As an employer I've found punctuality to be a great indicator of a person's level of respect, for themselves and others, and whether they can be relied upon to follow through on commitments.
Now, party rules vary by function size and the host. For me big parties have slack but intimate gatherings need punctuality. If you're late, communicate or risk having a new time zone named after you.
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There are a vast number of people who are uninformed and heavily propagandized, but fundamentally decent. The propaganda that inundates them is effective when unchallenged, but much of it goes only skin deep. If they can be brought to raise questions and apply their decent instincts and basic intelligence, many people quickly escape the confines of the doctrinal system and are willing to do something to help others who are really suffering and oppressed." -Manufacturing Consent: Noam Chomsky and the Media, p. 195
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