35 Burst results for "Eight Trillion Dollars"
Biden to the nation and world: 'America is rising anew'
"In his first address to a joint session of Congress president Biden says the nation and world should know what the U. S. is on the rise again the president says the nation stared into the abyss of insurrection and the pandemic and did not flinch America's rise pointing to vaccinations and job creation and urging Congress to do much more on immigration gun control voting rights he's also pitching a fundamental transformation of government's role in daily life from one to the generation vestments in our families and our children a one point eight trillion dollar plan for free pre school and community college among other things which he says will help keep pace with competitors the speech came before a pared down crowd with lawmakers and others in masks including the two people seated behind him for the first time in history they were both women Sager mag ani Washington
Biden to pitch sweeping 'family plan' in speech to Congress
"In tonight's speech to Congress president Biden will pitch a plan that would fundamentally transform government's role in American life it's a one point eight trillion dollar investment in what the White House calls human infrastructure a sweeping plan for universal preschool free community college billions for child care and monthly payments to parents the kinds of policies that deal with human infrastructure are just as important as roads and bridges top Senate Democrat Chuck Schumer says it's the kind of thing America should have been doing for years G. O. P. chief Mitch McConnell sees it as another democratic spending spree another multi trillion dollar smorgasbord of liberal social engineering that would decimate entire industries the president pitches paying for the plan through tax blues on the wealthy Sager AMAG ani Washington
Guest Teacher Janel Dyan on How to Invest in Womens Leadership in Your Company
"Today. We'll be talking about why in these unprecedented times. Women in leadership are essential to your company. Short-term growth and long term survival gender and racial equality are certainly hot topics of conversation right now but there are some organizations that are ahead of the curve and like me have been focusing on the equality of women and women of color for years and these are my clients women in leadership women on the rise women entrepreneurs and women at the helm of fortune five hundred companies today such so what lincoln and ford motor company and helping them grow as leaders. What i do best over the past seven years. I've worked with females of all colors and varied backgrounds from the bay area to new york. They are not only having a huge impact today but they are paving the way for all future female leaders industries historically dominated by men. And here's what i see. The companies who have made it a part of their core tenants to support an invest in diversity programs for the leadership development of women are the companies who are now today's industry leaders and it's not only for the products and services they provide but more importantly as a brand that people want to work for by from remained loyal to the shifted their measurable for success to include strong corporate culture of innovation employed growth customer loyalty and diverse leadership team who focus on purpose. And not just on the bottom line. They understand that their greatest assets are their employees and they have dedicated their efforts to be a brand that is people focused and purpose driven during our time together. Today we will focus on three lessons. You can walk away with first because women are. Today's largest and fastest growing global consumer companies need to shift their brand strategy to recognize the powerful role that women in leadership play driving economic growth. Next we'll take a look at why the greatest leaders are master storytellers and how powerful story can be and finally will cover some tips for building a culture with equality in its foundation including ways to establish promote an invest in fema leadership. So let's get started less than one. Women are the fastest growing global consumer and it's imperative that companies adjust according to. Brigitte brennan author. Why she buys and winning her business. Women make or heavily influence. Seventy to eighty percent of all purchases across all industries which means women are every company's largest target customer to truly capitalize on this customer trend companies. Must do a better job creating products and services with female buyers in mind. Companies must create a brand that women will buy from advocate foreign remain loyal to the companies who are most equipped to connect with women are led by other women and their leadership results have a positive impact. On company performance. The profits higher margins add more returns for investors leaders such as saffir cats of oracle and mary barra of general motors. it seems like commonsense. But it's actually not common practice. Facts are that only. Eighteen percent of global firms are led by women and according to this year's forbes annual report the number of women. Ceo's running fortune five hundred companies since it just seven point four percent so clearly. There are strong logical ethical and financial reasons to put more women at the helm according to study by mackenzie if we can close the gender gap by twenty twenty five twenty. Eight trillion dollars would be added to the global economy and to put that in perspective that is the size of the economies of the united states in china combined. Right now during covid and racial injustices at the forefront we find ourselves in a global economy with the future unknown. These challenges are now calling for new leadership no longer one of command and control but one of collaboration community one of the biggest actions that any leader can do right now is be transparent and empathetic to their team members and customers because anxiety and uncertainty are heightened during this time of crisis emotional connection on a basic human level between the leader and employee has never been more important than right now a recent study done in two thousand nineteen by mit sought to determine the makeup of the most effective leadership teams and those are the teams with the most women especially women of color as they are leaders who bring a deeper understanding of resilience. Women are also more likely to have empathy for those struggling to deal with change or lack of inclusion become role models for the change that they seek and are willing to share inspirational stories to motivate to embrace change they are in general more inclusive and collaborative making in leadership style which is a combination that continues to prove to be effective in getting companies to move faster in times of change lesson to the power of story. Why greatest leaders are master storytellers. We all love stories. In fact stories are what differentiates us as human beings. It is highly forged connections among each other and they'll trust as a community each stories an emotional journey that reinforces shared beliefs values and vision that we can all relate to from drawings on the walls of cave with stories of heroism folktales. That are full of more lessons to generational family tales. That remind us of our roots. Human beings need to feel that we are part of something greater than ourselves stories. Reminders that through tough times we will come out to the other side stronger wiser and more unified than ever stories. Bring us back to the beginning and remind us of who we are and what we do in stories creek clarity in our purpose and vision to get their. The greatest leaders are master storytellers. Simon sinek author of the power of y in infinite game says beautifully leaders aren't responsible for the results. Leaders are responsible for the people who are responsible for the results. It is during these times of crisis that provide an excellent opportunity for leaders to communicate stories of incredible vision for the future showing empathy advising with humility and providing optimism. For what lies ahead. They also understand marketing at its core is simply about storytelling. and it is the stories. They choose to tell that can differentiate brand as an industry leader communicating the values of the brand with the product and services they sell. I mean who wasn't choked up watching google's tearjerking super bowl ad of a love story that began with a simple question how not to forget. So tying back to what we learn in less than one about women being the largest and fastest growing global consumer with the understanding that stories have power companies must give their products and services a story that women now can relate to and what better way to do that than with women at the helm leading the way finally lesson three building corporate culture with gender equality in its foundation companies with strong female leadership such as new york stock exchange. Pwg and google are continuing to create more equitable inclusive and fulfilling workplaces for all women and the investments are already proving to return tenfold to their bottom line.
Biden unveils $1.9 trillion COVID-19 relief bill
"Resident elect. Joe biden addressed the american people last night. Unveiling nearly two trillion dollar economic stimulus plan american. Rescue plan that will tackle. The pandemic can get direct finance assistance relief to americans. He said the proposal would send more funds to state and local governments largely to help speed up. Vaccinations and safely reopen schools is proposal. Also calls for another round of stimulus checks. Fourteen hundred dollars for most americans also provide more peace of mind for struggling families by extending unemployment insurance beyond the end of march for millions of workers will be a four hundred dollars per week supplement but the proposal comes with a one point nine trillion dollar price tag. Congress passed a nine hundred billion dollar stimulus bill last month in many republicans are skittish about adding more to a national debt. That is now approaching twenty eight trillion dollars.
Mnuchin makes $916 billion offer to Pelosi for COVID relief bill
"A nancy. Pelosi has refused. The white house's offers on stimulus deal multiple times so this was in october. This is according to business insider quote over the weekend. The white house proposed a one point eight trillion dollar measure. The white house proposal includes a four hundred dollar boosting weekly unemployment insurance twelve hundred dollar direct payments for us adults and thousand dollar payments for each child. The washington post reported democrats have pushed for six hundred dollar increase in weekly unemployment benefits and twelve hundred dollar payments for child. Dependence is well substantially more funding for state and local governments the democratic proposal. Also though it comes up it includes left-wing policies and left wing proposals. That have nothing to do with the virus or with mitigating the risk. So there's lots of left-wing pork in there that the republicans understandably do not want and are not going to let pass so it's not just a matter of numbers. The disagreement here but pelosi has rejected time and again any good compromise. Coming from the white house are coming from republicans for months plus insisted that a covid relief bill would have to be at least two point two trillion dollars. She turned down. Like i said a bipartisan. Deal one point five trillion dollars in also trump's one point eight trillion dollar deal but now now interestingly she has decided that she would support a nine hundred billion dollar covert relief bell which is obviously last in the one point eight trillion dollar trillion dollar bill that trump offered in his negotiation and she was asked about this. Cnn's menu rajoo. Ask pelosi if it was a mistake to shoot down the previous compromises the previous bills and she became very agitated. She was very annoyed by this question. This question of okay. Why are you supporting a nine hundred billion dollar deal now and you rejected the one point eight trillion dollar deal that trump offered you a couple months ago she got very annoyed and said. Do not characterize my actions as a mistake if you want me to answer your question. Here's a video of that over two months ago when he said i will not accept. Apple's tastes characterize what we did before as a mistake as a preface to your question if you want an answer. That was not a mistake. It was a decision and it has taken us to a place where we can do the right thing without other. Shall we say considerations in the legislation that we don't want so we're very pleased at where it is as i say with a democratic president committed to a scientific solution for this with the idea that we will have a vaccine. It's a complete game changer. From them so she basically admitted at the end of that clip and we kind of splice together. Different parts of her answer will include the link to the full press conference in the description but she basically says look you know don't characterize that as a mistake it wasn't a mistake. We had other considerations and other considerations she kinda reveals at the end of that is that now they have a democratic president. And so it's okay if they pass a bill so long as trump doesn't get the credit for it and because we have a vaccine now. We're able to give people less support than we wanted to. Before the fact of the matter is she just didn't want to negotiate with trump. She didn't care the people were suffering. She didn't care. small businesses. Were being closed down and people's lives were being ruined and families being put a very desperate situation. She didn't want to give trump any credit for the relief. They very well could have offered.
Biden says he supports plan in Covid relief talks
"Optimism about stimulus phase. Four lot. jack callaghan fox. News approval could come next week on a compromise. Bill to further stimulate the economy in the face of searching epidemic. Two months ago house speaker pelosi rejected a white house offer for one point eight trillion dollar relief package as not extensive enough. She now supports the compromise. Bill that proposes to spend about half that that was not a mistake. It was a decision and it's taken us to a place where we can do the right thing without other. Shall we say considerations in the legislation that we don't want now that is now the fact is i'm very proud of where we are. President-elect biden supports the plan and said friday. They'll be more efforts to boost the economy after he's sworn
Deadline looms, but COVID relief deal may be far off
"House speaker Nancy Pelosi reports progress on efforts to reach an agreement on a corona virus relief package but she has said today is the deadline to get a deal done before election day without an agreement at least in principle by today hello she thinks it will be too late to enact anything by election day in history shows prospects for a deal on the lame duck session after the election would be slam pelo see negotiated yesterday with treasury secretary Steven Mnuchin and her office says the two sides are narrowing their differences however the same core differences remain the administration has increased its offer to one point eight trillion dollars but Pelosi prefers a package of more than two trillion might help in Washington
Could you handle a surprise $250 expense right now?
"Everybody a lot of big numbers with which to begin the program today, and then a much much smaller number, and arguably it's the smaller one that is more of a problem. One is definitive about the political machinations surrounding the American economy right now, those negotiations over a relief bill one is definitive at one's peril but we seem to have arrived today at the proverbial line in the sand by way of Refresher Speaker Nancy Pelosi and House Democrats want to spend two point two, trillion dollars on relief bill the White House, the president of the United States Treasury Secretary Steven. MNUCHIN. They say they are good with one point eight trillion dollars. Senate Republican, Leader Mitch McConnell Today in Kentucky Though said this you're correct were discussions going on between the Speaker about an hour now. That's not what I'm. GonNa put on. McConnell. Is going to put on the floor. He said a five hundred billion dollar package that'll be next week sometime. So those are the big numbers. The smaller number is two, hundred, fifty dollars just to fifty no extra zeros and it's one of the key data points from the latest addition of the marketplace. At research poll, we're going to be digging into it for the next couple of days and today as well. But the upshot is that all is not well once you get past the economic headlines One of the questions we asked people was if you had an unexpected expense of two hundred and fifty dollars, two, hundred, fifty bucks, would you be able to pay it forty seven percent of people almost half of Americans said it would be somewhat or very difficult to come up with cash. Since. The pandemic it's Ben We haven't really had much expendable income. That's Ashley. Since she's twenty seven, she's a first grade teacher in Monterey California at the beginning of the pandemic my boyfriend was laid off from his cooking job and so now it's kind of just. My salary and then the little bit of benefits that he gets, which covers blake rent food. But only barely like there's there's not much else one reason why there's not much else those expanded unemployment benefits the extra six, hundred dollars a week we told you so much about they ran out almost three months ago. See also negotiations over those big numbers that we started with. When he had the federal benefits at least we had like a little bit of wiggle room where it was like okay. If something happened wouldn't be like the end of the world right then. But now that that's gone, that's also kind of not there. Anymore Ashley's ends one of the respondents to the tenth addition of the marketplace. Edison Research poll out as I think I've said, today we through some new questions in the bowl this time cuz pandemic and some of those questions were about kids and parents and working and schooling from home. Those are among the biggest challenges millions of people in this economy you're facing and as marketplace's Megan McCarthy Carino reports it is mostly women who are facing it. Normally Emily Smith supplements her job as an heirloom vegetable farmer in Ohio with a part time winter job. But this year she's got a lot going on at home her nine year old son is doing on again off again, remote school. It changes week by week according to infection rates in our county I have to be here. He's not really old enough for me to. Go anywhere one time while he was in class, she left to run a quick errand down the street I come Rahm, and it's like he's sitting in front of the TV with his computer Smith's husband works fulltime outside the home. So she's in charge of schooltime our marketplace. Edison. Research poll found a stark gender disparity in WHO's primarily responsible for supervising remote learning sixty three percent of mothers said they were compared with just twenty eight percent of fathers. These disparities have kind of already been there but they're really getting exaggerated by how the pandemic has kind of taken away a lot of the scaffolding that makes working families tick. Darby Saxby directs the Center for the changing family USC. She says before the pandemic women in heterosexual dual income households were already doing more household labor despite the fact that dads have tripled the amount of time. They. Spend taking care of kids over the last fifty years. Now with childcare hard to find an extracurriculars canceled its mothers who are mostly picking up the slack. You know women are generally socialized to kind of be more the managers of of their kids, development and education in our poll. Roughly equal shares of men and women did say they had made career sacrifices to care for family during the pandemic or had cut hours at work to deal with remote school like Fain Young in Philadelphia who's juggling his it job with studying his BA and helping his five kids at home to definitely taken away from anything else that I would have otherwise done. And that time otherwise would be consumed either with my career or my own education. Dan. Carlson at the University of Utah has found well, moms are more likely to be in charge of remote schooling. DADS have stepped up to take more equal share of routine housework and childcare during the pandemic Manhattan stepped up the way they did it would have been even worse so it was not enough to stem the tide. You know as like a finger in the dam, the latest jobs report from the federal government found more than eight hundred thousand women had dropped out of the labor force four times more than men. I Megan McCarthy Carino for marketplace
The Verdict on Trump's Economic Stewardship
"President Trump speaking to the economic of New York and various economic clubs across the country and we had questioning from Senate O'CONNELL of the Economic Club of Florida David Rudenstine of DC and Mike. O'Neill. The New York we have Michael McKee with us now our chief. Correspondent for all things economic both and. and Michael a very serious conversation here the president's putting out some ideas couple of inflammatory statements like how Joe Biden Presidency would be a socialist dream in American nightmare. But at the end, he was asked about things like infrastructure stimulus national debt did we hear anything new from the President? No, but we haven't been hearing much new from him throughout this campaign. It's he mostly talks about what happened in the previous three or four years and he talks a lot about, of course what happened to the Obama Administration? The questions he was asked about infrastructure spending he didn't answer. He said what he always says about many different things that he has a plan, but there's never any plan they were coming close to a deal on infrastructure at least Democrats in the House and the president when the President got upset with Nancy Pelosi and broke off the talks and that was two years ago and nothing's been done on infrastructure since. The House and Senate have a very big differences about how you would pay for infrastructure and how you'd structure the program. He said today the walls one of the biggest infrastructure projects ever. That's not true. He did shut down the border under the guise pandemic protection. So that part of what he said about the wall was correct he was asked about the deficit. and. Has Somebody. Else says quite often about this. This is one of those. Up his down down his up trump statements, he said the deficit was falling and we were GONNA pay off interest costs and start paying down principal on the deficit before the pandemic hit. That's one hundred percent one, hundred, eighty degrees opposite from what was happening deficit was rising significantly before the pandemic because of the tax cuts so. It's hard to know exactly what he was trying to do other than insult. Joe Biden and and stir up his base. Yes. Absolutely I think that's probably what we can expect from him. As we approach the elections three weeks left and we're going to get viewers questions. You know at some point tomorrow night's tonight and facts as we will be hearing a lot more from the president on economic matters and so on. But really nothing moves the needle. Until we get some more idea of what happens with stimulus and Ardley Nancy Pelosi doesn't look like. She's about to give in to to to president trump's requests or whatever republicans are requesting not that that's now well, even here's the thing we have to remember that even if the speaker of the House and the Secretary of the Treasury agree on some kind of deal, it would have to pass the Senate as well as the house. A number of house members have already suggested Dowse House Democrats have suggested they would vote against it because. They don't think it's big enough and. The question then becomes how many Republicans would vote for it if it's not considered big enough then in the Senate, you don't have fifty senators who approve of it. The Democrats are pretty united against it and half of the Republican senators say they don't want to spend anything. So at this point, there's a lot of focus on wall, street about the talks talks. In quotation marks between Nancy Pelosi and Steven Mnuchin. But the odds of something actually happening particularly before election day very, very small. Yes and for some reason and she wasn't quite care about yesterday when she was speaking with Wolf Blitzer Nancy Pelosi is not willing to even consider this one point eight, trillion dollar stimulus. What is it in their Michael? Can you decipher? that. She's so against she was actually quite angry with the to Democrats that said that they should be accepting this. The part of the play. A part of it is the way the money is distributed. Part of it is the amount of money for states and localities is not enough they believe and part of it obviously is politics. They don't WanNa give, Donald Trump. He kind of victory before the election you remember the last time when the cares act was passed in the twelve hundred dollars was going out for those who got it in check form trump held up distribution of the checks until he could have his name printed on it and last thing Nancy Pelosi wants is for voters to be opening their mail the day before the election and seeing Donald Trump giving them twelve hundred dollars. Yes that is to I'm sure and also presumably that machine is up and running now. So there may not be so much of a delay this time around but there is an argument to suggest that people need cash. Now, no matter how it comes in a matter who gets the credit right Michael Danny lower on earlier saying this country is in trouble there is particularly because more people are losing their jobs. Now, as we're finding more companies go out of business and. The airlines are a perfect example not going out of business, but laying off tens of thousands of people because they don't have any business to do at this point, and that was one of the hopes of the stimulus bills that they could get aid to the airlines in the short-term But nother interesting statistic came out from the New York Fed yesterday of the people who got the stimulus checks the first time around average of about twenty four, hundred dollars each seventy one percent either save the money or paid down debt. They have money in the bank and so if this. Rebound continued to go faster than expected. We might have a tailwind and we might need less of the stimulus checks I think the biggest difference now is that there are going to be people who. Didn't save. Don't have the money who are losing jobs permanently who may need something yeah. I found that phenomenal as well when you consider just how many people are at food banks in food lines as well who were once you know happily employed or all of the people around Orlando that are living motels because they'll also job at. Disney. For example. have to move every two weeks. Otherwise they risk you know Being, a problem for the Ho- The motel owner because after two weeks you can't you know get victim normally you have to go through the court process i. mean there are an array of stories out there about people suffering, Michael. What should we be concentrating on over the next couple of days? It's feels like Joe Biden needs to get more of an economic message out there. Actually, Biden probably needs to publicize it Joe Biden. If you look on their website has a very extensive economic plan that. Involves taxes infrastructure Various Pandemic Recovery ideas and Donald Trump and I'm not saying this to be part of Donald Trump has nothing. If you go to his website, there are literally no proposals for a second term and so it's kind of hard to know. what he would do and Biden perhaps wants to make that case a little bit more Donald Trump talked today about. Biden plans but if you notice it in his speech, he didn't say what he would do. He talked a lot about how bad the Biden and the Democrat tar and that's one of the problems people have suggested that we're seeing with trump's poll numbers is that at this point he is. Talking, about the previous four years and a lot of people didn't like what happened in the previous four years outside of the tax cut. and. He's not talking about what happens in the next four years or even in the next year and that makes it hard to make a case for your election. Yeah, it's a it's a phenomenal time and a lot of people pointing out now that if we don't get something before the election, it's going to be January. Before we're able to do more stimulus Michael thank you really appreciate your input and listening to that for us with Michael McKee. International airports, and policy. Correspondent.
White House Draws Up New $1.8 Trillion Virus Relief Proposal
"The White. House. is preparing a one point eight, trillion dollar corona virus relief offer that's according to people familiar with the matter it's the administration's biggest proposal to date in its long-running negotiations with Democrats in Congress White House Advisor. Larry. cudlow. Says that President Trump has approved a stimulus plan that would include aid for small. Business Airlines as well as checks for households, treasury secretary, Steven Mnuchin, and House Speaker Nancy. Pelosi or expected to discuss the administration's proposal today US stock markets jumped on the news at midday the Dow Jones Industrial Average was up nearly a percent and the S. and P. Five. Hundred and the Nasdaq each up more than a percent stocks are on track for their best week since August
Pete Buttigieg and Joe Bidens's Economic Policy
"Presumptive, Democratic presidential nominee Joe. Biden rolling out his economic policy today. He's going to travel the Pennsylvania near his hometown. Scranton the agenda slogan is build back better. His campaign team says that Biden will prioritize small business workers and plans to focus on inequalities that prevent minorities from reaching a fair economic plainfield. We're going to hear a lot more about the plan from Biden campaign surrogate. Buddha judge is going to the squad team and just. To remember that the broadcast news. What is it? Bring back better, a lot of alliteration for remember that quote from broadcast I can't remember what it was, but Yeah, BRING BACK! A lot of bs there. Build back better is the name of the former vice president's economic recovery plan. That is the work of task force between Biden and Senator Bernie Sanders the key idea. Bring critical manufacturing back to the United States with incentives for companies and seven hundred billion dollars in earmarked funding for government contracts for American firms and Research and development. The campaign says this will create eight million new jobs if that sounds similar to president trump's platform, it is. Thank you very much. Thank you all for being here. A. Last year trump signed an executive order that would prioritize American manufacturers. In certain federal contracts, the Biden campaign says trump's efforts are working and contracts to foreign companies are up thirty percent. Vice President Biden has said he'd raised three point eight trillion dollars by increasing taxes on individuals, making more than four hundred thousand dollars a year and reverse in corporate tax cuts. Now this roll today will include a speech outside Biden's hometown Scranton Pennsylvania and. And his one time rivals from the Democratic primary race remember that it was just a few months ago are out in force today to support the former vice president and his plan one of them join us on Squawk box, Mayor Pete, the former mayor of South Bend Indiana Peop- Buddha Jr here's Joe I'm just going to call you. Mayor Pete I guess we all just feel comfortable feel comfortable. Everybody does around here countering next radio. I'm going to so we understand the primary process, and you understand it as well as anyone and we've seen it on both sides. Sometimes, there is a tendency to move towards the. Basis with some of the programs, and then when when it comes to governing, maybe you become more centrist and I'm just gonNa tell you. Here's the headline for this mirror. A Biden to map and economic path delaying progressives, biggest plans and I think Kayla alluded to it that he's going to call for a moderate approach towards reviving the US economy. Is that how you see it? And is that the right prescription to win, but I think there's a lot of boldness and the level vice president. Biden wants to invest in America I. think that's not only progressive already, but it's something that people across the out. We're going to I. Think it's in keeping with Joe Biden's instance to bring people together, but I think it's also in practical terms. What makes sense early on? We need to invest in our own competitiveness. In order to grow your own, and in order to compete with increasingly powerful economic competitors like China, we need to make less dependence on Safai chains for critical goods and infrastructure light. We're seeing right now with armed soon which she's on countries like truck and we need to make sure that American workers come I to me that nets bedrock through what democratic are spout, but I do agree with you that you don't have to Iraq Democrats to see why this is a good at. was so in the plans were pretty expensive as you know. And it was pre pandemic, and it was pre-, twenty, five trillion wherever we are right now, so this is cost a lot and inflicted a lot of economic damage and. Hopefully we're GONNA. Come out of this, but it might take years so. I mean. Is there something to that that it's not the we're not in the same position to be able to maybe be as as as free-spending with some of the democratic programs. Do you think do you agree with that and? We're GONNA need to to try to pay down some of this that with our taxes. No Democrats go is one of the first to talk about deficits and the debt, but the reality is. We can't afford not to make these vestments score. We will see economy stagnate, and since we're in a moment of distort low interest rates, and since these kinds of investments every time America's none have paid off investing our competitiveness in our infrastructure in our manufacturing base. Frankly they have much irate return than tax cuts, so as economic stimulus goes. I think this is the right way forward. Of course we got to be smart about the investments remain, and of course you can't get something for nothing. But, if you look at the overall picture, where are headed? We don't have a choice and we can handle these kinds of investments if we make before it's too late to a the I think that lowering corporate taxes helped. Corporations, become more competitive. Bring money back I think it. It was somewhat responsible for what we're pretty good. Economic Times before the pandemic and terms of historically low unemployment rates across the board. And some of the deregulation. The vice president is going to reverse the at least a portion of the corporate tax cuts. Do you not think that that that that plan helped the economy, do you? Do you disagree that lower corporate rates were were a boom for the US economy, and it won't matter to reverse them. John, I'm very skeptical that those rate cuts should get hosted at credit. And by the way those rate cuts rent led directly to exploding deficits, and as part of the reason, why oddly enough not to be too partisan about this, but across my lifetime one hundred percent of democratic precedents seem. Deficits go down one hundred percent. Presences seem deficits. Go Up, but you can't get something for nothing. And will we gotta decide is what's a responsible at tat hats not deliver the kind of investments that make an economy. and. This isn't something we have to just use our imagination for we look at the evidence and the evidence across Merton. History is the one we're making robust vassals with responsible, but not excessive taxation, the gross but I. We've talked about it earlier that right now with where American businesses and how important it is to get the unemployment rate back down. It seems like not the most ideal time to raise corporate taxes now. We're going to need to pay down a lot of what we've spent. A and maybe. Rick Razor on wealthy individuals, but that may not raise enough either. Are you for a blanket raised in the marginal rate into what level? or What. What would you advise? Vice President Biden to propose for a marginal rate across the board. Well. I would advise him to look at the evidence and find levels of taxation. They're consistent with growth as they have been historically now, of course, in American history, the economy's growing much quicker under much higher marginal tax rates but I don't think we have to go back to what it was like in the in the sixties or seventies. Again. Period of in many of those faces product to depress looked online. Is You've got to pay for what you and we should be able to strike a balance in the United States, but what we can't do is continue with these deficit. Exploding tax cuts that we were told would pay for themselves. You can check. They did and now. That was before we got the situation. We are now the debts. It's why we need to make sure. We're looking at the investment side as well as the cost side what I really appreciate about the plan. That's vice-presidents laying out. Is it does? Mayor Pete just wanted to. We wrestle with this issue of taxes. All the time said it's one of the press. Two questions related to one is just simply the timing of a tax increase, and it's the question. We asked the vice president when he joined us now more than a couple of weeks back, and he said he would do it immediately. Even amidst this and the question I say is to the to the extent. There are small business owners out there right now. That are clearly struggling and trying to get up on their feet. Seeing a tax increase right in front of them. Just make the case if if that's the case you WANNA, make in terms of the timing. Of course there's going to be a look at conditions on the ground and a glass. Four months has shown us in really blunt terms. How quickly things can change and I know that a new administration will make sure that every step that takes this is consistent with what the right thing is to do based on what we see around us, but we also know is that small business will benefit from the kinds of investments that president housing. And that this country will be more competitive one and were not successful. When we're investing the foundations, no country can't get away with disinvesting in education in infrastructure and research the way we have, and for a very long and the longer you go disinvesting and all that. The the sooner it's GonNa catch to you for small and big business away, and you know we already reached a point. Where even when there were low unemployment rates, the American standard of living was not secure life expectancy down. It raises questions about how our economy has been lined up. This is a historic opportunity to make sure that it's working for more Americans and made just GonNa fall with with the other big debate around this table a lot. is about wealth, the the wealthy and philanthropy yesterday? Warren Buffett gave away two point nine billion dollars and. which is a great thing and philanthropy, and by the way has helped even during this pandemic in a meaningful way, but oftentimes those shares are never taxed as we all know, and so the government will never be a beneficiary and other taxpayers won't be a beneficiary of those successes. Do you think philanthropy should be taxed in any way well, it would make more sense for that to happen on the front end. Look, it's it's wonderful one. There are these major commitments such generousness by. Individuals, but we've also got to ask how things got so unequal in the first place, because if a little bit more that was making its way into a democratically guided process in other words, the kinds of Research and development that invent trillion dollar ideas like the Internet itself and Space Travel. Are we know our country is better off, and we gotta ask where the balances I would argue. Look thing about this. In the United States right now there is not one county, not one. Where a fulltime minimum wage were can't afford a two bedroom apartment time. There's somebody works for a living in a job fulltime. Can't afford to bed in the part. I would argue that if that were the case. If we had higher wages and more public investment, we wouldn't need to knots landing quite as much as we did. Mayor Pete the one thing that President Biden's plan has in common with President Trump says that it it really leans intimate in America and not just from a position rhetoric there looks like there are going to be real incentives real penalties to companies if they're not making things in America. Do you think globalization is dead? I don't think we have to choose between closing ourselves off investing in our own country on the contrary I think global. Market, we are more competitive when we are starting right here at home made in America is really news and the vice president's fine America initiatives. Really good news for us here. The so called belt where we know that we are Cape. Producing some the finest goods in the world, but there are so many loopholes or waivers in the system and. I think you all report it. You know. Australia's actually gone up an awful lot under this administration so I don't do this since. The president. Fighting. I view it as an opportunity for us to make sure that taxpayer dollars benefit American firms and workers first,
US government sees record monthly deficit of $737.9 billion
"Hi Mike Rossi reporting the U. S. government records its highest single month deficit ever in April the treasury department says the federal government racked up a record deficit in April due to a drop in revenue and massive spending to deal with the corona virus pandemic treasury says the government shortfall in April was seven hundred thirty seven point nine billion dollars the previous single month deficit record was two hundred thirty five billion dollars in February part of the April shortfall can be attributed to the tax deadline that was deferred from April fifteenth to July fifteenth so far for the fiscal year that began October first the federal deficit is one point four eight trillion dollars Mike Rossio Washington
"eight trillion dollars" Discussed on Biz Talk Radio
"The brain cells working you're listening to investors the end of quality programming it does this once again to so as I was saying there is absolutely no limitations the internet has opened up a wide swath of everything to everybody everything to everybody then I hear a lot about some people don't have computers I have to tell you so many cities have computers for everybody they really do and it's getting bigger and broader no limitations so there is no doubt in my mind once we get past this crap the vaccine is going to need it we're off to the races we the people will be off to the races the problem is that they continue to fail us they continue to screw us they continue to lie to us they continue to be corrupt look at those people who did things with stocks they came out with this P. P. P. the payment protection whatever which I affectionately call PP because small businesses were urinated on how is it possible that Harvard and Yale who have endowments in the billions got millions of dollars did you know that millions how was it Ruth Chris Ruth Kress thirty two four hundred fifty million in revenues how is it they got twenty million dollars I wasn't supposed to be for small business pot belly the restaurant chain got ten million how is that how was a big hedge funds got millions of dollars how is that how do we sit here and believe that the powers that be put this together to benefit wealthy or do you think they just screwed up which is does it really matter how is at Harvard and Yale with billions of dollars and if I did screw up and I put this out and I was the president of the state Harvard and Yale would be getting calls from me today saying send back the track and Nancy Pelosi will not put any more money into the small business thing that has run out and the kinda sorta on vacation small business got screwed how is it that the head of the federal reserve is injected eight trillion dollars in to Wall Street in a bunch of risk takers small business got three hundred bill can we see where a lot of that went Hartford again I think Harvard's and downs like forty billion dollars and they have the grapefruit the take money they took it I want to see if anybody is going to rip them to shreds on TV I'm returning okay JPMorgan a director named Steven Burke forty six point six million dollars of the stock in the open market yesterday now I will tell you that JPMorgan is up six dollars and forty five cents today the ninety three seventy eight as I speak not because Steve Burke bought stock it's because work is first today first is worse today Amazon's now fifty five today Netflix is down twenty JPMorgan which has been dead and up poor reaction to earnings up six and change so I'll just let you know if I'm you I'm just putting it in my file manager front and center that there was a guy in a diaper after JPMorgan a forty six point six million dollars of the stock in the open market and your buddy Gary Hanson buff this telling you that's a that's a sizable number it doesn't mean the stock has to go up but it's certainly good to know technically the only thing I can say to you is the stock is retested the low eighties several times over the last five weeks it's got a lot of resistance every penny to the upside technically so there's you JPMorgan Boeing is up seventeen dollars and eighty three cents today to one fifty two we have been telling you to avoid Boeing since four hundred Boeing stock hit a low of eighty nine when we found out they're going to get billions of dollars rallied up to one eighty six pulled back to one twenty is now been trading for the last two weeks between let's call it one for one thirty eight and one sixty it's one fifty one and change that's all I got nothing more to say they in outlook sees me they announced that one of their production of of the facilities we'll go back online soon and probably building a little higher low here the stock needs to get through one sixty to one sixty five which is a little bit away here and we'll be watching and remember our thoughts on Boeing who is going to be buying a lot of planes going forward hasn't the airline industry now changed for a while at least who's going to need to buy your plane since so many airplanes are in the desert and sit and hangers now of course they'll come back online but who's going to need more planes and it is not maybe going to take awhile to come back now Boeing still has plane order stuff Phil I do believe but I do know somebody sent me an article that a hundred and fifty planes were cancelled orders were cancelled recently and we still don't know if the seven thirty seven Max is going to get going again so I don't know I'll just say that needs to get through one sixty to even get a little okay but today's a good day for Boeing and it's eighteen times.
Special Interview With Professor Scott Lucas On How Coronavirus Is Being Handled
"Now across the pond the US is also in crisis management mode at the helm a man. Who's long suggested? He's just the person to have around when back against the wool President Donald Trump but despite his early dismissals of the gravity of the global pandemic the chance to become in effect. A wartime president seems to have shifted his tone somewhat. But and it's a question we've asked before is rhetoric enough it's a question before of Scott Lucas the US politics professor at University of Birmingham and he joins me now. Good morning to you Scott. I guess that's the question first of all empty words again from trump or does he have the stomach for this kind of fight the very best thing that could be done right now in the United States as the corona virus Surgeons there is Donald. Trump is put into self-isolation Either he removes himself or officials effectively. Push him off to the side. Because you've mentioned roderick is not just the factor it's rhetoric that trump has issued a series of false statements damaging statements in recent days that he's refused to take vital action needed for example to try to get medical supplies to states and it really is up to others in the administration. Vice President. Mike Pence the chief doctor in the Administration Anthony Fauci to stop as well as all those state and local leaders who have been taking the steps that have mattered so far. It's interesting. Isn't it if we talk about playing politics with something that's more important than that. You've got Democrats blocking legislation. That would potentially pump a great deal of money into the US economy. But they're saying look. The Republican bill is itself Skewed it's politically biased. It's favoring corporate interests the usual rhetoric. How is it possible that we've having these kind of political? Footballs kicked around when the stakes. So high I think is really important to get the rips on. What's happening with that package about one? Point eight trillion dollars that's being discussed in the US Senate and it was held up last night. And that is it's not a question of blaming one side or the other that's when you play politics. The Senate Republicans have put more emphasis on bailing out. Businesses including sectors such as airlines Democrats. Were saying that you need to have some type of check on type on that money that it isn't just simply a giveaway at the same time you need to protect workers including those who are losing their jobs and most importantly to protect families who are affected by corona virus. So it's a question striking a balance between those two And again even as the bill was held up from final approval yesterday Chuck Schumer the Senate Majority Leader was say he expects that there will in fact being agreement within forty eight hours Scott. It's pretty hard to ask you. Who will be happy with situation as it stands because it seems like probably nobody Maybe it's more Germane to ask. Who's MOST UNHAPPY? Cuomo is not happy. Blasios not happy. There's people who are trying to get things done and they're all not happy. What do we go from here? I'm going to check politics at the door on that question when you talk about what state local leaders are facing such as an Andrew Cuomo New York such as the governor of Illinois such as the governor of Washington State Jay Inslee when you talk about equally important all those officials all those doctors. Those nurses are on the front line. They earn a life threatening situation because they do not have protective supplies. And of course Americans who were being treated or in a life threatening situation because the country not prepared for Corona Virus. Now we can cast blame for why the country was not prepared but it is a central now that all of the blame game is put aside and that in fact this country goes onto a quo as you put it wartime footing but one in which he gets leadership from those who will lead if not necessarily the man in the White House Sco. I couldn't agree with that sentiment but it does rather is it a challenging question. Which is this election season? How on earth do you fight a presidential campaign especially with The incumbent being the type of character he is given the situation your describe him. It's it's GonNa continue not nevertheless as we head towards the autumn. How can this possibly work in any way before in terms of the campaign? You'll have to ask. Joe Biden. Her Bernie Sanders on the democratic side. But my opinion is you don't and in fact. In recent days Bernie Sanders has turned over his campaign to fundraising for Corona virus and for meetings on Corona virus. Joe Biden is going to start making statements about corona virus to call for the leadership. That's needed in other words. Even as Donald Trump might go to twitter. And talk about the fact that you know. He's Hashtag winning campaigning. Ineffective suspended here and then we'll get to the question the summer about making preparations for the election. And you might as well prepare yourself. This election may have to take place and be the first first vote which is held by national postal ballot. That'd be pretty extraordinary skull and I'm always intrigued to know to wear one should look for Guidance I if not for president in these kind of situations score is there a time again outside of wartime that one can look to see how domestic politics function and frankly how society continues to function given the pressures you talked about the risks to frontline staff to vulnerable people reassurance? It I mean if you can there are precedents one can look at for how the US has got on top of problems like this. I mean this is unprecedented in the sense that we haven't had a pandemic since the influence outbreak after World War. One it killed tens of millions of people That we haven't had a situation outside of wartime in this sense that this is happening in twenty four seven social media minute by minute second by second in that adds a dimension to it. But here's the reassurance because I'm seeing it here in the UK as well as the US and that is at a time when others may not lead at a time when others may deceive or may rant about the media and about their political foes in community after community. I'm seeing people that are helping neighbors that are sacrificing themselves from delivering post from serving in hospitals from providing essential protection and it is at the community grassroots level that the heroes are going to be fine found and it is those actions those individual actions that you don't get in the headlines that I think made the difference in date that's hope so scholars. Thanks for joining us this morning.
President Trump's proposed budget would slash social programs to fund defense
"President trump's four point eight trillion dollar budget for the upcoming fiscal year proposes billions more in funding of for defense we're gonna have a very good budget with a very powerful military budget because we have no choice yeah he but he says he would bring steep cuts to social programs analysts do and analysts say an increase as well in the
Trump tells Utah governor about Romney: 'You keep him. We don't want him.'
"Our politics lead today. President trump can't quit earlier today. The president spoke with the nation's governors. And and here's what he had to say to Utah Governor Gary Herbert About Utah. Senator Mitt Romney the lone Republican in the Senate who voted to remove the president. How's it been around me? The president trump on his vengeance store after getting acquitted and firing too key impeachment witnesses from their administration jobs as well as the brother of one of the witnesses and as C. N. N.'s Kaelin Collins reports for us. Now the president may just be getting warmed up today. The White House is standing in by the abrupt firing of two key. Witnesses in the impeachment inquiry they fired. They removed back to their original jobs. President trump has continued his streak of vengeance. Claiming lieutenant colonel. Alex deserved to be fired because of poor performance reviews while on the National Security Council though his attorneys called that obviously Asli False. CNN has learned before they were let go both Vin and anywhere Basseterre. Gordon Sunland or quietly planning to leave the administration. The trump didn't want them going quietly and fired them instead. Officials still claim it wasn't retaliation the president wants to retaliate. Because of the testimony testimony happened was in November and December. It's quite a while ago now in light of the firings Senate Minority Leader Chuck Schumer Today. Call the nation's inspectors general to protect whistleblowers whistle blowers telling the Pentagon vin was viciously attacked for bravely stepping forward. To tell the truth. The president is still lashing out at those he can't fire. WE'RE CONTINUING HIS ONSLAUGHT AGAINST UTAH. Senator Mitt Romney who broke with the Party and voted for impeachment. Romi you it today. Trump also touted his administration's four point eight trillion dollar budget proposal that features major cuts in eligibility changes in federal safety net programs like Medicaid food stamps and disability claims while boosting military spending. We're we're going to have a very very good budget with a very powerful military budget because we have no choice award now of course take. That budget is largely meaningless. It's a political. Political document is not actually going to go anywhere but this all comes as the president is going to have his first rally here in New Hampshire tonight since he was acquitted. Of course this is the first state that actually gave the President of Big Victory Twenty sixteen and we're being told by officials to expect him to make impeachment a cornerstone of his twenty twenty pitch to voters and expect him Antonin unrestrained tonight take all right Kaelin Collins with the wings live and let die playing behind her. Thank you so much. Let's chat about this so to Lou There is this push this spin by trump people that oh no. He didn't fire anybody. They were on their way out anyway but right after president trump fired sunland and had been reassigned from the National Security Council son. Donald trump junior tweeted this. Allow me a moment to thank and this may be a bit of a surprise. Adam Schiff were it not for his crack track investigative skills president trump might have had a tough time on our thing who all needed to be fired. Thanks Adam so I mean it's pretty clear what this was all about. Yeah yeah this is sort of a trump to step where he tweets something that maybe a little bit ambiguous that most people know what he's talking about and then his administration officials come out and say no he's not actually he doesn't actually mean that he means means something different and then eventually either the president or someone close to them spills the beans and says actually yeah. This is what I meant and I think it's pretty clear to anyone who's watching is that the president was waiting for his acquittal. Quito to get rid of and to target people he thought were disloyal. Even targeting the brother of a witness who no one in the White House and said why he was march out of the White House. The brother of Alexander intervenign someone who is not testifying was not part of this Ukraine scandal in any major way He was marched out of the White House. Unceremonious leave though. He's a veteran as well. So this is clear that the president is on a revenge tour and as Caitlyn said. There's a sense that more people could get caught up in this as
Trump rolls out conservative dream budget
"President trump sending his four point eight trillion dollar budget proposal to Capitol Hill today it includes money for border wall the president is expected to ask for only two billion dollars to continue the border wall but Pentagon funds are again to be diverted to the project in two thousand eighteen the standoff over border barrier funding eventually lead to a government shutdown and president trump's emergency declaration making military money available ABC's
Trump to Propose $4.8 Trillion Budget With Big Safety-Net Cuts
"O. D. president trump's twenty twenty one budgets arrived on Capitol Hill the more than four point eight trillion dollar budget plan was delivered to the house budget committee calls for major cuts to foreign aid and social safety net programs senior White House officials explain the budget would reduce spending on food and housing assistance and Medicaid by three hundred billion dollars cut foreign aid by more than twenty percent while raising military spending the fiscal twenty twenty one budget also includes a plan to extend the GOP tax overhaul passed in twenty seventeen the package is likely to face an up hill battle though in Congress especially in an
Trump budget to face skepticism, overwhelming politics
"President Donald Trump is proposing a four point eight trillion dollar budget plan that rehashes previously rejected spending cuts while leaving social security and Medicare benefits on touched trumps fiscal twenty twenty one budget plan set to be released today is meant to confront trillion dollar plus deficits but it is unlikely to generate a serious Washington dialogue about what to do if anything this election year the budget's most significant policy prescriptions and immediate five percent cut to non defense agency budgets passed by Congress and seven hundred billion in cuts to Medicaid over a decade are non starters on Capitol Hill but the trump budget is a blueprint written as if trump could enact it with out congressional approval it's already being criticized by house speaker Nancy Pelosi I'm Julie Walker
"eight trillion dollars" Discussed on WNYC 93.9 FM
"This makes the company with one point eight trillion dollars supporters of independence have won an overwhelming victory in the referendum on the Bougainville islands the authorities say almost ninety eight percent of those who calls that ballots bags separation of the South Pacific islands from Papua New Guinea and what's being seen as a major defeat for Hong Kong's Beijing back to authorities a group of international experience is resigning from his role in investigating the temperatures police force the panel said the police watched okay to advises couldn't properly investigate reports that the police had used excessive force against protesters the B. Morris quakes on whites islands in New Zealand leading to further delays in the recovery of the victims of mold of Monday's full kind of corruption experts said the tremors are likely to continue they've been angry protests in Mexico against a painting of the revolutionary leader Emiliano Zapata striking a chord pose on a horse notices he wanted to link the revolutionary leader to the struggle for LGBT rights but the protests in say the naked portrayed mocks him BBC news hi Adrian this is Laurie calling hi are you hello and welcome to in the studio from the BBC world service see recent meet some of the world's most creative people and finds out how they think and work I think there are two things we could do that one would be the office here in how would work and what we're doing yeah another one hundred features thank you Khan architecture center if our project I'm a lucky she and Reese and I'm heading to Chicago to meet Adrian Smith the man who designed the world's tallest building Burj Khalifa in Dubai is designed for judges how in Saudi Arabia will take over the title once construction is complete with the building more than one kilometer high I want to find out what motivates amount to keep building toward that and I want to understand his personal ambition for creative architecture a tourist kind well the problem of your national I need a tree in the Chicago architectural center Adrian's phone designed this two story building which overlooks the Chicago River and its houses models of many famous architects buildings from around the world this is the model of for the Chicago area as well central area going down to John Hancock and over to McCormick place it.
"eight trillion dollars" Discussed on Newsradio 700 WLW
"Photo shoots she was trying to pose seductively in a Lamborghini her heel slipped off the brake and she accidentally drove the Lamborghini into a pool well which is nice what you make it I don't believe she was naked but the car is ruined we have pictures of that I got a text here from Jay Phillips the superintendent that deer park who says they've tried to schedule Korean high school now for several years in Coleraine is stuck in the park is that true or not I don't know who is the new coach of coloring it was Tom bold's I think it was I didn't ask you that is the new coach I don't know I can't remember his name it's we get a hold of him and telling the park once you will they probably already got the schedule made this year the pie you know one eventually play of twenty twenty seven where it never why not Rachel please continue really this bill Cunningham stadium built by then at sixty eight trillion dollar stadium over there when you quit talking Rachel we you we also still have the video of the girl going face first into a bird on a roller coaster you seem to have that yeah you're pretty much like I really enjoy the video I love yeah so supposing Favio is I think I think Bobby hidden I've not had a Hawker an eagle or something that was the best you try to be so cool and dignified but as four heads wide open his blood pouring down he's going to be closing at bird got to this hair and he had a complete the ride with them in a way I I don't mean to minimize imagine being on the base and suddenly someone hit your head and you but I'll tell you what will you come home what do you do it's not like say let me off no no he just complete the ride bleeding and this poor woman I'd that's funny you see she was was fine now I mean she did not get hurt at all it was maybe a couple small bruises and scratch from the beak of the bird we can't speak to the bird the bird looks like the bird got the front of it the worst of it but for yeah I'd like that tie that Randy Johnson hit that verna ball game will never happen again of course you.
"eight trillion dollars" Discussed on TalkRadio 630 KHOW
"The overall price tag is more than forty trillion dollars in the next decade. You recently said in an interview that increasing taxes on the very wealthy, plus an increased corporate tax rate would make two trillion dollars over the next ten years. So where's the? To in case you missed that to two trillion. So she's only thirty eight trillion dollar short. Hey, no big deal. Right. Thirty eight trillion dollars gonna come from things that we need to realize when we look at something like Medicare for all Medicare for all would save the American people a very large amount of Miami. What we see as well as that system. Does your brain hurt? A new your ears hurt. But does your brain hurt are not just pie in the sky? They are many of them are accomplished by every modern civilized democracy in the western world, the United the United Kingdom has a form of single payer healthcare Canada. France, Germany, what we need to realize as he mentioned. Sweden. Because I want to talk about vegan that these investments are better, and they are good for our future. These are generational investments. So that not just they're not generational spending. Remember every time you hear a politician. I don't care if it's Republican conservative a liberal view here. Any politicians say we're going to invest got. I'm so sick of that. That means they're going to spend your money your hard earned money. Matter of fact, your great grandchildren's money because we're still borrowing a boatload of that money to our term bandaids, but they are really profound decisions about who we want to be. The professor who I wanna be. I wanna be her. I do I want to be Alexandria Cossio Cortes Turkey. You got really nice clothes. I can quit wearing white shirts. All the time. I could just get these nice outfits. I could have Bloomingdales or, you know, I don't know. I can't think of any what are some big name fashion, Mr. places on Fifth Avenue, Angie or on Fifth Avenue. I dunno. Rodeo drive. I'll go to rodeo drive and get outfitted for my photo shoots. And I just want to live in, you know, sometimes don't you just want to live in a in a fantasy land. If you're smart you understand economics, understand politics. You understand the culture you understand social social policy understand all this stuff. Sometimes don't you just want to be like them. Be so much easier as a nation, and as an how we want to act as the wealthiest nation in the history of the world, which we won't be. Of course, if we keep going down this path of spending money that we don't have. It's the ten year anniversary this week of the. Financial crisis. Tenure anniversary right now. I I get that. But the price tag for everything that you've laid out in your campaign is forty trillion dollars over the next ten years. I understand that Medicare for all would cost more to some wealthier people and to the government and taxpayers while also reducing individual healthcare expenditures. But I'm talking about the overall package you say, it's not pie in the sky. But forty trillion dollars is quite.
"eight trillion dollars" Discussed on Black Agenda Radio
"This is black agenda radio, a weekly hour of African American political thought and action. Welcome to the radio magazine that brings you knew scum and Terry and analysis from a black left perspective. I'm Glen for the long with my co host Nelly, Bailey coming up black political prisoners have been languishing behind bars for half a century, but are only now getting some major media attention and are black people's individual identities more deeply rooted in the social life and fortunes of a larger black group will talk with the author of the book consent not to be a single being. But first apple has become the first corporation and fishery to be valued at eight trillion dollars. But what kind of milestone is that we put that question to Dr Anthony Montero the Boise and scholar who is active with the Saturday free school. In philadelphia. Apple is more of a brand in terms of branding America as the center of technological advance and hence the suitor. But as you point out, the majority of people who worked for apple are people making probably the minimum wage in apple stores and most of the producers manufacturers of apple products in China, and they won't have jobs that long because the apple iphone and other devices will increasingly be produced by robots. But the larger question is, what does apple represent in terms of the world and the future of capitalism or one of capitalism, what it represents is the fact that capitalist. Production is the child of finance capital of Bank capital, and therefore it does not produce anything that is of great value to the people of the United States, especially working people a crumbling infrastructure, a crumbling education system, all across the country. People are poorer now than before the great recession and the country is in political turmoil. But apple has reached a trillion dollars. It is in many ways, a meaningless achievement for the vast majority of the American people. And for the people of the world is far as that is concerned. This in many ways, it demonstrates the dual trajectories in the present hero. With those who have capitals seeing their holdings, increasing exponentially, and the high tech sector, which is increasingly a big capital sector, booming, but regular working people in a more precarious position than ever. Absolutely, which brings us to a topic that is seldom discussed, and that is the nature of who actually rules this country. And I'm of the opinion that we are under perhaps the most gruel form of the dictatorship of finance capital. They control not only corporations like apple and move their money off shore to the Cayman Islands or to Vietnam, or to China or wherever labor is cheapest, but they also control the the. Entire economy, they control the political system. They control the culture, they control out access to information. They control Facebook and Twitter and Instagram..
"eight trillion dollars" Discussed on WGTK
"But here's the rule of thumb these are cbo numbers is the government's congressional budget numbers not not numbers by people who are trying to make a point one way or the other and that is if the economy grows at three percent year instead of two percent up one point a year for a decade the government nets just through growth no tax increase and i got two point eight trillion dollars over ten years if you go from two percent growth obama levels to four percent growth ronald reagan numbers it's over five trillion dollars additional revenue over a decade you know every once in a while the democrats talk about some massive tax increase and they're talking about a trillion dollars or one point four trillion it's obama wanted and couldn't get in the second half of his presidency you do twice as well by growing at three percents to percents so instead of fighting around trying to figure out who to nick and take more money from people and slow economic growth and probably actually lose revenue if you'd focus on growth you'd have to you'd have twice twice what obama was desperate to get in taxes through growth growth is the best way to reduce the deficit one eight hundred nine five five seventeen seventy six our trade wars and increased tariffs say threat to growth they are and it's it's a challenge because trump has done so well on deregulation against all the headwinds.
"eight trillion dollars" Discussed on KDWN 720AM
"Hundred and eighty billion dollars or whatever it was or one point eight trillion dollars billion dollars in the iranian deal now people are talking about this news but if you remember that one point eight trillion billion dollars excuse me was money that we weren't gonna know about that got leaked and when we found out about it we we tried to hold their feet to the fire chuck schumer himself and i really should have cuts on this came out against the rainy and deal and now he's against what trump is doing we have a new sheriff in town ladies and gentlemen we have a man in the white house there's got balls okay any surrounding himself with others who have balls pompeo bolton kelly these people mean business and i'm here to tell you we're getting things done three people released if they're north and south korea can be made peaceful if some mural in all we hear about as a hooker and if you got paid for sexual hooker named stormy daniels in the news and an attorney who looks who's actually if i was a lawyer i kick his ass because all he's doing is making attorneys looked like they are there's dislike balls and next next that's my segment now in new york state this week yet the third attorney general in the state of new york to embarrass the office eric schneiderman in two thousand fifteen was called out by trump because trump said if you thought spitzer weiner abed wait tc schneiderman well obviously turns out to be true now eliot spitzer got busted for being a man like to play around with hookers he's gone we need i mean weiner like just show as weenie to kids on on facetime and now we have a man who says if you don't have sex with me i'm gonna beat you're buying and he's slapping fellow democratic women upside the head i mean can you imagine the disgracing the three straight times i think the straight people who represented the ag's office.
"eight trillion dollars" Discussed on KBOI 670AM
"The united states would run an annual deficit of over a trillion dollars when we have full employment economic growth nine years into a recovery if there was ever a time for a balanced budget it's now we have the office we're going any other direction because of this recent spending bill that was passed by congress that blew the lid off of everything the freedom caucus ever believed it blew the lid off of everything the tea party ever believed in about fiscal responsibility they below at the smithereens adding on all the additional deficit uh activities it's going on you can throw in the tax cut you can throw in anything you want because the estimate right now is they're going to about one point two trillion dollars in the next fiscal year starting october first now add these numbers up in the fourth quarter of this year we will be needing to finance in the open market close to two trillion dollars annual in new financing think about it because i and i'm talking about the marketplace year the marketplace will have to finance this supply because you're going at once we get into the fourth quarter you'll have this six hundred billion annual rate of quantitative tightening with these securities being thrown into the open market accompanied by an annual deficit rate of one bout one point two trillion based on current numbers starting in the fourth quarter of this year which is the first fiscal quarter of the next government here one point eight trillion dollars thrown onto the bond market let me ask you a question you think interest rates will go down with us supply with the economy a full employment with inflation skin concerns on the on the radar screen i don't think so you think they'll stay the same well that would be interesting wooden given that supply or do you think they'll go up so far there going up and the last year and a half they've more than doubled even the 10year treasury and by the way the thirty years also gone way up to over three percent now so these are questions that are investors are are are pondering and one of the.
"eight trillion dollars" Discussed on BizTalk Radio
"To com or giving out bonuses and i renew reinvesting in the company to create new jobs eight trillion dollars added to the to this us economy uh w what we're looking at uh more and more benefits and it's a lot of this is not only precipitated by tax reform but by the tremendous cod of regulations and it was two to one for every regulation that was going to be added trump was gonna cut to we're seeing cases where it's three and four this stranglehold is finally off these corporations it so they'll be hit it so clear companies grow the creates opportunities for new jobs in for people it creates more revenue more jobs i you know i i've heard a repair democrat line let's expand unemployment for another thirty six weeks it will stimulate the economy a my crazy how can this be happening how can they be saying this is a just cleared chance gagarin of his administration well yeah i can't stay what's in their hearts and minds but talking about expanded unemployment benefits when when the economy is probably going it's it's already below what you know greenspan had said was the national unemployment rate which will create inflationary pressures of their do right now people can't find workers to fill the jobs they have olsen sees the length of time that jobs are open for the filled is starting to push up into not record high territories were pretty high so uh yeah the fact that this is not the time when i think he needs to truly expand unemployment yeah that to say i i you know i i i'm not trying to fend anywhere and take any political sides here but there is a skills gap so even though unemployment is so low and it's taken a long time to fill these jobs there are there's a there is a mismatch between the skills people have in the skills people need especially with some.
"eight trillion dollars" Discussed on The 45th
"A bit about the hurricanes in you know in different natural disasters and not at all about climate change itself but about you know the heroes who responded the first responders once again he talked about the las vegas shooting the shooting of congressman steve scalise he but no mention of gun regulation he's got a lotta time talking about what he has done for the economy creating all these new jobs lows unemployment blah blah blah he said that he has of his one year in office has created eight trillion dollars value in the stock market and spent a long time talking about dimmer cat tax cuts and reforms he took a moment to to give his shout out to god he said that's our country is not about government not it's about fate that's about the odd i thought that was interesting about me it was kind of a kind of didn't fit like where he threw it in but there it is as a man of god i this did you guys watch his his pre court nominee sitting there watching the speech when he even talked about the new judicial appointments and then said you know we we got a supreme court justice on the bench the camera panned to two gorsuch end he i he was like leaning over i think and as he said he was saying something to sotomayor and he didn't even smile he just was like stonefaced hold because he knows that his legacy is always going to be tied to trump and people who look republicans aren't that stupid which makes what they're doing that much more insidious right now the styming of iman investigation enabling and emboldening are emboldening trump administration at.
"eight trillion dollars" Discussed on KQED Radio
"Market is smashed one record after another gaining eight trillion dollars and more in value so describe how important it is for republicans to coalesce around this message this year they would love nothing more to talk about that and nothing else for the rest of the year and run on that know the economy does continue to make steady progress republicans want to run a midterm campaign pointing out that pointing out their tax cut bill that that just past they've been promoting the fact that a lot of big corporations have been handing out bonuses are announcing investments and saying that's because of the tax code but of course we've been talking about many other things the news is focused on many other things often negative for republicans and that's by and large regularly because that's what president trump chooses to talk about two tweet about to focus on great we should just no no mention of robert muller last night no mention of the russia investigation something that has plagued his first year but lov on his twitter feed a lot on his twitter feed indeed so mara after the big the main event the state of the union this is the moments that than the opposition party gets to respond and democrats chose congressman joe kennedy familiar name familiar family of massachusetts to give the official response let's listen to a clipper this bullies may learn to punch they may leave a monk but they have never not once in the history of our united states managed metro strength and spirit of a people united in defence of their future now joe kennedy was the official response but maher there were by mike i mean there are four others right i mean a dangerous for democrats to look fractured in this moment i don't think it matters how many democrats gave a response to the state of the union joe kennedy was the official response and you know republicans started this the in the era of the tea party they used to have multiple responses to obama's uh state of the union's i think the time for democrats to be united is in 2020 right now they're just trying to win a lot of congressional races but uh joe kennedy tried to make the argument against donald trump without mentioning his name based on values and morals he tried to get away from identity politics he was speaking in front of a.
"eight trillion dollars" Discussed on BizTalk Radio
"Company so far and more to come giving out bonuses and i i renew reinvesting in the company to create new jobs eight trillion dollars added to the to this us economy uh w what we're looking at uh more and more benefits and it's a lot of this is not only precipitated by tax reform but by the tremendous cut regulations and it was two to one for every regulation that was going to be added trump is gonna cut tool we're seeing cases where it's three and four their stranglehold is finally off these corporations it so i mean it it's not clear companies grow the creates opportunities for new jobs in for people it creates more revenue more jobs i you know i i've heard a report democrat line let's expand on employment for another thirty six weeks it will stimulate the economy a mike krisi how can this be happening how can they be saying this is a just the chance gagarin of this administration well yeah i can't stay within their hearts and minds but talks and you're right expanded unemployment benefits when when the economy is probably getting it it's already below what you know greenspan had said was the national unemployment rate which he'll will create inflationary pressures of there you right now people can't find workers to fill the jobs they have opened the the the length of time the jobs or of open for the filled is starting to push up into not record high territories but pretty high so uh yeah the fact that isn't it not the time where i think can be to truly expand unemployment yeah that said i i you know i i i'm not trying to find anywhere take any political sides here but there is a skills gap so even though unemployment is so low when it's taking a long time to fill these jobs there are there's a there is a mismatch between the skills people have the skills people need especially with some of the states that have put in me minimum wages uh laws because that's pushing lowskilled labour out in favor of robots and selfservice and things like that too there are a lot of lowskilled labour said eddie getting pushed out of the workforce due to higher minimum wage uh requirements and and those people are going to have a tough time finding jobs so.
"eight trillion dollars" Discussed on WTMA
"Percent or twenty percent most of those job creators employers tell the national federation of independent business is they will reinvest that money into their companies they will pay their workers more they will give better benefit gates and they're inventory and the reach and they will keep their is jobs in this plants and their workforce in this country went to repatriate that two point eight trillion dollars it's been legally parked overseas back to this country wealth and jobs overseas now bring it back here bring it all home that's the president's goal route losers president trump is of course our first billionaire president and people think they're hearing well you know some people who make a lot of money who have done very well band up paying more is that true current of the prison is always said that uh people will hire account ones in attorneys to get them to pay as little taxes possible that's that's the but with the president wants to do is make sure that those who are hiring foe says you are in charge of hiring our job creators and our employers in this country are the two things are that they don't pay thirty five percent in taxes that a small business owners don't pay thirty five percent of taxes they'll have the pass through filers like i was for twenty two years is a small business owner they will file at twenty five percentage the other thing that he wants to make sure that happens is that people have the american dream of building a parallel universe you the traditional workforce and converting a hobby or a skillset into their own small business can can take.
"eight trillion dollars" Discussed on Bloomberg Radio New York
"Is bank of america corporate data outpacing to seven point two percent returns on us highyield bonds and five point nine percent for investment craig corporate securities and they're expecting more come next year so just i mean giving idea though of the investment flows that are going into this well um we we expect that fell these something on the order uh uh one point eight trillion dollars mortgages originated in the coming years some of that is uh we can am thing activities something like uh between uh thirty and forty percent of that will be people refinancing existing mortgage is so uh not all of that will be uh uh nazi we'll be uh nap new issue all that says significant uh edition in credit markets and it's clear now that credit quality a strong uh people that by houses uh r a approved the credit conditions that suggests they'll continue to pay so uh with some out on relatively lower expect to sell around thirteen billion dollars of credit risk transfer securities in your main programs next year soap him it looks like you know they'll be a lot there for investors play ramat yes no you don't doug maybe you can just all also just give us the so detail about your mortgage lending sentiment survey that came out the for the fourth quarter and it says that mortgage lenders that looking at twenty 18 with a negative outlook on profit margins mainly because of competition is the constitution emerges because the re there while we expect home purchase those sales to rise that will not rise as much as we finances will drop off so the feted they're going to tighten uh additionally in two thousand eighteen we expect at least two uh fed increases if economic growth accelerated too a little bit rates will move up and uh that will take more people out of the potential refinancing and the downturn in what you can an thing uh being greater than upturn can.
"eight trillion dollars" Discussed on KQED Radio
"Repatriation provision in the tax overhaul package that the republicans are proposing so there's about two point eight trillion dollars of these foreign profits currently booked offshore and the tax bills would say that we're going to subject them to a one time techs right now that tax rate is much much lower than the current 35 percent stecher tree right so in the senate it's a top rate of fourteen point five seemed for cash and seven point five percent for other types of investments republicans argue that the repatriation provision will help create jobs what do you think of that argument well we know that that's a promise that is unlikely to be a fruit because we've been through this before in two thousand and four congress enacted a cycle tax holiday which actually gave a text cut on those profits to lure companies back and multinationals repatraited more than three hundred billion and profits said a greatly reduced tax rate and there are multiple independent academic studies that showed that they didn't increase in basement doesn't increase jobs in fact the top fifteen repatriating corporations cut the us workforce's by twenty one thousand people and the three is after the holiday of all of this goes through what would happen to profits that are required after the ruling look would accompany the crew revenue and each them they want to bring the prophet home they'd have to pay another tax not only is it a problem that has been at discount at right on poss profits but the proposal is to transition to a system that would give up imminently lower right to any foreign profits that us multinationals make so the senate bill for example sits twenty percent corporate tax rate on us prophets but a rate of ten percent will lease on foreign profits so they will be the allowed permanent incentive to shift profits offshore the senate bill has set up a few different socalled god rails to try to prevent that the thing that's ironic about those god rails is that it actually creates new incentives to shift real operations offshore zhiqian the lower tax rate you'll not subject to this minimum ten percent tax on foreign profits if the profits of from manufacturing offshore the.
"eight trillion dollars" Discussed on Bloomberg Radio New York
"The story there is no doubt that they carved out the we are going to be the low cost provider anywhere we go and that's a big part of what they do but it's only apart and it wouldn't work without all these other things and aspects to vanguards philosophy we talk about vanguard as this mammoth company help us understand the scale of it how big is van garden and what does it do vanguard is coming up on four point eight trillion dollars they'll be five trillion dollars there are fifteen companies that are more than a trillion dollars the only company that any larger than than guard is black rock and a big chunk of of black rocks advantages they put out the first unit investment trust leader we started calling these things etfs that were the spyders the sp 500 plus a thousand variations the value spiders the the gross fighters the deserved a ton of different versions of it and and that's probably a trillion plus advantage for for black rock but these are the two behemoths in the space black rock is publicly traded vanguard is a mutual meaning it's actually owned by the holders of its funds something you put on your pieces despite its size vanguard has not been widely studied why is that the case in and what have you learned about it looking into the way it works so keep in mind when when vanguard first launched they said we we think people should have the ability to index inexpensively iit was called an american people termed bowls folly in reference of jack bogle the founder and driving force behind vanguard for the past four decades so a number of things are built into their dna first they put the clients first that's a novel leak when now if you're registered investment adviser or a lawyer and accountant or what have you anybody who has a fiduciary obligation will then of course you put your clients first but that's not the way the brokerage industry works or any number of aspects especially with publicly traded companies if you probably traded you do have a fiduciary obligation but it's two year shareholders to your owners your clients or just that client so it's a very different philosophy it's a very different of proton to interacting with investors.
"eight trillion dollars" Discussed on KBNP AM 1410
"That we've had the announcement of the iphone eight eight plots in the ten it's time to suit of revisit the idea that apple might eventually be com eight trillion dollar company by march no i know the shares fell yesterday down again today nonetheless samir sort of hanging out there as a possibility being given if you look at apple right nearly star numbers talking about an our market value of about eight hundred and twenty one billion dollars so wouldn't take that much of a move to get there but what's interesting and what the chart does is it tracks what would apple share price have to get to in order for the company to reach that threshold and if you look back over the past five years that number has been moving up consistently and what's behind it is that apple it's been buying back stocks they started this multi billion dollar capital return program back in 2012 actually their fiscal year 2013 because they started toward the end of the calendar year and me they bought bag billions upon billions of dollars a share it's in the process and what's happened is that in essence the threshold for be a trillion dollar company is gone up the bars been race if you look at the latest number in terms of shares outstanding bit more than five billion and you end up with the share price of one hundred ninety three dollars in sixty cents and that's up twenty seven and a half percent gan the repurchase program so it just goes to show you how much of an effect buybacks can have run a company share price and then beyond that you know what it would take four apple to become this trillion dollar company and let's face it the numbers have been going down and the most recent figures from the middle of july y so you know presumably it would be even more at this point that the shares would have to go up so take the hundred ninety three dollars a sixty cents as a reference point if you wanna know more folks send me an email get you the chart for a nation that goes with it and everything i do going forward the email address is d wilson at bloomberg dot net that's d wilson bloomberg that.