And if you have been following the news in recent years, i imagine that you, like me, have found it difficult to ignore the topic of refugees. This is an image of a refugees experience, fleeing communist vietnam in 1975. In many ways it reminds us of images that we might see on the news today. Its hard to ignore the human stories of families perishing at sea. Refugees are suffocating in meat trucks. Theyre crowding onto leaky boats. Theyre drowning. The bodies of those who are unable to cross to safety are washing up on mediterranean beaches. And refugees have been in the news for the past few years, particularly related to the crisis in syria, but refugees are being uprooted by conflict all around the world. So were not just talking about refugees coming from syria but from other wartorn regions. Especially in the past a couple of years, it has also been very difficult to ignore the public response to refugees. And Refugee Resettlement, like so many other topics today, has become a po
China appears to get a handle on its Health Crisis we look at how the communist Party Leadership is trying to change the narrative on the source of the outbreak. Im sumi so misconducts good to have you with us germanys Disease Control agency has raised its coronavirus Risk Assessment to high a spokesperson for the robert costa institute says stricter measures are necessary to contain the spread of the virus the berlin government is escalating its response foreign minister has warned against any unnecessary travel outside the country and he announced an unprecedented 50000000 euro operation to bring home all german citizens stranded abroad. Ministry of Foreign Affairs has agreed on a unique program with commercial airlines which will bring back german travelers from particularly affected areas within the next few days but we are talking above all about iraq of the Dominican Republic the philippines egypt and the moldy cheese in coordination with us the airlines will make flights availab
Any precipitous policy, at least not at the present time. How much more shock can this market take before theres longterm effects on the economy . What do you think . Look, the market the markets had a shortrun correction, and i guess its 10 or 11 or something. Weve been through this many, many times before. And i dont think even though its frontpage story and nobody likes to see their asset values go down, i just dont think at this point its going to have much of an impact. I will qualify that, depends how long this lasts, how deep it goes, but i could cite a number of historical experiences. The one i remember the most, i was a cub scout way back when, and i remember the 1987 market crash and i remember president reagan going out and saying the economic v economy is fundamentally sound, and it actually grew by 3 or 4 in the next couple years after this crash. President trump said it in this room two nights ago, we just think the economy is sound, and therefore i just dont think this
Hideous beatdown im going to make it real simple for you. The market is spectacular al beit mercurial fashion show. The same stocks that would strut down the runway greeted with oohhs and aahhs will be pelted by tomatoes. Stocks that have languished sell like hot cakes when styles change we call that a rotation on wall street. Investors are furiously recalibrating what theyre willing to pay for and just right now theyre happy to pay up for the stocks of solid companies with healthy dividends and ideally big buy backs. You know what . Theyve lost interest in the stocks of Fast Growing Companies when it comes to revenues. They issued huge gobs of equity and pay people or come up with bizarre new metrics or explain how theyre really doing okay even though they dont have much in the way of earnings if any. In other words, the cloud stocks are up salesforce. Com, adobe, workday, z scale, i could go on and on. These names were all smoking red hot and now theyre struggling you have to wonder
Professor, what is the structure of your newest book breathe. Fear, flight and fortune. It is a letter, a series of letters to my son but also a letter to the o larger world, bh about the reality of anxiety, the worry that comes along with being a parent of lack children in particular black boys at this moment in the United States. But also filled with my desire for them to lead a life of beauty and joy in excellence and self regard. Much of which i think has lessons for an extraordinary tradition we have. Where you come up with the idea to write your sent a lett letter. I actually have written him letters privately for years but my editor at the beacon press said is this something need be interested in doing because i talk about my children all the time. I write post about them on social media, initially, what we both had in mind was something that was a bit more lighthearted but then when i started to reflect on what it would mean to try to tell a story to them about my expectation a