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The market is now factoring in that first-quarter earnings will likely be below consensus. And the reality is that economic growth is probably going to be between 3.5 percent and 4 percent, which is good but maybe not as strong as what some people were hoping for.
We have to deal with reality. The reality is, we have a number a very high number of illegal immigrants in this country. They're meeting an important economic need. And we are a nation of laws, and we're a nation of immigrants. And if we're going to address the real threats, then we need to have a temporary worker program to allow our Border Patrol agents to focus on the criminals and the thugs and the terrorists and the traffickers and smugglers that are trying to come into this country illegally.
Every time economic and technical development takes a step forward, forces emerge which attempt to create political forms for what, on the economic-technical plane, has already more or less become reality.
The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore. Then we need to worry about earnings. What gave us a really strong move in stock prices from late May until about two weeks ago was this heightened optimism that maybe interest rates are at that high. That gave you a relief rally. Now reality is setting in - if we've seen the worst on interest rates then we've seen the best on earnings.
What we're trying to look for is a process that is not responding to political pressures, but one that is responding to economic reality, because I do believe ... that it's in the best interest of the Chinese people to allow a market-based currency.
If we look to the future, when we talk about outsourcing jobs, when we talk about global competitiveness and our efficiency, none of that matters very much unless we have appropriate training and education for our young people today who are the workforce of tomorrow. It is an economic reality, and we are failing.
It is one of the happy incidents of the federal system that a single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.
We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays.
President Eisenhower saw it coming, and it is here. Patriotism no longer exists among many of these corporations. Some companies have more economic clout than entire countries. They can make or break a politician.
Freedom requires that government keep the channels of competition and opportunity open, prevent monopolies, economic abuse and domination.
Since the foundation of the State of Israel, the United States has stood by her and helped her to pursue security, peace, and economic growth. Our friendship is based on historic moral and strategic ties, as well as our shared dedication to democracy.
The Greeks invented the idea of nemesis to show how any single virtue, stubbornly maintained gradually changes into a destructive vice. Our success, our industry, our habit of work have produced our economic nemesis. Work made modern men great, but now threatens to usurp our souls, to inundate the earth in things and trash, to destroy our capacity to love and wonder.
The reality is that zero defects in products plus zero pollution plus zero risk on the job is equivalent to maximum growth of government plus zero economic growth plus runaway inflation.
We have believed - and we do believe now - that freedom is indivisible, that peace is indivisible, that economic prosperity is indivisible
Economic losses like this are really as serious a problem as embezzlement and corruption.
In its broadest ecological context, economic development is the development of more intensive ways of exploiting the natural environment.
Conventional economic theory... counts the depletion of resources as the accumulation of wealth.
Today women in many countries are taking part in various types of movements of protest, some of which are serious struggles for economic and social emancipation .
Commercial interests with their advertising industry do not want people to develop contentment and less greed. Military interests in economic, political, ethnic or nationalist guises, do not want people to develop more tolerance, nonviolence and compassion. And ruling groups in general, in whatever sort of hierarchy do not want the ruled to become too insightful, too independent, too creative on their own, as the danger is that they will become insubordinate, rebellious, and unproductive in their alloted tasks.
Journalism has always existed in two different realities . . . the economic marketplace and [the] special institution to serve the public interest. The traditional balance between those two has become destabilized. Economic reality has taken over.
I would wager that my job has helped save our economy from the economic ravages of out-of-control environmental extremism. I view my job a little like a legislator, supported by the taxpayer, to protect the interests of the taxpayer and to minimize the role of government.
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