Timothy Noah Quotes
Wal-Mart uses technology to increase sales volume, but the more it does so, the more it drives down profit margins - its own and everybody else's. The same logic does not appear to hold for Goldman Sachs.
Noah, Timothy. The Great Divergence: America's Growing Inequality Crisis and What We Can Do About It. Bloomsbury Press, 2012.
He was the judge who presided over the breakup of AT&T in 1984
The company’s profits were $5.7 billion--$45,000 per employee. He then imposed a 6 year wage freeze on long term employees and cut the wages of new employees. His compensation has increased 80 percent in the last 2 years. Most large corporation CEOs do not share this need for “unlimited” profits. Most set a target and then try and get the corporate team to reach or exceed it.
1st Earl of Strafford. Although Strafford was a terrible ruler of Ireland and was hated by most, he did stimulate the development of the linen trade for which Ireland later became so famous. Most rulers of the time were not that interested in economic development, but he was. Holland and France were then the leaders in producing fine linen. Globalization was even then a factor in international trade. Strafford took advantage of the fertile lands of Ireland, and the abundant supply of cheap labor to import the finest Dutch seed and have Ireland plant thousands of acres of linen flax. He invested his own money also in order to get the industry started, and although the first production were viewed as cheap imitations of Dutch and French linen, soon the creativity and industry of the Irish produced an even better product and Ireland became the world leader of linen production.
Timothy Robert Noah (born 1958) is an American journalist and author. Previously he was labor policy editor for Politico, a contributing writer at MSNBC.com, a senior editor of The New Republic, where he wrote the "TRB From Washington" column, and a senior writer at Slate, where for a decade he wrote the "Chatterbox" column. In April 2012 Noah published a book, The Great Divergence, about income inequality in the United States.
