14 quotes found
"It’s not as if there’s infinite wealth. There are thousands of new luxury units coming on the market, and the question is, who will buy them? If people start losing jobs, who can afford to pay 2, 3, 4, 5 million dollars? Do you know 10,000 new investment bankers on Wall Street?"
"I think globalization actually maintains and fosters various elements of national and cultural identities. I don’t think everything is being homogenized. If anything, your food, your culture, and your ethnicity might become part of the globalized world, and thus absorbed by other countries."
"Janera:: Do you think then that it’s good that the French are abolishing the headscarves or the yarmulke? Roubini: I’m not in favor of restricting what people wear. It’s counterproductive and creates more separation. The effect of the French policy is that children will attend a religious school and won’t be exposed to the secular education that France offers. They won’t learn the value of western modern secular values."
"The challenge we face is how to integrate the Muslim world into the global economy. Asia has become part of it, but not Africa or the Middle East.One could realistically think about a Marshall Plan with respect to this part of the world, to succeed in integrating the Muslim and Arab world into the global economy as we did in Europe after World War II. For example, we’ve wasted hundreds of billions of dollars on the Iraq war. Had we taken a third of this money and invested it into a Marshall Plan for the Middle East, the benefits would have been ten times more than wasting it on a war."
"Reckless people have deluded themselves that this was a subprime crisis. But we have problems with credit-card debt, student-loan debt, auto loans, commercial real estate loans, home-equity loans, corporate debt and loans that financed leveraged buyouts... We have a subprime financial system, not a subprime mortgage market."
"Our biggest financiers are China, Russia and the gulf states. These are rivals, not allies."
"The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown."
"(During the Italian crisis, about the proposal of replacing Silvio Berlusconi with Angelino Alfano, as the new Prime Minister of Italy) Replacing Berlusconi with one of his servile lackeys is unacceptable. Italy needs a credible government run by a respected & competent leader (2011-11-08"
"Cryptocurrencies have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors. Yet, despite the overwhelming evidence of rampant fraud and abuse, financial regulators and law-enforcement agencies remain asleep at the wheel."
"We cannot achieve price stability, maintain economic growth and have financial stability at the same time. So in the end we will have an economic and financial collapse."
"Young people have taken part in remarkable political mobilisation in the last year. They have participated in global climate change strikes and demonstrations and protests against ruling elites, corruption and inequality in countries such as Algeria, Sudan, Tunisia, Iraq and Libya. However, my research shows that they can be excluded from decision-making and processes. In particular, young people frequently think that their messages are devalued or ignored. Young people are often perceived as vulnerable and in need of protection. Yet they can be simultaneously viewed as dangerous, violent and uncontrollable. These views have long dominated attitudes towards youth. Moreover, popular beliefs about young people’s lack of experience and has meant that many people are ignorant about their contribution to political debate. This has also led to a failure by political leaders to acknowledge young people’s potential to bring about political change."
"During my fieldwork in Cyprus, I observed what is known as “adult territoriality”, in which the politics is mainly dominated by older men, and they do not allow young people to take part in any type of governmental body. As one young Cypriot told me, “political parties are hesitant to encourage youth candidates in politics and they don’t have any intention to open the doors to youth either”. This prevents young people from being included in politics, decision-making or peacebuilding. [...] Cyprus is not alone in this regard. Youth-led demonstrations often receive criticism, such as calls for youth climate activist Greta Thunberg to “shut up and go back to school”. And sometimes, young activists are more directly sidelined: Ugandan climate activist was cropped out of a photograph by after a press conference at the 2020 at . The marginalisation of youth activists of colour has also been a persistent trend."
"Most Cypriot young people are used to living in a divided country. However, some wish to see the division end and seek to contribute meaningfully to dialogue and cooperation between the two sides. [...] Cypriot youth may not be as politically active for peace as they were in the run-up to the 2004 referendum on the , or the period in 2011 when there was a movement to occupy the buffer zone between the north and south, and when young people were involved in demonstrations for peace. But the island’s youth still believe that they have a responsibility to find a peaceful solution to the “Cyprus problem”."
"Although countries are hesitant to include youth in politics, young people find alternative ways to cope with marginalisation and amplify their voices. This is apparent in the youth-led protests around the world. Young people are demanding to be leaders today, rather wait their turn in an elusive future."