" . . . what's required is not just advice, but the financial wherewithal to make that happen."
-- Goldman Sachs Chairman Lloyd Blankfein, remarks at the Deals and Deal Makers conference at the New York Stock Exchange, June 2007
“The late Rudi Dornbusch was fond of remarking that in economics 'things take longer to happen than you think they will and then they happen faster than you thought they could.' ” -- Lawrence H. Summers on The State of the U.S. Economy address to The Brookings Institute, December 19, 2007
"Mr. Blinder says he agreed with Mr. Mankiw's point that the economics of trade are the same however imports are delivered."
...
"One thing about bureaucracies is that when you walk out the door,
you really never existed." -- Brad Garrett
...
“It just happened to migrate from being false to being true.” -- Google co-founder Sergey Brin [on the appearance of internet browser "Chrome"]
“Would 15 or 16 Trichets be outperforming one Trichet? I don’t think so. Personally, I really think one Trichet is enough, by the way.” -- Jean-Claude Juncker
If these nationalizations smack of socialism, it is closer to the Marxism of Groucho than of Karl. --Floyd Norris
First impressions may be important, but subsequent ones count for a lot. -- Randall Forsyth
...
"Politics isn't just knowing how to deal with your enemies. It's also about knowing how to deal effectively with friends when you can't give them want they want." -- Joseph Dear
...
i"... it takes little soul to reshuffle text someone else has written." -- Julie Hilden
"Without a fair tribunal for enforcement, constitutional rights are nothing but empty
unenforceable words on an old piece of paper." -- Scott Huminski
"The strength of the United States is not the gold at Fort Knox or the weapons of mass destruction that we have, but the sum total of the education and the character of our people." -- Claiborne Pell
''You cannot rely on the scars of past crises to ensure against practices that will lead to future crises.''
"How [could the bank executive] make
a call about conflicting out the lawyer of the bank, who happened to
have also given advice that he didn't like?" Also, he adds, the
rationale in the adviser's memo made no sense. Not only was [the bank executive]
represented by his own lawyers, "the general counsel is not the
personal lawyer of the president," ... "The general counsel is
the lawyer for the institution."-- Roberto Dañino
"It was another day to go to work, and try to play and play well."
-- #66, Ray Nitschke
"That's what you work all season for, to get into the playoff games, and you don't want to blow it."
-- #66, Ray Nitschke
"We had a great record in our post-season games. We lost the first (championship) and never lost another." -- #66, Ray Nitschke
More quotes from #66, Ray Nitschke here.
"I think it was the preparation and every thing
Lombardi represented, you know, about hard work and that every game was
important. So when you get to the real important games, you were ready
to go.
" -- #66, Ray Nitschke 
"Truth is so obscure in these times, and falsehood so established, that, unless we love the truth, we cannot know it. "
-- Blaise Pascal
"Law in general is human reason, inasmuch as it governs all the inhabitants of the earth: the political and civil laws of each nation ought to be only the particular cases in which human reason is applied."
-- Charles-Louis de Secondat, Baron de La Brède et de Montesquieu
“The obvious solution to this problem is to provide the aircraft with redundant backup systems,. . . On the other hand, the more systems, the more maintenance and in effect, the lesser the reliability, as the probability of components failing is n-times the probability of one component failing.”
-- F-18 Fly-by-Wire [computer-mediated aircraft controls] manual
It ain't what you don't know that gets you into trouble. It's what you know for sure
that just ain't so. -- Mark Twain
It is curious that physical courage should be so common in the world and moral courage so rare. -- Mark Twain
"It was another day to go to work, and try to play and play well."
-- #66, Ray Nitschke
"That's what you work all season for, to get into the playoff games, and you don't want to blow it."
-- #66, Ray Nitschke
"We had a great record in our post-season games. We lost the first (championship) and never lost another."
--#66, Ray Nitschke
Service to others is the rent you pay for your room here on earth.
"Don’t they have unemployment insurance in New York City?
Can also give him a little SIV to take home …"
We're against the tide, with the wind in our face
With the Great Divide and a goal to chase
And if I don't survive, will you stay on the case
And will you testify in my place?
So bring on the storm
And bring on the rain
When we're against the tide
That's the time when we're on the top of our game
-- The Kinks, Against The Tide
http://www.seeklyrics.com/lyrics/Kinks/Against-The-Tide.html
Louie louie, oh baby, I gotta go.
Yi-yi-yi-yi-yi
Louie louie, oh baby, I gotta go.
--
Richard Berry (and as sung by the Kingsmen and the Kinks)
http://www.louielouie.net/pix-2007/louie-comic-blog-03/LL-comicblog-3-2.jpg
“I like to hold them and look at them.”
-- Henry M. Paulson Jr. discussing snakes with an interviewer
http://nyobserver.com/20060605/20060605_Sheelah_Kolhatkar_pageone_newsstory5.asp
More quotes from Henry Paulson Jr. here.
PHOTO: Vice Premier Wu Yi of China and Treasury Secretary Henry M. Paulson Jr.
at the U.S.-China Strategic Economic Dialogue
in Washington on Tuesday May 22, 2007http://en.wikipedia.org/wiki/Wu_Yi
May 23 (Bloomberg) -- American and Chinese officials ended two days of talks with agreements on financial services and aviation. Paulson said China will lift a freeze on foreign firms entering its securities industry and allow overseas banks to offer yuan-denominated credit and debit cards. China will also increase the quota allotted to approved international investors for the purchase of stocks usually reserved for domestic buyers. Chinese Vice Premier Wu Yi said in her closing remarks that ``China and the U.S. need to work on improving the relationship through consultation and dialogue, instead of easily resorting to threats and sanctions.'' The talks produced ``concrete results,'' she said.
###
"... think back fifty years. Think of Deputy Treasury
Secretary Harry Dexter White, and of John Maynard Keynes, his
partner in the round of organizing conferences and decisions that
set in place the framework for the international economy that
set in motion the best decades the world economy has ever seen.
I think of a toast that Keynes offered, I believe in Charleston
SC, in the company of a group of Treasury officials and others
almost exactly fifty years ago.
Keynes saw economics as a service profession--"rather like
dentists," was the phrase he used in his essay on "Economic
Possibilities for Our Grandchildren". If there is something
wrong with your teeth, you go to a dentist, and he or she fixes
things. If there is something wrong with your economy, you go
to an economist, and he or she...
Well, the analogy does break down...
" --- Brad DeLong, May 24, 1005
"Not in a hundred years. . . . In your dreams.
. . . Here, the past always buries the future, not the other way around." -- Thomas L. Friedman, 2008
You're no good
You're no good
You're no good
Baby you're no good
I'm gonna say it again
You're no good
You're no good
You're no good
Baby you're no good
Barry Ritholtz says : Thank goodness I have a lot of math, cause thru the clever use of differential equations, I can calculate that the Fed has only four more Shock and Awe 75 bps cuts, plus a Shock (but no Awe) 50 bp left.
See SPORTS "Title V" for Venus payout
http://online.wsj.com/article/SB123214588361091677.html?mod=rss_whats_news_us
"You can't solve the overall economic problem if you can't get the financial institutions lending again," said Martin Feldstein, an economist {and former NBER chief} who has consulted with the new Democratic majority on Capitol Hill and is former head of the Council of Economic Advisors under President Ronald Reagan. "And you can't do that as long as they don't know what the value [of their troubled assets] is, particularly the residential mortgage-backed securities and derivatives based on them."
SP: Filmmaking requires a certain amount of conflict ... it just does. You are trying to push a giant boulder up a hill. You are attempting the impossible with way too little money and way too little time, even if you have the ideal situation, which I think I did on this film. So it requires you as a filmmaker to really state what you want and what you need and to be unafraid of making everything OK all the time. I think it's my nature to make everyone feel good all the time. But generally I feel like those little tiny moments of conflict, where you have to ask for something that is difficult to get, I found really, really complicated and at odds with. -- Sarah Polley, Film Director
More quotes from Sarah here
"Truth is so obscure in these times, and falsehood so established, that, unless we love the truth, we cannot know it. "
-- Blaise Pascal
"Law in general is human reason, inasmuch as it governs all the inhabitants of the earth: the political and civil laws of each nation ought to be only the particular cases in which human reason is applied."
-- Charles-Louis de Secondat, Baron de La Brède et de Montesquieu
WSJ to Tracey Ullman: "You seem to have good timing with networks. You were one of Fox's first hits, then went to HBO and are now at Showtime just as it is becoming known for its original content."
Ms. Ullman: "Right. I'm going to do the QVC next, I think. I think we can incorporate selling stuff with some eclectic stuff. Who knows?"
“There’s always a tension between what can be said,
what should be said
and what must be said,”
-- Edward Widmer, historian at Brown University
Tess Harding: [In the stands at the
ballpark, observing the large crowd in attendance]
Are all these people unemployed?
Sam Craig: No, they're all attending their grandmother's funeral.
Tess Harding: [attending a baseball game]
You mean our paper sends two people to cover the game?
Phil Whittaker: No, I cover the game, he just kicks it around in his column.
Tess Harding: We've got only one man at Vichy...
Sam Craig:Vichy, are they still in the league?
-- Woman of the Year (1942 film)
James "Patterson urged her to think of life as a game in which we juggle five balls labeled Work, Family, Health, Friends and Integrity." ... “One day you understand Work is a rubber ball. You drop it and it bounces back,” Mr. Patterson is quoted as saying. “The other four balls are made of glass. Drop one of those, and it will be irrevocably marked, scuffed, nicked and maybe even shattered.”
BabaWawa (Gildna Radnor): Mawene, what is it wike to be wiving wegend?
Mawene (Dietrich, played by Madeleine Kahn): Wet me just say, it's been a weawy wich expewience.
BabaWawa: I'm so impwessed. Mawene.. you are so with and swender. How do you stay so swim?
Mawene: Swimming keeps me swim. My daily wegimen incwudes swimming twelve waps in my pool. It's wonderful for my wegs. full interview
"Even if you're on the right track, you'll get run over if you just sit there."
“None of us is as smart as all of us.”
-- Robert Beyster, founder of SAIC
Auda abu Tayi: I am Auda abu Tayi! Does Auda serve?
Howeitat tribesmen: NO.
Auda abu Tayi: Does Auda abu Tayi serve?
Howeitat tribesmen: NO.
Auda abu Tayi: [to Lawrence] I carry twenty-three great wounds, all got in battle. Seventy-five men have I killed with my own hands in battle. I scatter, I burn my enemies' tents. I take away their flocks and herds. The Turks pay me a golden treasure, yet I am poor! Because *I* am a river to my people.
T.E. Lawrence: My friends, we have been foolish. Auda will not come to Aqaba. Not for money...
Auda abu Tayi: No.
T.E. Lawrence: ...for Feisal...
Auda abu Tayi: No.
T.E. Lawrence: ...nor to drive away the Turks. He will come... because it is his pleasure.
Auda abu Tayi: Thy mother mated with a scorpion.
-- Lawrence of Arabia Movie
"I haven't got a heart: only the former site of one, with a monument there to
say that it has been removed and the area it occupied turned into a public
garden, in pursuance of the slum-clearance scheme." -- T.E. Lawrence in a letter to Lady Astor, 19 January 1930
Layla
by Eric Clapton and Jim Gordon
What'll you do when you get lonely
And nobody's waiting by your side?
You've been running and hiding much too long.
You know it's just your foolish pride.
Layla, you've got me on my knees.
Layla, I'm begging, darling please.
Layla, darling won't you ease my worried mind.
I tried to give you consolation
When your old man had let you down.
Like a fool, I fell in love with you,
Turned my whole world upside down.
Layla, you've got me on my knees.
Layla, I'm begging, darling please.
Layla, darling won't you ease my worried mind.
Let's make the best of the situation
Before I finally go insane.
Please don't say we'll never find a way
And tell me all my love's in vain.
Layla, you've got me on my knees.
Layla, I'm begging, darling please.
Layla, darling won't you ease my worried mind.
Layla, you've got me on my knees.
Layla, I'm begging, darling please.
Layla, darling won't you ease my worried mind.
I Love How You Love Me
I love how your eyes close whenever you kiss me
And when I'm away from you I love how you miss me
I love the way you always treat me tenderly
But, darling, most of all I love how you love me
Love how you love me
I love how your heart beats whenever I hold you
I love how you think of me without being told to
I love the way your touch is always heavenly
But, darling, most of all I love how you love me
Love how you love me
THE PARIS SISTERS, 1961 (by Larry Kolber and Barry Mann)
Bobby Vinton, 1968
So open up your morning light,
And say a little prayer for right
You know that if we are to stay alive
Then see the love in every eye...
I have watched you in the garden
Dirty hands shining skin
A smile that says you're glad to see me
Sighs for sadness where I've been
No need to worry 'bout protection
I hold the shield that is your spell
Let me help you with the weeding
I'm glad I know you well
Just one smile from you,
A million others will not do.
I will be in love with you,
I'll be in love with you.
Victoria Brescoll, a researcher at Yale, made headlines this August with her findings that while men gain stature and clout by expressing anger, women who express it are seen as being out of control ...
Why is it OK to say such horrible things about a woman? People feel they can be misogynists, and that's OK." -- Erika Wikkala, head of a Pittsburgh public-relations firm
"What if one of these 38,000 guys is someone you, as a woman, have to go to and negotiate a raise?" -- Heather Arnet
The author and poet Maya Angelou once said: “I don't believe the accident of birth makes people sisters or brothers. It makes them siblings. Gives them mutuality of parentage. Sisterhood and brotherhood is a condition people have to work at.”
Rescue me
Oh take me in your arms
Rescue me
I want your tender charms
'Coz I'm lonely and I'm blue
I need you and your love too
Come on and rescue me
Come on baby and rescue me
Come on baby and rescue me
'Coz I need you, by my side
Can't you see that I'm lonely
Rescue me
Come on and take my heart
Take your love and conquer every part
'Coz I'm lonely and I'm blue
I need you and your love too
Come on and rescue me
Come on baby and rescue me
Come on baby and rescue me
'Coz I need you by my side
Can't you see that I'm lonely
Rescue me
Oh take me in your arms
Rescue me
I want your tender charms
'Coz I'm lonely and I'm blue
I need you and your love too
Come on and rescue me
Come on baby, take me baby, hold me baby, love me baby
Can't you see that I need you baby
Can't you see that I'm lonely
Rescue me
Come on and take my hand
Come on baby and be my man
Cuz I love you cuz I want you
Can't you see that I'm lonely?
take me baby
love me baby
need me baby
Can't you see that I'm lonely?
rescue me, rescue me.......
Aretha "Respect" Franklin singing
"It was another day to go to work, and try to play and play well."
-- #66, Ray Nitschke
The toughest guy I ever played against was Ray Nitschke. I mean, I played against Butkus a couple of times but Ray and I were friends, it was different. We had such a great rivalry with Green Bay. He was a physical, tough guy and he was a great football player. And he was one of the main reasons the Packers won those championships. So, I would say that if I had to pick one guy, it would be Ray Nitscke.
-- NFL Hall of Famer Mike Ditka
Domaine des Aubuisières/Bernard Fouquet Vouvray Cuvée de Silex 2007, $16.99
Rich and lively with minerals and a touch of honey. (Importer: Weygandt-Metzler, Unionville, Pa.)
Bernard Baudry Chinon Les Granges 2006, $17.99
Pliant and fruity with a healthy dollop of earth. (Louis/Dressner Selections, New York)
Pierre Chermette Domaine du Vissoux Beaujolais 2007, $14.99
Pale, pure, absolutely dry and refreshing. Textbook Beaujolais. (Weygandt-Metzler)
Clos Roche Blanche Touraine Cuvée Gamay 2007, $15.99
Juicy and minerally; my Thanksgiving wine for crowds. (Louis/Dressner Selections)
Marc Kreydenweiss Costières de Nîmes Perrières 2005, $15.99
Felicitous combination of fruit, funk and earth. (Wilson Daniels, St. Helena, Calif.)
Marc Ollivier Domaine de la Pépière Muscadet Sèvre et Maine 2007, $12.99
All texture and tanginess, not extravagant fruit. (Louis/Dressner Selections)
Château d’Orschwihr Alsace Riesling Bollenberg 2006, $18.99
A dry Alsace nod to earth and flowers. (T. Edward Wines, New York)
Thierry Puzelat Touraine KO In Côt We Trust 2006, $19.99
Loire malbec, gorgeous, pure and delicious. (Louis/Dressner Selections)
Domaine Rimbert St.-Chinian Les Travers de Marceau 2006, $13.99
Light, juicy, floral and tangy. (Jenny & François/U.S.A. Wine Imports, New York)
MIT Economics Department
Athey: John Bates Clark Medal Winner
From Alex Edman's Quotes Page at MIT:
You can find a million and one excuses in life if you want to. I like the excuse “it is my fault, I am going to do something about it”.
-- Stuart Pearce
To laugh often and much;
To win the respect of intelligent people and the affection of children;
To earn the appreciation of honest critics and endure the betrayal of false friends;
To appreciate beauty;
To find the best in others;
To leave the world a bit better, whether by a healthy child, a garden patch, or a redeemed social condition;
To know even one life has breathed easier because you have lived;
That is to have succeeded.
-- Ralph Waldo Emerson
I can always go back to being a shepherd, the boy thought. I learned how to care for sheep, and I haven't forgotten how that's done. But maybe I'll never have another chance to get to the Pyramids in Egypt.
-- The Alchemist - Paolo Coelho
He still had some doubts about the decision he had made. But he was able to understand one thing: making a decision was only the beginning of things. When someone makes a decision, he is really diving into a strong current that will carry him to places he had never dreamed of when he first made the decision.
-- The Alchemist - Paolo Coelho ### "unless Paul Krugman has 60 Senate votes in his back pocket, we cannot get there now." -- Brad DeLong Another MIT-trained Economist Wins a Nobel: Rudiger Dornbusch's PhD student Krugman http://www.bloomberg.com/apps/news?pid=20601086&sid=aNCqWxn5QMwU&refer=latin_america Krugman's Princeton Tops Harvard in Economics Nobels (Correct)
By Oliver Staley and Terrence Dopp (Corrects the ninth paragraph to remove erroneous reference
to Eugene O'Neill.) Oct. 14 (Bloomberg) -- Princeton University faculty has won
a pair of Nobel Memorial Prizes in economics in two years,
following the award won yesterday by Paul Krugman and by Eric
Maskin in 2007. Krugman's Nobel, which follows last year's prize shared by
Maskin, an economist at Princeton's Institute for Advanced
Study, was the 11th given to professors on the school's faculty
at the time of the award, according to the Nobel Foundation's
Web site. That trails the 31 won by the faculty of Harvard
University. California Institute of Technology, Columbia
University, the Massachusetts Institute of Technology and
Stanford University are tied for second with 17. Krugman's award, announced yesterday, adds luster to a
Princeton department where U.S. Federal Reserve Chairman Ben S.
Bernanke taught from 1985 to 2002 and former Federal Reserve
vice-chairman Alan Blinder has been on the faculty since 1982.
John Forbes Nash, a Princeton mathematician and the subject of
the 2001 movie ``A Beautiful Mind,'' won a Nobel in economics in
1994. ``Person for person, this is the finest economics
department in the world and I'm happy to be a part of it,''
Krugman said in an interview at a reception yesterday on the
Princeton campus. Krugman, 55, who also writes a column for the New York
Times, has been on the Princeton faculty since 2000 where his
classes are a popular draw. Krugman's award gives Princeton five
in economics, second in the U.S. to the University of Chicago's
10 in the field and surpassing Harvard's four. Will Durbin, 29, a second-year masters degree candidate in
the public affairs department, says he sat in on a three-hour
seminar where Krugman made a 45-minute presentation and then
allowed students to ``pick his brain.'' `Brilliant' ``The guy is brilliant, that's why people took his class,''
said Durbin, interviewed at the reception in honor of Krugman
held at the Woodrow Wilson School of Public and International
Affairs on the Princeton campus. Princeton, founded in 1746, is the fourth-oldest
institution of higher learning in the U.S. It was tied for first
for nine years in U.S. News & World Report's best college
rankings until Harvard, in Cambridge, Massachusetts, pushed it
back to second this year. Princeton claims a total of 31 Nobel Prize winners among
its alumni and past and present faculty. Among them are Toni
Morrison, the author and faculty member who won the 1993 prize
for literature, and former U.S. President Woodrow Wilson, a 1879
graduate who won the Nobel Peace prize in 1919. University of Cambridge On Oct. 8, Osamu Shimomura, who was on the Princeton
faculty from 1960 to 1982, won the Nobel Prize in chemistry. The most Nobels are claimed by the University of Cambridge
in the U.K., with 83 Nobel among alumni and faculty, the school
said on its Web site. It is followed by the University of
Chicago, with 82; Massachusetts Institute of Technology in
Cambridge, with 73, and Columbia University in New York with 72.
California Institute of Technology, in Pasadena, also has 31. A list of Nobel Prize winning alumni at Harvard was not
available, spokesman B.D. Colen said. University of Chicago professors have won 10 Nobel prizes
in economics, followed by Princeton's five, according to the
Nobel Foundation. Faculty at Harvard, Columbia, and the
University of California, Berkeley, have each won four. Christina Paxson, chair of Princeton's economics
department, said in an interview the university won't gloat over
the victory. The list of worthy candidates is so long when
schools such as Harvard and University of Chicago are factored
in. ``It's a great honor and it's wonderful,'' Paxson said,
holding a champagne flute in her hand at the reception toasting
Krugman. ``It's good for us. It helps attract graduate students.
And it just helps raise the profile of our program.'' To contact the reporter on this story:
Oliver Staley in New York at
ostaley@bloomberg.net.
Mother Has 12-Year-Old Son Arrested for Opening Christmas Gift Early
Young Praise Junkies, Be Cautioned:
R.I. Christmas tree spared from death sentence
http://www.nasd.com/ArbitrationMediation/Mediation/MediationSettlementEvents/NASDW_01132
Northeast Region 165 Broadway, NY NY 10006 tel (212) 858-4359
USAO CONNECTICUT USAO NEW YORK SDNY
A Letter from the Inside: Buddy Reaches Out Feb 22A sampling of Forbes magazine's "richest Americans" have identical happiness scores ... not to mention the Masai.
