I find odd the view that a Government institution is better placed to evaluate "the technical and financial viability" of a project than a commercial bank. It may well be that our banks are deficient in the kind of expertize required for assessing projects but then what we should be doing is encouraging banks to acquire such expertize or to make use of outside, commercial, expertize. I do not believe in any case that a Government machine can provide a reliable judgement on such matters, an opinion the banking members of the committee appear to have shared, for they have prudently refused to commit themselves to accepting its advice. I myself tend to mistrust the judgement of anyone not involved in the actual process of risktaking.
John James CowperthwaiteRelated topics
advice anyone appear assessing bank banking believe case commercial commit committee deficient encouraging find government institution kind opinion outside project reliable should technical use viability view well judgement projectsRelated quotes
In case of actual danger, the social democracy banks not on the "Iron Front" but on the Prussian police. It is reckoning without its host! The fact that the police was originally recruited in large numbers from among social-democratic workers is absolutely meaningless. Consciousness is determined by environment even in this instance. The worker who becomes a policeman in the service of the capitalist state, is a bourgeois cop, not a worker. Of late years, these policemen have had to do much more fighting with revolutionary workers than with Nazi students. Such training does not fail to leave its effects. And above all: every policeman knows that though governments may change, the police remains.
Leon Trotsky
The spread, both in and width and depth, of the multifarious branches of knowledge by during the last hundred odd years has confronted us with a queer dilemma. We feel clearly that we are only now beginning to acquire reliable material for welding together the sum total of all that is known into a whole; but, on the other hand, it has become next to impossible for a single mind fully to command more than a small specialized portion of it. I can see no other escape from this dilemma (lest our true who aim be lost for ever) than that some of us should venture to embark on a synthesis of facts and theories, albeit with second-hand and incomplete knowledge of some of them -and at the risk of making fools of ourselves.
Erwin Schrödinger
The schooling system we have in the Western world is crazy – you're taken away from your parents at your most impressionable age and fed a load of bullshit and lies manipulated to make you think that the way we live in the West is stable and moral, when really it's neither. You come out of school with a one-track mind based on financial success; you're encouraged to become enslaved to the banking system. In school, I always felt, ‘Something's not right here' and I'm starting to find out what it is. Being outside of the norm gives you freedom of thought and that's something being suppressed in school and the media. If you have freedom of thought you get labeled as a crazy person or someone strange.
Matthew Bellamy
The most successful behaviour-liars are those who, instead of consciously concentrating on modifying specific signals, think themselves into the basic mood they wish to convey and then let the small details take care of themselves. This method is frequently used with great success by professional liars, such as actors and actresses. Their entire working lives are spent performing behavioural lies, a process which can sometimes be extremely damaging to their private lives. Politicians and diplomats are also required to perform an undue amount of behavioural lying, but unlike the actors they are not socially 'licensed to lie', and the resultant guilt feelings tend to interfere with their performances. Also, unlike the actors, they do not undergo prolonged training courses.
Desmond Morris
It was the FLP that was committed to reducing the cost of doing business and started by lowering the cost of utilities, and requested the commercial banks and lending organizations to reduce their fees, charges and interest rates. The FLP also moved to reduce public expenditure, which saw a saving of $96 million in its year in office. It was also the FLP, which lowered interest in Housing Authority home loans from 12 per cent to 6 per cent for those on lower incomes. It was the aggregate effect of this and a range of other measures of tight fiscal control, investment in key growth areas and a firm hand on curbing corruption that saw the economy record an unprecedented growth of 9.6% in 1999.
Mahendra Chaudhry