35 Burst results for "One Hundred Fifty Billion Dollars"
States, cities plead for virus aid as Congress faces crises
"Many states have not yet spent the coronavirus stimulus money they received weeks ago according to U. S. A. radios John Hon many states have yet to spend the federal funding they receive more than a month ago to help with soaring cost related to the coronavirus crisis locating governor's arguments that they need hundreds of billions more dollars from U. S. taxpayers the Associated Press reviewed plans from governors or lawmakers on how they plan to use the money and found that only one third have started distributing the money the reasons vary some governors want permission to use the federal aid to plug budget holes after business closures and stay home orders eroded the tax revenue that pays for government operations others are holding back because they fear a resurgence of the virus could be another wave of expenses Congress approved one hundred fifty billion dollars for state and local governments in late March as part of the two point two trillion dollar response to the outbreak and the money was distributed almost immediately for USA radio news I'm John
US States with few virus cases get big share of relief aid.
"Alaska Hawaii Montana and Wyoming not epicenters of the corona virus pandemic yet. These four states scored big this spring when Congress pumped out direct federal aid while the two hottest hits States New York and New Jersey comparatively little given the vast numbers of cases and deaths they had seen analysis shows that states with small populations like these took in an outsized share of the one hundred fifty billion dollars in federal money that was designed to address corona violence related expenses when measured by the number of positive tests for the Kovic nineteen disease their whole ranged from two million dollars per positive test in Hawaii to nearly three point four million dollars per test in Alaska in Wyoming with less than six hundred positive cases. The one point two billion dollars it received from the congressional package equates to eighty percent of its annual general state budget by comparison New York and New Jersey received about twenty four thousand dollars and twenty seven thousand dollars respectively for each positive Corona Virus. Test other states with high numbers of Corona Virus Cases Including Massachusetts Michigan and Illinois received less than one hundred thousand dollars per positive case. The money for state governments is a slice of the two point. Two trillion dollar federal stimulus passed in late March but in the corona virus fight the disproportionate share going to small states has consequences states with high numbers of infections and deaths say they need that money for immediate expenses related to fighting an outbreak that threatened to overwhelm their hospital systems from staff overtime to setting up makeshift hospitals. Some states with relatively few cases have been able to reopen their economies faster and have more options on how to spend federal largess many now trying to determine how they can spend the windfall while keeping within the federal guidelines
State Budgets and COVID-19
"Seventy five billion dollars. When was the last time you thought that might not be enough money for well? Almost anything for the Pew Charitable Trusts. I'm Dan Lewis Duke. And this is after the fact. We hope this finds you safe and healthy. That's seventy five billion dollars. Is Our data point for this episode. And it's the combined. Total of money states had set aside this year for a rainy day in order to protect critical services for the public like healthcare and aid education in case of a downturn. Of course this is more than a rainy day. The Corona virus is more like a daily show and it's lasting for months and it's taken most of the last decade since the end of the great recession for states to save that money and stabiliser economies the federal stimulus package. Congress passed at the end of March tops. Two hundred billion dollars helped to states and localities and that includes one hundred fifty billion dollar Corona Virus Relief Fund. But will it be enough for more? We turn to Josh Goodman a senior officer on Pews State Fiscal Health Team on how covert nineteen is affecting. The state's Josh Goodman joins us. He's a senior officer on choose state fiscal health team. Josh we hope this finds you well and your family doing okay. Yeah definitely thank you so much for having me on. We're talking of course about the importance of of state budgets. Let's remind listeners. Just why they're important. What happens at the State Level State? Governments are just central to the lives of every single American primarily. What States Fund is Education Healthcare Transportation and public safety? And so if you're someone that drives on State Highway Sates are paying for that road if you or your family are on Medicaid states or contributing to that funding if you send your children to public schools that's dependent on state funding in additionally everyone that pays taxes when you go buy almost anything and pay the sales tax on it when you have personal income taxes withheld from your paycheck. That's linked to state decisions. And so if state governments aren't healthy if their budgets are struggling that means they'll have less money to provide all of those critical services it also means that Your taxes may be going up in a variety of different ways beyond that state governments are also important for the national economy. One thing that economists saw coming out of the great recession is that even as the federal government was making efforts to stimulate the economy states were delaying our economic recovery because they were raising taxes or cutting spending either of which take money out of the. Us economy states played this role of Limiting the recovery slowing down and so having healthy state budgets matters for all of us. We're going to talk about what all of this means for the states And their budgets which are gonNA have a huge impact economic impact. The data point for our episode is seventy five billion dollars. Which sounds like a lot of money because that's what the states is sort of stockpiled as of the end of this past fiscal year disorder. Get ready for tough times. Josh today anticipate tough times? This tough I don't think anyone anticipated a situation quite like this states always do need to plan for difficult budget situations one way. That states are different than the federal government is. They have generally constitutional requirements that forbid them from engaging in deficit spending and so states really do have to balance their budgets each year each two years and one way they do that knowing that the money they bring in in in good time will be a lot more than it is in bad times. Is they build up these reserves and so By saving in the rainy day funds as they're known states can have money to get them through tougher times but even states that have done a really good job saving. Didn't expect something to happen. This quickly and this dramatically that would affect their budgets. Josh breakdown were state. Revenue Comes from and why volatility poses such an issue for state budgets. State governments get most of their tax dollars from personal income taxes and sales taxes. And so we have. People are spending less money in the economy. Sales tax revenue will decline. If people are working fewer hours if there were layoffs then personal income taxes will also go down. States have pretty limited options to deal with those problems. They really depend heavily on their reserves to get them through these difficult times at bet also. They rely on the federal government during the great recession. The federal government offered substantial aid states states really need a lot of help but they're also making difficult choices for themselves as their budget situations deteriorate and for some context here. Congress and the president of created a two point two trillion dollar stimulus package for the nation. How much of that is is targeted towards state and local governments? One of the biggest parts of that for state governments is a new one hundred fifty billion dollar fund. That's designed to help states pay for their responses to Corona virus and all. The public health costs that go along with that and in addition to that money though there's a variety of other funding streams said are intended to help both state governments and local governments. One thing Congress has done for example is increase. The amount of money that the federal government is paying for Medicaid Medicaid is jointly funded by the federal government and states and so to help states out to get through these difficult budget times. Congress IS INCREASING. What the federal government will pay. You know we're coming out of the aftermath of the great recession was an it offered. I'm sure a lot of lessons to state policy makers on how to how to deal with calamities. What are some of those lessons right? We saw lots of sort of short term thinking during the great recession. Some of that was due to the degree of the crisis. That state's really didn't have great options but states were doing things like saying our education payment. What we're giving the school districts on June the thirtieth if we just push on into the next fiscal year which begins July. The first that saves us a lot of money this year but of course. Then that's more you have to have next year and so it's those kinds of decisions that if states are really desperate they turn to. But they don't ultimately solve the underlying problem and so saving money in good times to use in bad times is one of those key steps. So what does it? It's been doing since the great recession to prepare for the next downturn one concept that came out of the great recession was idea of stress. Testing state budgets in the idea of a stress test is just sort of to analyze different scenarios of you know if the economy declines by this mound if personal drops by this amount of unemployment goes up by this amount those kinds of things. What does that mean for our budget? And it's something that some states have begun to embrace in really use it to drive their decisions and of course that's also going to vary state by state right each state. Scott their own economy based on the natural resources for example. It could be a huge part of their state's economy or the businesses that are located there. So there's no one size fits all we see a lot of variation in the volatility from state to state which is linked to the state's economy as well as their tax structure. And that's really where stress testing can be such a useful approach. What states are doing is customizing their stress tests to their own budgets and circumstances and so you know if you have an economy that's really linked to the price of oil. You're going to want to assess well if oil is thirty dollars. A barrel versus forty five dollars a barrel versus fifty dollars a barrel. What does that mean for our budget in? Do we have enough savings if oil prices are depressed to make it through those times until we would expect to see. See Things bounced back. Every state has a different level of volatility in its revenue structure in every state is maybe more sensitive as well to spending pressures that might occur during a downturn something like Medicaid which is a means tested program if people are earning less money more people qualified for Medicaid and that costs state governments more money so states really ought to be thinking about tax revenue. They bring in as well as the spending side. What are going to be spending pressures during a challenging times
Reducing Conflict in Your Marriage
"MR leader. It is great to have you back on focus on the family to be with you as you and I are speaking Jim at home. Well that's He's in the Washington Area. They have Ordered everybody to go home. I guess they're consumed with trying to stop Washington perfect coming hotspot as New Yorkers and so this is early. Been quite a quite a challenge. Well it's it's an amazing moment for leadership. And of course you carry the title Mr Leader. And congratulations on getting that stimulus package through and it was a unanimous vote. Correct single center a voted against it. There were a couple out Ironically and oscillation because the potential to come down with corona virus. But so it. Obviously you know hit the capital and at the Senate as well but we. We stayed the course Dinner Rapid Time This whole package together and under a week which is Warp speed for Congress. Oh without a doubt hoping the speaker and get it through the house Tomorrow when you look at the bill two trillion dollars It's a lot of money in many on the conservative side of the political spectrum. We're already antsy about the amount of debt that we have. But I mean there's really no way out. The government has got to step in correct. There was no alternative. I you know I've got some pretty conservative members. Everybody voted for it. There was no alternative because the government itself because of the public health pandemic shot the economy down. Nobody's fault. I mean nobody did anything wrong. This is not like a bank bailout. Nolan did anything wrong. We're trying to kind of bend. The car could get this public health crisis behind us and the best advice who were getting is that people have to separate and that leads to the situation. We found ourselves at now so the package has direct assistance for American families. It has a direct assistance or small businesses and for some of the larger businesses like airlines for example who don't have any any customers anymore Imagine people are reluctant to get planning applying anywhere I. They're being given medical not to do that so I didn't want to touch on something that you and I both care about. It was not in the bill and that was the Democrats not surprisingly wanted to try to make Planned parenthood eligible for funding. And we did that so not be using this margin. Rescue Package took fun planned parenthood. I so appreciate that and you know regardless of what side of the aisle you're on someone like Lipinski Who was a former prolife Democrat in the congress who has beaten his primary Those of us on the pro-life perspective. We can all applaud the fact that we're trying to save lives. I mean the thing is at least you're very consistent whether it's corona virus taking life or abortion taking your standing for life and we applaud you. Thank you for that leadership specifically let me if I can on the Stimulus package. I asked a couple of folks that I know. This is an interesting question. I had contemplated this but One of the commanders of the Colorado Springs Police Department is a friend of mine and he mentioned One of the concerns that he and as he called them. The badges are a little worried about is at the local level. Most first responders salaries come out of sales tax. That's how they are funded and he said there's a concern within the Colorado Springs Police Department amongst the officers. Whether they're going to have jobs. He said he had read the bill yet. Did we anticipate that? Or is anybody thinking about that aspect of first responders well over one hundred fifty billion dollars in the package for state and local governments for Corona virus related expenses? So anything that's directly related to. The virus is eligible and that's very significant amount of relief to and local governments. In addition out there was a massive package for hospitals. We know that they're under enormous stress. So we're trying to get this money out the door as rapidly as possible and The treasurer short-term MNUCHIN. Who was deeply involved in? This whole negotiation is also going to be on the point and executing they the funding getting it out as rapidly as possible. Everything we did in this bill had speed in mind in other words getting relief there quickly right. Well that's good and I know. Millions of Americans appreciate the help in this moment Let me also ask on behalf of a donor and supporter focus on the family. His name's Randy. He Does Manufacturing Labor placement and he works internationally. He raised an interesting question with me saying right now. Four of his global accounts have said to him if there was an economic incentive package to bring these manufacturing American manufacturing back to the United States. They'd be open to making that move right now. Has Anybody given any consideration to the long term impact that that could have to incentivize like cities? Do we have economic development groups like in here in Colorado Springs but to do that at a national level to try to get some of this especially essential manufacturing pharmaceuticals etc back to the United States. A lot of thought given to that because the distribution chain for medical devices some medicine from around the world certainly brought home. They concern a part of the distribution chain. Breaks Down Right so I think we'll be looking at that in a different way than we have in the past After after this pandemic the weaknesses created by certain things don mostly overseas. I think that's really good and I thought that was an insightful long-term perspective on what we might be able to do and You know as we wrap up our time and again. I'm grateful to you for the time you've given us From your perch as the Senate leader Speak to the American people generally about what you see in the short term and the long term for our nation. Well the short term. I want you to know all taking inspiration from the way the American public has reacted to this as strangers strangers people Looking for ways to be helpful particularly with for example volunteers delivering thanks to nursing homes and the elderly people who are stuck at home As a result of this we wanted To show the American people. We could come together guesses. They're coming together and do something rapidly for the country so I think the American public's reaction to this event inspiration. We've all noticed that and I think it helped us get this whole massive measured through just about one week which warp speed in Congress without a single dissenting vote. Now that's so appreciate it again and you know People faith you and your wife How do you translate the question? We're getting your focus on the family is where is God in all of this and I think now not as a politician leader of the but as a fellow believer How would you respond to that question? Where is God in all of this off his happens? That's an obvious question. I think God gives us guidance during a period like this you teaches us Inositol and perseverance and the optimism that when this is over This'll be still a great country. Under God as it always has been
Does killing Soleimani really change anything in the Middle East?
"For a generation Iran's May General Sulejmani he was a consequential Fica League in the Persian Gulf for the Americans in the region Sunnis? He was a terrorist mastermind for the Iranians the Assad regime in Syria Hezbollah in Lebanon. Sulejmani was a hero who protected the Shia cresent in the region. So it's no wonder the Iranian generals death via a drone attack attack in Baghdad. That was a huge news story. Earlier this month cast into the money rainy and military commander assassinated in the US drone strike on mm struggling marks a huge escalation coming just days at was revered by Iran supporters in proxies being blamed for the deaths of hundreds of Americans in the Middle East over the we took took action last night to stop a war. What comes next? What's the broader strategy? Here we did not take action to start a war. Your since the American killing of Sulejmani Tehran launched a missile strike on your spices in Iraq and in the process mistakenly shot down a Ukrainian Ilana carrying one hundred seventy six passengers something. The Mullah's had initially denied responsibility but crucially the Iranians signings avoided killing Americans. which was the red line? The president trump has drawn. US military response. So we'll this episode. Leave Iran Ryan stronger or is tyron now more isolated than ever and what is the showdown between Tehran and Washington Maine for Iraq the US military Tori prisons there and Iran's nuclear ambitions. Danny Applica- is a senior fellow at the American Enterprise Institute in Washington and Co host of the AAAGH. Ah podcast what the Hell is going on. Making sense of the world get identity. Hey Tom and I'm in. Sokoll is author of Iran Rausing the survival and and future of the Islamic Republic and CO author of Islam beyond borders the Oma in world politics. Welcome back to Iran. How good morning now? Also Amani abetted genocide in Syria to keep the Assad regime in power. He's responsible for the deaths of many American troops. He armed Hezbollah in. Lebanon with rockets is to attack. Innocent Israelis killed many innocent Sunnis in Iraq. So I mean isn't the world better off without Sulejmani. Were president trump. I think so. And also quite a number of American allies in the region Probably I think the same way but at the same time demand was a national hero and in fact that he was the one of the top strategic brains behind Iran's overseas operations and expansion of eight onion influence in the region. I will just support related to the fair that it only leadership has about the possibility of an American attack or an Israeli attack on a combined and attack. But let me see this Tom that nobody is commendable. dimitris full of commanders. Top commanders into the Nobel Prize winners and so on General money is being replaced And I think e to the debt is a widespread view in the West. That if you bump one or two individuals isn't the situation is going to get better We duty cold in history that take for example a Prime Minister Anthony Eden go around the nineteen fifties and calling for the elimination of Jamaa Nasser as the national president of Egypt and has was that this man is removed from a then. Everything will be fine. Nothing died in nine hundred. Seventy and a situation has not improved a cold and and at the same thing was said to be so I mean the point though. Is that knocking off Salomon. He's not going to make a great deal of difference. But also can I just add to this Dani salamone and these Iranian backed Shia proxies. They did help inadvertently into why help. America Islamic state. So does it worry you that people cheering the loudest about this. Guy's death other suny jihadists in there are slighted areas in the desert and the mountains of Iraq and Syria. I don't think they're the ones who are cheering the loudest I. I think you heard pretty loud cheering from here. I think you heard some plenty of loud cheering in In Iraq and Lebanon and and elsewhere throughout throughout the region. Look you know. I think it's important to acknowledge that. That as the head of the cuts force Qassem Soleimani was a very powerful folks very influential very strategic and very effective leader and he brought that effectiveness to things. That would terrible And the arming of Hezbollah. The murderer of half million Syrians. The arming of mass. The arming of in Yemen. We could go on for a while here but but But he did all of those things but when when the challenge was from Sundays you had is. He helped set up and guide ride. The hoste. Shabby the popular mobilization units in Iraq that That that ended up being part of the battle to to defeat Isis. The problem here is that every situation in the region is is more complicated than the enemy of my enemy is my friend. Just because Stalin Fort with us to defeat Nazi Germany did not make stolen a good guy. And if you look at these anti-regime protests some and. I've been breaking out in Iran since Tehran admitted that its military military shot down. A Ukrainian passenger Ilana have the Iranians overreached because despite the Iranian successes in Iraq Syria and Lebanon on on their rule out officials sites there on stable they print across he so have the Iranians overreached. There's no doubt that many Iranians feel about the Ashim and today have protested over the last few months in order to bring about A structural reforms today as a system of governance and economy which is setting enormously under represent- trump's sanctions but has the Iran overreached. What are I pointed out earlier I mean Iran does fear a a very strongly as possible American that much Israeli combined attack and therefore what update on your the humans done his belt reasonable security and press such for itself which would really want? Shepherdess Arafat at all costs but that does not necessarily Saudi mean that Iran is only Aggressive power in the region aggressive actor in the region. I mean. Let's not forget that that that the destabilization Iraq really started the two thousand three. US invasion of that country. Okay so the. The American invasion of Iraq helped Iran on because it overturned the suny state and it created a Shia majority Stein. I saw a natural law with the Shia brethren in Tehran following following on from that Danny shortly a problem about striking at pro Iranian sheeham paramilitary groups as trump has done is the now part of the Iraqi state. So is it any wonder. Washington's increasingly modulation is part of the world. First of all. I think it's offensive talk about Shiites. As if they're all some sort of monolith. The share of Iraq are Arabs. The Shia of Iran are Persians. These these are different people this. These two countries Shia versus Shia fought a bloody war for eight years in which there were one million casualties casualties in the nineteen eighties. The notion that somehow Iraq is a natural satellite or or or or slave to Iran is wrong Iran has chosen to try to dominate that country and demonstrations throughout the central and southern part of Iraq. Over the last month have been against Iranian domination the Iranian consulate in Jeff was burned to the ground at the end of last year not by Sonny's he's not by Sunni jihadis not by Isis not by Kurds but by Shiites carrying placards yelling out to out for Iran. Get Out of our country and I think that that is absolutely right to suggest that Iran has gained more influence in Iraq since the demise of Saddam Hussein. I I guess I I'm just not that big a fan of Saddam Hussein and the and the stability that he brought to Iraq. I wish that the United States had done more in the aftermath of the wall. I think thinks that we I think that we failed miserably. In many instances I think it was absolutely fatal in two thousand eleven when at a time of genuine stability in Iraq Iraq. President Obama withdrew troops and really provided the opportunity for Isis. To rise up again. My guest Daniel Placate from the American Enterprise Institute. And I'm in Sokoll. He's the author of Iran rausing and Islam beyond borders. I mean how would you respond to all of this. Because we've got these tensions here between Tehran Iran and Washington and the Iranian backed Shia politicians released most of them in Baghdad. I support if not closer ties with Tehran. They want the the Americans out of Iraq. But don't the sooners and the Kurds fee for the Iranian intrusion in Iraqi sovereignty. I absolutely and of course sir. The APP is not only the president of the American so who'd be which are being the opposed to in Iraq but also the presence of eight onions there. No question Ah about that but at the same time if we know that the majority of the Iraqi population is made up of the Shiites and some powerful elements among the Shiites have got the value equals relationship and relationship. What they don't know in the meantime ago? The Iraqi parliament release the iranian-backed Majority Shia legislators I support the withdrawal of US troops Danny now given trump's ambivalence about the region and the fact that he was elected impact to get the US out of the so-called forever awards isn't a US military withdrawal from Iraq. Just what trump and many war-weary Americans want. Well it's kind of funny. Isn't it because we start off talking about the you know the Iranians and what they want and and of course. The number one goal is to get the Americans out of the region and that is in fact the instruction is that has gone out to all of their proxy groups. All around the region. Is You need to step up activities to get the Americans out. Then we've got the president of the United States. It's who dearest and fondest goal is to get American troops out of the region so so a couple weeks after killing Kassim Sulaimaniyah. We have this unbelievably in coherent bizarre response. Where we where we're doing exactly what the around him one let? This is what Donald Trump has to sort out. He has to sort out whether he's the president. He's the kind minded president who who leads in a forthright fashion against men like costume ceremony. Who Seek to destabilize the region and extend Iran's hegemony Germany or he is going to be the kind of president that like Bernie Sanders like Barack Obama wants to turn around and high tail fin is to the Bernie Sanders and Donald Trump's uh-huh Washington energy independent America Stein fought these endless wars danny well A? They aren't endless wars. We have lost fewer people in these. This was than than than we lost a single day in World War Two so while they are conflicts that have continued on and off to a certain extent. You know the notion Shen that we've been sold that somehow we've still got one hundred and fifty thousand troops on the ground and losing them at a rapid pace is just wrong. We lost six in Syria. I I mourn every single one of them but the Kurds lost eleven thousand in their fight against Isis. So what what. What is the reason? We'll tell you very straightforwardly woodley because every time we turn tail every time someone says let's get out of that bloody Middle East. Let's pay attention to something fun. Like Asia and you'd like that. Tom Would now but hang on your way but every time we say that we end up being dragged back because the dynamics in the region of the ones that bring us back we need. We need a long-term solution that lets us. Stay away for good rather than one where we run away. Anita did it come back every single decade I mean the two thousand fifteen nuclear deal Provided tyron with as much as apparently one hundred fifty billion dollar windfall. Aw and certainly many people who are skeptical of the deal side that the Iranian spent lavishly arming the Shia militias across the region. So what it was trump right to pull the US out of the deal and instead impose maximum Prussia built around these economic sanctions on Iran. I think he was totally wrong and and I can care. There has been a backlash president. Trump's would would you withdrawal has a basically a provoked said that on Not to really go for the for police. Speed to in order to rebuild that they have nuclear program and. I think you're going to really do that. And of course that also carries the risk of a possible confrontation from tation between the United States and Iran possibly Israeli attacks on Iran and that could easily dissolved in a regional warfare. That at the end nobody may may be able to control it Danny. Any I mean a lively debate. Thanks so much for being back on. ABC
A truce is reached in the US-China trade war
"The trade war between the. US present. China finally be ending the two sides of announce what's been described as an outline phase. One deal Washington has celebrated it. Beijing has been more muted. But but how long will this last will join me in the studio to discuss this China's specialist and former Reuters editor in chief David Schlesinger. But before we begin Monaco's Andrew Moolah sat down on a little earlier with the former Australian prime minister and President of the Asia Society Policy Institute. Kevin Rudd to his take on the US. China feud to be fair to President. President Trump He is Response to China in pot through the trade war. An impact through other instruments of policy have caused policy and political leaders in Beijing to sit up and take notice and it may have been as a consequence of Chinese policy overreach in a number of areas that the great American beer has finally awaken Being Awoken from its long hibernation in terms of what's scene unfolding and Water East Asia for quite a period of time although it remains for me completely unclear as to what the actual content of the future of American Grand Strategy Strategy in response to China's rise might be America at President in my judgment has an attitude about China is yet to give evidence that it's got a strategy for dealing with China China Xi Jinping's China has become much more assertive about its national security interests. It's view you all of its international economic engagements and the prosecution of that's called it China's understanding of its iron value system in the world. And you can see the influence of that through the various instrumentalities for example the United Nations and the Britain would system excetera in other words China's political economy the entity itself. There's no longer contained within its borders Because of its she is size. It's now seeping out big time into the rest of the world so China has been the Dynamic Mc if you lock in the last decade America has been somewhat static preoccupied with A combination of the financial crisis as well as the rolling wars in the Middle East aced. So structurally we now appear to be in an increasingly fractured world. Xi Jinping is reported to have said in the pulp hero earlier in two thousand nineteen gene We should be prepared for thirty years of struggle now with America eating the Chinese ten dolgin which is time which we hadn't heard in Chinese politics much since since the cultural revolution. It's now back. And so I wish I had happier tidings for you to say was heading in a different direction but I'm trying to be realistic about. He occurs within this wide debate on economic decoupling between the United States in China which the trade war is just one pot and depending on what element limit of decoupling in reality of perception. We're looking at The answers are uneven on trade. That's clear about it for China. The trade sector of the economy economy is thirty six percent of GDP America's twenty six percent of GDP for China. It's a half trillion dollar trade for the Americans one hundred fifty billion dollar trade so for China it actually has macroeconomic consequences lodge than it does For the outed states. Which is why our friends in Beijing? Whatever the public rhetoric would like to see this thing put to bid did but so does the trumpster is well because markets Markets will knock him down this ously If we go into the New Year without trade trade deal which is why I've said all year they'll be one Christmas. I was Kevin Rudd de the Foam Australian Prime Minister and Co President of the Ages Society Policy
Trump warns Iran will face "end" if it threatens U.S.
"Hour, Iran's foreign ministers criticized President Trump for his tweet threatening the Islamic Republic. With its official end Mohammad Javad Zarif posted his own message on Twitter today saying Trump had been goaded into genocidal, tons, writing that Trump hopes to achieve what Alexander Genghis and other aggressors failed to do. He added Iranians have stood tall for a millennia, while aggressors have gone ending his tweet with hashtag never threaten Iran. Again, and try respect it works. Well, the US military command that oversees, the Mideast confirming an explosion outside the US embassy compound in Baghdad said there were no US or coalition casualties following that blast. President Trump tweeted if Iran wants to fight. Fight that will be the official end of Iran never threaten the United States. Again, that's what prompted Mohammad Javad Zarif response that I just told you about still President Trump. He told Fox News. He is not looking for conflict with Iran. Iran's been a problem for so many years. If you go back, just take a look at all of the conflict that they've caused and deal that President Obama made was a horror show, the Iran nuclear deal, because basically, says that in five years from now they're going to have an open to make nuclear weapons. We don't need another country with that, and frankly, especially them, we don't need it made this terrible deal paid one hundred fifty billion dollars, paid one point eight billion in cash, that means cash like that. He pocket cash Queen. I don't know if you've ever seen at the casino promotion, a
State Dept. pledges $75M to end forced labor and human trafficking globally
"Department has pledged a total of seventy five million dollars for a global campaign to end forced labor modern slavery and human trafficking. John Clemens has more deputy secretary of State John Sullivan announced details of the campaign called stepping up action to end forced labor modern slavery and human trafficking during his address to the UN. He spoke about the global problem of forced labour. There are an estimated twenty five million victims of forced labor around the world a quarter of whom are children behind those victims is a massive industry that nets about one hundred fifty billion dollars in annual profits.
Could Iran Sanctions Backfire On US?
"Talk about. There's some really interesting news that's breaking it's obviously. The sanctions coming onto Iran that President Trump is reinstating this week and there's a. Lot of buzz going on about that but of. Course I wanna know what you think about it, and more importantly is it the, right move for a President Trump, and then how is this going to affect the. Oil and gas or crude oil prices in the supply or, will it have an impact on it yeah. I yes I do, think is the right move particularly you know. Since the president did announced he was. Pulling our country out of that was just really getting an visable agreement for the Obama administration inter. Into, on behalf of this. Country around sponsors terrorism all over the. World. They haven't stopped doing it Oh I got a bunch of money one hundred fifty billion dollars freed up, thanks to that agreement and you know and? They, just, continued their terrorist-sponsoring way so it's been ineffective, to, begin with, and there's no reason for the United States to have been in it in the first place the European countries remain in it they're they're encouraging their companies to continue to do business, with Iran but several big. Companies have already stopped and You know over the next few months is. The sanctions go into? Place and penalties began to be implemented by? The. United, States on companies purchasing crude oil, from Iran I suspect what we're going. To see is most of Iran's supply, taken off the market because companies are. Gonna wanna buy oil that they have. To pay a big fine for purchasing so do thanks right move strategically and and it's the, right move for this country are. Our, principles here in the
U.S. races to meet migrant reunification deadline
"On kqed public radio the. Time is, now nineteen past five live from. NPR news in. Washington I'm Louise Schiavone The Trump administration is racing to, me today's deadline for reuniting migrant families who were separated at the. Border but as NPR's Joel rose reports the government has also. Acknowledged that hundreds of families will not be reunited by the deadline federal officials say there are. Roughly nine hundred parents who cannot be reunified by. The deadline in about sixty cases the. Administration says that's because the parents have. Past criminal convictions but in more than four hundred cases it's because the parents. Are already out of the US either. Because they left, or were deported by. Day's end attention will shift to the hundreds of children whose parents, may have been deported Andrew how much time. We're unified parents in the US should have to decide if. They want to seek asylum. I just, ruptured at the US embassy in. Beijing earlier today China's says a man. Detonated a small bomb outside the compound. Today explosion the only person injured was the man accused of the blast Chinese police responded the embassy. Says there was no damage to its. Property world markets Dow futures are up on the tech heavy NASDAQ. Futures are lower after reported one, hundred fifty billion dollar slide and Facebook shares and while the US and you have diffused. Their trade, issues, China remains concerned about is'relations with the US leading Asian stocks lower I'm Louise Schiavone NPR news. Washington and here, in San Francisco I'm Matt Elmore thank you, so much for joining us for morning, edition today which we'll get back to shortly I Joe McConnell is away today Ted Stevens is in his place to bring us a look at bay area traffic I Ted good morning Matt let's, start on the Altimonte pass westbound five eighty five to Northland road it's stop and go traffic eastbound still. Doing work on the between Greenville road and grant line road It's only the. Left lane is open until eleven o'clock this morning, metering lights are off at the bay bridge but traffic is, starting to stack up to the end of the parking lot and. No delays on Bart trains, are, on time Ted Stevens for. Thanks Ted his. Report brought to you by beach blanket Babylon I'm Jeremy Hobson, Miami is known as the cruise. Ship capital of the world but. The ships are outgrowing the city's port facilities the three major cruise lines they've all. Been growing in terms, of. Ships is in port Miami hasn't. Had the opportunity did host some of. The larger ships so now they're planning to build three new terminals that's next time on here now The here and now program begins. At eleven o'clock this morning it in turn is. Followed at noon by the. Takeaway The Trump administration hits the deadline for family reunification border crossings decreased and shown. But that is to be expected Trump's family separation policy has made no difference what the numbers say about border crossings I'm Tanzania Vega and..
Michael Toscano, Andrew Spencer and Facebook discussed on America's Morning News
"Case of oh skill scramble to reunite. Scramble in the skies I'm Michael Toscano today's the deadline for the Trump administration to reunite the undocumented immigrant families they separated at the southern border, over, twenty five hundred children detained without their parents correspondent Andrew Spencer reports on the scrambled to reunite hearing earlier this week the judge overseeing the case called the reunifications. A, remarkable achievement going so far as to say the government should be commended for its efforts but the judge also raised concerns. About the hundreds of parents who. Are unaccounted for many of whom may have already been deported. In court filings Wednesday the ACLU alleged some parents had. Signed away their right to reunification without understanding what they were signing because they speak indigenous languages and cannot read English. Or Spanish Andrew Spencer, Britain's Royal Air force is reporting that two typhoon jets based. In Romania were scrambled, this morning and response, to rush Aircraft suspected bombers operating near NATO airspace over. The Black Sea. The Russian aircraft moved away and Arizona. State trooper in training is dead and the second officer is injured after a. Shooting on interstate ten outside, a, suburb of Phoenix they were responding to a. Call of a. Person throwing things at cars business reporter Tom Busby. Tells us investors could. Be in for a bumpy ride on Wall Street today the NASDAQ beginning the new day at a fresh record high but analysts expect a huge sell off, today on Wall Street especially in the tech sector that's after Facebook posted an earnings miss last, night and shares tumbled in late trading that. Company lost nearly one hundred fifty billion dollars in value in just a few hours that's more than the worth of IBM it also cost Facebook, CEO, Mark Zuckerberg about twenty billion dollars dropping his net worth from nearly eighty two and a half billion dollars at midday to just over sixty three and a half. Billion, by dinnertime you'll be okay stock futures show the tech heavy NASDAQ now down by sixty four points the SNP down five Dow futures are up thirty four I'm Michael Toscano I had great results I lost.
Jeff Bezos becomes the richest man in modern history as Amazon workers strike
"Jeff Bezos has now become the richest person. In modern history is net worth now tops Bill Gates's peak according to the Bloomberg billionaires index the founder, of Amazon dot com already the world's richest person saw his net worth hit one. Hundred fifty billion dollars for the first time yesterday. Which is about fifty five billion more than the ninety five and a half billion that the Microsoft co-founder is currently worth Kate Fischer reports the index, puts Mr. basil says wealth higher than that, of Microsoft co founder Bill Gates whose previously topped the rich lists Missa gates is currently in second place with the worst of ninety five billion dollars this the. Basil says he's selling about one billion dollars of, Amazon stock every year to, fund blue origin the project he's founded to. Develop commercial space travel the news of his wealth comes as Amazon. Work is striking Germany Spain and Poland over working conditions Kate Fischer Washington. Thousands of Amazon workers in Spain and Germany are. On strike to protest proposed cuts in worker benefits and salaries Online video show police arresting a striking worker another photo shows a bloody shirt amidst reports that police beat some of the workers, on strike in Spain union organizers. Say nearly eighty percent of the workers walked. Off their positions at Amazon's largest packing and distribution center located in the outskirts of Madrid AER reported similar. Numbers on Monday the first of three. Days of strike action, German, union, officials also. Called for walkouts, today at, several, sites in the country with further, strikes expected tomorrow today's strike coincides with, Amazon's prime day that's global sales event
Google to Have 11th-Hour Call With EU Ahead of Android Fine
"Helped the driver find you in dense areas such as an airport european regulators are expected to hit google with a multibillion dollar find this week which the eu could also use to force changes in the way that google does business at issue is google's policy of requiring android device makers to use google search and web browsers as default apps in a blog post the company defended its positions saying distributing products like google search together with its google play apps store quote permits us to offer our entire suite for free as opposed to for example charging up front licensing fees this distribution is an efficient solution for everyone it lowers the price for phone makers and consumers while still letting us stain or substantial investment in android and play samsung announced completed fabrication functional test and validation of a prototype eight gigabit lp d five module capable of data rates up to six point four gigabits per second per pin the opd are five standard itself has yet to be completed and the solid state technology association only i announced work on ddr five last year with a specification do at some point this year us representative mike kaufman of colorado has introduced the twenty first century internet act which would ban blocking throttling paid prioritization and places internet regulation under the jurisdiction of the fcc the bill would modify the communications act of nineteen thirty four with a new title eight four the internet the rules are similar to the twenty fifteen open internet guidelines that were recently removed by the fcc including handling cases of zero rating on a case by case basis it also specifically bans sec from rate regulation and is not classify is ps as common carriers and finally according to the bloomberg billionaires index jeff bezos is now the richest man who ever lived base os is estimated to be worth one hundred fifty billion dollars which is about fifty five billion dollars more than bill gates that one hundred fifty billion dollar number is also worth more than gates's nineteen ninety nine amount which was the top mark inflation adjusted worth and till now congratulations deputies for more discussion of tek news of the day subscribe to daily tech new show dot com i'm sarah lane thanks for listening and we'll talk to you next time
Obama delivers veiled rebuke to Trump in Mandela address
"Meteorologist Danielle Gersh. KNX ten seventy NewsRadio, hey, forty-eight, ad Kennex former President Obama has been. Giving a speech in South Africa, marking the one hundredth anniversary of the birth of. Nelson Mandela made some comments seen as a rebuke to President. Trump saying we're increasingly. Seeing politicians. Play on people's fears strongman politics are suddenly suddenly. Whereby elections and some pretense of democracy are maintained, the form of it but those power seek to undermine every institution or norm that gives, democracy means, Obama also attacked what he called the utter, loss of shame among political, leaders when they're caught in a. Lie so the. Tour operators In Hawaii say they. Will still take you to see the volcano on the big island but there were going to stay. A little further away particularly in the boats this after about two dozen people were hurt when a lava bomb landed on one of them we see the lava on the vessel when be. Pulled up to it A few big chunks that was on the roof Could see chunks lean all over the, side, of the ball on the floor of the. Oh coastguard continuing its investigation of exactly what happened If you or someone you know takes the heart drug Villar Ston listen it's under a voluntary recall because the generic form. Of the drug made by three pharmaceutical companies contains a. Potentially dangerous chemical known in high doses to be her synergetic and to be toxic the. Tainted drugs come from manufacturers major soco and Teva Richard Reid is a cardiologist at providence Saint John's in Santa Monica should call her doctor if they see that the on one of those sports structures about whether, it continue the Valcartier switched to a different medicine or just. A different Delsarte head that is not distributed by one of these three companies but. He says the actual risk of liver damage is small the drug dose has about the same, amount of the, toxic chemical as cook, bacon and you'd have to eat thousands of pieces of bacon for the chemical to do major damage Brian paying KNX ten seventy NewsRadio California looking to tighten, up election security and the governor signed a new measure into law that would have provisions that include, requiring, people and organizations that have voter registration data To report security breaches. In addition the secretary of state has been directed to come up with ways to securely store the voter data eight fifty at Ken on your money all right it looks like the market has taken a happy, pill today with the Dow right now twenty three points NASDAQ. Of twenty four and the s&p five hundred of seven it looks like the testimony. From fed chair Jerome Powell music to the ears of the markets right now looks like a, says rates will, be gradually raised cost, of money will be going up with that'll help the economic expansion he says Amazon meanwhile counting big bucks looks like this year's prime to even bigger than last year Looks like. Of course Jeff Bezos one of the big beneficiaries Amazon CEO now the wealthiest man in modern history. With NetWorth above one hundred fifty billion dollars after Amazon stock his record highs. This week looks like. Amazon had some problems with its website run out, of the gate on the prime day but? They've got, those corrected now and Amazon prime day will end at midnight tonight our time oil is slipping down, fifty six cents at sixty seven and. Change and. We see gold hitting a new low for the.
Microsoft and Walmart team up to take on Amazon
"Officials are telling CBS news they're working to try and. Minimize the damage, of President Trump's Helsinki comments the latest in our top story in the WCBS opening bell report. Which starts at nine thirty now it is nine twenty five Bloomberg money news on WCBS. Sponsored by Mavis discount. Tire Mr. Joe Connolly Steve Dow. Futures are down fifteen points big tech stocks look like they will open lower because even though Netflix added more than a half a million new customers in the last three months in the US alone that. Was lower than they expected so this leads to theories that the tax have to correct because they're up so much, and maybe streaming as peaked, which seems unlikely Bloomberg says One quarter that, falls short of Netflix zone forecast is not a big deal but net? Flicks exists based on the faith of investors that it will eventually be large enough to support all of its spending Netflix does make a profit but it still has. To borrow money just the same because. They're spending so much for new shows they're spending it. Faster than they're, making it the head of Ober says he does not think that Uber has to be profitable. Though necessarily in order to issue stock next year Uber is losing money but not as. Much as they were. The largest the lowest the lowest. Price company does not always win freshdirect is still the largest online grocery New York it was founded early very early in the internet era and freshdirect charges six or seven dollars for a typical delivery that'll. Probably never be cheaper than Amazon or WalMart but they say the key is to target customers willing to pay more, for the convenience and quality WalMart. And Microsoft or to Amazon's largest rivals and. WalMart has signed a deal to use Microsoft for its cloud or as they say now cloud and services Jeff Bezos became the richest, man in history yesterday, because of the stock market worth one hundred fifty, billion dollars, at age fifty four but Bill Gates would. Still be richer than Jeff Bezos if gates had. Not given away so many billions of dollars to charities over the last twenty.
"one hundred fifty billion dollars" Discussed on 106.1 FM WTKK
"And he tried to talk to people and it wasn't going to do any more bad deals or blackmail deals that never work anyway rollo rockette man's not firing missiles at japan and he's not he's now literally dismantling missile launch pads and facilities gives us our hostages back he's purging the old guard of his father he's not having his yearly hate america rally and things are getting better by the way jerusalem is now the capital of israel and the iranian deal well we're out of it we just need one hundred fifty billion dollars pack thank you obama and i just i sit here and i'm watching some of these people you know an animal role was as bad as anybody and i say that with great great deference to people like andy mccarthy and i mean that victor davis hanson and some others even rich lowry to his credit has come around quite a bit some of the other ones oh i i mean these i just can't take it but you know something those people that they will never be leaders unless you have skin in the game in this in this is what we do differently this is why this show i think is different this is why i don't mind going out on a limb i'm willing to risk my career i'm willing to put it all on the line for what i believe in and trust me there were people that wanted me dead when i was vetting obama there were people that thought i was crazy that trump had no chance to win there are people that didn't believe that he'd be the successful he would govern with the conservative principles governing with and now that he put neal gorsuch on the court my question to you will never vote for donald trump people is why where are you now and some of you are actually trying to jump on the trump bandwagon today because if you had your way hillary would be making this choice hillary would be negotiating with iran and little rocket man hillary would never have made jerusalem the capital hillary would never have cut taxes hillary would have nothing but open borders hillary would now have her second supreme court nominee so i really don't have a lot of you know some of the people that i'm well because i'm saying it behind yeah you know why don't wanna do it because i'm just i know people that could ruin their lives today because of their stupidity and i just don't do it somewhere deep inside of me my parents taking me to church every sunday name of the father and of the son of the holy spirit amen it got in somehow god got in there and i was fighting it tooth and nail i didn't want to be in church i didn't wanna i was causing trouble in church then my father made me be an altar boy that was worse we're drinking the wine behind the yeah it was not good i was donald's incorrigible but yeah i really do believe strongly in a god and i believe the whole story of jesus and i just believe that there's that he created all of this and i don't think god made us to be timid and weak and thank god you know if i'm gonna have this microphone in the honor of this microphone that you give me every day by listening to this program yeah i'm going to vet obama yeah i am and i'm going to do the best job i can't even if nobody else is doing it yeah i'm gonna i'm gonna vet every presidential candidate and i'm going to tell you the truth about how i think they're gonna govern i'm not going to hold back and even though there was probably at least fifty thousand versions of hannity's career is over written before the november eight th two thousand sixteen elections i'm glad it turned out right not for my sake for the country's sake and i'm doing the same thing now with robert muller and his witch hunt and rod rosenstein and we're doing this exact we're going out on a limb kinda happy this week when the wall street journal jumped in g a little late guys but the reality is it is the biggest corruption scandal in.
Ant Financial raises $14 billion in world's largest-ever single fundraising
"Stinks and that's an understatement airbnb said this is understandably frustrating especially since many hosts are close to acquiring their license going forward unless the government reverses its position we will automatically cancel and fully refund any reservations at listings in japan that have not been licensed within ten days of guests arrival couple of quick stories here some odds and ends ant financial services group the operator of china's largest payment platform raised around fourteen billion dollars in what people are saying is the biggest ever single fundraising round globally by a private company ant financial was spun off from alibaba group holdings and aunt operates alley pay the world's largest mobile and online payments platform as well as you bow the world's largest money market fund the valuation of this fundraising round was not disclosed but aunt was previously valued at around one hundred fifty billion dollars and variety has an interview up with ubisoft to ceo eve's game oh if i'm going to get a pronunciation wrong on today's show it's going to be because i got either booby soft wrong or i got eve's chemo wrong i'm sure you'll let me know anyway in the interview chemo says that this next genera of gaming consoles will probably be the last generation of gaming consoles many in the video game industry believed that the industry as a whole is moving beyond dedicated consoles and dedicated hardware period as streaming games and the ability to play any game on any device takes over chemo agrees quote i think we will see another generation but there is a good chance that step by step we will see less and less hardware with time i think streaming will become more accessible to many players and make it not necessary to have big hardware at home there will be one more console generation and then after that we will be streaming all of us and quote nintendo of course has already had quite a bit of success with the switch which allows gamers to take console style and console quality games on the go and microsoft recently told variety that it too was looking to move its gaming strategy beyond hardware dependency in the coming years.
"one hundred fifty billion dollars" Discussed on 710 WOR
"And nobody was going to stop obama because he was the first african american president he was the chosen one for the american left the democrat party and it was not a soul it was going to stand up to it there was not a soul it was going to stop him they knew that the full wrath of the drive by media would rain down upon them so bonn had a free rein that's the only way this was allowed to happen is nobody had the guts to stop it even republicans remember the corker deal to try to make this look legit the media made it look legit and that's the real story of this how did this even happen how does something that is nothing more than one man's personal policy preferences toward iran get presented to the american people as a treaty like official u s policy that has as its number one objective keeping iran from getting a nuclear weapon when in fact it does just the opposite it permits the iranians getting a nuclear weapon it commits the united states to defending iran if there ever attacked even by the israelis and they got one hundred fifty billion dollars in cash from obama state depart well the treasury and this whole thing was presented to the american people as a serious constitutional treaty that represented an official united states agreement with the government of iran with several allied nations as signatories i e our european allies this was nothing but another scam folks and the scam was pulled off by way of an alliance between the obama intelligence people that would be the cia the dia the nsa all the people ran these agencies that were obama acolytes and the media as willing accomplices in furthering the misconception about this so i as a reminder john pedder it's may fifth two thousand sixteen headline white house admits it played us for fools to sell iran deal begins this way congratulations liberals of a washington press corps and elite organizations you're a bunch of suckers we all know this because the obama white house just told us so in an astounding new york times story by david samuels the senior white house officials gleefully confess they use friendly reporters and nonprofits as pr tools in selling obama's foreign policy and.
U.S. Commerce's Ross to visit China for trade talks in early June
"Hear this oh my beer and then lots of this must be at a theatre watching action johnny knoxville the score of jackass radar owning theaters too i you on this twenty fifth day of may thirty four minutes past the hour and the chinese government says us commerce secretary wilbur ross will arrive in beijing saturday for more talks on settling a sprawling dispute over technology policy and china's trade surplus with the us it said the visit would last through monday china promise last week to buy more american goods but the two sides of yet to report progress toward a final settlement of the dispute that prompted president trump to threaten to hike tariffs on up to one hundred fifty billion dollars of chinese goods i'm president trump's leaving the door open for future talks with north korea the president thursday called off next month summit with north korea calling the cancellation a setback for world peace and stressing that the military is ready if needed i'd like to begin by saying that based on the recent statement of north korea i've decided to terminate the plan summit in singapore on june twelfth for many things can happen and a great opportunity lies ahead potentially i believe jay tremendous setback for north korea and indeed a setback for the world i've spoken to general mattis and the joint chiefs of staff and our military which is by far the most powerful anywhere in the world that has been greatly enhanced recently as you all know is ready if necessary likewise i have spoken to south korea and japan and they are not only ready should foolish or reckless acts be taken by north korea but they are willing to shoulder much of the cost of any financial burden any of the costs associated by the united states in operations if such an unfortunate situation is forced upon us hopefully positive things will be taking place with respect to the future of north korean but if they'd out we are more ready than we have ever been before if and when kim jong un chooses.
Tesla's Musk bashes media, proposes credibility check
"Well he's done an awful lot of bluffing you know he promised to tear up the north american free trade agreement nafta you're not done that yet then he goes still ongoing he promised to levy up to one hundred fifty billion dollars worth of tariffs against china and then just last week call the truce on that he promised hit dozens of countries with tariffs on steel and aluminum and only a handful of actually been affected so so far the threats have far exceeded the action now you know at some point we might all be wrong and he may actually go out and do some of this stuff but the record so far indicates he talks very loudly and carries a very small stick thank you so much for that that's edward alden a senior fellow with the council on foreign relations specializing in us economic competitiveness talking business and money news we're going to check back with jason brooks he is at the kcbs super micro intel money desk members of the media are taking their turn in elon musk sites musk went off on the media on twitter saying the problem is journals his word are under constant pressure to get max clicks and earn advertising dollars or get fired he went on to say it's a tricky situation has tesla does not advertise but fossil fuel companies and gas and diesel car companies are among the world's biggest advertisers must earlier this month took shots at several wall street analysts during the company's earnings call a baird analysts note weighs in saying the daily headlines around tesla are increasingly immaterial to the longterm argument on tesla existing home sales fell two point five percent in april from the month before and we're down over one percent from a year ago the twin problems of record high prices and an inventory shortage are stacking the odds against potential buyers stocks finished lower today the dow falling seventy five points to twenty four thousand thousand eight hundred eleven nasdaq down.
"one hundred fifty billion dollars" Discussed on KBOI 670AM
"Way each and every weekend talking about subjects financial and the washington post is reporting at this hour the treasury secretary steve mnuchin as announced that the administration is putting its trade war with china on hold that's a quote on hold following two days of meetings in washington he claims a these meetings have produced an agreement on increased chinese purchases of american products along with measures to make it easier for us companies to operate in china this would mean that the tariffs on up to one hundred fifty billion dollars on chinese imports are on hold that quote on hold according to the treasury secretary as these discussions continue so evidently the feeling is that there's been enough progress in the talks to make this observation and for the moment at least this lifts shall we say lifts the threat of additional tariffs on one hundred fifty billion dollars of imports from china in round numbers we import approximately four hundred fifty billion give or take on an annual basis from china but we export to china only about one hundred fifty billion and this is where the the trade deficit of about three hundred billion dollars comes from so obviously we are purchasing in the united states as consumers close to three times it's almost three times as much chinese imports as the chinese purchase exports from the united states and so we'll see how this plays out but for the time being you can forget about those one hundred fifty billion in tariffs on chinese imports because treasurer secretary says they are quote on hold unquote so we'll see how that plays out and those talks by the way are continuing also this weekend we learned that the talks on nafta have not made progress there was an announcement earlier in the weekend that really they have not seen the kind of progress they wanted to see on the nafta talks so we'll see how that plays out as well which.
"one hundred fifty billion dollars" Discussed on WDRC
"Way each and every weekend talking about subjects financial and the washington post is reporting at this hour that treasury secretary steve mnuchin has announced that the administration is putting its trade war with china on hold that's a quote on hold following two days of meetings in washington a claims a these meetings have produced an agreement on increased chinese purchases of american products along with measures to make it easier for us companies to operate in china this would mean that the tariffs on up to one hundred fifty billion dollars on chinese imports are on hold that quote on hold according to the treasury secretary as these discussions continue so evidently the feeling is that there's been enough progress in the talks to make this observation and for the moment at least this lifts shall we say lifts the threat of additional tariffs on one hundred fifty billion dollars of imports from china in round numbers we import approximately four hundred fifty billion give or take on an annual basis from china but we export to china only about one hundred fifty billion and this is where the the the trade deficit of about three hundred billion dollars comes from so obviously we are purchasing in the united states as consumers close to three times it's almost three times as much chinese imports as the chinese purchase exports from the united states and so we'll see how this plays out but for the time being you can forget about those hundred fifty billion in tariffs on chinese imports because the treasury secretary says they are quote on hold unquote so we'll see how that plays out and those talks by the way are continuing also this weekend we learned that the talks on nafta have not made progress there was an announcement earlier in the weekend that really they have not seen the kind of progress they wanted to see on the nafta talks so we'll see how that plays out as well which is more important.
"one hundred fifty billion dollars" Discussed on WJR 760
"Or just operations being run through the casinos themselves that's a good question i mean i think that each state will will weigh that decision make the best decision for the state and the consumers i would just urge that a lot of bedding is taking place right now online through illegal bookies and that you know as i said if not just centers are able to look at this through the lens of what's best for the consumer and shutting out the illegal market certainly i think the mobile piece the nevada model that's in place does does do that how much money are we talking about yeah i mean look right now we estimate that the legal market is about one hundred fifty billion dollars in wagers that's a it's somewhat deceptive number because it sounds really big but ninety five percent of those wages are being are being paid back out to winners so you our estimates are it could be as large as a two hundred billion dollar industry in but it really does depend on the the legislation that the states put in place whether or not it it does help consumer move consumers from that illegal market back to the legal regulated market and the only way that you're going to be able to do that is if you have reasonable tax rates in place because otherwise we can't compete they don't legal officer operators don't pay taxes and they're they're able to offer some pretty good odds so you know we we do want to get that consumer back to the legal legal market and and you know offer the best odds that we can to compete with the legal operators slaying the senior vice president the american gaming association with us to kick off the frank beckmann show today.
"one hundred fifty billion dollars" Discussed on WGIR-AM
"Stop obama because he was the first africanamerican president he was the chosen one for the american left the democrat party there was not a soul it was going to stand up to it there was not a solo was gonna stop him they knew that the full wrath of the drive by media would rain down upon them so bonna had a free rein that's the only way this was allowed to happen is nobody had the guts to stop it even republicans remember the corker deal to try to make this look legit the media made it look legit and that's the real story of this how did this even happen how does something that is nothing more than one man's personal policy preferences toward iran get presented to the american people as a treaty like official us policy that has as its number one objective keeping iran from getting a nuclear weapon when in fact it does just the opposite it permits the iranians getting a nuclear weapon it commits the united states to defending iran if there ever attacked even by the israelis and they got one hundred fifty billion dollars in cash from obama state depart well the treasury and this whole thing was presented to the american people as a serious constitutional treaty that represented an official united states agreement with the government of iran with several allied nations as signatories i e our european allies this was nothing but another scam folks and the scam was pulled off by way of an alliance between the obama intelligence people that would be the cia the dia the nsa all the people ran these agencies that were obama acolytes and the media as willing accomplices in furthering the misconception about this so i as a reminder john dorrance may fifth two thousand sixteen headline white house admits it played us for fools to sell iran deal begins this way congratulations liberals of the washington press corps and elite organizations you're a bunch of suckers we all know this because the obama white house just told us so in an astounding new york times story by david samuels the senior white house officials gleefully confess that they use friendly reporters and nonprofits as pr tools in selling obama's foreign policy and.
"one hundred fifty billion dollars" Discussed on KBOI 670AM
"And nobody was going to stop obama because he was the first african american president he was the chosen one for the american left the democrat party and it was not a soul it was going to stand up to it there was not a soul it was going to stop him they knew that the full wrath of the drive by media would rain down upon them so bama had a free rein that's the only way this was allowed to happen is nobody had the guts to stop it even republicans the corker deal you know to try to make this look legit the media made it look legit and that's the real story of this how did this even happen how does something that is nothing more than one man's personal policy preferences toward iran get presented to the american people as a treaty like official us policy that has as its number one objective keeping iran from getting a nuclear weapon when in fact it does just the opposite it permits the iranians getting a nuclear weapon it commits the united states to defending iran if there ever attacked even by the israelis and they got one hundred fifty billion dollars in cash from obama state depart well the treasury and this whole thing was presented to the american people as a serious constitutional treaty that represented an official united states agreement with the government of iran with several allied nations as signatories i e our european allies this was nothing but another scam folks and the scam was pulled off by way of an alliance between the obama intelligence people that would be the cia the dia the nsa all the people ran these agencies that were bomb acolytes and the media as willing accomplices in furthering the misconception about this so i as a reminder john dorrance may fifth two thousand sixteen headline white house admits it played us for fools to sell iran deal begins this way congratulations liberals of the washington press corps and elite organizations are a bunch of suckers we all know this because the obama white house just told us so in an astounding new york times story by david samuels the senior white house officials gleefully confess that they use friendly reporters and nonprofits as.
"one hundred fifty billion dollars" Discussed on KSFO-AM
"Stop obama because he was the first african american president he was the chosen one for the american left the democrat party and it was not a soul it was going to stand up to it there was not a soul it was going to stop him they knew that the full wrath of the drive by media would rain down upon them so bonna had a free rein that's the only way this was allowed to happen is nobody had the guts to stop even republicans number the corker deal to try to make this look legit the media made it look legit and that's the real story of this how did this even happen how does something that is nothing more than one man's personal policy preferences toward iran get presented to the american people as a treaty like official us policy that has as its number one objective keeping iran from getting a nuclear weapon when in fact it does just the opposite it permits the iranians getting a nuclear weapon it commits the united states to defending iran if there ever attacked even by the israelis and they got one hundred fifty billion dollars in cash from obama state depart well the treasury and this whole thing was presented to the american people as a serious constitutional treaty that represented an official united states agreement with the government of iran with several allied nations as signatories i e our european allies this was nothing but another scam folks and the scam was pulled off by way of an alliance between the obama intelligence people that would be the cia the dia the nsa all the people that ran these agencies that were obama acolytes and the media as willing accomplices in furthering the misconception about this so i as a reminder john dorrance may fifth two thousand sixteen headline white house admits it played us for fools to sell iran deal begins this way congratulations liberals of a washington press corps and elite organization are a bunch of suckers we all know this because the obama white house just told us so in an astounding new york times story by david samuels the senior white house officials gleefully confess that they use friendly reporters and nonprofits as pr tools in selling obama's foreign policy.
"one hundred fifty billion dollars" Discussed on 710 WOR
"By the way folks that one hundred fifty billion dollars from rama obama to ron it just didn't go to russia john carey admitted that some of it would be diverted to jihad you know what that means terrorism and so some of that obama one hundred fifty billion american one hundred fifty billion dollars went to syria went to the taliban in florida hamas and hezbollah rebel war on israel and went to yemen where there's a proxy war going on against saudi arabia which by the way is now part of the new trump alliance with israel and then a lot of that money went to russia to repay russia to pay russia period some of the nuclear infrastructure building that the russians have done for the iranians so it it's it's just an absolute outrage what the whole deal was in the first place and the degree of outrage from these people in the obama team who've now had it yanked away from really really curious look i can understand being upset here's obama greatest president ever first african american president believes americans to be cut down in size america is the problem in the world in many ways it's not the solution america has been unfair to smaller countries or comes obama kinda level the playing field and promote globalism and this one just yanked right out from under him and these people in the obama camp that had something to do with this are really taking this hard they're taking it so hard it's making me curious what they've lost here what did carry lose personally in this this is reacting to this more than just lost his credibility reputation or resume point did oh hillary did o obama himself what what did they lose personally amiss and.
"one hundred fifty billion dollars" Discussed on KSFO-AM
"Be buddy buddy merckel not so much her and trump disagree on a lot is going to you know ed some discourse are are they going to deal with us on other issues if we get out of this or does it matter it doesn't matter i think it matters i think anytime you're working on something together it's better but i can't see the positives in it for us or the world to be to be in bed with the number one state sponsor of terrorism giving them one hundred fifty billion dollars and then they only have to keep their word till twenty twenty three what what's the sense but before we get back to your phones let's play ron and jim clip number sixteen this is president trump commenting on his relationship with merckel who he's meeting with as i speak to integrate honor to have chancellor mirko and i will say that you can rest assured she was going to win that election and congratulations on winning and by the way a formal congratulations great victory we're working on a lot of different subjects including trade including nato including military of all types and we have a really great relationship and we actually have had a great relationship right from the beginning with some people didn't understand that but we understand it and that's what's important but very extraordinary woman and it's an honor to have you at the white house there you have it so is she going to issue going mccrone didn't seem to move the needle will merckel you know have a chance to move the needle i hope not i don't think she would and in in reference to the north korean situation i was talking to you before will trump get the credit if the north korean peninsula has denuclearized if the whole korean peninsula denuclearized excuse me i don't think they will cnn is already trying to spin it i mentioned before they're giving credit to the public relations offensive by on during the olympics sending his sister down there but the curveball was is that the south koreans are given trump credit while talking to christiane amanpour and i'm looking at twitter.
"one hundred fifty billion dollars" Discussed on 850 WFTL
"Would love to get out i'd love to bring our incredible warriors back home they've done a great job we've essentially just absolutely obliterated isis in iraq and in syria and we've done a big favourite to neighboring countries frankly but we've also done a favor for our country with that being said emmanuel and myself have discussed the fact that we don't want to give ran open season to the mediterranean especially since we really control it to a large extent we really have controlled it and we've set control on it so we'll see what happens but we're going to be coming home relatively soon we've finished at least almost our work with respect to isis in syria isis in iraq and we have done a job that nobody has been able to do but with that being said i do want to come home but i want to come home also with having accomplished what we have to accomplish so we are discussing syria as part of an overall deal when they made the iran deal what they should have done is included syria when i say should have before giving them iran one hundred fifty billion dollars in one point eight billion dollars in cash one point eight million dollars in cash you think about this before giving this kind of tremendous money okay one hundred and fifty billion and one point eight billion dollars in cash in barrels i hear it was taken out and boxes it was taken out cash they should have made a deal that covered yemen that covered syria that covered other parts of the middle east where iraq is in where iran is involved they didn't do that so we wanna come home will be coming home but we want to have a very very strong we wanna leave a strong and lasting footprint and that was a very big part of our discussion.
"one hundred fifty billion dollars" Discussed on Bloomberg Radio New York
"Channel says host sean hannity quote continues to have our full support in a statement the network says it's management was unaware until it came yesterday that hannity shirt a lawyer with president trump the statement says that they've reviewed the matter and spoken with hannity and he can use to have the networks full support global news twenty four hours a day on air and at tick tock on twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm nathan hager this is bloomberg thanks nathan now with our other top stories little bank has called off talks to sell its retail and private wealth businesses and india to indus in bank according to people with knowledge of the matter the german lenders considering keeping the operations and may increase investment blackstone is said to be back in x l g manager for a hedge fund startup bloomberg's john tucker has details according to a person with knowledge of the matter blackstone isn't talked to provide he galati with one hundred fifty billion dollars of seed capital for his hedge fund startup gluttony is the former head of us distress credit at g l g partners the launch comes as investors begin allocating more money to hedge funds as rising volatility and the prospect of higher interest rates great more trading opportunities geo g a unit of man group close galati distrust hedge fund earlier this year a person familiar says the talks between blackstone and gallotti arete in advanced stage the final agreement has not been signed john tucker bloomberg radio.
"one hundred fifty billion dollars" Discussed on WNYC 93.9 FM
"Punish china for stealing or coercing us companies into giving up their intellectual property and the trump administration announced a fifty billion worth of tariffs and china announced exactly the same but those haven't taken effect yet and so this now trump has promised to double that go up to a hundred billion but still it's just talk at this point so i'll just talk i mean there's an expectation they're going to be some sort of negotiations going on at some point but for now what what happens where does this go both sides just keep adding more numbers of tariffs well china really had no choice but to respond quickly after washington's latest threats so what it says is that if the us keeps on provoking it like this it's going to strike back resolutely it's not saying exactly what it can do and here's the reason why the us tariffs total one hundred fifty billion dollars on china's exports but the us did only exported one hundred and thirty billion to china last year so they can't they can't hit them they'll have to do something else of course these two economies are so deeply intertwined if they wanna make life difficult for each of these companies they have a lot of ways they can do it if there were so much if it wasn't so much money steak and there weren't markets that were responding to all of this i guess we could pass this off as something feeling like a poker game but it's a pretty significant one it feels very much like it and the way china sees it is that everything president trump has done up to this point is basically a bargaining tactic to stake out a better position when they eventually sit down at the negotiating table and hammer out a deal that's what they think is going to happen anthony there's been talk that china has actually been trying to understand the electoral college in the united states and really go after trump's base pretty directly does does.
"one hundred fifty billion dollars" Discussed on WCBM 680 AM
"The chinese would see an opportunity in our government under obama is responsible for the transfer of one hundred fifty billion dollars too regina that was teetering a regime that is a direct threat to the united states a direct threat to the united states they're not building icbms they hit jerusalem they're building icm bam's they hit jersey city that's what they're doing although they intend to hit jerusalem through quite frankly cruz said there are voices in the foreign policy establishment world in washington who are desperately trying to save the iran deal even though it has failed it endangers american lives it endangers the lives of all our allies now the culprit in this ladies and gentlemen right now i actually their three of them in the that air would be ah mattis but we're at the pentagon he's not a mad dog is a lap dog so lap lisa this noodle triangle this noodle and iron triangle noodle triangle mattis tillerson always always a joke and corker tillerson corker so close that tillerson his hired a corker aid is one of his top advisers so they're working you see corker and ben carton dumb as at dorna there been discussing a legislative fix with the administration that could satisfy months old demand from the president to resolve the deals flaws trump worn in october if the administer the that that we work with congress and all but if these flaws aren't fixed he's going to cane the deal will can the maryland democrat hesitated to describe recent talks with the white house has negotiations and noted that trump officials are still working on winning european support a prerequisite for democratic buyin' i am told by an inside source quite frankly in the white house now trump officials are not working with the europeans corker is working with the europeans corker has gone rogue corker there's still working on talking to europe to see whether they can get that type of commitment senator corker and i both set the stage two months ago of says this guy carton uh when we said you've gotta get you up on board and you can violate the nuclear deal carden said he does not have a copy of.
"one hundred fifty billion dollars" Discussed on KKAT
"The chinese who see an opportunity in our government under obama is responsible for the transfer of one hundred fifty billion dollars to regain that was teetering hey regime that is a direct threat to the united states a direct threat to the united states they're not building icbms they hit jerusalem they're building icm bam's they hit jersey city that's what they're doing although they intend to hit jerusalem took quite frankly cruz said there are voices in the foreign policy establishment world in washington who are desperately trying to save the iran deal even though it has failed it endangers american lives it endangers the lives of all our allies now the culprit in this ladies and gentlemen right now actually their three of them in the ah that would be ah mattis over at the pentagon he's not a mad dog is a lap dog so lap lisa there's noodle triangle this noodle not iron triangle noodle triangle mattis tillerson always always a joke and corker tillerson corker so close that tillerson has hired a corker eight is one of his top advisers so they're working you see corker and ben carton dumb as a doorknob there been discussing a legislative fix with the administration that could satisfy months old demand from the president to resolve the deals flaws trump worn in october if the administer the that that we work with congress and all but if these flaws aren't fixed he's going to can the deal what can it the maryland democrat hesitated to describe recent talks with the white house's negotiations and noted that trump officials are still working on winning european support a prerequisite for democratic buyin' i am told by an inside source quite frankly in the white house now trump officials are not working with the europeans corker is working with the europeans corker has gone rogue corker they're still working on talk in new york to see whether they can get that type of commitment senator corker and i both set the stage two months ago says his guy carton when we said you've got to get you up on board and you can't violate the nuclear deal carden said he does not have a copy of the draft legislation but said that to his knowledge the administration has been distributing copies to the europeans again corker is i believe that.
"one hundred fifty billion dollars" Discussed on WCPT 820
"Probably another one hundred fifty billion dollars you have this pass through situation where businesses that don't call themselves corporations which could be anything from the corner store through a hedge fund they pay their taxes at the individual in the individual rates they're getting this twenty percent off the top deduction rum their income and so that is probably another six hundred billion seven hundred billion dollars you can add all this out and there are others obviously and it comes to roughly six trillion dollars in cuts and that is partially financed by a series of tax increases so they changed the rules on the state and local tax deduction and severely limited it and that raises money they uh uh change the rules around the mortgage interest deduction so that it doesn't affect hide worst properties over seven minutes from fifty thousand dollars and that's probably a good thing but that ragged the tax increase they changed the rules on inflation how the brackets are indexed and this was a very slow i but meaningful a tax increase on all americans it's a regressive tax increase so it's it's most hits the hardest on the lowest income americans because the tax brackets we'll be going up at a slower rate which means as you get or raise you get pushed into a higher tax brackets faster so that's another hundred and fifty billion dollars something like that so you you know is there to ledgers here one ledger of all the tax cuts and one ledger of all the tax increases and that's that's kind of how that plays up eleven let me ask you uh you you at a piece in the intercept uh this week before the tax cut was actually passed suggesting that um we already know in some respects that the corporate tax cuts are now working as advertise is in a in a course i mean this is there's plenty of evidence in the past as to why this wouldn't be the case but but with the evidence we're talking about is literally in the past like three weeks sir month right i mean walk us through that yeah so there's there's this sort of great debate on mound grade of those but there's a debate between republicans and democrats over.
"one hundred fifty billion dollars" Discussed on WBT Charlotte News Talk
"And guess what mr tillerson has no problem with that none mr netanyahu had his team at objected to the iran deal as has president trump himself as of eyes since day one tillerson wants to penalize the israeli government by seventy five million dollars because under the deal with obama the israelis are not allowed to criticise the dealer try to change did you know that so in tillerson's well the iranians get one hundred fifty billion dollars to build nukes and icbms and the spread terrorism all over the middle east and then to our country the islam on nazi regime in tehran which murdered american soldiers never forget it murdered american soldiers mr tillerson doesn't want that deal repealed either so in tillerson's world in the state department's world the ambassador to israel from the united states should keep its mouth shut uh mr abbas welcome into the united states and kiss should speak any time he wants that the us should not cut off funds to our bassem fought todd despite the fact they use some of our tax dollars to get pensions and subsidize the families have murders and this is the state department tell us in world that guy needs to go in my humble opinion anyway i thought that speech by these son of the leader of hamas was right on right there in the un right there are among the palestinians oh my goodness show how rude of him all right more to get to including your calls i'll be right back.