let's stick economists?o there was one book paul samuelson you could ace it it was m1m to a gdp, gnp you load it, you memorize, you did it. but i've never seen economists down the street and answer a question like, why is my food more expensive? why can't i get a mortgage? so you need to imagine economics somehow somebody said the othern the pharaohs built pyramids, i'm sure the gdp went up. but those poor mason the all didn't get anything. okay so how does that help the thing with cfos recently i talked to finally, they say our job is to bridge the marketing's like economists finance stick to themselves a language they know just those three things right open market transaction and i say reserves requirements and interest rates but all of a sudden we say you have to fight inflation. they go all we got is three levers here. you start say we can't do anything else. so it looks like there's a big click economist, finance, etc. who have a language of their own, but nobody walking down the street trying to explai

so, mr belousov, whom i met, who is a very statist economist, is not a free—market economist who advocatedcy taxes on extractive industries and whatnot. industries and whatnot, so he will be somewhat of putin's albert speer, the german architect who supervised very efficiently the end game of the third reich in the military industrial sphere. and i think belousov, who actually was a part of a quite successful economic team together with is going to be in charge of military production and financial issues, including evasion of the western sanctions. and what will be the implications then for the ongoing war in ukraine? more money, more economic swaps. we are hearing about russian gold being sold to earn revenue for russia in the middle east and elsewhere. more dealings as we saw when russia sells, for example, oil to india, and then that oil is smuggled back or sold back to europe. and keeping the russian economy on the straight and narrow as much as they can. and i hearfrom my moscow sources that belousov is a defence minister, notjust for the war in ukraine, but if the war in ukraine succ

the world forecast markets investors, economists, had initially at the start of the ebb and expecting the bank to start cutting rates by now but the economic picture is changing slightly and what we have seen in america is a similar thing. they are holding off cutting rates at the moment because of the economy and inflation is not coming down as quickly as they thought. yes, rates are on hold right now in the uk but when we get the detail will get an indication of whether a rate cut is coming injune or may be august but most definitely by the end of the year. ben. or may be august but most definitely by the end of the year.— by the end of the year. ben, stay with us and _ by the end of the year. ben, stay with us and we _ by the end of the year. ben, stay with us and we will— by the end of the year. ben, stay with us and we will come - by the end of the year. ben, stay with us and we will come back i by the end of the year. ben, stay with us and we will come back to | by the end of the year. ben, stay - with us and we will come back to bed right now let's go to doctor karen bonner who

he's father was a very prominent soviets economist in the sixties and seventies. he was born in law school to belong to what we would call very, very, sort of generally solve the authority structures. and that's not fair to kind of put a stick off put in. he doesn't flex s b p has no, is above the lowest of as no visible cage of the connection seems never said that another tree. oh, although frank speaking shrug, there's nothing to amount to we just looks nice and he's uniform. but also i think what is important is that below so and that's i think where the piece that preceded our conversation was very much spot on below. so is know someone who likes state intervention in the economy and it seems that the puts a really want, she wants a to check the corruption at the types of the generals love to eliminate it's completed because ruptures the way of running russia, but particular epithets and secondly, to maintain that the connection between the military industrial complex and the army that continues its aggression against the crime. you mentioned a public opinion

who is an economist with little to no military experience? why did he get that? what's even more interesting is that has no visible traces of ever having been connected to the kids. you be slash f as be please the soviet they're stuck received was born in law school. his father was a very important to call ms working for the council of ministers of the soviet union. below stuff is known to be very loyal to both of them. as the rest of the social media speculates, he's quite close to one the, for his daughters. in terms of doing drawing projects and songs for now he's also known is someone more of a kind of old school. i think it was both highlighted to know piece someone who believes in the state interference, major role for the states in the economy, even at mall during the call. so i think that this means that a boost. it was not connected in any way to what some people have actually called, the general is mafia. and the oldest people went to the same ministry schools. and you know that the, the theo from a bunch of together. so he's supposed to clean up the ex

. old defence minister, he needs an economist-— economist.nce _ economist. and let us look at the new defence minister, _ economist. and let us look at the new defence minister, andrei - new defence minister, andrei belousov, in a bit more detail. someone who is close to vladimir putin as well.— someone who is close to vladimir putin as well. nobody gets any “obs at the moment i putin as well. nobody gets any “obs at the moment close i putin as well. nobody gets any “obs at the moment close to i putin as well. nobody gets any jobs| at the moment close to putin unless they are close to him, so he's only in this stage of his leadership where he is or whenever konsa point with people he trust absolutely, people who have been around for some time. i'm afraid i don't know whether or not the new defence minister has been on fishing trips are sunbathed with letter putin but certainly putin does not appoint anybody these days to any position of seniority unless there is absolute trust there. james we talk about the amount _ absolute trust there. jame

economists had redicted behind this? economists had predicted a _ behind this?sts had predicted a rise in april - behind this? economists had predicted a rise in april and l predicted a rise in april and clearly these figures have defied expectations with a four albeit quite a small one. nationwide has based these figures on its own lending data and the picture will vary depending on where you are across the country. i think what it shows is this wider uncertainty for those thinking of buying a home as to what is going to be happening, if that demand is restricted in house prices will fall. and all this is down to mortgage rates, looking at those mortgage rates and lenders have been pushing them back up again in the past couple of weeks. probably unsure about what the bank of england is going to do. if we look at a fixed deal for two years that now is close to 6% interest rate so moving back up. nationwide says that first—time buyers in particular are exposed to these borrowing costs and also they face higher house prices as you say, still close to those record

economists 400 please.t, leon walras formulated the most general conditions of economic equilibrium. in 1826, this tsar personally gave instructions to paint the domes of the trinity of the izmailovsky cathedral in st. petersburg blue. the blue domes of the cathedral have been preserved after the recent restoration. nicholas i. absolutely right. his major work is entitled critique of political economy. karl marx, quite rightly, is the full title of karl marx's main work, capital, critique of political economy. igor, 200 economists, please. this classic of economic thought was read by evgeny anegin. adam smith, missed gamera, theocritus, but read adam smith. there are 500 economists left. and this is an auction. vitaly. -500 for you, 1.300 for valery, 2400 for igor. what do you say, valery, will you repurchase? well, let's labank let's try. igor, labank, let's play. vasily leontyev was fond of sailing, and in his lectures he compared economics to a yacht at sea. you also need the wind, that is, personal inte

what are economist doinu on both directions. what are economist doing on the — both directions.s. what are economist doing on the other hand? what - both directions. what are economist doing on the other hand? what is i both directions. what are economistj doing on the other hand? what is on the other hand?— the other hand? welcome you got those seven _ the other hand? welcome you got those seven people _ the other hand? welcome you got those seven people saying, - the other hand? welcome you got those seven people saying, hang l the other hand? welcome you got l those seven people saying, hang on the other hand? welcome you got - those seven people saying, hang on a minute _ those seven people saying, hang on a minute. there are still those risks out there — minute. there are still those risks out there on— minute. there are still those risks out there on the horizon. inflation fuelled _ out there on the horizon. inflation fuelled by— out there on the horizon. inflation fuelled by spending a large lead. that is— fuelled by spending a large lead. that is at— fuelled by spending

independent. >> i am an economist. i have listened carefully. i understand your point that workers in the auto industry are going to be adversely affected if we let complete marketing of chinese vehicles in the u.s., however, in the long run, wouldn't this be a bit like trying to hold onto markets that involve non-gas driven automobiles when henry ford brought in the internal combustion engine and all that? aren't we better off in the long run, notwithstanding the auto industry would be adversely affected? >> rick is totally right on. there are a couple of things going on here. you have trade and technology. the technology.definitely well taken. you know, i am sure back in the day farriers didn't like the auto industry coming in, but i am sure glad that happened anyway. and guess what, they still have jobs today. but then there is the trade side, which is a little bit different than the tech side. trade is basically coming you know, if somebody can do something cheaper, you know, why not let them do it and you focus on what you are better at. th

the chief economist is joining us. not necessarily equities but what do you think would move the needle right now? is it more economic data or does the world worry about corporate a.i. spend, the earnings season a little bit more. do we worry about which one do you think is more significant today? >> well, for me as an economist, the answer is obvious. i look at the fundamentals and i know as an economist, the day-to-day' often the week-to-week moves have very little to do with as they have to do a lot with earnings revision and have to do a lot with sentiment. what we notice is that the major market mover, even on almost day-to-day basis, seems to be expectations for u.s. interest rates and that is with economists coming to play and over there our core remains the next move by the fed will ease but chances it has to wait until after the election because the economy in the u.s. is resilient enough to not need the interest rate hike. >> you don't think of data that the highs will stay longer and september isn't the time

his replacement will be andrei belousov — an economist and the deputy prime minister.nusual. whoever the russian government ministers are, whoever�*s sitting around that cabinet table, there is one man and one man alone in russia who calls the shots, and that is vladimir putin. he's the man with all the power. having said that, a government reshuffle in russia is interesting, particularly when key ministers like the defence minister is being changed. they don't happen too often. the foreign minister, he's been in his post for 20 years. mr shoigu, he has been defence minister for 12 years. he was appointed by vladimir putin in 2012, i think. the two men were said to be pretty close for a long time. they even went on holiday a few times to siberia together. last week, we were on red square watching the victory day parade and defence minister shoigu was there inspecting the russian troops. but there had been rumours for some time that he could be moved, he could lose hisjob, and it seems that's what's happening. he still has a job to go to. he's being moved to the russian

"we can move down" — the ecb's chief economist says the bank is ready to start cutting rates.nd up on stage, keep calm — we'll look at the technology helping musicians cope with stage fright. welcome to business today, i'm mark lobel. let's start in germany where the french president emmanuel macron is on the second day of a state visit. he's there to meet chancellor olaf scholz for talks aimed at stregthening the eu's economy and help it catch up with the us and china. also on the agenda, the two european heavyweights will be talking about plans for an eu capital markets union, in order to get investments and savings flowing across member states. however negotiations over these plans have stalled for nearly a decade because eu members do not want to relinquish control of national financial rules. so how close is the so—called single market for capital to becoming a reality? here's vim mice, ceo of the european banking federation in brussels with his thoughts. this, like many things in europe, it doesn't come with a big bang. it is usually part by part by part going forward. b

dismisses his longstanding allies thursday showing go as defense minister and replace the same with an economist, the limited military experience. the really good to have you with us. sorry, so nice in gaza were hundreds of thousands of the vacuum. ease of flood rough i as repeated international calls, or is israel to exercise caution before launching a full ground defensive on the city. israel has been finding her mazda across gauze, us since the milton group carry down the october 7th terror attacks on israel. but now, is really soldiers are returning to the north of the strip where home us forces have regrouped in areas. israel said previously it had already cleared the rush to get water. and simple guns is d a. m bala is the spirit supplies here. we're already low, but the arrival of thousands event q ways from rough or means there was even lease to go around. the india above people are now on top of each other. people are walking on each other. it's very crowded and necessary people. there's no empty space and those are staying in houses. now some 10 displays families staying with them. tha

dismisses longstanding allies, soule, gay show who is defense minister and replacing him with an economist with limited military experience. also coming off of college roles, the fall rights alternative for germany. ponti is potentially a threat to democracy. it says the f d can be classified as a suspected. extreme is group along it to be placed on the surveillance nationwide . the gulf is good to have you with us. process president vladimir putin has replace defense minister segregation who, it's the 1st shakeup office national security team since the invasion of ukraine. so it goes replacement is andre belo, self an economist and formed a deputy prime minister showing who, who over so rushes, invasion of you crime will now run the national security council. do so. okay. show use future seemed up in the yeah. as much my polluting was a no grated, we'd latest tongue in office you would use. but on sunday, the kremlin confirmed that showing you what they removed from his post to show you. is it a long time ally of president putin? he was a pointed to the position of defense minister in 201

dismisses longstanding elyse circle is showing you as defense minister and replaces him with an economist with little military experience and is rarely tanks re entered parts of northern garza, the military says from us, militants are regrouping there. hundreds of thousands of people are also on the move in southern gaza, as is real issues, new evacuation orders, the hello and terry martin. thanks for joining us. we begin with some breaking news. a top court here in germany has ruled at the far right alternative for germany party is a potential threat to democracy. this decision means the f. d can be classified as a suspected, extreme, his group allowing it to be placed under surveillance by domestic intelligence nationwide. c, a f t is currently the 2nd most popular party in the polls across germany are political correspond to southern young has been following the court ruling for us in the city of moonstone. i asked him what this verdict means. yeah, terry, what this means is, as you said, the domestic intelligence services here that i can continue to withdraw the i s d, a political pol

dismisses longstanding allies surrogate is showing you as defense minister and replaces him with an economist with little mental terry experience. this comes as a new russian ground defensive in northeastern ukraine forces thousands to flee their homes in the front. keep reaching. crane admits russia has made tactical gains, but says it's reinforcements are mounting a successful counter attack. also coming up is really tanks re entered parts of northern gods. so the military says amongst militants or regrouping their hundreds of thousands or on also on the move in southern gaza is, is real issues news the back you ation porters, the little i'm terry martin. good to have you with us. russian president vladimir putin has replaced defense ministers saturday showing go. it's the 1st shakeup of his national security team. since the invasion of ukraine showing his replacement is andre bell, it was saw, an economist, and former deputy prime minister, showing good over solve russia's invasion of ukraine will now take a seat at the national security council. even though it says showing use future thin

a new defense chief who is an economist by trade is coming.peculation is they will try to find ways to facilitate and finance this kind of trade, a lifeline for moscow, at the time of increased threat of sanctions. i was there in beijing when antony blinken again reiterated we are looking at the banks, and we will take whatever necessary actions are at hand to stop any potential facilitation of the war coming from china. so it's absolutely critical for vladimir putin to get those finances. haidi: stephen engle there covering that meeting and other geopolitical developments today, the u.s. is accelerating arm supplies to ukraine as the country's military confronts a russian assault in the northeast. russian troops are pushing deeper into one region, taking control of some villages close to the border. it may push kyiv to read deep alloy from the front lines to the east. the slovakian prime minister was shot in public, the first attempted assassination in decades. he was in the hospital in serious condition following an attack by gunmen who put

japan gdp figures were really disappointing what economists expected. haidi: thank key cpi data, by the way, seems like it came out early. we are hearing from the bureau of statistics talking about the early release of the cpi and real earnings data that they had inadvertently loaded a subset of files 30-minutes before the release, the office of the inspector general had been notified of the incident and they are conducting a full probe into controls there. annabelle: certainly and is a surprise for markets because we saw them push higher off the back of that record, record, record -- we cannot say that enough -- because we have indices at fresh record highs and the u.s. stocks one of them, 23rd-the s&p 500 this year. that is playing into the session, the nikkei 225, up .80% today, and we saw that rally rod base in the session but in japan, the focus is on financials because we had a number of banks yesterday recording better than stronger forecast for the year ahead. what also's claim into the dynamic are gdp figures -- what is also playing into that d

mr belousov is a very status of economists.gs like emergency taxes on extractive industries and whatnot. so, he will be somewhat of putin's average fare, the german architect to supervised very efficiently the endgame of the third reich in the military industrial spirit. i think belousov, who was part of a quite successful economic team together with the central banker, is going to be in charge of military production and financial issues. including evasions of the sanctions. but will be the implications _ evasions of the sanctions. but will be the implications for _ evasions of the sanctions. but will be the implications for the - evasions of the sanctions. but will| be the implications for the ongoing war in ukraine?— be the implications for the ongoing war in ukraine? more money, more economic swaps- — war in ukraine? more money, more economic swaps. we _ war in ukraine? more money, more economic swaps. we are _ war in ukraine? more money, more economic swaps. we are hearing i war in ukraine? more money, more i economic swaps

and what are economists ex-tectin confidence. and what are economists expecting for — confidence. for the next _ confidence. and what are economists expecting for the next quarter- expecting for the next quarter and the rest of the year?— the rest of the year? grace again. there are some _ the rest of the year? grace again. there are some slight _ the rest of the year? grace again. there are some slight worries. . the rest of the year? grace again. there are some slight worries. --j there are some slight worries. —— growth again. even though confidence has improved, the public are still reluctant to go out and spend, particularly if they don't have two or if the weather isn't good, now we have some good weather so people may go out and spend. if we are looking at the next quarter, following the 01 data we just got, the april readings were disappointing and the relative concerns about certain sectors, pubs, restaurants etc and entertainment, people are not spending enough in theatres and so on, so there is this concern people are waiting to see what is going to happen next and ther

it captures things that economists care about. for example, the payroll tax is not like any other tax. others talk about this with her in particular the payroll tax is not distorting as the same 12.5 or 15.3% tax levied on individuals, simple statutory tax that goes than pays for public goods, roads and so forth. the payroll tax is what's distorting some good because you are in wages to pay the payroll tax. if you didn't earn those wages you like it's also scaredy benefits. fact in the rules were r equals g and is no redistribution and there was no differences in lifetime, how long people live and things like that, really simple welcome the payroll tax would be non-distorting the reason is it's just giving you a return that you otherwise would've gotten capital markets. we want to account for that at the lifecycle framework automatically gives you that type of micro foundation. also, count the fact that lots of times the interactions on the conventional site, how we often show things, is on conventions that sometimes these interac

but loose of an economist and form a deputy prime minister showing who over. so russia's invasion of ukraine will now run the national security council. don't suck a show, use future seems up in the yeah. as much my polluting was a no grated. we'd latest tongue in office you would use what on sunday, the crime and confirmed that showing you what they removed from his post showing you. is it a long time ally of present booting? he was a pointed to the position of defense minister in 2012. he has close personal ties to polluted these rights publicly taking the present multiple hunting trips, news homeland or southern siberia. or is it recently shall i do, has become deeply unpopular in russia ever since he's seen by many as well as the responsible for the uh, the failures of russia's invasion of ukraine and roommates were right that his removal was coming on sunday to, to, and appointed show you head of russia's security council, drew a place with nikolai patricia, it's being seen as a demotion for showing youth and it's unclear what patricia has. new role will

that's the main reason he brought an economist in. absolutely, i think i'd be surprised if the income or is that for very long, but i think he's that's a clean up shop and a number of friends effectively are much more technical from he doesn't have to minutes. you background. he's that are, i think, really, to almost and the way to be the receive us. if you want to look at the end of business contacts, to people who've come in to sort out a failed enterprise. think a little bit, he's a for that reason, and i'm sure they will, that move on again into new hands. but for now showing his face saved with this move. he remains important in a circle, but the, i'm a did. so i'm the new leadership, at least for a walk up or what does this appointment mean for the war effort? i mean, changing your leadership at any point is riley assigned to things, getting terribly well sick if that happens often. and the russian leadership has been revolving door particular ministry side for many people. i'm interested to come on with the latest operations in

it says longstanding allies, sir gay, shaw, who as defense, minister and replace, as in, with an economist with limited military experience. also coming off, riots, police in georgia, a face off against protest as opposed to a controversial draft low that they say, threatens press and civic freedoms on the cold rolls. the far right alternative for germany potty is a potential threats to democracy. it says the f d can be classified as a suspected, extreme is group along it to be placed on the surveillance nationwide. plus kasha may have votes in india as a general election for the 1st time since it was stripped of its send me a ton of myspace switch, provoked widespread, and across the reach. the i'm be out of is welcome to the program rush as president inside of it put in has replaced defense minister survey showing go. it's the 1st shakeup office national security team since the invasion of ukraine. shaw who's replacement is andre belo self and economist, and form a deputy prime minister showing who who oversaw rush us invasion of ukraine will now run the national security council. are th

economists and the white house don't see it that way.cha patel, danielle dimartino booth on a segment you must see. we'll break it all down for you next. ♪. (♪) at enterprise mobility, we never stop looking for new mobility solutions. because sometimes the best road forward, is the one you didn't expect. (♪) known for following your dreams. known for keeping with tradition. known for discovering new places. no one wants to be known for cancer, but a treatment can be. keytruda is known to treat cancer. fda-approved for 16 types of cancer, including certain early-stage and advanced cancers. one of those cancers is early-stage non—small cell lung cancer. keytruda may be used with certain chemotherapies before surgery when you have early-stage lung cancer, which can be removed by surgery, and then continued alone after surgery to help prevent your lung cancer from coming back. keytruda can cause your immune system to attack healthy parts of your body during or after treatment. this may be severe and lead to death. see your doctor right away

and the below surface of this is being described as pragmatic o professional economist indeed. but as i mentioned all on already 14 is the only one who, who is to decide in the general direction of the russian politics. okay, so we have food in, you know, in a way, keeping us guessing, with what has been the most significant change as to his military commander, since russia's full scale invasion of ukraine. and as we've hinted, even one of pollutants closest allies was not spared in this region awful. side by side and good friends. that's how i'll show you who increase it and present their relationship for years. 68 year old show who has ever seen the ministry of defense since 2012, his time in office. so the annexation of crimea, and the invasion of ukraine. but he did not deliver what foods and had hoped for a quick capture of keys. now he is being replaced by the civilian and right below self boots in hopes that the form administered of economic development will provide a boost to the alms industry in particular and use that. so you, course military technology is changing ve

interestingly the subtitle suggests that economists don't think inflation is morally wrong.rs certainly think it is frustrating. charles: absolutely. thank you so much, kelly. joining me monetary macro.com cio joseph wong, bianco research president, jim bianco. we have so much brain power here guys, we have to open the doors, keep it down here. let me start with you, joe, first time in studio. i was reading your work. let's go backwards, the balancing act for jay powell, you think he will say it is okay to cut rates based on softness in johns even though it means longer, sticky inflation? >> first of all it is pleasure to be here. this is a magnificent studio. i do think that is how it works. the fed is ultimately political because the people that work there have certain values and beliefs, are right? when you look at values beliefs are, they are heavily part of democratic party. you see that in public voting data. one of the hallmarks is vowing employment more than inflation. so i think when push comes to shove, when we have a little bit higher unemployment, when we have ev

what he's looking at and what most economists| looking at?king . at and what most economists are looking at art service prices without rent and the reason is those most directly reflect wage growth because it is pretty much pastoral. but i tend to take a more holistic view of this stuff. in any cycle, different things, and even within cycles, timing, things go up faster, things go down, you forget about all the special factors over time when you look back and you see a pattern and the pattern is that right now, three rates have in prices without food and energy are running ahead of the year the year over year price increase against a backdrop of really above very strong job against... go ahead, i'm sorry. i'm sure if the minutes are out yet of the meetings and will be interesting to see. we have the elections coming up. what are your thoughts on mr bell not buckling under political pressure to make a cut? —— jerome powell. pressure to make a cut? -- jerome powell.— pressure to make a cut? -- jerome powell. that is well in kee - in . jerome po

last 12 years and the survey showing goes in and out of the job and has been replaced by a civilian economist. what does that tell us about pretends strategy and what really means for ukraine and are home bargains and losing ground in the region at north east of harkey? is we going through? the point of we're looking at is for economy and discussing whether new military leadership will mobilize russia for a long and flights. the hello and welcome. i'm glad richardson in berlin, and i'm thrilled to introduce our panel this week. we have a vladimir, yes above offer, and a journalist with d. w. nico, with long, a senior fellow at the munich security conference. and joining us today from your neck, marina maroney, military analyst with kings college london. or and welcome to you all are in after months of essentially stalemate. we're starting to see some movements again in the war and ukraine. russia making games in the north east. is this the new offensive that many analysts were expecting to take place this spring or summer as well? i will be very careful as to describe it as the actual offensi

maybe all the economists have got it wrong. ♪.ia and julio thought their life would never slow down. then one day, it finally did. you were made to find inner peace. we were made to track flight prices to paradise. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. we really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs changing for the better. the farmer's dog is just our way to help people take care of them. ♪ (ella) fashion moves fast. (jen) so we partner with verizon to take our operations to the next level. (marquis) with a

so all your economists coming in saying everything is rosie, you all know economists don't know how to: let's talk about making money in this environment. it is obvious, confident in all the swagger the market seems to have. couple days like the last two days all of sudden it is gone. where are you looking, how are you helping your clients make money in this environment? >> we're giving access to the rates market with the funds at quadratic. a lot of people in the financial portfolio will have stocks and bonds but most of net worth is in real estate. most professional real estate investors go it to hedge the rate risk. regular people don't necessarily have access. charles: this is way of doing it with your product? >> we q up the rate market to given arguably largest asset class in the world is the interest rate markets. charles: nancy, great seeing you. the best election will be a big deal for the bond market, folks. rebecca walser is here to make that connection right after this. >> charles, we hear you guys have a birthday at "making money." we're so proud of you. [applause] teachin

the second part is i know you were first a jouyou became a political economist. i am into peace journalism now. what do do as journalists where we have conflicts from these areas to try to mediate and bring about peace and that conflict area? thank you, sir. oge onubogu: thank you so much. two questions in one. do you want to take those first before we go to the next round? prof. utomi: thank you. one of the things that fascinates me, matt and i were colleagues in grad school in indiana in the late 1970's. one thing that fascinates me about the american example is andi find that part of the reason that in spite of everything, i mean it is not a perfect society conflict is reduced in america, is that opportunity beckons. coming to grad school here in 1978, we were lucky if we had a friend who could make some money driving a taxi. [laughter] the first warning i got arriving in annapolis was to be careful driving through martinsville. but i come to visit chicago and i was watching television and i was not sure if i was in chicago or lagos because the anchor had a ni