It was the FLP that was committed to reducing the cost of doing business and started by lowering the cost of utilities, and requested the commercial banks and lending organizations to reduce their fees, charges and interest rates. The FLP also moved to reduce public expenditure, which saw a saving of $96 million in its year in office. It was also the FLP, which lowered interest in Housing Authority home loans from 12 per cent to 6 per cent for those on lower incomes. It was the aggregate effect of this and a range of other measures of tight fiscal control, investment in key growth areas and a firm hand on curbing corruption that saw the economy record an unprecedented growth of 9.6% in 1999.
Mahendra ChaudhryRelated topics
aggregate authority business cent commercial commit control corruption cost curbing economy effect expenditure firm fiscal growth hand home housing interest investment key lending lower lowering million office per public range record reducing reduce saving saw year banks ratesRelated quotes
Hold somebody's hand and feel its warmth. Gram per gram, it converts 10 000 times more energy per second that the sun. You find this hard to believe? Here are the numbers: an average human weighs 70 kilograms and consumes about 12 600 kilojoules / day; that makes about 2 millijoules / gram.second, or 2 milliwatts / gram. For the sun it's a miserable 0.2 microjoules / gram.second. Some bacteria, such as the soil bacterium "Azotobacter" convert as much as 10 joules / gram.second, outperforming the sun by a factor 50 million. I am warm because inside each of my body cells there are dozens, hundreds or even thousands of mitochondria that burn the food I eat.
Gottfried Schatz
In preparing this record, penned by my own hand, of my life and my participation in our great struggles for national existence, human liberty and political equality, I make no pretence to literary merit. The motive that induces me is not authorship. The import of the subject matter of my narrative is my only claim to attention. The statements of facts are a matter of documentary evidence. The comments are my own and show how I saw the matters treated of, whether others saw them in the same light or not. Respectfully dedicating this work to the millions of armed men and devoted women who participated in the great wars of this country, I leave it as a heritage to my wife and son.
Douglas MacArthur
I have a foreboding of an America in my children's or grandchildren's time -- when the United States is a service and information economy; when nearly all the manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what's true, we slide, almost without noticing, back into superstition and darkness.
Carl Sagan
[The] Bank of the United States... is one of the most deadly hostility existing, against the principles and form of our Constitution... An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?
Thomas Jefferson
The professional administrators - especially those at higher levels - serve key roles at the boundary of the organization, between the professionals inside and interested parties - governments, client associations, and so on - on the outside. On the one hand, the administrators are expected to protect the professionals' autonomy, to "buffer" them from external pressures. On the other hand, the administrators are expected to woo these outsiders to support the organization, both morally and financially. Thus, the external roles of the manager-maintaining liaison contacts, acting as figurehead and spokesman in a public relations capacity, negotiating with outside agencies-emerge as primary ones in professional administration.
Henry Mintzberg
