CNN’s Erin Burnett talks to Ali Asghar Soltanieh, a nuclear scientist and Iran's permanent representative to the International Atomic Energy Agency (IAEA) about Iran's expansion of nuclear activity.
Sears, once the largest retailer in America, announced it lost $2.4 billion dollars last quarter. Do not despair American companies are not on the decline. Facebook is already rumored to be valued at $100 billion. That's just one example.
In this I.D.E.A. interview, Erin Burnett speaks to LinkedIn co-founder, Reid Hoffman. Hoffman invested in Facebook at the beginning, along with 80 other startups, like Groupon, Flickr, Zynga and his own company, LinkedIn, which personally netted him more than $1.7 billion. He also just wrote a book , "The Start-up of You" in the second part of our interview, he talks about how he picks his bets.
What is I.D.E.A?
Every week CNN's Erin Burnett will interview Innovators, Disruptors, Executives and Artists seeking bold and innovative answers.
Gas prices jumped 3.3 cents a gallon overnight on fears that Iranian oil, the world’s 4th-largest stash of crude, could be disrupted.
Iran recently halted oil shipments to Britain and France after the European Union imposed sanctions on Iran's crucial fuel exports.
The sanctions are part of the West’s efforts to target Iran's critical oil sector and rein in Tehran's nuclear program.
And Iran has threatened to halt oil supplies to other countries.
It would hurt consumers around the world and in America.
Jim Bianco, president of Bianco Research and a member of our economic strike team, says the move would send the United States into another recession, with gas prices hitting $4.75 a gallon.
But the move would also devastate Iran.
We’ve crunched the numbers and 80% of Iran’s economy is linked to oil and natural gas.
Still, would Iran do it?
Rudy Giuliani was the mayor of New York City on 9/11 and has made fighting terrorism a career.
He says Iran is “very good at threatening” but we should take their threat seriously.
The former mayor thinks there is a “much more difficult and dangerous situation” looming for our economy and our national security:
A nuclear capable Iran.
“We need leadership and I think President Obama has made this much more complicated by being such a weakling with regard to Iran. You know a couple - a month ago he writes a letter to the Ayatollah, asking the Ayatollah to talk to him. It is absurd writing a letter to the Ayatollah. It's like writing a letter to Hitler."
Giuliani added, "It is nuts. Instead what he should be doing is convincing the Iranians that he is serious that if he had to he'd bomb the hell out of them and they should believe this."
The President has repeatedly said that no option is off the table when it comes to preventing Iran from obtaining a nuclear weapon but that "a peaceful resolution of this issue is still possible, and far better, and if Iran changes course and meets its obligations, it can rejoin the community of nations.”