“Establishing a 0.03 percent Wall Street speculation fee, similar to what we had from 1914-1966, would dampen the dangerous level of speculation and gambling on Wall Street, encourage the financial sector to invest in the productive economy and reduce the deficit by more than $350 billion over 10 years.” YearsLevelsEconomyStreetsDangerousWallPercentFinancialBillionsProductiveGamblingSpeculationDeficitFees Author:Bernie Sanders
“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.” CountryWholeFactsHelpingSeemsGovernmentFallInterestPoorAttentionStreetsWallAmountBedTenPercentEconomicsPaidRaisesStructureMereFinancialIceNightmareFarmersReservesLoanSkatingFederal ReserveSkating On Thin Ice Author:Will Rogers
“Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies” WorldHelpingGrowthTechnologyEconomyEconomicMissingEasierPercentAccountsFinancialPhonesAccessSignificantFinanceEmpoweringPortionsContinentsMobileEmpowering WomenEconomic GrowthPoorestBank AccountsMobile PhonesMissing OutFinancial ServicesAfrican Women Author:Ngozi Okonjo-Iweala
“Nothing highlights better the continuing gap between rhetoric and substance in British financial services than the failure of providers here to emulate Jack Bogle's index fund success in the United States. Every professional in the City knows that index funds should be core building blocks in any long-term investor's portfolio. Since 1976, the Vanguard index funds has produced a compound annual return of 12 percent, better than three-quarters of its peer group.” KnowsShouldLongStatesThreeTermUnitedCitiesUnited StatesGroupsBuildingReturnPercentInvestingFinancialBritishCoreBlockSubstanceLong TermFundGapsInvestorsQuartersContinuingRhetoricPeersCompoundsAnnualsHighlightsEmulateProvidersPortfoliosBuilding BlocksVanguardIndex FundsFinancial ServicesPeer Group Author:Jonathan Davis
“I would say 70 percent of people who are in therapy are in therapy not because of their upbringing, not because of their mean sister or obsessions, but because of anxiety brought about by lack of financial security.” PeopleMeanSecurityAnxietyPercentFinancialObsessionTherapyUpbringingFinancial Security Author:John Hodgman
“With both parents in the workforce 100 percent of the time, there's just no way to care for somebody on the side - either somebody has to take time off work or somebody has to pay someone to provide that care. In either it represents a big financial blow, and families just don't have the flexibility to deal with it.” WayBigsCareParentSidesDealsPayPercentFinancialBlowTake TimeFlexibilityWorkforceTime Off Author:Amelia Warren Tyagi
“[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013” TwoWealthSourceMajorsPercentThirdsIncludingFinancialFundMutualAssetsHouseholdPensionMutual Fund Author:Janet Yellen
“We are all used to paying a sales tax when we buy things - almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way.” WayNeedsGivingGovernmentRunningUsedCitiesNew YorkTaxesPercentConceptsResponsibleRaisesFinancialSolveNew York CityApplicationSanityRevenueSales Tax Author:Eliot Spitzer
“My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are children. He's set up a retirement plan called the RIC-E-Trust that can provide retirement security. A $5,000 one-time tax-deferred investment at birth, with an average interest rate of ten percent compounded, means that a child would have $2.4 million when he or she is 65 years old. Who needs Social Security with that kind of nest egg?” PeopleThinkingNeedsYearsKindMeanChildrenSocialInterestMillionsPlansSecurityBirthTenTaxesPercentInvestmentRateFinancialAverageEggsRetirementOne TimeSocial SecurityNestsInterest RateAdviser Author:Cal Thomas
“We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.” PeopleStatesTodayAmericaUnitedNumbersUnited StatesJudgingSixPercentInstitutionsFinancialAssetsUnited States Of AmericaLegislationEconomistGdpAmerica TodayFinancial Institutions Author:Bernie Sanders
“Facts are that the financial advisers on Wall Street today or anywhere depending on which firm, what point in time - 85 to 88 percent male, and that is part of why investing for women they tell us feels unapproachable because they don't see people who look like them.” PeopleFeelsLooksFactsTodayStreetsWallPercentMalesInvestingFinancialFirmAdviser Author:Sallie Krawcheck
“Men tend to leave their financial adviser at a single-digit-percent rate in any given year. And women leave their husband and their joint financial adviser in the year after their spouse's death at a rate of greater than 70 percent - seven-zero.” MenYearsGivenGreaterHusbandPercentSevenRateFinancialZeroSpouseJointsAdviser Author:Sallie Krawcheck
“It's important to recognize the vital role that the financial markets play in our economy and that so many of you are contributing to. To function effectively those markets and the men and women who shape them have to command trust and confidence, because we all rely on the market's transparency and integrity. So even if it may not be 100 percent true, if the perception is that somehow the game is rigged, that should be a problem for all of us, and we have to be willing to make that absolutely clear.” IfsMenShouldMayImportantPlayProblemGamesRolesEconomyClearWillingHe ManIntegrityShapesPerceptionPercentMen And WomenFunctionFinancialCommandRelyTransparencyContributingFinancial MarketsRigged Author:Hillary Clinton
“It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn the housing bubble that gave us the financial crisis of 2008, the lingering effects of which have forced many OWS protesters to try to launch their careers in by far the most inhospitable labor market we've seen since the Great Depression. Even those recent graduates who manage to find jobs will suffer a lifelong penalty in reduced wages.” TryingJobsSufferingCareersEffectsPercentLaborCrisisFinancialDrivenManageInequalityRisingGraduatesBubblesPenaltiesWagesHousingLifelongExaggerationGreat DepressionFinancial CrisisLingeringSpawnHousing Bubble Author:Robert H. Frank
“A possibility is that we see more and more leverage, and credit-to-GDP ratios rise once more to even higher levels; eventually the banking systems of all advanced economies reach magnitudes of 500 percent, 1000 percent or more of GDP, so that every economy starts to have financial systems that resemble recent cases like Switzerland, Ireland, Iceland, or Cyprus. That might be a very fragile world to live in.” WorldMightLevelsCasesEconomyPossibilityHigherPercentFinancialCreditFragileIrelandBankingMagnitudeHigher LevelRatiosSwitzerlandGdpBanking SystemFinancial SystemIcelandCyprus Author:Alan M. Taylor
“My job requires me to put on a little dress and run around the streets of New York in heels. But I also had the financial means to hire a yoga teacher to come to my house while my sitter watched the newborn. For 95 percent of the world, that's not realistic.” WorldMeanLittlesRunningJobsHouseTeacherStreetsNew YorkPercentYogaDressesFinancialRealisticHeelsNewbornYoga Teachers Author:Sarah Jessica Parker