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Jul 5, 2012
07/12
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can keep cool, as europe's troubles heat up. >> reporter: central bankers from europe, england, and china moved to give their respective economies a boost on the same day, within the same hour. and, don't forget just a few weeks ago, ben bernanke and company moved to keep long-term rates low longer. so, investors are now wondering whether all of the action suggests world leaders finally have a grand plan to rescue the global economy or, could it be the slowdown is worse than we originally thought? economists say it's probably a bit of both. >> there is a big problem. it's why we see central bankers around the world putting stimulus in place. i think there's a recognition certainly in europe that action needs to be taken. so, that's a good thing. >> reporter: after the european central bank trimmed rates today, e.c.b. president mario draghi raised the economic red flag, noting the downturn was spreading. he said "we can genuinely say that this measure is addressed to the whole of the euro area and not only specific countries." against a back drop of weakening global economies is it even po
can keep cool, as europe's troubles heat up. >> reporter: central bankers from europe, england, and china moved to give their respective economies a boost on the same day, within the same hour. and, don't forget just a few weeks ago, ben bernanke and company moved to keep long-term rates low longer. so, investors are now wondering whether all of the action suggests world leaders finally have a grand plan to rescue the global economy or, could it be the slowdown is worse than we originally...
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just offend europe and united states to skate take care of its issues i mean. decouple i think that i think there's certainly a need for greater security integration in europe particularly look at the expense we have a lot of countries now in europe are cutting back on that force is already too much duplication so i'd really like to see some kind of uniform unified security for force in europe but i think it's also important to look at nato whether we got them the successes or failures we talk to and nato interventions but i come back to this point there's a lot of things that happened in the world which nato manifestly didn't we didn't get involved in to give just one example to rwanda and genocide so obviously the security setup we have in the world at the moment isn't meeting its needs and that's why i think we need this new infrastructure this is new texture to be able to meet the needs of the world of the modern world george what do you think about that would you like to. let me go to georgia or would you like to see need to expand i don't think it's a que
just offend europe and united states to skate take care of its issues i mean. decouple i think that i think there's certainly a need for greater security integration in europe particularly look at the expense we have a lot of countries now in europe are cutting back on that force is already too much duplication so i'd really like to see some kind of uniform unified security for force in europe but i think it's also important to look at nato whether we got them the successes or failures we talk...
WHUT (Howard University Television)
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Jul 24, 2012
07/12
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WHUT
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and economically for europe those reforms need to be more financial support, if you leave europe, will is, there is a good way to think about the challenge if you lead europe to the edge of the abyss and leave it just teetering on the edge of financial disaster, it will be much harder for the strategy to work. >> rose: some say the chancellor merkel believes she can always come in and rescue at the last moment. >> that's right. >> rose: and that's her operative philosophy. >> that's right. now, to speak in her favor, as a strategy, she is very worried about is that if they relieve too much of the pressure, the incentive for reform will fade, and they will have spent a bunch of the taxpayer's money in germany without any real return to make europe work better, so he is right to be worried about that, if you were in her shoes you would think the same way, the balance is if you leave europe on tej of the abyss as your source of leverage your strategy won't work because you will raise the ultimate cost of the crisis, much more expensive to fix and you a lot of damage to the politics of tho
and economically for europe those reforms need to be more financial support, if you leave europe, will is, there is a good way to think about the challenge if you lead europe to the edge of the abyss and leave it just teetering on the edge of financial disaster, it will be much harder for the strategy to work. >> rose: some say the chancellor merkel believes she can always come in and rescue at the last moment. >> that's right. >> rose: and that's her operative philosophy....
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Jul 11, 2012
07/12
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process of discovering in europe. and that's high growth the last couple of years. and start for example this year. the other thing is we're not really strongly represented in some of the economies that are weakened. so we have a small business in italy. our business is concentrated in the uk and ireland, and france, and coming stronger. i think as a result, our overall performance in europe has been pretty darn good. >> susie: it looks like a repeat of m.f. global, but this time, the fraud appears to be smaller. more than $200 million in client money is missing from p.f.g. best, the futures brokerage firm. federal regulators today sued the firm and its chairman russ wasendorf, sr., for misappropriating client funds and submitting phony bank records for at least the past two years. the national futures association froze p.f.g.'s accounts late yesterday, after the company reported wasendorf had attempted suicide. he remains in critical condition. we spoke with wasendorf back in november as the futures industry was grap
process of discovering in europe. and that's high growth the last couple of years. and start for example this year. the other thing is we're not really strongly represented in some of the economies that are weakened. so we have a small business in italy. our business is concentrated in the uk and ireland, and france, and coming stronger. i think as a result, our overall performance in europe has been pretty darn good. >> susie: it looks like a repeat of m.f. global, but this time, the...
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Jul 21, 2012
07/12
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they talk about the overall economy, and europe. a lot of people say banks would lend to people, but only to people who don't need money with really great credit. so they're very risk averse. >> i think it's fair to say this is a lolt lot of regulatory clogs, and giving people jobs writing rules. hard to judge that. >> susie: and more rules to come. the one thing that people at home want to know is has the way of dog business in the banks and the financial institutions khiefrjed? as the culture changed? what is the attitude toward taking risk? has that changed? what's your sense? what are you hearing? has the culture changed? >> that's a great question. here's what i was told today. banks when they look at making investments and decisions they start to think about regulations. some say good, they're being more careful. they're thinking about what they can and can't do, and maybe after what we've been through, we want banking to be a quiet boring business again. other people say no, like the ceos are saying it's innovation. the real
they talk about the overall economy, and europe. a lot of people say banks would lend to people, but only to people who don't need money with really great credit. so they're very risk averse. >> i think it's fair to say this is a lolt lot of regulatory clogs, and giving people jobs writing rules. hard to judge that. >> susie: and more rules to come. the one thing that people at home want to know is has the way of dog business in the banks and the financial institutions khiefrjed? as...
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Jul 23, 2012
07/12
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per se, but europe. >> europe, right. horrendous, horrendous. >> one more footnote on the penn state headline. a four-year bowl ban. >> yes. >> postseason ban, saw that. >> assuming they could get into a bowl. >> how do you recruit knowing that your whole time -- >> the money stops. >> and a reduction in scholarships as well. 10 initial and 20 total scholarships for a four-year program. >> lake a division three. a major program. >> simon is at the business travel convention in boston. we'll check in with him. a lot more on that front. we'll talk about bankruptcies and thomas horton of amr will join us as well. one more look at futures on what's looking like a very tough day. an implied opening of 200 points to the downside. a lot more "squawk on the street" is back in a moment. i look at her, and i just want to give her everything. yeah, you -- you know, everything can cost upwards of...[ whistles ] i did not want to think about that. relax, relax, relax. look at me, look at me. three words, dad -- e-trade financial consu
per se, but europe. >> europe, right. horrendous, horrendous. >> one more footnote on the penn state headline. a four-year bowl ban. >> yes. >> postseason ban, saw that. >> assuming they could get into a bowl. >> how do you recruit knowing that your whole time -- >> the money stops. >> and a reduction in scholarships as well. 10 initial and 20 total scholarships for a four-year program. >> lake a division three. a major program. >>...
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australia and if this is to be ratified by six of those parties europe will not be a part of it europe is considered as one entity the main a concern really here is the loss of freedom and just more monitoring from authorities in favor of those people lobbying commercially for the intellectual property rights of their climbing especially for example the entertainment industry is not for individual for people who are using the internet what they want here is simply freedom to do what they what they see as a very democratic platform and so millions of people had signed on directly emailing any peace sign a petition to the petitions committee here in brussels arguing that the potential benefits of this act of bill of wanted to bring through is far outweighed by the damage that it could bring david martin who was steering this act to bill in the parliament had actually said that the devil in this case is in the lack of detail it was so vague that it is indeed passages opens the floor for interpretation of possible jailing of individuals and so he says that the european parliament is simply
australia and if this is to be ratified by six of those parties europe will not be a part of it europe is considered as one entity the main a concern really here is the loss of freedom and just more monitoring from authorities in favor of those people lobbying commercially for the intellectual property rights of their climbing especially for example the entertainment industry is not for individual for people who are using the internet what they want here is simply freedom to do what they what...
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bad pretty much that i've seen coming out of europe indicating that the. solution or at least the pretending that there was a sustainable solution has once again run out as we knew would happen we see spanish field spiking we see the i.m.f. saying hey maybe we want out a greece is in is you europeans have your other funds all set up and ready to go and those are just a few of the headlines but what about the ones that you haven't seen widely reported might shed lock has been diving into those he's investment advisor for sick of pacific capital and he is going to tell us all of this really good dirt that you need to know that that somehow is escaped the headlines because probably there's just so many already thanks so much mike said locke mishra being on the show today. oh pleasure to be back on the show lauren how are you doing really well it's nice to see you you look very happy given how much bad news is coming out of your ass but maybe that's because you've largely been right about europe all along and here are some indications that are kind of on the p
bad pretty much that i've seen coming out of europe indicating that the. solution or at least the pretending that there was a sustainable solution has once again run out as we knew would happen we see spanish field spiking we see the i.m.f. saying hey maybe we want out a greece is in is you europeans have your other funds all set up and ready to go and those are just a few of the headlines but what about the ones that you haven't seen widely reported might shed lock has been diving into those...
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Jul 15, 2012
07/12
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CNNW
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it's still unclear what's going to lap in europe. >> right. >> and if europe blows up, then that is going to explode a lot of business plans of a lot of companies. it's not a bad idea -- >> this is brilliant because we have to take a break. and when we come back, we will discuss whether europe will blow up, whether there will be another oil hike. stay tuned. we actually have the answer. we'll be back. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. last season was the gulf's best tourism season in years. in florida we had more suntans... in alabama we had more beautiful blooms... in mississippi we had more good times... in louisiana we had more fun on the water. last season we broke all kinds of records on the gulf. this ye
it's still unclear what's going to lap in europe. >> right. >> and if europe blows up, then that is going to explode a lot of business plans of a lot of companies. it's not a bad idea -- >> this is brilliant because we have to take a break. and when we come back, we will discuss whether europe will blow up, whether there will be another oil hike. stay tuned. we actually have the answer. we'll be back. [ male announcer ] citi turns 200 this year. in that time there've been some...
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Jul 2, 2012
07/12
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CNBC
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pmis in the euro zone and europe. remember, last week, european stocks finished at a 7-week high, close to summit on friday. it's not a bad week. a pretty poor quarter. 4100 up 1.1% last week. but on the quarter, down over some 3.4% last week on the quarter. the tax down 7.6% below. it was up 2.4% last week. that was certain hi goily goinga focus here. the quarter down 11.3 pnt. slightly lower today. the last quarter down 6% despite gains of last week again 2%. bond yields, we have seen literally after those pmis come down in spain. spanish bond yields down at 6.25 this morning, so still feeling the benefit after being up 7% in the last week. 10-year yields, u.k. manufacturing pmis coming out in just under half an hour's time. this is where we get great cuts and more qe from the bank of england when they suggest that banks should throw off or use some of the excess reserves. the best one-day gain results on friday. not quite there at the moment. 126.30. but still at the range. the yen, not much reaction today to use t
pmis in the euro zone and europe. remember, last week, european stocks finished at a 7-week high, close to summit on friday. it's not a bad week. a pretty poor quarter. 4100 up 1.1% last week. but on the quarter, down over some 3.4% last week on the quarter. the tax down 7.6% below. it was up 2.4% last week. that was certain hi goily goinga focus here. the quarter down 11.3 pnt. slightly lower today. the last quarter down 6% despite gains of last week again 2%. bond yields, we have seen...
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Jul 5, 2012
07/12
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economy rather than europe? >> think of the trouble the president of the united states got into from saying that the private sector is doing a lot better than the public sector. he was telling the truth. the private sector is doing dramatically better. let me just give you a few an deck dotal examples. homes are selling very quickly in seattle, phoenix, scranton, pennsylvania and other places around the country. so homes are selling. inventories are way down. home builders are building. it takes 6 to 12 months from ramp up. remember, housing starts worth 320,000 were last year in a 315 million person population. that is such a deep depression in housing. it's going to take 6 to 12 months to ramp that up. if you back out the loss of jobs at the municipal level we're doing fine. in fact, the united states is paradise compared to the rest of the world. people should not upestimate the recovery that will make. i would remind everyone in may warren buffett said when housing comes back, you'll be shocked how much unem
economy rather than europe? >> think of the trouble the president of the united states got into from saying that the private sector is doing a lot better than the public sector. he was telling the truth. the private sector is doing dramatically better. let me just give you a few an deck dotal examples. homes are selling very quickly in seattle, phoenix, scranton, pennsylvania and other places around the country. so homes are selling. inventories are way down. home builders are building....
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Jul 15, 2012
07/12
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it's still unclear what's going to happen in europe. >> right. >> and if europe blows up, then that is going to explode a lot of business plans of a lot of companies. it's not a bad idea -- to keep money on your balance sheet. >> we have to take a break. when we come back we will discuss whether europe will blow up. whether there will be another oil hike. stay tuned. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> we are back with zanny minton beddoes of "the economist,"" zachary karabell, chrystia freeland, and larry kudlow. zanny, the thing about europe that surprises me is everybody says it's going to blow up. and somehow it doesn't. i mean, things are a mess, bond yields go up, it's harder for them to borrow, and there has v to be some emergency -- at
it's still unclear what's going to happen in europe. >> right. >> and if europe blows up, then that is going to explode a lot of business plans of a lot of companies. it's not a bad idea -- to keep money on your balance sheet. >> we have to take a break. when we come back we will discuss whether europe will blow up. whether there will be another oil hike. stay tuned. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult...
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Jul 11, 2012
07/12
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europe. those who tipped the scales in favor of one side lose the other. >> more than 12,000 legal challenges have been lodged with the court. plaintiffs feared germany is giving away too much power to brussels. >> we do not want people like you and i, voters in germany, to wake up tomorrow to find that we are allowed to vote for german parliament, but that parliament has ceded key elements of laws governing budgets to europe. >> the court has invited a large number of experts to assess the case. the german government is represented by the finance minister, who warned that the markets could lose confidence if the new bailout fund is delayed. >> i am please we are having this hearing, and i hope that through a thorough examination of the case, the constitutional court will issue its ruling soon. >> first of all, judges have to decide if the federal president is allowed to sign the laws already passed by parliament. if so, they could come into effect, even if the court were to rule later that t
europe. those who tipped the scales in favor of one side lose the other. >> more than 12,000 legal challenges have been lodged with the court. plaintiffs feared germany is giving away too much power to brussels. >> we do not want people like you and i, voters in germany, to wake up tomorrow to find that we are allowed to vote for german parliament, but that parliament has ceded key elements of laws governing budgets to europe. >> the court has invited a large number of experts...
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Jul 11, 2012
07/12
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let me give you some examples of what is happening in europe today. britain, a lot of people don't know that. britain has today around 60 official sharia courts. and one of these courts settled an inheritance dispute involving a man whose estate had to be divided between his children, and that sharia court in britain gave the sons twice as much as the daughters in accordance with the koranic pronouncement that a woman is only worth half of a man. and in my own country, the netherlands, sharia is being applied. i know it's hard to believe, but sadly it's very true, and, that ladies and gentlemen, is a disgrace. in our civilization, men and women are equal before the law. [ applause ] ladies and gentlemen, please make no mistake. islam is also coming to america. indeed, it has already arrived. your country, too, is facing a stealth jihad, an islamic attempt to introduce sharia law bit by bit by bit. islam demands already in america today separate campaign housing for muslims. islam demands that women have separate hours in gyms and swimming pools. schoo
let me give you some examples of what is happening in europe today. britain, a lot of people don't know that. britain has today around 60 official sharia courts. and one of these courts settled an inheritance dispute involving a man whose estate had to be divided between his children, and that sharia court in britain gave the sons twice as much as the daughters in accordance with the koranic pronouncement that a woman is only worth half of a man. and in my own country, the netherlands, sharia...
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Jul 11, 2012
07/12
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this europe, this europe is on the verge of disappearing. in each one of our cities both an italian author shortly before
this europe, this europe is on the verge of disappearing. in each one of our cities both an italian author shortly before
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of the rise of notions of extreme nationalism in europe on the. emotions of a number of the four terrible fascist. regime so that so the less there is a historical lesson there is that there is a great danger that develops i don't see is by any means being. simple i think the difference between now and then is that democratic culture democratic institutions are much stronger in europe than they were before the second world war so i'm confident i'm hopeful that european democracy can subodh its current crisis do you think talking about democratic institutions to think that a politician with anti-democratic means could rise to power through those democratic institutes what that that's exactly what happened in the case of hitler didn't it and that's what happened in a number of other countries in europe but before and all through the second world war so it's it's a distinct possibility that it will be a challenge it will be a test of western democracy western democracy but european international democracy kind of. the challenge of a kind of nationals
of the rise of notions of extreme nationalism in europe on the. emotions of a number of the four terrible fascist. regime so that so the less there is a historical lesson there is that there is a great danger that develops i don't see is by any means being. simple i think the difference between now and then is that democratic culture democratic institutions are much stronger in europe than they were before the second world war so i'm confident i'm hopeful that european democracy can subodh its...
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Jul 24, 2012
07/12
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KQEH
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what's the real danger in europe now? >> well, the interesting thing is the last two weeks, the market went from focussing on the macrostory to the microstory, basically looking at earnings which actually have been better than expected, hence the market kind of grinding up higher. now, on friday as earlier you're mentioning in your program, valencia, one of the regions in spain is basically asking for a bailout from the larger spanish government. this is nothing new. if you just look back a couple of months back, one of the largest banks in spain, b bancia was partially nationalized. the markets in essence had just switched gears and foe kiss on the micro, and are looking back and realizing that the situation in spain has really not been resolve and we're dealing with the same structural issues we have been for the last couple of years. >> susie: you know, investors everywhere knew the situation in europe is not over and i think what's really worrying everybody is that the view that spain got this big bailout on friday, a
what's the real danger in europe now? >> well, the interesting thing is the last two weeks, the market went from focussing on the macrostory to the microstory, basically looking at earnings which actually have been better than expected, hence the market kind of grinding up higher. now, on friday as earlier you're mentioning in your program, valencia, one of the regions in spain is basically asking for a bailout from the larger spanish government. this is nothing new. if you just look back...
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well it's it's a late stage phenomenon it feels to me in the western world where if we look at europe and the us exclusively. these are these were the powers that emerged in the second world war and there they emerged and strengthened throughout the ensuing decades because they were relatively free market societies and the us has been a free market society for a long time. so as those economies have progressed they have become. a lesson free market oriented to the extent that the zero eight crisis opens the door to government manipulation on a monumental scale so instead of doing what a healthy organism would do which is to say ok i got up i took a trauma blower i got sick i'm going to just heal instead of keeping dosing ourselves the governments have been involved in in sending bailouts to every possible place they could send a bail out running up that's the process they have been manipulating almost every single credit market whether it's sovereign debt whether it's the debt financial institutions whether it is. mortgage debt now student loan debt and the list goes on and on and on
well it's it's a late stage phenomenon it feels to me in the western world where if we look at europe and the us exclusively. these are these were the powers that emerged in the second world war and there they emerged and strengthened throughout the ensuing decades because they were relatively free market societies and the us has been a free market society for a long time. so as those economies have progressed they have become. a lesson free market oriented to the extent that the zero eight...
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Jul 9, 2012
07/12
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this europe, this europe is on the verge of disappearing. in each one of our cities both an italian author shortly before she died in the year 2006, in each one of our cities there is a second city, a state within the state, a government within the government, a muslim city, a city ruled by the koran, end of quote. and perhaps many americans see immigration as something which is inherently good for our country. since i know it contributed in the past so much to the united states, but while most of the former immigrants to the united states came from europe, a continent with the same judeo-christian heritage and roots, europe contemporary immigrants do not share, do not share our common roots. on the contrary. the islamization of our society today in europe is undermining that same western judeo-christian values. and i'm not talking about the threat of terrorism of violence alone. there is also the phenomenon of non-violent jihad. europe's increasingly assertive islamic lobby has successfully pressured european politicians into implementing p
this europe, this europe is on the verge of disappearing. in each one of our cities both an italian author shortly before she died in the year 2006, in each one of our cities there is a second city, a state within the state, a government within the government, a muslim city, a city ruled by the koran, end of quote. and perhaps many americans see immigration as something which is inherently good for our country. since i know it contributed in the past so much to the united states, but while most...
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Jul 24, 2012
07/12
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CNBC
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just today, ups and dupont did a but-for, and you could only wish they could asterisk europe, as if europe somehow doesn't count towards earnings because it's dragging down both the tops and bottoms line. ups, which was the most negative i have heard of any company, because they were the precursor to last year's decline. they didn't have a good word to say about asia either. they're talking about business falling off a cliff. even mcdonald's had to talk about how you needed a super super value meal to attract diners. in germany, a value meal isn't enough? get a super value meal. mcdonald's sited the ennui in europe for the reason for the slowdown. customers final understand things aren't coming back anytime soon. this is burgers and fries we're talking about. unlike europe in the united states, though, the genuine chinese politicians, yum brands has echoed the negativity. yum's sales weren't as robust as they were and neither were the sales of mcdonald. of the tree sets of politicians, the europeans, american and chinese, the communist recognize the imperative growth of capitalism to provi
just today, ups and dupont did a but-for, and you could only wish they could asterisk europe, as if europe somehow doesn't count towards earnings because it's dragging down both the tops and bottoms line. ups, which was the most negative i have heard of any company, because they were the precursor to last year's decline. they didn't have a good word to say about asia either. they're talking about business falling off a cliff. even mcdonald's had to talk about how you needed a super super value...
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Jul 1, 2012
07/12
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CNNW
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centered over europe right now. what are leaders doing over there to prevent it from hitting our shores? you might be surprised. some things actually happening in europe that could dissipate that storm. stay with me. every communications provider is different but centurylink is committed to being a different kind of communications company. ♪ we link people and fortune 500 companies nationwide and around the world. and we will continue to free you to do more and focus on what matters. ♪ with the hundreds i saved at progressive, i'm out here, giving a little refill relief. are you on empty here, tyler? yes, actually, i honestly am. well, we're going to fill 'er up with savings. with the hundreds i saved at progressive, this tank is on me. if i ever find the bird that did this to your car... i am tickled! i don't know what to say! thank you! a hundred, a hundred and one ways to save. this really happens, huh, guys? >>> all right. so i got up on friday morning. i had no idea that they were going to really come to so
centered over europe right now. what are leaders doing over there to prevent it from hitting our shores? you might be surprised. some things actually happening in europe that could dissipate that storm. stay with me. every communications provider is different but centurylink is committed to being a different kind of communications company. ♪ we link people and fortune 500 companies nationwide and around the world. and we will continue to free you to do more and focus on what matters. ♪ with...