“It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.” HardUseHomeGovernmentJobsFallHouseEconomyCuttingTaxesProgramPropertyDisappearLocalsOwnersHouseholdSmall BusinessRevenueLoanEnthusiasticProspectsBusiness OwnersLocal GovernmentSmall Business OwnersCollateralProperty TaxesHouse Prices Author:Mark Zandi
“I managed the Dodgers for 20 years. It's hard to believe that there are only four guys in the history of baseball who managed the same team for 20 years or more. One was owner of the team, Connie Mack. Another was part owner of the team, John McGraw. Then there was my predecessor, Walter Alston, and me. It's amazing. In the 20 years I managed the Dodgers, 210 managers were fired.” YearsBelieveHardGuyFourTeamBaseballManagersOwnersPredecessorsHard To BelieveDodgersMack Author:Tommy Lasorda
“Some years ago a top Ford official was showing the late Walter Reuther through the very automates plant in Cleveland, Ohio and he said to him jokingly, "Walter, you'll have a hard time collecting union dues from these machines." and Walter said, "you are going to have more trouble trying to sell automobiles to them." Both of them let it stop there. There was a logical answer to that ... the owners of the machines could buy automobiles and if you increase the number of owners you increase the number of consumers.” IfsTryingYearsSaidHardWisdomPoliticsAnswersNumbersEconomyTroubleLateYears AgoMachinesIncreaseSellsUnionsPlantDuesConsumersOfficialsHard TimesLiberalismOwnersLogicalCollectingAutomobileOhioClevelandCleveland Ohio Author:Ronald Reagan
“Let’s begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes - indeed, deletes - the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.” ThinkingHardWould BeForceSocialInterestWealthRolesGoneEconomicFashionCapitalismOwnersShedAccordApprovedAnonymityAdverseSocial SystemsConnotationTerminology Author:John Kenneth Galbraith