Statement good evening everybody and welcome. I am the coowner of the store along with my wife and we are delighted to have joshua hemmer back with this at p p. Joshua was here for his last book, about four years ago, and i would of course was the bad librarian in timbuktu which told the riveting story of how an art you fist in timbuktu managed with a very brave helper to smuggle more than three or 50000 historical manuscripts out from under miltons to safety about 600 miles away. The book was a best seller and established josh as someone and i truly believe it was a great story. And he said to begin, with his new book, the falcon thief which has another true and gripping tale of adventure. But this one about wildlife. And josh is a journalist by training and had a pretty adventurous globetrotting run himself working for newsweek over nearly two decades. He joined newsweek in the late 1980s as a Business Media writer and within a few years, he was asked to cover the rest of the world,
Jihadists to safety about 6 miles away. The book was a bestseller and josh is someone with a knife or some truly Great Stories and he has done it again with his new book falcon sees which recounts another true and gripping tale of adventure this one about wildlife smuggling. Josh is a journalist by trading and had a pretty adventurous globetrotting run himself working for newsweek over nearly two decades. He joined it newsweek in the late 1980s as a business and media writer but within a few years he was off to cover the rest of the world. And back here in the us in los angeles. For the past decade and a half he has continued to report and travel widely writing for a range of publications. Four years ago he 10 National Magazine award in reporting. That was a prizewinning story that told the story of aor physician who would lead the effort to control the ebola outbreak. In addition to the timbuktu josh wrote three other previous works were on about his younger brother who became a relig
Librarian singing timbuktu which told a riveting story of how timbuktu in northern probably managed with very brave helpers smuggled more than 350,000 historical manuscripts out from under militant to safety about 600 miles away. The book was a bestseller established as someone for truly, a great story. And hes done it again with his new book which recounts another to tail of adventure. This one about wildlife. Josh is a journalist by trade and hannah, a pretty adventurous globetrotting run himself, working for newsweek over nearly two decades. He joins this week in the late 1980s in the business and cleanup writer, is off to cover the rest of the world on postings that based him in berlin, jerusalem and back here in the u. S. In los angeles. For the past decade and a half, hes continue to report and travel widely, a range of publications. Four years ago, he won the National Magazine award and reported for peace title, nurses are dead and i dont know if im already infected. [laughter]
Moving news from all around the world. Delhi, newg to new jersey and washington come our bloomberg voices are on the ground todays top stories. In asia, you had the pboc lowering the rate it charges on shorterterm loans to lenders. Index added 150 billion yuan into the banking system. Joining us is tom mackenzie. Is this the start of an easing cycle, or a shortterm term liquidity crunch into the new year . Tom it seems like more of a shortterm liquidity crunch. We are looking ahead to january, what it looks like you will get a withdrawal of cash out of the Financial System here of about 450 billion. They take that liquidity out ahead of the chinese new year, which comes in towards the end of january. It does seem like it is more of a seasonal effect. More broadly in the economy, credit has been tightening. We saw today from the pboc was some gradual measures to try and address this queasy liquidity, and a couple of basis points and a sevenday reverse repo as well. About 28ly, you got b
Lets get straight into the burning issues. With me is kelsey butler, adam tim gunn, and chenal bass lake. A number of big Asset Managers have been getting into an expanding in private markets. What is it doing . Kelsey the firm is definitely growing its footprint into private credit. For one, they have appointed their cfo, Meg Mcclellan into a newly formed role of how to private bets. They are also doing hiring and potentially more acquisitions o grow their assets. Lisa what is the goal here . Why is this happening now . Kelsey it is part of a push from investors. Investors want someone who is specialized in these unique asset classes. Especially when you are talking about alternatives and there are some intricacies along the way. Lisa although, how much is this coming from investor demand, how much from the fact that fees are higher in the alternative space . Kelsey that is definitely a driver as well as these have kind of compressed along the board. Banks are making the smart decisio