De Austerity News Today

Especially after the 1990s period of low oil prices, a lot of violations, et cetera, et cetera, this was a part of that policy. >> and also in terms of interest, right? the oil venezuela sold to the u.s. never stopped, right? no matter what he said -- >> stopped one time and stopped during the oil strike. >> right, right. but under chavez. >> i mean, this is where americas funding chavezs revolution. >> theres symiosis there, too. >> its amuzing to watch those clips and less amusing, as you say....

We need more staff, more electronics, we cant keep up. 15,000 e-mails coming in. e-mails are almost useless sometimes, and i hate to tell people that, but the hill is overwhelmed beyond comprehension. theres a lot of good people there but they are beyond overwhelmed. >> this is how lobbyists bills get through. they dont have the time. they say, legislate this. they say, okay. >> the hill is fundamentally overwhelmed by the breadth of issue and the staff, i love them, but they are quite young, qu...

The bank takes your home. you havent missed a payment. if you did that to your neighbor, you go to jail for stealing their home. you cant just take peoples property for no reason, right? 20 times this happened. this is all servicers. and the servicers rules, cfbp, i have a lot of admiration, they look weak. they look like theyre not up to the task. and it prompts the question, if the cfpb cant get good rules in place for servicers, who have been one of the most toss toxic aspects, what hope do q...

Oversimplification but there are some lines like nationalization and price controls which you saw in chavezs venezuela, youve seen a little in arrange tina under the kirchn. r, especially recently versus private markets and high levels of taxation redistribution that youve seen in lulas brazil. and the brazil model has been very successful. extremely successful. again, thats partly because of commodity prices have gone up. they export a lot of ethanol, they export a lot of soy. but i wonder what...

Expenditures -- >> austerity. >> austerity parties that were very hard on the population. so, we see increasing inequality in a region that traditionally had very high levels of inequality. >> the backlash in liberalism and imf program called structural adjustment at the time which imf said, we will write down your debt, forgive your debt, write down your debt if you dot following, which is balance budgets, cut social services, et cetera. is that your understanding of this sort of reaction in li...

Fundamentally you outsource expertise, delegate authorities but you cannot delegate leadership. when you see a problem, get off the sidelines and get into the game and fix it. if we had much more of that across the republic, frankly, a lot of these problems would be a little easier to solve. >> leadership is not a long-term sustainable solution to these problems. if the problems are incentive structure, imbalance of power. its how you change it. i think how you -- im really worried about the aff...

Of austerity and liberalism, reaganism on steroids, 7% per capita. add to that the serial -- building volatility into the system. so 2008 in mexico, 2002 in argentina and what emerged are social movements that turned latin america into the vanguard of the socialization movement. >> another thing weve seen is inequality reduced, right? you made this point. thats partly because commodity prices have gone up but partly because there was an egalitarian agenda of those aelectricitied. lula, chavez, k...

To make. one is a lot of times in the financial service community, the bills coming out of republican side and sometimes democratic side are straight out of lobbyists e-mails. >> verbatim. >> drafting the questions, the bills, going back and forth. im curious to know if that was the case -- >> i charged oversight subcommittee. they came to me and others and said, you need us? what for? >> ofeo -- >> i cant remember -- >> acronym? >> yes. its congressional speak. sorry, i had a flashback. they ov...

Brazil had a lot of foreign investment. still continues to have. but countries like chile that used to become left wing, thats not any more, probably would have again, uruguay and brazil are countries where theres moderation in discourse. tremendous distribution is really associated to the fact they have a political system where they have opposition from the right where voters cannot be moved in the same way as in the other countries. and there has been no kind of collapse of the party systems t...

Bayer advanced aspirin blocks pain at the site. try the power of bayer advanced aspirin. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out of the back of a van. dude, thats your life. remember, aflac will give him cash to help cover his rent, car payments and keep everything as n...