2 Burst results for "Nineteen Thirty Three Four Years"
"nineteen thirty three four years" Discussed on KQED Radio
"Me now is the world's Jason Margolis help with some of these numbers into a global context just how better things for the United States Jason compared with the rest of the world what Marco did it takes a while to trickle out and most of the global jobs figures are still from March or February which is a lifetime ago with this pandemic but if you could please have updated figures for April Austria for example their unemployment rate sits at thirteen percent which is pretty similar to the U. S. today Ireland announced that its unemployment rate is twenty eight percent now just for context was at four point eight percent Wednesday at home measures were announced at the end of March the bank of England is forecasting its unemployment rate hit eight percent but if you look at that prediction it's a straight line up in a straight line back down so the hope is that this is going to be a quick recovery overall the U. N. has predicted that the pandemic will cost nearly two hundred million jobs worldwide in the second quarter of this year and those are just numbers though those numbers have implications of Brazil's economy minister Paulo judges said today Brazilians would have to deal with food shortages and social unrest in a month's time these are numbers and they are stories we have not seen since the Great Depression which was a global depression we must remember economists also warn though what we're seeing now is not the same as a nineteen thirties right that's right we're hoping that this is just a painful time out not a whole entire decade of pain so it's tempting to draw comparisons the nineteen thirties we have to be very careful a lot of these layoffs today are temporary we hope as social lockdowns lifted businesses will come back we're already seeing that in Asia and parts of Europe also we have much better stop gaps in place then we did back then Europe and Asia are better positioned to weather out this storm we have global financial institutions to help less developed countries get through this and let me just speak to the US for a moment the social security act came into law in nineteen thirty five and unemployment insurance as we know it today that started under president Franklin Roosevelt as well the market you know when you go to the bank can you see that FTI see sign right yeah that's the Federal Deposit Insurance Corporation and that came into effect in nineteen thirty three four years into the depression basically what that means is your money in the bank is backed by the US government it's safe before that runs on the banks made the Great Depression considerably worse but the FDIC restored a lot of trust in the banking system so it's a much much different situation today the world is much more secure than it was in the nineteen thirties now on the other hand I don't want to minimize the pain we're now feeling because we're seeing a lot of things today that are very scary the Brookings Institution just put out a new report this has more than one in five American households don't have enough food because they can't afford to buy enough yeah so obviously just we got to keep in mind new possible corona virus outbreaks we have seen that happening but when our smart economists expecting a rebound yeah well forecast really very a year two years it all depends on when we can get a vaccine or some medical advancements or we can figure out how to adapt to a new life where we can minimize illnesses can return to some semblance of normality here in the US we do have the benefit of watching Asia and Europe go first and their outbreaks were earlier so we can watch them re opened earlier and hopefully learn from their successes and failures there was Jason Margolis thanks for getting us going today okay Marco some countries are loosening their physical distancing roles in part to re open their economies Brazil though is struggling with a surge in covert nineteen deaths in fact two studies out this week from scientists at the university of South Paulo Johns Hopkins and Oxford predict Brazil become the new epicenter of the pandemic as we hear from the world's Jorge Valencia one city in the middle of the rain forest is already seeing what could be coming from other parts of the country the city of Manaus sits along the Amazon River and has more than two million people the historic opera house and on any given day now seems like this an excavator dumpster over a half dozen caskets at the.
"nineteen thirty three four years" Discussed on WBZ NewsRadio 1030
"Political costs. Also, former manager for the Trump campaign, Paul Manafort may spend the rest of his life imprison special counsel, Robert Mueller's office has filed they have filed papers and court revealing that Manafort could face more than nineteen years behind bars on charges of tax and Bank fraud, they younger sister, a former first lady Jacqueline Kennedy Onassis has died Lee Radziwill passed away in her home in Manhattan of natural causes. She was born Caroline Lee movie back in nineteen thirty three four years after her sister. Jackie Lee Radziwill was eighty-five as former cardinal Theodore McCarrick has been defrocked found guilty by the Vatican of sex abuse calls are now rising this weekend for pope Francis. Step up and reveal what he knew about the once powerful prelates, apparently decade-long predatory sexual behavior. WBZ TV's Jim Smith talks with a Boston attorney. He represents clergy sex abuse. Victims Garabedian is not impressed by the pope's action against the former cardinal. He calls it spin control. When you have a high ranking official one of the highest ranking officials in the United States and archbishop sexually abusing children. And that tells you how rotten to the core of the problem is the now eighty eight year old McCarrick was accused of sexually abusing a teenager more than fifty years ago and later misconduct with adult seminarians the allegations. Go back to win McCarrick was rising to the top of the American Catholic church. Here's McCarrick in two thousand and two Chris. Wanting to handling of the clergy sex abuse crisis on the right road. Now. I think that we're in something where we can guarantee of the United States that that we're in control. This will never happen again any while the archbishop of.