Tried to pretend these are technical issues, you should leave them to us and you wont understand. I think what im trying to do with this book and the reason why people respond is that people want to understand these issues about income and wealth, issues are too important to be left to economists, theyre to be left to everyone. Charlie theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Additional funding provided by and by bloomberg. A provider of multimedia Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Charlie Thomas Piketty is here. He has dedicated much of his career
These are technical issues and for too long economists have tried to pretend these are technical issues, you should leave them to us and you wont understand. I think what im trying to do with this book and the reason why people respond is that people want to understand these issues about income and wealth, issues are too important to be left to economists, theyre to be left to everyone. Charlie theres a saying around here you stand behind what you say. Around here, we dont make excuses, we make commitments. And when you cant live up to them, you own up and make it right. Some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where its needed most. But i know youll still find it, when you know where to look. Additional funding provided by and by bloomberg. A provider of multimedia Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Charlie
Andrew, welcome back. Thank you, becky. It is now official, weve been talking about it for weeks if not months, but bnp paribas has pleaded guilty to charges and paid ads 9 billion fine to resolve violations. 9 billion i think is the most any bank has ever paid in a case like this. The bank is banned for a year from conducting certain dollar transactions. Thats key and its important because its a key part of bnps International Business and will cost them and hit their bottom line. Fbi director jim comey yesterday with a message to all shareholders, not just those with a stake in bnp. The 9 billion thats walking out the door today is your money. We do these cases over and over again and shareholders money walks out the door. Until shareholders demand from their boards that those boards choose leaders who understand what it means to create a healthy culture of compliance, the money will keep walking out the door, well have to keep doing this work. And the penalties against bnp are signif
Than 3,000 people are now without a job. It is a sad situation for everyone, i was able to speak just few minutes ago, to the last few people out of the doors before revel shutdown for good. People we saw on the whole place. We came back here, because we come back here at least once a week, and it is like our favorite place. It is beautiful rooms, amazing place, clubs are awesome. People awesome. Very hospitable. Always friendly but came to say goodbye to this place. Thats a live look at the gaming floor this morning. Those lights are still on. But revel is closed for business, and every once in a while see some employees gathered at the window soaking in the sites one last time of course, theyll eventually make their way out, and unfortunately, on to the unemployment line of course this is not going to be the last closure again, trump plaza scheduled for closer september 16th. That will will make it four closures in the last eight months, Atlantic Club close closed earlier, showboat c
Gaming industry. Eyewitness News Reporter jan carabeo on the boardwalk right now as the clock is ticking down. Final countdown, 30 minutes from revel, final closure and you can see behind me this morning, security has already put up chain at the boardwalk entrance, no one going in at least from this point, of course, the casino is scheduled to close at 6 00 a. M. When revel opened it, did so to great fanfare seen as the savior of Atlantic City two, years later to multibillion dollar casino and hotel, never turned a profit. Again, the casino is scheduled to close at of a. M. , the lights on the gaming floor, you can see there, are still on, but they are about to go out for good. But the wind down actually started yesterday. Crews were out on the boardwalk chopping off the sign out front, around 11 00 a. M. The final guests checked out before the hotel closed. Only the casino remains open now. But its luck is about to run out, as well. Revel took two and half billion dollars to create. I