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And they heard it from their fathers, who in their turn had it from the old songs which were handed down from very ancient times … They say that this man travelled along the highland route to the north, working marvels as he went and that
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“We have got to find a a new plan of attacking it. Something that will show clearly not only the magnitude of the industries and commercial developments, and the changes they have brought in various parts of the country, but something which will make clear the great principles by which industrial leaders are combining and controlling these resources. ”
― The Prize: The Epic Quest for Oil, Money, and Power
― The Prize: The Epic Quest for Oil, Money, and Power
“Who among us has any conception of the dimensions of shame that will befall us and our children when one day the veil has fallen from our eyes and the most horrible of crimes...reach the light of day?”
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“Oil men, like producers of other raw materials, could not continue to sell their products below cost...For prices to be raised, production had to be controlled, and to bring production under control, Ickes began with an all-out campaign against the "hot oiler,"...This bootleg oil was secretly siphoned off from pipelines, hidden in camouflaged tanks that were covered with weeds, moved about both in an intrcate network of secret pipelines and by trucks, and then smuggled across state borders at night.”
― The Prize: The Epic Quest for Oil, Money, and Power
― The Prize: The Epic Quest for Oil, Money, and Power
“Why should a financial engineer be paid four, four times... to a hundred times more than the, uh... real engineer?
A real engineer build bridges, a financial engineer build, build dreams.
And when those dream turn out to be nightmares, other people pay for it.”
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A real engineer build bridges, a financial engineer build, build dreams.
And when those dream turn out to be nightmares, other people pay for it.”
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“Historically, cities were built on rivers or natural harbors to ease the flow of goods. But these days, since shipping costs have declined and service industries have risen, what counts most is the flow of ideas.
The quintessence of the vibrant city for Glaeser is Wall Street, especially the trading floor, where millionaires foresake large offices to work in an open-plan bath of information. "They value knowledge over space -- that's what the modern city is all about," he said. Successful cities "increase the returns to being smart" by enabling people to learn from one another. In cities with higher average education, even the uneducated earn higher wages; that's evidence of "human captial spillover.”
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The quintessence of the vibrant city for Glaeser is Wall Street, especially the trading floor, where millionaires foresake large offices to work in an open-plan bath of information. "They value knowledge over space -- that's what the modern city is all about," he said. Successful cities "increase the returns to being smart" by enabling people to learn from one another. In cities with higher average education, even the uneducated earn higher wages; that's evidence of "human captial spillover.”
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