A preview of the Economic Summit

with Steven Pearlstein
in Business
on Thursday, November 13, 2008 * * * * *

Sorry, this video isn’t available at the moment; please check back soon.

play

E-mail this video:

Distribute this video:

Share on:

Close
Description

A preview of the Economic Summit with Steven Pearlstein of "The Washington Post"

Video Share Options
Share
Buy Amazon DVD
Keywords:

In order to download Charlie Rose podcasts to iTunes for transfer to an iPod, you must have iTunes installed. If you do, please click the following link to download the podcast for this interview:

itpc://www.charlierose.com/view/itunes/9549

Otherwise, close this window to continue viewing.

Close
  • Comments 4
    Post new comment
    1. futurevisionaries  04/22/2011 03:43 PM Report

      economic summit is for the rich and the power full not us poor people with RICH ideas ..

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

      I need to save global FUTURE brands for and by the global people and countries.

      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 .

      FUTURE sm/tm

      925 N Griffin

      Bismarck,ND

      58501

      USA

      milmntec@btinet.net

    2. dberdes  11/15/2008 12:59 PM Report

      Mr. Pearlstein is another classic example of a left-winger. End speculation as we know it? Why don't we just shut down the entire free enterprise system too? Speculation provides valuable liquidity to the marketplace and if commodity users need to have a known price for the materials they buy, they too can hedge themselves in the marketplace. Southwest Airlines did just that when they locked up long-term oil prices by hedging against rising oil prices using the futures/deriviatives market.

      Yes, there are losers in these markets but also winners too. That's why it is called the free market. Yes, some regulation is needed to provided a level playing field for all participants. But end speculation? Give me a break!

    3. Snazel  11/14/2008 07:26 PM Report

      I don't see any entity having enough authority to make China revalue their currency, or stop consumers and companies from borrowing too much. So while Pearlstein's idea is valid, I can't see any international entity having the dexterity and alacrity to deal with the situation.

      I wonder if our technology and communications have grown so fast, that our business acumen hasn't caught up. It is an unpopular opinion, but I wonder if a serious recession is necessary to teach business leaders, how to adapt, and thrive in the 21st Century business climate.

    4. REMant  11/14/2008 05:24 PM Report

      We don't need a "global" lender of last resort. We'd be better off with NO lenders of last resort, period. The problem is the creation of credit ahead of the productivity to support it, in other words, ahead of savings. In short the entire central banking concept needs to be rethought, including the fractional reserve requirement. No easy money, no problems, no need for regulations.