Welcome to the second day of the policy conference. My name is ilan kolet. Im the head of inflation and Commodities Research at Fidelity Investments in boston. Today, we have the pleasure of hearing the latest views from World Bank President David Malpass. President malpass is the 13th president of the world bank group. A term he began last year. Prior to joining the world bank, he served as undersecretary of the treasury for international affairs, founded a Macroeconomics Research firm, and served as the chief economist at bear stearns. While many of us know him now as a policymaker, there is a very long history in private sector macroeconomic analysis. Yesterday, when i was chatting with a retired friend of mine, he mentioned that the best moderators are funny, fluid, and forgettable. With that, president malpass, the floor is yours. That was funny and fluid and everybody will remember it. So you failed. Well, ilan, im very pleased to be here. Ive got some notes, and then ive got som
Cbs and bay area, two suspects could face murder charges after a deadly laptop theft. Business owners say they are seeing more of these brazen crimes. Kpix 5s Wilson Walker is at the scene in montclair. Wilson . Reporter all police will say is that they have made two arrests, no identity on the suspects yet. All day long, people have been coming by here and paying their respects to the victim. This includes those who saw what happened. We do some pictures this morning to talk about it and get through it. I know they saw the blood on the street and everything and it is difficult to figure out how to process this. Reporter aaron and his two daughters were among those who left notes and flowers for the victims today. They were also eyewitnesses to yesterdays robbery. The getaway car sped right past them as it raced away from the scene. I made eye contact with the driver when he went to the intersection and i saw that he had a black mask on which i thought was peculiar. Reporter along with
Boats already merger as you discussed theres fewer and fewer competing Companies Competing with each other theyre all being consolidated into an oligarch play them in a monopoly and then they are taken private 70000000000. 00 deal largest private equity deal over those deals are going to need to become bigger and bigger will say 150000000000. 00 every 300000000000. 00 im sure Warren Buffett also Berkshire Hathaway in a 600000000000. 00 deal with some saudi prince at some point but its all being taken private and thats just another stepping stone along the way of that trend weve been talking about here for a few years and if theyre spending 70000000000. 00 and its not their money theyre borrowing that 70000000000. 00 or 7070000000000 dollars against the assets of walgreens boots i. E. The Pension Funds of all the employees the buildings in which walgreens lives theyll just sell it 6 all off pay themselves a huge dividend leave the 70000000000. 00 of debt with the public. Shareholders wh
Schwarzman no no he said blackstone k k r 10. 00 it travis exactly right so this plays into the steam of neo feudalism everything being taken private so what is i mean that means for example walgreens boats already merger as you discussed theres fewer and fewer competing Companies Competing with each other theyre all being consolidated into an oligarch played them in a monopoly and then they are taken private 70000000000. 00 deal largest private equity deal over those deals are going to need to become bigger and bigger will say 150000000000 dollars 300000000000 dollars im sure Warren Buffett also Berkshire Hathaway in a 600000000000. 00 deal with some saudi prince at some point but its all being taken private and thats just another stepping stone along the way of that trend weve been talking about here for a few years and if theyre spending 70000000000. 00 and its not their money theyre borrowing that 70000000000. 00 or 7070000000000 dollars against the assets of walgreens. Its the Pen
On those stories over on our website we will be back with full roundup of the latest world news in about an hours time right now though it is time for max and stacy with kaiser report. I am i skies are this is the kaiser report our markets are make a new all time highs interesting the money that is being forced into the. Markets like grain into the liver of a duck off farm it has to come from somewhere a lot less lets dig into the us a little bit more stacey yes as we always say the fed is feeding the ducks on their for farm over and over again but of course were in new york and one of the good things about being in new york as we always tell the audience we get to watch the cable news we get to watch our socalled competitors and there is no worry here you know i had id id actually rather have our competitors be better because it encourages us to be better but nevertheless also when were in hotels we get to see the Financial Times and you see all that the cable news except for kaiser r