To the Market Reaction. The market seemed to rally on this news. Why do you think that was . Well, remember that this particular move was targeted way in advance, and the market had adjusted to it. The only question that was out there was what was going to happen subsequently that, not that you could actually make certain happen but with what the policy was. As it became apparent the fed was going to just raise the rates and then not do a whole series of rates, then basically the markets said uncertainty is gone. Therefore income earning assets go straight up. This is just a classic case. I ran into it many times in the sense that choices that we had were always, do you want the market to know exactly what the plans of the Federal Reserve are or not . It depended on a very, very technically difficult problem. How much risk do you want in the system . If there is too little risk, youre bubble creating. If theres too much risk, youre suppressing growth beyond what it should be. Part of F
Life sentence. Luerkens did say he was truly sorry for what happened. The judge also ordered luerkens to pay the estate of nnsey donald 150,000. So much of the concern todada centered on the 7yearold boy who witnessed the killing of his mother in april. Steve donald said today his grandson celebrated a birthday the day before the killing and he will always have those memories of his mothers death. Live in cedar rapids, chris earl, kcrgtv 9 news. A Missouri State trooper faces a charge of Involuntary Manslaughter for the drowning of a handcuffed iowa man. 20 year old Brandon Ellingson of clive died while he was in the custody of trooper anthony piercy. Ozarks. Thats where on may 31st, 2014, piercy was transporting ellingson by boat for a breathalyzer test when e eingson fell into the water and drowned. He was wearing a life vest, but it wasnt on securely and slipped off. The drowning led to questions about a decision that merged missouris water and highway patrols. A man driving by a va
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Welcome. We continue our conversation with one of the worlds most influential economists sited by his colleagues in the field. Hes a nobel laureate, and hes mad as hell, infuriated by americas growing inequality as those at the top buy the politicians who write the rules that rig the system. Hes especially angry at how the tax code has been manipulated and abused to place the burden on the earners of ordinary income, instead of on the rich and powerful most able to pay. But Joseph Stiglitz says there are solutions. Heres what he told us in our last episode we have a tax system that reflects not the interest of the middle. We have a tax system that reflects the interest of the one percent. And i want to do is create a tax system that has incentives to create jobs. And if you tell a corporation, look it, if you dont create jobs, youre taking out of our system, youre not putting back, youre going to pay a high tax. But if you put back into our system by investing, then you can get your ta
Welcome. We continue our conversation with one of the worlds most influential economists sited by his colleagues in the field. Hes a nobel laureate, and hes mad as hell, infuriated by americas growing inequality as those at the top buy the politicians who write the rules that rig the system. Hes especially angry at how the tax code has been manipulated and abused to place the burden on the earners of ordinary income, instead of on the rich and powerful most able to pay. But Joseph Stiglitz says there are solutions. Heres what he told us in our last episode we have a tax system that reflects not the interest of the middle. We have a tax system that reflects the interest of the one percent. And i want to do is create a tax system that has incentives to create jobs. And if you tell a corporation, look it, if you dont create jobs, youre taking out of our system, youre not putting back, youre going to pay a high tax. But if you put back into our system by investing, then you can get your ta