A Quote by Thabo Mbeki

I think the critical point, really, is that we need to focus black economic empowerment more on the creation of new wealth rather than on these big deals that have been characteristic of this process in the past, of people going to banks, borrowing a lot of money, buying this and when the shares don't perform very well, the shares go back to the banks, because there's other people who own this anyway. I think we need to re-focus it so that it really does impact on growth, new investment, new employment and a general, better spread of wealth in South Africa.

Thabo Mbeki

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Africa Anyway Back Banks Because Been Better Big Big Deal Black Borrowing Buying Characteristic Creation Critical Deals Does Economic Economic Empowerment Employment Empowerment Focus General Go Going Growth Impact In The Past Investment Lot Money More Need New Other Own Past People Perform Point Process Rather Really Shares South South Africa Spread Than Think Very Wealth Well

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Thabo Mbeki
South African - Statesman
Born: June 18, 1942

We can't treat the matter of black economic empowerment as just the redistribution of existing wealth. It really has to focus on new investment, on growth, on development of employment and so on and so on.

Thabo Mbeki

People have to pay so much money to the banks that they don't have enough money to buy the goods and services they produce. So there's not much new investment, there's not new employment (except minimum-wage "service" jobs), markets are shrinking, and people are defaulting. So many companies can't pay their banks.

Michael Hudson

Should we think about separating the investment banks from the commercial banks, a new Glass-Steagall? I would be really excited to see that. I think it would be great for the economy.

Kenneth C. Griffin

The best stock a man can invest in, is the stock of a farm; the best shares are plow shares; and the best banks are the fertile banks of a rural stream; the more these are broken the better dividends they pay.

Henry Ward Beecher

We need a new Latin American policy that is bold - different. We need to focus on building civil society, focus on the lack of infrastructure. We need look at ways to foster economic opportunity. There needs to be a more comprehensive economic vision in the region.

Mel Martinez

I pay attention to what's going on around me. I'm always looking for new energy, new talent, new voices. When you do that I think it's easier to come up with fresh ideas. It's not that my career has been based on surprising people, but it's been about challenging myself - to constantly do new things that are going to broaden my own mind and in the process, hopefully, connect with other people.

Madonna Ciccone

Don´t be unnecessarily burdened by the past. Go on closing the chapters that you have read; there is no need to go back again and again. And never judge anything of the past from the new perspective that is arriving, because the new is new, incomparably new and the old was right in its own context, and the new is right in its own context.

Rajneesh

Separating out banks and investment banks right now under Glass-Steagall would have very big implications to the liquidity and the capital markets and banks being able to perform necessary lending.

Steve Mnuchin

The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?

Anurag Thakur

I think the downloadable scene in general is really, really interesting for developers because it's low-risk. It doesn't require as much money as a triple-A title. And it's a great proving ground for new IPs, new concepts, new ideas - things that I think I, as a developer, find really attractive.

Kim Swift

People tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.

Michael Hudson

Today we are on the brink of another extraordinary revolution. The Information Age is already over and an exciting new epoch is taking its place. Remember, the key point is this: When wealth is derived from a new source - say information rather than industry - a new economic era is born.

Patricia Aburdene

I think we'll start defining wealth and success differently and develop new approaches to consumption. Things that have always signified wealth and security - home ownership, new cars, luxury goods - have become a burden for many people and will be replaced by more experiential consumption like travel and recreation, self-improvement, and so on. By divesting themselves of certain big-ticket possessions that have been keeping them tied down, people will gain a new freedom to live more meaningful lives. Changes in consumption and lifestyle are key to Great Resets.

Richard Florida

Well, I know from some of my own experience, and many of my friends' experiences, when going through that sort of program. The whole addiction game really forces you to focus on what brings you there and accept the only way out. So once you really put this focus on getting better and figuring out what your flaws are, that's what brings you back. I think she could've been more reckless and shown up earlier, but I wasn't really available to come back.

Drea De Matteo

In America, we need to go forward in nationalizing several large corporations: I think that's possible; we nationalized General Motors; we nationalized several of the big banks, de facto; we nationalized Chrysler; we nationalized AIG. I think there will be more crises, and at some point, rather than being bailed out by the government, the public may keep the corporations it has to rescue.

Gar Alperovitz

Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. Hence the fact that central banks are trying to increase their holdings. They've got a long way to go to get where they need to be.

Peter Schiff

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