35 Burst results for "Economic Adviser"
White House Details Plans to Improve Housing Affordability
"The binding ministration is laying out plans to address a sharp jump in housing prices over the past year simply put there are too few houses available to buy and those on the market are too expensive for millions of Americans leaving them priced out of ownership for spending much of their income on rent the White House is proposing several policy shifts to boost home affordability including plans to build and restore more than two million homes deliver one hundred thousand affordable housing units and boost financing options for apartment buildings still the president's top economic advisers warn the housing supply crunch could linger researchers at Freddie Mac estimate the U. S. is three point eight million home shy of what's needed to meet demand Sager mag ani Washington
Why Is the FDA Attacking a Safe, Effective Drug?
"Kudos to the wall street journal for publishing this piece. See who wrote it. Women see david henderson and charles. Hooper david henderson is with the hoover institution at stanford senior health economist with president reagan's council of economic advisers and hooper. Charles hooper is president of objective insights. A firm that consults with pharmaceutical clients. Why is the fda attacking a safe effective drug. The subheading ivermectin is a promising cova treatment and prophylaxis but the agency is denigrating. So while they're telling you well you know what the vaccine really doesn't protect you that much you need to wear a mask can't be around. People are infected. And you'll probably need a booster shot and we don't know how it will handle the variant. In the meantime. I've been taking ivermectin for over a year as exactly described as a prophylaxis. I've been around people with covert. I did know social distancing. No mask wearing within my own home. I didn't get a sniffle earlier this year. The agency that the fda put out a special warnings that you should not quote you should not use ivermectin to treat or prevent cova. Nineteen i charge. The fda with killing tens of thousands of americans would that statement plus shattering the economy because of took ivermectin so fewer so many fewer would be hospitalized.
Sen. Ron Johnson Comments on Biden's High Spending Disaster
"Joe Biden said the other day at what they called a town hall meeting in one of his more coherent moments. That, uh, in effect, spending more money by spending more money, he will reduce inflation. Are you aware of any economic theory ever devised by mankind that holds that position, sir? No. And I know what his, uh, you know, economic advisor to Democratic President Lawrence Summers definitely would not agree with that, Martin. I'm wondering Facebook will pull that down sense of that bit of disinformation. We've got a president. That's a one man. This information gaffe machine himself, and, uh, it's amazing. He's actually going to Facebook, including with them, but take down other people's and disinformation. But here's what concerns me. Since he is the executive branch since years, the head of the Democrat Party, I don't think he's alone in believing this idiocy. I think when you look across the island, the United States Senate, you have a cabal of individuals who either agree with that or don't give a damn. They are prepared to spend trillions and trillions of dollars more. They think it's all free money. They think the they'll be able to do whatever they want to do no matter what. How do you deal with the How do you negotiate with people like this? You don't you have to. You have to resist them.
Equal Pay Day spurs debate over the wage gap between men and women
"Canal soon. White House economic advisors they're putting a spotlight on the gender wage gap in the U. S. Today is equal pay day a day that it's him is a symbolic representation of how far into this year, women must work work to catch up to what men made in the previous year. During an equal payday briefings. Cecilia Rouse called on Congress to pass legislation addressing the gender wage gap round, sited effects, all
Biden puts muscle into implementing relief package
"President Biden continues his push to promote the nearly $2 trillion coronavirus relief package he signed into law last week. NPR's Windsor Johnson reports. Biden is slated to kick off a nationwide tour starting tomorrow to tout the specifics of the legislation. President Biden has tapped long time White House economic adviser Gene Sperling to oversee the implementation of the relief plan. Biden says Sperling will be responsible for ensuring that the benefits in the package go out quickly and directly to where they belong. That's our job. That's our responsibility. The process will be growing the economy as well. Gonna have to stay on top of every dollar spent three American rescue plan. And that's what we're gonna do. Biden and Vice President Kamila Harris are kicking off a nationwide tour this week to help promote the details of the
Biden touts American Rescue Plan
"To you by Mueller Inc President Joe Biden says two milestones will soon be hit, in part because of the new coronavirus relief legislation, boxes Jared Helper and with more over the next 10 days, President Biden says two goals will be hit 100 Million Covert vaccines have been been Certain in in 100 million million stimulus checks, delivered delivered shots shots and arms arms and money in in pockets. That's important, But the the president says the the next next challenge is is implementing the $1.9 Trillion American rescue plan requires fastidious oversight. Make sure the relief arrives quickly, equitably and efficiently with no waste or fraud. President Biden says Gene Sperling, the former top economic adviser for Presidents, Clinton and Obama, will oversee the
Biden taps Gene Sperling to oversee COVID-19 relief package
"President Biden has tapped an economic advisor to oversee the rollout of the American rescue plan. Fox News has confirmed Gene Sperling, who served in the Obama and Clinton administrations, will supervise the execution of the $1.9 trillion coronavirus relief package, which includes billions for state and local governments. White House says there's no one better qualified to take charge of the implementation of the rescue plan and make sure delivers for the American people. Sperling is taking the role as administration officials hit the road to highlight the benefits of the package. President Biden will travel to Pennsylvania and also make an appearance with the vice president in Atlanta, Georgia on Friday.
Dem split on jobless benefits slows relief bill in Senate
"A jump in hiring is fueling optimism about America's economic recovery which could be a problem for president Biden as he tries to push his massive virus relief package through Congress the president's argue the economy needs big help at a meeting with economic advisors he said last month surprisingly strong job gains were partly due to government aid in December well rescue plan and these games are going to slow and later was told by Washington area bus driver almost Williams even those who still have jobs are struggling we had a title with handles on the first of the month and now with struggling to Pam on the fifteenth Senate Republicans are rejecting the relief package with Mitch McConnell arguing the jobs report shows the nation primed for a roaring recovery we are already on track to bounce back from this crisis Sager mag ani Washington
The Biden stimulus is admirably ambitious. But it brings some big risks, too.
"Stimulus plan. Now Congress Brian they're working on a $2 trillion stimulus plan economist Larry Summers. He was an adviser for the Obama administration. He thinks that's just too big, and it's gonna bring back more inflation, The top of inflation that we haven't seen in a generation. So, Brian a big stimulus package. Is this good or bad for our retirement planning? Well, I think right now the Simmons box. Obviously good rights, propping up a lot of businesses. Lot of liquidity out the market and you see the markets hitting new new highs almost on a weekly basis. We've got some volatility, but One of them's that Larry was talking about. He was a talk economic adviser for former president Obama. He warned President Biden's proposed covert 19 relief packages too big and it could overheat the economy. And it Z. Not the only one to say that. But Summers was Treasury secretary under former President Clinton. He wrote that the proposed $1.9 trillion Timmons could ignite inflationary pressures. Off a kind that we have not seen in a generation and went on to say that Hey, this risk of inflation could have consequences for the dollar and financial stability in general and said stimulus measures of this magnitude contemplated our steps into the unknown. His remarks are really notable because Biden has received almost no pushback from Democrats in pursuit of his legislation. He has begotten a little bit on the Republican side of the aisle. But some progressives have griped about by did not go Big enough. Believe it or not, But Democrats are largely united behind the bill. But what's really interesting with this is that he's getting and hearing from the same side of the aisle for people that aren't in Congress that saying, but historically served under Democratic presidents and saying, Hey, this is probably a little bit too much Republicans have been, you know, kind of saying that, but it is going to jump start our economy. There's no doubt this is going to increase spending is going to prop up our economy. But it is probably going to lead to inflation of what we haven't seen in terms of the level in quite some time, right. But you mentioned the common, you said, overheat the economy to find that for me. Well, it's not real growth is not genuine growth. It's basically artificially induced by all the money that we're printing prior to cove in 19. Our economy was cooking on all levels, and but there was nothing that was stimulating that we had good growth. Independence on energy manufacturing was up real estate. But now, ah lot of the stuff that's being supporters being supported by government dollars While we need to get these businesses propped up and we need to give businesses open and things like that the amount of money that we're printing And pumping into this economy. It's going to inevitably lead to inflation it it has to when we're printing this much money as we are, and all I'm saying is, it's overheating because it's not real, in terms of where we were a year ago with this time, Hey, that was a lot more legitimate before the government basically just pulled the breaker on the whole economy and You know and manually shut it down. So do we need t Get back? Yeah, absolutely Do we need to keep putting this much money into it? I think it's going to depend on on where you're sitting right now. Right? If you're a technology, and you're here Cos been going great. And it's okay to work remote from home. That's great. If you're a restaurant guy he's been, you know, operating at 25% capacity and you were closed for out of the past eight months, because hey, I need I need to pee Pee pee plan I need Relief for my employees, So it really depends on what side of the island and you know where you are in the spectrum of how this pandemic has impacted you from a business standpoint from a personal standpoint, and that's not equal for everybody for sure. Okay, Michaela, I
Andrew Cuomo accused of sexual harassment by former top aide
"Administration is offering new details regarding her allegations of sexual harassment. Lindsay Boylan is a Democrat running for Manhattan borough president She worked for more than three years, is an economic adviser in the New York governor's administration. She tweeted in December, the Cuomo sexually harassed her now in a post on the Web site medium. She says Cuomo. What's kissed her on the lips without consent after a meeting will go out of his way to touch her and joked that they should play strip poker. She says she first met Cuomo in person and an event in January 2016 and that her boss informed her the governor had a crush. She described it as an uncomfortable but all too familiar feeling. The struggle to be taken seriously by a powerful man who tied her worth to her body and appearance. Almost spokesperson says Boylan's claims of inappropriate behavior are quite simply false. I'm Jennifer King. Tonight's Vegas Golden Night's game against rival
Former aide says Cuomo kissed her, suggested strip poker
"A former member of New York governor Andrew Cuomo's administration is offering new details regarding her allegations of sexual harassment Lindsey Boylan is a Democrat running for Manhattan borough president she worked for more than three years as an economic adviser in the New York governor's administration she tweeted in December the Cuomo sexually harassed her now in a post on the website medium she says Cuomo once kissed on the lips without consent after a meeting will go out of his way to toucher and joked that they should play strip poker she said she first met Cuomo in person and event in January twenty sixteen and that her boss and former the governor had a crush she described it as an uncomfortable but all too familiar feeling the struggle to be taken seriously by a powerful man who tied her worst her body and appearance personal memos written twenty eighteen obtained by the AP indicate that more than resigned after she was confronted about complaints that she had belittled and yelled at her staff well and says the records released to the media as part of a smear campaign Cuomo spokesperson says Boylan claims of inappropriate behavior are quite simply false I'm Jennifer king
"We're going to start in the early nineties back before this shift. When the old rules about government borrowing still applied. Bill clinton had just been elected president. He appointed an economist named laura tyson to be one of his top advisors and she looked at the economy and she saw this glaring problem year after year. Both government deficits and interest rates. Were going up and then he said omega if we don't get a hold of this federal deficit than that trend will continue. Those rates will continue upward. That was a very significant concern. Higher interest rates were concerned for a couple of reasons for one thing. Obviously they meant that the government had to pay more to borrow money but also when interest rates for the government went up. Interest rates also went up for everybody else. And that's it up this whole cascade of problems so we're people won't buy as many houses. There won't be as many houses constructed in their wealth as much capital equipment invested in and investments in important part of the Economic growth in your all sorts of every interest sensitive part of the economy the way the government runs a deficit. The way it borrows money is by selling bonds treasury bonds. The government says to really anybody. Okay lend us whatever one hundred dollars and in say ten years we will pay you back with interest will pay you back one hundred twenty dollars. The bond is basically the government's i. Iou you that it will pay back that loan with interest and during the clinton administration because of that link between deficits and interest rates. Everybody in the white house talked about treasury bonds about the bond market time. James carville was a political advisor to president. Clinton was just an obsession. In the early days of clinton's everybody say what's the bond market could house bot mocking react to hell multiple. i don't know it just became this omnipresent. The heart of every conversation. James carville was not an economics guy but as he spent time at the white house he realized that sort of bizarrely all these people who worked there making policy the people who had what seemed like the most powerful jobs in the world. We're in fact terrified of the bond market so when a reporter from the wall street journal called up carville to talk about the bond market. He came up with this line that became sort of famous or at least bond market famous kid. I wanted to grow up with four hundred hitter. The pope and the president. But i just want to be the bond. Market's gonna scare the hell out of everybody pleat. What did he say. A what a hundred hitter like in baseball pope the president baseball. I cannot tell you how many times he said that's me. Every meeting every meeting a lot of my memories are about carville sort of making jokes about you. Know you issues as a bond trader bond traders. These are the people who work in finance all around the world who manage a bunch of money. Generally other people's money pension funds or college endowments that kind of thing and every day they decide what bonds to buy and what bonds to sell what companies and countries to lend to and what companies and countries to not lend to to stop lending to and like with any lender bond traders worry about lending more money to a borrower who is already borrowing a lot because all that borrowing makes it more risky and so to compensate for that risk bond traders demand a higher interest rate. They stop lending until rates. Go up and this bond traders demanding higher interest rates when the government is borrowing more money. This is the scenario that everyone was so worried about people. Were so afraid of this that there was even a special term for the bond traders. Who do this bond vigilantes. Bill clinton has convinced. The bond vigilantes are scary and in fact he decides the us needs to bring the deficit down. He decides to build a whole economic plan around getting rid of the deficit. One of the economists he brought in to make that happen was jason and a central argument. That we made was if you do this. It will lower interest rates and interest rates are lower will have more investment and more economic growth and sort of amazingly. All of this happened. They did raise taxes and cut spending and get the deficit down. In fact by the end of the clinton administration the deficit felt all the way to zero. And what came next was sort of a golden moment for the economy in silicon valley. There was the dot com boom but really the whole economy was doing great businesses of all kinds. Were doing well. Ordinary workers were getting breezes lower deficits lead to lower interest rates which led to more investment. And that was good for basically everybody. The system was working. The next big moment in the story comes right after the financial crisis of two thousand eight and this is the moment when everything is about to change when this big shift in the way the world works is about to happen but nobody quite nosy yet. Brock obama has just been elected. President obama brings in clinton's guy. Jason furman as one of his economic advisors and ferment. Goes into this meeting to discuss. How big of a stimulus. Bill obama should push for as he takes office. We met with the president-elect december sixteenth two thousand eight and we're all crowded together in a conference room. I think it was in a law firm in chicago and he wanted it to be big. He wanted to be bold but there was this worry. The stimulus was going to be funded with deficit. Spending government was going to borrow the money. And some of obama's own economic advisers worried that borrowing and spending too much money might actually harm the economy for that classic reason
Lawmakers Debate Biden's $1.9 Trillion COVID-19 Relief Plan
"The right amount of money to get americans through a few more months of the pandemic president biden is hoping that congress approves covid relief. Now that they're done with impeachment. A lot of the money would finance payments to americans. Fourteen hundred dollars for most people city states and schools would also get some money earlier this month. The white house economic adviser. Jared bernstein said people need it all. We have to hit back hard. We have to hit back strong. If we're going to finally put this dual crisis of the pandemic the economic pain that it is engendered behind us as you may have heard. The administration is asking congress in total for one point nine to really dollars. It politely turned down a call by some republican senators to spend less but economists still have questions about the price tag. So let's talk this through with npr chief. Economics correspondent scott. Horsely morning. good morning steve. Why would there be doubt about one point nine trillion. It is that price tag one of the most prominent critics is larry summers. Who was treasury secretary. In the clinton administration he was also an economic advisor to former president. Obama summers told. Npr's we edition. It is important for the government to go big but maybe he says not this big. If your bathtub isn't fall you turn the faucet on but that doesn't mean you turn it on as hard as you can and as long as you can. The question isn't whether we need bake stimulus. The question is whether we need the biggest stimulus in american history summers whereas spending this much money on short term relief would make it harder for the administration to the kind of long term investments. That it wants to and things like infrastructure. He's also worried that a rescue package. This big could overheat the economy and trigger something. We haven't seen in a long time. Steve inflation well. How worried if it all is the administration about inflation. The administration is a lot more worried about the people who've lost jobs in about the parents who can't work because their kids are in school The latest congressional forecasts predict. It will be twenty twenty four before we get back all the jobs that were lost last year and the administration says that's not good enough treasury secretary. Janet yellen told cnn. She thinks the us could be back full employment next year. If congress passes the president's rescue plan and keep in mind Yellen used to be the chair of the federal reserve where inflation was a big part of her responsibility. I've spent many years studying inflation and worrying about inflation. And i can tell you. We have the tools to deal with that risk if it materializes but we face a huge issue comic challenge here and tremendous suffering in the country. We've got to address that. That's the biggest risk. Let's ask about the reassurance. She offers there when she says we have the tools to deal with the risk of inflation. What she mean traditionally when the economy overheats and that causes a jump in prices. The fed tries to cool things off by raising interest rates and for decades. The fed was really aggressive about that sometimes. Raising rates preemptively. Just in case prices might go up but now the central bank has really changed. Its thinking about that. In recent years we saw unemployment can go a lot lower than many people expect without overheating and triggering inflation and that was really good for a lot of people especially those at the bottom of the income ladder so the current fed chair. Jerome powell says he's just not to worry about inflation even though he says we could see some temporary price hikes later this year if the economy reopened is there's quite a lot of savings on people's balance sheet you can see strong spending growth and there could be some upward pressure on prices. My expectation would be that that that will be neither large nor sustained for a long time. Now inflation has been lower than the federal reserve would like it to be and the central bank says it will only raise interest rates once we get back to full employment and inflation has been running above two percent for a while scott. Thanks for the insights. Really appreciate it. You're very welcome.
Why Biden's economic team would rather go too big on COVID-19 relief
"What is going to happen in this economy. Prison biden treasury secretary yelling and a couple of big name. Ceo's including j p morgan's jimmy diamond and sonia singapore from gap had confab in the oval office. Today the president's economic relief plan of course was the topic at hand. Barabra morty is the deputy director of the national economic council at the white house. Welcome to the program. Thanks for having me. Let's start with the news of the day shall we. The meeting in the oval office today between president biden. Insects are yelling and some big business. Ceo's the head of the chamber of commerce was there jamie diamond from j. p. morgan chase. What is the president trying to do getting big business lined up behind him and this relief plant. Well i think that he is looking for their support for the bill and for their knowledge that we need to go big in this moment. I think what the president is hearing from. His top economic advisers is that We are at a precarious moment. Just last week. The jobs report came out and showed that job. Growth is really stalling in america. Even though we're about ten million jobs short of where we were pre pandemic and so. I'm secretary yellen down to his other economic advisers. There is a uniform belief that we need to go. We need to fundamentally alter the trajectory of the recovery and we need to make sure that we're putting money behind putting a vaccine people's arms because the fastest way to get the economy. Moving again is to make sure that we be cooked. Totally agree with the vaccine being this economy right now. I cannot and will not argue with that. But i do want to ask you about this idea of going big as you know. There are some consternation by some that may be one point. Nine trillion dollars is too much that it is in fact more than the economy needs given where for example. The congressional budget office says. We're going to be this summer Where'd you get one point nine trillion dollars and is that too much. I know we don't believe it's too much. And so i wanna talk a little bit about the process by which the president and his team put this package together. I would describe it as a bottom up process so for example there are nearly seven million americans who are behind on their rent an at risk of addiction. We need to provide rental assistance. Those people in the package provides the match rental assistance needed to make sure we keep them in their homes from secretary yell and two other top economic advisors. You is your an asymmetric risks situation. And by that. I mean the risks of going to small with this package far outweigh the risks of going too big so we add that all up. I think the president is very comfortable with the size of the american rescue plan. And i think the american people agree with him. Because there's something like seventy percents support for the package. Let's talk about the the flip side of of going through small which is the concern. The president has one of the concerns about going to big is that there may be some inflation coming in this economy with so much money coming in so soon with the pent up demand. That is sure to happen. Once people can go out and spend and travel and and enjoy life again Are you not worried about that. Well a group monitoring all sorts of different risks to economy and secretary yellen and and others have made clear that they are carefully monitoring the risks of inflation issue. Is that if you do too. Little means that people are going to go hungry. It means that people are going to be booted out of their homes in the middle of pandemic and those are just not acceptable outcomes to the president and look. We are far below the feds inflation target and have been for a very very long time and not to get too wonky owner. I think that the chair powell and others have said the goal is actually to increase in play shen to get closer to that two percent target that they have were. We're a long ways off. I i wonder how Given the the makeup of of the president's economic team many of whom were around in two thousand eight and two thousand nine how scarred people are by the prospect of going to small with a relief. Bill well i can't speak for others and i was not personally there in two thousand and eight thousand nine but i do think that there is a an assessment of the latest and best economic evidence. You look at a where interest rates have been how they have been low extended period of time and you weigh You costs and the risks of adding to the deficit. And i think it very clearly comes out in favour of going big me pick up on something you just said because it struck me when the president said something similar a number of weeks ago that He is he is taking a page from the republicans. Playbook saying look we have to borrow. We have to do deficit spending. It doesn't matter how we pay for it. And i i. Maybe you don't know this. Maybe weren't in those conversations but how did he come around to. You know what we're going to borrow the money the heck with it again. He and his team have been Deep into the economic evidence. And i think over the last five or ten years yet. Economic evidence in support of more robust deficit financing particularly for a temporary emergency measures such as. This one is pretty airtight. The president has been clear that when it comes to permanent changes in policy in other words policy that involves spending each and every year for the foreseeable future that he does think that that should be offset with new tax increases on the wealthy and on big corporations so again i think that is a view that is backed up by the best economic evans
Nearly 3 million U.S. women have dropped out of the labor force
"Report signals just how difficult to recovery the pandemic battered economy faces, the Labor Department says. Is 49,000 jobs were created in January, The unemployment rate fell to 6.3%. A lot of people have left the Labor force. Senior White House economic adviser Jared Bernstein says the administration's especially concerned The labor force has retained fewer women. This larger decrease for women is unusual in recessions and likely reflects both the industries that this pandemic has hit tourism services face to face industries, leisure and hospitality restaurants. On increased care responsibilities that have been pulling woman out of the labor force. Abide administration says today's jobs numbers further support the need for a new and big coronavirus relief package that includes extended employment and other protections. On the day the Senate took a
"economic adviser" Discussed on KQED Radio
"Response or whether or not he wants to follow the bipartisanship that he has been calling for. It seems basically that he will have to choose one or the other or will say that as much as it is possible for Democrats to pass a covert relief package on their own. It's with a process of re walking process called budget reconciliation. It would require all of the Democrats to be on the same page. So there's a risk there, too, in that. Not all Democrats may agree that you know that this package should be quite so large or that it should include all of the elements. So there are risks in both directions, provided that's a good point. Democrats like Joe Manchin of West Virginia are always kind of wild cards and among the Republicans we heard from one of the 10 on Fox News Sunday yesterday, Louisiana Senator Bill Cassidy had this to say about their plan. We're very targeted were targeted to the needs of the American people treating our tax dollars as if they're our tax dollars, not just money to spend and putting it where we need to come out of the pandemic. Just to fill in some details. Republicans want $1000 direct checks, in contrast to the $1400 that Joe Biden wants. They also want tighter income caps for people to qualify for those checks. Kelsey, What else can you tell us about that? So we know that they their plan calls for $220 billion for this new round of direct payments, so that $1000 that you mentioned would be sent to individuals making under $40,000 a year and there would also be $500 for each dependent. Adults and Children included and individuals making over $50,000 under this plan, and couples making over $100,000 would be in eligible for direct payment, so that is a significant change. From Democrats who have a much more generous opera end for how much even well for how many people would be allowed to receive it. Another difference is that Biden and Republicans are are not on the same page about how long unemployment benefits should last or how generous they ought to be. So if you're wondering, sort of, you know what's the appetite for compromise here? Well, here's what Joe Biden's economic adviser, Brian Deese, said on CNN yesterday were certainly open to input from anywhere where we can find a constructive idea to make this package is effective as possible. The president is uncompromising when it comes to the speed that we need to act at to address this crisis. So, Kelsey, could you play interpreter for us here? What does that sound like to you? Does that sound like compromising the air? It sounds like an effort at compromise, though I will say the compromise is a little bit more difficult than that in this particular situation, in part because the Gulf between as you said the gulf between like $600 billion And $1.9 Trillion is truly enormous. It did put some of that, in for two prospective Congress has already been flooding money into relief. We've already seen the largest relief packages In American history, and this is adding to that Republicans air running out of appetite for that one of the things that I hear very often when I talk to Republican senators and staff is that they feel like they need to see the bill that passed in December. Get to work. They want to see the money go out the door, and they want to see whether or not these vaccines will speed up the economy. They feel that there's a possibility that the economic recovery could happen without further intervention from Congress. And Democrats simply disagree with that. They say that they need at least six additional months of unemployment benefits to make sure that people who needed have long runway to get back on their feet. And you know that is a big difference. I mean, Republicans are saying that it should be $300 in federal unemployment benefits per week through the end of June. Democrats want $400 per week through the end of September, and that could be a major major difference not just in how much the bill cost but how it impacts people's lives. Yeah, There is a big gulf is you say here, Calcio. The one thing that stands out to me is that if you added this roughly $600 billion proposal of Democrats are receiving now from their GOP counterparts to the 900 billion that we saw at the end of the year. It would roughly add up to the $1.5 Trillion playing that we saw from the problem solvers caucus. That was the group of bipartisan lawmakers, so we'll see if that is enough to get a deal done. L see Snow is our congressional correspondent for NPR. Kelsey. Thanks as always. Thanks for having me. Well. Meanwhile, there are ongoing challenges with the rollout of the vaccine, Elmwood Nursing and Rehabilitation Center in Providence, Rhode Island, is the type of place you might expect people to be lining up for their shots. The infection rate in the nursing home ZIP code is more than 200 times the statewide average But only a quarter of Elmwood staff has taken the shot. Lin Rd t from the public's radio in Rhode Island has more Pharmacist has just thought a new vial of the covert 19 vaccine when she realizes she has run out of people to vaccinate the fires are buying tech vile, has four doses left over. If the dose is air not used within six hours, they will expire. So on a recent afternoon in Elmwood, the nursing home's administrator, puts out a call over the intercom. Attention staff. Anyone who has not received the vaccine. What is interested, maybe change your mind. Since this morning, you can come down to the dining room soon as possible. Once again, anyone who would still like to get the covert vaccine. Please make your way to the dining room at this time. Thank you. No one did. The leftover vaccine was sent back to Walgreens for other frontline workers. Covert 19 vaccine has been a tough sell it Elmwood Ivan.
Republicans Propose $618 Billion Covid Relief Plan
"Joe Biden is set to meet this afternoon with a group of 10 Republican senators were proposing an alternative, less expensive covert relief plan to the $1.9 trillion plan. The president has proposed details now from Wtlv is Mitchell Miller on Capitol Hill. The plan being offered up by 10. Senate Republicans calls for spending about $600 billion. Ohio Republican Senator Rob Portman says the GOP plan would also distribute checks of $1000 instead of 1400 lower income threshold. We think they should be much more targeted $50,000 cap individuals as an example, 100,000 for a family. The president's top economic adviser, Brian D's, who also spoke on CNN's state of the union, says the White House is open to ideas that could make the plan more effective with an important caveat. The president is uncompromising when it comes to the speed that we need to act at To address this crisis on Capitol Hill, Mitchell Miller W T. O P News
Biden is already facing pressure to scale back his $1.9 trillion Covid relief plan
"Heather let me start with you And the president's plans for this economy specifically the one point nine trillion dollar Relief i think he calls it a rescue package that he has proposed though not yet sent to congress. I wonder given how tight things. On capitol hill in the house and the senate and already expressions of disapproval from some of their Whether we're not going to see this thing picked apart and done kind of piecemeal ish instead of in one big whack. Yeah you're right. This is certainly not been a love fest. From from the republican side for joe biden. Those message of unity. was great on wednesday. But it didn't hold for thursday and friday So i think it's a really hard call for joe biden. He's going to have to make it. If there isn't a breakthrough in the next week. There's going to be a meeting this weekend. Between binds top economic advisers and some of those more centrist democrats and republicans. But if there isn't a breakthrough in the next week or so. He's going to have to decide. Do i basically chop the bill in half and do what's really popular those another round of checks and more money for vaccines. Most people can get behind those things and basically or do does he really stick to his guns and wanna do go big do something closer to two trillion that has more of those democratic wishlist items like state and local aid in which case that's going to have to be a democratic only bill but sudi Yesterday kevin hassett who used her on. The council of economic advisers for president trump came out and said if this bill is not passed. One point nine trillion. It could be. I don't think he said death. Spiral spiral for this economy. That is not good. yeah. Republicans are like kevin who never heard of them. We're we're we're focused on the deficit and the debt so suddenly it's taken days for them to wake up To to their concerns from the pre trump era and I am not going to declare honeymoon over yet but you can see the end of it coming right around the corner. We've gone from ditchmitch. Insurrection to inauguration It makes me wonder whether we'll ever get to infrastructure if we could get through something like this so it's just it's a very weird moment where We were talking about knack national and coming together with unity and Within weeks we're going to go straight to budget reconciliation. The way around the idea and unity
How coronavirus is reshaping America's job market
"The coded spike rammed through the heart of the economy in December. Evidence came in the form of jobs numbers out today. The U. S lost 140,000 last month, the first decline since the spring. Grim situation for the next president to walk into, and one his team is already thinking about. Cecilia Rouse is President elect Joe Biden's pick to head the Council of Economic Advisors. It's a group she served on before last time was during the Obama administration. The economy. It was in turmoil. Then two in 2000 and eight we had an economic crisis, which is caused by a problem in the financial sector. And this time we have an economic crisis, which is completely caused by a global pandemic and therefore is at the mercy of a public health crisis Now in doing some reading on this, I heard you say that at the time you all were terrified. That's the term you used. How are you entering this now? Right now, What we recognize is that Americans are suffering households. Businesses are suffering. And so what We understand this time is that we need to be providing relief to households. Businesses date local governments to help them get to the other side of the pandemic. That's not the end of the road is it's important that as we do get to the other side that we build an economy that includes all Americans, and therefore is strong because addressing the inequality that's been laid bare by the pandemic. In order to bring back the economy. The pandemic, As you said, has to be controlled S O should there be nationwide actions to shut down the country so that the pandemic can be controlled. I mean, can the economy actually recover without Temporary economic pain. What we do know is that in order for us to have the pandemic under control, people have to stay safe, which hits some sectors harder than others. So there will be some economic pain as we get through this pandemic safely. What we know we need to do is to support households and businesses and those businesses that we know have been disproportionately affected. For example, If we look at the December employment report that was just released this morning in the leisure and hospitality sector, it lost nearly half a million jobs. That was a big blow to workers in an industry. In fact, with the exception of March and April of 2020, that was the largest employment decline in that sector in history. So we need to. We know that we need to support those workers and support those businesses to help them whether this pandemic safely and to be able to get to the other side intact. As you brought up almost 500,000 job losses in December were in leisure and hospitality people who work in bars and restaurants. And so much of the story. That pandemic has been about low wage workers bearing The brunt of this compared to high wage workers as an economist. What is your position on how to help low wage workers? Specifically, what do you are ideas or solutions that work? So right now we know we need to support them. So that is some of the direct relief. We also know that the unemployment extensions of the unemployment insurance are very important. There are other than the conviction moratoriums and help with back pay for rent. Other of those components are going to be very important As we come through this pandemic, though we know that we need to support some of those low wage workers. People will need to have jobs that pay and allow them to support their families. We know that paid sick leave paid family leave is very important to allow them to both be productive workers and take care of their families. So coming out of this recovery in particular, we need to ensure that all Americans can be productive workers and being able to support their families. So much of the conversation around. What happened in 2000 and eight in 2009 was the idea that the help went to quote unquote the banks, they got the support and that many average people felt left behind. How do you ensure that? What the president elect does next? Doesn't kind of fall into that same perception. That's an excellent point, and this administration is really committed. To ensuring that the policies that it promotes promote everybody and bring everybody back into the economic activity back into the labor market, and then we all benefit from the growth and the economic recovery. Some of that isn't is paying attention to where the federal dollars are being spent. Identifying those places Where that those who have better connections, larger banks versus smaller businesses that maybe better connected. Don't just get to the front of the line, but that the smaller businesses are able to maybe actually have a
"economic adviser" Discussed on KLBJ 590AM
"Now Republican leaders are backing the Treasury chief's request for unspent relief funds to be returned Treasury Secretary Steven Yushin once the Federal Reserve to return more than $400 billion of covert related funding appropriated by Congress for lending facilities. Much of that he's gone unused and the program's expire at the end of the year. Senate Majority Leader Mitch McConnell agrees with the Treasury secretary insists Congress should repurpose the money toward urgent and targeted relief measures. Alexis Jared help earn on Capitol Hill the Fed, she has criticized Venusian, saying it's too soon to close down the programs in case more lending capabilities eventually needed But White House economic adviser Larry Kudlow is also proposing targeted relief using unspent funds to help small businesses and their payrolls on do you know hard hit industries like restaurants and so forth Airlines. Let's re purpose President elect you. Biden is urging lawmakers to work on more covert relief. He's meeting in Delaware today with the top Democrats in Congress. President Trump Holding an event on drug prices. Big Pharma ran millions of dollars of negative advertisements against me during the campaign. Which I won, by the way, But, you know, we'll find that out a passing reference to his campaign's ongoing legal challenges. He didn't take any questions for the 17th Day in a row, the president announcing to new regulations aimed at lowering the price of prescription drugs, focusing in part on what Medicare pays for drugs compared to what other developed nations pay One regulation gives patients rebates for drugs prescribed to Medicare recipients instead of drug companies. President also touting progress on a covert vaccine, but that's overshadowed on Wall Street. By rising cases..
"economic adviser" Discussed on KTTH 770AM
"Who's White House economic adviser Larry could, Lo says a new study proves Democratic nominee Joe Bodies Proposed tax policy will hurt. The country, published by The Wall Street Journal from the Hoover Institute of Stanford University, shows that under Biden's policies of higher taxes and regulations, including energy and health regulations, Americans no class will lose the 6500 bucks that they got during the trump years. They will lose it, They will lose five million jobs, and they will probably lose. I would have trillion of GDP could low appeared on Fox is the next revolution was Steve Hilton Sunday? Biden has promised not to raise taxes on anyone making less than 400,000 Year, the former vice president campaigning in Durham, North Carolina, Sunday, accusing the president of tipping off Wall Street, according to The New York Times. 34 days ago, his administration gave Wall Street investors heads up, but he didn't tell us just his friends on Wall Street. That's why they made so much money by quote. Selling short also knew tonight. Facebook and Twitter, The CEOs of the social media giants will now have to answer to the Senate Lawmakers from both parties appear eager to rein in the power of social media companies and big tech conglomerates. But for two different reasons, congressional Republicans that President Trump are outraged Twitter blogger links to a New York Post story alleging improper behavior. By Joe Biden SON Hunter. Since then, Twitter has backtracked and allowed the story to be shared. Facebook, though, also limited the story circulation this week, the Senate Judiciary Committee is going to consider whether or not to Subpoena Twitter CEO over this matter, and senior Republicans told Maria Bartiromo on Sunday morning futures more scrutiny is needed. President Trump is also outraged with Twitter even as a frequent user himself. He blasted social media platforms during a campaign rally Saturday night boxes Mark MEREDITH America is listening to Fox News. From the Fox News Podcasts Network download and make it hammer time with Bill Hemmer, Steve Cortes, senior advisor Trump Campaign. I believe that there is a reluctance of people to say they're going to vote for Donald Trump. Because of the unfortunate Cancel culture is so pervasive in our society. There could be sanctions against people social work, thanks. Otherwise don't rely on this, but I think it's reasonable to posit that there is a certain trump reluctant voter out.
"economic adviser" Discussed on WBZ NewsRadio 1030
"Economic adviser Larry Kudlow. One in three Americans now say their financial situation has gotten worse since the start of the pandemic, according to bankrate dot com. Mark Hamrick is an analyst for the Web site, he says the younger generations why in Z or twice as likely as older Americans to put off things like getting married, buying a home or going to college, those who are younger. Those who are a newer to the workforce tend to have less financial flexibility. That means they may have lessened savings and they're not earning as much as they're older Counterparts Hammer That's the consequences of these delays extend past individuals putting a bind unemployment and the broader economy now and after the pandemic wraps up 707 The White House also tonight, saying there is evidence backing the administration's push for schools to reopen during the pandemic, Press Secretary Kayleigh Mcenany today told reporters. Schools are the safest place for kids. Science is very clear on this. That you know, For instance, you look at the JAMA pediatrics study of 46 pediatric hospitals in North America that said, the risk of critical illness from Cove it is far less for Children than that of seasonal flu. The science is on our side here and earlier in that statement, McEnaney said Science should not stand in the way of schools re opening also, what, 707 up in Vermont. Public health officials say they're looking into a possible outbreak of covert 19. This's in southwestern Vermont, right by the town of Manchester. Health officials say Nearly 60 people have reportedly tested positive for the virus there. Over the past few days. About 600 people have now been sent to get tested at a couple of pop up sites it say so far half those positive tests that have come back our Children the youngest person testing positive three years old, the oldest 75 It's seven awaits. So it's time for Bloomberg business with and rode a 1.3 million new unemployment clean filings last week was just too big a number for Wall Street to keep betting on steady economic recovery. Today, the Dow lost 135. NASDAQ down 77 has to be 500 down 11..
"economic adviser" Discussed on KTLK 1130 AM
"An economic adviser to the president who is leaving the administration Thomas Phillips said the acting chairman of the White House council of economic advisers will leave his post by the end of this month the announcement of Philip since departure comes just days after Kevin Hassett and other senior White House economic official announced that he too would be stepping down the planned departures come as the U. S. economy has shown some signs of a very slow recovery there are also growing concerns about a surge of coronavirus cases in a number of states including Florida Texas and Arizona in Washington John decker fox news Nevada is ending a two year legal battle with the energy department over the secret shipments of weapons grade plutonium to a site near Las Vegas state agreeing to drop its lawsuit after the federal government agreed to stop the shipments and remove the plutonium that's already been sent there Facebook says to counter election related misinformation it will flag old newsworthy posts from politicians to break its rules including the president several unrest prompting another change in the American lexicon the Houston association of realtors will no longer use the term master to describe bathrooms and bedrooms on its listing service instead the group will refer to these spaces as primary bathrooms and bedrooms rest of the association say the consensus was that primary describes the rooms equally as well as master while avoiding any possible misperceptions the changes sparked by several members calling for a review of the terminology it comes as several companies are ditching names and symbols promoting racial insensitivity amid civil unrest and protests for equality Christine good when fox news M. Glaser the groundbreaking graphic designer who created the iconic I heart New York Lugo died Friday at his ninety.
"economic adviser" Discussed on KTAR 92.3FM
"President's top economic adviser says there won't be another shutdown Larry Kudlow saying Americans should not worry about growing numbers of coronavirus cases across the country talking to help people this is no where's near some kind of second wave now is near a Kudlow insisting there will not be another economic shutdown of cases spike again that's ABC's Andy field now for the valley Chevy dealers traffic center let's at check in with detour Dan still got that crashed on the eastbound I. ten in downtown but it's getting better as far as slowing goes finally you know I took a little bit there even with all lanes open man when you get to the downtown there's like that's where everybody wants to get off the freeway if they're approaching downtown a lot of times here this crash you're off to the right looks like it's no longer gonna blocking lanes but the slowing has eased up more of about a seven to eight minute ride but improving as we speak little by little and hopefully we get it cleared out before it gets due to having coming up all right now the seventeen were also adding a couple of extra minutes on the seventeen approaching central avenues constructions on your get the total of fifteen minutes on the southbound seventeen from Peoria down to the ten split there's been a couple of service treat rex one of which the worst kind of fatal crash and it has got to be a road closed north and southbound Joe Max dynamite also it looks like our other it cleared up forty three Sweetwater this traffic report brought to you by consolidated personnel what is your payroll provider done for you lately if you're not getting a timely response during this pandemic maybe now's a good time to look into consolidated personnel services visit CPF B. E. O. dot com Peter and Kate here is either a one oh five with mostly sunny skies it'll be breezy clear tonight with a low of seventy five sunny and one of three tomorrow weather's brought to you by our air.
"economic adviser" Discussed on WJR 760
"LLC what is he going to tonight temperatures into the mid thirties for overnight lows finally some improvement in the afternoon as far as how it feels fifty six is where we're going for highs by we will see at least some limited sunshine in the second half of the day and even though it's not gonna be widespread blue skies that's the best chance we have Thursday bring showers back first in the morning for a quick chance at a better shot in the afternoon and evening Friday through Sunday morning plenty of rain in fact we could get over an inch that time I'm local for meteorologist Ben Bailey hello it's red eye radio Gerry McNamara and regularly talk about everything from politics to social issues and news of the day whether your abilities for just starting your day welcome to the show from ball pilot flying J. studios this year's redeye radio all across America and around the world eight six six ninety right I read I radio show dot com where we stream live or get our app put it on your phone analysts and whenever the heck you want to listen yeah what he said in the news I could share comes to roughly six trillion dollars two trillion direct assistance roughly four trillion in federal reserve lending power again will be the largest mainstreet financial package in history United States Larry Kudlow wow the president's economic advisers yesterday that was before the deal was actually that day came to a.
"economic adviser" Discussed on KFI AM 640
"Your former economic adviser said almost a hundred percent chance of a recession do you see it that way that could be I mean I I don't think in terms of receptionist I think in terms of getting it out because when we're finished with the virus we will win we will win and win that victory takes place our economy is going to go through the roof it is so pent up it is so built up it is so ready to go in a in an upward direction but we have to knock out the sentiment is a really tough enemy but we have to knock out all of us as all of us so I don't think in terms of recession not recession it's it's words we have to knock out this and we will have an economy I actually think we have an economy like we've never had before it's all tend to this I think the question about about the actions of the president authorized beginning in January when he took the unprecedented step of suspending all travel from China the efforts to issue travel advisories for portions of Italy and South Korea and then to begin screening all the passengers of the efforts regarding suspending travel for Europe and what went into effect at midnight last night adding the UK and Ireland that have all been informed by the experts that are surrounding us with president asked us to do from the very beginning as a doctor person doctor felt you often say is let's follow the data bring the president the best options in response to what is actually happening on the ground but it but with regard to yesterday's of the fifteen day a slow the spread plan our team unanimously brought to the president is very strong recommendations for every American because we truly believe we are at a point in this epidemic in our country when we can reduce the number of people that actually are exposed to or contract the corona virus but will continue to bring the best data the best evidence of the best recommendations frankly of the best health experts in the world and the president will continue to make decisions that put the health of America first in other words reduce the number of people that die that's what we're trying to do and when you do the steep curve a lot of people are going to die a lot of people you know the worst ever they say nineteen eighteen and I don't have to go into the numbers but they were unbelievable numbers had they known and had they done what we had that would have been a very much different story it would still be tragic but it would've been a very much different but that was that was the one that people write about that was an incredible that was an incredible pandemic like we haven't seen but yeah we have a we have done something that I I hope hopefully we will all have made the right moves were all in this together including you and we want to see fair person and I tell you what it's been and generally speaking I think it's been it's been a great thing to see that it's been very very the the getting along with Democrats getting along with Republicans for the Democrats themselves there's been a lot of spirit there's been a lot of things happening that I haven't seen happen in the first almost down three and a half years it's been very nice to see that's one of the good things but what really the good thing is we have to knock it out we have to win and we want to keep that slope as low as possible because it's a lot of lives in there.
"economic adviser" Discussed on KOMO
"Former economic adviser said almost a hundred percent chance of a recession do you see it that way a good big I mean I I don't think in terms of recession as I think in terms of getting it out because when we're finished with the virus we will win we will win and win that victory takes place our economy is going to go through the roof it is so pent up it is so built up it is so ready to go in a in an upward direction but we have to knock out the sentiment is a really tough enemy but we have to knock out all of us that's all of us so I don't think in terms of recession not recession it's it's words we have to knock out this and we will have an economy I actually think we have an economy like we've never had before it's all packed up you have to this I think the question about about the actions of the president authorized beginning in January when he took the unprecedented step of suspending all travel from China and the efforts to issue travel advisories for portions of Italy and South Korea and then to begin screening all the passengers and the efforts regarding suspending travel for Europe and what went into effect at midnight last night adding the UK and Ireland that have all been informed by the experts that are surrounding us with president asked us to do from the very beginning as a doctor person doctor felt she often say it's let's follow the data bring the president the best options in response to what is actually happening on the ground but it but with regard to yesterday's of the fifteen day slow the spread plan our team unanimously brought to the president is very strong recommendations for every American because we truly believe we are at a point in this epidemic in our country when we can reduce the number of people that actually are exposed to or contract the corona virus but will continue to bring the best data the best evidence in the best recommendations frankly of the best health experts in the world and the president will continue to make decisions that put the health of America first in other words reduce the number of people that die that's what we're trying to do and when you do the steep curve a lot of people are going to die a lot of people you know the worst ever they say nineteen eighteen and that I have to go into the numbers but they were unbelievable numbers had they known and had they done what we had that would be a very much different story it would still be tragic but it would've been a very much different but that was that was the one that people write about that was incredible that was an incredible pandemic like we haven't seen but we have a we have done something that I I hope hopefully we will all have made the right moves we're all in this together including you and that we want to see fair Preston and I tell you what it's been generally speaking I think it's been it's been a great thing to see it it's been very very deep the getting along with Democrats getting along with Republicans for the Democrats themselves and there's been a lot of spirit there's been a lot of things happening that I haven't seen happen in the first almost down three and a half years it's been very nice to see that's one of the good things but what really the good thing is we have to knock it out we have to win and we want to keep that slope as low as possible because there's a lot of lives in there.
"economic adviser" Discussed on WTVN
"Economic advisers and business leaders to discuss how to stimulate the economy is corona virus spreads the president said that one of the things they're considering is a possible payroll tax cut or what he called very substantial relief that's a big number we've been hearing economic advisers now for about five days say they don't want to just do a throw money at the problem the type of stimulus plan they want to do something very targeted targeting industries that are impacted I think they'll say everything is on the table but you can just imagine the politics are gonna start very quickly ABC's Karen Travers as for specific emergency measures we're talking about paid sick leave a particular people have to stay home and will not be paid while they're staying home something that's been talked about by members of Congress by democratic leaders in Congress and we're told the White House is also looking into this as well so I could see a potential bipartisan agreement on that ABC's Jonathan Karl Asian markets rebounded Tuesday Dow futures rose with Joe Biden leading in delegates summer calling today's primaries in six states including Michigan and existential issue for Bernie Sanders thank you Ernie Sanders drawing contrasts between him and Joe Biden zero voted for disastrous trade agreements I helped lead the effort against those terrible trade again that's ahead of six states voting on Tuesday and what's increasingly seen as a possible make or break night for Sanders Biden's big wins in South Carolina in several states on super Tuesday have rocketed his campaign back to life and left Sanders needing wins in states like Michigan in order to stay competitive Markram Alard ABC news Veterans Affairs department is moving to bar new GI bill students from.
"economic adviser" Discussed on KOMO
"Economic advisor is breaking with his boss on just who's paying those newly hiked tariffs on Chinese imports. President Trump tweeted this week in that it would be wise for China to act now but said he loves quote collecting, big tariffs, but Trump's director of the National Economic Council. Larry cudlow agreed on Fox News Sunday that it's Americans who pay for tariffs though size. Both sides will suffer on this Kudlow defended the tariffs. Those saying China will lose significant revenue as it costs more for American businesses to import their goods, Mark Remillard, ABC news. Saudi Arabia reporting, a savage attack on two of its oil tankers off the coast of the United Arab Emirates attacks are said to have caused significant damage to the vessels one of them reportedly was on route to pick up Saudi oil to take the US. There's been no claim over sponsor -bility. The US has warned ships that Iran or its proxies could be targeting maritime traffic. In the region ABC's. Tom rivers the North Korean freighter. The US's though suspicion of violating international sanctions has arrived in American Samoa for inspection. The White House facing another deadline this week for the president's taxes and the unredacted Muller report. It's highly unlikely we'll see a resolution this week deadline or no deadline. The president is standing firm. Meanwhile, Democrats considering more aggressive steps to enforce compliance including levying fines as for the idea of a constitutional crisis. Well, Trump tweeting that is pathetically untrue. ABC's cure Phillips in airline pilot jailed in Louisville accused in a triple homicide in two thousand fifteen Christian Martin who flew for a subsidiary of American Airlines arrested in his uniform at Louisville airport, Saturday just before flight police found Pamela Phillips and Edward dance. Ruse bodies in a burned out car in a cornfield later discovering Calvin Phillips was shot dead in his home ABC's. Diane macedo. You're.
"economic adviser" Discussed on WBZ NewsRadio 1030
"White House economic advisors trying to work out the potential impact the US economy, if the president closes the southern border over vice president Joe Biden's team on the defensive after another woman claims he touched her inappropriately the British parliament again fails to agree on four different options for Brexit. There were more troubles in the skies today at least five airlines affected by a computer issue that grounded several flights in major cities this morning around the country caused a lot of delays including at Logan airport. ABC's Pete combs joins me with more on just what caused that problem. This is a company called aero data that puts out at the very last minute. The the most critical piece of paper that a pilot needs to take off at a commercial flight that piece of paper has it the weight of the aircraft the balance, you know, an airplane needs to be balanced. So that way the center of gravity of the center of that weight has to be within a certain envelope for or after the airplane. And then it tells them what runways are available what the speed is. They need to take off with a flap settings. Or look this is a very important piece of paper. And if they can't get it. They don't go anywhere. Is there? No redundancy for this. I mean is are we left with this one piece of paper being the be all and end. All you know, this is sort of like when you have a computer. Eventually you're going to throw out the. Typewriter? There is a way to do this manually. But boy, it takes a lot of time, especially when you're talking, you know, hundreds of tons of of weight in an aircraft and Beato precise within inches for the for the center of gravity and the speed of the takeoff, which depends on weight on wind and temperature and slope with. You know, what I'm trying to tell you. It's it can't be done. But boy, it takes a lot of time and that just adds to the notion of delays. So in this case what they did at south west, delta, American and the other airlines that were affected as they waited it out and for most of these airlines it worked out. Okay. But for south west, which serves us here in Atlanta. And they're in Boston. You know, that was a big deal. They they had to delay about twenty two percent of their flights. Ben, let me ask you this. Because obviously this happened today we like to learn from our mistakes. And I assume other companies do have they said anything yet about how they might be able to prevent this from happening. Again, candy. That's a great question. And the answer comes in terms of redundancy, and at aero data, which has computer systems in in Missouri and Arizona, and what other location you'd think that if you have three different sites three different places where your computers are originating in storing data that that would be redundancy in itself, apparently in this case, it wasn't the question is. Why so far arrow data's not talking? It has mentioned that computer problem has been fixed delays have persisted though at times through the day WBZ Sheri, small Logan airport where there's been a lot of hurry up and wait more than thirty five hundred domestic flights nationwide delayed today, all because of a system wide, computer glitch affecting several major airlines we checked in and we noticed that our flight was actually delayed. We don't know how long though, you're just kind of in limbo. Then.
"economic adviser" Discussed on KSFO-AM
"You wherever you go onto the US by Mike Morse the head of the house oversight committee Elijah Cummings is threatening to subpoena the White House over security clearances for the president's son-in-law, Jared Kushner were reportedly open only happened because the president ordered it corresponded Maharaj the wake of this report Cummings fired off a very angry statement saying in a letter to the White House, I requested specific documents in interviews relating to Mr. cushions clearance in a number of others to date. The White House has not produced a single document or scheduled a single interview may become necessary to consider alternative means to compel compliance. And of course, what that means. Is that subpoenas are coming? The New York Times reports the president overruled his intelligence recommendations at ordered Kushner be granted top security clearance, which provoked former chief of staff John Kelly. To document that he was ordering the clearance only after being ordered to do. So by the president Russia. Vetoed an American resolution at the u n describing embattled Venezuela leader nNcholas Maduro selection as neither free nor fair special Representative for Venezuela Elliot Abrams United States, presented resolution, which got the requisite nine votes for passage but was vetoed by Russia and China. The Russians put in a resolution which got four votes, which I recall pathetic, the US is trying to build world pressure on the Dorota step down White House. Economic adviser. Larry cudlow is defending the president at the CPAC convention it guy from pessimism to optimism. Right. There is a major change. He ended the war in business. He has ended the war in energy. He has ended the war on.
"economic adviser" Discussed on The Majority Report with Sam Seder
"You're also dealing with something that impacts people across the country simultaneously, right? Like, you're shutting down. In the world. And there's nothing else that can match that. You just can't have local coverage and national coverage simultaneously for anything else. Other than this type of travel because the stories in local Miami papers, and it's in New York papers, it becomes a national story. Even if you had IRS people who are denying, you know, who are not getting your refund and you're in Florida, and I'm in New York. It's just not present there, another you're getting a robo call from the IRS that you face forfeiture. But then you can't get anybody on the phone well figure it out. But I mean, I just wanna say really quick there was a report in Reuters that just came out that just puts meat on it, right? Like Wilbur Ross's, that's funny in a dark way, and we should play that Simpson's thing. But there have been eighteen percent increase in pond broker chains easy Corp. And I cash there's a huge. Jump and payday loans and like. Earners, really happy. Right. Yeah. Mike problem. I mean. Spell to definitely still do those. Yeah. But it's just you know, it's happening. And obviously those loans are catastrophic for people. That. Well. Well, yeah, we can play that in a minute. But let's play this Kudlow 'cause they're bringing out everybody like, and it's you know. I always get nervous when I watched clip Kudlow now. Hello looks good. It can healthy ageing carrots taking runs. Hi, I'm a little bit concerned. This guy's like he's turning into Rudy Giuliani. His the same sort of pallor Judas brothers. They do don't they go a little more vitality. Though, it looks like he's like he's gonna waste a lot more of our time before he goes here is here is Larry cudlow. He is the top economic advisor to Donald Trump. Guys. Real heart problems. And he. He's trying to make the argument that. Well, he he's trying to say that federal workers are stand stepping up. Now, what he, you know, people sort of catch him on the fact that well, if they don't show up for work, they get fired immediately. And even though they're not getting paid. And that is just beyond the pale to remind him of that. Cave on posit. I should say that like prior to this. He says look you have federal workers or coming in volunteering to work at a time. When there's no pay they really behind the president. That's why they're doing this and doing to him. This guy's taking off his his I think is microphone. Oh, maybe dressing him. Hearing without pay volunteer. The common workers they're showing up. Which? Hey. Who's your font here? That's not what. You know, I'm not even gonna go there saying it's very clear, and you know, what else with respect to people who do have financial hardships of some was asking. They are coming to work and giving them twenty same twenty four seven work. They always did. And I will say to you whatever semantic game. You think you're going to play with me? And I'm usually an easy going guy. Give them credit. Okay. They onerous honors by their service. Don't care whether you're Republican or democrat. Sincerely, honors Democrats have shut government down. Right. It's you know, what I'm saying. And they do it because of their love for the country and the office of the presidency and presumably there allegiance to President Trump. But whatever they're doing it some credit. You know, there's a lot of wonderful people in this country. There are a lot of wonderful people in this country. Specially some of these young I've become a become a great fan of the millennial. Thank you. Somebody getting another drink. Otherwise, I love presumably out of loyalty for the president. Traffic controllers are doing it for love of the country and Trump I have no doubt that there is that people who work for the government have some measure of pride that they're working for the government..
"economic adviser" Discussed on WLAC
"Economic adviser. For the White House. I know. No. I'm I'm a supporter of the Trump agenda, which has like some big issues like Nash, you mean, you don't think that he always appoints the best people in the greatest people get in there and everything and now you hit Gary Cohn. That's it. I liked that one like Anthony Scaramucci like, oh, yes. That was a good one. Omarosa. No. You're role is morning making. Yeah. I agree with you here. Yeah. Rex. I hate Rex Tillerson. Tillerson the Exxon guy. Yeah. Right with secretary of state on us here. No. I think no. I didn't think he picked the best group. No. I really didn't. I love this Mucci comment. I'd forgotten about that was eleven days of glory right there. Oh my goodness. Well, look, here's the problem. I mean, just because you work at the White House doesn't mean you support the Trump agenda. So you don't think it has any impact on the economy here because the government does a lot of business with the private sector. You know, what I mean, it's I'm not talking, and of course, the government employees spend money, but so did the people who they're doing business with and that's all shutdown right now that you don't think that has any impact on the on the I think I think that you you make a good point that there may be some short term impact. And by that. I mean, I think you could see some impact in this upcoming quarter. But that's what I'm talking about. But here's the point. I I think that not spending that money, not increasing the debt frankly to pay these eight hundred thousand on essential, federal employees is probably going to have some longer term benefit as those scarce resources. Of society are redeployed to better use. Well, the thing is oh we're saying we're going to pay him back. So we're gonna pay him back for not working. So that's a loss of productivity there. And and we would so. On the debts. Not productivity. If loss it's a loss of money to them. But it's not a loss of productivity. But I mean, we're gonna pay a released by all indication. I thought the president does this as well that we're gonna pay them anyway. Right. When the government opened we're gonna pay him back bay. Am I missing something here?.
"economic adviser" Discussed on MSNBC Morning Joe
"Any travel plans the end of this week and into the weekend in areas of the east a lot of issues at the airports. We lead you in New York City and time square mostly avoided the snowflakes this weekend. Hugh chair of government workers. We're gonna take medication days say between Christmas and news. And then we have a shutdown, and so they can't go to work. And so then they have the Bakke Shen, but they don't have to use their vacation days. And then they come back, and then they get their back pay. Then they're in some sense. They're better off. White House chief economic adviser Kevin Hassett comparing the government shutdowns impact on nearly eight hundred thousand federal workers to a free vacation. Yeah. Except they have zero money zero that they're getting on their paychecks with no end in sight emiss-. I don't really know how to put into words the heartlessness of this administration as they try to characterize this shutdown. What are your thoughts moving forward? And for all of these workers. How do they know what tomorrow holds in terms of their pay will the answer? Simply they simply do not know people are incredibly anxious. They're incredibly stressed just to run through some of the things that we've been hearing at PBS NewsHour. There's a woman who postponing her surgery because she can't afford to have it without knowing if she's going to be able to have the money to take care of herself. There are people were putting off being able to buy a house. There are people who are putting off being able to move into a section eight apartment because the department of housing and urban development isn't doing what they need to do. There are people who are on food stamps and are still worried whether or not those stamps are going to go the federal government is saying that they're going to fund those teams, but I was talking to people in Miami who are still very anxious about whether or not they can do this so over and over again across the country. We see people who are trying to make do and trying to figure out how to to really live their lives as government shutdown stretches on and I want to add federal private contractors. These are people who aren't federal workers. But who are contractors? They work all across the DMV there thousands of them out there. They're not going to get back paid. So for a lot of families that work with the federal government there. This is not a paid vacation this this is going to be this. None of occasion at all. No one that I've talked to has at all characterized this. It's a vacation. So a lot of people have financing me..
"economic adviser" Discussed on WCPT 820
"I was reading a biography of Henry Wallace eggs secretary under Roosevelt Roosevelt in nineteen thirty six early in the year election year Roosevelt comes to Wallace and says, I don't want the price of cotton to drop this year. I don't want the price of cotton to drop below whatever cents a pound, and it can happen after the election. Whatever. But I don't want it to happen. Before election. Trump will be doing got as his chief economic adviser. Larry cudlow Kudlow knows what you have to do to make any copy roar. You press the accelerator down what you have to do. And it's a combination of. Federal stimulus and keeping interest rates low, and they're pressuring the fed to keep interest rates low, and they are talking about about throwing stimulus out of booming economy. I mean, and they might even get the Democrats to go along with it. Right. The infrastructure plight. Well, oh my God. If happens, well, we're gonna unfortunately going to have to leave it there that is a possible scenario. But I think they're too many distortionary force is going on in the economy that even if that happens, I don't think wait scenario. Well, we don't really have a lot of time to go into my scenario, except the I would just say, I think he will try something like that. But I think there are a lot of monop- cine forces in the purchasing of labor power right now that's gonna make it tough on a local level c wages go up significantly. But and I hope I'm right? Because if you're right, we're really really screwed. So. Unfortunately, going to have to leave it there. But in the meantime, we can organize for change, and we can demand that our politicians move dramatically to the left and offer a meaningful to this agenda. So yes, Richard. We're going to have to leave it there. I sorry about that. But Thomas Frank author historian latest book, or what's it called rendezvous with oblivion? Yup. Remember that last chapter, by the way, if this actually happens. Okay. No, you will be considered prophetic by the few people who are. Really? I really don't want right. The people wandering that blasted health. Scape will speak your name with Reverend. And unfortunately to leave it there Thomas Frank Becky so much for joining us as my pleasure, Richard. And we will be right back after this. I am Richard RJ s Cowan this is clearly this hour. Hello, everybody. This is Richard RJ J cow from Missouri..