Unprecedented actions taken by the president reserve to rescue the economy after it collapsed. His class is about an hour. Professor levy ok. In our lecture on the great depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. The 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets of a pattern that goes across the 2000s. Into the great depression. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflatio
Professor levy ok. In our lecture on the Great Depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. First is the 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets a pattern that goes across the 2000s. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflation and generally supportive Credit Conditions, rising equity values are providing impetus for spending and in turn the expansion of output, emplo
Put investors in a buying mood and lifted the major indexes for the first time in the fourt first, oil prices settled oh so close to 50 a barrel. Then there was a spade of solid economic repor that reversed fears that the economy hit a wall in august. More on both of those stories in a moment. First here are the closing numbers. The Dow Jones Industrial average climbed 112 points to 18,281. The nasdaq added 26 and the s p 500 was up 9. Lets talk about oil. First, which has its sights set on 50 a bar the price of domestic crude hit its high yefl level since june. The commodities settled up more than 2 to 49. 83. But will those prices hold at these levels . Jackie deangelis takes a look. Reporte the price of crude oil up about 12 in the last month. A tentative deal from opec to freeze product near record levels, boosting prices. While analysts feel capping producti at 32. 5 Million Barrels wont necessarily impact the supply demand dynamics, they think its an important step, a sign, perha
And lifted the major indexes for the first time in the fourt first, oil prices settled oh so close to 50 a barrel. Then there was a spade of solid economic repor that reversed fears that the economy hit a wall in august. More on both of those stories in a moment. First here are the closing numbers. The Dow Jones Industrial average climbed 112 points to 18,281. The nasdaq added 26 and the s p 500 was up 9. Lets talk about oil. First, which has its sights set on 50 a bar the price of domestic crude hit its high yefl level since june. The commodities settled up more than 2 to 49. 83. But will those prices hold at these levels . Jackie deangelis takes a look. Reporte the price of crude oil up about 12 in the last month. A tentative deal from opec to freeze product near record levels, boosting prices. While analysts feel capping producti at 32. 5 Million Barrels wont necessarily impact the supply demand dynamics, they think its an important step, a sign, perhaps, that saudi arabia is admitt
Fire he wrote this. The story of my life coincides almost from the beginning with the story of my country so the chapters that follow are a biography not only of a man but a pakistan as well. I will take that literally as license to hold you accountable both for your own story and for your country this morning. Look forward to it. Over the next 20 minutes. I would like to begin with your Current Situation which you seem to have experienced over the past couple of years a dilemma unique to the 21st century. Which was you left a voluntary exile to return home, encouraged by social media, and encouraged by what you are seeing on facebook and discovered something quite different when you arrived in pakistan. And with the treason and government wanted and do you very great having returned to your country. And because of social media and i return from my own vision of what aught to be done in pakistan. I thought that time it is a requirement over the Third Political in pakistan and i taught