Cofounder and group ceo. Everybody has a big chance to go digital, but people need to change, three liters driving alibaba the global disruptor. It was a humble beginning for jack ma as they cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted the answer. Senior executives were quarantined and that gave birth best platform which growth ebay out of china and led to the single day shopping extravaganza and the launch of many new businesses. Much like bloomberg set up for the interviews, the rise of alibaba has been no small feat. More demanding. Eight next step me be even the sars, theres a lot of things we can learn, but today the things we are doing, there nothing we can learn from. Because we think, are the leader of this industry thatu the things you driving on the value of the mission. Theres not a textbook you can read. Ill anyone could have imagined the kind of scale we reach today, but i think we are very lucky to have participated i
The low rate environment. Welcome to Bloomberg Markets rules returns. I am nejra cehic. Rules and returns is the show where we delve into regulatory challenges and opportunities around the globe. From mifid ii to doddfrank, we will speak to those reacting to a new generation of rules. Lets get straight to mifid. The new regulations are set to change the landscape for Investment Research ahead of the legislation going into effect on january 1. January 3. Take a listen. Mifid ii is disrupting the world of Investment Research. In the past, Investment Research and corporate reports have typically been offered as a free service to carry out their trade. From january 3, that research will have to be paid for separately. Why . Eu lawmakers wanted to curb conflicts of interest that could leave investors facing opaque, steep costs. Under the new rules, investment firms will have to demonstrate they are getting the best execution for their clients when they trade. Regulators hope this will lead
Neon signs and it is kind of dirty on purpose. Right next door to the pot shop. We are cool. Not that i no that is where you buy pot. Abcaseven ipot. [laughter] i have heard. But you know you have this very comeau we are not a bank feel on purpose. I think the post office is closer to them than they are to the banks. In your conversations with elective and nonelected officials in the federal government kind of reaction are you getting . So far i will telli will tell you who has been supportive, and you wont be surprised. Senator warren early on. Very supportive. Senator brown recently, Ranking Member of the Senate Ranking democrats. Bernie sanders recently joined and very publicly. And so so for people who are focused on the stuff have not gained wide traction, but the conversations have just started. Hopefully more. It is best to not be involved in legislative. Legislative. The postmaster general currently is not set either way. The 1st female postmaster general. Less i sound a little
Government continue to expand. The projects continued during that years, you had Democratic Congress is before those here so when you have a republican president with the Democratic Congress it tends to perpetuate. Reagan halted that. Theres an interesting argument about how much he reversed it. He did not really shrink government. The federal government was about the same size when he left office when he was elected. The government stopped growing. He gave rise to a movement that still holds to his fundamental belief that is the modern conservative movement. I think you could argue that since 1980 we have been living in the age of ragan. Just as republican president s were republican president s in a liberal in a liberal area before that the democratic president s have been democratic president s in a largely conservative era since then. I think changing the direction of government, challenging the role of government, stopping the growth of expansion of government and the way he did w
It was an easy book to write. Book stf tapes hundreds of author programs throughout the country. All year long. Heres a look at some of the events well be cover oing this week. On monday journal fist john and karen have a history of awe psm in new york city. That evening were also at the w hotel in washington, d. C. For former defense secretary robert gates talk on leadership and public an private sec porps on tuesday were off to the Jewish Community center in boca raton, pht for look at the history of assassination attempts on the president. Wednesday, its back to washington for jesses recount of the lives of slaves in the white house at busboys and poets on saturday, just a couple of miles from our studios in washington, well be covering two programs at politics and pros bookstore. First, magdz poundser and jim wallace looks from a christian perspective and later that evening david will remember his decision to turn it in his brother the unabomber ted. Thats a look at some of the aut