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Reuters: Business News
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| Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. |
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Oil falls to $47 on profit-taking
SINGAPORE (Reuters) - U.S. crude prices fell by more than $1 a barrel on Tuesday on profit-taking, after surging 5 percent overnight on fears that Israel's deepening incursion into Gaza...
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Asia stocks edge up for 7th day
HONG KONG (Reuters) - Asian stocks inched higher for a seventh day on Tuesday on hopes for a global economic recovery later in 2009, but the yen's gains against high-yielding...
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Toyota says plans 11-day factory halt in Japan
TOKYO (Reuters) - Toyota Motor Corp , the world's biggest automaker, is to halt production at all its Japanese plants for a total of 11 days in February and March...
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Merrill brokerage chief McCann to leave
NEW YORK (Reuters) - Bob McCann, head of brokerage at Merrill Lynch & Co, announced his plans to leave the securities firm, just days after its acquisition by Bank of...
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Prosecutors seek to jail Madoff
NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to...
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Car sales plunge heralding bleak 2009
DETROIT (Reuters) - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor and Toyota Motor Corp as the battered industry closed...
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Apple's Jobs reassures investors about his health
NEW YORK (Reuters) - Apple Inc Chief Executive Steve Jobs sought to soothe investor concerns about his health on Monday, saying his weight loss was caused by a hormone imbalance...
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Economists seek solutions, signs of life in housing
SAN FRANCISCO (Reuters) - Top economists at the Allied Social Sciences Association's annual meeting have been searching -- in some cases, in vain -- for signs of life in the...
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Cigna to cut 1,100 jobs, citing weak economy
LOS ANGELES (Reuters) - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it...
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Fed buys MBS in latest unconventional move
NEW YORK (Reuters) - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing...
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Inspirational Quotes:
"Every man has a property in his own person. This nobody has a right to, but himself."
– John Locke
Second Treatise of Civil Government - 1690
"War is the health of the State."
– Randolph Bourne
"War is the Health of the State"- Date Unknown
"It is not the business of the law to make anyone good or reverent or moral or clean or upright."
– Murray N. Rothbard
For a New Liberty - 1973
"The only proper purpose of a government is to protect man's rights, which means: to protect him from physical violence."
– Ayn Rand
Capitalism: The Unknown Ideal - 1946
“When the Government fears the people, the people live in FREEDOM,
but when the People fear the Government, the People live in Tyranny."
— Thomas Jefferson
“The Framers of the Bill of Rights did not purport to “create” rights.
Rather, they designed the Bill of Rights to prohibit our Government
from infringing rights and liberties presumed to be preexisting.”
— Justice William J. Brennan, 1982
“The care of human life and happiness and not their destruction is
the first and only legitimate object of good government.”
— Thomas Jefferson
“Government is not reason. Government is not eloquence. It is force.
And, like fire, it is a dangerous servant and a fearful master.”
— George Washington
"The spirit of resistance to government is so valuable on certain occasions,
that I wish it always to be kept alive."
— Thomas Jefferson
“I believe there are more instances of the abridgment of the freedom of the people by the
gradual and silent encroachments of those in power, than by violent and sudden usurpations.”
— James Madison
“Neither the wisest Constitution or the wisest laws will secure liberty and happiness of
a people whose manners are universally corrupt. He therefore is the truest friend of the
liberty of his country who tries most to promote its virtues.”
— Samuel Adams
"I believe that banking institutions are more dangerous to our liberties than standing armies."
— Thomas Jefferson
“Government big enough to supply everything you need is big enough to take everything you
have. The course of history shows that as a government grows, liberty decreases.”
— Thomas Jefferson
"Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide."
– John Quincy Adams
Letter to John Tayler - 1814
"They that can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."
–Benjamin Franklin
Pennsylvania Assembly: Reply to the Governor - 1755
"If you are not free to choose wrongly and irresponsibly, you are not free at all."
– Jacob Hornberger -1995
"Government is not reason; it is not eloquence; it is force. Like fire, it is a dangerous servant and a fearful master."
– George Washington
"Peace, commerce and honest friendship with all nations; entangling alliances with none."
– Thomas Jefferson
Inaugeral Address -- 1801
"Democracy must be something more than two wolves and a sheep voting on what to have for dinner."
– James Bovard
Lost Rights: The Destruction of American Liberty - 1994
"The urge to save humanity is almost always a false front for the urge to rule."
– H.L. Mencken
Prejudices: First Series - 1919
"Extremism in the defense of liberty is no vice. Moderation in the pursuit of justice is no virtue."
– Barry Goldwater
Acceptance Speech as the 1964 Republican Presidential candidate - 1964
"Liberty is not a means to a political end. It is itself the highest political end."
– Lord Acton
The History of Freedom in Antiquity - 1877
"The power to tax is the power to destroy."
– John Marshall
McCulloch v. Maryland - 1819
"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience."
– C. S. Lewis
God in the Dock - 1948
"Vices are simply the errors which a man makes in his search after his own happiness. Unlike crimes, they imply no malice toward others, and no interference with their persons or property."
– Lysander Spooner
Vices Are Not Crimes - 1875
"The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbor to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg."
– Thomas Jefferson
Notes on the State of Virginia - 1781
"The government was set to protect man from criminals – and the Constitution was written to protect man from the government."
– Ayn Rand
The Virtue of Selfishness - 1964
"It is much more important to kill bad bills than to pass good ones."
– Calvin Coolidge
Letter to his father - 1906
"First they came for the Jews, but I did nothing because I'm not a Jew. Then they came for the socialists, but I did nothing because I'm not a socialist. Then they came for the Catholics, but I did nothing because I'm not a Catholic. Finally, they came for me, but by then there was no one left to help me."
– Pastor Father Niemoller
“First They Came…” - 1946
"The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another."
– Milton Friedman
"When buying and selling are controlled by legislation, the first things to be bought and sold are legislators."
– P.J. O'Rourke
Why I Am a Conservative - 1996
"The strongest reason for the people to retain the right to bear arms is, as a last resort, to protect themselves against tyranny in government."
– Thomas Jefferson
Draft Constitution for Virginia - 1776
"Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production."
– Ludwig von Mises
Socialism: An Economic and Sociological Analysis - 1922
"Let the people think they govern and they will be governed."
– William Penn
Some Fruits of Solitude - 1693
"America's abundance was not created by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes."
– Ayn Rand
Capitalism: The Unknown Ideal - 1946
"Every man has a property in his own person. This nobody has any right to but himself. The labor of his body and the work of his hands are properly his."
– John Locke
Second Treatise of Civil Government - 1690
"I am interested in politics so that one day I will not have to be interested in politics."
– Ayn Rand
"Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone."
– Frédéric Bastiat
The State in Selected Essays on Political Economy - 1848
"If men are good, you don't need government; if men are evil or ambivalent, you don't dare have one."
– Robert LeFevre
"The most important element of a free society, where individual rights are held in the highest esteem, is the rejection of the initiation of violence. All initiation of force is a violation of someone else's rights, whether initiated by an individual or the state, for the benefit of an individual or group of individuals, even if it's supposed to be for the benefit of another individual or group of individuals. Legitimate use of violence can only be that which is required in self-defense."
– Congressman Ron Paul
Freedom Under Siege - 1987
"The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities."
– Ayn Rand
Capitalism: The Unknown Ideal - 1946
"The highwayman takes solely upon himself the responsibility, danger, and crime of his own act. He does not pretend that he has any rightful claim to your money, or that he intends to use it for your own benefit … Furthermore, having taken your money, he leaves you, as you wish him to do … He does not keep "protecting" you by commanding you to bow down and serve him; by requiring you to do this, and forbidding you to do that."
– Lysander Spooner
No Treason : The Constitution of No Authority - 1870
"I ask, sir, what is the militia? It is the whole people, except for a few public officials."
– George Mason.
Virginia Ratifying Convention - 1788
"Patriotism means loving our country, not the government."
– Michael Cloud
"The only thing necessary for evil to triumph is for good men to do nothing."
– Edmund Burke
"In the United States we have, in effect, two governments … We have the duly constituted Government … Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution."
– Congressman Wright Patman
"It is easy to be conspicuously "compassionate" if others are being forced to pay the cost."
– Murray N. Rothbard
Egalitarianism and the Elites - 1995
"It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society."
– Murray Rothbard
The Ethics of Liberty - 1982
"There can be no such thing, in law or in morality, as actions forbidden to an individual, but permitted to a mob."
— Ayn Rand
"All mankind... being all equal and independent, no one ought to harm another in his life, health, liberty or possessions."
– John Locke
Second Treatise of Civil Government - 1690
The Other Side:
"The theory of Communism may be summed up in one sentence: Abolish all private property."
– Karl Marx
Manifesto of the Communist Party - 1848
"We look upon authority too often and focus over and over again, for 30 or 40 or 50 years, as if there is something wrong with authority. We see only the oppressive side of authority. Maybe it comes out of our history and our background. What we don't see is that freedom is not a concept in which people can do anything they want, be anything they can be. Freedom is about authority. Freedom is about the willingness of every single human being to cede to lawful authority a great deal of discretion about what you do."
–Rudy Giuliani
Speech on Crime - 1994
"A single death is a tragedy, a million deaths is a statistic."
– Joseph Stalin
"The best political weapon is the weapon of terror. Cruelty commands respect. Men may hate us. But, we don't ask for their love; only for their fear."
– Heinrich Himmler
Quoted in "Visions of Reality - A Study of Abnormal Perception and Behavior" - by Alberto Rivas
"Think of the press as a great keyboard on which the government can play."
– Joseph Goebells
"Education is a weapon whose effects depend on who holds it in his hands and at whom it is aimed."
– Joseph Stalin
Interview with H.G. Wells - 1937
"It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything."
--Joseph Stalin
"A lie told often enough becomes truth."
– Vladmir Lenin
"Of course people don’t want war. Why should a poor slob on a farm want to risk his life in a war when the best thing he can get out of it is to come back to his farm in one piece?"
–Herman Goering
Nuremberg Trials - 1947
"Democracy is indispensable to socialism."
– Vladmir Lenin
“When the president does it, that means it’s not illegal.”
— Richard M. Nixon
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
–John Maynard Keynes
"In truth, the gold standard is already a barbarous relic."
–John Maynard Keynes
"There are no absolute rules of conduct, either in peace or war. Everything depends on circumstances."
– Leon Trotsky
"A dictatorship would be a heck of a lot easier, there's no question about it."
– George W. Bush
"The production of too many useful things results in too many useless people."
– Karl Marx
"Give me four years to teach the children and the seed I have sown will never be uprooted."
– Vladmir Lenin
"Naturally the common people don't want war; neither in Russia, nor in England, nor in America, nor in Germany. That is understood. But after all, it is the leaders of the country who determine policy, and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in any country."
–Herman Goering
"Give us the child for 8 years and it will be a Bolshevik forever."
– Vladmir Lenin
"One man with a gun can control 100 without one."
– Vladmir Lenin
"Patriotism is deeper than its symbolic expressions, than sentiments about place and kinship that move us to hold our hands over our hearts during the national anthem. It is putting the country first, before party or personal ambition, before anything."
– John McCain
"We must stop thinking of the individual and start thinking about what is best for society."
– Hillary Clinton
"It is well enough that people of the nation do not understand our banking and monetary system,
for if they did, I believe there would be a revolution before tomorrow morning."
— Henry Ford
"The best way to destroy the capitalist system is to debauch the currency."
– Vladmir Lenin
"If you can cut the people off from their history, then they can be easily persuaded."
– Karl Marx
"The broad masses of a population are more amenable to the appeal of rhetoric than to any other force."
– Adolf Hitler
"I believe in a zone of privacy."
– Hillary Clinton
"Germans who wish to use firearms should join the SS or the SA – ordinary citizens don't need guns, as their having guns doesn't serve the State."
– Heinrich Himmler
"Many of you are well enough off that the tax cuts may have helped you. We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to take things away from you on behalf of the common good."
– Hillary Clinton
"This year will go down in history. For the first time, a civilized nation has full gun registration. Our streets will be safer, our police more efficient, and the world will follow our lead into the future!"
– Adolph Hitler [1935] The Weapons Act of Nazi Germany.
"From each, according to his ability; to each, according to his need."
– Karl Marx
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