21 Burst results for "Robert Robert Jackson"

"robert  jackson" Discussed on KNBR The Sports Leader

KNBR The Sports Leader

02:46 min | 1 year ago

"robert jackson" Discussed on KNBR The Sports Leader

"Slow it down right in the middle of that zone. Those puts eighties and Ben finds 29 in Cleveland, Ruppersberger in the gun. First intent blocked by the left ankle time. Prevent line right down the middle sleeping, too, and catching stole touched down. Change. Clean prints The needle up 29 yards strike by our office worker splitting two fingers in Frank that two handed helmet I catch made by the rookie Claypool 11 wait to play in the fourth. It's 42 29. Cleveland's lead cut again. Yeah, he's working against Robert Jackson again. No cut. Similar to the look. I was talking about a second ago. Yet single high safety Carl Joseph, he's in the middle of a field. He's late to react. It's a skinny post. Give Robert Jackson on outside leverage in a bail technique, and Claypool just beats him and it's a perfect throw right on target by Ben They're going for two with 11 a way to go. 1 76 yards and fourth place trying for two. Rafa's burger shotguns. Head goes to the end zone, patted down in complete at the pylon had the gold mine on the far sideline. The defense and plain point and they come up short again, and they trailed 42 to 29 with a lot of time left 11 await to play in the fourth. Yeah. Yeah, it's Ms Schuster. He's the slot and he's gonna run the out with Deante Johnson. One of the slant MJ MJ story lunges in front one. Not a beautiful plans A great weight. You know what's good about that, Kevin watching it. A lot of corners. What happens here? They take that off hand behind and they hook the receiver and a lot of times you see pass interference there, and J. Stewart Good present outstanding job. How do you control get in front of Smith used to knocking that down his left hand and his right arm doesn't engage Mr Schuester. No question the past for fear. It's just an outstanding defensive play by the backup nickel because Kevin Johnson out on the coat rack. Bliss Berger Tonight three touchdowns, three interceptions 409 yards. He's thrown the ball 56 times, but he's now put on the big black stealer King. Keep warm on that sideline, and as he talks, you can see his breath. But he's very animated. The ensuing kickoff for the Steelers Ah, hi Chip shot taken by Johnson at the six on the numbers that Chandler 20 goes to the 30 angles to the sideline, the 35 for the Cleveland Browns and returns and 28 yards..

Deante Johnson Claypool Cleveland Robert Jackson Ben Ms Schuster Carl Joseph Cleveland Browns Bliss Berger Rafa Steelers Kevin Frank Ruppersberger Head J. Stewart Mr Schuester Smith Chandler Chip
History of the US Income Tax

Planet Money

10:01 min | 1 year ago

History of the US Income Tax

"But our country has this really conflicted history with the income tax. It was not designed by our founding fathers for most of American history there was no income tax at all in the years are brand new government needed some way to raise money, but there was no need to mess around with an income tax. The government had a much simpler way just. Tax The stuff that comes into the ports for a long time really the only way that they raised money was using tariff duties duties on imported goods. This is tax historian Joe, thorndike and tariffs are simple. Right? You send out a tax collector told the major ports ship pulls import us go through the manifests, check the cargo and you add up whatever you WANNA tax sugar guns, books simple. But there's one big problem with tariffs they fail you the one time you really really really need revenue tariff duties are great way to raise money as long as you're not fighting a war yet because someone's blocking airport right or sinking your ships on the way. News Yeah. And that that does tend to depress a little bit. So when in the United States do people start to think and talk about an income tax will you know the earliest? In American history that I know of comes during the war of eighteen twelve when the treasury secretary throws it out there it's it's really kind of a throw away in a report that he sends to Congress. You know, hey, we could consider taxing incomes but this suggestion during the war of eighteen twelve, it goes nowhere an income tax is actually a very complicated thing to pull off successfully there are three big obstacles to getting it. Right. The first obstacle is logistics like how do you make sure people pay a percentage of their income? Oh, it's enormously complicated because it really does come down to. The individual, who's filing this return, and that person we're going to expect them to begin with just to keep track of how much they're earning. Then expect a lot of honesty from them about reporting those records to the government and to make sure that they're actually doing the job you didn't have to create this huge administrative apparatus to go in and enforce it, and you have to give these people the power to dig through the personal financial records of every taxpayer, and that's usually pretty unappealing to tax payers and the government is not going to radically reform the tax code unless it has to. Unless, there's something incredibly expensive it needs to fund. This is how a lot of taxes come out. There's a war, and in fact, fifty years after the idea of the income taxes I floated such a war comes to pass the civil war. This is a very, very, very expensive warm Congress needs money to feed its soldiers by guns, cannon ships. So this time, it's not just one guy. Bringing up the income taxes a suggestion this time. Congress makes it law and even more importantly they come up with a way to enforce it Congress provides for the creation of the Bureau of internal. Revenue this is the first real income tax in the United States, but it doesn't look quite like the one we have today during the civil war only the wealthy had to pay income tax. And the government does this really very clever thing to get rich people to pay it. It makes tax returns public during the civil war anyone could go in and look up your income tax return or at least your report of how much you earn and the idea was that this would help improve compliance because your neighbor would see you driving around on your brand new plow and he'd. Say Wait a minute I that guy get all that money I'm going to see how much he reported on his income tax and they'd go in and they check it out and they could report to the agency and say, Hey, you know I. Don't think that this is the right number. This guy looks like he's living too large for this sort of an income they sort of conscripted. And made the tax collector. So who is living large in? Let's say Washington DC in eighteen, sixty four. Well, we pulled up a copy of the tax assessor sheets for DC, during the civil war and there happens to be a guy here Abraham. Lincoln. Address White House at the White House. Everyone knows where it is it's senator and and the taxes he paid I'm sure people were very interested in this one, thousand, two, hundred, ninety dollars. They're also entries here for restaurant owners for liquor dealers some guy lived on longboat may be in the Potomac River. It's clear from this list that people were paying taxes, the plan worked. Well, some people are paying taxes the north part of the country. Remember this is the civil war, the south. Also attempted an income tax attempted they had a much less effective, a tax system and their income tax was much less effective than the North's version. Is there a case to be made? The civil war was sort of an economic battle in the in the north was better at at that and raising money and and that's one reason at one. Oh, absolutely I mean taxes do have a lot to do with the. North. Winning the war. Not just taxes, but the North's ability to borrow money it. It just had a better economic foundation for fighting a big warlike that you know the income tax worked. So well during the war, you would think that the US government would want to keep it around I. Mean it's Nice to have extra money when you're actually rebuilding from the carnage and such but once the conflict ended, there was this big argument about whether to keep the. Income tax round or not, and now the income tax hits its second obstacle a legal obstacle. Remember how he said the income tax only hits the rich. Well, the rich did not like it and the rich have lawyers in eighteen ninety, five legal challenge to the income tax reaches the US Supreme Court here's economic historian John Steele Gordon. My great great uncle was one of the lead lawyers in that case and guess which side he was on. The trying to shoot down the income then you've got. Cable. He was a Morgan partner at five years later. The argument John Steele Gordon great great uncle made in court was that the income tax violated little document that we'd like to call the US Constitution here Ariba line to you. It says quote direct taxes shall be apportioned among the states according to their respective numbers. I will translate that for you if the federal government wants to raise money directly from people or property, then it has to divide the tax burden up equally Among the states according to their population. So if a state had ten percent of America's population, it should only have to pay about ten percent of the tax and the income tax wasn't taxing according to population it was taxing according to income. So the question before the Supreme Court is and as is often the case it's something kind of knowingly subtle and hard to follow. The question is, is the income tax eight direct tax. I stayed up late last night reading court documents. This is a huge rabbit hole of complicated things, but it comes down to this if any part of this income tax law passed by Congress, if any of the many taxes embedded inside considered a direct tax, then Congress did it wrong? The law is unconstitutional. That is the question that justices had to decide a very interesting thing happened in the Supreme Court. One justice was ill evacuate dying Justice Jackson from Tennessee who was argued before eight justices and they split four four as to whether or not the income tax was a direct tax and therefore unconstitutional. That's why we have an odd number of justices. He can't have a tire. Exactly. was. A four four time. The court decided that the case was simply too important to be tied, and so they haul justice Jackson out of his deathbed. Now odd number of justices and everybody knew that he was in favor of the income tax because he'd said. So publicly, Z. Really Dying Jesse really died two months later. So the lawyers re argue the case Justice Robert Jackson is. In the final days of his life is a pro income tax guy. So he's going to break the tie in favor of the income tax and the tie was broken case was decided five four. But the crazy thing is it was five four the other way it was a five four decision against the income tax. One of the other justices we don't know who switched his vote. and. So the tax was unconstitutional. No income tax. How do people reacted the time to this little intrigue Oh they've there would be a there was a lot of. In the papers about it, but the Supreme Court was silent as it so often is to what the internal workings we really don't know who who, really don't know who it but somebody's which their vote we just don't know. So there's this weird stretch in the middle of American history where the income tax has been ruled unconstitutional but this didn't in anyway settled the argument I mean, if anything the debate over income tax in America grew more heated. This is the time when a lot of big industrialists are getting filthy rich JP Morgan, Rockefeller Carnegie, and at this exact time, the nation has no income tax, the people who are not JP Morgan or Rockefeller Carnegie in the country. A lot of them feel those guys the rich need to bear more of the burden. So nearly twenty years after the income tax is ruled unconstitutional, we get an amendment to the Constitution the sixteen, th amendment ratified in nineteen thirteen a single sentence which begins the Congress shall have the power to lay and collect taxes on incomes just in time for another war World War One. So the income tax has cleared to hurdles so far logistics check legality check. The income tax needs one more thing to bring it into the modern age. One More L. Word Love the income tax of to this point has been a tax on the rich right everyone else was exempt in fact when they bring the income tax back after the constitutional amendment, less than two percent of the population has to pay. All this changes though with World War Two, the government needs more money and now ordinary folks are asked to pay again Joe Thorndike this is a is a real revolution because for most Americans, they've never had this kind of direct tax paying relationship with the federal government. You know they're paying excise taxes on alcohol tobacco or consumer goods but those things are are usually levied somewhere other than like on the consumer you know they're levied at the manufacturer level for the first time. Americans are sort of confronting the federal government as a tax collector and the middle. Class has never paid this tax before they not sure what to do a whole in nineteen forty-three show that one third to one half of people were unclear what

Us Supreme Court Congress United States Federal Government Joe Thorndike John Steele Gordon Potomac River Washington Jp Morgan Justice Robert Jackson White House Senator Lincoln Tennessee Justice Jackson
"robert  jackson" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:31 min | 2 years ago

"robert jackson" Discussed on WNYC 93.9 FM

"Zero percent loans that they have to pay back within five years so consideration is being given to everyone here but the people that are suffering the most are the average person who's working in New York trying to pay rent panda eat food and then those individuals that are not making the average wage where they're just struggling just to survive in New York City and lot of those individuals are working of poor or working class people and individuals that do not may not have a a good education those individuals that may be undocumented or maybe having jobs where they don't have health insurance which I don't have a case in which they don't get the you know the type of pay that they rightly deserve John in Washington Heights you're on W. NYC with probably your state senator Robert Jackson heights on Tuesday in Washington Heights probably they all right hi John good afternoon yep better judgment my father and I actually wanted to call attention because I'm a local constituents the senator was far too humble when talking about what he's been doing think of it so what is office is been doing is organizing these neutral leggings so for example I'm connected to a staff member who is named Chris who with whom I can communicate if there's any neighborhoods closer is and when you need a ride to get somewhere any kind of emergency without there that's what I can tell there's no other office in the state the throwing anything at this scale so are you listen this has I've never I never had no official capacity but you know other things going on in the community and it's it's important for people to realize what what senator Jackson and I know you have an agenda item to go for it I do I do need an item so if you have a bill seven that was exactly what we need to the bill would raise that's what I understand it's under the bill would raise the top marginal tax rate for those over five hundred million from eight percent to eleven percent and then that money would go to closing the budget gap on schools because as we know the governor it's all about austerity right now so what my question though is one of the teachers that I work with I'm a public school teacher here I'm I'm very supportive of the spell and what to drum up support for the legislation so senator what should we do with the community to help make this bill actually passed so that the governor can't ignore it and by the way John incentive for a lot of other teachers who two years.

New York City John Washington Heights W. NYC senator Chris senator Jackson school teacher Robert Jackson official
"robert  jackson" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:42 min | 2 years ago

"robert jackson" Discussed on WBZ NewsRadio 1030

"The latest on the pandemic across the country from ABC legal victory for governor the federal ninth circuit court of appeals upholds California governor Gavin Newsom's ban on in person church services any split ruling ruling against pastors a claim that California's trampling on religious freedoms the two judges ruling the majority right we're dealing with a highly contagious and often fatal disease for which there presently has no known cure in the words of justice Robert Jackson if the court does not temperance doctrinaire logic with little practical wisdom it will convert the constitutional bill of rights into a suicide pact increasing concern about coated nineteen testing data in the US according to the CDC's site over thirteen million tests have been reported nationwide but some states may have included antibody test in with their total test count is not the kind of data that should be added in to tell us that states are well equipped to Rio is Boston up a genealogist Dr John Brown steam chucks Iverson ABC news stand here in Boston the corona virus has slowed crowds from visiting the city during the holiday weekend and downtown businesses are taking a hit WBZ TV Stephanie chan has that story this is definitely not what we're used to seeing here in the city of Boston especially during Memorial Day weekend the people running events to help people celebrate say this is just a stark reminder of how much money they're losing out on do you reside in Boston on what's supposed to be a bustling weekend in the city it's always like to kick off the summer it's like it's the kick off to the party gets the corona virus killed the three day money maker for event production companies like six one seven.

Gavin Newsom California Robert Jackson US CDC Rio Boston Stephanie chan ABC Dr John Brown
How air quality has improved during the coronavirus crisis

Live from Here with Chris Thile

03:23 min | 2 years ago

How air quality has improved during the coronavirus crisis

"Soon this drop in carbon emissions I mean how much of a drop are we talking here yeah it's definitely starting to add up because were flying less driving less and some industries and factories are slowing down in February China reduced its emissions by roughly twenty five percent and U. S. officials estimate about a seven percent reduction in carbon emissions this year which is about the same as two thousand nine when when there was the financial crisis it's really hard to say it's still early to tell bites if the slowdown continues worldwide through the summer scientists say it's possible global emissions might drop three or four percent this year compared to last year that would be the largest drop recorded in the last century my goodness I mean does that mean that the world may actually be on track to cut emissions the way scientists have been recommending long before this crisis no actually okay don't get your hopes up exactly to avoid the worst impacts of climate change like extreme sea level rise and heat waves the world needs to be cutting emissions by around seven percent every year according to the U. N. yes I did say that will take fundamental changes different than what we're doing right now like switching to solar and wind power instead of using coal countries were actually supposed to meet this fall to negotiate new agreements to cut emissions but the U. N. has delayed that meeting until twenty twenty one because your governments are stretched very thin right now and keep in mind when economies come back there could be a big rebound in admissions right one thing I'm curious about you so many people are saying right now that the air in their cities has been amazingly clear that you can see far into the distance you can smell flowers instead of exhaust what you think is that revealed that thing that we're proceeding or is that just our collective imagination okay well people are not imagining things actually air quality monitors are showing cleaner air now and any given day you know your air pollution depends a lot on the local weather conditions but Los Angeles has been showing very clear it's been a trend to compare until this time last year and it's actually creating sort of an interesting experiment for scientists who we're looking at what would happen if we did make big changes like this I asked environmental scientists are Robert Jackson at Stanford University about that it's as if a third of the cars on the road were suddenly electric running on clean electricity and the air pollution is plummeting it's really remarkable experiment and it shows the benefits of clean energy the difference he's talking about is that you know instead of burning gasoline electric cars run on electricity in California gets a lot of its power from solar and wind so it's cleaner another thing I'm wondering about people are reporting strange animal sightings on social media what's going on with animals right now okay so it's always important to say don't believe everything you see on social media some of these things have been hoaxes summer real but you know if if we're seeing an uptick it might be that people are home just observing things more looking out their windows but scientists are starting to study this to get some real data you know they're looking animal tracking studies where they have GPS tags tags on animals and right now it's gray whale migration season on the west coast so if there's less shipping traffic on the water maybe fewer whales will be struck by ships this year and that would be a big

FDA approves the emergency use of chloroquine for COVID-19, while some governors limit or prevent its use

Lars Larson

05:20 min | 2 years ago

FDA approves the emergency use of chloroquine for COVID-19, while some governors limit or prevent its use

"So how far can states and governors go legally in barriers to your doctor getting you to your medicine I thought we talk about that with John Malcolm Johnny is the senior legal fellow and vice president of the institute for constitutional government John we talk about the constitutional on on this program and we talk a lot about citizen rights and of course questions of federalism and states that constantly demand that they are in charge of things until they run short of something critical and then they turn around and say but it's the federal government they didn't supply us so give me your take on on where this is going with different states setting different kinds of limitations on how they respond to this emergency well look people are are are all reacting in different governors are are doing different things so you mentioned in the lead up about you know the use of drugs there are some some doctors are trying to prohibit the use of of of of drugs that are being tested now and others are trying to speed up that testing on there also course entering normally stay home orders the travel restrictions to prevent people from traveling into their states and also at the moment they're a lot of drugs that I gather are being tried I'm not a doctor of course but a lot of them have to do with hydrochloric Quinn the FDA has now approved widespread testing on an expedited basis of hyper core queen W. limited tests that were done in France that showed up for viruses okay despite that the results appear to be pretty good and I got out of the France and Italy are now you definitely are now widely prescribing hydrochloric queen are there some governors I know the governor of Michigan who trying to prevent doctors from prescribing this you know until there are more studies safety and efficacy of these drugs others like in a body covered are trying to keep the supply Piper by preventing doctors from prescribing you to outpatients but you go by allowing doctors to prescribe it for patients that are have already tested positive for coke at nineteen other people are are scrambling it's hard to know where this is all going to end up well it's interesting that that on that drug in particular I've ended up talking to doctors about it and lawyers about it and the doctors point out that it may be that the most efficacious way to use that drug is early on when the symptoms first appear and yet you're saying a lot a number of governors saying oh no we can only give this to people who were so sick that they're either a red our hospital bed or in an ICU bed and they're actually some medical types who said no that's the wrong time to use it the right time the right is when you head off the infection and yet is this what we get when we have people in government who try to start play doctor to play doctor yeah I know that it's that's probably why you don't want it may end up being a bit of a supply issue into you know different doctors we wind up having drugs that haven't been tested on want you know a wide variety of human studies going to different doctors with different views hardcore Quinn I again I'm not a doctor but has also to off label usage is I know it uses an antiviral before I know it used to treat things like rheumatoid arthritis are there some doctors to think that this is a very very promising indication and not all to me it is a killer but certainly to slow down or or or make it less likely that somebody is going to have a compromised immune system that would make them susceptible to to cope with nineteen you know I'm not I'm not sure exactly where it is going to go obviously president trump how did this it would be potentially a game changer and the FDA in Washington through tests on this but there's no question in order to use the FDA standards require widespread double blind studies in the past couple years and you know we don't have time for that no in fact we don't and what I don't want to do a John I said this the other day but you'll probably remember who was it that said the constitution is not a suicide pact you remember yeah I do it was it was a paraphrase of something that does it justice Robert Jackson said and I forget exactly which opinion it was in but but it's been attributed to him it seems to fit here where I don't I I don't want somebody infringing on my constitutional rights on the other hand I'm not willing to take my constitutional rights to the point where I put the rest of my community at risk or the rest of my community puts me and my family at risk and I also I don't want to be in a situation where the government says well constitutionally we can regulate drugs because they're in interstate commerce which is in the constitution and we have a new interest in protecting public health which would seem to be at least the mandate of local government and we're going to protect you so much the you might die while you're waiting for us to finish protecting you against the drug that might save your life today but it'll be approved in a couple of years when you won't need it anymore I don't want that kind of

John Malcolm Johnny
"robert  jackson" Discussed on Xtra Sports Radio 1300 AM

Xtra Sports Radio 1300 AM

02:04 min | 2 years ago

"robert jackson" Discussed on Xtra Sports Radio 1300 AM

"Tries twenty nine points eleven rebounds ten assists and just in case anybody wants some here's four blocks and a steal with and you put that with a double double with Robert Jackson and how how much fun is Robert Jackson had when he played Mississippi state and they were asking him yesterday about Kentucky's those two of the city state of Kentucky now here's the house looking away a little tough for no good and there's the seventy fourth grade out of the game for Robert Jackson market now will move this one try to use all the thirty five seconds before they get a good shot it was really only is fifteen three about three fifteen in the games no back to America now one room a couple possessions ago where they cleared out the backside and was able to log the defense we're under three minutes and it's a twenty point lead well Zacks Peter the dinner can you taste it Milwaukee two forty four of the game mark what aid over the number one in America here is no ten days later right wing two twenty to play in the game mark leads by twenty points in the paint by Daniel then about Kentucky with two ten remaining in the game mark ten seventy nine Kentucky sixty one there's a break in the action you're listening to the NCAA radio network on Westwood One okay.

Robert Jackson Kentucky America Milwaukee Daniel Mississippi Zacks Peter NCAA
"robert  jackson" Discussed on WLS-AM 890

WLS-AM 890

02:04 min | 3 years ago

"robert jackson" Discussed on WLS-AM 890

"This regulatory practice will mislead investors into expecting protections. The rules do not deliver putting investors at even greater risk. That's SEC Commissioner Robert Jackson talking about the new best interest rule. The SEC just approved the consumer federation of America hates this new rule. They have issued a statement this week saying, quote, the SEC is throwing Mr. and MRs 4._0._1._K under the bus, regular doesn't even do what it claims to do, which is to require that brokers act in their customers best interest or prevent them from putting their own interests first. These new rules seriously erode the fiduciary standard giving brokers virtually unlimited ability to act, as advisers while simultaneously failing to regulate them. Cordingley making it easier for brokers to mislead their customers into believing they are getting trusted best interest advice, when they're actually getting investment recommendations. Based on toxic conflicts of interest investors will suffer real financial harm, as a result of this best interest bayton, switch. And now more than ever investors need to be on their guard against brokers who seek to profit unfairly at their expense. And have the state securities regulators the North American securities administrators association. That's the association of state. Securities regulators says, quote, the SEC commission should not emphasize, how industry can continue businesses usual. And yet comply with the rule that is the wrong message to send the proper emphasis should not be on disclosure, but rather on conduct. And how about AARP AARP released a statement saying AARP is alarmed by the SEC's rule today on the standards of conduct for financial professionals often described as an important opportunity to protect Americans saving for retirement..

SEC AARP AARP Commissioner Robert Jackson fiduciary federation of America MRs 4._0._1._K association of state
"robert  jackson" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

02:07 min | 3 years ago

"robert jackson" Discussed on Newsradio 700 WLW

"The nation's retirement crisis. This regulatory practice will mislead investors into expecting protections. The rules do not deliver putting investors at even greater risk. That's SEC Commissioner Robert Jackson talking about the new best interest rule. The SEC just approved the consumer federation of America hates this new rule. They have issued a statement this week saying, quote, the SEC is throwing Mr. and MRs 4._0._1._K under the bus, read, BI doesn't even do what it claims to do, which is to require that brokers act in their customers best interest or prevent them from putting their own interests. I these new rules seriously erode the fiduciary standard giving brokers virtually unlimited ability to act as advisers while simultaneously failing to regulate them, according. Only making it easier for brokers to mislead their customers into believing they are getting trusted best interest advice, when they're actually getting investment recommendations, based on toxic conflicts of interest. Investors will suffer real financial harm as a result of this best interest bayton, switch. And now more than ever investors need to be on their guard against brokers who seek to profit unfairly at their expense. And how about the state securities regulators the North American securities administrators association. That's the association of state. Securities regulators says, quote, the SEC commission should not emphasize, how industry can continue businesses usual. And yet comply with the rule that is the wrong message to send the proper emphasis should not be on disclosure, but rather on conduct, and how about a AARP AARP released a statement saying AARP is alarmed by the SEC's rule today on the standards of conduct for financial professionals often described as an important opportunity to protect Americans saving for retirement. The new rule does not..

SEC AARP AARP Commissioner Robert Jackson fiduciary federation of America MRs 4._0._1._K association of state
Tesla Meets Model 3 Production Target, Ramps Up China Factory

Bloomberg Daybreak

04:24 min | 3 years ago

Tesla Meets Model 3 Production Target, Ramps Up China Factory

"Wedbush analysts, Dan. I've says tesla now faces a quote Kilimanjaro like uphill climb to hit this year's profitability targets. The perfect storm that's forming. Analysts point to demand for tesla vehicles as the big problem right now. Which sounds strange considering the sizable wait list for its model three but the expiration of tax credits. For electric cars is also part of the picture. Ravinder Gill is a senior analyst at Needham, demand for the model three in the model S X is decelerating, particularly the model S in the model X, the only sold twelve thousand units in Q one that was down forty five percent you're year, even assume you're pretty big snap. Back in the second half, they're still going to be down thirty percent. Because competition is pretty significant in Europe. These are old models. The model three they basically had depleted their high end version of the model three in the second half of last year. They took advantage of a tax credit, that backlog of orders has now gone. And now they have to kind of go into the mass market at the very same time when the credits expire, or at least get cut in half and then go away altogether next year. Tesla's been looking to China as its next big area for growth going so far as to build a new gigafactory in Shanghai. But now as a trade war between the US and China escalates that's looking like less of a sure thing Bloomberg's Lisa Abramowicz. Explains. Expediting ships of parts to try to assemble tesla clinicals ahead of the terrorists. This is a huge problem for it. And even though to me have not yet been put on the list of things be terrified by the Chinese people are expecting that could be next. So tesla is facing some very real challenges heading into the second half. It's also coming off a year that saw CEO Elon Musk face off with the securities and Exchange Commission over his tweet about taking the company private musk eventually settled with the SEC, but he went on to post additional tweets that the regulator says violated that settlement, he also fired office series of posts, criticizing the SEC for some must sanctions raise questions about the companies leadership and SEC Commissioner Robert Jackson. Thanks Mosk got off to easy. Here's my fundamental problem with what happened. Whatever you think of that settlement, Mr. musk signed it. And when you sign an agreement with the securities and Exchange Commission with the blessing of a federal judge I just think you've got to be held to the deal you Struckmann and at the end of the day, there was subsequent activity that I think we all felt, and we brought a contempt motion, we, obviously, all felt that he didn't file the deal that he cut musk now has tweets related to Tesla's business pre approved by a company. Lawyer, the CEO is also known for going after shortsellers on Twitter. His company is often a target for those investors. The bet has paid off this month with profits for tesla shorts exceeding a billion dollars in may. Steve is men's a money manager at Neuberger Berman. He famously predicted the collapse of subprime mortgages before the two thousand eight financial crisis. I'm short, tesla, but I've never been short tesla big because it's an incredibly volatile stock and a response information that I think is unimportant, and I've done well in the short and tesla. I think it's going to go lower is men's not alone. According to research from S three partners. Tesla continues to be one of the most. Most popular short positions among US stocks and just last week analysts at Morgan Stanley, put their worst case scenario for the share price at just ten dollars somewhat of a shocking number considering the stock spin trading around two hundred dollars still tesla bowls, like Oppenheimer analyst, Colin rush say the future is bright. His target is above four hundred the simple of side, is that they continue to make cars and people continue to buy them healthy. Right. And that's what we're continuing to see right now. And then the second layer of this is really can they migrate from this EV market into the Thomas market? And I think there's a big question around that. But our model is really based on just their ability to sell electric vehicles at a successful rate, and we feel very good about that call at this point, and leave the Thomas p says a free option for skeptics Tesla's valued like a company poised to revolutionize the auto industry with no concrete signs that it will actually Chievo that lofty goal if it was valued in line with its peers, say with a price to sales ratio matching General Motors test. La's value would be just a quarter of where it

Tesla Ceo Elon Musk United States SEC Lisa Abramowicz Exchange Commission Europe DAN Ravinder Gill China Shanghai Needham Steve Senior Analyst Neuberger Berman Bloomberg CEO Twitter
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:19 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"And I'm at Baxter the SEC sued. Tesla CEO Elon Musk last year for making fraudulent statements after tweeting he had funding secured to take tesla. Private and last week musk reach to deal with the SEC June SEC Commissioner Robert Jackson registered his descent after the deal was approved. Bloomberg's Erik chats spoke with SEC Commissioner Robert Jackson about tesla at the skybridge capital salt conference in Las Vegas. You dissented from the Commission's latest settlement with Elon Musk over his Twitter us what I'd like to know is what motivated you to break publicly with your colleagues. Well, a few things first of all clear, I think the SEC has done very good work on a very bizarre. Fax? Remember that? There was a tweet last year that we very quickly turned around into a settlement that I thought made a lot of sense. And here's my fundamental problem with what happened whatever you think of that settlement, Mr. musk find it. And when you sign in. Green it with the securities and Exchange Commission with the blessing of federal judge. I think you've got to be held to the deal you Struckmann, and at the end of the day, there was supplement activity that I think we all felt and we've brought a contempt motion. We obviously felt that he didn't follow the deal that he cut. So what caused me to break with my colleagues is just my intuition that even on has the Powell deals he signs, you're not the only person rob who've used that settlement as insufficient. Let's say some might call it a slap on the risk of punishment have been higher for a repeat offender had it not been a celebrity CEO. Well, I don't want to say too much more about what we did. Or what we might do because it's a specific case that might come before me. Let me say this to me the fundamental principle that everybody has stick with the deals. They made with us is something that we should never leave any doubt about market. Well, this does raise some questions on that front that I'm going to quote, the SEC the SEC itself says companies offering securities for sale to the public must tell the truth. About their business the securities they're selling in the risks involved in investing in those securities. The question is this. And this is what people are wrestling with in the wake of this latest settlement does that. Or does not apply to social media? Well, it's a very good question and to what degree right? So let's back up and just ask this question to what degree can the CEO of the public company useful media communicate with the world, and what's really hard about. This particular case is that Mr. musk has a number of businesses a whole wide range of interests. He's got a lot going on that Twitter feed and fundamentally the idea that some oversee every single thing he says, it's not realistic. But it's also not appropriate for CEO of a public company to be engaging in distribution of information that doesn't follow the law, and that's the balance we're trying to strike let me just say it might be time for us at the SEC to lay out some clear rules of the road about what a CEO of a public company with traits can and cannot do on social media is their movement on that front conversation. It's been happening at the commission for some time. We have. Gun things in other areas, not Twitter specific, but we've done other things in other areas. I think the long standing principles we've had work well here, but it might make sense putting down on paper what we need them as Yuna. Rob the SEC has many critics some of those critics say the Commission's treatment of Elon Musk was unfair. Why? Because at the same time, maybe even right now stock promoters and con artists are committing securities fraud, right daily using social media and other tools to investors. What do you say? I I think absolutely nobody should be permitted in this country to use social media or any other tool, to course, that's a question of the allocation of resource while that's right. And I thought one of the very important things about the muss case is everybody was watching. And we knew it. And that's why it was so important me that he he stick to the deal that he struck with us. Now, I understand that the judge in that case was skeptical with all due respect. I think the judge should not have been skeptical about the meaning of the last agreement. But as you know, we now have a new agreement that is. Very specific with respect to what? Mr. moss cannot do. I expect he's going to be held to it. Which is to say that if he violates that agreement the punishment will be harsher the next time. Again, I wouldn't want to prejudge any facts before me. Here's what I'll say, I expect that he's gonna follow the that he cut with us last week that was SEC Commissioner Robert Jackson and coming of Federal Reserve vice chair, Richard.

SEC Elon Musk CEO Twitter Commissioner Robert Jackson Tesla Mr. moss Bloomberg Las Vegas securities fraud Exchange Commission Yuna Erik Federal Reserve Powell rob
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:18 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"The SEC sued Tesla's CEO Elon Musk last year for making fraudulent statements after tweeting he had funding secured to take tesla. Private and last week musk reach to deal with the SEC June SEC Commissioner Robert Jackson registered his descent after the deal was approved. Bloomberg. Eric shots spoke with SEC Commissioner Robert Jackson about tesla at the skybridge capital salt conference in Las Vegas. You dissented from the Commission's latest settlement with Eli in Moscow over his Twitter use what I'd like to know is what motivated you to break publicly with your colleagues. Well, a few things first of all let's just be clear. I think the SEC has done very good work on a very bizarre setbacks, remember that there was a tweet last year that we very quickly turned around into a settlement that I thought made a lot of sense. And here's my fundamental problem with what happened whatever you think of that settlement, Mr. musk signed it. And when you sign in. Green it with the securities and Exchange Commission, but the blessing of a federal judge. I just think you've got to be held to the deal, you Struckmann, and at the end of the day, there was supplement activity that I think we all felt and we brought a contempt motion. We obviously all felt that he didn't follow the deal that he cut. So what caused me to break with my colleagues is just my intuition that even on mosque has the Powell the deals he signs fan. You're not the only person rob who've used that settlement as insufficient. Let's say some might call it a slap on the wrist what the punishment have been higher for a repeat offender had it not been a celebrity CEO. Well, I don't want to say too much more about what we did. Or what we might do because it's a specific case that might come before me. But let me say this to me the fundamental principle that everybody has to stick with the deals. They made with us is something that we should never leave any doubt about the market. Well, this does raise some questions on that front. And I'm gonna quote, the SEC SEC itself says companies offering securities for sale to the public must to tell the truth. About their business the securities they're selling in the risks involved in investing in those securities. The question is this. And this is what people are wrestling with in the wake of this latest settlement does that. Or does it not apply to social media? Well, it's a very good question and to what degree right? So let's back up and just ask this question to what degree can the CEO of a public company used social media to communicate with the world, and what's really hard about. This particular case is that Mr. musk has a number of businesses a whole wide range of interests. He's got a lot going on that Twitter feed and fundamentally the idea that somebody's been oversee every single thing he says, it's not realistic. But it's also not appropriate for seal. The public company to be engaging in distribution of information that doesn't follow the law, and that's the balance we're trying to strike, and let me just say it might be time for us at the SEC to lay out some clear rules of the road about what a CEO of the public company with publicly traits Kurti's, can and cannot do on social media is their movement on that front conversation. That's been happening at the commission for some time. We have. Done things in other areas, not Twitter specific, but we've done other things in other areas. I think the longstanding principles we've had work well here, but it might make sense to start putting down on paper. What we mean by them, as you know, rob the SEC has many critics some of those critics say the Commission's treatment of Elon Musk was unfair. Why? Because at the same time, maybe even right now stock promoters and con artists are committing securities fraud, right daily using social media and other tools to dupe investors. What do you say? I think I think absolutely nobody should be permitted in this country to use social media or any other tool. To course, it's a question of the allocation of resources, that's right? And I thought one of the very important things about the muss cases. Everybody was watching. And we knew it. And that's why it was so important me that he'd be he stick to the deal that he struck with us. Now, I understand that the judge in that case was skeptical with all due respect. I think the judge should not have been skeptical about the meaning of the last agreement. But as you know, we now have a new agreement that is. Very specific with respect to what Mr. must can. And cannot do I expect he's going to be held to it. Which is to say that if he violates that agreement the punishment will be harsher the next time. Again, I wouldn't want to prejudge any facts that aren't before me. Here's what I'll say I expect that he's going to follow the deal that he cut with us last week that was SEC Commissioner Robert Jackson and coming of Federal Reserve vice chair, Richard Clara..

SEC Elon Musk CEO Twitter Commissioner Robert Jackson Tesla Bloomberg securities fraud Exchange Commission Eric shots rob Las Vegas Eli Moscow Powell Federal Reserve
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:20 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"This is Bloomberg best, June Grosso. I'm Ed Baxter. The SEC sued tesla CEO Elon Musk last year for making fraudulent statements after tweeting he had funding secured to take tesla. Private and last week musk reach to deal with the SEC June SEC Commissioner Robert Jackson registered his descent after the deal was approved the number. Eric shots spoke with SEC Commissioner Robert Jackson about tesla at the skybridge capital salt conference in Las Vegas. You dissented from the Commission's latest settlement with Elon Musk over his Twitter us what I'd like to know is what motivated you? To break publicly with your colleagues. Well, a few things first of all let's just be clear. I think the SEC has done very good work on a very bizarre set. Facs? Remember that? There was a tweet last year that we very quickly turned around into a settlement that I thought made a lot of sense. And here's my fundamental problem with what happened whatever you think of that settlement, Mr. musk signed it when you sign an agreement with the securities and Exchange Commission with the blessing of federal judge. I think you've got to be held to the deal you Struckmann and at the end of the day. There was some activity that I think we all felt and we brought a contempt motion. We obviously felt that he didn't follow the deal that he cut. So what caused me to my colleagues is just my intuition that even because the foul deals he signs, you're not the only person rob who've used that settlement as insufficient. Let's say some might call it a slap on the wrist what the punishment have been higher for a repeat offender had it not been a celebrity CEO. Well, I don't want to say too much more about what we did. Or what we might? Do because it's a specific case that might come before me fair. But let me say this to me the fundamental principle that everybody has to stick with the deals. They made with us is something that we should never leave any doubt about market. Well, this does raise questions on that front that I'm going to quote, the SEC the SEC it says companies offering securities for sale to the public must tell the truth about their business the securities they're selling in the risks involved in investing in those securities. The question is this. And this is what people are wrestling with in the wake of this latest settlement does that. Or does not apply to social media? Well, it's a very good question and into what degree right? So let's back up and just ask this question to what degree can the CEO of the public company used social media to communicate with the world, and what's really hard about. This particular case is that Mr. musk has a number of businesses a whole wide range of interest. He's got a lack going on that Twitter feed and fundamentally the idea that somebody's gonna oversee every single thing he says, it's not realistic. But it's also not. Appropriate for seal of a public company to be engaging in distribution of information that doesn't follow the law, and that's the balance we're trying to strike let me just say it might be time for us at the to lay out some clear rules of the road about what a CEO of the public company with traits can and cannot do on social media is their movement on that front a conversation. It's been happening at the commission for some time. We have done things in other areas, not Twitter specific what we've done other things in other areas. I think the standing principles we've had work well here, but it might make sense to start putting down on paper. What we mean by them, as you know, SEC has many critics some of those critics say the Commission's treatment of Elon Musk was unfair. Why? Because at the same time, maybe eight an right now stock promoters and con artists are committing securities fraud, right daily using social media and other tools to dupe investors. What do you say? I think I think absolutely nobody should be permitted in this country to use social media or any other. Tool to do. That's the question of the allocation of resource law. That's right. And I thought one of the very important things about the muss case is everybody was watching. And we knew it. And that's why it was important that he stick to the deal the historic with us. Now, I understand that the judge in that case was skeptical with all due respect. I think the judge should not have been skeptical about the meaning of the last agreement. But as you know, we now have a new agreement that is very specific with respect to what Mr. must can and cannot do I expect he's going to be held to it, which is to say that if he violates that agreement the punishment will be harsher the next time. Again, I wouldn't want to prejudge any facts that aren't before me. Here's what I'll say, I expect that he's gonna follow the deal that he cut with us last week that was SEC Commissioner Robert Jackson and coming of Federal Reserve.

Elon Musk SEC CEO Commissioner Robert Jackson Twitter tesla June Grosso Bloomberg Ed Baxter Las Vegas securities fraud Eric shots Exchange Commission Federal Reserve rob
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:23 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"This is Bloomberg best. I'm Ed Baxter. The SEC sued. Tesla CEO Elon Musk last year for making fraudulent statements after tweeting he had funding secured to take tesla. Private and last week musk reach to deal with the SEC June SEC Commissioner Robert Jackson registered his descent after the deal was approved. Bloomberg. Derek chats spoke with SEC Commissioner Robert Jackson about tesla at the skybridge capital salt conference in Las Vegas, and you dissented from the Commission's latest settlement with Eline musk over his Twitter us what I'd like to know is what motivated you to break publicly with your colleagues. Well, a few things first of all let's just be clear. I think the SEC has done very good work on a very bizarre set of facs. Remember that there was a tweet last year that we very quickly turned around into a settlement that I thought made a lot of sense. And here's my fundamental problem with what happened whatever you think of that settlement, Mr. musk signed it. And when you sign in. Agreement with the securities and Exchange Commission with the blessing of federal judge. I think you've got to be held to the deal you struck man. And at the end of the day. There was some activity that I think we all felt and we brought a contempt motion. We obviously felt that he didn't follow the deal that he cut. So what caused me to my colleagues is just my intuition that even has the follow the deals he signs fan. You're not the only person rob who've used that settlement as insufficient. Let's say some might call it a slap on the wrist what the punishment have been higher for a repeat offender had it not been a celebrity CEO. Well, I don't want to say too much more about what we did. Or what we might do because it's a specific case that might come before me fair. But let me say this to me the fundamental principle that everybody has to stick with the deals. They made with us is something that we should never leave any doubt about market. Well, this does raise some questions on that front. And I'm gonna quote, the SEC the SEC it says companies offering securities for sale to the public must tell the truth. About their business the securities they're selling the risks involved in investing in those securities. The question is this. And this is what people wrestling with in the wake of this latest settlement does that. Or does not apply to social media? Well, it's a very good question. And for what degree right? So let's back up and just ask this question to what degree can the CEO of the public company used social media communicate with the world, and what's really hard about. This particular case is that Mr. musk has a number of businesses a whole wide range of interest. He's got a lot going on that Twitter feed and fundamentally the idea that somebody's gonna oversee every single thing he says is not realistic. But it's also not appropriate for CEO of a public company to be engaging in distribution of information that doesn't follow the law, and that's the balance we're trying to strike let me just say it might be time for us at the SEC to lay out some clear rules of the road about what a CEO of the public company with publicly traits Kurti's, can and cannot do on social media is their movement on that front a conversation. It's been happening at the commission for some time. We have. Done things in other areas, not Twitter specific, but we've done other things in other areas. I think the long standing principles we've had worked well here. But it might make sense to start putting down on paper. What we need them as the has many critics some of those critics say the Commission's treatment of Elon Musk was unfair. Why? Because at the same time, maybe even right now stock promoters and con artists are committing securities fraud, right daily using social media and other tools to do investors. What do you say? I think I think absolutely nobody should be permitted in this country, use social media or any other tool to dupe course, that's the question of the allocation of resources. That's right. And I thought one of the very important things about the muss case. Everybody was watching and we knew it. And that's why so important to me that he he stick to the deal that he struck with us. Now, I understand that the judge in that case was skeptical with all due respect. I think the judge should not have been skeptical about the meaning of the last agreement. But as you know, we now have a new agreement that is. Very specific with respect to what Mr. must can. And cannot do I expect he's going to be held to it, which is to say that if he violates that agreement the punishment will be harsher the next time. Again, I wouldn't want to prejudge any facts that aren't before me. Here's what I'll say, I expect that he's gonna follow the deal that he cut with us last week that was SEC Commissioner Robert Jackson and coming of Federal Reserve vice chair, Richard Clara. This is Bloomberg..

SEC Eline musk CEO Commissioner Robert Jackson Bloomberg Twitter Tesla Ed Baxter Exchange Commission securities fraud Las Vegas Federal Reserve rob Derek vice chair Richard Clara Kurti
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:43 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"And losses right into the closing bell. But ended higher by two points again little change. Their NASDAQ fell twenty points lower today by three tenths of one percent. I'm Charlie Pellett. That's a Bloomberg business flash. Bloomberg best with June Grasso. And Ed Baxter continues. The SEC sued Tesla's CEO Elon Musk last year for making fraudulent statements after tweeting he had funding secure to take tesla. Private and last week musk reach to deal with the SEC, however, June SEC Commissioner Robert Jackson registered his descent after the deal was approved. Bloomberg's Erik Schatzer spoke with SEC Commissioner Robert Jackson about tesla at the skybridge capital salt conference in Las Vegas. But I'd like to know is what motivated you to break publicly with your colleagues. Well, a few things first of all let's just be clear. I think the SEC has done very good work on a very bizarre set of facts, remember that there was a tweet last year that we very quickly turned around into a settlement that I thought made a lot of sense. And here's my fundamental problem with what happened whatever you think of that settlement, Mr. musk signed it. And when you sign an agreement with the securities and Exchange Commission with the blessing of a federal judge. I just think you've got to be held to the deal you Struckmann. At the end of the day. There was supplement activity that I think we all felt and we brought a contempt motion. We obviously all felt that he didn't follow the deal that he cut. So what caused me to break with my colleagues is just my intuition that even alum musk has the foul the deals he signs, man. You're not the only person rob who've used that settlement as insufficient. Let's say some my call it a slap on the wrist would the punishment have been higher for a repeat offender had it not been a celebrity CEO. Well, I don't want to say too much more about what we did. Or what we might do because it's a specific case that might come before me there. But let me say this to me the fundamental principle that everybody has to stick with the deals. They made with us is something that we should never leave any doubt about market. Well, this does raise some questions on that front. And I'm gonna quote, the SEC the SEC itself says companies offering securities for sale to the public must tell the truth about their business the securities they're selling in the risks involved in investing in those securities. The question is this and this is. What people are wrestling with in the wake of this latest settlement does that. Or does it not apply to social media? Well, it's a very good question and into what debris, right? So let's back up and just ask this question to what degree can see eel. The public company used social media to communicate with the world, and what's really hard about. This particular case is that Mr. musk has a number of businesses a whole wide range of interests. He's got a lot going on Twitter feed and fundamentally the idea that someone's going to oversee every single thing he says, it's not realistic. But it's also not appropriate for seal. A public company to be engaging in distribution of information that doesn't follow the law, and that's the balance we're trying to strike, and let me just say it might be time for us at the SEC to lay out some clear rules of the road about what a CEO of a public company with publicly traits thirties, can and cannot do on social media is their movement on that front. Well, I think it's a conversation. That's been happening at the commission for some time. We have done things in other areas not Twitter specific, but we've done other things in other areas. I think the long standing principles we've had worked. Well here, but it might make sense to start putting down on paper. What we mean by them as university SEC has many critics some of those critics say the Commission's treatment of Elon Musk was unfair. Why? Because at the same time, maybe even right now stock promoters and con artists are committing securities fraud, right daily using social media and other tools to dupe investors. What do you say? I think I think absolutely nobody should be permitted in this country, use social media or any other tool to dupe course, it's a question of the allocation of resources. That's right. And I thought one of the very important things about the muss case is everybody was watching. And we knew it. And that's why it was so important to me that he stick to the deal that he struck with us. Now, I understand that the judge in that case was skeptical with all due respect. I think the judge should not have been skeptical about the meaning of the last agreement. But as you know, we now have a new agreement that is very specific with respect to what Mr. Kennedy cannot do I expect he's going to be held to rob. I want to ask you about private credit and direct lending. This is fast becoming a multi trillion dollar business largely outside the oversight of the SEC and other federal regulators is that a problem. I think some of my colleagues have said, and I want to reiterate publicly the problem would come. If we have investors in those assets who don't understand how the liquidity of those assets work, the kind of assets, you're talking about can take days weeks months to get liquid to actually be settled in a trade. And I think we need to be sure that American investors understand that that's the deal. They're getting when they plow into asset classes like that one at the same time, though, how is anyone including the feds supposed to know how much leverage there is in the economy when most if not all of this corporate debt, that's being accumulated doesn't have to disclose. There's no question that it makes our task harder. And I know the folks at the fed and create people at the SEC are digging into the data to try to understand exactly how much leverage we have in this asset class. There's two concerns with it. Right. One is however does the economy getting and are we on top of understanding exactly the situation we face, but more importantly to me, I'm sworn to protect investors. I want to be sure the people who were plowing into that asset class understand how liquid it can be in times of stress, and I do they not understand that. Well, I think we have work to do on that front frankly that was SEC Commissioner Robert Jackson coming up galaxy investment partners chairman and CEO Michael.

SEC Elon Musk Bloomberg CEO Commissioner Robert Jackson Twitter Tesla Charlie Pellett Ed Baxter June Grasso fed securities fraud Exchange Commission rob Mr. Kennedy CEO Michael
"robert  jackson" Discussed on Radio Free Nashville

Radio Free Nashville

02:11 min | 3 years ago

"robert jackson" Discussed on Radio Free Nashville

"Nashville. this is democracy. Now. We have taking action to pardon the grove one four while this act cannot right? The wrongs done to them many years ago. I hope that it will bring peace to their families and their communities. I am confident that the people Florida would not one this injustice to happen. Again, Florida has pardoned four young African American men in grove land who were falsely accused seventy years ago of raping a seventeen year old white girl before going to trial one of the men was hunted down and Lynch by a mob of a thousand men led by the local sheriff another was later shot and killed by the same sheriff, we'll speak to the daughters of one of the grove land four and Gilbert king, author of the Pulitzer prize winning book devil in the grove Thurgood Marshall, the grove land boys and the dawn. Avenue America the sentence. The legislative branch of the Florida government recognizing that this was a gross miscarriage of Justice. There was a way to correct this. There's a way to move forward as a society by saying no longer accept this kind of miscarriage of Justice. If you look at this case throughout it was basically what Justice Robert Jackson described as a menace to American society, then as the longest US government shutdown in history has entered its twenty four th day, the IRS has vowed to the wishes of the mortgage industry. Reopening a key office to help the mortgage industry is this another sign of the Trump administration favoring the rich. We'll also look at how corporations and the wealthy has benefited from the ongoing gutting of the Internal Revenue Service all that and more coming out. Welcome to democracy now democracy now dot org. The.

Florida US Internal Revenue Service Justice Robert Jackson Pulitzer prize Thurgood Marshall Nashville. Gilbert king Lynch seventeen year seventy years
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:45 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"This is a closer look at Commissioner Robert Jackson award winning law, professor legal scholar. And currently the sole democrat at the SEC Commissioner Jackson, the political climate in Washington is broadly accepted as being about as poisonous as it's ever been in recent times does that translate itself. Into the way the SEC commissioners deal with one another. I think the answer to your question, Arthur, very important one. As it depends on either ship. And I've only been on the SEC for year, and I've only worked under one chair caretake, and she has been extraordinarily fossil and hardworking about improving the collegiality commission, and I can certainly tell you I understand why people would look political environment. Can be poisonous. The my experience has not been bad at all if anything I think my colleagues here me out a disagree with me. You should be forcefully sometimes even publicly, but I get my extra minutes to make my case for American investors. And I think this job, that's really the only sport. Well, I agree with you. The chairman Clayton has been an extremely deft balance wheel in terms of keeping politics out of the deliberations of the commission, and he is to be commended for that. Now, you've said that public comments are going to be crucial to shape the agency's best interest rule. So what kind of comments have you gotten so far? And is there an update on when you may finally finish this rule? Well, as to the timing of the rule, I know, you know, the indicated chairman grow sort of decide powered whether that part of the floor. I would speculate that the shutdown has slowed that process, although how much longer. Very very hard to say all I can say our hardworking staff on a lot of time on the. I know a lot of work to do. And I would think that being out of the office over this period will laid out a bit. Where we are with this rule. He's having put forward a proposal that was very reasonable starting place. But I think has a long way to go get you a final really, protect investors and comments have been pouring in from across the nation where.

SEC Commissioner Robert Jackson Clayton chairman Commissioner Jackson Washington professor Arthur
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:29 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"This is a closer look at Commissioner Robert Jackson award winning law, professor legal scholar. And currently the sole democrat at the SEC Commissioner Jackson the. Political climate in Washington is broadly accepted as being about as poisonous as it's ever been in recent times does that translate itself. Into the way the SEC commissioners deal with one another. I think the answer to your question, Arthur, very important one. As it depends on either ship. And I've only been on the SEC for year, and I've only worked under one chair Clayton. And she has been extraordinarily thoughtful. Colin hardworking about improving the collegiality commission, and I can certainly tell you I understand why people would look at the political environment. Can be poisonous. But my experience has not been mad at all. If anything I think my colleagues here me out of disagree with me. Forcefully and publicly, but I get my education to make my case for any investors. And I think in this job, that's really all you can have for. Well, I agree with you. The chairman Clayton has been an extremely deft balance wheel in terms of keeping politics out of the deliberations of the commission, and he is to be commended for that. Now, you've said that public comments are going to be crucial to shape the agency's best interest grew. So what kind of comments have you gotten so far? Is there an update on when you may finally finish this rule? Well, that's to the timing of the rule. I know, you know, the chairman grow sort of decide how would whether that part of the books followed. I would speculate that the shutdown has flirt that process, and although how much longer doing very hard to say all I can say our hardworking staff. A lot of time on the proposal than have. I know a lot of work to do on the common, and I would think that being out of the office odors, period. Well, laid out a bit. Where.

SEC Clayton Commissioner Robert Jackson chairman Commissioner Jackson Colin Washington professor Arthur
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:13 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"This week. We continue our closer look SEC Commissioner Robert Jackson. It was a professor of law Columbia University and the founding director of Columbia law. School's data lab is academic work has focused on corporate governance and the use of advanced data. Science techniques to improve transparency and securities markets. Is on public policy leave from the NYU school of law after joining the securities and Exchange Commission in January of two thousand eighteen Commissioner Jackson. And proposed. The creation of an office of competition economics within the division of economic risk and analysis. What would the mission of that body? The office of competition economics to answer the following question. Any rule change any actually SEC's considering how Howard affect? Which financial institutions compete for the best. To what degree exchange we're making recount investors. Ordinary American family a better feel when they put their money to work in America company. And that's a question we should be asking when it comes to wolves governing everything from corporate disclosure to investment companies. It's just a question in my view that we need to ask using the trust and campa petition economics. Scholars have used for years dancer these flesh. It's time to kind of work do the SEC some commissioners have really been forgotten in the dust of time other commissions will be remembered as long as there is an SEC. What is it that you think distinguish the mediocre or less than well known from the real stars of the commission. I'd say there's three things that I had focused on. And I think when you look at the historical commissioners, the ones who really stood out. I think. Commissioning? Commissioners have always been cities for members who focus on ordinary. Testers? Okay. Summer bird of Acton that to see commissioners who really focused on what does the American retail investor when they put their money to work. The lowest cost financial advice to help them change their lives. For retirement health. Prepare for education. And I think the commissioners that are focused on that have. The second background one brings to agency. Commissioners have come to the SEC with lots of. Or policy experience. I think that's important. But I'm not someone who brought that background. I'm somebody who was born family. Family. Needed America's markets change. My mother is one of children. My father is one of five. A big Irish Catholic family, and there was no way. I was even going to college without them saving their money in the American markets in the eighties tonight markets. Do preside over are weren't put me in this chair and their family. My job. And then finally all day. It's important that Commissioner think outside the box beyond ordinary tool agency. You know, it's very easy in the SEC in Washington to pay attention to the lobbyists to our most. Prominent who tell you the ordinary things they've really liked you all in the market for new year. Arthur protecting. Yes. Best work when it has expanded the aperture things that are very that's a great statement. And I hope you're successful with your colleagues who sometimes going beyond the box. But I think that ability to try to define areas that really haven't been much touched upon in the past is really a very constructive way. To look at the commission, what its priorities might seem to be now until the president nominates a successor to Kirstein Senator Warren among others is concerned that this will lead to companies getting off easy as Republican commissioners will have outsized influence to block cases, you share her concern. Well, first of all, I think it's always a concern had one that members of congress should be raising that we're doing everything we tend to protect American investors, but I can tell you. And we are. Under these. Last year of cases with Jerry Clayton terrific directors of enforce named Stephanie of eighteen. You know, we brought a lot of cases that I am very proud of. With respect to the membership information going forward apart speculate really affected, it will have except to point out that there are Republican members who've taken the public. Here's something about corporate penalties that is objectionable with that up to lights shareholders. Been surprising to be about that mission. Got really no basis. That companies doesn't deter them from doing. Misdeeds in the future. I really never understood the finishing and I have enforced enforceable inside and outside. Call three valuated and I intend to give a speech this spring. Kinds of thinking we should be doing about penalties conversation. I think going forward I believe and trust that chairman Clayton directors enforcement are going to bring the right cases before the commission, and I have my colleague. On its merits. Congenial. This conversation with SEC Commissioner Robert Jackson in just a moment. This is a closer look with Arthur Levitt. It's twelve minutes past the hour. Imagine. You deliver. Baseball, caps, myths and everything you need for the game. But what you really get so much more FedEx delivery game day spirit. What we deliver by delivering one eighty over one. You Evan and I had a stroke on forty five over ninety two and then I had a heart attack when fifty over ninety and I add a stroke. This is what high blood pressure sounds like you might not feel it symptoms, but.

SEC Commissioner securities and Exchange Commis Commissioner Robert Jackson Arthur Levitt America NYU school of law professor of law Columbia University Baseball founding director Jerry Clayton Evan Howard Kirstein Senator Warren congress Washington chairman
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"This is a closer look at law, professor academic scholar and SEC Commissioner Robert Jackson. I'm Martha Levitt. We were talking before about that. Built-in price that investment bankers charged companies to go public specifically. What would you do about that? How would you go about it? Well, I think there are three steps we should be taking on this. Arthur first of all members of the house introduced a Bill requiring the SEC spin a study, why prices been sticks at seven percent for so long and what we can do to bring it out second number alternative ways for companies stairs publicly in two thousand eighteen alone. For example, we Sean interesting step by Spotify list. Their shares should be looking at waste that as well. No, no market investment banks who are competing for this kind of business. And my hope is that the SEC by encouraging people to compete on Christ encouraged some of those bankers to get out there and take small and mid sized companies public in this country. Used to be the dream to kick your company public ring the bell on the floor the stock exchange. What Ukraine to sell your company to a giant publicly traded for? And I think we need to get back to those basic principles that frankly, best animated when you're at the head of the SEC should be.

SEC Martha Levitt Commissioner Robert Jackson professor Ukraine Spotify Sean Arthur seven percent
"robert  jackson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"robert jackson" Discussed on Bloomberg Radio New York

"This is a closer. Look SEC Commissioner Robert Jackson previously was professor of law. Columbia law school director of its program on corporate law and the founding director of the schools data lab where it's used cutting edge technology to study the reliability of corporate disclosures. He has also served at the treasury department as a senior adviser during the financial crisis in the troubled asset relief program. Tarp in January. Of two thousand eighteen sworn in as a member of the securities and Exchange Commission. He joins me now for a closer look. In a recent speech. You said that it's time to put the exchange back in the securities and Exchange Commission and take a hard look at the structure of our stock markets. You say the SEC has stood on the sidelines while enormous market power has become concentrated in just a few players. Tell us a little bit more about this. And what your major concerns are in this connection. Well, first of all, thank you so much for having me on today and happy new year to you. And all your listeners I to the program for some time now, and I'm delighted to have a chance to talk when it comes to the stock exchanges in this country. Arthur something truly remarkable has happened. Which is a place where beggars symbol of American capitalism. Enormous power has become concentrated it. Just two or three large corporations. We have thirteen stock exchanges in this country. Which makes me think you might have some competition until you realize that twelve of them are owned by just three conglomerate we.

Exchange Commission Tarp SEC Commissioner Robert Jackson professor of law Columbia law school founding director Arthur senior adviser director treasury department