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He sends his regrets as he was very much. Looking forward to the event, which is one of our signature gatherings of the year. Were here tonight to honor joseph henrik for his book the weirdest. People in the world how the west became psychologically peculiar and particularly prosperous. Weird stands for western educated industrialized rich and democratic and henrik explains how this part of the world the west came to lead the way in embracing markets and individual liberty. The book is a stunning accomplishment. And a testament to the power of culture to build prosperity. But before we hear mo...

Joseph henrik for his book the weirdest. People in the world how the west became psychologically peculiar and particularly prosperous. Weird stands for western educated industrialized rich and democratic and henrik explains how this part of the world the west came to lead the way in embracing markets and individual liberty. The book is a stunning accomplishment. And a testament to the power of culture to build prosperity. But before we hear more about joseph henrik and his research, i wanted to talk a bit about the hayek prize and what it stands for the prize comes with a 50,000 award which ma...

Coalition. Thousands of supporters of the ukrainian president stage a counterrally in kiev. Nelson mandela is finally, home. The cortage arrives just a short time ago at mandelas an cest tral village. A state funeral and private burial will be held on sunday. It has been another emotional day across the country. These people came out to see the cortage making its way to the village of kanu. Our correspondent live for us there in the village. The cortage, the procession arrived within the past hour. Give us an idea of whats happening now, even as the cameras are being taken away reporter its be...

Competition from Companies Making cheaper networking gear. Joining us is peterborough lows who covers cisco. Obviously the yost were not expected. Why now . There are probably people relieved because it was as high as 20 rumored. Now i think they are seeing emerging markets a lost a lot worse than they thought. Issues witho having phone carriers, about a third of their business, a very big market. There is a whole lot of change ahead of this company. Are struggling. They need to become more like google and facebook and change the infrastructure so it is less about Telecom Equipment that has to...

Who covers cisco. Obviously the yost were not these layoffs were not expected. Why now . There are probably people relieved because it was as high as 20 rumored. Now i think they are seeing emerging markets a lot worse than they thought. They are also having issues with phone carriers, about a third of their business, a very big market. There is a whole lot of change ahead of this company. Phone companies are struggling. They need to become more like google and facebook and change the infrastructure so it is less about Telecom Equipment that has to be tested and proven out over 35 years and be...