Risk taking that it was a service for risk taking remember that when you include things into the National Accounts you have to kind of say what it is doing so in the u. S. As National Income and product accounting so all of this is suddenly stuffed into the g. D. P. Figures out without any kind of value judgement is it actually producing something or is it just moving things there when you maybe want your virgil to each other or up a little newspaper and its talking about basically g. D. P. Growth is all that we can hope for for you without booze using this sort of massive well let me give you a little test. What happens if someone is cleaning your house lets not make this under a civic and then you marry that man. What happens to g. D. P. Before it falls and if you pollute. We all in the river so all the strain the only shows or things that only the only things that we pay for get included just explain the pollution yeah so when we pollute g. D. P. Nothing happens to it only once we p
Business and i thought to myself how can it be that weve gotten to the point where even the labor party which is about work labor doesnt you know doesnt actually have a narrative a way to talk about values collectively created and they confuse the word Wealth Creation with business because in the book you talk about Lloyd Blankfein fully of Goldman Sachs saying that your productiveness comes from organizations like Goldman Sachs its like were always told this is he of londons a little wall street you know its creates value yeah but what do you know whats interesting is that up until the 1970 s. The Financial Sector wasnt even included in g. D. P. It was actually seen as just a transfer of the existing value from one place to another kind of like you wouldnt include Social Security payments its just a transfer and before that in fact the way we would talk about finance was also in terms of rent so the classical economist talked about in terms of unearned income it literally just moving
The moment states that 5 members of the Sovereign Council will come from the Transition Military Council and 5 members will be coming from the forces of freedom and change with the 11th member to be agreed upon by both sides it also states that the majority of the executive council will be decided on by the forces of freedom and change but what the roles of these 2 councils and the Legislative Assembly which will be formed 3 months after the transitional period is starting 3 months after the transition period starts is something that is yet to be discussed in you envoy and the Transition Military Council say that that is something that they will wrap up on friday and that the final deal is signed on friday afternoon but until a bad deal is signed this deal is a landmark there still remains a lot to be talked about a lot of issues to be discussed between the 2 sides for sudans transition to be complete. Now the World Health Organization is meeting in geneva to decide if in the bowl outb
Carry your credit card but it may make say ouch it is tuesday july 16th. Fbn am starts right now. Techno music to start your morning welcome to fbn am good morning im lauren simonetti. Were awake you probably are now as well good morning everyone im l cheryl casone. Markets are awake as well lets take a look at how your money is moving any gain on wall street today will be a record for all three major averages dow up 5 s p up one and three quarters nasdaq gaining seven. A big day for earnings season things are heating up, of course, the banks are going to be in focus, of course, goldmann and dominoes all going to be on tap. Three dow stocks reporting the yield on tenure treasury right now stangdz at 2. 0 . Continue to track oil contract earlier no movement with the iranians and as you can see a slight gain as well part of that, of course, is the gulf situation. 5964 thats a gain of 6 cent pps japanese market e reopen today nikkei gaining two tenths of one percent, and south korea the e
And i really could be here in the spring today in the philippines whats the human cost of president would rigo to tell tales drug war wisconsin the geishas of human rights abuses and whats being done about them are you personally impacted by the philippine war on drugs we want to hear what you have to say on this issue let us know via twitter or in our live youtube chat. I mean. People remans right and you are in the. Thousands of crime suspects have been killed in philippine president rodrigo to 10 days war on drugs over the past 3 years but Rights Groups believe the number of casualties is much higher than the 6000 some deaths the government admits to Amnesty International says the killings disproportionately affect poor communities amount to crimes against humanity last week the Un Human Rights Council voted to investigate alleged abuses in the country those abuses include extra judicial killings disappearances and police coverups Authorities Say those killed were crime suspects who