A Quote by John Kenneth Galbraith
Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.
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The Romantic poets were the prototype ramblers, and I've often found myself following in their footsteps - although perhaps not all of their footsteps since a typical walk for Samuel T. Coleridge might last two days and cover 145km.
A great many people never really discover themselves until ruin stares them in the face. They do not seem to know how to bring out their reserves until they are overtaken by an overwhelming disaster, or until the sight of their blighted prospects and of the wreck of their homes and happiness stirs them to the very center of their beings.... There is something in defeat which puts new determination into a man of mettle.
We all have an unknown ability, which will probably remain unknown forever. And yet that ability can become our ally. Since it’s impossible to measure that ability or give it an economic value, it’s never taken seriously.
Pressure selling is firmly rooted in American economic life, and I'm sorry it is, for it should not be necessary. Some people think part of the panic following 1929 was due to too much pressure in selling.
The stock market crashed in October 1929. But that was not the cause of what caused the Great Depression. It was, in my opinion, a very minor element of it. What happened was that from 1929 to 1933 you had a major contraction which, in my opinion, was caused primarily by the failure of the Federal Reserve System, to follow the course of action for which it was set up. It was set up to prevent exactly what happened from 1929 to 1933. But instead of preventing it, they facilitated it.
I have known Evo Morales for many years, since the days of the union movement. From a historical and sociological standpoint, the election of Evo Morales is extraordinary, with great prospects and potential for the Bolivian people.
Long afterward, many would remember those two days in the first week of October with vividness and anguish.
What happens in Bermondsey on February 24th will be a pointer to the rest of the country as far as Labour's prospects are concerned.
The fact that you have contracted Covid-19 isn't an easy thing to deal with. I was anxious and scared too, initially. Since I was alone, the first few days were all the more difficult. I was following instructions given by doctors but somewhere I was worried given how the virus has taken many lives and the kind of damage it has done to others.
He had never liked October. Ever since he had first lay in the autumn leaves before his grandmother's house many years ago and heard the wind and saw the empty trees. It had made him cry, without a reason. And a little of that sadness returned each year to him. It always went away with spring. But, it was a little different tonight. There was a feeling of autumn coming to last a million years. There would be no spring. ("The October Game")
So many companies talk about increasing the number of prospects at the top of the funnel, but they spend remarkably little time making sure actions are taken - on a daily basis - to make sure these prospects convert into paid users.
I've liked Real Madrid since the days when Zidane, the Brazilian Ronaldo, Roberto Carlos, and Fernando Hierro were around. I've been following them religiously since then.
The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.
Like so many free trade deals before and since, Nafta was sold as a massive opportunity for working people and their prospects. Forecasts spoke of hundreds of thousands of new jobs in all three countries. The reality could not have been more different.
Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.
My way is set as in stone, and I don't feel the need to veer off any longer. It has taken many days of searching and fighting, but in the end I have found what I was looking for. I have found my way home.
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