“I supported Barack Obama originally. I supported him for reelection and the alternative of a Mitt Romney is very, very clear to everybody. And I think the president has done a good job in a number of areas. But one area that has concerned me from day one has been his reliance on Wall Street type people in terms of financial matters.” PeopleThinkingHas BeensMatterDoneJobsPresidentTermNumbersClearStreetsWallTypeAreasConcernedFinancialBarackAlternativesGood JobRelianceRomneyReelection Author:Bernie Sanders
“Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it was two years ago. But in lending the differences are still very large, and in some countries the credit flow is disrupted.” YearsStillsTwoCountryDifferencesCostEuropeAreasYears AgoFlowFinancialCreditWideTwo YearsGapsFundingEuroLendingFragmentedFinancial SystemTwo Years Ago Author:Mario Draghi
“We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.” ThinkingWorldNeedsLooksThreeOpportunitySocialCenturyMissingIndustryReturnDiversityAreasFinancialProfitExtremesEnormousFinanceZeroEntityReverseSpectrumAstonishingNon ProfitSocial Entrepreneurship Author:Bill Drayton
“When we were negotiating the ongoing financial period in 2013, I talked myself hoarse. London and Berlin in particular insisted on reducing the budget. So we - to the applause of German journalists - made cuts to central future-oriented areas and slashed the budget for development aid, research and technology.” MadeTechnologyCuttingParticularDevelopmentPeriodsResearchAreasFinancialLondonAidsJournalistBudgetsOngoingApplauseReducingBerlinNegotiatingDevelopment Aid Author:Martin Schulz
“Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.” GovernmentDangerousProductsFitAreasStressInnovationFinancialWeatherDescriptionAssetsCollapseTestedSunnyMortgageStatureStormySunny DayStormy Weather Author:Seth Klarman
“Green is not just about renewable energy. It's also about creating a new direction for the whole economy. This requires government to step up, not step back, creating the kinds of mission-oriented public organizations that will enable us to tackle climate change - as ambitious as those that got us to the moon. It also requires the financial sector to be less short-term since we know that short-term finance has distorted incentives and directions in areas like biotechnology.” KnowsKindWholeGovernmentEnergyTermStepsEconomyMoonCreatingAreasOrganizationGreenClimateClimate ChangeFinancialMissionsFinanceAmbitiousIncentivesShort TermStep UpRenewable EnergyNew DirectionsBiotechnology Author:Mariana Mazzucato
“My grandmother's grandparents were slaves. My grandmother Big Mama would tell me about the stories she heard as a child growing up in the shadows of a North Carolina plantation. It's only been in my lifetime that blacks have had the right to vote, live in certain areas or hold certain jobs. It is with this black history that I write about the financial challenges African-Americans still have.” WritingChildrenStillsStoriesBigsJobsCertainBlackChallengesGrowing UpGrowingHeardShadowAreasVoteSlaveLifetimeFinancialAfrican AmericanGrandmotherGrandparentMy GrandmotherBlack HistoryMamaCarolinaRight To VoteNorth CarolinaPlantationsChildren Growing UpGrowing ChildrenBig Mama Author:Michelle Singletary
“Besides my professional goals, I have a couple of private ones, my man. One of those is to pet a kangaroo before I leave Australia. I understand there's lots of Eastern Grays around this area. What do you say? Are you in?' Bergman looked at him like he'd just made the worst financial investment of his life. 'Kangaroos are wild animals. I've heard they claw like girl fighters and kick like jackhammers. You're going to get your skull crushed.' Cole held up a finger. 'Or I'm going to pet a kangaroo. How cool would that be?” MenMadeGirlGoalAnimalHeardWorstCoupleAreasInvestmentFingersFinancialFighterKicksPetAustraliaEasternCrushedSkullsClawsWild AnimalBergmanKangaroosFinancial Investment Author:Jennifer Rardin
“Now the main areas of higher education that still enjoy considerable financial support from government are subjects like engineering and science and the research ringfence which is the basic minimum to protect Britain's scientific competitiveness.” StillsGovernmentEnjoySupportSubjectsHigherProtectResearchAreasFinancialBritainEngineeringMinimumHigher EducationCompetitivenessFinancial Support Author:Vince Cable