36 Burst results for "Four Trillion Dollars"
Fresh update on "four trillion dollars" discussed on Business Casual
"Skies Ed question for you just before the break that big question is, what is all of? This is totally upside down at wrong what if we thin to implement M. T. in practice beyond just the theory part of the MT, and then we realized like Oh shit we messed up this isn't GonNa work. We have increased the deficit exponentially a now we don't know what to do because it didn't work the way we wanted it to I I don't. So, let let me let me put it back on you. What part of them, what part of them Mt do we rollout? I. It because it it's part and parcel. It's it's a package. It's a theory that you need all the parts working together. You have to have the job guarantee you have to have the money creation. You have to have Congress being willing to tax to take the money out at the top end you have to have all of those things or it doesn't really work. And I don't know how you say Oh. We're going to dip our little toe in here and say Oh yeah, it's fine and then we'll jump in right that's not the way that works you can't have Congress Ajay Powell on the phone and say, Jay we need four trillion dollars by tomorrow afternoon and goes keyboarding creates that and then go home that doesn't work maybe this goes this goes back to the point of this is part of why it is unrealistic to expect this will ever be the future of the economy because it's so many moving parts at all happen with perfect timing and as we have seen time and again that is rarely What actually happens in DC? Nothing is perfect timing yet looks. So the American economy is twenty trillion dollar beast, right? It is really difficult to turn navigate in the best of times, and that's why I'm going to go back to the whole. Let's try it in a smaller place. Let's try it in New Zealand. Let's try in Madagascar I don't know where you want to try just not an twenty trillion dollars. Konami. That's the linchpin of so much in the global economy. So when we think the the different entities of the economy and then how they might fair in an M. T. future what about state and local budgets they have to be balanced, right? No they do have to be balanced, and so empty cannot apply to state and local governments because they cannot create their own currency. Right only applies if you can create your own dollars and new Europe doesn't have its own California doesn't have its own..
The race to a zero-emission world starts now
"We are all here today because the climate countdown has begun. And we are nowhere near where we need to be. Science tells us we must lead global heating to one point five degrees Celsius above preindustrial levels. We are on track facility grease at least. Billions of people are all already suffering from our failure to act. Climate Disruption due to our dated addiction to fossil fools. He's causing unprecedented wildfires more intense frequent cyclones, floods, droughts, and other weather extremes. Boksic air pollution is choking our major cities and harming our health. And bow diversity on landon season the growing pressure. No country's immune from the climate crisis. But in every country, it is the poorest and most vulnerable were hardest hit despite having lists to cause the problem. Over the past twenty, five years reach ten percent of the global population as being responsible for more than half of all carbon emissions and the poorest fifty percent were responsible for seven percent of emissions. Ranking justice sending equality of this scale is a cancer. If we don't take now. Sensory may be one of humanity's lust. The covid nineteen pandemic has laid bare the fundamental injustice inequality of our societies. Upheaval of these pandemic presents an opportunity to chart a new course when it can address every aspect of the climate crisis at on. Easterly shows that when we grab such moments we succeed. We can build a safer fairer more resilient worlds, but we need to move quickly. That is why I'm urging government. So take six climate positive actions to recover better together. Invest in Green, jobs. Not. allowed. Polluting Industries especially coal. And fossil fuel subsidies and the price on carbon. They climate risk into account in all financial and policy decisions work together in solidarity and most important leave. No one behind. These is the course of action that thousands of these city states. Regions. University isn't investors are already choosing by committing to net zero emissions by twenty fifty at the latest. Data moving to protect people and planet's momentum is building. Cities and regions with the carbon footprint greater than the United States and companies with revenues of more than eleven point four, trillion US dollars. If now committee to net zero emissions by two, thousand, nine, hundred, eighty. That's double. The number from when this initiative was launched at the Climate Action Summit in two, thousand, nine, nine. Likewise investors managing over four trillion dollars have joined the race to zero. This number also more than doubled since the initiative was first launched at the same time. But it is still necessary for governments to create the tax and regulatory frameworks that will further stimulate climate action by the private sector unions announced plans to cut its emissions at least fifty, five percent by twenty thirty and chief Clem neutrality by twenty. Fifty. And China as announced its intention to become carbon neutral before twenty sixty. And count on these and other mainly meters to present before cop twenty, six concrete plans and policies that will bring the world carbonaro throwing divide twenty-fifty. We must make sure that each country each city company bank and Interest Organization as a transition plan to reach zero net emissions. We also need to see much greater efforts to build resilience in vulnerable countries which to cause climate change, but they are the worst impacts. In the coastal Delta's the islands of the Pacific and the billion and the islands such as the efficacy trial region, we must have people of that to climate impacts as they recover from covid. Nineteen. I call on developed countries to meet their commitment to mobilize one hundred billion US dollars ear for mitigation adaptation and resilience in developing countries. We must work to create the conditions needed for a massive mobilization of funds. Also from financial institutions and private investors, we must keep building climate ambition. On the fifth anniversary of the agreement in December leaders from government business and civil society will gather online to do just that. We need to kick start the race to the Glasgow Climate Conference in Twenty Twenty. One To those who have already joined the race. I. Applaud you. But they also asked you to the Mar and much faster. You have raised your ambition and your commitment. We need you now to also raise your voices and push governments to do better. Especially, those we meet the most. To those yet to join my message is simple. We can only win the race to zero together. So I urge you. To get on boards, the countdown has begun.
House passes COVID relief bill, but it's unlikely to pass Senate
"House Democrats on Thursday passed a two point two trillion dollar corona virus relief bill sending the slimmed-down aid package to the Senate more than four months after they pass the three. Point four trillion dollar heroes. Act Senate Republicans refuse to vote on the previous spill and majority leader Mitch McConnell has signaled. He will not vote on the revised. Heroes Act either this comes as the Census Bureau show ten percent of US households report they. Sometimes are often did not have enough to eat within the past seven days with nearly one in five and Latino households affected meanwhile anti-hunger activists around the United States are denouncing a letter written in English and Spanish and signed by President Trump placed in food assistance boxes doled out to food banks nationwide there denouncing the letter is a violation of the Hatch Act, which prohibits federal employees from using government property for partisan political gain.
US House Democrats Crafting New $2.2 Trillion COVID-19 Relief Package
"House. Democrats are preparing smaller corona virus for the leaf package. All right. So it's a trillion dollars less than their last proposal, but a trillion dollars more than what Republicans are ready to do. So they split. That More, but roughly, so they split the difference source tells us that the two point four trillion dollar package would include enhanced unemployment insurance stimulus checks, small business loans, and aid to airlines, and it says here you can talk to the right or the price tag is still about a trillion dollars more than the Republicans latest offer. But. But thought the skinny deal was something like seven or eight, hundred, billion dollars trillion dollars. Rounding now I think and I. Know They are in Congress Lana rounding lot around rounding going on. In fact, they probably call this isn't there I mean if you're. Just, a couple of hundred billion. So why not round that around? That's right well like we really have to pay. Right it the idea that it looks like they're getting closer together but not really I, mean, they're still talking about a massive difference between the two sides and I don't think there's much chance Manuchehr yesterday they're ready to restart talks but didn't give a timetable for any of that and I don't see how this happens before the election I just don't. Probably not and. I think both it's weird because I think. I mean you saw Goldman Sachs yesterday for for GDP for not the third quarter but for the fourth quarter from six to three. Based on. You know not having prospects for more stimulus so I can tell you that. The election will be over but I think the administration would like six percent a lot more to be able to brag about that although we're going to get that flash number for third quarter which should be. Twenty plus. like two weeks before a week and a half before the election. So you're going to hear how great debt is biggest-ever I guess twenty, three, twenty, four percents we heard from Brian Moynihan yesterday who said that you should have additional aid, but it should be targeted the Democrats in this latest thing that they've put forth still have payments going directly to people you know payments across the board president trump has mentioned that be something he'd be interested in but I think it. Makes a lot of sense and and this is something you would probably hear from most of the Republicans with the smaller in the Senate with the smaller package that they've signed off on the idea of sending a blank check to ever sending a check to everybody regardless of whether or not you've been impacted on this. We'll probably pass the time of needing to do something like that. You need to get it to the businesses into the people who are suffering the most right now. Yes greed agreed.
Did ETFs Pass the 2020 Market Collapse Stress Test
"There's a paper issued by the Federal Reserve Bank of Boston titled The shift from Active to passive investing potential risks to financial stability. They right to the extent that passive investing is pushing up the prices of index constituents. Two types of potential repercussions for financial stability might arise. I in theory, rising prices can lead to more index investing and the resulting index bubble eventually could burst. But they point out that this might not be the entire market but could be just elements in the market some stocks getting pushed up. While others might have their prices fall because they're not necessarily included in the index. Investors were selling active mutual funds and going in to index funds to the overall market valuation wasn't necessarily going higher. The point out that some stocks will because they are part of that basket that an ETF holds might be more liquid whereas other names are going to be less liquid. So you have different things going on that makes it challenging to figure out whether there is or was an indexing bubble Needed is a stress test. We needed people rushing to get out of ATS and other assets and to see how they hold up. One of the concerns regarding ETF, there would be a flash crash which has occurred in the past where the price of an ETF has fallen dramatically more so than the price of its underlying holdings. And this can occur when there are trading halts in either the ETF or the underlying holdings. These trading halt or circuit breakers that are implemented if the price of security ETF falls below some threshold. And they're there to suppress volatility. Do allow traders time to catch their breaths or trading systems time to recalibrate to timeout. The stress has is very, very important because ETF's are so much bigger than they were. Six trillion dollars in assets in the ETF sector that's up seven fold from two, thousand seven. So. What happened during late February and March as market sold off dramatically. Well I there was no flash crash trading volume, definitely spite. I shares shared some data for the week of February twenty. Fourth Two thousand twenty volatility spikes so the vix, the C. B. O. E. volatility index, it reached forty nine. The highest since February twenty eighteen. and. The S&P five hundred had its largest weekly decline since the two thousand eight global financial crisis. Exchange traded products that week comprise thirty, eight percent of market trading. Whereas back in twenty nineteen, they accounted on average for twenty seven percent. So there was much more trading in ats. Exchange. For the products which include ATS. Traded a record one point, four, trillion dollars volume from February twenty, four, th through February twenty, eighth, two, hundred and seventy percent greater than its average daily trading volume from the prior month. And then that trading was fairly efficient. So the bid ask spreads what investors were buying ETF for or selling e Utah. That price difference was generally line with historical averages in addition, most of the trading volume was trading in the secondary market. Investors trading the ATS with each other, rather than trading facilitated by authorized participants who interact directly with ETF sponsored in creating and redeeming shares. The volume of secondary market trading in exchange traded products was fourteen to one relative to primary activity of this trading with authorized participants. What that means is that ETF in some ways acted as shock absorber when investors were trying to get out even if the underlying securities might have been less liquid by selling ETF's taking much of that trading volume that put less pressure on perhaps some of those less liquid securities. It seemed to function. If we look at what happened during the this market twenty, twenty turmoil compared to the flash crash of two thousand, ten volatility was actually much higher during the march twenty, twenty turmoil. The minimum and maximum levels during a given day for the various indices was higher during March twenty twenty then back in the flash crash twenty ten. And yet the markets seem to function generally speaking at least for equity ETF's. Even. Michael. Berry in March twenty twenty seemed to admit this. He told Bloomberg I have a significant bearish market bat that is working out for now. A global pandemic is absolutely potential trigger for the unwinding of the passive investing bubble. But despite volatility Berry said, he hadn't noticed any signs of dysfunction in the markets that was making it harder for him, the trade or exploit investment opportunities. Equity ETF seems to have passed that stress test it worked even though the volume of trading was so much higher. The number of ATS was so much higher. There were some challenges on the bond side. The vanguard total bond market ETF. B, n De on March Twelfth, it's closing price was six point two percent less than its net asset value per share. The price was less than the supposed value of the underlying holdings on a per share basis. During the prior thirteen years that have had a point one, seven percent premium of the closing price to envy now at six point, two percent discount. Rich powers WHO'S HEAD OF ETF product management at Vanguard said this wasn't unusual. Market prices for Egypt's can move more rapidly than the net asset value that is part of the price discovery process. He's saying that's normal.
Did ETFs Pass the 2020 Market Collapse Stress Test?
"A paper issued by the Federal Reserve Bank of Boston titled The shift from Active to passive investing potential risks to financial stability. They right to the extent that passive investing is pushing up the prices of index constituents. Two types of potential repercussions for financial stability might arise. I in theory, rising prices can lead to more index investing and the resulting index bubble eventually could burst. But they point out that this might not be the entire market but could be just elements in the market some stocks getting pushed up. While others might have their prices fall because they're not necessarily included in the index. Investors were selling active mutual funds and going in to index funds to the overall market valuation wasn't necessarily going higher. The point out that some stocks will because they are part of that basket that an ETF holds might be more liquid whereas other names are going to be less liquid. So you have different things going on that makes it challenging to figure out whether there is or was an indexing bubble Needed is a stress test. We needed people rushing to get out of ATS and other assets and to see how they hold up. One of the concerns regarding ETF, there would be a flash crash which has occurred in the past where the price of an ETF has fallen dramatically more so than the price of its underlying holdings. And this can occur when there are trading halts in either the ETF or the underlying holdings. These trading halt or circuit breakers that are implemented if the price of security ETF falls below some threshold. And they're there to suppress volatility. Do allow traders time to catch their breaths or trading systems time to recalibrate to timeout. The stress has is very, very important because ETF's are so much bigger than they were. Six trillion dollars in assets in the ETF sector that's up seven fold from two, thousand seven. So. What happened during late February and March as market sold off dramatically. Well I there was no flash crash trading volume, definitely spite. I shares shared some data for the week of February twenty. Fourth Two thousand twenty volatility spikes so the vix, the C. B. O. E. volatility index, it reached forty nine. The highest since February twenty eighteen. and. The S&P five hundred had its largest weekly decline since the two thousand eight global financial crisis. Exchange traded products that week comprise thirty, eight percent of market trading. Whereas back in twenty nineteen, they accounted on average for twenty seven percent. So there was much more trading in ats. Exchange. For the products which include ATS. Traded a record one point, four, trillion dollars volume from February twenty, four, th through February twenty, eighth, two, hundred and seventy percent greater than its average daily trading volume from the prior month. And then that trading was fairly efficient. So the bid ask spreads what investors were buying ETF for or selling e Utah. That price difference was generally line with historical averages in addition, most of the trading volume was trading in the secondary market. Investors trading the ATS with each other, rather than trading facilitated by authorized participants who interact directly with ETF sponsored in creating and redeeming shares. The volume of secondary market trading in exchange traded products was fourteen to one relative to primary activity of this trading with authorized participants. What that means is that ETF in some ways acted as shock absorber when investors were trying to get out even if the underlying securities might have been less liquid by selling ETF's taking much of that trading volume that put less pressure on perhaps some of those less liquid securities. It seemed to function. If we look at what happened during the this market twenty, twenty turmoil compared to the flash crash of two thousand, ten volatility was actually much higher during the march twenty, twenty turmoil.
Income Share Agreements - Good For Students or Investors?
"Welcome money for the rest of us. This is a personal finance show on money how it works, how to invest it and how to live without worrying about it. We host David Stein today's episode three seven. It's titled Income Share Agreements. Good for students. Or. Investors. Over five years ago and upset forty-five of money for the rest of us. I introduced income share agreement as a way to partially fund college. An income share agreement is a contract where individuals agree to pay a certain percentage of their income for a set period of time in exchange for an upfront payment that is usually used to pay for education cost but can be used for other things. For example, a line income share funding says that you can get an essay for home repairs, debt consolidation, paying a medical bill or even planning your wedding. Not sure I would do it income share agreement for most of those things. They are traditionally us to invest in what is known as human capital, our ability to earn money by getting more. Education. Another name for income share agreements is human capital contracts. Income share agreements were first proposed by the economist Milton Freeman in a nineteen, fifty, five essay titled The Role of Government in education. He wrote vocational or professional education is a form of investment in human capital precisely analogous to investment in machinery buildings are forms, of non human capital. Its function is to raise economic productivity of the human being. If it does. So the individual is rewarded in a free enterprise society by receiving a higher return for his services than he would. Be Able to command. We discussed this concept summit upset to forty five is college worth it. And determined, there is a positive financial return in investing in human capital. By attending college, you can earn more, you build your social capital, your network you gain knowledge. Having a college degree allows you to pass filters that many companies put in place with their hiring practice in that, they only hire individuals with college degrees. Freeman continued. If a fixed money loan is made to finance investment in physical capital, the lender can get some security for his loan in the form of a mortgage or a residual claim to the physical asset itself, and he can count on realizing at least part of its investment in case of necessity by selling the physical asset. In other words, the lender has some collateral that could be sold in the case of default. But Freeman a problem if the loan is made to invest in human capital. He writes the lender clearly cannot get any comparable security in a non slave state the individual embodying the investment cannot be bought and sold. Freeman then pointed out that because there isn't collateral that the interest rate charged on student loan would have to be sufficiently high to compensate for the capital loss because there wouldn't be collateral and that the interest rate would have to be so high making the loans unattractive to borrowers. Now. A solution was found. Federal guaranteed student loans. The total US Student Loan Dad. Private and federal is one point six, four, trillion dollars. Only a hundred and twenty, four, billion of that one point six trillion is private. The average federal student loan debt balance is thirty, five, thousand dollars and the default rate is high. Eleven point one percent. It's particularly challenging for individuals that have taken on a lot of student loan debt to pay off. A Brookings Institution study from two thousand eighteen found that the median borrower who had less than fifty thousand dollars in student loan debt in the early two thousands paid off the debt within ten years. While the median borrower, they had more than fifty thousand dollars in student loan debt ten years later still owed about seventy, five percent and most of the students falling behind on their student loan debt are those that have a balanced greater than fifty thousand dollars. Friedman's proposed solution income share agreements. They weren't necessarily called that, but he said that. A contract could be structure where an investor would buy a share in an individual's earnings prospects. To advance him, the funds needed to finance his training on condition that he agreed to pay the lender a specified fraction of his future earnings. In this way Friedman wrote, a lender would get back more than his initial investment from relatively successful individuals which would compensate for the failure to recoup his original investment from the unsuccessful. There seems no legal obstacle to private contracts of this kind even though they are economically equivalent to the purchase of a share in an individual's earning capacity and thus to partial slavery. These. Agreements have been criticized perhaps not slavery, but certainly indentured servitude. Although Miguel Palacios yet us in his book investing in Human Capital felt that the analogy to slavery or indentured servitude was incorrect because the students retain the full freedom of action they're not forced to stay in a given job or even a work in the field in which they trained in. So they have the ability to to work anywhere they want.
Treasury Prepares to Request $200 Billion More for Small Businesses
"The first small business and its workers could be in the works more from correspondent Bob Costantini should the United States be readying further relief of a couple trillion dollars in case economy can be running full steam mid summer White House economic adviser Larry Kudlow isn't ready to pull that trigger what was four trillion dollars total in relief in stimulus already in the pipeline but this will have a awful lot of Americans get through this period and I keep saying forty eight weeks that may be more prayer but that's just what we're hearing and if that's the case we come out of this okay and the other side coming weeks are likely to bring further internal White House debate about when America can get back into business versus concerns for new hot spot outbreaks later this year Bob Costantini Washington treasury secretary Mnuchin is advocating for at least two hundred billion more from Congress to support the small business corona virus relief fund hi Mike
The Fed Goes All-In With New, Unlimited Bond-Buying Plan
"With the federal reserve federal reserve has now said that they are unlimited amounts of money are going into the market and the reason why is the bond market is collapsing all of the states all of these corporate bonds they're collapsing nobody wants them and if you're not buying corporate bonds you're not buying bonds in your local area well then you're not gonna have a school you're not going to have roads you know GM might have that rec center that's not able to be pay for now that's why you want to keep things essential when you do bonds for your city you want to make sure that these are the essential things and you have a rainy days nest egg which nobody has anymore well yesterday the federal reserve said that they are going to lend money to businesses hurt by the corona virus pandemic working with the federal reserve this is Mnuchin he said we'll have up to four trillion dollars of liquidity that we can use to support the economy those are broad based lending programs we can leverage leverage our equity working with the federal reserve the treasury secretary the plan is broad based to help small and large businesses it was supposed to be on the floor it was they turned it down but we are looking at it now again I think it noon they're going to vote again in the Senate let's see when it's you know what it's on TV and everybody's paying attention sorry I am so and a long weekend this week and small business retention loans aimed at helping companies keep their workers on the payroll now these are small business retention loans which is really really important they'll cover about half the work force according to our treasury secretary payments will include two weeks worth of cash flow and some overhead the loans will be forgiven if workers are not laid off plus the average check for a family of four will be three thousand dollars but you'll be getting soon so you know the four trillion that is that is that is being interpreted as direct aid but it's really about the big huge businesses with the business bonds and the state bonds that's not direct help to you the three thousand dollars is and they said if this lasts more than the two weeks we're going to have to come back and re evaluate again in a couple of
Rand Paul is 1st senator to report positive test for virus
"As negotiations between Congress and the White House over a ballooning one point four trillion dollar economic rescue package track on a member of the Senate has tested positive for covert nineteen rand Paul is the first senator to report a positive test for the disease caused by the new coronavirus in a tweet the Kentucky Republican reports he's feeling fine and is in quarantine Paulison self a doctor and he says he said no symptoms so far but he says he was tested out of an abundance of caution because of his extensive travel and attendance at events in recent weeks Paul adds he's not aware of having had any direct contact with the person infected by covert nineteen two house members have also tested positive congressman Mario Diaz by large of Florida and Ben McAdams of Utah Ben Thomas Washington
Coronavirus Live Updates: U.S. Official Says Some Areas Will Have to Wait for Medical Supplies; National and Global Tolls Rise
"The number of coronavirus infections in the U. S. continues to rise Johns Hopkins University reports more than twenty seven thousand some three thousand more than yesterday as hospitals across the country continue to report shortages of supplies and equipment Dr Anthony Fauci of the White House coronavirus task force says ventilators face masks and other equipment will first be delivered to New York Washington state and California the most hard hit states he has not offered a timeline in the meantime NPR's Joel rose reports the four top leaders in Congress are meeting with treasury secretary Steven Mnuchin to hammer out the details of a third coronavirus responsible treasury secretary Steve Mnuchin says the trump administration hopes to finalize an emergency coronavirus relief bill on Sunday said that the Senate can vote on it Monday this situation is moving quickly we need to get the money into the economy now if we do that we think we can stabilize the economy speaking on fox news Sunday Mnuchin said the relief bill under negotiation would include a one time payment of three thousand dollars for a family of four and allow the federal reserve to leverage up to four trillion dollars of liquidity to support the nation's economy when asked if the US is in a recession Mnuchin downplayed the question as not quote terribly relevant he predicted the economy would bounce back quickly once the medical situation is under
Democrats call for stimulus to boost Social Security benefits by $200 a month
"Democrats have a new plan to help seniors veterans and people with disabilities Senate minority leader Chuck Schumer joined senators Ron Wyden and Elizabeth Warren and calling for an increase in social security benefits the plan would increase benefits by two hundred dollars per month which would further add to a stimulus bill that's now being considered and sesame to cost up to one point four trillion dollars the additional benefits which would last through the end of twenty twenty one would provide seniors veterans and people with disabilities an extra four thousand dollars over the next two
What Every Business Owner Needs to Know About Healthcare with Saul Marquez
"Saul say what's up to fire nation and share something interesting about yourself that most people don't know fire nation is a pleasure to be here and I know all of you are on fire. I'm on fire to John. One thing that most people don't know is that I went through the J. L. D. podcasting Boob Ham. I invested in your last kickstarter book campaign and spent some valuable time with you and kate over in Puerto Rico. And let me just tell you? I'm putting everything in the practice and I am on fire The podcast is rocking on all cylinders. And I'm excited to share some of the things we're a healthcare focus podcast and now a media company Happy to share the areas of success that we've had the challenges but most importantly you know the the the opportunities for for your listeners. That are that are Providing healthcare benefits to them their employees or to themselves how to be smart about it so appreciate the The opportunity to be here John and excited for our time together. We'll I'm fired up because it really feels like a full circle moments to me because like when I saw your name come across when I offered up the day with jail D. I was like yeah well. I'm spending a day with this guy. He's cool. We know we got on our little pre call all right. This is going to be a fun day. He came down to Puerto Rico. We had a great time. Just made it happen from morning 'til nights in you know when that happens. Fire nation invest in yourself at that level. Because let's just be honest a day with jail de ain't cheap. I just knew that saw was going to go off and do some great things. Of course he is doing and I just really love that whole process of seeing somebody come down here form. Just the concept of what they're going to create and then go off actually creates awesomeness. And as I mentioned in the intro. Today we're GONNA be talking all about what you need to know about healthcare and how it can literally make or break your business fire nation because one thing when I was going over. You know what we're going to chat about today. Saw The blew me away is that the healthcare economy is three point. Four not million not billion trillion dollars in you found a way to grow your business by tapping into this. So how have you done that? And how can fire nation maybe get a little pieces of Pie to John? A great way to start this trillion with a t fire nation. So the thing that matters here is that so one day I was So by the way. Three years into the PODCAST. I've done over five hundred interviews so cool. I've had an incredible experience and through the process. Have become a thought leader in the in the healthcare space in one of my interviews With Gavin Tayo. He's a venture capitalist in in healthcare devices Wellness he he. He helped me realize this insight John and fire nation. That healthcare is an economy. It's not just a vertical. It's three point four trillion dollars. And and here's the deal. There's three things you have to know about it. And it's riddled with opportunity. It's that number one. It's highly inefficient. Their silos everywhere. And it's highly complex so so with these three things in mind you have to understand with highly inefficient systems. There's an opportunity for you to simplify. And if you are not in healthcare. Think about what. Your solution is whether you be in digital marketing or it or software. Think about the solution that you have today. There's an opportunity for us that and purpose it for healthcare The silos that exist everywhere. That's an area that I was able to tap into and and add value so not only is data silos from hospitals to clinics to to public healthcare institutions. The communication is silent. Nobody talks to anybody and when I started the the PODCAST and Alan over with John to learn how to do it like a master I was able to actually Bring back some some some massive improvements in the way that health care leaders share their information their best practices now. Everybody taps into the outcomes rocket the outcomes rocket podcast is the name of my podcast to find out what's going on in healthcare and and I mean today as I said over. Five hundred interviews. Wow are we nowhere near the site of John's of course but we're doing fifty thousand plus downloads a month job. And it's so niche though. I mean that's what I love. Is that area fifty thousand downloads. A month on apart. Gas In that Niche. That you've carved out for yourself is equivalent to hundreds of thousands of listens a month in a vigor niche and. That's why I always tell people that. Let me listen to my podcast level. I'm like well. It all depends like if you're doing a ballet podcast just for people that do do ballet. Then guess what a hundred listeners per episode could be a wonderful business because now you have such a core audience right there. There's tuning in specifically in that. Little tiny niche. So the Richardson. The niches obviously three point four trillion dollars. Which is the healthcare economy is not this tiny niche. But just he's focus on healthcare. He's not just like I'm going to interview successful entrepreneurs I've done fire nation which worked by the way back in two thousand twelve. He launched a podcast here in two thousand nineteen. And beyond. When you're listening to this. I mean you've really got to choose something and go with it and that's why when saw was down here in Puerto Rico. I was like dude. You're got his rights like you need to become the person in this niche in this vertical in this industry. He's done that in three years. And five hundred plus episodes and he keeps on going and one thing before I pass it back over to you so I want to mention because you use this word master fire nation. Every single master was a disaster. I was a disaster. I saw was disaster. Every human being was a disaster before they were a master. So when you're hearing salt talk about getting a piece of this three before trillion dollars and you're like but I don't even have a clue yet. We'll of course you yet because you're a disaster right now in that area because you haven't done anything but you will become a massive by putting the work by putting the time by listening to people like myself and Saul who are doing things in our respective niches so saul takeaway brother. Yeah Yeah and just to add to that John is is the when I when when I first sat down with you remember being in the in the in your living room white boarding you blew my mind with funnels. You blew my mind with that with batching. I mean all these things I'm doing now and and I'll be honest with you. Most people think I'm crazy. They're like you're not you're doing four to five episodes a week you're nuts and I'll be honest Because of the time we spent together. I'm like you know what I mean. I'm doing a great job but there's more could be done. There's this crazy friend of mine his name. And what's crazy about that? Those soldiers to break in for a second is people. Louis assume on the busiest person the world they always say that. And I'm like I hate to break. It's because this might like kind of make you feel a little bit bad but I am so not busy like today. I'm really busy. I am doing like seven. Am to nine PM. I'm working essentially every day. I have multiple working every hour multiple multiple interviews back to backs. But this is the one day this week that I'm putting in any kind of work like this. The other four five six days this week I literally have this open schedule worship me creating doing what I WANNA do. Exercising on the pelt on the talking about during our pre interview chat like so you can produce like Saul produces you can produce content like I produce on this high quantity level without killing yourself. You just gotTa have these batching situations that we're talking about you can have the system to the automation that again take time. It's going to be a disaster for your first but over time you can become a master. So salt back to you rather. Yeah no it's great great great Chad and and you know so so as we as we discuss Podcast and I think we'll John because this is a lot of fun. Now we'll go back and forth from podcast And the business stuff and the healthcare stuff. If that's cool with you definitely awesome so so really you know taking a dip back into the into the healthcare. You know your your your employees health benefits. They keep rising your personal benefits. Keep Rising I. I had a partnership with the with the benefits company that I met through an interview on the podcast It turned into a business partnership and I and I learned through that partnership the nature of the insurance business and and I was. I was flabbergasted number one Because and it's an honest there's truth here so so just so you know the nature is that healthcare in the US is a business insurance in the US is a business businesses seek to grow and that means that your costs are GonNa rise as a consumer of them. And if you if you if you think about it for a second you know. There are a large portion of hospitals in the United States that are publicly owned companies insurance companies that are publicly owned companies and the way that that they improve their revenue and profits is by reducing costs and increasing their revenue which is your premiums and the costs that it costs all of us to get healthcare.
Tips to Prepare for a Crashing Market
"The market's up the markets down what is going on in the market as we start this new deck well let's think about it thanks for having me on the show at the thing about it is is that everybody you see in the market go up and up and up and pretty much every day and here we are again after another I'm began but but people realize this that the party is going to be over at some point in time and my opinion else for what it's worth everybody has different I think one of the next crash is gonna be brutal and here's why I think that we've had a lead been years pretty much of gains in the market right Paula Chile is getting weird were having larger ships up and down a lot so just means rapid on critical of and we got all that that that trade stops gone I think we just saw something which China but there's always going to be that we got to death bobbled what we borrow more money than ever before crazy global economy as kind of slowing down the dollars week and I think there is a tremendous risk to the average Americans retirement accounts and savings and why do I say that if you have kids yeah now you ma'am when your kids get their first credit card has a thousand dollar limit and I go out and buy pizza and go drink and and they run their credit card up and then they got another credit card alternate pay off their first credit card with the second credit card god my my kids aren't that old yet but now you were raised some warning signs for me right we have twenty three trillion dollars national debt I mean I don't even know what that number looks like on paper one four four trillion dollars budget this year okay we got corporate barring I mean it's just that the market is getting weird and they did a survey all the big corporate financial officers yes bank and what percent do you think that the we're gonna have a huge economic slowdown or recession in twenty twenty one percent twenty I would say you have a high number may be fifty five K. K. ninety seven but there may yeah the last couple weeks okay and I read this quote okay ninety seven percent of CFO's query believe either economic slowdown a recessional occur before the end of twenty twenty eighty eight percent so my point is if you're listening if I'm feeling but I am because chances are you're not prepared and don't tell me have three pointers house bars your we time to catch it all about money yeah right right right okay so it's so you're ill prepared how do you if the market's going to go down it if all these indicators are there how do you survive that how do you even make money when something like that is happening in so many people are going to suffer they're gonna lose money yeah they're gonna listen to face problems first of all you have to know how do you hold on to what you got right now how do you stop that yeah all this doom and gloom comes true and it's not easy and we have a process to help people do that and then how do we make it grow because you just you just can't stop investing see the problem is we never talked about this Pat our company in this online trading academy was really misleading because it should be called the online trading and investing a cat because not everybody wants to be a traitor now right I understand that hello education is the only way you can you know you can't go to you tube go on those get rich quick videos you can ask your friend there yeah your financial advisors gonna check it what you will do Pat you need to cut back and cut out your lock days every day what about you yeah I stopped by my wife that this you could buy it that's what you look like a male the Marcos you need yeah now your date itself most people don't know about this well there's a there's a there's a a new documentary about her so all all I rely on that looking want to ask you the most basic question and please don't laugh at me what is it what's the difference between investing and trading okay good question trading is an activity designed to produce short term income as you think it but we have to put two buckets of money in our life we have our cash flow back at which is our salary and we have our our well market which is our retirement account and what we want to do when we're working our money from our cash flow Bakit beads and our west back and then when we retire the money in our wealth bucket but surround and that takes care of our cash needs okay the manager right so that's what you have learned how to manage that all right but I I just I don't know the difference between trading and investing secrets are traded because you're such an and great interviewer I just lost my train of thought out so anyway so trading as an activity designed to generate short term income the trading means you there's day trading which everybody thinks is crazy but it's not where you're in and out of the market the same day some people like that some people down and then there is swing trading which is where people are in the market for a week or two which is less stressful and then there's there's there's position trading where you're holding things for your retirement so position trading is actually investing where we're just now getting strategies were analyzing are now we're making little adjustments and quick so that we can maximize our games and minimize the risk involved okay that's that's your two cent definition all right and and you know what it's worth more than two cents because now I kind I understand the difference between it so this is very very good all right I'm another basic question things are crazy right now on the news lance there are raising their absolutely insane how much should investors and traders pay attention to what's going on in the news and how should they react to all that well it all day you never can understand all that because we got all the we got the internet we got podcast and all this stuff and so it's really kind of hard to say you just have to know that is what is not what you know the kills is what you don't know so the way to do it is to get the best education you can make sure you understand what's going on the market and that's what we do twenty two going on twenty three years online trading academy which should be online trading investment generally we know what we're doing and we don't promise you it's easy with I'll promise you you're going to get rich we don't study a you have to give up your lot days you know that when I do that right and and you do have a core strategy which is patented and that's exactly what we're talking about here so we have a pact that strategy that doesn't guarantee you're going to get rich but that's that's a that's an organized approach to being a successful trader and or investor you know what I love about this is that if he truly is and investment education it truly is a telling you about your own money what's happening with your money how you can use your money and how you may be able to use your money more wisely than it's being used right now because so many of us simply have it in one of these for a one case we put it in there because it just comes out of our paychecks and that's it we never pay any attention to it it's like every other thing this taken out of your paycheck it's just you know a day a deduction and we don't even look at it as something that could be helping us to establish our retirement yeah I think about every week money comes out of your paycheck so you're you're buying you don't know at what level you buy you don't know buying it the most expensive price is the last couple weeks so the least expensive you don't know what you're buying from some person sitting at a cable going New York City trading your money and you've ever met them or or how to do it you don't know what you're paying for whatever it is they're buying that you don't even know anything about you know when you put it in these terms lance it's crazy it's absolutely crazy okay so we all need investment education and this happened online trading academy where the classes take place I understand you are for the first one free yes we have an introductory class it's two hours I teach it it's lots of fun and I try to make it not boring we don't try to sell you a condo and now you're anything we're just what you want one that we can have those about now what we're trying to do is say here's what we do it you know you're going to outlive your money the next generation is gonna live twenty more years after they retire on the issue of mutual funds or eighty five percent of mutual funds don't beat the overall market your financial adviser is is it you know and the less you have like five ten million dollars you're just the number they don't care about you say you you got to do something and if you have to write a grant of water grand you don't have enough money you're gonna be part sorry so in order to sign up for one of those classes I understand you call eight seven seven three three eight trade that's eight seven seven three three eight T. R. A. D. E. eight seven seven three three eight eight seven two three or you can go online to sign up for the free class and that is free T. a class
Microsoft plans to erase its entire carbon footprint since 1975
"Microsoft announced that they plan to fight climate change with the gold becoming better than carbon neutral by two thousand thirty and they WANNA retroactively offset all the countries emissions from its entire history by twenty fifty. You know how I've been telling you. Wall Street subway cares about sustainability. Well I think that's part of the reason why mcso Stock Rally Free Bucks today. The Times they are changing cubs great track records investors a fortune in recent years so they now have the leeway to take a stand so a few moments ago. I sat down with great Sachin Adela. He's the bankable CEO of Microsoft in his first ever appearance on the show. Take a look so real reminding okay and we gotta talk about because this is a day where you basically redefined this company and became what I think is the capitalist leader doing something. That's maybe more important than than just earning per share. You're doing impact per share. Why I what thank you for being so awesome to have you here on campus? You're absolutely right. It's a big day. A in fact it's I would say a big decade in front of all of us and today's start. What is I think about our mission to empower every person in every every organization on the planet to achieve more the fundamental thing is? Let's put more depth to what achieve more looks like for the world to who us. It means we need of course as a company we need to be able to drive brought economic growth but it's just on economic growth. But it's about really having that core inclusive growth trust in technology and all that we do should lead to a more sustainable work and so today's announcements were that last part which is commitments rear making by twenty thirty to become become carbon negative. Do we in fact go back in history all the way to our founding in nineteen seventy five look at all of our energy consumption from electricity and other sources and and make sure that we recapture that and of course. We're also know that it's not just about what we do. It's the ecosystem and the innovation. We need breakthrough so even putting a billion dollars in an innovation fund. So we're very excited. We know it's a small part quite frankly. All of us remember to do to achieve more but unless assured small out twenty fifty. If you don't do these things what does it mean for both the planet and of course for Microsoft I mean the signs that think at this point is very clear if the the temperatures rise I think the impact. It's going to have unless talk about the economy. The economy all enjoy or the capitalist system that we all arleen joy. I think we'll fundamentally jeopardy if the planet which is the resource the factor of production that has fueled all of our capital else capitalist. Society will be dangerous to me. That's the existential priority. And for us as a company for now it is all about making sure the commitments is the start off then ensuring that we are living up to those commitments. So I think it's really twenty thirty twenty fifty that we're looking forward to doing part your rigorous stanton. Your company is rigorous about numbers. This is the first time I've heard anybody lay out an actual let's say yardstick. That's hard and it's not just for your company but your suppliers and even for the users of your technology. How can you enforce it? And what does it mean when someone says you know what the we're not playing ball look. This is not the first time we've done these things first of all. You're absolutely right. We have to be rigorous and it's not about making commitments or making claims. It's about fall through so for example when be changed some of the benefit policies Just say that anybody who works at Microsoft even if they are a vendor will get yet the parental leave or sick leave. We had to pay for it from piano because we fully expected that the companies that are employing these these people are probably not going to be able to increase wages. So in some sense we have account. We've done our homework. We know what our emissions are in both on all the scope scope one one two and three and we feel that. We've had a bottoms up plan on how we go about it. We were one of the things that has really helped us is the carbon tax which we introduced multiple years physicals has built an internal rigor sort of speak on. What does it mean hard to actually have a way to think about an accounting for carbon and then go after it go a little bit bigger than carbon you care about other values including carbon artificial intelligence? Many of us are worried that it can be he used for harm. Not just for good. You're thinking about what technology will mean. I've been talking about tech intensity city ice here that and I say I'm concerned the text too intense and powerful you walk but largest coming and use the things you're thinking about first of well let's I'm an optimist. Technology can make a huge difference. I mean think about it. It's the most malleable resource that we as humans. I've ever found a software right and to think about. This is a factor of production that changes in a precision medicine. Precision agriculture feed every body body right or connected cars connected factories. I think that this is amazing. If the technology in terms of computing is getting embedded in the real world artificial intelligence for example. I mean think about what the state of the art of whether it's reinforcement learning or this what we call multi modal large scale model training. It's essentially helping US discover new knowledge. That is not possible even before. And I'll take somebody with disabilities today with breakthroughs in computer vision for someone with visual impairment. They can interpret the world. Someone with dyslexia can read because of what I can provide. But that doesn't mean we shouldn't be clear eyed about the unintended consequences of let's say technologically driven unemployment or bias in any algorithm and so we have to counter onto that so take bias first of all we as a software company a building tools. Just like how we build tools in order to ensure that people don't have security bugs in software. We should say if anybody what he believe in the model how can they D- by the model and by the way the team we've learned the best reader debiasi modest have a diverse team building it in the first place. He's suzy so smart. And you won't be able to track the diversity unless you do some things we're talking about at the same time that you're doing all these things. You are a competitor. Now you have different styles from your predecessor. Who was oh golden? Good friend of mine from college. You are a cerebral lead by example person. But you're also competitive and when and watch your National Retail Federation piece. You mentioned it's Walgreens. You mentioned Walmart starbucks. Those are three gigantic retailers. You're still you're in a titanic battle against another company to get those customers and you also offer value position that aws. Doesn't I care about that. Tell people I mean first of all. I think what's happening in retail. It's pretty exciting. I mean if you think about it everyone. Twenty nine thousand nine has sort of realized that. What retail is it's about Omni channel retail? So you need the physical stores you need the online presence but most importantly you got to connect the two things seamlessly one of the things that I talked about was what how Walmart is completely changed. The game came around. How they're doing delivery so you can order my groceries? I can start going to the store. It given the geofencing features their I o t Essentially inside the store wakes up. Make sure that things get back fresh and is really for delivery. So it's the best example Walmart taking their physical assets that digital digital capability and we're partnering with them. Same thing with Walgreens what they WANNA do. Even for chronic care management like diabetes or what marks and Spencers is done by essentially taking the store and making it a computer embedded computing. So this is one of the fascinating thing is people places and things are increasingly having digital twins this and since a digital infrastructure is more malleable. You can predict things. Automate things gain insights are like unprecedented raised. How'd you Guinea's Guinea's Azure when I saw you last? You made bold claims. I said at the time of how much money you could make with Azure. You've vastly exceeded them. Even as some of us were pleased. Who is this man? How did you see it? How did you know and how much of the future will be quite frankly? It's sort of the guy who gave me permission to do all this. Well Steve Bomber. If you think about it he wanted us to be bold and go at the cloud very aggressively. And that's what we did and one of the key things Jimmy did was. We didn't even think about azure separate from Microsoft three six five or dynamics three six five or now even xbox live or ex Ex Club we had a vision AFL Europe computing infrastructure structure and platform company. What is that next generation? We and by the way I was always grounded on the fact that it will be distributed computing infrastructure. It's the cloud doc and the edge for example. One of the fascinating. Things is is to talk about the edge. In fact I even started talking about the cloud and the edge probably four years ago and people say. What's he talking about except for now? It is conventional wisdom. That's what it takes. I think you have to have conviction on where the world is going. Make sure you bet long before anybody gives you credit credit for it and then of course execute and that's what we've done in every layer of the stack the infrastructure level platforms of service SAS layer. And that's that's what we're doing. Do you think that the marketplace will continue to pay as much as it does for your perfect execution for instance stop four hundred and ten percent return since as you start one point. Four trillion dollars will be some executives at major foreign firms funds. That say you know what I'm not going to buy that stock tears too much much about these things war will. The world changed so much that if you don't care about these mandates you're stock's GONNA go down. It's a great question. I mean you know you and I were talking before we got on the air which is You know there's this great book by Colin Mayor Called Prosperity and he talks about what is a corporation ration- and the corporations purpose is to find profitable solutions to the problems of people and planet. Okay profitable is the key would but problems is the other keyword for people and planet I so I think what happens is if you're creating a lot of profit and cree end creating more problems for for planet or people. I think it'll catch up with you so in some sense the way I look at it and say. Hey let's go after the core of what we're doing it's not about carrying about a funeral. Well things are shareholders. I always saying our shareholders are the ones who are giving US permission to be able to think about whether it is the affordable liberal housing order. That it's the carbon it's our shareholders who care as much about this as anyone else and they permission and therefore we are accountable to them to execute execute on these commitments. We make and that's good for business. It's interesting look twenty. Eight times earnings one of the highest both sort of the highest multiple for any of the plus one one hundred hundred billion companies because they want you to have that permission other issues in tech that use spoken about that are. Let's say on a hot griddle right now. Privacy Apple versus the Justice Department corporations upholding things. That aren't necessarily the constitution. There's nothing about privacy. Obviously the constitution sadly I think versus a government that is intrusive once again. We've got situation. Government wants coal you know. Coal government wants intrusion. Corporations corporations want privacy. Where do you come down these first of all? We're clear that both things matter here. The two things being privacy as a citizen as a user. I care deeply about privacy and as a citizen I also care about public safety right so both of these have been balanced and I think we have to come up with legislative mechanisms for that things like back doors and so on just bad ideas but like the cloud act which is a completely different carell. Today is actually a good first step in terms of having the legal framework for how we can in fact protect the privacy of anybody anybody who has data in the cloud and yet have the ability for any law enforcement agency to issue legal warrants. So we now have to have a technical technical and a legislative breakthrough around what is considered personal information. That's not in the cloud and so. I think that this is something that we will have to work out.
VCs are leaving trillions on the table by bypassing diverse leaders, study says
"It when we first aired this story earlier this year. I said. Stop me if you've heard this before but actually you gotta to hear this if you missed it. Ninety one percent of venture capital investment goes to men almost eighty percent of those men are white probably because ninety percent of venture capitalists Armen mostly white but new data shows that. BBC's are leaving a lot of money on the table by only investing in people. Who Look like them? Morgan Stanley put out new information. Just this week. That says venture capital as an industry could be missing out on as much as four trillion dollars in value by not investing in more diverse founders yup trillion Carla Harris is vice chairman of global wealth management at Morgan Stanley. She told me earlier this year. The numbers are getting hard it to ignore. I think in the last few years there's been a lot of data that has been released that talks about the value of companies that have more women internally eh or the performance of women lead founders or the successes multicultural entrepreneurs so now I think there's far more data data out there. That is supportive of the argument. That in fact there is something to miss but I think when things have been bumping along you know in fine form form and there was nothing to counter that argument that was not necessarily a motivation on instigation. To change it especially when you're driven by returns I want to move the money chain when you put out a report like this from Morgan Stanley. Are you speaking not just a venture capitalist but also to their investors the limited partners who arguably they are the ones who are holding the purse strings. We hope so molly as part of what we're trying to do is to say not only are you. B C's missing it but perhaps happen if you're missing it you may be leaving money on the table for your limited partners and I wonder do you think that's where the ultimately the change has to come from like if LP's appease all suddenly introduced diversity writers if every pension fund that was going to put some money in venture capital said. Hey my pensioners want you to do the best you possibly can in that means investing. Broadly is that what it's going to take. Well I'll tell you I think that would be powerful. There's no question that limited partners have power in this. Let's see question to also move the needle with the distribution of capital two women and multicultural entrepreneurs no question and you absolutely started to see. There's some of that in the private equity industry where LP's like calpers and Kosters certainly did make a difference though. I think the same could apply here. That's very every reasonable right. The survey says that women earn seventy eight cents per dollar invested. Men only earned thirty one cents. That should be enough evidence right. We should suddenly. I'm sure that in the next next year we will see a flood of new investment when multicultural founders right. Well I won't
Decade in Review: Big Tech
"Ralph Winkler. We're talking about big TEX. Big Five Apple Amazon Google facebook Microsoft and how they've changed over the past decade. My impression is that at the beginning of the decade each company was known for making products that people wanted but now over the past ten years. That's really changed. Changed as our dependence on. These products has deepened. You quote someone as saying that. Each company has an imperial element approaching that of Nation States. Why don't you talk about that? The amazing thing about these companies is over the past ten years they have the the value creation has just gone off the charts. These companies companies together in our over four trillion dollars the six surviving founders behind those companies are themselves worth four hundred fifty billion dollars both so. Those numbers have quintupled since Avatar was in theaters in two thousand nine. The amount of wealth creation value creation from these companies is truly epic. What's interesting this is we close out the decade? There's obviously a backlash that maybe they've gotten too big. Maybe they are almost beyond the reach of the countries in which they're based talk about what drove big tech to new levels of dominance. You describe one seminal event the smartphone. There's nothing there's nothing that compares we. PC's were impressive machines. Twenty years ago of course but consider how many people carry smartphones phones. smartphones are used in the billions billions and billions for PC's that were in the hundreds of millions the value that accrues to the people that provide those tools and services his namely Apple. which makes the phone Google which makes software that powers the other smartphones android smartphones facebook which provides the dominant APPs on the devices Amazon which is shopping and then by the way the cloud apparatus that powers all of this stuff behind the scenes? Now a lot of people would say you know these companies and now they've collapsed black holes and it just sucking everything into their four text. So you said it was the smartphone but basically we're talking about the IPHONE. I mean that's what made the phone smartphone smartphone correct. The iphone was the revolutionary device android. Just because the IPHONE King I. You can't underestimate how powerful android is because it brought the the iphone through the massive gave smartphone capabilities to a much larger swath of humanity because the devices are cheaper and affordable i. It's just something we completely depend on. And and these companies that provide those services that we really like are now completely and totally powerful. I'm talking with Ralph. Winkler of the Wall Street Journal about how big tech has changed over. The past decade is our dependency on these products that has led to so many issues. I mean we blame the company's book shouldn't we be looking in the mirror. Sure I think there are folks. What's that say? Look these APPS. The games the social networks. They design themselves so that they encourage quote unquote engagement. Other people would call that addiction. They want to engage with them as much as possible all the time and so so. There's backlash against that. There's backlash against really how much information are. Are these APPs in these devices collecting about us. And what are they doing with do we really know. Are we really signed up for that So on the one hand yeah. We have to be informed consumers on the other the end. Are we being informed. Do we really know our companies being upfront about all of it. A lot of people say now as a result. We're talking about at least a few serious problems with these companies. As for instance you know the feeling that their monopolies and Google's case dominating the search space another is privacy for example how facebook handles user data and the third is well you know social media the spread of misinformation on some of these platforms like facebook Youtube and twitter. Correct one of the things that's allowed the Internet and the large platforms to grow. UNFETTERED is a little no law section. Two thirty of the communications decency. Act that basically absolves them of any liability for what's posted on their platforms gives them a lot of cover for people to just post whatever they want which means they don't really have to check or really have to watch right so for years and years. Everybody's been posting everything on facebook on Youtube and even third party sellers on Amazon Amazon allows people to post a whole bunch of stuff because it doesn't have liability the way Walmart or target does does face lively for what what goes on its shelves. It's real shells in the physical world. Amazon doesn't face the same liability for what goes was on. Its virtual shelves. That's an advantage. It's something it's an end run around other regulations but there are people that say look there reasons that we have certain rules. And if they're skirted than you know all kinds of bad behavior can happen and look at what we're dealing with. We're dealing with conspiracy theories. He's on Youtube and facebook. Getting incredible amounts of reach. We're looking at Russians interfering with our elections in ways that we didn't catch up with until it was too late. All of these kinds of things Amazon is dealing with with questions now about various unsafe products on its platform. And Media's writing about it but you know there's not a lot that the courts or a regulators can do at this stage this is why you know how regulators government doj the FTC are starting to say. Wait a minute maybe. These companies are too big and they're looking into potential antitrust actions against these companies. So it's going to be tough right. The only recourse the government has at this point or regulators have at this point is to explore breakup of these companies. That are so big because nothing is really do. Do a lot theoretically but there would have to be political will and to your point. Let's keep in mind here. People still like these products on balance facebook for for all of the bad press. It gets it's used by two point. Two billion people worldwide daily. That's an amazing stat when you think about it in two thousand nine hundred eighty five million people use facebook daily. These are monthly users log in once a month daily users of what's APP instagram and facebook core APP. All of these are facebook products. Now that weren't Intoi in two thousand ten one hundred five million to two point two billion and by the way that statistic is even more impressive when you consider none of those facebook APPS are available in China so a huge swath of humanity is on those things daily and that tells you something they really like to use these products. We love our iphones. We're not using them less even though we're worried about screen addiction we really. He loved them in what we what what they make consul so we have to keep in mind that these things are still very very popular. And you know it's going to be difficult for government don't any regulators that really want to corral these companies to find ways to do it. That are both legal and acceptable to do the population. That still doesn't really want too much to change. They like their privacy protected. Of course they'd like more information about what's being done with our data. They probably like these companies to work harder to protect against misinformation and other things that get spread very easily but in the meantime we're still completely addicted to them and use them all the time the Wall Street Journal's Ralph Winkler. Thanks a lot Ralph thank you
"four trillion dollars" Discussed on Newsradio 970 WFLA
"Six nine nine three five two Natalie we had a poll last week a Twitter poll here on I think was whether or not the minimum wage in Florida should be raised to fifteen dollars yep and and get that role right now it would be over a period of time but it would immediately go from eight something to ten dollars and nine eleven and twelve and raised a dollar each year until I got to fifteen dollars to the final results were seventeen point four percent of the people thought that minimum wage should be raised an eighty two percent point six said no well this is the argument of governor to sentence if you raise the minimum wage people are going to be fired you're going to lose their jobs because employers won't be able to afford it and that people are going to be totally out of work and on top of that prices are going to go up probably across the board if you raise the minimum wage yeah cost of living in food I'm sure everything would go up to compensate for that but I think a good new poll would be first of all a new law search the minimum age to buy tobacco products at twenty one years old and president trump signed that in the law on Friday and it's part of the one point four trillion dollar spending agreement to fund the federal government that's the way they do that they always toss things in but a bipartisan group of senators have wanted it for some time and I got it pushed through by attaching it to a bill that had to pass in order to avoid a government shut down so it was going to pass and it applies to traditional tobacco products like cigarettes and I'm guessing cigars in vaping devices as well then president trump supports the change N. several stage also very much supported but I'm thinking my only problem with it is if you're old enough to go over and fight and get killed in Afghanistan I think you ought to be old enough to buy a pack of cigarettes yeah and also playing the Lotto to you can't do that when you turn eighteen I think so breaking up the hall and yeah is that eighteen eighteen twenty one to drink alcohol to drink alcohol twenty one yeah I remember when we talked about that I'm thinking now guy goes over to Afghanistan as a new guy in the army or something like that Nash to fight off bad guys and put his own life in danger and he comes back here and gets busted for buying a pack of cigarettes man that stinks yeah that's just kind of crazy I'm a I was young I started smoking a fifteen that's not a good idea analyze but the age then was eighteen but we all did it illegally but don't do that it's not they are not good for you there's no question there not not good for you but maybe we oughta do a toward our poll on whether or not you think the legal age it was a good idea to raise the legal age to twenty one I'll get that up there okay that would be good and a lot of other things going on here to rack your brain will be at six forty and we're gonna have Felix Vega on just a minute on this stand your ground change that is happened justice is now ruling on it that says it's pretty complicated but feel like skin cleared up force but I found the up hill do that it's six fifteen and we go to the newsroom now and Felix Vega Duke energy is asking state regulators to approve their plan to collect one hundred and seventy one million dollars in cost.
China Criticizes U.S. Defense Bill as Interference
"President Trump has signed bills that fund the Federal Government through September of Twenty twenty. That's the rest of the fiscal year. The one point four trillion dollar budget package averts a government shutdown next week among them is the defense authorization authorization and is. NPR's Amy Chang reports. It's drawing sharp criticism from China. The Foreign Affairs Committee of China's National People's Congress expressed quote strong disatisfaction action with the National Defense Authorization Act after President Trump signed the bill into law. Beijing called it quote interference in Chinese domestic affairs and National People's Congress spokesperson objected. I got to tell in the bill that affirmed. US Arm. Sales to the self-governing Taiwan a renegade province in Beijing is the spokesperson said this undermines both US trying to relations and the peace instability in the Taiwan Straits he further pushed back on provision in the bill that support pro democracy demonstrations in Hong Kong. And another that commissioned a report to examine Beijing's treatment weaker Muslims in Xinjiang
Trump signs spending bills to avoid government shutdown
"President trump signing a series of spending bills designed to keep the federal government going to measures authorize one point four trillion dollars in federal spending the legislation increases federal workers pay by an average of about three percent it also authorizes one point four billion dollars for security at the U. S. Mexico border that's less than the six billion dollars the president demanded last year during the shutdown battle it also raises the age to buy tobacco products from eighteen to twenty one CBS is Dana
"four trillion dollars" Discussed on The Dan Bongino Show
"You're darn right. Spite record income tax revenue coming in. Eight hundred ninety eight. We are running Obama era deficit. It does none of us any good to apologize for this and we have to start activating and asking our congressional representatives and senators out there. What the heck are you guys doing? Ladies and gentlemen, please understand in a four trillion dollar budget, a nearly trillion dollar deficit every single year is in no, no fathomable universe. Is that sustainable? This we are on a guaranteed path to national bankruptcy that is going to manifest itself shortly through higher interest rates. If this keep up which are going to strangle the economy, do you feel about paying eighteen percent on your mortgage? All that's not going to happen? Oh, you sure. I've got some more for you. I've got more coming for you soon more data to show you that not only can this happen. It is happening around the world right now. What are the Turkis interest rates which moved them up to like forty percent though. Folks. We're in a world of trouble. Now I wanted to speak one simple premise from this too, because. A guy like I have a lot of respect for them. Tom Rogan writes for the Washington Examiner, you see on FOX. Sometimes he does some good work. But Rogin wrote a piece yesterday in the Washington Examiner. I think it's in yesterday's show notes. I put it in there suggesting that the GOP should not make these tax cuts permanent. You all know the story. The income tax cuts were not permanent. The corporate tax cuts were because of democrat obstruction on the filibuster side and having to use reconciliation. So the Democrats blocked now there's talk attacks cuts, two point. Oh, and making these income tax cuts permanent for you. There are the Democrats are threatening to obviously to filibuster that again, Brogan who was, you know, is not a not a liberal by any stretch, but wrote listen. We should really reconsider making these tax cuts permanent because the deficit situation unless we can accompany which is not a bad idea by the way, he says, unless we can accompanied Joe those tax cuts with significant spending cuts. We have a real problem now. I don't disagree with a company with spending cuts at all. I think Rogan makes a great point there. I think he's right, but I disagree with the necessity to pair them to make them permanent. A reason I say that. It is again the evidence over time. When you look at income tax cuts on the Reagan under John f. Kennedy under George W Bush under Calvin Coolidge wherever you go. When you look at those income tax cuts, it shows pretty conclusively that we're not gonna suffer a long-term loss and tax revenue. So I don't. I disagree with you what I'm saying, Joe, I like his idea of accompanying those tax cuts with significant government spending cuts. Great, great idea stipulated, but I don't agree with making that some this positive factor. In other words, if it doesn't happen and don't make them permanent that I disagree with completely because there's very little evidence that these significant income tax cuts, if we can, if we can get them in there and lock them in this very little evidence that it's going to cost the government money, which I hate that term. But over time at all and exacerbate the deficit, there's little very little evidence of that. Matter of fact, remember folks, Ronald Reagan over the course of his presidency cut the top tax rate from seventy to twenty eight percent as anybody. Doubt the dramatic that a seventy two twenty eight percent Donald Trump's income tax cuts on the top cyber like one or two percentage points depending on how you calculate your taxes. The Reagan tax cuts folks. We're almost, you know, nearly forty plus points of percentage point taxed at the marginal rate and tax cut the tax revenue to the government doubled doubled. So I disagree with the premise on air. One final point on this. Tax revenue to the government. Overall, even income tax revenue went up the corporate tax side fell tax revenue to the federal government overalls down seven billion. So the liberals, Joe look, look to tax cuts, exacerbated the deficit problem..
"four trillion dollars" Discussed on Knowledge@Wharton
"They entirety of pension funds are four trillion dollars underfunded, and that is equal currently to the economy of Germany. It's also about one fifth of the current national debt in the United States. It's a significant concern for government employees that a fully funded retirement may not be there for them at a time when the rates for older Americans declaring bankruptcy is on the rise. So where does this leave public employees as they plan for retirement, we ask our guests with a Mitchell executive director of the pension research center and director of the center on pensions and retirement research here at the school. She is also a professor of insurance and risk management as well as business economics and policy and joining us on the phone lira Friedberg whose an associate professor of economics public policy at the university of Virginia. Batten school of leadership amp public policy Libya great seeing you. Thanks for coming in my pleasure thinking. We are great to have you with us today. Thank we've talked about this so many times. But again, this is an issue which feels like it continues to not get enough attention that we have hundreds of thousands of potential people that are going to be affected by this. Well, it's certainly the case that every year that ticks by leads to more reading and more concern because the state and local plans across the country have clearly not done what they should have done to contribute the right amounts to invest their assets in their pension plans, carefully and thoughtfully. And then a older folks are living longer and needing more medical care, needing longer retirement benefits. So it's a, it's a series of challenges, which, frankly, nobody much is paying. Attention to your the the life issues, which alluvia bring up living longer needing more medical care. Obviously, that's part of what we see in our culture right now, but and maybe that's not a changeable asset, but what could have been changeable is how some of these governments kind of plan these things out. Well, yeah, I think it ends up getting kind of built into the system there. There aren't strong incentives for the governments to actually take care of this decades before it becomes a problem. And so then it becomes a problem after years of underfunding, and then some combination of tax payers and state and local government workers bear the cost of that. And so we've already seen that going on the last ten years is seemingly the tax part of this. The one area that I think that that infuriates people at times is the fact that seemingly feels like if there's not enough pension there to be handled the one way. Seemingly is a fix is to be able to tax the consumer a little bit more, taxing the, yeah, increasing taxes or cutting other spending becomes part of the part of the solution. Blaming state and local workers becomes part of it too politically that ends up being easier than than than dealing with the funding listening to knowledge award here on Sirius XM one, thirty, two business radio powered by the warden school, joined in studio via Libya Mitchell of the warden school and Leona Friedberg of university of Virginia..
"four trillion dollars" Discussed on Boss Files with Poppy Harlow
"Jump yeah a little bit more but what is your what is it no it's close to nine million nine who are now part of our own that own that many people think of rent the runway as a fashion company it's not right it's a technology company it is but let's actually talk about that for a second there are three things that humans need to do every single day we need to eat we need to get somewhere and we need to put clothes on our body clothing that is why it's one of the three biggest consumer facing industries on earth so the business of clothing is a two point four trillion dollar annual industry now somehow when we say oh it's a fashion business that's immediately look down it is and i don't know why and it's looked down upon because the word fashion is associated with being feminine it's associated with new york with vogue magazine with superficiality but the ideas we don't live in a nudist society right now people spend money on clothing whether they like it or not and it's actually a significant portion of your take home income that you're spending on clothing so what we're trying to do is disrupt that because we all have these storage facilities in the middle of our bedrooms we call them closets were eighty percent of the stuff in that closet is used in its lifetime three times or less so i think that the very fact yes we are a technology company because we are fundamentally building the clause in the cloud but we're also a fashion company and i'm very proud to say that and proud to change this myth that because we are a quote unquote fashion company that that means we're small we're going after one of the biggest markets on earth you say bluntly do not buy cheap clothing and you've even gone as far as to say you know we're going to put companies like h zara out of business these are huge enormous enormous clothing companies really no one's gonna stop me it's gonna take a while but h or are out of business but the amount of energy that is consumed actually in the creation of just one article of clothing is enormous fashion is the second most polluted industry on earth after oil and gas which is kind of a little known fact and every year i said the industry is two point four trillion dollars will how much do you think goes into a landfill every year an npr did this fascinating series where they traced a t shirt and the origins of where the cotton came from and where it was made in all the shipping that it takes to go back and forth and all the energy goes into these subjects five hundred billion dollars worth of clothes are thrown into landfills on an annual basis so we throw away over twenty percent of the industry every single year into the ground that's because eighty percent of all close so sold are warned three times or less in their lifetime so my company pioneered this really simple vision where the customer value prop.
"four trillion dollars" Discussed on WCBM 680 AM
"When he mentioned four trillion dollars spent and that they don't do it and and and i just one point i wanted to make with that with the ability it should there should be recognition privately it'd be spending the money to protect the grid and therefore they would not have to spend any of their own money to protect to protect the grid all right my friend again in the weeds but i really appreciate it very very good call all right here's what i wanna do i want to let's see here i have been struggling with this little bit member ed schultz at the red he was on msl estee real leftist before he was he was a conservative and then he moved hard left he's now on russian tv are rt tv any was interviewed on a podcast by jamie weinstein is a good guy over at nro and i want you to listen to this about ms lsd cut ten go i go to bernie sanders house that afternoon in interview in the backyard about a fifteen minute interview the grandkids are running around it's a big day for the sanders family he's going to announce that he's running for president we're going to carry it live later on today and we're gonna means on msnbc he's gonna cover it live go ahead with bernie three thousand people are there a lake champagne it's five minutes to air and i get a phone call from phil griffin now phil griffin is the executive charge of msnbc go ahead not covering this i said phil bernie sanders is announcing he's running for president he's going to be a president i don't care you're not covering this and it got rather contentious we're covering bernie sanders live were coordinated with his campaign and i'm told five minutes before you're not covering bernie sanders now let me give you the opinion i think the clintons were connected andy lack andy lack being the head of nbc news go ahead the hip i think that they didn't want anybody in their prime time or any anywhere in their lineup supporting bernie sanders i think that they were in the tank for hillary clinton and i think it was managed and forty five days later i was out at msnbc no i don't know the truth of this but it sounds believable.
"four trillion dollars" Discussed on KBNP AM 1410
"Six point three four trillion dollars in this still running deficits six point three four trillion dollars in this still running deficits and complaining they need more republicans are calling for a gas tax the republic cons calling for gas tax and you wonder why whine and complain the murdering us the central bank is murdering us the they murdered the savers the politicians are bordering us we keep working our arses off keeps sending them tons of money and they keep murdering us and nobody says a thing and then i got listen to bernie sanders saying they need more money that puke guy couldn't teach elementary school economics anyway i'm done that's it that's my whining complaining of the day we now have a new central banker that thinks he can knows what's going to happen over the next two to three years up but in casey's wrong he's gonna lower rates again in print more money just letting you know round and round and round we go where she stops nobody knows we shall be on the lookout here ladies and gentlemen i promise you for you and from wa up next full market wrath and much more i'm gary this is one only investor's edge this is sandy warn third generation of dna plumbing and a member of.
"four trillion dollars" Discussed on 860AM The Answer
"And there is now the potential of a two year budget deal and while it spans a half a trillion dollars more that we don't have it does not address the four trillion dollar deficit that we have in infrastructure um maintenance and enhancement and i ask you as your financial planner ever suggested to you that you plan for the future two weeks at a time as our government has been doing careening from one continuing resolution to another i can hear you laughing out loud out there but i'm going to ask you why do we tolerate a government that operates two weeks to him or a month at a time and and so we should may be clap once for the senate where they've been negotiating the outlines of a twoyear deal now this is not this is not a new budget this is a two year continuing resolution while they tell us they will work on a real budget and if you're holding their breath by wouldn't that is for a new budget so here's the problem we're going to add a total of five hundred billion dollars to the baseline budget of the united states and maybe one day we ought to stop and talk about the real consequences of baseline budget in verses what we really should do which is a zerobased budget but like i said that's a subject for another day it's a big subject in and of itself so here's where we are we are going to add five hundred billion dollars in addition to the one point five trillion dollar increase to our debt that will result from the 2017 tax cut build bill and the consequences will be an annual deficit of nearly a trillion dollars guarding this year and continuing as far as the i can see and i want you to think about that a trillion dollar annual deficits while we go to commercial imagine america with joyce kordi for more information on today's topic visit re imagine america dot org we imagine america will continue in just a moment on eight sixty am the answer.
"four trillion dollars" Discussed on KDOW
"Now here's bill look i forgot that will not quit momentum that's been in the stock market the momentum that's been in the economy this market on fire in the global economy looks good and stocks are reflecting the stock market right basically telling us what's happening business and the economy trump rally has added four trillion dollars to the nation's wealth four trillion dollars was edited nations well which is now six trillion where do you go go to main street it didn't go to the family this making seventy thousand dollars year because both the husband and wife are working struggling paycheck the paycheck they didn't see a penny of that that money to go into the economy that money went into the hands of ceo the one percentile and then the ceo took that money and they bought their own shares back to put your stock even higher and then the one percent out who control eighty three percent of the stock or gets eighty three percent of stock value they get enormously rich when you have an economy as i said where is very simple the number of us renters are growing faster than the amount of new homeowners that's of battle konomi because that tells you wages are low a third day right before the crash they get the wages come out threetenths of a plus three says wages went up three cents at sea of b c was celebrating their going crazy their underwear was getting all nodded up over three cents we've seen this nice daddy bleed upward in accelerating wage growth wages are starting to pick up wage growth is picking up it's also french for main street finally because worship wages pick up.
"four trillion dollars" Discussed on TalkRadio 630 KHOW
"Nine chill four trillion dollars a year which is eleven point two billion three dollars a day the thirty eight billion dollars the apples will be paying taxes that everybody is having an orgasm over the with the the thirty us eight government billion dollars expands that apple's about good bit paying four taxes point that everybody zero nine is having four an trillion orgasm dollars over a year that's that the everybody's federal about budget the peter for pan fiscal silver year 2018 that will fund from the government october one of last year to for three september point 30th three of two this year only that three figure point fail three plus trillion but dollars is if you a wanted little over little twenty push percent book about of how much gross domestic from help product big the federal government these the before the recession apple will the government pay kept federal thirty spending eight belong billion twenty dollars percent in taxes of gross domestic product but that would fund the government it no for faster three than the days economy about it was a battle data realm federal government spending blowing around three percent a year during a recession spending code grew on the cross to these a record highways twenty both directions four of i 75 plus a lot percent of traffic there did ask of gross is domestic backed up product solid upon beckoned to i seventy fiscal year 2012 four drive and accidents out northbound 225 the government spent near park moral road economic delays stimulus leaving bolder it's and an accident engaged in to on overseas the diagnosed wars highway obviously eastbound in 119 for after in fact j in rough over still involved denver forecast was cloudy overnight overseas low thirty wars nine tomorrow sunny with a high near and sixty this president six and this saturday congress fifty five and or snow all showers that have possible an orgasm sunday over 119 infrastructure after spending j row denver which forecast quite cloudy frankly overnight is another low thirty form nine of tomorrow sunny economic with a high near stimulus sixty six saturday 55 and snow showers possible sunday right now.
"four trillion dollars" Discussed on 1170 The Answer
"Past four darrell really incentivizing people we're going to bring back probably four trillion dollars from overseas nobody knows the exact number but it's massive it'll be over three three did it could be five through did but it's a tremendous amount of money that was florida overseas okay this is all valid and then there's something else that this bill does that is very important it had involves obamacare uh uh the uh the president speaks about the obamacare mandate but he also uh praises corporations and very unpopular provisioned as you know obamacare essentially i think it ultimately leads to the end of obamacare it's centrally i think obamacare's is over because of that and we're to come up with something that's really going to be that but the individual mandate was very unfair because you basically saying paid for something in order not to have to get health figure pain your pain not to have to have now it was very unfair many people thought it should have been overturned to the supreme court didn't quite make it almost but didn't quite make it but now we're overturning the individual mandate most unpopular thing in obamacare very very unfair and then he does give praise for corporation one of the big things that happened you have some great companies i want to thank at t keo actually was the first out of the box and boeing and said claire and wells fargo and comcast even though they own nbc which is not so nice did a presidency or the president but comp caring also they all have made tremendous contributions to their employees and tremendous contributions to spending money of this country because of the tax bill and they all said that it's because of the tax bills so they're making tremendous adjustments that means jobs and the president continues and these lines it's working it's different what changed what enabled this victory to transform a presidency we'll talk about that with stephen more economist one of the architects of this tax reform joining us live on the medved show.
"four trillion dollars" Discussed on C-SPAN Radio
"Thirty four trillion dollars a base bronx so when you take out five point five trillion in you do that and eliminating issues and issues and issues the press was involved in a state local tax issue big issue with i got a whole list here of things that we took out of the code union you do you do 162 and you do all these these lie is that tax code that no one's ever heard of a new look every one affects every was affected by something we took out metaksa you aid even those my point five trillion dollars that we took out sixty percent of those went to the personal side so we really tried to simplify the personal side make it that the fast fast vast majority of americans could do to tax return on with the present cared about which was a a a big coastguard and simplify the whole system on the answer to that is no i don't think the answer is no i think the answer is yes four if the majority of taxpayers can pattern postcard i think so we think ninety percent are going to use the standard deduction and for corporations tax cut is the tax code is now more comfortable i i don't know if it's more complicated or less complicated i mean the for corp run as the other for what it's i don't know i i said i don't know but but the corporate tax system has been beyond complicated we've cut enormous amount of loopholes out of the corporate system the cut enormous amount of deduction out each of us deductions than other pager pager page look if you've ever seen the corporate tax rate from retirement you know it goes from the florida the ceiling i go i don't know if it's going from the florida the stealing from florida halfway to the ceiling look i i'll let you know when i see a corporate tax return in a year looking ahead five days till christmas is the.
"four trillion dollars" Discussed on KOMO
"News i'm daria all there are no break insight for firefighters on the front line of that massive wildfire in southern california the thomas fire now the third largest in the state's history it is intense firefight right now in the hills around the ricci community of motto sito home to stars i go abroad katy perry at allen firefighters are trying to hold back flames that have flared up at high santa ana winds and extremely dry conditions the firefight he's been ongoing for close to two weeks and still it is a battle to hold back for rochas flames alex stone abc news congress is expected to vote at this coming week on tax reform and president trump says he's ready to sign the bill muddy as an example we think four trillion dollars that is funny this overseas that stuck there for years mr trump spoke to reporters as he was leaving for camp david and dismissed democrats concerns that the plan favours corporations and the wealthy the department of health and human services is dismissing a report in the washington post that says the cdc is being barred from using certain words that's upcoming budget proposals the story said cdc officials are told to stay away from where it's like feed is transgender and sciencebased hhs says that is quote a complete mischaracterization royal caribbean says its independence of the seas is scheduled to depart on its next cruise in about an hour and a half from now the ship arrived in port this morning with more than two hundred six passengers on board including this woman went down to the medical facility in we waited over an hour recco we started running out of water and basic supplies crews lund says the problem may be norovirus skiers were evacuated from a chairlift tusi mountain ski resort in central pennsylvania witnesses say the cheers slid backward and slammed into each other you're listening to abc news stay connected stay informed this is komo news time out twelve all true here saturday afternoon we are cloud cover canal forty one highmore christopher novel to travelled stories from the komo twenty four seven news center the search continues for the.
"four trillion dollars" Discussed on KSFO-AM
"As though this this is talk radio 560 ksfo san francisco oakland san jose cumulus station terror attack missile launch i'm john trout police in london are treating this morning's explosion on a subway train as a terror attack several people are injured witnesses say some people were trampled went panic passengers rushed to get off the train at the parsons greens station in west london north korea has fired another missile over japan this time firing it from its capital of pyonyang correspondent ivan watson has details us pacific command says that this was fired from eastern parts of north korea the eastern coast and that it is believed to be an intermediate range ballistic missile that flew for about twenty minutes over northern japan before splashing into the ocean no reports of any casualties or damage florida governor rick scott orders that florida a nursing home where eight people died after hurricane erma will no longer receive state medicaid funding florida's governor placing an immediate moratorium on new admissions saying in a statement if a find the disability was not beating the state's high standards of care they will be held accountable to the fullest extent of the law there's elizabeth cohen in hollywood florida restoration of power to millions of floridians consenus order power in saying that they have restored service to all two hundred sixty three of their substations kind of their backbone basically of their system here two days ago there were six point six million with electricity now two point two million they're saying east coast for the most part will have legislated by this sunday west coast of florida by next friday corresponded miguel martinez traveling back to washington after surveying damage from hurricane erma president trump met with reporters on board air force one the president talked about a variety of topics including his tax reform plan this is not a plan a plan for the middle class jobs the planned to bring four trillion dollars what it for years democrat public i'm john trout ransomware is software that can infiltrate.
"four trillion dollars" Discussed on WRVA
"You know what that is today one point four trillion dollars the cost of education is going up forty one percent per year there are now eighteen 100 college majors you wouldn't believe the college majors that you can get now you can get a college major on on the star wars you can get a college major on just about anything they gave an honorary degree already right and you've gone into debt for that and out of those college majors only one out of four get a job in their field you know this is hurting this is hurting housing it is hurting marriage it is hurting entrepreneurship the idea that i can get married have a family by a house start my own business when you're this much in debt can i think about buying a house you can get out of debt you're not thinking about getting married 'cause you're not financially responsible enough to have kids start your own business i have too much dan already this is systematically taking us apart and what are we doing we are arguing over the starspangled banner which the fifth verse is all about stopping slavery really that is how sweet your life is colin man i i think there's a lot of people all around the world that would love to have the swede has gig debut have had had the sweet retirement plan that you're under they love to have a fraction of that they'd love to have the opportunity to lose their job to blame gabar two they would think that was wonderful and you know that's what happened before he was a protester before he was mr anti police before he was wearing pigs socks he lost his job to a guy commonly referred to as a complete disaster i quarterback he lost his job to blame gabar and you know all these people that want to tell you he should be on a roster by want to remember that mm is the dead of night you wake up kind of in a fog is that just here is that glass shattering somebody in the house you reach over you unlock your nightstand safe your hand closes in around the handgun it's await the your your hand is familiar with it's been there before hopefully at this point your basic training kicks in because the next few minutes going to be a blur you now have to go and protect your family from an intruder who.
"four trillion dollars" Discussed on KELO
"The two to four trillion dollars that are locked up overseas so that money comes back home and gives invested in the country some kind of the lowest possible business rate i'm a president trump fifteen percent sounds good even twenty percent would be dramatically better than where we are now but i'd love to see him yet to fifteen now i have to say the folks i talk with told me with great sincerity that they believe they're going to produce a middle class tax code so simple the most the americans will be able to fill it out on a on a large postcard now i'll believe it when i see it but boy that sure is an exciting goal and one that could really change our whole relationship with the tax code and dramatically limit internal revenue service suitable into do bad things by the way they've been after me now three times in a year over the same issue and i'm like i didn't get auditor one time when obama was there what what is going on here could be that the iris bureaucrats regard you as the reason they have a problem a you know you know what the sad reality is or you and i both know this is true there is a deep state and stuff like this because we saw this happen conservative groups being targeted after 2010 with the name tea party in it or conservative in an and the sad reality is is that there's no not an honest system and people are singled out for for types of audits i just happen overpays lives zero worry of my heart no worries at all and it's just frustrating that that you know that that they can use the irs has a weapon sometimes when you know the the the clinton system when i was speaker decide to go for me i ended up getting a reversal of the irs and.
"four trillion dollars" Discussed on KOMO
"The one point four trillion dollars in loans relate to don't risk to our economy can't appalled and a loan but what if he can't pay it time again think about what happens if something goes wrong have some protection from liquidity and what i call chicken money on the side all right now that a look at what the president is proposing that for one thing a big cut in the corporate tax rate is at a good idea well america has one high accu tori corporate tax rate of all developed countries the oecd 35 tate we won't if the president's proposal to cut the corporate tax rate from 35 percent yeah i know that all pay 35 percent biggest than a lot of money in corporate america give planning loopholes in paying accountant can lawyers in lady but if they cut it to fifteen percent plus maybe four percent average for state and local tactic at nineteen percent america would have one of the lowest corporate tax rate we could become a haven where people corporations from around the world were rushing to invest in america instead of finding american company kinda put their profit and their headquartered in some cases over individual tax rates although that has been sketched doubted much detail but a do you like the direction that the congressional republicans of the president seemed to be going in at all i think that we had some great example can the 20th century oh how cutting taxes create taken on micro and that is not had a republican proposition because a large check cutter in the previous andrew is john f kennedy quote paradoxically their way to increase tax revenues over the long run it cut tax rate everybody's focused oh my gosh we can't cut tax rate there won't be money coming into the government how will they be able to have bigger death what people forget there are in canada and people respond to an senate and win tax rates are lower people and less money sheltering tactic they're willing to work harder and longer cut they keep more of their own and neck create economic growth whether at that level new john or individual more prosperity more small business starting that's the only way to grow out of our huge national debt are huge continuing budget deficit can believe in the american.
"four trillion dollars" Discussed on Capital Ideas Investing Podcast
"It's something we discuss um and i think the the current fed is conflicted around this point now uh i think on 1 hand the janetyellen has dovish leanings says she's inclined to do less in terms of raising interest rates on the other hand i think they have an interest in getting interest rates closer to normal so they have that dry powder when the time comes and the other thing that is probably not understood her disgust and not is they also have an interest in shrinking their balance sheet she we inflated their balance sheets over four trillion dollars treasuries and mortgages um again in in light of them being interested in having bat capability back when f a recession would occur at some point here they're going to have to focus on the balance sheet and that will be there tool as opposed to raising shortterm interest rates and so we're looking for that to occur sometime around the end of the year for us to have more clarity as to how they're going to shrink the balance sheet nobody with our little bit about politics mcconnell political environment in which uh all these investment decisions or or taking place in judeai wanna i wanna start with you but let me just offer released the fought we know you do i look at all it's except in policy food uh for for our team and we are just in an unprecedented time in my view in terms of a how should we say at the unusual characteristics of the current american president and the way that um he's both challenging establishment behavior but also bringing the kind of sets of behaviors himself that are unsettling the world a win when we talked to officials and others across the world there are aspects of how this administration is conducting itself that are creating a anxiety and nervousness i think.