Conversation on Man-Made Crises
by
Professor Kenneth Arrow
Revered Nobel Laureate of Economics;Professor of Economics (Emeritus), Stanford University
Duration : 0:5:37
Finally a Realistic Way to Get Debt Relief
Conversation on Man-Made Crises
by
Professor Kenneth Arrow
Revered Nobel Laureate of Economics;Professor of Economics (Emeritus), Stanford University
Duration : 0:5:37
also check me out on http://www.facebook.com/PeterSchiff and http://twitter.com/PeterSchiff
Duration : 0:8:22
In which John explains the Greek debt crisis, which has pushed the Greek government close to defaulting on its loans, the reasons why the Euro zone and the IMF are desperately trying to bail Greece out, and what the rising cost of sovereign debt means for the massive budget deficits throughout the developed world.
Thanks to Karen Kavett at http://www.youtube.com/xperpetualmotion for the illustration.
Debt Chart: http://en.wikipedia.org/wiki/File:US_Federal_Debt_as_Percent_of_GDP_by_President.jpg
Duration : 0:3:49
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Options for people in debt
Duration : 0:19:14
April 27 (Bloomberg) — Austan Goolsbee, a senior White House economic adviser, talks with Bloomberg’s Betty Liu about today’s first meeting of the 18-member bipartisan debt-reduction commission. President Barack Obama, in a February executive order, created the body to come up with ways to cut the federal governments record debt and deficits that he said threaten to “hobble our economy.” Goolsbee, speaking from Chicago, also discusses the outlook for an overhaul of the financial regulatory system and Goldman Sachs Group Inc. (Source: Bloomberg)
Europe’s debt crisis spread its contagion to another country Wednesday when a major credit agency downgraded Spain’s credit rating, even as Germany grudgingly moved closer to bailing out Greece from imminent collapse.(April 28)
April 9 (Bloomberg) — John Brynjolfsson, chief investment officer at Armored Wolf LLC, talks with Bloomberg’s Carol Massar and Matt Miller about Greece’s debt crisis. European Union officials said they are ready to rescue Greece if needed as Fitch Ratings cut the countrys credit rating to the lowest investment grade and economists at UBS AG said that a bailout may be imminent. (Source: Bloomberg)
Greece has witnessed its most serious unrest over its economic crisis, as the country’s parliament passed an austerity package to help tackle the government’s huge debts. The clashes in Athens broke out as George Papandreou, the Greek prime minister, visited Berlin and held talks with Angela Merkel, the German prime minister. Nadim Baba reports from Berlin. (March 5, 2010)
ABC
March 26 (Bloomberg) — European Central Bank Executive Board member Lorenzo Bini Smaghi talks with Bloombergs Betty Liu about the International Monetary Fund’s involvement in a plan to assist Greece with its fiscal crisis. Leaders of the 16-nation euro region endorsed a Franco-German proposal for a mix of IMF and bilateral loans at market interest rates, while voicing confidence that Greece wont need outside help to cut Europes biggest budget deficit. (Source: Bloomberg)