Im reihan salam. Im president of the Manhattan Institute. And i wanted to start the evening by explaining exactly why this prize is so important to us. The hayek prize is a celebration of Friedrich Hayek, one of the most consequential thinkers of the modern era, a celebrated who was awarded the nobel prize in 1974. Hayek did more than just make intellectual breakthroughs. He inspired a generation of economic reformers who helped liberate countless millions from poverty around the world. And his message remains vitally important as we look to the future. In his 1944 book, the road to serfdom, hayek drew a connection between economic and freedom more generally, arguing that government control of economic Decision Making paved the way to further encroachments on individual rights and the use of knowledge in society. A groundbreaking article published in 1945, he carefully and methodically dismantled the logic behind economic collectivism at a time when the worlds intellectual elite was co
Im president of the Manhattan Institute. And i wanted to start the evening by explaining exactly why this prize is so important to us. The hayek prize is a celebration of Friedrich Hayek, one of the most consequential thinkers of the modern era, a celebrated who was awarded the nobel prize in 1974. Hayek did more than just make intellectual breakthroughs. He inspired a generation of economic reformers who helped liberate countless millions from poverty around the world. And his message remains vitally important as we look to the future. In his 1944 book, the road to serfdom, hayek drew a connection between economic and freedom more generally, arguing that government control of economic Decision Making paved the way to further encroachments on individual rights and the use of knowledge in society. A groundbreaking article published in 1945, he carefully and methodically dismantled the logic behind economic collectivism at a time when the worlds intellectual elite was convinced that stat
Bottom line at novo nordisk and shares moving in an interesting direction overseas. And looking at the u. S. And what jay powell said could give emerging markets a boost today it is thursday, may 2nd, 2024. You are watching Worldwide Exchange here on cnbc good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Lets get you ready for the trading day ahead. Wall street is waking up with whiplash after the rally that saw the dow surge 500 points higher and ending the day with marginal gains u. S. Stock futures are trying to build on the gains you see they are gleareen acros board. Dow opening at 120 points higher nasdaq off the highs from earlier, but up. 50 all this after jay powell ruled out the next move by the central bank which could be a hike my expectation is that we will, over the course of the year, see inflation move back down thats my forecast i think my confidence is that is lower than it was because of the data we have seen. It is unlikely th
A typical intersection in beijing full of so i could list cruises, pedestrians, and cos Industry Analysts say these complicated project conditions provide mold scenarios for training or funding. This is driving programs out of foster pace compared to other locations. Cars. One has agreed to deal with chinese companies, find it to access its mapping license on domestic roads that remains bad for military and some government compounds due to security concerns. The company has also been losing Chinese Market share. Many chinese e v manufacturers or up ending the traditional trade off between cost and luxury. So theyre offering luxury features but also something that young trainees called heck luxury marks visits coincides with the badging, auto sure, which has lot is not participate. Chinese brands offer more Affordable Electric models, and the u. S. Based company has had to slash prices to compete. I just want is also facing pressure back into us where regulations are investigating the s
Hot that is and just to for the illustrate, theres a dam over there in the northern philippines that has dried up so much that a, some bridge town has resurfaced. This heat wave has really affected all walks of life here in the philippines, but the most dramatic impact has been on the Age Education sector. So right now im standing in the middle of a Public School ground and you can see right behind me the School Ground is empty, the classrooms are empty because its just the heat is just too unbearable for students. So each classroom is about 35. 00 to 40. 00 students on a normal day with no air conditioning and just a few electric fans. And they say the desk just unbearable where the students are being switched to the online mode of learning. But its not just the education sector, millions of filipino labor, or workers employees who have to commute every day to work. Theyre also affected. Now the government has issued guidelines for employers to follow. These are just guidelines and no