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CapitalAccount's video: Former Fed VP James Savage takes aim at Fedspeak Car2Go CEO on Back2Future Travel

@Former Fed VP James Savage takes aim at Fedspeak + Car2Go CEO on Back2Future Travel!
check us out on Facebook http://www.facebook.com/CapitalAccount Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta Welcome to Capital Account. As expected, UBS settled over accusations of Libor rigging, paying a 1.5 billion dollar fine. In addition to the settlement and guilty plea from UBS's Japanese subsidiary, regulators released details on the communications and internal emails of UBS traders. The messages were filled with colorful language, with traders calling each other nicknames including "Superman" and "Captain Caos," according to the Wall Street Journal. In one example, a UBS trader told a broker I want to "do one humongous deal with you" and "I'll pay you... whatever you want" in order to secure help manipulating rates. Although infuriating, this language is at least more straightforward than the public statements from the sanctioned rate manipulator, the Federal Reserve. Despite Ben Bernanke's suggestions for improving public communication, we still hear a prevalence of "FedSpeak." For example, at the most recent Fed press conference Ben Bernanke said "While in that circumstance the Committee would no longer be increasing policy accommodation, its policy stance would remain highly supportive of growth." We talk to James Savage, Managing Partner of Reputation Leadership Group and the former VP of Public Affairs at the Cleveland Federal Reserve, about what is lost in "FedSpeak." Plus the Treasury Department announced plans to sell its entire stake in GM within 15 months, according to the New York Times. Instead of government bailouts, how about innovating out of a slowdown or changing your business model? We talk to the CEO of Car2Go North America about Daimler's adventure in car sharing. In most cities, whether New York or London, there is a cab industry and very likely regulations that govern it. In New York the medallion system has become a speculative investment, with corporate taxi medallions increasing 1,000 percent from their average price of $50,000 in 1980, according to the New York Post. The Stockholm taxi system is less regulated and taxis are allowed to charge whatever price they like, according to Matt Yglesias. In DC heavy regulation limits cab companies from driving to or picking up passengers in certain locations. Lauren talks to some DC cab drivers and discusses one market antidote to the regulated taxi system. And from new revenue to no revenue, CBS reported Instagram is looking for ways to generate profits through advertising. Recently Instagram backtracked its invasive terms of use policy, which allowed the company to use users' photos in ads. Lauren and Demetri talk about privacy on the internet today's "Loose Change."

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This video was published on 2012-12-20 05:08:05 GMT by @CapitalAccount on Youtube. CapitalAccount has total 15.7K subscribers on Youtube and has a total of 395 video.This video has received 67 Likes which are lower than the average likes that CapitalAccount gets . @CapitalAccount receives an average views of 15K per video on Youtube.This video has received 32 comments which are lower than the average comments that CapitalAccount gets . Overall the views for this video was lower than the average for the profile.

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