For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
Just as judges have enormous stake in the appointment of judicial officers in the higher judiciary, the government has an equal stake. Since both of us have stakes in the appointment of members of the higher judiciary, the consultation of both of them is absolutely necessary. The government must have a say.
In our system leadership is by consent, not command. To lead a President must persuade. Personal contacts and experiences help shape his thinking. They can be critical to his persuasiveness and thus to his leadership.
Marriage must incessantly contend with a monster that devours everything: familiarity.
Children must be considered in a divorce considered valuable pawns in the nasty legal and financial contest that is about to ensue.
A president must be on the job 24/7, ready for any contingency, any crisis, anywhere, anytime.
Modernity is the transitory, the fugitive, the contingent, which make up one half of art, the other being the eternal and the immutable. This transitory fugitive element, which is constantly changing, must not be despised or neglected.
The policy of the Obama administration is to employ regulatory strangulation to drive up the price of energy. This must be exposed and opposed for what it is: a policy of forced economic contraction.
To be a film-maker, you are almost forced to be surrounded by contradictions... You must have talents of so many different kinds - talents that are contradictory.
Just as discipline and freedom are opposing forces that must be balanced, leadership requires finding the equilibrium in the dichotomy of many seemingly contradictory qualities between one extreme and another.
To fully understand the black immigrant experience in the U.S., we must understand it not in contrast to the African-American experience, but central to it.
I must admit that I personally measure success in terms of the contributions an individual makes to her or his fellow human beings.
Ken Livingstone appears incapable of contrition. That is why he must be thrown out of the Labour party. He is so certain he is right about everything, he won't come close to change.
I hate how things must be classified. How this is applied to musicians implies that they somehow contrive their products and have studied the demographics of the audience.
You must renounce all superficiality, all convention, all vanity and delusion.
Nothing dates one so dreadfully as to think someplace is uptown. At our age one must be watchful of these conversational gray hairs.
For individuals to become fully active in the Church, they generally must experience a spiritual conversion and a social integration.
Technology is neutral: It convicts and finds innocents. We must make it a regularized part of the system, giving defendants access to DNA testing and evidence whenever it might be relevant.
I use other cookbooks for inspiration. I must say I tend to cook from my own cookbooks for parties.
The works must be conceived with fire in the soul but executed with clinical coolness.
