that is the crisis evolved it wasn't just greece and greece gets a disproportionate amount of attention. it is one country -- and what it did. spain and ireland had actually a surplus before the crisis. the crisis caused their deficits and their data. they actually had a very load debt to gdp ratio. it wasn't the idea of keeping deficits and debt slow would make sure that you had a well performing economy and would not have crisis. that's wrong. the remarkable thing is that years after the crisis germany still doesn't understand this. and so they still think the mistake they made at the beginning, the flawed idea of what was required is what they ought to do. so in a sense they double down on a bad idea. so they told all of the countries what you have to do is maintain even stronger fiscal austerity. not a surprise, it hasn't worked. the result of a particular moment in history because they sometimes think if the euro had been founded a few years later after the east asia crisis nobody would have come i should say nobody, know most people would not have had that idea. the east asia cris

in greece youth unemployment is 60%. gdp has gone down by 25%. no matter how you look at it, even the best-performing country, germany, would be graded a d on any standard if you weren't grading on a curve. if you look at what's happening to large parts of germany, large fractions of the economy are citizens are doing actually very, very badly, their incomes are going down. so from an economic point of view it's clearly not worked. the reason is actually why is very simple. when you formed a single car insurance -- currency, two of the ways that economies and societies adjust when they get hit by a shock like the global financial crisis coming from the united states. you can lower your interest rate, you can lower your exchange rate and that lead to more exports and that helps your economy grow. so iceland, for instance, where it's very small island, country, but iceland had one of the biggest crises. it had one of the most poorly-behaved financial sectors, but they recovered fairly quickly and one of the reasons they recovered is because they ha

"long live greece," he cried. the government's determination to provide classes nationwide will be severely tested. a new battleground awaits the war children. for the pbs newshour, i'm malcolm brabant in northern greece. >> sreenivasan: this has been a tough fall in the world of for- profit colleges, and for some of the students who attend them. the latest case: the bankruptcy and abrupt shutdown of i.t.t., one of the largest for-profit technical schools. its 130 campuses were closed last month after the department of education said it could no longer enroll new students who relied on federal loans and grants to attend. the obama administration cited problems with its accreditation and concerns that it was misleading students. that has left about 35,000 students up in the air over their future. and it is the subject of our weekly segment on education, "making the grade." paul fain of the news site, inside higher ed, joins me now. so tell us, why is i.t.t. shutting down? how important are they in the pantheon of t

in greece, the youth unemployment rate is 60% in and the gdp has gone down by 25%. no matter how you look at it, even the best-performing country, germany would be graded a d by any standard if you weren't grading on a curve. if you look at what's happening to large parts of germany, citizens are doing very badly. from an economic point of view, it's clearly not worked. : it had the most poorly behaved financial sectors but they recovered fairly quickly and one of the reasons is they have a flexible exchange rate. and then worse, after they have taken away the mechanisms of adjustment, they tied the hands of the european countries even further and said you can't stimulate the economy to fiscal policy. you can't have more than a 3% deficit. you need to focus just on inflation. i tr tried to explain is that ia sense, the euro was flawed from birth and death goes to a major controversy going on about what went wrong in europe. there is one group of people who say that the only problem is that they did the wrong policies and the fact his policies couldn't have been wors

good news string of for greece.udget execution is on target and we learned that greek bank deposits rose in august. just today they said the greek government has stepped up economic overhauls to keep aid flowing. some investors are not dying the turnaround story just yet. joining me now is an economics professor at the nyu stern's business school. us.olas, thanks for joining is greece back on track? or at some point in the future are we going to hear about how there is another impasse or 11th hour negotiation? nicolas: i'm still pessimistic. these are the constraints on economic growth. that could bring greece out of the present situation have not happened yet. so, just looking at the is still numbers might look good from a european point of view. but it doesn't look good for the whole economy. there is a need for reforms and a need for structure programs that will bring greece out of the present recession. they need to reduce the amount of primary surplus that these require. what with structural reform look like? t

greece -- think about what you said about the european union, they wanted to keep greece in the euro.is an important point -- there will several points last year when it looked like no deal was going to be done and greece would leave. in all of those circumstances what the eurozone members did was make a cynical consolation. they had to say, what do we worry most about? do we worry about the financial contagion of greece leaving the euro, no longer being or do weble, etc., worry more about the idea of political contagion? do we want to be seen as being beaten by a populist government being given too many concessions? you are providing a roadmap which could be followed by populist anti-euro parties in spain, italy, and portugal. joe: which is it here with the u.k.? duncan: on the european policymaking site, whatever it seems like greece was going to go, they were worried about political contagion. once article 50 is triggered we will see that again. there will be many senior voices in the european union don't want to see britain get some sort of sweetheart deal. they don't want other e

greece's finance minister was positive on the progress made. >> it was a very good eurogroup for greece. it was decided that greece completed the milestone so we can proceed the 1.1 billion dispersement. there was an agreement that greece had done very well in clearing its arears in july and august but for technical reasons we don't have figures for september. when those figures are collected and are available the dispersement for the 1.8 million for arears will be made. >> they need to sign off on the 1.7 billion. is this a fruitful meeting for greece? >> reporter: i think it's considered a victory or at least a climbing of a hurdle for greece as you heard from the greek finance minister. he welcomed the decision that came here after the meeting last night and foingt the fact that it's a technicality. it's considered a success but plenty of risk still on the horizon for greece not the least of which is the lingering question whether imf will sign on to papg. a lot of voices say how crucial that element is when it comes to credibility. but for once the finance ministers meeting here in

i see you and raise you which is greece.y get a disbursement but then you have spain and portugal and italy. italy is the new issue for europe. >> in a certain respect it is. you tell an economy that has been so weak for so many years, the banks are under pressure. be too gloomy about the italian economy if you look at the budget deficit. levels,t at dangerous fairly close to 3% of gdp. bond yields are relatively low. a direct comparison between italy and greece is a little unfair on italy. 40 minutes, it didn't take long. has been euro group talking about greece. ministers which still inc. philip hammond, a lot of conversation around brexit. we do not really learn much detail as the day goes by. >> there is a lack of news flow. the government quite understandably is saying that we will not give you a pie day commentary on what is going on in the negotiation tech six. that is understandable but what that leaves is a vacuum and it makes markets more sensitive to rumors and leaks about hard brexit and soft brexit. is therefore

one says greece has done everything. it will get that money right away with more to come at the end of the month. the cuts have been deep. many say they have gone too far. >> sites like the acropolis in athens is attracting more and more tourists. the country is expected to host nearly 28 million people. the country's tourism associations is -- says it means more jobs has been created in the sector. the upsurge will hopefully meet its a loud goal. -- bailout goal. there are other factors. greece may get more rescue loans. >> we're going to give the commission and assessment today. all of them are now completed and this should normally open the way to the remaining 2.8 billion euros. >> greece is to get 1.1 billion euros. some say this is because the government has delayed privatization projects. now it looks like athens is ready to sell state owned firms, something many people do not want. >> i'm absolutely against privatizing water works. the government hopes to rake and 50 billion euros that way that many economists re

a lot to do to complete the architecture and to fix greece. you leave greece out of it, you still see the markets freezing over european bring -- european banks. how worried should we be? for: there is a clear road the european banking system. some of it has already been put in place, the single supervisory mechanism, the resolution to , with eventually more to come. but individual banks, many of them still need the imf's global financial stability report shows there is still a need for cleansing balance sheets and strengthening capital. mike: do you see a lehman moment? john: i don't think so. one of thely, we saw largest german institutions cause a lot of worry too a lot of investors. sheets are clean, and if the supervisory mechanism continues to gain credibility as think ween, i don't face anything like that. mike: the imf's most recent outlook was relatively sanguine. in some cases, a revised higher for 2017 and 2018. do you think we have come out of the new normal where we couldn't grow very quickly? >> the overall growth projection for

the fact is, if only greece, there won't be a cries pips greece is 150 million people. small percentage of the eurozone. but it's not just greece. it's country after country. and we have so many crises. you have to realize that there's a sift testimoa systemic proble. many countries were growing faster than the european average before 2008, before 2000, before the >> wasn't that suddenly these countries forgot how to grow or what was the change? the change was the euro and the fact that the euro made it so difficult for them to adjust to a shock like the global financial crisis so that in a nutshell is why, when you have the wrong rules you have to change the rules. take ireland and spain for instance. you have a surplus before the crisis. it created the deficit and not the other way around and they insisted on buckling down on a fundamental theory that is flawed. and the example of that is years of depression. it's still barely getting back to where it was in 2008. still lost 8 years and some of what they are doing, some their success is based on what i would call bad

this could happen for greece at some point.der for greece to come back to the market, three things have to happen. europe has to recognize and actually deliver on its own debt reduction. this needs to happen sooner rather than later. any have been postponing acknowledgment that they need to reduce their claims on greece. acondly, greece needs government that is fully committed to the reform program. clearing away vested interest inside orders of government. thirdly, you need elect fiscal targets. with those ingredients, investment firms will be willing to come back and bring capital back to greece. your let me ask you to put institute for international finance had back on. one of the reasons you had to negotiate so hard for the debt restructuring of greece was the systemic worry of the banks in europe. greece is restructured but the systemic worry still seems to be there. banks in europe don't seem to have restructured enough to satisfy markets. been, all along, a european drama. it is true that many western european banks have

does greece deserve another aid -- another aid package? like we could see a possible delay of part of the 2.8 billion euros from greece here and to unofficial luxembourg. 1.7 billion euros could be delayed until late october. news.erly optimistic also spoke with the cypress finance minister in luxembourg. what greecehat really needs is that relief. >> potential that relief until we reach that point. continue, and the hope that we are able to make a step in that direction. >> the german finance minister is still quite reluctant to accept the good relief for greece. he did not say anything yet here in luxembourg. >> that is not surprising. how much can they concentrate on greece with brexit on all of their minds? of course brexit not officially on the agenda, but dominating the sidelines. every minister we have talked with so far has something to say. the french finance minister says we should not lose any time. the cypress finance ministers saying there can be no benefits of the obligation. the brexit discussions in luxembourg. have a liste

but first, we head to greece.he southern european country is suffering the effects of the debt crisis more than any other nation in europe. in the face of crippling austerity measures demanded by international lenders, hundreds of thousands of families in greece are threatened with losing their homes. many of them, like the couple in our next report, are desperately doing everything they can just to keep the lights on. >> they're ashamed of their debts. for weeks, this couple has been without electricity. bills have piled up. they owe the electricity company more than 5,000 euros, but they live below the poverty line, and can't pay. in desperation, they've turned to a group of activists called den plirono, which translates as "i don't pay." >> i didn't know what to do, so i asked the group for help. i even called the government to ask for payment to be deferred. my daughter's going back to school, and i need to buy food to cook her meals! >> the "i don't pay" movement is popular in greece. the activists go down to

and greece's most wanted. we will tell you all about who is hiding in maryland. all ahead in "bloomberg businessweek." ♪ carol: i am here with the editor-in-chief ellen pollack, and there are so many stories in this week's issue. let's start with markets and finance. ellen: it looks like opec has made a deal to cut production. it has been a lot of arguing back-and-forth about that for years and this is the first time they agreed to cut production in eight years. carol: it is a big deal. ellen: saudi arabia has typically not wanted to cut production and now does. -- hoping that prices will go up and iran, which is usually the other way has almost switched positions, but they seem to be in agreement. it looks like oil production will go down and we have to see what happens with prices. carol: saudi arabia and iran have different views. , you take arks look a the war of free speech on line. let's take a look at that. ellen: there is a classified ad site called backpage that makes a lot of money from sex ads, a lot of money from sex ads. i have taken it over from oth

greece is the remaining case. but greece is making progress., they had a new government that tried to move but it didn't work and it did go back into recession. but since last august we have entered a cooperative phase. program,s third greek which amounts up to 86 billion euro, already the first 29 billion euro -- as always, as we do it -- conditionality is in place. francine: and we followed the greek situation closely here on bloomberg but the outstanding point is that the imf is often forget relief in the medium return, 2018, and that in the eu, countries have been reluctant to sign up to that. is that in jeopardy because of the german election coming up next year? klaus: i don't think so. there was an intense debate earlier this year in the euro group. we are working on short-term debt relief immediately, and we are working on that. and later on we look at how much additional debt relief is needed. and greece is different from the frameworks, that the imf uses around the world is a good framework. tom: i want to congratulate you on spread n

to get greece this debt relief. minister also compared over the weekend greece , trying to avoid being trampled by two fighting elephants, the imf and germany. great image. and the tax, what about that there? caroline: there was the first proposal, 2011, the idea to make the finance industry pay for future bailouts. that for unanimous approval of eu leaders. former leader, george osborne, -- this was an argument by the brexit camp. group of 10er countries is back at the negotiating table, led by austria and also including france and germany, at some other countries, like slow back slovakia, might back out of the deal. and this was the death of the financial tax in luxembourg, and finally, of course, will be watching very closely for any comments from the eu finance ministers about brexit. creating extreme volatility. the chancellor will be here tomorrow in luxembourg. na: caroline, thank you. ere for us ina th luxembourg. investors worried that the government may mean forgoing access to the market. suffering its big

the problem for greece is what comes next.e still wants some kind of debt relief by the end of the year. they also want the imf to rejoin the greek bailout. the imf is monitoring the program but has not made any financial contribution to it and the german finance minister will be here today. he is still reluctant to give greece some kind of debt relief. alsoreek finance minister told bloomberg over the weekend that he compared greece to a gazelle that is being trampled by two fighting element -- elephants. caroline: other elephants in the room, we used to talk about and now we- grexit are talking about greg's it. -- brexit. >> we expect a lot of brexit discussions on the sidelines. the u.k. chancellor will be here meetingbourg for the and bully the grounds for the first eu summit attended by prime minister theresa may next week on october 20. the main sticking point for eu leaders and eu finance ministers cannot restrict legal immigration and keep the same access to the single market. forward to hearing what comes out of that

and spain and greece as well.loyment makes economies much more resilient to economic shocks. for that reason, it will be a consumer lead story in the u.s. and abroad as well. foruts us on a trajectory 2017. david: thank you. coming up, at&t has given a strong performance and chairs are up more than 30%. now is the time to extend media properties? a quick data check now. up to and a quarter percent today, a two year yield better than expected, up to 84 basis points now. 1.7%, year yield is at back up to 86 basis point. we look at the dollar index, not doing as much today but still 96.1. this is bloomberg. ♪ vonnie: this is bloomberg markets. time now for a look at the biggest business stories in the news right now. we start with the supreme court today. on insider trading. the argument is whether someone is sent to prison for making trades when the insider who provided this is not looking to make any money. a willingness to a poll of the conviction and if they rule that way, you can make it easy to profit. presiden

>> i'm a journalist from greece. the topd greece is not issue anymore. the greek government is pushing for debt reduction. vice president biden was asked to use his influence toward the german chancellor. i was wondering, is the u.s. working on that? is it a major issue anymore, or as it subsided? what is the situation with greece and the debt? sec. lew: we have been deeply engaged on greece and issues related to the financial situation in greece and the debt for a very long time. happily, we are not a moment of immediate crisis. when you ask the question at a moment when you can say, what should we do to avoid having another moment of crisis? we've been clear, and i think it was important in the last agreement that greece reached with the partners that debt restructuring had to be on the table. that there is an unsustainable debt, and greece would have to make progress on its plan and there would have to be a coming together where debt restructuring was part of the picture. always believed the sooner you get to that the better. the only really stable an

today a new report says the break-up was triggered by an incident in greece. jerry has every new detail. >> the headlines, break-up. and now, a case of he said/she said? the breaking couples news sources close to mariah telling tmz james did quote something really bad involving their assistant onner that greek getaway and others insisting there was some kind of rendezvous between mariah and one of her dancers on her show. she's keeping the $10 million ring. >> i love the ring. >> clues to the split coming for months, the couple last seen in august. she posted this loved-up pic last month. mariah with her ex and kids last month. she told us about this and the relationship with james before the split. >> he's got his own thing. yes. he's very happy with that aspect of my life. >> megyn kelly, tv's new the fox news superstar just snapped with a huge grin in new york as new details about her contract negotiations leak out to the world. >> welcome to the "kelly file." >> she's seeking a reported $5 million-plus raise, network head honcho rupert murdoch says he want

particularly in greece, where the nazis committed terrible atrocities.o find out more, we've been to meet some of those elderly greeks who still remember and still mourn what the nazis did to their relatives. >> kalavryta is a small town in the mountains of the northern peloponnese. it's often called the town of widows, because on this hill nearby, nearly all of the men and boys aged 13 and older were murdered by nazi soldiers in december 1943. spirous dimopoulos was 8 then. he heard the shooting, ran to the hill, and found his father's body. >> i went alone, without my mother. i saw everything. while the corpses, 600 or women 700. came with bedspreads, and laid the bodies of their husbands on them, and then dragged them down the hill to the cemetery. >> spiros dimopoulos remembers the shallow grave dug for his father. the trauma remains with him to this day. in the 1950's, he and about 30 other youngsters from kalavryta were invited to west germany for job training, a gesture of reconciliation by the country that perpetrated numerous massacres in greece

david: how did this unknown economist come to get a big job in greece? this guy spent most of his career, working as an obscure economist in the bowels of the imf in washington and in -- he saw that his home country of greece, was at the epicenter of this and was teetering toward bankruptcy. he felt the desire, the patriotism to apply to a job that had been posted. they needed an independent statistician to scrub the country's economic statistics. six years later, rather than being seen as a hero who helped save his country's economy and put it back on the track to growth, he is vilified as public enemy number one. david: i find it astonishing. carol: what happened though, was when he went to greece he started going through the data and had a lot of problems. matt: we know this story that for years and years greece have been cooking their books, making their debt looks smaller as a ratio to gdp and their economy look better. it did not really come to light until everything started to fall apart in 2009 and 2010. what he found was pretty egregious. things

can greece survive with debt reduced? >> we do need debt release. will not happen as fresh given now that it is all held in the majority by the official sector, so you will have public capping interest rates extending maturities along the grace period. even though that has been put up as the holy grail, it is not enough. necessary but not efficient. the heart flow, what will bring confidence back is holding institutions and the kind of stability in the tax system, the environment for businesses that ny investor looks at and that would take a longer time than the decision. of the world's best-known hedge fund managers took us inside the serious legal battle. the sec has charged leon cooperman with insider trading and he told erik schatzker why he feels he has done nothing wrong and what accusations that cost his business. : do you as a mother practice in an effort to produce returns for your investors sale close to the wind? not even close. we are a deep dive fundamental firm and information is not a crime. who try with companies to develop informati

greece 60%. our students sometimes complain about the difficulty getting a job but can you imagine year after year, now eight years where the youth unemployment rate is more than 50%. and that's after students leave the country and so you have some of the more talented people leaving the country so you're getting a hollowing out so the growth in these countries is not going to ever catch up, probably. >> so then uk not part of the monetary union but part of the eu, do they have it right? is brexit ultimately the acknowledgment of some of these flows that you're diagnosing? you're spotting here? >> yes, i mean, as you said uk was not part of the eurozone so it didn't suffer from the worst of what was going on but it did suffer in a couple ways, one was, you know, the migration crisis is all in the news, one of the problems is that because of the euro so many of the countries in europe have high unemployment and when there's high unemployment they don't want to have more migrants and the migrants d

but first, we head to greece.southern european country is suffering the effects of the debt crisis more than any other nation in europe. in the face of crippling austerity measures demanded by international lenders, hundreds of thousands of families in greece are threatened with losing their homes. many of them, like the couple in our next report, are desperately doing everything they can just to keep the lights on. >> they're ashamed of their debts. for weeks, this couple has been withthout elecectricity. bills have piled up. they owe the electricity company more than 5,000 euros, but they live below the poverty line, and can't pay. in desperation, they've turned to a group of activists called den plirono,o, which translatess "i don't pay." >> i didn't know what to do, so i asked the group for help. i even called the government to ask for payment to be deferred. my daughter's going back to school, and i need to buy food to cook her meals! >> the "i don't pay" movement is popular in greece. the activists go down t

. >> my name is tom ellis, a journalist from greece, thank god greece is not the top issue anymore but still somewhere there. the greek government is pushing for that reduction. the prime minister met vice president joe biden in new york last week and he asked him to use his influence to the german chancellor or for european general. i was wondering, is the u.s. working on that? is it a major issue anymore? is it -- has it subsided? what's the situation with greece and the debt particularly. >> well, we have been deeply engaged on greece and issues related to the financial situation in greece and the debt for a very long time. happily we're not in a moment of immediate crisis and you've asked the question at a moment when you can say what should we do to avoid having another moment of crisis. we've been clear and it was important in the last agreement that greece reached with the partners that debt restructuring had to be on the table. that there's an unsustainable debt and greece had to make progress on implementing its plan and then there would have to be a coming together where debt

specifically for greece, what is actually needed?d, a restructuring of the state sector. ,he state sector is huge there's lots of people employed without doing much. we need to make sure that the right functions actually work. additionally, it has to become smaller. the expenditure is so huge that it drains the resources. matt: now joining us is joe weisenthal. i've been teasing the show all day long. that's talk about gold instead of chicken. yum! brands is coming out with earnings after the bell. >> gold has been getting clobbered, down 4% in the last three days. yesterday was one of its worst days in a year or more. tried to stage a bit of recovery today but got smashed down. strong0 a.m., we got a many fracturing report -- manufacturing report. that good data confirms a higher rate story, confirms the typing story. -- tightening story. recovery, central not so inclined to ease policy -- matt: rates could go up, inflation is nowhere to be seen. >> overvalued and he made the point that positioning has been offside -- gold got off t

that still left yugoslavia and greece.ed territory, they'd remain the route for a possible allied counterinvasion. at one of their regular meetings, hitler signed it to mussolini. the stooge was delighted. here was his chance to prove to his people that he, too, was a conqueror. he was wrong. perhaps the uniforms fooled him. something did. for after the fascist leagueses of blitzed on one cylinder this far into greece, the greeks in a brilliantly conducted mountain campaign drove the italians back and invaded albania. hitler was enraged. but failure of his stooge to protect his southern flank was delaying the attack on russia. he sent a final ultimatum. the yugoslavs and greeks it was surrender or else. but the yugoslavs and greeks come from a long line of fighting men. nazi slavery didn't appeal to them. at dawn, on april 6th, german bombs told the yugoslavians they were at war with germany. the nazis and italians launched a powerful and coordinated attack, supported by virtually unopposed aerial bombardment. the conclusi

when they were so tough with greece, it wasn't just a matter of monetary policy.re the enforcer of troika policy. that was a political decision to basically strangle greece, to force it to accept the austerity which caused the depression. vonnie: we did not get a grexit or germany leaving. what we did get was britain leaving the union. does britain and up the winner here? does it end up getting the type of trade deals i wants? all these countries that are suffering, they will want to trade with britain. joseph: in the end, even if it the wtok to the trade, like not which is giving uk any more favorable treatment than the united states, we're going to treat a european country worse than we treat the united states, we treat them worse than we treat switzerland. let's assume they get back to the -- the decline in the exchange rate. the average tariff level was 5%, under wto tariffs. with the shows, the flexibility of exchange rate is a really important instrument and can more than offset the slight increase in tariffs. that trade islize good and that is what they hav

places like greece and italy and this is true.n fact this is a large part of the reason also for these stats. italy and greece have high unemployment rates. those people are working zero hours which brings down the average hours work. they didn't just look at people who were working in terms of the total hours, but looked at the working population. does that make any sense? >> it does. >> i kay made yens say americans -- canadians say americans are great. the woman who made the video says it is no secret america is going through a hard time right now and the election has exposed sad realities that will challenge them for years to come regardless of who is elected. stop pretending you are bipartisan. this is a hillary ad. i absolutely agree, but i don't think she is bipartisan. what she said is the election has exposed pretty scary realities that will challenge america for years to come. meaning even if hillary wins which is what she wants, they have exposed a scary reality. >> i just don't think they are trying to be bipartisan. >

the most optimistic, 2%. , greece is like a broken country.hand, a lot of what was wrong has been fixed. we are running a primary surplus, which means we are spending less than we are earning and taxes. -- in taxes. a lot of the structural reforms or underway.essary not enough. start aa good basis to .ore viable growth what is necessary now is some political stability that will bring investors back. what greece needs is over 100 billion euro in fresh investment. that can only come from abroad. my worries is the current government is sending extremely mixed signals to investors. we need to be in. -- we need the international investor community to come in. >> can you survive if debts are not reduced? >> we need relief. it will not happen in terms of a hurt that haircut -- that debt haircut. has beengh debt relief put out there as a holy grail, it is not enough. it is necessary but not sufficient. what will bring confidence back stability in the tax system and the environment for businesses that foreign investment looks at. that will take time. i

what happened on the yacht in greece? >> now on "extra"! ? ? >> billion-dollar split. why the wedding is off for mariah and james packer. the new report, something bad went down in greece and will mariah get to keep the $10 million engagement ring? >> i love the ring, yes. >>> megyn kelly fighting for a $5 million raise? top-secret details leak out. >> what megyn told me about her future at fox news. >> one complaint i have about my current job is -- >>> the family trump. comes out swinging.

what happened on the yacht in greece? >> now on "extra"! ? ? why the wedding is off for mariah and james packer. the new report, something bad went down in greece and will mariah get to keep the $10 million engagement ring? >> i love the ring, yes. >>> megyn kelly fighting for a $5 million raise? top-secret details leak out. >> what megyn told me about her future at fox news. >> one complaint i have about my current job is -- >>> the family trump. comes out swinging. >> you're still bringing that off. what melania really thinks of hillary. >> and then, chugga chugga choo choo. >> secretary clinton gushing grandma. >> it's a side you've never seen of the presidential hopeful. >>> favorite tv show. >> for good reason. >> and what's in the box? >> you have made my year. >> then britney spears on her meeting with mrs. clinton. >> she's very present. >> i'm in vegas with my girl britney. talking about her life with her twooy >>> plus "grey's anatomy's" ellen pompeo, recruiting mario? >> you just have to be hot and look good in scrubs. >> now on "ext

i think greece will have a better government.ore's contracted sharply in the latest quarter, a sign it is struggling. gdp fell 4.1% from the previous three months. a big mess after analyst estimated zero change. growth in the economy has been under pressure since last year because of weaker trade in lower energy prices. thailand is beginning a year of mourning for the world's longest reigning monarch. the king died yesterday at 88 years old. the government said his only son will take the throne. monarch was a symbol of unity in a country rocked by ten coups in his seven decade reign. he spent most of his time in the hospital. global news 24 hours a day. analyst in more than 120 countries. you can find more stories on our bloomberg app. much. thank you very how could i possibly get that the wrong way? juliet, take it away on the market. nikkei up. juliet: it is risk on. more than yesterday. that ppi number coming through out of china giving a boost to stocks in hong kong. you also have the tie up announced between side of kim and

and tell us some of your stories. >> so, i was volunteering in greece for two times. time, i came back to israel actually, and, unfortunately, tragedies happen there on weekly basis. and the most devastating one happened on the 28th of october, when two boats started to sink at the same time and more than 70 people drowned. many of them were kids and babies because they're the ones who are not able to swim. and that occasion made me decide to go back for the second time. so i have been there for almost two month, and our team of israaid -- doctors and nurses and social workers -- are there for already six months now. >> wow. dr. david, you are on sort of a cross-country tour with your colleagues who are involved in israaid. what do you want people to know about what is israaid, and what is it doing? >> well, israaid, first and foremost, is a humanitarian assistance organization with israeli volunteers. they work all over the world, not just in greece, not just in europe, not just in the middle east, but also in japan and even in the united states with hurricane katrin

mike: what is the difference between them and greece?arted from a much worse point. competitiveness problem. credibility deficit because the previous government had lied. there were also mistakes in design of the program, mistakes in the fact that debt structuring to too long to happen. a lot of it is also in -- internal. there was no political consensus over what needed to be done. a lot of infighting. the initial governments were alone in trying to do a difficult job. all of this played a role in the recession has much more deep that should been that should have been. we lost a quarter of gdp. and than 25% unemployment 50% for the youth. we are still there, we are crawling. mike: are you going to get out? the economy is still contracting. what is left? george: it depends how you look at it. ways, greece is like a broken country. on the other hand, a lot of what was wrong has been fixed. after many years, we are running a primary surplus which means we are spending less and -- then we are earning in taxes. that is a very important step.

so, anyway -- greece, this administration actually has nearly doubled the national debt. think about that. in the entire history of the united states of america, until 2008, we accumulated roughly half of the current national debt we have today. it took nearly two and have centuries to get to this level and they nearly doubled it. hillary clinton's plan increases spending by nearly $2 trillion. the truth is -- you are never going to balance the federal budget unless you get the american economy growing again and you cannot tax your way back to a growing economy. and hillary clinton's plan is to raise taxes, increase spending and it is a pathway to turning america into greece. i promise you that. a great point on your part. on health care reform, let us be clear, it is a very clear choice in this regard and it breaks my heart to hear that you lost your insurance. anyone else remember the promise -- if you like your insurance, you can keep it. if you like your doctor, you can keep him. i think bill clinton actually referenced those things when he was talking about it being

mariah carey and james packer break-up was triggered by an incident in greece. jerry has every new detail. >> the headlines, the $4 billion break-up. and now, a case of he said/she said? the breaking couples news sources close to mariah telling tmz james did quote something really bad involving their assistant onner that greek getaway and others insisting there was some kind of rendezvous between mariah and one of her dancers on her show. her docu-series was set to feature their i do's, for now she's keeping the $10 million ring. >> i love the ring. >> clues to the split coming for months, the couple last seen in august. she posted this loved-up pic last month. mariah with her ex and kids last month. she told us about this and the

investigators say he slipped in through greece with the help of smugglers.licing of europe's external borders is left largely to individual nations, whose budgets and capabilities vary. >> (translated): so there's a gap, an abyss, and all the terrorists can rush in and easily circulate between europe, france, turkey, and of course syria and iraq. i believe it's one of the flaws of the european union: it has never been able to ensure the protection of our borders. >> (translated): it is completely porous. we are in a totally open system. they can use real papers, real fake papers, fake fake papers, real real papers. it's horrible, but that's how it is. >> narrator: abaaoud then took advantage of europe's open internal borders to travel freely from country to country. >> (translated): there are just no borders. there are none, clearly they do not exist. although we are under a state of emergency. there are none. we are not an island, we are on the european continent and the enemy is at our doorstep. he can come from either side-- by sea, air, and land. that is

what happened on the yacht in greece? >> now on "extra"! ♪ ♪ >> billion-dollar split.is off for mariah and james packer. the new report, something bad went down in greece and will mariah get to keep the $10 million engagement ring? >> i love the ring, yes.ring, y. >>> megyn kelly fighting for a $5 million raise? top-secret details leak out. >> what megyn told me about her future at fox news. >> one complaint i have about my current job is -- >>> the family trump. comes out swinging. >> you're still bringing that up? >> the question that set him off. what melania really thinks of hillary. >> and then, cgg

of the fall of greece and the rise of the roman republic. it was a philosophy that argued that the world is pretty much hell and you just have to accept pain and suffering. it is good in and of itself. in kirk that was very much kirk. there's were stories about him i don't know how much you want to get it but there's famous stories about where he fell into a river once when he was canoeing and he allowed himself to sink to the bottom. he thought it was his time. it time. it didn't bother him at all. it was his time, he is going to go. all of his life he almost to the extent to had no fear of death. there was a very stoic attitude. i don't think it was just cultivated, i think there is something inherent in his personality as well. he could get very hot blooded at times but it was rare. he generally was very call, didn't show a lot of emotion. it came out in his writing but not his personality. that is his stoicism. >> host: what is a fabulist? >> guest: that's his scientific side. throughout the 30s and 40s science-fiction was regarded as so