"[A]nother factor in maintaining balance involves the element of time. As we peer into society's future, we -- you and I, and our government -- must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow."

"Down the long lane of the history yet to be written America knows that this world of ours, ever growing smaller, must avoid becoming a community of dreadful fear and hate, and be instead, a proud confederation of mutual trust and respect."


Spain's Banking Sector is Rock Solid. No, Really. Oliver Wyman Says It's So

From The NY Times:
[T]he number was within the range of previous estimates and well below the potential 100 billion euros, or $128.8 billion, in bailout money Spain negotiated with the other members of the euro zone union in June.
And of the 14 banks assessed by the consulting firm Oliver Wyman, half are not in need of any emergency funds, including Santander, BBVA and La Caixa — the country’s three largest financial institutions.
and the European Commission both issued statements Friday, applauding the audit and expressing support for Spain. “This is a major step in implementing the financial assistance program and toward strengthening the viability of and confidence in the Spanish banking sector,” the commission, the administrative arm of the European Union, said in a statement.
The independent report, which Oliver Wyman based on its own work...
But wait. Let's check out some other results from Oliver Wyman:

Re-Post From 11/13/2010


Today We Are All Spaniards In Support of Liberty

Democracy.. is two wolves and a lamb voting on what to have for lunch. Liberty ... is a well-armed lamb contesting the vote. -- Benjamin Franklin

A protester holds a sign that reads 'Without fighting, neither bread nor freedom'
Picture: Reuters