How a looming down or full one may be a window into a much bigger economic problem in the us which points a dire situation as opposed to the rosy announcements thats made the Us Government on things like unemployment and inflation. First let me introduce our guests. An black, professor of economics and law at the university of missouri, kansas city, joins from bloomington, minnesota. Also joining us is daniel shaw academic and commentators. From new york, welcome to you both uh black, ill start with you, so you have uh the union and the companies uh remaining far apart terms of the autoworker strike on key economic issues, the ua president has said um that hes going to stick with that demand for 40 , pay hikes over fouryear contract uh the companies however have offered pay highs of about 20 . Thats the latest we have, whats your impression on it . Yeah, the uh absolute latest is uh the uaw has gone down to around 36 . Negotiate, you make smaller moves and take more time, by the way, the actually theres a settlement, with the Canadian Auto workers who are also part of the uaw, so the management it is, as you can see quite different in canada. What type of settlement did they reach with canada with canada . So they reached a settlement more in the lines of 25. Percent to 30 increase 5 to 30 increase okay uh thats over the period of several years right right um lets look at um one thing here daniel that perhaps you dont realize and this uh pretty much a flashback and thats going back to the year 209 um i dont know if you recall but gm was on the brink of collapse the ua the uaw agreed to let the company hired new workers at that time but at about half the hourly wage that that per and with skier Retirement Benefits and higher temp workers at even lower rates from what we understand and outsource more jobs abroad uh this is while the american tax payers forked over 10 billion to save the company uh so in a way they sacrifice themselves in order to get the company up and running um coming out of the uh the sorry state that it was in due to the financial crisis um do you think that the sacrifice that the workers have uh that they applied to themselves and then endured all these years is uh being repaid back in a proper way by not getting the pay increase that theyre demanding and thats why theyre still on strike, thats why the strike has expanded uh now to 25,000 workers, um, i think the contradictions are on full display, the ceos of these uh of of the big three Automobile Industry giants, their yearly salaries of between 25 million and uh 50 million just for these ceos, so the 25,000 auto workers, the uaw. Union is is asking, well where is the money, why are you so stingy with us . Weve seen that this has turned into um one of the biggest stories in the country with biden and and trump uh visiting the workers uh this week, as we know were gearing up for an election year. Uh uh next year, so itll be interesting to see what happens. William black, our guess the talked about the ceo pay, looking at what general motor ceo is making, its 29 million, ford ceo, 21 million, and stalanta ceo, 25 million, so these are uh, these are, i mean, pretty high salaries, im guessing, especially when you take a look at the profits overall of the uh, manufacturers themselves, where were looking at 250 billion. One particular stat, 1. 7 million were made off of each and every one of the workers, why are they holding out so uh much than when it comes to the workers . Oh, because they get the. Bonus in part by precisely those things that youve just explained, so uh, it is really important and very few americans understand that there is this uh twotier system uh that the companies insisted on and shamefully the federal government uh under uh president s bush and obama uh agree to of uh paying as you say new workers far less and uh also uh giving them much worse uh pensions, so uaws done two clever and appropriate things, one is it said, hey, we think our increase should be that of the ceos, after all, our workers were responsible for the ceos gains and the companies gains, and second, you need to uh be getting rid of this two tier system, because it penalizes in particular younger workers. All right, one of the things that uh, since were on this topic of ceos, um, daniel shaw, im looking at at just a reaction in terms of strikes overall in the us, id like to throw this at you, which came from hospitality worker, thats on strike, uh, she said, i think people all around the country here are just getting fed up with the corporations not sharing or including them into the profit or acknowledging our hard work that we put into the company, thats used to be sentiment that is echoed across uh variety of sectors, if not all sectors, of course this could be something that could happen all the time, but in this particular uh economic uh, guess atmosphere in the us, that rings a bell, what are your thoughts on that . I mean, why is it that uh, you know, were looking at the types of statements and viewpoints that we uh heard when you had the uh, zikoti park demonstrations that were happening back then uh in terms of uh um you the 99 versus the 1 . Because every day the class contradictions are sharper across us society and these workers are class conscious workers, they know that uh gm and and ford depend on them in in their labor and their back pain and their blood sweat and tears and the sacrifices that they make every day. If we listen to uaw president sean fayne, yeah he almost has a Bernie Sanders esk uh tone to him when he describes the billionaire class, the elon musks and the bill gates and how these individuals live when the vast majority of us, the workers who keep this country running uh depend a monthly check to see if we can pay our mortgage and get enough groceries and settle our uh medical bills, so when sean fane quotes the bible saying that its easier for camel to enter into through the. Of needle than rich person uh like these ceos to enter into the kingdom of god, i think that uh rhetoric there that anticapitalist rhetoric speaks for millions and millions of workers across this country. In terms of wage increase is um its its pretty incredible uh William Black when you take a look at the uh difference when it comes to the 1 versus the bottom 90 between 1979 and 2022 what i uh figured here through. Variety of resources, inflation adjusted annual wages of the top 1 rose by 145 , and then uh for the bottom uh rose by only 16 . Why such disparity . Okay, so yeah, the disparity is actually massively greater than uh even that number indicates, because it isnt so much the top one is literally the top 1,ousth of 1 . There the the gains are in the thousand percent range, however, the United States and what biden of course is calling biden nomics, turning around insult into a benefit, or as we as in economic ranks would call running the economy hot, um, has actually reversed for a time uh these slightly some of these longterm trends. In other words, real wages uh, despite inflation uh have actually started growing and by we the United States had record low unemployment and record low unemployment of minorities uh in particular, and thats why you see biden actually uh meeting, so hes the first president of the United States ever to join a picketline in support uh of a union and political dynamics are such that trump therefore stated to fake uh one where he pretended to meet with auto workers unionized auto workers in fact it was a scab plant. Uh working to uh try to break uh the strike uh so there actually have been some meaningful gains and uaw is trying to translate uh these gains into uh wages that are actually very strongly middle class uh type wages uh i can tell you i i grew up in dearborn a worked for Ford Motor Company my step dad worked for uh Ford Motor Company, my grandfather worked for Ford Motor Company uh and and such um so yes the the bottom 10 of the United States still in terrible shape um and again this gets political we took reduced Child Poverty in half now first if youre going to have a policy why not in Child Poverty why cut it in half but hey uh the republicans insisted on getting rid of that uh and we see in the new numbers that the the Child Poverty rate has gone up very substantially so this is intensely uh political and contested and its very unclear which way the elections are going to go United States on these issues exactly you talk you told number of issues that are really important there uh first of all uh inflation is very important and uh you talked about Child Poverty and id like to uh discuss that a white. Scale in terms of poverty in general, but daniel shaw, first lets talk about this inflation that the us uh pins the number at around 3 from what i understand, um world pay to have increased 5 , but we need to look at inflation, i mean youre in new york daniel shaw, maybe you can tell us uh, when you take it look at some of the categories, for example, very shocking uh to hear that uh in 2022, price of eggs in terms of the inflation was had increased 19 , oil fats had uh thing like um 2022 uh food at school 305 and the eggs were 59 . Mean what is the deal . What are we looking at . Mean you cant just say inflation what are they . What did i say theyre saying uh 3 i believe is what i said but really its that is it . Im sure when you go buy a pack cigarettes or when you go buy butter or margin its not just a 3 increase right . So im trying to see where im going this what is there in terms of that versus the way that average americans are earning . Yeah, based on uh your assessment of whats going on here in new york city, one would think that you here for the past uh, you know, four, five decades, because you describe all too accurately, uh, we hear all these fancy numbers in in in the mainstream media, but when we go to the grocery store, when we go to the pump, if we take our families out for dinner, we feel that pinch more than ever, and we know that the United States specializes in whats called atrocity propaganda, against their political enemies such as um russia or or venezuela or nicaragua, but i wish that the professor there in the midwest could give tour of what cleveland and detroit and chicago in the midwest uh looks like, after decades and decades of social uh abandonment, this was uh the thriving industrial sector of our job, and i think the foreign audience would find it unreal to see the images from gary, indiana, or flint, michigan and to see the. Complete social neglect uh than an entire generation of children or two generations now have suffer from. All right, William Black, im going to uh ask you the same question because really curious as to whats going on when it comes to inflation versus pay, what is it like there um in bloomington, minnesota where youre at, what does it look like . Does it look like you that is that its around the 5 mark . Yeah, i dont think youre going to like my answer, um, actually uh, inflation uh almost certainly is overstated uh and thats something that even conservative economists uh, and by the way, the politics in the United States is that its the democrats who want emphasize inflation isnt that big a problem, and its the republicans who want emphasize uh that its you know the biggest problem ever, and economists of course are overwhelmingly in the conservative camp, um, but i can go through the technical reason, but its probably you boring um, even conservative economists think that inflation is overstated by about one and a half to two percent, and the us has the lowest inflation rate of any major industrialized nation with a you know sort of capitalistikish type uh economy, so the pressure in the United States, politically is emphasize inflation and say therefore we shouldnt have social programs for the poor. So im often pushing in the opposite direction of where you you may think im coming from, and saying no, we need to be emphasizing poverty, and you know, my counterpart is absolutely right, i was born in detroit, um, and uh, ive taught for years in missouri, and uh, st. Louis uh, and detroit are two of the the huge cities, that but used to be among the five lar, depending on the time period, among the five largest cities in the United States, or the sixth largest cities in the United States, and now. They are catastrophically in terrible uh condition, for example, the uaw at peak had about 1. 5 million members, it now has 400,000 active members, but is responsible still for negotiating on behalf of retirees whose benefits the uaw still you know pushes for, number about 6000. That you can see that decline from roughly 1. 5 million to roughly 400,000 and thats actually a uaw number so that actually includes employment in canada which is quite substantial in the Auto Industry uh and puerto rico which is kind of the United States technical and uh in mexico. All right, well im glad you mention uh the points that you made about inflation because were just trying to figure it out really. I mean, daniel uh are. There says that its not as bad as as it that this as bad as some may make it, but uh, so what, what about the workers that are striking, i mean its not just the auto workers, im looking down a list of uh, some of the industies and some of the companies, i mean you had the screen widers, which appears that they reached some kind of agreement, you had starbucks employees, amazon workers, you have frontline workers, whether its nurses, hotel staff and pi, yeah the upss, which they reach an agreement if they hadnt, that would have been the biggest strike in us history. Or should i say the largest strike in us history so and and the news um reads that uh you know its strike season that the us uh strikes have made made a comeback mean so why are they out uh a striking is it not because of inflation obviously but because of their pay thats usually what its all about so how do you explain that . Yeah tomorrow will be the uh first day of strike to it seems october is gearing up to be a month of uh strikes, i think professor blacks Macro Economic analysis is um informative at the same time if we take a step back in terms of unemployment the New York Times will report this, the presidency will report that in the department of labor, but when we go into our communities, the reality is even harsher on the ground, because how many workers, how many families have actually given up, they no longer counted um in the actual statistics, so unemployment is often so much higher when you go through uh community is the black community that often those numbers are um under reported uh in terms of um the the strikes i think so many workers are again uh waking up to the reality of what these mass uh the automobile starbucks we saw the vast uh strike campaigns and in the fight 15 over the course of the past uh uh deck or so and and workers are demanding more because the economic reality is fighting and they can survive on what we survived on uh the decades past sure well i have to squeeze in uh this question because uh if i dont uh then my producer is going to get really mad at me its about the its about the Government Shutdown um were trying to figure out whats going on there and the last that we heard is uh that well what is the last heard William Black im sure you can give us better idea i mean are we looking at uh mckarthy doing his job or is he going to be . Out of a job if that thing with ukraine does go through . Well going to be out of a job, but in a broad sense hes been out of the job, in other words, hes never had the powers of a true speaker, the speaker of the house is the answer to uh, a trick question in the United States, whats the most powerful, second most powerful elected official in america . Its not the Vice President , its the speaker of the house, unless youre mccarty, in which case youre about the 20th most powerful uh person uh on your very best day and he doesnt have many. Days, so this is very bad for the uh economy, potentially, but worse, its very bad for precisely the folks that we have both been emphasizing, the folks who are you know not succeeding in america, who are in very bad condition, the government safety net is absolutely essential, and uh, again to get politics are important, the Republican Party actively want. To increase unemployment and poverty of infants and youth, its just staggering, yeah, well lets end it on this food. Assistance, im going to give you a minute there, daniel shaw, i have two pieces of stat to throw at you, one is the snap program where uh, i was shocked to to read that its 41. 2 million people, 12 and a half percent of the total total us population, i think thats skewed on the high uh side, but even if you go and lets say put it at 35 million, thats still a lot of people that need assistance for food, and the other stat i want to throw you is how much the us actually generates in terms of revenue, which is around 6. 3 trillion, but it is said that almost half of that goes on whats called entitlement programs. Now theres something really wrong if you have to spend that much on entitlement programs, not that im saying thats a bad thing for the ones that are getting it, and you have that many people who need food assistance. Whats wrong with this picture . And thats why so many people are asking, every year we hear these rumors about Government Shutdowns and it. Uh freaks us all out, but you never hear about their military aid to zelensky in kiev, that that money is never questioned, they just approved 21 uh billion dollars in additional funds for this proxy war in ukraine against russia and russias geopolitical interests, which means that the total amount spended now is is foreign excess of 200 billion dollars and thats the argument that were making that that 200 billion. Needs to be invested in snap and in different nutritional programs as well as uh education and other infrastructure programs in our communities. All right, were going to end there. Thank you so much. Daniel academic and commentator from dark, William Black, thank you for your contribution, professor of economics and law, university of missory, cansas city, blomington, minnesota. Thank you. With that we come to an end for this edition of the spotlight from me coverway and the team. Its goodbye. It means jacket this jacket ready, im lembatopic here on press tv, and i want you to join me for cats and dogs, the heavy show that makes light work of serious politics, thats press tv cats and dogs lembadopic, dont miss it. در سال ۸۱ سلول های بنیادی جنینی موشی رو و در سال ۸۲ انسانی تولید کردیم این در واقع یک پنجره بر روی ما باز کرد پنجرهی که در اون در واقع به سوی پزشکی آینده این پزشکی آینده یک بعدش به یعنی چگونه می شود که یک عضو معیوب را ترمین کرد و بعد انواع موله های بیماری رو رس می کردیم موشی که مدل آسیب مغزی بود یا مثلاً فرض آسیب عصبی بود یا موشی که مدل سکته قلبی بود کبدی نضایر این تا بتونیم این علم رو ترجمه بکنیم یعنی اصلاً ببینیم که این جواب می دهد در دنیای جانوری اگه جواب میده پس احتمالش هست که در دنیای آدمی هم جواب بدهد. بعد ها به خاطر اینکه متمرکز باشیم روی خاصی و جا اتفاقاً یکی از بیماری هایی که روش متمرکز شدیم بیماری پارکینسون بود که تقریباً حدود یکصد رو از جوامع رو در بر می گیره. کارهای رو انجام شد تو مدل موشی پارکینسون ایجاد شد و پیوند شد و دیدیم که ما بهبودو داریم. این کار چیزی در حدود تقریباً ۴ و نیم سال طول کشید. این بار یک سطح اومدیم بالاتر و دنیاایی میمون و میمون ها رو مدل پارکینسون کرد و این سلول ها رو بعد از اینکه در واقع ۱۹ ماه مدل پارکینسون بودن پیوند زد. ماه بعد از پیوند ما دیدیم که حیوانایی پیوند شدن مقابله با گروه که کنترل بودن که به جای اینکه سلول بزنیم در واقع یه ماده فرمایت کشت زده بودیم اینا بهبودی دارن نشون میدن و مجموعه عامل همه ما رو تشویق کرد که به این فکر بکنیم که این کار رو در سطح آدمی ببریم و بتونیم برای افراد پارکینگونی راهی رو داشته باشیم در سطح جهانی یکی از کارهای نو هست و تقریباً می تونم بگم که یه گروه آمریکایی یه گروه سوئدی انگلیسیی و ژاپنی تا الان این کار رو شروع کردن اگر ما هم انشاالله موفق باشیم برای حدود یک سال و نیم دو سال آینده این کار رو در عالمی انجام بدیم جز معدود هایی میشه کشورمون که در سطح جهانی این کار رو انجام داده و انشاالله راهی باشه برای درمان این بیماری من اومدم به شما بالای کوه با your headlines for this hour, ivan has once again warned that any geopolitical change in the carcuses will destabilize the region and escalate. The crisis. Iran special representative for afghanistan says the economic and Security Problems of the country are a result of 20 years of us led occupation. And the European Union promises to increase military support for ukraine despite russias warnings against western armed supplies to kiev