off ewen:.ng remember the debate is also about what the ecb will buy. , ands it changes its roles we are pretty sure it will change its rules and december. it will run out of assets to buy. in the higher of equation. wepite all of the talk, expect it to be absorbing bonds. proper bond purchases, it was a record last week because they in therticipating primaries coming up, not directly. the ecb will still be there in support of the bid. caroline: are you worried about the leverage building up among corporate's? corporates? is this a concern that so many why --es are making hay while the sunshine? ewen: that is a good question. on the run side, the duration of the balance sheets have -- has turned up hugely. it is minimal. it is the corporate equivalent of the argument that governments should borrow more money now. i personally do think this is a bit of a sea change is only only sothere are many competitors you can buy. buybacks have declined in volume in the third quarter as well. i am concerned.

ewen: let me put it this way.have got this very powerful triangle forming of regulators being able to regulate more fsb taskhings like force is reporting at the end of the year. the board headed by mary schapiro and the sec has done its work and fiduciaries should -- regulation is going to increase in the cost of the technology to do this is coming down rapidly. battery storage technology. francine: but so is oil. alternative power generation is cheaper on a transmission basis at an auction scenario then other power. this is a risk that does not go away, it accumulates over time. there is an adaptation of being pressed by a regulator. tohink this is the potential be as big a disruption over the next five years essentially as shale was for the oil industry over the last five. francine: why our markets not seeing it? ewen: when did markets start to see the point of shale? francine: when it was too late. ewen: after six or seven years of explication. -- six or seven years of exploitation. growthsons to do with and wi

let's get back to ewen cameron watt.f you are janet yellen, the fed, look at boj and think week, when i might ready to hike? ewen: look at the boj will be a short one. i think what we will see today will be the moving down of the dot.term. -- long-term a signaling that the terminal rate is lower. a weight andybe seahawks statement. -- maybe a wait and see caucus statement. francine: what will they tell us? ewen: no change. the long-term expectation for inflation are probably diminishing. in so doing, while rates will rise over time, it will be a bit, not a lot. any textbook proof of our new economics, whether it is boj with their original economics today? or maybe the idea of janet yellen not working in a vacuum of a global slowdown? are we in a land of new economics? ewen: i think we are. -- japanhat moving moving into the era of regulating is is rates, the next stage it will regulate recredit goes is a kickback to what you had in the u.s. in the 1940's and 1950's and the nationalization of financial markets is taking p

ku and patricia ewen to the ewen foundation.he corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. reliable, >> pafr hello and welcome to kqed newsroom. coming up on the program, an indepth look at humboldt county's efforts to regulate the cannibis industry and why rules could serve as a model for the counties. the legalization of recreational marijuana for adults. first political activism in sports. colin kaepernick took a stand choosing not to stand for the national anthem before a game. prot test against police brutality sparked widespread criticism with many plasting him as

this is snowden speaking with ewen macaskill. >> if not for these disclosures, these revelations, weld bee woworse off. yes, there are laws on the books thatat say one thingng, but pers this is s why the pardrdon power existsts -- for the exceptions, for the things that may seem unlalawful in leletters on a pa, but when y you look at them morally, ethically am a and look at the results, it seems o obvis these were necessary things, vital things. amy: or more, we're joined by three-time oscar-winning filmmaker oliver stone am a joseph gordon-lelevitt who plays edward snowden in what snowden," and i want to bring another conversation sarah harrison, investigative editor of wikileaks. in 2013, she accompanied edward snowden on his flight from hong kong to moscow and spent four months with him in russia at the airport. sarah, it is great to have you back on democracy now! they interviewed you whehen we were both in -- i interviewed you when we were both in germany. at right now if you could talk about the effects of the release onthe documents that ed did where you are now, germany, you

we wattoined by ewen cameron for surveillance. ♪ francine: the markets up slightly this morning.s on the minute. they were up a couple of minutes ago. mark: and now they are up again by 0.02%. barely changed. what, because of the slight gain it is the highest since january. little changed. investors are waiting for this thursday's ecb meeting. buyers -- bayer is an advance giant,o buy a u.s. see they would be prepared to pay $127.50 a share provided a negotiated deal can be reached, 2% more than the previous bid. bayer shares down one corner of 1%. airbus one about $1.6 billion worth of business for carriers in vietnam. they signed the deals in hanoi today with the french president who is visiting vietnam were their travel has risen by 3%. the big central-bank story today was the central bank in australia, the rba. in the final meeting governor glenn stevens left rates unchanged. this is an ugly chart. it shows how the aussie dollar since glenn stevens became the governor of september the eighth, 2006 as the blue line, literally remain unchanged. it has fluctuated in that 10 year

ewen after a company that was not paying enough taxes in ireland. this is apple.here has been a lot of criticism that this shows the rest of the world that europe is not open for business. you disagree? >> completely did what it shows is that europe is open for competition -- completely. what it shows is that europe is open for competition and we want competition to be fair. it gives great companies great opportunities. if you look at europe, it is a 500 million people potential customers. rmb of highest quality and very skilled people. europe is open for business but not tax evasion. francine: there has been confusion. people that follow it less closely confusing the 20% tax system in ireland. margrethe: every member state can set the level of corporate taxation. in ireland, they decided 12.5%. in other member states, 20%. that is completely on their own did what they cannot do is give selective advantages to specific . whaties -- their own they cannot do is give selective advantages to specific companies. francine: euro are targeting u.s. companies. -- you are t