Capital Quotations | Page 7

The capitalist class shoots down mothers and children. It stops at nothing, no matter how monstrous, to prevent the organization of the workers.

The city of Paris is determined to promote the happiness-on-a-bike fantasy. Paris mayor Anne Hidalgo wants to turn the city into the most bike-friendly capital in the world.

Low price of natural gas inputs, provision of world class port services, tax exemption for a renewable period of five years and encouragement of foreign capital in natural gas-based industrial projects led to the implementation of many projects with a total cost of $13 billion.

Lower interest rates aren't going to make anybody go out and buy new capital equipment right away. And a lot of businesses are sort of frozen because of the attacks.

Lower budget deficits are the surest and most direct way to increase national saving. Higher national saving would help to lower real interest rates, spurring spending on capital goods so as to put cutting-edge technology in the hands of more American workers,

Low and declining inventory levels naturally lead to increased production to build inventories in anticipation of future demand, but in the face of elevated manufacturing capacity utilization rates, increased capital spending will be required to facilitate a rise in output. Since our last capital spending forecast in December 2005, significant increases in spending for 2006 have been announced, suggesting growth in capital expenditures of about 10 percent this year.

Lots of business opportunities come out of tragedy. It's the capitalist way of life. I think the a market for airport-friendly merchandise is a good thing.

We are taking this step to secure permanent capital to grow; to share ownership broadly among our employees now and through future compensation; and to permit us to use publicly traded securities to finance strategic acquisitions that we may elect to make in the future.

We're good at forecasting paths of hurricanes, but we're not as good at predicting intensity and the impact. Take Katrina. There was a massive migration of human capital out of a region. What are the long-term effects?

This quarter's results reflect strong broad-based gains across all three of our growth platforms -- domestic banking, Scotia Capital and international banking -- continuing the success of our strategy of diversifying geographically across business lines.