A Quote by Jack Welch
If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.
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Bill Gates has 90 billion dollars ... If I had 90 billion dollars, I wouldn't have it for long because I would just dream of all the crazy stuff I could do with it. This guy, 90 billion dollars. He could buy every baseball team and make them all wear dresses and still have 88 billion dollars.
A father and two sons run Adelphia. It's a cable company. And they took from that company a billion dollars. A billion. Three people - three people took a billion dollars. What were they gonna do, start their own space program? 'Let's send the monkey to Mars, Dad!'
This sounds crazy, I know, but you can make a billion dollars - very few people do - but you can make a billion dollars on a product. It can be "Lion King," it can be "Simpsons," it can be "Family Guy," who knows what it is. Or you can make zero. But you can't make a billion dollars if you don't own it.
Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.
Once I got to know what's been happening historically, it's pretty impossible to un-know it. Like right now, there's the outbreak of cholera in Haiti, and people see that as a news headline, but I know there's half a billion dollars of aid that one senator is putting a hold on, that the Red Cross has raised half a billion dollars but has only spent $200 million.
A billion dollars every week for Iraq, $87 billion for Iraq. We can't get $5 billion for childcare over five years in welfare reform.
Right now we have a $600-billion or so Defense Department budget, but when you add in, for example, a trillion-dollar nuclear weapons program over the next decade or two, it adds significantly to it. So it's somewhere around $600 billion. We call for approximately cutting that in half and instead putting those dollars into true security here at home.
How is it possible that a process can be democratic when it comes by way of money? If there is money then it can be elected a senator, it can be elected a representative. Do you know how much it cost to be elected president of the United States? The amount has reached, billions of dollars, 2 billion, 3 billion, 4 billion dollars, that's how much a presidential campaign costs. How much does a senatorial campaign cost? It costs 80 to 90 million dollars; or the campaign of a representative, 40 to 50 million. Is that really a democracy?
Well, Congress gave us a billion dollars to dig the hole, this gigantic hole. Bigger, much bigger than the hole in Geneva, Switzerland. Then they canceled the machine and gave us a second billion dollars to fill up the hole. Two billion dollars to dig a hole and fill it up. That is the wisdom of the United States Congress and it really makes you wonder: Is there intelligent life on the Earth? Certainly not in the United States Congress.
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.
I don't think Donald Trump is a conservative. I think his line on China for example, that he's going to talk tough to China. China didn't create Social Security, Medicare. China isn't spending a fifth of a billion dollars every hour that it doesn't have.
Mathematicians also make terrible salesmen. Physicists can discover the same thing as a mathematician and say 'We've discovered a great new law of nature. Give us a billion dollars.' And if it doesn't change the world, then they say, 'There's an even deeper thing. Give us another billion dollars.'
At the beginning of the 20th century, there were less than 3 billion people on the earth, closer to 2 billion. By all measures that we can come up with right now,. with the lifestyle and consumption pattern of the Western industrial civilization, we can probably sustain about 2 billion people on this earth. We already have over 6 billion. China and India are aspiring to come on as industrial nations, aspiring to the lifestyle of the Western world, and it simply can't happen.
Librarians in America do something like a couple of billion dollars worth of book business every year.
If you owe fifty dollars you're a piker; if you owe fifty thousand dollars you're a businessman; if you owe fifty million dollars you're a tycoon; if you owe fifty billion dollars you're the government.
Hey, here's a way to stop suicide bombings - give the Palestinians a bunch of missile-firing Apache helicopters and let them and the Israelis go at each other head to head. Four billion dollars a year to Israel - four billion dollars a year to the Palestinians - they can just blow each other up and leave the rest of us the hell alone.
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