Charlie Rose

vongleichent  02/28/2012 12:14 PM Report

Good for them on being so bullish on Africa. With the presence that they already have this is going to give them an advantage in decades to come.

futurevisionaries  04/22/2011 12:10 PM Report

BOB ,

Can you help or know of people or companies that can help?

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My name is Kent G Anderson .

I see where 12 years of my life's work and ideas can help all people in all countries. My goal is to share the global Brand FUTURE... Future is design like a country and people's ideas are the global product. For more information about me and global people FUTURE google Kent G Anderson. My web page is www.futurevisionaries.com .

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milmntec@btinet.net

robdverity  04/09/2011 04:55 PM Report

Good stuff JMM. Anarchy really is overdue. It would be no more radical than the pillage and plunder the financial wise-guys pulled. The bridges and underpasses are testament. They shouldn't have been able to pull it off. Especially and ironically in the USA. They've fouled our nest and ideals.

JMM  04/08/2011 06:49 PM Report

The Robin Hood Tax Campaign site leads to the World Development Movement site, and on WDM there is an article about food speculation and Barclays is mentioned as the market leader. Goldman Sachs and Morgan Stanley are mentioned too. In fact, April is the month to protest to try to stop Barclays from profiting on hunger. Their AGM is on April 27th.

The quote Charlie mentioned is on the Robin Hood site, but the blog is provided by World Development Movement:

“There was a period of remorse and apology; that period needs to be over.”

The notorious quote by Barclays' chief, Bob Diamond when he appeared at the House of Commons Treasury Select Committee a few weeks ago. His appeal for us all to move on and not linger on the role of the banks in the financial crisis was insulting to every person who is paying the price of bankers' greed as the reality of government cuts unfold each week.

And it’s not just in public cuts that we are feeling the pinch. Food prices are going up and the banks are behind this too. Since the financial crisis, speculators have poured in over $200 billion into food markets. Prices have now surpassed the levels they reached during the global food crisis in 2008 where there were widespread food protests in more than 20 countries. High food prices is one of the key drivers of UK inflation as reported last week as well as contributing to recent unrest and protests in Algeria and Tunisia.

Food price rises hit those on the lowest incomes the hardest – both here in the UK and globally. For the poorest people in the world, food price hikes are not just about paying a bit more on the weekly shop, it means facing hunger and malnutrition. It means selling possessions, giving up 'luxuries' like education and healthcare to afford basic food which costs more than a day's wage. It’s a downward spiral of starvation and poverty.

Other factors such as the impact of climate change and demand for biofuels are causing a gradual upward movement in food prices; but these dramatic and sudden price increases have been driven by financial speculators who are betting on rising food prices.

Historically, food derivative markets were tightly regulated to stop non-food players, like investment banks and hedge funds, from speculating excessively on food prices. But from the 1990s onwards these regulations have been eroded through lobbying by the financial sector.

We are now teetering on the edge of another bank-driven crisis. The banks are still behaving in ways that threaten the availability of food for millions living in poor countries as well as destabilising the wider economy for us all. And that’s why we can't just draw a line and move on - we need to campaign for effective regulation to stop banks from causing another food crisis that will hit millions across the world.

The US has taken action to stop excessive speculation on food prices. Over here, the European Commission is drafting similar proposals for regulation and has launched a public consultation on them. This is an important first step on the legislative journey for these proposals and the only stage where the public can directly input their views. The responses to this consultation will be dominated by the likes of Bob Diamond and his friends who will be pushing for weak regulation so they can continue to make excessive profits from betting on food prices.

To counter the voice of the financial lobby, we at the World Development Movement have launched an urgent e-action to respond to the consultation.The European Commission needs to hear from as many people as possible that bankers can't carry on playing havoc with food prices and speak out on behalf of people on low incomes everywhere struggling to afford basic food.

robdverity  04/08/2011 05:25 PM Report

JMM - sounds like a good concept - on the name alone. I'm for answering the call to class warfare the big banks declared ruining our economy. Some Arab spring type anarchy would be great on Wall St. We deserve what we tolerate (a la the Arabs).

JMM  04/08/2011 02:22 PM Report

This is from the Robin Hood Tax Campaign website about who is behind it:

The Robin Hood Tax campaign started as an idea. People loved it. We became a movement. And we're still growing.

We're committed to reducing poverty and tackling climate change by taxing financial transactions.

We believe it's time to rewrite the contract between banks and society.

We are charities, green groups, trade unions, celebrities, religious leaders and politicians.

We are world leaders – President Sarkozy of France, Chancellor Merkel of Germany, Prime Minister Zapatero of Spain, among others.

We are businesspeople – FSA Chairman Lord Turner, financier George Soros, entrepreneur extraordinaire Warren Buffet.

We are economists – Nobel Prize winners Joseph Stiglitz and Paul Krugman, Earth Institute Director Jeffrey Sachs and 350 other economists from across the world.

We are 232,000 Facebook friends, and tens of thousands of people taking action around the UK. We are over 115 organisations, including charities like Oxfam, Barnardo’s and Friends of the Earth, all the major trade Unions and faith organisations such as the Salvation Army.

We are part of a movement of campaigns in more than 25 countries around the world with millions of supporters.

We are a force to be reckoned with, and we're demanding justice.

Are you?

JMM  04/08/2011 02:19 PM Report

The Guardian has an article on Jamie Dimon's 51% increase in pay last year, and the article leads to the Robin Hood Tax campaign website. First time I've heard of it.

http://robinhoodtax.org/

JohnGelles  04/08/2011 06:43 AM Report

Martin Wolf, Financial Times and British Keynesian authority, just finished.

He mentioned Bob Diamond (whose tenure at the top of Barclays is only a few months old) as, in my view, a person far below Wolf in importance -- among leaders of Keynesian and venture capitalist thought in Europe and the World.

Their importance may be equal or different -- what counts to me is that both are wedded to luxury market capitalism --and they are woefully neglectful of necessities economics.

Wolf, to his credit, wants China to turn away from exports enough to raise its domestic consumption high enough for the rest of the world to employ human labor -- and for China, itself, to prevent high unemployment when importers abroad have no fully employed customers.

This Wolf position, I'm sure,is shared by Bob Diamond.

These moderates, in my view, are not cut from the cloth of computer enthusiast anti-debt types -- like myself.

We see debt being stretched -- until it loses its final authority over national economies and over the global economy, as well.

..... We don't need debt -- when sovereign money will do -- if and when it is backed by the output of necessities for the global billions of human beings whose income must rise exponentially from a few dollars a day to 50 dollars a day, and then some.

We have the computers and thinking machines to help SUPPLY the things these people will buy.

..... And we have the computers and "smart-feedback systems of production" to support the fiat money revolution that will match our industrial potential to make sense of "capitalism beyond the casino".

http://www.charlierose.com/view/interview/11595

http://ustaxreform.us/crs-contents.htm

robdverity  04/07/2011 05:23 PM Report

Did I hear right? Diamond wants us to begin to get over the remorse. Remorse brought on by the likes of his ilk thru the securitization of non-secured sub-prime mortgages, split into even more risky tranches of non-traceable (digitized - per 60 Minutes last Sunday) documents (mass forged by signing mills). Perversely destroyed the CONFIDENCE in its own system by now having tighter req's than before their rapacious run on those culpable (uneducated) enuff to not realize they were being scammed merely for the signiing fees (now being evicted).

The big-bank boys developed Harvard derived algorithms to add sophistry to their evil. The ones now getting the big bonuses.

NONE HAVE BEEN INDICTED! NONE HAVE BEEN IMPRISONED!

The continuing ec. crisis (world-wide) is due to the financial wise-guys a la Mr. Diamond (and his NY namesake). His $3,000 suit does not entitle him to yet more spoils, but he'll line up to the trough anyway.

blank  04/07/2011 05:07 PM Report

http://www.nytimes.com/2011/04/07/business/energy-environment/07electric.html (G.E. Plans to Build Largest Solar Panel Plant in U.S.)

http://www.nytimes.com/2011/04/07/us/politics/07epa.html (Senate Rejects Bills to Limit E.P.A.’s Emissions Programs)

http://www.nytimes.com/2011/04/07/health/07blumberg.html (Baruch Blumberg, Who Discovered and Tackled Hepatitis B, Dies at 85)

http://www.nytimes.com/2011/04/07/science/earth/07cassava.html (Rush to Use Crops as Fuel Raises Food Prices and Hunger Fears)

http://en.wikipedia.org/wiki/Corn_ethanol#Environmental_and_social_issues (Corn ethanol Environmental and social issues)

http://www.scientificamerican.com/article.cfm?id=ethanol-not-cut-emissions (Corn Ethanol Will or Will Not Cut Greenhouse Gas Emissions?)

http://www.scientificamerican.com/blog/post.cfm?id=intel-finalist-tackles-the-cellulos-2009-03-09 (Intel finalist tackles the cellulosic ethanol problem)

http://www.scientificamerican.com/article.cfm?id=grass-makes-better-ethanol-than-corn (Grass Makes Better Ethanol than Corn Does)

http://bioenergy.ornl.gov/papers/misc/switgrs.html (Biofuels from Switchgrass: Greener Energy Pastures)

http://www.energyrant.com/biofuel-diodiesel-cars-oil/ (How to Use Biofuel or Biodiesel in Cars)

http://en.wikipedia.org/wiki/Ethanol_fuel (Ethanol fuel)

http://en.wikipedia.org/wiki/Cellulosic_ethanol (Cellulosic ethanol)

http://www.google.com/search?client=safari&rls=en&q=convert+cart+o+run+on+e85&ie=UTF-8&oe=UTF-8 (convert cart o run on e85)

http://www.treehugger.com/files/2006/07/kit_can_adapt_y.php (Convert Your Car To Run On Ethanol With New Kit)

http://domesticfuel.com/2006/06/05/flex-tek-interview/ (Flex-Tek Interview)

http://e85vehicles.com/converting-to-e85.html (Converting a NON Flex Fuel vehicle to run on E85)

blank  04/07/2011 05:04 PM Report

there's not supposed to be a double space between the link and the title of the article this is important

blank  04/07/2011 04:54 PM Report

http://www.nytimes.com/2011/04/07/business/energy-environment/07electric.html

G.E. Plans to Build Largest Solar Panel Plant in U.S.

http://www.nytimes.com/2011/04/07/us/politics/07epa.html

Senate Rejects Bills to Limit E.P.A.’s Emissions Programs

http://www.nytimes.com/2011/04/07/health/07blumberg.html

Baruch Blumberg, Who Discovered and Tackled Hepatitis B, Dies at 85

http://www.nytimes.com/2011/04/07/science/earth/07cassava.html

Rush to Use Crops as Fuel Raises Food Prices and Hunger Fears

http://en.wikipedia.org/wiki/Corn_ethanol#Environmental_and_social_issues

Corn ethanol Environmental and social issues

http://www.scientificamerican.com/article.cfm?id=ethanol-not-cut-emissions

Corn Ethanol Will or Will Not Cut Greenhouse Gas Emissions?

http://www.scientificamerican.com/blog/post.cfm?id=intel-finalist-tackles-the-cellulos-2009-03-09

Intel finalist tackles the cellulosic ethanol problem

http://www.scientificamerican.com/article.cfm?id=grass-makes-better-ethanol-than-corn

Grass Makes Better Ethanol than Corn Does

http://bioenergy.ornl.gov/papers/misc/switgrs.html

Biofuels from Switchgrass: Greener Energy Pastures

http://www.energyrant.com/biofuel-diodiesel-cars-oil/

How to Use Biofuel or Biodiesel in Cars

http://en.wikipedia.org/wiki/Ethanol_fuel

Ethanol fuel

http://en.wikipedia.org/wiki/Cellulosic_ethanol

Cellulosic ethanol

http://www.google.com/search?client=safari&rls=en&q=convert+cart+o+run+on+e85&ie=UTF-8&oe=UTF-8

convert cart o run on e85

http://www.treehugger.com/files/2006/07/kit_can_adapt_y.php

Convert Your Car To Run On Ethanol With New Kit

http://domesticfuel.com/2006/06/05/flex-tek-interview/

Flex-Tek Interview

http://e85vehicles.com/converting-to-e85.html

Converting a NON Flex Fuel vehicle to run on E85

blank  04/07/2011 04:52 PM Report

aright in the comment below it forced in spaces making it harder to see so i'll post it again

blank  04/07/2011 04:50 PM Report

http://www.nytimes.com/2011/04/07/business/energy-environment/07electric.html

-> G.E. Plans to Build Largest Solar Panel Plant in U.S.

http://www.nytimes.com/2011/04/07/us/politics/07epa.html

-> Senate Rejects Bills to Limit E.P.A.’s Emissions Programs

http://www.nytimes.com/2011/04/07/health/07blumberg.html

-> Baruch Blumberg, Who Discovered and Tackled Hepatitis B, Dies at 85

http://www.nytimes.com/2011/04/07/science/earth/07cassava.html

-> Rush to Use Crops as Fuel Raises Food Prices and Hunger Fears

http://en.wikipedia.org/wiki/Corn_ethanol#Environmental_and_social_issues

-> Corn ethanol Environmental and social issues

http://www.scientificamerican.com/article.cfm?id=ethanol-not-cut-emissions

-> Corn Ethanol Will or Will Not Cut Greenhouse Gas Emissions?

http://www.scientificamerican.com/blog/post.cfm?id=intel-finalist-tackles-the-cellulos-2009-03-09

-> Intel finalist tackles the cellulosic ethanol problem

http://www.scientificamerican.com/article.cfm?id=grass-makes-better-ethanol-than-corn

-> Grass Makes Better Ethanol than Corn Does

http://bioenergy.ornl.gov/papers/misc/switgrs.html

-> Biofuels from Switchgrass: Greener Energy Pastures

http://www.energyrant.com/biofuel-diodiesel-cars-oil/

-> How to Use Biofuel or Biodiesel in Cars

http://en.wikipedia.org/wiki/Ethanol_fuel

-> Ethanol fuel

http://en.wikipedia.org/wiki/Cellulosic_ethanol

-> Cellulosic ethanol

http://www.google.com/search?client=safari&rls=en&q=convert+cart+o+run+on+e85&ie=UTF-8&oe=UTF-8

-> convert cart o run on e85

http://www.treehugger.com/files/2006/07/kit_can_adapt_y.php

-> Convert Your Car To Run On Ethanol With New Kit

http://domesticfuel.com/2006/06/05/flex-tek-interview/

-> Flex-Tek Interview

http://e85vehicles.com/converting-to-e85.html

-> Converting a NON Flex Fuel vehicle to run on E85

JohnGelles  04/07/2011 03:43 PM Report

See http://ustaxreform.us/crs-comments.htm

It repeats my comments to generate coherence over time. They may be delayed a while as I try to comply with other demands on my time. The frequent flyer REMant ough to do the same. He would find that his disdain for liberalism is a tunnel without an exit.

JohnGelles  04/07/2011 03:33 PM Report

REM's dismissal of the conversation's gems is par for his negative perspective:

1. Diamond was clear that there are THREE primary current controls in national economoic planning.

..... One is fiscal policy -- spending by government that makes us all rich.

..... Two is monetary policy aimed mostly at interest rates today -- which IMO ought to be removed from anti-inflation planning as three, below, takes its place.

..... Three is quantitative easing (QE) that opens the way for the tax-free systems of production the world is waiting for.

2. Diamond also made it clear that certainty in their regulatory future is something multi-nationals might like. He coupled it with competence -- knowing what you are doing, knowing what you are talking about.

NOTE: REM knows he fears inflation that has the potential to demand replacement of old currency with new. He should not fear it -- it can help nations like Germany go from Reichmarks to Deutchmarks and become the gold standard producer of machinery, chemicals and pharmeceuticals she has been past and present.

... And he may resent the low interest experienced during deflations. This would be no problem IF, via Keynesian thought and systems, government assured retirement income for all -- and high income jobs, small business and self employment ahead of retrirement.

..... Whoever thinks it is still 1900 is nuts. Today our inventive and altruistic geniuses have made up for all our dull and lazy people (whom the greedy would punish -- even at the cost of their own good life and their children's future): automation and robotics will SUPPLY all we used to need slaves to produce.

3. Diamond told how his critic was invited to learn more of the detail the critic condemned wholesale.

... a similar invitation ought to go to REM to learn about positive government operations and the need for government investment to go to the moon and back and to change to a hydrogen economy and to protect his human rights by preventing the forces of evil from killing civilization in a fit of ignorant passion against everything in sight.

.

All told the Rose/Diamond discussion was positive. But they still think markets can solve problems unrelated to profit seeking blindness. Markets can't.

..... We must NOT let profit replace satisfaction of real needs as the goals of human political-economy.

..... Profit as an obsession is a substitute for lowering waste that can lead to total waste and destruction of civilizations.

..... In place of profit as a controller, we need feedback systems of green production in support of human rights (political and economic) that keep goals out front (changing as they must in the light of experience).

aeaton  04/07/2011 02:15 PM Report

I have never met Mr. Diamond, so I will refrain from commenting on his personal history. I will offer one suggestion: all of us should refer to the US budget deficit as "more than 1000 billion dollars" not "more than one trillion dollars." While either statement is mathematically correct, saying "more than 1000 billion dollars" will put the current arguments about 30 billion or 70 billion in spending cuts into perspective rather quickly.

REMant  04/07/2011 11:25 AM Report

Keynesian/monetarist bologna, boys. Taxpayer money at risk is completely irrelevant. And as with the expense of the financial collapse itself, this year's Federal tab is being picked up by the citizenry through the Fed's dollar depreciation. There is still precious little growth for anyone except banks and bankers, and not in real terms, only relatively, nor is it yet clear that all of this isn't just reflation, since savings have declined in proportion as consumer spending has risen. The "fastest growing" state in the US, at the moment, is North Dakota. I don't know if they are still big in the incorporation business, but mostly that is due to the fact that they grow wheat and pump oil, commodities whose price has skyrocketed because of speculation with money handed out by the Fed. That's not growth; that's poverty. And I expect to see a lot more of it.

The rest of this was the kind of puffery, which makes up a large portion of every business mag or newspaper section. They do like to see themselves in print. Altho a big wheel at Barclays for the past dozen years, Mr Diamond, an American who rode the London financial bubble, just became its chief executive Jan 1. I think the only reason why that bank did not receive a UK bailout was because the Arabs objected to seeing themselves losing money because of it. They did receive $8.5bn from the Fed via AIG. It has had the same issue with salaries as other such institutions, as well. Barclays, over the years, has apparently had few scruples regarding with whom it deals in Africa, or in the Cayman Islands, and in the military-industrial complex. Mr Diamond, who is also involved with the Council on Foreign Relations, appears to have received a draft deferment during Vietnam, having entered Colby in 1969 and graduated in 1973, and had some difficulty getting into a B-school.