Unprecedented actions taken by the president reserve to rescue the economy after it collapsed. His class is about an hour. Professor levy ok. In our lecture on the great depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. The 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets of a pattern that goes across the 2000s. Into the great depression. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflatio
Professor levy ok. In our lecture on the Great Depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. First is the 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets a pattern that goes across the 2000s. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflation and generally supportive Credit Conditions, rising equity values are providing impetus for spending and in turn the expansion of output, emplo
We have a busy day ahead of us. We have some great guests. The mood in the markets is often haven assets. Tom we see some weakness across all. I love the guests we have. To dive into productivity. We are doing around the world in 120 minutes. Thanks very much. The European Union is getting closer to a deal with turkey to stop the flow of migrants. Jacked up thehey price at the last moment. The turkish government wants to double the Financial Aid to more than 6 billion. Turkey made the most serious offer yet to stop the tide of refugees into europe. Malaysia is marking the second anniversary of the death disappearance of that boeing jet. They are committed to solving the mystery. Ships are searching the southern indian ocean this year. Chinas president thrown to punish polluters with an iron hand. There is evidence that iron hand is loosening its grip. There has been a number of days where air quality was listed as hazardous. Balancelem is the between the environment and commerce and Mi
Third row until it is repaired. Here is the concern, voiced by the president of teslas sales and Service Division about what could happen in an accident if someone is sitting in that third row of the model x. It is actually with the leverage of weight in the seat pulling it forward. So this would be an example of a front crash, where the weight of the passenger seat belted to that seat could cause that latch to fail. The third row for the model x, they are being replaced. And it will take about two hours for the repairs to happen. By the way, the 2700 vehicles almost all of them are here in the United States. There are very few delivered outside of the United States. Tesla says the repairs will be done over the next five weeks with a new seatback put in place to replace not only the hinge, but also the seatback. The recall will not impact model x production, which tesla is in the course of ramping up and one other note, tesla says this recall will not impact its financial results. So,
Israel and hamas agree to an unconstitutional unconditional 72 hour ceasefire. Welcome to countdown. From frances secondbiggest bank. It looks like secondquarter earnings have beaten estimates. Thanks to a 7. 8 decline in provisions. Net income rising. It is the highest quarterly. Evel since mid2010 stocks return on equity, which is a key measure of infitability, reaching 8. 8 the Second Quarter, up from 8. 8 from 8. 4 a year earlier. A returnis to receive of at least 10 by 2016. This comes a day after the biggest bank posted a four points read billion euro quarterly loss yesterday after the record penalty for doing business with sudan and other lacks like listed listed by the United States. Caroline joins us from paris. This is one of the most exposed banks to russia. Yes, the numbers are better than expected. They had a 24 decline in provisions for risky loans. They did take 200 million euro litigationor known risks. They have a big retail presence. Of rosebank. I asked what exactly