We had a treaty between 13 independent nations that we called the articles of confederation. Now the articles of confederation didnt work too. Well and therefore people like madison and washington and george mason decided to come together in the summer of 1787 in philadelphia and debate what form of government our new nation should have this is a big question Alexander Hamilton suggested that it was perhaps the first time in history that such a decision had been entrusted to people rather than to monarchs or other strong men. The Constitutional Convention was completely secret. Indeed the windows were nailed shut to prevent people from hearing the proceedings. But once those 55 men got together and signed the document or at least 39 of them did and sent it out to the states. There was no more room for secrecy and thus began perhaps the greatest debate over government over democracy in the history of humanity. Were going to go back to that time to the summer of 1788. When people got tog
agreement to cut oil production and russia will not attend the meeting. saudi officials uploaded the idea of not reaching an agreement at all. iran says they will produce more, while the iraq minister says he s optimistic. bearish on bonds. the trump dollar rally is stirring up emerging-market bearers. the most irish the most bearish for the year, caused by the collapse in commodity prices in china. donald trump announced just this morning he will nominate congressman tom price for health and human services secretary, this has retired david petraeus is considered for secretary of state amid open infighting among who to pick for the posts. that is what you need to know. will kennedy, managing editor for middle east and africa, coverage of energy, joins us from london. at this hour, what do we know? we know that less than 24 hours from the meeting, there are still significant disagreements among opec leading members. saudi arabia is insisting iran raise the structure and iran
mobile devices for apple in taiwan. quarter. bad julie hyman has been looking at the quarter for blackberry. wherelike a zombie movie you know what is going to happen but it continues you are still scared. we were talking about this this morning, that you know it is going to be bad but yet somehow you are surprised just how bad it is. let s talk about the various metrics we are looking at. when you look at the loss from continuing operations, worse than analysts anticipated. a big drop in revenue of more than 50%. that is worse than what analysts have been anticipating. if you look at the revenue recognized from smartphones the company sells a certain number of smartphones in the quarter, but some of them, even though they are delivered in the quarter, maybe they were ordered before. if you look at the revenue realized from the actual sales that were recognized in the quarter, we are looking at 1.9 million smartphones. 3.7 million smartphones was the prior quarter. make
estimated. we saw consumers increased spending on health care. the backdrop, the federal reserve is beginning to taper its stimulus program, and ben bernanke is getting some of the credit for the recovery. i think ben bernanke has done an outstanding job. he came in at a time of uncertainty and used the monetary policy to great effect. you are seeing another great example of his leadership. i think there is clear transition to the next fed chair. he has made it clear that that policy is going to continue. a very data-driven policy. if the labor market continues to improve and g.d.p. growth is strob, the fed will continue to taper. the important thing evans learned is we are going to get a continuity of policy, a new leader of the fed who will continue to be data driven and thoughtful. of course the fed will always have critics. if the fed would only buy into the proposition that capitalism is a human organization, i would give the fed two cheers. our central pang mate
focus as well. cutting-edge games, cross- platform engine technology, that is the match that they are betting on. with hedgeg to start funds and the case against steve collins sac capital steve cohen s sac capital. claimsthe defendants that calling himself can help his defense. what is the latest? these a lot these findings came out late on friday, facing trial in january, we know that he will not testify in this case and that he intends to assert his constitutional rights, but that he did produce a 40 pages of the main deposition with the sec in which he stated he made trades in shares of wyatt since acquired by pfizer based on advice from a friend and fellow hedge fund manager. they say that this bolsters the defense and he says he wants to prove that he had nothing to do with the decision to liquidate those holdings and short sale stocks in 2008, he faces 20 years of convicted. so, what is in the 40 pages? he told as a see back in may that his trades were based o