Underwriter Quotes

Evil's just destructive? Then storms are evil, if it's that simple. And we have fire, and there there's hail. Underwriters lump it all under 'Acts of God.

IF YOU WANT TO CREATE A CHANGE, you must challenge not only the models of Unreality, but the paradigms that underwrite them.

No society is healthy which tells its members to take no thought of the morrow because the state underwrites their future.

I prefer to underwrite. Simple, clear as a country creek.

We are writing in the age of stylish minimalism that in truth has become even more cautious because of word processing. Nowadays, creative writing students are underwriting rather than overdoing it.

But I had fallen among pirates and life insurance underwriters.

To believe in something not yet proved and to underwrite it with our lives...

At the federal level, this problem could be greatly alleviated by abolishing the Electoral College system. It's the winner-take-all mathematics from state to state that delivers so much power to a relative handful of voters. It's as if in politics, as in economics, we have a privileged 1 percent. And the money from the financial 1 percent underwrites the microtargeting to secure the votes of the political 1 percent. Without the Electoral College, by contrast, every vote would be worth exactly the same. That would be a step toward democracy.

It’s the concert of knowledge and ignorance that underwrites our decisions.

In this way, the bravery of the warrior underwrites collective civic cowardice, while fostering a slack, insipid patriotism.

Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting!

The kingdom of God is neither blue nor red, tea nor coffee! The church must stand in prophetic tension with Constantinian political systems and never underwrite or accommodate itself to a partisan political world order, including American democracy.

Municipalities that struggle with emergency management present an added layer of risk in terms of their ability to repay loans. When we do our underwriting for bond issuance we consider how prepared a municipality is in terms of emergency management.

by 1950, caught up increasingly in our own global vision of anti-Communism, we chose not to see this war as primarily a colonial/anticolonial war, and we had begun to underwrite most of the French costs. Where our money went our rhetoric soon followed. We adjusted our public statements, and much of our journalism, to make it seem as if this was a war of Communists against anti-Communists, instead, as the people of Vietnam might have seen it, a war of a colonial power against an indigenous nationalist force.

While the stoning of children for heresy has fallen out of fashion in our country, you will not hear a moderate Christian or Jew arguing for a “symbolic” reading of passages of this sort. [...] it is only by ignoring such barbarisms that the Good Book can be reconciled with life in the modern world. This is a problem for “moderation” in religion: it has nothing underwriting it other than the unacknowledged neglect of the letter of the divine law.

Private ownerships of a ...slave chip is illegal in many polities. It tends to be a government monopoly, much like other forms of violence. But I had fallen among pirates and life insurance underwriters.

You will never be allowed to buy the really good IPOs at the initial offering price. The hot IPOs are snapped up by the big institutional investors or the very best wealthy clients of the underwriting firm.

It may be said, in broad-brush terms, that the primary purpose of life is the continuation of life. A deep program for survival and reproduction underwrites the complex cycles of life, in which death is the grand equalizer. There is, however, a peculiar novelty: human awareness of the cycle of life and a capacity to anticipate our own, individual death.

The right hemisphere underwrites breadth and flexibility of attention, where the left hemisphere brings to bear focussed attention. This has the related consequence that the right hemisphere sees things whole, and in their context, where the left hemisphere sees things abstracted from context, and broken into parts, from which it then reconstructs a ‘whole’: something very different.

The family is the world's greatest welfare agency, and the most successful. What the federal government has done in welfare is small and trifling compared to what the families of America do daily, caring for their own, relieving family distresses, providing medical care and education for one another, and so on. No civil government could begin to finance what the families underwrite daily. The family's welfare program, for all its failures from time to time, is proportionately the world's most successful operation by an incomparable margin.

American warriors may not win wars, but they do perform the invaluable service of providing their countrymen with an excuse to avoid introspection. They make second thoughts unnecessary. In this way, the bravery of the warrior underwrites collective civic cowardice, while fostering a slack, insipid patriotism. In

I will have thee, as our rarer monsters are, painted upon a pole,and underwrit: "Here you may see the tyrant, Macbeth

True wealth is the ability to underwrite a meaningful life.

Love is the current principle as it underwrites all matters of our universe. Loving one another is therefore a principal matter for all of us. And as such, we choose to stay present in its noble truth each and every moment of the now. Now then and forever more, let our hearts continue to overflow with love instead of fear as we are truly one in its intent; the source of all life. We are but one kindred brotherhood of wo-man-kind living the beautiful reality of love that we call life.

But I’m thinking of the great death populations of the Gulags and the German labor camps. Why does the century—I don’t know how else to put it—underwrite so much destruction? There is a lameness that comes over all of us when we consider these facts.

Every large branch of the company has several qualified underwriters. When a quote is requested, anyone who happens to be available may be assigned to prepare it. In effect, the particular underwriter who will determine a quote is selected by a lottery.

But surely everyone can also testify to another, less reckonable kind of homesickness, one having to do with unsettlements that cannot be located in spaces of geography or history; and accordingly it's my belief that the communal, contractual phenomenon of New York cricket is underwritten, there where the print is finest, by the same agglomeration of unspeakable individual longings that underwrites cricket played anywhere--longings concerned with horizons and potentials sighted or hallucinated and in any event lost long ago, tantalisms that touch on the undoing of losses too private and reprehensible to be acknowledged to oneself, let alone to others. I cannot be the first to wonder if what we see, when we see men in white take to a cricket field, is men imagining an environment of justice.

Whether or not he was in it, whether or not he could see or touch it, he'd thought there would always be a FIllory out there somewhere. He loved knowing it was there. It anchored his sense of happiness, the way a distant stockpile of gold might underwrite the value of a paper bill.

From its inception patriarchy has relied on salvation narrative to underwrite its program of genocide, ecocide, sexual repression, child abuse, social domination, and spiritual control. This script works beautifully for the dominator agenda because it was deliberately written for it. How can a story about love, forgiveness and divine benevolence endorse the perpetration of evil? This seems impossible and against all reason, until we realize that the story is not what it appears to be. The salvation narrative of the Bible is a story of perpetration, conceived to support and legitimate the dominator agenda. History shows that the religious ideals attached to salvation narrative have consistently been used to legitimate violence, rape, genocide, and destruction of the natural world…In the final balance the people who commit and promote violence and murder in the expression of religious beliefs may be a minute fraction of the faithful, but they are the ones who determine the course of events, shape history, affect society, and threaten the biosphere…To dissociate from the salvation narrative would be the most effective way for peace-loving people to end their complicity in the dominator agenda.

Is compatibilism too good to be true? I think not; I think it is true, and we can soundly and roundly dismiss the alarmists, at the same time reforming and revising our understanding of what underwrites our concept of moral responsibility. But that is the task for the future, and it should be the work of many hands. So far as I can see, it is both the most difficult and the most important philosophical problem confronting us today. The stakes are high, the issues thorny, and emotions tend to cloud our judgment. We will need all our thinking tools and more, which we will have to make as we go along.

The two men could barely get their papers published. Nor could Kummerow raise funds for scientific meetings to discuss trans fats—though he certainly tried—for the obvious reason that the usual underwriters of such gatherings were members of industry, and they didn’t want to touch the topic with a ten-foot pole.

They did not overthrow the elected government of Mossadegh in Iran; support the genocide of eight hundred thousand leftists in Indonesia; intervene on behalf of the fascist Phalange against the Palestinians in Lebanon; fight a dirty war against Dhofarian insurgents; underwrite absolute monarchies like Saudi Arabia, the shah of Iran, Morocco, and the Gulf Emirates; build with billions of U.S. tax dollars the golden throne upon which Mubarak sits like a modern-day pharaoh; arm Saddam Hussein in the 1980s and turn a blind eye to his genocide against the communists and Kurds; then kill seventeen thousand Iraqi civilians in bombing raids during the Gulf War, including more than four hundred women and children incinerated in the Amariyah bomb shelter. Nor did they stir the Shias of southern Iraq into revolt, then abandon them to Saddam Hussein’s executioners because George Bush senior calculated that the total destruction of the regime would create an impermissible power vacuum that Iran might rush to fill.

The vaccines are so risky that the insurance industry has refused to underwrite them,154 and the manufacturers refuse to produce them without blanket immunity from liability.155 Bill Gates, who is the principal investor in many of these new COVID vaccines, stipulated that their risk is so great that he would not provide them to people unless every government shielded him from lawsuits.156

An adjuster is assigned to the claim—just as the underwriter was assigned, because she happens to be available. The adjuster gathers the facts of the case and provides an estimate of its ultimate cost to the company. The same adjuster then takes charge of negotiating with the claimant’s representative to ensure that the claimant receives the benefits promised in the policy while also protecting the company from making excessive payments.

About those gender binaries that still govern the world most of us live in: it’s important that in fanfiction, women are largely running the show. Where else is that true? Today, less than 30 percent of television writers are women;2 in film, that figure is below 20 percent.3 Oscar-nominated women directors? Four. In 2012, women comprised roughly 30 percent of the writers reviewed by the combined forces of the New York Times Book Review, the Times Literary Supplement, the New Yorker, the Atlantic Monthly, and the Paris Review.4 Women dominate in romance writing (sometimes, even in the romances themselves)—only to have their accomplishments derided or ignored by the broader literary culture whose efforts their profits nonetheless help underwrite. In sum, those numbers mean there’s a lot of variously talented women we haven’t been hearing from. A great many of these women are writing fic.

When we asked 828 CEOs and senior executives from a variety of industries how much variation they expected to find in similar expert judgments, 10% was also the median answer and the most frequent one (the second most popular was 15%). A 10% difference would mean, for instance, that one of the two underwriters set a premium of $9,500 while the other quoted $10,500. Not a negligible difference, but one that an organization can be expected to tolerate.

The Forty-barrel-bull schools are larger than the harem schools. Like a mob of young collegians, they are full of fight, fun, and wickedness, tumbling round the world at such a reckless, rollicking rate, that no prudent underwriter would insure them any more than he would a riotous lad at Yale or Harvard. They soon relinquish this turbulence though, and when about three-fourths grown, break up, and separately go about in quest of settlements, that is, harems.

Look at a coin from your pocket. On one side is "heads" - the symbol of the political authority which minted the coin; on the other side is "tails" - the precise specification of the amount the coin is worth as payment in exchange. One side reminds us that states underwrite currencies and the money is originally a relation between persons in society, a token perhaps. The other reveals the coin as a thing, capable of entering into definite relations with other things.

The prophet proclaims that God cannot be identified with the status quo - however shiny, powerful, immortal, or divine that status quo may appear. The principalities and powers will always seek to capture and enslave God in an attempt to use the name of God to underwrite current power arrangements. To go against the status quo, declare the powers, is to go against God. Religion in this instance becomes another fear-based cudgel, wielded to protect the interests of the principalities and powers and those who currently benefit from business as usual, thus aiding in their success and survival. Consequently, before proclamation to human captives can be made - freedom to those being oppressed by current power arrangements - the prophet must dare to proclaim that God is not the spokesperson for the status quo, but rather stands outside the system - free - to speak a word of judgment. When the freedom of God is proclaimed, when God is outside the system and free to bring a word of indictment against us, the capacity is created to speak on behalf of the marginalized and the disfranchised in the name of God. Being free, God can now be for the weak and the least of these over against those at the top of current power arrangements. This was the real shock at the heart of Moses’s prophetic utterance to Pharaoh— that God was on the side of the slaves and stood with them over against the divinely ordained power and authority of Egypt.

Even with the bundling and splitting of tranches, Wall Street needed more mortgage borrowers, so it created the subprime market. These were loans to borrowers who did not meet the underwriting standards set forth by the GSEs, or “prime” loans. Subprime borrowers were riskier borrowers, either because they had fewer assets, lower credit score, or lower incomes. But in finance, higher risk is rewarded with higher yield, so mortgage brokers made even higher premiums from subprime loans.

Robert Lehman—who often told his partners, “I bet on people”—made Lehman the driving financial force behind RCA and the birth of television, TWA, Pan Am, Hertz, several Hollywood studios, and various department store and oil and rubber giants. Lehman Brothers was at the epicenter of those business forces that have shaped not just the American economy but the American culture as well. By 1967 the House of Lehman was responsible for $3.5 billion in underwriting. In volume, Lehman was among the top four investment banks.

Our noise audit found much greater differences. By our measure, the median difference in underwriting was 55%, about five times as large as was expected by most people, including the company’s executives. This result means, for instance, that when one underwriter sets a premium at $9,500, the other does not set it at $10,500—but instead quotes $16,700. For claims adjusters, the median ratio was 43%. We stress that these results are medians: in half the pairs of cases, the difference between the two judgments was even larger.

Many professional judgments are nonverifiable. Barring egregious errors, underwriters will never know, for instance, whether a particular policy was overpriced or underpriced. Other forecasts may be nonverifiable because they are conditional. “If we go to war, we will be crushed” is an important prediction, but it is likely to remain untested (we hope). Or forecasts may be too long term for the professionals who make them to be brought to account—like, for instance, an estimate of mean temperatures by the end of the twenty-first century.

The truth was that history—and in Indochina we were on the wrong side of it—was a hard taskmaster and from the early to the middle sixties, when we were making those fateful decisions, we had almost no choices left. Our options had been steadily closing down since 1946, when the French Indochina War began. That was when we had the most options, and the greatest element of choice. But we had granted, however reluctantly, the French the right to return and impose their will on the Vietnamese by force; and by 1950, caught up increasingly in our own global vision of anti-Communism, we chose not to see this war as primarily a colonial/anticolonial war, and we had begun to underwrite most of the French costs. Where our money went our rhetoric soon followed. We adjusted our public statements, and much of our journalism, to make it seem as if this was a war of Communists against anti-Communists, instead, as the people of Vietnam might have seen it, a war of a colonial power against an indigenous nationalist force. By the time the Kennedy-Johnson team arrived and started talking about all their options, like it or not (and they did not even want to think about it) they had in fact almost no options at all.

Why were you up at five a.m. anyway?" "I run in the mornigns," she said without looking up. "At five a.m.?" "Yes," she said as she typed, as if that weren't insane. "Fuck. Every day?" "Sundays I do yoga." "Jesus. Why?" "I can't think clearly otherwise," she said, then looked up and admitted, "and I don't want to get fat.

Because the other way wasn’t working. The waking up just to get the day over with until it was time for bed. The grinding it out was a disgrace, an affront to the honor and long shot of being alive at all. The ghost-walking, the short-tempered distraction, the hurried fog. (All of this I’m just assuming, because I have no idea how I come across, my consciousness is that underground, like a toad in winter.) The leaving the world a worse place just by being in it. The blindness to the destruction in my wake. The Mr. Magoo. If I’m forced to be honest, here’s an account of how I left the world last week: worse, worse, better, worse, same, worse, same. Not an inventory to make one swell with pride. I don’t necessarily need to make the world a better place, mind you. Today, I will live by the Hippocratic oath: first do no harm. How hard can it be? Dropping off Timby, having my poetry lesson (my favorite part of life!), taking a yoga class, eating lunch with Sydney Madsen, whom I can’t stand but at least I can check her off the list (more on that later), picking up Timby, and giving back to Joe, the underwriter of all this mad abundance. You’re trying to figure out, why the agita surrounding one normal day of white-people problems? Because there’s me and there’s the beast in me.

Pi, Phi, Mistiphy. Where does One go when One Loves All? One goes inward. It is only by going inward that one can radiate all-encompassing love to all species. Inwardly loving → Radiating Love Outwardly = The Harmony of the World. God is closer than we think. Rewind and you will find the answers to all our questions in the harmony of our very own nature which happens to be the very same nature that underwrites all life on this planet. This is why we are predestined to come together as one as we already are and always will be (in reality) one. Not loving one another is an illusion. Earth's song happens to be the universal mother tongue; Love!

What counts as religious or secular in any given context is a function of different configurations of power. The question then becomes why such essentialist constructions are so common. I argue that, in what are called "Western" societies, the attempt to create a transhistorical and transcultural concept of religion that is essentially prone to violence is one of the foundational legitimating myths of the liberal nation-state. The myth of religious violence helps to construct and marginalise a religious other, prone to fanaticism, to contrast with the rational, peace-keeping, secular subject. This myth can and is used in domestic politics to legitimate the marginalisation of certain types of practices and groups labeled religious, while underwriting the nation-state's monopoly on its citizens' willingness to sacrifice and kill. In foreign policy, the myth of religious violence serves to cast nonsecular social orders, especially Muslim societies, in the role of the villain. THEY have not yet learned to remove the dangerous influence of religion from political life. THEIR violence is therefore irrational and fanatical. OUR violence, being secular, is rational, peace making, and sometimes regrettably necessary to contain their violence. We find ourselves obliged to bomb them into liberal democracy.

In a remarkable book called Rites of Spring: The Great War and the Birth of the Modern Age, the historian Modris Eksteins anatomizes the metabolism of the sentimentality that underwrites Keynes’s embrace of guilt as an instrument of policy. Eksteins shows how sentimentality and a species of extravagant mythmaking mark the points of contact between avant-garde culture and burgeoning totalitarianism. This was especially true in Germany, the country that had advanced the radical program of the avant-garde most enthusiastically. England, by contrast, was a conservative power. Where Germany started the war to transform the world, England fought the war to preserve a world and the culture that defined it. A key difference lies in the aestheticization of life: treating life, that is to say, as if it were a work of art devoid of human reality. On the continent, as the historian Carl Schorske put it in his classic study offin-de-siècle Vienna, “the usual moralistic culture of the European bourgeoisie was . . . both overlaid and undermined by an amoral Gef ühlskultur [sentimental culture].” This revolution in sensibility amounted to a crisis of morality—what the novelist Hermann Broch called a “value vacuum”—that quickly precipitated a crisis in liberal cultural and political life. “Narcissism and a hypertrophy of the life of feeling were the consequence,” Schorske wrote.

It was not always the case, of course, that navies paid for themselves. In wartime, costs often exceeded revenues, and those deficits grew over time as fleets and armies got bigger. But this was hardly an insurmountable obstacle for the most dynamic economies in the world. The United Provinces and England were able to borrow all they needed to underwrite their defense budgets. The pressures of war gave a powerful impetus to the growth of stocks, bonds, loans, and paper currencies during the late seventeenth and early eighteenth centuries and helped to turn Amsterdam and then London into international financial centers. To take one example, the Bank of England was established in 1694 to raise funds to allow England to wage war against France.

From 2000, Fannie and Freddie’s appetite for sub-prime loans increased markedly every year, encouraging a rich harvest of increasingly crazy loans by mortgage originators to supply this appetite. House-builders, lenders, mortgage brokers, Wall Street underwriters, legal firms, housing charities and pressure groups like ACORN all benefited. Taxpayers did not. By the early 2000s, Fannie and Freddie were well intertwined with politicians, donating rich campaign contributions especially to Congressional Democrats, and giving rewarding jobs to politicians – Clinton’s former Budget Director Franklin Raines would pocket $100 million from his brief spell in charge of Fannie. Between 1998 and 2008, Fannie and Freddie spent $175 million lobbying Congress.

There are Christians whose three cardinal doctrines are (1) once saved always saved; (2) perfection on earth is impossible; (3) my future sins are already forgiven. These are less of a doctrinal system and more of a plan for excusing carnality. This kind of Christianity is matched by its evil opposite, which holds three truths to be scripturally evident above all else: (1) faith without works is dead; (2) nobody goes to heaven without true holiness; (3) we have free will. These are less of a doctrinal system and more of a declaration of intent to pursue righteousness by works. Any of these propositions might underwrite a healthy life of faith if placed in their proper contexts. But taken by themselves, or combined with other emphases that reinforce their dangers without balancing them out, they are disastrous.

The public offering occurred exactly one week after Toy Story’s opening. Jobs had gambled that the movie would be successful, and the risky bet paid off, big-time. As with the Apple IPO, a celebration was planned at the San Francisco office of the lead underwriter at 7 a.m., when the shares were to go on sale. The plan had originally been for the first shares to be offered at about $14, to be sure they would sell. Jobs insisted on pricing them at $22, which would give the company more money if the offering was a success. It was, beyond even his wildest hopes. It exceeded Netscape as the biggest IPO of the year. In the first half hour, the stock shot up to $45, and trading had to be delayed because there were too many buy orders. It then went up even further, to $49, before settling back to close the day at $39. Earlier that year Jobs had been hoping to find a buyer for Pixar that would let him merely recoup the $50 million he had put in. By the end of the day the shares he had retained—80% of the company—were worth more than twenty times that, an astonishing $1.2 billion. That was about five times what he’d made when Apple went public in 1980.

Tim Finnegan’s Wake by Dr. Thom Dedalus When God reeled in good auld Tim Finnegan, And looked into his green Irish peepers, Said He, “Now, what was I thinkin’? Poor lad, he ain’t one of the keepers.” To hell Tim descended without any fear, To the devil, whom not much is lost on, Said he, “I’m sure you’ll be comfortable here, Among all your old friends from South Boston.” Tim’s jokes night and day caused Satan to swear, As migraines crept behind blood red eyelids, “An eternity with you is just too much to bear. You’re going home to your wife and your nine kids.” So up pops Tim at his wake from his casket. “It can’t be,” went a howl from his wife. When he belched the sea from his own breadbasket, Said she, “Someone, hand me a knife.” Now Tim’s fishing off George’s Banks Catching codfish, haddock and hake. The happiest folk in town to give thanks, Is John Hancock for Finnegan’s wake. Finn’s now a legend among life underwriters, In Beantown and all over the States. In him beats the heart of a fighter. Sad to hear how they increased his rates. Finn’s tale is best told with a dram of Jameson. You’re entitled to whatever sense you can make. Just cause you’re dead, it don’t mean you’re gone. You may take comfort in Finnegan’s wake.

It is always wise to retrace One's steps before getting lost in translation. It is said that dark energy is a mysterious force that underwrites the universe. Now I Am certain of the following. Yes. Dark matter is Self. Yes. Dark energy is Self. Self turns itself into Light out of the darkness. So it is. Out of the darkness Oneself turns itself into Light. It must be said that Self prefers to associate itself with Light. Ultimately however, even the words 'dark' & 'light' are abstractions. Why? Here's Why. All that is here is Self. Self is One. Oneself Is. Naturally there is no division. Division is as real as a mirage in the desert. Self perceives itself as itself. Diversity is Self-perceived for Companionship. Companionship being synonymous with Love. Perhaps Self could name the above Self-Interpretation the Eigen-Interpretation, better yet, the Wassermann-Interpretation for after all; it has dawned upon Self that Self itself is and that otherness is merely Self perceiving otherness not to be alone, to experience Companionship, to Love and Be Loved in return. As such the Age of Aquarius is Now otherwise known as Self. None of the above matters for all that matter's Love. Love is the purpose of Life, there is no purpose but Love. So Love, let us Love.

To oversee all the details yourself in person; to be at once pilot and captain, and owner and underwriter; to buy and sell and keep the accounts; to read every letter received, and write or read every letter sent; to superintend the discharge of imports night and day; to be upon many parts of the coast almost at the same time—often the richest freight will be discharged upon a Jersey shore;—to be your own telegraph, unweariedly sweeping the horizon, speaking all passing vessels bound coastwise; to keep up a steady despatch of commodities, for the supply of such a distant and exorbitant market; to keep yourself informed of the state of the markets, prospects of war and peace everywhere, and anticipate the tendencies of trade and civilization—taking advantage of the results of all exploring expeditions, using new passages and all improvements in navigation;—charts to be studied, the position of reefs and new lights and buoys to be ascertained, and ever, and ever, the logarithmic tables to be corrected, for by the error of some calculator the vessel often splits upon a rock that should have reached a friendly pier—there is the untold fate of La Prouse;—universal science to be kept pace with, studying the lives of all great discoverers and navigators, great adventurers and merchants, from Hanno and the Phoenicians down to our day; in fine, account of stock to be taken from time to time, to know how you stand.

When we talk about finding or having found our soul mate (if we do), we do not believe ourselves to be immersed in the capitalist economy. But this is an even more important terrain for capitalism than the convenience store where we buy a soda and candy bar or the stock exchange floor where companies are financed. The idea of the soul mate plays a crucial role in the promulgation of consumption. If I believe that a perfect commodity exists in the romantic field, this changes my relationship to all commodities. Commodities become more attractive insofar as each one stands in for the perfect partner. Though a hammer at the hardware store most likely cannot function as my soul mate, I will find more pleasure in purchasing it with the idea of an ideal commodity informing the purchase, and this is what the soul mate provides. That is to say, the idea of the soul mate underwrites all consumption within the capitalist universe. The soul mate is the commodity in the form of the subject’s complement. This is why the idea of the soul mate has such importance for capitalism. The subject experiences itself as lacking whenever it desires, and no object can fill this lack. But the promise of the soul mate is the promise of completion, an object that would complement the lacking subject perfectly and thereby ameliorate its lack. No such complement exists outside of ideological fantasies, but capitalism requires subjects who invest themselves in such fantasies.

In exchange for some wide-ranging modifications demanded by the socialist government to the church’s 1929 concordat, Italy agreed to underwrite the remainder of the $406 million settlement.53 The changes to the concordat would have once been unthinkable. The church dropped its insistence that Roman Catholicism be the state religion. Moving forward, the state had to confirm church-annulled marriages. Parents were given the right to opt their children out of formerly mandatory religious education classes. And Rome was no longer considered a “sacred city,” a classification that had allowed the Vatican to keep out strip clubs and the porn industry. Italy even managed to get the church to relinquish control of the Jewish catacombs. “The new concordat is another example of the diminishing hold of the Roman Catholic church in civil life in Italy,” noted The New York Times.54 In return, Italy instituted an“eight-per-thousand” tax, in which 0.8 percent of the income tax paid by ordinary Italians was distributed to one of twelve religious organizations recognized by the state. During its early years, nearly 90 percent of the tax went to the Catholic Church (by 2010, the church received less than 50 percent as the tax was more equitably distributed). Not only did the tax relieve Italy of its responsibility for the $135 million annual subsidy it paid for the country’s 35,000 priests, it meant the church had a steady and reliable source of much needed income.55

Innovation and disruption are ideas that originated in the arena of business but which have since been applied to arenas whose values and goals are remote from the values and goals of business. People aren’t disk drives. Public schools, colleges and universities, churches, museums, and many hospitals, all of which have been subjected to disruptive innovation, have revenues and expenses and infrastructures, but they aren’t industries in the same way that manufacturers of hard-disk drives or truck engines or drygoods are industries. Journalism isn’t an industry in that sense, either. Doctors have obligations to their patients, teachers to their students, pastors to their congregations, curators to the public, and journalists to their readers--obligations that lie outside the realm of earnings, and are fundamentally different from the obligations that a business executive has to employees, partners, and investors. Historically, institutions like museums, hospitals, schools, and universities have been supported by patronage, donations made by individuals or funding from church or state. The press has generally supported itself by charging subscribers and selling advertising. (Underwriting by corporations and foundations is a funding source of more recent vintage.) Charging for admission, membership, subscriptions and, for some, earning profits are similarities these institutions have with businesses. Still, that doesn’t make them industries, which turn things into commodities and sell them for gain.

Oh, it’s perfectly safe to handle if somebody else has triggered the curse and you took it from their still-smoking body.” Eve paused. “Or if they sold it to you.” “You bought it, didn’t you?” Imp walked towards her. “Didn’t you?” “I think so. I may have screwed up that side of things,” Eve admitted. “It’s unclear.” “What’s unclear?” “It was up for auction: obvs, right? But it’s not clear that the person auctioning the location of the manuscript actually owned what they were selling, that’s the thing. Also, ancient death spells and intellectual property law don’t always play nice together. I, uh, my boss has a standard procedure he has me follow in cases of handling blackmail and extortion. We pay the ransom, then once we’ve destroyed the threat I repossess the payment from the blackmailer’s bank account. Via a Transnistrian mafiya underwriter—” This time it was Wendy who interrupted: “The Russian mafiya has underwriters?” “Transnistrian, please, and yes, criminal business models are inherently expensive because they have to pay for their own guard labor—there are no tax overheads, but no police protection for carrying out business, either—so of course they evolved parallel structures for risk management, mostly by embedding the risk in a concrete slab and dumping it in the harbor—anyway. At what stage does the book consider itself to have been legitimately acquired? And by whom? Is it safe for you to handle it, as my employee? What about as an independent freelance contractor not subject to the HMRC IR35 regulations? Am I an acceptable proxy for Bigge Enterprises, a Scottish Limited Liability Partnership domiciled in the Channel Islands, in the view of a particularly dim-witted nineteenth-century death spell attached to a codex bound in human skin by a mad inquisitor? It’s like digital rights management magic, only worse.

some small counting house on the coast, in some Salem harbor, will be fixture enough. You will export such articles as the country affords, purely native products, much ice and pine timber and a little granite, always in native bottoms. These will be good ventures. To oversee all the details yourself in person; to be at once pilot and captain, and owner and underwriter; to buy and sell and keep the accounts; to read every letter received, and write or read every letter sent; to superintend the discharge of imports night and day; to be upon many parts of the coast almost at the same time—often the richest freight will be discharged upon a Jersey shore;—to be your own telegraph, unweariedly sweeping the horizon, speaking all passing vessels bound coastwise; to keep up a steady despatch of commodities, for the supply of such a distant and exorbitant market; to keep yourself informed of the state of the markets, prospects of war and peace everywhere, and anticipate the tendencies of trade and civilization—taking advantage of the results of all exploring expeditions, using new passages and all improvements in navigation;—charts to be studied, the position of reefs and new lights and buoys to be ascertained, and ever, and ever, the logarithmic tables to be corrected, for by the error of some calculator the vessel often splits upon a rock that should have reached a friendly pier—there is the untold fate of La Prouse;—universal science to be kept pace with, studying the lives of all great discoverers and navigators, great adventurers and merchants, from Hanno and the Phoenicians down to our day; in fine, account of stock to be taken from time to time, to know how you stand. It is a labor to task the faculties of a man—such problems of profit and loss, of interest, of tare and tret, and gauging of all kinds in it, as demand a universal knowledge. I have thought that Walden Pond would be a good place for business, not solely on account of the railroad and the ice trade; it offers advantages which it may not be good policy to divulge; it is a good port and a good foundation. No Neva marshes to be filled; though you must everywhere build on piles of your own driving. It is said that a flood-tide, with a westerly wind, and ice in the Neva, would sweep St. Petersburg from the face of the earth. As this business was to be entered into without the usual capital, it may not be easy to conjecture where those means, that will still be indispensable to every such undertaking, were to be obtained.

Our incomplete knowledge of physical reality enriches our human experiences by maintaining its novelty, its unanticipated outcomes, its newness. It allows us each to live our lives as a great adventure. What sense of satisfaction would a scientist derive from inquiry if the laws of physics were all clearly revealed as part of the act of creation. What joy would there be in searching for buried treasure if you knew all along where you hid it? It’s the mystery that underwrites the joy of discovery.” —Bernard Haisch, The God Theory

1. The conglomerate movement, “with all its fancy rhetoric about synergism and leverage.” 2. Accountants who played footsie with stock-promoting managements by certifying earnings that weren’t earnings at all. 3. “Modern” corporate treasurers who looked upon their company pension funds as new-found profit centers and pressured their investment advisers into speculating with them. 4. Investment advisers who massacred clients’ portfolios because they were trying to make good on the over-promises that they had made to attract the business. 5. The new breed of investment managers who bought and churned the worst collection of new issues and other junk in history, and the underwriters who made fortunes bringing them out. 6. Elements of the financial press which promoted into new investment geniuses a group of neophytes who didn’t even have the first requisite for managing other people’s money—namely, a sense of responsibility. 7. The securities salesmen who peddle the items with the best stories—or the biggest markups—even though such issues were totally unsuited to the customers’ needs. 8. The sanctimonious partners of major investment houses who wrung their hands over all these shameless happenings while they deployed an army of untrained salesmen to forage among even less trained investors. 9. Mutual fund managers who tried to become millionaires overnight by using every gimmick imaginable to manufacture their own paper performance. 10. Portfolio managers who collected bonanza incentives of the “heads I win, tails you lose” kind, which made them fortunes in the bull market but turned the portfolios they managed into disasters in the bear market. 11. Security analysts who forgot about their professional ethics to become storytellers and let their institutions be taken in by a whole parade of confidence men. This was the “list of horrors that people in our field did to set the stage for the greatest blood bath in forty years,

Jack said he’d make some calls to the bank and Global Underwriters.

Equity Capital Markets was known for being where pretty, but not pretty enough for Investor Relations, girls and guys who couldn’t cut it in other groups landed.

Firm commitment. One percent fee. Target date May eighth.” “One percent?” Todd voiced Tara’s own reaction. These deals usually went for six to seven percent, a point or two higher when there was a firm commitment, which meant the bank was responsible for buying any shares that didn’t sell in the initial float. How had Harvey agreed to those terms, and how had Todd not known?

Last summer, after Groupon selected Goldman Sachs, Morgan Stanley, and Credit Suisse to underwrite its initial public offering, the trio valued Groupon at a generous $30 billion. Subsequent accounting and disclosure problems showed this estimate to be absurdly high. But the banks didn’t care a whit. The higher the valuation, the fatter their fees.

The Lord Jesus has set His suffering life before us as an underwriting for us to copy by tracing that He may be reproduced in us [1 Pet. 2:20-21]. This is spiritual xeroxing: Christ Himself is the original copy, the Spirit is the light, the divine life is the ink, and we are the paper for Christ to be reproduced in us. While we are bearing sorrows, suffering unjustly, we experience the grace of God, enjoying the motivation of the divine life within us and its expression in our life, that in our behavior we may become a reproduction of Christ, suffering as He suffered and living as He lived. This is God’s calling us to the suffering of Christ. God has called us also for the purpose that we may obtain the glory of the Lord Jesus Christ (2 Thes. 2:14). Man was created in the image of God and after the likeness of God that man might contain God and express God. After man sinned and fell, God’s original purpose in creating man was lost; man could no longer contain or express God. God, however, accomplished redemption for man, and He called His chosen ones unto salvation in sanctification of the Spirit and belief of the truth that they might obtain the glory of the Lord Jesus Christ (2 Thes. 2:13-14). The glory of the Lord Jesus Christ is that Christ is the Son of God the Father, possessing the Father’s life and nature to express Him. To obtain the glory of Christ is to be in the same position as sons of God to express Him.

In the fog of history and myth, the American role in championing and underwriting European integration is frequently forgotten, along with the resistance of the Europeans.

One of their most famous coups was underwriting a $10 million loan for a growing mail-order house called Sears, Roebuck, headed by Goldman's distant relative. It was the first time a mail-order security had ever been on the market-a calculated risk, but one that paid off.

What God is doing may be mystery, but who God is is not. So faith can remain itself and retain its integrity by suspending judgment. Jesus underwrites such faith when he promises, “I am the light of the world. No follower of mine shall wander in the dark.”9 He does not say we will never walk in the dark, but that we do not wander in the dark or have a way of life at home in darkness. To anyone not knowing the anguish of such a situation, the distinction may sound trivial—the darkness appears as dark and the dilemma as agonizing. But neither is ultimate, for the outcome lies with God.

Understandably, given public anger at bailouts, support had been gathering from both the right and the left for breaking up the largest institutions. There were also calls to reinstate the Depression-era Glass-Steagall law, which Congress had repealed in 1999. Glass-Steagall had prohibited the combination within a single firm of commercial banking (mortgage and business lending, for example) and investment banking (such as bond underwriting). The repeal of Glass-Steagall had opened the door to the creation of “financial supermarkets,” large and complex firms that offered both commercial and investment banking services. The lack of a new Glass-Steagall provision in the administration’s plan seemed to me particularly easy to defend. A Glass-Steagall–type statute would have offered little benefit during the crisis—and in fact would have prevented the acquisition of Bear Stearns by JPMorgan and of Merrill Lynch by Bank of America, steps that helped stabilize the two endangered investment banks. More importantly, most of the institutions that became emblematic of the crisis would have faced similar problems even if Glass-Steagall had remained in effect. Wachovia and Washington Mutual, by and large, got into trouble the same way banks had gotten into trouble for generations—by making bad loans. On the other hand, Bear Stearns and Lehman Brothers were traditional Wall Street investment firms with minimal involvement in commercial banking. Glass-Steagall would not have meaningfully changed the permissible activities of any of these firms. An exception, perhaps, was Citigroup—the banking, securities, and insurance conglomerate whose formation in 1998 had lent impetus to the repeal of Glass-Steagall. With that law still in place, Citi likely could not have become as large and complex as it did. I agreed with the administration’s decision not to revive Glass-Steagall. The decision not to propose breaking up some of the largest institutions seemed to me a closer call. The truth is that we don’t have a very good understanding of the economic benefits of size in banking. No doubt, the largest firms’ profitability is enhanced to some degree by their political influence and markets’ perception that the government will protect them from collapse, which gives them an advantage over smaller firms. And a firm’s size contributes to the risk that it poses to the financial system. But surely size also has a positive economic value—for example, in the ability of a large firm to offer a wide range of services or to operate at sufficient scale to efficiently serve global nonfinancial companies. Arbitrary limits on size would risk destroying that economic value while sending jobs and profits to foreign competitors. Moreover, the size of a financial firm is far from the only factor that determines whether it poses a systemic risk. For example, Bear Stearns, which was only a quarter the size of the firm that acquired it, JPMorgan Chase, wasn’t too big to fail; it was too interconnected to fail. And severe financial crises can occur even when most financial institutions are small.

In the most capital-intensive industry, automobiles, peak economy of scale was achieved at a level of production equivalent to 3-6% of market share.84 And even this level of output is required only because annual model changes (which arguably wouldn't pay for themselves without state capitalist subsidies) require an auto plant to wear out the dies for a run of production in a single year. Otherwise, peak economy of scale would be reached in a plant with an output of only 60,000 per year.85   In any case, these figures relate only to productive economy of scale. Increased distribution costs begin to offset increased economies of production, according to Borsodi's law, long before peak productive economy of scale is reached. According to an F.M. Scherer study cited by Adams and Brock, a plant producing at one-third the maximum efficiency level of output would experience only a 5% increase in unit costs.86 This is more than offset by reduced shipping costs for a smaller market.   The point of this digression is that the size of existing firms reflects the role of the state in subsidizing increased size by underwriting the inefficiencies of corporate gigantism--as Rothbard pointed out, the ways "our corporate state uses the coercive taxing power either to accumulate corporate capital or to lower corporate costs."87 A genuine free market economy would be vastly less centralized, with production primarily for local markets.

Countrywide was an early adopter of information technology to process applications. By the mid-1990s, fully 70 percent of loans passing through its automated underwriting system required no human intervention.

The Lord Jesus has set His suffering life before us as an underwriting for us to copy by tracing that He may be reproduced in us [1 Pet. 2:20-21].

Rothschild houses had capital in excess of £35 million on the eve of the First World War, all of it family money; it was the job of the partners to manage this huge portfolio. A large part of it they held in the form of European government bonds, the most secure form of investment and also the kind of security the Rothschilds knew best, since they had long been the principal underwriters for new bond issues on the London market. They, more than anyone, stood to lose in the event of a European war, not least because such a war would almost certainly divide the three houses, pitting Paris and perhaps also London against Vienna. Yet the outbreak of war caught them almost entirely by surprise.

The pressure on life businesses and the capital fears prompted by the 2008 crisis have prompted the industry to build bigger capital cushions and cut costs. This has left insurers in a relatively good position. Investors have enjoyed decent dividends with payouts increasing by a cumulative 70% since 2009, according to FactSet. For shareholders, the risks to returns from life insurance have, so far, been balanced by earnings from nonlife insurance and asset management. Germany’s Allianz has U.S. bond house Pacific Investment Management Co. and nonlife insurance businesses, like property and casualty cover, around the world. Pimco has done well as interest rates declined and bond prices rose, but is expected to suffer once rates rise again—especially since founder Bill Gross walked out. France’s Axa similarly has global nonlife businesses and a large investment manager. However, these businesses ultimately will suffer from low investment returns. In nonlife, insurers can combat this with tougher underwriting standards. But demand for property-type insurance also suffers in a slower economy. Allianz has the lowest financial leverage of the big-three eurozone life insurers, and so has more flexibility to look for higher returns abroad. It also has a substantial general insurance business in the U.S., where rates should head higher sooner, and a higher expected dividend yield than France’s Axa or Italy’s Generali for this year and next.

Power relations among new people and existing owners evolve, but always as politics. Activists and unions in Los Angeles once fought off a Walmart successfully. It is not biological evolution if Walmarts grow when planted. It’s the struggle of history. Joan Didion left California, sold to McDonald’s, and chose to re-zone the ranch. Her brother, whom she worked with to do this, was a powerful lobbyist for the National Realty Committee during the time when such lobbyists pushed to deregulate mortgage underwriting. He participated in the lead-up to the crisis in mortgage-backed securities in 2008. Powerful land-owning families play a role in how we build our cities, how we claim and imagine the land. I wanted Didion to cop to her role in the process.

The Netscape offering changed that equation. Originally, Netscape planned to sell 3.5 million shares to the public at $14 each, a price that valued the company at about $500 million. Given that Netscape had posted only $17 million in sales—sales, not profits—during the previous six months, a half-billion-dollar valuation seemed highly optimistic. But not to investors looking for the next you-know-what. Netscape’s roadshows were mobbed; tech geeks who had never before bought a stock wanted to own the Navigator. One technology stock analyst said getting a session with Netscape’s management before the offering “was like getting a one-on-one with God.”3 With demand overwhelming, Netscape and Morgan Stanley, its underwriter, increased both the size and price of the offering, eventually selling 5 million shares at $28. Still, demand far outstripped supply; investors placed orders for 100 million shares, and Morgan Stanley had to decide which clients to favor with the limited number of shares it had available. “They don’t get any hotter than this,” the Journal reported the morning that Netscape opened for trading. With so much unmet demand, it was obvious that Netscape would begin trading far above the $28 offering. After struggling for hours to set a price, the Nasdaq’s market makers finally opened Netscape at $71 per share. It rose as high as $75 before settling back to end the day at $58.25. At that price the company was valued at more than $2 billion—one hundred times its trailing sales.

Most big retail firms sell you notes that have substantial commissions, underwriting fees, and distributions fees; all of these will take away from your potential upside. Accessing structured notes through a sophisticated, expert fiduciary (a registered investment advisor) will typically have those fees removed because a fiduciary charges a flat advisory fee. And by stripping out those fees, performance goes up.

both the conservative and liberal church, the so-called private and public church, are basically accommodationist (that is, Constantinian) in their social ethic. Both assume wrongly that the American church’s primary social task is to underwrite American democracy.

exclusive private club—the big investment banks and fund houses that get shares at the initial (or “underwriting”) price, before the stock begins public trading. The biggest “run-ups” often occur in stocks so small that even many big investors can’t get any shares; there just aren’t enough to go around.

Evictions in the ApproveShield database are refreshed daily from local courts, which means Managers and Operators of multifamily real estate can reduce their underwriting risk by more than 80% with a quick search. ApproveShield currently protects communities in Texas, Atlanta, Florida, South Carolina, and Ohio and is rapidly expanding through the southeast as demand has continued to increase.

China, Russia, and even genuine democracies like Brazil, India, and South Africa still operated on different principles. For the BRICS, responsible foreign policy meant tending to one’s own affairs. They abided by the established rules only insofar as their own interests were advanced, out of necessity rather than conviction, and they appeared happy to violate them when they thought they could get away with it. If they assisted another country, they preferred to do so on a bilateral basis, expecting some benefit in return. These nations certainly felt no obligation to underwrite the system as a whole. As far as they were concerned, that was a luxury only a fat and happy West could afford. —

Genes are the units of inheritance, the things that are selected by nature to be carried into the future. Nature sees the physical manifestation of a gene – the phenotype – and as a result of that trait enhancing survival, the DNA underwriting it succeeds, and is passed on down the generations. Genes are the templates on which our lives are built.

In London, Lloyd’s underwriters settled $2,500,000 in insurance liability. In the end the Ward Line collected $4,188,999 in insurance. The line sold the Morro Castle to Union Shipbuilding of Baltimore for $33,605 as scrap iron.

Up-front investment to try to professionalize the supply side early on in a network’s development inevitably comes with risk. In a well-publicized misstep for Uber, the company sought to expand its supply side by financing vehicles to provide cars to potential drivers who didn’t own vehicles, a program called XChange Leasing. The hypothesis was that this should push these drivers into power-driver territory quickly. Payments could be automatically deducted from their Uber earnings, and their driver ratings and trip data could be used to underwrite the loans. XChange Leasing unfortunately lost $525 million and failed to professionalize the driver side of the market. The problem was, it attracted drivers highly motivated by money—usually a positive—but who didn’t have high credit scores for good reason. They often failed to make payments, using their Uber-provided car to drive for competitors and avoid the automatic deductions. They would steal the cars and sell them for, say, half price. They would drive for Lyft instead of Uber, as a way to avoid the automatic payment deductions—they would try to have their cake and eat it, too. Uber needed to organize a massive repossession effort to get the cars back, but it was too late—many had been sold illegally, some finding themselves as far away as Iraq and Afghanistan, GPS devices still attached and running. This is a colorful example of how scaling the supply side, when a lot of capital is involved, can be tricky.

The pragmatic mood is already visible in the Odyssey. The poem opens with Odysseus living on a remote island ruled by a nymph who offers him immortality if he will remain as her consort. A bit surprisingly to anyone steeped in the orthodox Western religio-philosophical-scientific tradition, he refuses, preferring mortality and a dangerous struggle to regain his position as the king of a small, rocky island and be reunited with his son, aging wife, and old father. He turns down what the orthodox tradition says we should desire above all else, the peace that comes from overcoming the transience and vicissitudes of mortality, whether that peace takes the form of personal immortality or of communing with eternal verities, moral or scientific—in either case ushering us to the still point of the turning world. Odysseus prefers going to arriving, struggle to rest, exploring to achieving—curiosity is one of his most marked traits—and risk to certainty. The Odyssey situates Calypso’s enchanted isle in the far west, the land of the setting sun, and describes the isle in images redolent of death. In contrast, Odysseus’s arrival at his own island, far to the east, a land of the rising sun, is depicted in imagery suggestive of rebirth. Another thing that is odd about the protagonist, and the implicit values, of the Odyssey from the orthodox standpoint is that Odysseus is not a conventional hero, the kind depicted in the Iliad. He is strong, brave, and skillful in fighting, but he is no Achilles (who had a divine mother) or even Ajax; and he relies on guile, trickery, and outright deception to a degree inconsistent with what we have come to think of as heroism or with its depiction in the Iliad. His dominant trait is skill in coping with his environment rather than ability to impose himself upon it by brute force. He is the most intelligent person in the Odyssey but his intelligence is thoroughly practical, adaptive. Unlike Achilles in the Iliad, who is given to reflection, notably about the heroic ethic itself, Odysseus is pragmatic. He is an instrumental reasoner rather than a speculative one. He is also, it is true, distinctly pious, a trait that the Odyssey harps on and modern readers tend to overlook. But piety in Homeric religion is a coping mechanism. Homeric religion is proto-scientific; it is an attempt to understand and control the natural world. The gods personify nature and men manipulate it by “using” the gods in the proper way. One sacrifices to them in order to purchase their intervention in one’s affairs—this is religion as magic, the ancestor of modern technology—and also to obtain clues to what is going to happen next; this is the predictive use of religion and corresponds to modern science. The gods’ own rivalries, mirroring (in Homeric thought, personifying or causing) the violent clash of the forces of nature, prevent human beings from perfecting their control over the environment. By the same token, these rivalries underscore the dynamic and competitive character of human existence and the unrealism of supposing that peace and permanence, a safe and static life, are man’s lot. Odysseus’s piety has nothing to do with loving God as creator or redeemer, or as the name, site, metaphysical underwriter, or repository of the eternal or the unchanging, or of absolutes (such as omniscience and omnipotence) and universals (numbers, words, concepts). Odysseus’s piety is pragmatic because his religion is naturalistic—is simply the most efficacious means known to his society for controlling the environment, just as science and technology are the most efficacious means by which modern people control their environment.

He has a country house in Surrey, a daughter to educate and launch into Society, a wife to keep. He has kept pace for twenty years with an American millionaire, underwriting his own expeditions. What if he has gone to the well once too often?

The truth that emerged was that Norton Warburg had been siphoning off funds from their investments company, an apparently gilt-edged set-up, to underwrite the disastrous venture capital side, all those skateboards, pizzas and dodgy cars. Eventually the company founder Andrew Warburg fled to Spain, returning to England in 1982, where he was arrested, charged, and served three years. A lot of people lost their money. Because Norton Warburg had been approved by reputable organisations such as American Express and the Bank of England many people had put their entire life savings or pensions in.

No one is morally “worthy” of the body and blood of Christ, so no one is unworthy to come to his feast! But Paul writes that we can come “in an unworthy manner” (1 Cor. 11:27). His critique of the Corinthians was not that they were unworthy people but that they came to the table in an unworthy way—turning the table of unity into a table of division. If the church underwrites the class divisions of the world, the Founder of the church will judge us, for that is coming in an unworthy manner. That said, coming to the table is intended to be in and of itself an act of repentance: if you are humble and hungry, you are eligible. The table brings healing, hope, and cleansing. The invitation to the table—as John Wesley rightly understood—can and should be synonymous with the invitation to salvation!

The originating cause - loneliness - matters not as much as the underwriting purpose - love.

Facebook-like” social media platform with public service as its underlying theme, and without the corporate ownership, profit seeking, human farming backing and underwriting.

The massacre of African American worshippers by a Lutheran white supremacist is not an isolated incident perpetuated randomly by a madman; It is, rather, the harvest from the seeds of racism that white Christians allowed to flourish within a culture that saw itself as God's ideal civilization, even while condoning and theologically underwriting white Christian terrorism.

Genes are the units of inheritance, the things that are selected by nature to be carried into the future. Nature sees the physical manifestation of a gene—the phenotype—and as a result of that trait enhancing survival, the DNA underwriting it succeeds, and is passed on down the generations. Genes are the templates on which our lives are built.

The analysts feel immense pressure to recommend the stocks of companies that their firm underwrites, or whose underwriting business they are seeking. Analysts are frequently threatened with discipline, or worse, for making unfavorable recommendations about such companies, and their recommendations are laced with euphemisms such as “outperform,” “accumulate,” or “hold.” Because it may anger a potential underwriting client, the word “sell” does not seem to be in their vocabulary.

Stronger regulation and supervision aimed at problems with underwriting practices and lenders’ risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.

Our incomplete knowledge of physical reality enriches our human experiences by maintaining its novelty, its unanticipated outcomes, its newness. It allows us each to live our lives as a great adventure. What sense of satisfaction would a scientist derive from inquiry if the laws of physics were all clearly revealed as part of the act of creation. What joy would there be in searching for buried treasure if you knew all along where you hid it? It’s the mystery that underwrites the joy of discovery.” —Bernard Haisch, The God Theory “If you were God, could you possibly dream up any more educational, contrasted, thrilling, beautiful, tantalizing world than Earth? If you think you could, do you imagine you would be outdoing Earth if you designed a world free of germs, diseases, poisons, pains, malice, explosives, and conflicts so its people could relax and enjoy it? Would you, in other words, try to make the world nice and safe—or would you let it be provocative, dangerous, and exciting?” —Guy Murchie, The Seven Mysteries of Life: An Exploration of Science and Philosophy “The origin of the universe is the exact opposite of random. Our lives are the exact opposite of pointless. It is not matter that creates an illusion of consciousness, but consciousness that creates an illusion of matter. —Bernard Haisch, The God Theory

The majority of the “health-care dollar” expended in the United States does not benefit patients. So many highticket items that are trumpeted as the triumphs of U.S. medicine are little more than a scam.16 Spine surgery for regional low back pain has earned this ignominy. The first priority for reform in the care of the health of the American is to stop underwriting the profitably useless. We have the science to do so.

scientific research, one that underwrites every single aspect of the life sciences. “Nothing in biology makes sense except in the light of evolution,