#global

It’s not just picking the right friends. It is being the right friend. ↗

— John Paul Warren

#john-paul-warren #leadership #pastor #sozo-global #sozo-life

The American share of the crisis began with grossly improper mortgages provided to wholly unqualified borrowers, all directly caused and encouraged by government distortion of and interference in the market. The government’s market deformation and market intervention was in turn the result of two factors: political favouritism and Leftist ideology, on the one hand; and upon the other, corruption: the blatant cooption of such Friends of Angelo as Mr Dodd and of such bien-pensant Lefties as Mr Frank. The stability and efficiency of any market is directly proportional to the amount and trustworthiness of market information. The Yank Congress, for blatantly partisan and ideological reasons, gave out false information to the market, pushing lenders into making bad loans and giving out, with the appropriate winks and nudges, that Fannie (will Americans ever realise how that sounds) and Freddie, imperfectly quangoised, were ‘really just as good as the Treasury’ and were in any case ‘too big to [be let] fail’: which, as it happens, was untrue. Similarly, this moronic mantra of ‘too big to fail’ was chanted desperately and loudly to drown out the warning sounds of various financial institutions on the brink and of the automobile industry. Incomprehensible sums of public money were thrown at these corporations so that they could avoid bankruptcy, and have succeeded only in privatising profit whilst socialising risk. ↗

— G.M.W. Wemyss

#economics #global-economic-crisis #money

One of the fundamental questions of today's world is undoubtedly the question of equitable globalisation. ↗

— Janez Drnovsek

#fundamental #fundamental questions #globalisation #question #questions

National markets are held together by shared values and confidence in certain minimum standards. But in the new global market, people do not yet have that confidence. ↗

— Kofi Annan

#confidence #global #global market #held #market

America is the only country capable of producing national movies: its culture has become a global culture. ↗

— Jean-Jacques Annaud

#become #capable #country #culture #global

So another challenge for our generation is to create global institutions that reflect our ideas of fairness and responsibility, not the ideas that were the basis of the last stage of financial development over these recent years. ↗

— Gordon Brown

#basis #challenge #create #development #fairness

But Canada remains a crucial partner in this global war on terrorism, and we are grateful for that. Canadian naval vessels, aircraft and military personnel continue anti-terrorist operations in the Persian Gulf. ↗

— Paul Cellucci

#canada #canadian #continue #crucial #global

Russia should support globalization. The Internet can develop in Russia in a very speedy way. ↗

— Anatoly Chubais

#globalization #internet #russia #should #speedy

The realities of the modern global economy require government to play a substantial role in ensuring the national and economic security of the people. ↗

— Matthew Continetti

#economic security #economy #ensuring #global #global economy

The global economy is spluttering back into life. The Tories would have left it to choke to death. ↗

— Alistair Darling

#choke #death #economy #global #global economy