39 Burst results for "Senator Elizabeth Warren"
Fresh update on "senator elizabeth warren" discussed on WBZ Afternoon News
"In Leicester shot and killed a man this morning that they say rammed his car into the police department building. He also appeared to have been wielding a rifle. Tomorrow. Arenas, stadiums and ballparks increase to 25% capacity amusement and water parks from reopen at 50%, Rhode Island Woman Among those hurt following a shooting in New York City's Times Square suspects are still at large. Senator Elizabeth Warren tells Politico shall be seeking reelection for senator in 2024. Churchill Downs is suspended Bob Baffert, the trainer of Kentucky Derby winner winner Medina Spirit. The action comes after the Kentucky Horse Racing Commission reported the horse tested positive for.
Fresh "Senator Elizabeth Warren" from WBZ Afternoon News
"At the four day forecast Increasingly cloudy this afternoon, staying pretty mild and then tonight periods of rain with a low near 50 somewhere in tomorrow morning's turning into a cloudy day with a high 57 low sixties for Tuesday, times of clouds and sun, Pretty windy and then sun and clouds again for Wednesday. Low sixties Right now it's 69. Mostly cloudy over Boston at 2 45. Live local and fiercely independent. This is WBZ news radio. Good afternoon. I'm Madison Rogers. And here the five things you need to know. In Leicester Officers shoot and kill a man authorities say rammed an SUV into the Police Department building. He appeared to have been wielding a rifle, according to police. Churchill Downs, suspending trainer Bob Baffert after Kentucky Derby winner Medina Spirit tested positive for drugs after the race. Rhode Island woman is among those hurt. Following a shooting in New York City's Times Square, Senator Elizabeth Warren tells Politico shall be seeking reelection in 2024 for Massachusetts Senator Massachusetts enters a new step in its reopening plan tomorrow. Stadiums arenas, ballparks can all increase capacity to 25% amusement parks can open a 50% capacity, road races and other organized athletic events allowed to resume with staggered starts. The city of Boston did put a three week delay on the return.
Fresh "Senator Elizabeth Warren" from WBZ Afternoon News
"They were shot in Times Square late yesterday afternoon. ABC is Diana Rocco reports was an argument between a group of people when police say a man pulled out a gun and started shooting. That group dispersed Instead, Three innocents. People were shot the youngest of four year old girl. She was shot in the leg while buying toys with her parents. Another 23 year old woman, a tourist from Rhode Island was also shot in the thigh and a 43 year old woman from New Jersey was shot in the foot. Police are looking for the people involved. No weapon was recovered from the scene. Several shell casings were found. Senator Elizabeth Warren is running for Senator again. She confirmed that to politico on Friday, she's also out with a new book and spoke to WBZ TV Is John Keller about it. WBC Suzanne Saz Ville has more on that. In her new book persist. Warren talks about her life, her politics and her run for president in 2016. She also talks about corruption in Washington. She says it was around long before Trump got there. The corruption I'm talking about is the corruption about the influence of money. How it is that the things that the rich and powerful want in Washington the big tax cuts the deregulation. Oh, they get heard changes get made, she says. Money is drowning out our democracy, and Warren was asked if she's running for re election to the Senate in 2024. Joe Biden is running for reelection. I plan on helping him and I plan On staying in the Senate. That's a yes Suzanne Saz Ville WBZ Boston's news radio. It's time for Bloomberg business. WalMart is expanding, Ah home delivery service that lets you have groceries sent directly.
Fresh "Senator Elizabeth Warren" from WBZ Morning News
"And more. Started free 30 Day audible plus trial when you sign up at audible dot com David Straka Lino WBZ traffic on the threes Actor with the forecast met bends tells us off to a great start Today with sunshine. Some high clouds will see the clouds roll in is the day rolls on temperatures into the mid and upper sixties rain tonight as we drop back down to 50 Some rain tomorrow morning to start the work week. Otherwise a cloudy cool day temperatures in the fifties right now sunshine in Boston 53 Degrees live local and fiercely independent. This is WBC news radio. Good morning And thanks for joining us. I'm Charlie Bergeron. Here are the five things you need to know it. 8 45. What a difference a year makes last year Mother's Day limited by the pandemic this year great weather more restaurants opening for the traditional Mother's Day outing. Massachusetts Senator Elizabeth Warren tells Politico she's running for reelection in 2024 4 year Old girl among three innocent bystanders shot in Times Square in New York yesterday. All are expected to be okay. China's space agency reporting debris from an out of control. Chinese rocket likely plunged into the Indian.
Healey leads AGs, calling Biden to cancel student loan debt
"Up to $50,000 in student loan debt for federal student loan borrowers. Senator Elizabeth Warren added her voice to that call canceling $50,000 of student loan debt. As a matter of racial justice. It is a matter of economic justice. It is a matter of generational justice. Congresswoman I enter presently emphasized that student loan debt disproportionately holds back minority student loan borrowers. We cannot afford to make the same mistakes of the past. During the 2000 and eight financial crises. Lawmakers build out Wall Street and abandoned black and brown communities who lost everything on Beacon Hill. Mike Macklin WBZ Boston's his radio on
Boston-area communities getting $100M from state after receiving ‘significantly smaller’ funds
"Today that he is sending financial help to hard hit communities in Massachusetts, Chelsea Everett Bethune and Randolph didn't get as much federal funding as others will be getting additional money from the state. $100 million will come from a the state received. As part of the latest covert stimulus package Senator read Marquee in the statement says he's pleased the governor is heated. The congressional delegations calls to target federal aid to the hardest hit areas. Marquis, Senator Elizabeth Warren and Congresswoman I gotta. Presley sent a letter last week to the governor, urging him to use the discretion provided to target $4.5 billion in the states. states. Direct Direct federal federal aid. aid. aid. Disproportionately Disproportionately Disproportionately Disproportionately impacted impacted impacted impacted communities communities communities communities to to to to all all all all
Elizabeth Warren unveils proposal to tax "ultra-millionaires"
"The world's richest man have to pay under a new wealth tax proposal? I'll give you a hint mourn you and I will ever see this is the ultra millionaire tax proposal. We told you about yesterday, the brainchild of Senator Elizabeth Warren, Let's review Here's how it works. 1st 50 million is free and clear. Archer 50 million first dollar. You gotta pay two cents and two cents on every dollar. After that, until you hit a billion after you. Two billion. It goes up more. And based on this formula, Amazon's Jeff Bezos would have a yearly tax bill of $5.7 billion baseballs currently has a net worth close to 200 billion. We're waiting on a
Sen. Elizabeth Warren Explains Her 'Ultra-Millionaire' Tax Proposal
"Now where Democratic Senator Elizabeth Warren is pushing an annual tax of 2% on wealth exceeding $50 million. She also wants to boost funding at the Iris. So the richest Americans get audited about once every three years. Warren caught up with Bloomberg chief Washington correspondent Kevin so really, to discuss her proposal. Let's listen in to part of their conversation. Now you've got an idea. I do the wealth tax. Explain it to me because you've tweeted from the last virgin. So let's remind everybody what it is. This is unfortunate attacks on fortunes that air Bigger than $50. Million. So your 1st 50 million is free and clear. No tax it all But you're 50 Million and first dollar, two cents and two cents on every dollar above 50 million until you hit a billion And then we add a little bit more. On top of that. That would raise over the next 10 years. $3 trillion. What do you want to do with that money?
Senate Democrats make plans for another stimulus package
"With some breaking news this morning in washington that could impact future stimulus measures in the more joins us with the latest along. Well andrew the covid relief package is still winding. Its way through congress but today ten democratic senators are going to be laying down a marker for the next stimulus package. They're calling on president biden to make sure that his massive infrastructure investment plan includes an extension of unemployment benefits and recurring stimulus payments. And importantly. they wanna tie those benefits to broader economic conditions. Now this idea of all stabilisers does have the backing of key committee chairman including bernie sanders widened shared brown and others and in a new letter to president biden. They wrote this crisis is far from over and families deserve certainty that they can put food on the table and keep a roof over their heads. Families should not be at the mercy of constantly shifting legislative timelines and add hawk solutions now enhanced unemployment benefits will run out in just two weeks. The kurt cobaine relief. Bill would extend them through the end of august but after that both workers and lawmakers are going to face another cliff some guys. I've talked to unemployed workers about this and they tell me that they've been burned by some of these arbitrary cutoff dates for their benefits and frustrated by the fact that lawmakers promises to make some of these benefits retroactive have not panned out so are starting to see that debate about what comes after covert relief heat up on capitol hill
Elizabeth Warren unveils proposal to tax "ultra-millionaires"
"It's back the idea of a wealth tax from Senator Elizabeth Warren. This is a wealth tax that has been needed for a long time. We need it to produce more revenue to create more opportunity in America. Aside from the debate over what she calls the ultra millionaire tax, but critics call a jealousy tax under this proposal, who gets taxed by how much 1st 50 million is free and clear. Archer 50 million first dollar. You gotta pay two cents and two cents on every dollar after that, until you hit a billion Well, she said. The 1st 50 million is free and clear to clarify. That's not free and clear of regular income taxes. But of the special wealth surtax, Warren says would be levied on 0.5% of the population. She says America's billionaires saw their wealth increase a collective trillion dollars over the last year.
Warren Revives Wealth Tax, Citing Pandemic Inequalities
"Senator Elizabeth Warren's reviving her proposal to impose a wealth tax on the richest Americans. Massachusetts Democrat says the tax is long overdue and would generate more revenue and opportunity. She's introducing legislation that would apply attacks on those worth more than $50 million. Warren says the wealth of the billionaire class has increased by more than a trillion dollars over the last
Massachusetts Senator Elizabeth Warren Introduces ‘Ultra-Millionaire Tax Act’
"On assets of America's wealthiest people. It is time for a wealth tax in America. I want to remind everybody with Well, taxi is it is a tax on he, um, fortunes above $50 Million. In other words, your 1st 50 million is free and clear. But your 50 million and first dollar You gotta pay two cents and two cents on every dollar After that, until you hit a billion when you had a billion. You gotta pay a few cents more. Um This is a wealth tax that has been needed for a long time. We need it to produce more revenue to create more opportunity in America. But it is a wealth tax that we particularly need because of the changes in this country. Under the pandemic, we have watched the wealth off the billionaire class in America increase by more than a trillion dollars over the Last year, a two cent wealth tax would just help level the playing field a little bit and create the kind of revenue that would let us build back better. As Joe Biden says, would let us make the investments and our Children investments in infrastructure investments in clean economy investments in America's future. Senator Elizabeth Warren, Democrat from Massachusetts on Capitol Hill. This proposal is similar to what she proposed when she ran for president, and she estimates it could raise $2.75 trillion over 10 years by taxing about 100,000
Student Loan Forgiveness: Democrats Debate How Much To Cancel
"Five million americans have student debt and president biden has promised to do something about that. He's proposed cancelling up to ten thousand dollars per borrwer. Democrats in congress are pushing for more though fifty thousand dollars per person. Here's npr's listen Joe biden has made it clear one point six trillion dollars in federal student. Debt is a problem but the question of how much of it to cancel is still on the table. Let's take a look at the plan. The president supports cancelling ten thousand dollars in debt per borrower or. Who have the lowest suit deaths are the ones who struggle the most adam. Looney is an economist. At the university of utah he says not all debt is the same borrowers who completed. A bachelor's often have higher debt burdens but are able to pay that debt back. The ones really struggling are the ones in default. When you're in default government can take your tax refund part of your paycheck when you get older. You can even lose part of your social security. Roughly eight million borrowers are in default and most of them have less than ten thousand dollars in debt. The amount that you borrow is largely dependent on how many years you will often students who drop out after a semester or a year or two just on accumulate very much dead. If you never got that degree you can't get a job to help pay off that debt. Looney argues that anything higher than ten thousand cancellation runs. The risk of awarding borrowers. Who don't need help. He points to research that shows thirty. Six percent of student debt is owned by the top twenty percent of income holders but income is different than wealth household was student debt. Tend to have the least amount of wealth. That's the value of all your assets minus debt. Now let's take a look at the plans to cancel fifty thousand dollars in student at senators elizabeth warren and chuck schumer among those behind. This idea. they say a more forgiving cancellation policy is also about racial justice. And would target gaps in wealth especially among black families. Black households are more likely to have student debt and more of it than white or latino families. The debt crisis in is dish. Proportionally impacting borrowers of color and communities of color. Black borrowers in particular ashleigh harrington the senior policy counsel at the center for responsible lending. So when we talk about cancelation we have to start their black borrowers. She says can struggle even if they get their degree. Thanks to racism. In the labor market more debt cancellation would give them a up. You have families were the color who have never been able to build wealth. They don't have intergenerational wealth fender having intergenerational deck many black and latino families missed out on ways to build wealth in the past like homeownership and job training programs due to racist policies researchers who study and talk to student. Loan borrowers say now student. Loan debt is thing. That's holding them back in a forthcoming report. The center for responsible lending black borrowers. Who would have all of their debts. Raced at fifty thousand was forgiven. Have median assets worth just seventy six thousand dollars in most cities. That's not even a house and of course there's the pandemic we are in the list of a crisis it and so we're for the place where count out. Inauguration gonna cut it regardless of the dollar figure most advocates. For cancelling say the thing that makes it so appealing is it can be done by the president through executive action without congress. President biden has long said he'd prefer to use legislation but in early february. The white house signaled it was willing to consider doing it with the flick of a pen.
Walsh Confirmation Hearing for Boston Mayor Marty Walsh to be Labor Secretary
"The confirmation process and today the president's nominee to Head up the Labor Department. He was before the Senate Health, Education, Labor and Pensions Committee often referred to as the Health Committee, Senator Elizabeth Warren, introducing the Boston mayor Marty Walsh, calling him quote a champion for unions attracting corporations to Boston to create jobs. Kansas Senator Roger Marshall with this exchange with the Boston mayor over the issue of a $15 minimum wage, I look at a cost of living Median house in Boston $600,000. Median house in my hometown of Great Ben is $83,000. The cost of living index in Boston is literally to point to a multiple of 2.2. From where I live. You have a minimum wage right now of $12. These 12 70 80 $12 the minimum wage in Great Bend a 7.25. So was $7 our job in Great bend and be like a $16 our job in Boston, Massachusetts. I guess you know, I'm trying to get at is how can we have a nationwide minimum wage of $15, which which, Frankly, would kill a lot of jobs and Kansas. So had man. I'm all for If you want $15 an hour in Boston, knock your socks off. But in Kansas, that would be a pretty big wage job killing wage. Well, thank you, Senator. I think the You around minimum wage that you're gonna be debated on the Senate floor in the United States. Congress floor. President Biden has distressed that he is supportive of $15.50 dollars now minimum wage a nation wage national national wage. I support him in that $15 minimum wage, And I think that is going to be many conversations from now till something passes the Senate in the House. Around conversations about how that if, in fact that passes how does that $15 How many ways can instituted that from today's confirmation hearing for Marty Walsh and exchange with Republican senator from Kansas Senator Marshall He is, of course, President Biden's nominee to become the next labor secretary, and Marty Walsh, by the way, who joined the Laborers Union local to 23 at the age of 21. He served as the union president until he became the mayor of Boston Back in 2014 more from
Boston's Marty Walsh Answers Questions on Minimum Wage in Confirmation Hearing
"For Boston Mayor Marty Walsh Gender confirmation hearing for his nomination his labor secretary, they were holding a hearing on the nomination of Mayor Marty Walsh to be secretary of Labor and a dark suit and crimson time Air. Marty Walsh was introduced by Senator Elizabeth Warren, who called the mayor Marty and referred to him as her friend. Then the questions began. Kansas Senator Roger Marshall concerned about a higher federal minimum wage, saying differences in cost of living would destroy jobs in his state. Marshall use an analogy that didn't quite fine. Boston, Massachusetts What? What's the last cup of coffee you paid for? What did it cost last cup of coffee It paid for in Boston was probably and doughboy doughnuts, and I think it was a Almost 75. Well, that's that's a good deal. It's a good bargain. Nonetheless, I support him in that $15 minimum wage. Cameron Regal WBZ Boston's news radio, The Senate panel
Warren: Bonus to nursing home CEO an act of "unfathomable greed"
"And Massachusetts Senator Elizabeth Warren is calling out Genesis Healthcare tonight. What she calls a quote, inexplicable and unseemly decision. She's talking about the company's move to give the former CEO of more than $5 million retention bonus following the deaths of more than 2800 residents at the chain's facilities. The bonuses came as the company also accepted federal aid during the Corona virus pandemic. Senator Warren Bash, the country's largest publicly traded nursing home chain, for unfathomable greed and Mr Public Health, tragedy and economic crisis, The company's board approved bonuses to now former CEO door Take her junior and other top executives after collecting more than $300 million in state and federal coronavirus aid awarded the $5.2 Million payout in October. Hager retired less than three months later and was then given another $650,000 bonus. More than two million more dollars was set aside to be used for bonuses for other company
Biden picks Chopra, Gensler for financial oversight roles
"Button is tapping a pair of veteran regulator to oversee two key financial agencies. MPR's Barbara Sprint says their selection is a signal the incoming by administration will be tough on oversight. Biden will nominate Gerry Gambler to lead the Securities and Exchange Commission and Rohit Chopra to head the Consumer Financial Protection Bureau. Their selection is a triumph for progressives who have pushed for more aggressive oversight of the financial industry. Cancer is a top financial regulator known for taking on big banks and trading houses after the dog frank financial reforms enacted following the 2000 and eight financial crisis, Chopra is the commissioner on the Federal Trade Commission and an ally of Senator Elizabeth Warren. He previously served as assistant director at the Consumer Financial Protection Bureau. It's expected a top focus of his would be student loans. Both nominees are subject to Senate confirmation.
Biden introduces his choice for defense secretary, Lloyd Austin
"President elect Joe Biden once retired general Lloyd Austin to be his defense secretary, not A post he sought. I sought him. Austin would be the first African American to serve in the position. But could his nomination face some trouble in the Senate and joining us live from Capitol Hill? Double d. T. O p. S Mitchell Miller. Mitch General Austin is very well respected. So why are there questions about whether the Senate would confirm it? Well, Shawn and Hillary. It goes back to the history of the defense secretary being in a civilian position, and the so called seven year rule that if a military officer is tapped for that position, they need to have been retired from the military for at least that long. Austin retired four years ago after a distinguished military career of more than 40 years and included a major command in Iraq. Tenure is the head of the U. S. Central Command. But several lawmakers say it's important to maintain a civilian in that position. The ranking Democrat on the Senate Armed Services Committee, Rhode Island Jack Reed had given in on a waiver for General James Mattis under President. Trump said he wouldn't support one in the future. He is now wrestling with this. Others have said they'll oppose the waiver, including senators Elizabeth Warren Richard Blumenthal, who's on the Armed Services Committee and Jon Tester of Montana. But if the House and the Senate grant a waiver, which they both have to do, he'll likely still have plenty of votes to be confirmed. Hey, Mitch, who are the other potential candidates? Lawmakers might have preferred to Austin. Well, one of them would have been the first woman to serve as defense secretary Michelle Florida who's held various positions at the Pentagon and is very well respected. The House Armed Services Committee chair Adam Smith made it clear she was his first choice. Another candidate who had been talked about a lot was former Homeland Security Secretary Jay Johnson. But Biden is said to be very comfortable with Austin as his
On Student Debt, Biden Must Decide Whose Loans to Cancel
"This hour. We are exploring the ideas and the debate over forgiving student. Loan debt in the united states. A little earlier you heard the voices from some on point listeners. Telling us the impact that carrying student loan debt has had on their lives. We also heard from some listeners. Who did not support the idea of widespread. Loan forgiveness. I will lose my mind if they do that. Student loan forgiveness. When i went to college. I chose a college. That was a state school. Because that was what i could afford. I worked four jobs while i was in college so that i didn't have any debt when you take out you know what you're signing for and it's a choice. Life's all about choices. I'm not for it you know i. I guess i was lucky in that. I had a family who raised me to be wary of that Ultimately ended up joining the military. So i can pay for college. I just don't see where the equity is there so those are some on point listeners from west virginia and from new york professors. Odi the when we say equity right. I mean Nathan the caller. There used that that that very word it's being used in different contexts right like just in the previous segment. We talked about how the disproportionate impact of student loans on black students. For example. there's a. There's a kind of itchy trying to achieve equity there as well but i want to just get street to what does fairness mean here because i think you probably remember from the presidential primaries last year gotta might as well be five hundred years ago but it was last year. There was a moment where think it was in iowa. Where an iowa voter confronted senator elizabeth warren about this idea of student loan debt forgiveness and the voter was saying like hey. His daughter's getting out of school. He saved all his money and even worked multiple jobs so that she didn't have to have any student loans. So would he get that money. Back and senator. Warren said no and he just infuriated him because he he made the decisions to not give his daughter a legacy of debt And there would be no payoff for that or no. Other people who chose the debt path would have forgiven. So what do you think about that. Fairness question yeah. I think it's an interesting question i mean. What does fairness in this instance. Let's say we don't cancel any of the debt. He's still not going to get that money back. But it might prevent you know the next generation of people from having to work multiple jobs and do all of this Extra work to get their children educated so failing to cancel anyone's debt doesn't really solve problems here. You now Would also we does doesn't solve problems in terms of like the underlying cost of higher ed correct and also then. The same thing will just continue to happen. Is it fair to that guy that everyone else must suffer the same way. Okay well so. But i mean failing to cancel. That doesn't solve that problem. But how does cancelling the debt solve the problem of very expensive higher education in this country. I think that it has to go hand in hand with policies that address. That exact problem the fact that the college tuition year over here has increased far beyond inflation. And they're just like structural issues at universities. I think that a lot of these universities. They've had to invest so heavily in responding to the corona virus and they are out of resources and local and state governments are also low on resources. So it's likely the federal government is going to have to invest in these institutions of higher education. So it seems like a good opportunity to deal with that underlying problem at the same time as as as addressing what we've been doing for the past several decades the fact that that yeah no no no. I didn't mean it up you there but I'm agreeing like this. This to me is the core issue. Cancellation are no cancellation's short-term decision with an with impact on yeah forty-three potentially forty three million americans right now but does it you. You were talking about next. Generations do really anything to via the problem for them. There's one more question to ask about fairness and feel free to tell me that. This is a terrible comparison. But you know every single day mean especially after the financial crisis americans or the housing crisis. I should say from eight americans have been told. Don't buy a house outside your means but by the house that you can afford. Shouldn't we have the same encouragement for education. Yeah so that's interesting. I mean it might be a good opportunity. To contrast with what's happening in europe for example in denmark you get six years of free tuition room and board and a stipend to attend higher education. What they're going to have is an educated people an educated workforce and etiquette educated citizenry. If what we're going to say instead is if your parents are not wealthy don't go to a good school. don't go to an expensive school. I mean that's one way of building a society. I'm not sure that it's the best. One we know is going to be then financially. Racially socio economically exclusive. And that's not the idea that we have about america right. You're supposed to be able to go to school and move up in life. Higher education as a tool for social mobility and also and very often not even mobility but just hanging onto. Where wherever it is that you were able to achieve in the last generation just stasis just like being really part of a society. Most jobs require a college degree these days so we we want to tell people. You can't afford to go to school. So don't
Janet Yellen Set to Lead Treasury Department Under Biden
"Cabinet picks. Alejandro Mayorkas is said to be nominated as Homeland Security Secretary Tony Blinken is being tapped to be the secretary of state. Biden's pick for Treasury. Is winning praise the president elect reportedly has chosen former Federal Reserve chair Janet Yellen, who would be the first woman ever to lead the Treasury Department. Massachusetts Senator Elizabeth Warren calls her an outstanding choice, adding that she's smart and has stood up to Wall Street banks. Coronavirus cases in Children are spiking. The
Who Are Contenders for Biden’s Cabinet?
"Turn out of joe biden and his transition. The president-elect preparing name key members of his cabinet could top progressives like bernie sanders. Get the nod. What about any republicans. Nbc's kristen welker with late details on the contenders elect joe biden marking veterans day in philadelphia. Poignant moment for biden. Who's late son bo. Served in iraq biden later huddling with top advisers behind closed doors in delaware. Planning his white house and cabinet. Who might be on the list. Progressives are pushing to biden former adversaries former presidential candidate senator bernie sanders among the names being floated for labor secretary if i had a portfolio that allowed me to stand up and fight for working families. What do it. yes. I would. Senator elizabeth warren a possible contender for treasury. Although insiders say she may be a long shot and while former obama national security adviser susan. Rice is getting buzz as a possible. Pick for secretary of state democrats worry. She's a political lightning rod. Who would not get confirmed in a likely. Republican led senate giving new fuel to delaware senator and close biden friend. Chris coons for that job and still up in the air will by name a republican who supported president trump to his cabinet as a way to reach out to trump voters. One official tells nbc news. He's not ruling that out fight in earlier saying he wants his cabinet to be diverse. I wanted to represent this campaign. Represented look like america. We've done that now. That's ministration looked like an act like late tonight biden making his first staff announcement tapping ron claim to serve. As chief of staff clean was his former chief of staff when biden served as vice president. Kristen welker nbc news wilmington.
"senator elizabeth warren" Discussed on Radio Boston
"And commonly get elected and boy. We need to be talking about canceling student. One dead and attacking the climate crisis head on and talking about winter. We gonna get the universal childcare in universal pre-k for every three and four year old and protection and expansion of health care for all of our citizens. Those are the things we have to be fighting for aggressively. Because that's why we voted. That's what brought us to the polls and that's gonna keep us in the fight even after this election is announced even after the new people are sworn in because we want our elected officials to make this country work. Not just for a handful of rich people not just for racist. We wanna make it work for everyone. Let's let's talk about the democratic party for a minute minute ago. There you laid out. What was kind of a blue vision of how the election might turn out with. Everyone from senator marquee to biden and harris winning senator biden. Excuse me vice. President biden has ron vice. President biden has run as a moderate and there are going to be if he wins americans who feel that he has not been progressive. Enough in are worried that he was too much of a compromise and there are going to be americans who feel that he borders on what they would call socialist and is going to be to progressive. What do you expect. And how do we come together as a country across those ideological lines with joe biden presidency. I'm a want less interested in the labels. Then i and what we actually get done. Show think of it. this way. universal childcare universal pre-k student loan debt expanding social security raining in the influence of money in washington attack and climate change. Those are just The views of a small handful of arkan's that's things that the majority of americans support democrats republicans and independents so if we focus on the things that touch people's lives the things that the american people want to see us do. I think we can make this work. Because i i think it's about the things that draws together not the things that apart let's talk about the senate you're in the us senate we know. Democrats are hoping to take back the majority in the us senate should that happen. What do you think should be the top priority wants. The new congress is sworn in. Well we gotta make it more functional Partly that names down. We need to beat back. The influence of money giant corporations and partly. It means. we can't let mitch. Mcconnell happens.
Officials looking into video of ICE stopping a Black jogger
"Air pushing for answers over an incident on the V F W Parkway earlier this week, Senators Elizabeth Warren and Marquis along with representatives I, Anna Presley and Stephen Lynch, want answers. On Tuesday, Ice agents hopped out of an unmarked SUV. And stop the black jogger in West Roxbury. The agents apparently told the man they wanted to see his tattoos. The jogger. Then a prayer. Oh, recorded the whole thing on his phone. Warren Marquis, Presley and Lynch are concerned that his constitutional rights may have been violated. The Great Center Memorial Gym
"senator elizabeth warren" Discussed on KDWN 720AM
"By Senator Elizabeth Warren would not comment on the president's response to the Corona virus pandemic, But he did say there is a lot of misinformation out there. They discourage Americans from getting fascinated for cover. 90. I'm not sure. I know the answer to that question. I'm more focused on what we can do in the scientific community to try to explain how it is that these decisions get made and certainly working with the surgeon general. Gonna have to work really hard, though in the coming weeks and months to get the facts out there about how the decisions we're going to get made and how once we have, and I hope we will by the end of 2020. At least one safe and effective vaccine. What is the evidence that anybody would want to look at in making their own decisions? Discounting whatever political words, they heard whatever conspiracy theories popped up in their Facebook feed and actually saying, Okay, let's see what the doctors say. AstraZeneca's shot down one of three vaccines and late stage testing in the US, the epidemiologist who's modelling heavily influenced the British government to impose a lock down in March. Warning that fresh restrictions may have to be re imposed in coming weeks to deal with a rise in new cases. And Neil Ferguson said he's encouraged about the government spanning social gatherings of more than six people, but suggested that there would be an uptick in death in the coming weeks. So now is the time to respond. Meanwhile, British Prime Minister Boris Johnson a Boris Johnson announcing that six rule You must know. Meet socially in groups of more than six on If you do, you will be breaking. This will apply in any setting indoors or outdoors. Home or in the pub band will set out in moved on the set out in law on DH. It will be enforced by the police on anyone breaking the rules a risks being dispersed. Find.
"senator elizabeth warren" Discussed on MSNBC Rachel Maddow (audio)
"Do. We're back now with Senator Elizabeth Warren. Who announced today she suspending her presidential. Run A senator Warren. Thanks again for letting US invade your house to see the Dow dropped almost two thousand point again today. Tenure T. Bills are below zero point. Nine Percent Neil has up today which I think is maybe I But I know that means that people are noting their money there. It means me blur afraid to put their money elsewhere. Energy Stocks Airlines industrial sector banks financial sector. I mean everything is off And markets are not the economy but this now looks less like panic and more like what? The markets are reacting to is a global economic cliff. Dive you rose to national prominence around the last global financial catastrophe predicting it crucially helping explain it while it was happening and then trying to save us from its impact this crisis that we're going through now we're heading into now because of chronic virus is is different. Is it reasonable? To be worried that this might be a financial disaster of a similar scale. Yes do you think it is so understand it this way before? The Corona virus was on anybody's radar screen. This economy was already showing the cracks. A lending defaults loan defaults were up small businesses. Were were failing and not able to to help pay. They're not able to service their debts. There were declines in manufacturing kind of CONC- shaky signs in the economy problem number one in the Promo number to the trump administration had spent the bailout tools. So they've done this John Enormous tax break right and ballooned the debt and done rape cuts to juice. The economy and the consequences of this had not been investment in the real economy. It had been to stock buybacks that produce a lot of profits for a handful of folks at the top corporate executives but didn't didn't actually create more more more goods more services in the economy. So okay so you've gotta kind of Cranky Economy and you've got the tools spent down and then along comes to the coronavirus and now you're GonNa get hit again because it's things like supply chains the trucks that are stopped in China and just literally the stuff is just not coming over so manufacturers here in the United States the one hundred forty seven parts to put something together to send it out to those parts come from China. You're done you need the ingredients to be able to manufacture drug and two of those come from China. And you're just done on this show that starts twisting the economy then. Partu you have an economy right. Now that he's deeply interrelated five big banks in America now and they're not only here. They're tied all around the world so as soon as one of these businesses that can't do its manufacturing or can't produce. It's drugs because it has supply chain problem can't make a loan payment and you start stacking those up all of a sudden those banks are. They're in trouble themselves more defaults on the loans. The bank starts to get into trouble because like what happened. In the mortgage market more defaults the default start to stack up and the risks starts to go now. The banks have already tried to seize advantage this instead. I know reduced supervision of the Beck's very bad idea right. This is not the time to reduce supervision the bank. But that's the the second problem and this then there's a third problem and incompetent administration and competent administration is like its own natural disaster. When you've got a president who engages in magical thinking and says no I decided the only he decided there were only fifteen cases and they would all be gone by April and whatever it is he decides like Gosh. It almost doesn't matter what he dislikes. The point is he's not listening to the scientist. He's not listening to the experts on this end thin. He picks pence the person in the White House. Who's really going to be in charge of this? He picked the one person who actually has experience with a health care crisis. And that was back in. Indiana and Mike Pence was in charge as governor and made it a whole lot worse. It's it's like the worst of all connections here so if we were doing our dead level best and going to add this mart. We've been working on the corona virus. We would be working on the tests as you talked about it in the top the vaccines we would set aside a big fund for money so that we now would let anybody take sick. Leave who is diagnosed. People can keep themselves inside and try to. We slow down the spread a lot of steps. We could be taking the not take them. They're engaged in the magical thinking but there are also steps we could be taking on the economic front and it's not just a rape cut. It's actually we need to be talking about stimulus now and look how they did. The tax cuts and ran the debt up. And that makes it a lot tougher for us to get stimulus through now sell so all. These pieces are related to each other and no never good the amazing we had a president who understood all those things all at once could like spout off in them at the top of her head without notes. No warning that I was GonNa ask you that will be right back recipient or Elizabeth Warren who today announced the end of her presidential campaign. It's a consumer watchdog color berries. Me Are you. Can I tell you so? Bailey ate a Burrito today. Because he was he had his own feelings about the end of the campaign he just came over and ate some of my notes. Do you want to know what question he ate? What what question did he ate the Michael Bloomberg debate question? Are you your mommy stocks? She'll do you want to take another bite out of crime rate. Take another Senator Warren It's been an odyssey this year. It's been an honor to be able to talk to you multiple times throughout this campaign and to be here today on the day that you decided close up shop is real real honor and we really take it seriously and thank you thank you. I so much appreciate your having me. I look forward to your next act. I have a feeling that you've out funk us all on this surprise us fair enough. Yep Okay that's going to do it for us. We'll see you again tomorrow under the weight. You'll meadow show. We rented nine eastern on MSNBC..
"senator elizabeth warren" Discussed on MSNBC Rachel Maddow (audio)
"Week. I'm why is this happening? Search wise is happening wherever you're listening right now and subscribe. I like to talk about who were running against. A billionaire who calls women fat broads and Horse Taste Lesbians and no I'm not talking about Donald Trump. I'm talking about mayor. Bloomberg Democrats are not going to win if we have a nominee who has a history of hiding his tax returns of harassing women and of supporting racist policies. Like redlining and stop and Frisk. Say what you really mean. I think I get what you're going out. But Senator Elizabeth. Warren's living room is the site of our interview this evening in Cambridge Massachusetts Senator Warrenton as announced the suspension for presidential campaign. Senator outlasted Mike Bloomberg in this campaign. Kill was he still in that race. He was still in that race but nobody could tell after destroyed him on the debate. Stage that way a lot of post-mortems on his campaign a credit you basically was single handedly. Tanking his candidacy with the way. You took part in that debate do you. Is that what you were trying to take credit? Sure but the point is he's not going to be. The Democratic nominee shouldn't be the Democratic nominee. In my view. He was absolutely the riskiest candidate for Democrats on that stage. And let me tell you part of the reason. Why all of those things in his history mean that he could never launch any of those attacks against Donald Trump. Think about the things we are going to need to talk about hiding your taxes. History with women embracing racist policies. When you're in charge helping bazillionaires and leaving everybody else behind. Shoot he wouldn't even be able to launch the autocrat argument against him because Michael Bloomberg is the guy who when he was mayor literally got the change in the laws so he can hang onto power longer so from my perspective the idea that a billionaire would just spend enough money to buy his way onto the stage and then not be able to be an effective candidate against. Donald trump is not not good for democracy. The billionaire buying way on and not good for Democrats. A guy who I think would have had the worst chance against Donald Trump Bloomberg in dropping out quickly decided that endorsed Joe Biden. Today he announced the formation of an independent expenditure That will both try to elect Vice President Biden to oppose trump and support down ballot Democrats presumably. The checkbook is still infinite. Nbc reporting that. This effort is going to include field offices in Arizona. Florida Michigan North Carolina Pennsylvania. Wisconsin all crucial swing states. That's what he's going to keep spending money and keeping people on the payroll to do. Should he be doing? Yeah I mean this is playing by the rules. Are The rules of our government? Right now are and until you can either get a deal among the candidates themselves which are not going to get within all of these races and certainly not with Donald trump or until we change the laws. Those are the rules and I don't like the fact that we have unlimited spending our campaigns. I have a whole democracy plant. Hey Elizabeth Warren DOT COM still up agreement. Plans about how we could change that but until we do. It's important that we have the resources to be able to elect a president and it's important that we have the resources to be able to elect down ballot Canada which is basically the feeling that you had about the pack that was formed without permission to support you. You said you weren't gonNA accept SUPERPAC support but when a bunch of women went ahead and did it anyway. You said well you're not going to tell them to cease and desist. What but remember after every other person on that stage except amy also had super pacs are spending and spending and spending. I had from the first stay said. Let's not do this. It's Democratic primary. Maybe you're going to have to do this. Energy General Right. Let this happen but it's a democratic primary. Let's not do this. Could we? All just agree all the candidates you know how many candidates went along with that so we.
"senator elizabeth warren" Discussed on 77WABC Radio
"Senator Elizabeth Warren ending her campaign for the democratic nomination it was perhaps it's simply a question of when senator Elizabeth Warren would enter bid for the democratic nomination and after telling staffers she spoke with reporters but I guarantee I will stay in the fight for the hard working folks across this country have gotten short end of the stick over enough warrants poor super Tuesday showing laughter with just sixty one delegates total while Joe Biden and Bernie Sanders rose to the top of the battle warning centers vying for the same hard progressive voters but clashed over whose idea of Medicare for all was better the main question was whether she would endorse either man not based around this would take a little time to think a little more but Costantini Washington reaction from Bernie Sanders today is a difficult day for several more I have known some of the warm for some twenty years and she was very focused very disciplined very hard working former vice president Joe Biden taking to Twitter to commend worn for her fierce campaign he calls her a champion for middle class families and says he looks forward to her continued work in the Senate to school district in Westchester county closing their doors today because of the corona virus outbreak the first to do so in New York state sixteen schools the Mount Vernon in Hastings on Hudson three schools have shut down for deep cleaning this after a student at Columbus school and one at Rebecca Turner elementary in Mount Vernon were quarantined for possible exposure to corona virus either directly or through their parents there's also a connection in Hastings ten people in Westchester have tested positive for covert nineteen including a newer show lawyer hospitalized in Manhattan I'm certainly counselor for seventy seven W. A. B. C. news New York City mayor bill de Blasio announced this morning that two more people in the city have tested positive for cove in nineteen he says the new cases involve a man in his forties and a woman in her eighties deblasio says it's another fresh case of community spread as there is no known link to travel to covert nineteen hot spots the blood zero says we're going to see more cases like this and is urging new Yorkers to be prepared and vigilant not alarmed I'm Kristin marks for seventy seven WABC news there now twenty two cases in New York one on Long Island and to presumptive cases in New Jersey stock markets tumbling once again the Dow down nearly a thousand points the travel and hospitality sectors have taken a big hit on Wall Street companies with a large international footprint are anticipating disappointing earnings for the first quarter of the year quarantines and states of emergency have been expanding around the world Steve casting down reporting spring training games tags over the yanks fifteen eleven massacred ending.
"senator elizabeth warren" Discussed on The Beat with Ari Melber
"Yourself a low from me I mean that's not something that you do to your comrade there. Is this part of it. I wonder as my final question you as a student of politics. A lot of Washington Democrats whether they were right or wrong didn't take sanders seriously. For a long time we've covered on this show The serious support. He has a lot of people who believe in Him and his movement. But that's the other tension here and it goes both ways because sanders is now claiming he's tight with Obama. We don't have evidence. They were all that tight back that no we don't and awfully I don't I don't think it's just a question of the relation to that particular person is. What's your relationship to the parts of the coalition that put Obama into office in Song? See Biden has had very strong support among African Americans but people cannot dismiss that. Bernie's done very well for Latinos and with younger people which are also cornerstones that the Obama coalition so that is why for Democrats to win. All of that is going to ultimately have to come together because Bernie and Biden different parts of the Obama coalition. And that's gotTA GET UNIFIED TO WIN IN NOVEMBER. Really interesting points as well. And you're speaking also about. How do you compete? While showing some respect which is a feature of most successful primaries. Can I give a shout out to your your podcast Steve? That would be great new episode. Drop today new episode dropping democracy and color with Steve Phillips. Get it where you get your podcast. Thank you sir. Thanks for having me on absolutely appreciate you Elizabeth. Warren's departure has a huge debate going over gender power and sexism and politics that special guest I mentioned is with us when we're back in thirty seconds..
"senator elizabeth warren" Discussed on The Beat with Ari Melber
"We are live from Los Angeles. This state is still counting. The votes and awarding further delegates which could tighten this race. But we begin tonight with this. I will not be running for president in twenty twenty but I guarantee I will stay in the fight for a hardworking folks across this country which would be the women and girls who feel like we're left with two white men to decide between I know one of the hardest parts of this is all those promises and all those little girls. We're going to have to wait four more years. That's going to be hard. It's going to be hard. This is a long way from a quest that began about fourteen months ago when Senator Warren who spent most of her life outside of politics completely announced presidential campaign by invoking women leaders in Labor organizing a group of women who worked right here at the evert mill discovered that their bosses had cut their pay and fat was it. The women said enough is enough. These workers led by women didn't have much. They didn't even have a common language. Nevertheless Day persistent nevertheless persisted. Warrants campaign began with that. Invocation of women labor organizers gender equality and labour organizing economic equality and it did strike a chord with many Democratic voters along the way and a field that span more than twenty five candidates. Warren surged ahead at some polls in the beginning she was often cited by many Democratic voters as second choice to a more favored candidate this week though she came in third in her home state of Massachusetts which she does remain a very popular senator. A sign that even her own constituents ultimately preferred that she key per day job than take on this race against trump that shutout followed a primary season where she did not carry any other states. Warren's exit after senators club which are embarrassed means the only remaining candidates with a substantial number of delegates enough to claim the majority are now Biden Sanders. Tulsi Gabbard is in this race. We should know she has to delegates so it has become what is sometimes called a quote two man race at a time when gender is such a key issue for this nation and especially for the would be Democratic Party coalition on one hand more Americans voted for a woman in two thousand sixteen in for Donald Trump a reminder that overall those Americans came out and said they were ready for a woman president and there were more of them trump voters in the most recent national election. There was a blue wave powered by among other factors women. Voters women out at a higher rate than men overall and remember. This voted for a Democratic House. Majority by a whopping nineteen points on the other hand though the Democrats choices to run against seventy-three-year-old Donald trump are now either seventy-seven-year-old. Joe Biden Four. Seventy eight year old. Bernie Sanders today. Warren declined to rush into endorsing. Either one.
"senator elizabeth warren" Discussed on KLBJ 590AM
"State senator Elizabeth Warren is surprisingly locked in a three way race with a month senator Bernie Sanders and Biden at least twenty five dead in Tennessee after a series of tornadoes struck overnight one o'clock in the morning a massive hundred sixty mile per hour tornado dropped right down at the sky here people heard the warnings and had a moment to make life or death decisions the worst of it could be about eighty miles to the east in Putnam the damage is so intense they're still going door to door to try and find the dead it's tough getting around with downed power lines down phone lines boxes T. Harrigan and Nashville early National Weather Service findings indicate the damage in Nashville in Wilson county to the east was inflicted by at least an EF three tornado despite a move by the fed to slash a key interest rate to calm fears over the coronavirus the Dow sank seven hundred eighty five point American this news is brought to you by Austin clinic for men news radio kale BJ on John Cooley topping Austin's news latest quarterly stats on the Austin police department show officers are still struggling to hit the response time goals assistant chief Troy gates says that was the case for the critical situations that APD classifies as P. zeros in October seven fifty five eight oh three in November our target is six forty four APD's P. one calls which are slightly less critical have an average between nine minutes and twenty nine seconds in nine minutes and fifty five seconds also public health reports that they are investigating at least one person possibly infected with the corona virus they say the people meet with the CDC's guidelines for testing I don't have those results back later today or tomorrow and also an arson investigators believe they've arrested the man responsible for torching a sculpture of a grackle outside of Austin city hall sixty seven year old homeless man Rodney cook is charged with felony criminal mischief no motive was given your kale BJ radar weather watch low sixty two high seventy three get Austin news on demand at newsradio kale B. J. dot com Hey it's the three you loading up on things from Walmart yeah I use my new Capital One moment awards card it is unlimited five percent back on everything I buy from Walmart online see what's five percent back five percent what the couple one Walmart rewards card earns unlimited rewards including five percent back at Walmart online on top of America everyday low prices what's in your wallet terms and conditions apply Capital One USA an EA millennials the entitled dreamy technology reliant eighteen to thirty four year olds are about to move into their purchasing power are you ready contrary to what you may think millennials are very observant and have introduced new corporate expectations into the market ninety percent of consumers will switch brands to one associated with the good cars given similar comparisons how do we know insiders a group of people that uses advertising for good how can we improve your community visit I. N. C. I. T. in fact.
"senator elizabeth warren" Discussed on 106.1 FM WTKK
"Vegas senator Elizabeth Warren received about ten percent of the caucus votes followed by seafood ejection America's worst thing forty five seconds fifty hello.
"senator elizabeth warren" Discussed on WTVN
"Senator Elizabeth Warren thinks she has what it takes to win the democratic nomination for president in two thousand twenty. She announced her candidacy in Massachusetts later in Dover, New Hampshire Warren declared a rigged system squeezing so-called average Americans path has gotten rockier and steeper for hardworking families across this country, and for people of color, it has gotten even rockier and even steeper and I am here because I believe we need to change that Minnesota Senator Amy klobuchar announces her candidacy on Sunday. Turkish authorities raised the death toll from Wednesday's apartment building collapsed in Istanbul to eighteen and blamed illegal construction. It was an eight story building that collapsed. With officials say was supposed to be only six storeys someone illegally built the top two floors with substandard materials. You're listening to ABC news. Lately, it seems like everything we use everyday is getting an upgrade from the bed. We sleep in to the razor we use when we wake up, but we've neglected one of the more impulsive products in a daily routine that old worn out toothbrush..
"senator elizabeth warren" Discussed on WTVN
"Senator Elizabeth Warren now officially running for the democratic presidential nod and Dover New Hampshire a minimum wage job in America full-time will keep a mama and a baby out of poverty, and the reason for that is a Washington that today works for the rich and the powerful instead of for working families. And that's why I'm in this fight Virginia Lieutenant governor Justin Fairfax is reaffirming his decision to not step down after two women came forward with accusations of sexual assault. Fairfax issuing a statement in the past hours again denying the allegations a nationwide manhunt for a disbarred attorney who police. Say killed his mother when he was supposed to turn himself in a Georgia prison. Witnesses who testified at his trial say they now fear for their lives ABC's aerial Russia. Richard merit considered armed and dangerous. The forty four year old sentenced to thirty years behind bars after pleading guilty to stealing money from clients and elder abuse. Last Friday merit was supposed to turn himself into a Georgia jail. But instead a thorny say merit fatally stabbed his own mother. Shirley, then allegedly cut off his ankle monitor and took off in her Lexus enough along the Venezuelan border as a major highway crossing from Colombia's barricaded, then as Waylon president Madero blocking entry for American humanitarian aid. You're listening to ABC news. Ever wonder why European seemed to speak so many languages, maybe it's because they use babble the number one selling language learning app and Europe. Babbel's award-winning technology gets you speaking right away. Whether you're learning Spanish, French or German and best of all you'll remember what you've learned. I always thought I was bad at languages, but after using babble, I can tell you. I.
"senator elizabeth warren" Discussed on WBZ NewsRadio 1030
"Senator Elizabeth Warren is running for president. WBZ's? Karyn regal is live in Lawrence. With a Senator made her big announcement today. Karen? Senator talked about voting rights you talked about income inequality. She talked about making Washington. Let's. Well, if you will talking about getting rid of lobbyists talking about removing money from the equation, she said, she would do that in her own campaign, and she encouraged other candidates to do the same. And by the way in case it wasn't abundantly clear. She said I am a candidate for president of the United States. She had opened an exploratory committee which allowed her raise money that happened several weeks ago tiger home in Cambridge. This was the official announcement standing before the great stone mill in Lawrence facing the word mills on the other side. A crowd of a couple of thousand turning out to hear the Senator from Massachusetts. The senior Senator from Massachusetts. Make this announcement reporting from Lawrence Karyn, regal WBZ NewsRadio and keep it tuned to WBZ NewsRadio for more this afternoon catches to on the free iheartradio app or on your echo device by saying play WBZ NewsRadio. Oh on iheartradio. Senator Warren is not the only hat being thrown into the presidential ring this weekend. Minnesota Senator Amy klobuchar is expected to declare run for the White House tomorrow at an outdoor rally along the Mississippi River, Hernandez comes amid reports that former majority leader Harry Reid once confronted her about being verbally abusive to staff Virginia's Lieutenant governor is facing intense pressure to resign after a second woman accuses him of sexual assault Durham, North Carolina. Police say they have no record of an alleged rape involving embattled Virginia Lieutenant governor, Justin. Fairfax a woman says he sexually assaulted her. While they were students at Duke University in Durham in two thousand Fairfax is under intense pressure to resign after two women came forward with sexual assault accusations against him in his first interview since the black face scandal began Virginia governor Ralph Northam tells the Washington Post he will finish his term of office, and pursuing agenda of racial reconciliation, the trumpet. Administration is hosting a retreat for members of congress today. More from CBS's Steve Dorsey at the White House. The White House is hosting a group of Capitol Hill lawmakers at Camp David the rusted compound in Maryland, that's hosted key peace accord, talks top administration officials say it's an opportunity to build bipartisan relationships, but discussions are expected on efforts to pass a bipartisan border security package to send the President Trump as a short-term spending deadline approaches. No senators were invited to the meeting..
"senator elizabeth warren" Discussed on KTAR 92.3FM
"At things out there that could be impacting the economy, and perhaps ultimately politics in this country, and among those would be the issue of drug prices. And also you note in an article you wrote consumers would greatly benefited from the reins being pulled in on the consumer financial protection bureau the Cy at PB. What does it do? And what should it be doing? That's a great. That's a great question. It was independent agency under the treasury created after the financial crisis in two thousand eight part of dodd-frank what it was supposed to do is provide an extra layer of consumer protection on financial services. The ones that helped lead to the crash subprime mortgages, subprime loans and the like what it did become as a feifdom of very liberal attorneys. Several hundred attorneys were hired. It was the brainchild of Senator Elizabeth Warren, and was the first thing is that it was very very well funded over two hundred attorneys there had salaries higher than every governor in in the country which was a first red flag. But then what they started doing is employing a political agenda that they couldn't get through in congress and starting regulating industries and enforcing actions against people like who provided auto loans and small loans and other. Or financial industries, which really did not have any consequence whatsoever. Hit a financial crisis, and that's been really bad for consumers. It's been bad for access to credit for the price of credit. And they really just went off the rails. It has a new director now pointed by President Trump, Kathy crane, injure, and she's more of a sober matter of fact, efficient and reasonable administrator. She's not going to employ left wing agenda in attacking the financial services industry. Now, clearly, of course, there were problems that came out of twenty eight foremost among them, of course, the the liberal notion that everybody should own a house. We can't expect everybody to automatically be credit worthy and show the discipline necessary to do that. So we'll just simply change the rules. And and set up a lot of people for a nasty failure on purchasing a house, clearly that sort of activity should have been curbed. But that was that started with people like Barney, Frank. Yeah. Yeah. Absolutely. There are plenty of people who raised warning signs prior to the crash that the an agenda of giving away loans for people who could not afford them is not really helping people, and it wasn't helping the economy, and certainly when those loans were package as part of investments and derivatives yet all came everyone can think back to ten eleven years ago. Remember, just what is disaster that was and how many people had hurt. So what if we should be doing is monitoring in overseeing banking regulations? I mean, a lot of people questioned whether it actually needs to exist. Given the fact that we do have the FTC, and we have a treasury department, and we have an x t c that is that regulates that regulates banks and commercial practices..
"senator elizabeth warren" Discussed on KQED Radio
"Usually less than a million dollars then well sparkle also has its private bank which is another kind of sean or tear up that has about eighty thousand clients and those folks are typically investing more than two point five million the federal reserve recently sanctioned wells fargo and put limits on its growth and then just this week the ceo tim sloan got this huge thirty six percent raise in two thousand seventeen or at least it was announced can you tell us what the bank has done or what it is doing to clean up these issues pick great question a lot of people are curious why does the ceo get this huge raise when all these problems are continuing to happen or new ones are coming out there's one explication which is that tim on salary in two thousand sixteen only accounted for him leading the bank and being ceo for a couple of months of the year so in some ways it's natural that it would go up still you know there are a lot of problems most of the banks top executives did get raises and two thousand seventeen and i think that's caused a lot of folks to raise eyebrows including senator elizabeth warren of massachusetts who has very much been vocal about her displeasure with the bank wells fargo has done some work to clean up and you know we we do want to acknowledge that they've refunded a lot of money to customers who were impacted from the retail bank sales taxes problem they are in the process of refunding more than one hundred million dollars for auto loan or mortgage past tumors who were improperly charged over the years however problems continue emerging the bank has not fired everybody some people were allowed to retire and i think they've still got a long way to go emily glazer of the.
"senator elizabeth warren" Discussed on KQED Radio
"Practices investigation the department of justice the securities and exchange commission and a whole bunch of other regulators from different parts of the country are involved in and have been for the last eighteen months it was very focused on the retail bank or wells fargo opened up to three point five million accounts without customer's knowledge or authorisation and now they're adding wealth management to that million people that are commonly referred to as mass affluent so that would be investing usually less than a million dollars then well sparkle also has its private bank which is another kind of ashkelon or tear up that has about eighty thousand clients and those folks are typically investing more than two point five million emily the federal reserve recently sanctioned wells fargo and put limits on its growth and then just this week the ceo tim sloan got this huge thirty six percent raise in two thousand seventeen or at least it was announced can you tell us what the bank has done or what it is doing to clean up these issues too go up still you know there are a lot of problems and most of the banks top executives did get raises in two thousand seventeen and i think that's caused a lot of folks raised eyebrows including senator elizabeth warren of massachusetts who has very much been vocal about her displeasure with the bank well federal has done some work to clean up and you know we do want to acknowledge that they've refunded a lot of money to customers who were impacted from the retail bank sales taxes problems they are in the process of refunding more than one hundred million dollars for auto loan or mortgage past moore's who were improperly charged over the years however problems continue emerging the bank has not fired everybody some people were allowed to retire and i think they've still got a long way to go emily glazer of the wall street journal published a story today on the.
"senator elizabeth warren" Discussed on Pod Save America
"Senator elizabeth warren a democrat from massachusetts in member of the senate banking committee and a friend of the pod not necessarily in that order senator thank you so much for doing the show today oh glad to be here with you so senator on the ten year anniversary of the collapse of bear stearns the senate passed what the washington post described as the biggest loosening of financial regulations since the economic crisis the bill passed sixty seven to thirty one it would reduce regulations on more than two dozen banks supporters say it helps community banks and credit unions and will spur economic growth opponents call it the bank lobbyist act opponents like yourself that could set the stage for another crisis we've talked about this bill before on the show and among ourselves and honestly none of us get why democrats are supporting this we don't get why you would move systemically important financial institution from fifty billion in assets to two hundred fifty billion we don't get why you'd weaken rules to prevent lending discrimination you're an expert can you explain why some democrats are supporting this bill and why you oppose it look this is about everything that's broken in washington so it's just like you said can you believe here we are it is ten years to the day from the beginning of the two thousand eight financial crash and now we've got some democrats who joined republicans to rollback the dodd frank rules and the consumer protections that have kept our economy safe for a decade and can i just tweak that up a little bit this is i can't describe how many ways this is a bad idea as you identified what it's going do is going to take a bunch of banks that right now if you're above fifty billion dollars in assets rana special watchlist nets about forty banks and it means they get more scrutiny they have to undergo stress tests why because they could put the entire economy at risk and what this bill does is it says you know about twenty five of those forty.
"senator elizabeth warren" Discussed on KMET 1490-AM
"That's how i remember it that's how i remember it so so i don't know what they're what they're cheering about but college kids college kids are just not being fed fed their minds what they need to hear not surprisingly senator elizabeth warren gave a commencement speech this year to speaking at the university of massachusetts in amherst worn user speech to mobilise uninformed students to take what they don't know and use it to influence government the point i want to make a point about democracy our country our democracy is not a machine or run on it sounds it needs you out there fighting for what you believe in and here's why if elected officials don't hear from people like you then the policies will be set by the people they do here from and believe me they hear plenty from corporate see us from wall street from giant corporations and from others who's been packets of money to make sure that their interests are heard and here's the thing you're elected officials are increasingly working only for the few the very wealthy few and they are setting policies only to benefit the few the very wealthy few and if that doesn't change soon than this country will fundamentally change it is your world your future oh that is on the line so i am here today to ask you to get engaged in when i was in high school college i wanted to be one of the wealthy few and you know how you learn to be wealthy is hanging around wealthy people that's how that's how you learn because the difference in wealthy people in poor.