One more of a Market Structure issue. Thank you, very much. The time of the gentleman has concluded. The next two questioners, i believe are both voting, and at the suggestion of that we are going to take a ten minute recess and then we will reconvene. When epidemic first hit, my district in new jersey was in the eye of the storm. The second highest rate of cases in the country, and supply and protective gear was uncertain. Health care providers and the supplies went out of in a matter of days. I call in this administration to use the defensive protection act, americas 90 factor in the past equipment it is ready to keep fighting the pandemic. Using the da is crucial and fighting against covid, i was just surprised as many of us when the International Development finance corporation, the fc, announced that they would issue their first to be a long board, what 755 million to kodiak, who is not even a pharmaceutical component. The dpa finally you utilize for something that has left bankru
You informed on overwhelm. Were all in this sphere and together to make it through. To save everybody Stacey Stacey stay safe the priest insists a. 2 trillion dollars of dodgy cash flows at some of the worlds biggest lenders and thats despite Financial Regulation the data leak reported over the weekend has triggered calls for an e. U. Wide Anti Money Laundering Authority to talk to an expert to find out more also coming up good and bad news from the aviation sector ed boss reveals plans for its 1st 0 emission aircraft i know times announces that more cuts due to the pandemic. And bikes are looming council. Why is keep up the demand to go to taiwan war. What counted up your business im going to johnson the lender to have you with us now theres nothing wrong with money wherever it comes from and whatever its used for at least that seems to have been the motto for some of the worlds biggest lenders including germany stacia bank a network of journalists has uncovered trillions of dollars o
Anniversary with a call for unity but the world body is far from united on a number of global issues including reforms that are needed to keep it relevant. And racing against time to test a new australian rescuers are trying to save these pilot whales after they became a wound in Shallow Water about 25 tired been freed but more than a 150 remain stranded. Im sumi so misconduct good to have you with us countries across europe are scrambling to contain the corona virus pandemic after a surge in new infections british Prime Minister Boris Johnson is expected to announce an early closing of bars and restaurants targeted lockdowns took effect in spain on monday strands of seeing massive spikes in infections and increasingly full high. Spittles here in germany the city of new nick is stepping up its measures after becoming one of the countrys main hotspots masks will be compulsory in busy outdoor parts of the city center and authorities will further restrict public and private gatherings. In
Hi im max kaiser this is a kaiser report you know things are not what they seem. To say. Well max youve often talked about the me mcconnel me and the you know the economy getting ever lighter and lighter there are more and more intangibles and this is shown in this chart 84 percent of the s. And p. 500. 00 assets are now intend to fools this is a chart of the corporate Balance Sheets are more knowledge driven s. And p. 500. 00 Company Assets in trillions of dollars and as you see the tangible part of companies they just increase slowly since 975 when 17 percent of a companys assets were intangible back in 1075 and now its 84 Percent Companies used to make stuff and they had the value terms of the factories and their employees and their trade deals etc but now we have a situation as the chart shows 84 percent of the value intangibles or the Knowledge Based on knowledge so take a look at tesla for example they must has knowledge about how to go on joe rogan and promote his means he has k
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a