Good morning. Welcome to the pulse. We are live from bloombergs European Headquarters. Francine to our top story, the ecb turns the screws on greece. The European Central bank announced that it will restrict loans to the nation. Guy that announcement came just hours after the greek finance minister met with the ecb president , mario draghi. Varoufakis meets with Wolfgang Scheibe today. Joining us now is hans nichols in berlin. This could be the meeting that everybody has been waiting to hear about. We thought draghi was going to be interesting. Scheibe is going to be fascinating. Hans he is going into this meeting and they appear to have consensus from their european partners. That is that greece should potentially stay in the bailout program. And if they leave, they will be consequences. They are not going to be able to use greek debt as collateral with the ecb. That is going to drive up there borrowing cost. They may face a liquidity crunch. What is greeces plan . Even if they get th
And thats about the cost of going there. 1 billion, huge amount of money. But if another country better wishes to contribute to a capital project, construction project, and were fortunate enough to get 59 or 100 million or 200 million gift that greatly outweighs the balance. But the bottom line is that im guilty as charged. We somehow should have found a better way and still need to balance shrinking the cost matrix, and some of bringing more revenue in. And not basing the revenue increase so heavily on tuition which is been the most obvious lever to pull for revenue. So yeah, we need to keep pushing. When i have run into people who want to contribute and dont have a specific idea what they want to do, my top order is top priority is always student aid because of my own background. But i didnt do enough, either on the cost matrix side or the revenue enhancement side. Before we leave because we getting out of time, id ask him this is a man who plays the flute and has played on stage wit
Reporter many have sign odd to the latest program, following on from a pledge an initiative the president put forward just last tuesday night in the state of the union, he wants them to treat the longterm unemployed differently than they were now when they look for a job. Our studies suggest and anecdotal evidence as well suggest that those that have been out of a job a year, six months or echeloninger, face discrimination, sort of a stigma, where employers and Human Resources departments look at the fact that there is a big gap in the time line there between their last nobody and the current time. And they sort of discriminate. In a very subtle way they throw out those or screen those resumes and those folks dont get a fair chance, so what the president has pr proposed here,e has ceos lined up, many will be here, walmart is here, visa is here, bank of america is here as well, they are going to revamp their hiring practices to try to eliminate that de facto, very subtle discrimination
A breath taking snapshot of a country on the brink. Soldiers of the Central African republic bad a man to death moments after the president promises peace and a touch of reality, a bionics hand allowing amputees to feel what they are holding. Good morning. Welcome to al jazeera america. Im stephanie sy. Nearly 1 Million People are waking up in the dark after another round of snow and ice caused massive Power Outages. Wednesdays storm brought down trees and powerlines leaving residents in nine states without electricity. The weather shut down schools and colleges, closing highways in new york and pennsylvania. It caused widespread delays and cancellations for air travellers. Airports in chicago, new york and other areas cancelled flights. Lets bring m maria. The storm hammered where you are. It certainly did. Im standing inside the cafeteria of a shelter in this area. 105 people stayed here overnight. Some will come in later to have breakfast. A third of those people are children. To gi
It is the first friday of the month. It is time for your monthly jobs report. The u. S. Labor department announcing september Unemployment Rate as, thats right, the government was shut down. Lucky for us we dont need them. We have to money experts of our own to fill you in on everything that you messed. My favorite economist this year. We also have hedge fund manager. And a fox business contributor. We are being serious about this. You can figure out the numbers on around. Adp report to my initial jobless claims. What do you think . Well, the various data points that we have for the private sector would indicate that the Unemployment Rate would stay about cstant. It would not move very much. Most of the jobs would continue to be part time and we would not create enough jobs to get people back to work in a way that we would like. Melissa in fact, it could have been even a slightly worse jobs report. If you look at, your private Companies Added 166,000. The publicsector government did no