gorbachev and reagan. thatcher and reagan, whoever it was.en it away now because if you are the first year of gcse, you can say i did gcse and you are a lot younger than you are. anyway, i digress, but you know that when two leaders kick out all their advisors and their civil servants and even their press secretaries or whoever it might be, things are getting serious and you might actually get results. it's well worth them briefing that this was a private one—on—one meeting because it looks serious. it's not just it's notjust the british who believe that their political masters should not be let out on their own. they do say things which they cannot say in front of anyone else. they promised things. they promised things they cannot deliver. or they promised things that they will say something, like i've been in positions like this. you say something like i'm just telling you, ican do something like i'm just telling you, i can do that, but i can't take the blame for it. or don't push me on this one, because i really can't do it, but i could do

reagan thatcher so he had financial futures as in p. futures interest rates features that was the beginning of this he took financialization he took credit which is supposed to help the real economy to turn that into the product and turn that into the financialization of the economy with using these interest rates and now the interest rate protection that one would have if you are a bank and you want predictability were that rates going to be next year that is the underpinning for your entire portfolio of derivatives. like a farmer needs to guarantee prices for his crop right you need guaranteed interest rate for your profit your portfolio of derivatives which is what the product of the bank is if there is no way to value that because it goes in for interest rates are negative then effectively the value of the portfolio is 0 that's why that the flesh and story is so key because all negative interest rates are deflationary as i've said they don't create inflation they don't create economic growth they don't create tax revenues they are a

and top leader in the modern conservative movement, he along with margaret thatcher and ronald reagan were instrumental in winning the cold war and defeating communism. as a matter of fact margaret thatcher wrote jesse helms's record is a freedom fighter is unmatched. also well-known by -- by partisans. he and joe biden were very close friends and to this day joe biden still talks about his relationship with helms and we refer to in the archives some love letters joe biden and helms shared, were kind of unique. when helms announced his retirement, walter russell mead wrote in the wall street journal opinion section, quote, as senator helms prepares to sit down i cannot help but feel we are losing something all too rare in american policy. a man who consistently put principle before expediency, loyalty before ambition, and we could use a lot more like him. the admiration of the heritage foundation is very well documented. on october 6, 2000, in a letter to doctor former heroes if america is saved, heritage will have played an enormous role. finally, senator helms, mrs. helms too, not o

part of the community but sense the rise of monetization and the rise of neo liberalism under reagan and thatcher in that period we have only one solution to every single problem and that is to print more money and that of course means exactly what we're talking about here is that the worse it gets those who are caught the arsonists are getting paid more and more to be arsonists the more rapid these liberal elites in america burn the constitution the ground the more money they make. and the worse it gets at the bottom that's really important to this next article and it's from huffington post the glass floor is keeping america's richest idiots at the top elites are finding more ways to ensure that their children never run out of chances to fail they talked to richard reeves a brookings institution researcher and author of dream hoarders how the american upper middle class is leaving everyone else in the dust why that is a problem and what to do about it and a lot of it is because it's it's getting more panics because it is way more horrible in the bottom 95 percent now than it was back in 1970 and

he along with margaret thatcher and ronald reagan were instrumental. he was very instrumental in winning the cold war and defe defeating communism. matter of fact, margaret thatcher wrote, "jesse helms' record as a freedom fighter is unmatched." he was also well known bipartisan senator. he and joe biden were very close friends and to this day vice president biden still talks fondly of his relationship with helms and we refer to in the archives some love letters, really, that joe biden and helms shared that are open. we've put them on our website, that are kind of unique. but in 2001 when helms announced his retirement, walter russell meade wrote in "the wall street journal's" opinion section, "as senator helmets prepares to step down, i cannot help but feel that we are losing something all too rare in american politics. a man who consistently put principle before expediency, loyalty before ambition. in these qualities, we could use a lot more like him. and, of course, senator helms' admiration of the heritage foundation is very well documented. he and

he was top leader in the modern conservative movement and he with rocker margaret thatcher and ronald reagan were instrumental, very instrumental in winning the cold war in defeating communism. margaret thatcher wrote jesse helms's record as a freedom fighter is unmatched. it was also well-known, he and joe biden were very close friends and to this day joe biden still talks fondly of his relationship with helms and we refer in the archives to love letters joe biden and helms shared the on our website that are kind of unique. in 2001, when helms announced his retirement walter russell mead wrote in the wall street journal opinion section, quote, as senate or helms prepares to step down i cannot help but feel we are losing something all too rare in american politics. a man who consistently put sensible before loyalty, before ambition, in these qualities we could use a lot more like him. senator helms's admiration of the heritage foundation is well-documented. he and doctor former were good friends and in october 2000 in a letter he penned to doctor former he wrote if america is saved heritage

he was a leader, a top leader of the movement and he, along with margaret thatcher and ronald reagan were instrumental in winning the cold war and defeating communism. matter-of-fact, margaret thatcher wrote, jesse helms record as a freedom fighter is unmatched. he was also well-known as a bipartisan center. he and joe biden were close friends and to this day, vice president biden still talks fondly of his relationship with helms. and we refer to in the archives as love letters that joe biden and helms shared. we put them on our website. in 2001, helms announced --, walter reroll opinion, quote, asunder helms prepares to step down i cannot help but feel that we are losing something all too rare in american politics. a man who consistently put principle before expediency, loyalty before ambition and in these qualities, we could use a lot more like him. of course, senator house admiration of the heritage foundation is very well documented. on october 6th, 2000, he said in a letter to dr. fuller, he said if america is saved, heritage will apply to an american role for salvation. finally,

of 20we had this period years or so, reagan-thatcher, were the driving factor.eholders over shareholders, environmental issues, national security, income disparity, wealth disparity. noneconomic efficiency issues arising to the fore. for investors, that has real invocations. how is a company paying its workers? if i companies paying low wages, that is a risk factor that you need to look at an take into account. i think that becomes increasingly important for investors. mark: at the world bank imf meetings, there is talk that the world banks might want to impactr environmental are you beginning to do that when you have all your weight equities -- impact. are you beginning to do that when you evaluate equities? tony: it is something we look at when we evaluate a company. it as weo thing about integrate esg, but we don't have a deliverable, per se. alix: we are going to continue this conversation in just a bit. mark chandler and tony despirito will be sticking with me. coming up, helen qiao, bank of america merrill lynch chief china economist. this is bloomberg. ♪

he was a top leader in the modern conservative movement and he along with margaret thatcher and ronald reagan were instrumental to win the cold war and defeating communism. a matter of fact margaret thatcher wrote jesse helms record is unmatched. also it was well known as a bipartisan senator and him and joe biden were very close friends and to this day the vice president will talk fondly of his relationship with helms and in the archives we refer to those love letters that biden and helms shared that are open and they are on the website that they are unique. in 2001 when he announced his retirement, mead wrote in the wall street journal opinion section "as senator helms prepares to step down, i cannot see how it feels we are looking for something to wear an american politics of benefits principle first in loyalty before ambition and we could do a lot more like him. and of course senator helms admiration is very well documented in october 6, 2000 he said if america saved heritage there is the enormous role. finally i know they would be so proud not only be humbled by this lecture but also inc

friend of mine another journalist and we are talking about the leaders from that era, reagan and bush and thatcher, these are people with huge personalities whether you agree with them on the policy matter, and i was comparing them to the leaders that was five or six years ago and it seemed like they were so different from the world has changed so much, so i started to review a little bit what happened with reagan and gorbachev more than what i knew and i discovered the summit which is a quite particular missed approach as we will see. >> you mentioned the personalities of world leaders which as we all know today can be extremely important in understanding or maybe compounding. but a lot of the book also mentions and describes sort of the politics at home and surprisingly not just in the united states, which is after all democracy but in the soviet union, you talk about gorbachev and the powers that be but also the desire and the need frankly to develop the economy and the soviet union and for reagan it was politics politics coming upg midterm election cycle and the promise that he had brought to

he finds this could be a man that reagan, as margaret thatcher said, could do business with. he senses there's an opportunity here to move forward and perhaps end the cold war, and he wants reagan to meet with gorbachev, but he wants reagan to do it from a position of strength. and so when reagan announces intentions to build a strategic defense initiative, nixon immediately doubts the science of this. he doubts that the technology of it will ever work. but he loves the idea of using it for leverage in a negotiation. and almost from the beginning, he sees fdi as a key bargaining chip for reagan. later on, when gorbachev threatens to pull out of any further negotiations unless reagan abandons fdi -- remember reagan walks out. he says no. nixon helps come up with a solution. nixon suggests to bud mcfarland, reagan's national security adviser, quote: i feel very strongly that the president could pull off a real coup by formally offering to mutually share with the soviets the results of our research on sdi. this, he wrote to mcfar land, would undercut gorbachev's decision. he was

together to reenact the very dinner but this had economic impact to help elect ronald reagan and before that margaret thatcher she wasn't elected she was appointed by it was with english-language countries i looked it up in france it did get attention in france. [speaking french] did i say that right? they had a little epidemic in france but then they elected mitterrand which was the socialist president of france so the narratives have a patriotic element and of identity. you could define your life as a story of it as a patriotic american. you repeat stories of americans or close countries like australia. so home prices. the other is the great depression. we are just coming out from the great recession named after the great depression is very much on her mind so starting with home prices a huge boom in home prices in the united states and also the uk and other english-speaking countries in the early 2000's so part of this around 2005 reaching the peak in 2006 and then faded away and we are living in the aftermath. what caused that? one thing now i can digitize text and phrases to see how common they were i've

the try hunt was now in full bloom this was the post thatcher post reagan era the capitalist west was celebrating its triumph. i had this absolute conviction and when i have a conviction i can get tenacious i was always very frank and not everybody liked that but i was fortunate enough to be independent so i could just go home if i didn't want to continue which most people couldn't. but she didn't go home boil commuted between hamburg and berlin. pushing up the pace of privatisation. under big of oil the toy had to became what it is now famous and infamous for a mass privatisation agency. the numbers rose rapidly and only 2 or 300 companies were privatized in the whole of 1990 and even then mostly following inquiries from west german investors but by 991 there were 100 privatizations a month more. than city fans and this was the phase in which the toy had completed the majority of its work the staff understood that the toy just wanted to plow through at a breakneck pace and get it all over and done with success that was what be a good boy wanted and. we have one single objective to be

in the end the time was simply ripe for change though margaret thatcher chancellor presidents reagan and maternal and the pope were all working in their own way to bring down the iron curtain. and that's what we managed to do. and what was your role i joined them through. the year before for the 1st time in history a paul had also become pope. john paul the second's words do not fear if you want to change your life acted like a wake up call when the pope visited his homeland 10000000 people turned out to see him. first up the era of communism was coming to an end thanks in part to solidarity. by him too much but today's poland is deeply divided and spring 2019 solidarity celebrated 30 years of the round table another democratic polish agreement with this container in front of its door but there were no congratulations from the national conservative government it was busy helping people like farmer albert blood left. we are now in eastern poland where most people are churchgoers with big families. here and ship you talk a village of 2000 inhabitants everyone votes for the governing co

he hosted everyone from ronald reagan to the dolly llama to as you can see here margaret thatcher.e are 1505 episodes of the show and were in the process of digitizing all of these shows and making them available online so people can enjoy and also use for scholarship. now we're looking at a rare photograph and this comes from the william collection. he's very interesting man who was at the office of strategic services and was one of the prosecutors and his job was to put in files of high-ranking nazis. he's actually the personal photograph album (inaudible) who was hitler's foreign minister and the picture show him signing the naughty certificate and then also those pictures you will find stalin. he looks very happy in this picture and is acquiring half of poland from this pact. it's very rare to see them all in one place and they were superstitious about how they were hunted by the circuit police. here it hoover we have a wonderful collection of the cold war and it's very interesting items during the period and it's a large oversight scrapbook that documents the life and exploits

thatcher. i looked up to the gipper ronald reagan as a hero.ut my life changed when i truly understood what my parents had lived through. because my father was a great athlete. he was on the national crew team for hungary when he was arrested by the communists and they never broke him. so he was a great bear of a man, he loved to swim, and on that day as i was sitting on the sand with my g.i. joe's he came out of the ocean, this amazing figure of a man, and i looked at him and i saw something i hadn't realized before. he had these lines on his ribs, these white lines. i knew he was far too young to be wrinkled on his wrists. so like a foolish child i asked him, hey, dad, what's that? without skipping a beat, no emotion, he responded, well, son, that's where the secret police bound my wrists together with wire behind my back so they could hang me from the eiling of the torture chamber. that's when my life changed forever. why? because from that sentence onward, i knew at a deep, deep is l in my soul that evil in the at evil exists hearts of men,

reagan to bomb. in tripoli that killing in a berlin discotheque by what he thought was good after his agents mrs thatcher in those days simply quietly said ok if donald trump wants to bomb iran as is former national security adviser john bolton rather did then they would fly from their bases in britain we worry about sovereignty and exit europe but we have these bases in britain are entirely american well. basically shows we have some kind of. carrier for the united states brazil is increasingly being seen as a proxy for u.s. foreign policy your client former president has been offered the chance of freedom by brazilian prosecutors. why do you think they've. not taken it because there are strings attached what has been discovered since his my view wrongful conviction is that the judge who is now mr bowles rose minister of justice reward was in fact deeply involved in prosecuting the man he was actually try and watch as the from whistleblower things do emerge from whistleblowers a lot of e-mails between the judge and the prosecutor the judge telling the prosecutors what to do if the case comes to court wh

i grew up under marg raaret thatcher and looked to ronald reagan as a hero, but my life changed whenlived through because my father was a great athlete. he was on the national crew team for hungary when he was arrested by the communists and they never broke him, so he was a great bear of a man. he loved to swim and on that day as i was sitting on the sand with my g.i. joes he came out of the ocean, this s mazing figure of a man, and i looked at him, and i saw something i hadn't realized before. he had these lines on his wrists, these white line, and i knew he was far too young to be wrinkled on his wrists. so like a foolish child i asked him, hey, dad, what's that? without skipping a beat, no emotion, he responded, well, son, that's where the secret police bound my wrists together with wire behind my back so they could hang me from the ceiling of the torture chamber. >> that's when my life changed forever. why? because from that sentence onward, i knew at a deep, deep level in my soul that evil is real. that evil exists in the hearts of men and it walks the earth. it's not a word tha

i grew up under margaret thatcher, looked to ronald reagan as a hero.e team for hungary when arrested by the communists. they never broke him. he was a great bear of a man who loves to swim. on that day as i was sitting on the sand with my g.i. joes he came out of the ocean, amazing figure of a man. and i looked at him and i saw something i hadn't realized before and had the lines on his risk, these white lines and i knew he was far too young to be wrinkled on his wrist. like a foolish child i asked him hey, dad, what's that? without skipping a beat, no emotion, he responded well, son, that's where the secret police bound my wrists together with wire behind my back so they could hang me from the ceiling of the torture chamber. that is when my life changed forever. why? because from that sentence on word i knew at a deep deep level in my soul that evil is real. that evil exists in the hearts of men, and it walks the earth. it is not a word that is just related to or reserved for mythological stories or children's stories about witches and dragons and mag

reagan to bomb. in tripoli that killing in a berlin discotheque by what he thought was good after his agents mrs thatcher in those days simply quietly said ok if donald trump wants to bomb iran as is former national security adviser john bolton rather did then they would fly from their bases in britain we worry about sovereignty and exit europe but we have these bases in britain that are entirely american well. basically shows we have some kind of a. carrier for the united states brazil is increasingly being seen as a proxy for u.s. foreign policy your client former president has been offered the chance of freedom by brazilian prosecutors. why do you think they've carried him wise you're glad he's not taken it because there are strings attached what has been discovered since his my view wrongful conviction is that the judge who is now mr bowles rose minister of justice reward was in fact deeply involved in prosecuting the man he was actually try and waters them from whistleblower things do emerge from whistleblowers a lot of e-mails between the judge and the prosecutor the judge telling the prosecutors w