Plunged with elections just 4 months away corona in the usa trumps downfall. And. Thats our topic today on to the point of very warm welcome and here are the guests who will answer that question its a pleasure to welcome dan hamilton hes a professor for Political Science at Johns Hopkins University School of advanced International Studies hes also currently a robert bosch fellow in berlin and he says pandemic recession systemic racism all made worse by President Trump it is a combustible brew and its a pleasure to welcome our few carnatic he is chief europe the chorus to correspond. For politico and his view the pandemic has trumps waterloo the main question now is not if he will lose but rather by how much. And were very glad to have. Nelson on the program she is Program Director at k. C. R. W. A Radio Station based here in berlin partners with American Public radio and she says Donald Trumps performance retarding cofield 19 may not matter because recessions lead to reelection losers.
Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
Plunged with elections just 4 months away corona in the usa trumps downfall. On. Thats our topic today on to the point of a very warm welcome and here are the guests who will answer that question its a pleasure to welcome down hamilton hes a professor for Political Science at Johns Hopkins University School of advanced International Studies hes also currently a robert fellow in berlin and he says pandemic recession systemic racism all made worse by President Trump it is a combustible brew and its a pleasure to welcome ask you kind of chick he is chief europe the chorus a correspondent for. Politico and his view the pandemic is trumps waterloo the main question now is not if he will lose but rather by how much. And were very glad to house or ryan nelsen on the program she is Program Director at k. C. R. W. A Radio Station based here in berlin partners with American Public radio and she says Donald Trumps performance regarding cofield 1000 may not matter because recessions lead to reelec
Of the coronavirus, the slow sometimes bumpy reopenings across the country, to say nothing of the protest and a lot of people on wall street say hey you arent jiving with whats happening on main street and then low and behold we get this stunning jobs report that changes the equation and has people thinking that you know what . Maybe the markets have been right all along as they again tease record territory, virtual ly all of the s p 500 sectors are advancing right now, and the rate on a long bond here a 10 year note as is better known, man oh, man thats practically hyper inflation. Were just around 1 ,. 93 who would have thought a year ago if i were to give you a quote like that that id say it is rocket ing backwards, but it is, especially from where we were, not too many weeks ago remember we were darn near 0 they were talking about negative rates. Were not out of that mathematical woods here but it does change the overall sense of where were going with this market. Jackie deangelis
Work. Just since january state revenue has seen become declines in tax. That has created a deficit of 54 billion. The numbers are just staggering. Good evening and thank you for joining us. Some of the biggest cuts are in healthcare and education. School spending is the largest category in the states general fund. Lets get more from News Reporter breaking it down for us. The governor is proposing cuts including a 10 salary cut for state employees as well as pulling back new programs. Saying if President Trump signs the heros act certain cuts would be immediately halted. We are at the time that is simply unprecedented. Governor announcing his plan to balance a 54 billion deficit in light of the covid19. The numbers have certainly changed. Our values remain. Nocore values. Public education, public health, Public Safety and those hit hardest by covid19. Existing reserving, funds and referrals and tax credits will close the gap. California will pull back new programs. The remaining 26 solu