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There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Uganda's budget is 40 percent aid-dependent. Ghana's budget is 50 percent aid-dependent. Even if you cancel the debt, you don't eliminate that aid dependency. This is what I mean by getting to the fundamental root causes of the problem. Government, the state sectors in many African countries need to be slashed so that, you know, you put a greater deal of reliance on the private sector. The private sector is the engine of growth. Africa's economy needs to grow but they're not growing.
But waiting for 'eventually' to prove the alarmists wrong is not the wisest course of action. Unfullfillable ambitions to stifle growth will devastate a world trying to deal with the complexities of economics, stability, and the environment. Quality of life depends on access to energy. Noble intentions about 'C02-free' sources of energy are not sufficient, if their agenda of eliminating coal as a source, and turning their back on nuclear, are allowed to be part of our near-term policies.
To prove that tuberculosis is caused by the invasion of bacilli, and that it is a parasitic disease primarily caused by the growth and multiplication of bacilli, it is necessary to isolate the bacilli from the body, to grow them in pure culture until they are freed from every disease product of the animal organism, and, by introducing isolated bacilli into animals, to reproduce the same morbid condition that is known to follow from inoculation with spontaneously developed tuberculous material.
I would describe our band "Paper Walls' growth as the natural evolution for anyone the age of 25 to 27, but with "Paper Walls' we focused on the best of what Yellowcard had to offer from our previous work. Meaning we took the energy we had from Ocean Avenue and blended that with that sharp rock edge and all the different sonic evolutions we have on "Lights and Sounds', and we basically mashed them together. So what we have on "Paper Walls' is basically the finest Yellowcard sounds we have to offer.
A spiritual partnership is a partnership between equals for the purpose of spiritual growth. Nothing like this archetype has existed before because nothing like this was required before in the human experience. And spiritual partnerships can be created in a biological family, they can be created among friends, they can be created in the workplace, they can be created anywhere that two or more individuals are committed to their own spiritual evolution and are striving to relate to each other as equals.
The government must nurture an eco-system where the economy is primed for growth; and growth promotes all-rounddevelopment. Where development is employment-generating ; and employment is enabled by skills. Where skills are synced with production; and production is benchmarked to quality. Where quality meets global standards; and meeting global standards drives prosperity. Most importantly, this prosperity is for the welfare of all. That is my concept ofeconomic good governance and all round development.
Times of economic crises can change what the competitive landscape looks like, because when, for example, you have boom times, capital is easy to come by, growth is easy, sometimes what you focus on is, you know, how to accelerate in the boom. During economic crises, the question is, the companies that come out of, you know, that are sailing through that with the best liquidity, both assets on the balance sheet, making money, ability to grow their businesses, get a disproportionate competitive advantage.
Then the question began to live under my blankets: How did lesbianism begin? What were the symptoms? The public library gave information on the finished lesbian--and that woefully sketchy--but on the growth of a lesbian, there was nothing. I did discover that the difference between hermaphrodites and lesbians was that hermaphrodites were "born that way." It was impossible to determine whether lesbians budded gradually, or burst into being with a suddenness that dismayed them as much as it repelled society.
Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.
The thing about living in a place like Nebraska is there aren't that many people, so your circle of acquaintances is going be much more diverse. Everyone would go to the same bar, like the local politicians and construction workers. The class intersections were fascinating to me. And of course there's a whole other conversation about what a huge source of growth it was for me in terms of understanding people and the world in a way that I hadn't in New York. I used to say that L.A. is essentially New York with yards.
Many people are unhappy because there was some point in their past where there was some glory day, and as they get older they're not creating more glory days. They reflect on a time that they will never reach again, and it brings some level of dissatisfaction into their lives. I have circumvented that by simply making incumbent upon myself to always be productive in ways that are consistent with my physical body, my mental state of knowledge, but more important, my presumed growth in wisdom that would come with age.
Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.
The signs that presage growth, so similar, it seems to me, to those in early adolescence: discontent, restlessness, doubt, despair, longing, are interpreted falsely as signs of decay. In youth one does not as often misinterpret the signs; one accepts them, quite rightly, as growing pains. One takes them seriously, listens to them, follows where they lead. ... But in the middle age, because of the false assumption that it is a period of decline, one interprets these life-signs, paradoxically, as signs of approaching death.
If there's something else already out there in the universe, it would almost certainly have puts limits on our growth of intelligence. And the reason it would have put limits on us is because it doesn't want us to grow so intelligent that we would one day maybe take away their superpowered intelligence. Whatever advanced intelligence evolves, it always puts a roadblock in the way of other intelligences evolving. And the reason this happens is so nobody can take away one's power, no matter how far up the ladder they've gone.
One of the great drivers of the alienation that has made Donald Trump possible is that the growth in the American economy has been weak. In the decade from 2005 to 2015, there was not one year when the US hit three per cent growth. And to the extent there's been growth, virtually all of it has been collected by the top 10 per cent of the population. Obviously, if we knew how to make growth faster, we would. We don't. And it's very difficult to make growth more broadly shared. Because it's not just the US that has this problem.
To speak of ‘limits to growth’ under a capitalistic market economy is as meaningless as to speak of limits of warfare under a warrior society. The moral pieties, that are voiced today by many well-meaning environmentalists, are as naive as the moral pieties of multinationals are manipulative. Capitalism can no more be ‘persuaded’ to limit growth than a human being can be ‘persuaded’ to stop breathing. Attempts to ‘green’ capitalism, to make it ‘ecological’, are doomed by the very nature of the system as a system of endless growth.
In the United States, where it has become almost impossible to use "liberal" in the sense in which I have used it, the term "libertarian" has been used instead. It may be the answer; but for my part I find it singularly unattractive. For my taste it carries too much the flavor of a manufactured term and of a substitute. What I should want is a word which describes the party of life, the party that favors free growth and spontaneous evolution. But I have racked my brain unsuccessfully to find a descriptive term which commends itself.
The reason we've been growing at 1.8 percent for the last eight, ten years, which is way below the historical average, is in large part because of our tax code. It is important to us to get the biggest, broadest tax reduction, tax cuts, tax reform that we can possibly get because it's the only way we get back to 3 percent growth. That's what's driving all of this, how do you get the American economy back on that historical growth rate of 3 percent and out of these doldrums of 1.8, 1.9 that we had of the previous Barack Obama administration?
In 2010, you have roughly 38 billion dollars spent by government on cyber and telecoms security and another 60 billion or so by private corporations. So approximately 100 billion dollars spent on security, mostly on technological solutions, which the corporates are offering governments in particular; it's a very high growth area. So everyone is climbing over each other to get the contracts for government procurement on this. There is undoubtedly an element of this and that's what encourages, in part, the whole idea of locking down the Internet.
You are here on earth for a divine purpose. It is not to be endlessly entertained or to be constantly in full pursuit of pleasure. You are here to be tried, to prove yourself so that you can receive the additional blessings God has for you. . . some blessings will be delivered in this life; others will come beyond the veil. The Lord is intent on your personal growth and development. That progress is accelerated when you willingly allow Him to lead you through every growth experience you encounter, whether initially it be to your individual liking or not.
There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.
In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By 2002, it was up to 17 percent, and it'll be up to 20-25 percent very quickly. It's a major problem. Fundamentally, we have a tax system designed for a national, industrial, wage economy, which is what we had in the early 1900s. We now live in a global, asset-based, services world. And we need to have a tax system that follows the economic order or it's going to interfere with economic growth, it's going to reduce people's incomes, and it's going to damage the US.
The hope that fuels the pursuit of endless economic growth - that billions of consumers in India & China will one day enjoy the lifestyles of Europeans and Americans - is as absurd & dangerous a fantasy as anything dreamt up by Al-Qaeda. It condemns the global environment to early destruction & looks set to create reservoirs of nihilistic rage & disappointment among hundreds of millions of have-nots - the bitter outcome of the universal triumph of Western Modernity, which turns the revenge of the East into something darkly ambiguous, and all its victories truly Pyrrhic.
A Russian should rejoice if Poland, the Baltic Provinces, Finland, Armenia, should be separated, freed from Russia; so with an Englishman in regard to Ireland, India and other possessions; and each should help to do this, because the greater the state, the more wrong and cruel is its patriotism, and the greater is the sum of suffering upon which its power is founded. Therefore, if we really wish to be what we profess to be, we must not only cease our present desire for the growth of the state, but we must desire its decrease, its weakening, and help this forward with all our might.
It is an old saying, abundantly justified, that where sciences meet there growth occurs. It is true moreover to say that in scientific borderlands not only are facts gathered that [are] often new in kind, but it is in these regions that wholly new concepts arise. It is my own faith that just as the older biology from its faithful studies of external forms provided a new concept in the doctrine of evolution, so the new biology is yet fated to furnish entirely new fundamental concepts of science, at which physics and chemistry when concerned with the non-living alone could never arrive.
