By refurbishing Assembly Plants. Why, then, would they spend 500 million on radical newlant . W coulans why, then, would they spend worth 300 million . A fundamental incentive of our Economic System is to make money. It is why we work, save, invest, and take risks. Individuals and institutions alike want to maximize the money they can get from the marketplace. Profits and interest how do you get the best return . With economic analyst richard gill, well investigate that question on this edition of economics usa. Im david schoumacher. The church first decreed that charging for the use of money was sinful. The concept of usury and its immorality is found in the bie. By the middle ages, it was churclaw. Usury came to mean excessive Interest Rates. Limiting rates to reasonable levels was adopted as government policy. What caused that policy to work against people it was designed to protect . For 100 years, maryland Financial Institutions lived with laws setting usury ceilings. Because Inte
Good morning. You are watching Market Makers. Im Erik Schatzker. Im stephanie ruhle. If it is not exciting for our audience, it is exciting for me. For the first time in almost three weeks you and i are together. I had to come back today, because the fact that we are talking about how dan loeb found Permanent Peace is absurd. If i think of one thing, dan lo, Permanent Peace to my not so sure about that. Just so long as he is at peace with himself. There you go. Somebody has been doing his yoga. From get to the stories around the world. Some revelations about what cause the departure of pimco ceo mohamed elerian. According to the wall street journal, his relationship with cofounder bill gross deteriorated in the last year. At one point, the two squared off in front of two dozen colleagues because of a disagreement over bill grosss management style. Gross has admitted he can be difficult to work with. Maybe he is a little bit like me, eric. Will cut, jpmorgan about 8000 jobs later this y
Points so really is a nice showing. 28 of the 30 dow components in the green. We heard from House Speaker john boehner. The overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say theyre trying to work it out. Smooth it over, ultimately. They know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. Europe seeing improvement helping equities along as well. Lori not sure if you mentioned the fed. We were talking about it at the top. Talking about their expectations of ben bernanke. Nicole would even throw out the idea of stimulus . That helped things along pushing us along throughout this entire last six months. Lori absolutely. Thank you so much, Nicole Petallides on the floor of the New York Stock Exchange. Protests turn violent in lansing, michigan, as Union Protesters ripped down a tent belonging to righttowork supporters. Becoming the 24th right
This is the big interview of the day. We have some big interviews, bringing you and talking about Global Business of sport. There is a big event going on downstairs with some of the leading minds in the sporting world. Two of the top attendees will join the pulse today. One is the principle of the red bull formula one team. Hims chief executive called his ideal successor. This is the guy they could be running f1. Red bull has dominated the circuit in the past few years. We have seen changes to the rules coming on the horizon. The 2013 car will look very different from the 2014 cars. Big rule changes. We will talk to him about that. We are also going to be joined by the chief commercial officer of arsenal, tom fox. He will explain how he is working to promote the club to an International Fan base. We will also hear from the ceo of the Brooklyn Nets. Find out why he is feeling lucky ahead of the nba faceoff in london. They are playing the Atlanta Hawks. Lets focus on france now. The ques
Spain exits deflation, the country also posts its strongest quarter growth in three years. The key inflation figure for the eurozone as a whole due in one hour. Plus, brace for impact. Were joined on the show by dr. Doom himself, mark farber who says equities are facing a crash this year that could be worse than what we saw in 2008. Youre watching worldwide exchange, bringing you Business News from around the globe. Hello, a warm welcome to the program. Mark farber is with us on set. Well be getting to him fairly shortly. First, alstom shares are soaring higher as they open for their first day of trade since monday. The firm says it is considering a 17 billion effort from General Electric for its power unit that includes 13. 5 billion in enterprise value and 3. 5 billion in cash. Alstom will make a decision by may. It all comes as rival siemens says it needs a month to prepare a bid for the country. Where does this leave us exactly . Stephan, where does this leave the french government