when he became the first pope to resign and almost 600 years. he cited a quote, lack of strength of mind and body as his reason for stepping down. benedict was born in germany and grew up as the regime was gaining power. after the war. he turned to theological studies and eventually became a professor in 1951. he was ordained as a priest. as work in theology attracted the attention of the archbishop. who asked him to serve his expert assistance at the second vatican council in the sixties , and then in 1977, he was appointed archbishop of munich . three months later, he became cardinal benedict. the 16th was elected pope in 2005 following the death of his close friend, pope john paul, the second at age 78. he became the oldest newly elected pope since 1970. pope benedict the 16th dedicated his entire adult life to the church from 1951 when he was ordained a priest until resigning his pope in 2013, greg palkot, takes a look at his life and legacy. when john paul. the second di
Stifle from the strength of swiss franc. And the reverse takeover in the British Assets in a 1. 3 billion pound deal. Good morning, everyone. Another episode of Worldwide Exchange. Good morning to you, seema . Yeah very good how about you . A lot happening in the gold market overnight. Absolutely. Lets get to the stop story. The price of gold has slump tide fiveyear low. The precious metal was trading as much as 4 lower after the asian markets posted. That mood with randall resources hit the hardest. Spot gold currently off at 1. 6 . And s p down 10 . Northern star down by 0. 2 . And the chinese selling and triggering stop loss orders. 1 million being traded on that very exchange. Thats after the government said on friday that the gold reserves were up 57 from six years ago, abdomen that was a lot less than people had had anticipated. A lot of factors seem to be weighing on the price of gold right now. You also have the fed indicating that they will raise rates sometime this year in th
Washington journal continues. From the newptak york times back in our desk. Up headline, justices take gerrymandering based on party. Remind our viewers what gerrymandering is and why the case is so important. Guest gerrymandering is drawing legislative districts pretty see maps with funny looking districts. Party inn why is the power draws the districts to favor their own party and the question of whether that kind of political gerrymandering, which has gotten very sophisticated, is constitutional, it has never been squarely addressed by the u. S. Supreme court. They have never struck down a legislative district as part of gerrymandering. The fact that they are taking a look means we might get, next term, a big case to be shaved american politics. Host the difference between political gerrymandering and racial gerrymandering . The Supreme Court has often shut down legislative districts for disadvantaging that is thought to be a problem under the equal protection clause of the Voting R
So think about that. Think about that. Time for a few more questions, yes maam. Youre on the tv. Would you comment on the university situation . Some of it seems like its beyond help. Im thinking middleberry last week and what went on there. It seems that theres no end in sight to what we can do. Look, thats a good point and our universities are almost beyond help. I mean, talk about irredeemable, sweet mercy. Some of the stuff going on on those campuses with the snowflakes and the snake safe spaces and microaggression and triggering. We go into that quite a bit in the book and weve learned just over, for example after the, there was a big controversy at the university of missouri and a lot of the alumnus just stop getting and a lot of their donors just getting and even though a lot of people may not have an ideological or moral compass on a university campus, they do understand the Bank Statements so one way to fight back against this nonsense is to start withholding money and stop, o
The table so that when we meet we can talk about our business. Shares in syngenta jump on the news that the ceo will step down months after turning down rival monsantos take over bid. Paul ryan throwing his hat in the ring for the race as the House Speaker saying he could run if certain conditions are met. Welcome back. Hi nancy. Hi louisa. Fancy meeting you here. Weve never done this before. We established in the first hour that its ferrari wednesday. Ferrari red day. Its red markets day. It is. Its post office listing, post office ipoing in italy at a which is red. What else is red. But really a consequence actually. Lets take a look at the futures and see if theyre carrying on the pattern but theyre not. Breaking the red theme here. All major markets up slightly in positive territory and this comes after the major markets dipped into negative territory breaking a three day winning streak here but not a lot of conviction holding below that. 5 mark and digesting earnings disappointmen