A Quote by Juan Enriquez
One of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous.
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The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an undersupply of people committed to the public sector.
The Harper Government is committed to ensuring that seniors have the skills they need to make solid financial choices. Seniors today face an increasingly complex financial marketplace, and it will take the combined efforts of public and private sector organizations to help seniors navigate the many financial choices they face. The start of Financial Literacy Month is an excellent opportunity to thank the Canadian Bankers Association and encourage other private sector organizations to take an active role in providing financial literacy support to Canada's seniors.
When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize that those risks needed to be controlled for the social good.
I believe that the financial crisis of 2008/9 exposed more a lack of ethics and morality - especially by the financial sector - rather than a problem of regulation or criminality. There were, of course, regulatory lessons to be learned, but at heart, there was a collective loss of our moral compass.
People need the financial sector to be safe; people also need the financial sector to go through a massive phase of innovation. That means delivering on the positive rhetoric, like around settlement accounts, not allowing Open Banking to be diluted, and leading the way on AML.
That's the problem with the financial sector. Banks and the financial sector live in the short run, not the long run. In principle the government is supposed to make regulations that help the economy over time. But once it's taken over by the financial sector, the government lives in the short run too.
People without financial knowledge, who take advice from financial experts are like lemmings simply following their leader. They race for the cliff and leap into the ocean of financial uncertainty, hoping to swim to the other side.
China will continue to adopt multiple measures to advance the reform and opening up of its financial sector so that its financial market can better adapt to financial modernization and globalization.
The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.
They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas.
You can take lessons to become almost anything: flying lessons, piano lessons, skydiving lessons, acting lessons, race car driving lessons, singing lessons. But there's no class for comedy. You have to be born with it. God has to give you this gift.
there's a lot of dangerous sports. You know, my opinion, football is the most dangerous sport there is. After that I'll give it to probably boxing. Then there's some other extreme sports out there, motocross where you're really risking your neck every time you go out there and do it.
I really enjoy playing the piano. I took lessons throughout middle school, but I had to drop the lessons. I actually got too busy, but I hope to pick up the lessons when I'm in college if I can.
We have decided to diversify agriculture; we decided to develop our tourism sector. We have decided to develop our mining sector. So these are some of the things we're telling Malawians: we say this is what we need to do in order for us to get out of this total dependence on aid.
The financial time frame always has been short-term. Projects with long-term paybacks are cut back, because CEOs and financial managers simply want to take their money and run. That is the financial mentality.
When people abuse these freedoms to enrich themselves at the expense of others, then the public will demand the government to step in. That is how government grows, and how freedom is diminished.... When financial meltdowns occur, the public's outrage drives government to take over part of the private sector. When the government does so, it replaces irresponsible executives with unaccountable bureaucrats. That takes us out of the frying pan and into the fire.
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