Viable in the philippines. Again, human behavior. Its taken them ten years to pass the Renewable Energy act. Its taken them another five years. Human behavior effects this. And i think theres a lot of opportunities where asia can do better. Biofuels, and i call this more efficient use of coal. When i was in charge of the clean energy program, i got hammered i used to get hammered all the time by grease peace, because it was called the asian dams and bridges bank and we finance a lot of coal, they say its changed. But they use to hammer us all the time and say, no, you cant use clean coal because youre whitewashing the problem. Theres no such thing as clean coal. Coal is dirty. And so we in the peace treaty we decided that whenever we talk about clean coal, supposed to call it more efficient use of coal. When i say more efficient use of coal, i mean ccs. And we have some funding from the ccs institute. And weve been working in india, china, vietnam and chio on the for ccs. And weve been
She is the bestselling author at the netbook on the Global Economy and Financial System is going to be published later this year. Please join me in welcoming our host. [applause] good morning. Thank you for that very kind welcome and welcome to the first session of this years conference called the return to volatility. I think the subtitle of that could be yikes, what is going to happen next . The role has been thrown at ordinary decade. First we had a gigantic credit bubble and then an even more shocking Financial Market collapse is not battle turbulence and then we had a truly staggering policy response. It has in many ways typical of Financial Markets into the equivalent of alice in wonderland. They reckon that 1020 of aid was provided by banks. We have had a debt increase of 57 trillion according to mckenzie. Much of that actually has come from china. We also live today and it rolled extraordinarily long yields. You have a number of companies that are issuing at negative yields. It
Someone who is not a suspect. So theres no reason. Thats a clear area infringement of privacy. Now, if you go further its becoming, of course difficult. [inaudible] would be one aspect we have to investigate. Another one is to create a complete picture of the private life of somebody going back to his birth, have a duty to come to be demonstrate our collective enormous mass of the this will be another aspect just illustrating, there are cases which fall under Something Like that and we should work on this definition. And the fact that we do not have Something Like that would not leave me to the conclusion we shouldnt go in these things. Its the same with this attitude on extraterritorial application of things like that. That. These questions are so new that you cannot find any government position. Thats another valid argument. There are pioneers on these questions. The government are not get there. I agree with you its a political question on this issue. One final point where i do not
0. 4 . Then this afternoon, well get the feds beige book. As for earnings central, bank of america is expected to post earnings of revenue of 20. 2 billion. Other corporate headlines for you, General Motors, theyre going to be paying their first Quarterly Dividend on its common stock in almost six years. The stock rising on news in extended trading. Lets go now from autos if we can to air lines. A japan air boeing 787 now grounded at together yoeps ae airport today. Regulators there are demanding checks to see if the aircraft is fit to fly. Yesterday, white smoke vented apparently from the plane in a battery shell showing signs of melting. Boeing says the problem was discovered during scheduled maintenance. And the good news, no passengers were on board. On wall street, a Federal Reserve official is going to be telling lawmakers that regulators expected to write more rules. So all of the Big Department about Goldman Sachs carrying aluminum around. The rule could include higher Capital
Real money. This is real money, you are the most important part of the show. Tell me what is on your mind by tweeting me or hit me up on facebook. The United States and the European Union upped the ante against russian president Vladimir Putin, both targetting the economy with expanded sanctions against the military, finance and Energy Sectors. Treasury secretary said in a Statement Given russias direct military intervention and efforts to destabilize ukraine, we have deepened our sanctions against it. He extended on olive branch to the russians, saying if they pulled back support for rebels in eastern ukraine, new sanctions could be suspended. The e. U. Announced a major success, an issue offsetting a stand against the west, a trade back delayed until the end of 2015. For now, how much, the cost for the russians are rising. The tit for tat sanctions are taking their toll on western market and firms doing business with russia. Todays u. S. And e. U. Sanctions specifically ban transacti