35 Burst results for "Three Hundred Fifty Billion Dollar"

Inside Biden’s $1.9 Trillion Stimulus Bill

Quick News Daily Podcast

03:31 min | 2 months ago

Inside Biden’s $1.9 Trillion Stimulus Bill

"Start right there with a pass of that. Covid stimulus bill in the senate on saturday night. I do need to preface this by saying it does have to pass the house again because there were some changes made by the senate so it's not passed into law just yet but we'll go for what this bill will include when it goes through the house and i'm going to try my best to sound like i'm not rattling off just a bunch of dollar amounts but there's a danger. It might sound like that but just bear with me. There might be something in there that would be useful for you. Your family someone. So for helping the unemployed it extends that three hundred dollars a week plus the state unemployment end it makes the first ten thousand two hundred dollars of that non taxable for households making less than a hundred and fifty thousand dollars it also fully funds cobra. Health insurance premiums so that employees who have been laid off can remain on their employer plan for free. There's also going to be another round of checks fourteen hundred dollars for a single taxpayer. Twenty eight hundred couples indy. Get fourteen hundred dollars per dependent now the starts to taper off at seventy five thousand for individuals or one hundred and fifty thousand dollars for couples ended completely gets phased out at eighty thousand dollars for a single tax payer and one hundred and sixty thousand dollars for a couple it gives state and local governments three hundred fifty billion dollars to cover expenses related to covid through twenty twenty four gives schools one hundred and thirty billion for k. Through twelve in forty billion dollars for colleges and that's to help them reopen safely so parents can get back to work for businesses. they'll be twenty five billion dollars going to restaurants and bars. This max out at ten million dollars per company in five million dollars per location additionally there will be seven point two five billion for the paycheck protection program once again forty. Six billion dollars will be going to state local and federal governments to help with testing and contact tracing as well as fourteen billion dollars to help speed up. The vaccine distribution for healthcare there will be financial assistance for aca affordable care act premiums and this is just looking to get the number of people covered by insurance to increase into further incentivize. The south to expand medicaid since they're sort of the holdouts town there. The republicans are blocking that there are also increases in tax breaks to parents who have kids up to three thousand dollars per kid if their age six to seventeen and thirty six hundred dollars per kid if they're under six years old and that spread out over the twelve months according to analysis this plus the fourteen hundred dollar check would cut the number of kids in poverty by more than half. In addition there's changes to the earned income tax credit for this year in extends to people without children. And if you're looking for how much that would be for low to moderate income folks. It'll be somewhere between five hundred and forty three dollars in one thousand five hundred and two dollars. Lastly in the rental and homeowner category it gives thirty billion dollars to help low income and unemployed folks afford rent and utilities and at the state level states and tribes get ten billion dollars per homeowners. So all in all. I think thing that really struck me. Was this tweet that i saw saying that. Isn't it kind of crazy. That biden asked for a one point nine trillion dollar stimulus deal and he got a one point nine trillion dollar stimulus deal like i think that makes biden a pretty good politician. One of the main criticisms of obama was at he started out by compromising with republicans and gave them the compromise offer in the first place instead of starting out high. You can't say that for biden so far in this could be a sign of good things to come but like. I said they're hoping that this gets signed into law by the end of the week after the house passes it sometime this week.

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

TIME's Top Stories

05:15 min | 2 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
Democrats Weigh ‘Plan B’ to Raise Minimum Wage

WSJ What's News

01:27 min | 2 months ago

Democrats Weigh ‘Plan B’ to Raise Minimum Wage

"The house is expected to narrowly pass a one point nine trillion dollar covid nineteen relief bill tonight. The plan would enhance an extended. Federal unemployment benefits provide three hundred fifty billion dollars in aid to state and local governments and send fourteen hundred dollar direct checks too many americans included in the house. Bill is a proposal to increase the minimum wage. Our congressional reporter christina peterson says that controversial provision is expected to be cut out when the bill gets to the senate so the big question all along has really been what happens with this bill and the senate and we got part of the answer on thursday night when the senate parliamentarian ruled that a broad increase in the minimum wage to fifteen dollars an hour would not comply with the chambers rules. So now we're seeing senate. Democrats are looking to see if they can create sort of a plan. Be sort of an alternative way of structuring. A minimum wage increase that would comply with the rules. And what they're looking at is doing something involving taxes like penalizing big companies. That don't pay more than fifteen dollars an hour and creating some incentives for small companies to give them a reason to do that. But it's not yet clear if that will get democrats on board if that will pass muster with the parliamentarian and then it would have to go back to the house where the progressive democrats have said. Well that's not quite as good as just raising. The minimum wage christina says democrats are racing to finish the package before certain types of federal unemployment. Assistance run out on march fourteenth.

Senate Christina Peterson House Bill Christina
Most government grant money is going to small businesses, financier says

Jeff Wagner

00:30 sec | 1 year ago

Most government grant money is going to small businesses, financier says

"Investors keeping an eye on the stock market annex wealth management president and CEO Dave span telling W. T. M. J. there is some good news out there of the three hundred fifty billion dollars that one on the first trying to eight hundred and thirty million wants to publicly traded companies that is one fourth of one percent so that meant that ninety nine point seven five percent of the money wants to small business this not also says forty out of fifty U. S. states are nursing a flattening or decline in the number of covert nineteen cases

W. T. M. J. President And Ceo Dave Span
Senate reaches deal on $484 billion relief package

Sean Hannity

00:19 sec | 1 year ago

Senate reaches deal on $484 billion relief package

"Senate democratic leader Chuck Schumer thinks the deals in place on a small business relief package Schumer told C. N. N. today a tentative deal would pump another three hundred fifty billion dollars into a popular small business loan fund that's run dry the bill would also include seventy five billion for hospitals twenty five billion to expand a corona virus

Chuck Schumer C. N. N. Senate
Pelosi says deal 'very close' on billions more for small-business loans

Allworth Financial's Money Matters

00:25 sec | 1 year ago

Pelosi says deal 'very close' on billions more for small-business loans

"As the roughly three hundred fifty billion dollars small business loan program is dried leaving thousands of small businesses in limbo house speaker Nancy Pelosi saying today that Congress is very close to reaching a bipartisan deal on an interim emergency relief plan we have a a template of we've done it once we can do it again Gretchen leaders negotiating with treasury secretary Steven Mnuchin who said today he hopes to see a deal before the

Nancy Pelosi Congress Steven Mnuchin Limbo House Gretchen
China and the U.S. are growing (or not growing) economically apart

Marketplace with Kai Ryssdal

06:53 min | 1 year ago

China and the U.S. are growing (or not growing) economically apart

"And I WANNA go back a couple of days to this report from the International Monetary Fund saying the global economy was going to shrink this year by three percent and then in that same report. They said you know. We're looking at a rebound in twenty twenty one and I wanna know if you as a trained economist on this radio show today by that. That's a hard one. I I think when we looked at twenty twenty we expected a global rebound from for the year in January. We saw that. The trade agreement remember that last year. That was the biggest crisis. Twenty nineteen trade agreement between the US and China with the Tailwind for global growth more broadly. And so when the World Bank is basically saying is that nineteen just world on pause for a year and it restarts twenty twenty one. I do think the world looks better in twenty twenty one but I think it's going to be hard list to get to three percent. Gdp grouse Lovely in twenty one and been everything. That's going down right now right right. We'll just we'll just note here. The varying sound quality. Here this being live rated but we're all doing From our living rooms and let me ask you to turn to China here for a second. We're doing some China the rest of the program but we have to point out that What had been one of the fastest growing economies in the world shrank last quarter by almost seven percent. It's pretty clear we're not going to get them the Chinese to help drive out of this lockdown right now at the Chinese. Were counting on us to help them to get their economy back on track and since it's still an x force case economy now. The Chinese are worried. Because we'RE NOT GONNA be buying as many of their goods so the whole world is stuck in a funk. Nobody's GonNa be healthy guy that drags everybody through this. We're all going down together and it's very interesting that to me that we're in a in a moment where world leaders can't really see to coalesce around anything but we need each other more than ever need each other to be stable more than ever to be able to get out of it. Well so look Neil on that thought of US meeting each other more than ever. Let's apply that domestically here for a second and the idea that Congress. Now we've exhausted that three hundred fifty billion dollars in the Small Business Administration loan program. The Senate in the House are out on recess and cannot come to terms on what to do next. If you're an American business person what what are you planning for? Because the uncertainty it seems gets worse every day in this crisis but still you have to plan in process rights are. Luckily we have another outlet? Which is the Fed the Federal Reserve? Has I thought they were holding meetings chair Powell's a garage because they were throwing out so many kitchen sinks that this problem they have done everything and probably some things that I haven't thought about to arrest this problem in really make sure that credit flows to households in consumers at around Congress in around Leveraging some of the congressional move says while and enlists remember that banks are actually going to be part of the solution here instead of the problem as they were in two thousand. Eight Bank. Balance Sheets are very strong very solid after ten years of regulation so there is some help stealth flooding even. Congress is on recess for right. Now let me ask you. This is look this is in a way. It's a scary question. It's a little bit cynical but it's something that's been on my mind so yes. The Fed is going great guns and doing what it can part of. What it's able to do is because it has the backing of the Treasury and and some approvals by the Congress. Do you suppose though that it's possible that this crisis accelerate so quickly as Congress can't come to terms that it that it exceeds the capacity of the American government to fix while it depends on how behind Americans themselves get on debt payments and things like that and it depends on the whole that the federal government lied to steepen that dot the base that you're talking to Washington going on right now Is that the Republicans want to send money to the Small Business Administration program. That's been helping small businesses with their payroll and at the same time. Democrats want to send money to the state and to the hospitals that have been dealing with this problem on the front line. Republicans don't WanNa do it there They don't want to send emergency funds stays in hospitals. Which is I just. Don't understand how to be an ideological thing. We'RE GONNA get ideological here. We're all GONNA be in big trouble because this is a problem that is going to require creative thinking outside any problem that That had faced the American people. And it's GonNa require us to think about the economy in two different stages one is. What is the Post Lockdown Pre Vaccine Colona virus economy? Going to look like and it's GonNa be one but we have to shift workers to contract tracing we're going to have to ramp up testing teach people how to be back if they've gotta be a completely different economy and then we have to think of how to transition the economy from that economy into a post vaccine economy which is an attempt to really truly normalized for world. And there's no I know ideology belongs in any of that discussion. Because if you don't increase the size of the federal government or state government or any government you can't get from the please vaccine pays to the Po- sexy is this Neil Miller real quick and I mean like thirty seconds. Neela it is fundamentally a discussion once again of the role of government in this economy. Right government right now. Is the prime the pump right? We know that things are going to get worse before they get that. We just started the social containment in late March or seeing the effects of that head Americans now but eventually it will get better because we're also seeing progress in testing and innovations in vaccines and treatment. It's a hard road road till then but look what already. The American people have gotten shut down an economy voluntarily to attack head on health crisis that was projected a few short weeks ago to be much worse than it is already turning out to be so in that sense. There is hope that we have enough ingenuity among us all to combat this crisis and to get through it together

Congress China Federal Reserve Small Business Administration United States Neil Miller World Bank International Monetary Fund Twenty Twenty American Government Treasury Senate Bank Powell Washington PO
As the PPP runs out of money, businesses left out of the initial bill want in

WSJ What's News

03:20 min | 1 year ago

As the PPP runs out of money, businesses left out of the initial bill want in

"The federal government's three hundred fifty billion dollar small business loan program is out of money and Democrats and Republicans are still wrangling over how to replenish the fund and what conditions to attached to the financial aid up until now businesses with five hundred employees or fewer have been eligible for the loans. Big Restaurant and hotel chains got an exemption. They can apply for money. Regardless of how many people they employ but many other franchises like commercial cleaners and home repair firms. Say They haven't been eligible because of the way their franchises are structured or operate. And they want in for the next round our national politics reporter Julia. Wits explains so the franchises that are most impacted have sort of technical issues with the way that they're structured one big segment of the franchise industry that's affected is what's called tiered franchising and that's when you have sort of a headquarters that sells franchise rights to regional supervisors and then those supervisors in turn sell local franchises so it's a three-tiered or more system and the SBA has been sort of a very careful about which of those types of tiered franchises can be listed on its directory for loans that has impacted a huge number of commercial cleaning services which is a really interesting sort of tension here because janitors of course are in essential worker categories. So you've got people going to work Often in fairly dangerous situations cleaning healthcare facilities nursing homes emergency responder areas and yet at the same time their are seeing a huge hit to revenue because all of the rest of the types of businesses that they normally clean have suspended accounts. Because everyone you know for the most part is ordered to stay at home So that affects more than one hundred thousand janitors out there across the country. According to the franchise owners that I've talked with as lawmakers work out the details to refund the program. These franchises hope they won't be left out franchise owners are working closely with the International Franchise Association. Which is sort of the overall lobbying group in Washington for different franchise owners? And what they're arguing is. Obviously we'd we'd all as small business owners like to see more money for this program but while you're at it congress can you please insert some cleanup language to indicate to the SBA that you know? Hey we don't WanNa leave struggling franchises across the country out this time but at the same time. I just want to emphasize this is something that the SBA could fix on its own. They could just simply issue new guidance. That EXPANDS THE SET OF FRANCHISES. That are eligible for stimulus money. And so as all of these franchise owners are lobbying Congress. They're also free writing letter after letter to Treasury Secretary Mnuchin and to the small business administration saying please. Could you consider this technical fix? And so far. They haven't had you know their their message is being received. There's no further action on it from

SBA International Franchise Associ Big Restaurant Reporter Congress Julia Washington Mnuchin
Stimulus program for small business nearly depleted as Congress still negotiating a deal

Pacifica Evening News

01:35 min | 1 year ago

Stimulus program for small business nearly depleted as Congress still negotiating a deal

"With the key coronavirus rescue fund nearly exhausted negotiations are accelerating in Washington over president Donald trump's two hundred fifty billion dollar emergency request to help smaller employers across the country keep workers on their payroll Sam Senate minority leader Chuck Schumer and treasury secretary Steven Mnuchin spoke this morning about legislation to shore up a paycheck subsidy program it's nearly reached is three hundred forty nine billion dollar lending limit house and Senate aides were set to meet with treasury officials later in the day reaching a deal won't be easy the capital's largely shattered requiring consensus from all sides for any legislation to pass the I just laid of environment however gives Democrats considerable info influence even if their funding requests from hospitals and state and local governments may have to be scaled back significantly or dropped at least for now Democrats blocked the fast track bid to pass the funding last week Republicans in turn stymied their efforts for additional funding for other priorities at issue is that three hundred fifty billion dollar paycheck protection program that's the centerpiece of last month's two point trillion two point two trillion dollars rescue still the programs quickly running dry after being open for only a matter of

Washington Donald Trump Chuck Schumer Steven Mnuchin Senate President Trump
Coronavirus death toll surpasses 19,000 in the US

Mark Levin

00:55 sec | 1 year ago

Coronavirus death toll surpasses 19,000 in the US

"The global death toll from the corona virus has now surpassed one hundred three thousand in the U. S. almost nineteen thousand people have died more than half of those deaths are clustered in the three state metro area around New York City public health authorities in California say the coronavirus curve there is flattening governor Gavin Newsom says the state is turning a corner to trip over ourselves and see the kind of spike that were seen around the rest of the world what more evidence do we need them to see what happened in Singapore let's see what's happened in Hong Kong in Wuhan province and elsewhere where we're seen people that were starting to come back out now are being pulled back in a so we're the beneficiaries of some of those facts and some of those examples the trump administration and congressional leaders from both parties are now negotiating a new economic rescue package the legislation to replenish the three hundred fifty billion dollar paycheck protection

California Gavin Newsom Singapore Hong Kong New York City Wuhan
The U.S. Program to Save Businesses Is Off to a Rough Start

Planet Money

00:52 sec | 1 year ago

The U.S. Program to Save Businesses Is Off to a Rough Start

"Over this past week. Millions of business owners have been grabbing at a life preserver. A brand new government program with nearly three hundred fifty billion dollars to rescue small businesses. The problem is this program meant to save. The American economy was thrown together in a week. It is untested and so far has been a mess. Congress has decided apparently that it is better to be fast than to make it perfect and everyone is trying to grab their share of this free pot of money at the exact same time today on the show. Can the government come up with a system to get massive amounts of money to the right people before businesses closed off her workers? We have reduced ours. We haven't done any layoffs yet. So would you mind if we keep checking in with you during this process? Let's check in when I go down pandemic we're GONNA get through

Congress
Record 16.8 million have sought US jobless aid since virus

AP News Radio

00:47 sec | 1 year ago

Record 16.8 million have sought US jobless aid since virus

"The job market is quickly unraveling as the corona virus pandemic continues hammering the economy in just the past three weeks roughly one in ten American workers have lost their jobs six point six million people filed for jobless benefits last week for a total of sixteen point six in three weeks it's the biggest and fastest ring of job losses going back to nineteen forty eight and economists say more than twenty million people may lose jobs this month as revenue starved businesses continue layoffs many small businesses trying to stay alive say they're still waiting to see the money promised by the federal government's three hundred fifty billion dollar relief program aid designed in part to help them keep workers on the payroll Sager met Ghani Washington

Sager Ghani Washington
NYC virus deaths exceed 4,000, topping toll for 9/11 attacks

AP News Radio

00:50 sec | 1 year ago

NYC virus deaths exceed 4,000, topping toll for 9/11 attacks

"President trump is pushing for billions more in aid to America's small businesses setting up a new showdown in Congress capitol hill's been working on a fourth coronavirus rescue package after the last one put three hundred fifty billion dollars toward helping small businesses but the president's tossed in a ranch I'll be asking Congress to provide an additional two hundred fifty billion dollars with his administration pushing for votes within forty eight hours that puts a fragile political truce in jeopardy with the Democrats saying they were not consulted the programs aimed at helping small businesses get loans to stay open and keep workers on the payroll but they're a big big problem since it rolled out Friday with some businesses saying they've been unable to get money though the president says it's been a big success Sager make army Washington

Donald Trump America Congress Capitol Hill President Trump Congress Sager Washington
McConnell sets Senate showdown on virus aid payroll rescue

AP News Radio

00:45 sec | 1 year ago

McConnell sets Senate showdown on virus aid payroll rescue

"Senate GOP chief Mitch McConnell says he's aiming to get more money for small businesses this week in a rare move McConnell says he'll try to quickly pass extra funding on top of the three hundred fifty billion dollars already approved for small businesses warning of that money may soon run dry McConnell's push to get it done this week though sets up a showdown the capital's nearly abandoned trying to jam through extra money without factoring in elements Democrats want could threaten the fragile political peace his move jumps ahead of what's expected to be a fourth coronavirus relief bill house speaker Nancy Pelosi wants war small business say that's part of that broader package which could top at least one trillion dollars Sager make ani Washington

Mitch Mcconnell Nancy Pelosi Ani Washington Senate GOP
Businesses ready for Paycheck Protection Program, but banks aren't

Marketplace

01:36 min | 1 year ago

Businesses ready for Paycheck Protection Program, but banks aren't

"Today is day one of small businesses being able to apply for a slice of the three hundred fifty billion dollars in that rescue package set aside for them its loans paycheck protection program loans to be precise that businesses have to apply to banks to get sound straight ahead isn't market place Justin how is been checking in with some small businesses today when I called us when they smoke this morning he had been working the phones since eight AM trying to figure out how to get one of these loans I did not get any sleep last night Desjardins a cocktail bar in lower Manhattan told short stories which is close right now when I called he said the loan situation was in full chaos mode thanks either hadn't opened applications or they hadn't even figured out the details of the loan program yet it's kind of a race defined which institution will actually do this and to make sure you're in line in Boston John Resnick was also calling banks he was a brand marketing company well Resnick did manage to reach someone at his local credit union she basically indicated that you know they're not able to do anything at this point and have just put us in a queue of accounts to call back by our deadline Resnick still hadn't heard anything thanks themselves have had trouble getting in touch with the small business administration which is guaranteeing the loan program Chris Duncan is a senior loan officer at lasalle State Bank an Illinois my boss who is the president of the bank has been on hold with the SBA hotline I bet you it's about three and a half hours now earlier today the treasury secretary Steven Mnuchin said nearly two billion dollars worth of loans had already been

Justin Manhattan John Resnick Chris Duncan Senior Loan Officer Lasalle State Bank Illinois President Trump Steven Mnuchin Desjardins Boston SBA
Millions to seek Paycheck Protection Program loans today

Mike Gallagher

00:38 sec | 1 year ago

Millions to seek Paycheck Protection Program loans today

"The trump administration says corona virus relief payments will start going out to Americans in just two weeks and while today the federal government is launching an emergency landing program struggling small businesses affected by the pandemic it's called the paycheck protection program and president trump says it's designed to keep employees on the payroll and small companies open for business these loans are up to one hundred percent forgivable as long as employers keep paying their workers the three hundred fifty billion dollar lending program is expected to receive a crush of applications from businesses following a record six point six million unemployment claims

Federal Government President Trump Donald Trump
'We need help': Economic, health crises grow as cases top 1M

AP News Radio

00:42 sec | 1 year ago

'We need help': Economic, health crises grow as cases top 1M

"Businesses can start applying for a chunk of the three hundred fifty billion dollars that passed as part of the virus economic stimulus package our most important objective is to allow small businesses to keep their employees on board and keep their business is viable small business administration chief Jovita Carranza even as critics said mom and pop shops the program is aimed at helping could get squeezed out of money by bigger businesses since the program allows operators of big name hotel and restaurant chains and franchises to also apply experts expect the money to go quickly but the administration says it will ask Congress for more if that happens Sager met Ghani Washington

Jovita Carranza Congress Ghani Washington Sager
'We need help': Economic, health crises grow as cases top 1M

AP News Radio

00:42 sec | 1 year ago

'We need help': Economic, health crises grow as cases top 1M

"Businesses can start applying for a chunk of the three hundred fifty billion dollars that passed as part of the virus economic stimulus package our most important objective is to allow small businesses to keep their employees on board and keep their business is viable small business administration chief Jovita Carranza even as critics said mom and pop shops the program is aimed at helping could get squeezed out of money by bigger businesses since the program allows operators of big name hotel and restaurant chains and franchises to also apply experts expect the money to go quickly but the administration says it will ask Congress for more if that happens Sager met Ghani Washington

Jovita Carranza Congress Ghani Washington Sager
"three hundred fifty billion dollar" Discussed on Invested: The Rule #1 Podcast

Invested: The Rule #1 Podcast

04:28 min | 3 years ago

"three hundred fifty billion dollar" Discussed on Invested: The Rule #1 Podcast

"Going on but i gotta say you know with all the stuff about china in the news right now you know the trump administration is very adamant about removing china's ability to steal technology from us which they've been doing aggressively for twenty five years to improve their ability to compete in the world and america naturally has basically passed off its ability to be a manufacturing power steel is made cheaper everywhere manufacturing of things as we all know is strongly done around the world not so much in the us we've lost our textile industry so your soccer made and vietnam or china and what that means is that our ability to compete is no longer on the basis of manufacturing well so we're competing on the basis of technological development that's where we lead the world and if china can steal everything then patents mean nothing and all we have to do is invent you know than somebody in vincent next iphone boom it's in china instantly and they back engine near it and or steal the pay somebody to give them the plants and so trump trying to put an end to that by forcing china to respect the world trade organization laws in order to be trading partner and it's going to cost them pain he's putting on one tariff after another china's going to respond and trump thinks he's going to win this tariff game because we have a three hundred fifty billion dollar negative flow of money into china and they have a one hundred fifty billion negative of money into us so we're three hundred and fifty versus one hundred fifty and our economies much larger and and more robust trump thinks he's going to win there's reason to think he will but meanwhile this could throw us off the edge in terms of a recession so right in the middle of clear blue sky we could get hit by lightning and of course there's no better time to do it if you're gonna do it you gotta do it when it's sunshine in your country's economy because it's gonna be a squeeze right we're gonna see the price of things go up in america and you know what i'm kind of okay with that kind of okay with the price of things going up and i know that that probably sounds a little bit crass guy with money so i can handle the price of things going up and people don't have money it's going to be a bigger strain when walmart starts raising the price of your socks but here's here's the point is that when the price of things goes up american manufacturers become more competitive and some of these these these industries like steel and so on are are important to have in the country and those are american workers that no longer working and so one of his campaign pledges was to try to get more jobs into the midwest which has been decimated by global trade and we wanna see that happen we wanna see americans with more money because americans with more money will spend money they'll consume more and that means more jobs for everybody so there's a potential virtual sort of a virtuous cycle that may come out of increase in the price of chinese goods now the flip side of that is the the flip side is that they're going to make american goods less competitive and that means the loss of jobs in some industries that means farmers are gonna get squeezed and you're going to see some screaming going on out of the midwest politicians if these crops aren't aren't sold right so it's not going to be clean and it's not going to be pretty and we're heading into it and i don't think trump's going to back off and as a result this could be the brick on the camel's back that jim rogers was expecting what happened and if that happens absolutely we could get tossed into a big recession and absolutely when that happens the stock market will respond by basically coming down aggressively and that means down twenty five thirty five forty five percent and that's our opportunity that's what morin butlers talking about that's our opportunity wait when was he talking about that in the last two meetings in berkshire hathaway buff it was talking about having a lot of cash and.

china twenty five thirty five forty three hundred fifty billion do twenty five years
"three hundred fifty billion dollar" Discussed on Mac OS Ken

Mac OS Ken

02:32 min | 3 years ago

"three hundred fifty billion dollar" Discussed on Mac OS Ken

"In research and development on ways you can diminish the effects of your company's toxic supply chain that stretches from the dangerous minds enough rakha to the house ardous solid waste disposal when users discard them many serious illnesses fatalities and injuries associated with manufacturing your products can be prevented three with your reported reflective ben you can make the case for reducing some of the collateral damage from the excessive iphone use by youngsters that comes with a sudden terry life of obesity now at risk laden epidemic levels apple could invest in needed neighborhood recreational facilities all over the country for of course you could always cut your prices for consumers in the nineteen sixties and seventies such profit margins would have been an antitrust signal of possible monopolistic practices or market collusion and five then there are the conventional applications of a cashrich company to consider productive new investments raising employee salaries and pensions improving hiring practices and workforce training and consumer services quoting another part of nader's note as larry fink chairman of the giant black rock investment firm wrote in his february twenty eighteen letter to c e o's to prosper overtime every company must not only deliver financial performance but also show how it makes a positive contribution to society companies must benefit all of their stakeholders including shareholders employees customers and the communities in which they operate now we can go piece by piece over the things nater missed in his missive nine to five points out that earlier this year apple announced a three hundred fifty billion dollar investment in the us konami appalachians tooted recycling initiatives the companies working to green the supply chain the company is running on renewable energy and the company is working to increase the availability of tech education from grade school through the college level to his credit nater does call out the federal government for the tax bill passed last year allowing apple and countless other companies not mentioned in the letter to bring money back into the states at significantly lower tax rates he refers to that as an unconscionable thing for the government to do while organizations like the center for disease control the world health organization the environmental protection agency and the internal revenue service continued to operate with what he refers to as budget and adequacy.

apple nader chairman us federal government terry larry fink three hundred fifty billion do
"three hundred fifty billion dollar" Discussed on KBNP AM 1410

KBNP AM 1410

02:02 min | 3 years ago

"three hundred fifty billion dollar" Discussed on KBNP AM 1410

"John tucker backed up bloomberg markets you're listening to bloomberg markets with pimm fox and lisa abramowicz on bloomberg radio the managed futures climbed have been blamed for a lot of recent volatility this is about a three hundred fifty billion dollar acid class according to barkley hedge and according to morningstar data on average mutual funds that are managed futures have focused lost collectively on average six point four percent in the past month here to talk about this sector in wide has performed so poorly during this latest market volatility as typhoon and he is senior analyst at morningstar research services and joins us from chicago type in thank you so much for being with us i wanted just start with just describing quickly what is a managed futures fi and add why has it performed so poorly it during this latest market route thanks for having me so a dramatic current followers uh dominate the madness future strategy um and these people basically an in a in simple terms by on trying to us and to sell into the weakness of the market goes high around higher they will buy more of it um and uh d uh determined following uh you know the conflict on halting in its inherent returns is rooted in time serious momentum research and and some of some of the players in this and if market uh they have existed since since 1970s um so they they uh they trade for active this fixed income equities commodities and currency and uh they tried to take advantage of sustain trends in these markets why they've been so popular recently because if i look at morningstar data on average the funds you track have lost about two percent annualized over the past three years right so people look editor in enough it's time.

senior analyst morningstar research services editor John tucker bloomberg lisa abramowicz barkley morningstar chicago three hundred fifty billion do four percent three years two percent
"three hundred fifty billion dollar" Discussed on WTVN

WTVN

01:40 min | 3 years ago

"three hundred fifty billion dollar" Discussed on WTVN

"Something like three hundred fifty billion dollars over the next five years building new plants inside of america the ford plant building trucks is going to move from mexico to wisconsin so number one the democrats want to distract from trump's accompli accomplishments in his first year number two they want the stall economic growth latest numbers the economy likely according jamie diamond is going to grow four percent this year which is the fastest pace in the last 12 years some believable what he's doing so that they number one they don't want trump to get credit for the gray his great achievements number two they want to stall american economic growth democrats want to do this plus if you been watching sean hannity released a memo it appears quite clear that there is a fourpage memo containing names in evidence that obama used fiso warren's to spy on the trump campaign and the trump transition that's according to many republicans so they want to distract attention from that and they're also valuing illegals over legal you and i assume our legal so the democrats are playing a dangerous game with the american economy we'll see what happens tomorrow morning when the market opens about nine thirty a m eastern time i predict the markets not going to go down much at all because the market's gonna price in the idea that chucky schumer and dickey german are going to collapse and dicky germany the durban is a thoroughly despicable human being i kept a little file on dick turban over the years as some republicans pointed out durbin as a record of unreliability when snitching on white house meetings.

wisconsin mexico ford white house trump sean hannity time the market durban germany chucky schumer price little obama america dick turban jamie diamond
"three hundred fifty billion dollar" Discussed on WLOB

WLOB

02:13 min | 3 years ago

"three hundred fifty billion dollar" Discussed on WLOB

"Drugs from mexico now rated the number one most dangerous country in the world if there is no wall he said there is no deal an unprecedented because there are such great things happening you heard the news probably apple is going to add twenty thousand jobs pay thirty eight billion dollars as part of a three hundred fifty billion dollar direct contribution to the american economy tim cooke yesterday on abc forced to admit and you could tell it was it was a it was a a beating for him but he had to admit that president trump's tax reform is yielding terrific results for the united states without these policy changes would you be able to announce today the creation of twenty thousand jobs no they're clearly let me be clear bearup there are large per to this the result of the tax reform and there's large parts of this that we would have done in in any situation so it sounds like president trump's tax bill has been a huge windfall for apple what we to there to reports of tax bill right there's a corporate peace in an individual case i do believe the corporate tax side will will result in job creation and faster growing economy job creation in the faster growing economy all tim cooke was mission was a red maga hat he could have put on a red hat in you know said make america great again because that seems to be what's happening so we're all we we gotta deal with this your legal immigration problem yesterday incidentally the dow did you see it closed at over twenty six thousand for the first time day before yesterday it opened at twenty six thousand trunk critics were quick to point out well yeah but it didn't closed at twenty six thousand okay yeah well that was tuesday on wednesday it closed at over twenty six thousand first time ever first time f i have a a my my bank account stuff is on my phone i have an app as many banks offer now and i realize all i think i i think i.

mexico apple trump united states america bank account tim cooke president corporate tax three hundred fifty billion do thirty eight billion dollars
"three hundred fifty billion dollar" Discussed on KBOI 670AM

KBOI 670AM

01:32 min | 3 years ago

"three hundred fifty billion dollar" Discussed on KBOI 670AM

"Apple inc has the largest offshore cash reserves of any company in america over two hundred fifty billion dollars sitting in other countries other than ours but they're going to bring it all back on wednesday apple said it's all coming back and they're going to pay taxes on it thirty eight billion dollars in taxes that the government otherwise would not have because of a tax cut that's a fifteen percent one time repatriation rate they also said that over the next five years they're going to spend three hundred fifty billion dollars to create twenty thousand new jobs right here and they're going to build on the campus new data centers and manufacturing plants that all means a lot of construction jobs will also be created now why is this happening well you already know the answer its trump's tax cuts now remember for years liberal democrats complained that only berger a flipper jobs were being created in america obama promised to be the steward of the decline he said that these manufacturing jobs and high skilled positions will nerver comember of what trump links but he can do and remember something else every single liberal democrat in congress voted against all of this they voted against the hundreds of thousands of highpaying jobs coming back they voted against companies giving raises in bonuses they voted against eu taking home bigger paychecks because your taxes have been lowered the democrats were all against it now don't forget this remember it at least until november rush limbaugh this morning at ten six seventy.

Apple inc america obama eu limbaugh berger congress three hundred fifty billion do two hundred fifty billion doll thirty eight billion dollars fifteen percent five years
"three hundred fifty billion dollar" Discussed on The CultCast - Cult of Mac

The CultCast - Cult of Mac

01:57 min | 3 years ago

"three hundred fifty billion dollar" Discussed on The CultCast - Cult of Mac

"Well it probably so they can't sell them off right away are they are the and it probably has the best over appeared rhyme by israel years or something yeah i was reading about this one in the a as kosh why not cash a cash by this i kind of think that's nicer because it's kinda like give i dunno in a way like yeah i could use cash right now but like stock it's like we're giving you this bonus and it will pay out over longer over it'll be worth more over time if he wa if this donkeys go now which you probably will do i mean especially now that apple got some more billions in the bank to make itself bigger and by some other stuff apple stock as a right this moment as one hundred seventy nine dollars a share 100 in seventy nine dollars a share and i think there are some other benefits of giving them stock edel have payroll tax on it or anything well let me just caveat what i'm about to say with acts acts x x her her podcast get guard let me throw out my a completely uninformed opinion you don't have to pay payroll tax and also it goes up value and then also you have to pay i know that the employees receiving the stock if they let it vest over a year or two they have to pay a much lower rate on that money than they would have apple just gave them twenty five hundred bucks they'd have to pay their normal income tax rate on that and this is considered money from stock so capital gain as to exactly as just tag battling so and i guess this is this is pretty common now i think it's also worth noting that this is something that apple has actually done before i think they did this exact same thing in two thousand sixteen so this may not be as a result of of the at a tax overhaul and tim cooke said the in an interview that like some of these things like the three hundred fifty billion dollar theing and a couple of others projects tied up into that aren't necessarily directly related to the tax.

apple edel tim cooke israel income tax three hundred fifty billion do one hundred seventy nine dolla seventy nine dollars
"three hundred fifty billion dollar" Discussed on KOIL

KOIL

02:02 min | 3 years ago

"three hundred fifty billion dollar" Discussed on KOIL

"Off tax cuts tax reform that promote democrats now yesterday his with three hundred fifty billion dollar investment now they're also giving thousands of dollars to their employees that's happening all over the country and i'm really happy people are really doing well they're doing better than they have in years tend to be honest the tax caselli if they work that work had much bigger and much faster than we ever thought possible tokyo or forestry ritsuko and said he was struck with what trump brick is a great guy i think he's going to do really well he's a great guy who loves this area loves his country he just met me at the plane he's some place but they actually this is about tax cuts today this is about our economic reform but rick is a great guy and special he's a special person he wasn't miss one is by twenty point right can he do as well as you out so i wanna might just said to him i hope you're going to do as well but we're here we're going to be we're going to be helping me i'll be back four rick and we're gonna fill up a stadium and we're going to do something really special for rick i look forward to snore sean uh we'll see what happens this narrow visit shutdown again i really believe the democrats wanted to shut down to get off the subject of the tax cuts because it works so well nobody thought including the democrats it could work this well they've been so good that i think the democrats would like to see is shut down in order to get off that subject that is not a good subject for them the tech's gas because of the way they were i that was the president outside of pittsburgh not that long ago and he went through a litany of all the success that he is hat and just a short period of time and you know you got to a two point two million new jobs chrysler gut coming from mexico to michigan the massive tax cuts the end of burdensome regulation twenty regulations wiped away for every new one he got relief for small businesses and families and.

president pittsburgh mexico tokyo rick i shut down chrysler michigan three hundred fifty billion do
"three hundred fifty billion dollar" Discussed on 1410 WDOV

1410 WDOV

02:08 min | 3 years ago

"three hundred fifty billion dollar" Discussed on 1410 WDOV

"The scenes information on threegame dudes span more bold inspired solutions for america off tax cuts and tax reform says that promote meanwhile from the democrats now yesterday his with apple three hundred fifty billion dollar investment now they're also giving thousands of dollars to their employees that's happening all over the country hand i'm really happy people are really doing well they're doing better than they have in years and to be honest the tax cuts now leave they worked there working much bigger and much faster than we ever thought possible we'll talk to you he was not hold poor trump 42 rexecode said he was dropped with what trump brick is a great guy i think he's going to do really well he's a great guy who loves this area loves this country he just met me at the plane here's some someplace but they actually this is about tax cuts today is this about our economic reform but rick is a great guy and special he's a special person he won his you've won this by twenty point right can he do as well as you i hope so i wanna might just said to him i hope you're going to do as well but we're here we're going to be we're going to be helping nabi backs four rick and we're going to fill up the stadium and we're going to do something really special for rick i look forward to it sean uh we'll see what happens no of this is shutdown again i really believe the democrats wanted to shut down to get off the subject of the tax cuts because they've works so well nobody thought including the democrat ticket work this well they've been so good that i think the democrats would like to see is shut down in order to get off that subject that is not a good subject for them the tax guess because of the way they were i that was the president outside of pittsburgh not that long ago and he went through a litany of all the success that he is hat and just a short period of time and in all you got to in a two point two million new jobs chrysler coming from mexico to michigan the massive tax cuts the end of burdensome regulation twenty regulations wiped away for every new one he got relief for small businesses and families and.

apple president pittsburgh mexico rick i shut down chrysler michigan three hundred fifty billion do
"three hundred fifty billion dollar" Discussed on KHVH 830AM

KHVH 830AM

01:57 min | 3 years ago

"three hundred fifty billion dollar" Discussed on KHVH 830AM

"Reform three hundred fifty billion dollars invested you talk about a stimulus this is half of obama's porculus bill and this was real three hundred and fifty billion dollars in us investment twenty thousand new jobs because of tax reform not a single democrat voted for it apple has committed to direct glee investing half as much money as obama's illfated porculus bill they're going to pay thirty eight billion dollars in taxes they otherwise wouldn't have paid happily every democrat in congress voted against what made this possible every democrat in congress has voted against what has triggered millions of dollars of bonuses for american people every democrat in congress has voted against the individual pursuit of happiness every democrat in congress preferred the government's greed over the generosity hey of private bad it's individuals six twenty five in hundred the companies dollars reserve they own stock and units operate essentially but under they're extending obama stock options what grew so employees food twenty five stamp hundred dollars usage in addition to health other benefits care costs and the other were otherwise health overall company care expansion insurance costs energy costs and look what's happened what in addition to that became here we are with lowering the corporate tax rate in this one time repatriation rape five percent to fifteen percent in what's the result the government is getting thirty eight billion dollars it didn't have at a 35 percent tax rate now cnn and msnbc in every other liberal economist out there tell us that cutting taxes will never raise money for the government cutting taxes those who do that cutting taxes costs the government money they say cutting taxes is irresponsible it's trickle down it doesn't work will right here millennials two hundred and fifty billion dollars apple had parked overseas helping nobody but apple.

rape corporate tax obama glee apple cnn congress msnbc insurance costs people time energy costs millions
"three hundred fifty billion dollar" Discussed on KVNT Valley News Talk

KVNT Valley News Talk

02:19 min | 3 years ago

"three hundred fifty billion dollar" Discussed on KVNT Valley News Talk

"To help stop the massive inflow of drugs from mexico now rated the number one most dangerous country in the world if there is no wall he said there is no deal and i'm frustrated because there are such great things happening you heard the news probably apple is going to add twenty thousand jobs pay thirty eight billion dollars as part of a three hundred fifty billion dollar direct contribution to the american economy tim cooke yesterday on abc forced to admit and you could tell it was it was a it was a a beating for him but he had to admit that president trump's tax reform is yielding terrific results for the united state which out these policy changes would you be able to announce today the creation of twenty thousand us jobs no they're clearly let me be clear bearup there are large parts of this the result of the tax reform and there is large parts of ghosts that we would have done in in any situation so it's it of like president trump's tax bill has been a huge windfall for apple what we to there to ports of tax bill right there's a corporate peace in an individual case i do believe the corporate tax side will will result in job creation and faster growing economy job creation and the faster growing economy all tim cooke was mission was a red maga hat he could have put on a red hat in you know should make america great again because that seems to be what's happening so we're all we gotta deal with this illegal immigration problem yesterday incidently the dow did you see it closed at over twenty six thousand for the first time day before yesterday it opened to twenty six thousand trump critics were quick to point out well yeah but it didn't closer twenty six thousand okay yeah well that was tuesday on wednesday it closed at over twenty six thousand first time ever first time ever i have a a my my bank account stuff his on my phone i have an app as many banks offer now and i realize 'oh i think i i think i can see my performance of my.

mexico apple trump bank account tim cooke president corporate tax america three hundred fifty billion do thirty eight billion dollars
"three hundred fifty billion dollar" Discussed on KARN 102.9

KARN 102.9

01:46 min | 3 years ago

"three hundred fifty billion dollar" Discussed on KARN 102.9

"The softball he didn't lay end donald trump and he very easily could have reason is fox this news is undeniable this is going to grow companies it's going to grow employment it's going to grow the economy and there's not a single democrat that voted for this not a single democrat in the country that voted for three hundred fifty billion dollar us investment twenty thousand new jobs thanks to tax reform three hundred and fifty billion dollars invested you talk about a stimulus this is half of obama's porculus bill and this was real three hundred and fifty billion dollars in us investment twenty thousand new jobs because of tax reform not a single democrat voted for it apple has committed to direct glee investing half as much money as obama's illfated porculus bill they are going to pay thirty eight billion dollars in taxes they otherwise wouldn't have paid happily every democrat in congress voted against what made this possible every democrat in congress has voted against what has triggered millions of dollars of bonuses for american people every democrat in congress has voted against the individual pursuit of happiness every democrat in congress preferred the government's greed over the generosity of private individuals in the companies they own and operate under obama what grew food stamp usage health care costs health care insurance costs.

donald trump obama congress apple health care insurance fifty billion dollars three hundred fifty billion do thirty eight billion dollars
"three hundred fifty billion dollar" Discussed on KBOI 670AM

KBOI 670AM

01:54 min | 3 years ago

"three hundred fifty billion dollar" Discussed on KBOI 670AM

"To adjust hammered donald trump and that was another with it he didn't take it he didn't swing after the softball he didn't lay and donald trump and he very easily could have reason is fox this news is undeniable this is going to grow companies it's going to grow employment it's going to grow the economy and there's not a single democrat that voted for this not a single democrat in the country that voted for three hundred fifty billion dollar us investment twenty thousand new jobs thanks to tax reform three hundred fifty billion dollars invested you talk about a stimulus this is half of obama's porculus bill in this one is real three hundred and fifty billion dollars in us investment twenty thousand new jobs because of tax reform not a single democrat voted for it apple has committed to direct glee investing half as much money as obama's illfated porculus bill they're going to pay thirty eight billion dollars in taxes they otherwise wouldn't have paid happily every democrat in congress voted against what made this possible every democrat in congress has voted against what has triggered millions of dollars of bonuses for american people every democrat in congress has voted against the individual pursuit of happiness every democrat in congress preferred the government's greed over the generosity of private individuals in the companies they own and operate under obama what grew food stamp usage health care costs health care insurance costs.

donald trump obama congress apple health care insurance three hundred fifty billion do three hundred fifty billion do thirty eight billion dollars fifty billion dollars
"three hundred fifty billion dollar" Discussed on The Young Turks

The Young Turks

02:08 min | 3 years ago

"three hundred fifty billion dollar" Discussed on The Young Turks

"Mm this is all stuff that has been impacted by climate change right so uh the extreme weather conditions yes storms have always happened but climate change has exacerbated the situation on crops are suffering and then on the west coast you also have extreme drought that again is being exacerbated by climate change and so the wildfires have gotten out of control the extreme weather conditions have gotten out of control and we as us tax payers are already paying the price as a result now that figure that we just looked at three hundred fifty billion dollars does not include the recent storms that occur the storm's incurred in texas florida and puerto rico were just talking about the last decade of extreme weather conditions and how much is it's costing the us government yeah and raging wildfires from this year also not in this case right and some of the hardest hit places or the red states southeast is at increased risk of coastal property damage and could be swamped by storm surges of sea level rises as your who points out midwest's agree planes are particular susceptible to decrease crop yields but keep voting for republicans we don't believe in climate change that's great and now but the main point i want to make use uh the fossil fuel companies sell product and then they keep all the prophets well it makes sense nike make shoes they keep all the proper sets that is logical beef with that but there is a cost to what they do and they don't want to pay that cost now wait a minute i signed capitalism that is privatizing the gains a socializing losses so part of the loss and the costs that are involved here are the ones that world pay so if you're us taxpayers doesn't matter what your politics are you pay a three hundred fifty billion dollars that's a nonpartisan look at what it costs us it is tracks the storms the severity of the storms the fires droughts all that stuff so you'll have to pay three hundred fifty billion dollars out of your parking so i don't care what your politics is i just wanna ask you that exxon mobil send you a check.

climate change texas florida puerto rico us exxon mobil three hundred fifty billion do
"three hundred fifty billion dollar" Discussed on WGTK

WGTK

01:51 min | 4 years ago

"three hundred fifty billion dollar" Discussed on WGTK

"To let that go on an unfair way and naturally with the president has focused and has the president changed his view of of house china deals with snc campaign because it seemed as though the rhetoric modulated at some point he wasn't as direct in tough with them and some of the language leaves who i certainly see no actually no modulation the president is very very focus on this were losing a lot of manufacturing jobs we should have more agricultural sales so there's a there's a very strong economic effect as i say at the end of the day at three hundred fifty billion dollar deficit year after year is without precedent in the history of the world so i've seen no evidence at all the president was very focused in very serious about it so dealing with china number one how do we fix it well i think you have to do a number of things first of all you have to holden to the to the rules of the wto julie stint they molly those rules and there are examples of of them subsidizing and end dumping and doing other things we would find me ah noneconomic the have to take on their industrial balls you one way or another for example they will come friday developing industry behind the closed market in china and win that when that industry is developed with with with subsidies and with projection they'll they'll let loose on the world so we've seen that is aluminum we've seen a lot of other products and the president is not prepared to let us the the reciprocal of what other people don't want if it's unfair the president's going to go after it so it's a series of things like that i think that are that has to be done is going to take time this building up for years and years and years she's been done and perhaps enjoy focused on how does trade in our relationship with russia and china you know particularly in the current security state of visiting with a.

president china russia snc holden wto three hundred fifty billion do
"three hundred fifty billion dollar" Discussed on WGTK

WGTK

02:26 min | 4 years ago

"three hundred fifty billion dollar" Discussed on WGTK

"Glad you're with us at the crossroads of the world the new york city's the home climb square which is the crossroads of the world we're not literally at the crossroads of the world well it's kevin mcallister radio hifi and ls i get caught in the weeds this week was made in america tour i went to washington dc at the invite of the white house as part of the larger contigency of some talk show hosts that went and on that first day i had the opportunity to sit down with a man who doesn't do very many interviews in fact i didn't realize this until we were completed with the interview for the day but he had not done a significant interview on the issue of trade in quite a few weeks and so reuters news service and others picked up this idea that the he had common he had given some insight on what he is dealing with and so i thought it would be great to let you hear what was newsworthy about this we talked about china we talked about trade policy we talked about the impact of not letting china cheat on a currency manipulation and trading guidelines and so i welcome them very warmly to the table where we had the microphone set up ambassador robert light haiser and i started it this way by saying thing thanks for being here to play 40 talking gay thank you let's talk about the biggest challenges you face as the trade referee for united states well i would say i would say the renegotiating agreements for example nafta and maroon also make some modifications in agreement with korea but nap is very vague one and also really there's the challenge which the president focuses on over three hundred fifty billion dollar annual trade deficit with with china xi which i don't believe is the result of economic forces is really the result of industrial walls these are those are the biggest things are a lot of other ones we talked about china manipulate the relationship there's no question that china has an industrial policy is designed to create jobs and wealth in china and and in many cases there there are things that are outside of the of the norm of the wto so they they do some things that are violation of wto thumbing just aren't coverage that they have an industrial policy they use government funds and govern activity and they.

china korea president wto new york kevin mcallister america washington reuters robert light three hundred fifty billion do
"three hundred fifty billion dollar" Discussed on 860AM The Answer

860AM The Answer

03:27 min | 4 years ago

"three hundred fifty billion dollar" Discussed on 860AM The Answer

"We going to restore our nation back to a sensible citizencentric governor it's time for populace with a purpose welcome to re imagine america with joyce cory choices of business will non politician and she offer pragmatic poces and post partisan solutions for the twentyfirst century your host from reimagined corey hello as a business woman i don't measure activity by measureless and result is what you and i should expect from our government i'm joyce accordion you're listening to re imagine america what did work didn't your government do for you this week well congratulations america we've created one million new jobs this year now i say congratulations america this is not an accomplishment of the trump administration this is an accomplishment of an american economy that is fueled by the optimism of the individual american in consumption as well as an creation of products so you guys get to applied yourselves that's a a big deal now it means we only need decree eight jess to get to about two point five percent gdp growth another twelve point eight million jobs so we need to congratulate president trump and his team for the three hundred fifty billion dollars deal they made with middle eastern partners during his recent trip yup now i don't know that i think armaments is the only way to make jobs but certainly right now it can be if those promises are fulfilled a shot in the arm toward that two point five percent gdp growth but that still short of what president trump is prom missing us three percent gdp growth and again i'm with mark sanford the congressman from south carolina former governor of that state who says that said invalid assumption and so does the cb l and so does any every other economist i know one someday when we have less active any perhaps well congress is taking its eight vacation this summer we can talk about why three percent gdp growth is so unrealistic but in the meantime there's been a river of leaks but not a word about the daily work of the senate or the house it's on things that really matter to you and me like tax reform or the bogeyman of law boogeyman this year health care so what's new in the news this week the paris climate change agreement is an american opportunity now lost i've been thinking about our european vacation this year but after president trump's.

america jess trump congressman south carolina congress senate the house joyce cory president mark sanford paris climate change three percent five percent three hundred fifty billion do