35 Burst results for "IMF"

Chief economist: With outlook hazy, economy needs support

Weekend Edition Sunday

03:28 min | Last month

Chief economist: With outlook hazy, economy needs support

"Guest, the chief economist of the International Monetary Fund in the wake of this pandemic, the IMF says the global economic outlook is far worse than previously thought. And recovery will take a lot longer for those living in poor countries. That will mean greater income inequality. More debt and more poverty. Geeta Gopinath is the chief economist for the IMF, and she joins us Now. Welcome to the program. Thank you for having me on your show. And we also have NPR's gyms are Oli, who covers economics will also be asking questions. Good morning to you. Good morning, Geeta Gopinath. You predict a much deeper recession this year and slower recovery in the next. What caused you to revise your April estimates so drastically when two big reasons. One is, If you look at the duration of the Loch towns in the first half of this year, they have bean longer than we anticipated. And the intensity has been greater. And secondly, because we don't have a medical solution, yet we expect to see longer, more persistent social distancing into the second half of this year. You wrote this past week that 75% of countries are reopening. But in the absence of a medical solution, the strength of the recovery is highly uncertain. Did you not know that before, though, was there some belief early on that this was going to be Shorter, considering the fact that the illness was deemed to be serious and global and reach. I think what we certainly expected it was that they would not be a vaccine anytime in 2020 But on the other hand, there was an anticipation that as countries expanded, the healthcare facilities did enough testing. Tracing had enough protective equipment. Then there would be much better prepared to deal with this health crisis. I think as off now we can say that countries are still behind the curve here. Which is why we expect this to be a bumpy ride going forward. I'm going to press you a little bit on the debt that the poor nations they're taking on because we've seen in the past that it literally takes years upon years to get out from underneath that debt, and we really are in a place where there won't be many places to turn to for those poor countries to find help. It is going to be a serious concern for foreign nations who will come out of this crisis with higher levels off debt, and the solution for that will be a multilateral support in the form off. Death relief debt restructuring. Concessional financing concessional aid. I mean, I don't see any other way for these economies to be able to come back up to growth without support from the international community. China is a huge lender, especially to developing economies. How cooperative is China being right now in terms of rescheduling debt? China is a part of this G 20 initiated to provide debt relief on DH, So you know they are working with the international institutions to help in this respect. You know, I suspect much more will be needed and this is from all countries was just from China for the poor nations. Onda also for a much longer period of time than till the end of this year.

Geeta Gopinath China International Monetary Fund Chief Economist OLI NPR
IMF slashes world growth outlook for 2020 and sees sluggish turnaround next year

Jim Bohannon

00:36 sec | Last month

IMF slashes world growth outlook for 2020 and sees sluggish turnaround next year

"Prediction from the IMF CBS's Jason Brooks the IMF is cutting its twenty twenty global GDP forecast to minus four point nine percent nearly two percentage points lower than its prior forecast when the pandemic shut down the U. S. economy in March in the statement the agency says the pandemic has had a more negative impact on activity in the first half of twenty twenty than anticipated and the recovery is projected to be more gradual than previously forecast the IMF predicted U. S. GDP three negative eight percent and twenty twenty and then rebound on a four point five percent gain in twenty twenty one

IMF CBS Jason Brooks
IMF downgrades outlook for global economy in face of virus

AP News Radio

00:44 sec | Last month

IMF downgrades outlook for global economy in face of virus

"The IMF predicts a deepening coronavirus recession through the rest of this year the International Monetary Fund predicts that the global economy will fall four point nine percent well the U. S. will slide eight percent economists also predict rebounds provided there isn't a severe second wave of the corona virus pandemic the forecasters say the world economy could expand five point four percent next year well the U. S. could gave four point five percent to twenty twenty one that's not enough to recover to the level before the pandemic yet if there is another major outbreak early next year then the IMF estimates that the global economy will shrink another four point nine percent Tim McGuire Washington

International Monetary Fund Tim Mcguire Washington
IMF sharply lowers global growth estimates

Morning News with Manda Factor and Gregg Hersholt

00:26 sec | Last month

IMF sharply lowers global growth estimates

"Summer the International Monetary Fund has just sharply lowered its forecast for global growth this year because in the visions far more severe economic damage from the pandemic than it did just two months ago the IMF now predicts that the global economy will shrink four point nine percent this year significantly worse than the three percent drop in estimated in April that would be the worst recession in terms of global impact since the Great Depression of the nineteen

International Monetary Fund
IMF says decline in global growth worse than forecast

BBC Newshour

00:22 sec | Last month

IMF says decline in global growth worse than forecast

"It's only ten weeks since the Amish previous focus and it now says the economic hit in the first half of this year was harder than is expected that in turn is likely to increase what the report called economics commerce this firm supplies and people these jobs the article so expect the efficiency of firms that do survive to be undermined by steps they have to take to enhance workplace safety and

The European Commissions approach to blockchain

Insureblocks

08:24 min | 2 months ago

The European Commissions approach to blockchain

"Hello and welcome to inch blocks urine. Decadent podcast to blockchain ans- mark contracts. I'm will eat. Scuff your host for this week's podcast. We be discussing the European Commission approach to blockchain. And I'm very pleased to have Peters Zilkha this head of unit digitalization Blockchain Digital Single Market Directorate at the European Commission Peteris. You've got a lot of titles. Many thank you many. Thanks for joining us today. Could you please give us a brief introduction on yourself? I'm glad to I mean I'm a lawyer by background. I have the JD degree from University of Southern California before they had a political science degree. And though I've never really practiced their California state bar for almost thirty years now and since Two Thousand and five Florence. My Country Latvia joined the European Union. I've been ahead of unit in the European Commission and digital innovation. Blockchain is what I've been working on and you could say to US sometimes perhaps over used term but It's a little bit my passion. I've been interested in walk chain and tech since about two thousand and twelve so perhaps not at the very beginning but at least relatively early for the public service this is also why I'm The original co chair of the Fintech Task Force. I have my second Co-chair coming from the financial services side. And then I'm from digital single market and I mean in both these areas I'm working in legislation and policy in funding infrastructure and research and managing it as well as working with with stakeholders and international cooperation. So it's an interesting bunch of things to work on. I'm glad to be doing it well. As you sitting the key term as passion because you're effectively getting the job of three other men so very impressive So Peter is As it is customary here at Inter blocks. Could you please explain our listeners? What is blockchain? And how does it work? Well glad to try. This is one of these things. It's a little bit of a communications challenge and exercise. But I mean I would say that. It's simply a growing list of records of blocks In a ledger that are linked utilizing cryptography and generally managed by peer to peer network adhering to a protocol for communication between the nodes and then validation of the new blocks that perhaps gets already a little little technical some listeners. But I would say. It's a way of validating transactions and data in an immutable in permanent way. So that you can be sure that they haven't been tampered with and that you don't have double spending of a value and that you can transfer data along with that value. That's the way that we see it and I think it's also important because some people are I think most of all sometimes negative that they say Blockchain is something that's bad because let's say uses a lot of energy if they take the original crew for work and everything that doesn't do that is is not blockchain. I mean we take a very wide view. I mean distributed Ledger Technologies Hash graphs tangle on these types of blockchain inspire technologies is is blockchain for us. I mean we're not trying to freeze history in two thousand and nine. When the BITCOIN paper was Was published or at some other point. It's developing technology and I would say what is really important is the element of decentralization which is not black and white. It is a gradient going from something which may not exist of completely centralized to something which also may not exist of being completely decentralized but actually allowing a degree of decentralization That a single database or even some federated databases. Don't don't allow so. This is where I think it gets exciting and where it makes it possible for a diverse group of actors to work together while preserving their autonomy. Excellent really loved that. I'm element of your definition of. It's a gradient of decentralisation incidents that's a spot on now could you introduce to us all the different bodies within the European Commission you have the digital innovation in Boston you need. And other bodies within your commission that are here to research enable and further development of blockchain in the EEG perhaps give us an overview where we'll do some deep dive in in some of the sure. I mean starting with with my unit. We're kind of the policy leaders on blockchain as a technology. But we're not. We're not the programmers as I said. I'm a I'm a lawyer and a political. Scientists have other colleagues are engineers but were more economists lawyers people looking at digital policy and in my unit we have the e U Blockchain Observatory in Forum which is a think tank working for us that has a whole set of reports and videos and regular workshops which used to be physical in at least right. Now they're virtually cited We also have the European blockchain partnership that my unit runs. This is twenty nine. Different countries twenty-seven all twenty seven e. You member states and Norway and Liechtenstein. Who are building a European blockchain services infrastructure together. I mean actually building an infrastructure. This piloting this is not testing. We're putting public services on the blockchain justified. We had quite a filtering to see which cases were justified to utilize the blockchain. And this is also something you could call a regulatory sandbox because while the countries and us are working together we obviously have to look at European Union legislation. We have to look at national legislation. Most likely you don't find anything. We're blockchain is prohibited. But you certainly don't find many cases where it specifically allowed though. You're getting some legislation in France in multi in other countries. It's specifically see a root for blockchain Roxanne legally And then we also collaborate with the International Association of Trusted blockchain applications as stakeholders organization I myself I'm in the OECD Policy Expert Advisory Board on Blockchain so we collaborate with OCD with the United Nations and others and In Not Buzz. International position of trusted blockchain applications a global governmental advisory board but also in the OECD activities. In the other activities. We probably would participate in the spring meetings of the World Bank and International Monetary Fund. This year I spoke myself in the IMF Fintech roundtable last year. Also you have the collaboration in the Fintech Task Force as I said from our side digital single market I gave a basic description on the other side. You have the financial markets colleagues the call as coming from research in Salon with the financial markets colleagues. Were collaborating on the digital assets possible legislation we just closed the public consultation on digital assets. Hearing what the stakeholders with the community has to say and in another context of the Digital Services Act which is a updating of ECOMMERCE along with addressing the platforms. We are seeing how perhaps smart contract so we have to do something to ensure that there is not any fragmentation of different requirements smart contracts across the digital single market and the twenty-seven member states. Something that we want to want to avoid

Blockchain European Commission Blockchain Digital Single Mark Fintech Task Force European Union European Commission Peteris U Blockchain Observatory International Association Of T International Monetary Fund Peters Zilkha University Of Southern Califor Inter Blocks California Latvia Oecd United States
Kara Swisher on Elon Musk: Hes not bluffing

Squawk Pod

06:04 min | 3 months ago

Kara Swisher on Elon Musk: Hes not bluffing

"Gone up quite a bit and I think people would do it. I do I think of anybody I think a lot of people might not and sometimes he does block and sometimes he. Does you know sorta pontificate on twitter. But I think he has. He's he's done manufacturing facilities. Lots of places I think Texas OUGHTA welcoming you don't so I don't know why wouldn't was most Silicon Valley. Ceo's and tech CEOS talk about their relationship with their employees aloft. The relationship with employees is very very important and and the reason I mentioned that is if you're willing to effectively give up ten thousand people in California to go elsewhere also. I should also mention at least online. Their employees that appear to have leaked memos from the company suggesting that they've been bullied or threatened to either come to work or to lose unemployment insurance in the like that was happening at other big tech companies. There would be an uproar. Yes yeah I had a long history of this. And there's a lot of reporting on it and he pushed back really hard against it and and you know it's a really interesting question. He's he remember the last time this happened when they were building A. I think it was the three. That was the same thing. He was sleeping on the factory floor. They felt safety standards. Weren't in place. There was lots of leaks in just kept going and this is kind of his. He feels like he's on a mission whenever you talk to amid it feels like he's on a mission and he has to have this happen if you notice he was saying that other automakers got a break but only tesla was singled out He feels if this is critical. I know it sounds like that is not so I think he really does like a man on a mission so he is. Impatience is very clear in these tweets. I you know. Some of them are unfortunate some of the tweets and I don't know if he understands kind of the IMF the overall impact of what he might be setting off But I he's just going to go forward and it'll be able to the officials to respond Love to graduate. But it's not the these techniques are not are not the not just similar. They're not dissimilar techniques. Let me ask you a somewhat political question. It relates to trump. He now has the backing of trump in a very public way. And he's sort of on the trump side. If you will of the liberate America concepts but on the other end for many many years he would least privately and in some cases publicly. Derived trump and sell Tesla's enlarge part on the idea of of trying to end climate. Change in all of these things. So how do you? How do you square that up? He's a complex person to tell you. I don't think he's necessarily a trump supporter. That's not I've never heard that night. Gore's you know. He has been critical and he was on. That business council was he wanted to try to get as an impact on climate change. And so it's a complex situation. It doesn't mean that he's not. He's not using twitter to the same effect sort of rally his troops and he does have a lot of fans You know it's his technique of doing this. This is a you know high drama I dodge in the rents than he manages to. Somehow settle things Sometimes it turns out well. Sometimes it doesn't but this is a guy like he went up against the SEC. From what I can tell they didn't really you know they warned him and they said he can't do it again and then he did it again and so I you know. I don't know if he feels there's a lot of consequences for doing what he's doing and his aim is to build these. Tesla's An and you know he had a lot of criticism from the Alameda. County officials. What are they going to do? I mean I think the mistake is is getting into this kind of fight with him publicly. But I guess it wasn't working out privately scenes and then you have Gavin newsom in the middle of it which is really interesting. You know. Because he's been supportive of loss really important to keep manufacturing in California That eventually just like happened Amazon. You either saying we want this or we're GONNA put up with this or we're not gonNA pay for this and then you can go elsewhere

Tesla Gore Twitter California Gavin Newsom Silicon Valley CEO Texas IMF Alameda America SEC Amazon
Back to the furore: protests set to reignite

The Economist: The Intelligence

06:51 min | 3 months ago

Back to the furore: protests set to reignite

"Switch on the news today. And chances are it'll be about one thing. Us Corona virus deaths. Almost these should but six or seven months ago something else was dominating global headlines and this show a wave of protests had erupted the cost the globe not least in the Middle East and Arab world. Not since I suppose the Arab spring of two thousand eleven half one seen so many apparently told NATO simultaneous protests in one place so once green now in Baghdad is carnival as the corona virus has spread many of these protests movements have necessarily and put on hold lately though in Lebanon. Not even a look down has been able to contain the public anger that has swelled. The country's economic crisis has gone from bad to worse. Those who took to the streets last October are protesting against their government once again for more than a month. The lockdown bought the Lebanese government clear. Streets there was a lot of concern here that the virus overwhelm the underfunded healthcare system in Lebanon and so people really did obey the government. Stay at home order for the latter part of March for much of April. Greg Carlstrom is our Middle East correspondent reporting from Beirut a gun to appoint over the past two weeks where the virus looks contains and where the economic situation has gotten so bad that people have begun to ignore the lockdown orders to go out and protest so particularly in Tripoli Northern Lebanon which is one of the poorest cities in the country. Thousands of people came out to protest some of these protests turned into riots people throwing firebombs into banks. Lebanese army using live ammunition to put down protests in Tripoli killed one protester a young twenty six year old man and wounded a number of others and the protests were seeing now are a continuation of the ones we saw last year they are the protests that started in October. Were really a rejection of the entire political class in Lebanon and the sectarian confessional system. It's been in place. Since the end of the civil war. In nineteen ninety but the trigger for the protests really was an economic crisis the banking sector looks illiquid if not entirely insolvent the currency is collapsing. People are seeing their life savings effectively. Cut In half over the past six months and all of this was happening even before the lockdown which is obviously dealt another severe blow to the economy so this situation now where food prices have gone up by an estimated forty percent since September. The government thinks inflation. This year will run about fifty percents. You hear reports from business federations that maybe a third of registered companies in Lebanon have gone under over the past six so the economic situation really has gotten very bleak and it's back into the streets and what is it that put Lebanon in this crisis in the first place. Lebanon has never had a very productive economy. It's been based on finance real estate tourism. Very large Service sector so. It's not a very wealthy country doesn't have very many well paying jobs but it's been able to keep the economy humming with this big influx of foreign capital much of which comes from the Lebanese diaspora. Which of course is larger than the Lebanese population inside of Lebanon? And what's happened over? The past few years is all of this. Stop working at once the real estate sector. There's a bubble that looks overbuilt and overpriced. The financial sector is slowing down deposits. After a year of steady growth deposits banks have begun to decline the central banks of resorted to running a pyramid scheme to defend the currency where it was borrowing dollars from commercial banks at very above market interest rates and no longer has enough dollars to do that and so all of a sudden everything has collapsed. Lebanese pound which has been pegged to the dollar at fifteen hundred since the nineteen nineties now trading at about four thousand on the dollar on the black market the government in March defaulted on its debts. Lebanese public debt is more than one hundred fifty percent of GDP and it's simply become unsustainable and the pandemic and the reaction to the pandemic has only exacerbated all of that it has and we don't know quite how bad the economic situation is yet because of course everything has been closed but a you hear sort of anecdotal stories of businesses. That are not going to reopen once. The lockdown lifted particularly things like restaurants bars cafes which are a big source of jobs in this country but between the lockdown off their business and the collapsing currency. They no longer have a sustainable business. There are stories of hardship that circulate on social media. Every day there was a video of a pregnant woman assume was her husband's Eating out of a dumpster the story of migrant workers who have really been hit hard by this crisis because they haven't been paid in months and some cases trying to cross the border into Israel. Which of course is closed and military is so it's become a very difficult situation. Lebanon has gone to the mouth to ask for a bailout. Of course it will be many other countries asking the IMF for help right now but securing one is going to require a very serious effort at which is something that successive Lebanese governments for decades have not want to do but late last year. We weren't just talking about protests in Lebanon there were demonstrations breaking out over the world particularly in the Middle East and the Arab world. Do you think it's the same story as in Lebanon? This kind of unrest will return to other countries in the region just as soon as the worst of the pandemic has passed. I think it is Lebanon is perhaps going I because the economic situation has gotten so bad here but you go back six months and Iraqis were in the streets protesting against the corrupt and ineffective government. Algerians were protesting all year in two thousand and nine thousand nine. I to overthrow their longtime dictator then to protest against the army-backed government. That succeeded him. All of that of course was suspended because of the lockdowns. Everyone has been at home but The grievances that drove them into the streets in the first place which again are largely economic. Those grievances remain there Iraq on Jerry or both should be quite wealthy countries. They have large oil and gas resources and yet that money has been squandered and stolen over the decades and that is what is driving people into the streets in protest and again in both of those countries situation looks to be getting worse because oil prices are as low as they. Are you look at Iraq? And there are estimates that the government will have a forty billion dollar shortfall this year from what it budgeted versus where oil prices are now. It's not at all clear who's going to step in to lend that kind of money to Iraq and so there to the economy is going to get worse and I think give it a few weeks or a couple of months and likely that people be back out on the streets there as well break. Thank you very much for joining us. Thank you

Lebanon Middle East Lebanese Government Tripoli Northern Lebanon Lebanese Army Iraq Baghdad Tripoli Nato Beirut Greg Carlstrom Israel
In push for normalcy, industries, nations test the waters

AP News Radio

00:47 sec | 3 months ago

In push for normalcy, industries, nations test the waters

"The head of the International Monetary Fund says the corona virus pandemic is having a devastating impact on the global economy IMF managing director Kristallnacht Georgia says it's the worst crisis since the Great Depression but the thesis more than that because it is a combination of the health crises and an economic shock in an interview with Britain's independent television news the IMF chief says it's a real puzzle normally in a crisis we will boost spending could now we are telling people don't go up don't spend your jabber tells I. T. N. governments must support health systems and plan for recovery while helping businesses and households to sustain through the next couple of months in other words massive fiscal injection I'm Ben Thomas

International Monetary Fund Managing Director Georgia Britain I. T. N. Ben Thomas
In push for normalcy, industries, nations test the waters

AP News Radio

00:40 sec | 3 months ago

In push for normalcy, industries, nations test the waters

"Hi IMF Mike Rossi managing a reporting director crystalline president trump's nominee Georgia to head says national it's the intelligence worst crisis faces since questions the Great at Depression a Senate confirmation but the thesis hearing more than the Senate that intelligence committee because held a confirmation it hearing is Tuesday a combination for president of the Donald health trump's crises nominee for and national an intelligence economic shock director in an Republican interview with representative Britain's independent John Ratcliffe television of Texas news the sought IMF to assure chief the says panel it's a real he would puzzle not be normally unduly influenced in a crisis by the president's we will my loyalty boost is spending to the constitution could now we and are telling the rule of people law don't go and up I have don't made spend that very clear your to jabber everyone tells including I. T. the N. president governments but senator must support mark Warner health the systems ranking Democrat and on plan the committee for said recovery I still have while helping businesses some of and the same households doubts now to sustain through if the next I had couple of months back in other in August words after massive the hearing senator fiscal Richard Burr injection who chairs the I'm committee Ben Thomas promised a quick vote on the nomination Mike Crossey at Washington

Ben Thomas Richard Burr Mark Warner Texas John Ratcliffe Representative Mike Rossi Washington Mike Crossey Donald Trump Senator IMF Britain Director Donald Health Trump President Trump Senate Georgia
Adversarial Examples Are Not Bugs, They Are Features with Aleksander Madry

This Week in Machine Learning & AI

09:17 min | 3 months ago

Adversarial Examples Are Not Bugs, They Are Features with Aleksander Madry

"Hey welcome thank you for having me so yes indeed a IMF at and Macho. What I work on his machine learning trying to understand why this technology works. What can we do to make it? Better and in particular are very much focus on reliability and robustness issues awesome. Can you share with us a little bit about your background? And how did you get started working in machine learning in general and reliability robustness in particular? That's actually an interesting story. So essentially I originally or I still actually feary so I worked on on the field called fear of computation and somehow like I was learning about machine. Learning about all dislike resent exciting developments there and kind of it peaked. My curiosity and I started to learn more and more and more in particular one thing that you know as I was trying to make sense of this field. One thing that stood up to me. It's exactly this notion of adversarial examples that who will talk about more definite moment and essentially dare kind of what it showed. Was that this first of all. We don't understand fully how this machine learning it works but also we realized that well even though this it works well on average in average case it actually leads performance in the worst case is is much much more troubling so that's essentially a peak my interest and made me more interested in figuring out. Okay if we think about machine learning from more worst-case perspective what does it look like? Essentially that's that's how I got into this field. Paper viewers was recently presented by one of your students at the in Europe's conference. This is a paper that we wanted to dig into An interview it's called. Adversarial ARE NOT BUGS. They are features Why don't we start by having you share? Just the broad space that you're looking to address with this paper. Sure so actually. This is exactly about this this notion of examples emission in passing so so. Let's talk about what other examples are so think like the tone examples as this very curious glitches of state of the art machining systems. So essentially what? People observed is that you can take. Let's say an image over of a pig dot state of the art classified recognizes speak with high confidence. And then what you can do. You can add a tiny bit of noise just a speck of noise to this image. This this is not random carefully chosen and once you add this noise well you get a different image who are human looks indistinguishable from the image. But for some reason this new image is grossly miss classified by no by the by the clarifier. So for instance you know you can make a pig be classified as an airliner with high confidence so the usual joke I make is that it shows how powerful machine learning can be. It can make pigs fly but essentially what it really a shows us. Is that kind of this. Brittleness of this prediction. That like everything looks fine but then I can show you version of the input that looks almost identical or to you as a human identical to picture for for which the system seems to severely under four so kind of so this is the point of settlers paper kind of trying to understand okay so first of all why we have had examples and essentially why are so widespread because it turns out that essentially if you just look at standardly trained machine learning system it essentially l. every input seems to have this behavior so we can just take any input and you can make it be classified as any other input jazz by adding a bit of. Nice to it so this was like very positive as I understand. That system will not be perfect. There will be some input on which you kind of things would be wrong but why it is possible to essentially take input and kind of what is the nature of this veneman okay. So that's that's essentially. What is the point of paper and kind of people of course wondered about this question since the discovery fundamental and they fought about things that you know. This is this is absurd. Examples exist jobs because they said it's tuitions or that you know this is just an imperfection of the kinds of techniques that we're using and somehow all that the explanation of proposed expansion in common is that they actually view. The examples is a glitch in the system as a bag of our system. That once we develop a missionary meadows. That actually are perfect. They will not have this bags anymore. But it's something that we need to fix as a community in order for these to be more useful or less susceptible to The problems that they represent exactly so essentially so ducks and this is definitely true and our paper also recognizes as. This is the goal but kind of what was new and kind of kind of mind blowing to us as well as we discover. Even though in retrospect actually perfectly obvious is that even though we think of this object bags something undesirable and is definitely undesirable behavior. It's actually the root of this behavior is comes from the fact that our machine learning models actually are are performing the task. We are asking you to perform all too well as opposed to doing the wrong way. Okay so essentially so. This is why this title says this not really a box even though we are undesirable. They're not really bags. They actually feature there something that they correspond. They're just like a natural consequence of the kind of misalignment between how our models solve the task we want them to solve and how we as humans they are supposed to be interesting so when I hear you say that they. They're working as designed. I think these algorithms they're kind of pattern matching machines. We give them a pattern. And then they make a prediction and this adversarial example. Problem is kind of manipulating that pattern. And so the prediction is expectedly different. is that the general sense or you know what where are the nuances in this idea that these are actually features? Yes so essentially exactly so so definitely are kind of touching on the underwrite subject so we just put it in the in the right training. So so what do we really? Okay so what is that. We expect our machine learning systems to do and what they actually are doing right so what we expect. Much learning to machines to is just okay. Let's say I give it. Imagine it Imminent DATA SET TO TRAIN. So essentially it has like million over a million images high quality images. Each image is a picture of. Let's say a dog and the Labor. Look this dog. There's a picture of a cat and a label this Cup so we let our system. Just look at this data and kind of try to figure out all the patterns. That seem to such as the open house dog like. How's IT Catholic? And then the way we kind of tested this is how we there's the performance that we have held out data set of. Let's say no different different images with Labor. So let's there are some new cars and new dogs and now we just show the picture and we ask them okay. Tell me what you think is on this picture. So so. That's kind of the way like what we expect is by just looking at the training center and passing the test. The system learns how a dog looks like or how it looks like and essentially like this is just a way to achieve that. So so your accent. So that is this on on technical. Training and testing and on our expectation is that this is after undergoing procedure. The system knows how a dog and cat looks like and now what we discovered is that can in some ways even though this is our expectation. This is not exactly what's happening so was essentially happening. Is that our deep learning model in particular but all Muslims in particular. If all that they have to do is just figure out. What is the correct answer to this kind of quiz that we give to the end where you don't necessarily have to even learn what adults or what they cut really is from the human perspective? Essentially all that you have to figure out that there are certain patterns in the data that correlate well with one label versus the other and you just have to extract this this pattern and essentially you make your classification based on dispatchers and so far. This is not surprising but what is surprising. Is that departments that turned out to be most effective to perform well on this test. They are totally not the partners that we as humans would see in any way correlated with an electric or having anything to do with this picture corresponding to a picture of a dog and this is this speech corresponding to a picture of a cut and essentially what examples are they exactly lever judge. Lenny played this patterns that much learning molitor sensitive to to humans. Seem to be completely unimportant to exactly like you know. Changed the prediction of model while not change it. Anything to a human.

Labor IMF Europe Lenny Molitor
Global economy will suffer worst year since Depression

News, Traffic and Weather

00:27 sec | 4 months ago

Global economy will suffer worst year since Depression

"The International Monetary Fund says the global economy is suffering the worst year since the depression of the thirties these are your world headlines from ABC news I remember chief economist Gita Gopinath this is a downgrade or six point three percentage points from January twenty twenty a major division over a very short period of time the IMF does expect the global economy to rebound in twenty twenty one but a lot of unknowns

International Monetary Fund Gita Gopinath ABC Chief Economist
IMF: Global economy in 2020 will likely suffer its worst year since the Great Depression, brought down by viral outbreak

Bruce St. James and Pamela Hughes

00:32 sec | 4 months ago

IMF: Global economy in 2020 will likely suffer its worst year since the Great Depression, brought down by viral outbreak

"And there are signs the world is dipping into something resembling the Great Depression global economy is suffering the worst year since the depression of the thirties that bleak assessment from the International Monetary Fund IMF chief economist good to go but this is a downgrade or six point three percentage points from January twenty twenty a major division over a very short period of time the IMF does expect the global economy to rebound in twenty twenty one but a lot of unknowns roommate like will the virus still be with us and will we have a vaccine

IMF Chief Economist
AP Source: Obama to endorse Biden in video on Tuesday

AP News Radio

00:22 sec | 4 months ago

AP Source: Obama to endorse Biden in video on Tuesday

"His the old International boss and Monetary close friend Fund former president says the virus Obama pandemics will endorse impact Joe Biden on the global today economy in a video will be historically this is a bad big deal just because three Obama months ago is the IMF the democratic forecasts party's biggest global fundraiser economic growth and of three one of its point most three popular percent figures to date former a rival breathtaking Bernie Sanders downgrade endorsed by the the yesterday IMF saying the world saying Democrats economy priority will instead now to shrink should be defeating three percent Donald Trump its worst in November year since the I Great read Depression off Ole among specific nations the IMF's looking at a five point nine percent drop in the U. S. and seven and a half percent in European countries sharing the euro it's projecting a big rebound next year with five point eight percent growth but acknowledges the prospects are uncertain Sager make ani Washington

President Trump Joe Biden IMF Donald Trump Ani Washington Fund Barack Obama Bernie Sanders
AP Source: Obama to endorse Biden in video on Tuesday

AP News Radio

00:22 sec | 4 months ago

AP Source: Obama to endorse Biden in video on Tuesday

"His the old International boss and Monetary close friend Fund former president says the virus Obama pandemics will endorse impact Joe Biden on the global today economy in a video will be historically this is a bad big deal just because three Obama months ago is the IMF the democratic forecasts party's biggest global fundraiser economic growth and of three one of its point most three popular percent figures to date former a rival breathtaking Bernie Sanders downgrade endorsed by the the yesterday IMF saying the world saying Democrats economy priority will instead now to shrink should be defeating three percent Donald Trump its worst in November year since the I Great read Depression off Ole among specific nations the IMF's looking at a five point nine percent drop in the U. S. and seven and a half percent in European countries sharing the euro it's projecting a big rebound next year with five point eight percent growth but acknowledges the prospects are uncertain Sager make ani Washington

President Trump Joe Biden IMF Donald Trump Ani Washington Fund Barack Obama Bernie Sanders
Coronavirus 'Great Lockdown' will shrink global economy by 3% in 2020: IMF

KNX Morning News with Dick Helton and Vicky Moore

00:31 sec | 4 months ago

Coronavirus 'Great Lockdown' will shrink global economy by 3% in 2020: IMF

"A tough assessment from the International Monetary Fund today's seeing what they're they're calling the great lockdown recession as the worst since the Great Depression they see global economic growth contracting three percent as the global pandemic has spurred a global shut downs of was in sharp contrast to the expected growth of three point three percent they predicted in January now they're predicting a drop of three percent which is a dramatic drop in fact during the financial crisis we saw a drop of just point one percent for the global

International Monetary Fund
IMF: Global economy in 2020 will likely suffer its worst year since the Great Depression, brought down by viral outbreak

Chad Hartman

00:25 sec | 4 months ago

IMF: Global economy in 2020 will likely suffer its worst year since the Great Depression, brought down by viral outbreak

"The world is plunging into the worst global downturn since the Great Depression and even after rebounding once the lockdowns were lifted the IMF says most economies will have shrunk by five percent next year people should know the beds hardship ahead we would better protect every job every business rishi Sunak chancellor of Great Britain whose economy is forecast to shrink a staggering thirty five percent by June the IMF says this pandemic will leave lasting

IMF Chancellor Great Britain
IMF: Global economy will suffer worst year since Depression

AP News Radio

00:41 sec | 4 months ago

IMF: Global economy will suffer worst year since Depression

"The International Monetary Fund says the virus pandemics impact on the global economy will be historically bad just three months ago the IMF forecasts global economic growth of three point three percent to date a breathtaking downgrade the IMF saying the world economy will instead to shrink three percent its worst year since the Great Depression among specific nations the IMF's looking at a five point nine percent drop in the U. S. and seven and a half percent in European countries sharing the euro it's projecting a big rebound next year with five point eight percent growth but acknowledges the prospects are uncertain Sager make ani Washington

International Monetary Fund Ani Washington
"imf" Discussed on Global News Podcast

Global News Podcast

04:32 min | 2 years ago

"imf" Discussed on Global News Podcast

"So there's a crisis in emerging markets as a whole in Argentina's the one that is more exposed than any other country. So by speeding up the payments from the IMF loan at hopes to just bring some calm to the markets now and deal with its problems later, meanwhile, for ordinary Argentinians who have to suffer the public spending cuts that come with these IMF loans, it's not going to be an easy year, is it? Well, it hasn't been an easier because a few things are happening in Tina. We should making it quite hard for everyone. One thing this government promised to tackle inflation and to bring down inflation. It hasn't been able to do so. So the. Cost of living is getting very expensive in Argentina, and with the spending cuts, the many firms and specially government offices haven't been able to give wage increases to work there. So that's one part of the problem. The other part of the problems that Argentina is used to be in the past, what they call it a dollar is that Konami. So a lot of goods and services are paid in dollars in Argentina, or at least are valid in dollar and the Argentine currency is getting weaker as well. So Argentine is our poor by international standards are and even by their own national standards in their own currency. Daniel Gallas a foam of vice president of football's world governing body fever has been sentenced to nine years in jail for his part in a huge corruption scandal are America's editor Russia. Tell me more about the form of fee for official his from Paraguay one. Hell, not put. He was vice president of fever, but he was also the the president of common bowl, which is the South American football. Confrontation. He was a very powerful person, his sixty years old now and the three years ago, he was suddenly arrested at the hotel with other officials in Surrey in Switzerland extradited to the United States. He paid ten million dollars in bail and the convicted last year and sentenced and by a federal judge in New York in why the United States the American prosecutors lead this investigation because a lot of that money was put into American Bank accounts. That's why they tried to hide an loan, the money, and that's why he's being sentenced there. Last week we had the head of the Brazilian confederation, former head of the Brazilian confederation, who was sentenced to four years in jail, and this is by far away from being the end of this whole crisis isn't. It is much larger corruptions. Got, yeah, there were about forty more than forty. People in institutions were charged by a US prosecutors, only three. I have been tried so far. These two that I mentioned in there was a Peruvian official who was acquitted last year as well. It is a huge scandal. If I give you some figures, it's the American prosecutors estimate there what two hundred million dollars paid in bribes. This person not put. He received twenty million dollars in bribes and that he was ordered to give back four point three million today. So it's huge amounts in what did they do? They were taking as as presence of the confederation's they won. They go, she hating with marketing companies rights to broadcast big events, big tournaments and marketing rights, and what taking a big cut of that President Trump has announced that the top lawyer at the White House, Don Mcgann will leave his position once overseeing the appointment of a new conservative supreme court. Judge in a tweet. Mr. Trump said he truly appreciated his service from Washington Guerrier Donahue reports Don Mcgann was one of the early recruits to the Trump. Campaign and has been closely involved in the negotiations with the special counsel. Robert Mueller who's investigating alleged collusion with Russia. He's reported to given at least thirty hours worth of interviews to Mr. Mola a fact that prompted the president claim that the White House had cooperated fully and was the most transparent in history. Mr. mcgann's departure has been trailed for some time that one report in the US media suggest President Trump's tweet hayman's something of a surprise to the White House counsel the United Nations. Human rights commission Zet around al-hussein leaves office on Thursday after four, sometimes turbulent years. And what's often described as the toughest job, the UN has to offer Zayd as he likes to be cold has been outspoken about the rise of right wing populism. An suggested. President Trump is a demagogue when Geneva correspondent imaging folks spoke to him..

President Trump vice president Argentina United States Brazilian confederation Don Mcgann IMF White House Russia president official Robert Mueller Konami fever UN football special counsel Surrey New York
"imf" Discussed on Marketplace All-in-One

Marketplace All-in-One

02:01 min | 2 years ago

"imf" Discussed on Marketplace All-in-One

"Give us would you the thumbnail political sketch the political backdrop to all of this happening today well italy had elections earlier this year which produced a majority in parliament for two parties combined both of them anti establishment populist parties is the word that's often years they have tried to put together a government it included as he konami minister a man powerless ivana who has in the past advocated leaving the euro zone and described it as a german cage now he's appointment was vetoed by president matter i think on the grounds that he felt that such dramatic steps should not be taken without an explicit public debate in the course of some sort of political campaign and that hadn't really happened it was not part of the election manifesto of those two parties to leave the euro zone and so this weekend the president effectively vetoed a coalition installed an old imf official former imf official and the bond market now has said who hold everything yes indeed on is frankly not because of the identity of the caretaker prime minister caller culturally initially actually the markets responded rather favorably to the idea of him being in charge but it dawned on them i think that italy is going to have further elections quite soon not did raise in the minds of many investors i think renewed questions about just how secure italy's membership of the euro zone is a lot of people will think oh my goodness italian crisis europe crisis greek debt crisis and are we doing this all over again are we so far we are not there one measure this often used to judge the situation is the the yield return if you like on ten year government debt and when the european crisis was at its worst the kind of rule of thumb that a lot of people used for whether the probe situation was really serious and bela would be needed was a fig.

ivana president official italy bela imf prime minister europe ten year
"imf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 2 years ago

"imf" Discussed on Bloomberg Radio New York

"Well this is news just in president of argentina said that the country is in discussions with the imf which as you know as lender of last resort for countries of balance of payments problems in argentina is suffering in this period of volatility affecting emerging markets also hit the russian south african currencies under pressure as well and you know the the story that we have is thirty billion credit line that's not confirmed by the imf but we have it for with the person with direct knowledge that would provide the the argentinians with the with the firepower that they would need to put protect their currency which has been under a lot of pressure in a couple of minutes we have left we do want wanna touch on the rap and one of the very first articles on this week's roundup is about why we should expect higher inflation and it is because our population is getting older why where's that going can connect those dots if i can continue the same so this is a little complicated but what the research should researches of donny's pulled down data going back to the nineteenth century and they found a very clear correlation between aging populations the level of dependence versus people who are working and inflation going back how far back to eighteen seventy that's a significant sample that is a significant samples of that's quite that that's quite an achievement and it's very interesting what's less clear is why that would be the case now they flick it that a little bit in the research and there's two things going on you've got a a political economy explanation if you like which is when you got more older people by favor lower inflation because they have to leave office savings and the degree to which that political sort of influence ways on the central bank the central bank may pursue policies that encourage inflation and then the other sort of story is it's more about the natural rate of interest in when you got lots of people that pushes the natural rate of interest and that also encourages inflation to rise airlines thirty seconds got a touch on this quick this bitcoin item quickly it.

president argentina imf donny thirty seconds
"imf" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:42 min | 2 years ago

"imf" Discussed on WNYC 93.9 FM

"The world and you engage in what you call capacity development can you talk for just a moment about you know toggle ing between the crisis management and the kind of growth development that uh that the imf also dust yes so the mission is about improving financial stability and prosperity as a result of that who engaged in three lines of business the one that you mention first which is the one that we are best known for because it's more visible is the lending of lost result when those countries cannot finance or refinance themselves on the markets because they situation is is very bad and in that case we lend international community money in consideration for commitment on the part of that country that receives the loan to actually fix its public finances take some necessary measures to restore its financial stability and be able to yet again access markets so we enter into those agreements on the short term basis with sometimes difficult measures that have to be taken rapidly which is often called austerity but my view it's more like discipline that should have been observed in the years before and that we have to help the government in place administer and implement so that the country can again become independent financially and economically there is complaining of course in retrospect a lot of countries where the imf intervenes as the lenderoflastresort often they end up being resentful of the terms that are imposed on them as you noted you know you're prescribing medicine that they should have been taking for years and they weren't hats whites come to that can you.

imf
"imf" Discussed on Dumb People Town

Dumb People Town

01:45 min | 2 years ago

"imf" Discussed on Dumb People Town

"Imf loans accent no accent yeah eleven wearing do you remember having him i never i never really had it because my mind dad has such a thick that it's such a thick accent that i think courage is kind of lay bill ride to not ever really thick southern accent my dad sounds like hank hill from god god jamie macomer in breakthrough car where worry inch in now i really chase funny she wrote a book about ruins israel we got one unscrambled box was where you want your on hbo heibloem our get over here read that way but she jamie rogue the machinists from montreal was hoping to prank snow removal crews in his neighborhood with a fake car he made after the storm on monday here's what i love the car he but he made it was the dolori in dmc 12 from back to the it is a gifted ice scott also made a fuss capacitor on the inside that you could not didn't have to it was eroded cell xing yes while sometimes you do jokes yourself on stay dallas muharem you always theo little extra like it has to be a little bit of realism derek really tricked people the kukhta girl for this man what is the real they wrote the real no no kucera there institute or kk saved marine corp and i say cooped declare ride it i'm saying that the way for it so the coop grow i was hoping you guys could chewed or coop digwa the coop degryse digress these was a real windshield wipers he had found across the street while working on the project plaisted inconspicuously as if it were the only exposed part of the car so they walk up.

hank hill jamie macomer montreal derek marine corp israel hbo theo
"imf" Discussed on FT Alphachat

FT Alphachat

01:40 min | 2 years ago

"imf" Discussed on FT Alphachat

"Ending in of creditors and therefore this is what we do of course this has enormous distributional consequences because you shift adjustment burden from the balance sheets of creditor banks to the balance sheets of irish sovereign and so it's a tradeoff between long run financial sustainability in ireland versus presumed global financial stability and this wasn't discussion which was especially intense between must in full furnace parts of the imf and they see cb and also the commission the predominantly between the imf and the and in the end as we know the concerns about financial financial stability one out diva within the imf i think he would find people who were advocating the one solution versus the other so we'll never know if attorney would have worked very well or if it would have ended up in a significant financial volatility but have been in that case how difficult was it's take the decision on cyprus when these for me that was a landmark moment where the the euro area said what she we all grains palin senior bondholders banks in this in this kind of these kinds of crisis situations where affectively to banks console themselves anymore initially i think partly to g with the way that the results that discussions were presented maybe that was quite a lot of worry of quality in the markets but how that was going to play out but then thought then seem to become the template for what we did off to ever use the word there.

ireland imf attorney cyprus palin
"imf" Discussed on Freakonomics

Freakonomics

02:02 min | 2 years ago

"imf" Discussed on Freakonomics

"Omically costly activities we've done presumably there might have been a lot less of that over the past century is well possibile the you know i used to think exactly along the lines of what you said uh until eventually i i heard than read about you know those first female terrorist and female only terrorists which was a big uh a big letdown to that theory that women are not attracted to violence well no rain at a rate exclusively male but no no you're right you're right yeah i mean even if you look at king's versus queen throughout history it does seem the term we men are you know a little bit more inclined at somewhere between a little in a lot more inclined to violence that's how they quite a few places where actually queens where hardly allowed except as as wife of the king the so that would reduce the pools from yahoo well and it's possible that the kind of queens who were allowed may have been necessarily warmongering queens to interesting let's talk moan about the relationship between the imf which is based in dc and the us federal government so a few years ago you complained or stated i should say that the us had not contributed to the imf s a fundraising although that since been rectified i understand but additionally the imf sp positions on trade and climate change and many other issues are almost diametrically opposed to many of president trump's positions you've said for instance that a quote you to yourself restricting trade uh is a clear case of economic malpractice so i'd love you to describe for me the interaction's or conversations you've had a with president trump or his administration about any of these issues you know what i say is very strongly based on rooted in a analysts this off facts off numbers all f growth improvement of economic circumstances productivity innovation and so on so forth and we all agree that.

imf us trump yahoo climate change president
"imf" Discussed on Freakonomics

Freakonomics

02:19 min | 2 years ago

"imf" Discussed on Freakonomics

"On for one low transparent fee betterment manages your money for you and invests it tax efficiently and for a limited time you can get up to one year manage free more at betterment dot com slash freak betterment rethink what your money can do we're speaking today with the managing director of the international monetary fund christine lagarde okay deco in two thousand sixteen she was appointed to his second fiveyear term it got off to a shaky start with the resolution of a legal issue dating back to her time in french government during the sarkozy administration the guard was accused of giving preferential treatment to a politically connected french businessman in a case it ended up leaving taxpayers on the hook for hundreds of millions of dollars finally she went on trial taking leave from the imf and she was found negligent by the court but she wasn't find or given jail time nor was there any accusation that lagarde had gained any personal benefit she went back to work at the imf with the full support of the board as well as world leaders a few months later her name was even floated as potential prime minister of france after emmanuel macron's election as president it is hard to imagine any kind of top tier shortlist anywhere in the world where the guards name would not appear she's considered fiercely intelligent principled but pragmatic a serious minded person with an impish sense of humor and an ability to make firm demands without bullying this balance has served her institution well the world is nearly forgotten that the imf sp previous managing director dominique strausskahn resigned after being charged with sexual assault of a housekeeper in new york city hotel when lagarde replaced him in two thousand eleven she became the first woman to lead the imf before that she was the french finance minister and before that chairperson of what was then the world's largest law firm baker and mckenzie the guard was the first woman in those jobs as well i'm guessing it gets tiring being asked questions about being the first something rather than questions about being the something itself.

managing director imf prime minister france emmanuel macron president dominique strausskahn assault french finance minister law firm baker international monetary christine lagarde sarkozy new york city fiveyear one year
"imf" Discussed on Freakonomics

Freakonomics

02:19 min | 2 years ago

"imf" Discussed on Freakonomics

"Or reckless behaviour when you know someone is there to rescue meanwhile economists on the other end of the spectrum joseph stiglitz and paul krugman for instance they argued that the imf promoted an agenda that was an interventionist enough the imf was criticized for pushing what was called the washington consensus a one size fits all reform model promoting free trade and capital flows deficit reduction privatization and the slashing of subsidies more recently the imf smooth controversial bailout was the greek tragedy it began before christine lagarde's rival but has continued to haunt the agency and her with the imf accused of everything from complacency and poor due diligence to demanding measures of compliance that are hopelessly unrealistic so you can see why the imf might be eager to reposition itself is something more than the lender of last resort which can feel like a loser lose proposition indeed in a two thousand fourteen speech to latin american leaders the guard declared that this is quote not your grandmother's imf she has stressed the importance of policy issues like climate change inequality and helping out the losers in the freetrade game this means theoretically less bailout work and more preventive work the imf second line of business which it calls surveillance and countries commits to each other through us to be audited if you will and receive recommendations that they typically should observe if they want to improve the situation so that's the surveillance line of business and we do that with one hundred nato nine countries the third line of business is the one that has most recently developed and develop the fosters and that is what is called capacity development which is a bit of an obscure word to actually described the technical assistance all the training that we provide at the request of countries to help them in a manner instead that reorganize they exchange rate mechanisms restore sanity in they public finance in general collect taxation better.

paul krugman imf free trade christine lagarde joseph stiglitz washington latin american climate change
"imf" Discussed on Freakonomics

Freakonomics

02:08 min | 2 years ago

"imf" Discussed on Freakonomics

"And doing the right things and we think that this is just hurting both the financial stability and the prosperity that our our mission and we have in particular provided a lot of technical assistance on anti laundering and on countering the financing of terrorism and we have specific services technical assistance training made available and a very close collaboration with fought off which is the international institution in charge of fighting that we are going to be sort of stronger and deeper into these issues because i'm personally and i think the board is now supporting this very frustrated with the fact that we engage we enter into dialogue we commit resources are people work on the grounds and if it is in a to discovered that they are undisclosed loans that there is fiddling with the accounts then it's really not fair on the international community and not fair now for the population and not in compliance with our mission the imf over the decades has had plenty of critics even just among economists milton friedman wanted to abolish it he argued the imf had outlived its original mission of supporting the global monetary system it became he said in 1991 a relief agency for backward countries and proceeded to dig deeper into the pockets of its sponsors to finance its new activities and that he said was the mission of the world bank the imf sister institution which was also founded in 1944 at bretton woods here's what friedman said quote now you have to agencies to promote development both of them in my opinion doing far more harm than good friedman's point was at government was generally more of an impediment free markets than help but institutions like the imf and world bank also create what economists call moral hazard that is your more likely to engage in risky.

imf milton friedman bretton woods milton
"imf" Discussed on Freakonomics

Freakonomics

02:20 min | 2 years ago

"imf" Discussed on Freakonomics

"The imf spending fathers as lagarde has called them were the british economist john maynard keynes and the american treasury official harry dexter weight they wanted an institution that would promote a stable international monetary system and help create an economic network that would incentivize peace marla carry on financial conference pose on the hotel law these meetings are to us just after the second world war and everybody at the time food that it would be much better to have the multilateral dialogue rather than go to war in this goes back to britain woods yes yeah bretton woods new hampshire 1944 new hampshire delegates from forty four allied on associate countries arrived for the opening of the united nations monetary on financial conference in forty four countries deciding that talking sharing opening up was better than closing down and entering into war now most people who think about the imf which is probably not that many people on a daily basis but when we do we usually think about you in moments of fiscal crisis in some countries that we probably don't really know that much about maybe not even know where it is but obviously the imf does a lot more than that you or the socalled lender of last resort but also you monitor the economies of nation states around the world and you engage in what you call capacity development can you talk for just a moment about you know toggle ing between the crisis management and the kind of growth development the uh that the imf also dust yeah so the mission is about improving financial stability and prosperity as a result of that we are engaged in three lines of business the one that you mention first which is the one that we are best known for because it's more visible is the lending of lost result when those countries cannot finance or refinance themselves on the markets because they situation is is very bad and in that case we lend international community money in consideration for commitment on the part of that country that receives the loan to actually fix its public finances take some necessary measures to restore its financial stability and be able to yet again access markets so we.

lagarde world war united nations imf john maynard keynes american treasury official harry dexter international monetary britain
"imf" Discussed on Freakonomics

Freakonomics

02:21 min | 2 years ago

"imf" Discussed on Freakonomics

"Who would you rather spend time talking to freak anomalous rainier or the world bank let's be honest today unfree comics radio we will hear hoelgaard treats imf members who don't follow the rules we warn the authorities that this is not acceptable and that expedited measures must be taken to keep the bus on the road we'll talk about economic policy making in gender if lehman brothers had been limon sisters it would be a different story and it takes a lot to impress four surprise christine lagarde but it happens you know what there is one thing that that totally new my mind it's coming up right after this and then and then hanged from wnyc studios this is freaking out mix radio the podcast that explores the hidden side of everything here's your host stephen governor all right let's begin if you would appreciate your name and what you do okay my name is christine lagarde and i am currently the managing director of the international monetary fund can you describe what you actually do in a in a given or typical day okay uh i spent about fifty percent of my time at headquarters here in washington and fifty percent of my time travelling to member countries because the the imf the international monetary fund has one hundred eighty nine members that all countries that occasionally will request my presence and i have to attend those a g twenty g seven and various meetings around the world so any given day in washington i would typically get up very early at about five ish in the morning i do exercise on a daily basis when i'm in washington what do you do for exercise why i do i do well i'd i combine yunan i'm a multitasking as so many women do and i read some material that has been given to me the day before and i do stationary bicycle for about forty minutes.

lehman brothers christine lagarde wnyc studios managing director washington imf stephen international monetary fifty percent forty minutes twenty g
"imf" Discussed on The Cryptoverse

The Cryptoverse

02:00 min | 3 years ago

"imf" Discussed on The Cryptoverse

"Emilia m i am i completely missing the point of this as anyone else had to this end can you can you shed some light on for me somehow so please let me know in the comments below for today's show and i'll i miss this or other gold bygone is it just a complete rubbish when it comes to represent bitcoin on a theory mona moving onto this article on the foundation for economic education liz this lady christine lagarde odd am the paris native who has held the position as the head of the imf which is the international monetary fund since two thousand eleven as he says the onus of problems with existing cryptocurrencies fixable over time so these articles by jeffrey took a minor who he is he says in a remarkably frank talk at the bank of england conference of all places these managing director of the international monetary fund speculated the bitcoin cryptocurrencies have as much of a future as the internet itself well it could displace central banks a conventional banking and challenged the monopoly of national monies yes we know that book when christine lagarde managing director of the imf says it we we all stop and go wild so is it also equality of same quotes not so long ago some experts argued that peissel computers would never be adopted and the tablets would only be used as expensive coffee trays so i think it may not be wise to dismiss virtual currencies clothes quote see that's the difference wisdom it's very hard if you are kneedeep or nick deepal even forehead deep in the old banking system to admit that's the thing to admit even if you see the power of cryptocurrencies it takes a very big passed in to admit that it is going to eat your lunch right.

bitcoin managing director international monetary fund central banks banking system christine lagarde paris bank of england nick deepal
"imf" Discussed on Monocle 24: The Globalist

Monocle 24: The Globalist

01:32 min | 3 years ago

"imf" Discussed on Monocle 24: The Globalist

"Probably next week or something like that having said that we're still onshore there's been no you know statement from uh the authorities here to kind of confirm uh be eggs lactaid what we know is that they'll be essentially waiting for an appropriate time um uh based on as they say opts smith management of greece's public that so we'll just have to wait and see on that one but the one thing that needs to be noted is that coming out of this meeting of the imf oh we know what they're gonna say basically that the greek debt is unsustainable um so we don't we know if that's gonna have essentially a big impact on the markets and if it was worth weights waiting for the greeks and and recapitalisation of ten billion euros needed the from says yes i mean that's the unfortunately the for the greek banks of recapitalisation will be necessary that's what they've been saying um you know it's all the common knowledge if you will um map we don't know uh if via the markets are gonna be used seriously impacted by uh you know all this reports um we'll just have to wait and see if and when the report comes out and if and when the greek decide to tap into the bond market some missing on now now we've visit to athens who'll enjoyed i'm sure coffee agree coffee on the pavement but it seems like we might have been there illegally uh rent for of uh spaces on on pavements.

greece athens imf
"imf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:52 min | 3 years ago

"imf" Discussed on Bloomberg Radio New York

"T now as you know one of the big discussions about this has been the imf involvement and the lack of it so far in this current bailout in the deal that was struck last night when he wasn't enough for the iom athens you pay out as yet what christine lagarde the head of the imf date agreed was to participate but without bailout thumbs she talked about a fourteen month a stand by law oh to the tune of about two billion dollars to the has been some progress on that front percent say the question of debt sustainability still hanging yes oh the imf not completely happy with what happened in luxembourg yesterday what about greece itself walls the compromise everything that the country was looking for the compromise wasn't average thing that greece is looking for so of course what greece would have wanted was recognition from the imf on debt sustainability that would have eased its access to being included in the ecb bondbuying program and of course this is not what has happened so far at ecb due to make a statement afterwards saying we take note of the eurogroup discussion which we see as a first step towards securing debt sustainability but as i say this agreement fell short of that so far i mean that was on the progress for example there was a french proposal that was added as a probation on a debt relief would basically beat tied to growth recalibration in debt profiling would account for changes in greece inscribed suffering sample if greece is less than expected it would have to repay less of its debt but still questions over that sustainability and this is something that's going to have to be we address so really you could ask whether this is real progress or whether it's just for kicking the can't down the riot came navy thank you so much for joining us live from luxembourg this morning say following at that great care creditors story as say yes thank you very much for joining.

the deal iom christine lagarde imf luxembourg greece ecb two billion dollars fourteen month
"imf" Discussed on The Tony Robbins Podcast

The Tony Robbins Podcast

01:39 min | 3 years ago

"imf" Discussed on The Tony Robbins Podcast

"That that we are designed to eat the in there they have no nutrients their full of processed and refine things like sugar and uh they're just empty calories and and they're going to contribute to bc the and a whole bunch of other health problems so to we can say what are the basic principles of a healthy diet that apply to everyone and again we will use those lenses that i mentioned before we look back and we say what did humans eat for the vast majority of our evolutionary history in our natural environment where we eight primarily meet imf and fish wild fruits and vegetables not sincethe and some starchy plant so starchy pot plants or things like sweet potatoes and maybe potatoes and and other kinds of starches and not the doubt form the basic template for most human beings for seventy seven thousand generations and you know so that's the starting point and then we we look again at these traditional cultures within that template within that group of foods some people ate a lot more carbohydrate they'd a lot more plant foods and less me whereas in another group they ate more me and less you know carbohydrate rich foods so we start with the basic template and then from there we customize based on our own individual circumstances so my plan that i talked about my book is that everyone should start with this kind of what i call a reset diet which contains only the foods that i just mentioned.

imf
"imf" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:28 min | 3 years ago

"imf" Discussed on Bloomberg Radio New York

"Investment in egypt has been very low over the last few years and has not kept up with the economic requirements and what we're hoping with this this imf programme they've tackled the first part they tackled capital inflows they've tackle the ability for the government to meet its deficit we we we're not concerned more about meeting its external funding requirements but the next stage really will be to boost economic activity to boost investment to create jobs to improve the structure of the economy over see whether all of this materializes joining us there from abu dhabi of course from she's a chief economist there markets released there's plenty more because we check out some of the stocks to watch as markets across the gulf gets started trading this is giver yeah yeah yeah.

capital inflows abu dhabi chief economist egypt imf