You were listening to 90.7 f.m. K p f k Los Angeles 98.7 f.m. Center but. Welcome friends to another edition of economic update a weekly program devoted to the economic dimensions of our lives our jobs our debts our incomes those of our children and those looming down the road and boy are they looming after the United States Senate passed an absolutely remarkable tax bill this last few weeks if indeed it took that many weeks I m your host Richard Wolf I ve been a professor of economics all my adult life and that in a way has prepared me to provide these economic updates to cover the events of the recent past and put them in some sort of perspective I want to begin with a struggle going on in the United Kingdom it pits on the one hand one of the largest banks in the world Morgan Stanley based in New York but a global bank like the monster banks of today usually are and an up and coming political leader in Great Britain named Jeremy Corbyn this struggle has been on folding for a while b
Holiday chore or. I or holiday play them less time in the kitchen and more time with family and friends. Than ever. Wall Street I m Michael Mackenzie Oh this is Bloomberg Surveillance on a day when. So much is happening we ve got the Senate moving forward on the tax bill we ve got North Korea in the news doesn t seem to be bothering markets this morning either one of those news story seems to be bothering markets s. And p. Futures up by 3 points now 10th of a percent Dow futures are up $310.00 futures up just about a 10th of a percent. Not moving a whole lot but to the extent they are they have gone up just a little bit so maybe reflecting some concern there big morning this morning Tom we have some big lines on the show you and I are the dumbest people in the room right now. On this. Yani verify will join us we get some economics to talk about today and controversy as well which I think willing. Gauge the mind towards. Some of these big issues of the moment big news as well overnigh
Or u.s. Allies but it does show that North Korea continues to develop its missile capability that s despite a campaign led by the u.s. Aimed at cutting off funds to Pyongyang and isolating it diplomatically President Trump has reacted to the launch by telling reporters it is a situation we can handle according to a White House spokeswoman Mr Trump was briefed on the Dawn Schwall the missile was still in the air the secretary of state Rex Tillerson has issued a statement saying the United States strongly condemns the launch the Senate Democratic leader in the United States says Democrats and Republicans need to come to an agreement on legislation to fund the running of the government in order to avoid a shutdown Senator Chuck Schumer was speaking after he Representative Nancy Pelosi pulled out of the shadow of meeting with President Trump to discuss the issue but speedy after meeting with President Trump the Republican Senate Majority Leader Mitch McConnell accused the Democrats of wha
If your name is a familiar name yes maybe I guess but yeah I m a producer at Freakonomics Radio and Gregg you are what might be called or at least I might call you this a real fan of economics yes but you say that s accurate or not yeah I mean you know on a typical Friday night if it s going well I don t open up a micro economics textbook and just know I m a huge fan of economics I studied in grad school I remember when the 2 of us were at the American Economic Association annual meetings in Boston you looked like you looked like my daughter to one direction concert. You were you were into it yeah I was very into it. All right so in your studies having studied econ and Public Policy at the Woodrow Wilson School at Princeton correct yeah that s right so in your studies of economics you have surely come across a character that s kind of a model for how a condom Mr economics predicts that humans behave who s known as homo economic a c.s.t. Member reading learning about him absolutely I m
Coming up with solutions to the world s problems this week I m joined by our reporter Harriet noble high today or so I ve been to meet a man who scars tell a story last year. He was asked must occur. Over here this is covered in the meantime with the dragon but there was a I started a list of some of the German right this is in guy he showed me where he s had his tattoos removed or covered up he s a foreman the I not think leader who s joined forces with a police detective who wants arrested him to help other right wing extremists reintegrate into society so far they ve helped nearly 700 people leave the neo nazi movement and we ll find out how in world hacks to the b.b.c. News. Hello I m Eileen McHugh with the b.b.c. News Zimbabwe s former vice president him as sin man and God we re whose sacking by President Mugabe triggered a military takeover there s only his former boss to resign immediately Mr Mugabe is still defying demands to resign and has insisted that a regular cabinet meet