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in st petersburg at that time it was a military institute of mechanics. so i got my first degree in technical sciences. deviously in the somebody. you know when i was a schoolboy also drew and i was actually quite good at it and everybody thought that i would become an art. or an architect. but i became a journalist because i had this realization that i will need to provide for my family and that artists always die penniless. do you ever have any regrets do you have a thing that you should have done something. you know. well you know i love art and even though my cost was not a test take i still attended classes in my school with. you also love music too and yes every wednesday we would spend the whole day in the art room together with students watching them draw. we would always go together to all arts i was a bishop had in st petersburg. so art has always been a big part of my life. all right let's move on to politics now. you're one of russia's top officials recently you refused to attend this session of the parliamentary assembly of the council of eur
in st petersburg at that time it was a military institute of mechanics. so i got my first degree in technical sciences. deviously in the somebody. you know when i was a schoolboy also drew and i was actually quite good at it and everybody thought that i would become an art. or an architect. but i became a journalist because i had this realization that i will need to provide for my family and that artists always die penniless. do you ever have any regrets do you have a thing that you should have...
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operate within the business industrial enterprise which is of course the driving mechanism of all values and institutions we have so the figureheads you know the elections the presidents the congress they serve as tools for lack of better expression to perpetuate the real driver of our economic system which is the monetary market economy itself and those are values that are there confused people and they think that when they go into a voting booth and elect somebody that they're going to actually change something but if you look at the historical record which unfortunately many have not especially since the beginning of america very little changes occurred really when it comes to the election of any single individual or they can. the actions of the congress or whatever parliament institution what have you in this just a cool element is lost unfortunately i'm not this isn't projection to say that oh it's just to be cynical say it doesn't matter if you vote this is proven right so the effect of these elections is not given the correct gravity because it's very small i'd say maybe ten percent is how effecti
operate within the business industrial enterprise which is of course the driving mechanism of all values and institutions we have so the figureheads you know the elections the presidents the congress they serve as tools for lack of better expression to perpetuate the real driver of our economic system which is the monetary market economy itself and those are values that are there confused people and they think that when they go into a voting booth and elect somebody that they're going to...
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Oct 27, 2012
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with a complicated system of decision-making in europe, institutions and mechanisms and procedures are less readable from our citizens at the time when we need to draw together. there are also a few more key principles for the reforms. first we need to build the institutional michael framework on the treaties. on the community treaties we must have integration area as the basis for strength and our current era. we must ensure the existing and future members and they must respect the entirety of policies connected at the level of the current very same 20 member states of the european union, particularly integrity of the single market. president, honorable members, let us not forget that beyond the banking supervision of responsibilities, were speaking particular about msf. not expect those governments are we thinking about the need for investments to promote growth and jobs. to contribute to support for the instrument for the level. once again, the soviet critical test to this policy. due to the summit, they were very important message regarding greece at the level government. in fact,
with a complicated system of decision-making in europe, institutions and mechanisms and procedures are less readable from our citizens at the time when we need to draw together. there are also a few more key principles for the reforms. first we need to build the institutional michael framework on the treaties. on the community treaties we must have integration area as the basis for strength and our current era. we must ensure the existing and future members and they must respect the entirety of...
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Oct 2, 2012
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mechanisms there. united nations security council is not able to get its arms around syria. we could go on. these institutions seem to be having problems. there was a lot of talk about the g 20 as the mechanism for dealing with global economic crises. we have come away from the 20 is it too many and we do it in back rooms the way it was always done. the institutions are week. then there's the component you introduced in your comment in terms of the united states. the bill also referencing the concept that the u.s. had some power in these institutions because of the example it set and the principles it upheld. after the financial crisis, the french, the germans, the chinese said that this was clearly a corrupt system and they are not managing the system. obama came in and said he was going to handle international things differently and respect international law. there's a whole new set of questions there. we of problems with the institution that would have problems with our ability to lead within them. i was just wondering what your reaction was to one or both of those issues. >> there are two things i will sa
mechanisms there. united nations security council is not able to get its arms around syria. we could go on. these institutions seem to be having problems. there was a lot of talk about the g 20 as the mechanism for dealing with global economic crises. we have come away from the 20 is it too many and we do it in back rooms the way it was always done. the institutions are week. then there's the component you introduced in your comment in terms of the united states. the bill also referencing the...
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Oct 7, 2012
10/12
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not necessarily a tool for a subversive activity if the mechanism is exploitable it could be turned against them. >> by 12 thain the hudson institute and 10 for organizing the event also our were presenters josip you are a hero and inspiration to all of us. [applause] and adrienne is a front-line freedom fighter pursuit of freedom of the second two quenching once appetite hearing the stories that melanie has written about how fortunate we are to live and with so much freedom but it comes with a responsibility. melanie has outlined our responsibility and the cause for human rights. when i was working for president bush he gave me a book the he had just read col the aquarium's of p'yongyang. i hope president obama gives this book to everyone in his staff certainly everyone involved with asia policy. for policymakers and important book to understand the dimensions of the tragedy. thank you for coming today >> she showed that throughout come and when i talk to one of the actresses who portrayed her, she said since i was her age when i played the part, i think which is the confidence of youth, as someone my age i would be very scared ag
not necessarily a tool for a subversive activity if the mechanism is exploitable it could be turned against them. >> by 12 thain the hudson institute and 10 for organizing the event also our were presenters josip you are a hero and inspiration to all of us. [applause] and adrienne is a front-line freedom fighter pursuit of freedom of the second two quenching once appetite hearing the stories that melanie has written about how fortunate we are to live and with so much freedom but it comes...
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Oct 2, 2012
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mechanical skills, but they did not have the same sense of urgency. especially in helping homeowners. there were very focused on these very large financial institutions. tavis: there is another story of a big meeting. but coverage on this program. everybody would call it the big meeting. the tarp funding. i will let you tell the story, but i was blown away by the first question. the country is being told that these institutions, if they fail, the country fails. you'll have this emergency meeting in washington. the first question -- >> i cannot remember the exact -- the question that stood out was the most outrageous, he just sold himself to bank of america. he was worried about compensation. he was worried if there were born to be strictions on his compensation if he took the bailout money. merrill lynch was in pretty bad shape. it was unbelievable to me. tavis: how was this going to impact my executive pay package? >> it was reflective of the attitude, the entitlement attitude. we are the big important rich guys and we're of this compensation. where the center of the economy. it really makes me angry. i do think it is not that unusual in this wall s
mechanical skills, but they did not have the same sense of urgency. especially in helping homeowners. there were very focused on these very large financial institutions. tavis: there is another story of a big meeting. but coverage on this program. everybody would call it the big meeting. the tarp funding. i will let you tell the story, but i was blown away by the first question. the country is being told that these institutions, if they fail, the country fails. you'll have this emergency...
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Oct 12, 2012
10/12
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use it to respond and to address its critics and not have to invent other new kind of institution or legal mechanisms to do so. advocates to the question of a better transition we are looking at you. i think that was a real interesting way of framing the issues. you are next, thank you. >> thank you. well, good morning, ladies and gentlemen. when asked to discuss algeria under the rubric of changing politics in a new era, my heart sinks because of course it's baking the question that things are significant change in algeria. is a changing a lot, really? or not much? if not, and i'm going to do is not changing very much, i want to address the question what's holding this up. i think the west has been impatient without your the last couple of years. algae is the bad pupil, the one that any in his essays on time. it's the exception to the arab spring. of course, i expect most of you to be familiar with the stock answer to question why the extension, and i won't spend time on that. i want to address a different set of issues, to do with the obstacles to change and the missions in the -- all missions that
use it to respond and to address its critics and not have to invent other new kind of institution or legal mechanisms to do so. advocates to the question of a better transition we are looking at you. i think that was a real interesting way of framing the issues. you are next, thank you. >> thank you. well, good morning, ladies and gentlemen. when asked to discuss algeria under the rubric of changing politics in a new era, my heart sinks because of course it's baking the question that...
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Oct 8, 2012
10/12
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not necessarily a tool for a subversive activity if the mechanism is exploitable it could be turned against them. >> by 12 thain the hudson institute and 10 for organizing the event also our were presenters josip you are a hero and inspiration to all of us. [applause] and adrienne is a front-line freedom fighter pursuit of freedom of the second two quenching once appetite hearing the stories that melanie has written abouthow ..
not necessarily a tool for a subversive activity if the mechanism is exploitable it could be turned against them. >> by 12 thain the hudson institute and 10 for organizing the event also our were presenters josip you are a hero and inspiration to all of us. [applause] and adrienne is a front-line freedom fighter pursuit of freedom of the second two quenching once appetite hearing the stories that melanie has written abouthow ..
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Oct 7, 2012
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founded a kind of natural way to operate through international institutions, through partnerships, client-base, all sorts of different mechanismsthat can generate cooperation. so in this next phase of american history, it seems like that's an asset that we should see them on. some people call it burden sharing, some people call it redistributing demrobal authority of government. but it is all there and part of leadership. in more demanding times, that is a strength. >> let's look at this in a constructive way rather than in a wringing our hands about decline or debating about whether decline is taking place. again, the next president takes office in january. faces all the problems enumerated, dysfunctional congress and all this. are there concrete steps that the government should take to reverse perceptions or counter perceptions that the united states is in decline in terms of its global influence? >> well, the most important one, by far, is attempting to heal the rift domestically. we in answer to your first question said what i think is the biggest saying more than the five areas tom talked about, which is that we have polit
founded a kind of natural way to operate through international institutions, through partnerships, client-base, all sorts of different mechanismsthat can generate cooperation. so in this next phase of american history, it seems like that's an asset that we should see them on. some people call it burden sharing, some people call it redistributing demrobal authority of government. but it is all there and part of leadership. in more demanding times, that is a strength. >> let's look at this...
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Oct 2, 2012
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proliferation that seems to be beyond the reach of mechanism the united nations security counsel has not been able to get the arms around syria. the institutions seem to to be having problems at beginning of the administration there was a lot of talk about the g20 for mechanism of dealing with global economic crisis. we drifted away from the 0. it's complicated. we do it on phone calls and the back rooms the way it was done. the institutions are weak. then there's the component you introduced in the comment here, in terms of the united states. it's not just glid locked politicking. it's also referencing something tom said the united states had some power in the institutions because of the example the principle it is unupheld after the financial crisis, the french, the germans, the chinese said that's it for the u.s. it's a clearly a corrupt system and they're not managing the system in terms of obama came in and said i'm going handled international things differently. i'm going to respect international law. we probably violated the sovereignty with drones and covert action than we did under brush and there's a whole new set of questions there.
proliferation that seems to be beyond the reach of mechanism the united nations security counsel has not been able to get the arms around syria. the institutions seem to to be having problems at beginning of the administration there was a lot of talk about the g20 for mechanism of dealing with global economic crisis. we drifted away from the 0. it's complicated. we do it on phone calls and the back rooms the way it was done. the institutions are weak. then there's the component you introduced...
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Oct 2, 2012
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somehow found it kind of natural way to operate through international institutions through partnership and states and all sort mechanism times, it seems like that is a strength the united states could rely on. >> okay. jeff, let's look at this in a constructive way rather than wringing our hand about decline. again, the next president takes office in january, faces all the problems that tom enumeratedded at home plus fiscal cliff and tax ma ged don and dysfunctional congress and all kinds of things. are there concrete steps the president can take as the principal foreign policy actor to reverse perception or counter the perception that the united states is in decline in terms of the global influence? >> well, the most important one by far is attempting to heal the risk domestically. we should have -- in answer to your first question, said what i think is the biggest change more the five areas tom taunted -- talked about that weakens us we have never been as politically polarized and divided. we never had a dysfunctional congress or as dysfunctional relationship between the two pennsylvania avenues. the biggest thing th
somehow found it kind of natural way to operate through international institutions through partnership and states and all sort mechanism times, it seems like that is a strength the united states could rely on. >> okay. jeff, let's look at this in a constructive way rather than wringing our hand about decline. again, the next president takes office in january, faces all the problems that tom enumeratedded at home plus fiscal cliff and tax ma ged don and dysfunctional congress and all kinds...
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Oct 11, 2012
10/12
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mechanisms. >> and let me plug that into another analogy, or just an insight into religion and education - may have used it, may not, but here, we'll use it again. education and religion - educational institutions are at the same time institutions of stability and control. at the same time, educational institutions are foundations for innovation, for transcendence - knowledge is an extraordinary power. and that's why we have these colleges and universities, so that people like me and my administrative buddies upstairs can control this very dangerous process. religion is exactly the same way - it's an enormous power. and so we ritually, we have this instinct, as you're bringing out, janet, is there's an instinct to want to use it to control and to have stability at the same time, just as knowledge is always going to create a transcendence it has to if it's real - the creation and extending of knowledge, which we ideally do at a university, is powerful stuff. well, the same thing in religion. let me jump onto these notes and then we'll get to you, barbara, because i want to do my civil religion notes, and then i'll feel like i've made my money and i've contributed to the stability and control of
mechanisms. >> and let me plug that into another analogy, or just an insight into religion and education - may have used it, may not, but here, we'll use it again. education and religion - educational institutions are at the same time institutions of stability and control. at the same time, educational institutions are foundations for innovation, for transcendence - knowledge is an extraordinary power. and that's why we have these colleges and universities, so that people like me and my...
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Oct 24, 2012
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institute. >> every paragraph can be contended. >> hockenberry: willie soon is an astrophysicist who studies the sun and stars. >> ...a mechanism to transport anything from the tropics to the arctic... >> they cannot fit northern hemisphere and southern hemisphere... >> hockenberry: and fred singer, the veteran scientist at these proceedings. he's a retired physicist once responsible for government weather satellites, who tells people the climate needs no help from worried humans. >> climate, to me, has become a non-issue. it's a phantom issue. there's nothing wrong with climate. it will change no matter what we do. it'll get colder, it'll get warmer. we just have to wait a little. >> hockenberry: singer says he's dedicated to explaining his theories about global warming. what keeps you going? what's your motivation? >> basically i like to see good science being done and protected. i think i'm fighting here for scientific truth. that's important to me. >> hockenberry: do you think the science is being hyped on global warming? >> oh, very definitely, yes. >> hockenberry: armed with that conviction, this team of skilled political me
institute. >> every paragraph can be contended. >> hockenberry: willie soon is an astrophysicist who studies the sun and stars. >> ...a mechanism to transport anything from the tropics to the arctic... >> they cannot fit northern hemisphere and southern hemisphere... >> hockenberry: and fred singer, the veteran scientist at these proceedings. he's a retired physicist once responsible for government weather satellites, who tells people the climate needs no help from...
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Oct 3, 2012
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mechanism there. the united nations security council hasn't been able to get its arms around syriac. we could go on with institutions they seem to be having problems. at the beginning of this administration there is a lot of talk about the g20 as a mechanism for dealing with the global economic crisis we seem to have drifted away from that. it's complicated. we do it on phone calls and backrooms the way that was always done. so the institutions are weak and then there's the component that you introduced in your comment here in terms of the united states and it's not just in grid lock politics. it's also referencing something tom said. the united states had power in the institutions because the example of the principles that were upheld, and after the financial crisis, the french and the germans and the chinese said that's it for the u.s. system. this is a corrupt system and they are not managing the system, but in terms of obama came in and said i'm going to handle an international things different from the predecessor and respect international law and we've probably violated the sovereignty of more nations under ob
mechanism there. the united nations security council hasn't been able to get its arms around syriac. we could go on with institutions they seem to be having problems. at the beginning of this administration there is a lot of talk about the g20 as a mechanism for dealing with the global economic crisis we seem to have drifted away from that. it's complicated. we do it on phone calls and backrooms the way that was always done. so the institutions are weak and then there's the component that you...
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Oct 17, 2012
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mechanism for why. it sounds like hollande believes the institutional framework is coming together for both a political framework, ie the banking union, although it is slower than expected, both for a macro economic policy solution with the program, that we haven't necessarily seen spain need to using but is already acting to keep a lid on yields in spain. sees those solutions as steps coming together towards a resolution. but again, there is another general greek strike scheduled for tomorrow. the real question is whether the social fabric of the eu supports the integration that the political leaders envisioned. >> the omg program. that's a good name for it. >> omt. i'm using too many initials. >> i thought it was the omg program. i think that hollande means the last crisis is over, but he's working on a new one, causing one himself. >> joe, you mean because he's pursuing more of a stimulus approach? >> no, 75% tax rate probably doesn't make a lot of people -- who's still living there? and corporations are probably going to leave, too. but the greek bonds -- >> if there's anywhere corporations are lea
mechanism for why. it sounds like hollande believes the institutional framework is coming together for both a political framework, ie the banking union, although it is slower than expected, both for a macro economic policy solution with the program, that we haven't necessarily seen spain need to using but is already acting to keep a lid on yields in spain. sees those solutions as steps coming together towards a resolution. but again, there is another general greek strike scheduled for tomorrow....
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Oct 14, 2012
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if the mechanisms are particularly affordable there may very well be a day when the phone network is turned against them. >> thank you very much. i want to thank the hudson institute i want to thank ken weinstein for organizing this event today. i especially want to thank our presenters, joseph, you're really a hero and inspiration to all of us here. [applause] >> adrian, likewise. it's been a front-line freedom fighter here. and as we know, the pursuit of freedom i guess second only to the pursuit of quenching one's appetite is really a natural human info. and hearing the stories that melanie has written about in her book really reminds all of us, that should remind all of us how fortunate we are here in the united states to live in a land blessed with so much freedom. but with that freedom comes a responsibility. and melanie has outlined for us our responsibility to become part of this cause to fight for human rights for north koreans. when i was working for president bush several years ago, he gave me, and several other members of his staff, a book you just read about north korea called -- i
if the mechanisms are particularly affordable there may very well be a day when the phone network is turned against them. >> thank you very much. i want to thank the hudson institute i want to thank ken weinstein for organizing this event today. i especially want to thank our presenters, joseph, you're really a hero and inspiration to all of us here. [applause] >> adrian, likewise. it's been a front-line freedom fighter here. and as we know, the pursuit of freedom i guess second...
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mechanism to make sure no seat can be dislodged. repairs on 40 of the 48 aircraft are complete with all 767s back in service by saturday they say. >>> is retirement making you fat? study from the instituteudies says retirement is connected to modest weight gain of two to four pounds. extra pound can make a difference on your wallet. obese people pay $800 a year or more in knelt care. >>> stocks continue upward trend off surprising drop in the nation's unemployment rate. 13,621. that's the latest from the fox business, giving you the power to prosper. lori: what should you be doing with your portfolio to insure that you minimize tax consequences especially you don't really know whether we'll fall off the fiscal cliff coming in january? liz claman is with a money manager in cleveland whose main focus is to ease the potential tax pain. >> you know what, lori? when you think about growing your money you think about what toys you might want to buy. how about this boat like the nautical queen? we come on the boat which toils up and down the cuyahoga river. how do you teflon your coat when it comes to tough economic times and make sure to have enough for retirement? let's meet one of the top m
mechanism to make sure no seat can be dislodged. repairs on 40 of the 48 aircraft are complete with all 767s back in service by saturday they say. >>> is retirement making you fat? study from the instituteudies says retirement is connected to modest weight gain of two to four pounds. extra pound can make a difference on your wallet. obese people pay $800 a year or more in knelt care. >>> stocks continue upward trend off surprising drop in the nation's unemployment rate....
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Oct 25, 2012
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mechanical thing changing the rules, voter i.d. -- >> pretty darn rare. >> so the vote stealing that is concerning to partisans would be overwhelmed by the normal human errors of the election. institute. both of your expert election watchers -- i am wondering if you talk about super pac's, the impact they have on the election? >> i cannot wait for the real autopsy when all is said and done about this. i said a little earlier -- the amount of money spent, especially on the republican side, has been astronomical. it is the main reason why mitt romney is not getting outspent battleground states. at the same time, flooding money is not always particularly helpful. first of all, no matter how smart these groups are, and believe me they are a heck of a lot smarter than outside groups you see, which used to be much more ideological. they had a cause, and it would spend a lot of thought -- money, even if it was some stupid thing -- they have to have more jello in schools. now they know -- they have their own media shops. this is how we move voters to our candidate. we have to help mitt romney even though we cannot coordinate with mitt romney. their focus is oftentimes completely different th
mechanical thing changing the rules, voter i.d. -- >> pretty darn rare. >> so the vote stealing that is concerning to partisans would be overwhelmed by the normal human errors of the election. institute. both of your expert election watchers -- i am wondering if you talk about super pac's, the impact they have on the election? >> i cannot wait for the real autopsy when all is said and done about this. i said a little earlier -- the amount of money spent, especially on the...
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Oct 9, 2012
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institution dysfunction is identified can be rectified. they are as a result not much of a threat. it's usually a mechanical analysis with a mechanical solution. if the officer to realize these problems do not exist, but i related to all the other problems that are finally rooted in the nature of american culture is held, in its dna so to speak, the prognosis not be so rosy, for a become clear there simply is no way out, that turning things out is not really an option at this point. to take just two examples, michael moore and norm chomsky, i admired him greatly. they've done a lot to raise in the united states. as foreign policy is pursued, debtors are worse, yet both of these men assume that the problem is coming from the top, on the pentagon and the corporations, which is partly true peer the problem is this rests on a tour full text just in. that is the belief that these institutions have pulled the wool over the eyes of the average american citizen, who is ultimately national and well-intentioned. i would say to them, get out and talk to some people, find out how accurate that is. so for them, the solu
institution dysfunction is identified can be rectified. they are as a result not much of a threat. it's usually a mechanical analysis with a mechanical solution. if the officer to realize these problems do not exist, but i related to all the other problems that are finally rooted in the nature of american culture is held, in its dna so to speak, the prognosis not be so rosy, for a become clear there simply is no way out, that turning things out is not really an option at this point. to take...
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Oct 31, 2012
10/12
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institutions undercapitalized taking excessive risk, having big losses, operating in a zombie form make marshall college in much less effective when you go into crisis. so the older transmission mechanismsto work. the fastening question, what would happen as we recover, if we assume we do recover. and how will that affect the ability of policy control the economy and the ability of the impact of various agencies will have an fiscal policies. on our fiscal cliff issues, i was a monarchy the destruction we're going to get from the tailspin after the election, around these issues, what i would worry about is not so much a direct impact on as much with the stock markets, much route with it will affect the efficacy. take the europeans and whatever your views of european risk and throw in a european risk globally. they are running into u.s. treasuries because we so destabilize expectations. that's what happened in the summer of last you. what's that going to do to risks that spread in france or italy or spain? our ability to damage the world shocks in the mix is very important to i think i still we might have become back to us through the financial system and how their impacts -- just to clar
institutions undercapitalized taking excessive risk, having big losses, operating in a zombie form make marshall college in much less effective when you go into crisis. so the older transmission mechanismsto work. the fastening question, what would happen as we recover, if we assume we do recover. and how will that affect the ability of policy control the economy and the ability of the impact of various agencies will have an fiscal policies. on our fiscal cliff issues, i was a monarchy the...
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Oct 8, 2012
10/12
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institution dysfunction is identified can be rectified. they are as a result not much of a threat. it's usually a mechanical analysis with a mechanical solution. if the officer to realize these problems do not exist, but i related to all the other problems that are finally rooted in the nature of american culture is held, in its dna so to speak, the prognosis not be so rosy, for a become clear there simply is no way out, that turning things out is not really an option at this point. to take just two examples, michael moore and norm chomsky, i admired him greatly. they've done a lot to raise in the united states. as foreign policy is pursued, debtors are worse, yet both of these men assume that the problem is coming from the top, on the pentagon and the corporations, which is partly true peer the problem is this rests on a tour full text just in. that is the belief that these institutions have pulled the wool over the eyes of the average american citizen, who is ultimately national and well-intentioned. i would say to them, get out and talk to some people, find out how accurate that is. so for them, the solu
institution dysfunction is identified can be rectified. they are as a result not much of a threat. it's usually a mechanical analysis with a mechanical solution. if the officer to realize these problems do not exist, but i related to all the other problems that are finally rooted in the nature of american culture is held, in its dna so to speak, the prognosis not be so rosy, for a become clear there simply is no way out, that turning things out is not really an option at this point. to take...
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Oct 26, 2012
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fail financial institutions undercapitalized taking the risk having big loss is operating in the form and made of monetary policy was effective when you go into the crisis said the mechanisms don't work. the fascinating question is what would happen as we recover assuming we do and i think we will recover and how will that affect the ability of the monitor policy to control the economy and the body or the impact they will have in the fiscal policy? on the fiscal cliff issues and the disruption from the political chaos after the election i would worry about not so much the direct impact on us but much more the stock market and how to affect other countries to take the europeans and through an increase in the premium globally because they're running into the u.s. treasury's because there were so destabilized that what happened in the summer of last year they are spread in france or italy or spain. our ability to damage is very important. i still worry about how the comeback through the financial system and impact of monetary policy i don't think anybody here is evil. they are just doing their job. >> thank you so much. [laughter] >> don't lawyers have a responsibility to adv
fail financial institutions undercapitalized taking the risk having big loss is operating in the form and made of monetary policy was effective when you go into the crisis said the mechanisms don't work. the fascinating question is what would happen as we recover assuming we do and i think we will recover and how will that affect the ability of the monitor policy to control the economy and the body or the impact they will have in the fiscal policy? on the fiscal cliff issues and the disruption...