Journalism should never be prostituted for selfish ends or for the sake of merely earning a livelihood or, worse still, for amassing money.
We have an idea that if something we're doing isn't actually earning money, or spending it, then it's completely worthless. But if you start to work less, you can actually start to give more to society, but on a local level.
The person earning the federal minimum wage of $7.25 isn't going out to eat at restaurants. They're not taking piano lessons. They're not going to the gym or the yoga studio. They're not sending mom flowers on Mother's day. What good is this person in the economy? If you raise it to $15 an hour, they're doing all of those things. And all of a sudden, not just business thrives, but small business thrives.
Live comedy's a very reckless, foolhardy profession. You're only as good as your last gig so earnings fluctuate.
As precious as knowledge itself is the learning. As precious as any reward is the earning.
I don't believe that art and politics or social issues must be separated. In writing about marriage, for example, money can be a big factor, and money is linked to earning, and earning is influenced by politics.
Most of those coming from the mainland are very destitute, almost naked. I am trying to find places for those able to work, and provide for them as best I can, so as to lighten the burden on the Government as much as possible, while at the same time they learn to respect themselves by earning their own living.
The summum bonum of this [Puritan] ethic is the earning of more and more money combined with the strict avoidance of all enjoyment.
To only a fraction of the human race does God give the privilege of earning one's bread doing what one would have gladly pursued free, for passion.
Unless the human race perspire more than I do, there is no occasion to live by the sweat of their brow. If men cannot get on without money (the smallest amount will suffice), the truest method of earning it is by working as a laborer at one dollar per day. You are least dependent so; I speak as an expert, having used several kinds of labor.
Ordinary human concern for human distress does not manifest itself ordinarily in the form of a gun aimed at the wallets and earnings of one's neighbors.
You don't appreciate home until you leave it and, let me tell you, you can't appreciate life till you've almost left it! Some people hope and die with their song still in them. I used to think that happiness resulted when my earnings matched my yearnings! But not anymore!
Earning money is not a sin, and the bottom line is growth.
Resentment is not morally superior to earning money.
I want to see everyone contribute to the overall costs of the system, and with their entire earnings. I'm convinced that an objective discussion will reveal that the differences between the parties, which have been greatly exaggerated in some quarters, aren't that significant after all.
The discrepancy between equity earnings yields and Treasury yields is at an all time high
So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things like Merrill's recapitalization of Sierra Pacific. I guess including "helping Enron achieve its earnings goals in 1999" might be a little awkward given that Merrill Lynch bankers are currently on trial in Houston for that "accomplishment."
God forbid that Americans earning, say, more than $1 million a year be asked to pony up a little more in taxes to support a larger military at a time when, we are told over and over, the country is in the middle of a war on terror. Millionaires can't be asked to sacrifice even just a little bit. No, they deserve to have their taxes cut while others fight and die.
The essence of any plan for financing old age is saving-to put aside some part of today's earnings for the future. Anything that saps the value of savings-and inflation is the worst single threat-is the enemy of the aged and of those who expect to grow old.
For Social Security to be financially sound, the federal government should have $100 trillion - a sum of money six-and-a-half times the size of our entire economy - in the bank and earning interest right now. But it doesn't. And while many believe that Social Security represents our greatest entitlement problem, Medicare is six times larger in terms of unfunded obligations.
Recipients of transfers tend to become less self-reliant and more dependent on government payments. When people can get support without exercising their own abilities to discover and respond to opportunities for earning income, those abilities atrophy. People forget - or never learn in the first place - how to help themselves, and eventually some of them simply accept their helplessness.
I can remember the time when, if we wanted a house or housing, we relied on private enterprise. In fact, Americans built more square feet of housing per person than any other country on the face of the earth. Despite that remarkable accomplishment, more and more people are coming to believe that the only way we can have adequate housing is to use government to take the earnings from some and give these earnings, in the form of housing, to others.
My goal is to buy a company at a low multiple to normal earnings power several years out and that the company earns good returns on capital at that level of normal earnings. A holding period of more than one year also works quite well as the factors are persistent in years 2 and 3.
Everyone caved, adopted loose [accounting] standards, and created exotic derivatives linked to theoretical models. As a result, all kinds of earnings, blessed by accountants, are not really being earned. When you reach for the money, it melts away. It was never there. It [accounting for derivatives] is just disgusting. It is a sewer, and if I'm right, there will be hell to pay in due course. All of you will have to prepare to deal with a blow-up of derivative books.
I think there's an awful lot of twaddle and bullshit on EVA. The whole game is to turn retained earnings into more earnings. EVA has ideas about cost of capital that make no sense. Of course, if a company generates high returns on capital and can maintain this over time, it will do well. But the mental system as a whole does not work.
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