Word: fergusonism
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...Nowhere does Niall Ferguson inform readers that under the Clinton Administration, the Internal Revenue Service began giving out Individual Taxpayer Identification Numbers to assist illegal aliens in paying taxes, which also enabled them to take out home loans. Previously, a valid U.S. Social Security number was required to purchase a home, thereby excluding illegal immigrants from qualifying for such loans. Every media feature on the bursting of the housing bubble describes decimated neighborhoods in Florida, Arizona and California - all areas with large populations of illegal aliens - but no one tells us about the government's change in regulations that...
Nowhere does Niall Ferguson inform readers that under the Clinton Administration, the Internal Revenue Service began giving out Individual Taxpayer Identification Numbers to assist illegal aliens in paying taxes, which also enabled them to take out home loans. Previously, a valid U.S. Social Security number was required to purchase a home, thereby excluding illegal immigrants from qualifying for such loans. Every media feature on the bursting of the housing bubble describes decimated neighborhoods in Florida, Arizona and California--all areas with large populations of illegal aliens--but no one tells us about the government's change in regulations that...
...professor Niall Ferguson, who was one of the two keynote speakers of the Global Business Summit, told the crowd of nearly 2,000 that the Business School has led the way in arming students with the outlook to be leaders...
...leader needs to understand the process of creative destruction,” said Ferguson, evoking Joseph Schumpter’s principle of creative destruction, which notes that long term economic growth comes from the destruction of the value of established companies through market innovation and fluctuation. “HBS, more than any other institution, has sought to illuminate, elucidate, and, above all, communicate this principle...
...worried about a dropoff in attendance. “We’ve seen the normal level of dropoff that see for an event of this size, but nothing more than that,” Goff said. “We will have folks like Niall Ferguson and Larry Summers who are in a unique position to speak about the crisis.” Business School professor F. Warren McFarlan ’59, who is in charge of organizing the summit, noted the parallel between the current financial situation and that of when the Business School was founded...