“In the distance, I see a frightful storm brewing in the form of un-tethered government debt. I choose the words -“frightful storm' - deliberately to avoid hyperbole. Unless we take steps to deal with it, the long-term fiscal situation of the federal government will be unimaginably more devastating to our economic prosperity than the subprime debacle and the recent debauching of credit markets that we are working right now so hard to correct.” LongHardGovernmentFormTermDealsSituationStepsEconomicRight NowDistanceProsperityCreditDebtStormLong TermFederal GovernmentBrewingHyperboleEconomic ProsperityDebaclesGovernment Debt Author:Richard W. Fisher
“In times of economic distress, it's only natural for people - and Americans have done this for many years - to look for a scapegoat. Depending on where you live in this country, the scapegoats are either, frankly, Mexicans or Muslims. So, you know, God save you if you happened to be a Mexican Muslim in America right now.” PeopleIfsKnowsYearsLooksCountryDoneAmericaNaturalHappenedEconomicRight NowDistressMexicanKnowing GodScapegoatWhere You Live Author:Reza Aslan
“What we've also got to think about is the limitations of military power. Maybe it's time to focus on the economic issues, and most of all the political issues, because the political failure in Iraq right now is almost worse than the military failure. And the two are intertwined.” ThinkingTwoPoliticalIssuesFocusEconomicMilitaryRight NowIraqLimitationIntertwinedMilitary PowerPolitical IssuesEconomic Issues Author:Paul Rieckhoff
“The first reaction to trauma is denial, then comes anger and finally, acceptance. I think the US is still between denial and anger, and I hope we will reach acceptance because almost perversely, right now, only the US has the technology that is needed for global economic change.” ThinkingFirstsStillsTechnologyEconomicAcceptanceNeededRight NowTraumaReactionsDenialEconomic Change Author:Graciela Chichilnisky
“The change in economic values created by the new markets for global public goods will reorient our global economy and under the right conditions can usher the satisfaction of basic needs of the present and of the future. This is what is needed right now.” NeedsValuesEconomyEconomicConditionsNeededRight NowSatisfactionGoodsGlobal EconomyBasic NeedsEconomic Value Author:Graciela Chichilnisky
“In the meantime, we have just incredible economic disparities and economic despair in this country and an entire generation that is basically held hostage in debt without the jobs to get out of it. And this is not a world that's working for us, and the climate is going up in flames right now, and the wars are expanding, and we've got 2,000 nuclear weapons on hair-trigger alert. This is not a good picture, and I think the American people are discovering that.” PeopleThinkingWorldWarCountryJobsGenerationsEconomicHairRight NowDespairWeaponsClimateIncrediblesDebtNuclearFlamesDiscoveringNuclear WeaponsExpandingTriggersHostageDisparity Author:Jill Stein
“Right now, for many Americans, class is being foregrounded like never before because of the economic situation. It doesn't mean that race doesn't matter, or gender doesn't matter, but it means that right now in many people's lives, in the lives of my own family members, people are losing jobs, insurance.” PeopleMeanMatterJobsMy OwnRaceSituationClassEconomicRight NowMembersLosingGenderFamily Members Author:Bell Hooks
“"Thank You for Being Late" pinpoints 2007 as the year what he calls the, quote, great acceleration began, ushering in a dizzying and disorienting era of change - technological, economic, environmental. Dealing with that change, the challenge of our time, says Tom Friedman. He's here to explain it right now.” YearsChallengesEconomicRight NowLateEnvironmentalErasOur TimeTomsTechnologicalAcceleration Author:Mary Matalin
“We need banking. I mean, right now, there are so many places in America where the banks are not doing what they need to do because they're scared of regulations, they're scared of the other shoe dropping, they're just plain scared,so credit is not flowing the way it needs to to restart economic growth.” WayNeedsMeanAmericaGrowthEconomicRight NowShoesScaredCreditRegulationBankingDroppingEconomic Growth Author:Hillary Clinton
“Then there is another area of activity - economic interaction between Russia and the United States. Right now, for example, it has already been made public that we signed a large deal to privatise one of our biggest oil and gas companies, Rosneft. We know for sure that US companies, as well as Japanese ones, by the way, are keenly interested in cooperation in Russia's oil and gas sector, in joint work. This has immense significance for world energy markets and will directly affect the whole world economy.” KnowsWorldWayWellsMadeStatesWholeEnergyUnitedDealsCompanyUnited StatesEconomyEconomicExampleRight NowActivityAreasOilRussiaWhole WorldGasSignificanceCooperationInteractionImmenseJointsWorld EconomyOil And Gas Author:Vladimir Putin
“The problem right now, which I've been pointing out very bluntly to American officials in Washington, is that the U.S. has no economic presence in Afghanistan. The Afghans can't point and say, "Oh, the Americans built that road. They built that telecommunications facility. They built that electricity powerhouse," because nothing has been built so far.” Has BeensProblemEconomicRight NowBuiltOfficialsAfghanistanElectricityPointingFacilityTelecommunications Author:Ahmed Rashid
“We don't have polls from the business world, but it's pretty clear that the energy corporations in America would be quite happy to be given authorization to go back into Iran instead of leaving all that to their rivals. But the state won't allow it. And it is setting up confrontations right now, very explicitly. Part of the reason is strategic, geo-political, economic, but part of the reason is the mafia complex. They have to be punished for disobeying us.” WorldStatesReasonWould BeAmericaPoliticalEnergyGivenClearEconomicRight NowComplexesLeavingSettingSettingsCorporationsIranPollsRivalsMafiaStrategicConfrontationBusiness WorldDisobeying Author:Noam Chomsky
“We are in tough economic times right now, and the first thing we have to do is look at how we're spending the dollars that we have, and at what kind of return on investment we're getting. Because I think it will show that spending more money without fixing the fundamental flaws in the system won't produce anything different in terms of results. In DC, we were spending a whole lot of money on things that had no positive impact on students' achievement levels.” ThinkingFirstsLooksKindDifferentWholeShowsTermLevelsResultsEconomicStudentsProduceReturnRight NowAchievementToughFundamentalsImpactDollarsInvestmentSpendingFlawsMore MoneyLots Of MoneyFixingPositive ImpactReturn On InvestmentStudent AchievementTough Economic Times Author:Michelle Rhee
“The fascinating thing about standard economic stories is exactly that: they assume that everybody wants that kind of closure. That all human relations are forms of exchange, because if everything is an exchange then it's true that we're both equals. We walk up, I give you something, you give me something, and we walk away. Or I give you something, you don't give me something right now, and you owe me. So if we have any ongoing relationships at all, it's because somebody is in debt.” IfsWantGivingHumansKindStoriesFormWalksEconomicRight NowStandardsGive MeRelationAssumingDebtFascinatingOngoingHuman RelationsClosure Author:David Graeber