It is the duty of those serving the people in public place closely to limit public expenditures to the actual needs of the government economically administered, because this bounds the right of the government to extract tribute from the earnings of labor or the property of the citizen, and because public extravagance begets extravagance among the people. We should never be ashamed of the simplicity and prudential economies which are best suited to the operation of a republican form of government and most compatible with the mission of the American people. Those who are selected for a limited time to manage public affairs are still of the people, and may do much by their example to encourage, consistently with the dignity of their official functions, that plain way of life which among their fellow-citizens aids integrity and promotes thrift and prosperity.
|
Earnings growth has been surprisingly low for drug stocks and there is more of that to come as we go through a cycle of patent expirations. But I think the stocks are close to being washed out and if you have patience they will do quite well over a longer period of time.
|
Out of love and hatred, out of earnings and borrowings and leadings and losses; out of sickness and pain; out of wooing and worshipping; out of traveling and voting and watching and caring; out of disgrace and contempt, comes our tuition in the serene and beautiful laws.
|
This was a very competitive group of entries. The judging was tremendously difficult. Each of the entries explored the power of Revenue Optimization techniques to generate significant cash flow and improved earnings under diverse circumstances. However, the winning entry demonstrated a very real and immediate potential to revolutionize the $200 billion fashion industry.
|
If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, and give the earnings of fifteen of these to the government for their debts and daily expenses; And the sixteenth being insufficient to afford us bread, we must live, as they do now, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains around the necks of our fellow sufferers; And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second, that second for a third, and so on 'til the bulk of the society is reduced to be mere automatons of misery, to have no sensibilities left but for sinning and suffering ... And the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.
|
The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation and distorts, unbalances, and shrinks production. Total real wealth and income is made smaller than it would otherwise be. On net balance there is more poverty rather than less.
|
In an up cycle, it is very difficult to forecast the velocity of the earnings growth. Therefore, Wall Street prices in a premium for these stocks because it's human nature to be conservative,
|
The earnings quality was weak because the earnings growth was driven by lines that are very hard to forecast or unpredictable like trading incomes and acquired loan portfolios. These were the lines that really drove the earnings results and were unusually high this quarter.
|
Instead of rising rapidly in the beginning and flattening out later, the earnings curves of most those who eventually become millionaires was the reverse; their income increased slowly, if at all, for many years. And then after two to three decades, it suddenly went through the roof.
|
I never knew an early-rising, hard-working, prudent man, careful of his earnings, and strictly honest who complained of bad luck.
|
The group is exceptionally well positioned for future growth in 2006 with a strong order book and good visibility of earnings, supported by a high level of recurrent revenues.
|
The earnings growth is a positive. The problem is that the ten-year note yield is currently standing at 4.85 percent and is pushing toward 5 percent and our friends at the Fed are not telling us when rate hikes are done.
|
When you lose small businesses, you lose big ideas. People who own their own businesses are their own bosses. They are independent thinkers. They know they can't compete by imitating the big guys; they have to innovate. So they are less obsessed with earnings than they are with ideas.
|
With survivor benefits, it's based on the deceased spouse's work and earnings, not yours.
|
Compared to the last two weeks, there are not too many scheduled events with the ability to move the entire market next week. So traders will try to make money by focusing on individual names and earnings reports.
|
We're seeing a general slowdown in earnings growth. That makes me more cautious on the outlook for stocks this year.
|
Barring a major economic dislocation, such as a big pickup in inflation, I think home builders can grow their earnings at a double digit basis for the next two to three years.
|
Technology has done well, not necessarily because of the crash, but because it has moved up the alert that the market's concentrating on a 2002 recovery. Rather than focusing on the earnings that are going to come out in the fourth quarter, people are looking forward rather than near-term.
|
Interest rates, to me, matter more than earnings growth. The prospect that rates are going up will revalue the whole market.
|
Any contracts will be awarded on merit. The politics is not putting a dent in Halliburton's earnings or their ability to win contracts.
|
Historically, S&P 500 earnings growth, on average, has been negative when the dollar has appreciated 10 percent or more in a 12-month period.
|
People are definitely keying off anything that has to do with the economy. There really hasn't been anything except bad earnings reports, and people are tired of that.
|