35 Burst results for "American middle class"
WSJ Tech News Briefing
A Closer Look at Sundar Pichai: From Middle Class Indian Upbringing to Google's Head Honcho
"Google and its parent company alphabet on the precipice of several major challenges regulators are expected to file antitrust lawsuits as early as this month and other example some faith company isn't as innovative as it used to be. A CEO of alphabet sooner Pechanga will play a key role in how the company navigates the headwinds, and while Pichai, is not nearly as in the spotlight as the other tech leaders. He's already had a long history Google, and by taking a look back, we can try and get some clues about how he might move the company forward a reporter Copeland joins us with an inside look rob. Thanks for joining me. Thank you. So, at the tech hearing before the House antitrust subcommittee earlier, this year Pichai himself as an immigrant sort of the picture of the American dream. And wonder if you could start by telling us more about the Chinese upbringing shore so Definitely outlier in many ways in Silicon Valley perhaps the most famous way that he stands out is that he was born in. India. So he grew up middle-class for India but not necessarily add western standards. He famously talks about growing up and getting in his first. Rotary phone. He is in such an older guy that the technology was just a lot less developed there. So he speaks frequently about the connection that he feels to technology and the knowledge that new technology can really change someone's life. So pettah eventually came to the US for Grad School. How do you find his Google? He worked relatively ordinary corp jobs until he joined Google right after its IPO google was not the Google that it is today it really was just a search engine. Quickly impresses people for his ability to one build consensus, which is true to this day, but also get the job done his first major job at Google. toolbar product. So before there was chrome there actually was an add on on your browser to search google. So his job was to convince companies like Dell when they sold you a laptop to have an automatic google search bar on there. So he's moved through the ranks since then becoming CEO of Google and then last year taking over as alphabet. CEO How did he make his way up the ladder? What's so remarkable is he's been at Google for sixteen years and we even though we're the Wall Street Journal have never done a full profile of him. So a big part of my task for the last few months was really unpacking who he is and how he got to this position and what really emerges is that Google was a place and still is a place with big personalities people who scream at each other people who say we should bet the farm on this or that and what sooner sort of did. was stay in the background, but he was also very careful that whatever he did it worked starting with toolbar but that extends to chrome the browser which he co lead and is now by far the most used web browser one of the big reveals of this reporting for me was that he's a very strategic person. It's not an accident that he stayed in the background for instance, someone who used to report to him. Told me early on in a meeting with with Larry? Page. who was CEO of Google before soon Dr Sooner made sure that they never disagreed in front of Larry. He really didn't want anyone to see any cracks and this also emerges in a lot of the people I spoke to some of whom sooner himself suggested that I speak to. But then when I got on the phone with them, they didn't seem to know him personally well. So he he keeps it very close to the vest. So it sounds like he's pretty deft at navigating the company politics now that he's in the top spot. What's he known for as a leader? So to a man to a woman ever and I spoke to said that sooner has a tendency in the middle of meetings to stand up and begin pacing in the middle of your presentation. He won't say anything necessarily sign that he likes or doesn't like it. It's just signed that he's thinking. So you can imagine people have spent weeks preparing for the CEO and he leaps up in the middle just starts pacing it can be quite disarming frankly this comes back to the criticism. Of Soon Dr to standing up in the middle of meeting and pacing as you think is not necessarily your traditional hey drive the car forward leadership. There's a big knock at Google today it's that and this comes from investors analysts even some executives of the company it's that the company is pretty much operating on autopilot. It makes almost all of its money from online advertising and you don't really have to do much besides sit there and the money comes in adding an extra add to youtube isn't exactly a high level. Decision. So the criticism is that sooner hasn't necessarily made the big move to position Google for the next decade on the other hand. When you have such a head start that Google has just not messing up is a billion dollar proposition. And what about as a coworker? What's he known for that? The best thing that's has going for him is that people genuinely like him in fact, one of his deputies Caesar. Gupta told me he loved sooner Pichai. He said the reason I stayed at Google this long as because of Dr He's someone that I trust. He moved to Jakarta because soon are asked him to. People. Say in this world where everyone is obsessed with Silicon Valley with what is happening in Menlo Park and Palo Alto and San Francisco that soon Dr a truly global outlook that he cares for instance, about Google pay in India where there are many multiples number of people using payment products in there are in the US. But tacitus surly had as much investment and one of the really fun things that is in the story is he's very much a creature of habit. You can imagine your CEO of of Alphabet you're traveling the world whenever he's in Korea he goes to the same burrito place an orders, the same Veggie Burrito. And in this world of he's hard-driving CEOS who appear in TMZ or go through high profile divorces. Everyone says that sooner Chai's legitimately just a kind nice guy.
The Rubin Report
Cardi B SLAMS Candace Owens After She Calls Her an 'Illiterate Rapper'
"It's blowing up right now. So this is candace owens versus Cardi B. and not just doing this to be silly I. Did they actually got into something kinda substantive here it started when. Canvas was on Ben Shapiro's Sunday special. Let's take look the clip. I completely agree with your assessment about Cardi B. It is one of the biggest insult if Black Americans are not insulted by the fact that Joe Biden who has been hiding in his basement you know for the entire year maiden appear to come up because he was going to do an interview with Cardi B.. We we have nothing better to offer. I. Mean this be tend to. Donald Trump saying I'm going to give no. Interviews, but he came up and he decided to give an interview to Justin Bieber right I mean I wish I actually just be I'm sorry. I know you are a Christian Man I. Don't want to put you in the same boat as Cardi B. but it it would be absurd white America would go what what is this why? Why are you being interviewed by Justin Bieber and it's because you're pandering right? You're pandering you look at Cardi's instagram easy. She has millions of followers and you think. Okay. This is an illiterate person, and if I if I appeal to this a person and she does a group like she literally did in the middle of this interview, they think she's cool. She's hip just by sitting here and and taking this interview walking will vote for me. It's basically saying black people you are stupid. You are dumb and you're so foolish I mean do you think what if she just said in the middle of the interview Joe Biden? Can you name one Cardi B. Album? Not Jimmy favor just one Cardi B. Lyric. He couldn't do it. Of course he's not because he's being handled and they're saying black people like this person this is what they're into, and so here you go talk to her. Okay. So Cardi, b. e. then heard what candy said and she hit back she did a couple of videos I think four videos on instagram shows on camera, but you could hear her talking in the exact quote that she said she's talking about. Canvas she says, she has an identity crisis just because she is black doesn't mean she gives a F- about blacks and you can hear also saying the candidates owns husband George. as part of a group that she like into an upper-class kkk of the UK now first off. I was at Atkinson in Georgia's wedding George a great guy they are a fantastic couple. The wedding was one of the most spectacular weddings I've ever been to and it was just filled. With love and there were black people and white people and there were straight people and gay people and there were Republicans and Democrats, it was it was a truly just a just an absolutely wonderful wedding with with a meeting of Families George comes from an upper class family in the UK. Candice comes from Philly from mostly lower middle class family and that everybody was just dancing and having a great time. So this nonsense from Cardi, B. But anyway, that's what her. Take on what candy said was, and then you know candidates. So she's not just going to sit there and take it. So campus followed up with a couple tweets and I'm going to read to you she said Malcolm X. warned us years ago about the puppetry of interviews like Cardi B. and Joe Biden, he always spoke out against the White Liberal game of using entertainers pawns. This isn't really about you Cardi B. This is about black America Waking Up to Democrat racism. She went on and another tweet to say never listened to a person that has private security but once the public police defended never listened to a millionaire that made it here in America but trashes our country. These Hollywood idols are frauds leading sheep down paths they never took when they discovered success. So so candidates makes what I think are pretty cogent salient points and Cardi B. Then jumps back in. Cardi visas well, paying taxes is something that as much as I hate, it's a reality I will always have to pay but I rather might tax money go to free education than police funding use my money on something useful your president us our tax money to fund is empty camp in ruts. So trump uses his campaign a. Uses the tax money to fund his campaign is that is that right? Well, can't jump back in and said one your tax dollars or ready to go already go to free education. Jesus. That is true to know campaign uses tax dollars for funding. That is illegal that is also true and three defunding police initiatives has led to two hundred percent increases in black men getting shot in inner cities stop supporting black people dying.
The Double Shift
The Social Science on Women, Work, and Motherhood
"Julie Kohler. Welcome. Thanks for joining us. Thanks so much for having me. Well, I'll just jump in and ask because obviously, this cove nineteen crisis feels totally impossible on so many different levels but this family crisis that you have written about, you argue that it didn't really have to be this way in America that this particular crisis of feeling the strain as profoundly as we have in our families that that's not actually a byproduct of the global health crisis can you explain? Yeah Yeah. But what I think is happening is that we are now experiencing a level of. Discount Verge and seeming impossibility with a situation that really had begun long before the current crisis and it is simply expanded to include more and more families. Those families especially middle class upper middle class families that maybe were getting buys sort of at the margins by our fingertips. I've really been thrown into a different milieu post Cova. So on its own terms, we are living under the economic system that has failed. There's been less growth less economic security in this country since nineteen eighty than in the forty years prior. But this economic approach has become really politically sticky. It's kind of existed or endured as Zombie ideology some have said, and that's because what they've been successful. An is expanding this notion of what constitutes private family responsibility and enshrining that is sort of a reasonable bipartisan consensus. So the article was really designed to kind of unpack the family norms that. At the root of this failed economic approach that's often called neoliberalism and one is sort of an economic assumption that families will provide for their own little public support and nested within that are interrelated with. That is a cultural assumption that the two parent nuclear family is the optimal structure to do. So and I really believe that at this moment were big changes are possible. What we need to do is not just. kind of raised the policy solutions but explicitly critique and dismantle those norms that lie at the heart of the dominant economic approach. Can you lay out some of those norms that we're talking about because the thing about norms is normalized we think that they're normal and that's the way things are supposed to be. So what are the expectations of this private family unit that you talk about that maybe shouldn't be expectations on us. Right. Well, I think what's kind of so ironic is there's been this kind of idealized family type right? Kind of a two parent traditional nuclear families still is kind of promoted as the best way of doing family even though many families no longer fit that structure in any way. But then itself was a social creation of a very specific time in history, it was really kind of the mid twentieth century postwar era and it was enabled by massive government spending. So it was only able though for a certain group of families largely white. Families especially and with husbands who had unionized jobs. So those benefits massive investment in housing massive investment in higher education for white men who were returning from the war and could benefit from the GI bill. All of these public supports enabled this kind of family ideal. Now, in the forty to fifty years, kind of sense that is beginning really in the one thousand, nine, hundred eighties we've dismantled all of those forms of public supports that made that kind of family possible and yet we still have the expectation that families are going to be providing for their own. So it's kind of a catch. Twenty two families they're forced to believe. It's their responsibility to provide for everything for their kids that can assure a middle class life for economic security in the future families have to pay for childcare to all the kind of enrichment activities that accompany middle-class life these days to higher education, which is increasingly financed by families or through massive debt that families have to incur either college students or their families on their behalf. So the economic burden for families has increased exponentially over the last forty to fifty years, and yet we remain locked in this family ideal. This notion of what families should look like. That simply is not possible with the economic burdens that we now have. I'm curious. Besides you know us feeling stressed and. And people having less and less money like what sort of the result for society of that. Yeah. Well, here's what I think is kind of interesting. So this economic approach was facilitated by two parts. A partnership you could say between Neil Liberal economists. So these kind of economists would a specific idea about what would lead to economic prosperity and social conservatives especially, Evangelical Christian Social Conservatives, and the case that Evangelical Christian Social Conservatives made about the innate superiority of the two parent nuclear family like that has not actually one out in the court of public opinion in this country like. People today are far more accepting of a wide variety of family forms and they were a generation ago. So we're at a very different place in kind of what we think can constitute a good family and yet at the same time because of all of these policies because of these economic shifts. Individuals are more heather to families through wealth in debt than they were a generation ago. So it's almost as though the economics has done the bidding of social conservatives for them. They haven't been able to succeed in winning the ideological war, but they've wanted on the economic
Monocle 24: Meet the Writers
Vanessa Branson on her latest book, One Hundred Summers
"Vanessa France, and welcome to the writers. Thank you. Thank you. Now of course, you'll family name is well-known because of the entrepreneurial success of your older brother recovered, and in this book you give us a wonderful portrait of the whole family going right back a couple of generations. Search should we start with your grandparents? Golly well, Kim I just state why I wrote the book in the first place because I think it's context utilizes why I wanted to go back and look at my family. I actually started writing it on the twentieth of January two, thousand seventeen. It was the morning of Donald Trump's inauguration and I was so thrown by. I was quite frightened actually, or we were all very fearful about what was going to happen and everything all my values and everything I felt I stood for being threatened by this man to power. And I wanted to I couldn't articulate why I felt so nervous. And I wanted to really ground all where all those values came. and. So by looking back, I wasn't gonNA rush by myself a tool I just wanted to ground where it came from. So I started back with the birth of my father he was born nineteen eighteen. And roll the sort of serendipitous. It was exactly one hundred years before I started writing the book, and there were these mighty seismic changes back in one, thousand, nine, thousand, nine, hundred. I wanted to serve slot the family into a historical context as well. Because the both sets of grandparents came from different worlds didn't they? Yes. Nothing. That was one of the things that I was excited to investigate. My father's family was really quite educated and very good fun actually and very playful. They weren't in the grammar school boys and they all went to Cambridge. And they were ventures and travelers and extraordinary. My my mother's family was more of middle class but I was very interested about the class in England as well and how we've always felt as a family now, quite sort of class less than I wanted to find out where that came from because I think they were quite horrible to your mother, I yes. Well, she was sort of show. Girl you can imagine I mean they were they were slightly snobbish. My grandfather was a high court judge in he wasn't landed. He didn't have a stately home, but he rented one and they had lots of staff and long drive and they did shifting with the right people and let's say and then my mom turned up and she was on the stage and I think they would rather said. That they're blue eyed boy they're DEB's delight as they called him at fallen for this rather so crazy. Well. described it herself as a flippity Japan but. Anyhow it was a very enduring marriage and Utah wonderful stories of the courtship and all the rest of it. It's very beautifully done, and clearly they had a huge amount of affection for each other. And for their children, how would you characterize your childhood? Well, it was sort of heaven really the with very little cash. My father wasn't very successful barrister in he was slightly forced into it by his father and. One of the defining characteristics of all of us which is really was really interesting to sort of nail is that we're all dyslexic and both my parents are dyslexic. They just found schoolwork in academia very difficult and my poor father was sort of shoehorned into being a barrister and he shouldn't have been. So he was there was never much cash around but. They were just sort good fund, my parents and. They both been through the war and I, think life was just to you know they'd seen such terrible things experience really quite a lot of hardship and they just wanted to live for the joy of life again and they gave us that in bucket foles and just embraced all K- also adventure and people and everyone was welcome and we had very very happy childhood action. It sounds like this wonderful big messy household with just lots of lots and lots of animals the countryside I mean does sound so much fun. Tell me about your siblings then well, my brother was born in nineteen fifty and I wasn't born until nineteen, fifty nine, and then we have assisted in the middle. and. We've sort of space do and Richard Got Adhd and he was very very energetic and rather than sort of repressed him I think my parents soon realized that I mean in Heaven Forbid Kids nowadays would be on Ritalin or something and they set him challenges and so my earliest memories were keeping Richard Busy sending him off on on really long bike rides and really difficult things to keep him occupied for the day and lots of mealtimes. My sister just lovely to me and. I wanted to be held on Halloween because of the things. We teased relentlessly and there were lots of sort of games but. Missed quite interesting. Now in my mom's still alive, she's ninety six and I'm sure a lot of people listening to this all recognize this but we all still fall into type as if we're still ten years old. And we'll. We'll want Mommy's attention you know, and we'll still play all roles and it's it's possible.
On One with Angela Rye
Former Obama Intern, Desiree Tims, Runs For US Congress
"Are you doing array is doing fantastic carrio. I can't complain I'm happy to be with you today. I know it's been a little difficult getting scheduled. You gotta go out here raise money and may cause and win the seat listen. Every day, we're working hard to get the drop down. We have a lot of work to do. Yeah. Yeah. Well, at know that it's you have your work out free but I also know you're willing for the job in addition to hearing about you just from being on the board of Clarkston CBC pack also Special Little Nudge from our shared in winter. Are you gonNA talk to desert I said my pleasure it'll be monthly. Enough. Still. Always happy to get to get an edge my real vaseline to case. My boss to. Answer yes, she is. So phenomenon spirit in always had. So the first thing I want to go to actually is There is a song that's out right now. That is urging people it really to me is like the modern doper cooler version of schoolhouse rock and it's. A song by a yellow pain who when guide Efron Cory who works with him? I was like Oh God. No, and then come to find out. That's your cousin. Yes. Yellow pain is your president as right. We gotta get him to do a song for you. Hear that. Song. That's just for you so I helped educating. About voter suppression by how the definite words I need one specific desert for Congress. I have to think of that. So this the whole song came about because I'm back home. After you know the Obama Administration ended worked on Capitol Hill and I was like okay I am going to take a break from public service because people think he'll staffers make a lot of money and we don't What's What's and I was on the higher end but girl what's Yeah One more time for people in the back. So, law school they night at Georgetown and I was like, okay. I'm going to work at a firm for a little bit pay my student loan debt down a good for a few weeks. Or years and Michael Copy shoes real now trip here in there. That was that was what I invasion high yellow pain is on. On your to. On. Your standard requires well, okay because we. INSTAGRAM's sophisticated yet you're right now in. One at a time but ultimately, death rate is told you how to make more money instagram this season. So exactly right I claim home I'm limited ground talking to people about what's happening. So when I moved back home the KKK March downtown. Dayton? That weekend and then we had tornadoes in a match shooting and I was like, okay we have to vote and we have to make sure people are in retention but everyone here on the ground in my family they know me from working in the Obama White House and so sometimes when I say things in Angela, you know this, we say things because they are you guys are politicals. It's sometimes doesn't reach them in the way it should and I thought well, my cousin, he conscious rapper talks about a lot of things and I was like I need you to talk about this song. I have a song about voting in my head it's going to be like schoolhouse rock but hip hop. Though and I think it can work. He was like I. Don't know and I was like, no you can do it in the months reidy fleshing out ideas how to save you call. I. Now we need a robbery in Congress. I can't rent. Over like yours, the concept you're, Ryan. Here's the lyrics. This is what we're going to say we have to talk about what happened in two thousand ten we have to talk about our have to talk about judges at the scene we have. That No. It worked out. It was great I'm so glad he. Goes raise lyrics this little bit you now hidden talent. Okay. So in addition to being a a Georgetown educated a lawyer, you also are the granddaughter of Ashir, crapper. Talk to me a little bit about what this means having that in your lineage also opted those are the things that ground us that people don't see and don't hear about since asked me a little bit about that. Yes. So my Popo is I called him now is from the deep South. So like beyond Daddy Alabama Louisiana, my maternal side is Alabama in my paternal side is Louisiana so. Shout to be onset I'm Louisiana both sides. Okay. So he migrated from Alabama, to Ohio, in the late nineteen forties part of the great migration like many black people go live in Chicago and Detroit and the path as to how we got. There was the our parents and grandparents came for opportunity and you know he dropped out of school when he was six years old because he had to work the fields, but he could never go back to school but. He still was able to reach the middle class work in a factory in real heatless taught me the importance of hard work and made me promise to go to school for as long as I could because he couldn't and that's why I continue. I went to the first family to get the undergraduate degree. Then I got the Masters Okay Papa be done. He was like Oh is that he can you go further. Pressure. He lived to see me graduate from law school, but it was a promise I made him. He'd he'd passed away from stage for a lung cancer but I will him through the White House so that was one of his last trips. Through the Obama White. House before Obama left in mayhem that promise that I will continue to keep going in idea but he taught me the importance of hard work and perseverance and that's what I'm doing. So I may not have the most money here is a congressional candidate I may not come from the wealthiest bag ground but I come from a background of hard workers in no one will be desert hymns
Wayne Cabot and Paul Murnane
New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’
"In the suburbs is surging. As New Yorkers are fleeing the city Greg David from the news outlet. The city has been following this and joins us now, Greg, what are you seeing in terms of home sales and prices in the suburbs? Well, home sales air certainly up a lot and some prices air up to, according Tio Miller, Samuel Real estate appraisers the suburbs as a whole had a 44% increase in do I and sales compared with a year ago increase in Westchester, 112%. Fairfield County, 73%. And the brokers all say these are New Yorkers seeking to leave the city for more space. Because they fear another pandemic and possibly even because of the shootings and rise in the crime rate. What does this mean for the city's recovery? I guess it would take a bite out of the tax revenues right? It's going to take a bite out of the tax revenues, and it conceivably is going to take a bite out of the city's business community. The more people moved to the suburbs, The more companies are under pressure to let workers work remotely. It's going to be difficult for the recovery. Another big hurdle. You know, there's different groups of people who are buying homes in the suburbs are people. Usually middle class and upper middle class people who were leaving. We also know that many young people have left to go home. We know people with second homes have gone to live in the second homes. Maybe they'll come back. Maybe they won't come back. But it is. It's a really big hurdle. And yes, you're absolutely right. These people pay more taxes than many other people. There have been crises here before people have left than they always seem to come back. What is your sense This time around? Is this short term long term permanent? Perhaps. No one knows the answer to that. But I would say that someone who has covered this story about New York's ups and downs for more than 35 years. I am very worried this time. I think the pandemic And the economic damage from the pandemic could be doing more than temporary harm. I think it's clearly worse than both the aftermath of the terrorist attacks in the aftermath of the financial crisis. How much worse how permanent those air questions I can't answer today. Greg David at the city, Greg. Thank you. Thank you. W CBS
Casefile True Crime
The Steven Stayner Case
"The Smoke Californian Falling Tan of Said Laws One hundred thirty miles southeast. Of San, Francisco providing access to the Sierra Nevada mountains and California's central coast. Surrounded by almond groves and paycheck orchards. The town's slogan is gateway to Yosemite. A ninety mile drive leads ride into the heart of the famous Yosemite National Park I remote area of wilderness spans close to seven hundred and fifty thousand acres. The Miss said community is close knit with residents enjoying the range of outdoor activities on offer including skiing, fishing, hiking, and swimming. trae line to neighborhoods featuring numerous paths and pox make miss said an ideal place to raise a family. From nineteen, Sixty, seven to nineteen, seventy, one this Dana family lived on a twenty Acre farm ranch just outside of method, county? Parents K into del had married wake soft like I met and had gone on to have five children. Kerry Cindy Stephen Jody and Corey. Del worked as a mechanic at a local page cannery and also grew almonds on the families found. This Dana were a loving family as practicing moments. They enjoyed attending church services twice a week and in sped to on the children loved exploring their lodge property. Once a month, the family would spend the weekend camping at a nearby like. Middle Child Stephen loved the great outdoors and would explore the farm for hours with his dog daisy. Hey and his father often went fishing together. But it was a running joke that Stephen couldn't keep quiet long enough for them to catch anything. This summer of Nineteen seventy-one was hot and dry and Dell's almond crops struggled to due to poor irrigation. Hey Decay, decided to sell the ranch and move their family to suburban Miss said. They purchased a three bedroom single story in a lower middle class neighborhood that had a swimming pool in the backyard to provide relief from the summit hate. The. Move was difficult for seven year old Stephen who missed rural life. At first, he struggled to adjust to his new school of Charles wrought elementary bus September of Nineteen, seventy two he was settling down and making friends. On the evening of Sunday, December three nineteen seventy seventy-two Stephen attended the birthday party of his friend. Sharon giving her a stuffed Koala bears as a present. When he returned time Stephen Raved to his parents about how much fun he had had at the Party and tell them how much he was looking forward to Christmas in a few weeks time. He was so excited that he had trouble falling asleep that night. The next morning Monday December four was a regular day in this Dina household. After breakfast K. inspected her for eldest children to make sure they were presentable school while the youngest corey wasn't yet old enough to attend. Kerry Cindy Stephen and Jodie then walked the twelve blocks to Charles. Rot. Elementary together. With sixth grader Kerry keeping watch over his three youngest siblings. Stephen finished school at two PM, which was Annella hour earlier than his brother and sisters. He usually walked the half mile home with friends, but it was raining and cold. So K. decided to pick him up on her way home from running. Samaritans. She arrived at the school at two ten hoping Stephen had anticipated that she would pick him up and was waiting for her. However there was no sign of him. K. Drove home keeping annoy out for Stephen along the way. She didn't spot him on the Straits and when she arrived home at two twenty, he wasn't dairy the. At three o'clock, K. and Del returned to Charles wrought elementary to Pique Cindy and Jodi up from school. Carry wasn't there as hey typically won't time with friends. But Cindy into Jodi time their parents, they hadn't seen Stephen since lunchtime. This. Wasn't an immediate caused by concern as Stephen had recently by any trouble for going to his friend's house off to school without seeking his parents permission first. Del had punished him with a belt to the backsaw does the turn but they was certain he had disobeyed them again.
Quick News Daily Podcast
27 Republican former members of Congress say they'll back Biden over Trump
"Democratic nominee Joe Biden just keeps racking up the endorsements from former Republicans today more than two dozen former Republican members of Congress endorsed Biden notably on the first day of the Orange See Republican national convention the name that's most familiar to liberals like me is. Senator. Jeff. Flake he was the senator from Arizona Senator Gordon Humphrey of new, Hampshire and John Warner of Virginia round out the list of senders in the rest are all congressman from everywhere from Texas to Hawaii. So by an Israeli building strong huge coalition. And you might say, well, how does this affect me if your views are closer to mine we're not the intended audience for this intended audience is upper middle class upper class folks who usually vote Republican but modern it and. Turned off by trump. That's who they're trying to reach here. This gives those people permission to vote for Joe. Biden. Again, can you imagine being Republican crossing over to vote for a Democrat? Not really likely. So on the first day of the convention good news
Morning News with Manda Factor and Gregg Hersholt
Joe Biden, Kamala Harris First Joint Interview
"World News Tonight Anchor David Muir and Good Morning America Co anchor Robin Roberts. Joe Biden laid out the stakes in this election, blaming President Trump for the severity of the Corona virus crisis. Do you blame President Trump for lives lost? I don't blame him for the current crisis. I blame him for wrecking wave. Not dealing with solutions. He hasn't listened to the scientist. And while Trump has attacked by then for campaigning from home, Biden says Trump's push for large scale in person events is dangerous, even deadly. Look what happens. What what's happened with his his events. People die. People get together. They don't wear masks. They end up getting cove. They end up dying with his running mate by his side. Kamala Harris asked about that pivotal moment at the Democratic debate when she took bite into task for his record on race. A lot of people cannot let that go the way you challenged him. So how did you go from there to here? I want Joe Biden to be the next president of the United States. I believe in Joe Biden. I believe in his perspective, and frankly, I think that's that conversation is a distraction from what we need to accomplish right now and what we need to do. Harris was also pressed on Biden's shocking comment this spring. That left critics saying he's taking the black vote for granted. If you have a problem figuring out what your Sameer Trump You a black, so when you have a running mate Makes a comment like you ain't black and lead some people to say just doesn't get it. Have you been able to speak truth to him about that? Listen, when Joe and I talked about and have talked about, frankly, over the years, But in connection with this race about Miss State of Black America, he has a deep sense of awareness and knowledge about racial disparities, inequities and systematic racism. Pushing back against Trump's attacks. Biden promised no new taxes on the middle class, so no new taxes $400,000 down. There would be no need for any Guidon, who has come under attack for his age, also shot down any suggestion that he limit himself to just one term. You're leaving open the possibility you'll serve eight years now. Looking ahead. Biden and Harris both say they are already preparing for their debates. Biden, saying he could hardly wait to take on trumpets. ABC News correspondent Mary Bruce reporting Come on news time 8 21. It's time to get to our propel insurance. Money updates so WalMart is filing a trademark application ahead of its upcoming
Steve Cochran
Michelle Obama: "Vote for Joe Biden like our lives depend on it"
"Democrats have opened their national convention, virtually five of the United States of America. Joe Biden's Biden's grandkids grandkids kicked kicked off off proceedings proceedings with with the the Pledge Pledge of of Allegiance Allegiance a a choir choir of of people people from from each each state, state, then then saying saying the the national national anthem anthem Headline Headline Speaker Speaker Michelle Michelle Obama Obama stressed stressed the the importance importance of of voting for Joe Biden. If we have any hope of ending this chaos, we have got to vote for Joe Biden, like our lives depend on it. I know Joe. He is a profoundly decent man. Guided by faith. Obama accused President Trump of downplaying the Corona virus crisis for too long, she argues Trump's response to the outbreak has been marked by chaos division and in her words. Total and other utter lack of empathy. A group of Republicans spoke out against President Trump at the Democratic Convention, the number of Republicans included to John Kasich. The former Ohio governor, who said the U. S is on a path of division and dysfunction. Former New Jersey Governor Christine Todd Whitman said former vice President Biden could get the US back on track, not Donald Trump. Former Hewlett Packard CEO Meg Whitman also spoke Republican and a longtime CEO. And let me tell you, Donald Trump has no clue how to run a business, let alone an economy. So members of the Illinois congressional delegation have their own virtual meeting to talk about issues facing the country, a little U. S Senator Dick Durbin says when it comes to the middle class. It's time to get back to the base and whether we're talking about a living wage. Whether we're talking about card check membership efforts for protection in the workplace, time and again, we've got to come back to basic principles. Mayor Lightfoot was part of a round table discussion yesterday on social justice with Biden. She says economic empowerment gives people a feeling that they have a stake in their own future. And that will create a lasting change.
AP News Radio
Biden introduces VP choice Harris; much history, no crowd
"Joe Biden has introduced his democratic running mate as a woman ready to be vice president on day one in comelec Harris I have no doubt that I pick the right person to join me Biden says the California senator is smart tough a proven fighter for the middle class it was a surreal moment a mostly empty Delaware high school gym the backdrop in a grim reminder of the virus pandemic Heris calls it a moment of consequence for the nation everything we care about our economy health our children the kind of country we live in it's all on the line ripping president trump's handling of the virus among other things Sager made Ghani Washington
WTOP 24 Hour News
Kamala Harris Slams Trump in Introduction as Biden’s Vice President Nominee
"Biden introduces the woman he hopes will join him in victory this November. Kamala Harris, She's tough. She's experienced. He's a proven fighter for the backbone of this country. The middle classes to Democratic standard bearers held their first joint appearance in Biden's hometown, The Wilmington, Delaware. Harris quickly went on the attack. Going after the two people. She and Biden want to replace the case against Donald Trump. And Mike Pence is open and shut. Just look where they've gotten us. More than 16 million out of work. Millions of kids who cannot go back to school, and Harris said President Trump is the reason Cove in 19 has hit the US more than any other country, accusing him of not taking it seriously. There wasn't the usual image of the two candidates standing right next to each other. Biden and Harris generally kept their social distance
WSJ What's News
Wall Street Reacts to Biden-Harris Ticket
"Today Joe Biden and Kamala Harris made their first appearance together as running mates for the Democratic presidential ticket. CARMELA. As you all know is smart. She's tough. She's experienced. She's a proven fighter for the backbone of this country. The middle class for all those who are struggling to get into the middle class. Connell. Knows how to govern. She knows how to make the hard calls. She's ready to do this job on day one. After the most competitive primary in history. The country received a resounding message that Joe was the person to lead US forward. and. Joe. I'm so proud to stand with you. And I do so mindful. Of all the ROIC ambitious women before me. Who sacrifice determination and resilience makes my presence here today even possible. This is a moment. Of Real consequence for America, Harris's pick is historic and has prompted reactions from around the World Harris's father is Jamaican. Her mother is from India. She's the first black woman and the first woman of South Asian ancestry on a major party presidential ticket in the US Also, Reacting Wall Street. Financial leaders were anxiously awaiting Joe Biden's pick for vice president, our tech money and politics reporter Emily Glaser has been speaking to many of them and joins me now. So Emily you bet on the phone with business leaders all day. How would you characterize their reaction? This leaders are generally really happy that Comma Harris was chosen as Biden's VP pick for a couple of reasons. But basically, they view her as a pragmatic person or realist who while she has been tough on big. Business in the past looks at the nuance issues and takes each thing at a time versus having a blanket approach as you know, the wealthiest bad or big businesses bad. We've seen president trump and his campaign try to paint Senator Harris as a radical left wing Pick Wall Street doesn't seem to see it that way. Definitely not a lot of what I. Heard from folks on the phone text messages emails. But that she's moderate, she sent her even though people don't like using those words that much anymore and that's similar to how they think about Biden and a lot of the reasons why think financial leaders are happy and pleased and cheering on this Harris pick is that she does represent a move away from. The. Far Left Progressive Part of the Democratic Party the part that Elizabeth Warren and Bernie Sanders. Are In and so they're relieved that you know things like more financial regulation or really taking back see right now it's all about economic recovery and harassed and Biden have said they think big business is good if the economy recovers and business recovers, that's good for. Everybody. You know it's interesting because after Biden made his announcement yesterday, we heard Praise from people like Senator Warren and Senator Sanders. We know Senator Harris has pledged to be tough on big banks as California Attorney General. She pushed for a big settlement with banks for their role in the foreclosure crisis. What about her record makes Wall Street thinks she's a moderate. It's a great question look like you said, she's touted her tough on banks record. But when you actually break it down, what folks in the financial community are saying is that she's made no secret that there's wrongdoing she will prosecute her background as a prosecutor, but it's also important to keep in mind that her big bank settlement was very nuanced and she did claim a lot of credit for it got brought a lot to. The State of California but we had reported earlier last year that she wasn't always really doing as much of the substance of the negotiations and she was doing a lot that solidified. The Big Bank settlement is helping her record as a politician. So when I spoke with bankers and financial executives last night and today they were saying look she's GonNa take swings at us. We get that it's politics. We're not gonNA take it personally. When there's wrongdoing you know she says she's going to prosecute. We got that but she's not going to have a blanket approach as all banks are bad or all wealthy people are bad. What were some of her other policies on the campaign trail and what do they tell us about her stance toward the financial industry. Healthcare was a really big wine and let's not forget healthcare with the most important issue on the campaign trail. Now, in coronavirus times, it's shifted more to economic recovery. But Harris struggled with this event she failed to really clearly state what her plan was initially, and then once she did she basically said she would have a government run health care plan that would still allow for private insurers an even mentioned that she proposed taxing financial transactions to pay for that. Health care overhaul. So that's something that certainly is out there would really impact the financial sector. Another one that was really big was her so called three. I'm agenda in the beginning of the primary when she was on the trail, she often would attack president trump a lot but she changed strategies partway through an efforts to really appeal more to the every man, every woman and the middle class and mentioned things like gender pay equality breezing teacher salaries and things. Like that that she hoped would get her more voters. She's also being welcomed warmly from the tech world. What can you tell us about that? You know, let's not forget that Kamla Harris has been a politician California in the bay area for a while she was district attorney. She was Attorney General She's been California senator since two thousand sixteen she knows tech executives in Silicon Valley and his raise money from them for her races for a number of years she. Also, lives part time in southern. California with her husband Doug Hav who is an corporate entertainment lawyer. So she's got these deep ties to the media telecom tech and entertainment world folks that have fundraise for her for years. They know her they think she's tough but fair and are very excited and already planning fundraisers now that she's the VP pick, she's also shown that she can raise big bucks from Wall Street donors. How might that help the Biden campaign overall? I think it will help double down on a lot of the money that they need. I saw an invite for recent fundraiser that has the high amount at two hundred and fifty thousand dollars. This is big money we're talking about a lot of the Biden fundraisers in recent weeks have raised millions while Harris and Biden do overlap on a lot of donors whether from the financial tech media entertainment world, a lot of them have known. Harris. For a really long time supported her during the primary and may be willing to give even more money than they already have to the Biden campaign now that she's on the ticket.
Planet Money
History of the US Income Tax
"But our country has this really conflicted history with the income tax. It was not designed by our founding fathers for most of American history there was no income tax at all in the years are brand new government needed some way to raise money, but there was no need to mess around with an income tax. The government had a much simpler way just. Tax The stuff that comes into the ports for a long time really the only way that they raised money was using tariff duties duties on imported goods. This is tax historian Joe, thorndike and tariffs are simple. Right? You send out a tax collector told the major ports ship pulls import us go through the manifests, check the cargo and you add up whatever you WANNA tax sugar guns, books simple. But there's one big problem with tariffs they fail you the one time you really really really need revenue tariff duties are great way to raise money as long as you're not fighting a war yet because someone's blocking airport right or sinking your ships on the way. News Yeah. And that that does tend to depress a little bit. So when in the United States do people start to think and talk about an income tax will you know the earliest? In American history that I know of comes during the war of eighteen twelve when the treasury secretary throws it out there it's it's really kind of a throw away in a report that he sends to Congress. You know, hey, we could consider taxing incomes but this suggestion during the war of eighteen twelve, it goes nowhere an income tax is actually a very complicated thing to pull off successfully there are three big obstacles to getting it. Right. The first obstacle is logistics like how do you make sure people pay a percentage of their income? Oh, it's enormously complicated because it really does come down to. The individual, who's filing this return, and that person we're going to expect them to begin with just to keep track of how much they're earning. Then expect a lot of honesty from them about reporting those records to the government and to make sure that they're actually doing the job you didn't have to create this huge administrative apparatus to go in and enforce it, and you have to give these people the power to dig through the personal financial records of every taxpayer, and that's usually pretty unappealing to tax payers and the government is not going to radically reform the tax code unless it has to. Unless, there's something incredibly expensive it needs to fund. This is how a lot of taxes come out. There's a war, and in fact, fifty years after the idea of the income taxes I floated such a war comes to pass the civil war. This is a very, very, very expensive warm Congress needs money to feed its soldiers by guns, cannon ships. So this time, it's not just one guy. Bringing up the income taxes a suggestion this time. Congress makes it law and even more importantly they come up with a way to enforce it Congress provides for the creation of the Bureau of internal. Revenue this is the first real income tax in the United States, but it doesn't look quite like the one we have today during the civil war only the wealthy had to pay income tax. And the government does this really very clever thing to get rich people to pay it. It makes tax returns public during the civil war anyone could go in and look up your income tax return or at least your report of how much you earn and the idea was that this would help improve compliance because your neighbor would see you driving around on your brand new plow and he'd. Say Wait a minute I that guy get all that money I'm going to see how much he reported on his income tax and they'd go in and they check it out and they could report to the agency and say, Hey, you know I. Don't think that this is the right number. This guy looks like he's living too large for this sort of an income they sort of conscripted. And made the tax collector. So who is living large in? Let's say Washington DC in eighteen, sixty four. Well, we pulled up a copy of the tax assessor sheets for DC, during the civil war and there happens to be a guy here Abraham. Lincoln. Address White House at the White House. Everyone knows where it is it's senator and and the taxes he paid I'm sure people were very interested in this one, thousand, two, hundred, ninety dollars. They're also entries here for restaurant owners for liquor dealers some guy lived on longboat may be in the Potomac River. It's clear from this list that people were paying taxes, the plan worked. Well, some people are paying taxes the north part of the country. Remember this is the civil war, the south. Also attempted an income tax attempted they had a much less effective, a tax system and their income tax was much less effective than the North's version. Is there a case to be made? The civil war was sort of an economic battle in the in the north was better at at that and raising money and and that's one reason at one. Oh, absolutely I mean taxes do have a lot to do with the. North. Winning the war. Not just taxes, but the North's ability to borrow money it. It just had a better economic foundation for fighting a big warlike that you know the income tax worked. So well during the war, you would think that the US government would want to keep it around I. Mean it's Nice to have extra money when you're actually rebuilding from the carnage and such but once the conflict ended, there was this big argument about whether to keep the. Income tax round or not, and now the income tax hits its second obstacle a legal obstacle. Remember how he said the income tax only hits the rich. Well, the rich did not like it and the rich have lawyers in eighteen ninety, five legal challenge to the income tax reaches the US Supreme Court here's economic historian John Steele Gordon. My great great uncle was one of the lead lawyers in that case and guess which side he was on. The trying to shoot down the income then you've got. Cable. He was a Morgan partner at five years later. The argument John Steele Gordon great great uncle made in court was that the income tax violated little document that we'd like to call the US Constitution here Ariba line to you. It says quote direct taxes shall be apportioned among the states according to their respective numbers. I will translate that for you if the federal government wants to raise money directly from people or property, then it has to divide the tax burden up equally Among the states according to their population. So if a state had ten percent of America's population, it should only have to pay about ten percent of the tax and the income tax wasn't taxing according to population it was taxing according to income. So the question before the Supreme Court is and as is often the case it's something kind of knowingly subtle and hard to follow. The question is, is the income tax eight direct tax. I stayed up late last night reading court documents. This is a huge rabbit hole of complicated things, but it comes down to this if any part of this income tax law passed by Congress, if any of the many taxes embedded inside considered a direct tax, then Congress did it wrong? The law is unconstitutional. That is the question that justices had to decide a very interesting thing happened in the Supreme Court. One justice was ill evacuate dying Justice Jackson from Tennessee who was argued before eight justices and they split four four as to whether or not the income tax was a direct tax and therefore unconstitutional. That's why we have an odd number of justices. He can't have a tire. Exactly. was. A four four time. The court decided that the case was simply too important to be tied, and so they haul justice Jackson out of his deathbed. Now odd number of justices and everybody knew that he was in favor of the income tax because he'd said. So publicly, Z. Really Dying Jesse really died two months later. So the lawyers re argue the case Justice Robert Jackson is. In the final days of his life is a pro income tax guy. So he's going to break the tie in favor of the income tax and the tie was broken case was decided five four. But the crazy thing is it was five four the other way it was a five four decision against the income tax. One of the other justices we don't know who switched his vote. and. So the tax was unconstitutional. No income tax. How do people reacted the time to this little intrigue Oh they've there would be a there was a lot of. In the papers about it, but the Supreme Court was silent as it so often is to what the internal workings we really don't know who who, really don't know who it but somebody's which their vote we just don't know. So there's this weird stretch in the middle of American history where the income tax has been ruled unconstitutional but this didn't in anyway settled the argument I mean, if anything the debate over income tax in America grew more heated. This is the time when a lot of big industrialists are getting filthy rich JP Morgan, Rockefeller Carnegie, and at this exact time, the nation has no income tax, the people who are not JP Morgan or Rockefeller Carnegie in the country. A lot of them feel those guys the rich need to bear more of the burden. So nearly twenty years after the income tax is ruled unconstitutional, we get an amendment to the Constitution the sixteen, th amendment ratified in nineteen thirteen a single sentence which begins the Congress shall have the power to lay and collect taxes on incomes just in time for another war World War One. So the income tax has cleared to hurdles so far logistics check legality check. The income tax needs one more thing to bring it into the modern age. One More L. Word Love the income tax of to this point has been a tax on the rich right everyone else was exempt in fact when they bring the income tax back after the constitutional amendment, less than two percent of the population has to pay. All this changes though with World War Two, the government needs more money and now ordinary folks are asked to pay again Joe Thorndike this is a is a real revolution because for most Americans, they've never had this kind of direct tax paying relationship with the federal government. You know they're paying excise taxes on alcohol tobacco or consumer goods but those things are are usually levied somewhere other than like on the consumer you know they're levied at the manufacturer level for the first time. Americans are sort of confronting the federal government as a tax collector and the middle. Class has never paid this tax before they not sure what to do a whole in nineteen forty-three show that one third to one half of people were unclear what
EAA's The Green Dot - An Aviation Podcast
Jackie Ruiz: Author, Publisher, Aviation Lover
"Get started like like we almost always liked to do and I go back to the beginning a little bit. What was your? What was your first exposure to aviation? How did you first get involved? Well you know a lot of people ask me where this passion king from. Certainly wasn't for my childhood because in Mexico growing out both you know middle class family the SIMA flying planes. So I was just not in the not on the menu and My first sort of experience was a beautiful hot air balloon. So here in Illinois and I happen to spot this beautiful lights craft I thought it was kind of a toy airplane and as we approached this day said, no you Texas fly aircraft and we immediately my husband and I purchased the discovery flights and I think it was the first time that flying that aircraft with no doors on. Feeling freedom and those wings It just like it was like Lois Recite About how long ago was that? I was probably about six years ago and I started. Sort of you know like it's almost like sometimes you find ambition find a passion and sometimes the passion finds a way to find you and I think that that's how it started to kind of fit into every part of my life with the ideation school asking me if I could do their marketing and then being invited to an island to keynote or three hundred soldiers and my finding a way to get there with the traffic that this growed represented asking. To give me a ride in but you know sort of opened up this whole world of. Possibilities I looked at a section I said What if I can fly myself to places launch in breakfast thing and see the beautiful sunset either y you know if I could do that and Anything that bug. Just seeped into my heart and never loved me. So it's been about five years and got my license, my sports pilotless inside two years ago in July. It's awesome. Yeah and it's a great great sign that when you did that discovery flight with the doors off, you enjoyed it I. I've done a couple of young eagles flights in the zenith. We we had an are flying club where we we pull the doors off which I love a pilot but sometimes I look over there and that that Young Eagle was a baby in the seat a little. A little too hard. So say there's a little getting used to. Yeah. Yeah. That's that's good that you enjoyed it Why did you go sport pilot? Why? Why did you Y how? Why was that a good fit for you? I the school that I was But I basically, with were kind of experts saying you know light sport aircraft, which is the new that BFA introducing two, thousand, four and It seemed to be you know hobby it seemed to be a wonderful way for me to get my hands but you know just kind of getting to the beginning to the industry and You know running to companies and nonprofit organizations in between my travels around the world I, Kinda wanted to see how Would you know fulfill my life and in in in this passion continues to grow. And I just found that aside an amazing stone having the responsibility of three passengers just one. Done by Katie. To to really you know to make that happen. So in hindsight now back and say, well, I I wish I would have gone straight to my private but the experience all the hours and a gain to close one hundred, fifty hours on the four aircraft You know I, it's it's just getting more confidence that I can fly bigger aircraft and now I mean they journey of getting my
The Flow Artists Podcast
Ana Forrest & Jose Calarco - Forging Your Own Path
"Hello Joe. It's Jose Calico and Anna Forest Tia on all CA silent USA. And just by what you see what's going on in the mainland in the US I. And we're I a Saif. He only island in a Beautiful Anna's house thirty acres in lush forest with owls and eagles, and deason vouchers. Would really enjoying actually the lockdown. After five or six years of non stop touring thirty five CDs and countries a year. With had the chance to settle down and? We do have still very, very busy with our online channel and running out business each day we do a nice lengthy yoga practice. I'm a vegan chefs are cooking more than ever. Where actually very, very healthy. And so much has changed joke. Since we last spoke the world has gone absolutely crazy. And the US is one of those places where just off the mainland here. And not too far from here there's riots and shooting and racial tensions. All sorts of crazy crazy stuff going on a lot of it is a countdown to the election. Coming up here in the US I. There's a lot of manipulation lots of lies. Very hard to trust many people right now. So. Much. Going on. But We a happy to announce that old during this lockdown. We've had the opportunity to finally record all online yoga music ceremony shamanism philosophy Joe Prayers, go out to Victoria and all Ustralia Week here how harsh the lockdown is over there and I just lucky that we were able to do the lockdown thirty Acre forest. However, we seem to allow best wishes to Victoria and Australia, and we pray that our freedoms come back again. Go, and Jose. Thank you so much for speaking with us today all the way over in New Zealand the beautiful. Put Her. Could. We stop heads of your connections to first nations culture. Would you like to share how you live and work within indigenous communities and Foams what you share today? Absolutely. Well. I have been director all descendants aboriginal and Torres Strait Island Dance Company for twenty. Five years. People can see that descendants dot com you. We've traveled to the four corners of the planet we have done the world's biggest events over forty countries were visited. And this is where I got my background. In, aboriginal culture and my aboriginal Mahba spiritual mother Imelda Willis came from the dingy. Kanju clans Al-Faw North Queensland. She is now deceased. And we still descendants still together. And this just gave us the idea I had already. Doing first nations work in forest job. But I took it a couple of steps further by doing. Exchange all over the world while wearing Australia, we do Australian aboriginal stuff while we're in the US CY cultural exchange with the Americans. All first nations people in Mexico in Canada. Everywhere we go. We liked to do cultural exchange because first nations have spirituality was is beautiful and untouched by white middle class sort of new age is symptoms. So, with the aboriginal culture, it's the world's all this culture. It goes well over fifty thousand years and it was well before yoga and a lot of people site what has first nation. Philosophy principles and culture got to do with Yoga. And it actually has a lot to do with Yoga when we look at Yoga in the broader perspective as a place learning and healing.
Slate's If Then
How One Block Got Through It
"Over the past five months small businesses in America have been undergoing a mass extinction event. Bars are closed restaurants or half empty and retail is shuttered. Full blocks are slipping away. I wanted a sense of how this is playing out in the city I live in. CHICAGO. Not The one off story of a beloved are not the frightening toll in national statistics I wanted the story of one block. So I went to seventy fifth street in the Chatham neighborhood in the heart of Chicago outside. This. Part of the South side is really pretty. There are huge street trees flowers on the steps of the bungalows brick two flats al capone used to live in one of them. Many corners have signs from block looks setting the rules of the road. No loud music no car repair watch out for children playing. Even middle class parts of the side commercial corridors have struggled. redlining big box stores, job loss and black flight have left them full of vacancies. There are signs for businesses that have been gone. So long their phone numbers don't have area codes signs for furniture stores, nurseries, food markets, stores that sold beepers. which is what has long made this stretch of seventy fifth street, just east of South, Michigan, Avenue Standout, and what makes it stand out? Even during the pandemic. There's a handful of hair salons and barbershops. There's a dentist and a daycare. There's a cycling Ju. We're one day I visit. The DJ is wheeling bikes onto the sidewalk for afternoon classes. A little bit nervous, south. Arm. Being. There is a cult favorite, vegetarian joint Zoll Veg, which always has a line inside and if famous barbecue joint limbs, which always has a line outside. Large To dry cleaners where the pressed uniforms of Chicago police and transit workers hang under plastic and a Taylor who says online ordering suits him just fine. To never going to stop because you combat it fit to perfect. You're going to need some ultra and that's why. There's a deli run by an ex COP. I went there cover in plain clothes they know who I was and I got to a fight. So, as may have started the fight, my gun thought of mine waste and me and a guy is literally fighting for this pistol. There's a bakery, a frame shop and Francis Cocktail Lounge. The Bar has been here since December thirty first nineteen, sixty five muhammed leads to drop by Michael Jordan too. So we are the Regal. Beagle. You don't know three's company. So a lot of people, it is the neighborhood where everybody knows your name and we're able to have people come out and have cocktails on the front. So that has really seemed to. Help us excuse me you got to mass. Need, you have on the bads. Jada Wilson turnball runs the place with her cousin who's mother founded it. If you can't tell, she used to be an assistant principal at a Chicago Public School can't you put on your mask plays. Thank you. So, much. Appreciate you. Working with children really got me ready for this. One reason I picked this stretch of seventy fifth street was because it seemed on paper like exactly the kind of place that would have struggled to get through the pandemic stretch of black owned family businesses in a city that has been hit hard by. COVID. Nineteen. But what I found was not what I expected. Mid July virtually every business on seventy fifth street had reopened after the initial shutdown. Some were just getting by, but many of them said in spite of everything that they were doing. Great. I'm Henry Bar and this is the final episode in our series on the future of the during and after covid nineteen. Today, on the show, one block on Chicago's south side tries to get through the storm.
Citizen Reformers
Ep. 008: Hedrick Smith talks grassroots democratic reform & reclaiming the American Dream - burst 02
"Edrich. How did we get here? Well you know I have to tell him like eleven following American Politics American economics for about five decades and I really watched both the political system and the economic system victory over that time in economics, the things really began to change in the eighties early eighties. From World War Two until the end of the seventies. When the economy grew the middle class standard of living rose with it. You can see him almost move in tandem all levels of society moved up together but then we started to get what they call shareholder capitalism maximum return to shareholders. Wages tended to get frozen. They got stagnant. The middle class of living deteriorated wealth got concentrated. The top one percents the top point went percents top point zero, zero, one percent, and then you had a bunch that happened in the economy partly because of shareholder capitalism, we can talk about that. But also because of the way the tax system was changed huge tax cuts. Under Ronald Reagan under George Bush on Donald Trump for the wealthy added about five trillion dollars five trillion dollars to the wealth of the people at the top end added to the insecurity of the middle class people not knowing whether or not. They could afford their retirement, send their kids to college of for their homes, make it from month to month, and at the same time that was happening a lot of that money was spilling into the political system. So you had the increase. Influence of mega donors, corporate money, and billionaire money particularly since the Citizens United Decision in January twenty ten by the Supreme Court which has given just a free pass to unlimited amounts of money and you've seen the amount of money skyrocket wing go into that. and. That's really affected the political system and the other thing is the party differences have hardened.
KQED Radio
"american middle class" Discussed on KQED Radio
"One. There were the run Joe run chance and the yellow and black run Joe run signs. I appreciate the energy your show when I got up here. Save a little longer. I may need in a few weeks the audience mostly white working class men was a proxy for the kind of voters. Democrats need to win back next year in states, like Michigan, Wisconsin, and Pennsylvania Biden who was born. In Scranton told the firefighters they reminded him of his own neighborhood because I look around this REU, I see people who built this nation. Country wasn't built by Wall Street, bankers and CEO's and hunch hedge fund managers are not necessarily bad. They didn't build this country. Built by the great American middle class and unions dope. Class Biden seemed to be fighting off a cold and his remarks were a little rambling, but they had all the building blocks of a stump speech. He made the case against Trump decrying, the mean, pettiness that's taken over our politics, and the notion that American identity is defined by race or religion. Redefined bothers enduring principles that are in the constitution. Even though we don't necessarily know. Defines. America. Everybody gets a shot. That's what the next president United States. These to understand. And that's what I don't think. This current president understands at all if he runs Biden join a diverse democratic field with no obvious front runner. He and Bernie Sanders top the early polls. But at this point that's just a measurement of name ID. It's easy to say, Biden and Sanders represent a left versus center split in the party. But ideology may not be the determining factor in the democratic race strategist Steve Elmendorf says before Democrats asked whether a candidate is for the green new deal or Medicare for all they ask can they win. We want to find the best candidate who can be Donald Trump. And I think vice president Biden, you it does run the range from people who think that the sort of calm steady. Experience ability to talk to working people in the mid west is Pennsylvania background would be a good counterpoint to Trump. You also get people who are looking for new and different. And he is not new and different Biden's biggest strength. This is potential appeal to voters in the rust belt states Democrats need to win back. Capri cafaro is the former minority leader of the Ohio State Senate. She says Biden more than the other candidates could campaign in the town where she grew up in my hometown the last Chevy Cruz came off the line of General Motors Lordstown facility that's been there for fifty three years. And if Joe Biden goes into some of these communities, whether it's Lordstown, Ohio, or where carrier, air conditioners were in Indiana, where there are a lot of promises made and and jobs were still lost and going to Mexico. I think that that shows that he gets it. And that he's willing to take it directly to Trump where Trump has failed. But cafaro, says Democrats also worry about Biden's potential weaknesses folks that have seen Joe Biden on the campaign trail in the twenty eighteen midterm elections that you know, the energy isn't necessarily there the enthusiasm is necessarily there. And I think that there is a concern that Joe Biden, well, he may be a very good candidate on paper that in practice. He may not be a very strong candidate other Democrats worry that another Biden strength, his earthy, sometimes goofy authenticity. Could also be drawback. Jennifer Palmieri was the director of communications in the Obama White House and for the two thousand sixteen Clinton campaign when Joe Biden is not a candidate. Everyone seems to find the gaffes that he makes endearing and when he is a candidate people seem to find them problematic more than the other candidates Biden will be under tremendous scrutiny as soon as he gets in the race. Steve Elmendorf says there are a few things he'll be watching for energy. I think he's got to show that he's as energetic as any of the other people out there running. I think he's got a show that he's got the capacity to raise a lot of money. And I think he's got to show that he has a theory of how to deal with Trump on a day to day basis. There's a long way till the first primary votes are cast. But if and when Biden enters the race, those questions should be answered fairly quickly, Mara Liasson NPR. News washington. You're listening to all things considered from NPR news K Q E D traffic.
WLS-AM 890
"american middle class" Discussed on WLS-AM 890
"A judge is appointed a former federal prosecutor to serve as the courts eyes and ears to ensure the Chicago police department fully implement sweeping reforms are Nick gale has more Maggie Hickey. There was also a former Illinois executive inspector general will make sure the police department is complying with the terms of the consent decree the reform deal struck between mayor Rahm Emanuel, Illinois, attorney general Lisa Madigan. Tom Eddie Johnson tells ABC seven the department's ready his face it. We didn't wait before the for the cassette lamented we started two years ago reforms make it easier to investigate officers for wrongdoing and include the requirement that police have to document each time. They draw their weapons police union opposes the decree saying it will make officers jobs more difficult, Nick gale, WLS AM, eight ninety news. Amtrak officials say human error was the cause of switch and signal problems at delayed. Tens of thousands of Chicago commuters during yesterday, evening's rush-hour Amtrak's spoke. Mark Maglione said today that the railway analyzed what happened at Chicago's Union Station and found that it was human error in the process of deploying a server upgrade the air happened as a technology facility that support Amtrak's dispatch control system at Union Station. The delays affected commuters who use the Metro Rail system that also operates through Union Station. Meg Leary says dispatchers couldn't see the locations of the trains and the only way to safely move. Traffic was one train at a time. Amtrak officials apologized and said they're taking steps to improve operations in Chicago in the race for Chicago mayor Tuesday's winner Lori Lightfoot is comparing Toni preckwinkle to Donald Trump in an interview with Bill Cameron Joni preckwinkle who enjoys big union money as tragic Lightfoot as an alleged reformer in millionaire. Well, Edgewood says for her to be attacking a black woman who's been successful is unbelievable disrespectful to the African American middle class and desperate. We get a daily of nasty ugliness every single day from. Our president. We don't need that here in Chicago. And we absolutely don't need that. And somebody who wants to be the next leader the city who's going to have to night people from all over Europe, comparing Tony to Trump to the extent that she is trying to demonize me because we have a different vision for the city, and because we are very different people in who we are from a lot of different perspectives that is taking a page from the Trump playbook. No doubt much more from Lori Lightfoot unconnected to Chicago Sunday night at seven at city hall Bill Cameron, WLS AM eight ninety news and Pakistan has handed over an Indian pilot captured after his plane was shot down by the Pakistani military this week amid a dramatic confrontation between the two nuclear-armed rivals over the disputed Kashmir region. The Pakistani officials brought the pilot to a border crossing with Indian handed him back to India today. Islamabad has said that the handover was a gesture of peace that could defuse tensions and avoid another war between India and Pakistan. A look at the roads. Now, the Edens out.
KOMO
"american middle class" Discussed on KOMO
"Seattle KOMO FM Oakville. From ABC news. I'm Richard Cantu. With no end in sight. The partial government shutdown has hit day thirty one Democrats wasted. No time in rejecting President Trump's Saturday proposal three years protection for the so-called dreamers in exchange for almost six billion dollars for his border wall. The president calls us a compromise that he created. He created the Dr problem, he created the refugee problem. And now he wants to say I'm going to solve the problem. I created by you giving me five billion dollars to me. It doesn't make sense. ABC news chief political analyst, Matthew Dowd. One federal workers union official says it's now a crisis ABC's Chuck Sivertsen with that story federal workers need food rent money and Moore's as their union official. Larry Hirsch, president talked about American mandatory in crisis. The board is humanitarian crisis for the for the American middle class because that's who federal workers are Senate Democratic leader Chuck Schumer calls on the president to open the government, then Democrats and Republicans can have a civil discussion and come up with bipartisan solutions Senator James Langford. Oklahoma republican. Oh, wait this out. Let's get the government open. Get what we can get resolved. Resolve Lankford on ABC's this week Chuck Sivertsen. ABC news, Sweden says US and South Korean diplomats will attend small format talks with North Korea's deputy foreign minister, no word on where the meat will happen or win after hammering the planes and Great Lakes states powerful. Winter storm is now having its way with the northeast US stretches from the Great Lakes into the northeast all the way down to the mid Atlantic. This Arctic blast when you get wind chill twenty below thirty below this is the kind of cold it's dangerous to be out in for prolonged period of time. ABC news meteorologist Sam champion. Monday. Is the Martin Luther King junior day holiday, the Jordan, Minnesota high school, boys basketball team pulled out of a basketball invitational hosted by Minneapolis. Patrick Henry high school when the two teams met last week at Jordan some Jordan fans displayed a Trump reelection flag. You're listening to ABC news question. Do you have a health insurance plan? You are not happy with. Well Bethany and Jason thought they were stock their plan just kept getting more expensive and Bethany favorite doctor didn't even take that plan anymore. And then some friends at church told them about meta share with our previous insurance. We were paying twelve hundred dollars a month with meta share, we now pay around six hundred dollars a month. Yes. They're paying six hundred dollars less per month. And that's a pretty typical savings with meta share. And they actually like meta share more. I was able to go back to my original doctor that I absolutely loved, and it's just been an absolutely beautiful thing being a part of meta share. Yes. So they pay a lot less, and they like it more. No wonder meta share is growing so fast. Find out more. They're super easy to talk to all you have to do is call eight seven seven twenty-six bible. That's eight seven seven twenty six b I b l e eight seven seven twenty-six bible. They're still literally dying to get out of war-torn parts of Africa and West Asia as many as one hundred and eighty people are missing presumed dead in two separate shipwrecks over the past several days. U n refugee agency spokesperson Flavio Giacomo says a raft not far from Libya with one hundred and twenty people on board sank with only three people surviving. Another fifty three migrants drowned in the western Mediterranean. The UN has called for Italy's far-right government to lift its ban against humanitarian rescue ships and start allowing the ships to dock Meghan Williams, ABC news, Rome. Britain's Royal family may be considering having the talk about maybe giving up the car keys with ninety seven year old Prince Philip after he was photographed driving just days after a crash that left a woman with a broken wrist feta's appearing during Prince Philip back behind the wheel just days after that violent crash. The prince's returned to the road, not entirely surprising for the so-called iron Duke, a man known for his fist independence, but some questioning whether or not it's safe for the nine hundred seventy year old to continue Dr ABC's. Julia McFarland in London in Hawaii. Wii a couple of shark. Researchers say they encountered a twenty foot great white shark off who the pictures have gone viral one of the researchers says it might be deep blue lead to be the largest great white ever recorded..
WRVA
"american middle class" Discussed on WRVA
"Financial dot com. Richmond. From ABC news. I'm Richard Cantu. With no end in sight. The partial government shutdown has hit day thirty one Democrats wasted. No time in rejecting President Trump Saturday proposal three years protection for the so-called dreamers in exchange for almost six billion dollars for his border wall. The president calls us a compromise that he created. He created the Dr problem, he created the refugee problem. And now he wants to say I'm going to solve the problem. I created by you giving me five billion dollars to me. It doesn't make sense. ABC news chief political analyst, Matthew Dowd. One federal workers union official says it's now a crisis ABC's Chuck Sivertsen with that story federal workers need food rent money and Morris as their union official. Larry Hirsch, president talked about American mandatory in crisis. The board is humanitarian crisis for the for the American middle class. That's who federal workers are Senate Democratic leader Chuck Schumer calls on the president who opened the government, then Democrats and Republicans can have a civil discussion and come up with bipartisan solutions Senator James Langford. Oklahoma Republican let's not wait this out. Let's get the government opened get while we can get resolved. Resolve Lankford on ABC's this week Chuck Sivertsen. ABC news, Sweden says US and South Korean diplomats will attend small format talks with North Korea's deputy foreign minister, no word on where the meat will happen or win after hammering the planes and Great Lakes states a powerful. Winter storm is now having its way with the northeast US stretches from the Great Lakes into northeast all the way down to the mid Atlantic. This Arctic blast when you get wind chill's twenty below thirty below this is the kind of cold it's dangerous to be out in for prolonged period of time. ABC news meteorologist Sam champion. Monday. Is the Martin Luther King junior day holiday, the Jordan, Minnesota high school, boys basketball team pulled out of a basketball invitational hosted by Minneapolis. Patrick Henry high school. When the two teams met last week at Jordan some Jordan fans displayed a Trump reelection flag. You're listening to ABC news. They're still literally dying to get out of war-torn parts of Africa and West Asia as many as one hundred eighty people are missing presumed dead in two separate shipwrecks over the past several days. Vinci persona. UN refugee agency spokesperson Flavio de Giacomo says a raft not far from Libya with one hundred and twenty people on board sank with only three people surviving. Another fifty three migrants drowned in the western Mediterranean. The UN has called for Italy's far-right government to lift its ban against humanitarian rescue ships and start allowing the ships to dock Meghan Williams, ABC news, Rome. Britain's Royal family may be considering having the talk about maybe giving up the car keys with ninety seven year old Prince Philip after he was photographed driving just days after a crash that left a woman with a broken wrist feta's. Appearing Chang Prince Philip back behind the wheel just days after that violent crash. The prince's returned to the road, not entirely surprising for the so-called iron Duke known for his fist independence, but some questioning whether or not it safe for the nine hundred seventy year old to continue Dr ABC's. Julia McFarland in London in Hawaii. Wii a couple of shark. Researchers say they encountered a twenty foot great white shark awful lot who the pictures have gone viral one of the researchers says it might be deep blue lead to be the largest great white ever recorded..
10 10 WINS
"american middle class" Discussed on 10 10 WINS
"Going from Newark to Hong Kong late Saturday night, but diverted to Goose Bay airport a Newfoundland due to a medical emergency. But that's just where their trouble started mechanical problems kicked in with the door. Kept them on the ground on the plane. No customs officers were on ham UC stranded passenger Matt Maguire, fills us in on the rest of the story. Speaking with ten ten wins, go back to Newark. But at that time, they found that the latch alarm the alert the trigger that when you open one of the side doors in an emergency. It automatically blast out the flied the inflatable slide that was jammed. Understanding was it was frozen. The patient was attended to food delivered to the aircraft. United apologize to those aboard by two hundred and fifty in all there were now set back to Newark, where they started their journey in the first place the airline says they'll be offered food and compensation the latest now the government shutdown focusing on the senate's top democrat Chuck Schumer predicting the president's weekend proposal to break the stalemate will not pass muster in the Senate added. Well, he has a plan of his own Senate minority leader Chuck Schumer says he thinks Democrats will block the measure to give President Trump five point seven billion for a wall and exchange for temporary protection of children brought here illegally if he opens up the government will discuss whatever he offers, but hostage takings should not work. He says those hostages are the eight hundred thousand federal workers not getting paid like Larry Hirsch who works for HUD. President talked about American manatee in crisis is humanitarian crisis for the American middle class. Does that's who federal workers are humorous pushing a Bill to protect workers from me fictions for closure and other financial penalties during the shutdown. Julie Walker New York as we enter week five. Senate majority leader Mitch McConnell says he lacked this week on a government president's proposal rather to get the government opened again seems to be little chance of getting the necessary sixty votes. House speaker Nancy Pelosi says Democrats will pass a package of six bills okayed by both houses Senate negotiators along with other the legislation to reopen. The government negotiate fully on border security proposals. Sound from the scene. Courtesy of survival media agency controversial incident, you staring at standing extremely close to a native American vet Nathan Phillips says he sang and played a drum teen surrounded him.
The Majority Report with Sam Seder
"american middle class" Discussed on The Majority Report with Sam Seder
"Sector more so into the funding finest of our education, and that invitation to private sector gets enlarged in one thousand nine hundred ninety s under an Clinton, but primarily started. It's actually radical Republicans who do congressional Republican revolution, nineteen ninety four. And they basically push back against something called direct lending. Nine hundred ninety s and they really muzzle Clinton in in those were pushing for direct lending, and they expand the private sector's market in push back against sort of government regulators in education and what we and with this rollback of debris, Linda nineteen s is that a elaborate if you could on undirected lending, just explain to us what that that program? Sure. And I'm going to sort of say that direct Lynn is almost as it sounds on. So rather than a system which. Directly basically win. The was with the government has Lynn's money primarily from the treasury directly to go on college students. So it gives it to the finish it office in college in the new, they disperse it to college students. And that system really cuts out the middleman. It cuts out, for instance, a subsidy banks which might be subsidizing alone at all often cuts out the loan servicer and so was more of a of a direct lending on from from government to the student in again, that system which cuts out all these middlemen, whether it's the banks on bigs on the front end or or release student loan services reduced the cost of the student loan. I mean, if you can imagine just administrative costs a cheaper, right? And that's the cost of cheaper, but also the actual alone product itself is cheaper. Now this imagine Maginness Sam for cost a loan is selfish chief. It means that the student who has a payback that has to pay. Back less and what we know in whether whether mortgage market or with payday lending a, whether it's higher education, if a particular financial product is cheaper, as logic dictates, it means that the bar was former likely to pay it back in. So that means that forest Folles likely to go in default, which means that the tax payer who's actually funding both direct lending as well as subsidize lending programs, former lucky to get their money back. So government gets the money back soon as get their money when they get it faster. So it was a system which actually worked for every population except for the financial services inch. So because it didn't work for them, they push back in a pressure lawmakers to bring them back into to the system. And this is what happens at nine hundred ninety s and they pushed out direct lending and they bring back these private sector in you see a whole slew of. Abusive practices in quid pro quos once government gets pushed down in terms of direct Linda program preps comes in, and then they begin to to give sweetheart deals to financial aid officers kickbacks of various sorts. We just had a World Series game last night. Unfortunately, my beloved dodgers lost. But let's say in one thousand nine hundred went one to go. See your your Yankees up playing the World Series. The Bank, my have a couple of tickets for the office, and they'll give officer some tits tickets if they would give them access to student lenders. Now, once the Bank got access to the student lender to borrow wretched say, they didn't care the university or the education off of into office didn't necessarily kid. They kind of terms that we're giving right. They would just caring about the kickbacks and then we'll get on this to the system that existed from the nineteen ninety. Two to two thousand. We see several states attorneys say attorneys-general with lawsuits against various student lenders through the system that was abusive system in the great shame is that device in the Trump administration wants to go back to the to this sort of wild wild west sort of attitude. One thousand nine hundred and two thousands, where there's all this abusive in place. We see the origins and rise and spread of student loan abuses in student loan debt. So. All right. So. Just to to to to make it clear and also to take the opportunity to state that I'm Red Sox fan..
The Majority Report with Sam Seder
"american middle class" Discussed on The Majority Report with Sam Seder
"Nations and and the consumer financial protection bureau when a long way in requiring more plain English and shorter forms, particularly, I don't know as much for mortgages, although there were certainly reforms in that process, but across the board on some of these contracts, particularly, I think it was, you know, like credit card contracts and whatnot. That's absolutely right in wheat. We see with what's happened the with the with the current acting with every move annually. So going through a process of actor of of catch and kill negative reports by staff who come out with Nick reports about the industry and so in this is when the great irony right for a long time. Conservatives have made the argument, we don't need regulation. We just need greater full disclosure of financial information and let the consumer decide and what we experienced Atalante two months. Actually the sort of saying pocket or the slicer conservatives providing less information on v v these catching kill of reports that see PB been trying to put out. But again, we'll vani and others as well as Biffi device who's in education have been catching and killing us suppressing. And so, yeah, let's let's talk about student debt. You bring up a Betsy DeVos. One of the things I know the Trump administration has done in terms of deregulation was we have this massive problem in this country that it was actually. Quietly, I think one of the things that the Obama administration was doing quite well was beginning to crack down on what is not one hundred percent a scam. Nothing ever is. But the for profit university industry is largely a an extraction machine trying to extract a public money via student loans to to students, and they tend to be a some a little bit older students who are going to these universities a stencil to to increase their earning potential in the business world. There's very little data to support this, and there was a regulation that if you were an institution that was putting out was was handing out diplomas to people and they will go back into the workforce and there was no return on investment. You had certain limitations as to how much revenue you could derive from student loans..
The Majority Report with Sam Seder
"american middle class" Discussed on The Majority Report with Sam Seder
"So can they become extremely sorta proper in in Hamlin gonna sort of say this to to you Sam LeMond actually a also, if visiting professor in in northern England or the university of north number university in Newcastle in in in UK is conservatives who are pushing for own creative, innovative ways to help in help consumers have strong credit score specifically is conservatives who arguing of that. Let's say. Your your writ be included it as far as your credit score, right? It would be wonderful thing in the US if you will find conservatives of who would make an argument that let's not. Try to channel people into these so problem mortgage markets like we have in people. Now do today by saying the underwriting standards, impart are sort of Obama's Frazier where to tidy delusional standards. It'd be great if we could have conservatives in the US who would actually make the argument. Let's sell redefined. What was was the quality credit history and not sipping look at the history of mortgage, borrow mortgage lending, but look at people who pay their pay, the utility bills on time, pay their rent on time. Those kind of ways could if you use that, it would actually help borrowers increased their credit score, which would mean that fuel bar was actually be shuttered into these sub problem or now is is called nonprofit markets as a storm by different name is still right now. It's called non-problem work mortgage products in Sobe. One of service in US would take a page out. Conservatives lease in the UK and and and people should understand that that the subprime is just simply a way of justifying far more fees, right? So there is a and so because the idea is that what we're we're, you know, not only do we Jack up an interest rate because we're theoretically taking more risk. But also we, I mean, what is the justification for the the, the the, the fees? In this instance, we're taking more risk, but we want to take more risks so that if you pay this thing off, there's a prepayment penalty or or is it also that there's an awareness of like there's just probably a correlation between people who have poor credit scores and people who are not financially savvy. That correlation is is absolutely there is well that so yeah, people who have lower credit scores aren't financially educated in in. So we can. I mean, there's so much discuss it Sam because we can argue that that is not necessarily finished with education is the key. In fact, we've gone through appear of now last thirty years in which financial contracts documents have gotten exponentially longer right at the same time that the individual in the time they have process. All there's information that time has got an increasingly lesson. I mean by that is individuals. Now today, can you much farther than their grandparents parents did thirty or forty years ago to go to work. You're also working longer hours than people did to generation two or go so work longer hours meeting for your also in this. Sort of what I what I like to call it sort of extracurricular arms sort of race. I'm a parent of a child. My child just came from French class. He has. He has. He has a martial arts class. He's in all these extra activities while because he's competing against other kids of his saying sort of class in college, right? And so we experienced now as individuals have less time to ever before to read and process these complex financial documents which have actually gotten much longer over the last generation. And so how do you square this circle in the way you square to Cirque was about brigade name, financial regulators in them, delegate yourself? And now the private sector understands that there's a process of information asymmetry that you have less time to process. This information in that financial literacy is is really a Canard or red hearing, because society reason some sort of laid out others we can sort of get into. And so they take advantage of of a bar was across that say, the income spectrum, but is most devastating on historically vulnerable popular..
The Majority Report with Sam Seder
"american middle class" Discussed on The Majority Report with Sam Seder
"So you've, I feel like you have already have answered this, but just give us a sense of the the the the size of in the importance of these fees in a broader story for particularly the middle class. Sure. And so we find is that the Gandhi, the cost of these fees, so gar across over two trillion dollars per per per US health. I mean, you're not for yourself for for the for the US is so and broke down to, let's say, an individual individual median income eats up lease almost half of their of their income. And so we're not talking about fees, and this is part two to the point out. Samna work really sit author fees in critical errors, upper mobile. So I'm not necessarily talking about, let's say a cable user fee. Something like then then that's important is significant or cellphone fee got wrote a piece of few years ago for your times about the rise of phone fees, but I'm from really talking about fees are essential areas of mobility. The fees associated in things I house your higher education of fees are linked to a link to employment, and we can sort of talk about the ways in which the private sector the most ubiquitous come response to issue way stagnation, and it would take us from home to school in work of fees are associated attached to transportation. Particularly lawyers went people with quote, we live with transportation. I e a car, and that's what players member transportation in their fees are associated with them. Again, the automobile particularly or insurance fees this. So we'll be find is that that have fees. Sort of escalated in in all areas, but particularly four spheres in which is have been critical, upper mobility, housing, education, implant Winward takes us for homeless school in work automobile in in these fees have created obstacles. Barriers of entry into the middle class in. They've also worked to actually erode the middle class in various ways. Let's talk about this is a timely. I think my audience is aware that I had a date a debate. With a guy who I don't know, you may be familiar with you spend a lot of time college campuses from turning points USA about sort of the about the middle class and and some of these things, particularly we, we got into the the, the housing crisis and the financial subsequent financial crisis in two thousand eight. And let's talk about housing first in terms of these fees and what the implications are and and and how in many respects, I mean, I am familiar with some aspects of how the fees drove this crisis and that we've talked about on this program. Both, I think in the origination of mortgages, but also even in the wake of the crisis, the allure of fees for a lot of these banks was greater than their desire to. To to refi to refinance or to to, I should say, amend existing mortgages under hamp, but tell us where where fees play the most impact in the the the the story of supreme. Sure, absolutely. And so what we found with Francis, the Rosita the so problem mortgage market is that, oh, all of these, the so problem. Mortgage of loans are products which had these creative, a toxic toxic instruments, prepayment penalties, which is one of my favorite sort of on a financial instrument of toxin mortgage talks about it sort of counterintuitive pill as someone for paying the bills earlier one time. And so I mean, that would be sort of one example the balloon payment fee of as well as just for remortgage sort of charges or fees. All of these. Aspects and products with that are associated attached to supreme mortgage. All of them own increase the likelihood of that a bar go into the fault in. So each of those, each of those aspects that were associated tests to subprime mortgage and your precisely right. Initially, so problem mortgages get marketed to people who have a less than still a credit scores. I less than sort of six sixty become so profitable that by the time we get to the financial crisis of the average on prom bar was being sort of shut it into channel in two of the subprime mortgage on just because of the profitability of these problem mortgages in..
The Majority Report with Sam Seder
"american middle class" Discussed on The Majority Report with Sam Seder
"Let's go out and St.. Somebody's god. Let's get stars too. Cacique luke. Let's. Students. We are back Sam cedar on the majority report on the phone. It is a pleasure to welcome to the program. The Arba e Strickland distinguished professor of history and black studies at the university of Missouri and the author of land of the fee hidden costs and the decline of the American middle class Devon, Fergus, welcome to the program Devon pleasure to be with you Sam. I wish it could be on a on a bit brighter topic and subject, but it was a pleasure being, well, let's I mean, why? What? What was it that led you to to look at? Well, maybe we should define fees. I just so that we get a sense of what we're talking about. Sure. Absolutely. I mean, I use this expensive initiative fees or Suba fees. I'm talking about any cost or expense, which is in addition to two principle, the private sector print Christmas place, kind of a shell game. In order to sort of circumvent regulators often. And so for instance, oh, win. The say when pity loans would have, I would hit the market in nineteen. Ninety s one of the ways in which they try to circumvent special sort of status a little federal regulators by saying, no, we don't charge interest rates. So this is an Ussery. These are actual fees, you sorta administrative costs, administrative fees and so that. So again, the use my my my use and application fee is is sort of an EMMY in expanded west. Anything that's in addition to to actual addition to principal. So for instance, origination fee of as gave the example with pity Linden industry could many times really be a fee as a defector APR interest rate of default fees of prepayment penalty fees as you would find inferences in so problem mortgages. So these fees come in. All kinds of shapes and sizes and colors. But in sin affecting thing is in began beyond the principal loan amount in we see fees and the in the in the public sector fee as a proxy for taxes. And so we have that kind of brief conversation if he went to his well, I mean, I, I remember that back in the day when Mitt Romney was governor of Massachusetts and he promised no new taxes. And then he just basically instituted a ton of new fees. I mean, the big problem. It seems to me with fees as opposed to taxes is that fees are far more regressive in terms of a form of revenue for the government and also far less guest transparent. Did you hit the nila hit? I was gonna. I was going way with the transparency, but you you already did it precisely far less transparent? Oh, in often we find with these, the often difficult almost impossible to opt out the. So the implication with fees that the fees sort of item driven, but we know let's say higher education. So state of California may not raise tuition, but they show us heck raised their fees. I'm a university professor students said the university of Missouri have to pay tuition, but they're also there is these the these in costs fee, and if they don't pay the the, the user fee, they cannot sit in my classroom. And so the implications that fees are are sort of itemize sort of thing Alicarte. So the thing but reality, these fees are often so critical integrated to the cost of a product is impossible to opt out of in the same way that after taxes on. So absolutely this show. Okay..
WLOB
"american middle class" Discussed on WLOB
"Kevin brady say in looking february to pay check your paychex gonna be started in february which uh which is what they wants to focus on not really sorting out uh what is supposed to be a more simplified tax code we'll see come it both fifteen yeah nothing is simple uh let's see if we take a questions or comments richard in san angelo texas thanks for taking my call yeah thanks for my call oh yeah have you been listening to the uh the the noise from the democrats in do you agree that this tax cut for the wealthy richard we're not it's is not a kept for each yes chuck schumer say some eighty million american middle class would have to tax rates twenty twenty seven yeah yeah well somebody who knows the rules better with tell us exactly how and why is it all these are tenure tax cuts so what are you still want to skip it to the end of the ten years is doing all these people are going to get a tax increase and you're right you know what i knew that there was something fishy i knew he was adding in some numbers of course when you do attacks got like this you you i don't know why they have to make an expiration of probably has something to do with their uh like we were talking about the but the the budget deals right so the tax cuts have to expire schumer is citing the numbers of what's going to happen when they expire their taxes are gonna go up it's a bit of a shell game he stole it now it's totally misleading so everybody hears economies taxes are going up eighty billion yeah no there when the programme expires ten years from now now i wish them to expire but somebody who knows the whole rule singh would tell ya the specifics of it but in order to get it through winter reconciliation and stuff like that they had to do it this way so we got a tenure tax cuts or whatever something like that yeah and he's just looking at the end of it the scare everybody off the whole program yeah yeah thank you for the call richard number's eight three three eight five two four eight six six.
The Michael Knowles Show
"american middle class" Discussed on The Michael Knowles Show
"This gop tax scam sent is simply that monumental brazen theft from the american middle class and from every person who aspires to reach the gop tax scam is not a vote for an investment in growth or jobs it is a vote to install a permanent plutocracy in our nation w chairing that later it does violence to the vision of our founders it disrespects his sacrifice of our men and women in uniform who are a large part of our middle class and to whom we owe a future worthy of their sacrifice anything else is there anything else nancy on their own believable so according to nancy pelosi letting people keep a little bit more of their money is theft and taking more of their money has charity that's how it works amounts mansi pelosi's mind she says that it is betrays the founders appraise the founding vision of the founding father there's just a little history lesson for nancy pelosi the first federal income tax was enacted in eighteen 61 all of the founders were dead long dead by that time uh the first corporate tax was instituted in eighteen 94 but that was ruled unconstitutional by the supreme court nevertheless it was reinitiated in nineteen '09 and if my math works the founding fathers who lived in the eighteenth century were no longer alive they never had that vision they had no vision for a personal federal income tax were for a federal corporate tax she then nancy pelosi can't help but use veterans as a political prop here men and women in uniform i have no idea why there it has no relation whatsoever to this tax reform bill but nancy pelosi has never been beholden to the facts and don't worry it gets even better.
KKAT
"american middle class" Discussed on KKAT
"The average american household is expected see a tax cut of about sixteen hundred dollars is so next year but it's the long term effects that have critics worried as those that make seventy five thousand dollars or more or less will have a tax hike in a decade as well as out corporations tax cuts go from thirty five percent to twenty one percent so some people are like well why do corporations get the tax break what about the averaged a hardworking person out there and also what about the conflict of interest that this might have with the president obviously you know trump owns a lot of businesses or is involved with led businesses or at least his family is involved with corporations so the white house spokeswoman sarah huckabee sanders had to end of answering questions yesterday for reporters and actually had to say well this one actually help trump's businesses per se found he could benefit priority number one being that it helps the american middle class global pavilion the president will likely take a big hit on the business that he could benefit priority number one being that it helps the american middle class now as far as trump codes it's obvious he his person largest legislative victory he stayed up all night for this and tweeted right after a past quote the united states senate just past the biggest in history tax cuts and reform bill terrible individual mandate obamacare is repealed goes to the house tomorrow morning for a final vote and president trump will have a news conference later today around one pm at once the house passes the bill because they had to go back to the house today because of a technical issue that they had a revote tom but it's going to pass the other major political story actually involves immigration as white house chief of staff john kelly met with both democrat and republican senators to discuss those socalled dreamers which are the young undocumented workers and a deal to be able to make them stay or to at least make it more beneficial for them kelly in the white house are reportedly expected to give in on some aspects of the dreamers deal in exchange for tougher border security which of course was one or trump's main campaign promises and focuses we haven't really done anything regarding the border and apparently this is also supposed to help with that are all imported border wall build the wall how many times.
News-Talk 1400 The Patriot
"american middle class" Discussed on News-Talk 1400 The Patriot
"Setting fire to the airwaves it's though larry elder show larry arthur fillets ronald draft the american middle class spends the money on zoos and women klux interesting the congress in the senate and the american middle class is money all foods the women and pay offers kelly interesting the the triple eight nine one s h g e aaa i can one some to or there are now nine accusers against senator al franken minnesota npr says he's going to resign tomorrow and franken pregnant offense sent out a tweet promptly saying he has no intention of resigning tomorrow so we have no idea what's going to happen tomorrow we'll talk about that tomorrow now the house has passed a concealed carry reciprocity bill so that if you have a concealed carry permit in state a and you drive to state be you're not committing a crime by being in state b if they beat is not recognize concealed carry permits now the problem with this is we should meet do this in the first place what part of shall not be infringed do people not understand about the second amendment and it seems to me anybody should be able to carrie conceal provided he or she is not excluded for their normal reasons of having been institutionalised but um if the supreme court interpreted the second at the way the founding fathers intended we would need this because the second amendment itself would be concealed carry permit by the way in texas the vast majority republicans steal support trump seven nine percent of republicans in texas say the approve the job he's doing among independence in texas 55 percent say he's done a good job 35 percent see not so overall he that very strong numbers in texas resigned mentioned this is because of that book called left turn written by my friend tim growth close who used to teach political science and economics at ucla now teaches at george mason university in virginia wrote a book called left her you try to quantify the effect of the.
WGTK
"american middle class" Discussed on WGTK
"The answer hi it's your your join me tomorrow morning at six on nine seventy am the answer setting fire to the airwaves it's though larry elder shelf very either in federal draft late that this the american middle class spends the money on zoos and women plugs interesting the congress in the senate and the american middle class is money all blew the women and paying off with kelly enters the yielded triple eight nine seven one s h g e aaa i can 174 43 there are now nine accusers against senator al franken minnesota npr says he's going to resign tomorrow and franken pregnant offense sent out a tweet promptly saying he has no intention of resigning tomorrow so we have no idea was going to happen tomorrow we'll talk about that tomorrow now the house has passed a concealed carry reciprocity bill so that if you have a concealed carry permit in state a and you drive to state be you're not committing a crime by being in state b if they'd be does not recognize concealed carry permits now the problem with this is we should do this in the first place what part of shall not be infringed do people not understand about the second amendment and it seems to me anybody should be able to carrie conceal provided he or she is not excluded for their normal reasons of having been institutionalised but um if the supreme court interpreted the second him at the way the founding fathers intended we would need this because the second amendment itself would be concealed carry permit by the way in texas the vast majority republicans deal support trump seven nine percent of republicans in texas say the approve the job he's doing among independence in texas 55 percent say he's done a good job 35 percent see not so overall he's got very strong numbers in texas resigned mention this is because of that book called left turn written by my friend the tim growth close who used to teach political science and economics at ucla now teaches at george mason university in virginia wrote a book called left turn a try to quantify the effect of the liberal bias in.
AP News
"american middle class" Discussed on AP News
"Ap radio news i've tim mcguire president trump and congressional republicans are touting a five trillion dollar tax overhaul the president promoting it as a boon for the middle class by eliminating tax and loopholes we will ensure that the benefits are focused on the middle class the working men and women not the highest income earners new your university management professor robert solomon says there are a lot of unanswered questions i know the trump administration would like to claim that it will be a tax reduction that will benefit lower and middle class american but the question is what is the net effect for wealthy american middle class american and lower income working i america a senate committee investigating russian interference in last year's election will have the chance to talk with two fbi officials mike russia has details the senate judiciary committee will get to interview two fbi officials in its investigation into russia's interference in the 2016 election but the judge just as department wants to limit the scope of questioning the justice department has sent a letter to senate judiciary committee chairman chuck grassley saying jim right dickey and carl got us can speak to the committee but they must not be asked questions directly relating to or interfering with the investigation being conducted by special counsel robert muller grassley has sent a letter of his own to the justice depart asking for clarification of the conditions mike rossio washington university olovo had basketball coach rick pitino and athletic director tom jurij are odd leave amid the schools reported involvement in the growing bribery scandal interim president greg postel it's not going to prevent us from getting where we wanna get but it's another step lane block and yes i was angry about it for college assistant coaches and six other people had been arrested federal investigators say bribes were paid to the coaches or high school players or their families this is ap radio news south full time to get ready get focused.
AP News
"american middle class" Discussed on AP News
"The woman who told police she was a professor told the flight crew she was severely allergic to dogs according to passengers the woman who is flying to california's to be with her sick father want two dogs taken off the plane the pilot went back to talk to her and asked her to take another flight but she'd have to wait until the next day airline employees ended up calling police and the officer started to grab her when she wouldn't go but she told them not to touch her the incident was recorded by a video producer and has now gone viral unlike you know at airlines which had a similar incident southwest immediately has apologized to the passenger i jackie quinn civil defense officials the northeast mexico say some small fish fell from the sky along with a light rain in the coastal city of 10 pico as a pretty common event actually i to maguire ap radio news ap radio news i'd tim mcguire president trump and congressional republicans are touting a five trillion dollar tax overhaul the president promoting it as a boon for the middle class by eliminating tax and loopholes we will ensure that the benefits are focused on the middle class the working men and women not the highest income come earners new york university management professor robert solomon says there are a lot of unanswered questions know the trump administration would like to claim that this will be a tax reduction that will benefit lower and middle class american but the question is what is the net effect for wealthy american middle class american and lower income working hot american a senate committee investigating russian interference in last year's election will have the chance to talk with two fbi officials mike russia has details the senate judiciary committee will get to interview two fbi officials in its investigation into russia's interference in the 2016 election but the judge just as department wants to limit the scope of questioning the justice department has sent a letter to senate judiciary committee chairman chuck grassley saying jim wright vicky and carl got us can speak to the committee but they must not be asked questions directly relating to or interfering with the investigation being conducted by special counsel robert muller grassley has sent a letter of his own to the justice depart asking for clarification of.