Own cash. If youre not gonna put your pride away, well, then im not gonna do the deal. Its not always pretty. Are you okay . End it. But this is business. You gotta trust the process. I do it to save jobs, and i do it to make money. Thats all you. Yeah, buddy. This the profit. [hiphop music] 10 miles outside of my hometown of chicago, located in morton grove, illinois, is the home of athans motors. In 2009, pete athans, a car enthusiast and successful real estate investor, who made millions flipping houses, sunk his entire life savings into building his first car dealership. I created a place where you want to hang out, buy a car, sell your car. Cars worth 30 all day, wholesale. Service your car, or just come by and have a cup of coffee. The project took 18 months and cost more than 4 million to complete. Ive spent all my cash building this place and trying to keep it open. Come on. 1,300 in one month . And its hard to get more money to buy vehicles. Were scarce on cars. Pete hired his
well they re, they re certainly surprising and they re worse than the forecasts had predicted. but at the same time, what s really surprising, i think, is just the extent, you know, the, the depth of the slow down. it was obviously partially because it is largely because of the lock down in the, in the major cities, but it hit retail sales which were which the government has long relied on to to problem the economy. things like passenger car sales at em, 47 percent. and then, and that sort of feeds into other areas. for example, you know, the passengers, the car sales falling so much that accounts for so many jobs. so we have this problem with on employment as well. rising and the figures the worst in 2 years. but when you think about it 2 years ago was also pandemic related. you know, so really, these are, these are the worst in, since they ve been records in china, particularly because unemployment age is quite recent in china. so we re looking at all sectors of the economy
Investigative journalist focusing on terrorism in the middle east region come at a moderator carla thorson, Senior Vice President of programs and World Affairs. We are recording tonight program so please take a moment to silence your cell phones. Im a Program Officer at World Affairs. If you enjoy two nights discussion and your interest in learning more about the organization i will be around after the program so please introduce yourselves. I would now like to turn over to our moderator, carla thorson. So good evening everyone and thank you for joining us. Its my great pleasure to introduce our guest this evening, jere van dyk, a journalist, author, and cbs news consultant who covers afghanistan and pakistan. He has authored a book called captive, my time as a prisoner of the taliban, and another work in afghanistan. Hes also written for such publications as the New York Times, newsweek and national geographic. And in 1981 1981 while workinga correspondent for the New York Times, he l
Good evening. Were deeing highed have join us erre van dick, investigateoff journalist focusing on terrorism in the middle east region and our moderator, Senior Vice President of programs at World Affairs. Were recording tonights program so please take a moment to silence your cell phones. Im tim, the Program Officer here at World Affairs. If you enjoy the discussion and are interested to learn more about the organization, ill be around after the program. I want to turn it over to our modern rater. So, good evening, everything, and thank you for joining us. Its my great pleasure to introduce our guest this evening, erre van dick, journalist, author and cbs news consultant who covers afghan and pakistan. He has authored a book called captive my time as a prisoner of the taliban and another work in afghan. He is also written for such publications as the New York Times, newsweek, and national geographic. And in 1981, while working as a correspondent for the New York Times, van dyk lived w
Areas of most concern, burn areas of the Santa Cruz Mountains in the north bay, rain coming, jesse gary is live in the Santa Cruz Mountains. All of those burn zones and rain coming they must be worried. Reporter that is exactly right , you can see the scorched hillsides all around me. Its loose a lot of spots, coming down little by little and others, add the rain you talked about to this dangerous mix and you could have bad situation that turns much worse. Volunteer firefighter Jennifer Garner smith taking the rough and rugged route to eyeball a problem off chiquita road. Hotspot still smolders, 18 days after the loma fire started. Fires are common, burnedout areas, so its not an emergency we just washed. Reporter she is also constantly peering upward at loose dirt turned into a slide danger waiting for the right amount of water. Although fully contained the loma fire burned over 4400 acres, a total 12 homes destroyed, many more damaged. There is a burn spot above, were trying to seal