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Feb 12, 2014
02/14
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it's expected to feature an overhaul of carney and guidance.he governor is under pressure to make the new position clear to the market. helia, his position is clear to the market, isn't it? they expect rates to rise in the middle half of next year. what does he actually have to do here? the markets get it, don't they? >> well, i'm not sure the markets ever really got it. possibly the economy got it. they know the bank of england is committed to keeps rates low. and it seems like yesterday, just six months ago, mark carney came in with his flagship policy of forward guidance. but many say he made a mistake when he pegged that to unemployment. like we've seen in the u.s., unemployment has fallen fast and we are like whiskers away from that threshold, that 7% unemployment threshold. so what do you do? he's told us that today he's going to update guidance. does that mean he abandons it? does that mean we're going to have a -- does he said we'll look at wider economic indicators? or will he look at something like a time contingent? it's possible tha
it's expected to feature an overhaul of carney and guidance.he governor is under pressure to make the new position clear to the market. helia, his position is clear to the market, isn't it? they expect rates to rise in the middle half of next year. what does he actually have to do here? the markets get it, don't they? >> well, i'm not sure the markets ever really got it. possibly the economy got it. they know the bank of england is committed to keeps rates low. and it seems like...
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Feb 17, 2014
02/14
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BLOOMBERG
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what's carney trying to do it.ull the park is back from believing an abuse -- interviews of that bag of england is shifting. there's a hold and that is the essence of what he wants to put across. >> businesses have a key role to play in the recovery. you are asking about the businesses. this is the point. the consumer is pining i had. it is businesses and business investment that is perhaps a lagging. through inbank comes a reasonable size and strength, he is very cautious. europe is going to be tough. exports are going to be tough. sterling is resilient part of this story. >> thank you. manus cranny with the very latest on what governor carney said. the reaction to his comments. reactionme get a quick to where you see the u.k. headingfor the -- u.k. and a risk. first, the u.k. forget the old, forward guidance which was interesting rates will stay low reaches 7%.oyment we are at 7%. , think by the word quarter unemployment could be 6.5%. it continues down and interest rates will not be triggered by levels of unempl
what's carney trying to do it.ull the park is back from believing an abuse -- interviews of that bag of england is shifting. there's a hold and that is the essence of what he wants to put across. >> businesses have a key role to play in the recovery. you are asking about the businesses. this is the point. the consumer is pining i had. it is businesses and business investment that is perhaps a lagging. through inbank comes a reasonable size and strength, he is very cautious. europe is...
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the financial stability board which time was headed by mark carney and a committee set up by the bank for international settlements calculated in two thousand and eleven that shadow banking worldwide was sixty seven trillion dollars so i'm talking trillions dollars i think i said billion. so you add that into it's not today given the acceleration of shadow banking in china we're probably looking at about seventy five kryten now if you add up all these bits and pieces you've got us m three you've got global m three and then you go shadow banking the gearing is roughly forty times the monetary base in the united states but if you take it even further and you say what was it relative to monetary base before the lehman crisis you end up with about one hundred thirty to one hundred forty times this is some gearing and it's potentially very unstable ok mention a few things are so well touch i would want to get briefly then move on but the point being that pre world war one you had currencies that were trading off gold and the price of gold was known and the value was accepted the difference
the financial stability board which time was headed by mark carney and a committee set up by the bank for international settlements calculated in two thousand and eleven that shadow banking worldwide was sixty seven trillion dollars so i'm talking trillions dollars i think i said billion. so you add that into it's not today given the acceleration of shadow banking in china we're probably looking at about seventy five kryten now if you add up all these bits and pieces you've got us m three...
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of their homes for david cameron's reelection help to buy housing bubble which is enabled by mark carney who just left canada after building an enormous housing bubble there that has just popped that's now collapsing in the wake of his financial tragedy of course if you look at that price to age of fifty thousand pounds across the u.k. right for the average house price that bridged income here is something like twenty six thousand pounds so you do the math or the mouse if you're british now let's turn to the hunger pain part of these games david cameron defends moral benefit cuts says they bring hope david cameron has denied that benefit cuts are plunging people into poverty saying they actually give people hope the prime minister hit back at criticism from the head of the roman catholic church in england and wales insisting that they were part of his moral mission for the country well david cameron is a troll and what i mean by that is there is some study done. to examine the psychological profile of a troll and they found that they are sadistic and croll yeah and david cameron is sadis
of their homes for david cameron's reelection help to buy housing bubble which is enabled by mark carney who just left canada after building an enormous housing bubble there that has just popped that's now collapsing in the wake of his financial tragedy of course if you look at that price to age of fifty thousand pounds across the u.k. right for the average house price that bridged income here is something like twenty six thousand pounds so you do the math or the mouse if you're british now...
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it's the hunger games it's a game it's a command and control game the guy controlling it is mark carney and george osborne and the likes of those people now we're also going to look at the fact that you can't even work your way out of this hunger situation you can't there's no way to get out of the game without picking up the tools they provide for the game players in this game so here's a tweet from robert peston who is the b.b.c. economics editor u.k. productivity especially output per hour fell further behind most rich country competitors in twenty twelve so these are the new data coming out and again productivity down here that means that means wealth creation is down here that means if you're not playing this game the hunger games then you're getting hungrier and more homeless. they don't want to pay people ok. it what he was talking about there's a the hour's work for an hour's pay is. getting a lot less money what you're for reading less wealth with every hour you're working because there's nothing to do but to sell a burger at mcdonald's and there is this misallocation of of cap
it's the hunger games it's a game it's a command and control game the guy controlling it is mark carney and george osborne and the likes of those people now we're also going to look at the fact that you can't even work your way out of this hunger situation you can't there's no way to get out of the game without picking up the tools they provide for the game players in this game so here's a tweet from robert peston who is the b.b.c. economics editor u.k. productivity especially output per hour...
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Feb 4, 2014
02/14
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at the same time, latent print examiner tom carney took a fresh look at these prints, too. he was new to the el paso county crime laboratory. he came from miami where he learned something not many others knew. the fbi's fingerprint database did not contain the prints of everyone in the united states who was convicted of a crime. >> he knew right away that they had not, all these afises out there had not been searched. to the best of my knowledge only two afis systems had been searched. >> i just assumed that it was a centralized network, and tom carney was the one that really opened our eyes on that. >> generally, the fbi stores only the fingerprints of criminals convicted of major crimes, not those convicted of minor crimes like burglary or theft. so, carney needed to identify every database that had fingerprints which were not on file with the fbi. >> i just contacted every state and tried to track down every system in every state, including canada and even mexico. >> carney identified 92 fingerprint databases in north america that hadn't been searched for the prints from
at the same time, latent print examiner tom carney took a fresh look at these prints, too. he was new to the el paso county crime laboratory. he came from miami where he learned something not many others knew. the fbi's fingerprint database did not contain the prints of everyone in the united states who was convicted of a crime. >> he knew right away that they had not, all these afises out there had not been searched. to the best of my knowledge only two afis systems had been searched....
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Feb 5, 2014
02/14
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now hearing jay carney calling the cbo inaccurate, what do you make of that? >> there's no much choice. they have to dispute it and they have. they can't dispute the numbers. they say the press has gotten it wrong. focusing on the number of people who are going to have an incentive to work less as you've heard, you're talking about 2 million people who choose to drop out of the labor force, essentially work less or work not at all because subsidies make it a better economic decision for them. if they make more money they lose those subsidies. they will choose to remain out of the workforce. >> of course has he to defend it. here is my question. what happened to the american dream that you and i grew up with where getting a job was pretty important? it seems to me this is creating some sort of new welfare system. correct me if i'm wrong. >> behind all the numbers, what you said is exactly what this is about. the white house defense is this is an issue of choice. these are folks giving them the choice. they can either get these subsidies, remain at home, take ca
now hearing jay carney calling the cbo inaccurate, what do you make of that? >> there's no much choice. they have to dispute it and they have. they can't dispute the numbers. they say the press has gotten it wrong. focusing on the number of people who are going to have an incentive to work less as you've heard, you're talking about 2 million people who choose to drop out of the labor force, essentially work less or work not at all because subsidies make it a better economic decision for...
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Feb 28, 2014
02/14
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jay carney was asked, what exactly are the u.s.terests and carney talked about human rights and territorial sovereignty. explain what experts are telling you, what is the interest that the u.s. has in preventing russia from making incursions into the ukraine? >> i think you have a handful. here is one. stability. ukraine is in europe. this is not a million miles away. it's a country of 50 million people. the prospects -- i don't want to say civil war but an internal conflict that close to europe is inherently unstabilizing. that's one issue. two, you have, you know -- the president says he doesn't want to play a cold war chess game here but in fact you may see that playing out. clearly, russia at least has cold war nostalgia for its fear of influence. it wants to claim back at least the western -- the eastern part, rather, of the ukraine. and you see it playing out in this country a push and pull between the east and west. the eastern part of the country leaning towards russia, russia system, the russian economy. the russian part t
jay carney was asked, what exactly are the u.s.terests and carney talked about human rights and territorial sovereignty. explain what experts are telling you, what is the interest that the u.s. has in preventing russia from making incursions into the ukraine? >> i think you have a handful. here is one. stability. ukraine is in europe. this is not a million miles away. it's a country of 50 million people. the prospects -- i don't want to say civil war but an internal conflict that close to...
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round trip in from china we don't know but what part of the growth from last year and you know mark carney and george osborne have been celebrating the fact that the u.k. economy is growing but i want to remind people that it's a lot of round tripping of our own cash that was stolen from us because this first headline is from august of two thousand and thirteen last year p.p.i. compensation spurs a car to me through spending booze banks have inadvertently provided to boost the economy through the vast compensation payments made to customers who are missile payment protection insurance so last year they gave ten billion pounds to the economy which was promptly spent because people felt it was free money hey you guys still one hundred billion for me and now you're giving me ten billion back i feel rich it's kind of like a casino model well right now today this headline from this week bank customers the missile duf package the calends winning thousands of pounds in compensation so account holders were paying up to three hundred pounds in bogus charges of various things they didn't even know t
round trip in from china we don't know but what part of the growth from last year and you know mark carney and george osborne have been celebrating the fact that the u.k. economy is growing but i want to remind people that it's a lot of round tripping of our own cash that was stolen from us because this first headline is from august of two thousand and thirteen last year p.p.i. compensation spurs a car to me through spending booze banks have inadvertently provided to boost the economy through...
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Feb 21, 2014
02/14
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here is a little bit more of the readout from jay carney just minutes ago. >> the president as he hase past on several occasions, dating back to 1991, met today as we said in the readout with his holiness, the dalai lama in his capacity as a internationally recognized spiritual and cultural leader. they agreed on the importance of a u.s. and china relationship. >> carney went on to talk about what we called the deteriorating human rights situation in tibet, something they lay squarely at the feet of the chinese government. and the chinese government called the meeting gross interference in china's affairs. >> why is china so concerned about the president meeting the dalai lama. >> they view him as a [ inaudible ] figure. that's why you see the white house and jay carney going to such pains to point out that the united states government does not believe in tibetan independence but this middle way that they speak of that honors the traditions of tibet but not call for separation from china itself. >> thank you mike. >>> have you ever wondered what your dog was thinking? there is a new s
here is a little bit more of the readout from jay carney just minutes ago. >> the president as he hase past on several occasions, dating back to 1991, met today as we said in the readout with his holiness, the dalai lama in his capacity as a internationally recognized spiritual and cultural leader. they agreed on the importance of a u.s. and china relationship. >> carney went on to talk about what we called the deteriorating human rights situation in tibet, something they lay...
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the level of debt is growing faster so i mean that's the that's the big joke i mean i was born in carneyor you know the mainstream media will tell you that yeah it's growing but the debt is growing faster so it's completely unsustainable and there's a bubble being built on the old crust yet and what is death of bringing forward you know future consumption so that's why we're always around because we get to the future tomorrow and we're already spent yesterday it makes more sense to just. stay home in a chinese porpoise because there's nothing for you out there just rain marmite and fraud. but again you know it's you often mention this casino gulag model and what happens at a casino first of all the house always wins and some sucker wins some money there at the at the slot machine here we don't know how much it's been stolen from libel or or stolen from for x. market rigging or gold market raking or all these p.p.i. sort of schemes and they decide to give us some of the money back that they stole from us and for some reason it makes you feel good just like when you lose a thousand pounds
the level of debt is growing faster so i mean that's the that's the big joke i mean i was born in carneyor you know the mainstream media will tell you that yeah it's growing but the debt is growing faster so it's completely unsustainable and there's a bubble being built on the old crust yet and what is death of bringing forward you know future consumption so that's why we're always around because we get to the future tomorrow and we're already spent yesterday it makes more sense to just. stay...
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but it's quite clear that he does not want interest rates to go up whatever the economy is do mark carney he'll get on mainstream media else the problem is that they need to guard against deflation and this is a real interesting propaganda because there is inflation in the house prices for one third of the country then being subsidised by two thirds of the country and that one third of the country is essentially taking a gift from mark carney who because he claims there is deflation is giving them lots of free money to go speculate now and it's being subsidized by the other two thirds of the country he calls that the flow. asian but for some reason the fact that people are using home equity laws to extract wealth there are using their inflated house prices as collateral to do other other kinds of speculation that there's rampant inflation in house prices and anybody personally experience over the last few years would show them for the essentials that they've actually got to cope with prices have been going up in this context of how to update a book recently that i wrote nothing to do with
but it's quite clear that he does not want interest rates to go up whatever the economy is do mark carney he'll get on mainstream media else the problem is that they need to guard against deflation and this is a real interesting propaganda because there is inflation in the house prices for one third of the country then being subsidised by two thirds of the country and that one third of the country is essentially taking a gift from mark carney who because he claims there is deflation is giving...
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at the us house gey carney again took a queue from his president, he is paid to do so, mr. carney ingesting that problem -- insisting that problems were overblown. >> of millions who applied for coverage only around 22,000 asked for help by files an appeal, we'll get them help, we're talking about a very small percentage of the number of people who have applied for corage. we believe that many of the issues that caused people to file appeals are left over from when the web site was not working well. many of those pblems have since been fixed. lou: officials, not saying when computer program to process the appeals is expected to be finished. there is no deadlin they perhaps have learned lessons about deadlines, near will say they scm -- nor will may say which government contractor is working on that program. lou: don't call her chairwoman, she will only answer to chair, jane on the on janet yell e yellen taking over federal reserve, she succeeds ben bernanke, he is joinings ookings institution, a washington think tank. what revolving door? and treasury secretary jack lu who
at the us house gey carney again took a queue from his president, he is paid to do so, mr. carney ingesting that problem -- insisting that problems were overblown. >> of millions who applied for coverage only around 22,000 asked for help by files an appeal, we'll get them help, we're talking about a very small percentage of the number of people who have applied for corage. we believe that many of the issues that caused people to file appeals are left over from when the web site was not...
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Feb 22, 2014
02/14
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. >> we checked another tape of jay carney and it was on valentine's day.ay carney and i talked on valentine's day together. it wasn't exactly a valentine. here is what jay carney said about the republican attacks. >> there's no question that this president has judicious in his use of executive action, executive orders. i think those numbers thus far have come in below what president george w. bush and president bill clinton did. the matter president was discussing in his campaign in 2008 was not the number. it was the quality. and the type of executive actions that he believes were not appropriate. >> so i have to put you on that. what he saying is, the quality was in his words, will were executive actions george w. bush did involving the war on terror and the president -- president obama when he came in his first weeks and months in office did overturn. we checked the numbers and president bush had far more executive actions than president obama had. he has a few more years. the numbers will come up. we can bet. on that point i will push you. republican p
. >> we checked another tape of jay carney and it was on valentine's day.ay carney and i talked on valentine's day together. it wasn't exactly a valentine. here is what jay carney said about the republican attacks. >> there's no question that this president has judicious in his use of executive action, executive orders. i think those numbers thus far have come in below what president george w. bush and president bill clinton did. the matter president was discussing in his campaign...
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two thirds of the country and that one third of the country is essentially taking a gift from mark carney who because he claims there is deflation is giving them lots of free money to go speculate now and it's being subsidized by the other two thirds of the country he calls that the flow. asian but for some reason the fact that people are using home equity laws to extract wealth there are using their inflated house prices as collateral to do other other kinds of speculation that there is rampant inflation in house prices and anybody personal experience over the last few years would show them that for the essentials that they've actually got to cope with prices have been going up and this critics have to update a book recently that i wrote nothing to do with money at all but it was a little bit about money and it. came out two thousand and five two thousand and six well only official figures alone were having to ramp everything up by a third so from then until now official inflation numbers show that prices. talked about it before but there is an essential index these are the things that y
two thirds of the country and that one third of the country is essentially taking a gift from mark carney who because he claims there is deflation is giving them lots of free money to go speculate now and it's being subsidized by the other two thirds of the country he calls that the flow. asian but for some reason the fact that people are using home equity laws to extract wealth there are using their inflated house prices as collateral to do other other kinds of speculation that there is...
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Feb 18, 2014
02/14
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obsessingorried about over the credibility of marco carney. -- mark carney. >> you also have the housing. you are not sure what you are looking at. but we are neutral on u.k. equities. they have come a long way. the u.k. economy is looking good. pmi is in the right direction. lending whenip out it comes to housing. if you look across the rest of the u.k., prices are still below where they were. activity has plenty of room to go. we are nowhere near bubble territory yet. we are starting to get to the level where it makes you wonder if we are a long way off? the u.s. got into trouble with housing we long abe much of money who cannot afford -- when we loaned money to a bunch of people cannot afford it. and a london certainly. >> you said you are not too concerned. >> i heard a bubble that is defined that is overbought or overvalued.r it is certainly overvalued. it does not necessitate a bubble. that floor for demand for london or berlin state is hard to envision that going away. demand for london real estate is hard to envision that's going away. the bottom line is -- [no audio] george had
obsessingorried about over the credibility of marco carney. -- mark carney. >> you also have the housing. you are not sure what you are looking at. but we are neutral on u.k. equities. they have come a long way. the u.k. economy is looking good. pmi is in the right direction. lending whenip out it comes to housing. if you look across the rest of the u.k., prices are still below where they were. activity has plenty of room to go. we are nowhere near bubble territory yet. we are starting to...
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Feb 25, 2014
02/14
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. >> while at the white house, spokesman jay carney would not give any numeric goals. the the important factors here are there's a substantial number of people in the millions who enroll. >> sebelius is now insisting that 7 million enrollees would never even her goal. >> first of all, 7 million was not the administration. that was a cbo, i'm not quite sure where they got their numbers. >> except the secretary seemed quite sure when she told nbc news this last september. >> what does success look like? >> i think success looks like at least 7 million people having signed up by the end of march 2014. >> the republican pac america rising is using other broken promises to put the heat on endangered senate democrats like kay hagan in north carolina. over when she realized people could not keep the plans they like. >> a day, a month, a week that you can narrow it to when you learned? >> i am fostering a bill where if you -- like that plan, you can keep it on a permanent basis. >> republicans are also jumping on a report by officials at cms finding nearly two thirds of small
. >> while at the white house, spokesman jay carney would not give any numeric goals. the the important factors here are there's a substantial number of people in the millions who enroll. >> sebelius is now insisting that 7 million enrollees would never even her goal. >> first of all, 7 million was not the administration. that was a cbo, i'm not quite sure where they got their numbers. >> except the secretary seemed quite sure when she told nbc news this last september....
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Feb 19, 2014
02/14
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mark carney has been dovish. why? yellow is rpi..ed down we know there is no inflation every way. did you see sweden has negative inflation? look at this white graph. it's very unusual. >> that is inc. lending. the bank lending part. we have had this huge kiwi buying of bonds. the idea was surely it would .mprove bank of england it's quite hard to have inflation and have a very stern economy. >> you speak as if we want more inflation, alan. it's a bit goldilocks. >> it is a bit goldilocks at the moment. rates are not going anywhere. >> the next chart, expectations. >> responding to the strong , you can see the higher rate premium. forward guidance has not really worked in terms of the market. we would still go against those markets. we still think they are building too much and because of the underlying bank lending. we are a cheerleader for mr. carney, absolutely. instead of forward guidance, we are with him. >> hard squeeze them all in. coutts & co.from >> he will be back from our newspapers. what will this reveal about mark carne
mark carney has been dovish. why? yellow is rpi..ed down we know there is no inflation every way. did you see sweden has negative inflation? look at this white graph. it's very unusual. >> that is inc. lending. the bank lending part. we have had this huge kiwi buying of bonds. the idea was surely it would .mprove bank of england it's quite hard to have inflation and have a very stern economy. >> you speak as if we want more inflation, alan. it's a bit goldilocks. >> it is a...
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of flood of negative negative equity because that's the that's the legacy of mark carney he's a serial bubble blower and when he blows up this economy will go to some other first and country and ruin their economy these are he's a disaster one of the worst areas in terms of wages not keeping pace with the inflation of house prices is hackney hackney wages would need to be four times higher to keep pace with house price rises just over the past fifteen years so they are doing in hackney the equivalent of thirty one thousand three hundred four pounds but if they wanted to keep pace with house price inflation there the thirty one thousand pounds would need to be one hundred thirty one thousand pounds nine hundred twenty four per year again it's going to dismiss because here in the u.k. you had a strike from transportation workers and the grail system was shut down for a couple days and people are saying oh my god how could your victimizing us you're penalizing us we can't get to work or why should we pay you anything well without paying anybody anything you know i'm going to have the inco
of flood of negative negative equity because that's the that's the legacy of mark carney he's a serial bubble blower and when he blows up this economy will go to some other first and country and ruin their economy these are he's a disaster one of the worst areas in terms of wages not keeping pace with the inflation of house prices is hackney hackney wages would need to be four times higher to keep pace with house price rises just over the past fifteen years so they are doing in hackney the...
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the ghost of christmas present this is a disaster in the making today and of course you know mark carney over there bank of england says you know the economy's not recovering we need to keep interest rates low so there is a direct. contradiction to what cameron is saying is being repudiated by his own bank of england germany so those two guys are not on the same page there you come to me as being whack to death because interest rates are being kept artificially low that's the primary cause of the economic malaise is also the primary cause of this flooding. malinvestment over the last twenty years i've taken money out of stuff that could be useful like preventing floods and put it in the bank speculators you soon i'm saying it's a misallocation of money and i've engineer breaking garrisons clear and simple as the nose on your face is the stronger ball going into the hole giving rather you world championship the guys on fire who's going to get the crucible who's going to win again you heard it here i'm calling it six dogs world champion only boy and that other guy. and there was no other g
the ghost of christmas present this is a disaster in the making today and of course you know mark carney over there bank of england says you know the economy's not recovering we need to keep interest rates low so there is a direct. contradiction to what cameron is saying is being repudiated by his own bank of england germany so those two guys are not on the same page there you come to me as being whack to death because interest rates are being kept artificially low that's the primary cause of...
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to understand you know i'm thinking about mainstream media here and we don't have soul like mark carney on but they were all never ask him this question why does he pursue policies that are causing wealth and income inequality what why the wiser he's talking about you know the bank of england should be the bank of inequality should be its official and he thinks that this whole idea of low rates to stimulate it doesn't stimulate the economy that's nothing other it doesn't stimulate employment no it takes it a little profit thing else in this country the economy is driven two thirds of it driven by consumer spending well so from the majority you've taken money away and you wonder why they're not spending anything there was a seawall so feeling at the bank of england that somehow if you cut interest rates people would spend because they'd be no point in saving but of course their mind theoretical column is that in russia who had to live in the real world they don't understand that if you all living on a fixed income and your income is going down you're going to husband your resources not s
to understand you know i'm thinking about mainstream media here and we don't have soul like mark carney on but they were all never ask him this question why does he pursue policies that are causing wealth and income inequality what why the wiser he's talking about you know the bank of england should be the bank of inequality should be its official and he thinks that this whole idea of low rates to stimulate it doesn't stimulate the economy that's nothing other it doesn't stimulate employment no...
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Feb 7, 2014
02/14
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jay carney left little doubt about who it believed eavesdropped and recorded the knewland call. >> the video was noted and tweeted by the russian government. it says something about russia's role. >> in a tit for tat tweet, ambassador pye ot voted a picture of him in newland. it was a reference to the russian official who tweeted about it. >> there's a couple of things to point out. president obama made his speech on reforms, and he said that other countries are doing the same thing that the united states is doing, spying on the american government seems to provide evidence now. also president obama due for his first ever trip to brussels in march, to where else, the european union summit. back to you. >> the recording was posted on youtube. the u.s. ambassador discussing various figures, and whether they should have a role in you cin's government. >> i want to share a picture. sochi russia where the 2014 olympics is under way. it's about 11:12. the official ceremony will kick off on friday. organizers say they have a spectacular show planned and are keeping the details secret. we know
jay carney left little doubt about who it believed eavesdropped and recorded the knewland call. >> the video was noted and tweeted by the russian government. it says something about russia's role. >> in a tit for tat tweet, ambassador pye ot voted a picture of him in newland. it was a reference to the russian official who tweeted about it. >> there's a couple of things to point out. president obama made his speech on reforms, and he said that other countries are doing the same...
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Feb 12, 2014
02/14
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BLOOMBERG
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mark carney will present an updated version of his forward guidance policy.e will bring you the whole press conference live at 10:30 london time. >> the report follows janet yellen's testimony to keep rates near a record low. for more, joining us is the unicredit chief of -- janet yellen did a great job. and going to continue this reign by consensus. anything that lets you on easy or are you feeling more comfortable that this is a person that has the situation firmly in hand? >> it was a continuation of what they had. nobody thought that janet yellen was going to come out and change anything around really. she has a little bit more -- then ben that bernanke had because of the change. sam fisher coming in, a powerful man. a very got to drive careful road, but she is super competent. about isle ask me whether she is going to be as elegant and communication as we have had in the past. i think that is the big question. she has not said anything until now for about a year. we do not really know what she says or how she says it. >> you have always been fairly down
mark carney will present an updated version of his forward guidance policy.e will bring you the whole press conference live at 10:30 london time. >> the report follows janet yellen's testimony to keep rates near a record low. for more, joining us is the unicredit chief of -- janet yellen did a great job. and going to continue this reign by consensus. anything that lets you on easy or are you feeling more comfortable that this is a person that has the situation firmly in hand? >> it...
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Feb 28, 2014
02/14
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jake carney referred t to repor. there is no question they're taking it seriously. tony, as far as the exercises within russia, sur guy labarok telling john senate, i can tell you that behind the scenes that's met with a lot of skepticism. there is no question that shrine is tending a neglectnal. no what you has it been, the united states government has been trying through h to provid, and in particular the crimea, the access of mission administr, and which heard this is not a cold war redo notwithstanding, tony. >> interesting what we see in part, you were talking about the profit a moment ago, and it's theater people particularly to the east of kiev, look, we understand that the loyalties are divided here. >> yes. >> but we also know that the crimea peninsula are not in love with the others here. they decided on a couple of occasions at the ballot box to stay within ukraine. to stay ukrainian, but they don't necessarily from what i'm understanding from nick and from jennifer, they don't necessarily like the way things have happened in kiev. >> reporter: i think mu
jake carney referred t to repor. there is no question they're taking it seriously. tony, as far as the exercises within russia, sur guy labarok telling john senate, i can tell you that behind the scenes that's met with a lot of skepticism. there is no question that shrine is tending a neglectnal. no what you has it been, the united states government has been trying through h to provid, and in particular the crimea, the access of mission administr, and which heard this is not a cold war redo...
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Feb 19, 2014
02/14
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is it so much an embarrassment for carney?nfortunately he's the spokesperson for the bank of england and for the mpc. but my suspicion has always been that this whole thing around unemployment and just having a single measure was to get the mpc behind him when he first came in and pushed these policies through. so i'm a great fan of carney and i think it's probably better to do it this way than just raising rates for the sake of raising rates and remaining at utmost credibility. his credibility will be underpinned by progress in the economy, not whether he's never made a single mistake in his pr. >> but now the forward guidance becomes very, very complicated, doesn't it? do you have an as asset manager understand it? the goal is for consumers and business leaders to understand it. do you understand the 20 plus indicators? >> what i understand, he's telling me, is that he will not raise rates for the uk consumer that is what we'll watch for. that is, from my perspective, not as complicated as what they make it. >> thank you so
is it so much an embarrassment for carney?nfortunately he's the spokesperson for the bank of england and for the mpc. but my suspicion has always been that this whole thing around unemployment and just having a single measure was to get the mpc behind him when he first came in and pushed these policies through. so i'm a great fan of carney and i think it's probably better to do it this way than just raising rates for the sake of raising rates and remaining at utmost credibility. his credibility...
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Feb 4, 2014
02/14
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FOXNEWSW
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guess where he is, he's speaking about cbo report at jay carney's press briefing. the report we stalked about with stu varney showing obamacare will cut jobs by 3.2 million. this is usual to have somebody from the cb o.co to the daily press conference that jay carney handles, very unusual to have this now. an explainer going on to reporters no doubt to try to get out in front of the bad news of what obamacare apparently does for jobs right here in america. >>> meantime new details on another company hit by hackers. neiman marcus says the data breach may have exposed payment information from transactions at 77 of its 85 stores between july and october of last year. this affecting as many as 1.1 million customers. the company's chief information officer says there's no indication the company's website was affected. authorities busting a big sex trafficking ring in the northeast. the fbi rescuing 16 minors and 50 women between pennsylvania and connecticut on super bowl weekend. authorities say adults and children were brought to the region to be sold as prostitutes. 4
guess where he is, he's speaking about cbo report at jay carney's press briefing. the report we stalked about with stu varney showing obamacare will cut jobs by 3.2 million. this is usual to have somebody from the cb o.co to the daily press conference that jay carney handles, very unusual to have this now. an explainer going on to reporters no doubt to try to get out in front of the bad news of what obamacare apparently does for jobs right here in america. >>> meantime new details on...
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Feb 12, 2014
02/14
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mark carney is delivering a press conference.earll be interesting to what he has to say about forward guidance. how do you you've all that into something more sophisticated, given the events that have taken place. what kind ofout reception you will get. then, we will talk about this application. it is making a splash. it does something really amazing. i will show you that in a little bit. that is assuming i can make it work on time. >> i love it. do not miss this app. guy johnson is all over this. guy johnson has the polls. we have an exclusive for you now. joining us now with the details of his ministry. who are they talking to? the cbcderstand that and the carlyle group are going to use it. for the moment, there is a bloomberg exclusive in our print edition. if it comes to this, they will be the biggest since 2007. it is the size of the deal that could be the challenge. road that thee morrison family goes down. to get a private equity group to do this deal on their own could be a challenge. putting two together, we the cdc andh
mark carney is delivering a press conference.earll be interesting to what he has to say about forward guidance. how do you you've all that into something more sophisticated, given the events that have taken place. what kind ofout reception you will get. then, we will talk about this application. it is making a splash. it does something really amazing. i will show you that in a little bit. that is assuming i can make it work on time. >> i love it. do not miss this app. guy johnson is all...
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> is in fact i could solve these problems without passing laws in congress, i would be so. >> jay carneye and the press secretary and the white house literally says that he thought that it was the role of contract >> why could he have done that when he could've gone straight to $75? [laughter] john: $10.10. not more. this precision -- i mean, there is a difference. he could pay the people under this. >> they are paying a fair wage of at least $10.10 per hour. >> he is not violating this because he allows to set the new contract. john: they should have screamed about "the washington post" headline which allows them to participate. the congress has been beaten down over time. do. >> these executive decisions will go away when he leaves office. >> a lot of this happens costantly. >> you still have to worry about your bottom line. john: the rich got much richer than the stock market went up. and he said upward mobility has stalled. there is no evidence for that. he continues to have mobility. 10% of the people are in the top income bracket 30 years later. >> we need social mobility to take a
> is in fact i could solve these problems without passing laws in congress, i would be so. >> jay carneye and the press secretary and the white house literally says that he thought that it was the role of contract >> why could he have done that when he could've gone straight to $75? [laughter] john: $10.10. not more. this precision -- i mean, there is a difference. he could pay the people under this. >> they are paying a fair wage of at least $10.10 per hour. >> he is...
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contradiction to what carney has just tried to spin as false reporting. please. >> the calculation that we've done, to translate that, suggest that the equivalent between 2 and 2.5 million reduction in full-time equivalent employment. by providing heavily subsidized health insurance and withdrawing those subsidies as income rises, it creates a disincentive for people to work relative to what would have been the case in the absence of that act. >> couldn't be clearer, could it? he went on to confirm that the net result of those lost full-time workers would be an overall reduction in economic growth. congressman randy forbes of virginia and andrea are among our guests here tonight. a different tone set by the new irs commissioner as he faced tough questions from the house ways and means committee, he told lawmakers he will cooperate with the six separate investigations into the irs targeting of conservative groups. but he also said he is eager to move forward. >> it doesn't serve my ability to manage the agency to go back in time and try to look at any part
contradiction to what carney has just tried to spin as false reporting. please. >> the calculation that we've done, to translate that, suggest that the equivalent between 2 and 2.5 million reduction in full-time equivalent employment. by providing heavily subsidized health insurance and withdrawing those subsidies as income rises, it creates a disincentive for people to work relative to what would have been the case in the absence of that act. >> couldn't be clearer, could it? he...
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Feb 14, 2014
02/14
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i pressed jay carney on this today. . he said it's not about the number, it's the substance of them and they believe that these aek executive actions are helping people. listen. >> why the change of heart on the idea of pulling back on executive action? now he seems to be full steam ahead. >> there's no question a that this president has been judicious in his use of executive action, executive orders, and i think those numbers thus far have come in below what president bush and bill clinton did. the matter the president was discussing in his campaign in 2008 wasn't the number, it was the quality. >> jay carney said there were issues like torture that was pushed forward on an executive basis in the previous administration. this president e repealed some of that. so the bottom line is it might be a case of one man's good executive order is another man's bad executive order. one is going to have an interpretation of how important executive power is. once in office, maybe a slightly different view. >> how does it work inside
i pressed jay carney on this today. . he said it's not about the number, it's the substance of them and they believe that these aek executive actions are helping people. listen. >> why the change of heart on the idea of pulling back on executive action? now he seems to be full steam ahead. >> there's no question a that this president has been judicious in his use of executive action, executive orders, and i think those numbers thus far have come in below what president bush and bill...
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Feb 18, 2014
02/14
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jay carney vowed that will not happen. >> the democratic party is not going to lose control of the senateour view, and that's precisely because of the policies that he and democrats support that are focused on expanding opportunity. >> when it comes to the crown jewel of those policies, health care, the debate rages among democrats over whether it will help or hurt. >> i think it's definitely an albatross around their neck because a lot of them made the same promises that the president made. >> it's a difficult case to make despite the well documented polling data on obamacare. for republicans to say they want to take away the benefits that the affordable care act provides. >> jay carney went on to say it will be harder and harder for republicans to call for a repeal as the benefits kick in. hook consumers on the benefits of health care. >> ed henry live on the north lawn. thank you. >>> let's dig deeper now into some of the reasons the president may be losing the public in this election year. here's chief political correspondent carl cameron. >> president obama's use of executive orders
jay carney vowed that will not happen. >> the democratic party is not going to lose control of the senateour view, and that's precisely because of the policies that he and democrats support that are focused on expanding opportunity. >> when it comes to the crown jewel of those policies, health care, the debate rages among democrats over whether it will help or hurt. >> i think it's definitely an albatross around their neck because a lot of them made the same promises that the...
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Feb 19, 2014
02/14
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and, look, jay carney, you have got to -- god bless him.oing out there and with a straight face saying that, this is the fifth anniversary of the stimulus. one of president's big initial accomplishments, you think that if this were a big plus, that we would not have the president of the united states traveling the country today heralding the many benefits of the stimulus measure? no. he is nowhere to be seen on this. he was out on the golf course on fifth anniversary playing golf. why? because it has been seen by the american people as huge boondoggle overpromised and under delivered and they hate it they know we don't have the a% unemployment that was promised us today. instead we have the most anemic economic recovery in the recorded economic history of the united states and jay carney goes out and says we are going to be reelected this fall because of all the great things we have done for america, the affordable care act, the stimulus bill, rising deficits, growing national debt, a economy and a weakening international posture. boy, that
and, look, jay carney, you have got to -- god bless him.oing out there and with a straight face saying that, this is the fifth anniversary of the stimulus. one of president's big initial accomplishments, you think that if this were a big plus, that we would not have the president of the united states traveling the country today heralding the many benefits of the stimulus measure? no. he is nowhere to be seen on this. he was out on the golf course on fifth anniversary playing golf. why? because...
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Feb 25, 2014
02/14
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where it got spicy, jay carney was pressed by a number of reporters why it took more than a year forse two leaders to sit down. take a listen. >> the president has conversations with leaders of congress, not all of which are read out to the press, one. two, today's meeting was good and constructive. it covered a range of issues in the president's view a useful conversati conversation. three, i think you recall the speaker of the house as reported said he would not ever negotiate with the president of the united states again. >> jay carney suggesting there maybe they have had other meetings that have not been publicized in the last year or so. the point is while both sides put out a long list of issues they might agree on in the election year, the truth is it's very unlikely they will get much done at all. gretchen. >> live at the briefing, thank you very much. >> thank you. >>> new controversy over the keystone pipeline and when the president should make a decision. it's an issue creating a divide among the nation's governors. >> the president is going to approve the pipeline. just w
where it got spicy, jay carney was pressed by a number of reporters why it took more than a year forse two leaders to sit down. take a listen. >> the president has conversations with leaders of congress, not all of which are read out to the press, one. two, today's meeting was good and constructive. it covered a range of issues in the president's view a useful conversati conversation. three, i think you recall the speaker of the house as reported said he would not ever negotiate with the...
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Feb 5, 2014
02/14
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jay carney says, quote, americans would no longer be trapped in a job just to provide coverage for their families and would have the opportunity to pursue their dreams. this cbo report bears that out and the republican plan to repeal the aca would strip hard-working americans of that opportunity. >>> one area of the law targeted for repeal would back stop potential losses by insurance companies, however, the cbo found this so-called bailout could be a net gain to taxpayers to the tune of $8 billion. >>> with the debt deal deadline fast approaching, house republicans are piecing to the their strategy. yesterday speaker john boehner played coy when asked if there was a consensus within the gop conference. >> a lot of questions about the debt limit. no decisions have been made. listen, the goal here is to increase the debt ceiling. nobody wants to default on our debt, but while we're doing this we ought to do something about either jobs and the economy, about the drivers of our debt, and so we're talking to our members and we have a decision, we'll let you know. >> however, speaker boehner
jay carney says, quote, americans would no longer be trapped in a job just to provide coverage for their families and would have the opportunity to pursue their dreams. this cbo report bears that out and the republican plan to repeal the aca would strip hard-working americans of that opportunity. >>> one area of the law targeted for repeal would back stop potential losses by insurance companies, however, the cbo found this so-called bailout could be a net gain to taxpayers to the tune...
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Feb 3, 2014
02/14
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carney says the centers for medicare and medicaid services is working on the problem. >> they're finingcause of the problems with healthcare.gov. but in every instance, they're reaching out and making sure that every individual or family that is part of this process, appeals process, is being taken care of. >> carney will not predict, however, when the appeals will be resolved. >> what are the web site users saying? >> not just about being charged more than they should pay in premiums every month based on income. it's a double whammy for people with medical procedures already, people who had preexisting conditions and were waiting to sign up for obamacare, or people who had emergency medical procedures last month. they now have to pay a much higher deductible than they would if their costs were accurately calculated. "washington post" cites a west virginia woman who knew the price was too high, she complained, she was told to sign up now and she did. the next day a healthcare counselor found out her deductible ought to be 617 didn't, but she is stuck until the appeal is resolved. >> wen
carney says the centers for medicare and medicaid services is working on the problem. >> they're finingcause of the problems with healthcare.gov. but in every instance, they're reaching out and making sure that every individual or family that is part of this process, appeals process, is being taken care of. >> carney will not predict, however, when the appeals will be resolved. >> what are the web site users saying? >> not just about being charged more than they should...