Speaker(s): Dr Ben S Bernanke, Olivier Blanchard, Professor Lawrence H. Summers, Axel A. Weber
Chair: Professor Sir Mervyn King
Recorded on 25 March 2013 in Old Theatre, Old Building.
Five years on, the global economy continues to come to terms with the impact of the financial crisis. This event examines the lessons that both economists and policymakers should learn in order to lessen the chance of future crises.
Ben S. Bernanke was sworn in on February 1, 2006, as chairman and a member of the board of governors of the Federal Reserve System. Before his appointment as chairman, Dr. Bernanke was chairman of the President's Council of Economic Advisers, from June 2005 to January 2006.
Olivier Blanchard is economic counsellor and director, Research Department at the International Monetary Fund. After obtaining his Ph.D in economics at the Massachusetts Institute of Technology in 1977, he taught at Harvard University, returning to MIT in 1982, where he has been since where he holds the post of Class of 1941 Professor of Economics.
Lawrence H. Summers is President Emeritus of Harvard University. During the past two decades he has served in a series of senior policy positions, including vice president of development economics and chief economist of the World Bank, undersecretary of the Treasury for International Affairs, director of the National Economic Council for the Obama administration from 2009 to 2011, and secretary of the treasury of the United States, from 1999 to 2001. He is currently the Charles W. Eliot University Professor at Harvard University.
Axel A. Weber is visiting professor of economics at the University of Chicago Booth School of Business, former president of the Deutsche Bundesbank and current chairman of the board of UBS.
Professor Sir Mervyn King is governor of the Bank of England. Before joining the Bank he was professor of economics at the LSE, and a founder of the Financial Markets Group.
What should economists and policymakers learn from the financial crisis?
Showing posts with label Financial Crisis. Show all posts
Showing posts with label Financial Crisis. Show all posts
Thursday, March 28, 2013
Wednesday, January 23, 2013
Four Horsemen Documentary
The modern day Four Horsemen continue to ride roughshod over the people who can least afford it. Crises are converging when governments, religion and mainstream economists have stalled. 23 international thinkers come together and break their silence about how the world really works and why there is still hope in re-establishing a moral and just society. Four Horsemen is free from mainstream media propaganda, doesn't bash bankers, criticize politicians or get involved in conspiracy theories. The film ignites the debate about how we usher a new economic paradigm into the world which, globally, would dramatically improve the quality of life for billions.
Four Horsemen
Four Horsemen
Thursday, November 15, 2012
EU REVOLT - Europe Wide Anti-Austerity Protest
SPAIN
ITALY
GREECE
LONDON
GERMANY
FRANCE
BELGIUM
PORTUGAL
Workers across the European Union have staged a series of protests and strikes against rising unemployment and austerity measures.
General strikes in Spain and Portugal halted transport and closed businesses and schools. Police and protesters clashed in several Spanish cities.
Rallies took place in 23 countries including Greece, France and Belgium, union officials told the BBC.
Hundreds of flights to and from striking nations were cancelled.
Airlines recommended that passengers check schedules before setting out to airports.
British Airways and Easyjet were among the UK carriers forced to cancel some of their services.
The European Trade Union Confederation has co-ordinated the Europe-wide action.
The confederation's Judith Kirton-Darling told the BBC that austerity was not working.
"It's increasing inequalities, it's increasing the social instability in society and it's not resolving the economic crisis," she said.
Some 40 groups from 23 countries were involved in Wednesday's demonstrations.
'No work'
Unions in Spain and Portugal started strikes at midnight to protest against austerity measures that have combined tax rises with cuts in salaries, pensions, benefits and social services.
Marchers came out late on Tuesday in Spain, where 25% are unemployed, the highest rate in Europe.
"I have two sons in my house. One is getting subsidies, the other has been at home for the last three years," said protesting housewife Paqui Olmo.
"It is not that he doesn't want to work, there is just no work."
Picketers and police fought at a Madrid bus depot where demonstrators were trying to stop buses from leaving.
There were outbreaks of violence in other Spanish cities, and the interior ministry said more than 80 arrests had been made across the country. Dozens of people, including 18 police, were injured.
The government has played down the strike, saying the electricity grid registered 80% of its normal usage.
But unions claimed the operations of several large companies, including Danone and Heineken, ground to a halt.
In neighbouring Portugal, demonstrators took to the streets, carrying banners denouncing the European Union, International Monetary Fund (IMF) and European Central Bank (ECB).
The so-called troika has bailed out Portugal to the tune of 78bn euros ($100bn; £62bn), and demanded deep austerity measures in return.
The unemployment rate has hit a record 15.8%, according to figures released on Wednesday.
Prime Minister Pedro Passos Coelho acknowledged the rise was "bad news" but had been expected.
"We know that the unemployment level will increase a bit further before we observe a decline," he said.
Continue reading - BBC - European workers stage austerity protests
Read also: Reuters - Anti-austerity strikes sweep southern Europe
Video: Street battles across Europe as general strike turns violent
Milano, il corteo carica la polizia (14/11/2012)
Running Battles In The Streets Of Rome As Europe Rises Up
Brutal Carga Policial en la huelga general 14/11/2012
Pedradas vs Carga Policial na Assembleia da República - Manifestação 14/11/2012 Lisboa
Greek workers show solidarity with suffering in Spain, Portugal
ITALY
GREECE
LONDON
GERMANY
FRANCE
BELGIUM
PORTUGAL
Workers across the European Union have staged a series of protests and strikes against rising unemployment and austerity measures.
General strikes in Spain and Portugal halted transport and closed businesses and schools. Police and protesters clashed in several Spanish cities.
Rallies took place in 23 countries including Greece, France and Belgium, union officials told the BBC.
Hundreds of flights to and from striking nations were cancelled.
Airlines recommended that passengers check schedules before setting out to airports.
British Airways and Easyjet were among the UK carriers forced to cancel some of their services.
The European Trade Union Confederation has co-ordinated the Europe-wide action.
The confederation's Judith Kirton-Darling told the BBC that austerity was not working.
"It's increasing inequalities, it's increasing the social instability in society and it's not resolving the economic crisis," she said.
Some 40 groups from 23 countries were involved in Wednesday's demonstrations.
'No work'
Unions in Spain and Portugal started strikes at midnight to protest against austerity measures that have combined tax rises with cuts in salaries, pensions, benefits and social services.
Marchers came out late on Tuesday in Spain, where 25% are unemployed, the highest rate in Europe.
"I have two sons in my house. One is getting subsidies, the other has been at home for the last three years," said protesting housewife Paqui Olmo.
"It is not that he doesn't want to work, there is just no work."
Picketers and police fought at a Madrid bus depot where demonstrators were trying to stop buses from leaving.
There were outbreaks of violence in other Spanish cities, and the interior ministry said more than 80 arrests had been made across the country. Dozens of people, including 18 police, were injured.
The government has played down the strike, saying the electricity grid registered 80% of its normal usage.
But unions claimed the operations of several large companies, including Danone and Heineken, ground to a halt.
In neighbouring Portugal, demonstrators took to the streets, carrying banners denouncing the European Union, International Monetary Fund (IMF) and European Central Bank (ECB).
The so-called troika has bailed out Portugal to the tune of 78bn euros ($100bn; £62bn), and demanded deep austerity measures in return.
The unemployment rate has hit a record 15.8%, according to figures released on Wednesday.
Prime Minister Pedro Passos Coelho acknowledged the rise was "bad news" but had been expected.
"We know that the unemployment level will increase a bit further before we observe a decline," he said.
Continue reading - BBC - European workers stage austerity protests
Read also: Reuters - Anti-austerity strikes sweep southern Europe
Video: Street battles across Europe as general strike turns violent
Milano, il corteo carica la polizia (14/11/2012)
Running Battles In The Streets Of Rome As Europe Rises Up
Brutal Carga Policial en la huelga general 14/11/2012
Pedradas vs Carga Policial na Assembleia da República - Manifestação 14/11/2012 Lisboa
Greek workers show solidarity with suffering in Spain, Portugal
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