In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
quote by Ron Chernow
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Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.
quote by Toshihiko Fukui
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Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker.
quote by Ron Chernow
Submitted by Lucian Velea
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The Shift
Check out the chick with the new dress on
(wearin a shift and it looks real fine)
The call it a shift and it comes on strong
(wearin a shift and it looks real fine)
When shes got it on, well she cant do no wrong
(wearin a shift, wearin a shift)
You may think a dress cant do very much
(wearin a shift really turns me on)
With the slit up the side, you cant resist that touch
(wearin a shift really turns me on)
Its tighter than a moo-moo and its just too much
(wearin a shift, wearin a shift)
(turns me on now) (get a shift now)
(cant go wrong now) (go wrong now)
(turns me on now) (get a shift now)
(turns me on now) (turns me on now)
Get your girl a shift and shell look real fine
(wearin a shift and its just too much)
It fits like a glove and drives you outta your mind
(wearin a shift and its just too much)
Shell ball it with her shift on and well have a good time
(wearin a shift, wearin a shift)
(turns me on now) (get a shift now)
(turns me on now) (get a shift now)
(turns me on now) (get a shift now)
(turns me on now) (get a shift now)
(turns me on now) (get a shift now)
(turns me on now) (get a shift now)
song performed by by Beach Boys
Submitted by Lucian Velea
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German and English firms operate internationally, while French firms do not. The only place where they all have work is in China. Anybody can sell himself in China!
quote by Helmut Jahn
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After all, despite the economic advantage to firms that employed child labor, it was in the social interest, as a national policy, to abolish it - removing that advantage for all firms.
quote by Barry Commoner
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My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit.
quote by Cliff Stearns
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The Premier and the Socialist
The Premier and the Socialist
Were walking through the State:
They wept to see the Savings Bank
Such funds accumulate.
"If these were only cleared away,"
They said, "it would be great."
"If three financial amateurs
Controlled them for a year,
Do you suppose," the Premier said,
"That they would get them clear?"
"I think so," said the Socialist;
"They would -- or very near!"
"If we should try to raise some cash
On assets of our own,
Do you suppose," the Premier said,
"That we could float a loan?"
"I doubt it," said the Socialist,
And groaned a doleful groan.
"Oh, Savings, come and walk with us!"
The Premier did entreat;
"A little walk, a little talk,
Away from Barrack Street;
My Socialistic friend will guide
Your inexperienced feet."
"We do not think," the Savings said,
"A socialistic crank,
Although he chance just now to hold
A legislative rank,
Can teach experienced Banking men
The way to run a Bank."
The Premier and the Socialist
They passed an Act or so
To take the little Savings out
And let them have a blow.
"We'll teach the Banks," the Premier said,
"The way to run the show.
"There's Tom Waddell -- in Bank finance
Can show them what is what.
I used to prove not long ago
His Estimates were rot.
But that -- like many other things --
I've recently forgot.
"Advances on a dried-out farm
Are what we chiefly need,
And loaned to friends of Ms.L.A.
Are very good, indeed,
See how the back-block Cockatoos
Are rolling up to feed."
"But not on us," the Savings cried,
Falling a little flat,
"We didn't think a man like you
Would do a thing like that;
For most of us are very small,
And none of us are fat."
"This haughty tone," the Premier said,
"Is not the proper line;
Before I'd be dictated to
My billet I'd resign!"
"How brightly," said the Socialist,
"Those little sovereigns shine."
The Premier and the Socialist
They had their bit of fun;
They tried to call the Savings back
But answer came there none,
Because the back-block Cockatoos
Had eaten every one.
poem by Andrew Barton Paterson
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Working The Midnight Shift
Im just a working girl, just earning a living
When the citys waking up, Im going home
Working the midnight shift
While my friends are all out
Theyve all gone out dancing
Theyre out having fun
Working that midnight shift
For that extra little something
The things that are out of my reach
I need so bad
So bad, so bad
Seems like Im always leaving
When all the others arrive
My body still carries on
But Im dying inside
Working the midnight shift
While my friends are all out
Theyve all gone out dancing
Theyre out having fun
Working that midnight shift
For that extra little something
The things that are out of my reach
I need so bad
I need so bad, need so bad
Midnight shift, midnight shift
Midnight shift, midnight shift
Midnight shift, midnight shift
Im just a working girl
Just earning a living
When the citys waking up
Im going home
Working the midnight shift
While my friends are all out
Theyve all gone out dancing
Midnight shift, midnight shift
Midnight shift, midnight shift
Midnight shift, midnight shift
Midnight shift, midnight shift
Midnight shift, midnight shift
Midnight shift, midnight shift
song performed by by Donna Summer
Submitted by Lucian Velea
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The Migrating Software Personnel
The IT firms from the colleges hire
the high achievers in shifts to perspire.
The payola the colleges collect
and the payouts of the firms the young hands wet.
They live on their nerves with hopes to migrate
and be off soon their roots to desecrate.
From a caste-ridden nation they take wing
and in a cultural mire they themselves sling.
They lose filial love but not their courage
as the English breeze ensures all the suffrage.
poem by Rajendran Muthiah
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Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
quote by William Greider
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With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.
quote by Jim Cooper
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We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
quote by John W. Snow
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Massive Reductions
Ive been sacrificed in the name of the company,
Ive been victimized for the sake of economy.
I had a big house, a big car,
Expense account and credit cards,
But now look what theyve done to me.
Theyre making massive reductions,
Its all mass production and assembly lines.
Theyre making massive reductions,
Massive reductions.
Theyre laying me off all because of inflation,
Im losing my job and my reputation.
Good-bye my big house, my big car.
Now its all up to welfare,
I hear that everybodys going there.
Theyre making massive reductions,
Massive reductions to stay alive.
Whoa, theyre making massive reductions.
Good-bye my big house, my big car,
Now its all up to welfare,
I hear that everybodys going there.
Theyre making massive reductions,
Massive reductions to stay alive.
Whoa, theyre making massive reductions.
song performed by by Kinks
Submitted by Lucian Velea
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Models now need to promote themselves, think like businesswomen and diversify their careers by doing other things. Chances are very slim that a mere model will become a household name today.
quote by Tyra Banks
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The contents of the massive banks behind these successive revetments makes it quite clear that the material was derived from the incorporation of earlier occupation levels.
quote by Kathleen Kenyon
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The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.
quote by Timothy Geithner
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Credit crunch!
I hear no sound of joy or laughter
As the markets crash like thunder
Take a look at the whole financial bunch
Many made money on just a keypunch
Banks which once stood brave
Are now begging to be saved
With Governments pumping billions into banks
Because many claim to have empty money tanks
People’s savings are wiped off the record
Sit home! Sit home! Calculate what you can afford
For fast is this growing curse flowing
As the financial chaos wind keeps blowing
On each lip only two words are spoken
Credit-Crunch!
Behold the whole Financial Market is broken!
Copyright 2008 - Sylvia Chidi
poem by Sylvia Chidi
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The CIA is made up of boys whose families sent them to Princeton but wouldn't let them into the family brokerage business.
quote by Lyndon B. Johnson
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Advertising is a racket, like the movies and the brokerage business. You cannot be honest without admitting that its constructive contribution to humanity is exactly minus zero.
quote by F. Scott Fitzgerald
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At a time when going to college has never been more important, it's never been more expensive, and our nation's families haven't been in this kind of financial duress since the great depression. And so what we have is just sort of a miraculous opportunity simply by stopping the subsidy to banks when we already have the risk of loans. We can plow those savings into our students. And we can make college dramatically more affordable, tens of billions of dollars over the next decade.
quote by Arnie Duncan
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