35 Burst results for "Logjam"
AP News Radio
Voting rights groups worry Biden's Ga. speech comes too lateVoting rights groups worry Biden's Ga. speech comes too late
"President president biting biting today today travels travels to to Georgia Georgia and and the the Ebenezer Ebenezer Baptist Baptist church church to to highlight highlight the the push push for for voter voter rights rights legislation legislation just just days days before before Dr Dr Martin Martin Luther Luther king's king's birthday birthday president president Biden Biden will will give give a a speech speech on on the the importance importance of of protecting protecting voting voting rights rights in in the the US US which which the the administration administration says says have have come come under under fire fire from from false false claims claims of of election election fraud fraud in in twenty twenty twenty twenty and and state state legislatures legislatures making making big big changes changes that that limit limit voting voting access access for for some some press press secretary secretary Jen Jen Psaki Psaki the the present present will will forcefully forcefully advocate advocate for for protecting protecting the the most most bedrock bedrock American American rights rights the the right right to to vote vote and and have have your your voice voice counted counted in in a a free free fair fair and and secure secure election election but but some some civil civil rights rights groups groups say say a a speech speech isn't isn't enough enough they they say say president president Biden Biden would would be be better better off off staying staying in in Washington Washington to to try try to to break break the the logjam logjam on on voting voting rights rights legislation legislation and and there there are are calls calls for for the the president president to to invoke invoke executive executive action action I'm I'm Jackie Jackie Quinn Quinn
Marketplace with Kai Ryssdal
"logjam" Discussed on Marketplace with Kai Ryssdal
"City lab where she's a contributor. <Speech_Male> <Speech_Male> Where did all the public bathrooms <Speech_Music_Male> go? And <Speech_Music_Male> <Advertisement> now we know. <SpeakerChange> Elizabeth <Speech_Male> <Advertisement> thanks for your time, I appreciate <Speech_Music_Female> <Advertisement> it. Of course, <Speech_Music_Female> <Advertisement> thank you so much. <Music> <Advertisement> <Music> <Advertisement> <Music> <Advertisement> <Music> <Advertisement> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Advertisement> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> This final <Speech_Male> note on the way out <Speech_Male> today, it is <Speech_Male> beige book day. <Speech_Male> Today, the Federal Reserve's <Speech_Male> 8 <Speech_Male> times a year region <Speech_Male> by region <SpeakerChange> look at <Speech_Male> the American <Speech_Male> economy. <Speech_Male> What's that selected <Speech_Male> highlights, please? <Speech_Male> You say? <Speech_Male> Sure. <Speech_Male> Sure, we can do that <Speech_Male> in Arkansas, pizza <Speech_Male> delivery drivers <Speech_Male> are getting 15 <Speech_Male> to $20 an <Speech_Male> hour <Speech_Male> plus tips when assumes. <Speech_Male> An account <Speech_Male> in Philadelphia said three <Speech_Male> major clients <Speech_Male> sold their multi-million <Speech_Male> dollar businesses <Speech_Male> and just <Speech_Male> retired because they <Speech_Male> are worn out from <Speech_Male> all the economic uncertainty. <Speech_Male> <Speech_Male> And following up on <Speech_Male> Andy you'll respond <Speech_Male> on coal from yesterday, <Speech_Male> Wyoming has <Speech_Male> apparently closed <Speech_Male> its last <Speech_Male> underground coal mine. <Speech_Male> How about that? <Speech_Male> Oh, <Speech_Male> hey, look at the time. <Speech_Male> We gotta go, <Speech_Male> but not of course, <Speech_Male> without your moment of economic <Speech_Male> context, a <Speech_Male> random oil price <Speech_Male> data point just because <Speech_Male> it's good <Speech_Male> <Advertisement> to keep track, right? U.S. <Speech_Male> <Advertisement> benchmark west, <Speech_Male> <Advertisement> Texas intermediate, <Speech_Music_Male> <Advertisement> $65 <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> a barrel. <Speech_Music_Male> <Advertisement> Today it was what? <Speech_Music_Male> <Advertisement> Like two weeks ago <Speech_Music_Male> <Advertisement> was 80 something, <Speech_Music_Male> <Advertisement> <SpeakerChange> right? <Speech_Music_Male> <Advertisement> <Speech_Music_Male> Our media production team <Speech_Music_Male> <Advertisement> includes Brian Allison, <Speech_Music_Male> drew Joseph, <Speech_Music_Male> <Advertisement> Gary O'Keefe, Jeff <Speech_Music_Male> <Advertisement> Peters, leanna squatch, <Speech_Music_Male> <Advertisement> Charlton Thorpe, <Speech_Music_Male> <Advertisement> one color serrado, <Speech_Music_Male> <Advertisement> and Becca <Speech_Music_Male> <Advertisement> weinman, I'm Kai <Speech_Music_Male> riz <SpeakerChange> bell, we will <Speech_Music_Male> see you tomorrow everybody. <Music> <Music> <Music> This is 8 p.m.
Marketplace with Kai Ryssdal
"logjam" Discussed on Marketplace with Kai Ryssdal
"Okay, let's talk toilets. Not potty humor toilets, but when you're out and about and you gotta go, what do you go? Because increasingly, it's not a truly public restrooms. It's in facilities in shops and restaurants that are actually private businesses. Elizabeth yuko wrote about the state of public restrooms in this economy for Bloomberg city lab welcome to the program. Thanks for having me. It's not just me, right? I mean, public toilets have been disappearing in this country for a good long while. Absolutely. It was something that I think came to our attention a bit more during the pandemic, especially the early days, but really we haven't seen the construction of new public restrooms genuinely public restrooms. That is, so not restrooms that are in retail establishments or theaters or hotels or bars or restaurants, but actual facilities built by and maintained by either the city or the state. But yeah, the last major wave of those that were built was in the 1950s during the expansion of the highways. And they were rest stops. Between the 60s and 80s, you saw a lot of closures for money reasons because of concerns about crime or vandalism or drug use. And 9 11 really was the final nail in the coffin for a lot of the remaining public restrooms. And a lot have been closed since. It's that genuinely public thing that made me want to talk to you because the way America goes to the bathroom in public is actually through businesses, increasingly less so, right? But businesses making their restrooms available. And those aren't really public bathrooms at all. Exactly. Yes, it's just what we've come to expect. And prior to the early 20th century, there was this idea that the government should provide these types of facilities, then you get into the earlier 20th century and a lot of the progressives which were a lot were wealthy, upper middle class, white women. They decided that there were bathrooms, great, but what was better were bathrooms than other people couldn't use. And the idea was if you had the money to spend in these places, then you could use a nicer restroom. And that idea has really stuck with us. We are different than other countries. In this regard. Yes, absolutely. And it's something that other countries have noticed, whether it's a group of visitors, I live in New York and in the before times they were a tourist everywhere. And one of the questions I got asked pretty frequently was where's the nearest public restroom? And I would have to give them a rundown of the big Macy's is there. If you go to the basement, you can find that type of thing. But another thing that happened was the United Nations sent a representative to the United States to assess the sanitation and drinking water situation. And the report that resulted basically said that the representative was shocked to find so few genuinely public restrooms here. So do you now after writing this piece do you have like encyclopedic knowledge of all the public but really actually private and non municipal restrooms in New York City? Well, that was something that I started paying attention to. Long before I started researching toilets, but I also use an app called flush. And I have no affiliation with them. They're not for everything. There is. This is not a paid endorsement. It just New Yorker with a bladder. Yeah, but if I happen to come across one that's especially nice, I will make a mental note of that. Oh boy. Elizabeth yuko. Journalist writing most recently in Bloomberg and.
Marketplace with Kai Ryssdal
"logjam" Discussed on Marketplace with Kai Ryssdal
"From the international energy agency today, this item Planet Earth is on pace to add a record amount of renewable energy capacity this year, especially in wind and solar, and within the next 5 years, the IEA figures we're going to have the capacity to generate as much electricity through renewables as we will with fossil fuels and nuclear energy combined. But as marketplaces Samantha field points out, just because we can generate green power, doesn't mean we're done. When we're talking about energy, capacity means how much electricity a wind turbine or a solar panel would generate. If it were operating at its peak, a 100% of the time. But no technology works 100% of the time. Even for gas call and nuclear power plants. Amy Bihar is with the international energy agency and is the lead author of the report. So, obviously, renewables are dependent upon weather conditions, especially solar pan onshore wind. Onshore wind, he says tends to generate electricity about a third of the time, and solar, a quarter or less. Capacity is still a really important metric to understand how much we're installing. Melissa lot is at the center on global energy policy at Columbia University. But then we do need to ensure that we're understanding how much of the time it's going to be running. The capacity that's been added this year also led to a record amount of renewable energy being generated according to the IEA. But the pace of expansion would have to double for the world to reach net zero emissions by 2050. And in the U.S. if we're going to have that much new capacity of wind and solar, those resources are typically further away from population centers where the electricity gets used. Eric Larson at Princeton's andlinger center for energy in the environment says that will require new long transmission lines to get that power where it needs to go. And building transmission has historically been difficult in the U.S...
Marketplace with Kai Ryssdal
"logjam" Discussed on Marketplace with Kai Ryssdal
"We'll have.
Marketplace with Kai Ryssdal
"logjam" Discussed on Marketplace with Kai Ryssdal
"In Los Angeles, I'm kind of resolved. It is the 1st of December today. It's a Wednesday that is always to have you along. Everybody. Even though we know it was coming, it is still a little jarring, right? To know acron is here as we learned today. And even though we knew it was coming, it's still been a little jarring to hear as we did yesterday and today to hear Jay Powell talking about the fed easing off its support for this economy. So we decided that this would be an opportune time given the current state of affairs for marketplace Mitchell Hartman to read the tea leaves for us and figure out what else might be coming. So a new possibly more virulent COVID variant, omicron, spreading worldwide, could it worsen already messed up supply chains and soaring inflation? I put the question to David Wilcox at the Peterson institute for international economics, and job Bruce Willis at consulting firm RSM. Well, there's more that we don't know than we do know. Right now there are not enough knowns in too many unknowns surrounding all the crime and the global and domestic economic outlook. And there you have it. I'm Mitchell Hartman for marketplace. Not really. I still have about a minute, so let's get into some what ifs. If oma cron causes another serious wave of global infection, it could discourage consumer spending and job creation, businesses would make and ship less stuff use less energy, supply chain bottlenecks would ease and inflation would slow. Much more likely though, is the opposite effect. Inflation is likely to go up because the supply chain is likely again to be adversely affected. That's Joel Hyatt, CEO of globality, a supply chain technology firm in Silicon Valley. People have trouble getting to work through lockdowns in one have you and labor get scarcer, particularly for those jobs where being president work matters, supply goes down and has an upward pressure on pricing. Pretty much the same chain of economic cause and effect, we saw with the last big COVID wave from the delta variant earlier this year. I'm Mitchell Hartman for marketplace. Mitchell Harmon liked the give me a heart attack with that fake ending. Should have seen my face. Mitchell, you should see my face. All right, moving on. There is a generational aspect to what's going on in this economy right now. Specifically, as The New York Times pointed out the other day, a whole generation millennials by name with increasing economic clout and that has experienced a whole lot of financial ups and downs, graduating into the teeth of the Great Recession and now pandemic, also though a generation which has, until now, never experienced inflation. So we had one of our millennials, marketplaces, Kristen Schwab, make some calls today. I talked to some fellow millennials today, and many of them said something like this. I do feel, I think an existential dread for the rest of my life. Molly bean is 36 and lives in San Diego. She's worried she'll never own a home, so she's been carefully tracking prices. She owns a skin care business and her costs have gone up, so has rent food and gas. I feel as though I'm being squeezed at every angle. Jason Connolly, who's 38 and lives in Columbus, Ohio has noticed prices increasing too, but he has a slightly different take. The cost of everything has always been rising for as long as I can remember. So what's the difference? He's talking about the cost of college. It went up more than 60% between 1995 and 2015 when the majority of millennials were in school. And the average cost of homes, which have gone up 40% in the last two decades. One listener emailed me saying inflation on top of everything else, it feels like death by a thousand paper cuts. Okay, so this can seem a little dramatic, but cliff rob, who teaches consumer science at the university of Wisconsin Madison, says millennials have met economic woes as they've aged into life's milestones. Like when they entered the job market around the Great Recession. That creates a lot of problems for the big steps that are anticipated as people age from their 20s into their 30s and their 40s when you think about goals of family formation and relationship building. But he says millennials might be better equipped to deal with inflation. They have a little more wage power and job fluidity compared to older workers or people on fixed incomes. Maybe that means millennials don't need to give up avocado toast. I'm Kristen Schwab for marketplace. On Wall Street today from the intraday high to the closing low a thousand point swing on the Dow Jones Industrial Average. I'm a pal volatility, oh my..
WSJ What's News
"logjam" Discussed on WSJ What's News
"And they are also unionized, so they mostly work the port operators, mostly work the first two shifts. So it really doesn't make too much sense to pick up cargo. The problem is that even if you pick up cargo at night or work 24 7 from the ports, those boxes, those containers have to find a place to go. Now, the container depots at the ports are full. The warehouses. Outside the ports, are full, right? So there's an issue on where to leave those containers. Some top retailers like Amazon and target have chartered their own vessels to smaller, less busy ports. Did that have an impact on the backlog? No, not really the ships that those big retailers chartered are quite small. They were mostly for seasonal goods. It's a very, very small fraction of the cargo that they bring in, but it was mostly for seasonal goods. Let's say Christmas decorations, you know, small gadgets, popular stuff that would be bought over the holiday season as the situation eases. It does not make sense for them to pay up to three times or twice or three times more. The cost per container on those ships and not use the bigger liners. When you talk to shipping executives, what do you hear? How are they feeling right now? It is a mixed picture. They enjoy profits that they've never ever seen before. I mean, they're making in a quarter as much as they've made in a year. In past years. So this is good. This gives them the opportunity internally basically to pay down debt. They were hugely indebted because they went through ten years of very, very low rates and losses. And the second thing is as far as electronic bookings are concerned, the shipping industry is years behind the airline industry in digitizing the cargo and this is part of the supply chain problems. But they all agree that the signs are and the numbers and the forward working show that once we come in February, which is the Chinese New Year, then Chinese production falls that the log jumps are going to ease. When the log jams ease, it means the demand is down when demand is down, the freight rates also fall. Has the pandemic created a new normal for supply chains. It has created the need of a new normal for supply chain. But it's not easy to reach that goal. What it has demonstrated the pandemic is that the supply model that we've had for decades, which is just in time, cargo. It's susceptible to issues when towards closed. It's just in time cargo is not just in time anymore. It's just stuck in ships. So you wait for it, which means that retailers, other business have to restock. They have learned that lesson and they are trying to restock to keep more merchandise in warehouses. But the bigger issue, the bigger picture of diversified production centers away from Asia, away from China, it's something which is far more challenging. And if you try to move it to open a production center, for instance, fry fonts, let's say, in the United States, it really doesn't make sense economically. So it's very, very difficult to stop China being the manufacturing center of the world. The same model will continue, and we may face similar issues with another pandemic or other issues like weather or something in the future. Cast this Paris. He's a senior reporter and knows just about everything about the shipping industry. Thanks for your time. Thank you very much. And finally, news for those who've been frustrated with a broken iPhone and been told they can only get it fixed by Apple. The company says that starting early next year you, yes, you can fix your own phone and computer with genuine Apple parts, but what happens if you find yourself mid repair completely over your head? Here's the journal's Dalvin Brown who covers personal tech. Apple has said that if you open your device and realize that you're in over your head, then you can take it in to a genius bar for help. So in some cases, absolutely an apple technician might be able to step in and help you without you avoiding your warranty. The flip side of that is if you go in and you break something and there are glitches because you opened up your device, then that might have a negative impact on your warranty. And at that point, Apple does not have to have to help you. They may just point you toward.
WSJ What's News
"logjam" Discussed on WSJ What's News
"Good morning. Hi there. Good morning. I think people want to know are there pensions safe? Is it okay to keep so little accessible money on hand? Well, it does create some potential issues, the risk of a kind of liquidity problem if you like. I mean, think of it in terms of your own household finances, you know, you could put a lot of money into shares, maybe if you thought that shares would give you a better return than just having cash on deposit, but then just think about when suddenly you have some big unexpected repair bill, for example, then you might need to sell some of those shares very quickly to kind of realize some cash, and then you have to take whatever the prevailing market prices. And so you might have to sell some investments at a loss. So that's the issue here. It's a kind of liquidity issue, how much cash should you keep on hand, the more cash you have the lower your returns are likely to be. Right. Do these pension funds have enough of that cash on hand to pay out the benefits that they're supposed to? Well, that could become a bit of a problem. I mean, we are seeing in some parts of the United States, potentially a very large pickup in people who are eligible to retire in the next year or so. And so as those numbers increase, there could be some cash requirements on the pension funds. Another issue is that some of the investments that these funds are making. So for example, private equity fund investments can also then lead to further cash demands. Why is this happening? Why are these funds holding so little cash? What it's partly because you have to think about other ways to make a good return for your investors, nowadays, of course, you can't make a good returning just by an investing in government bonds or in high quality corporate bonds. And so another issue is that not only have these holdings of cash fallen, but holdings of these very liquids, bonds have fallen too, because you need to reach into other less liquid assets for better returns. So that means taking some of that money, putting it out of bonds, putting it into private equity, putting it into real estate, putting it into other alternatives of investments. So that's what this is all about. In those alternative investments can lose value just as they gain it, right? Well, yes, of course, as with all investing, you know, no risk no return. And so there is a risk with some of these asset classes that yes you could lose money and or you could find that this stuff is very liquid. So if you want to sell out straight away, that could be a problem. That is markets editor Quentin web. Thanks for your time. Thanks very much. Coming up, there are signs that the global shipping backlog is easing. So when does everything get back to normal? Or does it ever? At CAS, we curate and connect the world's scientific knowledge, weaving a fabric of innovation that reveals the hindsight insight and foresight innovators need to accelerate breakthroughs. CAS, the fabric of innovation. There are signs that the problems in the global supply chain are easing. The cost to ship a container across the Pacific dropped 25% in the first week of November, and the number of ships waiting to unload at the ports of Los Angeles and Long Beach has decreased, though it's still hovering near record levels. Shipping in retail executives do not see the backup of goods easing until early 2022. So we figured now is as good a time as any to take stock of the shipping industry with Costas Paris. He's a senior reporter for the journal and covers the industry. Welcome. Thank you. Tell us about that drop in costs. How significant is that? It was the first time it went down by a quarter, as you said, it was the first time that we have seen that drop in two years. And from the people in the industry that we talk with, we are getting signs that the demand in the United States for manufactured goods is gradually easy. This means that the backlog at the ports in the West Coast should also start easy. These are for the Pacific rites, which matters because most U.S. imports come from Asia. What about rates for the rest of the world? How are they looking? The fall has not been as big as dramatic, but they're following the same trend. So the other big ocean highway, if we can put it that way, right? It's from Asia to Europe, calling to a number of ports on the way and on the way back from Europe and there has been false also in the freight rates on that road. Not long ago, The White House made what it called a big announcement when it said the port of Los Angeles was going to operate at 24 hours. What kind of affected that have, if any? It didn't have too much of an effect that being we have been talking to tracking companies and we have been talking also to the ports. And they're very, very few truck drivers that go at night to pick up cargo. It doesn't make too much sense for them. Economically..
KOMO
"logjam" Discussed on KOMO
"In the third quarter But downtown Seattle remains dependent on office workers who are still working remotely A report by commercial real estate firm kid or Matthews notes that rental rates are increasing slightly as landlords hope for a full reopening in the first quarter of 2022 The Dow lost half a point to close at 34,377 NASDAQ gained one 50 in the S&P 500 rose 13 This is rob Smith with Seattle business magazine for como news Here are your political insights from ABC News President Biden announced changes his administration says will E supply chain problems slowing shipments to companies and consumers Port of Los Angeles announced today that it's going to be operating 24 hours a day The president also announcing that Walmart target and shippers UPS and FedEx will work extra shifts in ad work to break the supply chain bottlenecks herding companies and raising prices Talks between Democrats on the human infrastructure Bill continued Wednesday House speaker Nancy Pelosi says the bill will likely be less than the originally proposed $3.5 trillion He speculated how to lower the price tag on the bill Probably in timing that the timing would be reduced On Wednesday osha submitted rules requiring businesses with a hundred employees or more to adopt a vaccination or a weekly testing requirement The Office of management and budget will review the rule and once it signs off that rule will take effect immediately President Biden's called for an expedited process Alex Persia ABC News Washington Congresswoman pramila jayapal from our states as there needs to be more coverage about what's in the proposed human infrastructure Bill instead of focusing on the cost Because we have a build back that are It's already been created It went through committees in the House and still there hasn't been a lot of coverage about what is in the build back better app And I think that is what the speaker is saying that is what the president is saying the Washington state Democrats at 98% of her party agrees on the language of the social spending measure and they aren't trying to leave a certain group of people behind when taking things out of it Giant Paul said programs like funding child care will most likely be in the bill just for a shorter time than previously wanted Como traffic from the dubin law group traffic center We have a new crash in Seattle on eastbound highway 5 to two that's Lake city way northeast at northeast one 20th street both of the Doric bound lanes traffic is getting by but you have to use the right shoulder and that's causing a bit of a slowdown In Kirkland still watching a crash on the northeast 85th street just west of Kirkland way that's causing some slowing through that area and in puebla crash on eastbound 5 12 just east of 31st avenue Southwest has now been moved to the shoulder Our next combo traffic at.
WSJ What's News
"logjam" Discussed on WSJ What's News
"Citizens can now use the cryptocurrency to pay for things from a cup of coffee to their tax bills. It's the first country to do so. And while some crypto enthusiasts are excited the wall street journal santiago perez says some salvadorans are worried. Also a lot of people think that you know. It's not really prepared for these type of adoption. They don't have sophisticated payments system. They don't have you know like upper wallet that type of digital payment platforms. This also a big problem when it comes to the internet infrastructure. A lot of people don't have smartphones. You can hear more about the move on our sister. Podcast tech news. Briefing airplane maker. Boeing is losing a potentially big contract ryan air boeing's largest customer outside of the. Us is walking away from talks to order new seven. Three seven max jets. The carrier says boeing won't drop its prices enough while the planemaker defended stance in the negotiations. The collapse in the talks comes as boeing is delaying deliveries of another of its aircraft. The seven eight seven dreamliner and disney's shown chee and the legend of the ten rings broke box office records this weekend. It brought in an estimated ninety million dollars in the us and canada over the labor day weekend. Despite rising cove infections ticket sales for the holiday weekend are expected to hit nearly one hundred thirty five million dollars. The movie is the first marvel film to star in asian superhero. Disney owns marble. One of the big business stories of the pandemic has been the shortage of things. Actual goods have been hard to get because they're sitting imports. While there are indications the isn't going to get better anytime soon. Logjams at the us shipping centers could continue into next year. And to tell us why markets editor quinton web in hong kong quinton. Good morning. hi there mark. Quinton backups into twenty twenty two. What's the hold up. that's right. that's what a lot of senior people in the industry is saying effectively. It's more of what we've seen already you know. There's already kind of a bit of a logjam stretching from warehouses and distribution centers three ports. And there's already kind of container. Ships backed up at sea as well and that is likely to continue effectively. What's happening is kind of pandemic related if you like. The pandemic has created shifts in the way that people spend and it's also created various disruptions in supply chain on that note about people spending their spending more on goods now as opposed to services. Correct right so that is a part of it. You know so if you feel less comfortable going out for a male against the theater than you might shift some of that spending too you know home improvement equipment or to work from home office equipment etc etc and given the pandemic is rumbling on. That shift seems likely to continue as far as solutions. Anything on the table. Any glimmers of resolution well so the biden administration has appointed a ports envoy to help look into some of this and see if there are ways to kind of make the situation better but given that so many people in the industry expect these congestion problems to stretch long in twenty twenty two. It seems as if there a few easy wins that can be had quinton web. Always good to talk to you. Thank you thanks very much coming up. Those dreaded online job application systems may be worse than you think. They may actually weed out the best candidates more after the break..
Clark Howard Show
"logjam" Discussed on Clark Howard Show
"So what should i do with the rest of my money as someone with no near-term big purchasing goals such as a home or vehicle. What types of investments should i seek to lower my tax burden i am a passive investor and am not risk averse. I am single in my thirties. So i'll give you a prescription. I find works very well for people. And that is to open an account with fidelity investments and use the fidelity's zero funds is a way for you to build Investment assets outside of retirement qualified accounts. You're someone who looks like the idea working till normal retirement age in a normal way is not gonna be. You're likely pattern so having money outside of traditional retirement accounts for be year advantages well fidelity zero funds or index funds. They have no commissions and no ongoing management expenses. So you could put money. In the fidelity zero product you have very favorable tax treatment on broad market index funds. And use that as an additional source is a way for you to invest money for the long term. And congratulations to you on how extremely careful you are with your money and straight ahead wanna know. Do you have the right kind of insurance on your home and your possessions. You may be surprised that some coverage you really need is missing. I've been really concerned about a number of people who are ignoring what i call the success tax. They have done really well saving money handling their money. In a way they carry little or no debt and have developed nice assets. And the reason i call it a success tax. When you've lived your life that way is that you have lived. Your life was such good financial habits that makes you a target for a lawyer. In the event there's a meaningful liability claim against you. Let's say you're in an auto crash that you're found to be at fault or there's some kind of claim where somebody's claiming that you injured them in some way on your property you know. They may have Stone may have have not been settled quite well and they fall and they hurt themselves and they have physical injuries and claim ongoing pain and suffering. Or whatever you getting the drill right.
Clark Howard Show
Logjam: Ordering Delays Are Here to Stay
"I wanna talk about why this fall not like other falls as an example new report out just two days ago about the extreme backlog of ships that are trying to unload it ports in the united states and there's backlogs with the ships unloading at the ports rail cars being loaded with the containerized cargo trucks being available to deliver the containerized cargo. That's led off at a train location in the country. I mean this is a logistical nightmare. Right now in. The united states is so many goods that were not sought during the heart of the pandemic. Now all these goods showing up and more goods than our logistics process in the united states can handle so like the latest. I saw a warning. That christmas is going to be very different this year because a lot of toys that our kids might want are gonna be out at sea literally or in some rail yard somewhere or anywhere other than in the retail store. The you were going to go buy those goods at
Radio Boston
"logjam" Discussed on Radio Boston
"You are laying out a deeply concerning state of affairs. You're laying it out with passion you've been working on it for months now. We have this message coming from the same party in washington that there is a rock and a hard place so you've got people who are concerned about being evicted. They feel vulnerable now and they're hearing procedural arguments. It feels like between the administration and congress about who can do what i. How do you explain that to folks. And how do you break the procedural logjam to seattle. We must exhaust every tool available to us again. The american people have run out of options but government in those in power. Have not the white house in the cdc. They should act unilaterally. Because that is the quickest way with which to to mitigate this heard and so far is just as cavenaugh. he's not king and he offered an opinion that is non-binding not a ruling and his opinion should not prevent us from acting urgently to the public. How so if the matter gets tied up in the courts then we should be ready for that fight but we have to do everything we can to protect the public health and the administration should act with urgency. The fact that they gave the announcement that they would not extend the moratorium and gave congress. Maybe thirty six hours to act is unacceptable. We knew this date was coming. We knew it was approaching so we have three options on the table. And as and as a member of congress..
Odd Lots
"logjam" Discussed on Odd Lots
"But there is one area that that makes me pause. Is that over the past ten years. The federal government has out invested the west coast ten to one by putting about eleven billion. Us dollars into ports on the eastern gulf coast versus about one point. Two billion us here on the west coast. That's gotta change and what we've asked. The by the administration in the officials are to look at investments that will have the greatest economic good for the country. And that leads you to one. Place was angelescu just on the topic of market share and i guess competition with other ports of. I'm afraid this is probably also going to be a two part question but one have you lost market share to other ports specifically because of the congestion issue and then to what can you do to ease congestion. Or what have you been doing. Good questions of one. The numbers here have been going up since last june. No we've not lost any market share to other ports but most of the industry observers tracy who look at this information lag by about six to eight weeks. So you're not gonna see anything just this moment but in watching our numbers again. Averaging nine hundred thousand container units month crossing a million in may of very unlikely there will lose market share in this snapshot in time. What can we do to ease congestion. We've been working on that around the clock with our business partners with government officials Bear garcetti and i were just on a nationwide conference call with the secretary pete. Buddha gauge of the department of transportation with representatives from agriculture the fmc and of maritime administration plus many others..
Odd Lots
"logjam" Discussed on Odd Lots
"Hello and welcome to another episode of the odd lots podcast. I'm joe weisenthal. And i'm tracy alloway tracy. I think we're actually getting to the point where we've covered a lot of the supply chain finance..
The MMA Hour with Ariel Helwani
"logjam" Discussed on The MMA Hour with Ariel Helwani
"Aware program has been delayed an extra day but to be fair. I warned you about that last week with the long weekend here in the us the new dog joining us in the household lot was going on. But your news. We have a show. It's a day late but oh well okay. See you have seen bell tore roth this past weekend. There were some other. Ma action in the world combat america great event at a big tournament. Cfc had a pair of events. There's a lot going on this weekend this week. In particular things are gonna getting back to normal. Things are about to get chaotic again. You have back on saturday with the event. Headlined by jars rosen strike and augustus aci for off again this weekend. They're back again next. Friday bella talk to sixty that one headlines by a very interesting fight at one hundred and seventy pounds for the welterweight title between douglas. Lima and yaroslav amazon's off and then the ufc's back on pay per view neck. Saturday as well in glendale. Ufc two sixty three massive event there at the two title fight rematch get outta sonya versus vittori to we got the rematch. I'm so fired. Up for for the flyweight title between davis and forget. Oh and brandon rano. We got an idea. 's coming back to fight leon edwards whole lot to like there. Oh yeah how. Could i forget this. This sunday floyd mayweather vs logan paul. The fight that makes dreams come true. God i can't believe this is happening. But it's gotta be a spectacle it's gonna be fun just don't take it seriously and you'll probably like it a lot more than you think you will. We'll see what happens. Jake paul versus tyron woodley. That's going down on august twenty eighth so as jim. Ross says business has picked up my friends and let us start the business of this week's episode of what the heck. Let's run down the lineup yet. She's the first chat. Wrap up the show this week. If you miss my chat with rob fonts coming up the biggest win of his career a little over a week ago in the main event of vegas twenty-seven against cody garbrandt a masterful performance. For twenty five minutes. I thought he won. Every round of that fight. I don't know where he goes from here. I don't know the wind was big if it really matter. I'm not really sure he kinda has a couple of solutions to the logjam at one. Thirty five if you will. So you'll hear that conversation wrap up the show. This week is obviously a very interesting position. In one of the most loaded divisions in the ufc. Jared van der is gonna join us for quite chat coming off his first. You have see win on that same. Ufc vegas twenty-seven cardi got the fight of the night with a decision win over justin tofte. We discussed a lot about fight all the bleeding long road to the match up what he wants next. He's got a few options in mind. Much more jordan love. It's gonna join us once again. He's going to be fighting. This saturday at ufc vegas twenty eight against claudio looking to follow up that highlight reel slam ko over matt wyman back in december. He's obviously a new data as well. So we'll talk about that and much more of a first. Let's say hello to a man who will have the biggest career opportunity to date on july tenth huge one huge event and one hundred and seventy pounds kicking us off this week philadelphia zone. Sean.
Podcast RadioViajera
"logjam" Discussed on Podcast RadioViajera
"Theon ademir was coming days a potentially says mrs. allen yondo anton this windows london moscow tower push referendum industrial for dorothea noel l. cannon opinion into this is don or more portlandia wishes him on the new india avocado moti see mathematician must with his Allies la e. r. on the graph. I'm more yoga. Yes guy a fun locator is constructed on trooper quadruple. Quattro company fellow will america toyota guilty southwest but adults whose reacting to this blue theon pushy. Consider your local your nation than the salon. Pocketing in laurie. Queloz wash or they. We had not as brahma owning laughing. Unique i mean there is static. Theon bug as commercial quadruple quadra. Es out indica lower that gave him via e e l. explicable Quadrupled quadra e kinison. See the lucas alon. Lucas lucas can put indica. So i guess i look ethical a push bladder yet. Police emotionality feinstein into saccone within quadrupled quadri era noah bushel aussitot shop them in a losing unskilled horsey seven roughly harrison inch without a whole. Yeah the martial. Law schools chemical macondo rougher game may on winter. Asante is in those missing. Go a diploid making if won't be as landa combined. Lou nikki. The isa leo lack osama light hunter or catholic duluth gase gala la in lateral research pedal. Rafa yoda in lathi eeo policy tehran. Established i is way to lower the wouldn't commentators being a yellow outta yada yada Reacted gay the republic chicago semi chasing light visible in in this deliberated western typically look on a year porky when to show dodi's it preliminary rather stiffish female laboratory al pacino graham bertelsmann fifth yoshi industrial local lady doria in look at the la winter robust than they completely they eat lobster. Alonzo passed seven million bully. We'll know live logjam nordic islands in solution without the master chin tabby case is do. We doesn't really landy is llaneras. Last february lower that gay ambush liberal push on wanna shona allies one. When will recommend that on this demise. A hotel formica. Dini's defended the ethological chefs.
Newsradio 600 KOGO
"logjam" Discussed on Newsradio 600 KOGO
"Betters Ohana Festival returns and for another year it's being held at Doheny State Beach. In data Point. In September. Kings of Leon will headline the first Knight Vetter a solo set on Saturday and then Pearl Jam place together on Sunday. Cold War kids. Mac to Marco and Maggie Rogers are among the other accident. Playing better says he's donating a portion of the proceeds to the sand. No Frey Santer no Fray. Pardon Me, Um Parks Foundation and the dough Heaney State Foundation. It's time for news about your money with Sully. It is brought to you by bay Alarm. Anything less is a crime. It's a 25. Well, after a year of Don't brides and grooms are lining up in a big way to say I do. Wedding caterers and venues are booked. Solid sign ups and wedding registry sites and platforms are soaring and designers air racing to output. Bridal parties. Invited guests it could being cooped up during the pandemic are now eager to join the party, and the result is a logjam. That's right. Couples who put off ceremonies during the pandemic are competing with other couples who got engaged during the lockdown. And now 2021 weddings are insane. So long weekend weddings With such limited availability, couples are willing to host their event on a Monday or a Tuesday. The reason for all this sudden winning excitement vaccines vaccine rollouts appear to have opened the floodgates. Who'd have thought that Monday is the new Saturday Dow Jones NASDAQ S and P all shrugging off inflation data over the last couple of days. Dow Jones Up 432 points 34,020 There that's at 1.3% SNP up 51 at 41 14. NASDAQ Up 1.5% That's 193 points to the green. 13,000 to 25. They're having a terrific down Wall Street coming up at 8 55. Did you know that some actually benefit from inflation? You can too. I'll tell you how coming up at 8 55. Thanks Selling you take 26 a gruesome death within a homeless encampment. We have a breaking story coming up for you. Next. We have your traffic and your weather Kogo New Year's time, a 27. We say big money with our progressive home and auto bundle and used the cash to take a family vacation. You know what he was up for a luau dishes. Note of real testimonial. Sure, customers conceive big money with progressive but not enough to go to Hawaii..
WSJ What's News
Ship Stuck in Suez Canal Threatens More Supply-Chain Disruptions
"There's a massive traffic jam in the suez canal. A giant container ship got stuck in one of the world's busiest trading routes tuesday blocking the canal and leaving dozens of ships. waiting experts. Say even if the stuck ship is dislodged quickly the ripple effects of the logjam could last for days. Blockage comes at a challenging time with global supply. Chains already stretched joining me now. With the latest on efforts to dislodge the vessel and the economic impacts is wall street journal business editor for europe. Chip cummins chip. Thanks for being here prior marie so up on what's been happening. What do we know about how this ship got stuck. Where are we right now. We're not exactly sure how it got stuck. There's reports of strong gusty winds which sometimes happens in the canal. It's highly unusual to have winds so strong that you would essentially push the ship out of the channel and onto the beach and once that happens it can easily jack knife. That's exactly what's happened so that you have the bow in one end of the canal and the stern and the other which means no other ships can go in and out of that canal for the time being. And what's the current estimate as to when they can on ground. The ship late today as the sun set in cairo they were able to partially refloat the vessel so essentially. What they're doing is digging it out from the bank upon which it stuck and then it will float on the water again once. There's water underneath the whole so. They've partially done that. They're going to have to finish that job tomorrow and that could take you know hours. Maybe another day. We're not exactly sure. Tell us what the impact has been so far on traffic since the ship has been stuck. Traffic has had to grind to a halt. It's a narrow channel. The ships that were already in the canal are pretty much halted not making way ships. That hadn't entered the canal will be hiding in front of the
Pacifica Evening News
Stimulus plan stalls as senators debate unemployment aid
"Leaders and moderate Democratic Senator Joe mention of West Virginia have struck a deal over emergency jobless benefits, breaking a nine hour logjam. It installed the party's showpiece $1.9 trillion covert really fill. The compromise, announced by the West Virginia lawmaker and a Democratic aide seems to clear the way for the Senate to begin a climactic marathon. Syriza votes expected to lead to approval of the sweeping legislation. Democrats had already set aside one battle over boosting the minimum wage mansion is probably the chamber's most conservative Democrat and the king maker in a 50 50 Senate. That leaves his party without a vote to spare. Chris Lee reports the Senate is in what's being called a voter rama over the $1.9 trillion coronavirus relief bill where Syria's of amendments are voted on back to back. This comes after Wisconsin Republican Senator Ron Johnson forced to nearly 11 hour holed up on the bill. Forcing Senate clerks to read the massive 628 page legislative package out loud. Senate Budget Committee chair Bernie Sanders open the debate by introducing an amendment to raise the minimum wage to $15 an hour. That provision was included in the House's version of the bill, but it was thrown out last week by the Senate parliamentarian who ruled it was not permissible under budget reconciliation, Sanders says that process is wrong. It is an absurd process. That we allow an UN elected staff of somebody who works for the Senate, not elected by anybody. To make a decision as to whether 30 million Americans get a pay raise or not. I don't care how the parliamentarian rules. No parliamentarian should have that power. People here want to vote against raising them in ways you have that right? Want to vote for it? And I hope you do you have that right, But we should not shuffle off that responsibility. Toe What UN elected staff. That's wrong. Senators voted to reject Sanders proposal 58 to 42 8, Democratic senators Kirsten cinema of Arizona. Jon Tester of Montana, Jan Shaheen and Maggie Hassan of New Hampshire, Chris Coons and Tom Carper of Delaware. Angus King of Maine and Joe Manchin of Virginia voted No. The Senate has since been stalled for several hours. In a debate on the extension of federal unemployment benefits. Democratic senators have a slim margin to get the bill approved. And if just a single Democrat votes against the bill, it could jeopardize the entire
KOMO
"logjam" Discussed on KOMO
"Standard right? Like I can't see. I can't see my sister who lives 10 minutes away. Ryan Calvert Camo news Homeowners. Time is to 40 as we head over to the Beacon Plumbing, Sports desk and Lewis has our latest sports action. Setting up for a great finish at the 18 T final round at Pebble Beach. With Daniel Berger and Nick Lashley sharing the lead at 16 under par Maverick, McNealy is alone in third at minus 15. Patrick can't lay in fourth place at 14 under par. Logjam in fifth, Charley Hoffman and Cameron Tringale, Paul Gacy and Jordan speech that 13 under par. Women's college basketball. The loss for the Huskies falling to number 10, Arizona on the road final of 75 to 53 Queen Miller 13 points, nine boards. He'll even dyke with 12 points, four rebounds. Washington state laws to Arizona State 67 61, Charlie's Leisure walker, but the way with 29 Sports attending 40 past the hour. I'm Dave Lewis. Come on news with so many great options to choose from in the sheets. Three for five app sampler. You'll have plenty to share mix and match any of your favorites and get all three for just five bucks like Mac and cheese bites. Mozzarella sticks boneless wings, You know, I think about you Don't Really have to share the three for five sampler. Order on your sheets up and pick it up curbside sheets run and done. Recently Total wireless help Charlie Michelle State of virtual Dance recital for her friends and family. This event was super meaningful to them, because when you moved to total wireless, you could get amazing devices on nationwide five G and with unlimited plan starting at $25 a month, you could save up to.
NPR's Business Story of the Day
After Months Of Partisan Squabbling, Lawmakers Reach COVID-19 Relief Deal
"Millions of americans. Struggling during this pandemic will soon get six hundred dollar checks and some other additional help from the federal government. After many months of delay congress has reached a deal on a new round of coronavirus relief aid. Send majority leader mitch. Mcconnell and top senate democrat chuck schumer announced agreement last night as i continue battling those corona hours this holiday season. They will not be fighting alone. Make no mistake about it. This agreement is far from perfect but it will deliver emergency relief to a nation in the throes of a genuine emergency now among other provisions is roughly nine hundred billion dollar measure will include more small business eight more unemployment assistance also money for vaccine distribution. Npr congressional reporter cloudy. Aggressiveness is here. Good morning claudia. Good morning david. So give us the latest here. How did this all come together. Yes leaders are finally on the same page when it comes to these key efforts of the steel but lawmakers still note there some last minute details to sort through and finalize such as sharing actual text of the legislation and having members review that tax. We should also know while they were celebrating this breakthrough last night. They were also blaming each other for the delays in reaching this point that said if all goes as expected we should see congress. Vote on this final massive package today. It also includes a must pass annual government funding bill. Lawmakers didn't reach a deal on that in time for the start of the new fiscal year. The so there's been a series of short term. Stopgap measures to get us here last night. Lawmakers passed another one to get us to an expected. Finish line today so assuming that this all gets written up into a bill and it does get passed to talk more about what's in. What should americans expect while we mentioned the direct checks of up to six hundred dollars for americans and we'll also see three hundred dollars extra in weekly unemployment benefits about three hundred billion for small business loans through the paycheck protection program money for hospitals and food security programs rental assistance as well as help for schools. All told this nine hundred billion dollar plan could arrive as a number of provisions were set to expire at. The end of this month tied to a package passed earlier this year. I mean so. Many people have been waiting for this and frankly wondering why it was taking lawmakers so long to come to an agreement and it sounds like the. The logjam here was broken late on saturday. Wha- what what did it come down to it. What was the compromise that they had to reach here yes. This was about a very specific provisions. Republican senator pat toomey of pennsylvania. He wanted to limit. Lending programs for the federal reserve was triggered by an earlier stimulus. Bill known as the cares act was passed in march. Democrats citizen language was overly broad and they wanted to make sure president elect. Joe biden could launch similar lending programs with the fed so they were able to reach an agreement to narrow. The impact and both sides were pleased with the outcome. Democrats say doesn't hurt a future ability to restart lending facilities while tumi told reporters on a call sunday that his initial language was too broad so the president presumably has to sign this of course before it could actually go into effect. Where is president trump on on. These talks in this bill. He's been quite absent. His treasury secretary steven mnuchin has been involved in the initial talks but this is really from congressional leaders trumpet called for bigger relief checks on twitter echoing progressives and conservatives and calling on congress to get it done now we're told he will sign this plan for his part president-elect biden his also called on congress to pass a relief bill swiftly but he's also made sure to call it a down payment on additional aid when he takes office all right. It's been a long road and as you say. A few more details to be worked out. Yeah dotted i's and crossing t's but it sounds like we're getting pretty close to to having this happened. Npr congressional reporter. Claudia christmas thanks so much. Thanks for having me.
Glenn Beck
Bipartisan congressional group splits Covid-19 relief package into two proposals
"Two doses of covert relief for better than one on Capitol Hill for a better chance of getting something passed. Boxes. Jared, help earn has this live A bipartisan group of lawmakers are giving it another shot to break a longstanding logjam over additional coronavirus relief. One proposal would total about $750 billion small businesses and vaccine distribution. A second measure would add $160 billion for state and local governments, something Democrats have demanded. Along with a liability shield from covert related lawsuits for businesses that Republicans demand. Other lawmakers, including independent Bernie Sanders, and Republican Josh Holly won a second round of direct payments Added for Americans Lisa
Marketplace with Kai Ryssdal
Get the money out now
"We didn't get any relief. Bill from the congress and i i want i want to tell me why i wish i knew. I mean honestly. There's been this ongoing stalemate for months and months and months and the need the scale of the need for a bill is just demonstrable at this point right if you look at the numbers for various measures of economic hardship things like hunger or housing insecurity on employment They're huge so it's not as if congress doesn't know that there's a huge amount of need urgent need for them to act particularly given the fact that something like two dozen additional programs that have been holding families together are about to expire around christmas. But there seems to be this logjam over what should actually go into the bill and you know what what tools would be acceptable to help these families and businesses for that matter sue journalists. Take that a little bit farther right. We've got a piece coming up from kimberly adams here in a minute on liability protections which mitch mcconnell wants the state the democrats want state and city Funding to help them through the squeeze Is it possible. Catherine says they can't not know. And i'm going to throw you the same question D- do they really not know. I don't know the answer to that is impossible. It's impossible to now. I mean. I think i think what's really interesting in what is going to continue to be. The core issue is that lawmakers on both sides recognize that there is a massive new. Do something you know. There's there's fairly broad consensus that. They need to come to an agreement that they need to do before christmas. That we can't just you know sort of any year in not not come up with a solution in. I think that's why it's so surprising. And so interesting that it's taken so long to get there and it does seem like it's really boiling under these two issues at this point that's the whole distance between them But you know these two issues could be enough to scupper it. do you think katherine that. It's possible that they go home for christmas. And nothing is done and they say know what biden's coming in in january and let the new congress in the new administration figure it out. Unfortunately i think it is. I think it's a terrible failure of leadership. If that happens. I mean it's been an unforgivable failure of leadership that they haven't come to some sort of deal by now But the idea that in the days after christmas you'll have tons of people who get evicted. Who lose their Their unemployment benefits who suddenly have to start paying their student loan bills again have to pay their their mortgage payments again. Things that were in forbearance I think that would be a terrible terrible outcome. But i would not. I would not put it beyond congress for that to happen. Unfortunately because again it's been months at this point and they don't seem to have Endured any sort of political retribution. For not acting and so. What's to keep them from doing that soon. I hope that they act. But i'm very concerned that they won't do. You know a quick turn to the federal reserve here as we talked about perhaps in this segment last time you were on but definitely on the program at some point in the last couple of weeks. treasury six year mnuchin As we all know has decided that the for some of the federal reserve beginning programs under the care act ought to end it. It's worth pointing out that. While they were undersubscribed they did add some stability here. And i think it's also worth pointing out that they were undersubscribed. bydesign right. They were they were created on terms. That were meant to be extra. And some of them were created to work in exactly the kind of environment that we're about to go into a situation in which things are getting worse credit availability. Use may be getting a little bit worse as a result and you know companies and municipalities need. Need that backup auction in our sort of taking away right right as it may be needed. So i'm gonna. I'm gonna go sooner than i anticipated to. The old standby On a friday on this program. What is jay. Powell thinking genus. Malik you get to go first. The fed meets next week. The chairman will a conference and there will be all kinds of questions but in in five words or less. What do we think is going through his mind right now. Going to get worse before it gets better. He told me that's like nine. But okay all right. i'll buy that catherine. What do you think. Get the money out. Now about it Well look it's the mantra. I think of a lot of economists at this point. Other economic policymakers powell among other federal reserve officials have said as much not in those exact not in that five word phrasing but that they want more fiscal relief. That the ball is really in congress's court at this point to get something done that. The fed will continue to use whatever tools it has available. Whatever their usual You know boilerplate his on that but really they need help from congress
Dave Ramsey
Bipartisan group of lawmakers announces $908 billion stimulus plan, aiming to break logjam
"And Arizona Republican says he's getting more frustrated by the day. For starters, Congressman David Schweikert tells Katie are this bill should have been done months ago. Your Democrats and now admitting the reason there hasn't been the covert stimulus bill for several months turned out. It was the presidential election. They held off from providing this to the American people Try, Curd says. There's so much drama in Washington right now. He wouldn't be surprised if this current package doesn't get done until After the Senate runoff elections in Georgia, January 5th. Although he remains hopeful they'll pass it this month. Jeremy Foster Key to Our news is time to treat this pandemic, a less
AP News Radio
No visible progress yet on key day for final Brexit deal
"Talks on resolving the logjam over brexit continue one of the most intense days in the long running bricks each trade negotiations who started with a little good news about any progress with Britain and the E. U. seemingly still stuck on the same issues that have dogged the standoff for months the E. U.'s Michel Barnier held a predawn briefing with ambassadors of the twenty seven member states to see if a deal is still possible with London ahead of the January one deadline but has no news of a breakthrough what Irish foreign minister Simon Coveney said Bonnie is message was very downbeat I'm Charles de Ledesma
AP 24 Hour News
Biden Endorses $908 Billion Covid Relief Plan as ‘Down Payment’
"With an AP News MINUTE President elect Joe Biden says he fears another quarter million people will die in the pandemic. He also warns people about heading out for the holidays. You cannot be traveling during these holidays. Biden says he backs and $908 billion compromise bipartisan coronavirus relief plan emerging in Congress, adding it would be a stopgap into his coming administration. But any package passed in this so called lame duck says be now in January, 21st Best is only gonna be a down payment. The goal is to break a months long logjam and deliver much sought aid as a congressional session
Squawk Pod
Bipartisan group of senators announces $908 billion stimulus plan, aiming to break logjam
"On. Roy joins us with the latest. And maybe her rendition of a christmas carol. I don't know you know it's up to you. I do love the christmas season. Joe and what democrats are doing right now is trying to make the christmas season a little bit more mary. For unemployed workers there is interest on both sides of the aisle in breaking this logjam on capitol hill surrounding neta virus. Relief package and today more than thirty democrats are getting behind a new push to extend expiring unemployment benefits for twelve million workers before they go away at the end of the year. Virginia senator mark warner is leading this effort with a letter to the leadership of both parties. That says letting these payments lapsed during the holiday season would be cruel and that it would hit the services sector and the art especially hard. The letter says these workers are all facing job loss. It has nothing to do with their skills abilities or performance now there have been some preliminary conversations in the senate on bipartisan measures. That might be able to pass alongside the government funding bill next week and so this letter is just one indication. Democrats appear to be coalescing around the problem of what they're calling the benefits cliff also today senators ron wyden and sherrod brown the top democrats on the finance and banking committees as well as colorado senator michael bennet. They're unveiling bill that would extend these expiring provisions and it would also reinstate that six hundred dollars in enhanced unemployment benefits that has been more controversial and has been one of the sticking points in these broader negotiations surprise. This could be a sign that democrats might be willing to accept something smaller than that to you. Trillion dollar deal
THE NEWS with Anthony Davis
Brexit: Boris Johnson to override EU withdrawal agreement
"British Prime Minister Boris Johnson attempted to talk tough on Sunday ahead of a crucial round of post brexit trade talks with the European Union. Saying Britain could walk away from the talks within weeks and insisting a no deal exit would be a good outcome for the UK. With talks deadlocked Johnson said an agreement would only be possible if EU negotiators prepared to rethink their current positions, the intern accuses Britain of failing to negotiate. Seriously Britain left the now twenty-seven nation e you on January thirty first three and a half years after the country narrowly voted to end more than four decades of membership that political departure will be followed by an economic break. When an eleven month transition period ends on December thirty first and the UK leaves the e You Single Market and customs union. Without a deal, the new year will bring tariffs and other economic barriers between the UK and the block its biggest trading partner. Johnson said the country would prosper mightily even if Britain had a trading arrangement with the EU like Australia's you governments preferred description of annot deal brexit British Chief Negotiator David, Frost, and his counterpart Michele Bonnie a a Jew to meet in London on Tuesday for the eighth round of negotiations. Britain accuses the block of making demands. It has not imposed on other countries. It has free trade deals with such as Canada without to deal British freight firms warned, they could be logjams at ports and supplies of key in Britain could be severely disrupted starting. January first.
WTOP 24 Hour News
FDA issues emergency authorization for COVID-19 treatment
"President Trump says the Food and Drug Administration as issued emergency use authorization for a new treatment for covert 19 patients. Well, I think that there might have been a hold up, but we broke the logjam over the last week. To be honest, I think that there are people In the FDA and actually in your larger department that can see things being held up and wouldn't mind so much. It's my opinion, very strong opinion, and that's for political reasons. This has nothing to do with politics, says to do with life and death. So we are being very strong and we are being very forthright and we have got some incredible answers, and we're not going to let him be held up because every day is lives. We're not gonna let that happen. The treatment announced by the president is called convalescent plasma. It involves transfusing antibodies from recovered patients to those battling the virus.
Dennis Prager
No sign of a stimulus deal in sight as Mnuchin, Pelosi phone call yields no progress
"Speaker Pelosi, Treasury Secretary Mnuchin. They've been on the phone but apparently no progress toward breaking the logjam over another round of Kobe, 19 relieve. The call initiated by Mnuchin, according to sources, is the first time they've spoken since talks collapsed last Friday. But instead of indicating movement awarded to taught both sides of the score how entrenched negotiations are and blamed each other for the stalemate. Pelosi incident Minority Leader Charles Schumer released a joint statement that said Manoogian had made an overture to meet but also made it clear that the White House wasn't moving on either the price tag on the legislation or what should be in it. It's unclear what if anything, could break the stalemate.
Bloomberg Businessweek
Mexico says it has reached deal with US that paves way for oil production cuts with OPEC, others
"After talks to cut oil production failed to reach agreement yesterday Mexican president Andres manual Lopez Obrador AMLO says Mexico has reached a deal with OPEC and other producer countries to reduce oil production to help support prices which have plunged during the pandemic ammo says Mexico will cut production by one hundred thousand barrels per day and the U. S. will cut the flow of oil by two hundred fifty thousand barrels the deal could break the logjam in efforts to lift petroleum
Pod Save the World
Netanyahu's future still uncertain after Israeli election
"Let's turn to Israel. This week is rarely voters went to the polls for the third time in a year. Yes a year So first of all of the results that ninety percent in the last time I checked prime minister bb. Netanyahu was winning and projected to win fifty nine seats in. Israel's parliament the Knesset so that's good news for bb because he's five or six seats ahead of any guns from the blue and white party whose his chief rival but it still not be enough to end this electoral purgatory citizens. And here's why so. Israel's system is not like ours. You don't win the election. And then you're in charge. You have to build a coalition that controls sixty one of the one hundred twenty seats in the Israeli Knesset in the last two elections and Netanyahu Angolans have failed in that coalition building task So now they're gonNA try again. Ben Is pretty depressing. That voters didn't care about the fact that Netanyahu is going to stand trial in a few weeks on corruption charges in fact. Bb has gained votes since the September elections so cool. It's also depressing for those of us. Who WANT A two states solution in Israel because both candidates out there talking about annexing the West Bank? Interestingly an alliance of Arab voters did well in selection and They're now the third biggest party in Israel. So That's interesting chaining dynamic but you know in the near future. I think a lot of people worried that Israel is careening towards a constitutional crisis or even a fourth election because bb is about to stand trial and will likely demagogue and say fake news and say it's a witch hunt to get him just like trump because they're the same person. Yeah and I feel like we've had the same conversation now. Three times And this question will be. Can he can form a coalition get to sixty votes He may need the help of avenue or Lieberman Israeli politician. Who's kind of become quite An ENEMY OF BBC. At least in in that case you know we could return to one of the formulas that we talked about in the fall. Some form of unity government or agreement where they rotate as prime minister's all this is pretty bleak because Israel can't break this logjam. Bbc poising their politics with increasingly extremist positions. You know we've evolved in the third election. All the way to the fish in the West Bank Each election it kind of gets worse in terms of BB's platform on the Palestinians It speaks Not just the polarization in Israeli society in that. Bbc has kind of a big media apparatus and demagogues the opposition. But also you know Benny. Gones is just not a good politician. You know for those who don't follow as closely like you know he's a former military guy kind of the centrist who could be a you know a safe space for a bunch of different parties but political talent like he he he didn't wasn't a natural communicator. And I think the only way for the CENTRE-LEFT WE'VE IN THE CENTER. I guess in Israel to really break through is that they're going to need someone with more political chops at some point. They're going to need a leader or you know grassroots movement combined with lear that they can overcome bb's support which is not a majority of the country but is a strong minority in enough to kind of hold the line here in prevents someone else like. Gods from winning so You know we could be headed towards a messy coalition politics in some bizarre unity government Tumbled over whether these indictments against bb go forward. In any event. I think the situation with the Palestinians is very grim And is really politics until bb can finally exit stage right here. And hopefully the center of the centre-left can get stronger leader. We're going to be kind of stuck in this place. Maybe they can borrow one of our. Amer candidates primary speaking of which Last week we talked about Bernie Sanders decision to skip the APEC conference. The Big Pro Israel lobby conference so At that that this weekend the Israeli ambassador to the UN Danny Danon said we don't want Sanders APEC. We don't want him in Israel. Anyone who calls our prime minister a racist either a liar. Ignorant fool or both which is very charming The CEO of a pack hard core also obliquely accused sanders of demonizing Israel. Nate that gave Mike Pence a platform to smear Bernie into Democrats side. Israel's enemies so it was nice of these folks to almost immediately prove that Bernie's fishing was a wise one. And I would suggest everyone listening that if you want a vibrant democratic Israel Checkout Jay Street. Yeah Yeah it to me. The the biggest problem here right is the the massive red carpet that they roll out every time for bb and his biggest goons and for like pants and Mike Pompeo and these guys and then you know they they have some democratic members of Congress. We've always gone to a pack. And they they try to claim. This broad bipartisan view of things. This is not on the level here. You know APEC wants to be able to put the bipartisan stamp of approval on itself while relentlessly over the last several years. Supporting the agenda of the Likud party in Israel and the Republican Party in the United States relentlessly attacking Barack Obama. Frankly putting us in this shitty situation that we're in where we pulled out of the Iran nuclear agreement so actively harming US interests with the end of the Iran nuclear agreement and then complaining that people don't show up at their conference. I mean come on guys like And then you know dunking on everybody because a bunch of other candidates like send videos like the. I hate to break it to you. The people send videos to a lot of things. Right also is a racist. I mean he's he's says racist things on the regular choice last laws that devalues human beings who happen to be Arab. Yeah yeah I mean and and every election we get this rhetoric about the Arabs voting is in an inherently bad when they are citizens of Israel. You know so Like I I'm I'm kind of you. Know over this debate We'll keep watching the election
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