The banks will end up in the pockets of terrorists or countries where sanctions prevent any kind of financial activity. Carol some banks have gotten in trouble because money past through them and it ended up in the hand of terrorists. And thats the big worry . Alan ellen that is a big worry. They are cutting up these charities. These charities are trying to feed people in syria, the people in war zones. They are trying to do the best they can to ensure this money does not in any way to the terrorists. They are sorted at a standoff at the banks because the banks dont want to get in trouble themselves, yet they need the money, the charities the money so they can provide food and money. Like islamicrities relief, christian aid, a bunch of them. Carol you guys are following the paper trail when it comes to the Panama Papers. Tell us about that. Ellen this week we sort of step back and look at the reaction to panama all the disclosures from the Panama Papers about how various highprofile pe
Nothing should get in the way of the things you love. Get americas fastest internet. Only from xfinity. Television. Lets get straight to the bloomberg first world words. Falling for the night stay in a row, its longest losing streak in a year. The dollar has strengthened against all of its major peers. This is after janet yellen said on friday that an Interest Rate increase is likely. Japanese shares rose, while chinese retreated. Bonds are closed worldwide monday. The yen has sunk to a one month low against the dollar and japanese shares are set for thei r highest close since may. Growth stalled in april, increasing the likelihood of a delay. European truck maters, including volvo, will face the biggest cut in european history. The penalty could be imposed within weeks. Thepaper reports that charges relate to ris pricefixing. Group. Has quit the thecompany has accepted resignation. Noble shares have plunged 60 in the last year, what questions about the Accounting Practices during the
Mitsubishi with fixing their admission standards correctly. He has been brought in to try to help fix that. It is all because nissan has invested in mitsubishi motors. Makes him so good at doing this . The picture that you have with him, he looks like wolverine. He does. I bet you he will like the picture. In france, they called him across killer. He knows how to cut costs, how to make auto industries, Auto Companies working together share platforms, etc. He knows how to do it for less. Looking at Venture Capital, let a circles, no surprise the internet is a subject of a lot of Venture Capital investment. What can we take away . My favorite part is it looked at the recipients of Venture Capital and where they went to school. The most prevalent was dropping out of school. You have a lot of entrepreneurs who are taking the advice of some of the people on silicon valley, peter thiel among them, saying you dont need to go to college. Not a big surprise, the next most Popular School was sta
We are saying he is less like than the former Prime Minister of italy. Over the last 10 years, democracy has waned all over the world after it being on the upswing. , freedomok at freedoms is on the downswing as well. More and more, you see leaders described him as having a blow torch manner. Rump, coming t to the four. We talk about thailand and leaderswhere you have who have been elected and act like thel it hasnt made situation better, so maybe they will try something different. Ellen it feels like it is breaking down, even if you look longterm at the numbers. , longterm do better in democracies than to tell a shery ahn states. In the short term, people are not making that connection. Carol you take a look at a test that could determine a better life for kids in china. Have the high test, a more important sat. It determines where youre going to university or college. Students in rural areas are not as ready for these tests as urban areas. Are talking about equalizing it, making it e
Second deck. They make you drinks. It competes with other java just like the 747. But big airplanes are not as an fashion as they once were. Everyone is looking for fuel efficiency. Customers turned out to the emirates and a lot of their other orders are not coming through. What airlines are looking for now are the small jets of a hold smaller numbers of people, that are more flexible, work with the hub system better, more fuelefficient. Was a big Plane Division 20 years ago by people no longer there. Carol its in some years and money developing these planes. Airbus is kind of stuck with it and they are trying to make their money back. Ellen they are stuck because at this point if they say they are going to stop, they have plans in light of bill these things. They have employees building these things and they have orders outstanding. The the resale value would go way down. They are kind of stuck. Carol its also a big problem in italy. This is in the Global Economic section, the Interna