Banks c. E. O. s Board Members who have in many cases and by the way this is important in many cases they have been taking the money out of their companies while theyve been doing pretty well and theyve been sticking it in their pockets in the form of stock buybacks much of it with money they got from taxpayers government money during previous meltdowns now heaven forbid that i or anyone else should ask the question of whether some of these corporations should simply be allowed to go under is anybody asking that question yes we found one. 1 may be lonely example look look what happens this is on c. M. B. C. When a guest challenges the bailouts of airlines now remember c m b c is essentially the wall Street Network in fact many would argue its a 24 hour commercial for bankers and Hedge Fund Managers and ceos etc look what happens when somebody is willing to make the free market argument the capitalist argument that if a company gets wiped out so be it wiped out there are you are you arg
Banks c. E. O. s Board Members who have in many cases and by the way this is important in many cases they have been taking that money out of their companies while theyve been doing pretty well and theyve been sticking it in their pockets in the form of stock buybacks much of it with money they got from taxpayers government money during previous meltdowns now heaven forbid that i or anyone else should ask the question of whether some of these corporations should simply be allowed to go under is anybody asking that question yes we found one. One maybe lonely example look what happens this is on the c. N. B. C. When a guest challenges the bailouts of their lives now remember c m b c is essentially the wall Street Network in fact many would argue its a 24 hour commercial for bankers and Hedge Fund Managers and c. E. O. s and cetera look what happens when somebody is willing to make the free market argument the capitalist argument that if a company gets wiped out so be it wiped out there ar
Ideas that are part of our future books on how a part of our. World 3 part documentary stories may. Tell you. The biggest downturn since the Great Depression of the 1930 s. Thats what the International Monetary fund is telling us to expect as a result of the coronavirus pandemic well talk about has bought to get in 20 twentieths why there is hope for next year. Also coming up profits and u. S. Banks plum job are fears of widespread loan defaults we left our financial correspondent in new york to assess the damage. Talk about negative growth as russia lowered the sales dry up some are resorting to Desperate Measures to draw attention to their plight. This is your business on Cape Ferguson thanks for joining me the International Monetary fund is expecting 2020 to be the worst year for the Global Economy since the Great Depression of the 1930 s. The i. M. F. Chief economist said total economic output could shrink by 3 percent this year as a result of business shock times and travel restri
Was revoked in oldest. And lebanon imposes a travel ban on the form of this and chief carlos ghosn after he fled bail in japan. And in sport tennis world number one ashley barty make felonies in a start to the new year party suffering a shock defeat in our opening match at the Brisbane International. Welcomes the news of the fallout from the assassination of custom samadi reaches the u. N. Security council and the u. S. House of representatives in this hour earlier an Iranian Revolutionary guard commander warned that wednesdays missile attack on a base hosting u. S. Troops in iraq is only the start of a retaliation that will continue across the region ali says that irans. Likes what it meant to kill soldiers but to damage the American Military machine iran is dismissing u. S. Calls the negotiators to washington assassinated its top military commander as President Donald Trump appears to be backing away from further military confrontation with iran hes also facing opposition of the home
Out how a why france like many other western nations is becoming more unequal. And can Christine Legarde heal the rift inside the European Central bank from ultra cheap money to the way the bank votes the former head of the i. M. F. Is about to make some sweeping changes. The worlds biggest trade pact was just moments from being signed off when india pulled out indias Prime Minister Narendra Modi said the deal would hurt its farmers businesses workers and consumers. The Regional Comprehensive Economic Partnership would have brought together the 10 members of the association of Southeast Asian nations china japan south korea strayer and new zealand the remaining nations plan to push ahead with an agreement next year out of left a door open for india and its remarkable that a deal is coming together in a world that seems to be tired of globalization the 16 month trade war between the United States and china has yet to be a result of the progress is being made and various nations appear t