35 Burst results for "Seventy Billion Dollars"

Biden to Propose Nearly Doubling Capital Gains Tax for Wealthy

The Breakdown with NLW

01:07 min | 5 months 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 | 5 months 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 | 6 months 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
Powerball jackpot winner worth $731.1M sold in Maryland

AP News Radio

00:40 sec | 8 months 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 | 8 months 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 | 11 months 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 | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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
Treasury requests $250 billion more for small business relief

Wall Street Breakfast

00:26 sec | 1 year 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
Disneyland is Closed. It's Only the Fourth Time in 60 Years.

Business Wars Daily

04:35 min | 1 year 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 | 1 year 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
Disney CEO Bob Iger Steps Down Abruptly

Business Wars Daily

03:54 min | 1 year ago

Disney CEO Bob Iger Steps Down Abruptly

"From wondering. I'm David Brown. And this is business wars daily on this Monday march second big news last Tuesday Disney CEO. Bob Eiger stepped 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 CNN. Especially since Agar's employment contract is up until the end of twenty twenty one 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 items replacement BOB SHAPE ICK Twenty-seven Year Disney veteran. Who since two thousand fifteen has run? Disney parks and resorts division. He'll have Gargantuan shoes to fill. Bob Iger is known as a fearless risk taker. A guy who believes in the motto in by. He's been at Disney for forty five years. He took the reins for Michael Eisner. Fifteen years back then. Disney was turning a profit of two and a half billion dollars a year according to CNBC. Today it's more than ten billion not surprisingly share prices followed growing four hundred percent over Eiger fifteen years managing the house of mouse that soaring profitability is typically credited do 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 and creating Disney plus the twentieth century. Fox purchase helped fuel Disney plus by giving it a huge catalog of content. So too did I moved to take back. Disney shows that it had formerly licensed Netflix. 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 group is also known as charismatic. Outgoing executive who loves to HOBNOB The Wall Street Journal says not so much. Pick who the New York Times describes as blunt businesslike and devoted to making his numbers but also quote in love with all things Disney. He has even been known to chat with the Disney characters as he walks through the resorts on Capex Watch Parkson Resort. Prophets grew every year for five years in a row mostly at double digits. According to the journal the newspaper credits the growth expansion of the parks shape lead. Disney's new star wars attractions and the five billion dollars. Shanghai Disney resort but also to what the Journal calls strategic cost cutting parks visitors. Were flat last year. But revenue and profits increased as shaping high ticket prices. During high traffic days. Bloomberg reported following the announcement. Social media was a buzz not just with questions about the abrupt news but also with complaints about unaffordable ticket. Prices Bob I toll. Cnbc and others that his plans to step down were widely known within Disney halls. Just not publicly his reasoning. He said he will become Executive Chairman for the twenty two months left in his employment contract and he plans to devote his time to bolstering Disney's creative content before he leaves the company. Nothing could be more important. As the

Disney Bob Eiger Executive Chairman Cnbc Executive Bob Iger The Wall Street Journal Twentieth Century Fox David Brown Michael Eisner Bob I CNN CEO Chief Executive Agar Analyst Lucasfilm New York Times
"seventy billion dollars" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

08:16 min | 2 years ago

"seventy billion dollars" Discussed on Heartland Newsfeed Radio Network

"Everywhere their daily dispatch is the best way to stay up to date on science technology historical findings and i love it for that by the way they're very good about that liberty news government overspending and the rise the police state freedoms with an s. phoenix dot com even if i didn't have to do show prep for a nationally syndicated libertarian talk show on two hundred stations across the country i would still keep my liberty my freedoms phoenix dot com account going and my daily dispatches delivered because i just love the news that they give not every single story but i don't need to one in twenty stories great line that's what i'm looking for freedoms with an s. phoenix dot com freedoms phoenix dot com i just read an article the other day i i like reading about the electric car did you have always been like a car and truck guy these guys are building these like handcrafted aluminum electric trucks and california and there's a really good article about that if you're in the truck son freedoms phoenix i just read the other days it's pretty neat someday when i'm are you know bitcoin's worth seventy billion dollars might get one of those trucks sounds like a good idea as i say i mean it's always nice to have a new vehicle the nicest safety features anyway going on with this story apparently the goal gung guns zoo loom lions were playing the philadelphia seventy sixers in philadelphia sort of promo game preseason and the incident and apparently a couple of fans rejected for holding free hong kong science not exactly the most radical statement right free hong kong they'll they're saying death to xi jinping saying they'd like to see hong kong free they weren't violent or anything and they just injected right as i according to sam walks here this is the husband of the the more obvious chinese lady right so i get the impression sam is your average american here's a sign over his face in this particular picture but your average american guy and he married a chinese woman presumably they fell lovin you know everything's wonderful sam and his wife were holding signs in support of hong kong during the seventy sixers game that the wells fargo center but those signs were confiscated there's no foul language no politics i asked why not they said don't give me a hard time and walks said in an interview with the the action so i guess ideas that he asked them why what's the problem with holding the signs and they said don't give a hard time i don't know anyway locks admitted that they admitted he then stood up the yelling free hong kong before being escorted out i think it's shameful harsh reaction walks added in that picture there was just up there where it shows the the signs there's like nobody in the seats behind these people now now it's not like he's being disrupted in that way you know in a way interestingly edge you know f the loon lions or whatever loom lions or whatever they are then you don't show a shot but now i mean the way that these live shots work it's not like just some camera just automatically goes and nobody has any control over it there's a director in the control room who's deciding which cams go- at any given time and if that director didn't want some pictures of those signs to go out you know either we'll have to hit the button right i i presume action six news wasn't just hanging around the game with a bunch of cams crappy place to news stories from waiting to find hong kong protesters so i suppose it could be that somebody had a pretty good cam and got the shots and then senate two action news but that seems odd i mean these aren't shots taken from an iphone i can tell by the way they're they're shot so well i did video production high school we did help out with some some like video production that the you know the hockey games and the basketball basketball games and springfield for like a college isn't stuff and i worked with someone else and there was always to camera guys if you had enough of them that their job was not basically you know the action in i want you to find that stuff and they actually wanted to move the camera inappropriate or moves like a good shot of just that so there are people at all these have the manpower and that's high school kids went and did this stuff because that's what the manpower was you know pretty college games back then and so i know you look for stuff like that right and they absolutely do at age this is a major league game i mean it's a preseason game but it's a major league game none the less and they absolutely look for that they look for the the hot mom holding the sign up jumping up and down they look for the you know the crazy fan all dressed up and dancing in the the aisles whatever it might be they're looking for they're looking for the human interest shot you know it doesn't have to last more than thirty seconds but it creates the experience at the game super bowl wrong yeah i mean this will probably go into a little bit that basically the NBA is trying to get into china and the they've got millions of NBA fans in china and they don't want to upset the chinese government too much and so they are trying their very best to say middle the road but that's gonna be pretty hard when this revolutions going global people kicking people out holding signs i mean ship in any form is just bad so some concerns as far as yeah i mean i i'm with you i think would have been better off if the chinese government had put up have you know some countersign than this and just you know flash the pictures up and they look at people's got some opinions on the subject and just leave it at that but there's a lot of pressure coming from china and this is one of the things that i i think is kind of interesting because jay richard nixon went into china to open up the marketplace china participate in to the end of the free marketplace is that a good thing or a bad thing i think it's a good thing a good thing right yeah but richard nixon did i'd say that they had the china the chinese government had to behave like good people just that they were opened up to the marketplace and this gets really complicated libertarians eight five five four five zero three seven three three hundred fifty five four fifty free as in free talk live our history classes start teaching the constitution around seventeen seventy six even later foundation of our constitution goes deeper than that without examining the context gave america its principles and its founding documents we cannot understand the foundation of our liberty and our constitution national republic liberty i university teaches online classes in a way that all ages find compelling and understandable from middle school law school join us at LSU dot freetalklive dot com higher cell bitcoin cash via dozens of payment methods like pay pal then mo bank deposit remittances or meeting in person with cash there are no idea requirements to sign up for and use the site and.

seventy billion dollars thirty seconds
"seventy billion dollars" Discussed on KNST AM 790

KNST AM 790

07:34 min | 2 years ago

"seventy billion dollars" Discussed on KNST AM 790

"News roundup information overload our pretty much a summation of the radical extremism that want to take on Donald Trump I'm I don't even know where to begin except where we started the show today I mean this pie in the sky government controls everything every aspect of your life and on and on and on. pretty unbelievable to me and I I'm not sure that it's going to go well with the American people of what the American people understand to be freedom you know you you you want about you want to talk about the costs of Medicare for all you want to talk about the cost of the new green deal Medicare for all you have some estimates now talking about you know forty two trillion you know for example last month North Carolina state Rep moved to kill her own pro single payer bill yeah that would have been a cost of single parents seventy billion dollars I mean in twenty fourteen Vermont long time single payer advocate governor gave up single payer plan because it was four point three billion annually and you know what you just can't afford all of this stuff it ends up I mean look at this for yeah third of the counties in this country keep you doctor keep your plan save money okay millions lost their doctors their plans and everybody's paying more so how many counties now one third of counties in this country only have one insurer on the so called affordable Care Act exchanges that said you got you one option good luck with that anyway that's your future John McLaughlin the poster Matt tower in the poster retired back with us yet again okay burst assessments of last night's that radical extremist the bait I'm even moderate Joe I mean he's bought in hook line and sinker to the new green deal Matt towering yeah well what John here's an interesting they we've all seen this dungeon campaign to take a clip from something someone says and then use it against another member of the party that gets the nomination when they get the nomination I want to think about the very first debate one of the first things the Joe Biden did was talk about how you can't pay for all these programs that his opponents are trying to propose now he's embracing one of these programs as well and that they are creating. sound bites that would make magnificent commercials against their own nominee whether we're Joe Biden or anyone else so could beat their contradictory from the very first yeah a debate to this debate and now they're all moving so far to the left is the stark difference that you're going to see between president trump and who ever they nominate is going to be so significant that these polls that you see right now or are relevant well I hope you're right and if you're right then I'd that look I don't think Donald Trump is able to pull like any other candidate do you agree with that how absolutely every week we know that and we also know and John is made up I don't know Johns on the air with us or not Johnson they pointed this and and and I look at it all the time most of these polls they don't include likely voters say they they wait their poll overwhelmingly Democrat or they don't wait their power all of the collection sample goes heavily democratic very young you're not being realistic poll of either president trump's approval rating nor are you staying a realistic polling of how he would do at the end against these other candidates and I had her head you know contest what's your take John McLaughlin your watch and I know you're in Israel because we got a big election for prime minister Netanyahu are out there next week hi am what wow I we had a story yesterday I couldn't believe that this guy apparently is compromise for years and everybody knows some of the compromising materials and in Israel but I won't get into the details but are and how they haven't made that a bigger story shocks me first your thoughts on Israel then your thoughts on last night's debate well I'm I'm corner from Jerusalem so in the meantime but you're famous that show that you did last night with mark will then plus your radio show is all of us Facebook over here is that true social media yeah they're putting up with people subtitles salt and white it's been how many people of looked at it that cracks me up. you could look at it probably by the way that Mr has three million followers so it'll probably be in the hundreds of thousands so but you could be a big did put up keeper subtitles and your store is exactly right because the amazing thing is on the other side cancer opponent the left wing opponent that we're running against is is it the guy was running his campaign is still Benson who was bombs pollster and your Clinton strategist and this is all about once again rolling over printed prime minister Netanyahu so they can get the Iran deal back so transparent and hopefully the people of Israel once again like they did in twenty sixteen like they did earlier. they will give their votes to look good in prime minister Netanyahu so that he can continue to work with trump to keep Israel and the United States and relationships never been better and the you know literally recognize in the capital from Tel Aviv moving it to the embassy to Jerusalem and the sovereignty of Golan and the alliance that has been built it's never been stronger there's never worse than under Obama so shocking I'm not surprised that you got a bomb as people working again to try to defeat that Yahoo. it would be a disaster in my view for the region if we lost Bibi Netanyahu and especially with a strong relationship with the president yes and you were right on last time that's shown it's it's going all over Israel okay and of course the social media and the press Facebook Israelis are getting I was shocked when I was there how many people did recognize me but it's not about me what do you think last night's debate when I do get to watch it was routing number our poll numbers here in Israel so I watched it it was an infomercial on the yes Donald Trump I mean once again Democrats are raising what yes Europe is showing that all like the successful president and what's amazing is what was the last time you saw a presidential debate without an economic question they're not asking you what do you think president trump created six million new jobs is that good or bad they're not they're not they're not ready to argue with his success and it's extremely personal and in their attached but all the Democrats you know you couldn't pay for it Biden got weaker as a one along you know it's I thought Sanders and Warren got exposed about how their plans they really don't have they they can't make it up you're promising everybody free healthcare and and treat for loans an honor surveys when we asked people do you think which you think socialism or camp free market capitalism is more fair five three the majority of American states free market capitalism but when you say do you prefer bird big government socialist persons free market capitalism goes to like sixty to thirteen. order of Americans do not want socialism because they connected with big government and when you phrase it that way they understand as you said the loss of freedom you can give your correctly frame that when you talk about Americans don't want to lose your freedom they don't want to be told where to get their health care or not to get their health care we were to go to school how to drive their cars and that's what that's what we're headed for bringing the Democrats when I click break we'll come back more John not McLaughlin Matt tower your posters on the other side then your calls on our Friday concert series want to.

Donald Trump seventy billion dollars
"seventy billion dollars" Discussed on KLBJ 590AM

KLBJ 590AM

03:48 min | 2 years ago

"seventy billion dollars" Discussed on KLBJ 590AM

"News cop today was it was interesting and revealing the definition of intellectual property theft involves robbing people or companies have their ideas inventions and creative expressions which can include everything from trade secrets are proprietary products and parts to movies music and software okay take that for what it's worth I I'm not buying everybody can keep trying it does I'm not buying that the sole reason that we are screaming about the Chinese right now is because of stealing air Jordan now is because of military secrets I don't buy it for a second I think if you fall for that stuff you're a fool it is about hi proprietary stuff that helps businesses copyright so they can make money it's the same thing for a lack of a better term the NFL the NB a dealt with you know why they play there so they can own the copyrights there that's why and you know what would happen if we if we successfully fought the Chinese maybe we will we want to say we we don't work this is more businesses will move there that's what's gonna happen you watch because it's a worldwide economy yeah in people in pitch not Pittsburgh people in Mason city Iowa and Detroit it's it's not this American protectionism anymore right and and I'm looking at is an idea on what ever is the next video game angry real angry birds was Norwegian or something I don't know I just saw angry birds to the other day by the way whatever Megan Edvin some video game the mobile game and he wants to sell the billions of Chinese I want the but he's gone are crap man that guy got my my idea and now not gonna make seventy billion dollars Hey government meet my lobbyist Hey how may go fight this so I can make seventy billion dollars out of he stole it from me and I have sure probably did we disagree I still think the government can enter into intervene I know you don't think that way and I think the government is and can I don't believe that's the reason the reason is that what you should say is ma'am sorry sorry five hundred million customers you're not going to get my game deal with it live play with pong all the rest of your life you're not gonna get my game because I'm not going to do business with someone who steals instead you want to be there and you go Hey Big Brother but this battle for me so I can make a bunch of money or stop this stealing or I've got proof so I can make a bunch of money no so why not survive survive yeah what the hell is this economy what if that guy in China gets my idea and start selling to this economy he steals my idea yes still in your idea and we don't operate that way that's piracy right Clarence afternoons is seven on news radio kale B. J. five ninety eight AM and ninety nine point seven FM do you have individual results may vary when it comes to vein disease and as in Paris and painful varicose and spider veins no one is immune just ask three time beach volleyball gold medalist misty may Treanor I was surprised to see I have been busy I didn't think I was old enough I'm a working mom of three young ones and I still coach I need my legs healthy and performing at their best that's when misty went to vein clinics of America the doctors of being clinics of America specialize in the latest laser therapies and minimally invasive treatments it's like the turn back time the veins they treated are completely gone and.

theft seventy billion dollars
"seventy billion dollars" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:50 min | 2 years ago

"seventy billion dollars" Discussed on WAFS Biz 1190

"Late and arguably the best massage you will ever have we're gonna check that out in our pursuit section but first Facebook here's a surprise might actually be getting stronger as regulatory scrutiny swirls around the company we get more from Serra fryer think about Facebook and what makes Facebook work this seventy billion dollars in revenue advertising business this year it's all about data in the data that Facebook has compiled not just from its users but from third parties from tracking people around the internet understanding what they click on ins and Watson in care about that is the the value at the center of their advertising business and so when the F. T. C. comes and tells them you can't share that data with anybody else well great Facebook one is that in a way I mean they're they're big enough now that they don't really need to rely on other companies building other kinds of products sharing their data with those in order to grow their network I'm not to explain a little bit I mean there used to be a reason for Facebook to share its data with all of the developers of games for Facebook and quizzes in in all things you remember from the Facebook of of five or six years ago but now the company is big enough that it really doesn't need to rely on that network and so the F. T. C. is really punishing a version of phase so that no longer exists it's such a provocative idea and I love reading this story because it really took a turn it on its head and made me think about this and a whole different way you go back to the Cambridge analytica story which is part of the reason why we're even talking about this right right so in Cambridge analytica there was an outside developers who use the face the personality quiz tool to gather information on millions of people not just people use the quiz but their friends and then sold that date at the Cambridge analytica this political consultancy that work for for conservative campaigns including trumps and that was an up for but that's in the back before twenty fifteen and the fact that Facebook knew about it and didn't do anything about it that's a big problem but you know we're going to continue to see leaks like that from the past these these reaches of user data that will come back to haunt Facebook but the fees of today the the face of the future is not the same company and so when regulators think about how to to fix the current problem of this company with a tremendous amount of power over our society and how we how we think and what kind of information we get and who we can act with that Facebook of today is not the ones sharing data with third parties it's not the one that's relying on people to make personality quiz.

seventy billion dollars six years
"seventy billion dollars" Discussed on C-SPAN Radio

C-SPAN Radio

02:55 min | 2 years ago

"seventy billion dollars" Discussed on C-SPAN Radio

"And a half billion dollars on healthcare this year for employees, and how do you ensure that you could continue that into the future and sustain it? We have a seventy billion dollar pension plan, and how can you ensure these people that when they retire? They're eighty years old. They're not worried about is their pension checks deal. So you spend a lot of time on these kind of issues making sure the company is positioned in stable fiscally secure to provide that, and then just recruiting and so forth is a big deal on the pension plan. Investing more in private equity would be what I would recommend for your plan. But you might consider that as a winning returns. So what is the best pleasure? Happy to give you all seventy billion. If you just take the liability with it. Okay. Let me think about that. So what is the best pleasure of being the CEO of AT and T? What's what's what are you wake up in the morning and really excited about and what's the downside other than interviews. Like this of that position. When young people come in. And they're trying to decide or even executive or recruiting executives where to go to work. I just can't imagine a place where at the scale we have to deal with it you deal with technological innovation and technological obsolescence on a massive scale. We will invest in the United States of America this year in all likelihood more than any other company did for the last seven years, and we'll do it again this year. So we're investing at a torrid clip, you're in an industry where the lines are just blurring between connectivity. And between a media and entertainment. Those lines are blurring you get a deal with massive issues like I just articulated and people issues, and and we had the largest fulltime labor union, the United States a lot of people roller is don't have to go. This is part of the business challenge. And it's just every day is a an amazing puzzle that you get to play with and put together the pieces in the right place to create value. So one of the downsides. I assume you have to come to Washington from time to time and deal with government officials. Do you do a lot of meeting with members of congress administration? You go by President Trump and say, by the way, he made a mistake on that. I'm wondering now the last time I talked to President Trump was to tell him great job on tax reform seriously. I. But to your point. This is the most frustrating part of what I do day in and day out as I spend way too much time here every minute that I'm here is a minute that I'm not taking care of employees. I'm not putting together new product. I'm not hiring great executives in great people. We're not getting stuff out to market every day. I spent here is a day that we're not doing that. And we spend way too much time here in too much of our success. And failure is dependent upon what the people in this town decide and do on a day to day basis. I take it. You would never when you leave this job. When I go into government. That would be a.

President Trump United States AT congress CEO executive President Washington America seventy billion dollar billion dollars eighty years seven years
"seventy billion dollars" Discussed on KTRH

KTRH

03:34 min | 2 years ago

"seventy billion dollars" Discussed on KTRH

"Debt, hit eight hundred seventy billion dollars jazz last year. That's the largest amount ever money matters. Host Ken moraif says this is a sign of a bigger problem that can only be paid back. If people have jobs and can pay for that. If we hit a recession. And there are layoffs and people lose job that's going to be a big problem pieces. Consumer debts a big part of what driving the economy so instead of spending pullback and start saving money while you can you can tune in to money matters with Ken moraif, Saturday afternoons at four here on KTAR h KTAR each news time five thirty seven. It may come as a surprise that. There are actually people in Texas who are not football fans where are these people? I don't know. But apparently, they're answering a university of Texas Texas Tribune poll while there's widespread support among sports fans to renew the football rivalry between the university of Texas, Texas, M even more simply don't care according to that poll forty percent of the state's voters want to reestablish the annual game. But forty six percent don't care. That's a different answer than the usual. Don't know or no opinion that actually came in at ten percent. I wonder if it's because they don't agree with the idea that it should be legislated that mandatory that play because there's a San Antonio law. Maker who is who who's floated that Bill. I think he introduced that last November. But it's actually come up in this in this legislative session. Houston Astros beat the Marlins eleven to five and spring training. New catcher Robinson Torino's club. One of the teams to home runs seem to teams are meeting on Miami's turf today. You can hear a tape delay of the game at seven PM on sports talk seven ninety four sheera fryer. I'm John Lewis on Houston's news, weather and traffic station. Newsradio seven forty KTAR h world events national headlines. Houston's morning news with Jimmy Barrett. Ten sheriff fryer. It is five thirty eight now here in Houston. More news, I've seen more and more of these stories. So I did want to mention this to you this morning. A burglar in channel view caught stealing the family dog. Well, there was two dogs. One was a three year old dog. The other one is a basically a four month old puppy. They took the puppy. I saw a picture of the puppy. Look like a golden doodle. I think that's one of the hot breeds right now. Right. Mix between a golden retriever and standard size poodle, because they don't shed. That's the popularity of the doodle breeds a friend who's looking. Okay. I have no idea. How much they go for you. I don't know how expensive they are. But clearly there is a black market out there for a all use the term exotic pets because this is not a mutt right now. This is a purebred dog. But it's just a reminder to all of us who are dog owners and dog lovers. If you have a dog that's kind of unique or unusual or or whatever the case may be you know, we've had other stories of family pets being stolen right out of the backyard. Yeah. So we all have fences, and we all think our our dogs safe out there. But you just might want to keep an eye out and breaking into a whole net is a whole different not not that it's not bad to just reach over the fence and steal somebody's pet to begin with. But actually breaking into the house to take the dog. I mean, that's a whole different level of of crime. I have no idea if it was a situation where the burglar was just breaking into the home to steal stuff and said, oh among take to or who specifically was going after the dog. But either way you'll a family pet is no longer off limits when it comes to people who are stealing stuff from you five forty now, you're a NewsRadio seven forty KTAR each time for another round of traffic and weather together. Let's get you caught up on that.

Houston Ken moraif Texas Texas Texas Tribune Houston Astros Bill university of Texas Robinson Torino football San Antonio Miami John Lewis Jimmy Barrett Marlins eight hundred seventy billion forty six percent forty percent ten percent
"seventy billion dollars" Discussed on KNST AM 790

KNST AM 790

03:27 min | 2 years ago

"seventy billion dollars" Discussed on KNST AM 790

"Would limit your access to hospitals to doctors to drugs and all the rest rationing would take place. There's no question about it. Senator Elizabeth Warren kicked off her White House bid where they promise of universal. Childcare. I forgot that one a seventy billion dollars giveaway that she'd finding what in it with an ultra millionaires tax. The Levy would raise two hundred and fifty billion dollars annually the surplus presumably going toward even more new social programs. Bernie Sanders and other candidates are putting free college on the table at a cost of forty seven. A billion dollars finance? They say three tax on Wall Street. Then there's the green new deal which were blow the gates to socialism wide open. Implementation would require a doubling to quadrupling of federal expenditures. But don't let all those new taxes scare you only the wealthy will pay them. There's just one catch the rich aren't rich enough to cover the tap tapping the top one percent just to fill. Current deficit would require one hundred and two percent tax rate on those earning above four hundred thousand dollars a year. Do you understand that just to deal with the current deficit you'd have to take one hundred and two percent? Of every family earning above four hundred thousand dollars a year. The reality is that paying for the omnibus democratic wishlist would take an eighty seven percent value added tax on every purchase made by every American. Why new thirty seven percent payroll tax on every wage earner, rich and poor. According to the Manhattan institute. And we'd still have that twenty two trillion dollar and growing national debt, and I would add to mister Finley in the over two hundred trillion dollars in unfunded liabilities. I want you folks to think about that. It's interesting how the media other than as I say these sort of generic bromides about what are you going to come up with the money? They don't give people the specifics. And it's interesting when the polls are taken by the New York slimes and NBC seeing all the rest of them. They never they never say if we did that and this happened for or against it. Instead, it hate you favorite free college. Or look at that ninety seven point seven percent of the public says, yes. But what about the consequences? And here's really the kicker. These annual deficits which contribute to this massive debt. Are aimed at young people in this country. And babies yet born future generations. And yet so many of them not all of them are suckers for this. Suckers for this. It's like a roulette wheel. Where will the ball land? It's only a matter of time which year will it be. Which group of high school and college graduates? Will it destroy? Because this cannot go on forever. And it will not go on forever. Because as I always say the laws of economics like the laws.

Senator Elizabeth Warren Bernie Sanders New York Manhattan institute White House mister Finley Levy NBC four hundred thousand dollars two percent two hundred trillion dollars twenty two trillion dollar seventy billion dollars fifty billion dollars eighty seven percent thirty seven percent billion dollars seven percent one percent
"seventy billion dollars" Discussed on KNST AM 790

KNST AM 790

02:05 min | 2 years ago

"seventy billion dollars" Discussed on KNST AM 790

"Find a way build skills work for people learn skills, there's so many different ways that you can do this. You know, Warren is set to release her seventy billion dollar per year plan for universal childcare that will. Will be used by the wealth tax. So after everyone's paid taxes. Now, she's giving us a number. She wants the after you've been taxed you saved. Any? She's going to grab another seventy billion and redistribute the money for universal. Childcare. Is there anything they don't want to pay for? And do you really believe these promises? Platitudes bumper stickers are gonna be upheld. Because if you do I want to sell you a bridge. Whatever one you want. It is the a premise on lies. It is a premise. Also. You know, Bernie saying Trump is a pathological liar fraud, racist sexist. Okay. Well, we're starting a ready. You know, look at the rush to judgment club chore. I do I don't support for your college only to whatever she supports. This will destroy the United States of America, as we know it, and it's going to appeal to some people because it's free. It's got to appeal to some people because it takes away their fear. It's going to you know, you want somebody gives you everything what happens to your own incentive to dig down deep and be the best. You can be stress is a good thing. Stress makes you dig deeper and grow and push yourself. You know, if you ever climb up a high dive, you gotta jump. Sometimes it doesn't work out doesn't. Well. You pick yourself up dust yourself off and go on. No, whining and football. Hey to a cyber criminal. Let's say you have a coffee shop with the public wifi. Guess what that's their hunting ground same with the hotel airport..

Trump Warren United States Bernie fraud America seventy billion dollar
"seventy billion dollars" Discussed on WSJ What's News

WSJ What's News

03:37 min | 2 years ago

"seventy billion dollars" Discussed on WSJ What's News

"The US healthcare landscape is changing Cigna finalized. It's fifty four billion dollar acquisition of Express Scripts on Thursday just weeks after CVS completed. It's seventy billion dollar deal to acquire Aetna. Joining us now via Skype from Los Angeles with the details and more on what the mergers could mean for consumers is Wall Street Journal reporter, Ana wild Matthews on a bring us up to date on the plan. Cigna and Express Scripts have outlined for their top. What do we know about the next steps they'll be taking well what they said is the first step is to ensure that their current services. Don't fall off or suffer in any way. And that's that's aimed at reassuring their clients because it can be very challenging to integrate the operations of two such large and diverse companies, and they want clients to be confident that they're not going to be disruption. So they actually said that was job one next year. They said they will start rolling out you offerings that will combine the assets of the two companies they're bringing together. Cigna health insurer that largely serves employers and Express Scripts major pharmacy benefit manager. And of course, considered with the CBS Aetna deal. This creates to juggernauts in the healthcare space. Both of whom say the mergers will lower consumer costs. What can you tell us about the battle between those two to do that? While I have to slip in there. There is a third juggernaut which hasn't done a recent deal, but has been growing over many years, which is United health group which owns the biggest US health insurance as well as a pharmacy benefit manager. So those three companies really will be duping it out all three of them have again, both pharmacy benefit management and medical management or health insurance operations, and they will each be trying to convince clients large employers even government entities and others that they are going to do the best job of both restraining cost growth and improving services. Because everyone I think believes that the complexity of the US health system is something that. Frustrates a lot of consumers or employees ease in the case, of course, of the employers, and these companies are pledging that their mergers will help ease that for people and Ana is you note traditional pharmacy. Benefit managers are also being pressed about transparency on pricing. How these companies addressed those concerns they are they are certainly doing that. In terms of what they're saying publicly the proof knee end. Of course will be in the pudding in terms of how satisfied their clients are that these truly are transparent. But certainly the companies are all talking about offering options that get rid of or pass through rebate payments, which can come from pharmaceutical companies, I should say they've always had options of passing those through. But they're rolling out new types of services that they really focus on the net cost of the drug rather than some of the additional fees benefits payments that may come with that drug from the pharmaceutical manufacturer, what are some of the challenges that? Lie ahead as these companies try to roll out their initiatives and combine their assets. There's a lot of complexity these are big companies, and certainly some analysts are watching for whether there's an advantage in the near term to United health which won't be integrating such a transformative acquisition as CVS and Cigna will be but the operations on these companies are complicated. And they have many many functions claims processing, huge IT operations just also cultural issues huge employee basis that do things a certain way and to achieve some of the goals that they have laid out for themselves..

Cigna and Express Scripts Cigna US Express Scripts Aetna Ana wild Matthews CVS United health group CBS Aetna Los Angeles Wall Street Journal reporter fifty four billion dollar seventy billion dollar
"seventy billion dollars" Discussed on Stansberry Investor Hour

Stansberry Investor Hour

02:03 min | 3 years ago

"seventy billion dollars" Discussed on Stansberry Investor Hour

"China where the strategic purpose of balancing against soviet communism so we really haven't had a i think a strategic and adult conversation about the trump approach i think has been disruptive and what i would i i would say as a as a a constructive way because it's resetting with the terms of this relationship are back to that adage of not drawing too many longterm conclusions based on shortterm tactics we have allowed the economic relationship to go on for a long time we're we're trying to can set its own terms for behavior inside its borders that we wouldn't tolerate anywhere else in the world i mean we hit the europeans up all the time on much smaller matters we've never let the russians get away with as much on the security space we've let the chinese get away with in fact the chinese basically tell us the words were allowed to use in describing what american policy towards them as going to be so we have a policy called a one china policy and whether you're for or against you think that means that's not an english phrase most americans would not describe any policy as well how many times did you think there were and so i think trump has been helpful in going after the economic relationship it is the most important strategic part of the relationship that we have big influence over where they go with their military we don't have as much control over we can influence some but the economic relationship they need us and he seems to inherently understand that in a way that previous presidents either didn't know or didn't listen to when advisers try to bring that up but i think that this the trade negotiations going on now are probably the most important strategic event in us china relation since the normalization of relations back in the seventies china has offered to purchase around seventy billion dollars of us goods if the trump administration doesn't go forward with some of these proposed.

China trump seventy billion dollars
"seventy billion dollars" Discussed on NPR News Now

NPR News Now

02:01 min | 3 years ago

"seventy billion dollars" Discussed on NPR News Now

"Tests are expected in puerto rico today and pr's adrian florida reports the demonstrators are marching to oppose a long list of austerity measures that federal overseer say must be implemented to free the island from debt these include cuts to the islands school system to public pensions to government health benefits a tripling of tuition at public universities selling off the publicly owned electric grid the measures were approved last month by the seven member board that the us congress created to get the island's finances in order the hope is reportedly politico to start paying off the seventy billion dollars it owes to bondholders protesters are furious at the federal board and at their own government for agreeing with most of the proposals they say they'll harm the island's most vulnerable huge marshes or planned at the capitol building and in some kwan's financial district and many businesses will close today adrian footy though npr news sun quan would political you're listening to npr dozens of migrants from central america remain stopped in mexico at the us border near southern california they're seeking political asylum in the us claiming they face political and gang threats at home president trump has tweeted angrily about the migrants caravan saying he's watching it a california supreme court decision is expected today it may make it harder for companies in what's been called the gig economy to classify their workers as independent contractors from member station k q e d in san francisco peter jon shuler reports the ruling in a lawsuit brought against a delivery company by drivers expands the definition of who can be classified as an employee university of california hastings law professor vena do ball says the ruling shifts the burden to employers to prove their workers are actually independent contractors and not employees gig economy is that companies are going to have to look long and hard on whether or not they are.

adrian florida us kwan mexico california trump peter jon shuler puerto rico congress america president supreme court san francisco university of california hasti professor seventy billion dollars
"seventy billion dollars" Discussed on The Money Guy Show

The Money Guy Show

02:02 min | 3 years ago

"seventy billion dollars" Discussed on The Money Guy Show

"All love to be a part of that he gets the bring into the berkshire hathaway families or so is it's hard to reproduce what he's doing so he saying that the public needs to be aware of what prophet is from operations that's going to be harder now that they have to also include this 100 in seventy billion dollars in the valuation it has on january and how this december who different on december or however their year end is that is going to create some fluctuations in his concern and i'm worried about this for all of our our viewers than anybody else who's an investor this could create some distortions and the fact that the guys you know had is when a company releases earnings it's at the at the close of business the the stock bell rings at four pm m right right after its the bell rings they start earnings get released and pundits immediately go out there and they try to figure out is a good news bad news and they give an opinion really quick and there's a whole race to be the first one to give the opinion is is be careful because some of those off the cuff predictions or reads of the earnings are probably going to be wrong because they're going to be either inflated or they're going to be depressed because of what's going on with with the changing market value of stocks they might uh and yeah i love the way that he that he wrap this up this little quote quotation that we put out at says consequently media reports sometimes highlight figures that unnecessarily frighten or encourage many readers our viewers media the you're hearing some stuff that might cause you to feel or behave one way when realistically hasn't changed under ma underlying fundamentals of business and so we think about okay well what's warned saying to us as the average investor unita listen for those things that come out that might frighten everyone else because that's the opportunity that's when you should be that's when you should seize the opportunity and then the things that encourage people are maybe they get a little to excite a little overheated that's when you and he did take a step back and think are things really as good.

berkshire hathaway seventy billion dollars
"seventy billion dollars" Discussed on The IVY Podcast

The IVY Podcast

01:41 min | 3 years ago

"seventy billion dollars" Discussed on The IVY Podcast

"It always sounds like her really fantastic idea on what are like the most common challenges that an idea like this faces why doesn't exist already what is the hesitation of people have been the biggest question that you hear first off is on can you i trust people which has money you know are they are they are they really gonna can we dislike invest in education or microloans or small business can the small business community to spur entrepreneurship why do we need to give people money i can't they just use it all kinds of stuff that they shouldn't be using for and there's a um there there's a there's a practical response to that in there is also a moral one the practical one is that we already give seventy billion dollars to tens of millions of americans in this country it's called the earned income tax credit and what it really is is we send checks in the spring to people who need the money in the most and we know generally that they use it responsibly that their kids do better on tests afterward they stay in school longer we know from other similar cash transfer programs that people that hospitalization rates go down we know that people tend to work just as much as they did before if not more that they tend they they don't start you know smoking or drinking significantly more we know that it works so there's a practical answer and then there's a moral answer which is in my view.

seventy billion dollars
"seventy billion dollars" Discussed on FinTech Insider

FinTech Insider

01:56 min | 4 years ago

"seventy billion dollars" Discussed on FinTech Insider

"This is a company valued at four hundred seventy billion dollars all right so the doing alright but they got a heck of a home market ringer billion people in the hallmark that the traction i guess you know one one who put gates this mammoth takeover move is that when you've got open banking ap always and you've got actually bank to bank transfers from where my salary goes in every month to be able to then instantly page with the people's bank accounts that's interestingly a payment scheme alternative this evolving as an opening coast system against a you know a joint badmouth of a of an organization may be the the coalition of everyone in this open ecosystem will will in some way balanssa moving on so submitted to fend taken solder news dot com by thomas he's like prince he just has one nine knots him osce banks scrap atm fees yes i think this is a quite an interesting one actually the strengthening banks have been pretty well protected for it it's like that galapagos islands thing you know as they've been pretty well protected until the sort of changes the regulatory landscape and actually wear customers expectations also these guys have been getting away from from what i understand from a pretty uh pretty robust briefing from our friends rfi media group today in terms of these strongly market you the views of pretty pole technology is allowed them to get away with too dole a fee for every cash transaction that was actually being taken out this is kind of being scrapped in most of those cases although it still feels like this probably a few areas where where it's not gonna be this is going to cost them one hundred thirty million pounds of revenue in tim scrapping these fees but it feels let the thing where i'm like.

bank accounts osce four hundred seventy billion d one hundred thirty million pou
"seventy billion dollars" Discussed on Strong Opinions Loosely Held

Strong Opinions Loosely Held

01:40 min | 4 years ago

"seventy billion dollars" Discussed on Strong Opinions Loosely Held

"Talking about of fiscal restraint reining in a budget and the the mortgage interest deduction today it's probably about a seventy billion dollars that the federal government loses but but it's a policy that everybody's sort of a little bit afraid to touch right everybody sort of an seems to like get and a big part of that is that realtors and homebuilders' have been really pushing to protect this so so there are some sort of interesting politics i think under underline it it's a it's it's genuinely believed to be a not a great policy but but a lot of political support from those groups it's worth noting that there's little incentive to change the policy because the mortgage interest deduction overwhelmingly benefits upper middle class voters ak the majority of elected officials voter base but it's the recognizing this gap in reality that allows us to understand why they're so much poverty in the us in 2017 homeownership has become the primary way that we build wealth in the united states and so even the homeowners are more involved in their communities they're involved in really particular ways quite often what they're involved in doing is making sure that nothing happens in their neighborhood that would hurt their property value because their their property values that's that's how people are building wealth and what does that mean what often means keeping certain types of people out of your neighborhood bright trying to keep low income people out of your neighborhood may be trying to keep homeless shelters out of your neighborhood often that's very racial izedin in how that languages coded trying to keep certain types of land uses they think are going to drive your property values downright trying to keep those out of your neighborhood americans have more of their wealth and their homes than in anything else where we've created a system where it's actually very hard to build wealth and especially for middleclass people outside of housing.

united states seventy billion dollars
"seventy billion dollars" Discussed on CFR On the Record

CFR On the Record

01:52 min | 4 years ago

"seventy billion dollars" Discussed on CFR On the Record

"The fact is that we've been under pressure richard for thirty eight years everybody you look around us indonesian everybody has some sort of a foreign umbrella either nato for deduct us support iran dozen how had niece survive how have meese avoid without any support from outside it's because we rely on our own people it's because we rely on our own people that be been able to survive regime change we've been able to survive a war everybody supported saddam hussein people wanna forget that for eight years we were subjected to a world where everybody supported the other side from the soviet union to the united states to every other permanent member of the security council people spend billions upon billions of dollars you remember that a few weeks ago saudi arabia spent one hundred in ten billion dollars uh buying arms for themselves they purchased seventy billion dollars worth of arms for iraq during its war against iraq but we survived survived the war we survive sanctions research by hillary clinton's flip crippling sanctions the worst types of sanctions ever had been imposed on iran for many years we survived why do we survive it because we can rely on our people the same people who stand in line for ten hours to vote for the president because general mattis the other day said that iran is don't have a choice that the total chooses the president and he made a reference that it is as if president trump would choose the next president of the united states come on people stand in line for ten hours to work for the president that had been preach.

richard nato meese soviet union united states saudi arabia iraq hillary clinton iran president trump saddam hussein ten hours seventy billion dollars ten billion dollars thirty eight years eight years
"seventy billion dollars" Discussed on NPR's Business Story of the Day

NPR's Business Story of the Day

01:36 min | 4 years ago

"seventy billion dollars" Discussed on NPR's Business Story of the Day

"Everyone loves it an enemy now you have over a global player valued at seventy billion dollars five hundred cities worldwide but what has his story tell us largely about a wildly successful upstart company but with a workplace culture of you know it sounds like sexual harassment poor leadership is her lesson here yes i think a lot of folks and infamy shirley travis kalanick if someone who i believe and i think a number of people believe that really took this company to where it is now he's very aggressive he had to fight of incumbent taxi distreesed is so many of these markets have really controlled how transportation works and you know you could argue that without that sort of aggressive spirit they wouldn't get choi they are today another question is do you need that type of aggression once you've essentially already up into the transportation and strict and uh uh you know if you're already sort of the dominant player can you bring in a more traditional ceo that that you know say a an initial public offering might be more friendly to or might sort of play well with others uh like travis calinikos had a very difficult time doing for most of his career so to the lesson maybe be be aggressive but dumb also realize would you don't have to be anymore they more attention to uh to potential problems in the workplace which we saw my guys it go is technology reporter for the new york times breaking the story last night that hooper's ceo travis kalanick is stepping down like thanks to the time pay thanks for having me.

shirley travis kalanick choi ceo reporter the new york times hooper travis kalanick harassment travis calinikos seventy billion dollars