35 Burst results for "$200 Billion"

Qatar's World Cup opener shows its reemergence after boycott

AP News Radio

00:42 sec | 2 months ago

Qatar's World Cup opener shows its reemergence after boycott

"Fireworks from the opening ceremony light up the sky about the elbe stadium as the opening match between gutter and Ecuador begins without any beer for sale in the stadium to be a ban imposed two days before the start of the tournament was the latest controversial snag for the global event already under scrutiny for got as human rights record and the Emirates is frantic push to ready to the nation for the most compact World Cup in history Over 1 million visitors are arriving this week to the tiny nation on the Arabian Peninsula gutter is the home to 3 million people Most of them migrant workers and has spent more than $200 billion for improvements for the games I'm Charles De Ledesma

Elbe Stadium Ecuador Emirates Arabian Peninsula Charles De Ledesma
Steven Moore Discusses the So-Called 'Inflation Reduction Act'

The Charlie Kirk Show

02:01 min | 6 months ago

Steven Moore Discusses the So-Called 'Inflation Reduction Act'

"Now is Steve Moore from the committee to unleash prosperity. Steve, this bill that the Senate passed over the weekend. It's hard to even know where to start with this. I'll just kind of give you the floor is yours. What are the big points that people need to know about this increases taxes, the green energy aspect of it increased the IRS. Let's start with the climate change part of it. Where on earth is all that money going to go to quote unquote fight climate change? Well, great to be with you, Charlie. You're right. You and I could probably talk for two hours about this is truly a dreadful Bill. 800 pages long. And I can't think of one good thing in this bill. Truly. I mean, I've read through, not the whole thing, but I've read through most of it. And it is basically just a massive increase in the size and scope of government and the invasiveness of government. And that's essentially the John Doe. I want to make one point right from the start, Charlie. If you count the $1.9 trillion Biden spent in his first months in office, remember that was the blue state bailout bill. And then that fraudulent $1.1 trillion so called infrastructure Bill, which was really the green energy bill. And then remember two or three weeks ago, they passed a massive corporate welfare Bill. That was roughly $200 billion. This one has a price tag of somewhere near. We don't know exactly somewhere 607 100 billion. That's $4 trillion. I mean, can you believe this? They're talking now, the left is talking about, oh my gosh, Joe Biden's like the next FDR. Well, if running up record amounts of debt, records amounts of red ink and deficits and record amounts of inflation, then he has been a quote productive president, but I've never seen anything like this in my 35 years. This will bankrupt our country. And let's just pray that we can stop this now. I'm not confident, but maybe there are maybe four or 5 or 6 fiscally conscientious Democrats left that might finally stay, hey, three and a half $1 trillion enough. We don't need another 700 billion.

Steve Moore Charlie Senate IRS Steve John Doe Biden Joe Biden
"$200 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:59 min | 8 months ago

"$200 billion" Discussed on Bloomberg Radio New York

"Ugly Friday after that inflation print in the United States particularly for risk assets equities in particular and it was also an ugly weekend for crypto And so ugly plus ugly probably sets us up for a pretty ugly Monday And it's starting to take shape here Bitcoin by the way is down to 26,722 so that means Bitcoin is down from 67,000 back in December of last year down to these levels today Equity pricing this morning definitely seeing red numbers here The nikkei trading off 1.6% the ASX 200 in Sydney down one and a quarter percent and that's even with that slow start there And also just looking at most of these benchmarks are going to be down in that range of one and a half to two and a half percent cost speed opens with a drop of 1.8% Futures pretty much the same story Hanks and index futures down 1.7% S&P E mini is off 1% and China futures down 8 tenths of a percent And if the inflation data wasn't bad enough set up China has warned the United States privately to avoid the Taiwan straight That's relatively new It warned both Taiwan and the United States over Taiwan independence that isn't particularly new but coming at a time when probably people would prefer not to see geopolitics rear its ugly head and the lockdowns linger in China as the authorities find it more and more difficult to contain these clusters The dollar trading stronger this morning up about three tenths of a percent and we're definitely seeing a sell off in oil as well demand hit WTI $118 and 86 cents with that setback in China but longer term the bulls see China as glory days for oil ahead Juliette back to you Yeah and just getting that South Korea data as well South Korea June first to ten imports gaining 17 and a half percent We saw the export number though actually come in with exports up by sorry it's jumping off my screen South Korea imports gaining 17 and a half percent exports falling at 12.7% Well as we've been talking about though that hot inflation read coming through from the U.S. a thunderbolt through financial markets U.S. consumer prices jumping more than expected 8.6% in May from a year ago to a new 40 year high Muhammad el Arian warning We haven't seen anything yet We get more from Bloomberg's Denise Pellegrini The economic adviser at Allianz and Bloomberg contributor says inflationary forces appear to have some real staying power right now I fear that it's still going to get worse We may well get to 9% at this rate An L area also telling CBS face the nation heard here on Bloomberg radio people will get hurt and not only investors It hits the poor particularly hard the L Aryan says the fed needs to explain what it got so wrong in order to regain credibility And he also says watch for at least a 50 basis point hike this week Did he spell a greeny Bloomberg day precache Well HSBC could make a substantial amount of money accessible in the spin off of its Asia business we get more from Rosalind shin A breakup of HSBC's Asia unit could unlock $26.5 billion or a 5th of its current market value This is according to the UK's Sunday times citing research from an in total consulting report It listed scenarios where HSBC could spin off its Asian business or just its Hong Kong retail operations into partial IPOs They report was allegedly commissioned by ping uninsurance HSBC's biggest shareholder Hang on has been leading a campaign to overhaul HSBC's operations in Asia The company's argued that banks investors would do better from being able to choose to invest in a pure play Asian business headquartered in Hong Kong Still none of HSBC's biggest shareholders have come out publicly in support of ping an's proposal I'm Rosalind chin Bloomberg daybreak Asia It is 5 minutes facial time for global news.

China United States South Korea Bitcoin Bloomberg Muhammad el Arian Denise Pellegrini HSBC Sydney
"$200 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 10 months ago

"$200 billion" Discussed on Bloomberg Radio New York

"Early summer at the latest And it's important because it not only authorizes $200 billion for domestic technology infrastructure and research but also appropriates $50 billion for semiconductor manufacturing here in the United States So this really is being sort of framed as a China competition Bill increased competitiveness and the competitive ability of the United States as it relates to China in particular The before I let you go let's go back to one other piece of old business I'll call it the bill that must not be named Build back better Nobody wants to use that name anymore but there's anything left of that is they're going to get to be any legislation out of that package All right we don't call it we don't call it inflation temporary anymore and we don't call that Bill but the build back better Bill anymore although you know I think our view has been and continues to be that you could very well see some remnants of that original proposal particularly as it relates to some of the climate provisions of funding for renewable tax credits for nuclear in particular Also could be coupled with some drug pricing provisions And then also some tax changes although much more marginal than what was originally proposed And then some deficit reduction That is very important for the key vote here as senator Manchin from West Virginia who does not want any of these provisions to add to inflation And being able to characterize this as a deficit reducing bill would help to sort of advance that narrative Well I got to say look you give the best congressional survey course I've ever heard There was really terrific Thank you so much That's lovely cantrell of pimco Still to come we'll talk with the.

China United States senator Manchin Bill West Virginia cantrell
Charlie Gasparino: Elon Musk Is Really Good at Disrupting

The Dan Bongino Show

01:58 min | 10 months ago

Charlie Gasparino: Elon Musk Is Really Good at Disrupting

"Charlie he said you know I saw a CNBC I was watching earlier Cheating a little bit and Becky quit I was going to say you want to get a cheating I know Just did someone slipped in a cut and said hey check this out Even Becky quick over there noticed what he said Elon in his letter to the board where he said quote I will reconsider my position Now that's obviously not an idle threat He knows that's going to go public He's got enough issues going on with the SEC He has leverage here Charlie It's not like he's some weak need little child I mean he has 9.2% of the company right now He liquidates his holdings I mean he suffers a little bit too It's kind of like the problem we have with China and their holdings of us right now But he's got leverage I mean he sells a lot of these executives are paid in options and warrants and all kinds of things They can do some real damage here Yeah and by the way he sells this My guess is that Tesla shares will go up Tesla shares the Tesla people don't like this I think he spread too thin anyway So I mean he might be on the back end if he sells these shares His Twitter stake Listen this is the 5th inning Anybody that says they know what he's doing They don't know him I don't know if he knows what he's doing other than being a disruptor And that's what he's really good at If you followed his career which I have I never met the guy before I haven't sat down and smoked the joint with him unlike Joe Rogan But I'm telling you that if you follow him what he's really good at is disrupting Now he made $200 billion disrupting the electric car vehicle market He's still disrupting And what's fascinating about him is you would think he's totally woke right Electric vehicle is wokeness He comes out and says listen electric vehicles are good for certain people and that not for the masses We can't stop drilling I mean this is Elon Musk That's why the left is so scared

Becky Charlie Tesla Elon Cnbc SEC China Joe Rogan Twitter Elon Musk
"$200 billion" Discussed on Past Gas

Past Gas

02:27 min | 1 year ago

"$200 billion" Discussed on Past Gas

"All right, another thank you to our sponsor this week, Valvoline motor oil. You know what it is? For the first motor oil brand, making them the original motor oil. But I want to talk to you about flex fell. Valvoline the number one gear oil brand has a new flexible pouch packaging that is super easy to use in tight spaces and produces less waste. Have you ever had to put oil into a rear end on a car? It's kind of sucks when the big plastic bottle doesn't really fit back there. It's kind of a pain, but this makes it so much easier. The squeezable pouch allows for less waste and easier application. They've got two full synthetic grades, 75 weigh 90 and 75 weight one 40, available for exceptional high and low temperature protection. It's also got an extreme pressure additive for better load carrying capacity and wear protection. If you have to refill the oil on your rear end, at some point soon, make sure you grab Valvoline flex fill. It's great stuff. Thank you very much Valvoline for sponsoring another episode of past gas. I love having your support, very cool to work with such a cool brand as Valvoline. So get it for your car. Today. Try new crystal for mild to moderate eczema. It works at in below the skin surface, and can be used on almost everybody, like on the dimples of a diva. Yeah, yeah, rolled your boat. Yeah. Well, you both. Or the shoulders of a chef. Look, mom, I made jelly beans on toast. Steroid for you, Chris oaks at and below the skin's surface. It blocks PD for enzymes, which is believed to reduce inflammation, even on the wrist of a rebel. What did you do to your hair? What? The specific way you Christa works is not well defined. Prescription you Chris that for mild to moderate eczema is for topical use only in ages three months and up. Do not use if you are allergic to you, Chris, Chris aboro ointment 2% or its ingredients, allergic reactions, including hives, itching swelling and redness may occur at or near the application site. The most common side effect is application site pain, such as burning or stinging. Come on, moms and dads. Check out you Chris a dot com and ask your doctor about you, Chris. Can I sing more and more song?.

Valvoline Valvoline motor Chris oaks eczema Chris aboro Chris allergic reactions Christa
"$200 billion" Discussed on Past Gas

Past Gas

05:00 min | 1 year ago

"$200 billion" Discussed on Past Gas

"And not just like a fight. He was like. Hezbollah. But it was like, I've never belonged to any secluded society. I associate with anybody rich poor. Doesn't make a difference. And then he puts out a fedora and rides away on a little penny board. Yeah, I mean, he's wise, he's very wise. He seems to be very self aware. Like I said at the top, man, he's, I've made a couple videos on him and a fair amount of research into his story. And he's one of my favorite dudes like he's and his son, his son, started spoon, right? I believe so. So a cool family. Cool family them hondas. Yeah, his wife kicked him out and said, stop making whisky. I don't want to go to the day, I'm store anymore. Go get a job, I'm not doing grocery shopping anymore. You can ride your dang bike. And he's like, you know what? I'm sick of peddling. And he turned it into a $200 billion business. I don't know how a radiohead of motor. No, it's a generator motor. Okay. To power like radios. Like towers, I guess. So it's a little kerosene motor. Like you know when we have a generator, we have the generator at the office. Because we don't have a electric grid. Our office is in the middle of an oil field. Yeah. So yeah, that was just like a little four cylinder diesel zuzu motor. So this will just be like a smaller version of that. Okay. Well, that was fun. I honestly didn't even think of the fact that no one wasn't here the whole time. No, I didn't miss them at all, but I hope his hands are big. It's a very excruciating procedure. I wish him the best. I wish him the best. I've seen the renders. I think he might be going to big surgeons renders. Yeah, it's not going to look natural. Yeah. I would have gone for like a more natural hand in larger. I don't think he needs it at all. No. He's got perfectly huge hands. Perfectly huge hands, but he's going like full on. Yeah. Big old hands. Yeah, he's gonna be able to like cup football. Like touch his fingers on the other side. Yeah. His set his goal is to be able to, you know, those memory balls, or like those. Yeah, the bells inside. He wants to be able to do that with basketballs. No. That one's ever done that before. Yep, that's Nolan. That's going for you. Real trendsetter. Well, thanks, you guys for listening to the podcast. If you want to follow us on social media, follow James at James pumphrey on all platforms, follow me at Joji Weber. If you want to write to us and tell us how much you hate us or how much you love us or how much we should talk about a subject that you want to talk about, email us at past gas at donut media dot com. You want to read this email from Vance from anchorage James? A cool idea for a past gas episode in my eyes would be the collaborations from outdoor clothing companies and car companies. Eddie Bauer, with Ford, Ella bean was Subaru, the north face was Chevrolet. I didn't know northeast did so much. I didn't know that either. Mainly taking place in the early 90s mid 2000s was the awkward and odd collaborations with these companies. Take Chevy in the north face. Ugly vehicles, the avalanche and trail blazer, dressed up with plastic outside and green and red and tears and considered ugly then, and now. My brother Jake and I, I'm Vance. I've had this idea for a while, so putting it out there. Thank you, Vance. Dude, thank you, Vance. That was a very good about those too. There's also like a nautica grand caravan. Really? Yeah. I only knew about the Eddie fart Eddie Bauer Ford, like the explorers and stuff. But I would love to do a podcast on weird collaborations between car manufacturers and whatever. There's that like gears of war, Jeep collaboration, which makes a lot of sense. Agro energy in that. There's a lot. Yeah. So if you have any suggestions like Vance, our boy Vance and his brother Jake and anchorage, email us at past gas at donut media dot com and take.

zuzu motor Hezbollah Vance James pumphrey Joji Weber anchorage James Ella bean Eddie Bauer Nolan football Ford James Chevrolet Jake anchorage
"$200 billion" Discussed on Past Gas

Past Gas

06:28 min | 1 year ago

"$200 billion" Discussed on Past Gas

"Song? Unlike the typical nepotism fueled corporate culture of the states, Honda's new president was chosen from among the employees. This decision is a perfect example of their merit driven corporate approach and set the tone for Honda's post CTO influence. Since his retirement, the ripple effect of soichiro's renegade methodology has affected not only the company, but the entire industry at large. As a result of Honda's dramatic rise over the following few decades, the entire western manufacturing process would change. As would the way the global automotive business was done. Honda continued to fill their management positions with engineers from within the company. True to soichiro's anti establishment views on higher education, the guys in the boardroom aren't just NBA Tony college boys who could be working at any corporation. Honda executives know their vehicles inside and out and have been with a company for years. It's a system designed to create mastery in the highest levels of the company. That's honestly have more company should operate. Yeah. Yeah. In his book, driving Honda, author Jeffrey Roth feeder gives a perfect example of this unique management strategy. At a groundbreaking ceremony of Honda's plant in Lincoln, Alabama, rather than a standard shovel, the keynote speaker corporate rep decided he is a Honda mulcher to make the initial tick. A little bit carny, but pretty cool. However, when the moment arrived, the machine wouldn't start. Wow, that's not a good. It's not good optics. It's a bad look. Bad luck did. After several failed attempts to suit himself hunkered down and tweaked the engine, then got a rolling. Okay, that's badass. Another example of Honda's actually his boy takeo fujisawa's lasting vision isn't the way Honda continues to keep their departments clearly delineated. They believe that people work harder and more innovative if they are not forced. That's true. The same goes for the way the company handles promotions. They don't hinge on conveniently open positions, but on the personal achievements of the candidate. To the pride of soichiro, Honda still obsesses over R and D, they even created a subsidy for young innovators who can develop ideas without interference from senior level corporate goons. That is honestly the best policy they could probably have. But I don't know how the integrity is still made it past. Yeah. I like Honda historically as of late, not a lot of inspiring stuff. It's true. In addition to its unique development mentality, the actual way Honda builds their cars has changed the game as well. Prior to the impact, the amount of waste at the American big three automakers was obscene. Not only were there literally tons of materials dumped and discarded during production, but the management structures were mired in inefficiency. At the time, because Detroit was selling their product, they didn't see the need to tweak their process. Honda and actually Toyota two changed all of that. When it became clear that Japanese companies were here to stay, American corporations finally decided to take a serious look at the manufacturing methods of their new rivals from across the pond. And the rest is history. From complete overhauls of assembly lines to wide ranging adaptions of Honda corporate philosophy, western companies were forever influenced by not only the ways they build their cars, but how they conceptualize the vehicles in the first place. So how far have we come? A minute ago, we were figuring out how to put a radio motor on a bicycle, and now we're talking about changing the world. The haunted motor company was a tiny startup that managed to penetrate markets halfway around the globe in countries with radically different cultures and political systems. They didn't have the shareholders of GM, the legacy money afford or the government bailout cash of Chrysler. CTO turned a little over three grand into a company that's worth over $200 billion today. Maybe the answer for our question at the start, how the hell did he do all this? Is actually an involving one. Like one of sea churros vats of backyard whisky. It's a living thing, constantly changing, which we now know is how Honda liked it. Well, that's a great way to tie it back. Yeah. In 1980, I'm just riffing, man. In 1980s, in the 1986 article for Inc magazine that's INC not the magazine. Kat Von D yeah feature. Joel kotkin noted that maybe the reason Honda constantly has the pulse of the consumer is because the man himself never lost touch with ordinary people. I have never belonged to any secluded society on to said I associate with anybody. Rich, poor. Doesn't make a difference. I prefer to have the principle of egalitarianism, rather than a class distinction of people. Honda is boring? Get out of my face, Honda changed the world, their corporate culture, manufacturing methods, and vision for the future were decades ahead of their heavily favored American competitors. This company may not have supercars or spaceships yet. They have a super car. But they do have past gases respect. When today, we learned that they got it. From the Einstein of Japan, the Henry Ford of hamamatsu, the genius in a fedora CT rohanda. Bow down. Nice. I really like soichiro Honda. And then you remember all these cool quotes coming from a guy under 5 feet tall. Yeah, I mean, that's like a big suit in a fedora. It's like a heads below was like wise..

Honda soichiro Jeffrey Roth mulcher takeo fujisawa NBA Lincoln Alabama Inc magazine Kat Von Detroit Toyota Joel kotkin Chrysler GM hamamatsu soichiro Honda Henry Ford
"$200 billion" Discussed on Past Gas

Past Gas

04:24 min | 1 year ago

"$200 billion" Discussed on Past Gas

"Age isn't real..

"$200 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 1 year ago

"$200 billion" Discussed on Bloomberg Radio New York

"All the market turmoil John U.S. consumers are in focus as well this morning yesterday was a banner day for online spending It's forecast to hit a record but it's also coming in lower than initial sky high estimates Adobe analytics says consumers likely spent as much as $5.4 billion online for Thanksgiving Day And outside of the pandemic and Black Friday we have another item of note this morning out of China Beijing is taking aim at another big tech company asking didi global to delist from U.S. exchanges Sources say regulators have asked company management to remove Dede from the New York Stock Exchange on worries over security All right let's take a look at these markets on this Black Friday It's a sea of red for equities S&P futures down 81 points down futures down 763 now NASDAQ futures down a 187 points that acts in Germany down 2.7% the cac and Paris is down 3.3% The ten year treasury is up 30 30 seconds the yield 1.52% yield on the two year .53 Nymex crude down 6 and two thirds percent down 5.21 $73 20 cents a barrel the Euro 1.1277 against the dollar Straight ahead your latest local headlines and the check of sports This is Bloomberg All right thanks Nathan 5 33 arm Wall Street hats under bring in Michael Barr with more on dwells is going on in New York and around the world John thank you very much sir Black Friday shoppers are coming out in force including here in the tri state area This man is taking advantage of Black Friday deals by being the first in line at a GameStop in Jerry hill New Jersey It's definitely worth it Now I'm going to sleep I'm gonna eat and then go to sleep Last year the tradition was severely limited due to the COVID-19 pandemic The crowds floats and marching bands were back in Manhattan for the Macy's Thanksgiving Day parade roll tide The university of.

Adobe analytics didi global U.S. exchanges Sources Dede New York Stock Exchange Michael Barr Beijing U.S. sir Black China treasury Paris Germany Jerry hill
"$200 billion" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

04:02 min | 1 year ago

"$200 billion" Discussed on Xtra Sports Radio 1300 AM

"17th the final day to submit Good luck. Uh, friends. He has a Limerick based off of last night's Monday night performance here. Todd, Are you ready to give us your limerick? I would love to. All right. Sounds good. Now that's one for silver and black lure as fans enter a new stadium door. Some skill and some lucky, but the wind goes to Chucky. What happened in Vegas will stay with me more. All right. Thank you, Todd. Thank you. Um, I saw where I want to give credit to whoever had this story. Uh, that Jay Z and Jeff Bezos are may be in the running of the Broncos are sold. Do. We knew that that report? I think it was Sporting Co. Which is a new like sports business. Okay, Journal. I'll double check that, though, Okay? Jay Z doesn't have the money to buy the Broncos. He's got. He's a billionaire. But he's uh Hit me. Remember when he did. The whole thing with Roger Goodell sat down with the commissioner, and, uh, you know, help helping with, uh, racial issues there with the NFL, and I thought at the time I thought Jay Z is set himself up to maybe be part of an ownership group. And He's got 1.4 billion. I think can't by the Broncos who are going to go for at least 3.5 billion, maybe $4 billion, but he could be part of a group, whereas Jeff Bezos I don't even know how many billions he's worth now. But let's say, Let's say the Broncos are $4 billion. Four billion to Jeff Bezos. Would equal what to the average citizen. So Jeff Brazos is rumored to be worth $200 billion. So at $4 billion, he'd be spending 2% of his net worth on the Broncos. Now let's say the average American family the median income is 79,000. That would be like an average American family spending $2500 on a family vacation. So if you make 79,000 what can you afford to spend 2500, And that's what Jeff Bezos would be. But if you're a football fan, do you want to buy just one team? Just a team as opposed to being a football fan that that once you become the Broncos owner? You're not a football fan. You're a Broncos fan. And I wonder if Jeff Bezos looks at it and says, Hey, I'd rather like Warren Buffett. Warren Buffett could have bought a football team or any team, but I think he wanted to just stay a fan. Yeah. McLovin by a J. Perez with front office sports. Okay, Thank you. Yeah, we've $4 billion Not. That's nothing to Jeff Bezos. Yes. Do you think when you go to a Broncos game, then all your food and beers will be delivered right to your seat. Oh, did their little Amazon joke. Do they have Amazon people at mile High Stadium, then deliver the food to you. Does his ex wife get half the team with the 50 yard line? He's done with all over. Yeah, he's done with that. Yeah. Shared some nice parting gifts there. She should buy a team The next day. She should buy like the charger by by somebody to compete against him. She just outbid him for the Broncos. Yeah, I'll take them. Thanks. Wait. I lost the bid to who? Uh, your ex wife Mackenzie. Yes, my clothes. I got the perfect head coach Dion Sanders for Prime Day at the stadium. Okay. All right. Pretty. I'm following you down that that wasn't good. Try the fish. Now. That's good. That was such a timeline. It was I really felt his energy coming over here. The background as I said that Oh, well, At least we got the limerick out of that segment there, man. Yeah, I agree. Final hour coming up. Talk about the Raiders win over the Ravens. And.

Jeff Brazos Jeff Bezos Roger Goodell 79,000 J. Perez 1.4 billion Warren Buffett $4 billion Todd $200 billion 2500 $2500 Jay Z Mackenzie Dion Sanders 2% last night Ravens Vegas Raiders
"$200 billion" Discussed on WBUR

WBUR

05:19 min | 1 year ago

"$200 billion" Discussed on WBUR

"From the latest covid surges to the fallout from the messy withdrawal from Afghanistan. But one of these crises literally hits people where they live. Millions of Americans are facing the end of the eviction moratorium and as well supplemental federal unemployment benefits. Key financial supports put in place to help people get through the pandemic. We wanted to hear more about how the Biden administration is planning to address what could be in looming financial catastrophe. And we also want to hear more about the administration's long term plans for addressing housing affordability for this. We called one of the key people tasked with addressing that the secretary of Housing and Urban Development Marcia Fudge, Madam Secretary, Thanks so much for joining us once again. Thank you for having me It's my pleasure. So first of all, we've just seen both the federal eviction moratorium and enhanced pandemic. Unemployment benefits expired within days of each other. I mean, states were encouraged to use other funds to keep those going for you have And as you know, the pandemic is not over. Do you agree with the languages? I'm using here right now that this is a crisis? How bad do you think it could be? Well, certainly I do think it's a crisis. I mean, I think that there are concerns that we all have certainly disappointed by the decision of the Supreme Court, and it has put us in a position where as you have said That people are not only losing their unemployment benefits, but many of them as well are going to lose their homes or their Their place is whether to rent or home and so we are concerned, but we're doing an awful lot. To make sure that we can abate some of those issues we're looking at right now still having resources in the field, some 40 plus billion dollars to assist people with with their rent. And Michelle, I can't even go. Forward, not just the rears, but we can pay in advance some of these mortgage some of these payments, and so that is being helpful. I want to talk a little bit more about some of the long term plans but focusing on housing again. As you just pointed out, there is money out there. There is substantial rental assistance funds available. That's been appropriated for this, but we've been hearing reports. In fact, we have reported jurisdictions were only a fraction of the money allocated is getting to the people who need it. Why is that? And how do you persuade people to push more money into the system? When the money is having trouble getting out the door now, well, two things that we are doing at her that we know we're going to make a difference. We are saying to any of our public housing people any of our landlords. You shall not you. You may not evict someone from your property unless you can show us that you have applied for the emergency rental assistance. So we're doing that both for homeowners and for renters. We have a four parents for homeowners right now through the end of September. And we are working to do modifications and other things that we think are going to be helpful going forward. So we have a huge number of people who are in a position, uh, to get these resources And then there's some states that just really didn't want to get the resources out. If you do want to know the truth. They just didn't feel that it was appropriate because we have people that believe, as I'm sure you have heard, the more we do. The less incentive people have to go to work. The less incentive people have to take. Um these low paying jobs that should not exist. You know, we should be looking at how we improve and raise minimum wage. How we make sure that people can get benefits when they go to work. But there is a philosophy A merited by some people that that we're doing too much so so we fight that battle as well. Okay, so let's talk about some of the long term plans. As you know, the Democrats in Congress are now focused on trying to pass. The president's build back better plan, and I'm not sure that people know that part of this plan does address housing affordability with an eye to rehabbing dilapidated housing, investing in more affordable housing going forward. I mean, obviously, this is a big project, but could you just talk a little bit about what this would do? Well, The first thing it would do is it would increase the supply of low income and affordable housing, which would then make the prices come down. The biggest problem we have right now it's just is that the supply So woefully short of the man and so people can get the top dollar. What we want to do is immediately start to rehabilitate and build new housing. So in the build back better plan There's about over $200 billion to do just that. So we're raising the housing trust fund, which is something that is going to reduce the cost of housing. We are increasing the amount of low income housing tax credits to assist builders, adding a new tax credit. To assist people who want to build housing. So what we believe that we can do is close the gap between what it costs to build housing and what a person can pay, so there's the substance. But then there's the politics and as a former member of Congress yourself I'm sure you're watching this closely. It's an open question whether Democratic leaders in Congress can get all of the president's proposed plan through both the House and the Senate. I mean, Senator Joe Manchin of West Virginia. You know, One of the moderates has already said he doesn't support the whole plan, citing the effect of $3.5 Trillion of spending could have on the national debt. What's your pitch to somebody like Senator Manchin? That this bill has to include provisions to make housing more affordable across the country..

Michelle Senate Congress $3.5 Trillion Democrats Marcia Fudge Senator Afghanistan over $200 billion end of September Democratic Joe Manchin 40 plus billion dollars Manchin Millions both One West Virginia Supreme Court House
"$200 billion" Discussed on KCRW

KCRW

02:01 min | 1 year ago

"$200 billion" Discussed on KCRW

"It's all things considered from NPR news. I'm Audie Cornish will look back at when the U. S killed Osama bin Laden in Pakistan in the morning, I think around 11 o'clock I switched on the TV and the news was there that Osama bin has been killed in Abbottabad. There was an American operation. How that operation had a lasting impact on NGOs working there more after news. Live from NPR news in Washington. I'm Windsor Johnston. Utility crews in Louisiana have restored power to nearly 70% of customers in New Orleans and all of Baton Rouge, about a week after Hurricane Ida made landfall in the state as a powerful Category four storm. Orleans Mayor LaToya Cantrell says the city has made progress since then. But a lot of work needs to be done. We have established a crisis cleanup hotline for post storm assistance, These will will be volunteers going out to assist our residents with again cleaning up Their homes and their areas as needed. President Biden has approved emergency declarations for Louisiana. The administration has also announced federal assistance for parts of New Jersey and New York that were hit by catastrophic flooding by the remnants of IDA. President Biden is expected to survey the damage in those states on Tuesday. New staff, new technology and even some new classrooms. That's just some of what schools across the country are buying with their coronavirus. Relieve dollars. NPR's Cory Turner reports. That's according to a new survey of school superintendents. The survey of roughly 400 school leaders comes from the school Superintendents Association. And it offers an early glimpse of how schools are spending. The nearly $200 billion Congress has sent their way. Among the most popular expenses. Three quarters said they were spending on summer school and other enrichment activities to help counter pandemic related academic disruptions. Nearly half also said.

Abbottabad New Orleans Cory Turner Osama bin Laden Washington Baton Rouge Osama bin Louisiana Tuesday Audie Cornish Pakistan Congress New Jersey New York NPR Hurricane Ida Superintendents Association Orleans around 11 o'clock nearly $200 billion
"$200 billion" Discussed on KQED Radio

KQED Radio

01:30 min | 1 year ago

"$200 billion" Discussed on KQED Radio

"China affairs correspondent John Ruiz reports. The bill passed with more than two thirds of the Senate in favour, which highlights the level of alarm over China's burgeoning tech prowess. The world is more competitive now. At any time since the end of the second World War. Senate Majority Leader Chuck Schumer was a key sponsor and led the charge to get it passed. If we do nothing Days is the dominant superpower. May be ending. We don't mean to let those days end on our watch. We don't mean to see America becoming middling nation in this century. We mean for America to lead it. The bill pours close to $200 billion into science and technology, research and development through grants, scholarships and other channels. It also allocates $52 billion in emergency funding to boost semiconductor production in America. Michael Santoro, a business school professor at Santa Clara University, likes the basic research funding, but says the money for semiconductors is misguided. The U. S already leads in chip design and most cutting edge microchips are manufactured in Taiwan and South Korea. Both us friends where zagging at the precise moment where we should be zigging. So what is it that makes America strong? Not industrial policy. He thinks China will probably see the bill as ineffectual. It also won't change Beijing's thinking, Why would you change when when your competitor you know, has told you that they're afraid of you, and they're starting to mimic your tactics. The White House put out a statement saying President.

Michael Santoro John Ruiz $52 billion Taiwan South Korea Senate Santa Clara University $200 billion Beijing second Chuck Schumer White House U. S America more than two thirds World War Both us Majority Leader China
"$200 billion" Discussed on New Jersey 101.5

New Jersey 101.5

02:11 min | 1 year ago

"$200 billion" Discussed on New Jersey 101.5

"I know is that we should not be paying people to take a vaccine. In a state where we are $200 billion in debt. And we don't have any money. If New Jersey won the Powerball lottery $380 million, we would still be $199 billion in debt. What do they What do they pay these people out of the sports betting money? What Abyss did that money go into the millions of dollars and we never seen the marijuana money. We can't even get that legalized for you. Where we get the money for these people. Oh, I forgot. You and me 1 802 831 on 1.5 Johnson, Berkley Heights on New Jersey one a 1.5. Hey, John. Hey, Steve. How you doing? Great show. Thank you, pal. What do you think? Well, first of all, if they're gonna pay anybody to take the vaccine, they should be paying people. You're right. They should pay the people who already went out and got it. And they should probably fame a little extra because they were the first about theirs to go out there and get the shot. So I believe in that, But I don't think they should be paying anybody. It's your decision. They're trying to get people say like me that I will not get the shot because yeah. Might kill Cove it But where's the research? What happened? Steve 2345 years down the road. You know any other drug? It takes 10 15 years to get approved on this things out. Like lightning, you know? So you know, they're just trying to get people like me to say. Well, hey, but gets the money. Why not? A month We get the shot. John. Helen's What kind of an insult is that to your intelligence? That weakened by this guy off for a few dollars. Oh, yeah. What are they saying about that? They just think that they think they're so white. They grow it in our face like this is what's happening. You can't do anything about it. We're smarter than you are. You're so stupid. Weakened by you. So his $100. Thanks for the call The New Jersey one of the 1.5. What's next? 30 pieces of silver. All right. Steve Jelly's for the home team. My guys, the park's casino sports book Gap, official Sports book partner of the real sports fan, Thea Happy's Easy to Use Safe and reliable. Nobody does a better job with live in game play by play, betting..

Steve $100 Steve Jelly John $200 billion $199 billion 1 802 831 $380 million 30 pieces Helen 10 15 years 2345 years millions of dollars first Thea Happy New Jersey Jersey Powerball lottery 1.5 Johnson, Berkley Heights one
"$200 billion" Discussed on WCBM 680 AM

WCBM 680 AM

02:40 min | 1 year ago

"$200 billion" Discussed on WCBM 680 AM

"Great job, guys. Where to go on that would give it away. Give it away. Give it away. That's basically the real plan. Raising taxes, killing jobs, wasteful spending. Let's look at some of the numbers here. They're pretty pretty eye Opening $80 billion for the I. R s Which even the Obama former iris chief said was unnecessary. The $200 billion to permit We extend Biden's new Obama care subsidies. Biden's proposal would double the capital gains tax from 20% to 43.4%, the highest rate. In modern times. The Tax Foundation project Jack seven on Lee, not only hiking capital gains it would shrink the A comedy would actually decrease Federal revenues by $124 billion. Over 10 years. Maybe. If you whisper, he'll hear you. Stop it. Stop the spending. Stop the tax increases. This is a attack on democracy. Wow. So again, I think the worst thing that came out of it last night. It was serviceable. It was 64 minutes. It's the longest modern day a speech to joint session of Congress and the President Trump was 16 years first one. Going on back to Reagan. He was half an hour. He was done. They've just gotten longer and um or plotting And again, they each of these presidents always feel compelled to put every single thing in their program instead of just focusing. I tell you what was not addressed. Last night was the border crisis. We'll get into that. That didn't come up. And I think there weren't any major gaps on them. The build back better. We played at the top of the hour, but there were some interesting things that were said last night. One I think was just completely outrageous. We'll tell you what there was in moments. 6 13 times, wcbm traffic and weather on the threes. The update. Now, here's a guy that always build back better. Very own. Look, it's Johnson. Always constructing. That's right. You are always constructing in deconstructing I started this way in the sandbox. Way back when yes, you did in the playgrounds of Irvington. Yes. And look what we've done for that You are a Redskin at one point. Yes, I was Edmondson Redskin. That's right, admits and high We used to go down the street and hollered through the for the offensive, Frank Hi Geils. He's never recovered from that. Apparently, he did not. He did not. But his voice did change following so that was good. They're free some light rain in the area. And with that we've had a wreck.

64 minutes Biden Obama 16 years $200 billion $80 billion $124 billion 20% Last night Reagan last night Frank Hi Geils half an hour Over 10 years Johnson Tax Foundation 43.4% each Irvington Edmondson
"$200 billion" Discussed on WMAL 630AM

WMAL 630AM

07:13 min | 1 year ago

"$200 billion" Discussed on WMAL 630AM

"He's he's a railroad man. He was vice chairman of the board of Hand track because you know his dad got him the job. And what good is a man if he can help out his kids? You know, like that, now is going to be teaching a class at two lane University to a university. It's really it's that you should be teaching at a one lane university before he gets better boom, But he's gonna be about fake news. Hunter Biden. He's a teacher. Now. That's That's good stuff. Also this amazing story that pop today Victor and Michael were sharing with me this morning. Funny stuff, eh? Of course, an Ivy League Harvard educated Texas lawmaker member of the state has they're declaring because they're debating whether you know the transgender athletics bill in high school and college and all that good stuff. Democrats here, of course in favor of You know the wrong They're on the wrong side of this the wrong side of history, and they're very much and they're excited. But we got this Democrat down there is an elected member of the state. Has he says that there's six genders 66 genders. Six Texas Not too We don't forget the whole chromosomes thing and that, you know, science because now there's modern science, modern science. Just like you know, there were certain regimes and 20th century that created their own version of science. And things didn't work out very well with those regimes. And we've got one here Now We've got one of those regimes here now. And here. Is this Texas lawmaker. I get into this stuff saying that they're not not to. Gender is not one. Not one gender. Not two. Not three, not four, not five. That's six. How many genders are there on? What is it? Facebook? They're like 58 genders to choose from. You can choose small kind, generous in in the UK because they're a little more. They've always been a little you know, buggery and all that stuff in the Winston Churchill spoke so eloquently about all of them. They have even more. I think they have 70 something genders on the Facebook on the Facebook in in the UK, Great Britain, the United Kingdom, all of those places at once. And yet remarkable, and now we've got this guy he went to Harvard. You know, it's not so sure he went to Harvard, and he knows how many genders there are, and it's a modern science, he says. There was six There is six genders. He has an actual number. It'll change in a few months. There will be a completely different number in a few months. Really. It's like Angela Lansbury in the Manchurian Candidate. Just keep changing the number except Joe Biden is the James Gregory character, the dunderheads senator their remarkable stuff. Also, we have updates on Camelot. Harris is Children's book being handed out at the Southern border turns out not so fast, little trickier than we had originally thought, and it's led to all kinds of mayhem at The New York Post with a reporter resigning Invite kind of a waste of gesture there on her part, but we'll get into that, too. And S O. That's ah, that's making so that the Washington Post is all over the story. Today that turns out well, it's a little more tricky than with you with Campbell Harris. There was the Camel Harris book and the Gift pack and this swag bag, But from that point on, it gets a little more complicated The way the story was initially reported, perhaps not the best and most complete reporting in the world. But but we'll get into that with, you know, God forbid we'd have incomplete reporting are reporting that isn't entirely correct way we keep our eyes peeled for that sort of thing. You know, like Russian collusion and fire extinguisher to the head. And now that the list is long but not distinguished, remarkable stuff. We are, of course at 86309625. 8886309625 and I, You know, we have Joe Biden's big speech tonight. It's a very exciting night for amaze been. He's been working toward this since 1972. I think Are more accurately 1972 since the was that just in the last century or the one before he he's given the years ago many years ago during the Reagan administration, he gave the Democratic response Two way state of the Union by President Ronald Reagan. Ronald Wilson Reagan the one of the greatest presidents in the history of humankind, not just the United States, but anywhere in the world. And Joe Biden gave the Democratic response back then, and you know what? He had less hair. He had less hair back then that he has now, which is kind of interesting. Since that was the 19 eighties. That was 1980 something, but he's been there and he's been angling toward this big night since 19. I think 1972 when he was when he was elected and became the was sworn in as the senator. Very young. Shortly thereafter and now he gets to. It's not technically a state of the union because he hasn't been in for a full year. So it's a It's an address to a joint session of Congress and they've got all kinds of free stuff in there that not free for you. But it's just, you know, promises more promises of hundreds and hundreds of billions of dollars. Really. Trillions of dollars is going toe, You know, Never mind that 1.9 Trillion that thing that we just passed with the Gemellus and the 900 billion before that, and the $2.3 trillion infrastructure bill, we got another 1.8 Trillion being rolled out tonight on the media is clapping and applauding like like a bunch of morons like a bunch of boot lickers because that's what they're $200 billion for free Pre K. It's pre pre K of, You know, it's pretty case something or other And it's free. But it's $200 billion, and that's the estimate going in. It always turns out to be like $1.4 trillion when they say maybe only six or $800 billion. But they're saying it's free on the price tag on the free thing is $200 billion. It is speech I think will represent one of the greatest expansions of government in history, and the news media will applaud at The Washington Post will think it's wonderful. Um, two years of paid college tuition for everybody, 12 weeks of paid family leave, That's you know, on the on the employers. Tough luck. Suck it up. And there's no designated survivor. You know, that's a TV show, and that's a practice that we've engaged in. They figure you know, they're not gonna be enough people there. They're only gonna be 200 people in the room. Normally, they're about 1600 people. Chief justice of the United States of America. John Roberts will be there representing the Supreme Court, many of whom probably wouldn't attend anyway. You know, given that that that Z become a boycott thing with the Supreme Court, they politicized the Supreme Court long ago. And Jill Biden will not be there. Maybe she's the real designated survivor. She is the real puppet master behind the thing there, and they're very excited to announce that there would be two women. Behind the president, United States because the vice president is a woman come alive, Harris. Just ask Willie Brown and, of course, the speaker of the House on D. It's also the first I think, See now woman to be behind the president. During a state of the Union address with Nancy Pelosi, who is that guy? I wonder if she's going to tear up his speech afterward. Tear it up and throw it up this. She's gonna be back there with, like some flaws and maybe a dental tool going at her teeth and their second or teeth. She does a lot of this shocking.

Joe Biden Nancy Pelosi Jill Biden John Roberts Willie Brown Victor Angela Lansbury $200 billion 1980 $2.3 trillion $1.4 trillion Hunter Biden James Gregory Michael Winston Churchill 1.9 Trillion United Kingdom Great Britain 200 people 20th century
New York City Could See Taxes on Those Earning Over $1 Million

Bloomberg Daybreak: Europe

00:23 sec | 1 year ago

New York City Could See Taxes on Those Earning Over $1 Million

"Taxes are front and center in New York, the richest New York city residents could soon face the highest combined state and city rates in the country. Sources say. Governor Cuomo and state lawmakers have reached attended Agreement to raise taxes on the wealthy as part of a roughly $200 billion budget deal. If approved, state income tax rates would temporarily increase 8/10 of a percent for single filers earning more than $1 million.

Governor Cuomo New York City New York
"$200 billion" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:33 min | 2 years ago

"$200 billion" Discussed on WBZ NewsRadio 1030

"A Toyota of Braintree. Com. The U. S. Supreme Court, clearing the way for the extradition of an American father and son wanted by Japan in the escape of former Nissan Motor Company boss Carlos Goan. Justice Stephen Breyer, denying a bid to put the extradition on hold to give Michael and Peter Taylor time to pursue an appeal in their case challenging the U. S. Officials plan to hand them over to Japan. Michael Taylor, a U. S. Army Special Forces veteran and his son are accused of helping Carlos Goan flee the country last year, with Goan tucked away in a box on a private jet. Italy has sworn in its 67 post war government headed by the former European head banker. ABC is Meghan Williams has a story from Rome. Yes, Fidelia lot of hell does Super Mario. Expectations are high for the leader of the new government, made up of diverse political parties, about a third non politicians and only a third women putting $200 billion of the EU recovery fund to effective use and kick starting Italy flailing economy made worse by cove. It is the biggest Challenge. We have the responsibility to stand this money in an economically efficient ways as economist at Zura, renowned the calling the low number of women in the Cabinet a lost opportunity. Meghan Williams ABC NEWS Rome It's 10 06 stay with us. We've got much more news coming up for you in just a little bit, And it's always traffic on the threes. We'll check your ride on the way at 10 13 I'm Tina count. The following program is sponsored by Edelman Financial Services..

Michael Michael Taylor Peter Taylor Carlos Goan Meghan Williams $200 billion Edelman Financial Services Nissan Motor Company last year ABC U. S. Supreme Court Super Mario Stephen Breyer Tina Goan Rome U. S. Army American EU Italy
"$200 billion" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:38 min | 2 years ago

"$200 billion" Discussed on Bloomberg Radio New York

"Selling $14 billion of bonds to take advantage of cheap borrowing costs, tapping the market for a third time since May as it looks to return more cast to shareholders. Until 2020 Apple hadn't borrowed in the U. S investment grade market for more than once in a calendar year since 2017 joining me now are Bloomberg News? Consumer finance reporter Molly Smith, Somali. Give us a little Bonds one. No. One. Why is Apple doing this again? It's kind of really why everyone's borrowing right now. It's really just why not? The money is their investors were so eager to wonder special, especially to a company like Apple that It's just such a major issue in the bond market that you really almost are compelled to be involved in these deals. If you're an investor that tracks any sort of meaningful index that Apple is going to be Large part of that so new issue they're good way to get exposed here looking to Usually sell out of old holdings of a bond and get into the new ones. They usually come with a bit more enticing yield for investors as a reason to buy the new issue, so It just price actually, before we got on and all went pretty well today. So apple isn't just anyone, though. Why is Apple doing this when they have almost $200 billion in cash on hand? Yeah, I think that's where it looks like some analysts been speculating that the company is going to really ramp up its capital returns this here to shareholders, so It's usually what Apple has borrowed for it in the past to fund share buybacks and dividends, and it looks like that's what's going to continue as they try to Well where their cash balance down and, um if you could do that opportunistically when the money is very cheap and pretty much there for the taking and makes sense. So what does this mean for shareholders for? You know the folks on the other end? What sort of windfall might they see? I mean, the actual debt issuance itself doesn't really mean much for an Apple shareholders for Companies that are less credit where these and Apple is, You know this could maybe be something you wouldn't want to see that the company is taking on more debt. But Apple certainly has enough money to service its debt. And that's not an issue from Credit or a shareholder perspective. But I would think that if you know the shareholders have become accustomed from getting these kinds of payouts from apples, so whether that's coming from Internally generated cash or external borrowing to think they're happy to see it. So is this gonna be a scene this year? We're gonna see more companies do this. As long as the market stay open, and it's a credit that that bondholders air willing tol invest in, I would say short wine on it. It's interesting because usually bondholders don't like to lend to companies that are just going to give the cash to shareholders. It's kind of had odds with what they do. But in the case of apples, I don't think you really have anything to worry about. The company's gonna pay you back, no matter what, so that there's been a good track record for them, and they've always been able to borrow for this reason. All right. Molly Smith. Thanks for giving us a little bond education will be watching our Bloomberg News Corporate finance reporter there. Okay. Coming up. Famed investor Arlen Hamilton is.

Apple Molly Smith reporter Bloomberg News Bloomberg Arlen Hamilton U. S
"$200 billion" Discussed on WBAP 820AM

WBAP 820AM

02:31 min | 2 years ago

"$200 billion" Discussed on WBAP 820AM

"When I hit 56 Right now. 39 degrees at DFW Airport, Senate Republicans again blocked a vote on increasing stimulus checks to $2000 boxes. Jared Halpern reports Senate Republican leaders have been critical of a house passed bill increasing direct economic recovery checks from $600 to $2000, blocking attempts by Democrats to immediately consider the stand alone bill for the cost of the cash act. We could do another round of assistance to help small businesses keep their employees on the payroll. And still still have almost $200 billion left over. Senate Republican Whip John Thune says the measure is not targeted the family's most in need. President Trump has urged the GOP led Senate to increase payments. Jared Halpern Fox News. It's the first time President Trump has had a veto, overridden and a game and a rare New year's Day vote. The Senate has voted to override President Trump's veto of the national defense spending bill. The president vetoed the bill because he objected to provisions in the bill regarding renaming military bases named after Confederate leaders and protection for big attack. Wisconsin pharmacist is now charged for deliberately spoiling more than 500 doses of Corona virus vaccine police and draft him in suburban Milwaukee and federal investigators say a former pharmacist in Aurora Medical Center admits to deliberately removing 57 vials equally number 500 doses of the Corona virus vaccine from a refrigeration unit last week. Spoiling the vaccine. There is no evidence to suggest that this individual tampered with any other vaccine. This individual is no longer employed by us. Aurora's Dr Jeff Barr says Almost 60 doses were given to patients, which were later deemed less effective. The employees now charged with first degree recklessly endangering safety, adulterating the prescription drug and criminal damage to property. Jeff Man. Also Fox News, A California health officials says hospitals ended the year on quote the brink of catastrophe as the pandemic push deaths and sicknesses too staggering levels and some medical centers scrambled to provide oxygen for the critically ill. Right now. It's 39 degrees from the W B A P News desk. I'm Don Smith. Your next update is at a 30 24 7 coverage at WB.

Senate President Trump president Jared Halpern DFW Airport Fox News Aurora John Thune Dr Jeff Barr Aurora Medical Center Jeff Man Don Smith GOP Wisconsin Milwaukee California
Virus Cases Rise, but Hazard Pay for Retail Workers Doesn’t

Financial Exchange with Barry Armstrong

06:22 min | 2 years ago

Virus Cases Rise, but Hazard Pay for Retail Workers Doesn’t

"The back of our chat about Starbucks, raising their wages for baristas. The headline is Virus cases rise, but hazard pay for retail workers doesn't on. This specifically calls out Amazon and Wal Mart, both of which had boosted wages initially, but it's since pulled those raises back for saying, Look. Amazon, you reported, you know quarterly profits that were up 200% but are not paying your workers anymore. Since June. Wal Mart also had a big bump in quarterly sales in their most recent earnings quarter that they reported on Tuesday. They had paid some cash bonuses back earlier this year, but also has not done anything to raise wages here. And the question of this article is asking is, Is it fair for these companies to be raking in not record, but significant, significantly higher profits than earlier in this year will not paying their workers more given the safety risks there undertaken. I mean, I I'm not again to fairness. That's certainly legal. I think it's kind of shameful and embarrassing for the companies that they won't do this Home Depot actually did Home Depot announcing their most recently quarterly earnings that they're going to be making a number of their pay change that they did permanent and it's gonna result in a billion dollars in additional compensation every year. Um Yeah, way judging the morality of it. Clearly, Amazon doesn't feel like they need to hike them the pay rates in order to attract employees and prevent them from unionizing and continue to protest the low pay, But, uh, I I hope that they changed their mind, and I hope that shoppers like us draw attention to it. Um But you know WALMART Amazon plenty of other retailers lows, all saying that, you know they've stopped any of the hazard paper programs that they were doing back in March, March and April of this year. I don't currently have any new ones planned. So that's I guess problem over the last 50 years that we have effectively said Look, we're not going to judge this based on morality. We're just gonna judge this based on whether or not it's good for the company. I think it's hugely problematic and I'm glad to know why it was. Why don't we start by judging the morality then? Find this sucks. You guys are raking in $200 billion of extra profit. Give some back to your employees. Don't worry just about the shareholders and in particular, let's talk about worrying about the shareholders because I want to mention lows, and I'm gonna call those out here because you mentioned Home Depot for doing things the right way. Those said that they had paid out $800 million in pandemic related benefits to employees. At the same time, the company said that they were expecting to buy back about $3 billion of their own stock in the fourth quarter alone. So, basically Okay. And here's Here's where my big issue is. Lows, is saying that spending that $3 billion on stock buybacks to benefit shareholders, which again they're entitled to do Okay is obviously more important to them than spending more money, probably a fraction of that to actually provide sufficient protection. For their employees in terms of testing, PPE all those types of things I know they obviously do. You know, they provide those things they've said, Look, we spent $800 million on it. But when you look at it, there's a 4 to 1 ratio in spending that's going to shareholders compared to employees just for the most recent quarter. Isn't that the fundamental problem that a lot of people have with big business is that they feel that the little guy the person who's working is fundamentally disadvantaged compared to someone who has the capital to invest in that business to begin with. Yes, that is the problem, but I blame all of us for it. None of us have been willing to have, you know, hold their feet to the fire and say OK, Amazon, you're doing this to your employees. I'm canceling my Amazon subscription and no longer shopping at your store. Wal Mart. Same story for you. You guys, you know, make all of your stuff in China and outsource a bunch of jobs outside the U. S. And pay your employees garbage and get them on. You know, food stamps and government benefits. We all still shop at Walmart. So you know I Yes, I blame the employees and a little bit of corporate morality would go a long way. But I blame all of us, too, because we're also Old shopping there. We're all still buying the stock. We are absolutely and this is something where we're all guilty of this, And it's something that we all need to understand because you know, you mentioned the outsourcing of jobs that is, the is the opposite side of the exact same corner. When you look at you know the outsourcing of jobs to other countries for at significantly lower costs. It's saying, Look, this is good for the company. But now we've got thousands of people who have lost jobs simply because the company is saying, Hey, we're going to do this in order to help shareholders. I'm all about trying to innovate to make things you know better. Certainly, like when you talk about, you know, the pride that we have in American business. It's the idea of innovation and pushing the envelope and trying to come up with new ways to do news. Things through free enterprise is the idea. Hey, through competition and through going, you know, add it with other companies. You can figure out better ways to build a better mousetrap. Build a better car. Build a better whatever the heck you're building. Those the things that we want to encourage the things that we don't want to encourage, Okay? Is low saying, Hey, we're gonna spend $3 billion on buybacks because we don't have any way to spend that three billion toe actually innovate any better. We don't have a better way, You know, to stack lumber. So instead we're going to spend $3 Billion on stock buybacks. Hey, Wal Mart? Yeah, we're gonna outsource. You know a bunch of production to China, not because they have a better way of actually building anything but because they have a cheaper way because they have lower labor standards where we can pay people less. And that is the fundamental problem here is that we're not talking about These companies improving on things by saying, Hey, we've built a better mousetrap. We've built a better car. It's just financial engineering by being able to push dollars around in ways that benefit shareholders. That is. The fundamental problem is that we're not innovating the way that we need to were just engineering the financial results after the fact. I'm done. And by the way, this has always been the case. 978 Texan, You know, I wish businesses would go back to profit sharing. Yeah, you're right. You know that. This hasn't been the case since the beginning of the United States. We we used to have pension plans and profit sharing plans at major large businesses that have largely gone away at this point, so I'm good. Now I can get off my soapbox and Good. We'll get on my folks as we age, one of things

Amazon Home Depot Wal Mart Starbucks Walmart China WAL Mart United States
World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal

Ray Appleton

00:20 sec | 2 years ago

World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal

"The World Trade Organization rules in favor of China by declaring the Trump administration's terrorist on an array of goods totaling more than $200 billion worth of imports illegal under the rules of the global trade body. Today's decision marks the first time the Geneva based trade body has ruled against the Siri's of terrorists that the Trump Administration is opposed on a number of countries.

Trump Administration World Trade Organization Siri Geneva China
World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal

Brian Lehrer

00:23 sec | 2 years ago

World Trade Organization rules that Trump administration tariffs on Chinese goods worth over $200 billion are illegal

"The World Trade Organization has ruled in favor of China by declaring that the Trump Administration's tariffs on an array of goods totaling more than $200 billion worth of imports aren't illegal. Under the rules of the global trade body. Today's decision marks the first time the Geneva based organization has ruled against a serious of tariffs that the Trump administration has imposed on a number of countries.

Trump Administration World Trade Organization Geneva China
How The Fukushima Nuclear Disaster Affected Energy Industry In Japan

All Things Considered

08:05 min | 2 years ago

How The Fukushima Nuclear Disaster Affected Energy Industry In Japan

"On your it's not easy to get rid of nuclear power. Okawa is right. Taking apart. A nuclear power plant is not easy day CI has been in the Decommissioning process essentially since the disaster. And that means every day over 4000 workers stream into the plant, clocking in To tackle a vast array of problems. The radiation levels here are much lower than they were nine years ago. In most areas of the plant, you could walk around without special protective gear down by the reactor's, though the ones that exploded levels are still high, and visiting time to them is limited. Kozo Takahashi are TEPCO guide takes us down to see them, bringing into stark reality the challenges that TEPCO has faced here since the disaster. Crews of workers are bustling around in full protective suits. Takahashi points out each reactor, each with its own set of problems. He says a new robot had to be invented to get to melted fuel in one another had to be essentially rebuilt just to take it apart again. And then there's the problem of waste your time here at GH Eve, huge amounts of water pumped into the damaged reactors every day to keep them cool. In the end result is more than one million tons of that water piled up in storage tanks contaminated with radioactive trillium. Storage space is running out, and the Japanese government is considering dumping it all into the ocean, much to the dismay of local communities worried about environmental impact. This is all just a taste of what it means to decommission Daiichi, which will take an estimated 40 years and nearly $200 billion to produce no electricity. At all. The rest of Japan's nuclear power program isn't faring a whole lot better by 2011 nuclear power produced nearly a third of the nation's energy. But after the disaster, the Japanese government imposed new safety regulations that took every nuclear reactor off line. All 54 of them, and the Japanese public largely wants to keep it that way. Anti nuclear power sentiments friend rapidly after Fukushima. It was a very Great sense of betrayal. Alexander Brown is an Australian researcher in Japan. He studied the anti nuclear power protests that took off in 2011. He says that betrayal came largely from the fact that Japanese people had been assured that nuclear power was safe that no accident would ever happen. So it was much more than just about Ray, you have to pull out all the specifics of the accident itself. Huge protest broke out in Tokyo, tens of thousands of people marching through city streets and bright costumes, banging drums and Cymbals. And, of course, chanting the main slogans. Just give that one time we opposed nuclear power. The's big protests continued for months and spread to other cities. And even now, there's still protests everywhere. They're smaller, Brown says. And maybe not quite so eye catching, but it's sister and it's not going away. Which has left Japan in a kind of energy conundrum. With all those reactors offline, a lot more coal and natural gas had to be imported energy prices have gone up. As have greenhouse gas emissions. Prime Minister Shinzo Abe and his party have been pushing hard to restart the nuclear power program promising safety But needing to bring down costs and tackle climate change. The government on YouTube keeps saying you could apply the cheapest parcels. People don't trust it anymore. Tatsuo Suzuki is a former nuclear engineer and now professor at Nagasaki University. He says that the disaster and Fukushima made people completely rethink the cost of nuclear power. In broader terms, the social costs ofthe separation in the family. Losing the land losing their jobs. How can you measure all these impacts estimating the risk of nuclear power, But Suzuki says the choice is still a difficult one. When you factor in climate change and needing to reduce the use of fossil fuels, he equates nuclear power with a strong medicine that also has a potentially strong side effect. So which you will choose You may have to choose the nuclear power eventually means Clement chain is absolutely event for the world so the world may have to take medicine on nuclear power. But we have to very, very careful. And you have other choices. I would recommend the nuclear policy last Japan doesn't have a lot of other choices. Slowly, A handful of nuclear reactors in the country have restarted passing new safety regulations. Many more are held up in court battles as local governments refused to take the risk, and even more are slated to be decommissioned as utilities give up on them altogether. Back in Fukushima near Daiichi nuclear worker Kazu Okawa stops the car. And gets out to look at a site. He never thought he'd see tons of radioactive topsoil scraped from the Earth during the cleanup efforts being piled high next to the road. This is in Futaba, his old hometown, where much of the land has been slated as a storage site for this contaminated soil. Okawa says he'll never come back even if evacuation orders for the town are eventually lifted. Another guy who wants to live next to this. This nuclear waste. He shakes his head, almost in disbelief that I thought nuclear power was safe. Isn't thought it was 100% safe. But now, like a lot of Japan, he doesn't want anything to do with it. I'm afraid of nuclear power. In one moment it devastated our home is your home and now, Ochoa says he's 100% against it. Cat Langsdorf NPR NEWS Fukushima, Japan

Japan Fukushima Kazu Okawa Japanese Government Alexander Brown Kozo Takahashi Tepco Daiichi Tokyo Youtube Prime Minister Shinzo Abe Suzuki Ochoa Tatsuo Suzuki RAY
How much are the Tech Billionaires worth?

Kim Komando

01:16 min | 2 years ago

How much are the Tech Billionaires worth?

"Thanks to Tesla's stock skyrocketing for 100% this year alone, His net worth has to Must networth at the beginning. This year was it was on ly $30 billion. It has been going up steadily since the pandemic. And this week, Ellen Muss networth jumped to $100 billion. To imagine that $100 billion and as Amazon head Jeff Bezos laughs and he says, Ellen, Hold my a chardonnay for me, please. A few days ago, Bezos became the first person ever ever to be worth $200 billion. Let's put that into perspective. Jeff Bezos alone is worth $200 million Sports bread, Nike the whole company as a net worth of 175 billion. Fast food giant McDonald's is worth $160 billion. Now hit a more distant second place. The runner up wealthiest person in the world is Microsoft founder Bill Gates with a meager sorry bill, Meager 124 billion, and so I started thinking about it. Jeff Bezos worked for the government. He would be our prime minister. OK? Ah, Come on, Crack myself. Club

Prime Minister Ellen Muss Bill Gates Tesla Mcdonald Amazon Nike Microsoft Founder
Jeff Bezos now worth an astounding $200-plus billion

News and Perspective with Tom Hutyler

00:22 sec | 2 years ago

Jeff Bezos now worth an astounding $200-plus billion

"New milestone. Forbes says Amazon CEO and founder Jeff Bezos has become the first person Two Top $200 billion in net worth 56 year old owns 11% of Amazon stock, which has skyrocketed amid the pandemic is people

Amazon Jeff Bezos Forbes CEO Founder
As Coronavirus Cases Spike, Trump Pushes Reopening Schools

Morning Edition

01:42 min | 2 years ago

As Coronavirus Cases Spike, Trump Pushes Reopening Schools

"In the fall, Parents, teachers and students are all craving an answer to that question. Yesterday, the White House weighed in at a roundtable on education. President Trump had this to say. We're very much going to put pressure on governors and everybody else to open the schools. So what's that pressure gonna look like? Will it work? Listen, Dad Warranty covers education for NPR, and she joins us now. Hey, Rachel. So President, Trump says he's pressuring states to reopen schools full time in person. But I mean, these are really state and local decisions, aren't they? That's right, and some states like Florida and Texas. They have announced a returned to full time in person school this fall, but a lot more states are taking their time with this decision. And there's good reason for that. You know, on one hand schools provide important support services. But there's a social emotional academic cost to keeping kids at home. If students are staying home, it makes it harder for their parents or their caregivers to go back to work. But bringing students back to school safely. It's expected to cost a lot. One estimate says schools may need more than $200 billion in federal funding to pull it off. So far, Congress has set aside $13 billion. So let's explain why that's so expensive making safe in person schooling. Why it cost so much? Yes. So the CDC recommends that school's intensify cleaning and disinfection, encourage social distancing by spacing students out more and teaching them in smaller groups. And all of that takes extra staff space resources that school's just don't have right now, then this is on top of state budget cuts, so schools are squeezed. So I want to say on education but

President Trump White House CDC NPR Rachel Congress Florida Texas
Treasury Prepares to Request $200 Billion More for Small Businesses

The Vegas Take

00:55 sec | 3 years ago

Treasury Prepares to Request $200 Billion More for Small Businesses

"The first small business and its workers could be in the works more from correspondent Bob Costantini should the United States be readying further relief of a couple trillion dollars in case economy can be running full steam mid summer White House economic adviser Larry Kudlow isn't ready to pull that trigger what was four trillion dollars total in relief in stimulus already in the pipeline but this will have a awful lot of Americans get through this period and I keep saying forty eight weeks that may be more prayer but that's just what we're hearing and if that's the case we come out of this okay and the other side coming weeks are likely to bring further internal White House debate about when America can get back into business versus concerns for new hot spot outbreaks later this year Bob Costantini Washington treasury secretary Mnuchin is advocating for at least two hundred billion more from Congress to support the small business corona virus relief fund hi Mike

Bob Costantini United States Larry Kudlow America Mnuchin Congress Mike White House Economic Adviser
Treasury Prepares to Request $200 Billion More for Small Businesses

The Vegas Take

00:21 sec | 3 years ago

Treasury Prepares to Request $200 Billion More for Small Businesses

"Coming weeks are likely to bring further internal White House debate about when America can get back into business versus concerns for new hot spot outbreaks later this year Bob Costantini Washington treasury secretary Mnuchin is advocating for at least two hundred billion more from Congress to support the small business corona virus relief fund hi Mike boss

America Mnuchin Congress White House Bob Costantini Mike
Wall Street soars on China's pledge to buy $200 billion of American goods under phase one trade deal

Reimagine America

01:08 min | 3 years ago

Wall Street soars on China's pledge to buy $200 billion of American goods under phase one trade deal

"We saw this week a resounding approval by Wall Street to a two hundred billion dollar trade deal phase number one between the US and China yeah it's to president trump's credit he's worked on this for quite awhile with his team and China is a relentless negotiator and they're very tough at least we've got a phase one it's a great first step toward a billion dollars of purchases of IT equipment and soybeans and wheat and lot of agricultural products and is gonna give us a nice bush and Wall Street certainly like the news the first couple days the Dow Jones roars through twenty nine thousand continues it's upward ascent so if there was some optimism to having a conducive economy this phase one agreement DJIA's is icing on the cake well she likes it and consumers will ultimately benefit it's the agreement out of course to protect the beginnings of a protection of our intellectual properties and their outright theft of our intellectual properties in a way that benefits China all all good news top of a

United States China Donald Trump Bush Dow Jones Theft President Trump
Trump Raises Tariffs on $200 Billion of Chinese Goods

BBC World Service

04:03 min | 4 years ago

Trump Raises Tariffs on $200 Billion of Chinese Goods

"Hours two hundred billion dollars worth of US tariffs have come into force targeting Chinese goods. The trade war has been labeled by the International Monetary Fund as a threat to the global economy and Chinese negotiators in Washington. Trying to reach a deal to tell us more. We can speak to Li Ling way. She's the China correspondent for the Wall Street Journal who joins us from Beijing. Welcome to the program Ling Ling. Do you know why the talks would have failed so far? Sure will we have readiness to the past few days are nothing, but quite amazing because just a few few days ago a week ago. Everybody was expecting negotiations being wrapped up this week when they'll her went to Washington instead, President Trump threatened hiking the tariffs over the weekend. And now he basically followed through with terraced today. So as we understand it on one key issue that caused to talks to break down for now is involving the whole issue about how to enforce a deal both sides negotiating from the US. They're asking that China detail, the kind of loss in a trade agreement. So that they can, you know, use those details so those commitments to make sure that China enforce what they have agreed to try. China saying, oh, no we can do this. Because where we're solvent country. We can't allow for government to tell us what lost change laws to amend. Yes. So that's one sticking point that caused the the talks to break down so far. Right. And then China's saying that it's in Washington with the utmost sincerity, but President Trump saying that China's backtracked on its commitments observers believe what's going on. Here is a breakdown of trust. And this breakdown has been so severe that. It will be difficult to agree on any deal. Do you agree with that? I definitely agree that the mistrust on both sides, it's deepening. This this new episode? Stuck definitely doesn't help. However, I do also believe that both sides have strong incentives to ultimately reach deal. So the positive signal that came out of today's talk a yesterday talks was both sides have said talks are continuing. So vice premier Lil will continue to talk to their he's Chinese counterparts in Washington Friday and another important thing, we need to realize is that the latest round of US tariffs will not affect any good already enchanted when the penalties going to fact Friday, that's right, which gives out which gives Ling which gives a lot of space for negotiation there, but what thirty days. Yes. And you know. I suppose it feeds in a lot of hope for people listening to this. But what repercussions will this likely have on the global economy, and what's likely to happen next? What's likely to happen next really depends on you know, whether or not they can produce a yearly productive deal so automatically if there is a full-blown trade war, meaning the US could tariffs on all Chinese experts and China retaliates with his own kind of measures like putting tariffs on US experts in even targeting US businesses operating China, and this could the impact could be very CB for both sides and gloomily heard global economy because this days the warning economies not isolated by countries. They're all they're

China Ling Ling United States Washington President Trump Li Ling International Monetary Fund Wall Street Journal LIL Beijing Two Hundred Billion Dollars Thirty Days
Trump announces new tariffs on $200 billion in Chinese goods

BBC World Service

00:27 sec | 4 years ago

Trump announces new tariffs on $200 billion in Chinese goods

"I'm Debbie rests with the BBC news Russian military. Surveillance plane has disappeared over the Mediterranean with fourteen servicemen on board. Moscow says the aircraft vanished thirty five kilometers from the Syrian coast on its way back to base from Moscow. Steve Rosenberg the Russian defense. Ministry says the Aleutian twenty surveillance plane disappeared from radar screens at eleven o'clock last night Moscow says the Russian plane vanished during an attack by four

Moscow Steve Rosenberg Debbie Mediterranean BBC Thirty Five Kilometers
Trump announces new tariffs on $200 billion in Chinese goods

Mark Levin

00:45 sec | 4 years ago

Trump announces new tariffs on $200 billion in Chinese goods

"Around tariffs on Chinese goods. Trump administration will target up to two hundred billion dollars in Chinese imports with tariffs a significant escalation in the trade fight with China. This is on top of the fifty billion dollars in Chinese imports. The US has already hit with tariffs. President Trump says the tariffs give the US a better bargaining position with China. Chinese officials say they will retaliate in July. The Trump administration released a list of items. It would target nearly two hundred pages, including consumer goods, like digital cameras bicycles fish. Gloves and Christmas tree lights. The president says he has great respect for Chinese president Xi Jinping. And administration officials say they are willing to negotiate with China though. There are no talks announced at the State Department Richardson, Fox News

President Trump China United States State Department Richardson Xi Jinping Fox News Two Hundred Billion Dollars Fifty Billion Dollars
Trump readies tariffs on $200 billion more Chinese goods despite talks

KZL Programming

00:20 sec | 4 years ago

Trump readies tariffs on $200 billion more Chinese goods despite talks

"Gang members Long Island well on Friday. She was getting ready for memorial service marking the second anniversary of her daughter's death when she got into an argument about the memorial with someone in an SUV the driver, then lurched forward and read her over an incident caught on video she died soon after New York congressman Peter King told news twelve Long

President Trump Bloomberg Long Island New York Bloomberg World United States Congressman Peter King Evelyn Rodriguez Murder Christopher Cruise Steve Kastenbaum North Carolina Beijing Palmer Charlie Pellett Two Hundred Billion Dollars Three Percent