In abandoning the understanding that things – services, goods, wars, and houses – have costs, we risk becoming infantilised, incapable of making decisions about government or finance, and perhaps above all about the environment, the wellbeing of the planet upon which we depend and which our children will inherit from us.
I think we need to rethink a lot of business skills. In finance, for example, social impact bonds are potentially a way of providing capital for investments that save the public money in a context in which government often doesn’t invest in things that would save it money.
The special sphere of finance within economics is the study of allocation and deployment of economic resources, both spatially and across time, in an uncertain environment. To capture the influence and interaction of time and uncertainty effectively requires sophisticated mathematical and computational tools.
And at a relatively early age, ten or so, I invested my first share of stock. And I used to follow, look at companies and so forth. But throughout the whole period, and indeed right through my college years, while I was involved in the stock market, always interested in finance, I never thought of it as a full-time job.
What I’m primarily responsible for is products. Everything is developed with my personal involvement. Second is client communication. Everything to do with product and consumer is my primary focus. I also deal with everything which relates to investment and partnership. Distribution, finance, administration, I don’t do.
In the West, if a city faces financial difficulties, it’ll go bankrupt. But in China, cities will be subsidised by the Ministry of Finance. So some small- and medium-sized cities aren’t worried about going bankrupt. They figure the central government will help them out.
There’s a big difference between France and the U.S. In the U.S., immigrants must work to live. In France, they’re taken care of by public finances. In France, there are millions of unemployed people already. We cannot house them, give them health care, education… finance people who keep coming and coming.
I think that, in addition of the intersection of media and technology, there has also been an intersection between technology and finance, which is something I find a little closer to home, seeing as I spend so much time covering Wall Street banks.
Climate change joined immigration, job creation, food safety, pilot training, veterans’ care, campaign finance, transportation security, labor law, mine safety, wildfire management, and scores of executive and judicial appointments on the list of matters that the world’s greatest deliberative body is incapable of addressing.
Any constitutional amendment that simply gives Congress the option of regulating campaign finance fails to immediately achieve what the American people want, and that is a complete reversal of Citizens United and other Supreme Court decisions that have allowed corporations and the wealthy few to drown out the voices of everyday voters.
The Obama Justice Department has decided to cease the prosecution of the Muslim Brotherhood’s U.S.-based front groups, identified as unindicted coconspirators in the Holy Land Foundation case – the largest terrorism finance case in U.S. history.
During my administration, we’ve welcomed a broad and diverse group of industries to New Mexico, including high-tech and traditional manufacturing, health care, information technology and finance. Some are homegrown New Mexico companies; others are global leaders in their industries.
Argentina has decided to take its place in the global landscape. We need important companies of the world to finance and construct roads, ports, waterways, energy, trains. We’re a huge country that only depends on trucks today. It’s impossible.
There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.
When you think of Yahoo, they had a shot to be what Vox is doing, in terms of taking content and distribution, and really focusing on news, sports, finance – the things that uniquely Yahoo was really terrific at – and really build that whole flywheel.
I know how to finance something. It’s easier today because, as you’re more successful, everybody wants to do deals with you. But even in the beginning, when I took Landry’s public, I owned 100 percent of it. I never had investors or anything. I was just always able to find a way to do it.
From the RBI side, the fake Indian currency note is an important issue that needed to be addressed. The other collateral benefits from this, in terms of greater accountability, better public finance, more transparency, are, by definition, areas that take time to fully play out.
I wasn’t always interested in technology. I had been a student for a long time – I’d earned a bachelor’s degree, a law degree, and an MBA – and decided that I wanted to work in a large corporation, focusing on finance and law, in either New York or Chicago.
By developing deep learning solutions that are faster, easier, and less expensive to use, Nervana is democratizing deep learning and fueling advances in medical diagnostics, image and speech recognition, genomics, agriculture, finance, and eventually across all industries.
By lowering the barrier to create new digital currency applications, we’ll see an explosion in the number of ideas tried. We’ll invest in, partner with, or build a number of new applications in this space, including replacements for many of the services people use in finance 1.0.
The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking institutions to ensure their safety and soundness, and more broadly for the stability of the financial system.
The Fed’s organization reflects a long-standing desire in American history to ensure that power over our nation’s monetary policy and financial system is not concentrated in a few hands, whether in Washington or in high finance or in any single group or constituency.
I am all for trying to teach household finance in schools, starting as early as possible. And when it comes to high school, I think learning about compound interest is at least as important as trigonometry or memorizing the names of all 50 state capitals.
It’s hard to have any idea of how much money is enough to finance an appropriate lifestyle in retirement. But if a lump sum is translated into a monthly income, it’s much easier to determine whether you have enough put away to afford to stop working.
Investigating some of the largest subprime lenders – Wells Fargo, Countrywide, Ameriquest, Household Finance – I’ve seen how their terrible, toxic loans were closed by any means necessary and eventually packaged, sold as securities, and bet upon until they exploded and decimated our economy.
