A Quote by Bernard Ebbers
I have some assets that over time will be worth something. I've been in the process of selling others.
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The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time.
The psychology of fashion is interesting because we're selling people something they don't really need. We're just selling them something that makes them feel good. Besides, there is nothing really new in fashion. Everything worth doing has been done before.
I do voiceovers, but being on-camera and selling something? I wasn't really interested. And then I thought, well, wait a minute. Everybody's selling something. When you turn on the tube... And then if you go to Europe or Asia, everyone is selling something. All the guys that don't want to be seen selling something here are selling something there. So I thought what the hell?
If you're creating something that has some sort of cultural currency - if the idea is getting out there - then that will probably yield money in some form, whether it's through selling art or selling books or being asked to give a lecture.
[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.
We have been engaging the Government of Swaziland for some time on this issue of the democratization of Swaziland. In particular, I had asked the Deputy President to engage the Government on this and, indeed, he has. We will continue to do this, because we do think that, as has been communicated to the Government of Swaziland, that Swaziland must go through this democratization process, a constitution-making process in which they have been engaged for some time, and really seek a national consensus about it.
If liberty is worth keeping and free representative government worth saving, we must stand for all American fundamentals-not some, but all. All are woven into the great fabric of our national well-being. We cannot hold fast to some only, and abandon others that, for the moment, we find inconvenient. If one American fundamental is prostrated, others in the end will surely fall.
A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated.
Oh, you're one of those,' the princess said. 'One of what?' 'One of those who needs to be told their worth over and over by others. Do you know who tells me my worth, Phaedra of Alonso?' The princess pointed a hard finger at her own chest. 'Me. I determine my own worth. If I had to rely on others I'd have lain down and died waiting.
You start admiring someone who's famous for actually doing something---imagine that---and I swear to you I will buy you every item in her entire wardrobe. But over my own dead body will I spend my own time and money turning you into a clone of some brain-dead waste of skin who thinks the pinnacle of achievement is selling her wedding shots to a magazine.
Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke. So the savings and loans went broke, the government stepped in, paid off depositors, and now they're left with this mass of assets to sell. We're not talking about selling here, we're talking about buying intelligently. They were selling what they got handed to them by a bunch of savings and loan operators that had in many cases had done some very dumb thing. But their job was to liquidate it. And they liquidated.
But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.
The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don't, so we buy. Then people start selling, panic sets in, and we sell too.
What has been happening in Turkey. The country has been taken over by the present rulers and they have been very, very skillful and taking over everything and taking over control over everything and now taking control over the judiciary. They will be taking over the constitution. Unless there will be some radical change, which is unlikely, I will say the tradition of Kemalism will be dead in Turkey. And Turkey is becoming a more Islamic state, in the traditional sense.
I'm sure some people haven't necessarily embraced some of the messages over the years. We've been talking about the inappropriateness of automatic weapons and guns since the late Eighties. I know we've lost some customers over the years, and in some ways, secured others.
If our well-being depends upon the interaction between events in our brains and events in the world, and there are better and worse ways to secure it, then some cultures will tend to produce lives that are more worth living than others; some political persuasions will be more enlightened than others; and some world views will be mistaken in ways that cause needless human misery.
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