Live Breaking News & Updates on Frank Raines|Page 7
Stay updated with breaking news from Frank raines. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
stocks. at least kim made money on the wedding, and this look like the most costly rescue clone up, ever. these two are toast. but, now, europe is looking just as burned, and we are on it. not us, kim, i mean, we are on the continent. with greg in rome on how europe is dealing with it, and in new york on the fall out for our economy from it. and charles on why u.s. banks could take a hit all because of it. we begin with greg in rome. reporter: well, last week it was all smiles and the europeans very happy with themselves on the bailout. and, today, everything changes with the greek prime minister saying let s put it to the people with a referendum and the prime minister changing all the cards. this has european and global markets nervous a high stakes game for his government which barely has a majority in parliament as it is and it could fall before there is a referendum which if it does, will be in january. now, no one gives you money for free and that is the problem, ....
he appeared at a bridge that needs to be fixed. it was near the home district of house speaker john boehner. tomorrow we will learn more about how the president intends to pay for this package. he will last wealthier americans as wealthier americans to pay more in taxes, and he is calling it the buffet rule after warren buffett. we re going to begin this morning by talking about this question should the rich pay more in taxes? the telephone numbers are on the screen. from the l.a. times website, a series available on-line. some of the details from the from thereporter nation s capital. he is a supporter who recently called the tax system unfair, noting that it let him pay a lower tax rate in his secretary does. it will replace the alternative minimum tax enacted decades ago to make sure that the wealthy paid at least some income taxes. the presence proposal will be enacted outlined tomorrow in a rose gordon rose garden ceremony. the story is on the front page ....
in a democracy, agreement is not essential, but participation is. join us as we discuss today s most critical global issues. join us for great decisions. great decisions is produced by the foreign policy association. inspiring americans to learn more about the world. funding for great decisions, is provided by the carnegie corporation of new york, the starr foundation, shell international, and the european commission. great decisions is produced in association with the university of delaware. now from our studios, here s ralph begleiter. welcome to great decisions, i m ralph begleiter. joining us to discuss the global impact of the financial crisis are roger kubarych, senior fellow for international economics and finance at the counsel on foreign relations. and mark calabria, director of financial relation studies at the cato institute in washington. gentlemen, ter the great depression, i think all of us had the idea that systems were put in place, safety net in ....
And you own 80% of the company, that is a nationalization. let s put lipstick on a big. they should do the opposite; that is, recapitalize them, break them up and send them out in the marketplace. so people who buy homes can keep them up. no desire on electorate to bail-out or nationalize anything more. we ve done enough. huge political cost to doing it. we have learned the frankenstein monster we created quasi public/quasi-private didn t work. i agree with steve and stephane. we need a choice. take it over and have accountability for taxpayers dollars or sell it and be done with it. one thing that i think is more outrageous is frank raines walked away with huge bonuses and looted the company. no accountability. we should be clawing back the money. rich, one way or the other and which way? well, we should have a national discussion. if we think that ....
brazil and offshore and africa and elsewhere. it devastates the region and eight experts with the environmental protection agency said it was all right to continue drilling, which the head of the e.p.a. the czar, carol browner ignored and misrepresented in a public report. stephane, half of the rigs are already making plans to move to brazil and places other than the gulf. we are addicted to foreign oil but this moratorium is nothing. we know the numbers. we consume the 21 million barrels a day in the country. only five come from the u.s. only one comes from offshore oil. this moratorium only stops about 33 rigs. it s a drop in the bucket. you want to get us off the foreign oil, there are more important matters at stake than a six-month moratorium. every one of the rigs counts making us dependent on foreign oil. the fact of the matter is look, we make up the one-third of the world s g.d.p. and we use a quarter of the world s oil. so somehow that there is a depen ....