Bloombergs European Headquarters in london. Im francine lacqua. But that is back in focus after janet yellen said she is ready to raise Interest Rates this year. The Federal Reserve chair said she intends to let the labor market run hot for a while to heal the lingering scars of the Global Economic crash. Lets check in on how the markets have been responding. Mark, they seem to be pleased to have clarity. Mark clarity is the buzzword. After the muddled message last week, theres clarity. Janet yellen yesterday paving the way for a rate hike in 2015, giving a sense of certainty. Investors love that. Risk assets are rising. Have a look at the msci. Before today, it had fallen for five consecutive days, falling every day since the Federal Reserve kept Interest Rates unchanged last thursday. We got a bounce back today. European stocks are rising. The dollar is gaining. Gold is falling as well. Emerging markets, asian stocks swinging between gains and losses. The certainty has given investor
From our studios in new york, this is charlie rose. John micklethwait and Adrian Wooldridge are here. They are the the economist magazines editorinchief and its management editor. After their 2005 bestseller, the right nation, we have written a new book. It is called, the fourth revolution the global race to reinvent the state. The Current Crisis of governments in the wests they argue are part of larger changes to nation states around the world. I am pleased to have them at this table. Welcome. What brought this book about . Because of the job i do, you wander round the world seeing politicians similar to the things you do. You begin to detect something. There is the sort of contest going on to reinvent government. What is really interesting, throughout the west, you have this series of elections. Huge amount of people are going to vote for people in anger and fury. In america you have the midterms that are similarly unpopular. There is apathy. Everyone keeps thinking politics is never
Stephen levitt and Stephen Dubner with their new book called think like a freak. What i find is truly smart people, in my view, the smartest people are the ones who can explain whats going on in their thought processes. Were surrounded by people who are putitively really smart and you ask them why theyre thinking and they try. But really smart people can explain it. One of the most important things is to say i dont know, to not think you have the answers. As an academic i dont know anything. Ming mick, wooldridge, levitt and dubner when we continue. Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Captioning sponsored by Rose Communications from our stu
Dubner with their new book called think like a freak. What i find is truly smart people, in my view, the smartest people are the ones who can explain whats going on in their thought processes. Were surrounded by people who are putitively really smart and you ask them why theyre thinking and they try. But really smart people can explain it. One of the most important things is to say i dont know, to not think you have the answers. As an academic i dont know anything. Ming mick, wooldridge, levitt and dubner when we continue. Theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Captioning sponsored by Rose Communications from our studios in new york city, this
From our studios in new york, this is charlie rose. John micklethwait and Adrian Wooldridge are here. They are the the economist magazines editorinchief and its management editor. After their 2005 bestseller, the right nation, we have written a new book. It is called, the fourth revolution the global race to reinvent the state. The Current Crisis of governments in the wests they argue are part of larger changes to nation states around the world. I am pleased to have them at this table. Welcome. What brought this book about . Because of the job i do, you wander round the world seeing politicians similar to the things you do. You begin to detect something. There is the sort of contest going on to reinvent government. What is really interesting, throughout the west, you have this series of elections. Huge amount of people are going to vote for people in anger and fury. In america you have the midterms that are similarly unpopular. There is apathy. Everyone keeps thinking politics is never