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Aug 14, 2015
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corbin is -- joe: that is the idea of raising money and dropping it on people. in this version, you give it to the government to spend on infrastructure. it is basically printing money to spend on things. that is something that should be in the bank of england, it could be helpful for everyone if there was a letter on the file saying, this is the sort of thing you should be considering when it is necessary. the controversial thing obviously is giving this kind of power to a guy like jeremy corbin, whom everyone says is a bit of a lefty, because he is. not practically a communist, but very much left of the social democratic party, particularly since he -- those close to him idea is a good thing do right now, when the bank of england is in -- is not even proposing this. of shoulds a debate politicians be second-guessing the bank of england, and then that intrinsically gets caught into a load of personal opinions corbyn.remy that he andthink trump are part of this new phenomenon? jeremy himself, it shows how politics can make us all stupid. we saw the sky as the ba
corbin is -- joe: that is the idea of raising money and dropping it on people. in this version, you give it to the government to spend on infrastructure. it is basically printing money to spend on things. that is something that should be in the bank of england, it could be helpful for everyone if there was a letter on the file saying, this is the sort of thing you should be considering when it is necessary. the controversial thing obviously is giving this kind of power to a guy like jeremy...
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Aug 14, 2015
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joe: one of the big stories we have talked about, the rise of jeremy corbin, he could be the next party leader in the u k, where people gravitating to him? >> there is a question about why the labor west is making a big challenge and why jeremy is personally. it was inevitable that this would happen. what has happened in the u.k., basically this is a guy from the 1990's, or from the thatcher years when we had the wall street booming all over the city, but it was also the time of billy elliot when you had strikes and huge battles for effective leaders in the labour party. there was a list, and an equal split -- an equal -- un equal split. you had tony blair's party that took them up in the early 1990's and 2000. then we had the financial crisis, the labour party lost, and they had five years out of power. everyone assumed that five years out of power means he will go for another century ist in a sharp suit, but what we are now seeing across europe is not necessarily what people expect. betty: this captures peoples attention. many people say that -- here is what he told us. >> everyone th
joe: one of the big stories we have talked about, the rise of jeremy corbin, he could be the next party leader in the u k, where people gravitating to him? >> there is a question about why the labor west is making a big challenge and why jeremy is personally. it was inevitable that this would happen. what has happened in the u.k., basically this is a guy from the 1990's, or from the thatcher years when we had the wall street booming all over the city, but it was also the time of billy...
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Aug 12, 2015
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when jeremy corbin be good for the u.k. economy? robert: everyone, i think there are two questions on whether he would be good for the labour party, and whether he would be good for the economy. which can be separated. everyone thinks he is lefty ian and almost a communist. there is one sensible thing he is saying, which ought to be taken fairly seriously. which is about the monetary financing of an investment program. if for one reason or another, you can't do that through orthodox monetary policy or fiscal policy, why not borrow from the the bank? in order to fund an investment program? it can only be the case under very special circumstances. it would have to be in deflationary circumstances. i think the idea that this is mad because it will lead to runaway inflation is wrong under these circumstances. it is something worth considering. that bit is anti-austerity, it has reasonable credentials behind it, well-known people have backed it and not to be considered, and not written off as a reversion into old-styled socialism. joe: h
when jeremy corbin be good for the u.k. economy? robert: everyone, i think there are two questions on whether he would be good for the labour party, and whether he would be good for the economy. which can be separated. everyone thinks he is lefty ian and almost a communist. there is one sensible thing he is saying, which ought to be taken fairly seriously. which is about the monetary financing of an investment program. if for one reason or another, you can't do that through orthodox monetary...
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Aug 14, 2015
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we have seen a number of labor heavy hitters coming out and saying if you elect jeremy corbin this could kill the labour party for the next hundred years. he is seen at unelectable. he is a socialist hardliner. caroline: we had that before. t: he is a big supporter of syriza. it is a trend the of seen across europe. we know this doesn't always work. caroline: how one earth did this come about? corbyn got how has to where he is? guest: you have to look at this as the reasons behind the catastrophic loss in the election. you have a labour party that lost its way, people of know what it stands for. you have to know that corbyn himself is a rebel. he is seen as someone who speaks from the heart, but not someone labour united behind, he speaks his mind. this makes great headlines, but this could lead to infighting and chaos. caroline: he has come up with a novel idea of quantitative easing. guest: he came up with this idea called people's qe. , but would be issued invested in smaller infrastructure projects. a great idea, very catchy, most economists say it is been called everything from econ
we have seen a number of labor heavy hitters coming out and saying if you elect jeremy corbin this could kill the labour party for the next hundred years. he is seen at unelectable. he is a socialist hardliner. caroline: we had that before. t: he is a big supporter of syriza. it is a trend the of seen across europe. we know this doesn't always work. caroline: how one earth did this come about? corbyn got how has to where he is? guest: you have to look at this as the reasons behind the...
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Aug 24, 2015
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economists have signed a letter supporting the policies of labour leadership contender jeremy corbin saying they are not extreme. analyst believes they are mainstream. great to have you. corbyn clear, are you a supporter or are you just saying austerity is not going to work in this country? >> thank you for the clarification. a corbyn supporter and do not share many of his views. what i share is the view that austerity has been a disaster .nd harmful the big thing we argue is that opposition to austerity is .ainstream economics the extreme is actually the practice government is doing. i've just listened to jonathan talking about devastation across the markets. austerity in these circumstances really looks out of place and out of time and harmful. manus: good morning. danny: what a day it is. manus: it is torture out there. ist i want to know from you if austerity is not the right policy, how dangerous has the which been by osborne, the imf has been praiseworthy of. the most devastating thing that occurred was in 2010 when they slashed investment spending. times if youn many compare t
economists have signed a letter supporting the policies of labour leadership contender jeremy corbin saying they are not extreme. analyst believes they are mainstream. great to have you. corbyn clear, are you a supporter or are you just saying austerity is not going to work in this country? >> thank you for the clarification. a corbyn supporter and do not share many of his views. what i share is the view that austerity has been a disaster .nd harmful the big thing we argue is that...
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Aug 14, 2015
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to speak to another cruncher who beat the pollsters in may's election and is predicting a loss for corbin to beat the u.k.'s labour party. francine: what should the markets be focusing on? tweet us at flacqua and manus cranny. ♪ this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get reliable internet that's up to five times faster than dsl from the phone company. call 800-501-6000 to switch today. perks are nice. but the best thing you can give your business is comcast business. comcast business. built for business. welcome back to "the pulse." we are live from bloomberg's european headquarters in london. manus: here are some of our top headlines. five banks have reached a settlement with u.s. investors over claims they conspired to rick global currency markets. the lenders are hsbc, barclays, goldman sachs, bnp paribas, and rbs. it brings the total fx rigging accord to $2 bil
to speak to another cruncher who beat the pollsters in may's election and is predicting a loss for corbin to beat the u.k.'s labour party. francine: what should the markets be focusing on? tweet us at flacqua and manus cranny. ♪ this is a great place to work. not because they have yoga meetings and a juice bar. because they're getting comcast business internet. comcast business offers convenient installation appointments that work around your schedule. and it takes- done. - about an hour. get...