To zero. Beautiful day outside. Ill start by discussing the federal reserve. It just happened minutes ago, but it makes me very happy. It makes me very happy and i want to congratulate the federal reserve. For starters, they lowered the federal rate from what it was, from 1 to one point 25 , and 0. 25 . Down to 0 , to so 0 to 0. 25 . Thats a big difference, quite a bit. And in addition, very importantly, the federal reserve, they are going to be purchasing 500 billion of treasuries and 200 billion of mortgagebacked securities, and that number can increase, but they will start with that. Thats really good news. Really great for our country. Something that were very happy, i have to say, im very happy. They did it in one step. They didnt do it in four steps over a long period of time. They did it in one step, and i think people in the market should be very thrilled. Were the strongest country in the world by far, financially and in every other way, and that brings us in line with what ot
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Beautiful day outside. I think we have some great things to talk about. I will start by discussing the Federal Reserve. As you know it just happened minutes ago but it makes me very happy. I want to congratulate the Federal Reserve for starters they have lowered the fed rate from what it was, which was one to 1. 25. It has been lowered down to zero 0. 25. Zero to 0. 25. The Federal Reserve will be purchasing 500 billion dollars of treasuries and 200 billion of mortgagebacked securities. That number can increase but they will start with that. That is really good news. That is great for our country. That is something we are very happy. I am very happy. They did it in one step. They did not do it in four steps over a long time. I think that people and the markets will be thrilled. That brings us we are the strongest country in the world by far financially and every other way. That brings us in line with where other countries are. Actually have negative rates. We got it down to potentially
Aljazeera. Today on the front its now officially a pandemic so how do you stop the spread of the corona virus and a year on from the massacre of muslims in christchurch how big is the threat from white nationalism. The corona virus has now hit every continent except antarctica on wednesday the World Health Organization officially declared it a pandemic so how do we stop it to discuss this im joined by Eric Feingold doing an epidemiologist and visiting scientist at Harvard Health economist and senior fellow at the federation of american scientists eric thanks for being on the show very rarely do we have a story like this that affects every corner of the world all of our viewers watching out front on almost every continent theres a tendency when we talk about story this big for some people to say you know what you guys are overplaying youre overstating your hyping it up the media is exaggerating and sensationalising what do you say to them i think theres absolutely no hype to this becaus
Global marketplace. Last year, the wall street journal called the decline of europe as the force in World Affairs the most consequential shift of the last hundred years and there is some truth in that since world war ii declined and its also true that the Economic Growth has been compared favorably with that of the United States and for example with china or india. And of course efforts to maintain an Economic Union within europe have been more complicated lately with brexit as we all know but still i think professor anu bradford sees things differently and in her new book, the brussels effect the European Union rules the world come here and also back there and you must have a copy, professor bradford argues the eu is an economic superpower and it continues to yield unilateral power and regulating their market and that is a phenomenon called the brussels effect. So what does it mean, many examples to shape policies and areas data privacy, Consumer Health and safety, antitrust and you r