It turns out that for every ipod sold by Apple, it makes the US trade deficit go up by USD 150. Is the US poorer because the world loves ipods? No, we accrue the high-value elements like intellectual property, profit, and so forth, and outsource the lower-value parts of the chain.
— Marc Chandler Chief Strategist & Senior Currency Strategist at Bannockburn Global ForexIt's amusing when you ask people, well name someone who became rich as a hedge fund client?
inspires because it has a huge emotional component, everybody feels very attached to it. At the same time, it's incredibly complex- and full of mind-bogglingly stupid things that make it more complex than it needs to be
You have to put people first; you have to think about the society you're living in, what's good about it, and what kind of world you want. You have to also consider how that technology can have a positive impact on the world.
They don't just dive into a project; they begin by exploring its purpose. If they're working with a client, their first question is often, 'Why are you undertaking this project?' They don't move forward until they have a clear understanding of this 'why', dedicating considerable time to uncover its various facets.
I think music is a way for God to speak to humans. We have a connection through music that we can't find anywhere else. I believe that's why music is so important for society- its connection- its healing.
Before you succeed, you must first learn to fail. If you keep repeating the same thing, you're always going to fail, you need to adjust. We have to look at failures and use them as an educational tool.
Steve Jobs forced me to figure out what was important to me, and who I was. He demanded that everybody in the room had to be at the top of their game, the best in their field… He was challenging people every day to do their best work and rise above their own talents. He hired the most brilliant people and pushed them to go further.
You don't pick an aesthetic in abstract – you need to have a core point, a core reason to make a film, and the form of aesthetic springs from that necessity. Everything has to relate to that core intention.
Despite romantic notions about laws of war being found in on Cyrus' Cylinder, (circa 539 BC) or in the Bible's Book of Deuteronomy, effective legal frameworks didn't emerge until the latter part of the 19th Century. They began with the American Lieber Code – military law for wartime conduct applied by Abraham Lincoln to the Union side in the American Civil War – and the first Geneva Convention, followed by the Hague Conventions, and now found in the modern iteration of the Geneva Conventions and their protocols.
In the long-term there is no way to reconcile the conflict of interest between serving the user and the advertiser.
Tonight, anyone who truly understands what justice is and what it requires of a society is ashamed to call himself an American.
He was a powerful figure who amassed considerable wealth for a select few—if they were fortunate and early enough in his scheme. Despite the exorbitant returns that should have raised eyebrows, those benefitting often turned a blind eye, choosing not to question the source of their profits. Yes, there were individuals who asked probing questions, but Madoff had crafted such an aura of invulnerability around himself that any questioning was met with swift exclusion from his investment circle. He was effectively untouchable.