35 Burst results for "Nineteen Percent"
Study: Childhood Obesity in U.S. Accelerated During Pandemic
"Hi Mike Rossi are reporting a study finds childhood obesity accelerated in the U. S. during the pandemic a new study from the centers for disease control and prevention links the cove in nineteen pandemic to an increase in obesity in U. S. children and teenagers the CDC study found an estimated twenty two percent of children and teens in the U. S. world peace in August twenty twenty one up from nineteen percent a year earlier the rate of obesity increased most in kids ages six to eleven the study was based on a review of medical records of more than four hundred thirty two thousand kids and teens ages two to nine who were weighed and measured at least twice before the pandemic and at least once early in the pandemic hi Mike Rossi up
El Salvador Embrases Bitcoin
"Firming topic today. We're doing a global tour of bitcoin who's embracing this disruptive digital gold this proto money system. Let's start by doing a quick revisit to el salvador on tuesday's show. We discussed some of the controversy leading into el salvador's bitcoin day. The formal enactment of their bitcoin legal tender law on surprisingly and continuing the themes that i was just exploring the gladiatorial battle on twitter continued throughout the day professor. Steve hanky who has really really tried to use. This crypto cycle to jump to the very top of the bitcoin antagonist list. Just would not shut up about it. I mean we are talking about ten twelve separate tweets many which said the same thing over and over. Here's a good example contrary to president. Bu kelly's unfounded claims el salvadorians do not want. Bitcoin is legal tender. The only ones who applaud are criminals. They know that the bitcoin law paves the way for rampant money laundering and corruption. This is one of those arguments. Where as soon as you even dine to make it. I look around at myself. Everyone that i know. Who's working in this industry. All the people that i know who are connected to this industry all the people who are in places like asante who have proven over the last few years how. Bitcoin has relevance for community like el salvador. And i mostly just stopped listening to what you have to say. Because you're clearly not in it for an actual conversation. And yet he continues. He tweeted at least three times about bitcoins. Volatility bitcoin nineteen percent to a twenty four hour. Low of forty two thousand nine hundred and twenty one per bitcoin today to queens volatility is an obvious reminder that it can never be a reliable unit of account and thus can never be used as a currency. Btc is nothing more than a highly speculative asset. Naib kelly's bitcoin law will do el salvador. Never mind his careful use of hash tagging on. Bitcoin and btc gotta make sure. Everyone sees his angry tweets. Professor hanky also hated it when president. Bu pele bought the tip and made fun of the imf all in one tweet saying buying the dip one hundred and fifty new coins added. It appears the discount is ending. Thanks for the dip. Imf we saved a million and printed paper el salvador. now hold five hundred fifty bitcoin.
US Home Prices Soar at Record Pace in June
"Home prices soar to record pace in June a limited supply of available houses resulted in prices jumping by almost twenty percent in June the S. and P. CoreLogic case Shiller twenty city home price index surged nineteen percent compared to June of last year that's the largest increase on records dating back to two thousand the annual price gains were higher in June in all twenty cities than they were in may prices are now at record highs in nineteen of those cities with the exception being Chicago prices increased the most in Phoenix where they were up twenty nine percent from a year earlier my camp in Washington
Astra Stock Falls After Weekend Rocket Launch Failure
"Builder astra stock fell monday. After the companies launch attempt over the weekend failed following a problem at liftoff shares of astra fell nearly nineteen percent
Existing US home sales rose in June; prices hit new highs
"Home sales are up and so are the prices the national association of realtors reports that the sales of existing U. S. homes rose in June despite home prices reaching a new high sales snapped a four month losing streak driven by strong demand for high end properties and ultra low mortgage rates June sales of five point eight six million units was just shy of economists expectations and a bump of one point four percent from may home sales had been slowing with high prices and low inventory that was down almost nineteen percent from a year ago the median U. S. home prices hit a record at over three hundred and sixty three thousand dollars that's up over twenty three percent from a year earlier I'm Jennifer king
U.S. Adds 850,000 Jobs in June, Better Than Expected
"You fire up the grill this july fourth weekend. We've got some big news on the state of the american. Consumer the jobs report coming in better than expected the us at eight hundred fifty thousand new jobs and people are getting paid. More hourly wages for non-supervisory roles in leisure and hospitality industry up two point three percent huge games. Their bank america reporting credit card spending is up nineteen percent for over a two year period for the week ending june twenty six with growth in travel entertainment dining out especially strong so as we head into the long fourth of july weekend. Is it all fireworks for the great american consumer seagrass kick it off so payrolls. There's still some slack. Payrolls was still about six point. Seven million below pre pandemic. That's number one so you have slack in the labor market so we're not so worried about inflation just yet people have a job. People have job. Keep a job people who don't have a job. We're going to be coming off aid when september. i think the number is. What's the extra cheque right now. Three hundred dollars. Jumping whenever you know. Because i'm not so sure about the numbers so three hundred dollars extra on top of unemployment unemployment checks that's going to be rolling so i'm a little perplexed. Does the economy keep rolling or do we see a pull back in september. So you're questioning. I'm quasi just to put a bow on my thing cosco all-time highs nike all-time highs x. Y. discretionary you think it's time you'd think it's toppy feel like it could be a much toppy. There are some pockets of strength. But i think in september that's make or break and that's real pivotal going into urine.
What are Frontier Markets?
"As i was doing the research. I was fascinated by the sheer size of frontier markets in terms of population. Two point two billion people. A third of the world's population yet the economic impact at this point is still small only about three and a half percent of the world's gross domestic product the monetary value of goods and services produced a third of the world's population produces less than five percent of economic output. This size of the stock market's even smaller frontier markets. Make up less than one percent of global stock market capitalization that's the size of the equity market as determined by the price of a particular company times the shares outstanding less than one percent. And there aren't even that many stocks there are three thousand stocks that comprise the msi all country world index which is both developed and emerging markets. There are fourteen hundred emerging market stocks yet in the mci frontiers market and xers only eighty one stocks the countries that comprise that in. And i'll just go through the list. Because i think it's helpful and instructive to know what's there is croatia estonia iceland lithuania kazakhstan romania serbia's slovenia other countries include kenya morocco. Area bahrain jordan oman bangladesh lanka vietnam the largest country within the index as measured by market capitalization or sizes vietnam. It comprises thirty percent of the frontier market index. Morocco is twelve percent. Iceland's eight percent. Kenya seven percent. Kazakhstan is seven percent in looking at ways to invest the primary. Etf i found for us based investors is the i shares mci frontier and select emerging market. Etf i'm not sure exactly when i shares renamed it but the largest wait in that. Etf is kuwait at nineteen percent. And as i mentioned kuwait was upgraded from my frontier market to an emerging market.
Bitcoin Plunges Below $40,000 as China Widens Its Crypto Crackdown
"Tuesday the national internet finance association of china the china banking association and the payment and clearing association of china all issued a warning that consumers would get no protection from losses related to cryptocurrency investment transactions and financial and payment institutions are advised not to use virtual currency for most purposes. You'll see this being called a ban because it's essentially the same as if you're like. You really shouldn't do this because it's you know you're not gonna get any of our support and these are organizations. It's just short of a ban and is effectively going to end up being as if there was a band and that's important because about three quarters of bitcoin mining happens in china if your mind and all that bitcoin and suddenly you can't use it for anything inside your own country doesn't mean you can't make money off it at all but it makes it more difficult so this is the straw that broke the bitcoin. Camel's back wednesday. The price of bitcoin fell below thirty. Four thousand dollars for the first time in three months. Other currencies like theory does coin and more dropped as well and coin market cap estimates. The entire crypto market shrank by twenty percent between tuesday and wednesday. Now it has come back since then to be a more well. It was seventeen percent earlier. It's nineteen percent recording. This is why we don't like covering these things because it changes from minute to minute but it's a big drop and we normally wouldn't cover these kind of fluctuations accept that everybody was talking about this. I guess because it was so high and it had been starting to get more attention.
Intel: Core i5 Will Beat Ryzen 9
"Why don't we jump right into our first topic of the day yesterday. Intel announced their core. I nine eleven nine. Eighty eight k Let's dissect that That processor code a little bit here. So it's an i nine which means the top of their stack. It's got an eleven which means it is eleventh jen. It has a k. in it which means it overclock. -able it is h which means that is part of their h series so those are high-powered mobile chips and it has a nine hundred eighty in it which means it's faster than Something with a lower number like really good wine pairing to a nine hundred. Ti they call it the world's best gaming laptop processor and it's based on their ten meters superfan process and as eight course with a max frequency of five jigger hurts intel promises nineteen percent generation over generation multi threaded improvement. Which i believe could actually see coming. And i expressed gen four makes an appearance. Apparently this really fast with intel including these graphs.
Intel Launches 11th Gen. Core Tiger Lake-H: Eight Core 10nm Mobile Processors
"Into launches ten nanometer eleventh generation core tiger lake h high-performance mobile processors offering six to eight cores and twelve sixteen threads each with thirty two cores of z l. p. integrated graphics and all but the top end. I nine eleven nine hundred k. Supporting both the standard forty-five watt. Tdp power down. Thirty five watt version. The us include twenty lanes of express. Four point oh support eighty one decoding include built in thunderbolt four controllers and support. Ddr four thirty two hundred memory with intel claiming up to nineteen percent better performance per clock over the previous generation
US Home Construction Rebounds in March After Frigid February
"Home construction in the U. S. is trending up after some frigid weather shut down many projects the construction of new homes and apartments shot up by nineteen percent in March over February when severe storms in many areas of the country because construction to fall by eleven percent the commerce department says single family construction was up by fifteen percent last month while the apartment sector jumped thirty percent I kind of missed expect housing construction to remain strong this year given the record low level of homes for sale a new report by mortgage giant Freddie Mac concludes the housing market is almost four million single family home short of what's needed to meet demand my camp in Washington
When Currencies Fail: Bitcoin Google Searches in Turkey Rise 400% as Lira Crashes
"Let's move to our main discussion and there are really two parts of the story that we're going to cover. The first is the devastating crash of the turkish lira. The second is the response of people in that country who found their money worth dramatically less than it was just a few days before first of all what happened between sunday evening and monday. The turkish lira fell as much as seventeen percent against the dollar ultimately landing around ten percent down. Turkish stocks also crashed the benchmark borsa. Istanbul one hundred stock index was down as much as nine point four percent which is the biggest sell-off since june. Two thousand thirteen. The nasdaq listed shares. Msci turkey efl seventeen point five percent pre market in the us. The cause of all this on early saturday morning. Turkish president aragon unexpectedly fired nasi ball. though central. Bank governor who had been appointed in november at the center of their disagreement was how to approach inflation. So let's step back and actually look at the scenario inherited oddball. He was the third central bank governor in two years in november the year that he came to power the annual inflation rate was fourteen point zero three percent. According to the turkish statistical institute by december it was up to fourteen point six percent now these are just official numbers and some argue that it's actually much higher on november twelfth twenty. Twenty johns hopkins. Economists hanky tweeted everyday. I accurately measure inflation in turkey today. Measure it at thirty five point six one percent this year as opposed to the official number of eleven point eight nine percent after that fourteen point six percent number came out in december. He said that it was actually twenty. Five point eight five percent per year even holding that aside if you just take the official number nearly fifteen percent inflation a year a staggering that means a having of your purchasing power every year and this has been going on for a long time sue from three hours capital tweeted last night fun fact. The reason turkish lira is t. r. l. is because they've already redenominated before due to massive hyperinflation. Let's add a little more color than about the previous year and a half. The central bank had been keeping interest rates low or at least below consumer inflation. And as we've discussed before on this show. Negative real rates mean investors are discouraged from holding that sovereign debt as well as from holding lira or lira-denominated assets. These have been the policies for eighteen months or more and by fall. The currency was at all time. Lows added to. This fire was the way the turkish central bank had been trying to prop up the lira. Selling more than one hundred billion dollars in us foreign reserves in order to keep the lira from completely cratering in the process this destroyed and depleted their foreign exchange reserves and lead them to actually owing more dollars to turkish banks than the central bank actually had determined. Opposition leaders ask for judicial probe into the official reserves as of november. The country looked to be heading to a full on balance of payments crisis. And on top of this there have been major questions around the independence of the central bank from president. Aragon aragon infrequently given the central bank direct monetary policy instructions had dismissed two governors in the previous sixteen months effectively. When we really take a step back. Turkey has been on the see-saw between currency crisis and inflation. On the one hand and massive austerity and growth slowing interest rate hikes. On the other a currency crisis twenty eighteen led to increase interest rates. And by summer of the next year aragona points quote a friend to cut rates by mid-november when oddball came in it was a swing back to the interest rate hikes austerity side of the pendulum. The first act of akbal as he came in was to immediately raise the central banks one week repo rate which is an interbank lending rate from ten point. Two five percent to fifteen percent now. Interestingly this had started to work things were looking more positive from currency perspective at least in early. Twenty twenty one. Daniel call tweeted this morning. The turkey central bank helped make lira one of the best currencies versus the us d- in twenty twenty one curbing money supply growth via rate hikes helping reduce inflation. The turkish lira was up three point zero seven percent from december thirty first twenty twenty two march nineteenth. Twenty twenty one. It had been down twenty percent the year before it also saw something like fourteen to twenty billion of foreign fund inflows into turkish assets over that same period which reversed years of the opposite direction. Basically the interest rate hikes austerity were performing well in the context of global currency markets. But ogbah clearly didn't believe inflation was getting under control to the degree that he wanted to. He raised rates again to seventeen percent and then finally on the thursday before his dismissal raise them much more than expected to full. Nineteen percent and so the pendulum is swinging back again from interest rate hikes and toward at least in the minds of investors runaway inflation. The newly appointed governor saheb cops. Yo glue said that beating. Inflation is the bank's main objective but also said that they're committed to lowering borrowing costs and bolstering growth. Money managers. basically think he's going to be forced to lower interest rates and accept currency depreciation and indeed the other place. This is showing up is in the cost of insuring. Turkey's government debt against default the price of which rose more than fifty percent over the weekend. What's more this move. And the switch. From ball to cops iaglu super reinforces the narrative that central banks lack independence from erdogan. As well casio glue is a party. Loyalist bloomberg's chief emerging markets. Economists said quote the hit to the central bank's credibility and independence can't be overstated to gone has battered the institutions with interventions that have repeatedly financial markets. Were willing to give ball a chance. His successor will find it hard to build that trust again. So let's talk now about the other dimension to this that you might have caught if you were on twitter. Google searches for the term bitcoin in turkey more than quadrupled over the weekend after akbal sacking wise. That happening while one part of it may be the idea that bitcoin provides in inflation hedge and just a different currency to get away from lira volatility. Which by the way all it using bitcoin to get away from volatility where they don't tell you when they're trying to critique bitcoin is that people can stomach more volatility if there's some possibility that those seventeen percents swings or also to the upside as well but the other part of it is that as i mentioned the new governor has said that they are committed to fighting inflation but doesn't want interest rates to be the tool because they messed with growth. What are there other tools then. Bing bing bing capital controls restricting the flows of capital out of lira and lira-denominated assets so one question might be alongside. Google searches is are we. Seeing an increase in exchange activity owner goes pack. A consultant at the bbc turk pro exchange said that there was a spike in volume and that it was four both usd t tether as an alternative to us dollars and bitcoin on btc turk the bitcoin turkish lira pair has the highest volume with the tether turkish lira pair being the second highest now. This situation is going to evolve a lot. And i think on the one hand you have to just heartbroken. For the turkish people who are stuck between the whims and machinations of politicians and global economic flows that they have no control over when it comes to how much this new set of crypto and digital assets can actually help them escape from those pains. I've said numerous times. One of them remarkable things about this moment isn't that bitcoin and digital assets are going to save everyone from the follies of local currency regimes. That's just not realistic yet. What's remarkable is that for the first time ever the entire span of human history. There is a convenient easy permission. 'less ramp from those regimes for those people. Who have the technical know how to do it. The number of people who have that know how is an ever expanding group and that means that bitcoin and digital assets at an x factor to every single currency crisis. From here on
The innovations we need to avoid a climate disaster with Bill Gates
"Would like to start where you start from the title of the book how to avoid climate disaster. Which of course presumes that. You're heading towards the climate disaster if we don't act differently. So what is the single. Most important thing we must do. So via caster the greenhouse gases we put into the atmosphere particularly ceo to stay there for thousands of years in. So it's really the sum of all those emissions are forcing temperature higher and higher which will have disastrous effects and so we have to take these emissions which are presently Over fifty one billion tons per year and drive those all the way down to zero and that's when the temperature will stop increasing and the disastrous weather events. won't get worse and worse so you know it's pretty demanding. It's not a fifty percent reduction. It's a all the way down to zero now. Fifty one billion is is a big number is difficult to register so understand that help us. Visualize the scale of the scale of the problem. Well the key is to understand all the different sources and People are mostly aware of the production of electricity with natural gas and coal is being big source. That's about twenty seven percent and there's some aware of transportation including passenger cars. Passenger cars are seven percent and transportation. Brawl is sixteen percent. They have far less awareness of the other three segments agriculture Which is nineteen percent heating and cooling buildings including using natural gas or seven percent and then sadly the biggest segment of all manufacturing including steel and cement People are least aware about one and in fact that one is the most difficult for us to solve the size of the all steel plants cement plants paper plastic. The industrial economy is gigantic. And we're asking now to be changed over in this thirty year period. We don't even know how to make that change right now. So you're correct momentum. Really here i'm simplifying. Is that basically. We need to clean up all of this the way we make things we grow things. We got around economy and so to do that. We need to get to a point where green energy is as cheap as fossil fuels and new materials materials cheap as materials and do ducal eliminating the green premium. So start tell us what you mean by green premium so the premium berries from emission sources. It's the cost to buy that product where there's been no emissions versus the cost. We have today and so for an electric car. The green premium is reasonably moss. Do pay a little more upfront. You save a bit on the maintenance and gasoline you give up some range. You have a longer charging time but over the next fifteen years because the volume is there and the aren't dis being done. We can expect that. The electric car will be preferable. It won't cost more will have a much higher range. And so that green premium that. Today's about fifteen percent is headed to be zero even without any government subsidies and so that's magic. That's exactly what we need to do for every other category now an area like cement where we haven't really gotten started yet. The green premium today is almost double the price that is you pay one hundred twenty five dollars per tonne of cement today but it would be almost double that if you insisted that it be green cement and so the way i think of this is in twenty fifty will be talking to indian same to them. Please use the green products is you're building basic shelter. You know simple air conditioning which they'll need because of the heat increase in lighting at night for students and unless we're willing to subsidize it or the price is very low They'll say no. This is a problem that the rich countries Created that india suffering from. And you need to Take care of it So only by bringing that green premium down very dramatically about ninety five percent across all categories. Will that conversation go well. So that india can make that shift and so the the key thing here is that the us has responsibility is not just two zero out its emissions. That's very hard thing. But we're only fifteen percent unless we through our power innovation make it so cheap for all countries to switch all categories. Then we simply aren't going to get there and so the. Us really has to step up and use all of this innovative capacity every year for the next thirty years what what needs to happen in order to for this breakthroughs to actually occur with kind of whatever the players need to come together well innovation usually happens at a piece of its own here. We have this deadline twenty fifty and so we have to do everything we can to accelerate it. We need to raise The rnd budgets in these areas in two thousand fifteen. I organized along with president lawn and obama. Aside event to the paris climate talks where what prime minister mode labeled mission innovation was a commitment to double rnd budgets over a five year period in all the the big countries came in and made that pledge. Then we need lots of smart people who instead of working out of the problems are encouraged to work on these problems. So coming up with funding for them is very very important. I'm doing through what. I call to energy fellows. We need high risk capital to invest in these companies. Even though the risks are very very high. And that's There is now a break in energy ventures as one group doing that and drawing lots of other people in But then the most difficult thing is we actually need markets for these products even when they start out being more expensive. And that's what. I call catalyst organizing the buying power of consumers and companies and governments so that we get on the learning curve. Get the scale going up like we did with solar wind across all these categories so it's both supplied innovation and demand for the the green products. It that's the combination that can start us to make this change to the physical in the infrastructure of the entire physical economy
Intel buys time with 'retrofit' Rocket Lake desktop PC chips
"Intel fully unveiled at seven th gen core desktop chips also known as rocket lake s these the cypress cove architecture which is at fourteen nanometer implementation of the willow cove architecture also used in ten nanometer tiger. Lick chips for laptops. That's important to note because the top of the line said in the gen desktop chip the core. I nine eleven nine hundred k. Has eight cores and sixteen threads which is to fewer occurs and four or fewer threads than the previous ten th gen flagship. The idea is that the more efficient architecture makes for up for the drop in cores in threads but until would like you to ignore all of that and pay more attention to instructions per cycle because those are nineteen percent better now and that's fair that's fair since most games don't use multiple cores anyway and the new top chip reaches up to five point three gigahertz on a single core until touted a fourteen percent improvement on flight simulator at ten eighty p even on multi core functions to- claims it's eighty eight percent faster than its last gen ed video editing and thirty five percent faster than is rising nine thousand nine hundred x so the independent benchmarks will be important. There are other advantages though. Potentially the eleven gen chips also address sizable bar which is a frame rate boost to compatible graphics chips from nvidia an md. You also get support for usb three point two john to by two thunderbolt four. Ddr four thirty two hundred ram and twenty gen four pci lanes new five hundred series. Motherboards are coming but rocket lake s will also work with existing four hundred series boards over clockers. we'll get a new and updated features in until extreme tuning utility if you're wondering about price until eleven gen. Desktop processors are available now from eighty two dollars to up to five hundred thirty
There is a Surge Of Coronavirus Deaths in Mexico
"New data reveal a surge of cova deaths in mexico. The country has officially confirmed more than two million cases. An almost one hundred eighty thousand deaths from the corona virus but mortality rates. Tell an even more grim tale over the past year deaths were fifty two percent higher than in previous years. According to the financial times that puts mexico's rate of excess deaths much higher than that of countries such as america and brazil assembled woman to stay lot yet earlier this month. Mexico's president andres manuel. Lopez obrador widely known as anglo said. We are living in a stellar moment. The kovic spike is far from the country's only problem poverty. Corruption and crime are all on the rise but polls indicate that two years into amyloid term. Most mexicans are willing to give him more time. Mexico's president is incredibly popular. Sir burke is our mexico bureau chief he wanted on slide in two thousand eighteen and he still has approval ratings that most other leaders would be extremely jealous off at sixty two percent as it stands and that's all in spite of what looks like a very good handling of most things most obviously at the moment the pandemic. What do you mean by that. Mexico is a terrible record for covert hospitals are full and oxygen tanks in short supply. It's done very few tests for covid. It hasn't provided very much financial support tool for people who are suffering or being asked to stay home not to work the vaccination which is one sort of bright spot potentially insofar as mexico has lined up enough vaccines to cover its population. But it's a very very slow start. That might be picking up now. But otherwise there talks of ten years to get to seventy five percent of the population being vaccinated. I'm currently this has been a problem again from the top. So i'm low has completely downplayed the importance of the pandemic. He has refused to wear a face mask apart from wants when he flew in an airplane to go to the united states and he got covid himself the stars of this year and he reappeared and everyone thought well. Maybe he'll have changed his mind after this. But he reiterated again that he wouldn't be wearing a face mask so in the face of that pandemic response on wires his popularity still so high so he had this amazing vision for mexico in eighteen. Which is why he won with a landslide. He said. I'm going to do a fourth transformation. These big bold plan to make the country fairer and more equitable ending corruption and crime. And making sure there was economic growth where the gains were fairly distributed so that poor people go rich. The reality is slightly different from the vision so far in the two and a bit years. He's been in power. He's been undoing. The reforms of previous presidents and dismantling that system throwing out the baby with the bath water you could say. And then his new initiatives mainly they seem to fail to solve the problems that they put two and then a of third element is that he's really concentrated power in the presidency and some people say that they get things done and other people think they're more evil intentions behind that well. Let's come back to the throwing the baby out with the bathwater part. What's he'd been doing. In terms of reform he abolished prosper. Which was a very sort of lauded conditional cash transfer program for the poor he also reversed education. Reform was much more meritocratic assessment of teachers. A big one at the moment is he's trying to reverse bit by bit and opening of the energy market. That happened in two thousand thirteen so it was open to private and foreign enterprises which make electricity cheaper and greener on current. Neither congress is debating a bill which would favor cfe which is state owned electricity provider. So they're actually go first into the grid. As opposed to the cheaper electric which is often green provided by private companies. This would obviously raise prices and deti energy but it could also breach the. Us mexico canada agreement. Which is the north american free trade pact to replace after another sort of big thing has been getting rid of or proposing get rid of a lot of the autonomous agencies such as the freedom of information agency all these ones keep checks on the government and what it's doing so well he's been tearing all that down. What's he been building up. Will you say his own initiatives. Don't do what they should. He's very dedicated to fiscal discipline. That's a good thing especially in a so-called left leaning president it's also become very counter productive during the pandemic. The imf is telling mexico to spend more so far it's only spent nine point seven percents of gdp on extra efforts during the pandemic and more needs to be done and some people think this is going to need to scarring that there's going to be permanent drop in output caused by loss of jobs and businesses so the recovery is going to be much much slower in mexico than elsewhere. He's also splashed out on bizarre old-economy projects such as pouring money. Pex the world's most indebted oil company. And then he's putting eight billion dollars into a refinery at the time when no other country is building refineries and it's not clear what economic return that will be from that and you mentioned the big transformative plan was in part about ending endemic corruption and crime. How's that been going. Well either jason. That was point. Four percent dip in murders last year and he proclaimed this dip as a very significant success. But that's after a rise the before and frankly during the pandemic you'd expect it to have dropped them. In in other countries across latin america that also suffer high levels of violence that has been the case he also rejected the previous government's tactic of killing and capturing crime kingpins because led to a splintering of gangs. And you might be worth rejecting that. But there's no alternative puts in place. So i think his vision is that you alleviate poverty and crime goes down. That might happen in the long term but it does nothing to sort out the short term problem the problem of the current chapel as opposed to the ones who are still only three years old on corruption. As you could say he's set a good example so has been good political rhetoric. The stiffer penalties on bribe-taking for bureaucrats. But he's unless strengthen the institutions to carry that ford again it's more rhetoric than actual institutional change or heft. The national anticorruption prosecutors overwhelmed with cases and one government agency suggests that the number of acts of corruption actually rose by nineteen percent between two thousand seventeen and two thousand nineteen. It is as you say not a big list of happy news here. I mean when will that's ring down to the electorate. I mean how long we'll mexicans continue to support him for his failures because he really has persuaded a lot of people that he's like them and cares about the he's very popular because of who he is and his message rather than necessarily what he does. The opposition is seen as corrupt on what came before him was horrifically corrupt. And so he's seen the best of a bad bunch by a loss of people. But you know here's a classic populace and a lot of elite azam Against him they see him as a mexican version of hugo chavez. Which i think is a little bit of an exaggeration. But there's this big divides on the mix of policy failure. I'm power grabbing is is worrying.
We Finally Know Exactly How Bad The Pandemic Has Been for Airline Pilots
"We see in plane and pilot magazine. We finally know exactly how bad the pandemic has been for. Airline pilots and the numbers here are pretty staggering and eliminating max indeed. I was really quite stunned to take a look and see. Just how bad things are. I mean we all know that the airlines have been hit disproportionately hard here during the pandemic that know some pilots have been out of work. This was a survey done by goose. Which is a pilot. Recruitment firm not for birds but for a and they found that nearly half of all pilots worldwide. Either looking for work or on furlough which was shocking to me. They said that thirty percent of the people surveyed were out of work and looking and other seventeen percents that they were furloughed awaiting further news and additional. Six percents said they were still employed with their airline. But we're doing non-flying works pretty stunning. Half half the pilots Basically out of work or looking for work in this comes from a survey of two thousand five hundred ninety eight pilots. This survey was open for four weeks just to kind of set. The timeframe in it closed october thirtieth twenty twenty and it was anonymous survey thirty questions and the survey was designed for pilots of all ranks. First officers second officers and cadets in some of the data in this is just really really fascinating and we'll have a link to the survey report which was done in conjunction with flake global. And a you just peruse some of this and find some really really interesting interesting things but By way of demographics of those almost twenty six hundred pilots forty-three percent of the respondents were in europe. Nineteen percent from the middle east and africa eighteen from asia pacific Twelve percent from north. America six percent from south america and two percent from china. So it's pretty Pretty global in the survey touches on things like pilot retention pilot job security employee engagement even Stress mental health wellbeing things like that so Some really really interesting statistics Couple of the ones that i like. Maybe if you guys saw some things that piqued your interest but one of the questions was when do you think aviation will make a full recovery to pre covid levels and not. Surprisingly only ten percent said up to one year the biggest spike was up to two years. Thirty four percent of the pilots thought up to two years but twenty eight percent up to three years and longer than that twelve percent four years. Ten percent five years and six percent said they thought it would never never be the same So that's the pilot's perspective. No one was. Do you think your mental health has been affected by the pandemic and here there is a direct correlation between the age of the pilot and the pursuit pilots that group in In how many of them thought that their mental health had been a acted for those pilots. Fifty five to sixty four years old thirty. Two percent thought their mental health had been affected for pilots forty five to fifty four years old but younger thirty six percent when we go down to thirty five to forty four year olds forty four percent of them thought. Their mental health has affected in the twenty five to thirty four year old group forty-nine percent and pilots under twenty four years old fifty eight percent of them thought their mental health had been affected by the pandemic so. I thought that was a really interesting result. I wasn't totally surprised by the The differences once. You mentioned the difference. I thought okay but it's the younger folks are having a tougher time. Think about someone who's twenty four years old this may be the first In a bad thing that's happened to them in their in their career folks are in their mid fifty s have probably gone through multiple things in the past and probably a better able to to ride through a downturn whereas you know young folks just not have that cushion of You know savings built up to right through. Its doesn't surprise me but still it's a large large number folks nearly six percent under a twenty-four saying mental health. Been impacted the the demographics of the respondents in terms of gender. Was you know the numbers are kind like the same numbers we've seen for a long time. Almost all male four percent female in one percent preferred not to say. I'm not sure why they would prefer not to say in. An anonymous survey but four percent identified themselves as female Which really kind of hope that that number would be coming up. Ron wouldn't when you're looking at programs With youth today. do you see more. young girls. Becoming interested involve is that number higher than four percent. I hope well Here were making a concerted effort to make sure it's higher than four percent Right now we're preparing for Air venture and we've got A program within the air venture program called girl venture We've also got One for adults named Women's sore And between those two we really want to invite women to get more involved and engaged in aviation and so We see a higher than i would say. Four percent level here
Biden's Econ Plan: 3 Indicators To Watch
"Okay three questions about the biden. Economic agenda question one will the us labor market get back to where it was before the pandemic the indicator will be watching to answer. This question is simple. Three point five percent. That was the unemployment rate about a year ago right before the brutal covid recession. And it's easy to forget now because it seems so long ago but that three point five percent unemployment rate was the lowest unemployment rate in half a century but now the unemployment rate is six point seven percent and the labor market is actually worse than even that number implies because the unemployment rate doesn't count people who have given up looking for jobs either because they had to stay home to take care of kids or relatives or because they got discouraged and hopefully a lot of those people will start looking for jobs and getting them in the coming months and years as the economy reopened and if the unemployment rate can get back down close to three point five percent again or maybe even lower than that it will be a sign that the labor market has recovered. And there's a lot riding on this. A strong job market leads to other favorable trends for example before the pandemic households of all incomes and backgrounds including all racial and ethnic backgrounds were getting raises decent raises income inequality was falling as a matter of fact and the poverty rate had gone down for five straight years. That's all largely the result of a tight labor market a strong labor market. And so. that is the question that we're going to be asking questions. Will the labor market make a comeback question number two. how much will the biden administration reverse. Parts of the trump economic agenda there are a couple of different indicators that we will be paying attention to first up taxes yes remember. Before the pandemic the most significant economic legislation that was passed during the trump ears was the tax cuts and jobs act which had been passed at the end of twenty seventeen and there was a lot in that bill but maybe the most important part was a big cut in the tax rate paid by american corporations yes so the corporate tax rate went from about thirty five percent of the money corporations made each year all the way down to twenty one percent. That was a major overhaul of the tax code. So that is the number that we are going to be following because president biden campaigned on raising the corporate tax. Not all the way back to where it was before. President trump took office. But you know higher than it is now the other indicator. We're going to be watching to see how much the biden agenda undoes. The trump agenda is about the trade war with china. The trump administration raise the average tariff on chinese imports to the us from about three percent to more than nineteen percent last year. Will those terrorists go back down. That's the question we're asking and the answer is not necessarily or at least not immediately for now. President biden has only said that he is going to consult with allies other countries in europe and asia about how to deal with china and keep in mind that right now actually is still a lot of bipartisan support. In the us to continue being tough on china and china itself is viewed very unfavourably in a lot of countries that are allied with the us that's largely because these countries believed that china did a bad job of handling the outbreak of corona virus which originated in china before spreading out so there is a chance that the trade war with china will continue and an easy way to see if it does is to follow the average tariffs on chinese imports and check to see if they stay roughly where they are and finally question three. How much money will the federal government as part of the biden agenda so far the biden administration is communicating. That is comfortable borrowing more money through the treasury market to finance. Its spending plans. And here's one of the arguments that the biden administration is making it saying that now is actually an appropriate time for the government to be borrowing more money in order to provide economic stimulus investments for example. Here's janet yellen. President biden's pick for treasury secretary during her confirmation hearing on tuesday but right now with interest rates to restorick lows. The smartest thing we can do is act big. Here's what janet yellen means because interest rates are so low yellen arguing that it is cheap for the government to payback that debt so that the government should borrow money now to boost the economy. The national debt. Going up there for at least for a little while won't be a sign of failure to the biden administration. It'll just be a sign that it is pursuing its goals. So here's the indicator we're going to be watching the national debt to gdp ratio this ratio compares the amount of money that the government owes to the value of everything the economy produces in a single year during the trump. Here's the national debt to gdp ratio has gone up from roughly seventy five percent to where it is now which is close to one hundred percent into big amount of the rise in the debt was because of the money that was spent in response to the covert recession but even so that is the highest amount of debt as a share of the economy since just after the second world war. And here's why we'll be watching the national debt to gdp ratio closely. There has been a fascinating debate within economics in recent years. A lot of economists have become more comfortable with the federal government running up higher debts saying it is not as dangerous as economists once believed but other economists disagree they worry for example that running up too much debt will lead to much higher inflation or that it will lead to interest rates going way up if the investors lend money to the government. Start getting nervous and with the national debt now forecasted to go higher than it's ever been as a share of the economy. We're going to get a chance to find out who's right so either way it's going to be a fascinating experiment to watch and that is what we plan to do. We'll be watching. Feel free
Intel Announces 11th Gen Rocket Lake & Comet Lake Refresh
"Intel also announced stuff that was the day before they announced eleventh gen stuff so on desktop it's rocket lake s which let's just get this out of the way. This is basically a previous laptop architecture ported over to desktop so along with that comes they're better. Ipc has up to nineteen percent higher than ten th gen desktop but also the Laptop limitation of only eight cores and threads backs so the new eleven. Nine hundred k. Is not a ten core part. It's not twelve. corpora park. An eight core part. Now you're getting higher single threaded performance but you are losing two cores. Jim sure is. It's not a great look to go from ten to eight for your flagship. But it's new
"nineteen percent" Discussed on Bloomberg Radio New York
"L. up nineteen percent American Airlines group up sixteen point four percent delta Alfa eleven point eight percent southwest rounding out the big four UP today by nine point three percent Federal Reserve Bank of Atlanta president Raphael Bostic the first black regional fed president in the central bank's one hundred six year history says he stands with protesters who have demonstrated against racism and urge policymakers to work toward reducing economic inequality I'm Charlie Thomas that is a Bloomberg business slash all right Charlie thank you so much well the owner of hospitality properties on Martha's vineyard and Nantucket is joining us right now because we want to talk about what is the summer look like for those businesses who rely so much on the season mark Snyder is the founder and CEO of little gem resorts joining us on the phone from Martha's vineyard market so nice to have you with us you know first of all tell us a little back your properties on Martha's vineyard and Nantucket until about the properties and how you guys are getting ready for the summer season what kind of summer season you expect thank you very much for having me we just got off the boat and around the island and that the with a lovely afternoon now the fog is rolling in that's very typical very difficult I think I'd say that this was a very challenging spring for all of us between quarantine and not understanding how to move ahead with your business which most of us people in business I'm usually here used to be able to solve a problem and this one was really challenging because how do you solve a problem you don't know what the solution is and by really planning and thinking I'm I feel there's a glimmer of light since the Massachusetts governor opened up state as of a week ago there's been a surge of booking so I'm optimistic we have a lot of you know a lot to make up but I feel will have a pretty decent season and so what does it look like mark you know what the the actual experience how how have you changed it because we know you know especially in the high end hospitality business you know it is about the experience it's about the personal connection that people feel and I'm I'm guessing you have a lot of returning visitors who have expectations like how do you manage all those things so the first thing we did is we really sat down to think about what the vineyard and Nantucket represent and they really represent easy to get to domestic destinations that are driving ferry to places that are really magical they've been for you know hundred years very special places to come and visit they're all about being outdoors gorgeous beaches less traffic away from the mainland bike paths it's just a very special outdoor place of the vineyard Nantucket is destinations are critical and then are two resorts which I conic four diamond properties they're very clean of the very important work everything's been completely brought up to snuff all have kitchenettes in kitchens and private dining areas or private home so people can be independent and not feel they have to eat out but if they wish to have the opportunity to do so we've gone through all of the safety measures that are expected many nice property but in addition to that we're you know we have out door swimming pools which we very comfortable to use your children's program which has rigorous new guidelines we have you know outdoor yoga outdoor classes were on the bike paths we have car rentals arranged so we try to make it so people can pick and choose whatever their level of comfort is so they can come and enjoy themselves but having like kitchenettes right where people can kind of just do their own thing that's going to be a key part to making people feel comfortable about coming back if they don't want to be in communal you know dining spaces how to do this is what last of all properties that have taken effect in outdoor spaces someone and talk it we have a front porch for service yeah I can go for lunch and breakfast and their people wish the back of the room each anything you have access to the work site Margaret we're having a little bit of trouble with your line so we're gonna try and reconnect with you and pick up the conversation in just a few minutes we've got some news to do in the meantime as well we're speaking with mark Snyder he is the founder and the CEO of little gem resorts they have some beautiful properties in Nantucket and on Martha's vineyard interesting to hear I I'm pretty optimistic you point it feels like it it does feel like Carol this whole notion of being outside is going to be really important I mean it's like I'm gonna head out after the show would go down to the Hudson River where we have like our little outdoor space for our neighborhood and I will say like that has been a real refuge up for us in many cases you know and and everybody's doing the right social distancing and the guards are doing a great job you know one of whom is my son so you know I'm a little biased but it also says a lot about that in terms of if you are looking for vacation people are more likely to get in a car exactly go closer because it doesn't you know for me for most people you don't have to get on a plane right easily do it different ways and so this is what folks will be considering so we're gonna trying get back on and get a better line and maybe continue our conversation with mark Snyder the founder and CEO of little jammers are together say that whole area is just courthouse in urological as he said yeah and being outside we we hear consistently from the medical community that if you're gonna do something do it outside that that's a safer way to do it all right we'll continue hopefully in just a moment let's get back to all the national news headlines.
"nineteen percent" Discussed on 710 WOR
"To Biden's nineteen percent in that survey says he's committed to a sea change in the state on television they say you know Texas is a conservative state it's a red state I don't believe it for a minute it has been pushing to mobilize younger Hispanic voters here and in California Jim Ryan ABC news Dallas the judge dropped out of the race yesterday he says he did not see a path forward a reward being offered now after four passengers beat up an uber driver on the Upper East Side police say Mohammed al Gadhafi pulled over when he notices passengers were drinking during the ride and that's when he attacked him this happened in the wee hours of the morning on February fifth by second having sixty second street Gafisa left in a coma for weeks Fernando Mateo's with the taxi drivers federation we are asking anyone including those involved to come forward police have released clear photos of the suspects I'm Scott Pringle W. O. R. D. animal rights advocates protesting after the death of a carriage horse over the weekend video shows the horse collapsing it was later euthanized the fact that that is how they treated of course in a medical emergency to tie him up like a piece of garbage and haul them in there they killed that horse that's indeed a Burkhart with N. Y. clashes as horses are overworked without proper precautions in place last remaining pay phones in New York City are being removed you can call it the end of an era New York City will remove its iconic payphones about thirty pay phones are slated to be removed from the city's hell's kitchen area this month followed by about three thousand more in the five boroughs some will be replaced by link NYC kiosks where you can get free wifi and make calls why don't we's ABC news New York and former General Electric chairman CEO Jack Welch has passed away he left the company for decades grew its market value from twelve billion to four hundred and ten billion he was eighty four years old ten oh three check traffic and transit no we got a couple of problems on the B. Q. E. and they're causing some pretty big delays first off if you're traveling on the eastbound side of the B. Q. E. after cabin plaza got a crash one lane is blocked off and your jam coming off the inbound once back from fort Hamilton parkway that's an hour long so don't try to travel that stretch out to the B. three east bound by cabin plaza and also he sponsored the beach we buy because Humboldt exit thirty three two lanes are taken out with the crash that's about a thirty five minute delay over in central New Jersey route twenty seven and Grove Avenue that intersection completely closed because of a serious crash this report is sponsored by all state with Allstate agent to get a local expert help finding the best coverage for you and because they live in your community you can always count on them to be there when you need them most plus when you bundle home and auto.
"nineteen percent" Discussed on KOA 850 AM
"This poll nineteen percent and these new NPR Marist poll behind only Bernie Sanders at thirty one percent and that reflects the new dynamic Michael Bloomberg has suddenly become a front running candidate for president Bloomberg has spent ten times what Bernie Sanders has on advertising tomorrow's debate is on NBC the number of former justice department employees calling for Attorney General bill Barr to resign over his handling of the Roger stone cases now climb to above two thousand they include both Democrats and Republicans and among them is Donald airs former deputy Attorney General under president George H. W. bush she says bar has been in the crosshairs for some time the culminating events that have gotten a lot of people more upset than even they were before are the ones lately that have to do with him meddling with the criminal sanction and and that's probably the most sacred area in terms of the department's work in an op ed published in the Atlantic on Monday err when as far as to call the AG and on America on American Bar came under fire last week after the justice department intervened in the sentencing of Roger stone a long time trump associates weld county investigators have not released very many details of a suspicious death yesterday investigators searched a private property near Greeley local farmer Jeff Smith says the heavy police presence it doesn't happen very often shocking when you go by a resident at maintain as well there is is to see that much police presence there as of last night officials say there is no danger to the public the Colorado state patrol is looking for the driver of the jeep that rear ended a Toyota corolla early yesterday morning both cars then smashed into a concrete barrier this happened on southbound I. two twenty five near Yosemite the rear passenger of the Toyota corolla or was killed on the scene of the crash a patrol spokesman Blake white says the passenger was in the bird the uber driver suffered minor injuries he says the driver of the jeep ran away from the scene Amanda northern Colorado was arrested in a murder earlier this month police in Larimer county have arrested a forty eight year old greedy man in connection with the murder earlier this month it happened in the town of Bellevue north west of fort Collins Kevin Eastman is charged with homicide in the death of fifty three year old Stanleys sessions sessions body was found near a roadway the Laramie county coroner's office will determine the cause and manner of death police have not released a motive for the murder but say there's been no known threat to the general public.
"nineteen percent" Discussed on KSFO-AM
"Eye radio and he's curly and Gerry McNamara eight six six ninety right I good morning thank you so much for being here this this morning getting to the the big Paul the one that we asked over the weekend or back over the weekend that we last asked the last two weeks when it started we started hearing the rumbling well Hillary run well hello right on will Hillary run all hypothetical matchup between Hillary Clinton and Joe Biden the democratic twenty twenty presidential primary race show the two nearly tied for the nomination the poll done by Harvard Heris found that and this is of all of them that around so this is just biding Clinton this is everybody in show that nineteen percent of the people would support Biden with nineteen percent supporting Clinton should be eighteen percent supporting Clinton without Clinton in the race the poll found the former vice presiden polling in thirty three send support from the Democrats nearly half of his supporters would jump ship back to Clinton if she were to enter the race I believe it would be more now that I know that I did that poll I believe it would be more because then it would be certain yeah sure yeah eight eight if she committed if she would then announced she was sent it would be higher there's a very different when you're talking about a hypothetical situation a very different level of of trust if they can if if those same respondents knew she was sent trusted fully that she was at I think her numbers would be higher which is interesting because you're looking at at what right now the largest plurality a plurality of voters on the left supports the establishment Democrats and tell me where the anything from the far left is helped by anything that he's embraced or said he will embrace let's help the nothing really now the only thing the skills to pull a little bit is they said the poll was done late October suppose Hillary Clinton Michael Bloomberg in John Kerry decide the end to end of the race who would you support I don't think John Kerry's entering the race now I don't thing Bloomberg's entering the race so that's the only part that I think skews the pole but I think it skews the pole and takes away votes from Hillary yeah Joe Biden received nineteen support of the democratic respondents Clinton was a close second with eighteen percent Elizabeth Warren came in at thirteen percent John Kerry was at eight percent while Bloomberg was at six percent as of today Biden with thirty three percent Bernie Sanders third eighteen percent worn comes in third with fifteen percent so worn loses the least where's the just being well Kerr worse the black woman here well you know the latest polls you saw over the weekend camel Heris falling to what three percent to three percent depending on the poll yep she was at seven she was of higher in fact at one point but you know falling and having to lay off staffers and and and essentially cut expenses over the last week that means money's not coming in and when you see your numbers go over the weekend being cut by more than half that's not going to sustain this is where the money dries up for those on the bottom this work goes away that's what you saw with better there's no money coming in and and then you see this this the past weekend you know again the they hit the Hillary talk Bernie Sanders you see him with the lawn Omar at the campaign amid a campaign rally in Minneapolis and you're like that doesn't help him now having a member of the squad there it it doesn't help him if he's trying to pull in any moderates and less he believes that having a lot Mar there will help him in the primary hold some of the far left from Warren if that's what he's thinking I'm yeah I I I really wonder though even with Warren Warren may have the support of the the activist in a remember the article a couple months ago she's she's the one she's basically the activist we need and the White House right now right she's over promising everything there's no way that that the establishment voter the older Democrat voter is going to support something like that are we seeing that split right now because you know in two thousand eight you saw the the charisma are the the euphoria of of a candidate who at Christmas who had was coming in with no baggage Barack Obama and ultimately that allowed him to beat Hillary during the primary and move on to become the candidate and then a two term president because there was a euphoria and there was also this some man of very different think about the mind seven two thousand eight with the voter on the left I mean and the difference now in twenty nineteen and it's a twenty twenty is a very different mindset but he had appealed across demographics Hillary doesn't have that appeal Biden really doesn't have that appeal Warren has that appeal only to a certain extent and I think she loses with some of the upper demographics because they realize they know full well lance aren't going to be implemented are you look at the latest average polling so when you see Warren winning both in Iowa and New Hampshire twenty two percent in twenty two point three in Iowa twenty five percent in New Hampshire follow up and in in Iowa blue judge is in second place flight embroidered Sanders and for right hi any New Hampshire Warren Biden Sanders but a judge without with with eight but you've got Warren I was in New Hampshire to the earliest you don't thing you know of a primary certain you know to get things rolling now it's still a long time away there's more debate still to come but the fact is I think that she believes look all I have to do there are some people that can promise you everything in a dozen hit like you see and react doesn't have it is yeah I don't even know where he is it doesn't appear in the top seven in a in Iowa he is in sixth place with three point seven in New Hampshire Yang but worn can promise everything people even the left was laughing and her and her plan today but I don't think anybody cares because I think people look at it they say look she's gonna do she's gonna give us stuff and what we all know what's going to pay for it we're just gonna increase the debt let's be honest that's where the money's coming from she's not gonna raise you not gonna raise the income tax the the corporate tax back to thirty five percent that's not happening she's not gonna be taxing companies for their foreign profits that's not going to be happening hi you may you may be able to increase and tap into the rage a little bit no where near to pay for her fifty six or fifty five billion dollar Medicare for all plants it's not a but I don't think it matters with her is long as they believe they have the right person who they believe has the right personality to promote the free stop that's all they have that's all they need to have because they all know everybody knows we're not going to pay for it every Democrat knows we're not gonna pay for it they don't care about paying for it we're putting it on future generations it's fine with them the only big flaw is they see her as the personality to push it I don't no I I don't either I don't see her being able to convince people because in order to convince them you have to have that charisma she always looks like she's begging people to pay attention she does I mean and it's it's just the it's the a status of the American political landscape and and you may hate that but it actually matters people need to see the confidence when they see the president walk out he's the biggest guy in the room and he's always constant there's nothing different about his charisma his posture or anything else he walks into a room and he owns that's going to be tough for the left to overcome and frankly right now the closest you get to that is Hillary and she's not officially running well I would like to see what would happen at I mean will be interesting I don't know if it's going to happen or not if she two weeks after she got and said look I'm running this time and I'm sure is we're gonna win this thing and she went out there with all this fake confidence and that that I can win it I wonder what the polls would say two weeks from now and I wonder how much she would pull from more I have to believe she pulls a significant amount from Warren only because of her experience over warrants right and look Hillary can promote the same thing is worn I'm saying I I'm over what we're gonna make sure we have a healthcare plan might would differ from worn we would pay for it yes and it you know I don't believe her plan is realistic we would pay for it she never has to answer it now celery not but it would really be interesting to see where the heads of Democrats are if Hillary got in and the and was was doing you know major major trump like rallies that she would set up for herself and all you need is three of them probably over two week period because the media would cover it like how to a state call yeah yeah yeah I think right now for the left the biggest problem they have they have on the left is of Hillary got in this week it's going to take the headlines from impeachment and maybe the Democrats in the house one that maybe they quietly work Hillary announces that quietly work they take the vote the Senate doesn't get it done they don't remove him from office and they move on you just remind me of something he just see what hello she said over the weekend there is no timeline impeachment no I'm which was interesting because you look at the procedural vote from Thursday and it's basically a vote to keep doing what they were doing right and there is no timeline well it's it's also interesting that the media it seems the media came up with the thanksgiving deadline so if there is no time line and those committees just want to keep working and they never actually get to a vote why would the median others come up with the thanksgiving time line unless they believe that impeachment hurts them in the long run but it's that political scarlet letter you can throw around Donald Trump next year and just keep saying he's an impeach president he's an impeached president he's an impeach president he's impeach president and you just kept repeating that over and over and over and over again because the media sees that as the only play yes they see that is the only place the Democrats here's a here's the concern from policy AOC has moved on from impeachment she did she did that weeks that she was back in last week well but but no not really if you listen to what she said last week it really wasn't that that same he must be impeached out even by backed away from impeachment well if it's not necessary we don't want to put the American people further you know this is this is them flinching they know they've got nothing they know there's nothing there the only move really is to do what they're doing now get a vote don't get the votes impeach and then move on I will say this she was further towards impeachment than she was when she dismissed it yeah she was an Iraqi she didn't back off in my opinion as far as she did Bob back when she just said all we're past that that's you know no longer important anymore she I guess it depends on the room for her yeah because this year and that was you know when she said not on over that issue that a room in our district so it depends on the road eight six six ninety right.
"nineteen percent" Discussed on KTOK
"The nineteen percent that say no say the offenders legal rights should be upheld thanks Christina downloads a poll USA in your favorite apps store today share your opinions and make sure your voice is heard we'll help poll results every day on the trending topics taken directly from the set that paid for by Sebold USA it's time for your TV to buy Friday night you do so but created and stars in the comedy in the long run based on his mid eighties British child see Friday at ten nine central on stars on Monday based on the book series of the same name by Philip Pullman is the fantasy adventure his dark materials which kicks off at nine eight central on HBO and that's your TV tip off on I heart radio we are your sincere whether newsradio one thousand Katie okay to from the gateway to the west this is coast to coast AM with George Noory well.
"nineteen percent" Discussed on KFI AM 640
"Been going on in the stock market lately have you noticed give you might have noticed the stock market not doing well this week we'll talk about that on the program today but let me tell you what's going on year to date the stock market has had its best performance year to date since nineteen ninety seven this is amazing and we've seen incredible volatility this past week we'll talk about what's going on there and why but don't let that distract you from the fact that the stock market's up eighteen nineteen percent year to date now go back to nineteen twenty six the average annual return of the S. and P. five hundred according to Ibbotson associates is ten percent a year this is only early October and we're up nineteen a year and so this is really quite remarkable we've made sixty percent more money so far in just the first nine months been historically generally on average we do in an entire year and by that the reason I'm telling you this because your portfolio by the way is not up that much that's because you don't have a hundred on your money in stocks so let's not get carried away you're not up fifteen sixteen seventeen eighteen percent but the stock portion of your portfolio probably is up in that range more or less depending on which stock funds you own or individual stocks you own but the point is this let's not get cocky this is an unsustainable rate of growth it might last a while longer for sure but it could easily retract we could easily see the market going flat for a period of time and in fact this past week we saw some really big volatility which I'll talk about later on in the show but one of the things that is really good news or isn't is data that is now come from the U. S. treasury the treasury department says.
"nineteen percent" Discussed on WJR 760
"Increase of nineteen percent over this time last year current shortfall exceeds the full year deficit for fiscal twenty eighteen million Francis individuals and businesses with tax problems listen carefully if you owe over ten thousand dollars in back taxes or have on file tax returns U. S. tax shield can help you take back control the IRS concedes your bank accounts garnish your paycheck close your business and file criminal charges our team of tax attorneys can stop collections and get you protected U. S. tax shield offers a price protection guarantee quote to get you protected today U. S. tax shield is a plus rating with the BBB so call eight hundred five one nine seventy seven ninety six U. S. tax shield eight hundred five one nine seventy seven ninety six make a healthy choice about the air you breathe start with the wave smart ventilation unit to expel the polluted damp air from your basement or crawlspace then add up stairs a hospital grade six stage air purifier which includes the help of filter and a powerful dual you the system stop worrying about mold odors radon carbon monoxide chemicals and hundreds of other pollutants that are trapped in your home visit drive home one two three dot com and learn how to make your home healthier and fresher all year round that's drive home one two three dot com. a study in the journal science claims universe might be about two billion years younger than scientists once thought Mr for cruise reports many scientists believe the universe is thirteen point seven billion years old but the study calculates that it is about eleven point four billion years old in recent years scientists have re opened the debate about the age of the universe which they estimate by trying to measure how fast the universe is expanding other recent calculations have suggested the universe is younger but another estimates it could be older the differing estimates of the result of different approaches to figuring out the universe is real age researchers admit that even.
"nineteen percent" Discussed on WTVN
"Let's go back to the Caribbean war when the Korean War started the S. and P. five hundred fell fifteen percent in five weeks a massive decline as America was very upset after coming out of World War two not all that long ago to find ourselves immersed in yet another war the stock market fell dramatically in a short period fifteen percent in five weeks but what happened six months later the stock market was up thirty one percent a year later it was up thirty six percent okay maybe saying it's an aberration why Rick would you go all the way back to the Korean War okay let's go to spot neck stock market fell ten percent in three weeks upon the news that Russia launched a satellite into orbit but although it was down ten percent in three weeks six months later the market was up eight percent a year later it was up thirty percent how about president Richard Nixon's resignation stock market fell nineteen percent in a little over a month but six months later the market was up thirty percent how about the silver crisis remember when the hunt brothers got hold into Congress because they tried to corner the market in silver when they try to pull that stunt they because the entire U. S. stock market to fall twelve percent in a month but six months later the market was up twenty six percent the crash of nineteen eighty seven the stock market fell twenty six percent in three weeks a quarter of the value gone in just a matter of weeks but six months later the market was up seven percent more recently nine eleven US stock market fell twelve percent in three weeks in the aftermath of that horrific day but six months later the stock market was up seven percent about hurricane Katrina US stock market fell to percent in six weeks but six months later it was up seven percent we could go on and on and on most recently the brexit vote in twenty sixteen the S. and P. fell five percent in one week six months later the market was up thirteen percent when everybody realized at that's my point to you it's not that you need to be cavalier my point is simply to not get fearful we need to recognize that while major events in the world political crises wars social issues natural disasters terrorism while these can and do have massive disruption volatility market losses in the short term history tells us that over the long term this too shall pass in fact I've got a chart describing all of the data I've just shared with you and a lot more it's posted on our website at Rick Adelman dot com showing you the performance of the stock market during and after a crisis I invite you to take a look at this it's also in my book the truth about money we've updated it now all the way up to twenty sixteen because that's the most recent time we had one of the shocks and it demonstrates for you the fundamental premise even though you may experience volatility in your portfolio even though you may see market losses at the moment if you have a long term time horizon and a properly diversified portfolio you can just look at these events and say Trenton outside I guess so wait till it stops so if somebody is scaring you into thinking that all my goodness should you be changing your investment strategy should you be selling investments or buying different one should you be getting out of the market should you be putting your money into guaranteed investment opportunities that we in the immunize you against market losses before you fall for those sales pitches before you revamp your entire investment strategy based on some website or some free lunch seminar from some sales pitch you get in direct mail give us a call let us take a look at your portfolio let us examine what you're doing help you reevaluate why you're doing it to conclude whether or not changes in fact are necessary and we may very well help you discover that you know what what you're doing is exactly what you ought to be doing and you ought to just keep on doing it and if changes do need to be made as a fee based objective independent adviser will be able to give you advice that's in your best interests give us a call at triple a to plan.
"nineteen percent" Discussed on WLS-AM 890
"Let's go back to the Korean War when the Korean War started the S. and P. five hundred fell fifteen percent in five weeks a massive decline as America was very upset after coming out of World War two not all that long ago to find ourselves immersed in yet another war the stock market fell dramatically in a short period fifteen percent in five weeks but what happened six months later the stock market was up thirty one percent a year later it was up thirty six percent okay maybe saying it's an aberration why Rick would you go all the way back to the Korean War okay let's go to us neck the stock market fell ten percent in three weeks upon the news that Russia launched a satellite into orbit but although it was down ten percent in three weeks six months later the market was up eight percent a year later was up thirty percent how about president Richard Nixon's resignation stock market fell nineteen percent in a little over a month but six months later the market was up thirty percent how about the silver crisis remember when the hunt brothers got hold into Congress because they tried to corner the market in silver when they try to pull that stunt they because the entire U. S. stock market to fall twelve percent in a month but six months later the market was up twenty six percent the crash of nineteen eighty seven the stock market fell twenty six percent in three weeks a quarter of the value gone in just a matter of weeks but six months later the market was up seven percent more recently nine eleven the US stock market fell twelve percent in three weeks in the aftermath of that horrific day but six months later the stock market was up seven percent how about hurricane Katrina US stock market fell to percent in six weeks with six months later it was up seven percent we could go on and on and on most recently the brexit vote in twenty sixteen the S. and P. fell five percent in one week six months later the market was up thirteen percent when everybody realized at that's my point to you it's not that you need to be cavalier my point is simply to not get fearful we need to recognize that while major events in the world political crises wars social issues natural disasters terrorism while these cam and do have massive disruption volatility market losses in the short term history tells us that over the long term this too shall pass in fact I've got a chart describing all of the data I just shared with you and a lot more it's posted on our website at Rick Adelman dot com showing you the performance of the stock market during and after a crisis I invite you to take a look at this it's also in my book the truth about money we've updated it now all the way up to twenty sixteen because that's the most recent time we had one of the shocks and it demonstrates for you the fundamental premise even though you may experience volatility in your portfolio even though you may see market losses at the moment if you have a long term time horizon and a properly diversified portfolio you can just look at these events and say Trenton outside I guess so wait till it stops so somebody is scaring you into thinking that all my goodness should you be changing your investment strategy should you be selling investments or buying different one should you be getting out of the market should you be putting your money into guaranteed investment opportunities that we in the in your eyes you against market losses before you fall for those sales pitches before you revamp your entire investment strategy based on psalm website or some free lunch seminar from some sales pitch you get in direct mail give us a call let us take a look at your portfolio let us examine what you're doing help you reevaluate why you're doing it to conclude whether or not changes in fact are necessary and we may very well help you discover that you know what what you're doing is exactly what you ought to be doing and you ought to just keep on doing it and if changes do need to be made as a fee based objective independent adviser will be able to give you advice it's in your best interests give us a call at triple a to plan wreck my colleagues and I hear element financial engines happy to help you like we've helped.
"nineteen percent" Discussed on KTRH
"Let's go back to the Caribbean war when the Korean War started the S. and P. five hundred fell fifteen percent in five weeks a massive decline as America was very upset after coming out of World War two not all that long ago to find ourselves immersed in yet another war the stock market fell dramatically in a short period fifteen percent in five weeks but what happened six months later the stock market was up thirty one percent a year later it was up thirty six percent okay maybe saying it's an aberration why Rick would you go all the way back to the Korean War okay let's go to spot neck stock market fell ten percent in three weeks upon the news that Russia launched a satellite into orbit but although it was down ten percent in three weeks six months later the market was up eight percent a year later was up thirty percent how about president Richard Nixon's resignation stock market fell nineteen percent in a little over a month but six months later the market was up thirty percent how about the silver crisis remember when the hunt brothers got hold into Congress because they tried to corner the market in silver when they try to pull that stunt they because the entire U. S. stock market to fall twelve percent in a month but six months later the market was up twenty six percent the crash of nineteen eighty seven the stock market fell twenty six percent in three weeks a quarter of the value gone in just a matter of weeks but six months later the market was up seven percent more recently nine eleven US stock market fell twelve percent in three weeks in the aftermath of that horrific day but six months later the stock market was up seven percent about hurricane Katrina US stock market fell to percent in six weeks but six months later it was up seven percent we could go on and on and on most recently the brexit vote in twenty sixteen the S. and P. fell five percent in one week six months later the market was up thirteen percent when everybody realized act that's my point to you it's not that you need to be cavalier my point is simply to not get fearful we need to recognize that while major events in the world political crises warriors social issues natural disasters terrorism while these cam and do have massive disruption volatility market losses in the short term history tells us that over the long term this too shall pass in fact I've got a chart describing all of the data I just shared with you and a lot more it's posted on our website at Rick Adelman dot com showing you the performance of the stock market during and after a crisis I invite you to take a look at this it's also in my book the truth about money we've updated it now all the way up to twenty sixteen because that's the most recent time we've had one of these shocks and it demonstrates for you the fundamental premise even though you may experience volatility in your portfolio even though you may see market losses at the moment if you have a long term time horizon and a properly diversified portfolio you can just look at these events and say Trenton outside I guess so wait till it stops so if somebody is scaring you into thinking that all my goodness should you be changing your investment strategy should you be selling investments or buying different one should you be getting out of the market should you be putting your money into guaranteed investment opportunities that we immunize you against market losses before you fall for those sales pitches before you revamp your entire investment strategy based on some website or some free lunch seminar from some sales pitch you get in direct mail give us a call let us take a look at your portfolio let us examine what you're doing help you reevaluate why you're doing it to conclude whether or not changes in fact are necessary and we may very well help you discover that you know what what you're doing is exactly what you ought to be doing and you ought to just keep on doing it and if changes do need to be made as a fee based objective independent adviser will be able to give you advice it's in your best interests give us a call at triple a to plan wreck my colleagues and I hear element financial engines happy to help you like we've helped.
"nineteen percent" Discussed on Bloomberg Radio New York
"nineteen percent" Discussed on News Radio 810 WGY
"The party about nineteen percent say they're coming together and that shows strength thanks Christina download simple U. S. A. in your favorite apps store today share your opinions and make sure your voice is heard we'll have poll results every day on the trending topics taken directly from this event thanks for listening to simple USA does only dot com is your home for upscale consignment jewelry and watches beautiful one of a kind fine jewelry and watches at incredible prices unlike any other online site does only dot com let you actually talked to the jeweler that evaluated the peace internet pricing with brick and mortar security take a look today it doesn't me dot com and you the fantastic videos of every piece treat yourself take a look it's free does only dot com make does will be dot com your daily destination to grow your own collection dazzle me dot com I can't remember when he didn't smoke it would go outside I'd be bored my wife was the key driver into me getting away from have been switching I think I have gotten a piece of my life back when I started with Joel he uses join the house whenever he wants it work magically really made the switch in two thousand seventeen to make the switch visit J. U. U. L. dot com jul that's compensated this individual for the time expenses in providing this testimony warning this product contains nicotine nicotine isn't breaking tonight story as if you were there for most where we learned just moments ago the questions you and you think it's the role of athletes to stand for social issue the context you tonight we see in for the first time here what I'm settling warning about things don't get much higher NBC evening on NBC check your local listings view front row nice I her radio music festival the way you can be closer is if you were the one saying got your attention here's the easiest way to win first like you're free I her review account any Alexis nextel Alexa play the I heart radio music festival stationing I heart radio music festival radio that's it you're automatically entered do it now and you could be in the front row both nights or twenty nineteen I heart radio music festival in Vegas el Paso's news radio six ninety K. T. S. M..
"nineteen percent" Discussed on NewsRadio KFBK
"By over nineteen percent it's a point of pride that California's finally now investing in special education Newsome also just signed a bill that will make it easier for teachers with out of state credentials to teach in California the bill's author assemblyman mark Berman argue there is a lack of special ed teachers due to the hurdles that out of state teachers have to go through to become recertified the new law allows people with special ed credentials to prove their expertise over a two year process without having to take additional course work a Berkeley based group is leading a lawsuit against the trump administration over a new rule that restricts asylum applications for refugee assistance groups filed a lawsuit in federal court in San Francisco yesterday the rule prohibits asylum seekers who have passed through another our country from applying for US asylum unless they sought and were refused asylum in the transit country the lawsuit argues that the rule violates the U. S. immigration and nationality act which allows people physically present in the country to apply for asylum president trump says there is still a long way to go before a trade deal with China is concluded hosting a cabinet meeting at the White House yesterday the president stressed that China brokered deal that was in the works the deal was done it was practically done it was just like a very short period of time we would have it finished the president said he could impose tariffs on another three hundred twenty five billion dollars worth of Chinese goods if he has to president trump again accused China of stealing U. S. intellectual property for years and said he's doing something about it a federal judge's banning Roger stone from posting anything on social media but she is not sending president trump's long time ally to jail judge Amy Berman Jackson on Tuesday ordered stone not to post anything on Instagram Facebook or Twitter that was after she went through a laundry list of stone's recent Instagram posts that appeared to violate her order that he not speak publicly about his case Jackson did not find stone in contempt or revoke his bond and send him to jail stone has pled not guilty to charges of witness tampering obstruction of justice and lying to Congress he's scheduled to go on trial in November mark Mayfield news ninety three point one K. F. B. cash now we get you caught up on this hour's top national stories on news ninety three point one K..
"nineteen percent" Discussed on Stansberry Investor Hour
"To a lot of folks, I follow you, and bunch of other good folks Twitter. And, and they, they like to tweet every now, and then the fed isn't even trying to hide it anymore. You know, it used to be about their dual mandate, you know about what is unemployment. You know keeping inflation. At two percent. But now they're not even trying to hide the fact that what the really doing is manipulating asset prices, and certainly when they caved in on the raise because the stock market was down nineteen percent. That was the moment wasn't. It wasn't that like the most obvious moment when they caved in and said, we're trying to get athlete prices higher. We're not trying to unwind our balance sheet been obvious. If you, you know, for for years, if you look at the timing of QE one, two three and the performance of the stock market, you know, they tried to stop, you know, and QE one. Stocks pulled back. Okay. Well, now we need to start Kiwi to start Kiwi to stocks do, great soon as they start raining in QE to stock market starts, pulling back again. And then the restarting of QE and every one of those incidents was in obviously direct response to weakness in equity prices. And so, I think the fed is, is has kind of created. This monster where, you know, they're they have to whatever extent, they've created a wealth effect, and boosted consumer confidence through higher. Prices may know that lower prices are going to reverse that effect. And so, I think Jay Powell just became extremely worried about that in the fourth quarter when you know, prices started going down and you look at the correlation between consumer confidence in the stock market and it's and it's you know it's very, very high. And so, you know, prices this is what this wealth would a lot of people don't appreciate either. They say I'm gonna wait for recession to start battening down the hatches were put on hedges or whatever it is in terms of the risk in their portfolio. Well, probably under the situation. We have now with the relationship between asset prices and the fed, you know, as it prices could actually cause recession rather than be reacting to recession. It's kind of going back to the George Soros reflexively theory in that, you know, you don't necessarily need, you know, the economy too. To to, you know, slow down on its own to create a recession, or have some kind of exhaustiveness events like the trade war, you could just have a bear market, you know, for because we've gone too far too fast and earnings are now you know, we're probably face. Goring secession and, you know, prices going down could be the catalyst for for consumer sentiments, you know, declining and being kind of a self reinforcing thing. Okay. So Jesse of I could just circle back to my initial question because I what I try to do with that question is make it really concrete for listener..
"nineteen percent" Discussed on KOA 850 AM
"Mathematician, are among the best jobs of the year. According to the thirty first edition of the jobs report released by career cast dot com. Kyle Kensington is the online content editor at career cast. Kyle gives some findings. This year, and that actually kind of sets the trend for the top ten a lot of jobs that are heavy emphasis on numbers. I. That's a nineteen percent growth outlook for data. Scientist statistician thirty three percents petition about thirty three percent. And there's nothing lower than team percent, which is university. Professor, and that's a job that's really sort of important entire has pretty much. All the time. Is here are recommended that you have at least a bachelor's degree. Get started. Remember at one time. I think not too long ago. Actuary was number one twenty two percent growth outlook hundred two thousand dollars a year in terms of annual median salary name. Some of these other ones in the top ten. You mentioned actuaries been a consistent history of jobs. Rated there at number ten as I mentioned numbers that applies actuaries role that intas that station mathmetician, but some of the others as well like occupational therapist four this year. Right around eighty five thousand twenty four percent genetic counselor, which is the road to renew one that we started tracking just added last year that about eighty thousand salary at twenty nine percent. So it's a pretty high salaries. Speak with Kyle kenzees the online content enter at career cast dot com. They're out with their survey identifying the best jobs for twenty nineteen. It does seem more and more like the these stem jobs. The science technology engineering math seem to capture a greater portion that top ten each time. Pretty routine that stem kind of occupies job spots. And really if you look at the entire jobs rated report one hundred and twenty four even beyond the top ten, you know, the importance of stab is undeniable, you know, whether it's mentioning this team the numbers that also in terms of something like information security analysts here the pop the hundred thousand eight salary at twenty eight percent. And you know, if you follow the news. Impossible to best stories about how important that field. Is you think of data breaches a few years ago about the with the elections in that sort of thing really important job another stems here. I can't be denied Kensington online. Content editor at career cast dot com. Next hour, by the way, a look at the worst jobs for twenty nineteen. It's thirty.
"nineteen percent" Discussed on KQED Radio
"Another nineteen percent decided to stay in their current job rather than changing jobs or retiring just to keep their health coverage, but often as Americans age it's up to their kids to handle questions of finances and healthcare one woman who found herself in the situation is now helping guide others. Joining us now is Christine Dodd chief executive and founder of elder navigator, a company that helps people with elder healthcare decisions in northeast, Ohio, Christine, welcome. Hello, Jeremy, thanks for having me. It's a real pleasure. When it sounds like you have learned a lot from your own journey, caring for your mom and dad, I understand your dad passed away in October. So our condolences. Thank you for your loss. What happened with your dad, and how did you fit into it? Well, my dad was healthy inactive in August. And they found however after some back pain some lesions on his pancreas which required surgery, which then was diagnosed with pancreatic cancer. Although my father successfully survived the surgery, there are myriad complications in the surgery after the surgery, and he quite honestly didn't die pink Radha cancer. He died of infections like Sita and sepsis at the hospital that were unrelated to the surgery, quite honestly, and you were with them along the way, I was with my father for nine weeks, ten hours a day. I have my own business. So I was fortunate to have some flexibility to be there. And now, you're caring for your mom. Yes. My mom is a rare autoimmune disorder which so far so good. But we are navigating ourselves shoe to departments at the Cleveland Clinic right now, and your mom is how old at this point seventy three and your father was seven. Three. So so relatively still relatively young. Yeah. And you didn't see any of this coming now. My dad had some back pain which turned into pancreatic cancer a few weeks later and you have experiences healthcare lawyer. But even you felt lost when making the best decisions on health care for your parents. Yeah, I'm a healthcare lawyer, and I worked in the house and Senate writing some of the healthcare laws myself when I was a bit younger, and I found it very difficult to navigate this complex system. And I had good relationships in contact with the nurses on a daily basis. So I could gather as much information as I needed, but after talking to friends and colleagues who've gone through this, you do feel pretty helpless and alone throughout the process. What is the toughest part of this? Is it the insurance companies is it just coordinating with different doctors or what? I think it's coordinated with different doctors. It's a real challenge. My dad had a team and one thing I didn't know and part of the reason I was there all the time is you really need to be there at seven AM when the doctor start the rounds to get the information, the nurses can give you updates but the doctors typically round at seven thirty. And also, you need to find out if the insurance company covers a skilled nursing facility, for example. And so there are insurance challenges as well. And so you have started business that helps people do exactly this. Yeah. My dad's journey inspired me to want to help others. And I set up a business elder navigator, which helps from patient appointments to the impatient. Stay to discharge planning I wrote a newspaper article about my journey that was actually published today. My dad died I've got a lot of feedback from that. I think we're all going to be caregivers at for not already. And so I think the article. The subject really resonates. You pointed out in that article that you noticed a woman who had no family members to help her that must be a common situation as well. Yes, we were at a cancer center in Cleveland where my dad was recovering. And I notice a lot of people one lady in particular did not have anyone to help her. There's a new trend of people out there called elder orphans, which you don't have children nearby or spouses, some of the children are working late and managing their own children in our part of the sandwich generation. So it's difficult for them to get to the hospital the sandwich generation, what does that mean? It's people like my sister who was carrying for little children as well. As elder parents at the same time as well as working. So the kind of sandwiched between responsibilities that's Christine Dodd who is chief executive and founder of elder navigator. That's a company that helps people make decisions about health care for elderly people in northeast, Ohio Christine. Thank you. Thank you. And L. Let's bring in Joe Coughlin director of MIT's age lobbies, author of the longevity economy unlocking, the world's fastest growing. Most misunder. Stood market. Joe thanks for being here. It's great to be here. So first of all how common is it for people to think that their spouse or a family member is just going to take care of all these things when they get sick late in life, and that they don't have to plan ahead. Well, there's actually a twofold answer to that. And believe it or not most of us can see ourselves dead before we can see ourselves needing care. So one of the problems with having a caregiver or planning ahead is we really don't see ourselves needing it in the future. But when we do we kind of low the idea that our children would have to step in and frankly, not wanting to be a burden door, family other. So therefore, should you go out and try to find somebody to help you navigate this? Even if you are totally healthy and fine. It's interesting retirement planning, especially as the population ages is becoming a greater and greater issue. But we only focus on the money element. And of course, that's necessary. But yes, we need to start planning ahead for how will we receive care who do we want to provide it? How will we pay for and what will the quality beat? And how big is the industry when you look out there and see all the options available to you. It's interesting there is an industry, but it is highly fragmented I would argue that most of these showy say formal caregivers the social workers, the, nurses and believe it or not are mostly mom and pop shops. There are some large franchises out there. But the diversity of care and the different needs that you will have makes it an incredible challenge for anyone to integrate all these services and systems and administration that goes with it. So how do you go about finding somebody that you can trust to help you? Well, the first thing is you have to ask yourself. What is the job? You're trying to get done. He's a coordination of specialists and pharmacists and treatments in the hospital. Then you're going to be looking for someone who's probably a nurse reformer nurse from that system. So they don't just understand it. But they actually know the people is about staying at home, then maybe you'd want. Somebody who specializes in Seoul. Social work and being able to do in assessment of the house to make sure that the person can stay there healthy and longer, and is it about technology. Well, believe it or not. There are certain commercial companies are now coming out there to be able to come into your home do an audit and to install the technologies necessary. So unfortunately, the biggest job for caregiving, which tends to be the oldest adult daughter is navigating the system navigating the system in what ways what what what what is difficult that we wouldn't know just from basic knowledge, but that we would need to know at that point. Unfortunately, aging is not for wimps, and it gets much more complicated as we age. And so for instance, most of scar used to the idea of just going to see our doctor with any walk. We just need that one doctor and we're good, but with the average older adult having two or three maybe four chronic conditions that could be two or three or four or more specialists. So it's complicated is getting the doctors to talk to the doctors the fact that you're taking multiple medications that need to be taken at the right time in the right dose of with the right? Meal and the like so suddenly it's not just about the care itself. But think about the administration that goes with it who's paying and the like. Well, and you haven't mentioned insurance companies, and that's gonna be a big part of it too is trying to navigate that. And make sure that everything gets paid for and as an adult child. There's nothing more fun than explaining to an elderly loved one who does not want any bills on their table to show them a Bill from the insurance company says this is not a Bill, but at the bottom it says you owe eight hundred dollars. And I imagine that many people who are in this situation are going to be able to rely on Medicare does that cover everything or Medicare covers a great deal? It does not cover everything. In fact, it may not cover certain specialties. It may not also cover the quality of care that you think your spouse or loved one deserves how much more you're going to have to pay for somebody to help. You navigate all of this. Well, it's very interesting. There's a whole new field or not very new but new because it's becoming more aware in the country because of the aging population of care managers, geriatric care managers are many are called life care managers. They've been around since the nineteen seventies. But the hourly rate for some of these services can be as low as thirty five or forty five dollars per hour. I have seen them be well over two hundred and forty five dollars an hour are the costs of the caregivers covered by insurance the cost carriers. Unfortunately, in most cases, are not there are some. But most cases it is out of. Pocket. So what advice would you have for someone who is looking for an aging life care manager? I think one of the first things we can do is right in the longevity economy is older adults. And by the way, that's a lot younger than most people think in their forties and fifties if you will should start thinking about how would they want care to identify the care services that they would like, but also to have a Frank discussion with their spouse and with their adult children as to what they would like what they do not like and how they're going to be able to afford it. But it would also look beyond the care about medication and food and bathroom breaks and everything like that. Also think about what are the technologies I can put into the home to enable me to stay in my house longer. So planning is more important than almost anything else. And a lot of the new technologies that we're seeing are really help you think about something like Alexa, or these smart speakers. And the way that I use them versus the way that somebody who can't move as much would use them. They really are very helpful. Absolutely. My colleagues at the MIT age lab, we're looking at the internet of things where your house is going to be monitoring managing and motivating good behaviors at any age. So have you done all the things you're telling us, I've done only a few of them. So yeah, I'm saying do as I say not done yet. Imagine this though, one in four American families are providing upwards of twenty six to twenty nine hours a week in elder care. This is a private problem.
"nineteen percent" Discussed on Part-Time Genius
"Nineteen percent of four year olds in nineteen seventy attended preschool but by nineteen seventy as many as thirty six percent of preschoolers as children in the us were watching sesame street so these findings were telling enough that the bureau ultimately concluded that sesame street was the largest and least costly early childhood intervention that's ever been implemented while it was a well in early childhood education programs like headstart cost i wanna say it's something like eight thousand dollars per child per year the annual cost of sesame street today is about five bucks i mean that's incredible but i mean i know sesame street is now on hbo do you wanna talk about how that changes affected the show and perhaps the disadvantaged kids the show once was supposed to help right so you're talking about the deal that sesame workshop made with h b o i think this is back in two thousand fifteen and basically secured financing for the show through its fiftieth season so that was definitely a shocking turn of events but it's worth remembering that the deal only grants hbo i run right so you know it's something like nine months after each episode's hbo premiere the show airs on pbs as they always have so basically new episodes are still free for everybody as long as you're willing to wait a season to get them which is obviously better than nothing but to be clear i do love hbo but why the show moved to premium cable i actually seems like out of character for what has to be like the poster child for public broadcasting well it was really one of those doer di decisions that that pretty much had to be made to keep the show afloat there was a new york times article in two thousand fifteen they did a pretty good job of explaining the situation and so here's how they put it historically less than ten percent of the funding for sesame street episodes came from pbs with the rest finance through licensing revenues such as dvd sales says amis business has struggled in recent years because of the rapid rise of streaming and on demand viewing and the sharp decline in licensing income about twothirds of children now watch sesame street on demand and do not tune into pbs to watch the show.