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Business Weekly Archive: In search of the new austerity

19/09/2009

In search of the new austerity

BBC World Service - Business Weekly Archive, In search of the new austerity

Includes John Thane, ex head of Merrill Lynch, and report on how to get China spending.

We hear from John Thane, former head of Merrill Lynch. We report how to get China spending. And how do you raise money in Las Vegas in a downturn? Plus John McAfee on losing a fortune.

Business Weekly this week has a truly global reach. In New York we talk to John Thane, the bricklayer's son who became head of Merrill Lynch - and then fell back to earth.
And we hear from Adam Levinson; the hedge fund manager whose reward last year was a cool $300 million. We'll have a report, too, from China, from the port of Dalian, about how the to turn a nation of savers into a nation of spenders. Economist Stephen Roach features. And in Las Vegas the President of MGM Miragehead, Jim Murren, tells us how to raise money in a downturn. Plus how John McAfee lost a fortune and gained a new perspective about wealth.

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