35 Burst results for "Davos"

"davos" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

06:53 min | 3 weeks ago

"davos" Discussed on Stuff They Don't Want You To Know Audio

"The things a world government would do. Isn't this the kind of stuff that it'd be red meat for. Like an alex jones type conspiracy theorists is always talking about the global elite and the globalist and wanting to turn us into of drones. Mindlessly being the you know controlled by some sort of public government very much so very much. So it's difficult to over emphasize that fact. So i'll just say yes capital under pop some highlights over that because you are on the money my friend a loose your that this these media this is the big one but other smaller meetings occur in different regions throughout the world. And they're more focused on. What i they would consider more localized issues But regardless of where these occur whether it's regional or the big one in switzerland most years there are going to be protesters anti-globalization protesters on the scene. Also shout out to bono from u. two who says he described as the fat cats in the snow. I don't know does have a good bottle voice. It's hard because he's he's got a classic irish lilt but with a little extra something that can't quite put my finger on. I'm not going to attempt all right. All right well Cintos send us your best bottle impressions. The anti-globalists perspective encompasses a lot of stuff. You know it's not just the alex jones. It's not just what people might consider domestic right wing politics. It's also people who are you might consider them far left and these folks while they clearly don't agree on a bunch of other things. They argue that the w. e. f. and other similar institutions. Like the ones you mentioned earlier. Wto maybe i m f g seven things like that. They see what these folks are actually doing is leveraging capitalism and globalization to do the exact things that they claim to prevent to accelerate poverty to degrade the environment all the while making nifty prophet. That's that's again. That's not our show saying this. That's what the Multitudes of critics and protesters in this vein or saying on and then there's also the controversy lake okay. You're helping the world. But what is the world to you because the world is something different guaranteed to every individual you will ever meet and in the case of dafa. Was you know where it cost. Twenty eight thousand dollars or equivalent to go. There's this idea that these folks may be disconnected that the world they believe they're saving may not be the world that the average non dabo person wants to be saved or it's not the world that they experienced and that's what leads us to this thing called the davos man. Sounds like a caveman right. Yeah well that's the thing man. The davos man is almost like reminds me of double o. Seven or spy or somebody. You've got no allegiances. I don't need to about this continent that i'm currently on or the borders around the state. Where my house is on. My allegiance is to humanity. I don't i don't need any of that stuff and a lot of it has to do with that level of wealth that you can reach where you can drop twenty eight thousand dollars and it's not like the best out there bonus you could ever imagine receiving or a lottery ticket win. It's just some extra money that you have right right. It's like the davos person is transnational saying things. Like you ask where they live. They would say traditionally. My family originates in greece. We will in shipping and transport. And i feel a kinship with the greek. I am their of time. Every winter winter in greece summering in in perhaps be but typically these are also the people that would consider themselves citizens of the world. And that's that's a great ideallic thing right. It is a lot of ways. Being a citizen of the world. I think is a positive and i think that's one of the reasons. It's used a lot of times in the pr for these kinds of organizations because if we could see everybody on the planet you know as a sibling essentially in all of those. I'm sorry guys get on me for coon buying a lot of the time but this is it. It's a beautiful never accused of combine. Okay all right. Maybe guests have a lot but But it's just it is a beautiful thing and i don't want to. I don't want anyone out there listening to thinking that. That isn't a cool thing. It's just it's a rose colored glasses kind of situation in most cases it's also being said typically from a place of extreme privilege and it's not something that is attainable to we would all to be citizens of the world but unfortunately requires a lot of resources and capital and the ability to not be tied down to a family or a location or whatever whatever it might be you know normal people things well said you know what i mean. You talk to the average you like. If you average out the world you talk to the average person Describing themselves as a citizen of the world is going to be far dow on the list of things that they say. I do wanna. I do want to clarify on. If you are an intended like if you were there to speak at davos just to speak prime minister cetera et cetera et. Then the conference itself is going to be free for you but if you're there to represent a company you know you're like i'm the king of facebook or whatever title go with a then you pay the equivalent of twenty eight grand. At least you didn't twenty twenty and you're absolutely right. matt. I agree with you. One hundred percent being a citizen of the world and not being limited by ideology creed or any other demographic slice that is ultimately. That should be the goal of the species of the problem. Is there the human brain is bedevilled by some hard physiological limits numbers number. You know what. I mean not conclusively proven but pretty compelling in in argument that there is a limit to how many people one person can also think of as people instead of you or the function. You are the reason the garbage moves on tuesday. How do you have a family. It's amazing but there's a.

Twenty eight thousand dollars facebook switzerland tuesday twenty eight thousand dollars One hundred percent greece twenty eight grand alex jones matt one person twenty twenty prime minister seven things Cintos bono one of the reasons irish dafa davos
"davos" Discussed on Stuff They Don't Want You To Know Audio

Stuff They Don't Want You To Know Audio

14:17 min | 3 weeks ago

"davos" Discussed on Stuff They Don't Want You To Know Audio

"Annual four day conference held by the world economic forum that meets in davos switzerland It's like kind of the creme de la creme of venture capitalists and influence or types but more like people at a high level of that kind of world the roots of the organization date back to nineteen seventy-one when a gentleman named klaus schwab professor klaus schwab founded was originally called the european management forum. Which is a nonprofit foundation based in geneva and the first year schwab invited four hundred and fifty executives from influential companies across the west of europe to the first european management symposium at davos congress centre. Yeah okay and they're they're stated goal is We're going to take all these leaders of european business european firms and we're going to introduce them to what professor schwab calls american management practices so far so good. It's a little dry right. I mean business conventions happen all the time or the used to and It doesn't seem to be anything abnormal about that. This became an annual event. You know what. I mean like a really a much less. Cool dragon colin Where everybody's kind of wearing the same costume and it continues. Today over time it experienced mission creep we could call it broadened in terms of its scope and in terms of this actual conference that you just described. No davos itself grew by the next decade pretty soon. After nineteen seventy-one political leaders realize that this meeting was an enormous opportunity to promote their interests. Some of the most powerful businessmen and they are still largely male. Davos were all in one place. We're sitting ducks for you to come. And say this is why you should invest in my country or this is why you should agree with my ideological system so it kind of you could argue that it. It either evolved or it was kind of appropriated toward other ends rights. Yeah it's a great place to spread a fought virus. That's one way. One way referring to that matt. Yeah for sure. I guess we could jump forward here so it began doing that right. Like you said just after the seventies when it was formed than seventeen years later. Nineteen eighty-seven after it was formed. It changes its name to officially the world economic forum. And this is. It's kind of confusing because you've probably heard of this many times before it's been like just dropped somewhere in an article or somebody in passing mentioned the wef the world economic forum or does and to get it put it all together and to realize exactly what it is and what it means. It takes digging of just so be aware of that. So yeah yeah we are. We are spending a maybe a little more time than usual on the background. But i would argue. It's because even our here are the facts part is going to get very crazy in just a moment. Actually we're all still tell you when the really crazy stuff begins but the background here is already weird. Yeah and it's not all scary stuff. There have been really great things that have come about largely because of like you said guys the close interaction that these leaders get to have with each other at davos. yeah Greece and turkey were on the precipice of war in nineteen eighty. They were able to take to step back from that. By signing the davos declaration at that conference leaders from south africa during the mandela era net at davos in nineteen ninety-two amid enormous political tension. Right and the list goes on and on yasser arafat met with other middle eastern leaders. This was Well if you wouldn't be very cynical. These were great photo ops but they also did have an impact on policy. The conversations mattered exactly and this isn't like a recognized extra governmental body right even as much as like the un. Is that thing right. It's just like a very high optics kind of event a meeting of the minds and these things these agreements that we're talking about would certainly be what you would consider non-binding since they're absolutely not connected to actual government but it's a good look and it's it's a thing that it's like okay we're gonna join hands and coon by This out and then have like an understanding and it behooves every member of the agreement to kind of play nice. Because it's a good look right. Yeah yeah there's a you know. Peer pressure doesn't go away. When you become a billionaire or a head of state you just have different peers. Exerting different kinds of pressure This currently like i love the point. We're making here. Currently can be difficult to define what the w e f is in a single honest inaccurate sentence. You could say it is a think tank you could say it is he. charitable foundation at times. It is all of those things and it's other stuff to reading. V official literature of the w e f. is and this is no dean on their writers. It's not that much help. Honestly it is full of terms that are very slick. That are vague. Perhaps by design but do generally seem to indicate positive beneficial goals dodd for for the world overall right regardless of creed nationality etcetera it describes itself as quote the international organization for public private cooperation shout out military industrial complex right. According to their official literature the wef and davos is independent. It is impartial. It is somehow not tied to any of the special interest of again the tremendously powerful people who go there every year for four days and you can learn way more than you'd like to learn about davos in the world economic forum if you go to that website their official thing oh man you will love it. Read their codes of conduct. Just grab some t sit down and just go all the way through it. You'll love it. It'll be a great saturday evening. You can though more. Interestingly read their like broader aims or at least their stated aims right there Their focus areas the things that they want to cover in each year session or the day have covered in the past in what they're looking to cover. Oh and there's some things in here that are really interesting. Been mastering the fourth industrial revolution. Yes sounds nice. It sounds spooky to me. It's one of their big One of their big three concepts are areas of focus so the w e f says the fourth industrial revolution quote represents a fundamental change in the way we live work and relate to one another. They describe it as a new chapter in human development. They talk about promise payroll cadence speed. Depth all the good hits from gordon boardroom. Meetings but what. What really is taken to mean in practical terms is an acceleration of the digital revolution into things like automation of industrial and manufacturing concerns. Smart technology machine to machine communication machine learning and the internet of things which i think we all want her various projections about that for a number of years. Now they're also proposed their other two. Big proposals are solving the problems of the global and addressing global security issues These are two very important things. These are two crucial things for these survival of not. Just the human species but all the species that currently Currently evolved to live in a pre industrial world pre industrial environment and the commons. I think especially as a very dangerous thing. Global commons means things like natural resources. That all people share and to a degree rely on so a problem with the global commons would be something like water rights being given to a corporation that takes the water out of the local ecosystem. with you know damaging long term effects. How do we fix that without breaking civilization as we know it and bankrupting nestle. Oh yeah exactly this something. A little eerie about the idea of of these Rich and powerful super influencers discussing the next phase of human evolution as a little Kranji to me for some reason. I don't know why at the very least it feels like you could easily be tone-deaf so who is this four right like humans are we talking about. There's a potential for a great puckering to occur when you really think about that. The collective but home kids so okay. Current state the great reset initiative as we said began last year Around two thousand five hundred maybe ballpark. Three thousand people attended the annual meeting as participants as speakers or as the prema- stakeholders you can call them. If you want to be a little crass who are these people while the number includes everyone from fry ministers to environmental activists thunberg to bankers of course and bankers have an i. It's funny because some bankers have a lower position in the hierarchy. I'm going with the dragon. Con example is just the side. Note there are you know how some people will go to dragging khanna very popular convention here in atlanta georgia. They'll go but they won't pay for a dragon colin pass. They'll hang out and try to sneak into parties and stuff the bank some of the bankers at davos do the same thing or there. There's like a gray market trade in the badges you need to be admitted to the city and so they'll buy these at inflated prices from hotels they'll just hang out at those hotels and then they'll wait for these. You know these powerful people these financial industrial wales to come through grabbing some drinks after the meetings or the lectures and then they'll be like hey by the way. Yeah yeah be like. Hey paul deck goldman sachs pleasure to meet goldman sachs. Who's your boss. The actual applebee's is the hot spot for for you. Know hobnobbing of the rich and famous and powerful. It makes me think of my hometown of augusta. Georgia is very well known for the masters golf tournament. Which is another meeting of the rich and powerful and really hard to get official tickets to the actual tournament but practice round. Tickets are a little easier to come by. And i remember when i was a kid. Me and some friends with like hang out outside way for people to come and they would just give us their practice round badges and then we'd sell them rinse and repeat And then enough to buy ourselves a nice steak dinner longhorn lice lay went in once with just to check it out and i think i went one time with somebody that actually had real tickets but now my scene but it was definitely fun to feel like the little oliver twist urchins begging for please may i have your practice route ticket and some people at davos would love that narrative because it's very free market is that's a good. Why get get something and then sell it for a price of willing buyer will engage with. Yeah it also includes bollywood actors. It includes presidents us president donald trump when when the trump administration was still in office. He went to the last da meeting and the size of this thing. The sheer magnitude is crazy. there are two great journalist. Who wrote an article about this for the new york times and they noted just the sheer magnitude of this event. That's michael j. de la mer said and russell goldman. Yeah and what they stayed is specifically about the population of davos. So you can imagine a Omega any smaller town that is a vacation destination or something so generally. They're going to be very few people living there year round but when it season when it's time for the season wherever that place is my goodness they're going to be a ton of folks running through and these reporters noted that the general population of davos is about eleven thousand human beings just at at all times. There are eleven thousand people who are going to be there then when when davos rolls through and they've got those four days they gather conference It's about thirty thousand people so it triples almost in size. And they call it. The world's most expensive networking event. That sort of like not that much different from places like sundance our Or even the masters like. I said i mean. Augusta is not a small town but They depend on that business so much like restaurants and a hospitality you know companies and You know places that do events and all that they live and die by that tournament and when you know covert happened this year and it didn't happen properly or they did it like a virtual masters with no humans.

Augusta michael j. de la mer russell goldman south africa atlanta georgia donald trump davos new york augusta Three thousand people Georgia geneva next decade eleven thousand people Today bollywood klaus schwab saturday evening seventeen years later four hundred
College football: Georgia beats Cincinnati in Peach Bowl

The Paul Finebaum Show

05:41 min | 3 months ago

College football: Georgia beats Cincinnati in Peach Bowl

"Tim. Brando has returned and we are always excited to welcome. Tim brando back to our show and tim. Thank you for the time. Happy new year and man. Is there a lot to talk about. Yeah and even some of it is in sports too. You know a little bit of it has to do with sports up. And i've never been happier to be involved in sports right now. I can tell you that this is a this is a good day to cure about a college football game because otherwise you might need. You might shift drink. But let's keep it on college football before we get to monday night because certainly there's plenty of analysis. I couldn't help but think of you. On on friday as cincinnati was holding on dearly and ultimately lost to georgia in the peach bowl just You had been way out front arguing for others to be included in the party and they certainly acquitted themselves quite well. Yeah unfortunately you know this. Perception is reality. But sometimes the realities are when you wind up. Paul with A magnificent championship match up. And i will concede that that's what we have. I mean let's face it. We're talking about the two premier programs with the two largest brands from the two cities that get the highest ratings in sports television columbus. Ohio being second in birmingham alabama. Being one we're talking about the the the cfp really getting very fortunate. I mean really really fortunate. Because you know i certainly didn't believe in ohio state To be clemson the way they did. And i saw enough of ohio state during the regular season to know that they did not perform anywhere. Close to that Until that game was played. Which i think gives you know you have to give a lot of credit ryan day for having his staff and really his own gain planning so schematically superior to davos sweeney and clubs. That's you know brent. Venables is an outstanding defensive coordinator arguably considered maybe with dave aranda. Now is the head coach the best in the country and they were absolutely woodshed. It by ohio state and they did it. Schematically with two tight ends what they call twelve personnel football speak and utilizing the tied in and other receivers in a way that they have not done all season long. certainly they didn't do any of that against northwestern football team that defensively had the their team in a position to possibly beat ohio state in the big ten championship. I mean if it weren't for trae sermons Who had an unbelievable record breaking performance rushing the football. You know ohio state. Does it win that game against pets. It's gerald steam. So i think it was a legitimate by most of that cover football on a regular basis that simpson. Just add way. Too much ammunition and from a defensive standpoint would be able to handle what Been a relatively Understandable offense to defend. You know if you take care of justin feels and you double alava at wide receiver. You should be able to handle them well. That certainly was not the case in this game. So the cfp gets break with this matchup but that doesn't stop the thought process that that cincinnati gave everyone a reason to understand my point of view on this and so many others feel similarly that this is a team deserves to be playing for something a lot more than they were against georgia. They were two yards away all on third into and really didn't have to convert the third to if all they had done is just run the football as opposed to pass it Georgia would have had twenty five thirty thirty five fewer seconds to work with to get the ball to field goal range for fifty three yarder to win it. So i would contend that cincinnati's not just not getting the two yards but just deciding to throw the football rather than run. It was the difference in winning and losing. And and i think if that had happened the narrative wouldn't just be all my god. How great a matchup we have. We know how state alabama the narrative would also be. God did you see cincinnati. You know i mean did you. And they put iowa state with two losses above them. They they they dropped them to spots. I mean cincinnati's case would have been so much different. Had they been able to pull that off against georgia. But but i think people that are smart enough. That really understand the grander landscape of college. Football get the point and that is teams like cincinnati belong the ratings. Prove it too by the way. The highest rated new year's six game on your employers air by far was the cincinnati georgia game that means the game against north carolina and by the way eight. Mp team's gonna wind up at the top four right but you know it was that was a glorified exhibition. It did not rate the way cincinnati's game rating with georgia. It just didn't so imagine if that game was cincinnati were game. That mattered. That really matter. i dare say it would make a huge difference in the mindset of so many people as it relates to expansion of college football. Football's player

Football Ohio Tim Brando Cincinnati TIM Dave Aranda CFP Brando Georgia Venables Alabama Trae Sweeney Columbus Birmingham Brent Paul Ryan
The College Football Champion Not in the Title Game

The Dan Patrick Show

01:49 min | 3 months ago

The College Football Champion Not in the Title Game

"How impressed for instance, were you With the way Ohio State showed up in the second semi final, especially given how they had looked throughout the season. Yeah, I was blown away. Jim. I just really was. I thought that I didn't think they could win, And I thought they may even get trucked a bit by Clemson just because I thought Clemson was playing in a much higher level and then Ohio State just stepped it up three levels, you know, and the way they X executed the way they performed Justin Fields, really One of the great performances I've seen from a quarterback, especially after nearly having his rib cage split in half. You know, just just courageous and brilliant. Um and Their defense played better trace sermon has been a monster. Lately. Their receivers are excellent. Their offensive line is excellent. S so they've got the ports and I think it's gonna be a real shootout in the final with Alabama at 40 My guest. I mean, amazing win for Ohio State an amazing performance. What about clumps? And what about the flipside? How bad of a loss was that for Clemson? It was bad. It was especially bad for Davos, Sweeney. You know who ran his mouth a bit. And you know, if you if you hand out that bulletin board material of putting Ohio State 11th and no that's gonna be public on then you you go out and get run over. That's a bad look and Davros had a great great run and it's it's going to continue. They've got really good players. You lose Trevor Moritz on even though the rest the next quarterback is really talented. He may not be Trevor Laurence. Yeah, You know, it's just a situation where They had a great as I said, a great run. But you may have missed a little bit of a window here with Trevor. They may still be a top. They should probably still be a top five program. They may eventually be a national champion again. Like you wonder if the last two years if they may be Mr Chance to add a second or third national title under travel on it before asking about the final really quickly when you look

Ohio Justin Fields Clemson JIM Trevor Moritz Trevor Laurence Sweeney Davros Alabama Trevor
Ohio State shocks Clemson & Bama dominates Notre Dame

The Audible with Feldman And Mandel

06:24 min | 3 months ago

Ohio State shocks Clemson & Bama dominates Notre Dame

"And we're taping this about an hour after a pretty stunning performance by ohio state crushing clemson in the semi final game and so we both had two games. There were both blowouts but the second one didn't go the way anybody thought rights to yeah to blow outs. One felt like the game. You expected alabama notre dame. The other one. I never in a million years that i think it would play out that way. And maybe that's my bad. Maybe i should have more faith in the buckeyes though having only seen them six times having only seen them play A couple big games. Nobody could have seen that coming. Nobody could have six touchdowns from dustin fields in snaps dominant performance. I think the thing i most underestimated was just how much fuel they were playing with from the For at the very least from last year's game that they've been holding onto this for twelve months Davos ballot played a role. Who's to say but clearly it was one of those situations where a team just comes out on fire. I hesitate to go down this road With you. But i'm gonna go there. Look you know what justin field pretty fantastic for the first three games of the season against lesser competition. And then he had that three. Pick game against indiana. Who's a good team was probably the best team. They played all season and then they played in the big ten championship game. They played a really good defense at northwestern and he looked like he lost confidence. I i don't know that but he just there was no chris. Alaba ver- and trae sermon ran the ball. Like he'd never run before and looked great. And but the passing game was left a lot to be desired to the point where A lotta people were saying. Hey wilson's now the the number two pick quarterback guy in the draft behind trevor lawrence. Now you fast forward. After this. And i'm talking to different people in football circles. Who our coaches. And they're like i would just discussions going to be really interesting now. What the jaguars may have between trevor lawrence and just field so just like justin feels was phenomenal tonight especially after taking a big shot. In the ribs from james galaxy that ended up being targeting and scou- scott ejected from another playoff game. Just like he did last year against shoe. But i mean these were some deep shots that he was throwing down field. I just thought well how they look terrific on really on both sides of the ball. I think they looked better than they had on. Defense a- this year given the competition but the one eighty on justin field from where he was where people felt about him after the northwestern game. I mean am. I understanding that am i stating that. I mean you. See the same thing i'm seeing. A lot of people were panicking about him. After the northwestern game in will i would say with the three interceptions against indiana and then the way he looked against northwestern. But how much do you think is with a higher state for you know. Not only they not played as many games so they haven't had As much time to figure their team out like trae sermon wasn't even factor until the last game and now he's he's had two huge games back to back. But then got chris alavi back. He missed the title game I mean they've had dating back and keep track of which week it was when they had their covert outbreak but and they had to cancel a game. But i mean they've had guys obviously going in and out of The twenty one day quarantine. That is now what seventeen days Like the day was out at one point like they may just be a case of. They finally got their whole team together at once. And they actually didn't those there were without three starters You know harry. Miller is one of their better offense of lineman. There were without a couple of defensive. Lineman they were allowed master teague forgotten man. Because that's not fair to him. But the way trae sermon trish. All of a sudden turned into the same same version that we saw ezekiel. Oh here by. The ezekiel elliott. Who was not even like in all conference honorable mention or second team all conference to the big ten year. They win the title because he just went wild in the three postseason games. And and now we're seeing trae sermon. Do that transform. It looks like they got. Adrian peterson to transfer from oklahoma compared to like elevated his game to ridiculous proportions. The i will say this. I feel like of the two of us. And i'm not trying to pop on the back here I feel like of the two of us. I was a little more of a believer in having a little more believer in justin feels. Maybe than you were at least as a passer. And i think some of that honestly stems from hearing all the elite eleven guys. And seeing him there where they raved about him in ways to a degree that they said. He's probably the most talented player they've had come through their Or quarterback and he looked like that god and i mean. This was the had some great performances. Obviously the numbers. You put up last year and at times this year. But i mean on that stage. The one thing that jumped out at me and you are both at the national title game in that stadium. A year ago was when it was head to head because trevor lawrence look fantastic when he shredded alabama as a true freshman. And that's when the hype. I would say that's when all of a sudden everybody fell in love with trevor lawrence and he is gonna be the first pick in the draft and a couple of years from now and he's done nothing to undermine that he's been terrific off the field. He's been terrific on the field. But joe burrow really was like outshine them last year in that head to head and certainly You know with justin feels it today just kind of was it was an amazing

Trevor Lawrence Trae Sermon Alabama Notre Dustin Fields Justin Alaba Ver Hey Wilson James Galaxy Buckeyes Clemson Indiana Chris Alavi Ohio Jaguars Ezekiel Elliott Chris Football Scott Teague Trish
Clemson Coach Dabo Swinney Ranks Ohio State at No. 11 in Final Coaches Poll

Inside the Huddle

00:45 sec | 3 months ago

Clemson Coach Dabo Swinney Ranks Ohio State at No. 11 in Final Coaches Poll

"Davos, Sweeney can do whatever he wants with his pole. It's kind of why nobody pays attention to the coachespoll anymore. Now that we have the playoff committee rankings, we don't need it. Because when dabble places Ohio State number 11 Hello, Florida and Oklahoma and Georgia, Cincinnati and Coastal Carolina as well. It clearly was just to make a point that Ohio State did not play enough games in his mind. Not that there's 10 teams. Actually could beat the buck up the same way no power. Five coaches put Cincinnati in their top four. But seven group of five coaches did see the coaches are always acting in their own self interests. Politicking for their own schools for playoff spots, Bull Biggs and then their conferences to get more respect and when they can propping up those that help them while tearing down those that don't

Coastal Carolina Sweeney Ohio Cincinnati Oklahoma Georgia Florida Bull Biggs
Uber Sells Its Autonomous Vehicle Research Division

All Things Considered

02:41 min | 4 months ago

Uber Sells Its Autonomous Vehicle Research Division

"Out of the self driving game. The ride hailing giant has sold its autonomous vehicle research unit to a startup. It hasn't quite given up on the idea of robo taxis, but it is recognizing it can no longer afford to spend billions of dollars on the technology. NPR's Camilla Domina ski reports. Uber has always aimed big. It wanted to operate around the globe. It wanted to replace personal car ownership. And when it came to self driving technology, uber wanted to play a starring role in that revolution and make a fortune off of it. There's a huge huge Like positive impact of society when driverless cars become a thing that was uber co founder Travis Kalinic at a World Economic Forum event in 2016, and after Kalinic was pushed out of uber because of numerous scandals, new CEO Dark Khazar shot he was still optimistic. He spoke at Davos and 2018. We will have Autonomous cars on the road. I believe with him that the next 18 months not as a kind of Ah test case but as a real case out there just a few months after that remark, a self driving uber on a test run, struck and killed a pedestrian and Tempe, Arizona. After that deadly crash, Uber pulled its test vehicles off the road for a while, but research into self driving software continued. The goal was to eventually offer rides without needing to pay drivers. But while self driving technology has been improving, it's not close to making uber any money and that research is very expensive. They put a lot of money. It's in the billions. Daniel Ives is with Wedbush Securities. After all these years, Uber's recognizing its limitations. It's never turned a profit and the pandemic has it. Bleeding money. Self driving could still be part of Uber's future and years to come through partnerships, but the company won't be developing the technology in house. This is a shitty jik vision, but ultimately going to really play out. They were gonna need to sell this business. They could not support that level of our he needed to make this successful. All that expertise is heading to a startup named Aurora that's working on self driving trucks. Uber isn't getting any cash in exchange. I have says this transaction is all about getting a money loser off the books. It's a sign the company that always dreamed big is narrowing its focus. Uber is doubling down on ride hailing and food delivery as it chases that elusive profit. Camilla dominates key NPR news

Camilla Domina Travis Kalinic Kalinic Dark Khazar NPR Daniel Ives Wedbush Securities Tempe Arizona Uber Aurora Camilla
"davos" Discussed on No Agenda

No Agenda

08:57 min | 6 months ago

"davos" Discussed on No Agenda

"With carrots and sticks not with just sticks because it works so well on sticks which trump and especially pump pale. And you know for all of trump's of the administration's belligerent approach towards China in has an actually achieved very much in terms of challenging. or changing Beijing's behavior, but it has encouraged a more defiant nationalistic stands. whereas. I think Biden would be less reckless, maybe more strategic and would engage on issues of mutual concern like Kliment. And then. So important would be much tougher on. Human. Rights. Which China hates to be lectured on. And and Biden would be better at building coalitions. When they talk about a reset, they really mean it. Let's reset back to Obama when we just love the Tri comms and we did whatever they wanted and we bowed to them that's joined the Paris accord again that's. Money that's the reset. Also I think Biden we're probably run a tighter ship so that China's not left wondering, which is the real who has the upper hand here I think there is a school of thought China likes this sort of transactional nature of trump and that you know trump is so destructive of America's position in the world that ultimately it will help China's it will help China it will be to its benefit, but we get a sense at least our bureau in China. That you get a sense they're exhausted and actually their rooting for for reset. Everyone wants the reset. So the Chinese want the reset. I think we've established at Reuters is now a puppet of the Chinese S. he's DP. There's also when I wanted to mention this before I forget about it, which is i. Only, have the clips but don't show valley was doing a thing called the on A. Day are so in the pocket of China Deutsche Availa is completely out of control. There's a woman on there that was giving an analysis about covert and she literally said and that covert. And trump was dissolved his fault of course, Cova came from Europe. The blasios says and and Cuomo. It came from Europe the of course from Europe Came from northern Italy from the Chinese that went to the northern part of Italy and infected everybody in northern Italy, and then they came over through the back door even and then she said Keith cut off the cut off the air travel from China but he did nothing about Europe, with where the virus came from this. Straight nobody questioned. That's bull crap. He cut off the airline flight from Europe to my daughter still can't visit me. So. What are they talking about these are lies here is the president with thirty seconds about China. This is something that came to us out of I. Don't know I won't be able to tell you yet. Maybe at some point, they'll be able to report exactly why it came to us, but it came out of China shouldn't have happened they should've never let. It happen but they suffered plenty also far more than people understand. But this is something that should not have been allowed to. They should not have allowed this to come out to the world, not only to the United States to the world but I have such respect for the people that have suffered and my sympathies to those families that have been so horribly hurt. So back to the world economic for for the a Davos dishes. I was Douche bags and this is still this is Michael Froman and Michael Froman. I think trump fired him. He was the US trade representative. Up and. I think-i stayed until the I. I think I kicked out pretty quickly twenty seven teams. We got kicked out pretty quickly and obviously because he is huge Douche globalist but he does come up with some interesting terms in this, which is worth listening to I to see if I can bring Michael. Back in and Mike with all your trade experience, we've talked about breathing life back into global partnerships. Is there potentially a role for discussions on services and digital to help if you breathe new life back into some of the organizations we've been talking about the kind of dominated global governance and global discussion on these issues. So this is about the digital economy, the way the new world order globalist wanted to go it's it's worth listening to. Or? Is that something that's going to stay off the table for for the next three to five years? Well, I, think there must be because. We have a global trading system which really hasn't been updated to reflect the nature of global economy services, the disciplines around services as much weaker than they are around the traded goods, and of course, the digital economy didn't exist really when the WTO was created in. So there's been a lot of good work originally and NCP key now in US MCA and some other agreements that have been negotiated too. I thought it was interesting. He's talking about. TPP. Is that still on the table? I guess TPP never went away the trans-pacific partnership. Sure they. They probably probably is on the table because they hope Biden's going to get input back and play who helped bring digital economy issues into the mainstream of the trading system. But it's got to be essential part of what we we do going forward if this system is going to be is going to be relevant. Globalization. Terrific phrase because a lot of these issues will go around to well what what rules around information uses of data protection of Data Protection Individual, privacy. Our country's comfortable with and who are they willing to trust. Trust is absolutely going to be critical in creating those networks and trust around strong principles protecting privacy. It'd be absolutely critical while at the same time allowing countries to come together and share information. To. Do the analytics that allow us to address a number of the outstanding. outstanding common issues so There's got to be a big focus on this whether it's in the WTO itself or and again, this is limited purpose partnerships and partnerships among countries willing to come together and sign onto some high standards. He's areas absolutely standards. So as a part of gated global globalization gated globalization, of course, we care about your privacy, but obviously, we have to share data on you with our other globalist countries that we can all figure out can take the right decisions. It's going to be closing in on yet you know what else do is interesting in there which I caught because I knew about this going on, they've been trying to do this as day one they can't get. They can't quite get there and that's what he bitched about the very first part of this clip. He said, we have all structures and everything in place for trade of goods. But not services. That's right. And United States is you know supposedly evolved into a service economy and now they wanna take that away. Now, they can't do it with and we're not talking about a waiter. Although they'd like to do that too with these robotizing restaurants where you can tell the robot to make a Burger and they'll do it is one San Francisco. It's it's more about back office stuff We have a lot of offices in this country just look at the giant high-rises they have been trying to outsource. Office work for as long as we've been doing this show and his Co. in this called, the business taxonomy they want they believe they can algorithm is the the entire functioning of an office and take the mechanism of an office and move to India and put it on a floppy. Moved to India and just set up shop in India as though they were still here in Manhattan Office Bill Right. That's what they wanna do and if these. A commercial real estate is really is under attack on those. This is what's GonNa suffer the most decides. Office workers are going to be screwed town. But they can't do it. It's too hard. final. Short clip just because it's one of our favorite flubs. I usually say it on purpose this is the the mastercard guy for some reason, the mastercard guy what's his name a Borge Brandy. Morgue Brennan Keys. CEO. Mastercard, which is a big company very important especially for the unbagged. And so he's in there and he makes a classic mistake session is really all about the power of partnership.

China trump Biden United States Europe WTO Michael Froman China Deutsche Availa Mastercard Beijing Reuters Obama Davos Borge Brandy Italy Cuomo India Brennan Keys
"davos" Discussed on No Agenda

No Agenda

07:31 min | 6 months ago

"davos" Discussed on No Agenda

"Bite in win still have the majority. And transfers his powers specifically section four. Of The amendment empowers Congress to set up an independent body. To confront such a crisis. Has a constitutional duty to lay out the process by which a president is. President's incapacity and the president of any party is determined. This bill honors the duty by strength creating a Standing Commission. Of Top former executive officials and medical experts selected in a bipartisan bicameral way. A president's fitness for office must be determined by science in fact. Now. It's not there's still a process, but this is what the Standing Committee Commission is for. So, after the vice president Makes this move with this majority of cabinet or of either house thereafter, the president transmits to the president pro tempore of the Senate and Speaker of the House representatives has written declaration no inability exist he shall resume the powers. So that would mean, Joe Ago is not true. And the duties of his office unless the vice president, a majority of either the principal officers of the Executive Department or such other body of Congress may provide by law transmit within four days to the president of the the speaker of the House represents the written declaration. The president is unable to discharge the powers and duties of his office. Thereupon, Congress shall decide the issue assembling within forty eight hours for that purpose if not in session if the Congress within twenty one days after of of. The latter written declaration or of Congress is not in session within twenty one days after Congress's required to assemble determines by two thirds. Vote of the houses houses the president both yes that the president is unable it's tough is unable to discharge the powers and duties of his office. The vice president shall continue to discharge the same as acting president otherwise, the present shell resumed the powers and duties of his office but I think to accelerate anything. That's why it's kind of chicken shit thing to do. Now is just set it all set your panel beforehand all you need to do is sneeze. But so okay let's let's look at this from a kind of A. Twenty thousand. Feet. Kamli harasses California part of the system she was brought in by Willie Brown be a stooge for the powers that be includes Pelosi family newsom and the rest camp as you. California she's. Somehow, shoehorned into this position, she was the worst performing candidate for president in. All the primaries you got like two two. Electorates or something stupid and Amy Klobuchar and others others included others and buying stupid park proclamation and he's only going to pick a woman so it had to be one of a couple. Even. gillibrand would be better than this one and. But no. Somehow this got this one in there and so now she's GonNa be she's basically president-elect pretty much and their net, but they're gonNA have to Rambaud this through and get two thirds of both houses Biden is GonNa be. Shot. and. I think that the and I think the Republicans by the way will agree. No they're going to not. They want bite in this president they don't want camelot brother he's dangerous. They'd rather have somebody they can pick on. Like Komo's not kickable, please. Well, but she they'd rather deal with Biden, her house everyone estimates the power of this of the presidency. Such. But there Would Be Kinda funny. Well. Yeah. They're pre sentence whole thing they're setting the stage so. California President Nice in. Door in our life to go through to impeachments. Because of course it around for. Previous Witnessed a decline impeachment Clinton and impeachment. We also witnessed the Nixon Watergate tapes which saw most almost policy impeachment. And then at Twenty Fifth Amendment Oh, my God. That's when we started. Might Our history book? Yeah, the kids are going. To do good old days with Grandpa used. This all these crazy things he was in the civil war So what will the difference be between a continuation of the trump presidency or the Biden presidency? the World Economic Forum that Douchebag from Davos had another meeting. They call it the great reset. It's the great reset the world economic. Yeah. The douchebag from Davos I should write that one goblets Douche bags is better. Okay. I'm going down the. Douche bags so they did another zoom call. Sue bringing all their top top dogs and a part of the the gang. Is Alexandra, Alexandra Golani. She is the senior editor at Reuters. So she's a journalist. Is there is an editor journalist. Actually yeah. Well it should she be even getting technically their editors and they're not journalists they're not doing any journalism just editing but most of the time they're also journalists. Now, of course she has she's completely entitled to her opinion, but should she be conveying that opinion in public is that done? Is that something you do editors editors right the editorials and that's an opinion piece usually. So yes. Okay. Well, then let's listen to what she's thinking. So here she is the senior editor of Reuters. And her waxing poetic about the US elections between now and November third God knows what can happen and many things can happen. You know related to the health of the president's two of his challenger and I think that's important. Not just because of headlines. That's important because the the key thing ahead of this US election is the integrity of the election itself and the questions over whether the election will be fair and later whether it has been conducted fairly and that not only could up end the vote itself. But more crucially depending on the counting ballots it everyone is now prepared. Possibly not to have the result by the evening, but the uncertainty uncertainty could continue to erode public trust in institutions in the very democratic running of the United States, and that's even without considering possible violence in the streets and so that means that even if there ends up being a transition of power to a new administration, the first thing that any new president would have to do is try heal the nation heal the nation. Okay. So that's all she's thinking just it's important to know that she's expecting violence in the streets. Meaning I guess the trump will win otherwise. Why would anyone be violent? And then she. A topic that was not discussed in the past moon eight nine to twelve years as China. But now all of a sudden, we have an opinion on China and the difference with the Chinese relationship with the US with trump and of.

president vice president Congress acting president California Biden Davos Reuters senior editor Standing Commission executive United States Amy Klobuchar Standing Committee Commission Rambaud Senate China gillibrand Komo
Unpacking Palantirs Public Debut: CEO Alex Karp

Squawk Pod

19:51 min | 6 months ago

Unpacking Palantirs Public Debut: CEO Alex Karp

"This is squawk pod I'm CNBC producer Katie Kramer today on our podcast. unpacking Pailin, tear the high profile highly secretive software company has operated quietly for seventeen years and it's finally on the public markets. And -ticipant I I think for maybe the past ten years CEO Elon on why it it took. So long my lawyers will shoot me what I can tell you is we are very very focused on building software a longtime before other people building and how he expects to become profitable with a small, but mighty and mighty controversial of customers. Well, how can you have the Super Valuable Company? They're only a hundred and twenty-five customers to which I respond. Yeah. But one, hundred, twenty, five most. Interesting institutions in the world I would ask people who are watching this to make a list of the institutions they admire in the world, and then roughly figure out if they're using pounder that interview plus the politics behind listing journalist Joanne Lipman fits a company that is very, very closely aligned with the trump administration. There's a huge question here about what happens if trump does not win the presidency it's Thursday October first October twenty twenty the year is still twenty twenty squawk pot begins right now. Good morning and welcome the squawk box right here on CNBC. I'm Andrew Ross Sorkin along with Joe Kernan Becky off today. Today on the PODCAST volunteer goes public analytics company that is usually described as secretive debuted yesterday the direct listening selling new shares on the New York Stock Exchange covered live on CNBC how tears for trading why secretive well here is named after magical orb and Lord of the Rings. But in seventeen year history, it hadn't made much public volunteer received early funding from the venture arm of the CIA and provide software products designed to crunch numbers. One of these programs is called Gotham and it's for government clients. Who Need to organize an understand massive amounts of data. So surveillance predictive policing, possibly rooting out potential terrorism threats, Pailin tear works with US Army Navy Department of Homeland Security and it's working with health and human services to help track the spread of Corona virus case data that we just recorded. We can immediately narrow into emerging hotspot counties, notable backers of talent tear include investor, and Co founder Peter Thiel who has gotten attention for his conservative politics and support of president trump in the two thousand, sixteen campaign. Evening. I'm Peter Thiel I'm not a politician, but neither is donald trump as well as his work technology companies. He was facebook's first big investor other pollen tear backers include wall streeters like Hanlon and Stanley Druckenmiller when talent tear filed paperwork with the SEC to pursue publising listing earlier this year it's called the swan event is finally got a sense of the books turns out pollen tear had never turned a profit and. A, huge chunk of its revenue came from its three biggest clients which are anonymous in the first six months of twenty twenty. It's revenue of nearly half a billion dollars a big jump from the year before this was addressed by pollen tear CEO, Alex Carp investor roadshow, which true to carbs personality, and true to the weirdness of twenty twenty was virtual and started on cross country skis. Welcome to Powell, tears investor day. We're very proud to have you here. Carp is an Orthodox for a CEO. He has amazing curly hair. He uses the modifier super allot super cool and speaking to potential investors. He made the pitch for the importance of Pailin tears purpose. This way of looking at the world war literally savior situation and in many cases Save Your Life Allen to has moved beyond. Just government clients fifty-three percent of its customers are in the private sector big name businesses who use a software program called foundry include Airbus Merck Ferrari and United Airlines but it's work for governments here and others around the world stuck to its reputation allentown faced criticism from privacy groups and for its work with the US Customs and border. Patrol. Tracking immigrants at the border. But Carp in the company not backed off in. That s one filing the leader of this highly valuable tech uniform said, Pailin tears work is different in his view software missions to keep safe may have become controversial but companies built on advertising dollars are commonplace and carp took aim at big tech culture directly writing quote our company was founded in Silicon Valley. But we seem to share fewer and fewer of the technology sectors, values and commitments. Helen tear moved its corporate headquarters to Denver and its shares headed to Wall Street. If you think, we are going to change our internal culture drastically if you think we're going to work with regimes that are not allied with the US enter abusing human rights if you think. that. That the future is going to be a super rosie place where the past ways of supplying software are going to work because enterprises and governments do not need to be reformed you should not invest in pounder. Andrew. Ross Sorkin has interviewed Alex Carpet number of times. This conversation was reported Wednesday yesterday right after the first trade for here on the New York. Stock Exchange. We've had lots of conversations over the years. This has been probably one of the most highly anticipated offerings or listings in a very long time. Almost every year that we would talk in Davos I would invariably ask you are you going to go public? Are you gonNA list and invariably you wouldn't. So let's start with why now? Well, first of all, thank you for having me and I and I really would like to thank all the pound tyrians who stuck with us and built this company and our investors you're stuck with us and you know over the years we've been skeptical about listing and for lots of reasons, we really needed to build our products. With enough protection so that we would be ready to launch them into the public space. And we built we built out PG government and foundry product and and built a way to maintain them so that we wouldn't have to scale the number of people and. You know we've reached a base where where our company's very significant and we believe being in the public space will help us with our clients and help us grow and quite frankly I believe the people apparently who built this company over seventeen years. Deserved a access to liquidity. So we we decided this would be great time for us and so far. It's been a really interesting process and and our clients are embracing it. So it's a really good time for us and I'm very, very grateful. Outlets. The single biggest question that investors ask about this company is seventeen years in while you know may have an operating profit, the company unto itself is still not profitable. So so walk us through what the path to profitability looks like. Well, you know we build these products years before people build them, and that takes money and what you see in the cove it pandemic crisis is we had built this way of going to market with foundry, which would allow us to literally supply an enterprise with a completely new stack of products within six hours and maintain them. And what you saw when we did that is we grew the company forty, nine, percent, forty, nine percent off of a seven, forty, three base and the divergence between expenses and in growth is dramatic. And we're just going to be very very focused on on an invigorating, our software offering. But when you're growing forty-nine percent off of a seven forty base. I think that's a pretty strong indication of what the future could hold and we're super proud of that and I think you're seeing that people are taking a look at our financials and our our company is often been used viewed as complex and. Needing explanation both moral and financial but it turns out our financials are quite simple and you look at this dramatic growth with flat lining expenses and I think that gives investors comfort and it certainly makes me feel as. Co Founder and CEO that we made the right decision to invest heavily over well over a decade in building software, the way other people don't to build it and you see the results do you think the profitability is at twenty twenty, two, proposition twenty, twenty, three proposition can I put you on that? Well, you you can push me but of course, my lawyers will shoot me I can tell you what I can tell you is we are very very focused on building software a time before other people building, supplying it and I think that are year I. First Half of the year growth will be reflective of the future and if I'm right. That will answer all of your interesting questions and we'll be interviewing. You'll be interviewing me again maybe not a Davos but virtually, and we'll see how we do. Confident confident we'll do well. Alex, one of the other questions people ask is how to comp your company meaning what are the comparable should this be considered a technology company as SAS company or should this could be considered a much more traditional consulting company? Can you speak to that? Well I think what the investors are seeing is they're asking the question at this point they used to ask is this is this a company that built software for the government and how do they build it? Of course we always sold this as a license. Then they saw our margins of the first half of the year round eighty percent. So I think the real debate now is. Move significantly away from is this software services because although people think we're very smart, we're not smart enough to get eighty percent margins off of a services company. The question then is, how do you comp it and honestly I think that's something investors will have to figure out. We're not focused on that we're focused on we are going to be the most important software company in the world. And people will figure out what valued over a long period of time and we're very comfortable with investors toying around it could be like this. It could be like that. We are going to deliver the best software. With the morals most efficient way of delivering it investors will decide what's that. What's that were is worth to them and I think you'll find a number of years that will be a consensus. Palette. Here is a truly special software company that is arguably the most important software company in the world. Alex has everybody knows You have contracts with various government agencies, obviously and some of the bluest of the blue chip companies in America today, but it's a concentrated list of about one hundred and twenty-five companies. About Twenty eight percent of the revenue actually comes from three of those clients unto themselves. Two thirds of the revenue comes from the top twenty. How much of a risk does that pose on one side but also when you think about the opportunity on the other, if we're having a conversation like this in in twelve or twenty, four months, how much do you want that list to increase in size or do you just want to keep that group effectively and a effectively raise the margin or cost for those clients? And grow that business. Well, we want to do all the we're going to do all of the above. So interesting about our client list people people ask, well, how can you have the super? Valuable Company they're only one hundred and twenty-five customers to which I respond but one hundred and twenty-five most interesting institutions in the world. These aren't just any institutions. The literally, I would ask people who are watching this to make. A list of the institutions they admire in the world and then roughly figure out if they're using, we don't go out and advertise our product, but I would say the list of our clients is the single most impressive institutions in the world I've ever seen we. So we want to keep these clients. Also investors will of noticing in the one that well over ninety percent of our growth in the first half of the. Year came from our existing clients. What does that mean our existing clients? The most important clients in the world are really happy that's what it means. So of course, we're going to expand those really happy clients who happen to be the coolest people on the planet, and then we've built this product which has gotten very little attention called Apollo Apollo allows us to maintain and deliver software to any number of clients with essentially. Not growing our our force apparent and force at all. So we're planning now that we have Apollo to grow the number of super cool customers all over the world, and we can do it without raising our headcount, and so what you're going to see is we're going to continue building with our clients why they're the most interesting clients in the world and they clearly based on our numbers like us and some of us. We are going to expand our client base. Why? Because now with Apollo, we can deliver the whole stack in six hours. I don't think any other company I've ever seen in the world can do that, and we can do with efficiencies that I don't know any other companies going to do because we can do this with a small number of people sitting in our office that we have maintaining, updating and providing them with new products we built. So they don't have the Frankenstein monster that takes two years to build and has to be maintained with either human hours like in the government contracting case or by purchasing new product or compensating sales people or behind. It people you don't even talking to you can actually buy one stack. So we are going to increase revenue with current customers, get new customers and continue our march. Alex how easier heart is because I know you've talked about trying to keep things in in terms of the platform if you will how he's your heart it for four clients to leave in terms of the churn. Well, as I mentioned, ninety, five percent of our revenue comes from existing customers. So customers, obviously if a customer wants to leave they, can I think the main reason our customers stay besides the fact that the output is very significant as they look at this product, we supply foundry the average customers paying less than six million dollars and they compare it to buying twenty products paying ongoing licensing. Fees. You can't get out of or building something over years, and the last thing they compare it to is we're not delivering a roadmap. Most people are living roadmap of what are you going to get in a year we're delivering a product after six hours so customers can leave. But what you see in the numbers is they by and large don't, and it's not because of my charming personality. Alex well, let me ask you a different question. We've had lots of fascinating geopolitical and philosophical questions about the role of technology and Pailin tear itself as well as the approaches silicon valley has taken. I'm curious in terms of risks how you think about this Amnesty International as you know, criticized, the company recently for its role of working with ice. How much of that does that pose a risk to the larger business? Especially, the corporate business at a time when we have corporations at taking both political positions and also being oftentimes being socially at activist. To Your Business Well, look the fact that we take positions that are sometimes controversial can cost. US clients. But it also gets us. Clients because when we talked to a client and we say look we're going to work with you. We're not gonNA walk away just because the winds change and this is super important especially to our government clients if you're supplying special forces and army and the US, those clients have to know that they will not be left on the battlefield. Because a because Silicon Valley has decided they don't like the warfighter. So of course that costs revenue many of our decisions of cost US revenue we only work in certain countries we've walked away from work because if human rights issues we've said, we disagree with very prominent human rights organizations and we engage in dialogue but also by the way is a reason why I Think people who are watching this may consider investing or not investing. We are not going to stand up here and say we're for everybody we're not going to pretend, and by the way we're going to try avoid jargon. We will actually tell you what we think it's not going to be created by fifty media people it may have to be carried by a couple. Of Lawyers but one of the unique things about power tears, we actually say things and we actually stick to them and that's something not everyone likes but many of our customers do and by the way I think it is a reason why ninety five percent of our revenue comes from customers because when we tell them, we're going to deliver we are going to deliver. Alex. One of the other questions now you all republic company. But as you know, you have three tiers of stock classes of shares that is and to some degree there have been critics who said, this is effectively a private company masquerading as a public company. Can you speak to the decision to structure the shares the way that they are structured and how governance experts and folks should think about that I think it's important for government experts to look and make an deliver opinion but I would also ask them to consider the environment we live in pound tear has been in silicon valley up till recently for seventeen years and in silicon. Valley. Defending the. warfighter providing our troops with technology that allowed them to come home is very controversial. I do not believe a company like ours that makes really consequential decisions for government clients and non-government clients could be run without an F. share structure and I understand there's criticisms investors look and say, well, why should talent you're having F. structure? What is my? What is my what? What can I do if? I don't agree with them. The primary reason why we fought for an structure and we asked investors to buy into it was we need to be able to go to our especially our Intel and defense clients and say, we will not just blow with the wind. And does shares for a company like ours gives us a unique ability to have long-term commitments to the most important clients in the world, both commercial and government, and that's why I believe they're super important, and I also again would encourage people if that's not something you're comfortable with there are many shares to buy. We don't have to buy challenge your shares. You should buy shares knowing that these shares reflect our views. Alex we've often had these conversations in Davos where globalization has ruled the roost but as you know so well, the world seems to be shifting to a globalized world, a splinter net if you will. How do you think long term that will affect the business of here We made this decision, which is actually a secret only because no one believes it's true which is that we didn't solve the problem of fighting terrorism. We solve the problem of doing data protection and fighting terrorism, and the architecture we built both PG and for foundry will allow a super set to work with subsets, which means if the world's splinters and every country has its own jurisdictions, it's GonNa be very hard for normal software companies because they're not built to do that but it's going to be very good for Palette here and finally Alex. Decision five years from now today. How would you measure success? Here, what would be the metrics which measure it? We know they're there obviously financial metrics but I'll tell you Powell cheer has recruited and retained I believe the most interesting most talented most ethical people I've ever met and we work I've interacted with thousands of institutions and in five years when meet I think he'll say to me. Wow, that wasn't just you saying that because it was the right thing to say it's actually true. And the products that will build over that period we'll we'll. We'll be unique and they will tilt the course of history. In favor of things that are good and noble. And will not avoid the complexity that's necessary to do that outlets. Carpool. You lots of luck and we do look forward to having that conversation hopefully in five years. But hopefully sooner than that. Thanks so much Alex.

Alex United States Silicon Valley Davos Twenty Twenty Donald Trump Andrew Ross Sorkin Carp New York Cnbc Powell Joanne Lipman Peter Thiel Gotham Us Army Navy Department Of Hom
Trump Tells UN to Hold China Accountable for Coronavirus

CNBC's Fast Money

01:42 min | 7 months ago

Trump Tells UN to Hold China Accountable for Coronavirus

"The. Chinese government and the World Health Organization which is virtually controlled by China falsely declared that there was no evidence of human to human transmission. Later. They falsely said people without symptoms would not spread the disease the United Nations, but it's hold China accountable for their actions. Following, shortly after trump in in the program was President Xi Jinping who both the UN and Davos has long extolled the virtues of globalization and he said that is to blame. covid nineteen reminds us that we're living in an interconnected global village whether Coleman stake. All countries are closely connected on we share a common future. No country game from others, difficulties, or maintain stability by taking advantage of others trumpeters. Do. Countries also went toe to toe to the extent that you can and prerecorded barbs on climate president she extolled China's leadership position in the Paris. Agreement after the US had withdrawn president trump said even without being in that agreement, it has the best carbon emissions record of any of the countries in that agreement. But Melissa, notably missing which we always get at the U.. Are the cuts shots of the audience members. So you understand a little bit more about how speeches are being received because we didn't get that this year. It's hard to know exactly how some of those remarks landed. But certainly, as I mentioned before, no punches were held

China President Xi Jinping President Trump United Nations World Health Organization Donald Trump Davos Covid Melissa United States Coleman Paris
The Mind Financing The Future

The Portal

06:19 min | 1 year ago

The Mind Financing The Future

"When powerful people use their advantage to engage in new involuntary transfers of wealth safety or freedom from those too weak to defend themselves. The winners are almost always forced to create an idealism as a cover for their siphoning in simpler terms. These idealisms are actually cover stories or bespoke fig leaves which almost exactly fit. The extraction are taking that they are tailored mask once. This is understood. We realized that to test this theory. Each wave of idealism would have to be matched to a highly specific effective confession for an injustice that pervaded the era in which it was found. This concept of idealism as disguising theft is of course an upsetting cognitive shift get is therefore naturally initially difficult to come to see the waves of idealism that characterized each era that we have lived through not as the best of our aspirations for a better world but rather as the photographic negative of the greed of our own ruling classes for example. The idealism of United States competitiveness was everywhere in the nineteen eighties and early to mid Nineteen Ninety S. At that time it seemed to be about the need for all Americans to pull together and get back into fighting shape as a country looking below the surface however it was not really about the need of managers owners and workers to pull together through shared austerity to reinvigorate American industry. Rather it was a false idealism. That instructed organized American Labor to give up hard won gains that were then not matched by comparable sacrifices from the other groups. Once the United States Labor had been sufficiently humbled in attenuated in its power by the Mid Nineteen Ninety S. The drumbeat of patriotic competitiveness gave way to the post National Davos idealism of a world without borders singing the praises of Financial Inclusion Trade Immigration and philanthropy with the Maudlin sediments of nine hundred eighty five. We are the world as its anthem. The purpose of the Post National Movement was not to include those overseas but instead to allow the wealthy of the industrialized world to break the bonds with their fellow citizens of the working class and to access cheaper labor. Pools abroad using far-flung supply chance likewise the idealism of so-called constructive engagement with governments like communist China's would be seen through this lens as the rationalization for ignoring issues of human rights and strategic risk in such a way as to benefit economically in the short-term selling out American interests in the long-term meanwhile back home in the states the techno Utopian perspective that arose dominate. The Bay area of California held. That information just wants to be free and that now. Transparency is king because privacy is dead perversely as you would expect in this theory. This hippie dippy sounding digital vision is exactly what ushered in the surveillance economy as the platforms became not windows but half silvered mirror through which the social media barons learned every intimate detail about their users. These startups turn techno behemoths. Turned the most intimate personal details of our private lives into their proprietary business. Data which was as far from free or transparent as one could possibly imagine the idealism of gender and identity to fits the exact pattern second wave feminism seemed to be about recognizing the intrinsic worth of women in the workforce but it may also be seen as an employer dream to push out the labor supply curve in such a way as to make the previous single breadwinner household require a second income just to keep pace the politics of identity which caught fire in the wake of the twenty ten. Colorado Senate upset are explained largely by economists. Pm Alana's theory. That identity is the cheapest substitute for the Labor Voting Block which demanded far more significant economic concessions. More bizarrely the strange media ritual of pointing the finger of Islamaphobia at anyone who dares ask about a mass murderer in which the killer triumphantly shouts of the hawk. Bar Emits. Bloody and sadistic mayhem may well be about protecting transfer. Payments from oil-rich monarchies while the official admonition to see the Niqab hit job burqa and clitoridectomy predominantly ethnic differences or symbols of female. Liberation is so absurd to go along way towards establishing the need for some theory. Is this to fill the space. The left-leaning idealism of making housing affordable for all that too many bad loans inflated the housing bubble while the right-leaning Ayn Rand Ian Idealism of self regulating markets practiced by Alan Greenspan allowed the banks to privatize gains while socializing the risks losses. The giving pledge to May well be an attempt to keep governments from clawing back unpaid taxes from carefully sheltered fortunes or establishing wealth and asset taxes in a period of radical inequality. In this sense it can be seen as something of a bargain if I promise to screw over my own children for charity. I hope that you will leave me alone and unquestioned to enjoy my vast and carefully sheltered wealth while I'm alive and as we have just seen with the Biden endorsements from Speaker Nancy Pelosi Senator Kirsten Gillibrand and former Senator Hillary Clinton. The metoo movement appears to be less about sexual assault and more about adding a tool for extra-judicial vigilantism which can be wielded selectively or kept sheath according to taste suffice it to say that. Hashtag believe all women has now given way to hash tag believe convenient women so you may ask. Why bring this up now? Well in my opinion what we need now is someone who is not part of any of the official idealisms. Of course that would have sounded quite weird in isolation if I had simply said that we need an anti Utopian to lead us. Wouldn't we want someone envision a dreamer doer hybrid two point the way? No we want someone who is not signed on for any of these horrible anti patriotic charades from either party. Someone who never believed in free trade free markets nationalism housing for all deregulation competitiveness etcetera etcetera. We need someone who is not closed with Jeffrey Epstein who does not possess significant financial relationships abroad. Additionally someone alienated by both the hardline pro-life pro-choice perspectives. Would be perfect for where most Americans are today since the time of Nixon. We've been in an era of predatory idealism with our best impulses used against us from both right and left. It is now time to get back to the hard work of cleaning up from two disastrous generations of failed business people politicians reporters in professors and perhaps most importantly we need to flush our dependence on near totalitarian communist China out of our system before it is too late

China Official Ian Idealism Mid Nineteen Ninety United States Labor United States Jeffrey Epstein Post National Movement California Theft Colorado Ayn Rand Alan Greenspan Alana Nixon Islamaphobia Senator Hillary Clinton
Hospitals Facing Coronavirus Are Running Out of Masks, Other Key Equipment

The Situation Room with Wolf Blitzer

09:10 min | 1 year ago

Hospitals Facing Coronavirus Are Running Out of Masks, Other Key Equipment

"Are dealing with very critical shortage. Shortage is not just a protective equipment. They're also facing another huge obstacle. There are simply not enough supplies like cotton swabs to conduct the Coruna virus tests themselves. Cnn's Drew Griffin reports. How did the United States end up in this position with a desperate shortage of corona virus tests a shortage of supplies to administer these tests even a shortage of protective equipment for medical workers? The US government knew the virus was coming back in the beginning of January on January eighth when the CDC published an emergency health advisory on a reported cluster of pneumonia of unknown origin in Wuhan China. Medical experts tells CNN. The trump administration failed to act at this critical time. What we see is the lack of preparation over the last two months has now put us in a terrible position in late. January the first. Us case of Corona virus was identified in Washington state but while Chinese officials began locking down the city of Wuhan. President trump was in Davos Switzerland telling the world that China's problem would not be the world's pandemic we have a totally under control trump barred most non US citizens from flights coming in from China but behind the scenes. Mistakes were already being made as the numbers climbed a thirty five thousand cases worldwide the CDC was creating its own corona virus tests a slower process that included sending the test of public health. Labs to make sure the test would work those public labs found out the test was flawed so they immediately reported that and CDC began an investigation very quickly but more and more labs as they were verifying this through. The coming days also found the same problem but three crucial weeks testing was at a near standstill while the CDC tried to fix the problem and the US health system was flying blind the virus spreading across America and US. Health officials had no way to test for it that kept us from having visibility on domestic transmission of the virus for weeks and weeks and weeks when the CDC's new test was finally fixed ready. There weren't enough to fill demand. This letter shows public health laboratories begging the FDA relaxed restrictions and allow them to create their own tests. It happened within days but in a race to contain it the virus was well ahead by March. Six there are a hundred thousand cases worldwide and more confusion from the administration. Anybody that wants to test can attest. When the president said these words across the country shortages were everywhere today the shortages of tests include just about everything needed to administer the test there are shortages on many pieces of it. Public health officials. Say it just didn't need to be this bad two years earlier. The White House made another potentially dangerous mistake laying aside the pandemic response unit within the National Security Council though the White House says the same rose exist just under different titles. The team President Obama had bolstered to combat global pandemics after. Abol outbreak was gone. Critics say that trump administration decision hampered efforts with corona virus. I think he made a slower and it made us more prone to mistakes. Jeremy Conine Dyke who used to run foreign disaster assistance for. Us aid says all the shortages from testing to swabs to masks can in part be traced back to that one decision. Beth Cameron who under Barack Obama ran the pandemic response unit says. There is no doubt that well we have gotten more out of this at the office had still been intact. I think absolutely the president who alternately said he didn't know anything about disbanding the pandemic team and also defended it now denies his corona virus. Responsible has been anything but perfect. We were very prepared The only thing we weren't prepared for was the The Media Drew Griffin CNN. Atlanta healthcare workers deal with a shortage of testing supplies. The FDA announced today it has approved a new corn corona virus tests that can deliver results in forty five minutes the company that manufactured the test says it will begin shipping out the task next week. I'm joined now by Dr Meghan Ranting. She's an emergency physician at lifespan which is affiliated with Brown University. Dr Anne. Thank you so much for joining us. How significant development is this new test? This new test is honestly a potential game changer for us. My emergency department like hospitals across the country are increasingly filled with patients with symptoms. That seem like corona virus. But we can't test so the best we can say is we think you have covert nineteen and we're either going to admit you to the hospital or send you home and tell you to self quarantine it will be so transformative to be able to actually test patients the same way that we do for flu or other illnesses to able to tell people if they actually need to quarantine and then to make decisions that can help us see equipment for the patients that we do have to hospitalize generally very very significant to the largest cities impacted by corona virus. Dr Ready we're talking New York in Los Angeles now say doctors should prioritize testing for healthcare workers and the severely ill besides that they won't test unless it would significantly change the course of treatment. Does this new strategy makes sense to you. So it's tough. We simply don't have enough tests so it's just like we're doing with masks and gowns. We have to conserve tests to that. We make sure that we have them for the very sickest people. It's not just New York in Los Angeles that are doing this. It's actually the practice it almost every hospital in almost every state across the country right now. It is far from ideal. It is not the way we should practice medicine. But just like we're using masks right now. We have to ration are testing which really incredible so if large numbers of people still aren't being tested. How do we know how bad the situation is? Because presumably there could be thousands hundreds of thousands maybe even more of a lot of people walking around with Corona virus absolutely. I suspect that in my state as in most other states the numbers that are being reported are orders of magnitude lower than the actual number of people who are infected. We are sending most patients home from the hospital or doctor's offices without tests. Were getting the test on those really sick patients but if you are I came into the hospital. We most likely would not get tested again unless we needed to be hospitalized so we are absolutely under counting the magnitude of this epidemic. Zoo interesting story here. A New York surgeon and mother of two whose husband is also a doctor made a plea for more protective equipment on twitter writing. This don't make an orphan out of our two toddlers so bottom line Dr Rini. How dire are these shortages at hospitals all around the country right now? It is truly dire. That is a perfect word for what's going on. Listen we're all used to using isolation gowns? There's something that we use to take care of variety of patients who come into the hospital but never I've been physician for almost twenty years now. I'm never have we been told to reuse this equipment? It is puts us at a huge risk potentially puts patients at risk. It is exhausting and terrifying. I mean the number of steps that we have to go through every time we go in and out of a room with putting on a mask putting on a face shield putting on a gown putting on gloves seeing the patient stepping back out and then doing each of those steps again in every time you take something off. You're in danger of contaminating yourself and then instead of just throwing out the mask or throwing out the face shield. We're being told clean off the mask. Clean off the shield and it in a paper bag and then put it back on again before you go see the next patient there these series of steps where we could get infected? Which then puts us at risk. I have well over a dozen colleagues across the country who have already tested positive for cove nineteen fellow emergency physicians and nurses. And it's simply because we do not have adequate access to protective equipment and we're being told to reuse the equipment that we do have. So how worried are you about your own wellbeing Dr Rini so I am concerned? I'm hopeful that I'm relatively young and healthy and I'll be okay but I've had discussions with my family about if and when I should separate from them. I have friends who have sent their kids to limit our houses. And I'm personally told my parents that I'm not going to see them again until this outbreak is over because I don't want to risk infecting them. I think it's a matter of time in less. We increase the number of masks and gowns available. It is a matter of time until most frontline healthcare workers are infected. We

CDC United States President Trump CNN New York Dr Rini Barack Obama FDA Corona Drew Griffin Los Angeles China Wuhan China Wuhan Dr Meghan Ranting Jeremy Conine Dyke Brown University
Jack Welch, GE's legendary CEO, has died at 84

Marketplace

02:27 min | 1 year ago

Jack Welch, GE's legendary CEO, has died at 84

"Jack Welch died yesterday the long time chairman and CEO of General Electric one of most celebrated executives of his day was eighty four years old the legacy well sleeves is complicated it will be debated and case study to four years in particular the way he changed what American companies do profits above all shareholder value first in line marketplaces Katong has them General Electric once upon a time explicitly serve many masters workers research labs and last of all shareholders that's according to company documents in the fifties by nineteen eighty one in came a new boss Jack Welch he slashed underperforming divisions and workers he spoke at MIT in two thousand six you bring a man you say look this isn't working you're in the bottom ten United again in my money here let's over the next year get your move on my then cutting costs and pleasing shareholders was in vogue in Wall Street and work for G. its stock way out perform the market during the Welsh decades of the eighties and nineties Nicholas Heymann is long time G. analyst at William Blair she had no problem redefining the landscape and what would work and in that sense standout became kind of the Paul Bunyan of shareholder value creation shareholder value often came at a cost to workers it undid the post war corporate social contract says Rick warts but not the Drucker institute his book is the end of loyalty G. and vaporized about a hundred and seventy thousand jobs under Welsh up until that time only the term downsizing it really entered the American vernacular yet these kind of huge mass layoffs were still seen as pretty scandalous when will step down in two thousand one jeep your allied heavily on its finance arm GE capital which will build up and when the financial crisis came years later the company got hit hard law professor Margaret Blair at Vanderbilt's is that's when we'll just tone seem to change as the company got into trouble he conceded that maximizing share value is not always the smartest thing to do D. adage suggests that he changed his mind over time he must have begun to see if there were big problems in the underlying business well she may have been on to something today leading groups including the business roundtable blackrock and the Davos World Economic Forum are rethinking the shareholders first model in its

Paul Bunyan Professor Blackrock Vanderbilt Margaret Blair Ge Capital Drucker Institute Rick Warts Jack Welch William Blair Analyst Nicholas Heymann MIT Katong General Electric Chairman And Ceo
Bloomberg fills the Obama vacuum

Mark Simone

02:46 min | 1 year ago

Bloomberg fills the Obama vacuum

"Has another problem about you're obviously Joe Biden has a big problem in that he used to be able to talk now he's got dementia Alzheimers whatever the hell is going to know where he is he's bumping into walls so at the most embarrassing thing for by news where is Obama Obama hasn't endorsed them Biden keeps mentioning Obama what he and Barack did what he and Obama did with our administration meantime Obama obviously is not endorsing him and obviously doesn't even like him has no interest in Obama's been secretly helping the fall Patrick seep secretly helping Elizabeth Warren is endorsed somebody in the Canadian racism Dorsey people all the time but he won't endorse Biden so to it's a bit of an embarrassment for Biden so Bloomberg cashes in on this by running these commercials where Obama appears to be endorsing Bloomberg you've seen these commercials were not what it was and this happens a lot when you're at a big event in your speaking the president speaking usually the president will get up and say nice things about all the dignitaries in as a senator Schumer's here I'll say some great things about Schumer it's good to have mayor Bloomberg here that'll say some great things about mayor Bloomberg so that happened on ten occasions so Bloomberg cut together all that footage where you hear Obama say mayor Bloomberg has been one of the great leaders in the country and he and I together been fighting of the so it took a bunch of us come together so it looks like Obama is endorsing Bloomberg now audio has just emerged yesterday from two thousand sixteen of Bloomberg saying he can't really stand bomba and a bomb is not a great president and that he wishes he had voted for a romp or supported right well yeah he says right we would have been better off around so this is just emerged out to another one of these things were Bloomberg is speaking at one of these elitist ridiculous conferences that's why all these audio always emerges a Bloomberg saying these stupid things if you want to be a great politician you go speak at the state fair you go speak at that kind of stuff you go speak in Nebraska that's where you learn how to speak to people that's what Bill Clinton is so good he learned to speak by talking to workers at a seven eleven when you know when you learn how to explain policy to them you'd really know how to do it Donald Trump spent his life on construction sites talking to blue collar guys he knows how to talk to people Bloomberg when he speaks it's at Davos it's at the Aspen Institute in this case with the anti Obama remarks it was at the Goldman Sachs speaker series when you speak in the Goldman Sachs of the Aspen Institute you're totally removed from all American voters so more and more audio Elizabeth Warren was right but when she said you know that we don't know what's lurking out there about Bloomberg's waiting to come out

Joe Biden
Winter Is Coming: Why Vladimir Putin and the Enemies of the Free World Must Be Stopped

Anderson Cooper 360

05:25 min | 1 year ago

Winter Is Coming: Why Vladimir Putin and the Enemies of the Free World Must Be Stopped

"As we discussed before the break one belief that came from that House Intelligence Committee meeting is that Putin has if not actively aided the president's reelection schone preference for him today in response to the reports in that briefing. The White House told CNN that quote no one has been tougher on Russia than this administration. Joining me Gary Kasparov Former World Chess Champion. Russian for Democracy leader and Chairman of the Human Rights Foundation. He's also the author of the book. Winter is coming by Vladimir Putin in the enemies of the free world must be stopped so senior. Fbi officials saying today that Russia's goals essentially to to watch US tear ourselves apart. Do Sound absolutely accuracy. Absolutely spreading chaos. That was Putin's goal not only in America it's it's across Europe. You could seem equally supporting far far left. Making shoot center is decimated and again every country looks like a house divided. So that's what he's looking for because he's afraid that was American leadership The free world united against US aggression in in in Europe And it's especially stupid. Neither Putin trump to be reelected because putting himself standing next to trumpet Helsinki so he made no secret that he wanted to in two thousand sixteen and he made no secret that he wanted. He wanted to see once trump to be re-elected. Because it's still just for what trump does but it's probably more for what from doesn't do so he doesn't talk about rights doesn't what democracy he doesn't forced to the alliance's a Whiz with traditional America. Exactly that's makes no free will. It's interesting though the idea of the idea that you could be through disinformation or whatever it may be or election interference pushing trump but also pushing Bernie sanders. Your the idea of the center is the enemy that he's he basically trying to support the various sides of the spectrum. Coordinating the efforts. Because if you see this this what's happening now on conservative media it somewhat reflection. What's happened in two thousand six liberal media ignoring trump because many people believe that trump would be ideal opponent for Hillary bit? Now Fox just has a moratorium on summers. It's amazing it's self declared socialist and he's just not on the radar but at the same time if you followed from speeches like in Davos at welcoming four or his State of the Union while he brought wider. It's it's the President Obama's well so I so it's clearly shows that he's prepared he's competing shaping it against some there's so and of course. Putin beliefs share these beliefs trump. That sounds could be ideal candidate to go after. Don't forget some. Those made many statements supporting Soviet Union here in America. Imagine what send the sounders that time Mayor Saunders could have set in the Soviet Union bag there when he was just wanted to please his hosts and I have no doubt that if he said something incriminating Lattimore Putin hesitant files. I mean the statement that he made publicly about youth programs in the former here. But it's not the eating and drinking their union he could be more open about praising Soviet Union and I have no doubt that it's really just you know piled in the White House ready to go when or if it is remarkable that we now talk out of the White House having purges of officials who are not toeing the line again it is reminiscent of you know you think of the word purges you think. Soviet Union I hate telling you a said so many times. Now it's it's it's it's not just you know solve one problem at the time. I mean firing the head of these. These agency said legend. Let's understand at the hearings that Russia was interfering. It's not just simply no putting trump's man on top of the trump's lackey on top of organization but ascending message across the board the entire or exactly. You go gas me. That's going to happen. Same happened with Alexander Whitman. Everybody talked about him being fired. But it's more important. What trump did to his twin brother? He was removed. That's a message you if you do something. I will go off the family. That's that's that's that's from classical books you know that's reporter. Godfather dictatorships and mafia bosses do to protect their interests. They go off to the family. They're making less now reporting about today to of potentially anybody who they think is disloyal to be purged out it's weakening they would call the deep state but exactly because less people are just in powerful positions. More power is concentrated in hand in a circle and and it will be dictatorship himself. And let's imagine prompted has been doing it now in election year if he got forbid his reelected he will have no more constraints. And that's what Putin Putin is betting on its remember. Maria Vich the former American Basseterre to Ukraine. Who who was removed she talked about the State Department being hollowed out from the inside which is a terrifying idea. It's sort of you don't even notice it from the outside but inside it's been record number of positions in these in the state in in defense in many other ages intelligence agencies that are not being field because again less people are just miss positions. More Powell concentrated in the hands of children view. The Trump nominated Gary Kasparov appreciative. Thank you very much

Donald Trump Vladimir Putin Union Putin Gary Kasparov Lattimore Putin America Russia United States President Trump Europe House Intelligence Committee White House Human Rights Foundation CNN Chairman State Department
Coronavirus Outbreak Deepens Its Toll on Global Business

Hugh Hewitt

04:31 min | 1 year ago

Coronavirus Outbreak Deepens Its Toll on Global Business

"Markets were totally call totally calm and all of a sudden they felt dramatically than they were covered Dan paying off a hundred and twenty eight points yesterday on Thursday they were down sixty six points on Thursday they're off twelve points on Thursday overnight Bandung index dropped another one percent and I got up to read bad story after bad story after a bad story it's like the world is finally waking up to when I first told you about early in January there I always keep my eye on the virus because I read the great influenza by John berry they know about the nineteen sixty eight playwright I know about pandemics I know that they're considered inevitable and one will come and that what turned out not to be the pick the bird flu sars a little bit scary but they contained it murders was scarier they continued a ball it was the scariest they contained it they have not contain coronavirus and markets are beginning to notice seventy six thousand seven hundred ninety cases two thousand two hundred forty nine people died and the world is finding themselves with new cases everywhere who by which is the home of Wuhan Hubei province revisor daily numbers up six hundred and thirty one cases following deaths in a jail that followed downward reports and happy talk and a one year earlier this week do not believe in happy talk happy dog okay yeah then South Korea got its own outbreak they they canceled the Davos evasion the ball all forum is is held annually big deal regional business and political elites come down of high none not this year March twenty fourth the twenty seven it's canceled and that is just the tip of the iceberg it really is just the tip of the iceberg the manufacturing supply chain is pummeled from all sides according to South China morning post all across China the guard you expect Virginia shopping Walmart United States are not being made that has ripple effects throughout the economy yeah people worried now about how long does it last on surfaces the nineteen eighteen virus lasted many days we don't know people wonder how long are you contagious we don't know Michael Gerson has a great post Washington post column on this then it's reassuring that the death rate is only two percent now the flu is point oh seven percent but sars was ten percent but we don't know if that's the real death rate we do know is the guardian reports this morning in this my morning rundown coronavirus air travel demand will fall for the first time in eleven years mark Sweeney story the spread of the corona virus will result in the first fall global air travel in more than a decade the international air transportation one of the following passenger demand as a result of the outbreak of covered nineteen would cost the airline industry twenty nine billion pounds from the telegraph Ambrose Evans Pritchard dominoes falling in global shipping as corona virus continues to grow China's economy container shipping from China ports has collapsed collapsed since the outbreak of coronavirus has yet to show any sign of recovery almost half of the planned sailings on the route from Asia to north Europe have been canceled over the last four weeks half refrigerated foods ships full of frozen food known as refers are unable to enter Chinese ports the backups are terrible then from the Financial Times corona virus wreaks havoc on the luxury and fashion groups the coronaviruses kept so many kept as many as one thousand Chinese fashion buyers from Europe's top fashion shows this month as the luxury industry faces its biggest threat since the two thousand eight financial

Sustainable Travel: The Hard Truth with Lucy Siegle

WTM Insights Podcast

09:45 min | 1 year ago

Sustainable Travel: The Hard Truth with Lucy Siegle

"Twenty nineteen year in which the travel industry found itself in the spotlight over its role in contributing to climate change tourists now more aware than ever before the environmental cost of air travel. Tourism contributes around five percent of greenhouse gases according to the Cambridge Institute for Sustainability Leadership at travel alone contributes to two point five percent of global emissions and these predictions suggest that these stats likely to triple by twenty fifty. If important changes are not maids however the tourism industry is responding in many diverse ways. For example the Guardian Travel Section now primarily focuses on destinations. That can be reached without the use of planes. Easyjet will carbon offset all flights by the end of twenty twenty initiatives such as green tourism? Have seen a leap in membership and provide hoteliers with a green check meter to promote more responsible tourism practices and global travel as a certainly more environmentally aware. Now environmental issues. I have to admit their uncomfortable truths for us in the travel industry so today we're taking the bull by the horns as it were and we're asking. Chiyo hey to tell us just how bad it is and also what we can do about it so environment environmental impact on travel. I think it's very good but the travel industry is trying to tackle this head on but I think we've also got some uncomfortable truths to face and in facing those uncomfortable truths. Hopefully we can make some headway into doing some stuff about it. But how in your opinion how? How bad is the travel industry for the world? How bad is the travel industry? Well if you look at some who just start with the elephant in the room so we look aviation you can say that aviation has a small part of the climate change pie in the comes in four percent. Something like that four percent. You might say well you know. In fact I've heard it said well PSA quivalent to say the fashion industry or something like that but we're in a very serious situation. Everyone's mentioned this to you. We all have to decarbonised really rapidly. So it doesn't matter. What your slice of the Pie is he needs to be getting it to zero. Unfortunately and aviation is one of the ones that's increasing and increasing exponentially so we could be seeing like a quarter of the world's carbon budget used by aviation in the very near future and that's not acceptable. Because you look at the amount of people that fly so I think in the UK. It's something like fifteen percent of the population tastes seventy five percent of the flights. Something like that. Probably most of them by me mainly you. Yes exactly so. It's not fair. Is it that all of that. Carbon budget should be used in that way so that that is the really really big existential and the media issue for the travel and tourism industry is that it's predicated on flights which have become cheaper and all the rest of it and then you get into a very interesting territory about offsetting and where we are now. How much needs to help and is by so? You really can't get very far. Ironically when we're talking about travel without coming across a very difficult brick wall I know this is the lady bird version of environmental issues but reminded y need to decarbonised. Oh so yeah so we are in. The era of climate crisis is not the only crisis that's affecting the bias fairs. We call the planet We also in the age of extinction. loss say rapid extinction loss of species. And we've got lots of different pressures. So the oceans absorbed ninety percent of of heat and a report came out a couple of weeks ago so that was in January February and it was irreputable evidence that the planet is is is warming because you can test the atmosphere will time. There's lots of different factors which might account for the heating when it comes to the oceans that is a controlled experiment ladies and gentlemen and we had the hottest oceans on record since records began and it is equivalent to exploding thousands of Hiroshima bombs in the ocean. That's the amount of energy and he is now in the ocean and this affects all sorts of things so for people in the UK who only really like one sort of fish which is called it means that if the oceans warm around the UK the COD will swim off to colder climes. And they all go to the Baltic states and we can't get any cards so it has a knock-on effects like that but it is proof incontrovertible evidence that the world is warming and a warming world brings with it a lot of problems including higher incidences of diseases oceans rising icecaps melting fires that burn hotter and are more widespread as we've seen in Australia etc etc etc so Greta Thambo says this so I'm GonNa say it but but if you were saying it I by the way she seems to have a wide for you have a great plot has exploded but you you were saying say funny because it's almost anniversary of me-meeting Greta Thornburg in Davos upper mountain and I said to my friend. This is absolutely legendary this point while. I don't think she's going to catch them did you. My friend resigned. I don't know I think she might anyway like two days later. Thirty two thousand kids marched in Belgium for Friday's for the future though is already regretting. Why statement and she just seems so as literally. Mitch Leigh Small. Once more young men conscious actually small. She's actually small and she's very softly spoken very unassuming and yeah. I mean what a presence will an accident force and I really care myself. I squandered that did you. Did you feel something around are no? That sounds ridiculous but people that I've got that power to to have an impact on so many people often do when they walk into the room. Yeah think so. I think I was just being very defensive about what this kid you know. I've been doing this for. Aj's join the queue. Hello but I also now you'll court so you were just about to court for a minute. Yes she's incredibly powerful force and she. I remember her face and her being rather than another thing. That's quite disarming if you spend time around High Profile people with this charisma that quite jazz Hans. She's not just handsome toll so I think I just took a while to understand what she was bringing But she's very very good and what I was going to save it. She says a lot of people. Ask Me and when is the climate crisis going to be over? It's not a moment. It is an era. This is the reality so once you accept that of the reality the climate era. What are you going to do about it? But we can't we can't. We're not GONNA stop traveling. People are not going to stop traveling for fun for work. The world is a very a much smaller place. You might say well people might have to but look what's happened this week. The Corona virus so. This plane's not taking off from China China is basically closed. Which is so. They'll be kind of carbon win for that in a way because they'll be some fear emissions. We're in a numbers game now. So you go to you. Go to look at these things but you know there's an example very very recently where we might say. We're not going to travel. But actually you're not gonNA travel so there's a number scenarios that might happen where you went to travel so what's difficult. The moment is that it's just all on us making the decision not to travel and you may have children who are very inspired by Greta. You might be parents. Have I inspired by Greta? Making a decision to take a train journey instead of Dumping on the plane and these are really interesting. Personal kind of points of maneuver and negotiation at the moment within families and stuff like that and it will be very interesting to see how the travel industry which. I'm sure I shouldn't talk about as if it's a big homogenized thing 'cause I know it's very nuanced different parts of it but they've got to kind of surf this weird moment with us really and we have got to come up with more inventive products. We've got to come up with more different ways of doing things we've got to look at some tough

UK Easyjet Greta Cambridge Institute For Sustai Mitch Leigh Small Greta Thornburg Greta Thambo Davos Baltic Belgium AJ China China Australia
Trump rule could lead to big Medicaid cuts, governors warn

The Majority Report with Sam Seder

10:40 min | 1 year ago

Trump rule could lead to big Medicaid cuts, governors warn

"Tell folks what has happened in terms of Medicaid in particular. I guess let's start way the way you did. What are the proposed cuts to Medicare that the trump administration the station has been talking about the proposed cuts to Medicare You know I think it started with their rollout of increased privatization of Medicare with increasing Medicare advantage. uh-huh Plans Kober last year in the lakes and Florida Trump you know reported in Vanity Fair that he said it would be fun. Second Term Project to cut Medicare and then in a couple of weeks ago now in Davos Switzerland he was talking. NCNB CNBC and he said Yesterday the fact that would be on the table cutting cutting Medicare in those social security and he said that would be the easiest thing to do very strange choice of words. So that's kind of the Medicare and that's what I started with. That's why I was in Des Moines that day with the committee to protect Medicare talking about these possible Medicare cuts with you know doctors from Iowa that join me for a press conference One Press When one member of the press showed up at that press conference now you know a little bit more of the presses is listening to the line that we're calling out at my committee about these proposed cuts it's And then you know because of the news of the day. Last Thursday was Davis encounter occurred in that was the day that Seema Verma the cms administrator for trump mm rolled out these Block grant Waiver proposal. That you know everyone I can see. That is talking about this. In an honest this way tells us this will cut folks from Medicaid. Okay and so tell us. CMS The centers for Medicare and Medicaid Services when they roll out this proposal are they actually just basically introducing. They're they're basically announcing that you can you as a state Can apply for a waiver. Is that right right. Apply for a waiver. Currently Medicaid is funded by the federal government on a kind of a per person per need basis. So you know. For instance when there's a recession and more people lose jobs and more people qualify for Medicaid. The federal share of spending on healthcare for those folks will go up because of course they need that you know people with diabetes if they have a job or they lose their jobs to no fault of their own still. Have they still need three hundred dollars a month insulin slim so with block grant States could say listen Why don't you just give us a lump sum of money? And then let us in the where he used was innovate let us innovate. Ah figure out how to cover anyone cover everyone but you know if the needs go up in our state. We still get that that pot of money that you're giving us it doesn't change and yet our needs go up so more people lose out the other thing they can do is choose to cut certain services they can you know cut certain drugs that are that are. Currently they covered up a prescription drug benefit under Medicaid. So I mean I mean it is just cut. There's no way around it. And there's no way that pence didn't understand that Seema. Burma used to be his Medicaid Administrator in the state of Indiana when he was governor there so this has been a conservative dream for for ages decades thirty years. They've been trying Graham. They've been trying to block grant and and so. There's there's like you say there's multiple problems that come with the block. Granting one is that it does not act as that economic stabiliser in other words doesn't doesn't Basically expand as the the need gets greater in crises. It also does not a increase along with the cost of medicine and And like you say the states can get sort of clever because the federal government has basically said I mean this is the difference between just sort of you know me me giving ten bucks to my kid and saying you know do whatever you want with it as opposed to making sure that she spends it on you know not on on junk food or whatever it is and and she can then go out and basically spend five bucks on the. I want to keep this metaphor too much but the idea is that they can use this money in other ways that I really don't have anything to do with providing health insurance for people right and my governor is Governor Gretchen. Whitmer who gave you know. I thought an amazing response to the state of the Union last night and I was there and we talked beforehand. And she's she helped. Uh sure in expanded Medicaid under the affordable care act when she was the minority leader of the State Senate here in Michigan and got a Republican governor to expand Medicaid. And we've had you know. Nearly three three quarters of million folks in Michigan Benefit from that Their study I think Carter. Kaiser family reported recently specifically Michigan showing the economic economic benefits of expanded Medicaid. The fear was that the federal government was going to give them a hundred percent in the first year and then scaled back to I think ninety percent of eventually by next year and the reality is even though the federal share has scaled back because people are healthier because they can afford treating their chronic illnesses. They can work more they. The actual tax base has increased. I think thirty thousand jobs in Michigan created directly resulted expanded Medicaid. So I you know this is. It just doesn't make sense to me that they try and and I think that's why he dodged the question and tried to revert back to things he did. And and then eventually just said agree to disagree because He knows what it is they. They held him what it is and they know if they say what it is. People won't like it you know. It's an election year. They're trying to get reelected so they just say whatever they want they lie will and state of the Union almost solely healthcare allies again about every other aspect of healthcare. And you know I think they just say what they want they get away with it. He just wasn't expecting to meet up with a guy in tyner who you know. I mean again. I don't know this issue like a policy. Wonk I mean I just I have a biology degree in a medical degree and I work clinically as a doc but I read you know and I and I try to learn as much as I can and so you know with my limited understanding of these policies he just. He wasn't ready for that one briefed them known gave them talking points. And I think that's. That's that's what we saw unfold. Yeah he did look like a deer in the headlights and we did try to dance around it quite a bit. You were pretty easy. Road brought in on them pretty quickly I think as he tried to sort of pretend like he didn't understand what you said the first thing. It just didn't that first exchange where you said. You're going to get cuts and Medicaid. 'cause I don't think we're GONNA do cuts in Medicare and so we'll give us. I mean So you know firsthand. The implications of this expanded Medicaid and and and I WANNA get into that as just your experiences as as an emergency doctor but I also get the sense. You're on this You're you're you're you're executive director of this committee you're in Iowa so you're aware at at least some of the you know the broader politics involved in this. Where would you anticipate what states or at least you know if not specific ones than the profile of the states eight? That are going to be applying for this waiver. I mean presumably the thirteen states. Now that did not expand Medicaid under the affordable. Care Act. I would imagine would be a prime targets or prime applicants to get this waiver. Because they're going to continue you. Say we're going to expand medicaid. They certainly are interested in dismantling it as much as they can right. I think that and I think you know anywhere that there is a Republican And I guess I have to. I don't know the nuances of the directive if it's if it's an executive decision at the state level or if it requires you know something passing through their houses so we have enough house majority Republican state legislatures plus governorships. In this country that I I mean I think that would be the profile. You know certainly because those will be the places where you know folks are more likely to be in charge that share vice president pence views on you know on Medicaid in general in a and and whether or not we should be helping out poor people when it comes to healthcare That that is that's the fear now. And why should we in Michigan you you know. Why should we in Michigan? Have a different set of. I mean the whole healthcare system. So Patchwork in Hodgepodge if you WANNA call it a system a series of systems. But it's so patrick work anyways I mean I guess why should this be any different. Let's let certain states do one thing and others do the other. And if you just happen to be born in Michigan versus Alabama. Well you know good on you right Well there's so much in our society today that's determined that way it's all just a coin toss and met. I guess maybe a bunch of coins get tossed in the air. What now? There's a vote tomorrow in the house. I Don I imagine you're familiar with it. And what the what the vote is is it's under the The CRA which has been used in the past to see the Congressional Review Act. It's been used in the past undo executive the actions that have been done within a certain timeframe and the Republicans did this with a bunch of executive actions by Obama and then once they do that once they pass that to reinstitute any type of rule like that Congress has to has to authorize it with a two thirds vote right so this is like this is a this is a real this is a sledgehammer as it were and they're going to. They're going to vote on this in the house and they will probably pass yes it which would not allow the president to block grant but then it goes to the Senate and the Republicans are sure to shoot it down. How do you think this plays as has a An issue in the fall when you have a half dozen or so Republican senators running in sort of purple states on their refuse their essential like voting to allow for cuts and Medicaid right. Yeah and I and I kind of anxious to see what folks looks like Like Collins I mean she seems the only one in the purple state that I think might make along with this I think you know tell us and and MC sally the and who is a gardener I think is already toast You know maybe Joni Ernst I don't know Yeah I mean I think at least I mean the thing is having having gone record. I mean that's That's I think that's all that's what we're trying to do as a committee. I mean what we're what we're rolling out over. The next. Several months is is an accountability campaign.

Medicaid Medicare Michigan Federal Government Medicaid Administrator Iowa Executive Des Moines Davos Cnbc Diabetes Switzerland Seema Verma Cms Administrator Florida Vanity Fair Joni Ernst CRA Davis
Proposed federal law seeks to limit skyrocketing salaries of college coaches

The Paul Finebaum Show

10:06 min | 1 year ago

Proposed federal law seeks to limit skyrocketing salaries of college coaches

"Well anyway. I I call one of your stories. He's just week. We're talking about salaries and congress trying to put a cap on things and you. Did I think a an amazing. I don't know how you doug all this up. A deep dive live into the evolution of coaching salaries. Take us through that process. Yeah I one of the one of the most interesting thing about college. Football is how in twenty twenty I guess in our in our myopic nature point twenty we think that we all have these like little arguments novel discussion Russia. We've been doing this thing for one hundred fifty years at this point in time there are quite a bit of things that just are not new and some of that is complaining about too many bowl games but another one of those things is talking about how coaching salaries are way too high. I mean it's it's it has quite literally almost almost always been like this. I mean Amos Alonzo Stagg at Chicago making six thousand dollars in eighteen eighteen ninety two now I went back and use the consumer price report and price some of these salaries out in you know twenty eighteen at the time buying power. And you know. That's six thousand dollars. Amazon does stag was making then was worth like a hundred and sixty thousand dollars back in eighteen. Ninety two there has always been this separation between what highly paid college. Football coaches made Versus what the Common Man Colombian mix. You know I'll I'll bring it to your audience and hit them home like bear Bryant when he's doing. Brian show that that famous Sunday highlight show That that became formative so formative for a lot of Alabama fans. He wasn't doing that just out of the good report he was because he was getting paid there Bryan getting in pay. That's why I thought he. I thought you said he was a benevolent. So I believe you remember this because you weren't born but he also had to Eat the potato chips and drink cocoa which by the way had bourbon in it. Yes absolutely I mean like bear. Bryant was Bear Bryant was cheering the back right now. Yeah so I find it amazing we we. We had a professor on earlier who who was very much a part of the Donna? Shalala Team Wanting to limit coaching Ching salaries so When did they make the big turn? When did they start going? I mean as as some of the critics say out of control to me. It really doesn't matter what any of these guys make but TAKE A. When was the big turn? I think they really and truly exploded in the nineteen eighties because in the nineteen eighties. That's when that Supreme Court hate happened with like Georgia Oklahoma and you know they got. TV rights You know they divorced the TV rights from the NCAA and schools colleges then became able to go. She ate television rights As entertaining defended themselves. Obviously than we get into the CFO era and BCS. And what we have now where the SEC. Disperse what was it. Six hundred and fifty some odd the million dollars yesterday give or take a few million yeah To all fourteen member schools. I mean look. The bedrock of this cannot be overstated. The bedrock bedrock of this is this when you as an Athletic Department at Florida Alabama at Lsu is Florida state when you do not have to pay your labor force when you do not have to compensate you or athletes. That money has to go somewhere now. That money goes to beyond coaching salaries. I mean that's the facilities race that is everything. Everything that makes these college will programs at opulent as they can be obviously a really really big part of the PIE now. Is Coaching salaries. Now Coaching coaching salaries the early eighties. That's stuff starts to get reported. That's my really really starts coming into Coming into the sport in a way that it had really really before that By the time you get through the mid nineties Florida's paying Steve Spurrier the one of the first billion dollar contracts so that he doesn't jump to the NFL at that time honestly the NFL itself explodes. You've got that competition. So it's it's the competition that that spurs in any industry the street Salaries and money and will lose those things but the early eighties. I think is where we can really pinpoint when college athletics kind of started growing up from a from a fiscal standpoint talking to Richard Johnson from a better society in now we all know what is going on. I'm interested where were you. Were you sit on this. Because the the so called Donna. Shalala proposal We heard Professor Ridpath on this would would curtail a lot of things I find find. It somewhat amusing chancellors and presidents at Private Schools More so than public schools making. I'm five six million dollars a year We have an offensive and defensive coordinator is making major seven figure salaries I know is a highly paid journalists. Where we're we're are you on what Shola is is attempting to to do at least down one lane in Congress right. I think you have a good point. the the facilities boom and the salary boom of coaches collect directors and the things that we coach Sports Mirror. That of what we see on the institutional side at a lot of these verses and I think that is one thing thing that really gets lost you know like you said like g Foreign President of like West Virginia. Like these guys make guys and girls make six figures seven figures. There is a lot of money in higher education in the United States at the highest levels. college athletics is it is not an outlander But like studies have shown time and time again going back thirty forty fifty years that when your football all team is good when your basketball team is good It becomes you know they always say that is the front porch of the university. Admissions skyrocket when athletics. Do well and that is. Why a lot of these University of course than anything else I think? Put Up with and we'll pay out the nose for Nick Sabin or Jim Harbaugh or a Davos. We or whatever I think the dirty secret is is the weight from Ro a lot of these endowments in some of these very popular. Schools would shrink a lot more than people wanNA realize. No I mean just look around. I mean boone pickens. She died recently. I mean the the amount of money that he put into Oklahoma state and I don't I don't mean to disparage Oklahoma state in stillwater Oklahoma. Oh my been there. And if you haven't Richard Make sure that you put that on your bucket list. Wouldn't it wouldn't have had that type of money And and a lot of these Jerry Jones. He's given to the University of Arkansas. You can go down the list And I mean and it's because of one thing we're trying to win in in in college football or basketball depending on on on where you live and what part of the country you're in. Yeah absolutely I saw a stew. MANDL's works in the for pretty athletic. He He has a college pat column and somebody asked him Ten million dollars. What would you do with it to build a staff? And I look the question and I was like look man if you WANNA compete with Alabama Lsu Clemson Oklahoma Ohio state. You need more your salary. You Pool has to be bigger than ten million dollars. I mean on on its face. You'RE GONNA have to pay a coach at that level. Five five and a half six six billion dollars. You'RE GONNA have to pay your coordinators eight hundred nine hundred thousand dollars because Dave Aranda was was pulling such a salaried Lsu a few atmosphere necessarily because he was such town defensive coordinator which he is but it was because one opinions coordinator so that the only job job they'll leave for is a G. Five or or power five kids coaching job. It's got bulletproof coordinators. I WANNA lose them. I don't want to take collateral. If they leave me they gotta take step up so okay. You're paying both your coordinators Like one point eight billion dollars between the two. That's like eight million dollars. Just gone to the head coach in coordinators. Now you're in another like five million dollars higher director staff your eight assistant coaches which is all right. That's your ten assistant coaches You want to compete with Georgia Alabama. All right we'll have a party because you have to fill out the rest of those staffs with analysts. We assist tense You know you gotTa have a staff of three saw guys kind of the shadow. Coaching staff that that Alabama kind of those famous or infamous. No matter how how are depending on which by the fence you went on but You know it takes money to keep up with the Joneses and it takes a lot of line really want we national championship. Always great to have you on Richard other than chicken. What's the what's the second most favorite food that you'll be serving the super bowl party Sunday lady a friend is bringing some guacamole? She'll be homemade guacamole. I'm not a big block fan but you know you know how this you gotta try say like it. So that'll that'll it'll be my My side dish. I cannot wait I if I'm in the neighborhood I'll just drop Bil- bring some bring bring a some some fruit cake leftover from Christmas. I couldn't give away Gringa fruitcake. Brings some cold ones man. I'll have seat for you right on the couch next to meatball. Thank you great. Great to talk to you again come back soon. Have you

Oklahoma Bear Bryant Alabama Football Florida Street Salaries LSU Defensive Coordinator Richard Johnson Donna Congress Doug Private Schools SEC Ncaa PIE Alonzo Stagg Boone Pickens
"davos" Discussed on Yahoo Finance Presents

Yahoo Finance Presents

15:57 min | 1 year ago

"davos" Discussed on Yahoo Finance Presents

"Middle of the road candidate would probably be the best shot at potentially shortly which is going to be a very difficult cam. Regardless of having the best shot of ultimately winning the election in two thousand twenty would be the best person though to keep the bull the market running and to keep the economy growing. Listen as we know. Presidents are play an important role. But they're not God as we all know markets let's go up and markets go down economies speed up and economy slowdown so no president. Neither Democrat nor Republican should should overplay their hand. We should not fields fields because the stock. Market's going up. Everyone should get the the the Kudos for and when the market goes down. They don't necessarily get the plan for it. We have to be really bounce as voters as and as citizens of we've just come off and still in a middle of the best economic time we've had in a decade. This will slow down at some point. So Oh listen. WHO's the right person who is the right president that's for the voters decide But ultimately the president probably doesn't have as much to do about the the direction of the economy as the economy itself does all right. We'll leave it there. Tom Neither Morgan Stanley managing director Vice Chairman. Thanks so much for stopping by. Thank you for joining us now. Is Anthony SCARAMUCCI. He is the founder of Skybridge capital former White House. Communications director great to have you here. It's great to be here. You've got a beautiful set beautiful. Here's a great night thank you. We tried it. We we aim to please she. You've been doing when this for a Lotta years coming coming to four. But WHO's counting I'm curious about lying about my thrown by third year. No our team. What I mean you've been talking to a lot of people go into panels on panels? What are people thinking about President and trump are? They warming up to him are they embracing him more than they did. Two years ago when he short wrote a article for the New York Times. I think I think what's happened. Is He's abnormal. He Acts Abnormal. He says abnormal things. He tweets abnormal things. He bullies private citizens. He has a bellicosity of rhetoric shocking. For an American president. And so what's happened. Is the bell. Curve of normalcy has shifted and the people here the delegates here of of accepted some hyper normalization. So it's it's like if you have a crazy uncle. He's acting crazy. You're at the dinner table and you're trying to ignore some of the things he sang and hope that the spasm of crazy goes away. But it's not going away and so that's the big issue so I take great solace in the following thing that about eighty five percent of these delegates are holding their nose and are embracing him mm-hmm and are telling each other he's GonNa get re-elected and so that gives me great confidence that he's not going to be reelected because the consensus here is generally wrong I sat in and One meeting after the next two thousand seven where I was told that we had limitless growth and Dick fall here. Co Lehman Brothers. At the time and the the opportunity for the turn on equity for investments banks was Unheralded there was gonna be the only thing we were worried about is a potential soft landing in China in two thousand seven and so the world rolled off the cliff. Eighteen short months later and so so. Trump is a demagogue and so- demagoguery. If you really studied it has a life expectancy of about four to five five years. So we're in the four and a half year period of this demagoguery and so when Joe McCarthy's demagoguery ended there were many great political leaders. Said my guy why I did Nice Beka. Why didn't I recognize the idiocy of this? Why did they not recognize what this person was doing? The great institutions of our country. And so so I'm hoping that we'll find virtuous men and women in the Republican Party that will speak up They may not do it here at this impeachment. But he'll likely be impeached again. Just like general. Kelly said he would be because he's a moral and he surrounded himself with sick in office will remain in office likely. I still think there's outside chance here that he will not be the Republican nominee. Yeah I think there's just so much lawless activity around him and so many things that are under investigation right. Now that it's it's not one hundred percent clear that will be here in Davos. They you say he's going to be in here in Davos. This is going to be reelected so so that that will be a wrong assumption by these people right so you think that the Democrats will coalesce around a candidate the date that will receive enough support to defeat him in November. I mean that's asset pickup from four to five percent of the Republicans and they're gonNA pick up about eighty five percent the moderates and the independence and so The Path to the presidency is gonNA come through Michigan. Wisconsin and Pennsylvania trump looks reasonably strong in those areas and I'm very objective about about it. But he won't look reasonably strong by November once they coalesce around one candidate isn't having said that if they pick up Jeremy or Janney Corbin Right that would be Elizabeth Warren and Bernie Sanders. The Jan Jan Jenny. Jeremy Corbyn of America isn't it all holding their nose. A lot of Americans are probably going to do that to anthony. Because how's the economy so strong right. I mean isn't that that's just a huge chip in his favor right and it doesn't look like the economy's going to fall off the real strong but you look at the wage. That is carefully as I do. And the good news for the bottom ten percent. The wages are up but the bad news for the middle class wages in America. They're actually down over the last three years and the income gap is actually widened in the last three years. And so you and I may not feel it. We're sitting here in this beautiful solarium in Davos but I can tell you the people I grew up with it. I think the people I grew up with say you know I haven't really gotten anything out of the trump experience particularly in these blue states where they took away their tax deductions. And so so. Maybe maybe maybe right people will vote The stock market and maybe their 401K is more valuable to them to the sacredness of their constitution. Maybe that's the case at this point in our history. Maybe it isn't so let me put it this way with those numbers. Those economic vital signs At sixty or sixty five percent but he's missile locked at forty two because people hate them right. So then. Who Do you think has what it takes to take him on to is relief? Lindbergh could beat them by Bloomberg money. Might we're going to handle a bully. Mike Bloomberg's a great business leader. Mike Bloomberg has the technical skill said and the street-smart skill set to beat them. I know people think Joe Biden can't beat them but Joe Biden can beat them Because Joe Biden's tough and look at what Joe Biden has done here in the Democratic Party. He has stayed as the proverbial front runner. He's staying in their Joe. Biden wins and South Carolina Carolina. He's got a lot of support from the African American community. He could roll into Super Tuesday with a big advantage. And Yeah he stutters a little bit. Some Americans once in a while when the cameras hammers in front of them they missed the words once in a while they identify within the common common person he grew up in my dad's hometown scranton. PA and and they like them in Pennsylvania so he could beat trump in Pennsylvania. Another just gotTa be trump in Michigan or Wisconsin and then he wins the election. Would you support him or Bloomberg. Let's see what happens. I mean I'm. I'm hoping to support the Republican candidate hoping candidate won't be hit Donald Trump. Would that be would be pants or you know. Look I mean or somebody somebody. There'd be a primary process Nikki. Haley listen Lyndon Johnson left in March. It looked at the landscape. You said this is not going to work for me. And he left in March people. People forget that are coming to the race until after the New Hampshire primary once doozy mcchord the blistered Lyndon Johnson And then you remember a couple of guys turn on trump. They were turning on them with the sole mainly strike. You know whether it was Tucker Carlson or they were but you'll never get off the dime. I mean you you know those meetings Walter Cronkite got back from Vietnam he said. Hey man this is an unwinnable war and Lyndon Johnson turned off the TV in the Oval Office and said we we gotta get out of this thing. We just lost the most trusted person in America. so He's lost parts of Fox News. He may have a firewall. And Sean Hannity. I know Sean a long time. He could be unbreakable but trump is so unstable and he so erratic and he does so many unpredictable things. And if and if Sean would invite me back on the air are we could have real. Vigorous debate about what conservatism is. Because we've exploded the deficit we've got two and a half trillion dollars that we've added the deficit He acts in a manner that that is absolutely bizarre. It's against the conservative principles. And he's doing something to America that you you and I don't like your journal so you're not going to admit that you don't like it but put the people run America Voltaire said. Tell me who I cannot criticize and then I will tell you who runs the state you know runs our state. The people these people people are journalists. Could these people are there to serve. They are not there to rule. Yeah let's say so he's become an American Oil Gore defeated. But let me ask you. I mean you have to. We have a kind of love hate relationship where you still communicate with the president. Have you completely broken the present. You're not talking to anymore. I don't talk to many where he said. Call them a thousand times just more more of his life. But here's what happens. Everybody but it is so he never call them back. Call him twice since Easter Sunday. So I don't know what he was talking about okay and the other is. I called him as a joke joke current and was off the air on Squawk box and they asked me to see if we could get him to call in a right. They wanted a ratings boost plus over how it works you start out disliking the guy. Okay which I did in two thousand fifteen. Then you're like okay. Let me figure out a way to like the guy. Okay that's what Lindsey Graham is right. Now he started out disliking them and then you go into the Ark of liking him and then you end up over here where you dislike them. Make that decision human weakness The attraction to the idea that there was a blue collar person and that the president-elect of the United States asked me to do a job for him My wife was Super Mad at me. She told me not to do it. She disliked him through. Regret almost got a divorce. I don't regret it. No because the opportunity to serve my country is something. I don't regret the mistakes that I made on the job. I'm fully accountable for never never blamed anybody else for my firing And I stayed loyal to the president after I was fired. No one could make the claim that.

president Donald Trump Joe Biden America Davos Lyndon Johnson Bloomberg Anthony SCARAMUCCI Michigan Mike Bloomberg Pennsylvania Wisconsin Joe McCarthy Sean Hannity New York Times Tom Neither Jeremy Corbyn Republican Party director Vice Chairman Lindsey Graham
We Are Celebrating Kobe Bryants #GirlDad Legacy

Yes, Girl!

09:55 min | 1 year ago

We Are Celebrating Kobe Bryants #GirlDad Legacy

"I I'll be honest. It's been a rough week. I've lost a bit of my spirit right now. We understand We're all learning learning about the news of Kobe. Bryant and his daughter who's donating he The seven other passengers and that Sunday was a horrible as a whole is really bad and we know everybody is hurting everyone I think honestly I think the the world is shocked especially Los Angeles. You know Peres Kobe's family his ways all of their families really everyone family. There's a lot of loss but there seems to be some love and gratitude. That's been bubbling. Blaine that you I noticed. Yes so we were looking and you know all the journalists. During their due diligence we know what journalists do. They were finding older clips of Kobe. Talking about being a father you know being a man loving his family and one of them that emerged. He's someone's did you ever WanNa boy because you know. He was the proud father of four girls and he was like you know. I'M A girl dead. All the way and the girl that movement has happened bothers all over the Internet. Ah from every race. Every corner of the world are proudly proclaiming girl. DADS fathers of girls just for clarity bothers. Girls groner young are posting the images. And how they are to be grow father and I quit. I have to say we needed this moment. Because as I was thinking about this you know definitely And I say this on the episode that we have in the weeds of covering it like you said You know the notes and the nuts and bolts but also legacy of Kobe But what has been really beautiful and I think it was your post on the one. You did on dedicated just to his relationship with G. G. and I started thinking about how we're going to broach conversation station this week and you know realize that we have a girl debt right here amongst us right in the office right in the office so while we were daughters four daughters. This someone we've been trying to talk to like you said we just wanted his business. His business masterclass. We decided to talk to our essence ventures founder and chair Richard Dennis tennis about being a Gerlad. Yep Proud data four girls and he's married four daughters ages twenty five to nine so he he knows a few you think And you know as a dis girl you guys know you often hear me talk about my relationship my father but you know I just can't stop looking at these images of Koby and Jonah and the thing that it's hard to find anything to feel good about but I was telling corey the part that I keep thinking his. He died doing what he loved. The most which is being an easing. Yep and if you gotta go let it be doing something you love with the people that you love and the fact that he was with his daughter being a coach and a father other supporting her supporting her friends. Yeah exactly and I have to say To all the amazing black fathers out there any amazing father's period. Yeah you know we see you. Thank you and this conversation. Today is my father's yet but it was time to have this conversation. Just talk about what it means to be the father of a daughter order so up next our conversation with richly Dennis and please after you listen guys Hashtag escrow. podcast tells about your girl that if you are girl dad just what you felt listening to the conversation and just what you feel about raising daughters. Let's talk about it so Charlie Pin Corey. We are coming together under different circumstances this week. It's been a rough week very sad Um as you know and as our listeners know we're all dealing with the sudden passing of the Great Kobe Bryant and and his daughter plus seven other passengers that died in a helicopter crash on Sunday But as you and I we've been deep the weeds covering it And the thing that I thought was most beautiful and this is not about social following social traffic. You did a story just on on the fact that when it was confirmed that his daughter was in the playing with him and they're behind and their bonds. And everyone's you know start talking about that and we sorry thinking like we've got to talk to a dad how they feel dad of daughters and how they feel about that and last night we would like Ritu Dennis the essence ventures founder and chair. And Not because you were easy to get to but it makes it made sense because you have four daughters ages twenty five nine Mr Richard Loud Girl Dad. We spent every day. I had the pleasure of getting to know some of your daughters here. They have their own podcast. Girls United shout out there with a walk into the shower at. We'll thank you thanks for. Thanks for thinking man inviting me me. You know it's Having having daughters In the world that we live in and the challenges that we go through the community but more specifically the challenges at Women go through in this society and raising women to not be afraid of what they face to not to not feel overwhelmed by what they faced. Raced to to actually be empowered by what they face and to and to be able to Look beyond the challenge in C- Eh See how you conquer that challenge has been has been an incredible motivating factor for me in my life in the things that I do. And so The Girl Dad thing Israel Israel that how did you feel. Oh when you heard this news. We're you you know what happened when I heard this news I was actually on a plane. ooh Move I was on a plane back from From Davos and and all. I wanted to do to hug my daughters. All I wanted to do was to hug them. And as soon as I got off the plane I made a beeline aligned to them. And that's that's what I did and And in that moment All the emotions emotions go through you right and all the emotions around what they mean to you what you mean to them but then also so what you must fight together and how and how much stronger you are because you have daughters and how much stronger they are. Because they they have a father that is focused on them overcoming and becoming in conquering and celebrating with them. I'm and living with them. And and seeing them go from infants to now young women and how they flourish in how they grow and the things that they're doing all all of that comes through you and there's there's nothing there's no greater satisfaction in life I can tell you like Kobe You know what's been surfacing now as the clip with the ESPN reporter L.. Dunkin where she asked him wants to. Do you ever want boys so so. Did you ever want boys. You know that I haven't seen that clip but I can tell you I've never wanted for a boy MHM Right I've never I've never wanted for a boy. I think that when you're when you're when you're a I have a sister right. And so you know I thought I would have a a son and a daughter right And then had my first daughter and then I had my second daughter and then had my third daughter and then I had my fourth daughter and I can tell you that there was never a time where where I thought. I hope. This time is a boy or I wish it was a boy or or any of those things right. And there's just something thing when you and I I mean I've never had a son so I don't know but there was something really magical each time. I held one of those babies in my hand. Right right when those young young girls in my hand one of those baby girls in my hand and all the responsibility that I felt right and all the all the commitment commitment that I felt in all the drive that I felt another motivation that I felt because I knew that I'd have partners throughout life in them and that they would have a partner in me throughout life and and that has just driven relationship which is just an amazing? I mean I I I think I have the greatest daughters on the planet as does every other but their minds claiming I think I have the greatest daughters on the planet.

Peres Kobe Kobe Bryant Charlie Pin Corey Founder Ritu Dennis Los Angeles Partner Richard Dennis Israel Dads Blaine Davos Mr Richard G. G. Gerlad Koby Espn Dunkin Jonah Reporter
Starbucks Shuts Stores, Apple Sees Disruptions: Virus Impact

Bloomberg Surveillance

04:28 min | 1 year ago

Starbucks Shuts Stores, Apple Sees Disruptions: Virus Impact

"It is all Stephen will this morning in Hong Kong soon as the staff out to get him vegetables in the morning and he failed yeah you couldn't get vegetables in Hong Kong he just won the anecdotal things you see your family said in a monotone I've got members of the family over in China at the moment how they going day today what they do and their large their fancy there up a skyscraper and they're protected they live work from home and is it is a hormone my son's name is hormone over there is that what we on an afterthought progeny he said there's a lot of other people here that don't get to work on the cushion apartment you know thirty four floors although the sort of lack of foot traffic is heavy says you're in trouble business of fact and I'm really struck by the fact that Starbucks is closed more than two thousand outlets in China have you do that visitor arrivals mainly to have plunged seventy nine percent during this key holidays John I want to go to your observation on United Airlines what really struck me was British air taken what time line out to March in all this morning what's different is are now beginning to see timelines involved and United it just looking at the traffic looking of the bookings incitement to scale back a fast take bookings on that you've got the lights United B. I scanned them back to Lisa's point you've got stop us closing stores you've got Toyota holding production and operations in China until February ninth these are becoming much to output damage the consumption and then also the disruption to supply chains as well apple came out with the radio and the forecast for the coming quarter a white band because when the I'm not they do not know what things look like in China and I don't think anyone does yes CEO Tim cook saying that they're working on alternative sources for the components working a mitigation plans to make up for any expected production loss as they do expect this a coronavirus fought to continue features of twelve we welcome all the global wall street's two things you need to know guess what is John you mentioned it bonds and equities to couple this morning big difference you'll to lower down by two three by several and yet to one sixty three and let's be clear the moving bombs pre dates the corona virus scare the last couple of weeks this is been going since the start of the year you'll to lower your blood when your Slocum's flatter your distance between cities intends right now is just eighteen nineteen basis points and we just take the ten year a one sixty three that's below the fed funds right I guess one but that's on the right out of the federal reserve in the meeting today that's a great point I also want to say that we're seeing is bond you'll never say I agree I say it all the time Tom Kean this you have a great point you just made a great point data could today all right well I will just say this is that the air positive under the couch got that right all right well is that I'm looking right now oil prices actually up which is also non correlated to the bond yields going lower and I think one question is if the fed cuts rate will rates will that be enough given what it would take for them to make that move would that be enough to stay in the rally in and risk assets that we're seeing is Alan Ruskin was saying or not you two are going to be leaving the good life I'll be was scarlet fu doing the fed be it is not that good it's a snooze fest the fed meeting today is a snooze fest with with no hopes of success that's a success with this new system seriously what the new ones for Michael McKee in the press conference look I think the most powerful thing the fed is done in the last twelve months is not even the cuts is the shift to the reaction function effectively telling everyone that if things get worse will be there for you and if things get better we won't cap the upside and stuff hi can again the shift in the reaction function has been really really powerful point one point two there's gonna be a lot of attention on what happens with the bam she we're gonna catch up with the Dudley formally at the New York fed a little bit later on this program in the nine o'clock cat don't miss the conversation because there is a lot of confusion over the balance sheet operation at the fed and there are a lot of people in this market the fed would say mistakenly connecting the balance sheet operation to what was saying in risk assets there's also a feeling as Muhammad Ilarion was saying yesterday that the fed is running out of ammunition that they're sort of ability to continue to boost up both asset prices as well as fat I financial conditions is losing steam at this point and I know that in Davos there are a lot of discussions about potential coordination between fiscal policy makers and politicians which really enter some harassed her just a big distinction their ability to stimulate markets I think at the moment some question given what we've seen in the last twelve months their ability to stimulate economies I think that's why this might get

Stephen Hong Kong
"davos" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

03:34 min | 1 year ago

"davos" Discussed on WNYC 93.9 FM

"To the Swiss ski resort of Davos home of the World Economic Forum the yearly gathering of heads of state and business elite president trump is there even as his Senate impeachment trial goes on in Washington the economist magazine's Patrick fouls the familiar voice on this program is covering Davos greetings from from the snow capped mountains the going into this conference a key focus was going to be governments and companies addressing climate change and investors applying environmental social and governance standards to investments is that Patrick a dominant theme or have trade tensions the clips that they're too big themes one is actually climate change the Europeans the Asians all beginning to envision a world where companies and investors do more to be called an icy cold in the American funds investors orbit will has until March I think the second thing this is a theme that is always the trumpet vacation all trade policy round the world six other countries beginning to mimic the relatively associates policies of the U. S. in several different ways about that's very clear to you president trump was on US television today did an interview and suggested strongly that the U. S. feels Europe has done us wrong on trade and that now that phase one with China is sign he's going to focus his attention toward Europe is Europe ready for this well I think we'll probably behind the scenes is a big argument are you part digital taxes so your phone sounds announced it wants to impose taxes on big tech companies other countries in Europe would like to do you say to you and the U. S. and the treasury almonds and others are pretty pretty angry about this if they manage to resolve stops I I wonder if relations might might remain reasonably calm amounts because it's an election year and that's the China phase one deal showed us president trump is is keen to avoid a big sort of trade upset that the rails the economy the economist magazine's business affairs editor Patrick files in Davos Switzerland thank you very much thanks for having a now here's a number democratic presidential candidate Michael Bloomberg has spent more than two hundred million dollars on advertising in just eight weeks the price of political ads is gone up an average twenty percent across many platforms other candidates may have to adjust years market places Kristin Schwab TV is still the leader in the political advertising market and like any market their supply and demand Steve possibly is vice president of cantor media there's only so much inventory right then you narrow it down to prime inventory you know once you get into those programs that everybody likes no Starsky pretty prohibitive Bloomberg is still introducing himself to voters older voters are more likely to vote in primaries and are more likely to watch TV his focus on TV you could push other candidates to spend more of their ad dollars online says Michael France co director of the Wesleyan media project they're also more places to go for a campaign that is strategically trying to target Bloomberg says even if he doesn't win the primaries will continue running ads against trump and France says Dr inflate the price of adds even more because Bloomberg will be paying more he will get the lower market rates reserved for candidates and that wouldn't just freeze prices for politicians but for any company looking for air time I'm Christian tribe for market place markets the footsie index in London is unchanged at the moment the S..

Davos
"davos" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

05:07 min | 1 year ago

"davos" Discussed on WNYC 93.9 FM

"Happening at Davos this week one of the key themes will be what the organizers are calling stakeholder capitalism that is for businesses to steer their profits not just to stockholders but to other so called stakeholders like workers customers and the environment it is a long term focus that proponents say is also good for business market place's Katong reports this year's Davos includes a manifesto stating that a company should serve all of its stake holders starting with paying workers more Judy Samuelson at the aspen institute's business and society program says things are changing she knows that delta airlines just gave every worker two months of extra pay to share its profits I think we're seeing some great examples of companies that have strong profit sharing plans so whether it's in Dallas or anywhere else we really hope that we're getting to a different kind of conversation about who's contributing and other rewards being really shared still she says ninety percent of corporate profits now go to stockholders and serving stockholders and quarterly earnings has been a dominant corporate model since the eighties but bill George the former CEO of Medtronic says that's rewarded Wall Street at the expense of main street this shareholder only approach has contributed significantly to the income inequality have in this country we shifted from the manufacturing sector to the finance sector in this is hollowed out communities as you know to him a big key is executive compensation paying them for long term results instead of just today stock price he and others argue that it's in company self interested think differently paying workers more can retain them and pouring profits and research can spur innovation in this argument faces a tough crowd in the U. S. says Peter Capelli at the Wharton business school but he says not elsewhere once you leave the US the belief that shareholder value is the prime goal states a lot so when US executives coated Davos and mingle with everybody else you know it's sort of changes the social norms he says one side of change is the American C. E. O. group called the business roundtable last fall called for a more balanced type of capitalism I'm Scott Tom the market place one last bit of news coming out of Davos even though no market places not actually there but the International Monetary Fund today released its updated world economic outlook for twenty twenty and the I MF says prospects for the global economy have deteriorated a bit since its last forecasts which was issued back in October growth is now expected it to come in at three point three percent for the year compared to two point nine percent last year that by the way was the slowest rate since the financial crisis market places Mitchell Hartman has got more on that last year the world economy was dragged down by US tariff threats in the escalating trade war with China by a global manufacturing slump and rising recession risks by early this year central banks to cut interest rates to pump up spending an investment and the US and China had signed a phase one trade deal but Jacob your guard at the Peterson institute warns that getting to a face to deal with China will be much harder and the trump administration could still escalate trade conflicts with our partners in Europe and the Middle East this isn't exactly an optimistic outlook we barely get above three percent for the global economy which used to be recessionary territory ten years ago the I MF identifies several risks going forward geo political tensions between the US and Iran that could disrupt oil supplies and social unrest in places like India Lebanon and she lay in a turbulent world the US he used to be a rock of stability in but it does now become a source of instability economist usual R. Prasad at Cornell says the trump administration has sowed uncertainty by scrapping trade treaties and attacking the World Trade Organization I run a Klay he says that hasn't harmed US financial markets that is the paradox of course that if there is trouble anywhere in the world including in the U. S. people bring their money to the US for safe keeping the IMF predicts the U. S. economy will continue to slow moderately to two percent growth this year Ryan Dietrich at LPL financial points out twenty twenty is an election year and when an incumbent runs for a second term markets tend to rise you have to go all the way back to nineteen forty FDR the last time the S. and P. five hundred actually negative it's about getting reelected putting policies in place to get the stock market higher get the phone me harder there's also the impeachment wild card but Dietrich doesn't think that'll rile markets.

Davos
"davos" Discussed on The Indicator from Planet Money

The Indicator from Planet Money

09:43 min | 2 years ago

"davos" Discussed on The Indicator from Planet Money

"Can I ask is this really a more made snow? It's all there's nothing else to this home gym nothing. There's no cheap not tried. But then you will have to fix it again. This is indicator from planet money, I'm Cardiff Garcia. But you just heard Gregory Warner who's the host of our fellow NPR podcast. Rough translation trying to figure out what was going on with this bar made entirely of snow. Greg's now in the studio with me. No snow here. Sadly, greg. How are ya? Yes. I did not take her up on her to inner suggestion to punch through the veta- snow that Barbados snow was in Davos, Switzerland. Where last week there was the big annual meeting of the world economic form. It's where once a year in January for about a week, the heads of state and multinational CEOs and other big types gathered together to do all kinds of things actually that's what Greg is here to explain to us. How exactly would you explain those to somebody who's never been there? So the official program of devas morning tonight sessions right of interest to this audience. So you'll have something on managing your workforce in the age of robotics. Or how to save the oceans or how would be? Fooled by con artists that was a session that I lead actually NPR session. But behind all that this is actually just a giant networking opportunity for the global lead. Okay. Well, after the break, Greg is gonna tell us about something he observed at the Davos conference surprised him see at the foundation of the Davos meeting is the idea that globalization can be a force for good for prosperity creates wealth and everybody can enjoy and globalization is of course, partly about making commerce and trade in financing between countries go more smoothly right now. A lot of countries are grappling with anti-globalization Senate. So the representatives of each country had a couple of choices to make. I do I show up to this thing or not and second I do show up what on earth? Do I say support for this podcast and the following message? Come from sauna Asana is work management software to help teams organize everything they do. So they can focus on the work that matters. Most try us sonner free for thirty days. Get started at a Asana dot com slash indicator. Support also comes from Yahoo. Finance live, eight hours of free live streaming news without cable or a subscription. Tune in for the news, you need about your money acceptable. Wherever you go. First of all, Greg which world leaders did not show up to those who bailed. Okay. So as we all know, President Trump and his entire delegation pulled out because the government was shut down. But wasn't just Trump. French president Emmanuel Macron Theresa May British Prime minister as well as Justin Trudeau of Canada all did not come in large part because they were dealing with some kind of domestic issues. Right. It's Pacific like an anti global or anti elite sentiment there in their in their country. Wasn't the right time to go to this event for them. Okay. Not nothing. Good in it. Okay. Let's talk about those who did show up and what they had to say. So there was one group who are definitely sort of proudly nationalist, right? They saying nationalism is good. We can't trade with. Others. Those terms are good for us in that camp. I would put newly elected Brazilian president j scenario he gave the opening address at devas, and I would put US secretary of state Mike Pompeo, he despite the shutdown of government did appear at Davos, though, he didn't come himself. He came by video link beamed in on a huge screen in the blue auditorium, eighteen degrees Fahrenheit here in Washington. DC see the Lincoln Memorial to my back. So while I'm not here in person. I at least feel like I'm in Davos, where the weather so there is the secretary kind of warming up the crowd. But you know, when he said things he said things that I think we've all heard before. But felt kind of jarring in the Davos context, like he said nations matter no international body can stand up for people as well as their own leaders can strong borders or Kita strong nations. Definitely a little friction with the, you know, the Davos aesthetic tending via video link also kind of a minimal effort going on there. Oh, brother. Okay. So we heard from we did hear from secretary of state Mike Pompeo from the US who's next to the very next day. Same auditory him China's vice president one to shun took the stage, and he took the opposite tech. Really? He he basically said globalization's good. In fact, he said, you know, you guys you western countries. Will you wanted us to open up and provide cheap labor for your goods, and we did that and that also allowed us to advance? And now our new middle class can be customers for your products. You know, kinda give a textbook pro globalization argument. That's fascinating, by the way. Because at the moment, the US is in a trade war with China. And the main complaint is that China is not play by the globalization rules that incense China has for example in the past tinkered with its currency to make its products cheaper in American products, more expensive and more recently, China has essentially forced US companies to give up their technology to Chinese companies if those US companies. Want to do business in China? So the vice president was actually asked directly about this because secretary of state Mike Pompeo brought up the forcible transfer and the way he responded was not with a denial. It was with a fable delis a story of a devil and demon. So when the devil is eight inches tall and the demand might be ten inches toll. Okay. I'm I'm hooked like I'm in. I'm curious. So the translation of the devil in the demon kind of got us confused. I called my colleague Jess Jiang at a rough translation podcast. She is fluent in Mandarin. She explained that this is a reference that traces back to a famous line in in a classic Chinese novel. And the line basically says that the bad will always sort of stand taller than the good. So won't you Sean, the the vice president used that line to make this analogy two policemen and thieves so this is like the relationship between the thief and the policemen. And remember he's answering a question about China's theft of America. Intellectual property, sixty percent of the thieves if they could be caught and things stolen could be recovered than we'll have significantly fewer thieves. But if there are no Steve at all, I believe that will be too good to be true, Greg. What's he saying? I mean, it sounds to me like what he's saying. Is you can't stop all every and for the US demand that is not going to happen. And those trade talks, of course, happening this week. So those are sort of setting the negotiation terms, but also what he's saying is that we don't have to follow Washington's rules on this your trading with us. We do what's good for our innovation? What you define his theory. We might define as something's beneficial for an opportunity for progress. Right. Okay. So that is so that's China who's next. So here's Shinzo obey prime minister of Japan. He emphasizes something different. He says he wants there to be strong economic growth. He's very pro-trade pro globalization. But he tells the. Globalization in Japan that's going to be good for lots of Japanese workers. The rate of female labor participation has hit sixty seven percent. An all time high for Japan and higher than say in the US. Interesting. He quite pointedly says higher than in the US. Yeah. And you heard the audience laughing at that. I think one thing about Deva's year was that a lot of the leaders were trying to show how they're capitalism is different than the United States. It's not subject to some of the ills that America other western countries are experiencing because of globalization, like income inequality, and even German Chancellor Angela Merkel was saying, well, even Germany's capitalism is different than Americans are trying to because they care data privacy or New Zealand's descendant ardor n-, the youngest female head of state in the world was saying will, you know, her government is gonna start caring about the well-being of its citizens. All these ways in which they're saying, yes, we wanna be globalized that we wanna be pro-trade. But we don't wanna look like some of the western countries that are suffering from that. Yeah. In greg. What was your sort of big takeaway from the meeting because it sounded like rather than trying to make globalization work better between? Countries. A lot of these representatives were sense just there to boast that their approach to globalization was the right one for them. I think we are in this odd moment right now that the leaders were responding to where there is a ton of anti-globalists sentiment or anti globalization sentiment in one point that Klaus shop the head of the World Economic Forum made in his opening remarks was that difference between globalization globalism. So globalization means that we're all connected by technology and business, you could argue there's no turning that back, but globalism means that you're going to be beholden to a world order as opposed to a national one. And that's something that I would say everybody's trying to run away from. They don't wanna be dirty loveless. Great warner. Thanks, man. Thank you. Thanks again to Greg Warner of the rough translation odd cast. That's also an NPR podcast. And it's about how the conversations that we have here in the US sound a little bit different. And in some cases, not so different. In other parts of the world is episode of the indicator was produced by Constanza yard, edited by Patty Hirsch, and the indicator is a production of NPR.

Greg Warner US Davos China vice president Mike Pompeo NPR Japan Washington Gregory Warner Cardiff Garcia President Trump America Switzerland warner Barbados Yahoo DC
"davos" Discussed on Game of Thrones The Podcast

Game of Thrones The Podcast

03:50 min | 2 years ago

"davos" Discussed on Game of Thrones The Podcast

"Could have saved them and i wonder how much of this stainless believes i guess a good chunk of it yeah because he's willing to davos in the dungeon yeah and there's a look they specifically linger on status when she says you know but i wasn't there because you convince kingly behind and they show status and he's like yup right because he believes he believes in a large part of her power and she's demonstrated enough that it's it starts to make sense of them but the final jab where she says when i told you son was true fires the cleanest debt almost like she prophesied it just makes da da vos lose off as cool in each is the he tries to make good on his threat to cut her heart out and those guards are in their top him it's interesting there's no hesitation did they from the way a his buddy salad or sane was was talking like maybe some of his men would be like not on board but i guess the ones that aren't burnt probably are pretty thick in the religion yeah yeah i think seeing your comrades burn would probably change your mind pretty quickly you wonder like in the campfires around like the remaining men that are still loyal to stay in like how many people are saying boy if we had you know we had the red lady with us this happened yeah and it's really easy to you know talk about hindsight right like oh you know what if what if i was there right who knows what would have happened right we go onto joffrey and marjorie being transported through the city marjorie stops to visit with the orphaned children she tells them at their father's nights and spirit because they fought to save the city and promises they'll take care of them with food homes and clothing and when they return to castle they have dinner with certainty who warns her that she could have been killed by the people of flea bottom i think bottom yeah marjorie insists it's her duty to use their bountiful harvest to feed the starving citizens but search is unimpressed i think it's the contrast between joffrey and marjorie and how deathly she's playing him is funny like you see start off when we're inside joffrey litter and he's got his little rag hold onto his nose because all my god these people are just garbage people and they stink in low there shitting in the streets on my god and marge gets out and flounces of their dress through this big ship puddle and doesn't care and she's effortlessly bonding with these these children and she's telling the septa to come directly to her like she's she is she's she's being his human half like the start to like maybe maybe this list of actually worked as political lines of work joffrey is a complete garbage human being but you know marge's is is got a big enough heart for both of both of them well you need to you need honestly need to trinity you need you need marjorie joffrey taiwan yes you gotta have a military arm don't think that marjorie is up to that task and i know that joffrey is not right so you gotta get tie went in there to really have the full a king in three person package yeah then the dinner scene thought was great because he once again served feels like she's being outmaneuvered by people that she's better than you know like she sees this as a weakness the this this just the fact that like nobody likes hersi know her whole life the only i mean like i guess there's a little girl and as a young woman she's just so extraordinarily beautiful that she could just get away with anything and she's also from the richest most powerful families of west coast but now there's a couple of mentions about the fact that she's getting older and.

davos
"davos" Discussed on Slate Money

Slate Money

01:52 min | 3 years ago

"davos" Discussed on Slate Money

"Done i can follow the troubled gold than he should have is damage home for whole coal to newcastle as they say so my number is 12 as in twelve years so there is one former world leader who is definitely not at davos and that is louisa gmail lula da silva who this week lost an appeal on his corruption conviction so it looks like he is most likely not most likely not going to be able to participate in elections well we'll still see but i bring this up because we actually do have a lot of important elections coming up in brazil is one of them in the current candidates are all flow is he actually going to be in jail his passport was taken away can he run from jail that's another good question i don't think so i i'm sure he can nods and the guy who's running in second is truly this horrible rightwinger ultraconservative who has said and who both lessons bolsonaro who when he voted to impeach dilma rousseff actually said that he was his vote was in honor of the person who tortured dilma rousseff wow all so wow this is it's a somewhat interesting development so my number is one point five eight one trillion dollars this is the annual report the oxfam puts out about inequality on the first day of davos and i have been reroute about this report many times and i actually quite like it this year for reasons which you can read on my blood goes into effect but the.

davos brazil dilma rousseff oxfam newcastle five eight one trillion dollar twelve years
"davos" Discussed on Slate Money

Slate Money

01:46 min | 3 years ago

"davos" Discussed on Slate Money

"Yeah i'm not sure of certain but i think increasing there are multiple worlds that operate in parallel here so you still have the the central bank governor davos where they're having one set of meetings you have the the world leaders making public statements and interacting with each other and those are very greasing lee all here are almost all here it certainly the european leaders and you know they're trying to the they're they're doing different things but there's sort of that state then there's the third of ngo care about the rest of the world been equality in poverty dabbas and that still goes on but almost on a separate track you have journalists dabbas few have you you know all the discussion around technology and the technology platforms they'd have it increasing present kuwaitis were ripped through carnesi diverse ray everyone was thinking of bitcoin dollar then as the you know the the cliche of the the year is definitely block chain which you know you can hear people bluffing about and sort of just about any fashion so you know you have these things that i'm not sure those worlds touch 'em you have ceos who come to davos because it's a very efficient way to schedule meetings with each other and with clients and they'll sit in a hotel suite and have halfhour meetings for the entire week and they can get in fifty sixty meetings and they may not even have any public presence at all or anything to do with the public program so it's just it's a it's a it's a it's a multiple ring circus now i jacob way you're talking at blockchain's averse and finance minister davos it it's like it's answered twitter with more private helicopters light just like these little.

davos blockchain twitter finance minister
"davos" Discussed on Slate Money

Slate Money

02:05 min | 3 years ago

"davos" Discussed on Slate Money

"That's what it boils down to it boils down to returns our ally and they are getting i think you've nailed to jordan that's it that's all that the whole thing sorry anyway i just wanted claim vindication there so the other thing which may or may not have been surprising was the trump clearly love ct devils he whiz he had this big smile on his face he was walking around the convention center gladhanding people they were crowds everywhere he meant he went there were no row tests anywhere he was getting amazing softball questions klaus schwab and he really looked and felt like he was in his element almost more than they even bill clinton who has always been this sort of opposed the ozias of of davos man do you think that number one this means that he loved it so much you've just gonna come back at every opportunity and number two that he's kind of singlehandedly changed the whole conception of what davos is to to jordan's point from being like a highminded talking shop where we get to tone about inequality and poverty to just being a sort of celebration of investment and growth and capitalism will the things to swing back and forth right so when the economies bad you can talk more about poverty and inequality but when its booming the their true colours come out in a way i think he will be back and as i say i think it's it's probably a civilising influence on a dreams of why he loved it so much you know i think you have to remember the sort of queens donald trump who feels the sort of staying of rejection from an establishment and you know and thinking the others he probably was never invited to davos and he probably really wanted to be invited to davos and now it needs not only invited he's begged to come to davos and he goes on his own terms and he experienced is tremendous bootlicking sycophancy from from everyone why wouldn't he like it's the ultimate vindication for him.

klaus schwab davos jordan softball bill clinton donald trump
"davos" Discussed on Slate Money

Slate Money

01:37 min | 3 years ago

"davos" Discussed on Slate Money

"I don't i don't i don't know that it's a disaster for anybody so he was always like the avatar of everything that davos wasn't in a he's the anti trade agreements anti immigration an anti equality like america comes first in the rest of you can all go to hell in a hand basket he like if there was one politician in the world who was in opposition to everything that stands for it was donald trump and that doesn't seem to be the case anymore will he came with a message that was a message a lot of people come to davos with which is invest in what i'm selling so his message is very much invest in america it's a great place to do business we're getting rid of all the regulations that would make it hard to do things we've cut corporate taxes and the sort of openforbusiness that was the line and that's not so different from what leaders of a lot of countries around the way oath unloaded this says they lake their pitch open for businesses this cliche right it's like this we it obligatory thing that every single world leader has to say in this feature davos as my country is open for business i mean in this case though i as what's called a euphemism but it's not even i mean he's just going saying hey i should cut taxes right launched thank you very you're welcome like that's his message it's you know i just gave you a lot of money global investors i cut taxes on capital and beyond that i i'm getting rid of regulations you didn't like it.

davos america donald trump
"davos" Discussed on Global News Podcast

Global News Podcast

02:00 min | 3 years ago

"davos" Discussed on Global News Podcast

"This is the bbc cities complete range of programmes bbcworldservicecom but would slash podcast welcome to the latest global news recorded at fourteen hours gmt on friday the twenty six of january i'm glamoc donal with a selection of highlights from across the bbc world service news today coming up president trump has told the world economic forum in davos that the world is witnessing the resurgence of a strong and prosperous america that will restore integrity to the international trading system i'm here to deliver a simple message there has never been a better time to hire to build to invest and grow in the united states america is open for business and we are competitive once again also in the podcast dozens of migrants have drowned off the coast of yemen in an overcrowded boat that capsized heading for africa china has announced ambitious plans to extend its influence into the arctic and later the mountaineering world pays tribute to the female chronicler of the himalayas i admire uh very knowledgeable and very shop person whom you everything about him online climbing the chest president trump has addressed the world economic forum in davos he told the meeting that he was there to represent the interests of the american people and to affirm washington's friendship and partnership in building a better world mr trump added that america first doesn't mean america alone over the past year we have made extraordinary strides in the us were lifted got forgotten communities creating exciting new opportunities and helping every american find their path to the american dream the dream of a great job a safe home and a better life for their children.

davos america yemen china washington mr trump american dream bbc president united states africa fourteen hours
"davos" Discussed on Global News Podcast

Global News Podcast

02:00 min | 3 years ago

"davos" Discussed on Global News Podcast

"This is the bbc cities complete range of programmes bbcworldservicecom but would slash podcast welcome to the latest global news recorded at fourteen hours gmt on friday the twenty six of january i'm glamoc donal with a selection of highlights from across the bbc world service news today coming up president trump has told the world economic forum in davos that the world is witnessing the resurgence of a strong and prosperous america that will restore integrity to the international trading system i'm here to deliver a simple message there has never been a better time to hire to build to invest and grow in the united states america is open for business and we are competitive once again also in the podcast dozens of migrants have drowned off the coast of yemen in an overcrowded boat that capsized heading for africa china has announced ambitious plans to extend its influence into the arctic and later the mountaineering world pays tribute to the female chronicler of the himalayas i admire uh very knowledgeable and very shop person whom you everything about him online climbing the chest president trump has addressed the world economic forum in davos he told the meeting that he was there to represent the interests of the american people and to affirm washington's friendship and partnership in building a better world mr trump added that america first doesn't mean america alone over the past year we have made extraordinary strides in the us were lifted got forgotten communities creating exciting new opportunities and helping every american find their path to the american dream the dream of a great job a safe home and a better life for their children.

davos america yemen china washington mr trump american dream bbc president united states africa fourteen hours
"davos" Discussed on Business Daily

Business Daily

09:08 min | 3 years ago

"davos" Discussed on Business Daily

"Hello and welcome to business daily from the BBC. I'm on way less al-Sabah coming up. President Trump takes his protectionist America-first policies to the globalist at Davos but whereas the frosty reception, I think he's been good for the US economy and therefore it's been good for the global early Plus why President Trump may be the best thing that's ever happened to American newspapers. And we ask What's the point of Davos anyway is not about panels or meetings or even parties? It is that critical relationships built here on a Swiss mountainside. That's all in business daily from the BBC. On paper President, Donald Trump and his protectionist rhetoric should be the antithesis of the Global business. Elite gathered at the World Economic Forum in Davos Switzerland this week. So what was the presence arrival at devils like yesterday? For excited to be here with very happy to be here. The United States is doing very well, It'll will continue to do well, and this will be a very exciting two days. Thank you very much for it. Turns out some of the delicate Davos are excited to, But why did he Basit's economics editor Come on? That is that most people here actually from America, obviously, and that from around the world And they've never seen Donald Trump. Daddy message they've ever heard from Donald Trump is through the media will through following his Twitter feed. Yesterday there was this huge scrum as Donald Trump made his stately way from a meeting room upstairs to another meeting reclusive as if a mixture of sort of beyond say in whole Hogan had arrived. He's pop rock Rockstar entertain a pot sort of strongman and people who were just fascinated to see him. And I think that lost JG Jingping the on the Chinese president was here, And it's a similar sense. These people run the world's most important economies. People here all about. Out economic, some business and that fascinated to see him. I spoke to Larry fake now. Larry Fink is a chief executive of Black Rock asset management firm. They run a huge amount of money full point, five trillion pounds of assets under management. If you've got a pension or savings pull that he's very likely Black Rock invest some of your money. And I kicked off by asking him, what was the attitude now amongst business leaders to the president? I think he's been good for the US economy and therefore it's been good for the global economy. I may disagree with many things he said, and But unquestionably the tax reform is going to add at least nine tenths of GDP to the US economy. Some of the deregulation that he's done is, oh, is created less burden on companies. And companies have been able to do more things. But at the same time a year ago, We never imagined a Europe to be so politically unified with President McCrone winning an an and so we have a much stronger Europe, it everyone forecast at a year ago today. Do you worry about some of the more protectionist noises that come from the American administration, including the president? Is that a concern when you've also got here? The is talking about globalization. The need felt multilateralism. So I'm under the belief that globalization has been good for more human beings that ever before. That does not mean that people have not been left behind in the UK or left behind the US. For some of them. Globalization has not been good. And I think this is why we had Brexit. I think this is why we've had the election of Donald Trump Donald Trump understood the fears and the needs of people. Do you hope for a more conciliatory tone from the president when he speaks on Friday, I'm not anticipating that. But hopefully surprises me. I think he's the President believes he has a mission to make America great. Again, I I think if you look at all his behaviors, These trying to execute on that, whether I agree or disagree is trying to execute on that. And that means in trade. There is a belief that our trade treaties are outdated. I don't think it's an appropriate that we read look at some of the Treaties that were so asymmetric, and some of these countries now are very strong and very developed. And so we'll see Larry, think of Blackwell Asset Management speaking to the BBC's come out amid and tell us. So is the Donald good for business? Well, also in Davos force is the BBC's Joe Miller, and we can speak to him from then now, Joe lots of anticipation today surrounding Donald Trump's speech at devils. Indeed, there is Manuela. I mean, as you heard Kamal say earlier. It's fair to say that Davos has never really seen anything like this. Donald Trump touchdown Yesterday on Marine One on his. Helicopter and he was immediately mobbed by the press and by delegates alike. And now the President's visit has been billed as a showdown between You know that global elites of Davos who generally in favour of friction this trade and liberal politics. And the US presidents brash America first rhetoric. But it's messages afternoon is expected to be all about how America first is actually good for business. Good for the rest of the world in a softening of this message. They'll have a little bit of a hard time convincing people here, especially because other members of his delegation, which is the largest US government delegation to attend Davos in many years, have warned that there are more trade tariffs the common You know the US recently imposed tariffs on imported washing machines and solar panels, cetera. So it's going to be tough, tough gig. But the reception has a little less frosty than you might imagine because strangers it might seem don't Trump is actually quite good news for Davos last year after Brexit and Trump's election win the devils. Route thought that dead days might've been numbered, that they were endangered species in the fact that the president and you know the largest US delegation have come to this forum is somewhat reassuring to them. You know, it means they matter even as advisories, if you if you know what I mean? So the WEF for better or for worse is is really back in the headlines. Now talking about headlines, I know there's a golden rule frost journalists. You know, there's nothing Mojo tedious than the media covering the media, But just as Trump has revised at has revived Davos. He's also revived the American media and to understand how I spoke to a couple of people here in Davos who've been right in the crosshairs of Donald Trump's tweets in the last year. And the first was a little was Elizabeth view Miller who's the Washington bureau chief of the New York Times? It's been relentless. I think there were some things we were right to worry about how the things we weren't his rhetoric, and certainly been consistent called the press the enemy of the people he's refers do us constantly as the failing near times he is. Threatened to change libel laws in America. He can't do that, but he's threatened it. And There is some evidence at the Justice Department is working on a lot of leaked investigations. We don't know exactly how many or what yet. On the other hand, amazingly, There's been a great surge in readership, The New York Times and other publications, And certainly with cable and television. So I like to say that the failing near times is even failing at failing. We have record high readership. Then I think there's actually been a new interest in journalism and the importance of journalism. A big part of covering Washington on the White House, especially for the New York Times is the axis that you get. Is there a worry that the access could end? I mean, do we pull our punches because we are afraid the AXA Lutely. No, we do not. The White House gets mad at us all the time. They threaten to cut off access and they suffer the habit. But I would add that that happens with every White House. They threaten They call up in a rage and you just report. I mean. We're going to go with the story And the tough story before We're going to pull back and say, Oh, he might have our access cut off. We just don't do that. But how do they see that jolt on a day to day basis at the same as working in a Bush were bummer, White House, Or is there a Tinge of sort of in a let's see how this president is going wrong. Well, you tried to that with every president. Again, Our job is to pull presidents accountable. The difference here is the attacks are very public. I can assure you that there were people from the Obama White House on the phone with our White House reporters, screaming at them about coverage. It just wasn't public theories eight inherently contentious relationship between any White House and the reporters to cover the White House. The public is seeing this Now for the first time. We're not the opposition party. That was a Elizabeth few minute there and the Washington bureau chief of the New York Times. Now, I never seen quite as much American press here in Davos as well as the normal bill journalistic comment to cover the conference. The White House pool is here as well. About one person who's been here for many, many years in various guises is Allan Murray. He's the chief content officer at Time Inc. That's the company that owns

President Trump Davos president United States Donald Trump New York Times White House America Davos Switzerland BBC devils President Trump Washington bureau chief President McCrone Obama White House Joe Miller Elizabeth Global business Europe Larry fake Allan Murray Twitter global economy WEF JG Jingping UK Larry Fink Time Inc
"davos" Discussed on Pod Save America

Pod Save America

01:30 min | 3 years ago

"davos" Discussed on Pod Save America

"Before the vote a bunch of headlines because we know that democrats to pay denture the headlines they were like donald trump missing the go sheet or where was donald trump this week but it was definitely it was turning toward has why hasn't trump negotiated and if trump ended up going to davos or wanting to golf like you said love it then like they would have conceivably there would have been a little pressure on trump found that he was washing clips of himself attack obama and 23rd rhyme like iis satis man in the world i understand there's an artist tomcat his unpredictability is awful there's a chance it could have helped us here thereof we don't know who knows we don't now because this it too quickly just we're down were in the ouch there's probably music playing nothing about the assurances we got from mitch mcconnell weren't gettable in three fucking days when we could have seen just a little bit longer what could have happened with the conversations how trump's inanity would have played out his failure to get a deal would have played out the ramifications of his meeting about shithole shit house played out this thing was cut off at the pass john and again no one wants to shutdown sentence aren't great but like you have to decide what's worse a temporary government shutdown or the permanent deportation of eight hundred thousand but anyway hoped this all works out hope there is a deal and i think there is still a chance but don't know if today was great would you got to keep the pressure if it gets an extra funding daba'a funding davos half on and davos.

donald trump davos obama mitch mcconnell john