So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
What is so interesting is where central bankers will be. Mark carney, the governor of the bank of england, it is just out across the bloomberg that he has finally landed. I thought he would be running the toronto maple leafs, but he will join the venerable brookfield of toronto. This is one of the Sterling Companies of canada, 100,000 strong. Esg. E will go all lisa hes going to be leading the environmental and social governance Investment Strategy at brookfield, which is eventually expected to rival the size of its real a structure businesses. The question is, what does this mean . Tom this has clearly been one of the leading efforts of the former governor of the bank of england. Our Francine Lacqua numerous times in interviews on esg as he led the bank of england, i would say more than any other central bank. Maybe i would get a hat tip to the bundesbank as well, but clearly leading on esg. I heard him speak on this at davos as well. This is to me a very natural outcome to see him jo
Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi
Evidence. With covert 19 infections spiking in many european nations governments across the continent are reimposing safety restrictions sparking a widespread discontent. Broadcasting live from our studios in moscow this is R G International im sean thomas certainly glad to have you with. Huge rallies have been held in central minsk on day 10 of protest against the belorussian president opponents accuse Alexander Lukashenko of rigging the recent election theyre calling on him to resign the initial demonstrations were met with a heavy handed Police Response and the belorussian interior ministry has said it except some responsibility for the way the crisis unfolded factories have been brought to a stance. Ongoing strike action and the crowds on the streets are valid to keep up the pressure until their demands are met several counter protests were held across on tuesday the largest was in the eastern city of. People waved the red and Green National flag adopted 995 the year after Alexande
In many european nations governments across the continent are imposing safety restrictions sparking widespread discontent. Or broadcasting live direct from our studios in moscow this is archie international certainly glad to have him with us. Now huge rallies have been held in central minsk on day 10 of protest against the belorussian president opponents accuse Alexander Lukashenko of rigging the recent election they are calling on him to resign. Initial demonstrations that were met with a heavy handed Police Response and the belorussian interior ministry has said it except some responsibility for the way the crisis unfolded belorussian factories have been brought to a standstill by on. Going strike action and the crowds on the streets are vowing to keep up the pressure until their demands are met several counter protests were held across on tuesday as well the largest was in the eastern city of guinea of people waved the red and Green National flag adopted in 1995 that was the year af