35 Burst results for "Rates"
Kikuchi Goes 6 Effective Innings, Mariners Beat Rays 4-2
"The mariners beat the rates for the second straight day is Abraham Toro and Jared Kalanick homered in Seattle's four two decision over Tampa Bay you sicker could you limited the race to two runs and six hits over six innings after going and three in his previous four starts rainy arose arena Homer for the rays who are one six versus the ends this season rays third baseman Joey Wendell says the mariners have played them tough this season they've been scrappy they're gone it's been they need it they've been going the other way they've been hit line drives blues doubles home runs I mean you know it seems like they really complain well one you know we find up against them Diego Casteel worked the ninth to get his first Seattle saving fifteenth overall the outcome keeps the AL east leading race one game ahead of the red Sox I'm Dave very
Companies Begin to Mandate COVID-19 Vaccines for Employees
"And flexible payments american express. Business cards are built for business. Terms apply learn more at american express dot com slash business cards when vaccines were first approved. Last year most corporate executives hope that they wouldn't have to require employees to get the shot. They hope people would just do it on their own. This winter this spring as most americans are getting access to shots most hr executives say that they really felt that it was their duty to provide information that they wanted to do all they could to encourage the shots. That's are calling chip cutter who covers the workplace. But most of them said that they would never consider putting mandates in place. They just felt that that was a step too far for private companies. And it didn't feel it was their wall. They built that. There were a range of different views in the workplace about the vaccines and so they didn't want sort of have a top down approach but they must have really wanted all of their employees to get vaccinated because that would obviously make an easier for business to just return to normal they did. I mean many said that they would like to do this but they felt that it wasn't feasible and i think about united. Ceo scott kirby saying that he'd like to be able to put a mandate in place for the company's employees. He said this in january but he said it would take a lot of companies to do it for it to be feasible. And i think that's what many felt here. They did not want to sort of be out on. That didn't want to be the only ones in their industry doing this. For months then executive stood up a town hall meetings and shared selfish to them. Getting the shots they talked about. Why would it be important for employees to get vaccinated. They dangled cash and time off and all sorts of sort of creative ways to try to convince their employees to get back needed and some companies for example held onsite vaccine clinics just brought people on site. They vaccinated all their employees at once and they felt that that was sort of the right way to do this. And so you just sort of range of approaches and as the vaccination rate plateaued in
Rapid Virus Spread Through Indonesia Taxes Health Workers
"The coronavirus is rapidly spreading through Indonesia's health workers as the age of region grapples with a new coronavirus wave fueled by the delta variant Indonesia's death rate hit a seven day rolling average of six point five per million on August one second only to me animal and far higher than India's peak rate of just over three but it hits in may during the worst of its outbreak among the dead in Indonesia I'm more than twelve hundred healthcare workers including eighty six hundred doctors according to the risk mitigation team the Indonesian medical association the doctors included at least twenty four who were fully vaccinated I'm Charles de Ledesma
U.S. hits 70% vaccination rate a month late and amid a new surge
"A summer surge of covert cases across the country with the delta variant fueling the surge of the virus new cases per day in the U. S. have increased six fold over the past month to an average of nearly eighty thousand a level not seen since February and deaths per day of climbed over the past two weeks from an average of two fifty nine to three sixty forcing the reinstatement of mask mandates in businesses like some McDonald's and home depot in some states like Louisiana where Dr Catherine o'neill at lake regional Medical Center says there are no beds left these are the darkest days of this pandemic medical experts still say the vaccinated are far more protected and yesterday the U. S. finally reached president Biden's goal of getting at least one covert shot in the arms of seventy percent of American adults a month later than his goal I'm Julie Walker
U.S. Hits 70 Percent Vaccination Goal, Four Weeks Late
"Percent. That's the chunk of american adults that are now at least partially vaccinated against cove in nineteen. The milestone comes about a month later then president. Joe biden's fourth of july goal but as white house corona virus coordinator. jeff. Zion said monday. There's been a recent increase in vaccinations with these ongoing efforts. There's a strong sense of progress and you see it in the number of shots were getting into people's arms each day over the past few weeks we've seen a nearly seventy percent increase in the average number of new people getting vaccinated each and every day in the last seven days alone. Three million americans have gotten their first shot. That's the highest seven day total since july fourth. And just today we hit seventy percent of adults with at least one shot including ninety percent of seniors with at least one shot these are significant milestones in our fight against the virus. And it's very important to note in the states with the highest cates rates daily vaccination rates have more than doubled. The eight states with the highest current case rates have seen an average increase of one hundred seventy one percent in the number of
Football: Dementia Risk Greatest for Defenders
"Think of a future where football takes place without headers. And footballs are sold in shops with a warning about the risks of dementia. This is all about the link between heading the ball and dementia in later life. Now the anecdotal link has been established for some time, but we need more science. We're told in a new study, carried out by Glasgow University has come up with some pretty fine distinctions in terms of risk factors. Let's talk with the man behind it, Professor William Stewart. So, William before we imagine football without headers. What's new about the findings that you've come up with? Yeah, So, as you say, we have suspicions for quite a while that heading a bowl. Another head impacts in sport made lead to a risk of dementia. That's because of What we've done about boxing for for many years and more recently in sports, like American football, and also in football, a particular pathology, which which we used to call dementia pugilistic and there's no but this name chronic traumatic encephalopathy, or CTE. Peters and that's uniquely linked to head injury and also a couple of years ago Exploring this, we looked at deaths among footballers and found that footballers were 3.5 times more likely to die over the gentle brain disease, which we think may be related to the CT than it would expect for the population. Right. What these studies don't do is tell us necessarily affects the act of football. Or is just being a football? This is something genetically. That makes you a good footballer picture at risk of developing dementia. So this this problem in all these things? Exactly So you can establish a correlation, But you can't establish a causation. How close are you getting to the causation in your latest study? Well, what we did was we looked at it's you know, taking this hypothesis. The head injury was important and of course, head injury and impact in football. At the risk of that video is depending what position you didn't goalkeepers, for instance, don't had the bowl and have fewer head injuries and the rest of the players. So so if our hypothesis is correct, then would expect dementia rates in goalkeepers to be very low are normal. And outfield players were behind unless exactly what we saw Goalkeepers had a risk, which was pretty much the same as we've seen the population. The outfield players had a four fold higher risk of dementia and actually defenders. The position where there's most heading and most high impact training had up to five fold higher risk of dementia than the population risk.
US Hits 70% Vaccination Rate – A Month Late, Amid a Surge
"A new surgeon coronavirus cases as prompting several locales to impose new mask mandates the director of the centers for disease control says the delta variant is pushing new Kobe cases higher seven day moving average of daily new culvert nineteen cases to be about seventy two thousand cases per day this represents an increase of forty four percent in Louisiana governor John bel Edwards I am temporarily reinstating the Louisiana state wide mass mandate for all people both vaccinated and unvaccinated cases are spiking in his state quite frankly not enough people have been vaccinated health officials in San Francisco and six other bay area counties are reinstating the mask mandate so is Kansas city Missouri and McDonald's restaurant say in high risk areas they will require customers and workers to resume wearing masks inside I'm Jackie Quinn
Republicans Push to Ban Discrimination Against Unvaccinated People
"Not a country where we're going to say you can't come in here if your skin is black or you can't come in and if you decide your different gender where we don't do that here right. In america we also should not be the country that that tells our customers and our private business. You can't come in because you've made a health health decision about your body and decided you. Just don't wanna take a vaccine. What if we look at the data and the facts about the spread of this virus ever since china's senate over here thank. Thank you dr falcone. The fact service none of the states that were super shutdown and wore masks enforced. Everyone stay inside and super social distance. Their rate of spread was identical and sometimes even higher than the than the open states So no business has an excuse to say the unclean must stay out. What's next we're going to have to have passports that say that we've all been to transgender training. I mean are we going to have to pass. Say that like we all agree with the green new deal. I just think that like look. Trump's brilliance was in make america. Great again unify. We're all won. we're all together. We rise or fall as a nation and it seems like these policies are just meant to find new and exotic ways to divide us. That's
U.S. Reaches 70% Covid Vaccine Milestone for Adults
"Reached a vaccination goal nationwide. Albie It's a month later than they wanted reporter Alex Tin. The CDC now says that 70% of American adults have at least one dose of Covid 19 vaccine. Nearly a month after President Biden had hoped to reach that key goal for the fourth of July. That comes as the United States is nearing yet another milestone with close to 90% of seniors with at least one dose and has posted yet another day of accelerating first shots. The average daily rate of people starting vaccination is the highest it has been since early June.
Florida Breaks Daily Covid-19 Case Record
"Florida. Is once again the nation's covid hotspot. Most recent data from the CDC shows the highest one day total of cases in Florida since the start of the pandemic. Florida Agriculture Commissioner Nikki Freed, says Governor de Santa should be doing more to keep Floridians informed about rising covid cases We know that in some areas, especially in our rural communities, their vaccination rates are very low. And now they're covid rates are very high, so he should be having daily briefings should be again doing pop up locations for vaccines, talking about the vaccines, encouraging people to get them, Freed says In the meantime, she'll continue to report numbers from the CDC because quote the people of our state deserve information. Will all top news radio 6 10 w I. O.
The Left Has a Field Day With Governor DeSantis and Florida's COVID Surge
"Hospitalizations in florida reached the highest level since july of twenty twenty according to one statistician that seems to be neutral. At the current rate in florida. Hospitalizations will reach the all time high within four days and of course. The left loves that to look at that. Look at that rod to santa's look at him. I mean listen to chris. Cuomo cut three on cnn. Listen to him sort of gloating over rising hospitalizations and incidentally that is a figment of anybody's imagination. The hospitals are being challenged right now in florida as they are in many hostile many counties and cities and counties and states around the country had a friend in orlando the celebration. Florida area. Wife had a spider bite. Look pretty bad. They wanted to take her to the er and they were told they called. they said. please don't come. This is a covert hotspot r. e. r. here in celebration. Florida is overrun right now. Which of course always leads me to wonder about other medical conditions and other procedures and other things that people are able to get to because of covert but here was cnn anchor. Chris cuomo ripping into governor ron to santa's accusing him of holding the whole country hostage to covert question becomes as a policy perspective is. How long do you allow the majority of this country. Republicans democrats independents south-north majority of every group and demographic we have gotten vaccinated. How long do you allow them to be held hostage in states. Let's say like florida where you have the governor saying. Yeah i know it's breaking out. We're going the other way this florida. No mask mandates. I let the parents decide i mean. Where's that message gonna get you.
It's In and It's Big: Senate Unveils $1T Infrastructure Bill
"The Senate is ready to debate a massive bipartisan infrastructure package after a rare weekend session wrapping up work on one of president Biden's top priorities it represents the first phase of the president's infrastructure plan a nearly one trillion dollar package for the nation's roads bridges water works broadband and electric rate we haven't done a large bipartisan bill of this nature in a long time Senate democratic chief Chuck Schumer was among those hailing the compromise yesterday along with the G. O. P. negotiator rob Portman it's great for the American people Utah's Mike Lee is among Republicans concerned about how to pay for it the fact that infrastructure is a good thing and that we need it is a different question from whether we can afford the infrastructure plan in this particular case and it's unclear if enough Republicans will vote yes Sager mag ani Washington
Predicting Urban Land Use
"My name. is daniel omega. I am impede student in the computer. Science department of the university of oxford marriages on this neighbor. I in almost driving this research. Are we talking about today. I did which on my professors about two years ago. The remind masters program to kick things off. We'll start with the imagery problem. I guess to set the stage. Would you mind providing some background on urban growth especially in sub saharan africa. What's the nature of the problem. You're looking into a musician. Common phenomena in developing countries like in africa. And there's this trend of lack of planning and management which is resulting in into the encroachment of obama fabrics in the reserve special regions. Which of course will lillian do like. Unsustainable increase in population so. Mary site at that time was a jolly to study. The growth rate of how abundance are being used and house do some forecasts to inform the decisions of obama's and the relevant stakeholders so that they can adequately prepare to do the abound growth and influx of people from the radovan area. Basically so i live in los angeles california in the us. It's a very urbanized place. And i don't think there's any even an inch of land that isn't accounted for. So if you want to do something here. It has to be planned out and bureaucratic and things like that. Which i guess in some ways makes it predictable. How much predictability is there. In the way the the landscape is changing in the data set. You looked at well. I think that's a very difficult question. Because download the dust is available out there for land use in israeli in africa and elect to discuss about this in detail because gives us at a rally used to make predictions are that classify land based on land use was outside africa and i said that aside from europe. So but you give up presented data set or the Provided deducted jolly had disclaimed that did was representative gone from different parts of the world from developing countries from transgenic countries on developed countries. So based on this information so we used to sit and that trained a modell that will dictate different kinds of lung categories
Glorious Goodwood: A Review
"Gonna talk about some of the big talking points from the last seven days firstly old touch upon something that you alluded to in your monday column late and that was the atmosphere at goodwood. Amort what you think. It means for racing funds going forward. Just shed some light on how you found edward over the past week. And what you sort of uncovered why exposed into a family is slightly slightly difficult for me. Because a the price we spend most of our time at any rate scores in the press room. I'm particularly good. Yo yo an elevated pressroom above Abetting all really see a huge part from when you gain today the winners and clashes got quote. You really get the the whole rice gore experience but experience for some rice goes particularly on friday was definitely Very disagreeable a fight broke out before the the final race on friday. I spoke to my acre bo. Brown of western racing. Who had a vantage point of everything that went on pretty much. Assume is it full guy started laying into two other guys and two guys joined the four guys who is six onto a scrap in. Shoot that In front of the grand stands that then concluded the the the two guys who'd been bashed around my she got up a burst themselves down them. One of the six guys were stood by bose betting pitch to which another guy approached him and said that was brave of you. Six two and the guy who said i got punched very hard. Indeed landed on the tarmac with his head making com contact with the tarmac There was a lot of blood bo- and other people who are on the scene said it took a long time will too long in their opinion for security to get them from medics please to get there in the end. The guy for some reason didn't want to press charges after he got up and recovered as possessing tara his decision but The culprit was arrested. Anna case will go on from there. It's not the first time an incident happened at good. This certainly wasn't the worst three years ago. Nine people ended up getting prison sentences after a mass brawl at the race. Course we've seen similar disturbances at newbury in the not too distant past a tool and i think i i just reference in in my column on monday and some collins connect with people some. This one is at an awful lot of feedback with many other people expressing their concern the atmosphere on race cool particularly on days with with big crowds the summa flat festivals People greatly concerned about alcohol. Consumption greatly concerned about drug. Taking on the racecourse in the racecourse toilets even though the sniffer dogs big rice. He's not including at goodwood on sats minute carries on at people talking about the mother is schools is where they have found the atmosphere unacceptable. And of course the danger is not only as a lot of the behavior. That's going on Illegal and very concerning but it will alienate the audience within horse race and that goes racing to watch
Two College Football Powerhouses, an Angry Commissioner, and the Big 12's Uncertain Future
"So max. It's early august college. Football season is still about a month. Away has the news of the past. Few days really destroyed your final quiet days of summer. Yes certainly while to think that you know. Usually in in her line of work media days tend to kind of be that starting point for us of it's all downhill from there and coincidentally the big twelve just had their media days in arlington texas. A couple of weeks ago. Not a word was mentioned of realignment or fears of realignment or of texas and oklahoma being on the way out or on the fence or anything and so forever to go through all that sort of polite typical preseason talk and stuff and then within a week the world finds out about the scheme that texas and oklahoma had in the works clearly for quite a while here pretty jarring just for everybody. Well the reason why we brought you on. Max is to explain what in the world is going on in the big twelve and also these claims being made against espn and what to make of all of this. So let's start here. Can you describe how important the two teams that will be leaving. The big twelve texas and oklahoma are to this conference. It's really hard to some. How much texas. And oklahoma mean to the big twelve from a financial standpoint from just sort of a brand perception standpoint. These are the two powerhouses of the conference. They are always the two programs that rate the highest in recruiting the get the best players square. Marvin talented fresca. Certainly texas has struggled to win in a big way over the last decade. Despite having so many good players but oklahoma's one six street conference titles is the big twelve champion for the sixth year in a row for the fourteenth time in the twenty five year. History of this conference. These are kind of the tent poles of the conference there. The top of the food chain here in this ten team league and you know the money. They bring in benefits everybody in this conference.
Rays Top Red Sox 3-2 for 3-Game Sweep, Widen Lead in East
"The rays have hiked their lead in the AL east to one and a half games over the red Sox Brendon Lau socked a two run Homer Manuel Margot added an RBI single is to raise completed a three game sweep of Boston three to two J. McClanahan allowed one run and four hits over six innings to move to five M. four rating game hello yeah we were very excited about you know the series sweep in yellow away every once in plant so I think it was it was awesome energy he out dueled Nick Pivetta who was reached for three runs over four two thirds hunter Renfroe homered for the Sox who put runners on first and third with two out in the night before Matt Whistler preserve the victory the red Sox have lost a season high four straight and five of six on the ferry
Europe's vaccine passes reveal some pockets of resistance
"Protests have erupted throughout France and Italy in response to plans to require vaccination cards to attend everyday public places like cafes restaurants and sports events the cost of the green posthumously and the health possum from thirteen necessary by the government to be specs nation rates and persuade the undecided and it seems the plan is working with vaccination request beaming in both countries still there are pockets of resistance by those who see it as a violation of civil liberties we'll have concerns about vaccine safety about thirty thousand people protested in cities across the city last week while thousands of miles to Paris for the past three weekends at times clashing with police I'm Karen Thomas
Fully Vaccinated Can Spread Coronavirus Delta Variant, Says CDC
"Pouring in after a CDC report says vaccinated people can spread the delta variant at the same rate as the unvaccinated. The White House is trying to make sure that people who are vaccinated don't spread variants of this virus to those people who have yet to get the shot The CDC, of course, dealing with all this new guidance that's been coming out ever since. The Delta variant has really dominated what's going on in hospitals nationwide. It's essentially recommending millions of people, regardless of that. Nation status. Now we're mass endorsed. But remember, this is not a federal order. Instead, it's up to states and individual cities to decide how to proceed. The CDC says its recommendation was updated to ensure the vaccinated public would not unknowingly transmit the virus to others, including their unvaccinated or immuno compromised. Loved ones.
"rates" Discussed on Uncensored Direct Marketing
"When you're working with your account provider i will be talking to you about which one is best and ways to save your precious dollars so you can obviously use it for marketing and other purposes So without further ado let me explain a little bit more. About what type of rates exist out there. The typical ones that you'll hear about so the first one is a flat rate. So it's just one rate for a transaction for example stripe pay pal Square they offer this type of pricing and they essentially charged a flat fee and a transaction fee per transaction. Then we have something called three tier pricing so a lot of merchant account providers About you know a couple years back and earlier they used to have three major categories that transaction can fall in and then they would rate each category or put each transaction within one of those buckets. And that's what type of pricing you get. Either one of nine two seven nine three seven nine for example percent for each transaction depending on the car type And just recently or more recent trend has emerged and it seems to be you know talked about a little bit more and seems to be a little bit more transparent for more merchants That's interchange plus or you might hear it as cost plus so. That's the actual cost from visa or mastercard or whichever card association that we're talking about plus a percentage fee that goes to the processor and everybody else that's involved in terms of the processing of transactions. So let me explain a little bit more. What is interchange. So i'm going to read the definition very simply so everybody can understand it. And i'll go into it a little bit further just for the purposes of you understanding what that means and how it impacts your business so interchange sometimes referred to as the interchange rate is the amount that the card processors are required to pay card issuers financial financial institutions for each credit card transaction. An interchange rate is set by the credit card brand. Say visa or mastercard. Outside of the control of card processors these rates are set as a percentage of every transaction and can differ based on how a credit card is used for the transaction. This is to say that a corporate credit card that makes a chip and pin transaction may have a different interchange rate then a recurring payment made by a consumer credit card. So i mean what. Essentially all that stuff means that each card and each card type and then depending on The type of product that you buy we'll have a different price. There's tons of interchange categories It can get confusing. So there's really no need to kind of get the nitty gritty. You just have to know for example. Debit cards are cheaper to process than business. Cards or foreign cards. So that's the important thing the more debited the consumer level cards. That you get the better. It is for you in terms of cost. Especially if you're working with an interchange plus pricing So how does it work..
"rates" Discussed on Who Invited Her?
"All you got little second like michael's craft store daisies in your goddamn here like speaking. A meal was watching the lip sync battle. Really just between strangely unnerving because of the outfits you've got like like monsters inc. Yeah i like you're in iowa. Anything could have been happening. Could not be a two different lip. Syncs like they were so it was like watching two different songs it was because it was tina burner and it was utica in the bottom lip sync against each other and i think they call it. You're right roz. Tina burner burned out. She burned out and it was time for her to go keno. Can i interject announcing the episode yet. But i saw on tiktok. Which is my platform of choice. These days that somebody who knows tina burner goes to a lot of her shows and everything was saying that like this is out of left field like the orange and red and yellow thing is not like what she is new york if you go to a tina burner show. It's not like that. She's never worn these colors before it's completely like fabricated for the show or did she under this thing that some of the queen's do is go into the show and want to produce themselves and say this is how i want to present myself. This is gonna be the branding and it's totally different than maybe what they do. In their hometown. She does take things very literal so maybe she was just like burner fire. That's what i'm gonna do. And if i i actually thought her lip sync was better than i agree with anybody. Humps and it was my humps. Perfect it was so perfect like gyrating like on the floor houses. This is hilarious. But her was bad this week. It was bad. We don't top the top. The winner was someone who very much deserved it with in place making those two. How many wins this manhattan. A lot. i think this is four lines or four. Yeah she did great. I mean her branding and her acting. It was so good in natural and then so it was a monster themed runway and she came out in a full on fox. Foxy lady literally like a furry fox head to toe and had like hoop earrings daisy. Dukes thanks like he'll he'll he'll. It was amazingly good and then you had rosetta. Who came out in that delve. The red devils early on rate it was cool and throw was really good. I think i thought resonated did a great job. Yeah yeah it was a very well deserved for the two of them both. They both one actually right. They both one. Yeah it was just one this double win. Yeah that keeps coming out of her. Shell being very like been very brand kind of like tina turner on brand and this i think was a little bit more of a exploration over meeting side..
"rates" Discussed on Who Invited Her?
"I didn't know they already started building. It that's going to be cau-. He showed me photos of a of like they had like. A drone sheds has photos. You can google. It was lorenzo baca sock. Okay thank you. So that's a good. That's a good reason to just get out of tokyo visit. It looks great way. I wanna go. I really do wanna go. I mean yeah. It just looks so cool but speaking of lorenzo that you lorenzo and us we got. We went saturday. Miss mariam steve harty first-strike show. I had been in probably a year. Wow good ones oh god. It was the daily paris out dot paris one of the local queens here who is general manager for inside how she rarely performs in she was out mariam st party performing in gwen i tell you she was amazing it was there she had pyrotechnics. It was i. It was insane like number. Oh it was so good. It was good all the queen's and founded podcast in front of the park has daniels two. yeah her now they all did really really show put put a good show on this time..
"rates" Discussed on Who Invited Her?
"Really just about travel and equipping out. Listen as with two kids so they can get mates rates all the time you know you guys both have such good personalities that come through the cows which makes like getting that information even finer mean especially when it's coming from to people who wouldn't want to sit down and chat with and listen to so idea aiming for we're like i approached this. I was like. Would you be interested in recording a podcast with me. Because you're funny and you bring it out of me because you've known me for so long you knows half the scandal stuff that happened before i even got to america all the gears secrets and he knows what buttons to push to get that out of me so it really works and i'm like you gotta have a co-host that does that bash. Who just crazy knows it to say. Just make good radio. Bash bash the question. No no. i'm. I'm just sitting here in fucking listening to you. We always do out bad well. So i lot of people are going in tune in wanting to know the four one especially now in cova times. So let's start there. And i know eric is old. I know she's like i'm thinking talking about box no eric's planning a trip coming up and he's fully vaccinated and all that so. I'm sure there's a bunch of other people that are going to be listening. Who are in the same voters and they're wondering. Is it safe to travel. And if i do need to travel or decide to go on and trip in kobe times. What do i need to do. What do i need to watch out for all of that good stuff. I actually listened to several episodes before. I started like considering traveling. I want to know like what what what are. You need to know like what's happening. What's going on the other side so super helpful but take it away. Ross tells against starts off with what your definition of safe is as well right because that is the first thing that everyone considers safety differently. So i actually went to believe recently and i wasn't vaccinated yet. Okay so i went there to experience. Pandemic travel Thing that you can really be a travel agent. Sal travel if you have not gone and done it yourself very very believer and you have to do what you're selling right so safety we we actually rent some polls on the podcast as well in the polls where what do people deem as safe and opinions on not infecting others. So people felt that it was their diligent due diligence. To not as far as safety to not travel they would not others whereas other people were like no the safeties on the other person not to harm me so in hotels. People not wearing masks people. Not following the rules We actually had one of our listeners. Tell us about a flight that she was on a delta flight and somebody will the mosque to board the plane.
"rates" Discussed on Who Invited Her?
"To see you. Tony and for our podcast. Since she got a haircut looks very nice. I thank you and he's back. Eric is not to say. I have a sweat stain. Look at that. Isn't that the sexiest. So very very sexy. And the man running the show making the gray producer. Rob is here. Oh i'm sorry. I don't well rob just bring show just i'm here to mt is off this week. She is a busy lady. That woman is working working working working but we have a very special guest. She's friend of the podcast. Been on a few times. Whereas i o ask arise she is gonna join us for the whole episode. Iras i guys. I like when you're on it so much fun gay but this time we're going to talk him travel. But you started a podcast deeds. You're in the podcast we're joined. I joined the podcasts world. And it is. It's been exciting but it's been really great just actually talking about travel and putting it somewhere so that people can finding the nation if they wanted and access you know there are people that want to travel on their own people that want help. And then there's you know putting that into a podcast and providing that to somebody. Listen i enjoy it because my co host. Adam is also in travel. We've known each other for like fifteen years and it's connecting with him every week and recording and we laugh along the way and it's yeah it's like this this is fun and informative data if we're really informative on you much information about you don't want to know. So what is the name of the podcast and give our audience the rundown of what they could expect when they tune into you guys avenue. So it's mates rates podcasts. And we are to ustralian travel professionals just wanting to goodness shoot the shit with each other because we're really great friends but talk about travel while we're doing it and each episode has a theme so we started off with pandemic travel because that is what everybody wants to know about and we had to stop veering away from that because at the beginning like we have to record one more episode about colin. I'm gonna crazy who is so many other things. We started this like how to get cheap. Flights how did not get caught out by change fees and their differences. You know and then there's all the covert rules. And then there's like eric. Because eric will be on paul eventually. We're going to be doing like gay friendly and what to look out for Adam is really great with points so if you have credit card points and things like that animates expert. I and business. Because he's the man. Adam is a corporate source close business. I am the alleged back tackle person together and have this like you know ebb and flow..
"rates" Discussed on Money For the Rest of Us
"But turkey is also in a mess right now as i mentioned their currency is weakening and one thing that can debate is if a country. Central bank doesn't their interest rates to hopefully strengthen the currency by raising their policy rate which will flow through other longer term interest rates that can attract more capital into a country and that capital can hopefully heap the currency from weakening further a big contributor to the lira crisis and turkey was too low and too much borrowing earlier this year in order to combat the economic slowdown to the covid. Nineteen pandemic state run banks and turkey flooded the market with cheap loans. There was a credit boom. The biggest in a decade which means households and businesses got access to capital much of with got span unim- ports and it led to a huge current account deficit. There was more goods and services coming in the were being exported the current account deficit as a percent. Gdp got to over twenty percent about a year ago. It wasn't that bad. Because two years ago in two thousand eighteen turkey also had a crisis with the lira where it was weakening dramatically and the central bank raise rates extremely high. But they didn't do it this time yet. And as a result foreign investors got concern has started pulling capital out net weakened the currency even further. There's also been geopolitical risk. Turkey has had disputes with greece. Turkey has occupied portions of northeastern syria and has invaded some of iraq. It's intervened and libya's civil war president erhtan said that he's fulfilling a promise to quote. Go and confront problems. Wherever they nest inflation in turkey due to the weakening lira is up twelve percent year over year but the policy rate for the central bank of turkey is only eight point two five percent. That's down from twenty four percent about a year ago to fight the last currency crisis with different about turkey though is their national debt is much lower only about twenty nine percent of gross domestic product compared to one hundred and fifty percent for lebanon yet forty percent of businesses in turkey have loans in foreign currency so as the currency weekends it becomes more difficult for those companies to pay back those loans even though the debt balances are low moody's downgraded turkey's national debt..
"rates" Discussed on WSJ What's News
"The Federal Reserve's policy meetings are a barometer on the state of the economy at virtual press conference this afternoon Fed Chair Jerome Powell, said he's not expecting to move the needle on near zero interest rates for at least a year, and a half the extent of the downturn, and the pace of recovery remain extraordinarily uncertain and will depend in large part on our success in containing the virus. We all want to get back to normal, but a full recovery is unlikely to occur until people are confident that it is safe to re engage in a broad range of activities. Joining me now with more analysis is Wall Street Journal chief. Economics commentator Greg Hip. Greg. It was expected that the would keep rates steady and fed chair. Jerome Powell said as much that the Fed will not increase rates through the year twenty twenty two. Is that longer than we had expected? I think that's about as what was expected. Mean it's more or less than markets had not expected any rate increase for the next year or two, perhaps even more important was that the Fed chairman said they're going to be continuing to buy treasury bonds at a pace of about twenty billion dollars a week for the foreseeable future they had not actually given much guidance in before about when that would stop so by continuing to buy treasury bonds, they keep long term interest rates low that helps keep things like mortgage rates low, and as additional support to the economy and observers were keeping a eye on the Fed's projections for the rest of the year. Greg, what are the major takeaways there? Well, the feds forecast is very similar to many private sector forecasts are expecting the economy to shrink six and a half percent this year, and only partially rebound next year to five percent, and you see the same thing in their unemployment rate projections, the unemployment rate falling from over thirteen percent now to nine point three percent at the end of this year and six point five percent at the end. End of next year now on the one hand that's positive because we're making progress, but I think it still represents a pretty significant reversal. Disappointment compared. We were just a few months ago when the unemployment rate was the lowest since nineteen sixties at around three and a half percent Powell has repeatedly said the Fed will use every tool at its disposal to help the recovery how those tools been working? While lowering interest rates, zero had the desired effect of bringing down other interest rates such as on mortgage rates, their purchases of bonds of help, calm markets down. You don't see the same degree volatility, and then there are other plans to perhaps by corporate bonds and other securities and lend to private companies, those having progress nearly as far in fact, some of the programs, even off the ground yet, but the mere fact. Fact that investors know those programs are available seems to have imparted certain degree of stability, but chair Powell is clear today that a lot of the work that needs to be done and getting the economy fully back on its feet is in the domain of Congress in the in in the White House Greg. The challenges ahead are many and I. Think Average Americans are wondering just how long the recovery will take. Well it probably depends on how you define recovery, if defend recovery as simply getting better well, things are already getting better if you define recovery as unemployment getting back to where it was same February, that could several years more. I think one of the key takeaways of chair Powell's remarks today was that we're in a period of enormous uncertainty. Nobody expected the employment report for May to show an increase in jobs, so that means that we should be prepared for surprises both active and positive surprises in the months ahead, and not be have our minds to made up about just how strong and weak recovery will be. That's wall journal Chief Economics Commentator Greg Greg.
"rates" Discussed on Marketplace Morning Report with David Brancaccio
"Looking for work because you're now stuck at home with the kids who are out of school. You may not count as quote unemployed. I'm David Brancaccio. The state by State. Tally is out and we now tell you that. Three point two million people signed up for unemployment benefits in the last week only in a covert economy. Would that be considered an improvement? Let's get the expertise of the chief. Economist at the tax advisory Firm Grant Thornton. Diane swonk good morning to you. Good morning all right. So the new data today terrible again but less than previous weeks that suggests may be a peak in these unemployment filings. Well the week that we looked at me second that included some the very beginning of people being called back to work with the PPP those payroll protection plan loans in that week and so we could be starting to see the very initial impact of that. Of course they only include eight weeks. You pay so. We'll see how that plays out in. May All right. Tomorrow is the official unemployment rate for the month of April. You're thinking something maybe near seventeen percent. Yeah it's devastating and that's GONNA understate the actual number of unemployed because many people actually when they're unemployed don't get classified as unemployed if they're not looking for a job and in fact that the numbers were never meant to reflect an economy that was in lockdown and looks for a job when the economy is in lockdown and so I think it will include many people. It's a five week survey and it will include many people who haven't looked for a job in last five weeks. You'll also see a lot in People participating in the labor force particularly among parents their home taking care of children because without schools open they don't have daycare and they literally can't return to work. This is going to be one of the hardest nuts to crack. We try to reopen. The economy is the number of people who don't have any place to have their kids. Go and especially distancing environment then I hear your point they might have told surveyors. I'm no longer looking for work. Therefore they're not part of the labor force therefore they would show up in these standard unemployment rate exactly which is why we have other measures of unemployment and they're really popular looking at. They're called you six instead of the youth three and it includes some of these workers and it's really important to look at the difference between the two. That number could come close to twenty five percent certainly over twenty percent. And that's really important because it's a stress measure of unemployment in the US. Economy includes workers forced to go part time instead of full-time. Just because hours were reduced many workers that were salaried workers are now getting their hours reduced. This is really important right now because those numbers were now in depression era level unemployment rates. Diane swonk at the tax advisory Firm Grant Thornton the chief economist. There thank you thank you. Facebook now has impaneled. Its Own Internal Supreme Court twenty people with power to away tricky decisions of free speech versus harmful content. Here's marketplace's Nova suffer. Facebook committed to creating oversight board two years ago a day after the New York Times investigative report about facebook's handling of high profile incidents such as Russian interference in the two thousand sixteen presidential race. The company has been criticized for past content moderation decisions and has denied accusations that it more heavily targets conservative leading posts for removal. The Oversight Board is starting with members and will grow to forty members include a former prime minister of Denmark or human rights judge and a winner of Nobel Peace Prize the decide some of the thorniest issues surrounding content moderation on facebook and its sibling site instagram. Such as hate speech harassment's safety and privacy the boards for co-chair say their decisions will be final and binding it's funded through a one hundred. Thirty million dollar trust set up by facebook and is supposed to operate independently. I'm Nova Sophal for marketplace people living in the US without papers do not get the Kovic. Nineteen stimulus payments. Many working industries hit especially hard. By the virus. Marketplace's personal finance reporters Samantha. Fields is tracking. This Hey Sam Hi David. Do we have any early? Accounting for how many undocumented people have lost jobs I have not seen any numbers specifically look at how many undocumented people have lost jobs but we do know as you said that a lot of undocumented immigrants working industries that have been hit really hard by all the a shelter in place orders one statistic that really stood out to me is that ten percent of restaurant workers nationwide undocumented and in big cities like New York and La that number is likely closer to forty percent and then a lot of other people work in industries like childcare construction other hospitality kinds of jobs that have also been hit really hard and without papers one is not eligible for unemployment benefits. Correct that is correct. Same is true for stimulus checks. If you do not have a social security number you are not eligible for stimulus check. Some advocates are trying to change that. Even some Democrats in the house have been pushing for an Itin number which is an individual taxpayer identification number. That's the number that undocumented immigrants and other immigrants without social security numbers us to pay taxes to be able to get unemployment or stimulus checks but that has not happened yet. States could do this on their own. They could offer some form of cash assistance to those who are undocumented or anyone who has an Itin California has moved to do this but far they are the only state that is doing that. And you've been talking to people are people getting by who may be undocumented. Basically there are Kinda two options one is. They're getting by on savings and the other is that there are a number of funds that are popping up grassroots funds to specifically help undocumented immigrants who have lost work but even with funds of several hundred thousand dollars there only able to give out grants of a couple of hundred dollars. Because there's just not enough money to go around but even though those grants are small to a lot of people you know it's groceries. I met this one woman named Ana who had lost her job at a restaurant in New York and just had already run through her savings after having an injury. You're so ago she found this grant and she applied and she was just praying that they would be able to help her at all and when she got the notice a couple of days later that they were giving her two hundred dollars it made her feel for the first time in weeks like maybe she will be able to survive this. She said she bought two bags of chicken. A few bags of beans a huge bag of rice and some oil and she thinks that will get her by for the next few weeks or marketplace's Samantha. Fields. Thank you very much. Thanks David Sinclair. Broadcast Group has been hit with a record fine from the Federal Communications Commission. The conservative outlet has to pay forty eight million dollars to close three investigations. Marketplace's Nancy Marshall Genzer reports Sinclair owns almost two hundred local. Tv stations in eighty nine markets. It wanted to by a group of stations owned by Tribune media. Which would have made sinclair a powerhouse. With a network stretching coast to coast the conservative broadcaster was criticized for requiring local newscasters to read a statement on air in twenty eighteen condemning. Fake News to get the merger approved sinclair needed to sell some stations to stay under federal cap on the size of its national audience. The FCC was worried that Sinclair would keep control of those stations even after they were sold the FCC fine closes the investigation into that along with probes of Sinclair's disclosure of information about the merger and its failure to identify the sponsor of some of its content in a statement sinclair thanked FCC. Staffers for their diligence. In reaching a resolution the proposed merger with Tribune fell apart with sinclair and tribune suing each other. I'm Nancy Marshall Genzer for marketplace and nicely done new people. We've been hearing from folks who refresh their economic understanding by reading and finishing the Free Textbook. We linked to as part of our economy extra credit project people like Arthur Schwope a retired engineer and concord mass. A highlight for him was what economists call natural experiments where one place tries policy in another doesn't racine that in the pandemic where we have a different states. Try Different approaches. Different countries trying different approaches. So the book just In the subjects got more and more interesting and more and more applicable as the time went on.
"rates" Discussed on WSJ Your Money Briefing
"The journal is a new podcast from Gimblett media and the Wall Street Journal About Money Business Empower on this show we show you how a company's bottom line affects the decisions you make every day Google's entire future is predicated on it continuing to be the one place you go for the answer to all information we follow the money and see where it takes us this is one of the biggest financial heist that has ever happened period the journal is out now on spotify or wherever you get your podcasts sponsored by Merrill and Lincoln here's your money briefing. Im Jr whalen at the Wall Street Journal in New York the Federal Reserve has been dropping interest rates but mortgage rates have not and moving in lockstep we'll find out why in a moment I some money and market news you should know social security recipients will see an additional twenty four dollars in there checks next year that's a one point six percent increase but for many seniors about a third of that will go toward a roughly nine dollar monthly jump and Medicare part B. Dispenses those covered doctors visits and other types of outpatient care a steep drop in income can not only affect your wallet but your heart is well a study of nine thousand And people found a correlation between an income drop of more than fifty percents and higher risk of cardiovascular disease the study published in the Journal of the American medical associate Asian revealed that those who had suffered an income dropped between the late nineteen eighty s in the mid nineteen ninety s were much more likely to suffer heart problems over the next two decades the it included strokes and fatal heart attacks the study also found a more than fifty percent income rise was associated with a lower risk of cardiovascular disease he's the journal is a new podcast from Gimblett media and the Wall Street Journal about business power on this show we show you how companies bottom line affects the decisions you make every day. Google's entire future is predicated on it continuing to be the one place you go for the answer to all information we follow the money and see where it takes us this is one of the biggest financial heist that has ever happened period the journal out now on spotify or wherever you get your podcasts sponsored by Merrill and linked in the mortgage rates usually fall as interest rates fall but even though the Federal Reserve lowered interest rates in July and is expected lower them again by December mortgage rates have not followed them Lower Wall Street Journal reporter Ben Ice and is here to explain what's keeping mortgage rates from falling so bad the average thirty year fixed rate for mortgage for this week the week of October fourth it's about three and a half percent is it common for mortgage rates not to move in lockstep with interest rates what you see generally is that the thirty year fixed rate mortgage tends to track most closely the ten year treasury yield and the ten year treasury yield has been falling a lot over the last few months you know in part because of the Federal Reserve's decision to lower interest rates and sort of the economic factors around it and as a result you'd expect that the thirty year fixed rate mortgage would the rate on that would would fall just as much and while it has fallen it just really hasn't fallen the nearly as much as a whole at all so it's it's kind of barely budged even though you've seen sort of the benchmark attracts go down a lot but traditionally when we've seen interest rate reduction the way that we have seen mortgage rates typically do fall at an a more precipitous rate than we're seeing now it sort of depends on the time period and it depends really on you know how much lenders are sort of going after business they're sort of really aggressively pursuing business they often lower rates you know in locks stop is sort of as great as aggressively as they can't try to attract borrowers but what you're seeing here is a little bit different because wonders if anything are sort of overwhelmed demand rates have fallen enough that it's bringing in all of these folks who want to refinance their loans but but but lenders have really haven't kind of scaled up their businesses they caught back the last year and I've been really hired a tremendous number of people and because of that they're sort of overwhelmed by demand so when you look at the economics of the business what they're doing is they're kind of keeping rates a little bit higher to manage that demand which might mean like doing less loans but at the same time they're earning more alone because of the higher rate and they're seeing a stronger demand and mortgages and refinancings currently yeah it's definitely been up a lot this year I mean it's important to note that mortgage rates have fallen a lot more slowly than treasury deals but they have fallen and that's been a boon to folks who you know might have bought a home last year when rates were near five percent and now they're less than four point sense oh you know people still want to refinance and they're kind of lining up to do so but they just might not get quite as low as they as they I expect going in but is there a perception problem here borrowers hear all this talk about lower interest rates and then they see mortgage rates not budging even though they have come down but they're or not they don't seem to be moving as quickly as interest rates have come down and that keeps the housing industry sort of in check in its he housing industry is not heating up as a result yeah I mean I think this is definitely one factor that's kind of kept a lid on the housing market you've seen home price growth start to cool over the last year you've seen sales be kind of lackluster her and you know one factor in that is is that you know rates wile low are not you know so low that it would be a crime not to buy a house ah there are a little bit higher than sort of you might expect given how well the the the Treasury yield is now you mentioned the lending companies are trying to make some money to bring their staffing up but they also need uncleaner investors but I I think what you see here and we'll have to see how third quarter earnings come out for you know the big banks with large mortgage operations in the big non bank lenders but you know even though they might be making fewer loans and they could if rates were lower they lowered rates more they are making probably more per loan because of sort of that differ mentioned that's widening between their cost of funding and the the the rate that they're charging on a loan now earlier we said the average thirty year fixed mortgage rate is about three and a half percent and that means that there are lower mortgage rates out there how can perspective bar were find attractive rates there are a lot of resources online that you can check out sites such as bankrate.com will tend to list what all the different bunch of different lenders are offering important to note though that you need you do need to go to the actual like to find out what the exact rate is the rate they advertise might differ depending on your credit score or other factors that kind of go into the rate in enough where Your Bank might match another rate that you find elsewhere it depends so there's some wiggle room for negotiation and how much do they want your business there may be there may be some wiggle room but but sort of as we noted at the outset this is sort of a time where lenders kind of have the upper hand just because there is so much demand and that kind of May may may make it a bit more difficult to to negotiate all right so the key here is shop around that's Wall Street Journal reporter Ben is here in our Studio Ben Thanks for coming on the show..
"rates" Discussed on Marketplace with Kai Ryssdal
"This next story while it's an interview actual is proof once again if we still needed it that any industry is ripe for disruption eyeglasses razor blades taxis also sewing and if you're thinking breaking out the old sewing machine at home a paper pattern laid out on the table pieces of cut up fabric fabric all over the place. Zoe Washington would like to disabuse you of that notion. She's a fashion journalist also the founder of so squad. Se W. S. Q. U. A. The squad welcome to the program. Thank you so much for having me so you've been a fashion journalist for for awhile right like ten years I have I have I've been in fashion. since the year two two thousand I started at Cosmopolitan magazine quickly went up the hearst ladder and have been in fashion ever since I made the transition over to digital media about three years ago when I was the fashion director at Britten Co okay so what is it that you saw in your experience that made you say you know. There is a business model to be had in sewing patterns and people producing their own stuff. You know I mean like most most people in fashion. I was really enamored with the idea of sowing at a young age and when I was a teenager I would often go to traditional sort of craft stores the michaels the Joann Fabrics and I wouldn't see much you know in the isles that looked like me that reflected me and so I was sort of surprised you you know as I've been going through fashion as an editor and writer and stylist that that had not been addressed and I really think that there's just such a dearth of product out there for were teenagers and tweens and what we WanNa do is really take that same sense of curiosity and excitement about style and translate it to something that's a little bit more more traditional and vice versa take the traditional idea of sewing and bring into the digital era right and give some aware when they're instagram and all the time right fundamental yeah right right so so you sent us some stuff it's it's a package with the brand new up on tops says so squad and it is create your own classic T. Super Simple sewing project new machine necessary. I'm going to open it up. I WANNA talk what we're going through here so so in real time as I do this you know I remember my mom. When I was a kid she would get sewing patterns like on that flimsy tissue material and she laid out on the dining room table and pin it the fabric and ah she's probably listening to this. She will certainly correct me in a phone call as soon as she hears it but I don't recall her ever wearing anything that she made but that's I guess that's my mom. That's not that's not this all all right so okay all right so here's here's the fabric in the paper. you need a tape measure and it is the basic idea is still the same. I mean you supply the fabric you laid out and and your clip and so is at the deal you hear. The basic idea is still the same. It's really just a new interpretation of it. You know it's really difficult. If ever I mean if you ever went past just watching your mom makes you missed out but you know sometimes when they can be intimidating and the eared entry to try in in your own sewing seems really high because it's very confusing. There's you know sometimes they're in French and there's multiple sizing and there's a lot of sort of inside baseball. Speak when you open up a traditional sewing pattern and so what we wanted to do is to really take a lot of the things that I learned as an editor and as a stylist and fashion writer her which is to be very direct very visual to be dynamic and to show how you can style some of the clothes that you make and simplify some of these ideas into something that's very very easy to use and fun to wear and that you can create depending on your skill level rather quickly and even if it takes you a while it's just a simple thing that you can pair hair into your outfit so this is great actually and and you're not kidding when you were talking you know fundamentals and everything 'cause item one on on one of these sheets. I have in front me. Now is how to threaten needle. Step one get a sewing needle. Yes I mean you know the one very important and that's something that we really learned working working with a lot of young teens and tweens which is again. If we'RE GONNA say we're a beginner friendly. We have to be begin a friendly and you'd be surprised how many people adults included would have never really tried selling because they didn't quite know how to threadneedle totally totally so who makes the fashion and styling decision that you then put into these envelopes and send out to your I guess subscribers right or or you put them on the shelf at Joanne. How do I get one of these things you can go straight to so squad. Dot Com we sell them right now on our site and we do drops every season or so I'm lucky enough to be somebody who goes to market appointments and is able to see what designers diners are making six months ahead of time and I I know what's going on you know and what we like to do is take all of that and think to ourselves okay. What can our customer make on their own. What would they want to make what silhouette would they find very wearable and very interesting but maybe they just haven't figured out how to use it yet for sure so about you and this business. Are you gonNA now. Leave fashioned style journalism and be an entrepreneur. I mean what's the plan. All you know there's a lot of things that are I mean. If you WANNA get in deep yeah that'd be great. it depends on how successful this segment. Sigmund goes I would love I would love that my passion is with style and fashion and discovering covering your own sense of self through the art fashion but so squad is definitely my number one goal and I am really excited for it because I think it really fills the gap that has yet to be addressed in this market. Zoe Washington company called so squad in her spare time. I guess she does this while she's not doing fashion journalism so he thanks a lot. I appreciate your time. Thank you so much for having me. This is one of those were visuals help. Check out that kit we were talking about me and Zoe at marketplace.
"rates" Discussed on Marketplace with Kai Ryssdal
"Coming up and there's a lot of sort of inside baseball speak when you open up a traditional sewing pattern thank disrupting. DIY clothing but first. Let's do the numbers. Dow Industrial's up forty five points today about ten percent twenty seven thousand one eighty a two the Nasdaq rose twenty four point three tenths percent eighty-one ninety four the S. and P. Five Hundred Bank eight points about two tenths percent three zero zero nine three thousand nine on that particular Knicks heard about Walmart expansion of the grocery delivery World Walmart stock up three quarters of one percent today. One company's debut on the big board was less than stellar on this Thursday shares in the teeth alignment companies smiled direct club swooned twenty seven percent on its first day of trading out bonds fell yield on the ten year. Treasury note rose to one point seven eight percent. It was like three weeks ago right that it was one point four something you're listening to marketplace. This marketplace. PODCAST is brought to you by Kronos. Rana's Cronos knows that hiring retaining a modern workforce of salaried hourly full and part-time workers can be challenging especially in today's competitive job market. That's why Cronos puts. HR payroll talent and time in one place so HR professionals supporting a blended workforce have all the tools they need to engage and motivate people every step of the way learn more at Cronos dot com slash HR swagger kronos workforce innovation that works and by the Maryland Marketing Partnership. If talent that means everything to Your Business Think Maryland home of the nation's highest concentration of stem workers there are talented workforce is fueled by an award-winning education system and some of the nation's nation's best universities with reasonable living costs a diverse population and endless opportunities to grow and explorer. It's a place where workers want to be but talent isn't all all that Maryland offers business when it comes to location. Maryland pushed the world's most influential people and companies right at your fingertips Washington. DC is right next door New York City a short short train ride away with a workers. You need a location. You can't beat Maryland makes for a smart investment. Make your move at Open Dot Maryland Dot Gov. This is marketplace. I'm Kai Ryssdal. We come now to the MEA. Culpa part of the program kind self inflicted. Actually we asked the other day what you think of when you hear the word word recession and in particular when you hear a lot about a possible recession in the news. What do you think of that. Hi My name's Ian Picard on from Boca Raton Florida the media. I think we'll see a headline recession and the want people to think of the most recent recession because that drives viewership in the most recent recession happens to be very bad one that caused a lot of people to change their conditioning about how to act in the financial world so show keep people scared and they'll keep watching and that's what the media wants. My name is Annabel foray from Lakewood Colorado when I hear the red recession my reaction depends upon the source when I hear it from commercial media wherever online or TV or radio well they seemed to be so driven to sensationalize everything that I take it all with a grain of salt and upset that all of you seem to be trying to bring us down into a recession hi. My name is Mitchell Bentley and I'm from Memphis Tennessee. If you look at some of the headlines You probably think that the world was about to end Mike and see why anyone would think that with the trade war and the R. Word kind of acts like a cherry on top when I hear the media saying that a recession is coming though I don't get that worried I was taught that when you invest you should do it for the long term. I think that when you're investing time line is for ten twenty and forty years any fluctuations nations down or up. We'll come out in the wash and it won't last forever. Let us know what you're thinking about would you when you hear the word recession here or elsewhere hit us up at marketplace dot org were at marketplace on twitter. You can get me at Cairo's Del K. I. R. Whiteness.
"rates" Discussed on Marketplace with Kai Ryssdal
"There was a thing I used to do on this program a couple of years ago when inflation numbers came out numbers that were at the time invariably soft. There just wasn't much inflation at All so inflation I would say is really dead. It's just mostly dead princess bride by the way watch it. If you haven't Billy Crystal Miracle Max anyway turns out. I can't say that anymore because we got the latest report on consumer prices this morning inflation by another name the core number that is inflation without food would and energy costs rose three tenths percent in August from a month earlier the third straight month. We've seen prices rise that much and year-over-year core inflation is up two two point four percent. That's a thirteen month high all of which gets me to this hour every now and then series your economic. Questions are answers called. I've I've always wondered you asking questions to get one. I bring our topic today. Yes you guessed it inflation and why really we kinda need it. Marketplace's Mitchell Hartman has the answer listener. Listener Geoffrey Dutton is retired living on a fixed income so he worries a fair amount about rising prices and that prompted him to ask us a question it goes beyond his own pocketbook concerns to fundamental economics y muster dollars luther value over time wouldn't an economy without inflation make us all that off. DUTTON's in his seventies so he remembers when runaway inflation savage to the US economy and contributed into the wreckage of Jimmy Carter's presidency. Here's Carter at a press conference in one thousand nine hundred seventy eight the most serious problem that a nation has inflation and it's getting worse it would soon spike to a thirty year high of thirteen and a half percent Michael Strain at the American Enterprise Institute says scary stories of hyper inflation past make people fear any rise in prices. Today we are used to thinking of inflation as a problem. It's something we want less of but he says now the concern among economists. Thomas has actually done a pretty dramatic flip to being concerned about too little inflation. Why do economists think we need inflation at all one standard explanation. Shen is that if prices stop rising consumers will hold back on buying stuff waiting to get a better deal but Dean Baker at the Center for Economic and Policy Research doesn't think consumers actually plan that way suppose. You'RE GONNA buy a refrigerator. We'll just say cost thousand dollars. We'll make a really nice refrigerator and you go. Oh wait a second. Prices are falling half a percent a year so if I wait six months then I could save five dollars. I don't think that's it's a very realistic story. Baker says the most compelling economic argument for inflation has to do with interest rates and the Federal Reserve some amount of inflation relation to percents three. Maybe four percent turns out to be very beneficial because it gives the Federal Reserve more ability to boost the economy downturn. Here's what bakers talking about to fight recession the. Fed cuts interest rates to lower the cost of borrowing money. That's supposed to encourage businesses and consumers rumors to spend and invest more jump starting the economy now. There's a bit of complicated math here but basically interest rates are calculated in apart based on the inflation rate. If inflation's near zero the Fed doesn't have much room to lower interest rates any further so a moderate level. I love inflation gives the Fed the maneuvering room. It needs plus. Baker says steady moderate inflation actually encourages businesses to expand hand if I'm a car company thinking building a new factory ago. There's two percent inflation next year. I'm going to be selling cars for two percent more money two years out. I'll be selling on them four percent more so that gives me more incentive to invest now inflation. Even middling inflation like we've got now isn't good for everyone. He won people on a fixed income like our listener. Geoffrey Dutton see their purchasing power slowly erode and if wages don't rise at least as as much as prices workers lose ground and become poorer over time as well. I'm Mitchell Hartman for marketplace. The thing about a listener series called I've always wondered is that we can't do it without knowing what you are wondering so tell us would you marketplace dot org is where you do things that are deceptively more complicated than you might think same day grocery delivering but therein lies market share and profit which is why. Walmart's expanding its ninety dollars a year unlimited grocery delivery fee nationwide trying to keep up with Amazon on fresh inst- cart and all the rest of them markedly. Merrill SAGARRA has that one. Let's say I get a craving for chicken tacos. I ordered the ingredients including one pound of raw chicken to be. He delivered to my house today. Think about what goes into that. The company has to pay someone to shop for me. It has to keep the raw chicken cold while it sits outside my apartment for hours wars and since I want it today it'll be hard to lump my order together with other deliveries. CERITA Kodaly forester says that'll be expensive. It is a lot cheaper to go to a neighborhood and deliver five orders at once than it is to go and deliver one order at a time the cost pile up. Joel rambled at Alex Partner's says when it comes to grocery shopping customers have traditionally done most of the work. The customer has picked the product off the shelf. Okay packed themselves. They've driven it to their home on motored into their kitchen and you're shifting that work onto the company and the customer expects to pay the same price also people. It can be really particular about what they eat. Maybe I'll get the shipment and the chicken is fine but I also ordered some peaches and I don't like the looks of one of them. Charlie O'Shea is a retail analyst step. Moody's the delivery person run back to the store and get another peach and bring it back to the customer. Do they get a discount. Despite all the challenges companies like Walmart. Mart and Amazon are investing in grocery delivery because they want customers to turn to them for everything. It's about being the most convenient option molly blake men is a spokesperson person for Walmart. Everybody needs more time on their calendar. We're offering customers a number of ways to stop that makes it easy for them. Walmart does have an advantage here. It's the biggest grocery retailer in the country with forty seven hundred stores that it can ship chicken and pizzas and Taco shells from I'm Maryelle Sagarra for marketplace. Sometimes words do not mean what you think. They mean exhibited today. Courtesy of the California legislature rent control lawmakers here have approved a bill bill the cap just how high rent can rise the governor says he'll sign it which would make California the third state this year to pass rent control legislation. That's after Oregon and New York and three I think officially makes it a trend right but as marketplace's Ben Bradford explains rent control might not actually keep rent affordable legislative debate is boring the phrase but the legislative debate yesterday in the California Assembly about passing the rent control bill was not boring do the right thing because guess what you may know someone who will be home one day Los Angeles Assemblyman. Mike Gibson was among the Democrats who argued slowing rent increases will help people stay in their apartments since California's bill caps the amount most landlords can raise rent on attendant each year at five percent plus inflation in organ new law. It's seven percent plus inflation. Bring control is definitely having a moment. Jim Lopez is a vice president at the national multifamily housing coalition which represents apartment owners the PD's says policymakers acres are addressing a symptom high rent with the wrong medicine as little bit feeding someone candy who's been starving it tastes good and it'll make you feel full in the short term earn but at the end of the day you're only making your health worse and worse. It's not just landlords that think about rent control says Mark Trestman at the left leaning urban institute suit. Most economists generally hate it. I think it's a lot of economics one books because if you just think about a kind of basic supply and demand I mean what you're doing is you're limiting the ability to have price meet demand. Democratic lawmakers including Oakland Assemblywoman Buffy wicks acknowledged that rent control won't solve the housing crisis. It's a false choice to say we either need to build or protect tenants. We have to do both of those. Things in the meantime California is three and a half million homes. Shy of what Steve Housing experts project needs. I've been Bradford for marketplace.
"rates" Discussed on Marketplace with Kai Ryssdal
"In Los Angeles. I'm Carl Rozelle. It is Thursday today the twelfth twelve th of September good as always to have long everybody we are going to begin today in Frankfurt. Germany the headquarters of the European Central Bank also we're going to begin inside the twitter feed of the president of the United States in Congress. Perhaps but bear with me here. Would you the E C. B announced a big new stimulus package you this morning. It's going to start buying up bonds again. Quantitative easing you might remember that's called and it's pushing interest rates even deeper into the negative. I'll save you the long explainer but at the bottom line is that negative rates are supposed to goose economies by making lending money spending money more profitable more attractive than saving money so that's that's the ECB the presidential twitter John this was to urge the Federal Reserve to do the same thing negative interest rates marketplace's Megan McCarthy Krino puts those two things together. Europe's benchmark interest rate has been negative since two thousand fourteen pushing it even lower is a dramatic effort to shore up the euro-zone says Torsten Slog Chief Economist with Twitchy Bank securities to essentially throw the kitchen sink at the European economy. Europe has seen years of slow growth but slaughter says uncertainty over brexit and global trade has made things even worse. The trade war has been having fairly significant impact on all countries in the world the expos among them Germany the biggest economy in Europe where a collapse in exports has the country on the brink of recession. That's a far cry from conditions in the United States is in a much stronger position economically Jonathan Right and economist at Johns Hopkins says despite fears of a slowdown the US economies enemies in good shape and with interest rates above two percent. The Fed still has plenty of room to cut without going negative. I think that that is something that for. US would be an absolute last resort. It also probably wouldn't do what trump said in his tweets he wants it to which is weaken the dollar to make us exports awards more competitive. Jeffrey Cleveland is chief economist with Payden and Regal the best thing that could happen for the US dollar would be for the rest of the world to improve their economic growth in fact after the announcement. The euro dropped sharply against the dollar but over the course of the day. It regained all that lost ground. I'm Megan mccurdy Carino for marketplace. the foreign exchange markets they tell you so much are moving on one updates. The trade war news at one's is peril because twitter right but the last we knew talks with China are still scheduled to restart next month and there have been some promising signs of de Escalation on both sides odd but again twitter thing is that while China and the trump administration are still at trade odds the rest of the global economy continues. Apace and there are some some countries who are taking advantage of the moment which might call in a admittedly oversimplified way the winners of the trade war. There are really two sets of countries that could gain. That's Mary lovely. She's an economist at Syracuse University or upstream suppliers so Australia may supply more iron ore or Brazil will provide soybeans upstream basic commodities or minerals. Brazil's a great example by the way when China stopped buying. US Soybeans Brazilian soybean exports filled the gap in two thousand seventeen Brazil had half of the Chinese soybean market last year seventy seven percent of it so that is upstream here again Mary lovely but then there are the further downstream downstream parts of the supply chain where countries like Vietnam Malaysia Indonesia Singapore come in and these are places is where workers put together things say Vietnam according to the US Trade Representative Vietnamese exports to the United States were up nearly six percent last year a lot of that was electrical parts and clothing shoes all downstream products like Mary. We say there is a caveat here. Of course these aren't new trade relationships. We have along gotten a whole lot of downstream goods from Vietnam and China has been buying Brazilian soybeans for a while now to what's changing though bit by bits are the relationships is an investment in these different parts of the supply chain downstream and upstream take Brazil for instance. Here's CAL Hanley. He's at the University of Michigan's Ross School of business. There's there's there's plenty of large agro-industrial firms in Brazil that for new relationships with these Chinese buyers and those relationships may be pretty sticky sticky meaning in other words once businesses commit to their supply chain. It is not so easy to change it back. It takes time and money which the costs of trade war induced uncertainty indycar handling one last time the United States in the longer term may have cast because of this current trade war pretty long shadow over its trustworthiness in future international relations and so I think that's certainly bad for the United States but the winners might be the countries that have continued to you attempt to play by the rules as best they can well. Let's see the European Central Bank says the European economy is a mess Wall Street today. Hey look there's there's progress in the trade war. It'll be happy music when we do the numbers..
"rates" Discussed on Data Skeptic
"And if they buy the t. shirt, that's called the conversion I'm paying for those ads may be, and however many people bring in if one out of whatever of them by a t shirt, then it's break even right. Yeah. So the conversion rate is of those who arrive at your site. How many do the action you want make purchase? Sign up for the list, joined the site, whatever. Do you suppose that click through rates. The rank of the click through rate would help me determine what the conversion rate will be determined. You're not setting giving estimate like Jack. Yeah, of course. Well, for just the people who go click through, so do people who click. I mean, people don't click through zero conversion, right? But what about do people who click through in the first position? Do they buy more often than people who click through in the tenth position? What's a I o higher versus I don't know. It probably varies probably very by what they're looking for. Yeah, my earlier in life, my instinct said that, oh, if you click through the first ad, you're probably likely more likely to buy because someone who clicks on like the tenth ad, they're probably like a window shopper. They're just looking around. They're researching whatever they're not going to buy. But the shocking shocking statistic that I've learned in life is that click through rate and conversion rate are independent. So yeah, it's kinda surprising, but in a lot of different scenarios, I've seen that this situation plays out to be true that regardless of if you click the first or the twentieth ad doesn't really matter once you've arrived at the page, I guess the explanation is you start to make your decision based on what you're seeing there. So just because someone is in the first position, once you arrive at their site, you are gonna make your decision independent of whether or not you were browsing or picking the top person or not? Yeah. My question is why the only thing I can guess is that it's because during search, you're looking for sites and stuff like that. And once you arrive at the page, it's like walking into a store and you make your decision new. So you know, some people are like emergency, I gotta buy something. I'm here now the sewer a man, I'll buy it, but other people who click wherever you are on the page, they're like, oh, this. The site is terrible or I don't like their pitcher, whatever. And you don't actually end up buying, but basically like where you started from doesn't impact the ultimate purchase. It's once you arrive at the place that's going to do the commerce, but you're saying have no function. I mean, if you never clicked through, you're not gonna convert no of those. I don't understand of those who clicked those. Click through conversion rates constant regardless of the ring, but they're not actually knowing how many times they click three. They could click through to five sites. They searched for Plummer, but usually I price compare at least three different options. Well, I think that makes you exceptional. Based on the six. I have not everything. For example, Amazon, like toilet paper. I can't price compare three different websites for toilet paper that would take too long, but I do price compare for three different papers on Amazon while it's awful. I can tell for someone to say. They like, oh, it's independent. If there are actually tracking how many times I checked on different ones, I'd you would know I price compared to three. So I do think my click through rate is correlated to perch out purchase. So maybe for you and maybe your exception or maybe that nets out in the data that after that people make random decisions about what vendor to us and you know of all the people like you just kind of a uniform distribution, his our, you're finding, I mean, that would that's harder for me to give evidence of, but that would be my assumption. Yeah. I mean, here's my question. I feel like if we go through did a math about like how much money us online me online, does a person who spend more online with more buying Nara do more of that type.
"rates" Discussed on Masters in Business
"Well, that Ben banenky I think thought that there was a glut of savings in the world, and that was one of the reasons this is before the financial crisis. Why were rate solo actually when the fed was raising starting in two thousand four, you know, from two thousand four, middle of two thousand four up to two thousand six. The Federal Reserve raised its policy rate twenty five basis points at every meeting. And so we were up from one percent where we started up to between five and six percent a couple years later, and they were hoping that you know that longer term interest rates would would respond to that. But they were surprised when they raise the short term rates, but the long rates didn't really go up very much and that's when banenky coined this glut of savings in the world that there was just such a demand for safe government bonds that despite the fed raising short-term interest rates, long-term rates, then move much at all Greenspan called it the conundrum conundrum. So I've heard the phrase recently norm. Maligning interest rates. The fed isn't merely raising rates, but they're getting often emergency footing in moving back towards normalization. What? What are your views on that? Well, I think you know, I think that's what they're trying to do. And from my historians perspective, I would sort of say that you know, people would say, well, what is a normal rate? How far do we have to go to get to normal rate? And when I was just a kid in the nineteen fifties, the fed was normalizing interest rates of interest rates had become very low and World War Two, partly because the fed was enlisted in the war effort and given the job of pegging government bonds, it was two and a half percent on a long-term bond and three eighths of one percent on treasury bills and after the war, the fed maintain those that pegging for a while because the secretary of the treasury wanted to minimize the interest cost of the national debt. But then the fed said, if we keep doing this, we're going to cause inflation. So in nineteen fifty one, the fed was given its freedom to normalize, basically in over the course. Of the nineteen fifties. Those very low rates that came along with World War Two raise gradually rose and and by the end of the fifties, they were up where you got like four and a quarter four and a half percent on a government bond maybe fit the late fifties, early sixties. And I would say from a long-term perspective that something like that, you know between four and five percent on a long-term government bond, and maybe you know to two to four percent on shorter term stuff that's sort of normal rates will. So that's what I'm thinking the fed is doing now, you know, maybe something like the nineteen fifties, where they'll gradually increase rates till we get to normal. And I think normal is four to five percent on a government bond long term and maybe two to four percent on short term stuff. Let's talk a little bit about your background. You have some really interesting history. You studied for a time at the Indian statistical institute at Calcutta. Tell us about that. Well, I was a that was after. My undergraduate education at Harvard and I was a fairly good student at Harvard. What did you study undergrad? I studied economics. I was one of two people in Harvard's class in nineteen sixty two who in nineteen fifty eight. They wanted to say they were going to major in economics to out of eleven hundred. By the time we graduated something like a quarter to a third of the class majored in economics. So I knew before I got to Harvard that I wanted to study economics, but that wasn't taught so much in high school in the nineteen fifties. And so, you know, I n one other person of Harvard's eleven hundred class that we want to major in economics and four years later about a quarter of the class majored ecconomic. So you also got a master's at Harvard and a doctorate that was after my tour of duty in India. So let's let's go back to India. What what made you say? I know I'll go halfway across the world while I was lucky enough to get a traveling fellowship or scholarship after I graduate from Harvard where I could go any place in the world and study for a year. Was financing for a year. And what I did was the chose India because it was halfway around the world and a class from Reinhold Niebuhr..
"rates" Discussed on FT Politics
"Indeed may just worth saying i think two points before we onto the politics are two very important fundamental linkages between the bank of england decision and the budget the first is this poor productivity performance which is really the reason the bank bank is raising interest rates despite pre sluggish growth it's that very very same poll productivity growth is likely to lead the office of budget responsibility to judge low productivity is not going to pick out like a thought and despite is molten serbs was short term improvement in public finances in those lead two years of his fourcourse he's probably going to get a pretty significant downgrade and that will probably be the main story on the day i think the second link from the interest rate rises that i think that affiliate hammond's this is the challenges to continue to bring down the deficit on out entirely political in a really of the point where the bank of england is starting to raise interest rates and tighten monetary policy there isn't really an economic argument for loosening up on fiscal policy because the economy is really at full employment is generating inflation the bank of england's concerned about that and so from an economic point of you should continue to try and do this the steps because it's still a problem the politics all the probe in the politics of fatigue and the population politics of a very small georgia's comments on as you say the politics of the fact that every big event booed government is done recently is unravelled and i think that this was a follows advise you philomen hour to play it safe you just need to get through the budget on scarred without a massive you term and that would be relative to recent history of success i think one point but certainly in his mind it's a nightmare job at the moment pretty oviously for many dimensions.
"rates" Discussed on FT Politics
"For raring to get a second hike anytime soon and athenahealth's and bamboo ben out star on the today programme to john really convince people that you know they really were determined to raise interest rates and you know you better watch out i think i think markets is still a little bit skeptical and i think it rule comes down to this question of what is the impact of brexit i think it's pretty clear that the brakes is having an impact on the economy but the judgment the connie on the bank of england have made is that it's having an impact not just on what people are spending and therefore the demands or the economy but it's having impact on the potential grew free of the economy particularly if businesses and particularly international businesses are gonna invest less in the uk than all the rate at which the uk economy can grow before it starts generating inflation might be significantly lower than it was and of course this comes after long period of very weak relative degrees there was quite a pessimistic picture from the bank of the room the despite sluggish growth to raise rates i think this this rate hike is probably justified i personally would be body my time for the next one is pets worth noting that in addition to the very important point troop it's made nettie migration is slowing dramatic but that's been an important source of increase of the labor force and that's another reason why the bank is justified i think you believing pretty obviously few a european succumbing that the supply potential of the uk economy will grow more slowly than it would otherwise have dr and after all that was the point of brexit wasn't it well as we said in the and and then ft at a tower this week martin that essentially what mark height was take out a slight insurance policy wet.