I am guy johnson. I am olivia. We check out the latest experiment taking root at the International Space station. Is in his shares are sliding today. We are live with the biggest Home Improvement retailer who will be up shortly. We begin with the latest from European Central bank. We are one week away from what will be one of the most closely watched policy decisions in quite some time. Bloomberg caught up with the Vice President. We have the details. What did he say . What we are witnessing is a shift in the debate. These guys are no longer into denial. It is about lower concerns. He addressed every ecb board member. They have pressed that. Take a listen. The greatest concern we now is you personally. I understand. It is the possibility of risk. Time of lowrolonged growth and low inflation will create all sorts of risk. So, are you concerned . What are you going to do about it . That is the debate. That is the proper debate. We know the concerns about low inflation. What are you going
Massive increase in regulation. The patriarchs act, the privacy act and sarbanes oxley. We were less regulated, we were not be regulated. Second while theres plenty of greed on wall street working for 40 years there wasnt a sudden plague of greek swept out of the norm on wall street. No, there was nothing new, nothing different. That isnt what caused the financial crisis. In my book i talk about six themes. The financial crisis of the government policy. We dont live in a free market in the United States, we live in a mixed economy. It varies by industry. Technology which by the way has done very well, the most regulated industry in the world this financialservices. Thats where we had our biggest problem, not surprisingly because thats where we had our biggest problems. Second of the policy created a massive disinvestment. They got focused on the residential realestate market. The global burst as all due. At the large Financial Institutions that calls wall street and made serious mistak
Och unions muscling their way in. Rich edson on unions trying to block spending cuts and the fiscal cliff deal while making sure the rich pay more. Jeff flock with union back protests at Walmart Stores and diana on the dirty little secret those unions are not changing walmart workers. First to rich and some in washington, d. C. How unions trying to persuade democrats to avoid spending cuts . With a significant lobbying effort on capitol hill and a new Advertising Campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. Thbasic message is dont touch entitlements in the fiscal cliff tops were having on capitol hill. Honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economby investing in jobs, not cu. As for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. The fact that
Och unions muscling their way in. Rich edson on unions trying to block spending cuts and the fiscal cliff deal while making sure the rich pay more. Jeff flock with union back protests at Walmart Stores and diana on the dirty little secret those unions are not changing walmart workers. First to rich and some in washington, d. C. How unions trying to persuade democrats to avoid spending cuts . With a significant lobbying effort on capitol hill and a new Advertising Campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. The basic message is dont touch entitlements in the fiscal cliff tops were having on capitol hill. Honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. As for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. The fact
This is a pattern we have Going Forward and the purpose is to talk about my book, which is the financial crisis and the free market cure. People ask me my i wrote the book. The basic answer is i thought it would be interesting to have somebody who knew what he was talking about write about thinking. Because if you look to the academics to some degree, they dont know what they are talking about. [laughter] i think its very important to undo a myth. These myths become destructive. The method they created is that it was caused by the deregulation on wall street. Welcome to the simple fact is that this was not deregulated. We have the privacy act and we were misregulated, not deregulated. I have been working with wall street for 40 years and its not like some grief swept out of the north. That is nothing new or different. In my book i talk about 16 us. First, government policy. We dont live in a free market in the United States. We live in a mixed economy. It is regulated by technology, wi