Bush administration and later jared cohen set the precedent due to the deaths of their predecessors. Enjoy book tv now and over the weekend on cspan2. Starting out on book tv World Affairs Institute Distinguished fellow joshua project discusses the views of socialism. Thanks to jeff and charles for the hospitality. And as alluded to, this is quite an august group including im afraid a number of people who know as much about the subject asi do. Im going to do my best to leave plenty of time for giveandtake around thetable. The book, socialism is in the airright now. The book is first of all a history and im going to quickly set the history and then spend some minutes on whats happening today and then we will have a backandforth or around the table. So the term socialism was coined in the 1820s and 30s by the followers of a small group of thinkers, british and french who were not out to overthrow governments but had ideas of a Better Society of sharing and also had the quite good idea th
Leave plenty of time for a giveandtake around the table. Socialism is in the air right now but the book first of all is a history i will quickly set the history then spend some minutes and then we can have a back and forth. So socialism was coined by the followers of a small group of thinkers the british and french they were about to overthrow governments who had ideas of sharing and also have the quite a good idea the way to get there was to demonstrate the validity of their ideas. And they created through the mid 18 hundreds 40 or 50 of these experimental communities mostly in the United States even though these visionaries were europeans. Why in the United States . Its easy to get land and because the social mores were much more fluid and their ideas were taken seriously. Perhaps the most important was robert oh when he announced he was coming to the United States to create a community to demonstrate the validity of his ideas and was taken tremendously seriously he commissioned an a
Tenyears popped to a little past 183 after the big of the sell off selloff for bonds oil up 19 in the last four days. Ahead of the jobs report friday. Adp, lighter than estimates. It is official staples buying office depot, 6. 3 billion. An Office Supply giant created but questions on antitrust. Earnings from gm disney chipotle stocks making big moves in the premark. Futures falling, the morning after the rally which the dow jumped 305. S p nearly wiped out all of last months prices. Oil prices pulling back following surge. Wti crude above 53. Ahead of the jobs numbers friday. Adp said private sector added 213,000 jobs in january, below forecast although december payrolls were revised higher just another macro data point that failed to impress, at least, markedly to the upside. Eurozone retail numbers Third Straight best in seven years chinese stimulus program, very real. Im absolutely convinced, once again, the reason weve been having this rally is because of overseas. Can oil pull ba
Why would the United States break from the Gold Standard in 1933 . In 1944, World Leaders designed a blueprint for a new International Monetary order a an dependent upon the strength of the american dollar. What led to the collapse of the heralded Bretton Woods agreements . 2002 a new cuencywent into circulation in 12 countries of the European Union. Would the w eu challenge the dollar as the worlds reigng currency . In a global marketplace, our economy depends on the International Value of the dollar. It affects how much weay for foreign goods and w we our exports sell overseas. Xcnge ras what ithe wo isolr wowithhe helofcomics analyst richard gill welexamine that questio onhis edition of economics u a. Im davischoumacher. It is only in recent years at excnge scould ry from y toay. Generaons, exchangeates were fixedancuencies freelycoertie ol to cast aside the edictability of the fixed Exchange Rate systemwas coidered moren unusua it was nearly unthinkae. Why enin 1933, woule uniteds
The level. I think well probably see that sooner than that. I know you guys on the floor and a lot of traders out there follow the s p more than the dow. Yes. Its a tradeable index. Its what youre watching. But the dow itself has just been hovering around this 14,000 level and just cant get anything going beyond that point. At what time do you say maybe we arent going to all time highs soon . Im not going to say that yet. I think we will see alltime highs. I think well see it this week. And if we have a close above the alltime high, thats also a good sign. And i think well probably see that this week also. Im still very bullish. But it is like waiting in the meantime. Absolutely. But it is what it is. You know . Yes, it is. Thank you, peter costa. And we are going out with a gain of 35plus points on the Dow Jones Industrial average. This will be the secondest highest close ever for the dow. And were now about 40 points away from an alltime high. Could we do it tomorrow . Lets talk abou