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Kennedy descendants were trying to immigrate to the United States today because not too soon. I am honored to represent detainees reagans before the media no other American School of irish groups. There are fifty thousand undocumented irish meaning in the United States because of their status. They are on a boat returned to ireland to visit Family Friends and neighbors. Immigration Reform Initiative in the us senate and u s house of representatives is a renewed opportunity to transform the start line. My great grandfather left here in time of stress. Seeking to better himself and his family. So many irishmen and women from every walk of life played a role in creating the three of them. Im certainly proud to b ....
Dimon. Before we get to all of this, why dont we get to some of the headlines. Lets get to the headlines, ibm reported quarterly revenues below wall street consensus for the fourth straight quarter. Steep drop in demand for servers storage products. Earnings topping analyst expectations. Also on the list texas instruments, they posted better than expected Fourth Quarter earnings and revenues, company also announcing that its cutting about 3 of its Global Workforce or about 1,100 jobs. The Corporate Restructuring program aimed to save 130 million by the end of the year. Keep an eye on shares of advanced microdevices coming under pressure and extended trading after the chipmaker forecast a steeper than expected drop in Current Quarter revenue. Analysts now ....
Investor dan loeb buys a large stake in dow chemical and calls for the company to consider selling its petrochemical business. Dow is there point largest current investment. In a moment we will talk to someone who tracked activist investors like globe and find out what the Hedge Fund Manager at the move means for dow chemical investors and we are going to move on later this week. Liz claman will be asking dow chemicals chairman and the e. L. About loebs investment and what he thinks of his proposal. Liz is live in davos, sweetened with the biggest names in industry including artie sorensen, president and ceo of Marriott International and michael corbett, ceo of citigroup, a huge interviews you will want to watch later this week and investors playing defense today quite literally. Nicole petallides at Stock Exchan ....
Doug. And doug has lived all over the world and as such has lived quite a bit of time in japan itself. So its great to be with you tonight as well, doug. Lets see. In terms of this whole notion of the book, you know, by the way its a very modest title, banker to the world. [laughter] when i heard of this, and im a very close personal friend of bills, like everybody in this room is, and so when he was talking to me about this concept of what he wanted to write about, lessons of debt crises and all of this, i just knew that it was right in our sweet spot in what we needed to be able to do. So we were able to convince him, and so now im not talking to you as his friend, im talking to you as his publisher. [laughter] and we had this decision we were going to do this book, and we did. Now, the ink wasnt even dry on this book when Henry Kissinger came out and said this is a must read for anybody in any section and at any level of the f ....
Two crises, and other ones, turkey, i could run on, were not valid for them. Because they were socalled developed economies. And so what i thought i would do here is just run through some of the lessons that we learned there that i think, unfortunately, shut up and looked at by the europeans. And they are only now starting to realize that they could have cut down the present negative situation because lets face it, europe as a whole, with a few exceptions, is in either a recession or stagnation. First, each country is unique. This is something they didnt want to see. Greece adding the situation by longtime mismanagement on the fiscal side and raid the banks. In the case of ireland, it was the banks the drag the sovereign is sovereign as. In the case of portugal, with some portuguese in the audience here, it was basically a decade of no growth in portugal. In the case of spain, it was a bubble in real estate that was financed by mainly the savings and loan institutions, some of which ha ....