Mark Finance News

This business of acceptance is done not only by the great banks, but

Mark — Tue, 06 Jan 2009 18:00:14 +0000

also by a number of private firms with connections in foreign countries,
and at home, through which they place their names and credit at the
disposal of people less eminent for wealth and position, who pay them a
commission for the use of them
This business of acceptance is done not only by the great banks, but
also by a number of private firms with connections in foreign countries,
and at home, through which they place their names and credit at the
disposal of people less eminent for wealth and position, who pay them a
commission for the use of them.

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‘What are the Funds?’ The writer has been

Mark — Tue, 06 Jan 2009 10:00:17 +0000

asked this question over and over again, though
it seems scarcely credible that, in these days,
any person of ordinary intelligence should be
ignorant of the meaning of the term
‘What are the Funds?’ The writer has been
asked this question over and over again, though
it seems scarcely credible that, in these days,
any person of ordinary intelligence should be
ignorant of the meaning of the term. Unfor-
tunately these things are not usually taught in
our schools.

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If, then, the voice of international finance is so feeble when it is

Mark — Sat, 03 Jan 2009 10:00:08 +0000

raised against the terrible scourge of war, can it have much force on
the rare occasions when it speaks in its favour? For there is no
inconsistency with the view that finance is a peacemaker, if we now
acknowledge that finance may sometimes ask for the exertion of force on
its behalf
If, then, the voice of international finance is so feeble when it is
raised against the terrible scourge of war, can it have much force on
the rare occasions when it speaks in its favour? For there is no
inconsistency with the view that finance is a peacemaker, if we now
acknowledge that finance may sometimes ask for the exertion of force on
its behalf. As private citizens we all of us want to live at peace with
our neighbours, but if one of them steals our property or makes a public
nuisance of himself, we sometimes want to invoke the aid of the strong
arm of the law in dealing with him. Consequently, although it cannot be
true that finance wanted war such as this one, it cannot be denied that
wars have happened in the past, which have been furthered by financiers
who believed that they suffered wrongs which only war could put right.
The Egyptian war of 1882 is a case in point, and the South African war
of 1899 is another.

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In the beginnings of international trade the older countries exchange

Mark — Fri, 02 Jan 2009 22:00:11 +0000

their products for the raw materials and food produced by the new ones
In the beginnings of international trade the older countries exchange
their products for the raw materials and food produced by the new ones.
Then, as emigrants from the old countries go out into the new ones,
they want to be supplied with the comforts and appliances of the older
civilizations, such as, to take an obvious example, railways. But as the
productions of the new countries, at their early stage of development,
do not suffice to pay for all the material and machinery needed for
building railways, they borrow, in effect, these materials, in the
expectation that the railways will open out their resources, enable them
to put more land under the plough and bring more stuff to the seaboard,
to be exchanged for the products of Europe. The new country, New Zealand
or Japan, or whichever it may be, raises a loan in England for the
purpose of building a railway, but it does not take the money raised by
the loan in the form of money, but in the form of goods needed for the
railway, and sometimes in the form of the services of those who plan and
build it. It does not follow that all the stuff and services needed for
the enterprise are necessarily bought in the country that lends the
money; for instance, if Japan borrows money from us for a railway, she
may buy some of the steel rails and locomotives in Belgium, and
instruct us to pay Belgium for her purchases. If so, instead of sending
goods to Japan we shall have to send goods or services to Belgium, or
pay Belgium with the claim on some other country that we have
established by sending goods or services to it. But, however long the
chain may be, the practical fact is that when we lend money we lend
somebody the right to claim goods or services from us, whether they are
taken from us by the borrower, or by somebody to whom the borrower gives
a claim on us.

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Thus we arrive at the reply to those who criticize International Finance

Mark — Fri, 02 Jan 2009 16:00:06 +0000

on the ground that it puts too big profits into the pockets of those who
handle it
Thus we arrive at the reply to those who criticize International Finance
on the ground that it puts too big profits into the pockets of those who
handle it. If the profits are big, it is only in the case of loan issues
which carry with them a considerable risk to the reputation of the
fathering firm, and to the pockets of the underwriters, and involve a
responsibility, and in the case of default, an amount of wholly unpaid
work and anxiety for which the big profits made on the opening
proceedings do not nearly compensate. As in the case of the big gains
made by patent pill merchants, and bad novelists, it is the public,
which is so fond of grumbling because other people make fortunes out of
it, that is really responsible for their doing so, by reason of its own
greed and stupidity. Because it will not take the trouble to find out
how to spend or invest its money, it asks those who are clever enough to
batten on its foibles, to sell it bad stuff and bad securities, and then
feels hurt because it has a pain in its inside, or a worthless bond at
its banker”s, while the producers thereof are founding county families.
If the public would learn the A B C of investment, and also learn that
there is an essential difference between investment and speculation,
that they will not blend easily but are likely to spoil one another if
one tries to mix them, then the whole business of loan issuing and
company promotion would be on a sounder basis, with less risk to those
who handle it, and less temptation to them to try for big profits out of
bad ventures. But as long as

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I have known men, personally, who have met with pecuniary reverses, and

Mark — Thu, 01 Jan 2009 04:00:04 +0000

absolutely committed suicide, because they thought they could never
overcome their misfortune
I have known men, personally, who have met with pecuniary reverses, and
absolutely committed suicide, because they thought they could never
overcome their misfortune. But I have known others who have met more
serious financial difficulties, and have bridged them over by simple
perseverance, aided by a firm belief that they were doing justly, and
that Providence would ‘overcome evil with good.’ You will see this
illustrated in any sphere of life.

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* Trading abroad: In today’s competitive world, it is advised to expand the business as much

Mark — Wed, 31 Dec 2008 18:00:10 +0000

Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant.

Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant
by: W. Chan Kim
, Rene Mauborgne

publisher: Harvard Business School Press
, released: 03 February, 2005

price: $19.77 (new), $12.90 (used)

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The price of some things are arbitrarily fixed

Mark — Wed, 31 Dec 2008 08:00:05 +0000

by law or custom, such as stamps, professional
fees, duties, &c
The price of some things are arbitrarily fixed
by law or custom, such as stamps, professional
fees, duties, &c.

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After the building of the Canal, the command of this short cut to India

Mark — Wed, 31 Dec 2008 02:00:04 +0000

made Egypt still more important
After the building of the Canal, the command of this short cut to India
made Egypt still more important. England bought shares in the Canal, so
using finance as a means to a political object; and it did so still more
effectively when it used the Egyptian default and the claims of English
bondholders as an excuse for taking its seat in Egypt and sitting there
ever since. The bondholders were certainly benefited, but it is my
belief that they might have whistled for their money until the crack of
doom if it had not been that their claims chimed in with Imperial
policy. It may have been wicked of us to take Egypt, but if so let us
lay the blame on the right doorstep and not abuse the poor bondholder
and financier who only wanted their money and were used as a stalking
horse by the Machiavellis of Downing Street. Mr Brailsford”s own account
of the matter, indeed, shows very clearly that policy, and not finance,
ruled the whole transaction.

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Mark — Mon, 29 Dec 2008 06:00:06 +0000

The Toyota Way.

The Toyota Way
by: Jeffrey Liker
publisher: McGraw-Hill
, released: 17 December, 2003

price: $18.45 (new), $10.87 (used)

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