A Quote by Richard Flanagan
John Howard, willing to apologise to home owners for rising interest rates, would not say sorry to Aborigines. He refused to condone what he referred to as 'a black armband version' of history, preferring a jingoistic nationalism.
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To the former child migrants, who came to Australia from a home far away, led to believe this land would be a new beginning, when only to find it was not a beginning, but an end, an end of innocence - we apologise and we are sorry. To the mothers who lost the maternal right to love and care for their child - we apologise, and we are sorry.
John Silber said the single longest reference he could find to Abraham Lincoln [in Howard Zinn's History of America ] was two paragraphs. That was Howard Zinn. Would you like to hear how Ronaldus Magnus is portrayed?
John Howard's credibility on the entire Iraq war has been torpedoed by John Howard's own intelligence agency.
The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well.
It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.
Rates of black poverty have decreased. Black teen-pregnancy rates are at record lows - and the gap between black and white teen-pregnancy rates has shrunk significantly. But such progress rests on a shaky foundation, and fault lines are everywhere.
I didn't write my speech until the night before, and even then I refused to write it out like I would say it, preferring to keep cribbed notes I could come back to if necessary. I wanted this to feel like a conversation because it was what I wanted to say that mattered, not how it looked on paper.
America has never been an empire. We may be the only great power in history that had the chance, and refused - preferring greatness to power and justice to glory.
When you've been brought up in variety, I think timing is always important in your life. If I'm ever late for anything, whether it's personal or business, I always apologise. 'I'm sorry I'm late,' and all that. And if somebody is late meeting me, I expect them to say 'I'm sorry I'm late.' It's just, shall we say, showbiz etiquette of my day.
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.
"Make America great again." You know, to a lot of people, well, that's jingoistic. That's nationalism. That's cheap, that's rank, that's not a movement.
When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.
The degree of monetary policy ease should be associated with the level of real interest rates, not nominal interest rates.
Stock price multiples are negatively correlated with real interest rates. As interest rates rise, the market multiple will fall.
And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms.
Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.
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