American dream, american greed, its a very provocative title everything today we are in for a real treat. Were going to try to have a very lively 30 minute discussion and then going to try to leave room for about 10, 15 minutes of obvious questions before we break, and we have a hard stop because of cspan2 today at 10 50. To kick us off, both of your books are so well conveyed and really so captivating, id like to ask each of you to kind of take us off with maybe a two to three minute elevator ride to the top. What are the major points in your books and what do you haver to say about them. Im going to start with bethany. Before i do, shaky ground is the title. Its very timely today come this week unfortunately japan is in the news again, a very severe earthquake. In 2011 i was in tokyo for the big earthquake there which touched off tsunamis in a Nuclear Emergency that they are still trying to deal with. 2008 our Global Financial system melted down. Eight years later bethany says were s
She coauthored the smartest guys in the room about the fall of enron, but more important than that, she actually foretold it a few years earlier when she started asking questions, is enron overvalued x is it transparent. Actually, when she says there may be another issue brewing, we probably ought to sit up and listen. To my left, ben strauss, hes written in depth on College Athletics, but hes really dived into the very rich and multidimensional Human Interest stories behind College Athletes and athletes around the world. Actually, hes got my sons dream job. Frankly, my dream job. So its really great to have you here, and thank you pote for coming both for coming to this years Annapolis Book festival. American dream, american greed, you know, its a very provocative title. And i think today were in for a real treat. Were going to try to have a very lively 30minute discussion, and im going to try to leave room for about 10, 15 minutes of audience questions before we break, and we have a
Quarter report. Could come out any minute. If history is our guide well see the stock move up or down as much as 10 based on what happens. First lets get you back to these stocks, dropping into the close. Lets go right to adam shapiro at new york Stock Exchange. Adam, it was about 2 30 when the market really began to slide. What happened . The. Reporter i asked some of the traders down here and they said it is just algorithms, computerized trading started the selloff. When we broke below 2095 on s p 500, those computers kicked in and down we went. Look at stocks that sold off big, ibm was down close to something 2. 1 . Home depot was down over 2 . Apple, we keep talking about apple after they missed on earnings, look at that apple down 3 . Goldman sachs down what, 1 1 2 . Boeing was down close to 1 1 2 as well. What is surprising after we got the bank of japan news this morning which surprised everybody, we started to pull back from the selloff. We were one point down only 12 points on
Morning. A c. H. P. Officer was stabbed with a knife. We do not know how many times or how severely. He was inspecting a series of homeless encampments on the onramp. We do not know what happened or how it happened. All we know is the officer is down. He was taken to the hospital. Condition unknown. Suspect instead. The area is still block off. There is in getting on the freeway at this point. No eastbound access to interstate 80. It will not likely open for a while. You can see Police Officers investigating two or three tent areas. It is still fluid. We will know more when we have more information. The most important part is the officer is down, officer injured, and access to the highway east 80 from this location is not going to happen. Live from San Francisco. Back to the sky, sky 7 h. D. Right now part of 4th street shut down between brandon and bryant. Avoid this area and the surrounding street news are driving. Officers are working to conduct interviews and gathering more informa
I am francine lacqua. On what we can expect, lets bring in a bloomberg bloom reporter on a snap election. Tell us about the feeling is like in japan right now. , a lot ofonfusi. The japanese are not sure why it is necessary for a couple of reasons. Prime minister shinzo operate eady has shinzo abe deregulating. Also the reason to have this so off they can turn to the japanese people and get a delay that nobody wants. Certainly, yesterday the gdp numbers are the economic conditions. Theres a lot of confusion on why this election is even necessary. To go toolitical stunt the people and get a fresh mandate so they can turn to the party and say we will make changes. Alreadyhad two years and done very little on the third arrow. The question is with the new mandate, will he get to work . Willie, that is the question really. Is it a reflection of the reality of economic reform takes a lot longer than maybe he anticipated when he got into this and as a result of which, actually this is pragmat