A Quote by Paul Ormerod

Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media. — © Paul Ormerod
Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.
Today the salaries of stars are astronomical in comparison with the 20's, but the high cost of today's living and taxes takes a huge bite out of these salaries.
Now, modern economies have a very effective mechanism for deciding if salaries are really too high: it's called the free market. That's how most people's salaries are set, after all, including those of major-league baseball players and European soccer players.
The goal of real healthcare reform must be high-quality, universal coverage in a cost-effective way.
We survived for hundreds of years under the old banking structure. You'd have clearing banks, then merchant banks doing the racy stuff, and then building societies where you'd join a waiting list for a mortgage. But then banks started buying stockbrokers, doing mortgages, and you ended up with these big banking groups doing everything.
It's just astonishing to me that the media is so interested in how much it costs to secure our border and has no interest in the cost of refusing to secure our border.
ISIL's widespread reach through the Internet and social media is most concerning, as the group has proven dangerously competent at employing such tools for its nefarious strategy. ISIL uses high-quality, traditional media platforms as well as widespread social media campaigns to propagate its extremist ideology.
Sometimes I hear news about the huge dollars involved with CEO pay and corporate-management salaries, and I'm mystified at how someone can justify taking that much at the cost of other people's livelihoods. In a bizarre way, I'm almost kind of curious, like "How can they absolve themselves and enjoy their wealth?" I don't understand it.
Sadly, too many corporate leaders still believe that the way to boost productivity and profits is to continually reduce salaries, benefits, and training expenditures, a strategy that can be taken only so far. At a certain point in a developed society, salaries and benefits can't be slashed further and, in the long term, comparative economic advantage then must be realized through the effective mobilization of an educated, engaged, and loyal workforce.
The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.
The notion that college education is a cost-effective way to help poor, low-skill, unmarried mothers with high school diplomas or GEDs move up the economic ladder is just wrong.
The Internet is the first technology since the printing press which could lower the cost of a great education and, in doing so, make that cost-benefit analysis much easier for most students. It could allow American schools to service twice as many students as they do now, and in ways that are both effective and cost-effective.
With social media, one can target the audience and reach out to the segment in a very precise, cost-effective manner.
What Americans desperately need is a way to transition from the current system - which is fragmented and focuses on high-cost, high-tech interventions after illness strikes - to a modern system that delivers coordinated, high-touch, lower-cost, patient-centered care with an emphasis on primary care and prevention.
Despite all the media coverage, glitz and glam of hedge funds, they have not done well for their investors. They have high - some say excessively high - fees; their short- and long-term performance has been poor.
Despite my high profile on social media, I'm a private person.
A large social-media presence is important because it's one of the last ways to conduct cost-effective marketing. Everything else involves buying eyeballs and ears. Social media enables a small business to earn eyeballs and ears.
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