delivery to compete with amazon. it s also bolstering its toy offerings and expanding customer service. speaking of toys, this will be the first holiday season without giant toys r us, thousands of former workers will receive severance from a new $20 million fund. toys r us went out of business in march. 31,000 jobs were lost. two of its former owners, bane capital and kkr, said up the fund to help laid-off employees. the move is considered rare among private equity-backed companies that file for bankruptcy. even so, the amount falls well short of the $75 million workers rights groups says employees are owed. tough holiday for thousands of workers across the country. fortunately there s a tight labor market in this country. you know, i was just covering the wildfires. an abandoned and empty toys r us became the site for a donation distribution center. good to see that space being used for something positive. early start continues right now.
post-gubernatorial and i want to talk about the gubernatorial years, you re working at bane capital, which became famous in 2012, when mitt romney was running. and it raises this issue about what you would get if you did decide to run for president, about how you can be the committed progressive and the committed capitalist at the same time. well, first of all, nobody s a cartoon. i m not a cartoon. and i don t fit in a box. and i think, you know, as a point that came up when i was running for governor, and i it s a point i made in response. if you want someone who fits in a box, i m not that guy. one of the reasons why i got interested in impact investing and why we are explain that. yeah, so, impact investing is the notion that you can generate
in this state, in the summer of 2012 with one mention. bane capital screwing you, this hedge fund guy killing you. and a lot of those voters who voted for trump in 2016, that message rang a bell with them and they crossed the aisle and voted for obama a bunch of them and they returned to the fold in some ways in 2016. the problem is that trump is not on the ballot, romney is not on the ballot and obama is not on the ballot. it is a guy named balderson. balderson doesn t have the message. and that is the age old message that works in midterm election. it works until it doesn t work. you are the opposition party and
rally in west virginia thursday night. the stock market rally more on friday. the dow closed at its eighth straight record high. the president hailing yet another bumper jobs report as well, and a million new jobs have been create the on donald trump s watch. meanwhile, unemployment is ticking down. so how much does this have to do with his presidency? and what else is at play in the economy? austin, president obama s chairman of the economic advisers and professor of economics at the university of chicago, and ed is the author of the new york times best seller upside of inequality, former managing director of bane capital. austin, if i said to secretary clinton before election day, here s where you will be as president six months in, 209,000 jobs created in the latest report, a million on your watch, 4.3% unemployment, the dow at
foreign policy. he had one great comment this guy spent his life traveling around the world making deals for bane capital. do you think he does what he does if somebody said to me steve rattner doesn t know anything about the world, i would say are you kidding me? he, like mitt romney, is a businessman who is traveling all over the world. mitt romney hasn t been hanging out in what did hillary clinton have? hillary clinton was a senator for eight years and served on the armed services committee and had a fair amount of exposure. i like mitt romney. i think it s a good pick. bane capital didn t operate all over the world consistently mostly a domestic u.s. firm. i m not qualified to be secretary of state. i never interacted with them on any diplomatic level. if you look at his work at bane capital and he did do a lot of international work.