November 30, 2010
Posted: 1330 GMT
Posted: 1330 GMT
Posted: 1329 GMT
Posted: 1328 GMT
November 25, 2010
Posted: 1203 GMT
In the third installment of 'The Boss' series, one of our CEOs ventures out to the Jersey Shores:
November 18, 2010
Posted: 1606 GMT
November 17, 2010
Posted: 1652 GMT
Britain's Prince William asked his girlfriend Kate Middleton to marry him
The role of royalty in a democratic age. Unelected, some believe unnecessary. But still loved, and revered by so many others.
The role of royalty in an austere age. Outdated and expensive, some critics might say. But for many the source of a welcome good news story. This week’s events in the UK are testament to that.
Royalty divides opinion. A select few born into a life of privilege. A life steeped in tradition, tangled up with history, national pride, rarely affording the chance of a “normal life”.
There’s no doubt the world’s monarchies are never out of the spotlight, and we lap it up. And it’s always been that way. Think of the age-old legends, the royals with blue blood, the princess so delicate she can feel a pea through 20 mattresses, the bleak Russian rumors of the missing Romanov sisters. Our fascination with the royals is as old as the sprawling dynasties themselves.
This week’s Q+A will be delving into this global obsession. Tune in Thursday to watch and leave us ideas for next week’s Q & A in the comments section (right underneath here).
November 12, 2010
Posted: 1430 GMT
It didn't look much like sleeping rough. But it certainly felt like it.
More than 400 people slept out in a covered market in the heart of London's financial district to raise money for one of the city's main homeless charities, Centrepoint. There was food, drink, live music, even the odd famous face. There were cardboard boxes, and sacks to sleep on, and everyone brought a sleeping bag. But it's November, Britain is in the grip of some quite violent winds. And the one thing there wasn't was heating.
At around 2 a.m. I encountered a dilemma. My nose was in danger of going numb, but I couldn't find a way of covering it without cutting off my oxygen supply. I pulled my highly inadequate, fluorescent pink sleeping bag over my head, and hoped for the best.
A little while later, the dilemma spread to my feet. I had smuggled in a hot water bottle (hoping to avoid the ritual cries of "cheat" from the other participants) but it was now stone cold. Adding more socks would involve several moments of facing the elements minus sleeping bag. Again I found myself unprepared to make this decision, and opted for doing nothing.
The night ended, much as it had started. With a decision. To go to work, or not to go to work. I knew the whole point was to go. To see what it was like to live on little or no sleep and to take on the same challenges – just with a lot less strength. This was the one decision I made, and made right.
Sub-zero temperatures aside, I'd be lying if I said I didn't enjoy this experience. It was highly organized, safe, and luckily it was a novelty. I'd also be lying if I said I experienced an epiphany about the life of a homeless person. I still wouldn't presume to understand what it's really like. But when I next see someone sleeping rough I might stop and wonder how many night-time dilemmas they encountered, and if they found a way out.
The Centrepoint Sleepout 2010 raised over $200,000 dollars to help young homeless people.
Posted: 1234 GMT
November 10, 2010
Posted: 1937 GMT
We buy GOLD
by Ali Velshi
Gold is back in vogue; and, perhaps the gold standard is next. I'm talking about a monetary system whereby central banks value their currencies to a fixed weight of gold. That's the system we had in the United States until Presdient Richard Nixon took the U.S. dollar off it in 1971. Since then, the Federal Reserve has managed the money supply by swinging from raising interest rates and pulling back buying up debt to printing money and lowering rates depending on the Fed's read of the economic situation.
Now, World Bank president– and former high official at the U.S. Treasury– Robert Zoellick says we need to go back to some sort of gold standard to guide currency movements involving the U.S. dollar, the euro, the British pound, the Japanese yen, and China's currency, the renminbi. Zoellick's system would employ gold as the international reference point on inflation and deflation levels, and of course, currency values. The advantage of a gold standard system is long-term price stabilty; it limits the power of governments to go out print money whenever it wants to.
And, as we go into the G20 conference in Seoul, that message will become more attractive, as big exporters like Germany and China blast the U.S. Fed for injecting 600 billion dollars into the financial system. As German finance minister Wolfgang Shauble puts it: "It's not consistent when the Americans accuse the Chinese of exchange rate manipulation and then steer the dollar artifcially lower with the help of their printing press."
The Americans wouldn't have that luxury under a gold standard system. The question is would the U.S. be willing to cede that authority to gold?
Tune in Thursday at 2pm EST and 2000 CET for Quest and Ali's Q&A-style news quiz this week? Watch it unfold and take a bet on who will wint this week's Q&A.
November 9, 2010
Posted: 1109 GMT
Last week, Richard beat Ali in a test of smarts about quantitative easing and whether the government should add more money to the economy. What should Quest and Ali debate Thursday on this week’s Q&A? Post your topic suggestions here.
November 4, 2010
Posted: 1554 GMT
The Bank of England also has done quantitative easing
First a big cruise liner…now a big economic gamble. The U.S. Fed’s decision to print an extra $600 billion takes America and the rest of the world into unchartered territory. We know why Bernanke did it. To try and stop deflation from undermining the U.S’s fragile recovery. But it’s a risky business, and we don’t yet know if it will pay off. On this week’s Q&A, Quest and Ali do battle over just how exactly you create money from nothing, and whether it can end the economic downturn. Tune in tonight, Thursday to watch and leave us ideas for next week’s Q & A in the comments section (right underneath here).