoid this knowledge." - James Baldwin, "The Creative Process
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
Not a thousand years ago, it was illegal to teach a slave to read. Not a thousand years ago, the Supreme Court decided that separate could not be equal. And today, as we sit here, no one is learning anything in this country. You see a nation which is the leader of the rest of the world, that had to pay the price of that ticket, and the price of that ticket is we're sitting in the most illiterate nation in the world. THE MOST ILLITERATE NATION IN THE WORLD. A monument to illiteracy. And if you doubt me, all you have to do is spend a day in Washington. I am serious as a heart attack.
James Baldwin (The Cross of Redemption: Uncollected Writings)
...no matter how beneficial a disappearing act might be for me, I could never tear myself away from a show in progress. Even when the plot's tragic ending is apparent to the entire audience. Perhaps there's a deus ex machina that will lower from the ceiling and turn the whole debacle into a romantic comedy. never can tell. Paid the full ticket price, might as well stay.
Josh Kilmer-Purcell (I Am Not Myself These Days)
The Gospel of grace must not be turned into a bait-and-switch offer. It is not one of those airline supersavers in which you read of a $59.00 fare to Orlando only to find, when you try to buy a ticket, that the six seats per flight at that price are all taken and that the trip will now cost you $199.95. Jesus must not be read as having baited us with grace only to clobber us in the end with law. For as the death and resurrection of Jesus were accomplished once and for all, so the grace that reigns by those mysteries reigns eternally - even in the thick of judgment.
Robert Farrar Capon (Kingdom, Grace, Judgment: Paradox, Outrage, and Vindication in the Parables of Jesus)
Now I’m gaping at him, because is he for real? “Hey, asshole, you’re filthy rich. If anyone should be paying full price for movie tickets, it’s you.” “I was being nice, asshole. Waiting for the cheap day so you’d be able to afford it.” Then he flashes his trademark grin, the one that makes chicks drop their panties and dive onto his dick. “Don’t give me your sex grin. It’s creeping me out.” His mouth stays frozen in the sex-grin position. “I’ll stop smiling like this if you agree to be my date tonight.” “You’re the most annoying pers—” The grin widens, and he even throws a little wink in there. Ten minutes later, we’re out the door.
Elle Kennedy (The Mistake (Off-Campus, #2))
Besides, they have put too high a price on harmony; we can’t afford to pay so much for admission. And therefore I hasten to return my ticket. And it is my duty, if only as an honest man, to return it as far ahead of time as possible. Which is what I am doing. It’s not that I don’t accept God, Alyosha, I just most respectfully return him the ticket.
Fyodor Dostoevsky (The Brothers Karamazov)
The morgue is the Mullah's mint: Why hang on to life in this world when our guardians are discounting the price of life and selling martyr's tickets to paradise?
Amir Khalil
Words should be the pledges of work, and, like pawn-tickets, have their market price.
Baltasar Gracián (The Art of Worldly Wisdom (Illustrated))
It is certain, in any case, that ignorance, allied with power, is the most ferocious enemy justice can have. --The Price of the Ticket, “No Name in the Street” (1972; repr. 1985)     The
James Baldwin (Memorable Quotations: James Baldwin)
While there is still time, I hasten to protect myself, and so I renounce the higher harmony altogether. It's not worth the tears of that one tortured child who beat itself on the breast with its little fist and prayed in its stinking outhouse, with its unexpiated tears to 'dear, kind God'! It's not worth it, because those tears are unatoned for. They must be atoned for, or there can be no harmony... I don't want harmony. From love for humanity I don't want it. I would rather be left with the unavenged suffering. I would rather remain with my unavenged suffering and unsatisfied indignation, even if I were wrong. Besides, too high a price is asked for harmony; it's beyond our means to pay so much to enter on it. And so I hasten to give back my entrance ticket, and if I am an honest man I am bound to give it back as soon as possible. And that I am doing. It's not God that I don't accept, Alyosha, only I most respectfully return him the ticket.
Fyodor Dostoevsky
Those who live by the labor of others are taught by religion to practice charity while on earth, thus offering them a very cheap way of justifying their entire existence as exploiters and selling them at a moderate price tickets to well-being in heaven. Religion is opium for the people. Religion is a sort of spiritual booze, in which the slaves of capital drown their human image, their demand for a life more or less worthy of man.
Vladimir Lenin (Socialism and religion)
The price of a bus ticket, of a train ticket. She could be, could be, could be- Alive.
Stephen King (Carrie)
Pricing is branding.
Richie Norton
Anxiety is the price of the ticket to life: intrapsychic depression is the by-product of the refusal to climb aboard.
James Hollis
No, the Arctic does not yield its secret for the price of a ship's ticket. You must live through the long night, the storms, and the destruction of human pride. You must have gazed on the deadness of all things to grasps their livingness. In the return of light, in the magic of the ice, in the life-rhythm of the animals observed in the wilderness, in the natural laws of all being, revealed here in their completeness, lies the secret of the Arctic and the overpowering beauty of its lands.
Christiane Ritter (A Woman in the Polar Night)
The American idea of sexuality appears to be rooted in the American idea of masculinity. Idea may not be the precise word, for the idea of one’s sexuality can only with great violence be divorced or distanced from the idea of the self. Yet something resembling this rupture has certainly occurred (and is occurring) in American life, and violence has been the American daily bread since we have heard of America. This violence, furthermore, is not merely literal and actual but appears to be admired and lusted after, and the key to the American imagination. All countries or groups make of their trials a legend or, as in the case of Europe, a dubious romance called ‘history.’ But no other country has ever made so successful and glamorous a romance out of genocide and slavery; therefore, perhaps, the word I am searching for is not idea, but ideal. The American IDEAL, then, of sexuality appears to be rooted in the American IDEAL of masculinity. This ideal has created cowboys and Indians, good guys and bad guys, punks and studs, tough guys and softies, butch and f****t, black and white. It is an ideal so paralytically infantile that is is virtually forbidden—as an unpatriotic act—that the American boy evolve into the complexity of manhood.
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
Falling consumer prices is what enriches people (deflation of asset prices can ruin them, but that is because they are using asset prices to get them the wherewithal to purchase consumer items). And, once again, notice that the true metric of prosperity is time. If Cornelius Vanderbilt or Henry Ford not only moves you faster to where you want to go, but requires you to work fewer hours to earn the ticket price, then he has enriched you by granting you a dollop of free time.
Matt Ridley (The Rational Optimist)
I can get you a cheaper ticket if you let me amputate your legs: I can even take your thighs as a deposit,” said the travel agent. He was clearly trying hard to be helpful: “It’s not as if you’ll need them where you’re going, is it?” “Is it possible to find a better price by booking me on a different routing?” I asked. “I’m very attached to my limbs.” (Quaint and old-fashioned, that’s me.)
Charles Stross (Neptune's Brood (Freyaverse, #2))
If you want to save money while traveling, always delete your browser cookies or use incognito mode before you book airline tickets online. The reason is, ticket prices go up when you visit travel websites multiple times because of collected browsing history data.
Olawale Daniel
....I don't want harmony. From love for humanity I don't want it. I would rather be left with the unavenged suffering. I would rather remain with my unavenged suffering and unsatisfied indignation, even if I were wrong. Besides, too high a price is asked for harmony; it's beyond our means to pay so much to enter on it. And so I hasten to give back my entrance ticket, and if I am an honest man I am bound to give it back as soon as possible. And that I am doing. It's not God that I don't accept, Alyosha, only I most respectfully return him the ticket." -Ivan Karamazov
Fyodor Dostoevsky
In 2018, the average US weekend window lift ticket price was $122.30. That’s thirty times greater than the $4.18 it was in 1965. Over the same half century, US disposable family income grew slightly less than threefold. That means the lift ticket price grew ten times faster than people’s ability to afford them.
Heather Hansman (Powder Days: Ski Bums, Ski Towns and the Future of Chasing Snow)
One can even buy a so-called Religion, which is really but common morality sanctified with flowers and music. Rob the Church of her accessories and what remains behind? Yet the trusts thrive marvelously, for the prices are absurdly cheap, --a prayer for a ticket to heaven, a diploma for an honourable citizenship.
Kakuzō Okakura (The Book of Tea)
Behold the complacent salesman retailing the Good and True. One can even buy a so-called Religion, which is really but common morality sanctified with flowers and music. Rob the Church of her accessories and what remains behind? Yet the trusts thrive marvelously, for the prices are absurdly cheap,--a prayer for a ticket to heaven, a diploma for an honorable citizenship.Hide yourself under a bushel quickly, for if your real usefulness were known to the world you would soon be knocked down to the highest bidder by the public auctioneer.
Kakuzō Okakura (The Book of Tea)
the price of harmony has been set too high, we can’t afford the entrance fee. And that’s why I hasten to return my entry ticket.
Fyodor Dostoevsky (The Karamazov Brothers)
it gets a little tiresome when you’re so high you go to the movies and look up at the marquee and think the starting times are the ticket prices. I mean, I remember standing there going, ‘Ten-fifteen? What kind of price is ten dollars and fifteen cents?’ It’s a hassle.” “Yeah, one time I was putting gas in my car and thought the number of gallons was the price. I even got into an argument with the cashier. It was hilarious.
Tim Tharp (The Spectacular Now)
It is very nearly impossible . . . to become an educated person in a country so distrustful of the independent mind. --“They Can’t Turn Back,” in Mademoiselle (New York, Aug. 1960; repr. in The Price of the Ticket, 1985)     The
James Baldwin (Memorable Quotations: James Baldwin)
Education, in order to keep up the mighty delusion, encourages a species of ignorance. People are not taught to be really virtuous, but to behave properly. We are wicked because we are frightfully self-conscious. We nurse a conscience because we are afraid to tell the truth to others; we take refuge in pride because we are afraid to tell the truth to ourselves. How can one be serious with the world when the world itself is so ridiculous! The spirit of barter is everywhere. Honour and Chastity! Behold the complacent salesman retailing the Good and True. One can even buy a so-called Religion, which is really but common morality sanctified with flowers and music. Rob the Church of her accessories and what remains behind? Yet the trusts thrive marvelously, for the prices are absurdly cheap, --a prayer for a ticket to heaven, a diploma for an honourable citizenship. Hide yourself under a bushel quickly, for if your real usefulness were known to the world you would soon be knocked down to the highest bidder by the public auctioneer. Why do men and women like to advertise themselves so much? Is it not but an instinct derived from the days of slavery?
Kakuzō Okakura (The Book of Tea)
I’m not sure how the ponies happened, though I have an inkling: “Can I get you anything?” I’ll say, getting up from a dinner table, “Coffee, tea, a pony?” People rarely laugh at this, especially if they’ve heard it before. “This party’s ‘sposed to be fun,” a friend will say. “Really? Will there be pony rides?” It’s a nervous tic and a cheap joke, cheapened further by the frequency with which I use it. For that same reason, it’s hard to weed it out of my speech – most of the time I don’t even realize I’m saying it. There are little elements in a person’s life, minor fibers that become unintentionally tangled with your personality. Sometimes it’s a patent phrase, sometimes it’s a perfume, sometimes it’s a wristwatch. For me, it is the constant referencing of ponies. I don’t even like ponies. If I made one of my throwaway equine requests and someone produced an actual pony, Juan-Valdez-style, I would run very fast in the other direction. During a few summers at camp, I rode a chronically dehydrated pony named Brandy who would jolt down without notice to lick the grass outside the corral and I would careen forward, my helmet tipping to cover my eyes. I do, however, like ponies on the abstract. Who doesn’t? It’s like those movies with the animated insects. Sure, the baby cockroach seems cute with CGI eyelashes, but how would you feel about fifty of her real-life counterparts living in your oven? And that’s precisely the manner in which the ponies clomped their way into my regular speech: abstractly. “I have something for you,” a guy will say on our first date. “Is it a pony?” No. It’s usually a movie ticket or his cell phone number. But on our second date, if I ask again, I’m pretty sure I’m getting a pony. And thus the Pony drawer came to be. It’s uncomfortable to admit, but almost every guy I have ever dated has unwittingly made a contribution to the stable. The retro pony from the ‘50s was from the most thoughtful guy I have ever known. The one with the glitter horseshoes was from a boy who would later turn out to be straight somehow, not gay. The one with the rainbow haunches was from a librarian, whom I broke up with because I felt the chemistry just wasn’t right, and the one with the price tag stuck on the back was given to me by a narcissist who was so impressed with his gift he forgot to remover the sticker. Each one of them marks the beginning of a new relationship. I don’t mean to hint. It’s not a hint, actually, it’s a flat out demand: I. Want. A. Pony. I think what happens is that young relationships are eager to build up a romantic repertoire of private jokes, especially in the city where there’s not always a great “how we met” story behind every great love affair. People meet at bars, through mutual friends, on dating sites, or because they work in the same industry. Just once a coworker of mine, asked me out between two stops on the N train. We were holding the same pole and he said, “I know this sounds completely insane, bean sprout, but would you like to go to a very public place with me and have a drink or something...?” I looked into his seemingly non-psycho-killing, rent-paying, Sunday Times-subscribing eyes and said, “Sure, why the hell not?” He never bought me a pony. But he didn’t have to, if you know what I mean.
Sloane Crosley (I Was Told There'd Be Cake: Essays)
We have all had the experience of finding that our reactions and perhaps even our deeds have denied beliefs we thought were ours. --“The Crusade of Indignation,” in Nation (New York, 7 July 1956; repr. in The Price of the Ticket, 1985)     It
James Baldwin (Memorable Quotations: James Baldwin)
The democratization of design has altered the competitive logic of businesses. Companies traditionally have competed on price or quality, or some combination of the two. But today decent quality and reasonable price have become merely table stakes in the business game—the entry ticket for being allowed into the marketplace. Once companies satisfy those requirements, they are left to compete less on functional or financial qualities and more on ineffable qualities such as whimsy, beauty, and meaning.
Daniel H. Pink (A Whole New Mind: Why Right-Brainers Will Rule the Future)
The next time you drive into a Walmart parking lot, pause for a second to note that this Walmart—like the more than five thousand other Walmarts across the country—costs taxpayers about $1 million in direct subsidies to the employees who don’t earn enough money to pay for an apartment, buy food, or get even the most basic health care for their children. In total, Walmart benefits from more than $7 billion in subsidies each year from taxpayers like you. Those “low, low prices” are made possible by low, low wages—and by the taxes you pay to keep those workers alive on their low, low pay. As I said earlier, I don’t think that anyone who works full-time should live in poverty. I also don’t think that bazillion-dollar companies like Walmart ought to funnel profits to shareholders while paying such low wages that taxpayers must pick up the ticket for their employees’ food, shelter, and medical care. I listen to right-wing loudmouths sound off about what an outrage welfare is and I think, “Yeah, it stinks that Walmart has been sucking up so much government assistance for so long.” But somehow I suspect that these guys aren’t talking about Walmart the Welfare Queen. Walmart isn’t alone. Every year, employers like retailers and fast-food outlets pay wages that are so low that the rest of America ponies up a collective $153 billion to subsidize their workers. That’s $153 billion every year. Anyone want to guess what we could do with that mountain of money? We could make every public college tuition-free and pay for preschool for every child—and still have tens of billions left over. We could almost double the amount we spend on services for veterans, such as disability, long-term care, and ending homelessness. We could double all federal research and development—everything: medical, scientific, engineering, climate science, behavioral health, chemistry, brain mapping, drug addiction, even defense research. Or we could more than double federal spending on transportation and water infrastructure—roads, bridges, airports, mass transit, dams and levees, water treatment plants, safe new water pipes. Yeah, the point I’m making is blindingly obvious. America could do a lot with the money taxpayers spend to keep afloat people who are working full-time but whose employers don’t pay a living wage. Of course, giant corporations know they have a sweet deal—and they plan to keep it, thank you very much. They have deployed armies of lobbyists and lawyers to fight off any efforts to give workers a chance to organize or fight for a higher wage. Giant corporations have used their mouthpiece, the national Chamber of Commerce, to oppose any increase in the minimum wage, calling it a “distraction” and a “cynical effort” to increase union membership. Lobbyists grow rich making sure that people like Gina don’t get paid more. The
Elizabeth Warren (This Fight Is Our Fight: The Battle to Save America's Middle Class)
I doubt that Americans will ever be able to face the fact that the word ‘homosexual’ is not a noun. The root of this word, as Americans use it — or, as this word uses Americans — simply involves a terror of any human touch, since any human touch can change you.
James Baldwin (The Price of the Ticket: Collected Nonfiction, 1948-1985)
Most of the benches bore the names of benefactors—in memory of Mrs. Ruth Klein or whatever—but my mother’s bench, the Rendezvous Point, alone of all the benches in that part of the park had been given by its anonymous donor a more mysterious and welcoming message: EVERYTHING OF POSSIBILITY. It had been Her Bench since before I was born; in her early days in the city, she had sat there with her library book on her afternoons off, going without lunch when she needed the price of a museum pass at MoMA or a movie ticket at the Paris Theatre.
Donna Tartt (The Goldfinch)
Sure, there is an undeniable pleasure in rooting for a winning team and in being able to look down on opposing fans with equal measures of superiority and disdain. But that's also the Ruthian drawback in rooting for the Yankees (along with high ticket prices, overpriced concessions and crude neighbors). The true pleasure in sports comes not from simply winning but from watching a team overcome adversity to win in the end. The joy of sports is never the final destination, it's the journey. It's experiencing the highs and lows, and appreciating those highs all the more because of the awful lows.
Jim Caple
The paradox of education is precisely this—that as one begins to become conscious one begins to examine the society in which he is being educated. --“The Negro Child—His Self-Image,” in Saturday Review (New York, 21 Dec. 1963; repr. in The Price of the Ticket as “A Talk to Teachers,” 1985)     Europe
James Baldwin (Memorable Quotations: James Baldwin)
promenade concert n. BRITISH a concert of classical music at which a part of the audience stands in an area without seating, for which tickets are sold at a reduced price. The most famous series of such concerts is the annual BBC Promenade Concerts (known as the Proms), instituted by Sir Henry Wood in 1895.
Catherine Soanes (Oxford Dictionary of English)
Is there in the whole world a being who would have the right to forgive and could forgive? I don't want harmony. From love for humanity I don't want it. I would rather be left with the unavenged suffering. I would rather remain with my unavenged suffering and unsatisfied indignation, even if I were wrong. Besides, too high a price is asked for harmony; it's beyond our means to pay so much to enter on it. And so I hasten to give back my entrance ticket, and if I am an honest man I am bound to give it back as soon as possible. And that I am doing. It's not God that I don't accept . . . only I most respectfully return him the ticket.
Fyodor Dostoevsky (The Brothers Karamazov)
Hee-hee-hee. I'm fine, reeeeally. Wanting to die is starting to be a habit for me. Don't worry about it, okay? Next week there's a sale I've been looking forward to, and I promised some friends that I'd go see a movie with them, and I haven't even used my half-price ticket for griddled monja cakes yet, so I can't die.
Mizuki Nomura
The telephone company is urging people not to use the telephone unless it is absolutely necessary, in order to keep the lines open for emergency calls. We'll be right back after this break to give away a pair of Phil Collins concert tickets to caller number 95. -unidentified radio disc jockey after the 1990 Los Angeles earthquake
Steven D. Price (1001 Dumbest Things Ever Said)
I . . . thank you . . . thank you so much,’ said Tina to the man. To her horror tears welled up in her eyes.‘Yeah, whatever,’ said the man and he pushed forward to the counter. He bought his ticket and disappeared into the crowd. Five dollars was the price of a latte in the city. It was nothing to the man.Whoever said money can’t buy happiness?Tina was left holding two dollars and thirty cents. He hadn’t wanted his change. It was just bits of nothing to him. Something to pull down the pockets on his suit pants. The man had no idea what he had done and it struck Tina that through all the misery and shit there were some people who handed out bits of hope. Mostly without realising it.
Nicole Trope (The Boy Under the Table)
I found the little bottle of nail varnish at the bottom of a charity box. It still had the price ticket on it. If I ever discover the person who gave it then I will tell them, for the cost of one British pound and ninety-nine pence, they saved my life. Because this is what I did in that place, to remind myself I was alive underneath everything; under my steel toe caps I wore bright red nail varnish.
Chris Cleave (Little Bee)
Until as late as the early 1950s a round-trip aeroplane ticket from Australia to England cost as much as a three-bedroom suburban home in Melbourne or Sydney. With the introduction by Qantas of larger Lockheed Super Constellation airliners in 1954, prices began to fall, but even by the end of the decade travelling to Europe by air still cost as much as a new car. Nor was it a terribly speedy or comfortable service. The Super Constellations took three days to reach London and lacked the power or range to dodge most storms. When monsoons or cyclones were encountered, the pilots had no choice but to put on the seat-belt signs and bounce through them. Even in normal conditions they flew at a height guaranteed to produce more or less constant turbulence. (Qantas called it, without evident irony, the Kangaroo Route.) It was, by any modern measure, an ordeal.
Bill Bryson (In a Sunburned Country)
One can even buy a so-called Religion, which is really but common morality sanctified with flowers and music. Rob the Church of her accessories and what remains behind? Yet the trusts thrive marvelously, for the prices are absurdly cheap, -- a prayer for a ticket to heaven, a diploma for an honourable citizenship. Hide yourself under a bushel quickly, for if your real usefulness were known to the world you would soon be knocked down to the highest bidder by the public auctioneer.
Kakuzō Okakura (The Book of Tea)
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Waker A Tompkins (West Of Texas Law)
TELLING TIME Before she was old, she took canoe trips in the rain and buried her passions deep within nature poems. Ten years before she was old, her husband died and developers paid a mighty price for their dairy farm. She knew she was getting old, when rest stops in Iowa changed over to those crazy automated washrooms. When she was old, God helped with little things (growing tomatoes in her garden) but was missing on big ticket items (bringing her husband back). She knew she had lived too long when her grandson explained extinction to his stuffed polar bear.
Carol Baldwin
My breath caught. Locks unsnapped. The door yawned open. This would end badly, I knew. “What?” she said. “I’m new,” I answered. “A new freshman.” “Yeah?” Her eyes were pale blue, her hair a black bowl cut. “Dolores Price? This is my dorm. Are you the house mother or something?” She let go a snort of laughter. “I’m the ‘or something.’ You’re a little early, ain’t you?” “I got this letter that said we should arrive somewhere between ten and four. It’s ten after four . . .” “Between ten and four next Thursday.” “I’m sure I have the right date.” I hadn’t gotten the dry heaves over September 7 for nothing. I was surer of that date than anything else in my whole life. “You can come in and put your stuff down for a minute, but you ain’t supposed to be here until next week. I got my orders. There’s no linens or nothing. Buildings and Grounds ain’t even sent over my new mattresses yet.” “Look, I have the right day. I can prove it.” “You do that then,” she said. “But hurry up. I got work to do.” Once you left Easterly, you saw the world was full of these people: ticket sellers, snack-bar clerks. They assumed they were better than you just because they knew their own routines.
Wally Lamb (She's Come Undone)
was tempted to tell him the truth: “See here, sir, the reason is there’s so much misery in Spain that we have to dunk our bread in puddles, there are no cats left in my town because we’ve eaten all the rats, the Republicans killed my mother because she had a cousin who was a nun hiding in our house, and then the Nationalists killed my father because he refused to bend his knee before a portrait of the caudillo. I have no family left, but I don’t wanna spend the rest of my life breaking my back in the mines, devoured by lice, and I sold my grandmother’s wedding ring—may she rest in peace—so I could buy a third-class ticket on a ship and start from zero, with just the clothes on my back, on the other side of the world. The reason is I wanna survive.
Susana López Rubio (The Price of Paradise)
Problem 8 (N = 200): Imagine that you have decided to see a play and paid the admission price of $10 per ticket. As you enter the theater, you discover that you have lost the ticket. The seat was not marked, and the ticket cannot be recovered. Would you pay $10 for another ticket? Yes (46%) No (54%)   Problem 9 (N = 183): Imagine that you have decided to see a play where admission is $10 per ticket. As you enter the theater, you discover that you have lost a $10 bill.   Would you still pay $10 for a ticket for the play? Yes (88%) No (12%) The difference between the responses to the two problems is intriguing. Why are so many people unwilling to spend $10 after having lost a ticket, if they would readily spend that sum after losing an equivalent amount of cash? We attribute the difference to the topical organization of mental accounts. Going to the theater is normally viewed as a transaction in which the cost of the ticket is exchanged for the experience of seeing the play. Buying a second ticket increases the cost of seeing the play to a level that many respondents apparently find unacceptable. In contrast, the loss of the cash is not posted to the account of the play, and it affects the purchase of a ticket only by making the individual feel slightly less affluent.
Daniel Kahneman (Choices, Values, and Frames)
Why would intelligent, capable British and French government officials continue to invest in what was clearly a losing proposition for so long? One reason is a very common psychological phenomenon called “sunk-cost bias.” Sunk-cost bias is the tendency to continue to invest time, money, or energy into something we know is a losing proposition simply because we have already incurred, or sunk, a cost that cannot be recouped. But of course this can easily become a vicious cycle: the more we invest, the more determined we become to see it through and see our investment pay off. The more we invest in something, the harder it is to let go. The sunk costs for developing and building the Concorde were around $1 billion. Yet the more money the British and French governments poured into it, the harder it was to walk away.3 Individuals are equally vulnerable to sunk-cost bias. It explains why we’ll continue to sit through a terrible movie because we’ve already paid the price of a ticket. It explains why we continue to pour money into a home renovation that never seems to near completion. It explains why we’ll continue to wait for a bus or a subway train that never comes instead of hailing a cab, and it explains why we invest in toxic relationships even when our efforts only make things worse. Examples
Greg McKeown (Essentialism: The Disciplined Pursuit of Less)
Because I have already had a long leave I get none on Sundays. So the last Sunday before I go back to the front my father and eldest sister come over to see me. All day we sit in the Soldiers’ Home. Where else could we go? We don’t want to stay in the camp. About midday we go for a stroll on the moors. The hours are a torture; we do not know what to talk about, so we speak of my mother’s illness. It is now definitely cancer, she is already in the hospital and will be operated on shortly. The doctors hope she will recover, but we have never heard of cancer being cured. ”Where is she then?” I ask. ”In the Luisa Hospital,” says my father. ”In which class?” ”Third. We must wait till we know what the operation costs. She wanted to be in the third herself. She said that then she would have some company. And besides it is cheaper.” ”So she is lying there with all those people. If only she could sleep properly.” My father nods. His face is broken and full of furrows. My mother has always been sickly; and though she has only gone to the hospital when she has been compelled to, it has cost a great deal of money, and my father’s life has been practically given up to it. ”If only I knew how much the operation costs,” says he. ”Have you not asked?” ”Not directly, I cannot do that–the surgeon might take it amiss and that would not do; he must operate on mother.” Yes, I think bitterly, that’s how it is with us, and with all poor people. They don’t dare ask the price, but worry themselves dreadfully beforehand about it; but the others, for whom it is not important, they settle the price first as a matter of course. And the doctor does not take it amiss from them. ”The dressings afterwards are so expensive,” says my father. ”Doesn’t the Invalid’s Fund pay anything toward it, then?” I ask. ”Mother has been ill too long.” ”Have you any money at all?” He shakes his head: ”No, but I can do some overtime.” I know. He will stand at his desk folding and pasting and cutting until twelve o’clock at night. At eight o’clock in the evening he will eat some miserable rubbish they get in exchange for their food tickets, then he will take a powder for his headache and work on.
Erich Maria Remarque (All Quiet on the Western Front)
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Dear KDP Author, Just ahead of World War II, there was a radical invention that shook the foundations of book publishing. It was the paperback book. This was a time when movie tickets cost 10 or 20 cents, and books cost $2.50. The new paperback cost 25 cents – it was ten times cheaper. Readers loved the paperback and millions of copies were sold in just the first year. With it being so inexpensive and with so many more people able to afford to buy and read books, you would think the literary establishment of the day would have celebrated the invention of the paperback, yes? Nope. Instead, they dug in and circled the wagons. They believed low cost paperbacks would destroy literary culture and harm the industry (not to mention their own bank accounts). Many bookstores refused to stock them, and the early paperback publishers had to use unconventional methods of distribution – places like newsstands and drugstores. The famous author George Orwell came out publicly and said about the new paperback format, if “publishers had any sense, they would combine against them and suppress them.” Yes, George Orwell was suggesting collusion. Well… history doesn’t repeat itself, but it does rhyme. Fast forward to today, and it’s the e-book’s turn to be opposed by the literary establishment. Amazon and Hachette – a big US publisher and part of a $10 billion media conglomerate – are in the middle of a business dispute about e-books. We want lower e-book prices. Hachette does not. Many e-books are being released at $14.99 and even $19.99. That is unjustifiably high for an e-book. With an e-book, there’s no printing, no over-printing, no need to forecast, no returns, no lost sales due to out of stock, no warehousing costs, no transportation costs, and there is no secondary market – e-books cannot be resold as used books. E-books can and should be less expensive. Perhaps channeling Orwell’s decades old suggestion, Hachette has already been caught illegally colluding with its competitors to raise e-book prices. So far those parties have paid $166 million in penalties and restitution. Colluding with its competitors to raise prices wasn’t only illegal, it was also highly disrespectful to Hachette’s readers. The fact is many established incumbents in the industry have taken the position that lower e-book prices will “devalue books” and hurt “Arts and Letters.” They’re wrong. Just as paperbacks did not destroy book culture despite being ten times cheaper, neither will e-books. On the contrary, paperbacks ended up rejuvenating the book industry and making it stronger. The same will happen with e-books. Many inside the echo-chamber of the industry often draw the box too small. They think books only compete against books. But in reality, books compete against mobile games, television, movies, Facebook, blogs, free news sites and more. If we want a healthy reading culture, we have to work hard to be sure books actually are competitive against these other media types, and a big part of that is working hard to make books less expensive. Moreover, e-books are highly price elastic. This means that when the price goes down, customers buy much more. We've quantified the price elasticity of e-books from repeated measurements across many titles. For every copy an e-book would sell at $14.99, it would sell 1.74 copies if priced at $9.99. So, for example, if customers would buy 100,000 copies of a particular e-book at $14.99, then customers would buy 174,000 copies of that same e-book at $9.99. Total revenue at $14.99 would be $1,499,000. Total revenue at $9.99 is $1,738,000. The important thing to note here is that the lower price is good for all parties involved: the customer is paying 33% less and the author is getting a royalty check 16% larger and being read by an audience that’s 74% larger. The pie is simply bigger.
Amazon Kdp
Arsenal hasn’t been a great soccer club lately, but it has been a good business. This is what a soccer club run as a business looks like: high ticket prices, little desire to win trophies, and respectable profits. If FFP takes force, and other big clubs end up being run like Arsenal rather than like Abramovich’s Chelsea, then we predict:        •   A fall in players’ wages        •   A fall in transfer fees, which would mean less money trickling down from big clubs to the rest        •   A rise in club profits, which would mean more money being taken out of the game by people like the Glazers
Simon Kuper (Soccernomics: Why England Loses, Why Germany and Brazil Win, and Why the U.S., Japan, Australia, Turkey--and Even Iraq--Are Destined to Become the Kings of the World's Most Popular Sport)
This is our space, this is real. Fuck stages and division between band and audience. Fuck rock stars and bands with bumper stickers, websites, and $12 ticket prices.
Laura Jane Grace (Tranny: Confessions of Punk Rock's Most Infamous Anarchist Sellout)
Meditation value can’t be quoted as a price or a ticket. It’s the real exercise of the Soul.
Vishal Chipkar (Enter Heaven)
The big-ticket hardware folks invest the capital, take all the risks—which are huge—suffer the losses and the write-downs, and then let somebody else capture the business that has predictability, lower price sensitivity, higher margins, recurring revenue, and the opportunity to create an ongoing customer relationship, because the frequency of purchase is ten times greater than the frequency of the initial transaction. “So
Adrian J. Slywotzky (The Art of Profitability)
It seems no one is guaranteed a job anywhere anymore. These are troubled times for workers. The creeping sense that no one’s job is safe, even as the companies they work for are thriving, means the spread of fear, apprehension, and confusion. One sign of this growing unease: An American headhunting firm reported that more than half of callers making inquiries about jobs were still employed—but were so fearful of losing those jobs that they had already started to look for another.5 The day that AT&T began notifying the first of forty thousand workers to be laid off—in a year when its profits were a record $4.7 billion—a poll reported that a third of Americans feared that someone in their household would soon lose a job. Such fears persist at a time when the American economy is creating more jobs than it is losing. The churning of jobs—what economists euphemistically call “labor market flexibility”—is now a troubling fact of work life. And it is part of a global tidal wave sweeping through all the leading economies of the developed world, whether in Europe, Asia, or the Americas. Prosperity is no guarantee of jobs; layoffs continue even amidst a booming economy. This paradox, as Paul Krugman, an MIT economist, puts it, is “the unfortunate price we have to pay for having as dynamic an economy as we do.”6 There is now a palpable bleakness about the new landscape of work. “We work in what amounts to a quiet war zone” is the way one midlevel executive at a multinational firm put it to me. “There’s no way to give your loyalty to a company and expect it to be returned anymore. So each person is becoming their own little shop within the company—you have to be able to be part of a team, but also ready to move on and be self-sufficient.” For many older workers—children of the meritocracy, who were taught that education and technical skills were a permanent ticket to success—this new way of thinking may come as a shock. People are beginning to realize that success takes more than intellectual excellence or technical prowess, and that we need another sort of skill just to survive—and certainly to thrive—in the increasingly turbulent job market of the future. Internal qualities such as resilience, initiative, optimism, and adaptability are taking on a new valuation. A
Daniel Goleman (Working With Emotional Intelligence)
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MOONRAN
train me, nice as could be other than acting like she’s my mom, all honey-this and honey-that and “You think you can remember all that, sweetie?” Just three or four years out of high school herself. But she did have three kids, so probably she’d wiped so many asses she got stuck that way. I didn’t hold it against her. Coach Briggs’s brother stayed upstairs in the office. Heart attack guy was a mystery. First they said he might come back by the end of summer. Then they all stopped talking about him. As far as customers, every kind of person came in. Older guys would want to chew the fat outside in the dock after I loaded their grain bags or headgates or what have you. I handled all the larger items. They complained about the weather or tobacco prices, but oftentimes somebody would recognize me and want to talk football. What was my opinion on our being a passing versus running team, etc. So that was amazing. Being known. It was the voice that hit my ear like a bell, the day he came in. I knew it instantly. And that laugh. It always made you wish that whoever made him laugh like that, it had been you. I was stocking inventory in the home goods aisle, and moved around the end to where I could see across the store. Over by the medications and vaccines that were kept in a refrigerator case, he was standing with his back to me, but that wild head of hair was the giveaway. And the lit-up face of Donnamarie, flirting so hard her bangs were standing on end. She was opening a case for him. Some of the pricier items were kept under lock and key. I debated whether to go over, but heard him say he needed fifty pounds of Hi-Mag mineral and a hundred pounds of pelleted beef feed, so I knew I would see him outside. I signaled to Donnamarie that I’d heard, and threw it all on the dolly to wheel out to the loading dock. He pulled his truck around but didn’t really see me. Just leaned his elbow out the open window and handed me the register ticket. He’d kept the Lariat of course, because who wouldn’t. “You’ve still got the Fastmobile, I see,” I said. He froze in the middle of lighting a smoke, shifted his eyes at me, and shook his head fast, like a splash of cold water had hit him. “I’ll be goddamned. Diamond?” “The one,” I said. “How you been hanging, Fast Man?” “Cannot complain,” he said. But it seemed like he wasn’t a hundred percent on it really being me loading his pickup. He watched me in the side mirror. The truck bounced a little each time I hefted a mineral block or bag into the bed. Awesome leaf springs on that beauty. I came around to give him back his ticket, and he seemed more sure.
Barbara Kingsolver (Demon Copperhead)
And the effect is stronger the more the ticket costs. Imagine if, instead of $95, you had spent $150 or $250 or $500. As the price tag grows, so does the effect of sunk costs.
Annie Duke (Quit: The Power of Knowing When to Walk Away)
There was public protest over the price of tickets because they cost from $5.00 to $7.50, with those in the front section going for $12.50. The promoters blamed the Stones,
Jann S. Wenner (Like a Rolling Stone: A Memoir)
As its name suggests, Tri-Party Repo is an agreement between three parties. There’s the seller of the securities (the securities dealer), the buyer of the securities (cash investor), and the clearing bank (the bank that holds both the securities and the cash). The cash investor liked the transaction because they have better security. They knew the securities were priced and margined correctly by the clearing bank. For the securities dealer, Tri-Party minimized settlements and ticket processing. It gave them more time to allocate collateral throughout the day, and it made it easier to finance smaller pieces. The clearing bank did most of the work. They handled the risk management, pricing the collateral, and accommodated collateral substitutions. They managed the settlement risk, cleared the trades, provided valuation, and the position reporting. And, on top of that, they get paid a fee. Sounds like everyone wins! When there was a problem with HIC Repo, the market figured out a way to reduce investor risk. It brought cash investors back to the Repo market.
Scott E.D. Skyrm (The Repo Market, Shorts, Shortages, and Squeezes)
Ross’s “arbitrage pricing theory” and Rosenberg’s “bionic betas” posited that the returns of any financial security are the result of several systematic factors. Although seemingly stating the obvious, this was a seminal moment in the move toward a more vibrant understanding of markets. The eclectic Rosenberg was even put on the cover of Institutional Investor in May 1978, the bald, mustachioed man depicted as a giant meditating guru with flowers in his hair, worshipped by a gathering of besuited portfolio managers. The headline was “Who Is Barr Rosenberg? And What the Hell Is He Talking About?”8 What he was talking about was how academics were beginning to classify stocks according to not just their industry or their geography, but their financial characteristics. And some of these characteristics might actually prove to deliver better long-term returns than the broader stock market. In 1973, Sanjoy Basu, a finance professor at McMaster University in Ontario, published a paper that indicated that companies with low stock prices relative to their earnings did better than the efficient-markets hypothesis would suggest. Essentially, he showed that the value investing principles espoused by Benjamin Graham in the 1930s—which revolved around buying cheap, out-of-favor stocks trading below their intrinsic worth—was a durable investment factor. By systematically buying all cheap stocks, investors could in theory beat the broader market over time. Then Banz showed the same for small caps, another big moment in the evolution of factor investing. Follow-up studies on smaller stocks in Japan and the UK showed similar results, so in 1986 DFA launched dedicated small-cap funds for those two markets as well. In the early 1990s, finance professors Narasimhan Jegadeesh and Sheridan Titman published a paper indicating that simply surfing market momentum—in practice buying stocks that were already bouncing and selling those that were sliding—could also produce market-beating returns.9 The reasons for these apparent anomalies divide academics. Efficient-markets disciples stipulate that they are the compensation investors receive for taking extra risks. Value stocks, for example, are often found in beaten-up, unpopular, and shunned companies, such as boring industrial conglomerates in the middle of the dotcom bubble. While they can underperform for long stretches, eventually their underlying worth shines through and rewards investors who kept the faith. Small stocks do well largely because small companies are more likely to fail than bigger ones. Behavioral economists, on the other hand, argue that factors tend to be the product of our irrational human biases. For example, just like how we buy pricey lottery tickets for the infinitesimal chance of big wins, investors tend to overpay for fast-growing, glamorous stocks, and unfairly shun duller, steadier ones. Smaller stocks do well because we are illogically drawn to names we know well. The momentum factor, on the other hand, works because investors initially underreact to news but overreact in the long run, or often sell winners too quickly and hang on to bad bets for far longer than is advisable.
Robin Wigglesworth (Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever)
It’s much more fulfilling to kill her than it would be to spend ten minutes fucking her, and best of all, it doesn’t cost me a thing—aside from the price of a ticket to hell, but I’ve had a seat on that black train for a while now.
Lauren Biel (Across State Lines (Ride or Die Romances))
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A call is an option to buy a stated amount of a certain stock at a fixed price—generally near the current market price—at any time during a stated period. Calls on most listed stocks are always on sale by dealers who specialize in them. The purchaser pays a generally rather moderate sum for his option; if the stock then goes up during the stated period, the rise can easily be converted into almost pure profit for him, while if the stock stays put or goes down, he simply tears up his call the way a horseplayer tears up a losing ticket, and loses nothing but the cost of the call. Therefore calls provide the cheapest possible way of gambling on the stock market, and the most convenient way of converting inside information into cash.
John Brooks (Business Adventures: Twelve Classic Tales from the World of Wall Street)
Maybe you need some antidote messages to neutralize sappy sweetness, so here goes: • You are the only person entitled to let people in—to your house, your heart, your head, or your bed. (More about that in Chapter Ten.) • You are the one who can protect the Nice Little Girl inside you from intrusive and unhealthy demands, requests, phone calls, Internet, TV, visitors. • You are the woman who can learn to say “no thanks” without feeling guilty. You’ll be surprised at how easy it gets and how calmly most people take it. • You can protect yourself from undue stress, which shortens your life and adds frown lines. • You can decline an order to leap tall buildings in a single bound, even if you think you could. (You can’t, but hey, we’re all entitled to our fantasies.) • You can identify the price of admission to a relationship, job, anything—and then decide whether the show is worth the ticket. Everything has a price of admission, honey. Be careful to get your money’s worth. • You can learn how to build boundaries, like the cowhand builds fences. • You can learn to listen to that little voice inside that says, “This doesn’t fit for me. This hurts.
Roz Van Meter (Put Your Big Girl Panties On and Deal with It: A Hilarious and Helpful Guide to Building A Confident, Romantic, and Stress-Free Life)
THE ROAR of the death blast on the Avenue of the Americas cannot be heard in faraway Johannesburg. With eight weeks to go to the opening game in Soccer City, Sepp Blatter and his South African capos have enough problems. Outraged by price gouging, fans are staying home. In the townships citizens protest every day; ‘Service riots’ send messages to politicians that public money should be spent on homes, water, sewage plants and jobs, not stadiums that will become white elephants. Why should they listen? They have the police beat back the protestors. The World Cup is good news for Danny Jordaan, leader of the bid and now chief executive for the tournament. Quietly, his brother Andrew has been given a well-paid job as Hospitality liaison with MATCH Event Services at the Port Elizabeth stadium. A stakeholder in the MATCH company is Sepp Blatter’s nephew Philippe Blatter. The majority owners are Mexican brothers Jaime and Enrique Byrom, based in Manchester, England, Zurich, Switzerland and with some of their bank accounts in Spain and the Isle of Man. The Brothers are not happy. Sepp Blatter awarded them the lucrative 2010 hospitality contract aimed at wealthy football patrons, mostly from abroad. If that wasn’t enough, Blatter also gave them the contract to manage and distribute the three million tickets. The brothers are charging top rates for hotels and internal flights and expected to make huge profits. Instead, they are on their way to losing $50 million. They plan to recoup these losses in Brazil in four years time.
Andrew Jennings (Omertà: Sepp Blatter's FIFA Organised Crime Family)
He gave me his telephone number and asked me to make an appointment to see him in the Hotel République, on Place de la République. He assured me that in case he was not there, his wife would make the appointment; she spoke Yiddish. I came to his hotel next day and everything became clear. For double the price of a ticket from Southampton to New York, we could get tickets on one or the other boat. Of course, it had to be paid in New York to his brother in Williamsburgh, a section inhabited by Orthodox Jews.
Pearl Fichman (Before Memories Fade)
Christmas Days at sea are of varied character, fair to middling and down to plainly atrocious. In this statement I do not include Christmas Days on board passenger ships. A passenger is, of course, a brother (or sister), and quite a nice person in a way, but his Christmas Days are, I suppose, what he wants them to be: the conventional festivities of an expensive hotel included in the price of his ticket.
Charles Dickens (Delphi Christmas Collection Volume I (Illustrated) (Delphi Anthologies Book 6))
You could be on the other side of the door which you think is barred against you. It will open wide when you are ready to enter; that is, when you have paid the price of admission. No one can give you a free pass, and admission tickets are not transferable. You must pay the price yourself or stay outside. The price is self-effort.
Orison Swett Marden (7 Books on Prosperity & Success)
Els Quatre Gats was just a five-minute walk from our house and one of my favourite haunts. My parents had met there in 1932, and I attributed my one-way ticket into this world in part to the old cafe's charms. Stone dragons guarded a lamplit facade. Inside, voices seemed to echo with shadows of other times. Accountants, dreamers, and would-be geniuses shared tables with the spectres of Pablo Picasso, Isaac Albeniz, Federico Garcia Lorca, and Salvador Dali. There any poor devil could pass for a historical figure for the price of a small coffee.
Carlos Ruiz Zafón
There was a slight degree of humility you had to sacrifice along with the ticket price in order to see something magical. You had to admit that human reason and progress were in some ways lacking. You had to be a food. You believed in what you needed to believe in these places. She needed to believe in the mermaid. Mermaids had no other role than to be themselves. They were not mothers or sisters or daughters.
Heather O'Neill (When We Lost Our Heads)
And then there’s Mississippi. A 389-page audit released in 2020 found that money overseen by the Mississippi Department of Human Services (DHS) and intended for the state’s poorest families was used to hire an evangelical worship singer who performed at rallies and church concerts; to purchase a Nissan Armada, Chevrolet Silverado, and Ford F-250 for the head of a local nonprofit and two of her family members; and even to pay the former NFL quarterback Brett Favre $1.1 million for speeches he never gave. (Favre later returned the money.) There’s more. DHS contractors squandered TANF dollars on college football tickets, a private school, a twelve-week fitness camp that state legislators could attend free of charge ($1.3 million), and a donation to the University of Southern Mississippi for a wellness center ($5 million). Welfare funds also went to a ministry run by former professional wrestler Ted DiBiase—the Million Dollar Man and the author of the memoir Every Man Has His Price—for speeches and wrestling events. DiBiase’s price was $2.1 million. Brett DiBiase, the Million Dollar Man’s son, was serving as deputy administrator for Mississippi’s Department of Human Services at the time. He and five others have been indicted on fraud and embezzlement charges.[15]
Matthew Desmond (Poverty, by America)
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It is foolish and childish, on the face of it, to affiliate ourselves with anything so insignificant and patently contrived and commercially exploitative as a professional sports team, and the amused superiority and icy scorn that the non-fan directs at the sports nut (I know this look—I know it by heart) is understandable and almost unanswerable. Almost. What is left out of this calculation, it seems to me, is the business of caring—caring deeply and passionately, really caring—which is a capacity or an emotion that has almost gone out of our lives. And so it seems possible that we have come to a time when it no longer matters so much what the caring is about, how frail or foolish is the object of that concern, as long as the feeling itself can be saved. Naïveté—the infantile and ignoble joy that sends a grown man or woman to dancing and shouting with joy in the middle of the night over the haphazardous flight of a distant ball—seems a small price to pay for such a gift.
Roger Angell (The Roger Angell Baseball Collection: The Summer Game, Five Seasons, and Season Ticket)
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Jason Kurland, forty-seven, represented them all. In fall 2011, Kurland, then an attorney at the Long Island branch of the firm Rivkin Radler specializing in commercial real estate law, received a phone call that would determine his future. The caller, seeking legal advice, had gotten Kurland’s name from another client. Payment would not be an issue because he and two coworkers had just won a $254 million Powerball jackpot. After taxes on their lump-sum payout, they would have $104 million to share. We stereotype lottery winners as financially unsophisticated. Not these guys. They were a founding partner, senior portfolio manager, and chief investment officer for Belpointe Asset Management, a financial firm in Greenwich, Connecticut, where mansions sprout from spacious lots and single-family homes list for quintuple the national median price. Kurland was no lottery expert, but he quickly made it his business to become one. He researched how different states tax lottery winnings, whether and how big jackpot winners need to be identified (at least eight states let them remain anonymous), and the legal tricks one might use, depending on location, to claim a monster windfall. Claiming in the name of a trust or a limited liability corporation, for instance, won’t reduce the initial tax hit, but it may limit a winner’s public exposure. Some states let you claim using a legal entity and others don’t. Some require press conferences. Some allow an attorney to claim the prize as a trustee. “In that case, the attorney signs the back of the ticket—and you have to make sure you trust that attorney,” Kurland said. (We will come to see the irony in that advice.)
Michael Mechanic (Jackpot: How the Super-Rich Really Live—and How Their Wealth Harms Us All)
Why would anyone want movie-goers to pay eighteen dollars when they might pay twenty-seven dollars?’ he finally asked, his face still betraying nothing. Everyone tried to process what he was saying. Why were they talking about ticket prices? Had they started their own game of riddles? ‘So I don’t get this at all,’ Shaye continued, ‘why would you make two films when there are three books?
Ian Nathan (Anything You Can Imagine: Peter Jackson and the Making of Middle-earth)
In reality, competition didn't work well in a hospital setting. That wasn't a secret: one of the most praised economists of the twentieth century, Kenneth Arrow, had concluded decades earlier that the magic of markets didn't function for health care in the way it would for selling bread, cars, or plane tickets. Patients just didn't have the information to intelligently price health-care services, and more often than not their priority was getting the best care as soon as possible, not finding the cheapest oncologist.
Walt Bogdanich (When McKinsey Comes to Town)
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Few investors have the disposition to say, “I’m actually fine if I lose 20% of my money.” This is doubly true for new investors who have never experienced a 20% decline. But if you view volatility as a fee, things look different. Disneyland tickets cost $100. But you get an awesome day with your kids you’ll never forget. Last year more than 18 million people thought that fee was worth paying. Few felt the $100 was a punishment or a fine. The worthwhile tradeoff of fees is obvious when it’s clear you’re paying one. Same with investing, where volatility is almost always a fee, not a fine. Market returns are never free and never will be. They demand you pay a price, like any other product. You’re not forced to pay this fee, just like you’re not forced to go to Disneyland. You can go to the local county fair where tickets might be $10, or stay home for free. You might still have a good time. But you’ll usually get what you pay for. Same with markets. The volatility/uncertainty fee—the price of returns—is the cost of admission to get returns greater than low-fee parks like cash and bonds. The trick is convincing yourself that the market’s fee is worth it. That’s the only way to properly deal with volatility and uncertainty—not just putting up with it, but realizing that it’s an admission fee worth paying. There’s no guarantee that it will be. Sometimes it rains at Disneyland. But if you view the admission fee as a fine, you’ll never enjoy the magic. Find the price, then pay it.
Morgan Housel (The Psychology of Money)