Harder than he may think. Carol plus, our conversation with the hilton ceo, chris nassetta, on how the trade spats are affecting his company. Jason but we begin with Bloomberg Businessweek editor joel weber. Joel, lets start with the International Cover. Its a look about the bond market, debt, whats going on . Joel cheap money has been around for a decade now, and it is having a profound effect in the Global Economy. We look at the ecb this week and negative rates. Negative rates has been an untested policy tool that japan was using. And now its starting to spread. It was going to go away, and now its back almost, and its just a profound idea that a bondholder would invest in something that, if you hold that for duration, youre going to lose money. It just goes against the principles of, like, investing, right . This is investing 101. Carol who wouldve thought if you go back even a decade ago, that we would in this environment . Here we are. And it affects everything. Joel the idea of
Eu on october 31. Traits pets are affecting his company. , we begin with editor joel weber. Joel, lets start with the International Cover. Its a look about the bond market, debt, whats going on . Joel cheap money has been around for a decade now, and it is having a profound effect in the Global Economy. We look at the ecb this week and negative rates. Negative rates has been an untested policy tool that japan was using. And now its starting to spread. It was going to go away, and now its back almost, and its just a profound idea that a bondholder would invest in something that, if you hold that for duration, youre going to lose money. It just goes against the principles of, like, investing, right . This is investing 101. Carol who wouldve thought if you go back even a decade ago, that we would in this environment . Here we are. And it affects everything. Joel the idea of low rates was to spur growth. Thats not happened. And this problem just keeps getting worse and worse and worse, and
Life. It seemed as though he cannot possibly. And a certain inevitability that takes over when i lay his story out. Here is like it could be no other way. To understand is to forgive. Watching the wire and lately. I mean, i have been watching it is supposedly an accurate portrayal breed i dont know if you have seen it. But an accurate portrayal baby brought in and distributed pitbull and dave simon was a former reporter please do you find these two stories dont really jive with that whole wire police catching people on wiretaps and all these sorts of drug buys and Police Informants in that sort of thing. And just curious your thoughts on that. Well, two points. I mean, they are dealing crack and heroin. So categorically different kind of animal involved in that business. I dont know much about how it works really. It is a different individual that gets involved. Also on the Street Corner level i have no idea what happens there. George was. It george never tell what this had nothing to
Said you know africa more than i do can we invest together. So some of you maybe having information and moving to the this or other african countries, we know our continent and we are there with you and meet ch challen challenges and opportunities together. Thank you for joining me in the panel. [applause] our special booktv programming continues over the next several hours with a focus on marijuana. Beginning with doug fine on his book hemp bound dispatches from the front lines of the next agricultural revolution. In a little more than an hour you will hear from angela hawkin on marijuana legalization. And then the last pirate. We want to hear from you. Tweet us your feedback at twitter. Com booktv. Doug fine is up next talking about the hemp and argues with the relaxation of marijuana, hemp will become a billion dollar industry soon. This is about an hour. Hello and thank you so much for coming. I first met doug last year on colorado day, which is august 1st, when we found each other
My father was surprised to what the d. A. Thinks is the most prolific smuggler of the reagan era. He did one more job with an old ring he used to be involved in, boston guys and they disappeared. He did one more job and disappeared. That ring in boston, as a way to launder money they had loan shark and i notice that the loans were going to friends and family. They got busted and they got indicted for marijuana sales and willie was on the indictment. The d. A. Was like who is the supplier . We want to find him. Willie was in portugal living it up in a big Coastal Community and being a shed head. He had a furry and he was driving fast around the place. They couldnt find them for a long time and in the Court Records there are all these references to the, what did they say . They said will, last name unknown. They dont know where he is but eventually the local authorities are like who is this gringo with a four regarding . So they identify him successfully. He gets busted at the dentist. T