A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account...
There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't c...
Oh, and 13.1 million American people had their homes foreclosed. Because their debt, it turns out, was real; it was only the debt within the financial sector that was imaginary. It was only the people who generated the crisis who got three magical wi...
It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're makin...
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers.
Ray would be in trouble, he would get drunk, he would try and kill J.R on three different occasions, he would make mistakes with financial affairs, and have various human problems, but he didn't have any mean bones in his body! That was a little bit ...
Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.
Financial regulation is the next item on the political horizon, and it doesn't have to be the deathly dull wonk-battle that it sounds like. In fact, if the Democrats do their job, it can just as easily become a platform for addressing the greatest is...
If we are going to be able to create a new economic vision, companies will need to rethink every aspect of their operations; their bottom lines, ownership structures, demands on financial returns, how they raise capital. For example, an ethical compa...
I never had any financial support or sponsors, and so I always had to, at every level, prove myself the hard way. I was five years in Japan before I got my debut at Le Mans. And I think this is a humble way to get through as a racing driver.
Starting with the highest-risk countries, and focusing on the route to Britain that is widely abused, student visas, we will increase the number of interviews to considerably more than 100,000, starting next financial year. From there, we will extend...
It's easy to complain that pharmaceutical companies place profits over people and apparently care more about hair loss than TB. However, many in the pharmaceutical industry would be glad for the opportunity to reorient their research toward medicines...
From the comfort of distance, [Non resident Indians and Kashmiris] financially and emotionally support ideologies whose consequence they don’t have to face. They are not just a nuisance. As a collective they are dangerous. When men capable of murde...
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you al...
If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and ...
I've been able to help my family financially since making my first hit record. I bought my parents a house. My husband and I have a property in Portugal and one in Mumbles, Wales, and my family are always coming out to visit us. It has been fantastic...
Several companies have explicit policies against cronyism, with good reason. Hiring a family member simply for a relationship can be troubling and may not necessarily serve a company's interests. But by and large, financial firms in particular common...
Most everything I do on a creative level is beyond the fame and money. I sort of work as an actor... and take care of my family and mouths to feed and all of that. I don't really care about fame, but our business means money sometimes and financial s...
Since 1994, lawmakers on both sides of the aisle have considered it politically risky to offer a plan to fix America's broken health care system. The American public, though, has paid the price for this silence as health care costs skyrocketed, milli...
What we have seen in financial markets should bring home to us all that the central organising principle of this 21st century is interdependence. For the century just past, interdependence may have been one option among many. For the century that is ...
You know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing pl...
