With globalization and the ordsprog

With globalization and the rate we're going at, it could happen as soon as three to five years. I don't think it's ready for prime time. A lot of things have to be cleared up before that happens.

We have been talking about globalization for a long time. Actually, the word has been incorrect because only half of the world has been part of the globalization process. But in the last ten years, the other half -- China, India, the countries of the former Soviet block -- has joined the capitalist system. And I like to say globalization is going global.

Clyde Prestowitz

I think we're ready for prime time and I think America is ready for spelling bees in prime time, too.

As the Federal Reserve increases its targeted overnight-lending rate, home-equity loans will become more costly. This is because many home-equity loans are tied to the prime rate, which generally follows every Fed rate hike. Currently, the prime rate is 6.25 percent and is expected by many to rise to 6.50 percent next week.

If we don't make the change, rate cases will have to happen faster. There is a cost to a rate case. I would prefer not to have huge rate cases every two years.

For two years, we've seen this tremendous increase in prices, yet the core inflation rate has stayed at 2.3 percent or less, and the only explanation for that is globalization means inflation is contained.

It is not in the purview of the bank to either start globalization or stop it, ... We have to recognize that globalization is taking place and work with that. We can't change it, but we must not ignore the situation. The challenge is to manage globalization.

James Wolfensohn

I'm ready to fight for it, and I think I can make it happen. Like Ray and Kasey said, it's a matter of having the right equipment, getting the right funding, learning at the right rate, and not throwing myself into something I'm not ready for. So, there are a lot of factors. It really is a tough business, especially NASCAR.

Pex Tufvesson is a genius, no doubt about it. Right now, we're very satisfied with where he is. If something was to happen with his knee, this was prime time to have it happen.

The time for Iraq to respond was years ago, ... They now have an opportunity to respond now with this new resolution. But what we cannot allow to have happen is to get into this haggling and listening to the duplicitous comments that are constantly coming out of Deputy Prime Minister Tariq Aziz.

Colin Powell (1937-)

Colin Powell

I would anticipate hopefully that Auburn has cleared these things up, and that when we review it in December that they will be cleared up.

Globalization does have winners and losers, but mostly we're a winner. When farmers in Korea protest against globalization, or miners in Germany protest globalization, they're protesting against us.

John Edwards (1953-)

It's one of those things that dramatizes everything about a landscape. You get there several years later and the story continues. People still want to know about it and understand it -- how things happen and why things happen, what can be prevented and what can't.

Jennifer Chapman

We cannot turn globalization back. Our challenge is to make globalization an instrument of opportunity and inclusion -- not fear and insecurity. With all the forces making the world smaller, it is time to change our way of thinking, time to realize we live together in one world, not two -- this poverty is in our community wherever we live. It is our responsibility.

James Wolfensohn

It is people who are the objects of globalization and at the same time its subjects. What also follows logically from this is that globalization is not a law of nature, but rather a process set in train by people.

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