This study partitions the total variance in rate of return among FTC Line of Business reporting units into industry factors (whatever their nature), time factors, factors associated with the corporate parent, and business-specific factors. Whereas Schmalensee (1985) reported that industry factors were the strongest, corporate and market share effects being extremely weak, this study distinguishes between stable and fluctuating effects and reaches markedly different conclusions. The data reveal negligible corporate effects, small stable industry effects, and very large stable business-unit effects. These results imply that the most important sources of economic rents are business-specific; industry membership is a much less important source and corporate parentage is quite unimportant.
Richard RumeltRelated topics
business corporate datum different fluctuating industry large less line market membership nature parent parentage quite rate return reveal share small source stable study time total variance whatever whereas reporting ftc reaches rents effectsRelated quotes
I want to make sure you keep your eyes on the ball, that is, the two basic missions of a central bank. The first is maintaining macroeconomic stability: maintaining stable growth and keeping inflation low and stable. The principal policy tool for maintaining macroeconomic stability is monetary policy. In normal times, the Fed and other central banks use open market operations-purchases and sales of securities in markets-to move interest rates up or down, and in doing so try to create a more stable macroeconomic environment.
The second part of a central bank's mission is maintaining financial stability. Central banks are focused on trying to ensure that the financial system functions properly, and in particular, they want to prevent, if possible, and if not, to mitigate the effects of a financial crisis or a financial panic.
Ben Bernanke
It is a false doctrine that labor must assume all management. Those best suited for management must manage, whatever may lie their source. Every industry is searching eagerly for brains. My observation convinces me that most business firms pledged to welfare work are interested in their employed; they often remain open in order to protect those who serve them, even though it might be more profitable for them to close down. People need to stop to think, when the laborer clamors against the unorganized labor market, whether the menace is from the immigrant or from some other source. For no business enterprise wishes its help to leave that it may employ others; the turnover is one of the most expensive things industry has to face. The expense of breaking in new help is appalling.
Calvin Coolidge
Donald J. Trump is calling for a total and complete shutdown of Muslims entering the United States until our country's representatives can figure out what is going on... According to Pew Research, among others, there is great hatred towards Americans by large segments of the Muslim population. Most recently, a poll from the Center for Security Policy released data showing "25% of those polled agreed that violence against Americans here in the United States is justified as a part of the global jihad" and 51% of those polled, "agreed that Muslims in America should have the choice of being governed according to Shariah." Shariah authorizes such atrocities as murder against non-believers who won't convert, beheadings and more unthinkable acts that pose great harm to Americans, especially women.
Donald Trump
Once helium burning has occurred... the next possible reaction-carbon burning-is not necessarily slow... This reaction involves ...a strong as opposed to a weak interaction. ...Carbon burning results in magnesium. ...Taking a cross section of a highly evolved star would reveal a system of many layers. The inner layers have been subjected to the largest pressures, thereby forced to the highest temperatures, and burned the furthest; the outermost layers, by contrast, have not burned at all. Thus, as we proceed from outside in, there will be an outermost layer with the initial mix of hydrogen and helium, a layer of mostly helium, a layer of carbon, a layer of magnesium, and so on. ...So we arrive at the picture of a star, in the latest stages of its evolution... now composed of mostly carbon nuclei and other explosive material.
Frank Wilczek
Data management housekeeping is not the only problem to plague oversimplified approaches to high speed computation. The physical problems which are of practical interest tend to have rather significant complications. Examples of these complications are as follows: boundaries are likely to be irregular; interiors are likely to be inhomogeneous; computations required may be dependent on the states of the variables at each point; propagation rates of different physical effects may be quite different; the rate of convergence, or convergence at all, may be strongly dependent on sweeping through the array along different axes on succeeding passes; etc. The effect of each of these complications is very severe on any computer organization based on geometrically related processors in a paralleled processing system.
Gene Amdahl
