As a result of uncertainties caused by the French referendum, massive speculative flows have continued to disrupt the functioning of the exchange rate mechanism. As Chairman of Ecofin I have tonight called an urgent meeting of the EC's monetary committee to consider how stability might be restored to the markets over the next few days. In the meantime the Government has decided that Britain's best interests would be best secured by suspending our membership of the ERM with immediate effect. As a result, the second of the two interest rate rises announced today will not take effect.
Norman LamontRelated topics
best chairman committee continued decided effect exchange few french government interest massive might meantime mechanism meeting membership next rate referendum result second stability take tonight today days functioning erm interestsRelated quotes
It is conceivable that animal life might have the attribute of using the heat of surrounding matter, at its natural temperature, as a source of energy for mechanical effect.... The influence of animal or vegetable life on matter is infinitely beyond the range of any scientific enquiry hitherto entered on. Its power of directing the motions of moving particles, in the demonstrated daily miracle of our human free-will, and in the growth of generation after generation of plants from a single seed, are infinitely different from any possible result of the fortuitous concurrence of atoms.
William Thomson
On May 7, a few weeks after the accident at Three-Mile Island, I was in Washington. I was there to refute some of that propaganda that Ralph Nader, Jane Fonda and their kind are spewing to the news media in their attempt to frighten people away from nuclear power. I am 71 years old, and I was working 20 hours a day. The strain was too much. The next day, I suffered a heart attack. You might say that I was the only one whose health was affected by that reactor near Harrisburg. No, that would be wrong. It was not the reactor. It was Jane Fonda. Reactors are not dangerous.
Edward Teller
As an advocate of birth control I wish ... to point out that the unbalance between the birth rate of the 'unfit' and the 'fit,' admittedly the greatest present menace to civilization, can never be rectified by the inauguration of a cradle competition between these two classes. In this matter, the example of the inferior classes, the fertility of the feeble-minded, the mentally defective, the poverty-stricken classes, should not be held up for emulation.... On the contrary, the most urgent problem today is how to limit and discourage the over-fertility of the mentally and physically defective.
Margaret Sanger
The presently existing global financial and monetary system will disintegrate during the near term. The collapse might occur this spring, or summer, or next autumn; it could come next year; it will almost certainly occur during President William Clinton's first term in office; it will occur soon. That collapse into disintegration is inevitable, because it could not be stopped now by anything but the politically improbable decision by leading governments to put the relevant financial and monetary institutions into bankruptcy reorganization.
Lyndon LaRouche
Today there really aren't that many Fundamentalists left; I don't know if you know that or not, but they are such a minority; there aren't that many Fundamentalists left in America. ... Now the word "fundamentalist" actually comes from a document in the 1920s called the Five Fundamentals of the Faith. And it is a very legalistic, narrow view of Christianity, and when I say there are very few fundamentalists, I mean in the sense that they are all actually called fundamentalist churches, and those would be quite small. There are no large ones.
Rick Warren
