Thought for the Weekend

Above and beyond the question of how to grow the economy there is a legitimate concern about how to grow the quality of our lives."

Paul Wellstone

This Day in History

11 May 1924

Mercedes-Benz is formed by 

Gottlieb Daimler and Karl Benz merging their two companies.

Daimler and Benz

Karl Benz	Gottlieb Daimler

This Day in History

10 May 1857

Indian Mutiny begins with revolt of Sepoys of Meerut

Quote For The Day

"When we think of the state of the economy, we are not thinking in terms of money flow. We are thinking in terms of the effect on everyday lives of people."

Aung San Suu Kyi

This Day in History

09 May 1950

Robert Schuman presents his proposal, known as the "Schuman Declaration", for the creation of an organized Europe.

A noted  French statesman. Schuman was a Christian Democrat and an independent political thinker and activist. Twice Prime Minister of France, a reformist Minister of Finance and a Foreign Minister, he was instrumental in building post-war European and trans-Atlantic institutions and is regarded as one of the founders of the European Union, the Council of Europe and NATO.

This Day in History

8 May 2011

Birthday of Austria-born British Economist Friedrich Hayek

This Day in Economic History

07 May 1998 

Mercedes-Benz buys Chrysler for $40 billion and forms DaimlerChrysler in the largest industrial merger in history.

     

QUOTABLE QUOTATION

"By being yourself, you put something wonderful
in the world that was not there before."

~Edwin Elliot

Sunday Smile or should I say smirk :)

A mathematician, an accountant and an economist apply for the same job.

The interviewer calls in the mathematician and asks “What do two plus two equal?”

The mathematician replies “Four.” 

The interviewer asks “Four, exactly?” 

The mathematician looks at the interviewer incredulously and says “Yes, four, exactly.”

Then the interviewer calls in the accountant and asks the same question “What do

two plus two equal?” 

The accountant says “On average, four - give or take ten %, but on average, four.”

Then the interviewer calls in the economist and poses the same question “What do

two plus two equal?” 

The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says “What do you want it to equal?”