Hello. Im betty liu. This is bloomberg best. Begin with a day by day review of the weeks top stories. Monday when the imf welcome the currency. It is a recognition of the significant reforms which have been conducted, of the opening up of the chinese economy, of , morenancial marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . Gdp,d one third of global less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . Dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial market. Ad a formal recognition of very Important Role played by china in terms of global trade. Betty michael plath, the founder of bluecrest capital, currently running a billion d
Hello. Im betty liu. This is bloomberg best. Lets begin with a day by day review of the weeks top stories. Starting on when the imf welcome monday, the chinese currency. Inclusion ofon and it in the basket of currencies is a recognition of the significant reforms which have been conducted, of the opening up of the chinese economy, of the financial, more marketdriven principles that are being used by the chinese authorities going forward. Shortterm it doesnt mean a lot. To put things in perspective, you are looking at a total allocation of 318 billion. That is roughly 6 of the daily Trading Volume in total foreign exchange. Just 6 . And one third of global gdp, less than 1 of total trade. It is a drop in the bucket. It is much more of a psychological effect. Is that significant . I dont think so. It is symbolically important for china because to me it is an officially an endorsement of what china has achieved in terms of financial market. And a formal recognition of a very Important Rol
Years here in our community. [applause] we are very grateful to art software in particular, American Airlines and always shall. Id also like to recognize the friends of the fair, many who are here in our first couple of rows. Thank you so much for your generosity in support. We look forward to your continuing to be a friend for many, many years. Miami Book Fair International and Miami Dade College work handinhand to bring this book fair to us every year. Its a wonderful, this wonderful cultural affair that thousands and thousands of fairgoers are enriched by each and every year so thank you all. Come on and have a seat, please. And as you know, our sessions are being streamed live by cspan. Please help us to keep the fair going for another 30 years and we usually ask you to turn off your cell phones that we are going to ask you to keep them on and actually take them out and make a donation if you are so inclined, a 30dollar donation to recognize that 30 years that the book fair has bee
[applause] a number of you know me from previous years. Its hi pleasure to be here to welcome its my pleasure to be here to welcome you and on behalf of Miamidade College, the college that really puts forth maximum effort in terms of solen b tiers volunteers from all its constituents, students, faculty and staff to make this book fair happen as it does every single year. And for the past 30 years. Id like to thank our sponsors, there are many of them, but in particular o. H. Aryan know and American Airlines for their sport. Id also like to thank our friends, many of whom are seated right here in front. Thank you so much for all of your support this year and for the past years that this fair has been made possible in part because of your generosity. The end of the session, as you know, the authors will be signing their books. Theyll be autographing on this floor on the other side of the elevator so you can proceed to that end, and you will also have an opportunity to ask questions after
Another longer, monograph coming on the north caucuses with the u. S. Army war colleges looking in depth at the military and security aspects and the history of the cob conflicts in north caucuses. But as he mentioned, this is now a conflict not just in the russian context, not just in the regional context of the north caucuses, not just in the russian statewide context but it has global connections. Just recently, a salafi cleric issued a fatwa, a religious ruling, justifying in the in vol ct the attacks fwmbings enbrad and exchanging that attacks on the russian civilian population is justified because the population is not standing up against the russian government when its persecuting muslims. Therefore, he says, any russian citizen, and he doesnt even he mentioned christians, orthodox, but doesnt distinguish the probably 20 million russian citizens who happen to be muslim, that these civilians, women, children, and be ly, are all allowed to murdered in terrorist attacks. Before tha