“The people of the United States don't recognize it, but the oil industry has given the greatest gift to the people of the nation, and that gift is the low cost of energy. Bottom line is this enables the country to be very competitive manufacturing-wise and in the world economy.” PeopleWorldCountryStatesEnergyGivenNationsLinesUnitedUnited StatesEconomyWiseIndustryCostLowsBottomOilBottom LineManufacturingGreatest GiftsWorld EconomyOil Industry Author:Ray L. Hunt
“Businessmen should not put their finger in politics, because they tend to think only of their own self-interest. But I worry about the low morale in Italian industry and the lack of government initiatives to help the poor.” ThinkingShouldSelfHelpingGovernmentInterestPoorWorryIndustryLowsFingersItalianInitiativeBusinessmanSelf InterestMoraleHelp The Poor Author:Diego Della Valle
“As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e.g., tungsten ore, fish, seaweed) or low-technology, low-price products (e.g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.” HumansDoeMadeStillsShowsUsedNationsTechnologyMaterialsProductsHairIndustryMajorsLowsTradeSouthInternationalFishesActiveUsed To BeParticipationTradingInfantItems1960sKoreaPursuedGarmentsRaw MaterialsFree TradeWigsSeaweedSouth KoreaTextilesInternational TradeExportingActive Participation Book:Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
“In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America.” Would BeAmericaIndustryCostLowsThreatAvailable Author:Andrew Tobias
“The best way in my view is to just buy a low-cost index fund and keep buying it regularly over time, because you'll be buying into a wonderful industry, which in effect is all of American industry... People ought to sit back and relax and keep accumulating over time.” PeopleWayViewsWonderfulEffectsIndustryOughtCostLowsInvestingBest WayBuyingRelaxFundIndex Funds Author:Warren Buffett
“Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.” IndividualResponsibilityIndustryLowsOrganizationManagementInvestmentInvestingProfitDrivenEnormousManagersFundMutualInvestorsProvidingExploitationShockingSystematicFeesTollsColossalDisserviceMutual FundTurnoverIndex FundsFiduciaryInvestment Management Author:David F. Swensen
“The overarching goal of Tesla is to help reduce carbon emissions and that means low cost and high volume. We will also serve as an example to the auto industry, proving that the technology really works and customers want to buy electric vehicles.” WantMeanHelpingGoalTechnologyExampleIndustryCostProveLowsCustomersVehicleElectricVolumeCarbonEmissionsTeslaCarbon EmissionsAuto IndustryElectric Vehicles Author:Elon Musk
“By holding down natural wage growth in labor-intensive industries, immigration serves as a subsidy for low-wage, low-productivity ways of doing business, retarding technological progress and productivity growth.” WayGrowthNaturalProgressIndustryLowsLaborProductivityImmigrationTechnologicalSubsidiesTechnological Progress Author:Mark Krikorian
“As a new president takes office and elevates global warming alarmism to official federal policy, much of America is experiencing record low temperatures. While the deep freeze amounts to little more than irony, Americans should nevertheless take what could well be a last opportunity to reconsider the cliff off which Barack Obama, Al Gore and the rest of the global warming industry want us to jump.” WantShouldWellsLittlesLastsAmericaOpportunityPresidentRecordsPolicyIndustryAmountOfficeLowsBarackIronyOfficialsGlobal WarmingAlsNeverthelessWant UCliffsTemperatureGoreFreeze Author:Steven Milloy
“Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.” ThinkingWorldShouldCountryFacesCitiesBehindsQualityAirEconomicIndustryWasteLowsLogicDirtyLos AngelesToxicMexicoLoadLowestMigrationImpeccableDeveloped CountryMexico CityWorld BankAir QualityBetween You And MeToxic Waste Author:Lawrence Summers
“And to improve access to the UK publishing industry - I'm hoping to set up an internship or work experience for someone from a low-income background, as soon as we have the funds. While we don't have the funds, we won't have an intern.” IndustryLowsAccessBackgroundsIncomeFundPublishingLow IncomePublishing IndustryInternshipsWork Experience Author:Deborah Smith
“Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans.” MadeEndsNextResultsCompanyTalkingGoneIndustryCostLowsInvestmentWaveProductionsDebtOilLoanDefaultSaudisFracking Author:Michael Hudson
“There's one other element I just want to be sure to mention here: that is that there are 43 million young people who are locked into predatory student loan debt for whom there is no way out in the foreseeable future given the economy that we have: this predatory Wall Street driven financialized low-wage service industry economy.” PeopleWayWantYoungGivenMillionsEconomyStreetsStudentsWallIndustryElementsLowsDebtDrivenLockedLoanPredatoryStudent LoanService Industry Author:Jill Stein