A Quote by Mohsin Hamid
Time is our most precious currency. So it's significant that we are being encouraged, wherever possible, to think of our attention not as expenditure but as consumption. This blurring of labor and entertainment forms the basis, for example, of the financial alchemy that conjures deca-billion-dollar valuations for social-networking companies.
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We're living at a time when attention is the new currency: With hundreds of TV channels, billions of Web sites, podcasts, radio shows, music downloads and social networking, our attention is more fragmented than ever before.
My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. . .you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. . .I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.
We have full disclosure in transparency of our audited, our financial audits. It's on our Web site. It is, I think 16 or 20- something pages, which most public companies or private companies and most ministries don't disclose. So we have always operated with financial integrity and full transparency.
Most people aren't encouraged to think of their labor as very valuable. We usually think of it as the necessary thing we engage in in order to survive. We live in a world where our ability to survive is connected to our ability to draw a paycheck. But there are other ways of organizing labor and culture. For example, people who are pushing for fixed universal base income, or a welfare system that separates wage labor from the compensation required to survive. It was only when I thought of those alternatives that I was able to really understand what we mean when we say sex work is work.
What quality is shared by all objects that provoke our aesthetic emotions? Only one answer seems possible— significant form. In each, lines and colors combined in a particular way; certain forms and relations of forms, stir our aesthetic emotions. These relations and combinations of lines and colors, these aesthetically moving forms, I call ‘Significant Form’; and ‘Significant Form’ is the one quality common to all works of visual art.
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.
In the digital universe, our personal history and its sense of narrative is succeeded by our social networking profile - a snapshot of the current moment. The information itself - our social graph of friends and likes - is a product being sold to market researchers in order to better predict and guide our futures.
consumption can be very harmful to the world. I'm not a big proponent of the idea that consumption makes you morally bad, but there are consequences to our acts, and those consequences are environmental degradation and the huge social inequalities that make our standard of living in the United States possible.
Until government administrators can so identify the interests of government with those of the people and refrain from defrauding the masses through the device of currency depreciation for the sake of remaining in office, the wiser ones will prefer to keep as much of their wealth in the most stable and marketable forms possible - forms which only the precious metals provide.
But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.
We need to accept that consumption is not the end goal of our life and stop measuring our well-being simply on the basis of earnings. We need to explicitly take the quality of our work-related life into account in judging our well-being.
We take a lot of things for granted in our lives, such as gravity, air, daylight and time. Yet time is one of God's most precious gifts to us. It is the most significant non-renewable resource at our disposal. We have less of it remaining with each passing day. When God gave this gift, He intended for us to use it carefully; intentionally, wisely and productively.
All forms of love are necessary, and none are to be ignored, but all of us find some forms of love to be more emotionally valuable to us. They are a currency that we find particularly precious, a language that delivers the message of love to our hearts with the most power. Some types of love are more thrilling and fulfilling to us when we receive them.
We need to make sure our activities and our attitudes line up with what pleases God first and foremost. Wherever we focus our attention the most will become the driving force in our lives.
I believe companies like ours are going to be as large as media companies and social networking companies that are valued in the tens of billions of dollars.
Cheap labor is a small part of the problem at work here. If it were only cheap labor, America would be in trouble. Because it's other things, too, we have a great chance to turn it around. Here's the problem: Our high corporate tax rate pushes our companies offshore. Our high regulatory burden pushes our companies offshore.
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