Posts filed under “Video”
via the Onion
European Central Bank President Jean-Claude Trichet talks about the bank’s decision to cut its benchmark interest rate to 3.25 percent, the prospect of further reductions and the outlook for the euro-area economy. Trichet said he can’t rule out a further reduction in interest rates after today’s half point cut because the global financial crisis may lead to an extended economic slump.
00:00 Decision to cut rates by 50 basis points
00:52 “Substantial” alleviation of inflation risks
01:38 Confidence is “what is lacking the most”
02:11 Interest rates “good” for price stability
02:39 Next meeting of ECB policy makers
03:27 Options considered; next rates meeting
04:44 Global financial turmoil, ECB’s response
06:42 Euro-zone economic growth projections
08:25 Refinancing arrangements; currencies
Running time 10:01
Last Updated: November 6, 2008 12:39 EST
Trichet Says ECB May Reduce Rates Again Next Week
Ben Sills and Gabi Thesing
Bloomberg, October 27 2008
Nearly every sector of the financial world is mid-way through a painful unwinding of all things leverage. That’s right, I said nearly every sector. Triple-levered ETF funds have just launched and my guest blogger and investor Paul Kedrosky calls them ticking time bombs waiting to explode.
Why the market likes them, and Kedrosky hates them in the clip.
When Exchange Funds Go Bad
Yahoo Tech Ticker Nov 05, 2008 02:00pm
click for video
Steve Forbes, chief executive officer of Forbes Inc. and a former Republican presidential candidate, talks about U.S. President-elect Barack Obama’s top priorities, the possibility Paul Volcker will be named Treasury Secretary and outlook for an economic recovery.
00:00 Obama’s top priorities; Paul Volcker
01:35 Mistakes by the Bush administration
02:10 Potential stimulus package; tax proposals
04:04 Outlook for economic recovery
Running time 05:14
Steve Forbes Likes Volcker as Next Treasury Secretary
Bloomberg, Novermber 5, 2008
click for video
Barack Obama claimed the White House, saying his election as the first African-American president of the United States sent a message that “change has come” to a troubled nation.
“If there is anyone out there who still doubts that America is a place where all things are possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy, tonight is your answer,” Obama, 47, told more than 125,000 cheering supporters in Chicago.
A wave of discontent with Republican rule and the nation’s direction powered the Illinois senator to a sweeping electoral victory over Republican rival John McCain. Obama won at least 349 electoral votes, far more than the 270 needed for a majority and the most for a winner since former President Bill Clinton got 379 electoral votes in 1996.
The results should encourage “those who’ve been told for so long by so many to be cynical and fearful and doubtful about what we can achieve to put their hands on the arc of history and bend it once more toward the hope of a better day,” Obama said.
Americans spilled out on the streets in cities across the country to celebrate. Almost four hours after television networks called the race for Obama, people were still cheering and honking non-stop in Washington as thousands gathered by the White House, shouting Obama’s name and his campaign slogan of “Yes we can.” Some simply chanted “U-S-A.”
Back to work . . .
Obama Says His Choice as U.S. President Augurs Change
Ken Fireman and Kristin Jensen
Bloomberg, Nov. 5 2008