35 Burst results for "Seventy Billion Dollars"

Shorthanded Sixers win...LeBron like before

AP News Radio

01:00 min | 7 months ago

Shorthanded Sixers win...LeBron like before

"AP sports I'm check Freeman the quarterback carousel is happening in the NFL Matt Ryan is the latest on the move the twenty sixteen NFL MVP was dealt from Atlanta to Indianapolis for a third round draft pick of the NBA where Philadelphia did not have key pieces Joel Embiid and James harden who sat out with injuries still the Sixers had enough to power by Miami in the fourth quarter one thirteen one oh six lebron James went back to Cleveland scored thirty eight leading the LA Lakers past the cavs won thirty one one twenty light schedule in the NHL Brad Marchand's goal in the O. T. with the Boston over Montreal three to to make the mackinnon scored in the O. T. as Colorado beat Edmonton three to the Minnesota wild trade for Chicago goalie Marc Andre Fleury's baseball Ryan McMahon agrees to a six year seventy billion dollar deal the state of Colorado seven women's college basketball teams advance to the Sweet Sixteen top seeded North Carolina state along with Michigan Tennessee Notre Dame Ohio state Indiana Arizona and UConn Chuck Freeman AP sports

Joel Embiid NFL La Lakers Matt Ryan Brad Marchand James Harden O. T. Freeman AP Sixers Indianapolis NBA Lebron James Atlanta Marc Andre Fleury Philadelphia Cavs Ryan Mcmahon Miami
"seventy billion dollars" Discussed on TIME's Top Stories

TIME's Top Stories

04:04 min | 1 year ago

"seventy billion dollars" Discussed on TIME's Top Stories

"To provide additional benefits and felix emerged as an advocate. For working mothers in sports she has since raised awareness about healthcare inequities facing black mothers. Who are three to four times more likely to die. During delivery than white mothers after detailing her dispute with nike and a new york times op ed and departing. The company felix signed an apparel deal with athletic becoming the first athlete. Spokesperson for the female focused brand that partnership felt like a statement and it opened a path for simone biles who joined up with athletic and eight zero to make similar move felix will remain with atlanta which will offer the same one shoes on its website. Starting in august with sage however felix is taking full agency over her legacy after leaving behind a sports industrial complex that from her perspective treated women and mothers felix is creating her own ecosystem accompany and product built by women. The engineer and designer of the say schwann are both female former nike employees for women. The women's footwear market felix says has been under served and diminished by a so-called shrink. It and pinkett mentality too often. Women sneakers are not designed for the contours of a woman's foot. The sage one design includes a narrower. He'll than typical running shoe and a wider four foot for a relaxed fit. Women sweet says say head of products tiffany beers. A former nike product. Engineer are typically never at the heel and wider at the forefoot than men's feet relative to the rest of the foot aesthetically designed seeks to incorporate the look of a wrap dress onto sneaker draped over contoured lines that resemble law running track. It's really about meeting women where they are. Felix who lives in the los angeles area tells time while driving to a late may training session at ucla. It's four that woman who has been overlooked or feels like their voice hasn't been heard. That was the biggest thing. When i spoke out was hearing from women across industries and having such a connection there feeling like it's so much bigger. There's just that power in the collective when some investors i heard about the idea for say they were underwhelmed my first reaction was to try to talk them out of it says mayor de more founder of watershed asset management. A hedge fund based in the bay area footwear is a saturated market while say isn't positioned as a direct competitor to nike big legacy companies like nike market cap. Two hundred nine billion dollars and adidas nearly seventy billion dollars still dominate. Does the world really need another sneaker direct to consumer startup fashion brands like all birds valued well over one billion dollars and rossi's offer inspiration and competition.

nike adidas los angeles atlanta Felix august new york three felix rossi both billion dollars first reaction four times first athlete Two hundred nine nearly seventy billion dollars sage over one billion dollars one shoes
"seventy billion dollars" Discussed on The Phon Cast

The Phon Cast

02:15 min | 1 year ago

"seventy billion dollars" Discussed on The Phon Cast

"He don't have a hundred and seventy billion dollars in assets i guarantee that so in a cryptocurrency with limited coin. A little coin out there. He's not going to be able to to justify being Being a hundred and seventy now switch he will lose a lot of is money a lot of money so anyway. This is why they don't want that. They want to be able to print all create as much money as they want when they want it. They don't want to limit it so she was critical of of stable coins in other assets not backed by regulatory oversight. Did you hear this. i'm saying it. She was she was critical of stable coins. Stable coins and other assets not backed by regulatory oversight and washes and the next thing is tell you what stable coins are crypto currencies plunged in violence in volatile trading last week s china announced. It would crack down on mining due to financial risk in after tesla inc said it would no longer accept payment from bitcoin. So now we know nowadays elon. Musk is white is black. I'm re one more thing memorial says is about maybe three or four paragraphs now from that fed chair. Jerome powell another fed chair member state last week that the bank would publish a research paper on central did affect or central beg digital currency this summer and seek to engage abroad group of stakeholders. He said crypto currencies have not served as a convenient way to make payments Why because they're beat because of their swings in value and added that so cost stable coins whose value are tied in reserve currency are likely to attract more scrutiny.

Musk three last week tesla inc four paragraphs a hundred and seventy china Jerome powell this summer a hundred and seventy billion fed one more
Biden to Propose Nearly Doubling Capital Gains Tax for Wealthy

The Breakdown with NLW

01:07 min | 1 year ago

Biden to Propose Nearly Doubling Capital Gains Tax for Wealthy

"Yesterday the big news story was biden's intended increase in the capital. gains tax. President biden is set to propose nearly doubling the capital gains tax rate to thirty nine point six percent. The stated goal of this is to pay for social spending that addresses inequality urban brookings suggests that it would raise three hundred and seventy billion dollars over a decade for those making a million dollars or more of the new top rate when combined with the obamacare levy would be forty three point four percent. That's supposed to a current base rate of twenty percents and it's even worse for new yorkers and californians where new york would be as high as fifty two point two two percent and california would see taxes of fifty six point seven percent. These central political argument will be wages and well should be treated same on one. Side versus investment capital encourages the development of the infrastructure of the future on the other side. What's clear is that the stock market does not like this. It slid the most that it has a month. of course. this isn't yet official. Biden will detail. His american families plan in joint address to congress on april twenty eight th that will include whatever final proposal is.

President Biden Biden New York California Congress
Capital-Gains Tax Hike Is on Biden's Radar

CoinDesk Podcast Network

01:07 min | 1 year ago

Capital-Gains Tax Hike Is on Biden's Radar

"Yesterday the big news story was biden's intended increase in the capital. gains tax. President biden is set to propose nearly doubling the capital gains tax rate to thirty nine point six percent. The stated goal of this is to pay for social spending that addresses inequality urban brookings suggests that it would raise three hundred and seventy billion dollars over a decade for those making a million dollars or more of the new top rate when combined with the obamacare levy would be forty three point four percent. That's supposed to a current base rate of twenty percents and it's even worse for new yorkers and californians where new york would be as high as fifty two point two two percent and california would see taxes of fifty six point seven percent. These central political argument will be wages and well should be treated same on one. Side versus investment capital encourages the development of the infrastructure of the future on the other side. What's clear is that the stock market does not like this. It slid the most that it has a month. of course. this isn't yet official. Biden will detail. His american families plan in joint address to congress on april twenty eight th that will include whatever final proposal is.

President Biden Biden New York California Congress
A Look Inside The COVID-19 relief bill Passed By Senate

TIME's Top Stories

05:15 min | 1 year ago

A Look Inside The COVID-19 relief bill Passed By Senate

"The senate passed a one point nine trillion dollar covid nineteen relief. Bill here's what senate by elena abramson the senate on saturday afternoon narrowly passed a one point nine trillion dollar cove nineteen relief package a key milestone for president joe biden to ink his first legislative priority into law the avalanche of federal dollars which clock in at approximately nine percent of the country's gross domestic product includes fourteen hundred dollar checks for middle and lower income. Americans extend unemployment insurance through much of the summer and provides seventy billion dollars to increase vaccine distribution and coronavirus testing. The bill was passed entirely along party. Lines with all senate. Democrats supporting it and all republicans opposing. This nation has suffered too much for much. Too long biden said in remarks from the white house on saturday. Everything in this package is designed to relieve the suffering and to meet the most urgent needs of the nation and put us in a better position to prevail starting with beating this virus and vaccinating the country. The house which already passed version of the bill on february. twenty seventh is slated to vote on the amended. Text on tuesday before sending it to biden's desk so he can sign it into law. Here is a look at six major components of the bill direct payments for millions of americans under the senate plan individuals making up to seventy five thousand dollars in couples. Making up to one hundred. Fifty thousand dollars per year are eligible to receive a fourteen hundred dollar check individuals. Earning between seventy five thousand and eighty thousand dollars and couples. Earning between one hundred fifty thousand dollars. One hundred sixty thousand dollars will receive some of that money but not the full amount. The eligibility thresholds are a change from the house's initial version which kept the threshold at one hundred thousand dollars for individuals and two hundred thousand dollars for couples senate. Democrats lowered the eligibility for the stimulus checks to get all democrats onboard after resistance from some moderates in their party. The decision means that an estimated seventeen million americans who received a check under former president. Donald trump won't get one under biden. According to a study from a nonpartisan institute on taxation and economic policy biden said on saturday that the government will begin sending the checks to eligible americans. This month extended unemployment insurance current federal unemployment benefits. Which a lot an additional three hundred dollars per week on top of state benefits are set to expire on march fourteenth. The senate bill extends the program through september sixth at three hundred dollars per week for households. Earning under one hundred fifty thousand dollars. The first ten thousand two hundred dollars of the unemployment benefits are non taxable to prevent surprise billing at the end of the year. These were also changes from the house version of the bill which provided four hundred dollars per week through all twenty ninth. The reduction in unemployment insurance in the senate version was implemented to ensure moderate senator. Joe manchin a democrat from west. Virginia would not break with his party. According to a democratic aide expanded tax credits for families. The bill raises the child tax credit for most families in the coming year by one thousand dollars to three thousand dollars per child. It's even more for families with young children. Many can receive credit of three thousand six hundred dollars for each child under age six. All of these credits are fully refundable and some researchers say these measures could potentially help cut child poverty and half funding for state and local governments and public schools. The bill delivers a three hundred fifty billion dollar cash infusion to state and local governments and one hundred thirty billion dollars to elementary middle and high schools to help them reopen safely. Local budgets have faced steep declines in revenue as businesses remain shuttered during the pandemic last september. The brookings institute estimated that state and local revenues would decline by one hundred fifty five billion dollars in twenty twenty one hundred sixty seven billion dollars in twenty twenty one and one hundred forty five billion dollars in twenty twenty two. The money for schools is designed to help them improve their ventilation systems. Hire more janitors and reduced class sizes to conform with social distancing protocols. Democrats argued that this money was necessary to save public sector jobs and enable teachers and students to return to classrooms without risking their health. Republicans said that the funding already allocated through. Last year's relief bills was sufficient and that sending more money the state and local governments was superfluous relief for restaurants. The bill includes traditional fifty billion dollars in assistance for small businesses including more than seven billion dollars for the troubled payment protection program and a break from previous relief packages. This bill provides twenty eight point. Six billion dollars in grant relief specifically for restaurants which have been particularly decimated by the pandemic

Senate Biden Elena Abramson President Joe Biden White House
"seventy billion dollars" Discussed on Habits and Hustle

Habits and Hustle

04:49 min | 1 year ago

"seventy billion dollars" Discussed on Habits and Hustle

"Does happen had an albertsons become like what happened. That kind of things happened in in the spring of two thousand seventeen within two weeks of each other. One is that blue apron so our closest competitor. They went public in the second thing. Which was which really moved the market. Was that amazon bottle foods. So yeah that's only three years ago right three and a half now but that really shook the food market in publicly traded grocery stores saw thirty percent of their market cap erased in a matter of days. Because everyone's like oh amazon's coming for food groceries done right so the base catalyzed every grocery player out there dabba conversation with us. And say hey can you. Can you be a part of our story for wall street. Around how fast growth. Digitally native brands Big data on. We need to be able to tell that story. Can you help us so we had a a bunch of conversations with with people with different with different firms You know big grocery retailers and Albertson's got really excited and it happened very quickly And it was phenomenal nominal outcome for for a lot of people around the table. Wow and then so what happened to it. Then they didn't debunked is a net like what happened after that. Yes so sad story. And unfortunately this happens with a lot of acquisitions is we have a big big promise of working together and After you know albertsons is a huge company right. Sixty billion dollar company thirty five hundred grocery stores or three hundred thousand employees Yeah i mean albertsons own safeway. Vons act me pavilions. Jewel osco y- fifteen other grocery grocery brands. That all over the country. So they're they're huge big big grocery players in the country So we got we got swallowed up and kana got lost. Unfortunately which happens. A lot of the time Yeah you know. I can't share too much more again for for legal reasons but Yeah the the ultimately within a couple of years ended up shutting down the Ecommerce presence Kind of like watching your your first child get get. Yeah it left on the curb but Ah come to terms with it. it's you know it's all good. But i mean at the end of the day though. You walked away with your money though right like it didn't affect your bottom line. It's just sad to see something like that that you've worked so hard to build just kind of dissipate so to speak. Yeah yeah yeah. Yeah yeah again. Don't wanna go into too much detail. but Yeah definitely a sad sad ended story. I would say who. Who do you think in today. Like i mean like we were talking now. The food industry through delivery such a big market. Who do you think. Does it really well these days. Well i think Amazon whole foods that they're really doing a good job very very good integration. You know that they just executed really really wealth instacart also very very smart execution in consumer centric city and Enabling like the shopping of retail experience in digitally. I way super super smart. Then you get into the food. Delivery seen You know like the prepared foods You know obviously. We're talking to your december fifteenth in just last week door dash i owed and they're valued at seventy billion dollars now that they started after we started plated They're part of the white combinator class. A few few months after after we started so i don't know about that one on On bearish on on that one. I got very very high expectations that they have to deliver on. But you know the trend lines are there around people ordering in more especially.

amazon Amazon thirty percent albertsons Albertson december fifteenth seventy billion dollars today three years ago Sixty billion dollar last week Jewel osco second thing thirty five hundred grocery st three hundred thousand employe first child two weeks One street fifteen
Powerball jackpot winner worth $731.1M sold in Maryland

AP News Radio

00:40 sec | 1 year ago

Powerball jackpot winner worth $731.1M sold in Maryland

"We have a power ball winner but we may never know who it is the winning Powerball ticket worth seven hundred thirty one million dollars was sold at Coney market in Lonaconing Maryland the Maryland lottery says the Allegheny county store will receive a one hundred thousand dollar bonus for selling the winning ticket to the fifth largest lottery prize in U. S. history however just who will collect the money may never be known Maryland allows winners to remain anonymous and even larger mega millions jackpot will be available Friday night no one won the nine hundred seventy billion dollar prize earlier this week I'm I counted

Coney Market Lonaconing Allegheny County Store Maryland
Mega Millions jackpot now $970M; Powerball up to $730M

AP News Radio

00:38 sec | 1 year ago

Mega Millions jackpot now $970M; Powerball up to $730M

"Lottery players are hoping for a big payday the mega millions jackpot has reached nine hundred seventy billion dollars after Tuesday night's drawing failed to produce a winner that's the biggest in more than two years and the third largest jackpot in U. S. history but that's not all the Powerball jackpot is at seven hundred thirty million for the Wednesday night drawing it's the first time both lottery jackpots have topped seven hundred million dollars for mega millions the odds of matching all six numbers are one in three hundred two billion and for power ball they are one in two hundred ninety two million I'm Mike Hampton

Mike Hampton
China shows what a coronavirus recovery could look like

Marketplace with Kai Ryssdal

01:22 min | 2 years ago

China shows what a coronavirus recovery could look like

"Will stipulate here that there are sharp differences between the American and Chinese economies and between the way the two countries have and are handling the pandemic. But more than six months after the virus brought China and its economy to a standstill, it is on its way back Beijing reported day third quarter Gross Domestic Product grew at a rate of four point nine percent third quarters, July through September that is thanks to exports and the country's consumers but as marketplace's Jennifer pack reports now, from Shanghai, it is not. Clear how much more Chinese consumers can do retail sales bounced back for the first time this year in August and then rose again by three point three percent in September. But for Chinese, consumers to keep spending more though need help China's official unemployment rate dropped to five point four percent from the usual six but some experts say this figure doesn't factor in millions. Of workers from the countryside who are jobless in the cities and many more people went for months on half wages or with no pay at all unlike the US government China's Communist Party is not handing out cash to workers. So many dug into their savings to survive the fourth quarter started off with a week. Long holiday people spent seventy billion dollars on travel. Seventy percent of what they spent last year still there is a lot of excitement about China's recovery. It's on track to be the only major economy to grow this year

China Jennifer Pack Beijing Shanghai Communist Party United States Official
Snowflake's Stock Price Soars in IPO

CNBC's Fast Money

05:53 min | 2 years ago

Snowflake's Stock Price Soars in IPO

"Welcome to pass money a blockbuster debut for the biggest. IPO. Of the year cloud companies snowflake pricing. It's public offering at one hundred, twenty dollars a share closing at two hundred and fifty three dollars a share that is a gain of one hundred and eleven percent. But this isn't the first time. We've seen a monster move in public debut. Let's get to Bop Bassani with more on that Bob. Hello Melissa see you. So you think snowflake over one hundred percent of its first day is a big deal. Not really there's been plenty of companies that have had I ate POPs bigger than that this year loan and they include just take a look here. Biotech firm cure back was up two hundred and forty percent on its first day of trading software as a service firm big commerce up to one hundred percent biotech firm. Berkeley light of nearly two hundred cloud company and Seino up one hundred, ninety, six, percent insurance fintech firm lemonade up. Thirty nine percent on their first day of trading what they have in common is there either tech or biotech firms are they outliers marginally but the first day pop for IPO's this year is notably higher than usual. So the historic first they pop for an IPO usually about fourteen percent. That's. Historically but not this year the average I stay pop in two, thousand, twenty, thirty, six, percent. What's going on? It's not stocks are cheap. The multiple of tech stocks are historically high people are willing to pay more protect because there's just a higher degree of risk appetite out there, and if you're suddenly inspired to start buying these high flying IPO. Cautious. About this look after the first day the post first day returns of other high fliers is not encouraging. So there's been eleven IPO's this year that have popped more than one hundred percent. On the first day they have average a minus, one percent return from the first day closed forward. So be very careful Melissa here big pop on the first day for some of these. But after that very difficult to maintain continued momentum most about you bob thank you good to see you Bob Cassani and who is holding the bag in the aftermarket when these Ip has declined from the first day pop guy probably the retail investor this has been the story of the issue markets. Began though and it continues today. So. You wonder why people get exercise when they see things like this is exactly that I mean I'll say it I'm not. I'm not a banker I never was a banker and I'm sure to upset some people by saying this but. There's no way to put it other than the fact that this was completely misplaced. Now I'm sure the great bankers are J. P. Morgan and Goldman and whoever a city I think was on this deal and company will say, no, we price it right. You can't tell me that a company that has a seventy billion dollar market CAP, which was open it you know price at one twenty and tripled almost in price and had to be halted its some point today for price volatility was priced right and the people watching saying, how is this not a game I? Get it it it upsets me as well but that's the way the business works in that to me is problematic mill. Why does it upset me? WHAT'S THE PROBLEM Tim i? Think they thought it was valued at something investors in the market. Thought it was something else I mean that's the way the markets work right? Again, though it's it's it's terrible price discovery because you have some sense and bankers WANNA price and the companies want a price that deal that leaves him upside for investors but but to be clear this is three times more at least the guide from last week and so the the question really is, how can they be so far off environment where we know people are paying almost anything for growth and actually wear and cloud services but but ultimately, I think the real question is who gets access to this. IPO and the thing that's troubling is that this is not a fair game. And the allocation process is one that makes sense that there are plenty of opportunities for people who did not deserve big allocations to get them and I realized this ultimately. The dynamic of a company. First of all will say I want a certain institutional investor base on my cap stack and those are the people. I want my deal. I. Don't want certain people. Read investors typically are not the group that companies want There's a perception that they're going to be in their flipping those stocks faster. The reality is that there's a lot of hedge funds. They'd probably flip this thing aggressively today. So again to me, my issue is with the allocation process and that it's not. It's it's not a fair process maybe it's not supposed to be asked the bankers that because I think that's what this comes down to to be fair. There are some companies that actually say in the allocation that they want a certain amount to go to retail trading firms like a td Ameritrade for those firms. So then Dole out to retail investors but gosh, I think to brings up a good point in terms of the average per se popping thirty six percent this year that really shows you what this market is these days the search for growth and what investors are willing to pay for that growth. Yeah, and also you got to you have to factor in we're in a different environment. So the offering price is different than the opening price, and all of that is based on interactions with institutions trying to figure out supply demand while everyone is filming from podcast or from an ipad in their home. So it's very different than last year. Very different. The whole IPO process having said that it really speaks to the reach for growth. So, if you have the price action that we saw today. Think about it. It's Tim said you want to have if you're coming out as a public company, you WanNa, put your stock in institutions hands where they're less likely to flip out of that stock on the day of the. IPO. And that's where the whole system. Might be flawed, but it's worked this way for a tremendous amount of time, and there's always going to be a problem with any system anywhere.

Bob Cassani Tim I Melissa Bop Bassani Berkeley Seino Dole J. P. Morgan Goldman
Sen. Bernie Sanders calls for tax on billionaires' gains during the pandemic

Squawk Pod

02:38 min | 2 years ago

Sen. Bernie Sanders calls for tax on billionaires' gains during the pandemic

"A major milestone for the Nasdaq on Thursday the index briefly crossed eleven thousand for the first time ever the Nasdaq them closed out the day a hair below that eleven km milestone, a record high that's the indexes six record close in. So. Far, the Nasdaq is clocked a record close thirty one times in twenty twenty. It's remarkable run for the and exit especially considering what a hit like the rest of the stock packet back in. March. Clearly, the Nasdaq is come back with ferocity it's gained about twenty three percents alone the S. and P. Five hundred and the Dow Jones indices have each clocked day winning streak and the S&P is now near percentage points away from his own twenty twenty. Of course, record highs in the marketplace seem at odds with the troubles were seeing a real economy small and medium businesses are shuttered big retailers bankrupt individuals and entrepreneurs are anxiously awaiting more government relief according to some as you'll hear, the disconnect is in part due to the Federal Reserve's unprecedented actions throughout the pandemic. And investor competent that the Fed will continue to support the markets. One former presidential candidate is calling for billionaires to step up to the real economy. Here's duckie quick Senator Bernie Sanders he is now. Calling for a crackdown on billionaires, this is what he tweeted last night. I will be introducing legislation tomorrow meaning today to tax the obscene wealth gains billionaires have made during the public health crisis. The senator tweeted a thread explaining his proposal saying while over thirty million. Americans. Have seen their six hundred dollars a week and unemployment benefits. Expire emergency actions taken by the Federal Reserve to prop up the stock market have meant that four hundred, sixty, seven billionaires saw their wealth go up by over seven hundred and thirty billion dollars since the pandemic began while Amazon is denying paid sick leave hazard pay personal protective equipment to four, hundred, fifty, thousand of its Workers Jeff Bezos has increased his wealth by over seventy billion dollars. Amazon shares are up more than seventy percent year to date. You can see this morning down by about twelve dollars. Senator Sanders also calls out Walmart's Walton family. Tesla's Elon Musk and facebook's mark Zuckerberg for making billions of dollars during the pandemic, and then trying to juxtapose that with what they've done for some of the workers along the way he then said by taxing sixty percent of the wealth gains made by just four, hundred, sixty, seven billionaires. During this pandemic, we could guarantee has a right for an entire year and billionaires would still be able to pocket over three hundred, ten billion dollars gains during the worst downturn since the Great Depression.

Senator Bernie Sanders Federal Reserve Amazon Senator Mark Zuckerberg Elon Musk Walmart Jeff Bezos Tesla Facebook Walton Family
Australia to spend additional $270 billion on defence boost over decade, PM says

Future Tense

01:04 min | 2 years ago

Australia to spend additional $270 billion on defence boost over decade, PM says

"Defense, spending will be fast-tracked strenuous looks to beef up its ability to react to an increasingly contested Indo Pacific region. To. Increase the the hitting power of the defense in the short term document hynick the challenges within the International. System Val competition. It is the appropriate. Bencher there's a lot more to this document or nothing. Clean messages really about deterrance about preparing the Strategic Defense Force to actually be able to. Australia's military strategists and defense analysts are still digesting discussing and debating. The Morrison government upgraded defence capabilities, some two hundred and seventy billion dollars over the next ten years. It seems like a lot of money, and it is of course that these days military hardware doesn't come cheap. A new anti ship missile for instance will set you back around four million dollars, Pope.

Strategic Defense Force Indo Pacific Morrison Government Australia
Muscling up to China and 25 years since Srebrenica

Between The Lines

28:17 min | 2 years ago

Muscling up to China and 25 years since Srebrenica

"Tom Switzer, he and welcome to another episode off between the lines now today on the program will be commemorating the twenty fifth anniversary of Europe's worst massacre since the Holocaust in ninety, ninety, five more than eight thousand people died in Shrimp Nitsa. The town was supposed to be a U N protected safe haven in the vicious civil war that tore Yugoslav apart instead the civilians ended up being massacred by Bosnian Serbs. Were lightning fast with their superior weapons. They easily overran the lightly. I'm Bosnian government troops and the token full civilian peacekeepers. The UN's Valley to protect the civilians inspired Washington to launch unilateral action against Serbia and end the civil war. Would things be the same today now? That's later in the program, but first defense. Last week the Morrison. Government launched a defence strategy and force structure review now the move signals a major shift away from the strategy outlined in the last defence white paper. Remember that just four years ago in two thousand sixteen. It plotted out Australia's strategic costs for the next decade. But that White Paper has as we know been rapidly overtaken by Vince covert China or that now the new review has promised two hundred and seventy billion dollars over the next decade to enhance Australia's defence capabilities with renewed focus on areas like Saba and spice capabilities and the possible development of hop sonic weapons will be fitting aircraft with long-range anti-ship missiles, increasing underwater surveillance and boosting fuel ammunitions reserves. Now, underscoring the seriousness of the shift, the Prime Minister even drew comparisons to the nineteen thirties and the lead up to world. War Two that period of the nineteen thirties. Is Been Something I've been revisiting on a very regular basis and when you connect by the economic challenges and the global uncertainty. It can be very haunting, but is the money too much or not enough is going to all the right places, and we'll do enough to safeguard Australia from China's increasing assertiveness and is rapidly growing military capabilities. What's the role of Australia's diplomacy? And all of this will joining me to discuss this at three distinguished guests. By skill is professor of Asia Pacific Security Studies at Macquarie University Holiday Bites. Thank you good to be here Melissa Conley. Tar is a research fellow at the Asia Institute at the University of Melbourne. Hi There Melissa could to speak again Tom. And Pay. The Jennings is executive director of the Australian Strategic Policy Institute. Tom No. Can you talk us through the top of scenarios and potential conflicts that the defense review is preparing us for the scenario that the review is focusing on is one involving a high end conventional conflict, so I've gone to the days of stabilization operations in t more Counterterrorism operations in Afghanistan This document is preparing foresight on onsite conflict. Involving countries that have sophisticated military forces. And, of course, the document doesn't say. I don't think it would be reasonable to expect it to say. That China is the problem. But let me tell you China is the problem that is the now neoplasia competitive that way of thinking about when we think about what's adequate in terms of the topic of military capability we need to have. and to does reflect to change. From past years Tom I recall when I started by defense career, we were thinking much more about the risks presented by Indonesia, and the so called low level in cushions in the northwest. Of course, that's no longer features in anyone's strategic thinking. Really it's about China and the risks that the People's Republic is presenting to all of its neighbors in abroad since in the Indo Pacific region and beyond I cabinet crudely putting it some sites laying the groundwork for fortress Australia US sign. This is preparing us to join a potential use LID. Containment slash war against China for example to protect Taiwan Peter Jennings. I think that is it covers a spectrum of possibilities. One possibility which I think is Epson you were in terms of language of the document is that we might conceivably end up having to face military conflict without being able to rely on the direct combat support of the United States, and that's what leads to discussions around extra stockpiling munitions and fuel insightful. But I think in general terms. Yes, the expectation is that Australia. Through its history has been a country that forms coalitions usually have like minded partners, the share the same types of objectives. And the the plan will design the Defense Force. Really gives us the capacity to do that with Rachel Ellis lecture, example, Japan but also with our traditional ally the United States okay bates skill. You've recently completed a review of China's defense capabilities and its recent military modernization, specifically looking at the implications for Australia Wind you expect the Peo- The People's Liberation Army and its navy. When do you expect them to have the capability to project power as far as Australia annual Pacific knives, well in many respects Tom, they already can I mean they have the long range missile capabilities to do that? Know as a from a standoff position launched from their own from their own homeland against hours. But what I think, the the new strategy is looking at is really the development of capability over the next ten fifteen twenty years, and that's by the Chinese own own acknowledged calendar that they would be able to by that time of mass, a large enough capability, both in terms of its long range strike, you know striking from their own homeland, but also bill to project. Project Power passed the so-called first and second island change and being a position to more directly threatened through those platforms Australian security. So you know we're talking ten or fifteen year window here and I think given the time it does take to try and respond to develop the the deterrent and defense capabilities for Australia. That's that's you know that's in some ways a short window. for Australia to be mobilizing in reaction Melissa Tali. What's the role of a strong diplomacy and all these well I think it needs to be growl. And one of the concerns when we look at the deteriorating strategic environment is we think all that's a defense problem? And so when the prime minister launches the strategic update with those comparisons with the nineteen thirties. It pushes US toward seeing in purely military terms but we don't just want to say things in that security lands, we want to think about all of the parts about national power projection, so that's diplomacy and development as well as defense I think if if people thought about it I think what we invest in all three strongly, but that's not where it is if you look at federal budget fifty. Fifty nine billion to defense and less than seven billion to diplomacy and development together the lowest point with ahead in our history and I think we missing that opportunity. If we don't take US seriously, the way that diplomacy and development can shape things in the world so I was struck. Today was a defendant looking at the latest poll on what are the major concerns that Australians have at the moment of the top threats in the world and the first five, a role nontraditional that drought, environment, disaster, climate change, pandemics, and downtown, global economy, and those places where you know military spending isn't going to help shape that environment. So we need to have an effect on those. We need to be thinking much more about what we can do in the diplomacy and development to mind Peter Jennings. What would you say in to Melissa's observations? Because they reflect a certain mindset that that perhaps we should be focused more on non state actors rather than say China for instance well, I think all of these you know threats that have to be taken seriously. I'm and simply because we're living in the middle of a pandemic for example, doesn't the climate change is gone away in this no longer going to present a problem to us. I guess what I'd say. Is that the you know the five things Melissa listed? That were in the featured in the low e Poland terms of popular concerns. Are also the things which could. In different ways late to the risks of conflict escalating in the Indo Pacific region generally so You know my my view, please while I would like to see spending on diplomacy increased. While I. Say Development Assistance is being something which is effectively the United soft in of Australian power, and the military is the hot end of Australian power. I think. The message against all of these areas is that we have just been underinvesting for decades underinvesting for decades, so we're we're all. High fiving ourselves at just reaching about two percent of gross national product, being spent on defense, but that is compared to what we spending in cold or years, which was sometimes between three and a half percent in four percent of rustic product. So what we have grown used to Tom I would say is. Free written on the United. States code tiles of security for for decades. We've dramatically under. Invested in the things that we need to do to strengthen Australia's position, not just militarily, but also diplomat. A now. We're rather surprised to hear the news that Gosh the bill is a lot more expensive than we really thought. It was only if you've got that confidence in the US. and. In fact, the whole trump stories, the story of the Americans really big being fed up with the rest of the world, thinking that the US can fund the bill for their security, so we're going to have to do more and I think we're going to have to do it against multiplicity of areas not. Justin sought the defense organization. We'll some scholars such as you want and James Current from the University of Sydney. They say that this document sounds a lot like an acknowledgement that the US might not always be there to help us out. By are we starting to plan for more independent Australian defense posture I think it would be a wise move to keep that option open when you think of the capabilities that the Chinese developing in which do have a direct pose a direct threat to Australia or could do so. In many respects, the I think the types of threats that you might not expect an immediate or even timely response on the part of the United States what I'm thinking here. Cyber capabilities is a huge priority for the Chinese. We already know what they see the sort of capability. They can wield against Australia and that's not the sort of thing you can expect a kind of cavalry to. Lead the charge from from Washington to come to Australia's defence slowly long range strike capability on the part of the Chinese capability. They already have in which are going to continue to develop. which could threaten Australia down the road now? These are capabilities that I think that Australia's going to have to develop their own defenses for. They can certainly do that with United States, but again it's not necessarily the sort of threat that we would expect some sort of traditional ally joint response not to make it well. Some of are in listeners will email me and they'll say that if Uncle Sam struggles to police. It's own CDs. Melissa. How on Earth Can Uncle Sam Police? The Asia Pacific region in the face of a rising China. What's your sense about us staying power in the next decade or two in look? It's difficult One of the things that strategic update looks at is more threats to the global rules order, and unfortunately the you know, the US is part of that. the US is not along with the strategies interest on things like global trading system, and a number of international issues like global health where we would say you need to be supporting. A Global Response that said I don't think the strategic update will be read negatively in. Washington, it's my guess. it very clearly couched in terms that I think the US will lock about Australia contributing more and having more self. that could be seen as a statement that we think that the US might not have outback, but can also be seen as something that the US has been for for a long time. I particularly liked a few elements of the update things like making sure that we have. You know material ammunition You know that aren't going to be disrupted. Buckle supply trying having more capability eight industrial cut suffering capability here antiques fuel reserves, which is not as long sane as an issue for us, so I mean those are things that are worth investing in. Regardless of US resolve because as we've seen from COVID, we know that supply chain can be disrupted very quickly and easily, and it's worth having eligibilities. Cepeda Jennings bite skill and Melissa Conley Toilet and Melissa. The Pacific step up last year. That realigned Australia's development budget to deal with some of the strategic challenges posed by China in the Pacific Do you think it goes far enough? The step up was followed recently by strategies new International Development Policy Partnerships for recovery, and that's made it very clear that strategies focus should be on the Pacific and also southeast. Asia including. Indonesia and team August. I think that has a very clear statement about what we want. In the region of being entrusted trusted development partner and influencing those societies that we think positive for four region. Again you're going to. You're going to say you. Hear this from me all the time, but again the problem is that we not really making much invasive lunch, so partnerships for recovery head no new money it talked about the massive challenges that covered as as creating for for the for the Pacific, and for for our region broadly, and the only funding announcement was that we're going to repurpose the money. We would have spent on sending Australian. Volunteers in scholarship holders. And we're GONNA use that so I I suppose I. Feel a little bit with all the areas, not actually include district update in that as well that what we've seen through the foreign policy, White Paper and International Development Policy through to to the defense. Strategic Updike is. We talk about how. how? What a time! These these frosty leaving a contested difficult awful environment that we've now got to leave in and the Dow L. Easy Times over, and then we say, and we're not gonNA. Give any new money so I mean the defense announcement is essentially just that we're going to continue to you know, extrapolate out the money that was planned to be spent in the twenty twenty six, and we're going to extrapolate that out to twenty thirty terabytes skill. Do we risk getting into a bidding war for influence in the Pacific? I don't know if it's a risk. If it is a risk worth worth taking. I mean obviously the Pacific region is so extremely important Australia's future. Both for for defense reasons for regional engagement for diplomatic reasons, developing reasons and the like. so It's quite possible that we're entering in a more competitive phase with China in this. SITES WRIST BYTES I'm talking about more the budgetary concerns he because in the wake of the Corona Virus Crosses. There'll be serious limits on how we can spend on these things scholley. Yes, there is and party left to be be developed for that, but you know when you're talking about your own backyard. I mean I I. I don't think it's the kind of country that can simply. Pretended it's by itself getting back pay to Jennings to the region, generally in the rise of what. Angus Campbell is of the Defence Force he's talked about the rise of political warfare, the idea of grey zone warfare things like cyber attacks, economic coercion influence operations that fall below the traditional threshold of war. He says we need a whole of government response to it. I, you seeing that whole of government approach happening in Campbell, or is this Manley focus on defense and the spy agency so far Peter Jennings. It probably is focused on the national security agency's Tom. That's not too surprising because you'd expect them to sort of pick up on the risks I. But General Campbell is right. It does need to be all government is. There's a whole lot of things happening there that simply cannot and should not be done by defense organizations. and. I think that realization is slowly dawning. Along as both of the speakers have said that actually ladyship comes with cost of infrastructure is going to play that role, but you know, give you a small example of this we. We have lost the ability to broadcast into the South Pacific and Southeast Asia. In a way that we used to very successfully over over decades to give us the capacity to do that. We're probably talking about you know that. He million a year forty million a year, which sounds a lot of defend. It's nothing if you're in the Defense Department. Let me tell you. But you need to be able to do things like that. To be the truth teller in the region to actually tell the region that there are alternatives to Chinese Communist Party authoritarianism I think that's what's needed with responding to this grey zone on threat. Is Actually to be the truth teller. In this part of the will and getting our system in Cambridge used to that reality to understanding what needs to be done. To starting at different type of conversation with our region. With our own people for that matter that that is a sort of a psychological change which I can see happening, but we're not quite yet. There's a bit of work still to be done to get to that point Melissa. Conley Tyler. Is, just responding on that. I agree entirely with what pitcher saying on on broadcasting. It's a small investment, such a an increasing influence. It should be Brian and I hope that did that's being seen. I think having defense voices. I will help a lot in a banks, seriously I'm but just went. When you ask Tom Balaton host government and what's happening there? There are some really good examples, so for example win. This Pacific step pop started an office of the Pacific was established in that apartment and tried and each job. He's to be that coordinating body, and it's bringing together the. The defense, the development and the diplomacy in a way that he's gone to maximize our influence. and I've noticed this a lot more discussion about that that three. How do you bring defense development diplomacy communities together? I'm involved in initiate the Pacific. Four Day and I think a lot of people not talking about what more we can do for that that joined up coordination to make the most about national instruments by skill. You're an expert on China. The elephant in the room of course is China doing need to be careful not to overestimate China's military strength. What about the weaknesses? Exactly right I mean you have to know your enemy's weakness as well as their strengths in the case of China, they are undertaking enormous reforming organization effort. They're pouring billions of dollars into new capabilities, but there's a lot of things we need to recognize I. Mean One is that the Chinese have not fought a shooting war and more than forty years. They are have no. They have zero experience in high end combat against a serious. Adversary, scenario, so that's not to downplay them, but to understand that they've got enormous obstacles to overcome that day. Themselves acknowledge that they themselves. No, they have to overcome, and that's why we had this window that we've been talking about. A fifteen to twenty years. to try and develop capabilities to get in front of the kinds of things that the Chinese want to bring to bear around. Around, twenty thirty or twenty, thirty, five, twenty, forty, paid-up Melissa to be continued. Thanks so much for being on our in. Thank you, tell my pleasure. Thank you, Tom. That was paid jennings. He's executive director of the Australian strategic pulsing suit by skill professor of Asia Pacific Security Studies at Macquarie University and Melissa Commonly Tyler. She's a research fellow at the Asia Institute at the University of Melbourne. These between the lines with Tom Switzer. Coming next, we're going to replay a version of a segment from between the lines. I 'cause commemorating the massacre of Bosnian Muslims at shredded Nitsa on the eleventh of July nodding ninety. Five twenty five years ago this week. More than eight thousand people were killed by Serb forces. It was the worst massacre. Europe had seen since the Holocaust. Serve softening up Trevor Nature for the army's final push into the town. Town of course was supposed to be a safe haven protected by the United Nations, but the civilians ended up being sitting ducks as I woke Larry. Hollingsworth Remembers I. Myself Feel Devastated and ashamed I was there with them? When we told them that it was a safe haven I watched. Many of these people walk in with the minimal possessions into shreds, knowing that it was a safe haven, and now they're fleeing out because we've let them down, let them down to the extent that within dies. About Twenty three thousand women and children were deported, and about eight thousand Muslim men and boys left behind where executed and buried in mass graves. Now, reports from the time described, frightening scenes stiffen overawed from medicines on frontier. Speaking he. Loading some of the children and women into buses, but there's no indication as to where it was buses, going with seen some horrifying streaming, going on women and children going into the buses being taken away from their family This was going on with a lot of crying a lot of panicking. The slaughter had been planned carefully and executed with precision. All the wall Dutch. Pace is literally stood by, and did nothing indeed even when the Serb assault on Srebrenica was imminent. in-command is still rejected Kohl's racetracks. Positions. Pope John Paul. The second declared ribbon Nitsa a defeat for civilization as media reports begins to reveal the scale of the unfolding tragedy. The UN says nine hundred thousand people are still unaccounted for. About some became clear as government soldiers emerging from the forest in central Bosnia, told of horrific massacres at the hands of the Serbs one young. People executing them on spot, but this didn't come out of the blue. By the time this massacre took place the civil war that tore the former Yugoslavia. Repot was heading into its fourth year. More than a million people have been displaced, and the world became familiar with a new term ethnic cleansing. So? Who is to blame for these well? Let's start with the United. Nations from ninety two to ninety, five shrivel Nitsa was the world's first union declared civilian syphon. It was supposed to to her aggression. It was supposed to aggression and set the scene for political negotiations to end hostilities between the Bosnian Serbs, and Muslims, but the UN soldiers in the SIPHONS. They were bedeviled by problems. If you declare an area safe haven in the name of the United Nations. Nations if you tell the people if they are safe in the name of the United Nations you have got to put the troops on the ground, and it's no good for politicians say yes, we go for safe havens, but we're not gonNA put the troops meanwhile the Europeans vacillated and equivocated failing miserably to cope with across at its own back door. America was also reluctant to get involved as then President George Bush senior explained in Nani Nani to. I? Something because I learned something from Vietnam. I am not going to commit US forces until I know what the mission is to the military. Tell me that it can be completed until I know how they can come out. You have ancient rivalries that have cropped up as as Yugoslavia's dissolved or getting dissolved, and it isn't going to be solved by sending in the eighty second airborne, and although on the campaign trail that Ye Bill Clinton pledged to reverse the appeasement of that bushes of Belgrade as President Clinton allowed the Balkans to bleed for three more years. French President Jacques Chirac was moved to declare quote, the position of the leader of the free world vacant. Trinite Sur changed all that having done nothing the before during the mass killings in Rwanda Clinton was galvanized into action, and crucially he cut the United Nations out of the Decision Chine on August thirty Washington led a night bombing campaign against the Serbs the NATO action began early this morning. The harsh light of fires and explosions coloring the night sky. Some people watched the bombardment from their houses, but after more than ten thousand deaths here in the last three years, most Sarajevans had given up any hope of outside intervention. Last night it came on a scale which could yet change the course of this war by the end of not ninety five sixty thousand nine hundred troops, including twenty thousand Americans were on the ground in Bosnia. Pace was declared. The BOEKEN's wars ended only because the US finally acted. He's President Clinton in November ninety five my fellow Americans in this new era there are still times when America and America alone can and should make the difference for peace. The terrible war in Bosnia is such a case nowhere. Today is the need for American leadership. More stark are more immediate than in. In Bosnia in the years since the Mexica Europe inaction was heavily criticised, and the US was held up for its global leadership in particular for its unilateral humanitarian intervention. This is when the US secretary. Of State. Madeleine Albright said America was the indispensable nation, and that idea would fade into the justification of the Iraq invasion in two thousand and three as a war of liberation, but he's a question with the US intervene. If the shrivel Nitsa massacre happened today from the standpoint of twenty twenty, we might ask if the era of US unilateral humanitarian intervention is well and truly over. Well, that's it for this week. Show remember if you'd like to hear the episode again or download segments since two thousand fourteen. Just go to ABC. Dot Net dot US slash aren and follow the prompts to between the lines, or you can listen via the ABC. Listen APP, or wherever you get your podcast. You can even subscribe, so you never miss an episode. I'm Tom Switzer continue next week.

Australia China United States Melissa Peter Jennings Pacific Tom Switzer Washington TOM Bosnia UN United Nations Prime Minister Europe Melissa Conley Professor Of Asia Pacific Secu Indonesia Asia Institute
Verizon is pulling its advertising from Facebook

Rover's Morning Glory

00:33 sec | 2 years ago

Verizon is pulling its advertising from Facebook

"Won't see any verizon ads on facebook for a while. Because the telecom giant has pulled their ads from the social media platform, it wants facebook to push back against misinformation and hate speech, Verizon's chief media officer John. Kennedy says that we're causing our advertising. We're pausing are advertising until facebook can create an acceptable solution that makes us comfortable in his consistent with what we've done with Youtube and other partners. facebook takes in some seventy billion dollars a year in advertising.

Facebook Verizon Kennedy Youtube Officer
Lighthizer defends China trade deal that Trump has soured on

Bloomberg Daybreak: Asia

00:53 sec | 2 years ago

Lighthizer defends China trade deal that Trump has soured on

"Brian here in the states trade rep Robert Lighthizer was saying the U. S. and China are still on track for a phase one trade deal Lighthizer was testifying today to a house ways and means committee this is a very complicated relationship it's gotten more complicated because of actions that they've taken recently I think we have what is an excellent agreements we have in place three hundred and seventy billion dollars for the terrorists in addition to all the things that I said so far I think it's a really good agreement the United States we expected to be honored the White House or went on to say the U. S. relationship with China has become a little more complicated because of a number of issues including things like cyber security human rights and of course trade he went on to criticize the World Trade Organization Lighthizer called the WTO a mass he said it hasn't served America or the global economy

Brian Robert Lighthizer Lighthizer United States White House China World Trade Organization Light WTO America
Senate sends bill modifying Paycheck Protection Program to Trump

First Light

00:36 sec | 2 years ago

Senate sends bill modifying Paycheck Protection Program to Trump

"Headlines the Senate has joined the house in passing legislation to ease restrictions on emergency small business loans the ones intended to avert mass layoffs during the pandemic and that action sends the first major overhaul of the program to president trump the bill passed by unanimous consent and rely exes rules for the six hundred seventy billion dollar paycheck protection program allowing borrowers additional time to spend the money and use it on a broader set of expenses while maintaining the possibility of having those loans forgiven that's being offered to employers in exchange for them maintaining payrolls the house last week passed a bill in a four hundred seventeen to one

Senate President Trump
India's Prime Minister Announces $270 Billion COVID-19 Rescue Package

Monocle 24: The Globalist

00:09 sec | 2 years ago

India's Prime Minister Announces $270 Billion COVID-19 Rescue Package

"India's Prime Minister Narendra Modi has unveiled a two hundred and seventy billion dollars economic package to help the country cope with the impact of the corona virus.

India Prime Minister Narendra Modi
"seventy billion dollars" Discussed on 77WABC Radio

77WABC Radio

01:30 min | 2 years ago

"seventy billion dollars" Discussed on 77WABC Radio

"Mayor who spent fully from the seventy billion dollar budget under mayor Bloomberg now ninety six billion dollar budget roughly thirty five percent increase he tripled the number of special assistance yeah the city hall he did over thirty thousand people to the city payroll he basically in okay and gave away the store to legal immigrants and and various programs and and even when you put more money but should call I call the services but not reimbursement rate problems worsen sever bits so your wake up call gonna learn the hard way that elections matter and hopefully in twenty twenty one Republicans will put forward a very good Canada can be well funded by the client might be the issue was that I didn't have the funding to get my message out and I got a very late at six months to run a campaign with minimal funding that's been four to one and I was running as a Republican in the age of trump which is eight no no apparently in the city so you know it's it's what it is then we have to look with the ride it out and hope that we learn from our mistakes I don't usually hit rock bottom but you're right that was an excellent analysis of the mayor really was and that's why you should win come November we're voting for you we hope New York does the same one more time the cold for folks who want to see you later on this afternoon of the folks that want to donate to a worthy cause coming up in November how do they do that how to do that well I appreciate the donations because you know the policy funding machine is really get behind Max and I fall behind it's fun reading a bit because that is so focused on doing my job as a state legislator during the.

Canada New York Max mayor Bloomberg
"seventy billion dollars" Discussed on WCBM 680 AM

WCBM 680 AM

01:41 min | 2 years ago

"seventy billion dollars" Discussed on WCBM 680 AM

"Seventy billion dollars or three hundred eighty two billion dollars in crucial small business support to keep workers on the payroll seventy five billion dollars to aid hospitals which you really need the aid and very badly very proud of that and twenty five billion dollars to support corona virus testing efforts president trump with a corona virus task force briefing Tuesday the house is expected to take up the bill and a slim down session on Thursday we're also learning more about the president's plan to temporarily suspend immigration here's what we know so far a temporary halt on immigration it would last sixty days and apply to those seeking green cards for permanent residency it would not apply to individuals entering the U. S. on a temporary basis and this will course will be re evaluated once that sixty day period has passed this is Kevin Corke the president meeting with New York governor Andrew Cuomo on Tuesday afternoon the two reaching a consensus on testing states will manage their own corona virus tests the government will work to get the materials needed for them it ends the whole back and forth in the finger pointing in a very fair and smart way it's a smart resolution the president called the meeting with governor Cuomo very productive more than a quarter of the forty five thousand U. S. deaths blamed on the virus right now in New York state southern California hospital is reinstated nurses who were suspended last week after refusing to care for patients infected with the virus because they lacked protective respirator masks Wall Street Tuesday the Dow lost another six hundred thirty one points nasdaq is down nearly two hundred ninety eight the S. and P. five hundred dropped eighty.

president Kevin Corke governor Cuomo New York California
Treasury requests $250 billion more for small business relief

Wall Street Breakfast

00:26 sec | 2 years ago

Treasury requests $250 billion more for small business relief

"As industry reels from the corona virus pandemic the trump administration asked Congress for an additional two hundred fifty billion dollars in emergency economic aid for small businesses. That's in addition to the three hundred forty nine billion. That's already part of the care. Act signed into law on March twenty seven more than seventy billion dollars of the PCP loans have already been processed which encourage small enterprises to keep their employees on staff and to help them pay. Overhead costs

Trump Administration Congress
"seventy billion dollars" Discussed on KOMO

KOMO

02:16 min | 2 years ago

"seventy billion dollars" Discussed on KOMO

"Here on out laying off the sixty plus employees I don't think I've cried more in an entire game in my entire life what about the people who make the Johnson what about small businesses what did they do because they don't get an unemployment check if their business goes down right there getting in the stimulus package three hundred seventy billion dollars which are loans that they can access through their banks backed up by the SBA the small business administration small businesses can go straight to their banks now and get a loan they've helped build this business the same way I have so I want to keep them working if I can continue to do that during the course of this pandemic if they keep their employees on for the next two and a half months they can actually see that loan forgiven so if you're a small business it pays to keep your employees employed again this all comes back to how long this whole thing lacks any time how important perceptions are in the economy ABC news and The Washington Post actually disconnected a poll thirty three percent of Americans say they or an immediate family member have already been laid off for lost work half half of Americans say they've lost hours or wages already and nine out of ten Americans that's nearly unanimous now expect a recession guess what this poll was conducted before this report actually went public I can't imagine anyone is more optimistic right now Rebecca Jarvis thanks so much thank you Brad we've been told for a couple of weeks now that the reason everyone has been staying inside is so that we can flatten the curve the curve is that spike in corona virus cases it means the health care system just can't keep up with the number of patients who need care it's happened in northern Italy and the truth of the matter is it's happening in parts of this country as well they're concerned about Louisiana parts of Illinois and Michigan and southern California but no one has that spike been more dramatic than in New York City A. B. C.'s which Johnson's been covering what's been happening inside Elmhurst hospital in the borough of queens the frustrating thing about all this is it really just feels like it's too little too late like we do we knew what.

Johnson SBA The Washington Post Brad Italy Illinois California A. B. C. Elmhurst hospital ABC Rebecca Jarvis Louisiana Michigan New York
Disneyland is Closed. It's Only the Fourth Time in 60 Years.

Business Wars Daily

04:35 min | 2 years ago

Disneyland is Closed. It's Only the Fourth Time in 60 Years.

"Story about Disney and it's giving new opportunities to others as we'll discover later in the week we're to start by updating a story. We ran earlier this month about Disney CEO. Bob Iger stepping down. He handed the reins to Bob Shape. It who until then had been in charge of running the theme parks. We knew shape would face many challenges but even on March second when we first ran history no one dreamed of the obstacles. He would be facing. Today Disneyland closed. Its doors a week ago. Saturday as a production time the company planned to keep Disneyland closed through the end of the month. Disneyworld in Florida and Disney's Paris resort have also been close in Sunday march fifteenth. It's only the fourth time in Disney's history that the original California theme park has been closed since its birth in nineteen fifty five. The first time was for National Day of mourning after the assassination of President John F Kennedy in November nineteen sixty three. It stayed open every single day for the next thirty one years not closing again until the northridge earthquake shattered. The city's Com in Nineteen ninety-four. Even then it was only partially closed. The third closure comes as little surprise. Disneyland didn't open on September Eleventh. Two thousand one after hijackers attacked the World Trade Center and the Pentagon. Here's our story from March second about Bob? Agar's Legacy Bob Shapes Future Disney big news on February Twenty Fifth Disney CEO. Bob Iger step down from his post effective immediately. Yeah it had been rumored for years that the longtime well respected executive would retire sometime. But the announcement suddenness reportedly surprised employees and industry executives according to C. N. N. It also shocked investors the announcement on a random Tuesday. One analyst said was stunning. The share price sank on the news even more sharply than the rest of the market which was already in freefall because of Corona virus fears. Agar's replacement Bob Shaping twenty-seven-year-old Disney veteran. Since two thousand fifteen is run Disney's parks and resorts division. He'll have Gargantuan shoes to fill. Bob Eiger is known as a fearless risk taker a guy who believes in the motto. Innovate or die. He's been at Disney for forty five years. It took the reins from Michael Eisner. Fifteen years ago then Disney was turning a profit of two and a half billion a year according to CNBC. Today it's more than ten billion not surprisingly share prices followed growing four hundred percent over fifteen years of managing the house of mouse that soaring profitability is typically credited to iger bonus as chief executive. He made enormous bets. Acquiring Lucasfilm Pixar Marvel and last year completing a seventy billion dollar acquisition of Twentieth Century Fox. The result Disney films dominated the box office last year. Grossing more than ten billion dollars according to CNBC if that wasn't enough eiger led Disney into streaming TV sinking billions into creating Disney plus. The twentieth century. Fox purchase helped fuel Disney plus by giving it a huge catalog of content. So too did move to take back. Disney shows that had formerly licensed to net flicks. Now it's fierce rival. The strategy seems to be working. Disney plus launched only three months ago in November. The company says it now has nearly thirty million subscribers. I grew is also known as charismatic. Outgoing executive who loves to HOBNOB The Wall Street Journal says not so much shaping who the New York Times describes his blunt business like and devoted to making his numbers but also quote in love with all things Disney. He has even been known to chat with Disney characters. As he walks through the resorts on shaping watch parks and resort profits grew every year for five years in a row mostly double digits. According to the journal the newspaper credits. The growth. To expansion of the Parks Chafiq Lead. Disney's new star wars

Disney Bob Iger Bob Eiger Bob Shape Disneyland Cnbc Michael Eisner CEO Agar BOB Executive Parks Chafiq Lead Twentieth Century Fox Florida President John F Kennedy World Trade Center Paris Northridge California Theme Park
From the Archive: Michael Lewis and Tana French

The Book Review

11:16 min | 2 years ago

From the Archive: Michael Lewis and Tana French

"Michael thanks for being here. Thanks for having me. So you've covered very exciting topics before. Wall Street is exciting. Sports is exciting. The Department of Agriculture is not generally considered exciting. How did you decide to to turn to this? So it wouldn't have been exciting before trump. I think trump electrified all the material. So what happened. Several things at once happened. I just finished a book about Danny. Common name is diversity to Israeli psychologist who Study the way people Miss Miss Value. Risk price risk and one of their insights. Was that if you take a catastrophic risks. I mean it's like a one in a million chance of happening and and make it a one in ten thousand still very remote increase the likelihood one hundred times people don't feel it and I had this sense. When trump was elected in the way he was approaching governing that he was he was doing that across a big portfolio of risks that. I thought that the one way to think of the federal government is a manager of giant portfolio of risks many of them catastrophic and that people weren't feeling it exactly. I was doing on this in about how to write about it when he made Rick Perry the Secretary of Energy of Course Rick. Perry had said that he thought the Department of you should be eliminated when he was on stage in a debate but he couldn't remember even the name of the place and once he collided with it he realised. Oh maybe it shouldn't be eliminated because the departmental has nuclear weapons in inside of it and I thought well maybe this is the this is the way maybe actually kind of want follow it follow ric currency what it means for. Rick Perry to be running this place and then somewhere in all this. I learned that the Obama Administration partly because they're required to by law partly because Obama was a responsible person had essentially Had BEEN AT WORK. For a year to create these briefings for the whoever was gonNA roll into the federal government and run it and there was a there have been thousand thousand people across across the government who had spent the better part of a year creating these briefing books thinking about how to present the government to someone who didn't know anything about it and these briefings were supposed to happen the day after the election. I mean they're gonNa roll and that's what happened. When Obama rolled in to replace Bush and the trump people hadn't shown up at all so then I had a hook but now I do too in the hook was I'm GonNa go get the briefings. Briefings and trump people never bothered to get and kind of learn about this portfolio of risk and try to get a sense of what we should be worried about why that was the start and then you ended up covering not just the Department of Energy but also the Department of Commerce and the Department of Agriculture. You know I had a selection problem that reminded me a bit of the selection problem. I had with the big short and the big short there was a pool of kind of fifteen Wall Street guys who had seen the crisis coming or thought they'd seen it coming and made a fortune betting on the collapse of either Wall Street or the housing market and I wandered around a long time on a casting. Search figure out which ones were the best to tell the story through. Who are the other contenders? There were a lot of them. I mean they were. They were hundreds of them but they were fifteen of them and and all were willing to let me write about him. It was just who could kind of teach the reader the most important things what was the best way to dramatize this. And in this case I had actually fifteen cabinet level positions fifteen departments to choose from and I had a narrow down. I couldn't do the federal government. I wasn't gonNA keep the reader for more than a couple of hundred pages. I knew right away it was going to be three or four and I thought I had some criteria I thought one. It's gotta be something that I suspect. Most readers have no idea what it does and I just. I would just market test this. I'd be at a dinner party and say they might tell me what the Department of Commerce does and nobody had any idea that half the budget went to weather collecting weather data. You know or in the department energy most people didn't like Rick. Perry as opposed to the Treasury Department of the State Department of people have some vague idea. What does it? I wanted to be out of the public eye because I thought among other things I think. The risks are greater when public not watching the trump administration and finally. I thought they started to be very important so the Department of Education. I mean it's nothing's not important in the federal government but some of it's more important than than others so i. I spent time in most of the departments. I mean are talked to people from most departments and eliminated things along the way and then figured these are the three I wanted to do. Having said that I mourn not having written about the State Department and more not having read about the Department of the Interior. I think you could drop a writer into any one of these places and he would come away with a really. There's a wonderful stories to tell I mean. The Department of Education Is One. That's been written about a lot because of that. The high profile of the appointee to a lesser extent repairing sort of when he came in there was a flurry of attention and then kind of died away. So what is Rick Perry doing at the Department of Energy and what the Department of Energy supposed to be doing? It's a really good question what he is doing what. I dipped out of this story. I mean the last time I interviewed someone at the department injuries. Maybe six months ago and what I'm told. Is he set himself up as a kind of cheerleader ceremonial head of with the. Who isn't all that interested in the place? So you seem tweet a lot about it but we never got the briefings presumably. I know more about it than he does. Because I sat down with people had them walk me through the whole department. Maybe by now. He's accumulated some information. But what does it do? It's a vast science project what it is and part of the science project is tending to testing assembling nuclear weapons. That that's a big part of the budget. Another big part of the budget is cleaning up nuclear. Waste their sites in this country. And you wouldn't believe it. It's sort of like green type. Post-apocalyptic PLACES PAN for Washington. The Department of Defense three billion dollars a year trying to clean up the remains of the plutonium factories that that generated the atom bombs for World War. Two you ask the people in the department energy to give you an honest estimate how long it's GonNa take to to clean the place up hundred years one hundred billion dollars. I mean that's not trivial. And and what is at stake is there is a giant plume underground of of nuclear waste. That's slowly drifting towards the Columbia River which is not that far away said up on the Columbia River because they need the water to cool the it was there for a reason but if it leaches into the Columbia River. It's a catastrophe the for the Pacific northwest and it's managed in a very short term way. Things happen there. That are very alarming but does that predate trump or is it always been managed in a short term way although trump was the trigger for my story and trump is by far the most negligent manager of the federal government. We've had my lifetime Fisher probably forever. I never thought of his story. Just about trump. I thought of it. A story about the narrative we have created has poisoned or at Lea- screwed up the relationship between the society and government. That that this whole notion that the government is filled with lazy stupid. Bureaucrats who were kind of dead weight on society is a really dumb story. It's not true story. Department energy actually illustrates this. There is within the Department of Energy and his science project a seventy billion dollar loan portfolio and a few hundred million dollar venture capital fund. That is responsible for the entire. Solar power industry is responsible for Tesla. The first that were given to Tesla it is. It's it's the only place where dollars will be allocated to long term innovation. Industry doesn't do this if you she track back. Where the the innovations that led to the current American economy came from almost always it started with a government some government investment the Internet. The iphone wouldn't wouldn't exist without govern investment. When I think about the government I think of it as this. This exquisitely important exquisitely complicated machine that. We've let rust for decades telling ourselves a story that we need to basically just kick it every now and then it keep it from being too lazy and this guys come along and got sledgehammer. Trump has come along and he's getting this is getting you. He's going to do really mortal damage to it all right. So here's a short term thinking way of looking at this if you have things like nuclear cleanup. That are one hundred year. One hundred billion dollar projects is this potentially four year maybe eight year term of neglect. Kind of benign neglect. Because it's just GonNa it's all moving so slowly anyway or is he actively doing something in these departments. That is making it far worse. We have to worry. I think we have to worry a lot in. That's not me saying there's there are people who were kind of professional watchers of the federal government who are independent reps of the situation and then they're terrified for a few reasons. One is just the people who were in the federal government in the first year. The trump administration twenty percent of the top six thousand managers in the government civil service senior executive types left Biz. A hollowing out of the talent. And there's real talent there. These are not trivial. People people who were there in a lot of people federal government could be being paid a lot more money in the private sector and they've been drawn to some mission whether it's school nutrition or tending the nuclear arsenal or the weather service. They're there because they love the mission in because they know how important job is and we've mistreated those people for a long time. But now the level of mistreatment got very high and the dispersion of those people is a problem but then there are lots of things that are not so long term. I mean the trump budgets zeroed out both the loan program and the investments in the Department Energy Department of Agriculture Department. Agriculture has a three billion dollar research. Budget typically always overseen by a scientist and agricultural scientist. And if you talk to the woman who previously occupied the place Kathy Woteki a re a one a distinguished agricultural scientists who've been in government. Thirty years really knows what she's doing. She's all of his budget right. Now is one way or another being directed to research tied to climate. Change that we're to feed ourselves we're GONNA have to think differently. Be where how and where we grey sheep and cows and grow wheat and the climate change and have a big effect on the food supply trump appointed to this job right wing talk show radio host from Iowa who happened to support who knew who has no science background whatsoever named Sam Clovis now he has recently been removed from consideration. And there's nobody on his anybody in the job right now but the neglect of investment right now in the government will have consequences down the road. The bright spot is make it so bad and this is the point of the book. It make it so bad that people may wake up and we'll have a different narrative about our government.

Federal Government Donald Trump Rick Perry Department Of Energy Department Energy Department O Department Of Agriculture Department Of Education Department Of Commerce State Department State Department Of People Department Of Defense Columbia River Barack Obama Treasury Department Danny Michael Obama Administration Department Of The Interior
"seventy billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:37 min | 3 years ago

"seventy billion dollars" Discussed on Bloomberg Radio New York

"Sports podcast should Major League Baseball short where the money is flowing inside sports if you're going to games are going to cut revenue from union has to team owners no we Williams speak to the names that our this multi billion dollar industry Derek Schiller National Hockey League commissioner Gary Bettman business of sports listen today on Bloomberg dot com the business at more subscribe on apple podcast you can carry information about the business world in your head for you close to the Kerry in fort the question is how long can it last leaving you free to think about other things what to do with all that information what type of time frame will it take for you to change your outlook one of the inflation these does most working on a lot of things that we have to be worried about radio the Bloomberg business Abin Bloomberg radio dot com Bloomberg the world is listening revisions return policies there are so many ways to redo a decision what are the ramifications if she crumbles or doesn't crumble do they have any other than the court except here we have to get it right the first time we always talk about the losers in a trade war are there winners too you can too how does your modeling have to pivot to reflect different scenario Bloomberg radio Bloomberg business radio dot com a Die Hard radio apps and Bloomberg radio dot com remember the world is listening Instagram's stories are now making significant contributions to Facebook according to a report by social Baker's Instagram is drawing almost ten percent of all ad spending on the company's properties at the end of the third quarter the report also stated that advertisers spending on Instagram stories jumped almost seventy percent from the year prior to discuss we're joined by Eric how strong of a marketer also with us Bloomberg technologies Serra friar who covers Facebook for us and there we were looking at revenue for Facebook seventy billion dollars in projected revenue this year now ten percent alone just from the stories on Instagram and it really goes to show that averages are starting to catch on to this new user behavior because people increasingly are posting to these more ephemeral forums like stories what's more casual there's not as much pressure in on stories advertisers have been slow to catch on and we've seen face of talk about that in their earnings calls that we shouldn't expect advertisers to fully be participating in that format for awhile now and so this is a good sign for Facebook that their revenues catching up Eric in your opinion how much of an increase is this prior to relative years well first off stories on launch in twenty sixteen on Instagram and they really just start monetizing them significantly in this year so the growth is you know relatively rapid instagrams growing at about sixty percent in twenty nineteen alone and going to account for about twenty percent of Facebook's worldwide revenues and that's gonna be even higher in the U. S. specifically around thirty percent now when you look at Instagram stories most Montez Asians happening within the US so it's growing very rapidly so sorry to play off of that if the stories are really monetizing well in the west we expect out then the next logical move would be to go overseas and when we start to see some of that monetize ation abroad I I think you're gonna see a lot more modernization from Instagram in general the problem though on Instagram is that users are increasingly migrating to this ephemeral format and not posting as much on the main feed now the main news feed and the main Instagram feed have ads that are much more expensive still for Facebook so the overall advertising price on average has been depressed because of the shift to stories maybe once it becomes more natural for advertisers to do post on stories will see that improve and over time Eric is this a good sign frankly that as long as I don't care if it's on the feet of the stories as long as for monetizing it and frankly the ad revenue was rising is that really hear what matters well there was a fear that stories for a while given their lower price their lower CPM would cannibalize some spend from Instagram news feed which you know takes a much higher price currently that really hasn't happened and people are you know advertiser just generally increasing our spend across the board whether it's on you know Instagram news feed Instagram stories or of course you know the normal Facebook blew out as well Eric do these things actually work I mean I see ads but our people clicking on them and buying products once they see the ads is it translating into actual dollars well first off Facebook Instagram all those properties they have great tools for advertisers to prove spend improve our ally so when you look at attribution they really are ahead of the pack in a lot of ways you can tie back if someone saw an ad on Instagram to whether or not they made a purchase on your store shop herbal ads or even gonna be more important for instrument for his well and that's something that you know is even closer to the consumers well a lot of these ads on stories as well or more kind of brand building so they're not necessarily trying to you know prove spend but again there are a ton of options in a time tools for direct response advertisers who really need to prove our ally and prove that they're advertising is affected Sir what does this mean for Facebook as a whole the big platform particularly when it comes to calls of breaking up Facebook spinning off Instagram whatever regulators one what is this show now about how closely tied Facebook needs to keep Instagram will face because become increasingly reliant on Instagram to drive its its revenue growth they're still grows on Facebook in terms of sales but a lot of that rapid acceleration is coming from Instagram and specifically the stories format in Facebook has been looking for some alternative to the Facebook news feed because that is already so saturated with advertising they're looking for new areas of growth and investors have really been pressuring them every quarter okay it's great that you've been growing on your normal properties flagship properties what what's next what's the future going to look like and so the fact that this is is going well for them is a good sign but it does show how invested they are going to have to be and growing Instagram in the future to make up for the slowing growth on Facebook airing think of America yesterday was talking about how Facebook even more so than alphabet will outperform and given the atom firemen in twenty twenty is this a really strong Facebook story or really strong advertising environment going into twenty twenty looking at the digital advertising market there's a couple different pieces that are really driving growth now digital advertising throwing double digits it's growing very rapidly within that you know industry social media advertising like Facebook as well as video advertising like Facebook us mold like Instagram stories and you know video ads within the news feed so they're really latching on to these trends and taking a lot of growth as a result and not to mention those of political ads that we increasingly talk about on this program all the time Eric had some of the market and Bloomberg technologies is Serra fryer thank you both for joining and implement technology live streaming.

Williams Major League ten percent seventy billion dollars seventy percent billion dollar thirty percent twenty percent sixty percent
"seventy billion dollars" Discussed on WDRC

WDRC

05:06 min | 3 years ago

"seventy billion dollars" Discussed on WDRC

"And we are back on the picture did you know that last year Americans really do love their pets spending more than seventy billion dollars on there be love companions seventy billion or impacts this far exceed you ready for this this seven billion spent on marijuana in the thirty two billion on pizza so if you put Peter and marijuana together Kate still out did them by seventy billion dollars I think it's a great thing to spend your money or your pets not on P. trimmer one eight seven seven seven two five eighty two fifty five the phone number we are going to phone again packs of bear with me guys I'm gonna go to at Cameron right now Hey Karen welcome to the picture thank you for taking my call were in it's my pleasure Karen what can I do to help you today I want to ask about your comments I heard on your previous show about the living trust I'd like to know is we have to find a group or a person that we can connect into our living trust totally sold it living trust is set up so that someone will look after a pet how can we go about finding a group for a loan we don't particularly seem to be able to find someone okay well first of all I am a big big fan of setting up a living trust for your pets and the reason is I spend way too many years of my life it shelters where someone in the family passed away and rather than keep the pact which is part of the member that passed away if they bring the dog or cat to shelter seven years old I talked to story a couple of years ago is broadcasting from a shop here in Los Angeles and a I family boarding a thirteen year old basset hound that their parents have just passed away and they were taking a thirteen year old back to town and turning it into the shelter the chances of that dog finding a home are slim to none number one plus the fact as the guardians walked away the dog looked at them as if to say what did I do why did you bring me here your mother loved me so setting up a living trust is in fact the right thing to do yeah there are organizations you're gonna have to do a lot of homework there are organizations and also and let you have individual frames that you can work with now when you set up a living trust do you use an attorney and the reason I say that is in the past living trusts to been set up where someone so said oh no problem I'll take care of the dog or cat if something were to happen to you Karen if you were to pass away I promise and then got to be it Karen passed on and they decided that they were too busy and didn't want the dog so you need to get a legal document how much money what you're leaving to the care taken to take care of your pets if you pass on and you need to set up a trust fund that's why it is so critical so if you don't have individual family members or close friends that you can honestly trust what I would do is go to my website the patch dot com is a list of all the organizations based here in southern California the rescue organizations are and you can find one of those organizations that would be willing to set up a trust with you they might even have an attorney to work about setting up a living trust is exactly what you need to do care well the dark one I have a cat my fourteen year walls are awfully scuffle young ninety years in front of you and you got a lot of years in front of you but I do want you to check and make sure you work with an attorney that has some background in setting up living trust for pets I think that would make a big difference Karen I to ease your mind it's the right thing to do don't go anywhere Karen I'm gonna put you on hold and I am going to send you for your fourteen year old cat to keep him healthy and happy ever changes later I'm missing some Lucy pets cats incredible cat litter for your cat make the introduction gradual and we'll have some little by little little by little the cat would just by the way it's one of the it is the the only character on the market right now in this country that had that has that that that I consider really set this noble rates in it and the phone number here eight seven seven seven two five eighty two fifty five eight seven seven seven two five eighty two fifty five and take a break in just a minute but when we come back we have a we have Katie we have our Dennis we have sandy we got Colleen in Michigan will get are you cause I promise lots of great stuff to give away plenty of time to help you cope with your pets also I love to hear from some you guys what are some of the unusual names you half your pattern or to a store in a little while about how pets names change from Whitey Queenie duking came to some unusual names we'll talk about that but if your dog or cat if you giving your dog or cat unusual name give me a call and perhaps I'll send you a great gift the phone number here eight seven seven seven two five eighty two fifty five eight seven seven seven two five eighty two fifty five also coming up we'll talk a little bit about cancer I know it's not a fun subject to talk about but it's unbelievable that fifty percent of Danzig thirty two percent of cats will in fact develop cancer in their lifetime but there are so many treatments now available and it's not a death sentence and there are specialists out there veterinary on college we'll talk more about that I'll continue answering all of your pet and animal.

seventy billion dollars fourteen year thirteen year thirty two percent fifty percent ninety years seven years
"seventy billion dollars" Discussed on WTVN

WTVN

04:04 min | 3 years ago

"seventy billion dollars" Discussed on WTVN

"To learn about the art and science of gift giving apparently in fact we often fail at it given that seventy billion dollars worth of presents get returned after the holiday season with that in mind market watch has a look at gifts that pay off personal finance reporter Lesley Albrecht Leslie help us out gift giving of one of those things that like people practicing cultures across the world and they've done it for thousands of years and they're still really not that good at it and unfortunately consumers for here return between one and three give every year about forty percent of consumers do that so we're really we're not doing it very well wow all right so the better way to approach gift giving is what one of the big mistakes that people make is they focused way too much on what researchers call the wow factor basically the problem is people worry about how the recipient is going to respond in the moment when they get the gift and they really want to give them a gift that we're gonna open and they're gonna be like oh writing and do a big smile and give him a hug and all that stuff but that's usually not the best way to pick out a gift because it turns out that often times people just want something kind of mundane that on their list of things that they once instead of like some over the top get our so if you've made the effort to ask somebody what they want and they give you a couple of options don't stray from the list that is one reason I guess yeah pretty basic it's like number one ask people what they want number two get them that but the thing is like we get to see how we get over excited by the possibility of of giving them something that's going to give like a big reaction so yeah void that our give us another approach here okay another interesting thing and there's been research about this is that people get worried about giving people sentimental presence because they think that the recipient might lake just through more Janet generic give that they be found some preference of they have like for example if you're gonna give your brother or something and you know he likes Nike you might just give them some like issues like that but we really should give people more sentimental yeah they really like it when we go the extra mile and think about some personal shared memory that we have with them so even that so if your brother also like you know if you have some snapshot of you guys together on Sunday we had a lot of fun and it's not like that great of a picture but it helps you remember this time we had together it's actually a better thing to just go ahead and give him that sentimental snapshot speak with Leslie Albrecht personal finance reporter at marketwatch she's written a piece entitled wanna spark joy with your gifts this holiday season scientists have a solution sorry about how we often give the wrong the wrong gift because so many are returned there is an interesting point made in your story to about we let our own desires guide us when choosing your for someone else also yeah that's kind of funny so sometimes we intentionally give bad gets out of self interest because for example we don't want to give our sister the brand new iPhone because we only have the iPhone from last year and if we get right to the brand new iPhone we will feel jealous and that was the unpleasant we don't want to do that or sometimes we don't want to give that up we don't want to give gifts that are identical to things that we already own because that will make us feel less unique so when you're thinking about what you're gonna get somebody look inside yourself and see whether you're really motivated by your own feelings or hello there the recipient of gonna feel about experiences there's been research that shows that you know experiences tend to make us happier than material goods and people often operate under the misconception that like giving somebody a material possession is better because it will last longer and it will be in their house and they will look at it and think of you but really if you want to like build good solid relationships with people you should give them experiences because when you guys go and do something in the other you build these like happy memories that last much.

seventy billion dollars forty percent
"seventy billion dollars" Discussed on WTMJ 620

WTMJ 620

05:34 min | 3 years ago

"seventy billion dollars" Discussed on WTMJ 620

"Have you seen band no I haven't I'm up here in a call what are you doing up there trying to sit on the sofa and that's also is not for sitting we have it hanging sideways from the ceiling for a reason all I thought it was a new style now all we have to solve us from the ceiling and every show room one from honey mustard any other from one of our competitors we let you peek inside both so far as to see how they're made everything is color coded so you can compare the quality of the construction we're not afraid to show you what other builders would never let you see because we know that every piece of furniture in our show room is sophistic rafted with the finest materials and highest standards just look for the hanging so present any penny mustard show room they're hard to miss but please don't climb in this office I learned that the hard way penny mustard furnishings show rooms in Milwaukee and Chicago any monster dot com better versions of what people want thousands of years of practice with humans still have a lot to learn about the art and science of gift giving apparently in fact we often fail at it given that seventy billion dollars worth of presents get returned after the holiday season with that in mind market watch has a look at gifts that pay off personal finance reporter Lesley Albrecht Leslie help us out gift giving of one of those things that like people practicing cultures across the world and they've done it for thousands of years and they're still really not that good at it and unfortunately consumers for here return between one and three give every year about forty percent of consumers do that so we're really we're not doing it very well right so the better way to approach gift giving is what one of the big mistakes that people make is they focused way too much on what researchers call the wow factor basically the problem is people worry about how the recipient is going to respond in the moment when they get the gift and they really want to give them a gift that we're gonna open and they're gonna be like it's so exciting and do a big smile and give him a hug and all that stuff but that's usually not the best way to pick out again because it turns out that often times people just want something kind of mundane that on their list of things that they once instead of like some over the top gifts are so if you've made the effort to ask somebody what they want and they give you a couple of options don't stray from the list at this point and I guess yeah pretty basic it's like number one ask people what they want number two get them that but the thing is like we could you know we get over excited by the possibility of of giving them something that's going to give like a big reaction so yeah boy that give us another approach here okay another interesting thing and there's been research about this is that people get worried about giving people sentimental presence because they think that the recipient might like this though more Janet generic give that they be found some preference that they have like for example if you can give your brother something and you know he likes Nike you might just give them some like issues like that but we really should give people more sentimental yeah they really like it when we go the extra mile and think about some personal shared memory that we have with them so even that so if your brother also like you know if you have some snapshot of you guys together on Sunday we had a lot of fun and it's not like that great of a picture but it helps you remember this time we had together it's actually a better thing to just go ahead and give him that sentimental snapshot speak with Leslie Albrecht personal finance reporter at marketwatch she's written piece entitled wanna spark joy with your gifts this holiday season scientists have a solution story about how we often give the wrong the wrong gift because so many are returned there is an interesting point made in your story to about we let our own desires guide us when choosing it for someone else also yeah that's kind of funny you folks sometimes we intentionally give bad gets out of self interest because for example we don't want to give our sister the brand new iPhone because we only have the iPhone from last year and if we go back to the bay anyway we will feel jealous and that was the club and we don't want to do that well we don't want to give that up we don't want to give gifts that are identical to things that we already own because that'll make us feel less unique so when you're thinking about what you're gonna get somebody look inside yourself and see whether you're really motivated by your own feelings or hello there the recipient of gonna feel about experiences there's been research that shows that you know experiences tend to make us happier than material goods and people often operate under the misconception that like giving somebody a material possession is better because it will last longer and it will be in their house and they will look at it and think of you but really if you want to like build good solid relationships with people you should give them experiences because when you guys go and do something the other you build these like happy memories that last much longer and your feelings about a new object in your house we mean to buy you giving the gift of time it turned out that if you.

seventy billion dollars forty percent
"seventy billion dollars" Discussed on KLBJ 590AM

KLBJ 590AM

04:17 min | 3 years ago

"seventy billion dollars" Discussed on KLBJ 590AM

"Still have a lot to learn about the art and science of gift giving apparently in fact we often fail at it given that seventy billion dollars worth of presents get returned after the holiday season with that in mind market watch has a look at gifts that pay off personal finance reporter Lesley Albrecht Leslie help us out gift giving of one of those things that like people practicing cultures across the world and they've done it for thousands of years and they're still really not that good at it and unfortunately consumers for here return between one and three gifts every year about forty percent of consumers do that so we're really we're not doing it very well right so the better way to approach gift giving is what one of the big mistakes that people make is the focus way too much on what researchers call the wow factor basically the problem is people worry about how the recipient is going to respond in the moment when they get the gift and they really want to give them a gift that we're gonna open and they're gonna be like writing and do a big smile and give him a hug and all that stuff but that's usually not the best way to pick out a gift because it turns out that often times people just want something kind of mundane that on their list of things that they want instead of like some over the top get our so if you've made the effort to ask somebody what they want and they give you a couple of options don't stray from the list there this one and I guess yeah pretty basic it's like number one half people what they want number two get them that but the thing is like we get to see how we get over excited by the possibility of of giving them something that they can they give like a big reaction so yeah avoid that give us another approach here okay another interesting thing and there's been research about this is that people get worried about giving people sentimental presence because they think that the recipient might like this though through more Janet generic give that they be found some preference of they have like for example if you can give your brother something and you know he likes Nike you might just give them some like issues like that but we really should give people more sentimental yeah they really like it when we go the extra mile and think about some personal shared memory that we have with them so even that so if your brother also like you know if you have some snapshot of you guys together on Sunday were you had a lot of fun and it's not like that great of a picture but it helps you remember this time you have together it's actually a better thing to just go ahead and give him that sentimental snapshot speak with Leslie Albrecht personal finance reporter at marketwatch she's written a piece entitled wanna spark joy with your gifts this holiday season scientists have a solution sorry about how we often give the wrong the wrong gifts because so many are returned there is an interesting point made in your story to about we let our own desires guide us when choosing it for someone else also yeah that's kind of funny so sometimes we intentionally give bad gets out of self interest because for example we don't want to give our sister the brand new iPhone because we only have the iPhone from last year and if we get right to the brand new iPhone we will feel jealous and that was the pleasant we don't want to do that sometimes we don't want to give we don't want to give gifts that are identical to things that we already own because that will make us feel less unique when you're thinking about what you're gonna get somebody look inside yourself and see whether you're really motivated by your own feelings or hello there the recipient of gonna feel about experiences there's been research that shows that you know experiences tend to make us happier than material goods and people often operate under the misconception that like giving somebody a material possession is better because it will last longer and it will be in their house and they will look at it and think of you but it really if you want to like build good solid relationships with people you should give them experiences because when you guys go and do something the other you build these like happy memories that last much longer and your feelings about a new object in your house what I mean to buy you giving the gift of time it turned out that if you spend as little as forty dollars on.

seventy billion dollars forty dollars forty percent
"seventy billion dollars" Discussed on KTOK

KTOK

03:34 min | 3 years ago

"seventy billion dollars" Discussed on KTOK

"Thousands of years of practice but humans to still have a lot to learn about the art and science of gift giving in fact we often fail at it given that seventy billion dollars worth of presents get returned after the holiday season with that in mind market watch has a look at gifts that pay off personal finance reporter Lesley Albrecht Leslie help us out gift giving of one of those things that like people practicing cultures across the world and they've done it for thousands of years and they're still really not that good at it and unfortunately consumers for here return between one and three gifts every year about forty percent of consumers do that so we're really we're not doing it very well well part so the better way to approach gift giving is what one of the big mistakes that people make is the focus way too much on what researchers call the wow factor basically the problem is people worry about how the recipient is going to respond in the moment when they get the gift and they really want to give them a gift that we're gonna open and they're gonna be like fighting and do a big smile and give him a hug and all that stuff but that's usually not the best way to pick out a gift because it turns out that often times people just want something kind of Mundine that's on their list of things that they want instead of like some over the top gift card so if you've made the effort to ask somebody what they want and they give you a couple of options don't stray from the list that is one reason I guess yeah pretty basic it's like number one ask people what they want number two get them that but the thing is like we get to see how we get over excited by the possibility of of giving them something that's going to give like a big reaction so yeah avoid that give us another approach here okay another interesting thing and there's been research about this is that people get worried about giving people sentimental presence because they think that the recipient might like this though through more gentle generic gift that they be found some preference that they have like for example if you can give your brother something and you know he like Nike you might just give them some like issues like that but we really should give people more sentimental yes they really like it when we go the extra mile and think about some personal shared memory that we have with them so even it so if your brother also like you know if you have some snapshot of you guys together on Sunday we had a lot of fun and it's not like that great of a picture but it helps you remember this time we had together it's actually a better thing to just go ahead and give him that sentimental snapshot speak with Leslie Albrecht personal finance reporter at marketwatch she's written a piece entitled wanna spark joy with your gifts this holiday season scientists have a solution story about how we often give the wrong the wrong gift because so many are returned there is an interesting point made in your story to about we let our own desires guide us when choosing it for someone else also yeah that's kind of funny so sometimes we intentionally give bad gets out of self interest because for example we don't want to give our sister the brand new iPhone because we only have the iPhone from last year and if we get right to the brand new iPhone we will feel jealous MLC unpleasant we don't want to do that or sometimes we don't want to give that up we don't wanna give gifts that are identical to things that we already own because that will make us feel less unique so when you're thinking about what you're gonna get somebody look inside yourself and see whether you're really motivated by your own feelings or how they're the recipient of gonna feel it's Leslie Leslie Albrecht personal finance reporter at market watch thirty minutes after the hour on this morning.

seventy billion dollars thirty minutes forty percent
"seventy billion dollars" Discussed on WJR 760

WJR 760

13:55 min | 3 years ago

"seventy billion dollars" Discussed on WJR 760

"I'm extremely proud of the fact that for eight years we have not had the kinds of scandals that have plagued other administrations I'm incredibly proud to have served him thing I'm proudest of is not one single whisper of scandal now one I had made a promise to the American people that I would not fall into some of the familiar habits a Washington and at the end of eight years like a Friday I can say the American people I delivered on that committee yeah he got away with it for obvious reasons I have a list of at least twenty two scandal several of which are impeachable by today's standards in fact more than impeachable I've decided we're going on the assault when not playing defense with the communists we're not gonna sit here like patsies and be punched by the vermin on the left we're going to fight back now I ask the following I said attacks on trump are based on racism white heterosexual Christian mail do you recall all of Obama scandals where did the dollars come from that went back to Iran and yet there was no outcry from the anti white male media and I asked you want more and we've been basically going back and forth on that and then I listed Obama's unimpeachable scandals unimpeachable scandals okay meaning he could have been impeached for fast and furious the note that one once sending machine guns to Mexico to set off a war remember that one that was impeachable certainly bigger than withholding funds for Ukraine to and investigate Joe Biden's corrupt son Obama use the IRS to attack its political foes as unamerican as you can get impeachable you ever the attacks in Benghazi do you remember what happened the rebel who died impeachable that wasn't about withholding funds that was about having and diplomat killed how about all of military deaths in VA hospitals because of Obama impeachable how about the swap of this guy Bergdahl for Taliban that's certainly impeachable it's worse than Benedict Arnold I can name many others but the reason I bought it was out of peaches because the vermin in the media are basically racists to their core and the reason they didn't attack Obama was fear that he would because they would be called racist for attacking a the first mixed race president on the other hand they're not a shame to attack trump on a daily basis for invented things why I'll say again let's start with the top he's white he said are sexually script shin and he's a male since we're talking about the racial nature of our nation today because of the people on the left what made Rey so important let's talk about race for a few minutes are you ready for them would you like to hear any of them let's start with the media complaining about white men and clip too let's hear it once again it will be all white men on the Republican side the Republicans it is a line up of white guys over the age of fifty all the white man you've got all white men on the Republican side here on the Republican side all eleven are white men the Republicans it's eleven white met and the Republicans it is it is eleven white men the Republicans it happens to be eleven white men are these white Republican meant what hasn't changed is the number of white men I I know the white man in so at the end of the day if they have a bunch of white men once again defending another white man you have something old white man okay as an actor this is the most racist media an American unimaginably racist it with unimaginable that they get away with this their FCC license or should be pulled and you won the laughter thank god trump doesn't make me the head of the FCC I would pull the license for CNN before I took the position the minute I was sworn in I would yank the license for promoting racism in this nation of promoting lives I have the head of CNN in jail for what he's done this is not a joke anymore they're triggering a civil war in the nation and it's going to be a very dangerous situation if this does not stop when you have these lowlife low IQ left wingers throwing around the words old white men like it's a joke and like this something wrong with being a white male who's old whenever become bad to be an older white man wanted that become when did it become OK what is that all young black men are committing most of the crimes in New York young black men young black men is truth eleven young black man committed most of the subway crimes young black man young black men young black man is sure that most of the muggings young black men young black what would happen people would go insane why why you better watch out you won the left because we've had enough of you now as far as the crimes that Obama has committed several of them are impeachable he delivered our most advanced the drone to the Iranians I don't know if you remember that scandal we couldn't understand the remember we have the most advanced drawn in the world it was sent to Iran in gift wrapping it landed without a scratch on it like a newbie you work in a show room why did Obama let that happen why did the U. S. Air Force send it as a gift wrapped package to the Iranians why you think it was an accident it was not an accident that was impeachable and yet Obama was not impeached why because the Republicans are stupid and weak and grifters by and large in plain English that's the that's the sad truth is not enough street fighters amongst them they don't have the gutter instincts that they need in order to survive and that is why they're letting the leader of the United States of America be ripped to shreds by the by the **** there are other stories and here's one of them California's prop forty seven least arises shoplifting staffs in criminal activity across state I don't know if you know what's going on in this state but there is such an effort to make of shoplifting in this state because of one reason and the reason is the morons in Sacramento can't keep the lights on have reduced the felony level to anything less than a hundred and fifty dollars in value was no longer considered a felony in the making that clear enough proposition forty seven a referendum past five years ago give shoplifters and addicts the green light to commit crimes as long as the merchandise they steal or the drugs they take a less than nine hundred fifty dollars in value we have almost the general bombs and criminal gangs mainly from Central America going into stores with calculators calculating to make certain that the amount of stuff they're robbing in Plano in plain daylight is less than nine hundred and fifty dollars the decision to downgrade theft of property value between below the nine at the fifty dollar figure for a felony to misdemeanor together with selective enforcement that focuses on more serious crimes you know it's resulted in thieves know they can brazenly shoplift and merchants know the police will not respond to the complaints there are junkie sitting around with brand new items in their ten cities are you listening to me they're stealing liquor out of liquor stores they're stealing diapers out of drug stores they're stealing food out of food stores they're stealing candy a candy stores and many of these convenience stores are run by Indian immigrants who are being rob to death we now have organized crime rings who have turned shoplifting into a well organized racket involving junkie thieves and I'm scrupulous black market resellers and gangs increased Antarctic sea ice may have contributed to pacify sages you'll have to study that one not one word about any of them because of the racists in the media most of whom are white by the way this sold out white guys skater their own shadows take a look at the mayor of San Francisco nobody knows her name they pick someone west no one knows we can decide who she is we have an epidemic of homelessness an epidemic of shoplifting an epidemic of defecation and dirt in the streets of defecation of corruption bribery on levels beyond that of the third world and as I said during my yard show that I was joking around I said we invited the mayor of San Francisco unfortunately don't know who it is so we couldn't email or an invitation they selected someone who loves in the no one even knows your name is I see how clever the Democrat machine is in San Francisco this way no one can be blamed for the generous yet the city does one of my little jokes at savage nation live dot com but it's not really a laughing matter stores are going out of business across San Francisco as a result of the homeless bombs coming into the stores harassing people defecating peeing on the floor you think I'm making it up you are wrong I can tell you some stories that I will get a little too personal for you so I don't think I should about how how out of control the homeless situation really is they're not homeless the vagrant criminals by large and I'm not I'm not gonna like modify it like I give a damn I I'm sick of them I'm tired of them most Democrats annals and a dangerous very dangerous very very dangerous now trump is being accused of many things including quid pro quo with Ukraine to release funds for our military purchases accuse now and vermin a left the saying it's a given fact that he demanded quid pro quo when there's no proof no trial the left which claims that they want let us say all the laws of the nation followed are violating the first law the first tenet of the foundation of a of a democracy which is you're innocent until you're proven guilty but the scum on the left I don't have any of the words you know I want to really want to start going at them the scum on the left are now saying trump is guilty before is improving innocent they are so begets they have everything backwards they've committed a civil war against the nation and it's not good and well for anybody's got to stop and one of the crimes that Obama committed that I say is clearly impeachable was giving the I. rainy fascists the Iran fascists or if you want to call them I slam of Felix a promise just in Iran a hundred and fifty two hundred seventy billion dollars in the middle of the night some people say well wait a minute now that was their money that's a left the saying now something that the family now I love it how the left is even defending the terror state of Iran there's no limit to how far they will go in the defense of Obama or of left wing a stupidity six a well the money that was released was Iran's money to begin with and I saw a woman why was it being held since the nineteen seventies why was Iran's money being held since the nineteen seventies because there are state sponsor of terrorism around the world that's what the money was frozen in Iranian bank accounts when the Shah was ousted what do you think it was **** was frozen for because they were using the money to sponsor terrorism around the world and Obama sent them back their own money a release the money so people say well why would he do that why would he do that why would you violate world sanctions in place since the seventies because Obama wasn't a slam of Phillips a promise just in my opinion write it down a slam Phillips the premises impeachable where was the whistle blower when Obama gave around a hundred and fifty dollars seventy billion dollars in middle of the night where was the whistle blower they're probably worse some maybe that the same fate as some of the journalists who disappeared in the middle of the night while Obama was president Obama release that money because he sympathized with Iran and he also bribed them in a certain way okay they say well why am I bringing up old history why because they're impeaching a sitting president was duly elected and it's time to fight it is time to take the gloves off and it's time to compare it to what Obama did that we know was impeachable not questionably impeachable knowingly impeachable but he wasn't impeach because of vermin like wolf Blitzer he wasn't in peace because of rats like the bomb run C. N. N. like the right to run CBS ABC NBC MSNBC the rats like real great friend you want to get down and dirty listen I can do it and I will fight until the last breath is taken from me you are fighting for the security of your children's future or they will wind up pain trains run by communist killers there's no two ways anymore they want war given more they want to fight and fight with them and fight with the facts you got to meet them straight on and don't be afraid of the who are they most of them who are they hysterical college teachers hysterical college professors loses of every stripe hysterical in a mass hysteria I try to stop the mass hysteria with my book I compared the insanity of our times to the Salem witch trials I wrote the book stop mass hysteria America's insanity from the Salem witch trials the trump which on what would rationality goes in the nation reason cannot hold no book on earth can stop what's going on right now no man on earth can stop the madness of the left they want warrant they're going to get war I would I would warn all of you on the left to remember a an adage from the Bible are you ready for it all of you hysterics on the left because here it comes.

Washington fifty dollars eight years fifty two hundred seventy bill nine hundred fifty dollars seventy billion dollars fifty dollar five years
"seventy billion dollars" Discussed on WBSM 1420

WBSM 1420

12:15 min | 3 years ago

"seventy billion dollars" Discussed on WBSM 1420

"I'm extremely proud of the fact that over eight years we have not had the kinds of scandals that have plagued other administrations I'm incredibly proud to have served him the thing I'm proudest of is not one single whisper a scandal now one I had made a promise to the American people that I would not fall into some of the familiar habits of Washington and at the end of eight years like a Friday I can say the American people I delivered on that committee he got away with it for obvious reasons and I have a list of at least twenty two scandal several of which are impeachable by today's standards in fact more than impeachable I've decided we're going on the assault we're not playing defense with the communists we're not gonna sit here like patsies and be punched by the vermin on the left we're going to fight back now I ask the following I said attacks on trump are based on racism white heterosexual Christian mail do you recall all of Obama scandals where did the dollars come from that went back to Iran and yet there was no outcry from the anti white male media and I asked for you want more and we've been basically going back and forth on that and then I listed Obama's unimpeachable scandals unimpeachable scandals okay meaning he could have been impeached for fast and furious the you know what that one was sending machine guns to Mexico to set off a war remember that one that was impeachable certainly bigger than withholding funds for Ukraine to an investigator Joe Biden's corrupts on Obama use the IRS to attack us political foes as unamerican as you can get impeachable you ever the attacks in Benghazi do you remember what happened the member who died impeachable that wasn't about withholding funds that was about having and diplomat killed how about all of military deaths in VA hospitals because of Obama impeachable how about the swap of this guy Bergdahl for Taliban that's certainly impeachable it's worse than Benedict Arnold I can name many others but the reason about me was that of peaches because the vermin in the media are basically racists to their core and the reason they didn't attack Obama was fear that he would because they would be called racist for attacking a the first mixed race president on the other hand they're not a shame to attack trump on a daily basis for invented things why I'll say again let's start with the top he's white he's at our sexual east Christian and he's a male since we're talking about the racial nature of our nation today because of the people on the left what made Rey so important let's talk about race for a few minutes are you ready for them would you like to hear any of them let's start with the media complaining about white men and clip too let's hear it once again it will be all white men on the Republican side the Republicans it is a line up of white guys over the age of fifty all the white man you've got all white men on the Republican side here on the Republican side all eleven are white men the Republicans it's eleven white met and the Republicans it is it is eleven white men the Republicans it happens to be eleven white men are these white Republican and what hasn't changed is the number of white mandate I I know the white man in so at the end of the day if they have a bunch of white men once again defending another white man you have something old white men don't matter this is the most racist media an American unimaginably racist it with unimaginable that they get away with this their FCC license or should be pulled and you won the laughter thank god trump doesn't make me the head of the FCC I would pull the license for CNN before I took the position the minute I was sworn in I would yank the license for promoting racism in this nation of promoting lives I have the head of CNN in jail for what he's done this is not a joke anymore they're triggering a civil war in the nation and it's going to be a very dangerous situation if this does not stop when you have these lowlife low IQ left wingers throwing around the words old white men like it's a joke and like this something wrong with being a white male who's old when they become bad to be an older white man when did that become when did it become OK he what is that all young black men of committing most of the crimes in New York young black men young black men is truth eleven young black man committed most of the subway crimes young black men young black men young black when is sure the most the muggings young black men young black what would happen I would go insane why why you better watch out you wanna left because we've had enough of you now as far as the crimes that Obama has committed several of them are impeachable he delivered our most advanced the drone to the Iranians I don't know if you remember that scandal we couldn't understand the remember we have the most advanced drawn in the world it was sent to Iran in gift wrapping it landed without a scratch on it like a noob you work in the show room why did Obama let that happen why did the U. S. Air Force send it as a gift wrapped package to the Iranians why you think it was an accident it was not an accident that was impeachable and yet Obama was not impeached why because the Republicans are stupid and weak and grifters by and large in plain English that's the that's the sad truth there's not enough street fighters amongst them they don't have the gun instincts that they need in order to survive and that is why they're letting the leader of the United States of America be ripped to shreds by the by the **** there are other stories and here's one of them California's prop forty seven least arises shoplifting thefts and criminal activity across state I don't know if you know what's going on in this state but there is such an epidemic of shoplifting in this state because of one reason and the reason is the morons in Sacramento can't keep the lights on have reduced the felony level to anything less than a hundred and fifty dollars in value is no longer considered a felony in the making that clear enough proposition forty seven a referendum past five years ago give shoplifters and addicts the green light to commit crimes as long as the merchandise they steal or the drugs they take a less than nine hundred fifty dollars in value we have homeless the general bombs and criminal gangs mainly from Central America going into stores with calculators calculating to make certain that the amount of stuff they're robbing in plain law in plain daylight is less than nine hundred and fifty dollars the decision to downgrade theft of property value between the below the nine at the fifty dollar figure for a felony to misdemeanor together with selective enforcement that focuses on more serious crimes you know it's resulted in thieves know they can brazenly shoplifted merchants know the police will not respond to the complaints there are junkie sitting around with brand new items in their ten cities are you listening to me they're stealing liquor out of liquor stores they're stealing diapers out of drug stores they're stealing food out of food stores this stealing candy a candy stores and many of these convenience stores are run by Indian immigrants who are being rob to death we now have organized crime rings who have turned shoplifting into a well organized racket involving junkie thieves and I'm scrupulous black market resellers and gangs increased Antarctic sea ice may have contributed to past ice ages you left the study that one not one word about any of them because of the racists in the media most of whom are white by the way this sold out white guys skater their own shadows take a look at the mayor of San Francisco nobody knows her name they pick someone west no one knows we can find who she is we have an epidemic of homelessness an epidemic of shoplifting an epidemic of defecation and dirt in the streets of defecation of corruption bribery on levels beyond that of the third world and as I said during my show when I was joking around I said we invited the mayor of San Francisco unfortunately don't know who it is so we couldn't email or an invitation they selected someone who loves in the no one even knows your name is I shall clever the Democrat machine is in San Francisco this way no one can be blamed for the degeneracy of the city does one of my little jokes at savage nation live dot com but it's not really a laughing matter stores are going out of business across San Francisco as a result of the homeless bombs coming into the stores harassing people defecating peeing on the floor you think I'm making it up you are wrong I can tell you some stories that I will get a little too personal for you so I don't think I should about how how out of control the homeless situation really is they're not homeless the vagrant criminals by and large and I'm not I'm not gonna like modify it like I give a damn I I'm sick of them I'm tired of them most Democrat minerals and a dangerous very dangerous very very dangerous now trump is being cues the many things including quid pro quo with Ukraine to release funds for our military purchases accuse now and vermin a left the saying it's a given fact that he demanded quid pro quo when there's no proof no trial the left which claims that they want let us say all the laws of the nation followed are violating the first law the first tenet of the foundation of a of a democracy which is you're innocent until you're proven guilty but this come on the left I don't have any of the words you know I want to really want to start going at them the scum on the left are now saying trump is guilty before is improving innocent they are Soviets they have everything backwards they've committed a civil war against the nation and it's not gonna end well for anybody's got to stop and one of the crimes that Obama committed that I say is clearly impeachable was giving the I. rainy fascists the Iran fascists or if you want to call them I slam of Felix a promise just in Iran a hundred and fifty two hundred seventy billion dollars in the middle of the night some people say well wait a minute now that was their money that's the left the saying now suddenly the defending now I love how the left is even defending the terrace state of Iran there's no limit to how far they will go in the defense of Obama or of left wing a stupidity six a well the money that was released was Iran's money to begin with and I saw a woman why was it being held since the nineteen seventies why was Iran's money being held since the nineteen seventies because there are state sponsor of terrorism around the world that's what the money was frozen in Iranian bank accounts when the Shah was ousted what do you think it was **** was frozen for because they were using the money to sponsor terrorism around the world and bomb I sent them back their own money and release the money so people say well why would he do that why would he do that why would you violate world sanctions in place since the seventies because Obama wasn't a slam Phillips a promise just in my opinion write it down a slam Phillips the premises impeachable where was the whistle blower when Obama gave around a hundred and fifty dollars seventy billion dollars the middle of the night where was the whistle blower they're probably worse some maybe that the same fate as some of the journalists who disappeared in the middle of the night a while Obama was president Obama released that money because he sympathized with Iran and he also bribed them in a certain way okay they say well why am I bringing up old history why because they're impeaching a sitting president was duly elected and it's time to fight and it's time to take the gloves off and it's time to compare it to.

Washington fifty dollars eight years fifty two hundred seventy bill nine hundred fifty dollars seventy billion dollars fifty dollar five years
"seventy billion dollars" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:54 min | 3 years ago

"seventy billion dollars" Discussed on Bloomberg Radio New York

"This is Bloomberg Kaneva liana thank you I have to say I haven't heard the phrase tech pro shoes before have you watch a street is not really will by moving the understand that I just love that take brake shoes and it's really interesting when we look into it because like old beds all the Willie shoes that lots of people where the eco friendly but now Amazon or sending some for half the price let's see what happens so no with the same materials yeah thank you so much beyond at Karen's with the world news now Ali Baba surged on its debut in Hong Kong having already risen strongly in the gray market the company raised more than eleven billion US dollars in the fast sale with the stock heavily oversubscribed for more let's go live to Hong Kong webbing back tech reporter leader Chen is standing by eluded great to have you with us so what can we take away from the market reaction to Alabama's listing our other softer parts positive start on their share prices are six point six percent by the end of the day obviously it was sent that was highly oversubscribed and also comes at a time that is very testing Mr appetite protests continued to to through to continue to throw all calling and sent in a hot water is these days that only Baba is using the eleven billion dollars that it raised to expand into new territories including new retail and also internet finance and it's taking a lot of competition at home so it's the timely period to raise cash and its ammunition slew's you say it's it's clearly a bit of an up tick in a point when having those Hong Kong needs one but it was since we're due to the protests had actually affected this it in any way really what was it just noise in the background because in the end this this I think it applies to a much wider area than just what's going on in Hong Kong there was a real effect because in the listing process was delayed for weeks and then also there was questions about there were questions about whether the company would be able to successfully pull off the listing several of their meetings or re arranged to virtual meeting phone calls instead of in person luncheons instead so there is the company faced some set plan but in the end they were able to pull it off and partially because I think investors are looking at the fundamentals of the business and given the recent quarterly reports that things that growth is still strong even though the company's margins are coming down yes it will only by the use the money for the day a couple of areas new retail like I mentioned earlier they are trying to continue to replicate their success and fresh grocery store called home mom and also applied into other portfolio companies they've invested in Southeast Asia is obviously a key market for them and they're using let's not as a vehicle to fight the battle especially in Indonesia and other markets in the region so there's a lot of areas that they do need to put cash and and also cloud computing will also require heavy investment this clearly is a man with people taking assess my guess of what they think of the company's fortunes the basics how they're working of course they had singles day not that long ago which is a massive massive moment for them Black Friday coming up for the other policy little quite civic for ID Bob at the moment but from all that is there a sense that this is a company that really is in a very very strong position now I think they repeat earlier surprised people in terms of how they have been able to maintain their growth tray look a little bit deeper into the financials and some people would say that Ali Baba has been buying its way into growth because it has invested in a lot of areas that is not traditionally E. commerce for example cloud computing new retail offline department stores all that is really changing the nature of the company but with that they've also brought in more avenues of revenue and right now if you look at the company it's really turned and said this massive conglomerates that is quite different from what they started out twenty years ago great to have you with us thank you so much Lou chan I'm just taking a look actually at the Chas all of Ali Baba up seven percent at the moment at one point they rose as much as eight percent on it the day be thank you so much back to reporter lu Chen joining us from Hong Kong and elsewhere in the markets ready a fairly quiet Rogers we were discussing earlier we have some a risk appetite come through all the signs of progress with a phone call between the US and China but quickly faded the stop six hundred flat in Dayton street Adam with a day right you're gonna talk merger mania seventy billion dollars worth.

Bloomberg Kaneva seventy billion dollars eleven billion dollars eight percent seven percent twenty years six percent
"seventy billion dollars" Discussed on AP News

AP News

02:24 min | 3 years ago

"seventy billion dollars" Discussed on AP News

"The hash tag me two movements in papers filed Friday in US District Court Allen and Amazon agreed that the case should be dismissed without prejudice terms were not disclosed Austrian conservatively to suppressed in Kerr's announced on Monday that his party will into coalition talks with the environmentalist greens if negotiations succeed the likely produce a very different government from his previous alliance with the far right's because announced the negotiations often lengthy exploratory his people's party emerged is by far the biggest in parliament from an election in late September the greens who having previously been part of a federal government in Austria so they support soul and returned to parliament after two year absence the two parties have a combined ninety seven seats in Austria's one hundred and eighty three seat parliament there are a lot of damn issues in the U. S. literally a new federal grant program will set aside ten million dollars to fix the dams in twenty six states the grants will pay for preliminary steps like risk assessments and engineering designs but not the actual repairs state or local entities have to provide a thirty five percent match the federal grants amount to a mere fraction of the seventy billion dollars the dam safety organization estimates it would take to repair and modernize the nation's tens of thousands of aging dams committees Carter hospitalized I'm to McGuire within a P. newsman at the house committees involved in the impeachment enquiring released transcripts of three more witnesses cleaning that of Deputy Assistant defense secretary Laura Cooper who said that there were concerns at the Pentagon about the hold up of military aid to Ukraine she had and she came to learn acting White House chief of staff Mick Mulvaney was the one holding up the aid because of unexplained concerns by president trump about Ukraine former president Jimmy Carter has been hospitalized for a procedure to relieve swelling on his brain caused by his recent falls ninety five year old Carter was hospitalized last month after breaking his pelvis in this fall Mexican security secretarial funds will derive so says a rest of been made in last week's ambush killings of three U. S. women and six children by suspected cartel gunmen in northern Mexico the Roger was not saying how many people have been arrested or what organization they may belong to I'm Tim acquire AP digital.

president chief of staff White House Deputy Assistant US District Court Tim Mexico Jimmy Carter Allen Mick Mulvaney Ukraine Pentagon Laura Cooper McGuire Austria Kerr Amazon seventy billion dollars
"seventy billion dollars" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

07:23 min | 3 years ago

"seventy billion dollars" Discussed on Newsradio 970 WFLA

"The franchise we have a second real estate bubble that that is a little higher than the first one but compared to the fundamental demand that I could project with my demographic models we're forty percent over valued now instead of twenty percent in two thousand six of the last B. so we're gonna see a bigger downturn so these finance you can't pop up the financial assets hardly anymore and the demographic trends which we forecast what we can and two thousand eight R. getting worse so so they're running out of steam they're running out of ammunition that's why I say in the next year we are going to see a major crash start and I think it happens sooner than later I still think it's going to happen and it's probably in the second quarter of next year or that's a disaster for the current president it is a disaster there's no way you can win with a crashing agronomy Herbert Hoover was elected in in in late twenty eight a business man coming from the outside supposed to you know do all these great things not be political and the Great Depression it gets what he had the worst landslide loss in history there's no way you could do well in the other room when Obama came in you know for good or bad the the recession already started you can't couldn't blame two thousand it wasn't his fault was it his fault but trump has been with this and he has not only been stimulating to the the problem with all this stuff but he's been harkening on the fed to print more stimulate more so when this thing goes down it looks like oh my god they blew up a Bible and then it burst he's going to be part of the crew he is going to be blamed for this there's no way you can be in office this long so yes I think the icy US stock crash would decide the election but the Democrats hands down if George Bush were running for his second term in two thousand eight he never would've gotten reelected not a chance the year exactly chores not a chance George W. bush HW bush senior just had a more minor recession that got him that's right in the second half and it was even turning around and he and it's still got him soldier of next up we got a Carlos in Carson California Hey Carlos go ahead good evening armor for my very prominent radio broadcasters that the feds were done being a sickly dumping seventy billion dollars a day Val are certain banks certain big banks Hey have you heard anything about well they just they just dumped an eighty seven billion dollars for the banks so I don't know if it's every day but they have been doing that Harry yeah yes they have they have they have ever since they started tightening which draws spend god criticizing them for and and and and selling off the bonds they bought in reducing their reserve that's taking money out of the financial system so banks are having liquidity problems because of that and so the fed is had to step in when the bigger banks won't lend to the smaller banks and that's what's been happening lately and the federal reserve is also decided in addition to that repo thing this injection or term for overnight lending that's just look quick thing they've also decided to start buying sixty billion dollars like they used to do and bonds a month their own treasuries and I think about this for a minute governments are issuing record that buying their own dad with money printed out of thin air to push down the rates meddling to make the debt accommodate a bowl for the market but the push down the rate so they don't have to pay such high interest I kind of call that cheating corporations are using the cheap money from the bed to buy their own stocks earnings per share for companies is grown a hundred twenty percent faster than their earnings so they're just buying back their stocks with cheap money everybody's creating an artificial bubble here main street is growing at two percent the slowest in all of U. S. history and stocks are having the greatest battle in history what does that tell you stocks have to crash down to reality and real estate with and it's that simple what happens if there's another war not a third war but a big war well you know wars at about suede as that stimulate yourself out of a downturn I mean the people say World War two brought us out of the Great Depression well it wasn't just that my indicators show that the Bob Hope generation was on a rising generational spending spree from nineteen forty two to nineteen sixty eight regardless but but yes wars are great white out my problem is who we fight a war where we we don't have anybody to bite on the level of World War three and China certainly is the last person to board a war China is way more exposed to this global economy they export thirty five percent of their economy it was fifty percent of their peak stimulus and and stuff we only export twelve so they cannot afford a war to kill the economy and they can't really afford this trade war they just have a longer time horizon and are not willing to give it so I do not at the other thing George I have three cycles geopolitical demographic and technology the technology cycles the one that's peaking at all and in line with nineteen seventy two he can in nineteen twenty nine the big one but the geo political cycle that started with nine eleven that cycle is actually bottoming in late two thousand nineteen early two thousand twenty that's the only one that's going to start slowly turn around so I think we've seen the worst a geo political trends in Middle East and around at all I think this is it and always mass shootings and stuff I think this is probably about to slowly turn around just like the Cold War did in the early eighties when Gorbachev started talking to Reagan so so that's the only cycle it starts to turn around all of my other cycles just keep going down lower so so that it's we we've yet to see the worst of this that's just what we need here we were coming back for final questions and coals next on coast to coast area news traffic and weather Tampa bay's news radio WFLA the Polk County sheriff's office is searching for Tennessee man wanted for first degree murder in green county Tennessee but he's also a suspect in a double homicide in winter haven thirty five real Stanley Mossberg also known as we will is five foot nine inches tall weighs one hundred thirty one pounds he also has several tattoos he was last seen driving a stolen twenty thirteen black Hyundai Tucson do not approach dial nine one one extra police wrong patrol of the town center mall in Boca Raton Monday after shopper Sunday heard what sounded like a gunshot and panicked I don't know when people started running one man was injured police say that sounded not come from a gun new research shows three of the fastest growing cities in the country are in southwest Florida Lehigh acres is number one fort Myers is sixth Cape coral is number nine with Florida's news I'm John Conrad for the for the federal credit union auto loans traffic.