35 Burst results for "three percent"
Red-hot US housing market: January new home sales jump 4.3%
"New home sales figures for January show housing remains one of the strongest segments of the economy demand for new homes surged four point three percent in the U. S. this January according to the commerce department the annual adjusted rate nine hundred and twenty three thousand is stronger than economists were expecting sales of new homes are nineteen point three percent higher than they were last year at this time Robert Frank an economist with navy federal credit union says sales would've been higher if builders could build faster the median price of a new home sold in January was three hundred forty six thousand four hundred dollars persistent demand at low interest rates have pushed prices by percent higher from a year ago outpacing wage gains and the cost of labor and materials like lumber is also rising I'm Jennifer king
New Law Changes With Tom Black
"Hello and welcome to your retirement solution with tom. Black good morning tom. How're ya. I am doing great. It is a beautiful day with lots of opportunity absolutely happy new year by the way. This is our first recording. You and i in the in twenty twenty one. Yeah it's going to be Should be really interesting year. I we it has to be different. I don't know better but it has to be something has to change. I'm i'm really hoping for better and speaking of changes you're talking about that today a little bit. We're going to talk a little bit today about Proposed changes under the new administration and things that people ought to be thinking about nassir panicking about yet but just thinking about because of the lightning what we could see some changes dealing with the last couple of years all right and what kind of changes are we talking about specifically today. Well there's there's kind of a basset of multiple different ones. We've you may or may not have heard about the we're going to be seen some increases in taxes or some individuals and some of that depends on what happens with the so called trump tax break of twenty eighteen. One of the things have benefited everybody. That was included in there was a was the twelve percent tax bracket and that's been really beneficial to absolutely everybody who pays taxes and they're talking about on reversing those trump those tax bills. Which would mean that all of us. Potentially you know three percent more in taxes. Ghana still up on. These things are all in the air. But that's one of the first things we look at. We started talking about. How is this going to affect all of our clients in general or just individuals in general taxes. And that's the first thing that i was thinking about the other. Now that we know where georgia falls is that we could potentially be seeing other attached changes that can affect how you've been planning for your retirement or for the passing of your assets the next generation one of the ones that i am most interested in keeping an eye on for our clients is somewhat People either they've heard about it. They have no idea how this works. And it's called a step up in basis that you heard of this before i have but i don't quite understand all of it okay. So let's start with that with the basic idea. Let's say that Your parents bought calf dozen stocks in the sixties. And and they've held them ever since then. Well if your parents died in leave you those stocks you might be able you would be able to today. Turn around and sell those and pay no taxes on the gain you know. Maybe it's a million dollars with the gains okay. Yeah yeah yeah so i. If my parents were to sell them they'd have to pay yet. But if i if i inherit them then i don't that's correct. Well okay. that sounds good basis and you imagine people who are retired been retired for a while. who have some of these positions stock positions. If up well hail hold onto it. And if i die owning my kids will have to pay taxes on part of their narrates not a bad strategy. If you didn't need the money yeah problem now is all we're doing now is kicking the can down the road because if that does get refilled and that is really high on the list That can change. How you're going. You know how you plan on passing those assets so the kids. Oh yeah yeah. Yeah yeah and i was gonna say it seems to be almost a double edged sword there. Because if you're saying that they may change that and then if i in twenty years let's say i passed these stocks down to my kids and they have to pay taxes on them. We've we've already kind of seen the writing on the wall. That taxes are most likely going to be higher because we have to pay for all the debt that happened this last year with kobe. The relief and everything else in the trillions and trillions and trillions of dollars so that really changes the game not only does it bring those taxes back it. they'll probably higher. Don't you think absolutely. Oh boy i had this conversation with one of my clients In december and and in that situation they had About two million dollars in capital gains. And what was trying to get him. Understand was the taxes weren't going to get any cheaper and and we were better off to take the beating at which is approximately twenty four for them would have been about twenty four percent in taxes taxes any real by the stocks back but if pay taxes on it because it won't be cheaper in four years to pay the taxes mondo stocks if the gains continued to go. So it's it's a lot more complex than than just the the idea that you're right. It's going to get more experience so we know it is. It has to yeah not even last year. I mean we've been we've been spending money like drunken sailors for
Scientists establish freaky two-way communications with lucid dreamers
"Scientists have breached a whole new level of the dreamworld. They've managed to communicate with people while they're dreaming and not just the one way communication. You may have with someone who is sleep talking. But two way communication the awake scientists would ask these sleeping subjects questions and they were able to respond without waking up. These results were published last week in the journal. Current biology and already aired in a segment on pbs. And one thing giving this particular paper a lot of credence is that it's actually the work of four different teams from four different countries who initially conducted independent studies before finding out about each other and joining forces in total. They brought together thirty six volunteers across fifty seven experiments and trained people with varying amounts of success on lucid dreaming. That is dreaming where you're aware of dreaming. That's cool thing that some people train themselves to do either for fun or with various conditions. Some of the volunteers already had experience with lucid dreaming. But not all of them quoting vice. The researchers verified that participants had entered rim sleep by placing electrodes next to their eyes on their scalps and on their chins by measuring activities such as brainwaves eyeball movements. Sleep experts can determine if a person has entered this deep sleep states. Some of the participants were then asked to confirm that they were in a dream with a pre-arranged ocular response in which they moved. There is in a specific left. Right pattern these icicles. Along with facial contortions were used as a means of communication during the sleep sessions for instance the researchers asked a nineteen year old american participant to subtract six from eight while he was in a lucid dream and he correctly signaled the answer to with two movements from left to right and asked again. He repeated the correct answer. Roughly eighteen percent of the trials resulted in this level of clear and accurate communication from the dreamer. Seventeen percent produced indecipherable answers. Three percent ended with incorrect responses and sixty percent did not provoke a response at all and quotes and from gizmodo quote win. The volunteers were asked about their experiences. Some reported being able to remember the pre dream instructions. They had received an attempted to carry them out. Some also reported hearing the questions they got while in the dream although not always in the same ways and some reported hearing words that clearly felt like they were coming from outside their current reality while others said it felt like they were hearing them through radio or other form of communication within the dream but there are still times when people couldn't clearly recall what had happened. Were win the questions. They said they received in the dream. Didn't match the questions. They had actually gotten and quotes is also worth noting. It was a pretty small sample size. But one of the study's authors can polar points out that the fact that those results came from multiple different methods employed by multiple teams around the world indicates. It's not an isolated phenomenon calling this interactive dreaming polar says they're working on expanding in a few ways they want to be able to run the experiments in people's homes where subjects would be more comfortable and maybe using existing smartphone app that teaches people how to lucid dream. All the main aim of the research is simply understanding the mysteries of dreaming a bit more. They're also some potential practical applications. Blake helping people with breaking habits problem solving having therapeutic benefits if you want to dive deeper put a link to the pbs segment which touches on a few other dreams studies as well in the show notes.
Facebook to lift Australia news ban, pay media companies for content
"A bounceback from that whole australian law controversy from last week according to app annie. The australian broadcasting corporation's news app was briefly the most downloaded app on the australian app store after facebook's news ban announcement quoting the verge. Facebook's band dramatically shrunk the audience for some australian news outlet sending traffic down ninety three percent the day after the ban was put in place according to nieman lab but abc news responded by adding a banner to its homepage. That said missing our news on facebook. Get the latest news and live notifications with the abc news app since then. The app has risen from the high for hundreds to its current spot at number two whatever the reason readers heading directly to new sources over the social media sites that cannibalize them seems like a positive and other news organizations could potentially take advantage of the ban in similar ways. It's an unintended effect of facebook's hardline. Approach compared to its competitor. Google which struck a partnership deal with three of australia's largest media companies seven west media nine entertainment and news corp for its news showcase and
Your smartwatch could detect COVID
"Your apple watch or your fit bit or samsung galaxy. Watch or other wearable device and tracker could eventually signal whether you've been infected with covid nineteen or other illnesses such as the flu. Most of the research studies underway suggests that a few days before a person would test positive for the coronavirus their heart rate or activity level. Changes enough to suggest your about to do so. Now you probably know this most of our listeners. Probably know this but where will just the apple watch and samsung galaxy. Smartwatch fitbit and other devices already collect information such as heart oxygen data as well asleep and activity levels so researchers at mount sinai hospital in new york and at stanford university's healthcare innovation lab. And there's more places like the scripps research translation institute in la hoya california and in the universities like university of washington purdue are all at various stages of research looking into this and fitbit is actually also working with the department of defense. The department of veteran affairs at nasa on covid nineteen detection. So there's a lot of interest here but the findings aren't foolproof. Because could be false positives and things like that. But at stanford eighty one percent of the thirty two patients who became infected with covid nineteen had changes in heart rates. Time spent sleeping and daily steps that they've taken the researchers wrote in a publication. They put out in a journal called nature biomedical engineering now. Most of the covid nineteen patients there about sixty three percent had changes that could have led to early detection before the onset of symptoms. They found researcher. N- probably not ever going to be able to tell you definitively that you will develop covid nineteen based on the variations in your heartbeat. Or how much sleep you got. How much activity level you've had and how that's changed. However if there's a way to give you a heads up to get a test and perhaps quarantine that could potentially prevent the spread of covid nineteen or other illnesses to other people including your family friends and coworkers so this research is ongoing to the studies are looking for more participants. The links are in my story on ticked usa today dot com. And this is a topic. I'm sure we'll be covering in the weeks and months
SEO Issues That Cause Search Rankings & Traffic to change
"Interest. The buying behavior is similar to a hybrid between google ads on facebook guide. So it's got this whole keyword elements so you're researching but it's a very different strategy than when you're like doing long tokens words etc for four search engines but it has a very similar search behavior browse behavior content behavior phrase match behavior to google edwards. Because it's actually a search engine. It's not really a social media platform that a lot of people think it is. It's a surgeon. People are going there to plan purchases going there to get excited on what to buy to The number of people is ninety. Three percent of people have made a purchase on pinterest. So the buying behavior is very intentional about purchasing it's just slower so their algorithms. The attribution windows are longer and it similar to. It's cool because it's like google. How many times. If you think about just your normal process of purchasing like if you go to google you see something you like but you may be save a tab or you may be myself million links text or whatever but it's not like you have this visual platform of you seeing. What is that you want to buy in the future. You're not really saving it the way that you would go back and purchase you. Just keep googling and trying and if you google again maybe somebody else has your spot so with pinterest. it's really cool because you save. It's a visual search. Engine you save these pins and you can go back later and purchase and people. That's exactly what people are doing. It's heavily focused on women. There were men that are coming on every day but so for women's products. This is a major question that i get asked all the time. What kind of products worked the best on pinterest. And so i wrote down a list of things that we're doing right now. That are working well. So women's products clothing baby products mom products toys. He's we have protein powders. A lot of fitness apps kitchen tools gardening Begging recipe books might in home decor stuff like that. Those are the main ones that i focused on with our e comm. Although i get pretty interesting result sometimes when we try new things so it really just depends on. Someone was asking the group if it's good for local business. If you have a local business like for example. I think the person was saying i forget if it was like fencing. Maybe or something like creating fencing so i would definitely check it out and try because you'll have to change your strategy a little bit because that you'll have to probably go for more of an average oriel type strategy versus just straight to sailor straits of a call. You're driving traffic to your website. But you could definitely get a of organic reach like creating pins like ten reasons. You need to use this type of fencing. So if you start thinking about in reframing based on the buying behavior of the platform that people are planning their interested they're researching. They're getting excited about different products. It's it's really unique. Because you get. I look so before. Even someone googles your brand can get first exposure on pinterest so there's kind rare
Treasury Secretary Janet Yellen says the unemployment rate "if properly measured" is close to 10%
"Let me start you with thing. You've been writing about this week. And that six terry of the treasury janet yellen said on cnbc. I believe it was yesterday talking about unemployment and the stimulus package and the need to go big sector. Yellen said look unemployment is probably closer when you really Add things up to ten percent in this economy And i i'd love your take on that because that's not the official number. It's not it's a good bit higher. The official number is six point three percent which works out to about ten million people employed. She's implying it's ten percent which works out to sixteen million people unemployed. So how can she say that. Actually there's some pretty good basis for her to be saying that we know right now that were in the middle of a pandemic and that official six point three percent unemployment number comes from a survey that they do have about sixty thousand households. A lot of people aren't responding to that survey. A lot of people don't actually know if they're unemployed. That might sensitive silly when you think about it. But you know there's so. Many limbo categories. People are on furlough. People are told they may be called back in a month or two. It's it's kind of confusing. But the biggest factor of all the reason that she wants to add more people to the ranks is the problem of women dropping out of the labor force appearance and others to care for kids at home and to care for sick relatives. That's about five million people who have had to do that. Those people's jobs are clearly gone because of the pandemic but they're not counted as officially unemployed. Because you have to be searching for a job in the past month to be part of the official unemployment number
4 Stocks Ready to Ride the 2020 Infrastructure Boom
"As extreme cold grips. The south and texas tries to cope with massive power failures infrastructure plays or heating up. Checkout names like report. Macaroni neither rental soaring. Today has all this. Wild weather made that infrastructure investments story even more compelling karen wedges. What do you say well certainly sort of brings to light how we need. crept infrastructure upgrades. And then i think there's also some policy as we battle it out with china you know. How can we rely on this. Worldwide trade that the globalization. That's happened over the last ten or twenty years. We need to start bringing stuff. Poem that of course would be very inflationary if everybody needs to manufacture their own stuff but as it relates to infrastructure have been hoping for this for a long time position. Like united rental. This is just absolutely the holy grail for them to think about their business model. They have fixed costs very low variable costs so if you get utilization pricing way up. That's fantastic for them. All that having been said this is as expensive as as i've ever seen uri. So there is optimism already in there. We need an infrastructure bill trade down. But i think we've got one. It would continue to trade higher. Yeah nadine where the opportunities are you and karen hopped up on the midday call talking about infrastructure because if there was ever a time where we're the american Consumer the american voter out there was convinced that infrastructure needed attention needed investment. Now is the time in what is going on in texas melissa. I think you and karen are right. Here is what you have in texas as a supply shock. And you have the governor saying listen we need a winter is our state. Look at my own state. Will we need to protect against fire against floods and so that understand infrastructure is a really big deal so you see biden coming out saying we need a big plan today see the house transportation and infrastructure chair saying we need a one point five. Trillion dollar caught a spend and people are saying. That's not enough. So those two things along with what karen said. Which is china threatening to limit exports for precious metals and technology. All of those things very inflationary but it means that the probability of infrastructure spending just went up. yeah so where are the values jeff karen. How deluded to your uri. What she thinks is overvalued. There are a lot of stocks out there that may already be taking into consideration the possibility of an infrastructure bill we were valued if there is no infrastructure sorry overvalued if there is no infrastructure if there is infrastructure then it's a okay all right. Jeff what do you say. Yeah absolutely no. I agree with karen. And that's really exactly where i was going to go just to echo the sentiments of everyone else you know i think that there was this concern building that if we were to get a really big stimulus bill right. Now it'll be more difficult to pass infrastructure Climate spending things of that nature a little bit later in the year. I think that has changed now. Given what happened in texas. I think there's political capital to push some of that spending through but let's not forget. I mean there are fundamentals. That are supporting this story to. We got manufacturing today for the us for europe both very strong. So i think that's part of the story as well and i look at stocks like cat and volkan. These are names that i've been mentioning over the last couple of months. They're really nice. Steady uptrend just breaking out now to new highs over the last couple of months and i would say the same thing. Maybe for some of the rails. Npr norfolk southern. I think they end up participating in all of this The last thing i'll say is just relative. The small caps been such a big story. This year Definitely overbought. there's. There's no question about that. But i think the valuation gaffe still exists and when you look at the s. l. y. That's how we would prefer to play small caps almost twenty five percent and industrials and materials. So i think that also benefits from this trend. We're talking about see if this is also wrapped up in the in the rotation that you've been advocating which is away from the growth away from technology and into the cyclical plays on the bet that the economy will reopen is reopening soon. So if you look at the i. Wm so i'll pick up where we're jeff left off the wm's since november first. They're up forty seven percent against the snp. that's up twenty one percent outperformance. That's what you're looking for so where you started out saying that. This is about infrastructure shore. But i think it's only about twenty percent about infrastructure. I think the balance eighty percent is about rates. This is about the reflation trade. I know it's all sort of mixed up in the sausage making the ten year. Tenure went from fifty basis points to one point three three percent now. I know that it's a huge move. It's one hundred. Sixty three percent move based on a percentage of the percentage. That's what it's about. Think about this senate. The house are tied up with the covid relief. Reconciliation bill that's going to take us another couple of months. We're not getting infrastructure until june or july.
Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough
"Doubles down. The stock market record highs seemed to have fizzled in recent days with the s. and p. five hundred falling for a third straight day on thursday fears of inflation may be at work here. There are concerns that if all the stimulus being pumped into the financial system works that it could begin pushing up prices that may be risky for stock market. Investors as money flows back into the rising yield bond market. In fact a sizable selloff has been seen in the us. Government bond market over the last six weeks yields on the ten year treasury note have climbed during this process from one percent in early january. Two one point three percent this week quote. We think it's very important to have a big stimulus package that addresses the pain. This has cost fifteen. Million americans are behind on their rent. Twenty four million adults and twelve million children. Who don't have enough to eat. Small businesses failing and quote so said treasury secretary. Janet yellen in an interview with cnbc yesterday. The treasury secretary added quote. I think the price of doing too little is much higher than the price of doing something big. We think that the benefits will far outweigh the costs in the longer run and quote asked whether the surge in federal spending could prompt a sustained rise in inflation. Yellen responded that. It was a risk but that inflation has been very low for many years and that the fed could always mitigate that risk by raising rates. According to speaker nancy pelosi. The house aims to pass. Its one point nine. Trillion dollar corona virus relief panel an before the end of february to be a deadline on sending key unemployment programs. Going a little deeper here. Yellen said that the white house will likely propose a second economic recovery package later this year that would include spending on longer term investments like infrastructure renewable energy education job training and research and development. This proposal would also include tax increases on corporations and on wealthy americans that would quote phase in slowly over time and quote of course during the campaign. President biden proposed raising the corporate rate to twenty eight percent from the current twenty one percent before president. Trump's tax cuts in two thousand seventeen. The rate was thirty five percent
Retail Sales Rose Strongly in January, Driven by Stimulus
"Americans opened their wallets last month. The commerce department says retail sales jumped in the month of january after three months of declines. World's kristen flab has that story retail spending soared a seasonally adjusted five point three percent last month it was the biggest increase since june and much larger than the one percent rise wall street expected analysts. Say the six hundred dollar stimulus checks. Sent out at the very end of last year helped get americans in the buying mood beside strong sales at furniture and appliances stores. Sales jumped almost twenty four percent at department stores. Online sales soared eleven percent and spending at restaurants which have been hard hit by lockdowns rose about seven percent last month. Wednesday's report covers about a third of overall consumer spending but it does not include haircuts hotel stays and other services that have been hit hard by the pandemic
Retail sales better than expected in January
"Here to discuss. The latest figures is wall street journal. Reporter harriet tori. She covers the federal reserve and us economy farm. Our washington dc bureau. Harry thanks so for joining us. Hi so retail spending is op. And i'm wondering what people are buying. Well the re buying things across the board. I mean this month was amazing. These strong we saw a five point. Three percent. Seasonally-adjusted increase From a month earlier in every category did well which is unusual in retail sales. But there are. Some country agrees the did kind of well that was Furniture electronics we saw big increase in a lot of categories that related to the home. This is a trend that we've seen during the coronavirus. Pandemic is that people who are working from home and studying from home and just spending more time at home generally a spending a lot of money on making their home spaces better improving them. Buying things like new. Tv's new workout equipment renovating different rooms and things like that. So we definitely saw that reflected in the january retail sales report. What did you think when you saw the figure of five point three percent. I was really surprised because the economists expectations were for an increase of two percent. And of course this is coming off a pretty bad holiday season. We saw declines in retail sales in october november and december which is really unusual. Because that's normally a time. When people are out shopping and spending on halloween and thanksgiving and christmas and so on but clearly. You know economists saying what we're seeing here is the impact of six hundred dollars. Stimulus checks that. Many households received another january because this appears to be related to the stimulus payments. I want to ask you about the purpose of the stimulus. Is it meant to help. Businesses or individuals. Are both economists. Are saying that this is definitely a sign that this to municipalities to be working one concern that people had about the first round of stimulus. Checks came through in march. Two thousand twenty was that a very large share of them were saved. They went straight into savings accounts. A man appeared to be because there was just a lot of uncertainty. The unemployment rate was extremely high. People were very very cautious so they want us to take that money and put it in their bank accounts they would have just in case things got even was also a relatively large serve is used to pay down debt but we'll miss seeing now appears to be more people actually spending the money this could be reflection of the fact that vaccines beginning to roll out so people feeling might. Maybe there's light at the end of the tunnel. Also the improvement in the labor market. It seems like people who have just a bit more comfortable now as she taking that money once it hits that bank account and going and spending it on things that they need. Can you put these new sales numbers in context for us. We often see them. Revised offer down after the fact the month to month data can be volatile definitely and it is subject to larger visions and we were a revision of the december number as well but over will the signal that this report sentences. That january was a really surprisingly strong month for retail spending and it just shows the american consumers Very much in the driving seat of potential growth in the first
Wholesale prices surge 1.3%, led by health care and energy
"A surge in health care and energy prices results in the biggest jump in wholesale prices in a dozen years the labor department says the producer price index which measures inflation pressures before they reach consumers increased by one point three percent in January that's the biggest one month gain since two thousand nine that increase reflected a roughly one percent rise in healthcare services and a five percent jump in energy prices analysts now think inflation is likely to rise this year after more than a decade below the federal reserve's two percent target for annual price increases an uptick in inflation would signal fuller re opening up the economy my camp in Washington
US retail sales jumps 5.3%, thanks to $600 stimulus checks
"Last month stimulus checks got people shopping again the commerce department says retail sales soared by five point three percent in January much higher than analysts predicted after three straight months of drops the six hundred dollar checks led to strong sales at furniture and appliance stores online sales were up eleven percent and department stores saw a boom with sales up twenty three and a half percent president Biden's virus relief plan calls for most Americans to get another fourteen hundred dollars in direct payments without them it's unclear if spending will keep rising retail sales slumped in twenty twenties final months as stimulus money dried up Sager mag ani Washington
Randomized Trial of C5a Receptor Inhibitor Avacopan Shows Promise in ANCA-Associated Vasculitis
"C five a receptor inhibitor. Of copan is being studied for the treatment of anti neutral fill. Side of plasma antibody anca associated vascular itis in the advocate randomized trial. Three hundred thirty one patients with anca associated vascular litis were assigned to receive oral evacuate pan at dose of thirty milligrams twice daily or oral prednisone on a tapering schedule. All the patients received cyclophosphamide followed by as thia prynne or toxic. Map remission at week. Twenty six the first primary endpoint was observed in seventy two point. Three percent of patients receiving vacco pan and in seventy point one percent of patients receiving prednisone own sustained remission at week fifty. Two the second primary endpoint was observed in sixty five point. Seven percent of patients receiving vacco pen and in fifty four point. Nine percent of patients receiving prednisone serious adverse events excluding worsening vascular. Lettuce occurred in thirty seven point. Three percent of the patients receiving a vacuum pan and thirty nine percent of those receiving prednisone in this trial involving patients with anca associated vascular. Itis a vacco pen was non inferior but not superior to prednisone taper with respect to remission at week twenty six and was superior to prednisone taper with respect to sustain remission at week fifty two the safety and clinical effects of vacco pan beyond fifty. Two weeks were not addressed in the trial in an editorial kenneth warrington from mayo clinic. College of medicine and science rochester. Minnesota writes that. The advocate trial heralds a change in treatment of anca associated vascular lightest that was previously unthinkable. The possibility of inducing disease remission without glucocorticoid however all patients in this trial did receive a brief course of glucocorticoid during the screening phase or early in the trial. As press own was being tapered off and discontinued and also could receive glucocorticoid as rescue medication. An innovative aspect of the advocate trial was the use of a glucocorticoid toxicity index. That captures common glucocorticoid related. Toxic effects including change in body weight glucose tolerance blood pressure lipids myopathy neuro psychiatric features and infection
Could more women-led tech companies make the internet less awful?
"The dating app. Fumbles wiped right on. Its ipo last week. Making it ceo whitney wolfe heard the youngest female ceo take a public. Not only that. But eight of the company's eleven board members also identify as women and that has more than just symbolic power bumble has styled itself as a women first dating app. The platform encourages them to send the first message. It also moderates the photos that are on profiles and the ones sent through direct messages so users won't get any revealing content. They didn't ask for sarah. Kunst is the managing director of cleo capital and she advised about on its venture capital arm. I asked her if all that translates into more women on the app then men. No you know it's funny. They're more men. Because it turns out that when you empower women and when you give people dignity and equity in the relationships that it helps everybody. It's not just women. And how much of that do you think is because of the type of content moderation. It does not allowing photos of shirtless men are worse. I think that's a huge part of it right when you think. Oh maybe maybe. I'll go meet the love of my life today on a dating app and instead you see something that you really did not want to see. It's disappointing and and it makes you less excited to do it and so bumble hs done a ton of work in making sure that you know people are who they say. They are with things like photo verification to that. They're not doing creepy mean rude things and if they do than than the the companies taking a really firm stance that it's really kind of one strike and you're out with everything from people who want to body shame to people who are sending lewd images that's not okay and certainly the legislation that they've been able to work on and push through in the state of texas to make sending a picture that exposes yourself illegal. It makes so much sense. Those are the kinds of things that are so obvious. In retrospect but but nobody in the dating app world and the online dating world had taken that stand yet. And i think it's pretty clear from the market debut. There's a lot of success in helping people. Just treat each other better given that success. Do you think you'll see more companies kind of taking that same path of moderation. I mean i think this is happening right. I really kinda everywhere right now in our world online when you look at everything from twitter's tussles with the last president to the facebook review board. They're starting to be this understanding that you can't be the wild west right you build roads in the real world but then you put up speed limit. I think we're seeing that happen. A lot. Right now in the digital world and i think companies like bumble. That had the vision that had the real kind of character to stand up and say. This isn't okay. we're not doing it. I think that really really matters. And so that. I think is something that we're going to see more of less of and it certainly hasn't escaped my notice that it seems like women led companies in particular are really leaning that way. Now this good news for bumble comes on the heels of what looks like bad news. For other women lead tech companies with so many facets of life the pandemic seems to have exacerbated inequities including with venture funding the share venture capital dollars for companies founded by women declined last year to point three percent according to crunch base. So what happened. And what do you think needs to happen at change. That i mean the good news is it is a frustrating problem with very simple solution. The solution is now fund more women and fund more more women. Because you either fundamentally believe that somehow men are just so much naturally better at running companies and raising money that they take ninety percent plus of all venture funding. Or you think that there is some inequity and there's a problem to be solved there and you know the reason to solve. It isn't the the social mission. It's because if you are leaving that much money on the table by not funding women. Then you're not gonna make as much money as you should and you know it is your job as a investor as a venture capital investor to make money and so by only looking at a sliver of the population. You know that's a lot of money you're not making and that's not good. So that's the solution. Why is it a problem. I mean the reason for this problem is always the same. The reasons never change. it's always. it's always sexism. It's always biased. It's always you know the concept of hama awfully of sane. Every human is generally drawn to people who remind them of themselves. And when you don't have enough diversity on the investing side of the table. You're very unlikely to see that diversity take place on the founder side you know. Bumble obviously had a really successful. Ipo do you think that will make a difference. You know in all of the stuff that you're talking about you know the success of stumbles ipo. And and being the youngest woman take a company. Public reminds me of this excessive katrina lake in such fix a few years back. And it's it is certainly helping to move that needle right if if you can't be what you can't see shortly after fumbles. Ipo came to marquette allison from from the ceo of our modern help. You know a company. That recently became a a unicorn. You have said openly that that she looks at that is is a real inspiration to think about you. Know how do we. How do we get an even younger woman to show her company next now. They're looking at that. I think that that deeply matter is built on the founder side and on the investor side. Because when you start to see that it becomes a lot easier of the next time a woman walks in your office building a company that you might not one hundred percent understand because it's not fixing a personal pain point for you and say well i mean if there's been all this success in the market and this person seems interesting incredible. Why wouldn't they be next. And so i think it's incredibly incredibly important.
New York City Covid Vaccine Disparities Revealed in ZIP Code Data
"One of the big challenges in distributing the coach vaccine is trying to ensure that they don't disproportionally go to the most communities and as more people get vaccinated in the united states. We're getting more and more data about who's getting their shots. I and the data coming out of cities is well. It's painting a fairly consistent picture in the neighborhoods with the highest death rates from cova which tend to be poorer and more black and brown folks. Fewer people are getting vaccinated by contrast in wider more affluent neighborhoods. Vaccination rates tend to be higher even though a smaller percentage of people in those neighborhoods have lost their lives the virus. So here's an example map in new york city. We have data by zip code there. We should note. The same dynamic has also played out in washington. Dc and other cities so in this section of manhattan's upper east side. That's a wealthy neighborhood. There have been one hundred sixty six deaths from covid per hundred thousand people so far in that zip code sixteen percent of adults vaccinate which is great. That's good we want people to be back but now let's look at say brooklyn's east new york neighborhood much much poor much much much less white in that soco there have been a staggering eight hundred and thirty seven deaths per one hundred thousand people. Think about that. It has been hit so so much harder by the virus but in that neighborhood only five percent of adults have been fully vaccinated compared to the sixteen percent of the upper east side. Now the city not breakdown vaccine recipients by race or account for the percentage of people in a given zip code were eligible but again the broad picture. Here's pretty clear. See playing out across the city and across the country in fact in some poor neighborhoods. Only two percent of adults are fully vaccinated. Well vaccination rates are fourteen fifteen sixteen percent and richer neighborhoods. This is a huge in central problem to solve and discuss it on join. Shell gave stolberg new york times. Washington correspondent covering health policy has been writing about the vaccine rollout specifically so let's just start with the phenomenon. I want to sort of check against myself here that this is something that's happening. That's showing up data that is being produced around the country. It's not just a particularity of new york. No no this is absolutely happening around the country and you can see it in the cdc's national data. I think nationally last week African americans who account for more than eighteen percent of the population were eleven percent of those vaccinated. And we're seeing in disparities around the country here in washington where i am We had a situation where people from wealthy white neighborhoods were going into black neighborhoods to go to clinics that primarily serve underserved people to get vaccinated and it is creating a real disparity and it is completely contradictory to what president biden has said he wants which is a vaccine and a covid response that is centered on racial equity. So there it seems that there's a few factors at play here for why this is a it seems to me that there's a demand issue right is sort of people's willingness and i think we can get to that later. The first thing just seems to me it's one of those situations where a certain amount of social capital connections time or resources to other people to go through the logistics of the planning and the websites use tending to advantage. More affluent. folks is. That is that sort of your understanding of what's driving this yes. I think there's two things that are driving it in one is exactly what you say. Which is more apple and people tend to have the resources to the computers savvy the time frankly transportation to be able to get vaccinated but another big reasons vaccine heston san. We know that people of color particularly african americans are more hesitant than whites to be vaccinated in part because of the legacy of systemic racism and Government experiments like the horrific experiment that still linger in the mind. So there is that issue of hesitancy that the government is going to have to overcome. It wants to see people of color vaccinated. Yeah this is a december pull from. Ap now that's this is know almost two months old now but we we saw huge has seen the beginning huge racial disparity in terms of folks. You know fifty three percent of white people saying they're gonna get vaccinated while in twenty four percent of black folks thirty four percent of hispanic hispanic respondents now. Those numbers have changed a little bit. Even though there are still racial disparities out there examples of places where this is being dealt with forthrightly in a way that is that is sort of reintroducing a kind of equity here well i think that's hard to know in one reason that's hard to know is that the government doesn't really have great data on race the people who are vaccinated but more broadly one of the states. That is actually a really good job. Back stating across the board is west. Virginia and it has back stated i think eighty three percent of its vaccines have been administered in. It's far ahead of most states in terms of effective and quick backseat distribution.
Is the Inflation Trade Back in the Market?
"We start off tonight with the reflation trade. The ten year yield hitting a one that year high one point three percent does that mean the economy is staging a healthy recovery or that inflation is making a comeback sooner than we all thought. What could that mean for the markets guy. Why don't you open it for us tonight. First of all. I mean bit whereas bitcoin say fifty thousand becase technology problems. He better technology than bill gates. At this point. I mean he gets no pass from me. I offer him no quarter number one number two. It means sit. The market is clearly anticipating this economy opening up in a major way in the second half of the year and that's a great thing for the economy. It might not be such a great thing for the stock market and although the market seemingly likes rates rising right now where to get point and curve where it does and my senses. It's about that one and a half percent and listen. You've talked about a ten year. Yield that went from fifty three basis points in august two north of one and a quarter now and it seemingly short period of time. That's a tremendous move. And i just think it's getting started. Banks are going to like resource trades going to like it but inflation is here mel. Make no mistake. You heard it from kraft heinz. You're seeing it in soft commodities. Just look at charts like archer daniels midland and buggy and it's right in front of us and the fed thinks they can control it. Good luck with
Transforming Healthcare With Rebecca Love
"Welcome back to the outcomes rocket. Everyone saw marquez here. Today i have the privilege of hosting rebecca love. She is a nurse. Entrepreneur inventor author. Tech's speaker and i nurse featured on ted dot com and part of the inaugural nursing panel featured at south by south two thousand eighteen. Rebecca was the first director of nurses innovation and entrepreneurship in the united states at northeastern school of nursing the funding initiative in the country designed to empower nurses as innovators and entrepreneurs where she founded the nurse hackathon the movement as lead to transformational change in the nursing profession in two thousand nineteen rebecca with a group of leading nurses the world founded and is president of sand sale the society of nurse scientists innovators entrepreneurs and leaders a nonprofit that quickly attained recognition by the united nations as an affiliate member to the on. Rebecca is an experienced nurse entrepreneur founding hire nurses dot com and twenty thirteen which was acquired in two thousand eighteen by realto in the uk where she served as the managing director of us markets until its acquisition and twenty nineteen currently rebecca serves as the principal of clinical innovation at optimize rx. She's passionate about empowering nurses and creating communities to help nurses innovate create and collaborate start businesses and inventions to transform healthcare. Such a privilege to have you here. Rebecca i'm really excited to touch on this very important topic of nurses going to be with you. Thank you for having me absolutely. And so rebecca. You've done some really neat things in your healthcare career and you know before we jump into the actual details of what we're gonna talk about. I love to hear more about you than and what what keeps you inspired in in your healthcare career. I think that being a background and being a nurse And washing with the front lines going for and doing on a daily basis especially in the face of i think every day i wake up. I'm inspired by those nurses to go out selflessly to transform and take care of individuals that most of I would wonder if we would cross that. Threshold and nursing was a second career choice for me in life and it was inspired because my mom really encouraged me to pursue nursing. Because she said that. Although there's a whole bunch of great leaders in other areas we needed really strong nursing leadership to sort of transform the future of the profession. And i took it very seriously after becoming immersed in watching certain challenges that was basically in the profession. I don't know if you know. Some of the statistics but percents of nursing graduates leave the bedside within two years of practice which is nearly the largest exodus of any profession out there and we are facing potential nursing shortage of vermillion nurses in the united states. And i think what motivates me is. How can we stop that accident. And how can we secure this profession at the future of healthcare And i think. I'm still motivated by both that here that there may not be nurses by the bedside in the future as much as i am inspired to transform. What a career for nursing. Looks like that me inspire the best to choose that profession debt. And you know. I wasn't aware that's a. That's a pretty big number of of nurses leaving and also want to say thanks to all the nurses listening or if you have somebody in your family your friends that are nurses at the front line. As as rebecca mentioned it's tough and especially during this pandemic The importance of what you do is critical so so yeah let's kick things off with a thank you and yes a rebecca. Why why so many people like white white is so many people eat nursing. Yeah there's there's some interesting study that are being collaborated on this entire thing. Why thirty to fifty percent of them are leaving the bedside within cheers of practice and my dad asked me this question. He that he the. Cfo honey when you graduated with your finance degree. Were you expecting to carry the same level of responsibility as cfo laughed and he instead. Of course not. And i said well welcomes the world of nursing where you graduate you enter the profession and not only. Are you carrying an incredible boat and patience upon you. But you're expected to carry the same kind of patient and responsibility as nurses with thirty or fifty years of experience. So i think one is incredible dichotomy of being put into a world. Where even if you have little training you're going to deal with those two patients. And then secondly i think one of the biggest factors is that the profession of nursing if you call it a profession has not been cultivated along a career progression and think younger nurses that are entering the profession realized. I don't know if you've noticed. But over course a twenty year career the average increase of salary of nurses only one point five percents a year which is half the cost of the increase in wages or salaries on the average american But more importantly there is no career development. So it's not as though when you start out as financial assistance and you progress ups eventual pointed the being the cfo and nursing. The first day of your career can very much look like the last day of your career thirty years later and i think that because healthcare has focused a very long time that the roles of nurses are to be by the bedside and that that job that has driven position is not in and of itself that they've never focused on. What are the career and the ambitions of the nurse by the bedside new ford so suddenly two years into a nurse his career. They're working in day night holiday weekend rotation they've had an increase of salary of about three percent and of them are patients that are constantly dying or sick and being called to work in and they don't know where their career is going in comparison to the friends that they have chosen other careers. Who are working monday through friday. Have five weeks of vacation and are steaming. The world where these nurses aren't sure what's going on. I think there's a couple downwards playing trends. But i think those are two of the largest.
"three percent" Discussed on KBOI 670AM
"Throw around these terms that they throw around are so vicious and so deceitful and dishonest it's just incredible so seventy three percent of the republicans who want people who come here illegally to be punished there's something wrong with them or is joe scarborough would say the racists anyone who voted for trump these are the same people who pretend to be moderates these are the same people who pretend that donald trump's language is way out of control these are the same people who pretend to be bipartisan they are vicious hateful people who despise a big chunk of the american people they've always despised the tea party they've always despise the trump voters they've always despised conservatives go ahead maybe they have a little different color of their skin and they speak differently i holler of their skin and speak differently people want the law that your body past enforced people who speak differently in different color of skin what does that have to do with anything anything if you're talking about people coming in here from ms thirteen and drug cartels people coming in here who who kidnap little kids to get in here has anybody talked about their race they've talked about their deeds in who they are and yet corker plays right along because he wants to be a different kind of republican go ahead of her hated someone who traveled through tough conditions to try to come to a place where they could realize their dreams and so i'm just not part of that group that wants to punish what i do want to do old identify as part of that group yeah i understand and i think it's a shame that what we've done with immigrants is to try to call them to be a part of a terrorist group that's what we've tried to cause immigrants to be part of a terrorist group who is who are we we have tried to cause immigrants to be part of a terrorist group what in the world is he talking about go ahead many of these people truly especially in central america are living in terrible conditions what then i guess we should open our borders syrians you many's who else all over the world this is not a serious man this is not a serious person and neither is anybody else who talks this way so now you see these seventy three percent of americans excuse me republicans they look at people because of their color and what's interesting is it's the left that keeps bringing up race it's the left that keeps bringing up pigmentation bob corker will not be anywhere in america's history books except a little footnote to one of those rare history books that tells the truth about the iran deal but he has been a a horrific united states senator and he plans to go out being a horrific human being just look at how he talks about you this isn't you you're not who he describes absolutely disgusting he would never say this about jay johnson who is a black man he would never accused jay johnson looking at these people because of their race he would never recused jay johnson trying to stop these people despite being as poor as they are and yet jay johnson just said on sunday that they had to detain people at some sometimes as a family unit other times had to defy the children from the from the parents i don't remember bob corker ever mentioning this prior to three weeks two to three weeks ago does anybody else now.
"three percent" Discussed on WPRO 630AM
"Somewhere near three percent home prices have increased so far at a rate of six point two percents and so that's more than twice the rate of gdp it is a with the reason why i think it's good for small businesses that the increase in home prices john is reflective of writ supply and demand there there's there's a less this a smaller inventory of available homes and therefore it's driving up prices and to me that's an indication of property developers and people in that business are going to be very busy over the next few years building more homes to meet that demand and if that's the case that will certainly be drawing on many many small businesses construction firms drywall people plumbers electricians that will take part in that so we need more housing we need more building of housing we need more construction good news for the construction industry and i think home prices are kind of giving us a predictor of what's going to happen what i've noticed gene is that when people spend a deal for their primary residence if they continue to spend on the primary residence they there's always augmentation or expansion or make a new kitchen that's something that happens to homeowners that goes right to small business right that's what we're talking about that that's a local small business boost it does however i will counter this with that if somebody is going to be paying more than i expected to pay for a house because the prices are going up the way they are that leaves them less money in the kitty to go out and do this sort of construction projects or other stuff that they'd like to do on the house so that could have a negative effect having said that i'll take your point of view where if home prices are going up the way they are people stay put more often and therefore say you know what route and go out and spend more money on a new home they stay were we are and we'll just we'll we'll we'll build that addition to the home or fix up were right now but the bottom line is the population is growing and the economy is growing and there aren't enough houses and you know we're we're seeing that at home prices and i think that's going to we're.
"three percent" Discussed on KKAT
"Non lgbtq adults forty nine percent but i'd call about half what they're calling it less than half said they were very or somewhat comfortable around lgbtq people in certain scenarios according to the uh in its down from fifty three percent so fewer people are very or somewhat comfortable around lgbtq people now half was fifty three mm slightly down but if this trend continues i suppose it would be something very comfortable around l and g they have some questions t got to admit i'm going to wonder what's going on there and q i would know right yeah yeah that one i don't really so it at various mmhmm in other we're talking about three percent of the population right all right well roughly uh transgender or gay gay or all of the above at all then so he asked media it's definitely low single digits um uh yeah you know the the transgender thing is interesting to me there are some people are so desperate to for instance convinced the kindergartners that they're transgender in fact there's a controversy in a californiabased the bay area school of the kindergarten is displaying a poster made by gay columnist dan savage about the rainbow unicorn of gender and how the.
"three percent" Discussed on Effectively Wild: A FanGraphs Baseball Podcast
"Seventy three percent and so if you then multiply that by itself then that yields a fifty three percent chance that all three teams make it to the playoffs two years in a row given ninety percent odds each of making the playoffs which is just not true so that's one way bring this dan where it's almost a coin flip just that they'll all make the playoffs two years in a row and the other way to look at it is that of course they they all look very good they all have a lot of money they're all set up the short term and the longterm and and they are each not too afraid of the competitive balance tax they have gone over even though i know that they're trying to get under at present but even with these teams spending a lot on their payrolls they are still spending less on their payrolls relative to even the lowest payroll teams in baseball the floor as risen and b cap the soft cap a sort of cap to the highest spinning team somewhat in place and so the distal less of a spread in payroll and of course there's more to baseball than how much you spend on your roster but that's kind of a a the leading indicator if that's the right term business and so the amount of resources that teams can pour into their roster will be related to how good those teams are and if the yankees cups dodgers can't spend that much more than their competition while it stands reason that they won't play that much better than the competition over the long haul yeah i just i think i mean look at recent history the cubs came fairly close to missing the playoffs this season i mean it was in question for much of the season and they were expected to be the best team in baseball probably or may be the second best and they can adjust limped along and they ended up making it but it wasn't a convincing victory on their part and that was in a pretty weak division overall and then look at recent ekeus history obviously they just missed the playoffs a bunch of times so we're not so far removed from these things happening or almost happening that i think we can forecast with any kind of confidence that they won't happen soon i mean you know historically when people have looked at like pow.
"three percent" Discussed on Bloomberg Radio New York
"We got an increase more than thirteen and a half percent is that all related to rebuild following these natural disasters well it's certainly not all but that's the lion's share of the monthly volatility over the last couple of months sowa hard to understand if there's really any deviation at all in the underlying trend for housing activity in homebuilding in particular in this case and i think the answer is set were not really see much deviation french and this thing with industrial production 'cause we got that as well this week that was an increase of what ninetenths of a percent right so why it looks like the same thing there was a lot of activity shutdown now whether it was utilities being closed or taken off line a due to the storms or raw actual la other industrial output debbie shuttered transportation bottlenecks at cetera and that's all coming back online so we have to be very careful as economists not to read too much into this latest swath of data as it really is more weather report then that economic report and taking a step back just a little bit further as macroeconomists we always like to go back to fifty thousand feet if we you know just as we are disregarding our this leg this upswing in the data how we also have to view q three gdp very sceptically right so gdp came in at three percent in the third quarter lot of analysts expected to be revised up even higher to three and a half percent then we look back to q to that with also 3 percent approximately and you can say well you know something changed in the economy mmaybe as trump enthusiasm more or some other factor but we have backtoback quarters of three percent gdp gains let's not well technically it's true on paper yes but if we look into the end relying details really q two was simply a rebound from a very weak first quarter all that residual seasonality every q one comes in week inasmuch as it comes in below trend q twotenths come in above trend so we can't be too focused on that cue to print and q three was largely a hurricane story so the.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Muster and he's the type of support needed because you know while i said both sides agree this needs to get done they differ on how it should be done in you'll be it from publicprivate partnerships verse how much the government should fund on the infrastructure side and then on the tax reform who who should it benefit right should it not so i'm on the bloomberg um i think in the past with the past week or so there is a story about twothirds of economists surveyed think that the current administration will get some kind of tax plan passed by the end of the year but that the effects won't take place until after after the year after possibly next year as well i i that that that ratio surprises me i think that the idea of the two things we need to look at it one is the probability of tax reform comprehensive tax reform that seems like it's zero percent it seems like it's been zero percent for awhile then there's the probability for tax cuts that's probably what the economists in the survey were referring to uh i mean i think there is a chance you could get some tax cuts but i don't think i would be in the twothirds thinking something could happen and keep in mind that survey was probably done before yesterday in the past weeks for sure but i have to wonder how much where i was going with this is how much is this optimism about the policies that president trump espoused during the campaign how much has that optimism than baked into markets already and it hasn't been already beaten out.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"That's very concerned about dollar strength but not only is uh the us concerned about at the bis and the imf both around these levels have said that the belief the dollar to be 10 to 20 percent overvalued in other words you've got the us and uh you know talking against the ecb no one wants to have a strong currency but i think it's the us is really in the driving seat here in that the euro still is undervalued relative to rent maybe where it should be i think that's probably the 125 level where we get to the dog said you want to get your thoughts on the dollar i just want to stick with these fees one second because to me the implication here is even if this is just jawboning uh jerk reaction on the part of the ecb officials would be to hold benchmark rates lower for longer and to move uh more slowly as far as removing accommodation in order to keep the economy kind of in this place where the euro is sort of stabilized even as a in uh as as the economy grows right i mean 'cause i i don't really see what other moves easy be could take wrote the would have to keep on doing something at a at a greater level them defenders during it now we can look at the federal and are believed that maybe there's one were rate rise this year and certainly the ecb will be raising rates but even if you look at the 10year yield said the us cereals are unchanged from the year attend 10year yields let's say for germany or maybe fifty basis points higher so the yield differentials moving more in the favour of europe than it is in the us and remember when you look at currencies you'll of cap to look at will watch the fed touring versus were key ecb doing the ecb going forward into two thousand nineteen may be going to have beat men in charge veterans much more of a hawk and would like to see rates uh get a little bit higher in the eurozone whereas you may have coned come into the fed in the us whose units being a tough peninsula longerterm brazil looking at the us may be having lower yields for longer and the ecb moving out of the lower yields plus the.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Quartercentury almost has been very narrow it's one of the great accomplishments the united states as we've had very low inflation volatility not only lowinflation but it's been other ago have low volatility um over the last ten years no one stare deviation about the current place rate of one point seven percent is above it is three percent and blow it is about thirty basis points it wouldn't take awad of inflation to shock people that are used to lohan stable inflation and i i think three percent inflation looks very likely wage inflation year on year is already lisa bent at two point nine percent inflation this year on year in this recovery were still hankering a two five median wage inflation is already at three three um the the uh other labour indicators suggest a private wage pressures um if the unemployment rate just like the claims number this morning falling to almost to its lowest level of the recovery suggested we're going to have continued job growth i think it's very likely we're going to get wages over three and if we do i think companies are going to be forced to raise selling prices and that puts your cpi above the one other thing that's it play right now is the us dollar is very close to breaking below was thirty one month trading range it's been down by ten percent your today but i think it could be through breaks that range you could fall even further which would also put some life back into crude oil and other commodity prices aggravating uh or at least elevating inflationary uh expectations.
"three percent" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Because i do think before of the next recession colmey won't go to reset interest rates higher uh probably this recovery is going to end the way most postwar recovery of ended values in some sense of overheat at some point i do think wages and inflation probably rise above three percent and um i think that's going to cause a major reset in the 10year yield probably above three percent as well and unless you have some you'll buffer whether that be from credit or whether it be from structure uh i think it's going to be a very damaging position to be in in just nothing but high quality uh paper the other thing about sprouts is typically uh although there tight today and i would agree with that um i think that they probably stayed relatively tight until the recession risk it's pretty close um and so even if they don't tightened further for me her uh you could still have uh uh excess return and in a in a buffer against rising yields um e even if they just hold it there at the current tightness of of spread that they could be uh possess today jin said something that was actually inside of radical you think inflation is going to pick up three percent that's radical and very different lord a lot of people are saying look gives you confidence that that will happen well um uh you know the the range on inflation that we've had over the last.
"three percent" Discussed on 1A
"Heather i while it's definitely being seen as a as a bigger and bigger problem in a bigger and bigger factor in sluggish economic growth and there's some good studies by emmanuel says out in california and he continues to look at this inequality question how much wealth is held by the by the top 1 percent are he really breaks it down to even the top point oon percent and it's it's almost as bad if not worse than it was in the 1920s and so we saw a little bit of a dip over time with things seem to be getting better in this serie 60s 70s 80s and now we're right back to where we were and in that really unequal period in the roaring twenties lorraine also mentioned that population is not growing like it did post world war two and we also don't have the economic boon i hate to say like this but of a world war walked economies are often driven by armed conflicts around the world so heather this is a very different economy than it was in the 40s vat is the 20s are this is this is brand new yeah and i think that's one of the problems with trying to lift the playbook the reagan playbook reaganomics playbook and trying to use and again today as as some you know the baby boomers in the 80s were in their twenties and thirty so they were just getting into their prime in the workforce years now they're in their sixties and seventies so they're starting in their retiring in math similarly the debt level when reagan was president when he got an office was about twenty five percent debt to gdp now we're sitting in around seventy to seventy five percent debt to gdp so that's why you do see a lot of concerns about whether these bills are going to add to the deficit what's that gonna music constrain growth for our kids and our grandkids.
"three percent" Discussed on 1A
"Yo yo everybody stretch armstrong my name is bobby ghazi aka cool bob love if you love this podcast you're listening to check out our new show was girlish stretch and bob lido this is not your average its view show we're going to be tell us stories that you're not going to hear anywhere else final apple podcast the mpr one app or however you find your pockets bits what's good this is one a i'm joshua johnson we're talking about the trump administration's vision for economic growth now known as magnum x with heather long and economics reporter for the washington post and james pathak lucas and economic fellow and columnist at the american enterprise institute eddie contributor to cnbc let me get to a few more questions and thoughts from some of you before we continue with our next caller andrew asks would three percent annual economic growth be sustainable over a long period of time if we were to grow by three percent each year we would be looking at an economy that would double in size and a quarter century or your quipped to handle that or would it be too much water flowing through to smaller pipe all man jess that's what that's what we want we want we want economic growth caused by the fact what becoming more productive and that score require a whole portfolio things tax regulation public investment education that's what we want if it's comes because were trying to juice up the economy by just cutting interest rates and flooding the economy of money and printing money while no we don't want that we want we want high sustainable growth.
"three percent" Discussed on 1A
"While there may release stood a redesigned social security medicare to grow at one percent of fortunately the way we designed or social safety nets and the reason why our government is having such a hard time right now is because over the last sixteen years the only two years the we actually achieved gdp over three percent was two thousand a foreign two thousand five an iron wanna get in the why is it was a bad reason but we look at our economy today and social security was designed for assistant were older workers would retire and they would avenge see start drawing on social security at everdiminishing ray wall new workers were commended the economy and grow at an everincreasing rate and i urge of guy heather long's common earlier uh you know about that we have an ageing workforce and things like that but i got to be honest i just don't buy um in the reason we may account for maybe about half of the people falling out of the workforce today but the you six number is staying pretty persistently at about nine percent while went number would we brands i'm sorry to could show but i i want to make sure that we pilaf that point as well about the workforce 'cause we got another question about workforce well gretchen on facebook asked what about the impact of automation what about worker training and retraining brian before i come back to you about that as it relates to your business i i don't recall from the magna makes oped that budget director mick mulvaney put in the wall street journal a whole lot of talk about workforce training innovation james correct me if i'm wrong i didn't hear much about no there are a lot of things that weren't in that added that you wouldn't that you would naturally think and if if you're talking about an economy in 2017 the wouldbe words not mentioned in innovation.
"three percent" Discussed on 1A
"Mats message kinda packs a number of things in their one is the carbonbased economy coal and renewable energy and then also wealth and whether or not people will be reinvesting money or just shareholders putting more in their pockets but lemme peel off the top of mats comment is three percent the right number brian i wonder what you think of that number of three percent is that the right target or or woulda amino re attainable target make more sense i think that we should be shooting for five six percent of your land at three percent that's great i mean the fact that we can grow a threepercent is authentic i mean i'm actually looking through some of the data wrote down here in 1930 four during the that so the great depression we grew at ten point eight percent and it we can't hit three during the 1980s a little more modern times it's called that through deaths in spanning a gun to the reagan administration we grew at an average of four point six percent and a lot of times where i hear from older people is that same argument was made after the cardi years that you know we have an ageing population although the dog greatest generation was starting to retire uh we're not gonna be able to move any faster than that but we were really in a pickle here is a country well because lawyer very different economy today i mean when the stock market crashed in 1929 the dow jones industrial average was twenty to forty six as i speak it is more than twenty one thousand six hundred so we're a very different economy today ten percent of a small economy and two percent of a gigantic economy art apples and oranges.
"three percent" Discussed on 1A
"Well ad last week we got the latest read from the there's a small business survey across the nation some tens of thousands of small businesses respond once a month to a survey an end confidence is way up compared to where it was a year ago said there is a lot of hope and momentum towards believing that trump and magnum x will deliver of what brian once the fewer regulations more bank loans and lower taxes or at least tax reform of some sort but that confidence is also just hit the lowest point since trump became president so they're look i think people are stein the look at the gridlock in it's happening in congress and they're starting to fear is any of this going to get done i mean brian just said the number one for him and his industry and construction would be an infrastructure bill there's that's that's just one sentence talking point right now there is in either isn't a bill there isn't any momentum on that and so that's where people are starting including small business owners to get pretty darn nervous i will say brian spot on a about the bank loans and and particularly from smaller and regional banks feeling i in in the aftermath of the doddfrank there was a lot of people rightly in congress rightly wanted to come in and do something to prevent a financial crisis of that magnitude from ever happening again but there has been a lot of second ahmic studies and defend chair janet yellen last week in her testimony to congress reiterated that yes the federal reserve this america's central bank also believes that we need to dial back.
"three percent" Discussed on 1A
"Housing start so essentially since that time we've actually grown in population by almost one hundred ten million people so despite this enormous population growth rashly building less than a third of the houses we built almost forty five years ago mmhmm and so the really you know that my hear people say that we can't reach three percent at in my mind is a business our on see that as pathetic gives a sense of what you encountered in your business your your construction company during the previous administration the are there any particular aspects of what you encountered under the obama administration that you see different from the trump administration that you think all worth remembering in terms of the future of our economic policy absolutely uh during the previous administration the way that the obama administration tunnel look at the economy is they decided that they were gonna make government be also visions for all people the way they decided they were going to pay for this was the wealth redistribution not wealthcreation one of the problems that we've had is in a period of nature years the debt grew almost nine trillion dollars it's ordinarily would be okay however we should have seem quite a bit more economic growth from that level of government deficit spending as we saw during the reagan years for instance but to really put it out there was what we've actually done his handcuffed the economy in my business when i go to the bank and try to get along instead of asking me how many years have been in business home many crews though i have what do i have for plan to equipment what do i have for trucks tools what capacity do i have what do i plan to do with the money these ten the not be the questions at the bank's actually asking me a actually under doddfrank we've actually seen the banks almost twenty two percent of their hiring is actually through compliance off just and the reason why that is so devastating to businesses like mine.
"three percent" Discussed on 1A
"But i think the other wind the word government policy can have a big impact whether taxes or regulation is trying to encourage companies to invest in the future and one of the big conundrums coming out of the great recession is why companies are doing so much research and development wire why aren't they investing for the future joining us now on the line is brian de henault president of b c construction llc it's a licensed building company located in clinton township michigan this just north of detroit he voted for president trump and he says he thinks magona mix is a good idea for economic growth brian welcome to one a israeli me so house business these days or you on pace to do three percent this year quarter of a better than that record rigobert ten fifteen percent excellent xi been a big pick up since january it's been birdie nossa support now solve a made me run off from the drop off we had in the last quarter of last year by the first quarter this year was pretty phenomenal for januaryfebruary to construction business talk about what you think is the strongest piece of this magnum excite dea is there one aspect of it in particular that you think is the biggest boone the biggest benefit to the us economy our hair of course i might be biased because a work construction but the effort structure spending uh aspect this is probably the biggest piece um you know is actually going through quite a beautiful a sadistic seer and kind of israeli not much good to say about where the canneries banikanta really go back to how their wong here economy in real dollar terms once you exclude inflation hasn't really grown in almost sixteen years so we can go back even to the bush era but housing starts in the most recent statistics available may seventeen were one million ninety two thousand which normally when be all that bad until you look at the chart you realizing that housing starts in october nineteen 72 were two million foreigner and 85000.
"three percent" Discussed on 1A
"Now whether or not you think it's delusional there have been few economic plans reaganomics trickledown economics that can become kind of an albatross around the neck of an administration especially if they don't hit their target right well i mean to some extent you right this is cover branding exercise in all like reagan than not call her didn't calls program reaganomics ryan so right and maybe maybe trump didn't like trump onomic ciller branded it as a magona mix and right so he they're setting a goal of the single three percent growth which of course gives your critics a a very easily understandable yardstick and which to measure whether you've had a successful ministration out so if the economy does not start growing at three percent fairly soon uh assuming that trump get some portion of economic agenda then you can say well listen you've been a failure that you gave us you gives an exact number then you've fallen short that number therefore your program has not worked how does in your view james how does magona mix compare at least on a silver fisher level with reaganomics obama nommik what are the big differences similarities what is basically is mostly traditional republican economics cut taxes deregulate a restrained spending but then there is the little bit of the trump twist which is um you know trade uh more protectionist trade stance a public investment in infrastructure and then even and then even like on their strained spending this this plan is not so much worried about you know reducing the future cost growth of social security and medicare that's that's kind of like the paul ryan wing so it sort of reagan.