With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic
And grew up in a lower middleclass family in california. He went to the local college, whittier college. And went to Duke University law school in the worst years of the great depression. The second world war, he joined the u. S. Navy. You can see the photo of nixon as a young navy officer. He served with distinction in the pacific, getting the right equipment to the right place at the right time and was given a series of commendations by his commanders. He was also a very talented offr player turn on his hours and he had a great ability to bluff. That is a valuable quality and someone undertaking Foreign Policy at a high level. Been46 after he had demobilized from the navy, nixon ran for congress. You can see the poster from his first election campaign. Ii veteransld war were elected into congress and the senate. Was nixon, one was john f. Kennedy. One was joe mccarthy. Career,arly political nixon rose very rapidly through the ranks. He was an odd anticommunist. He worked very hard to
Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Its really just a milestone. We have a lot of work ahead of us knowing the vaccine is going to be effective is great news, but we still need to complete the regulatory process, which involves completing the study, generating more to follow safety. And then of course, we need to get busy manufacturing and the New York Stock Exchange has just opened in the last minute or so, and its up one and a quarter percent already, 366 points improving numbers on that vaccine news from a downer if europeans government is sending reinforcements to its rest of Northern Region forces are appealing to the International Community to condemn the offensive, but the government has ruled out mediation efforts. Armenias, foreign minister has resigned after days of protests against a peace deal with azerbaijan, but Prime Minister and they called refuses to step down. He has defended the decision to hand back parts of not going to cut about, but has taken responsibility. Talk about libyas future of ended withou
Partnership with National Security advisor kissinger. Im going to share the screen so we could look at powerpoint pictures as we go through the sequence. First of all, here is president nixon himself. He had been born in 1913. He grew up in a lower middleclass family in california. To dukeated and went University Law school. This was in the worst years of the great depression. The mid1930s. During the Second World War he joined the u. S. Navy. Nixonuld see a photo of as an officer. He served with distinction in the pacific. Noncombat but as a logistics expert. Getting the right equipment to the right place at the right time. He was given a series of commendation from his commanders. He was also a very talented poker player. He had a great ability to bluff. That is a valuable quality in someone who is undertaking policy at a highlevel. In 1946 after he had been demobilized from the navy, he ran for congress. On the right, you could see a poster from his first election campaign. In 1946,