Recognized names in swiss banking. He is now vicechairman of blackrock, the worlds biggest money manager, which handles more than 5 trillion in assets. After 10 years from the financial crisis, what have we learned . Philipp we had too much leverage in the system without any doubt. And that when you have leverage, bad things happen. Not only do they happen, but when they happen, the effects tend to be amplified. I think that is the key takeaway roommate all. We have also learned that this notion of kind of letting the market be totally free, that governments really should get out of the way, that wasnt a very good idea. What stands out is banks needed much, much more capital than they had at the time. We had capital levels that were excessively low. I mean in some cases, these , banks were leveraged nearly 100 times. And that, to me, has always been the key takeaway. In some some case ways i wish we had focused more on the capital issue and less on all of the many other things that hav
Jamie yuccas, thank you very much. Red woods are threatened by an onslaught of tour tiss. Dont ask where. What a police to work . Reporter entering the redwood forest is like stepping back in time. Among all the towering trees, the exact location of the tallest, named the grove of titans has long been kept secret. To help preserve them. The early management philosophy was we are not going to tell people. We are still not telling people. Brett silver agreed to lead me to the titans home to some of the largest trees in the world. This is not an official state park trail. No one trail that visitors have created by searching for some of the trees and grove of titans. Some one posted gps coordinates on social media. Iffages like this lured thousand of tourists to the area in search of the seek treat grove. Calling it the grove of the titans, secret grove, that just enhanced the hunt. People got, intrigued into the big tree hunt. Like trophy hunters. And like trophy hunters, people posed wit
Almost sixty million americans are affected by mental illness. Together we can help them with three simple words. My name is chris noth and i will listen. The only thing better than playing a hero in the movies, is being a hero in real life. Like the 50,000 veterans who returned from iraq and afghanistan with devastating injuries. They are true heroes. And theyre why im proud to support paralyzed veterans of america. They make sure veterans with spinal cord injuries get the care and support they need at no cost to them. To learn more, visit pva. Org. Thats pva dot org. Far too many young women around the globe lack crucial medical care, access to education, and a safe place to call home. They need to be empowered and supported. Learn how you can help at girlup. Org. A killer storm is bearing down on vietnam. Nearly a Million People have been ordered to evacuate. Typhoon has killed 160 in the philippines, 170 others are missing. Flash flood and mudslide have wiped out villages. Tens of
Dingdong we are 1483 transpo a killer storm is bearing down on vietnam. Nearly a Million People have been ordered to evacuate. Typhoon has killed 160 in the philippines, 170 others are missing. Flash flood and mudslide have wiped out villages. Tens of thousand spent christmas in shelters. There is no christmas break for crews battling the thomas fire in southern california. It is now the largest fire in state history. More than 281,000 acres have burned. It is 86 contained. Jamie yuccas met some firefighters. Reporter it is not how nearly 1600 expected to spend the holiday. Woke up on a cold hard cement floor surrounded by snoring men. Not how i thought i would wake up on a Christmas Morning ever. Marquee moss is almost 700 miles away from her home in central utah. An opportunity doesnt come often. Glad to be here. Reporter since december 4, the thomas fire destroyed over 1,000 home and buildings. At least one fire fighter died. And for others, weeks on the line have taken a toll. Why
Aid workers and syrian volunteers have begun to evacuate dozens of critically ill patients from a rebel held suburb near damascus. Last week, International Aid agencies made an appeal to president assad to allow the evacuation of seven children with cancer. The first of the patients were taken out of Eastern Ghouta overnight by the red cross and the syrian arab red crescent. More patients should be evacuated in the coming days as part of a deal between the government and rebels. But hundreds more are in need of treatment. The medical situation for People Living in Eastern Ghouta is desperate after four years under siege. Martin patience reports from beirut. Seven year old imjy is preparing for a shortjourney, and it will almost certainly end up saving her life. She is suffering from haemophilia, but last night she was among four critically ill patients to be evacuated to damascus for life saving treatment. This is what shes leaving behind. Eastern ghouta is one of the last remaining re