It was after all leaving for more because the university of chicago such as noble laureates Milton Friedman using simple rules of supply and demand who most forcefully pointed out the fragility of prohibition. This approach was ago by none other than one of latin americas most renowned and into his recent drug warriors, former mexican president Lupe Calderon took he acknowledged the failure of his own drug policies. The end of the term in 2012 he told the wall street journal the following, if the price of drugs goes up thanks largely to interdiction efforts and that demand is the same you will increased profits for your putting more incentives for participants in the market. He went on to say that it is clearly a textbook case for Economic System which is the more successful you are, the more criminals you are creating. This is precisely what the world drugs have been doing for over 40 years. Tom wainwright writes prohibition has driven up the price of a few cheap and cultural commodit
I made at. Last night director dennis with a central bank and major victory of the world and peered is also a member of some of the Worlds Largest corporations and philanthropic organizations. He holds a master phd. [applause] thank you very much. I read almost everything that is published on the subject of trafficking in Illicit Trafficking of all kinds and drugs. I have to tell you this is one of the best books i have read in years and i strongly recommend it. First because it breaks one of the patterns those that know dont write books and those that write very often dont know what theyre talking about. As a reporter and a thinker and that is a very rare combination of thinkers to stay at home and meditate and reporters go in reporting that they did he does more than that. He reports, observes, collects data and then he is enabled to put it in a context that has a framework that is larger than just reporting. The other thing that makes this book unique is that the debate about drugs
Movements. And i think one of the mistakes that environmentalists in this country made was really not picking up the call for ecological debt. And when the call was made to leave the oil underground, or for us to pony up and helping to keep in a underground so that the entire burden of it was not put on the ecuadorian people, you know, did we come to our workstations make that a priority . We didnt. It was consum was in some of ths youre not supposed to bring it because americans dont like talking the redistricting of wealth, or some told over and over again. Theres so much in what you said. What you are saying about the connection between oil and this is on the i cam across my research again and again and so many cosmologies there is this connection between oil and fertility. You might not believe that there is that underground cant make it look to the earth, but you something. When we burned the oil and coal we make the earth less for tile. That we know for sure. An less fertile. Tha
Congress. Julie hyman. Taking another drop lower. Another drop lower. Another expectation that they will show an uptick and supplies that will show more bad news for oil. The fifth straight day of losses for the s p 500. The longest losing streak in 13 months time. It seems as though good news in terms of the drop of oil has definitely turned to bad as we have seen the ripple effects from the drop in oil. The s p down for. 5 since a last hit a record on september 29. Crude oil still trading below 50 per barrel and extending losses. Whereas before we were just seeing Energy Shares take the brunt of the selling it has really spread to other industries. Interestingly when you look at what stocks are doing today, financials are some of the worst performers. Energy also doing poorly. Any rituals on the list. There seems to be mounting concerns about some of the investments these Financial Companies have made. Energies also on the list. Also we are seeing in small caps it is exacerbated. The
Of hearing americans think that people are mistreating them or looking at them differently. He said you know, i think that is all in your minds, you americans. And i found that very similar with other travelers i met from all over the world. People are more interested in learning about us. Although it is no amazing fact but you know i would meet people who had tried many times to go through the lottery of get agting a visa. They want to come here and not push us away. Sudanese still had his money. It had been two years. Call this guy and after he left the hotel he was like when is john going to be back in sudan so i went back to the hotel and picked up the money they left in the face. There was a little bit from allen is the name of the book a question of culture close the net connection. This is book tv on cspan2. The minister of trade and minister of trade and industry and executive director of the world bank was on booktv after words to discuss his book the end were. In the book he