Its my pleasure to remind you that you are welcome to buy a copy and how will be available to autograph them after words. Here we are in the stylish new Conference Center to discuss a very old problem, namely how best to survive financial panic of which there have been many throughout the century, how to survive the fear and mistrust when financial actors try to withdrawal from risk to protect themselves, a rational strategy for each but as we all no, not when they do it at the same time. It is highly interesting historically but much more pressing than we can consider as how scotts book does in detail. What should we do in the next panic that will arrive sooner or later. Two centuries ago they accurately observed, on extraordinary occasions, a panic may seize the country one becomes desirous of possessing him self of precious metals. Again such panic concludes that banks have no security on any system that is to say that private banks on their own. In 1873 they drew the conclusion we
Annenberg media one of its major banks the Knickerbocker Trust, closes. One man commits suicide. The Banking System nearly collapses. What is it about banking that could lead to such a calamity . Inhe 192 the Banking System helped spread prosperity. In t 1930s it dragged americaown. How could a holiday put an end to the deepening crisis . Banking deregution cost taxpaye almost a half trillion dollars. Did banks need more regulation or less . Our nation has long tried to protect the banking business, but weve never eliminated all the risks. The Banking System why must it be protected . Economic analyst richard gill and i will investigate that question on economics usa. Im david schoumacher. Captioning made possible by the Annenberg Cpb project americas businessmen and women know how dependent they are on a Friendly Bank for their success and the growth of their communities. Americas Banking System has provided that success and growth for more than a century. Although most banks are heal
It dragged americaown. How could a holiday put an end to the deepening crisis . Banking deregution cost taxpayers almost a half trillion dollars. Did banks need more regulation or less . Our nation has long tried to protect the banking business, but weve never eliminated all the risks. The Banking System why must it be protected . Economic analyst richard gill and i will investigate that question on economics usa. Im david schoumacher. Captioning made possible by the Annenberg Cpb project americas businessmen and women know how dependent they are on a Friendly Bank for their success and the growth of their communities. Americas Banking System has provided that success and growth for more than a century. Although most banks are healthy and longlived historically we have faced bank failures. While we can accept other businesses failing with a shrug a bank closing is another matter, as we learn in our story. New york early in the century, Financial Capital of america. It was money that ke
All High School Juniors and children in the gallery and state legislatures a. Some of those elements we think are not ones that the court should acknowledge is whether or not it advances religion. If you ask a chaplain for the state assembly i and sacrament f california who is going to the assembly are you going to advance your religion today . What this court said is the limit of the legislative prayer is a problem ties to example. We think with respect to the Second Circuit if got it just about right to the question is does it preach conversion or threaten and damnation to non believers or you use the word advanced and proselytized. Its not proselytized or advanced. That is the link which is the proselytized and whether or not it is in fact fair to ask the minister or the priest or the chaplain if he or she advances their religion. We dont whitmarsh says is advanced doesnt mean having a single chaplain of a denomination were looking at the content of the sectarian prayer in light of
The city of london, the global hope of finance, our top universities are among the asked on the planet give inventiveness, innovation incredibility will be key to our success. We are the country that invented everything from the lightbulb to the jet engine, from the tin can to the tank. You name it, we created it. We are still added, whether it is the genome, isolating grapheme, or designing the chips that power not just nine out of the 10 smartphones in this room amount which i hope you all have switched off, but nine out of the 10 smartphones anywhere in the world. We have the scientists and Technical Expertise that is the envy of the world. This is britain, competitive, pioneering, creative, innovative. Our success in the global race hinges on playing to these strengths and taking the country that led the agricultural revolution, the industrial revolution, and the marketbased revolution of the 1980s and equipping it once again to leave economic revolution of today. And as we do so,