Page 4 - Con Strints Them News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rising gas prices. the other piece of this which people don't really talk about is about for the average family energy prices in total are down in large part because of natural gas which a lot of things rely on heating the homes has become incredibly cheap. energy prices a as a percentage of the tip cam family's income. as you can see it is a lot lower than it has been in the past few decades and even than it was a few years ago. let's begin here. no one likes paying more at the pump. as we recover that will be inevitable. tensions in the middle east are part of the story, a lot of the gop can...

Badly. they are relying on a taxpayer's subsidy to do that. >> we are also in the new world because it is true that the savings and loan debacle was something news people thought about a lot. the public was outraged for 20 minutes, 25. we moved on because there was than the kind of technology we have now where there can be something like occupy wall street where there is an anger stoked and kept going by something ordinary people can see on their screens all the time. and it can be made into an us versus them kind of narrative that gets people really upset. in this new world, the culture could...

Forever and extend them for two years. after two years paid for either with spending cuts or offsetting tax increases. everyone internally the knew that means -- going away. congress will never dig up the $2 trillion it takes to pay for them. proposes that -- white house budget director peter orszag gets excited about it and wants a meeting in the oval office with the president to discuss it. they finally give him the meeting. they lay it out. intrigue bid this and asks a lot of questions. he's very encouraging and intrigued by the political benefits as well as the substantive benefits and thi...

Better one. when you say speculation you have a certain nefarious image of snidely whiplashes. sitting in the corner. figuring out how to gain or to man up late the energy markets in order to drive it higher. if you are, in fact the owner of a pension fund or if you are the -- manager of a college endowment, chances are you have been part of the problem contributing to a higher energy prices. if you have any kind of money manager or private wealth management firm or involved with pimco you have been involved part of the problem in driving energy prices higher. in many ways, the villain that we...

Talked about culture changes. oftentimes culture changes in response to the actual conditions of the business, would that rule change a business enough that the culture swro to follow? >> yeah. i think there's -- will's something to that. the extent to which the banks can evade the volcker rule still very much an open question. i mean, they -- you know, people on wall street screamed about the fact that the rule reflected this misunderstanding between, you know, what the firm does and a lot of what appears to be trading and appears to be betting for their own book is market making and it is wh...