Jamshyd Godrej Quotes
Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth.
Godrej, Jamshyd. "Interview with Jamshyd Godrej: Manufacturing and Economy." The Economic Times, Bennett, Coleman & Co., 14 Aug. 2013.
Iceland's economy collapsed in the Meltdown of 2008. Their largest banks failed completely as they had engaged in the same kind of risky investments as the American banks had. Their government however did not have the assets to bail their banks out. So they let the banks fail and protected the small depositors with their limited assets. They then devalued their currency drastically, making their fishing and other products a great bargain for other nations of the world and though humiliated the Islanders started getting jobs as demand for Islandic exports grew. Some Icelanders who owned companies were making a great deal of money. Taxes were raised for high income citizens. To prevent the money being taken out of the country and invested so that the jobs would not benefit Icelanders or the earnings were not as taxable in Iceland, the nation imposed Capital Controls—no money was allowed to be taken out of the country except small amounts for business travel expenses. Iceland recovered rapidly and by 2015, at which point the Minister of Finance felt that the country was losing more than it was gaining, so it was time to end the Capital Controls.
This statement was part of the historical and philosophical underpinnings of major public works programs as public employment programs such as the Job Corps, CCC, WPA and the like.
The President wanted the White House slimmed as an example and reduced the First Lady’s staff markedly. Roslyn Carters response was, “But I’m not everybody!” She didn’t get her staff increase.
Jamshyd Naoroji Godrej is an Indian industrialist and member of the Godrej family, currently serving as managing director and chairman of Godrej & Boyce, the family's consumer durables holding company.