Explain how. Guest if you go back to 1980, and you were thinking about the future of americas cities, you would have seen, potentially, a very bleak future. That was the time when, particularly our urban cores, cities like new york city and los angeles, were in the middle of a bona fide crisis. You had seen years of deindustrialization ravage the working and middleclass publishings of those cities, and you had seen an enormous middleclass flight to other regions entirely. That was very hard on the Fiscal Foundation of the cities and also the civic life of those cities. But then, in fact, you saw a tremendous renaissance over the subsequent decades. That renaissance was not even. You did not see it in every single American City, but you did see it in a handful of cities that had a renaissance in governance. The Manhattan Institute, where im president , was very deeply involved in an urban renaissance but one thing we have been arguing for some years is that, wait a second, everyone. We
Mary, what does ill tell us it tell us about the economy . Mary i think its good news and what we had to say in all of this is we are not getting back to february any time soon because unless we have the virus basically solved, there are lots of economies that are not going to open and the fact that we are doing better than just threading water here, make gains, thats good news. In the in the half halffull camp i would say theres less momentum. We had better momentum in june and may and we are still down 13 million jobs and as we try to get below 10 unemployment, now at 10. 2, thats where it becomes more difficult to restore those jobs short of a vaccine. Paul jason, it would seem on marys momentum point that the flareup in the summer to have virus in the south and South Western States did seem to slow the growth of of jobs, you did see a lot of restaurant jobs, a lot of Leisure Hospitality jobs come back but theres still millions that that are on the sidelines. Bill yeah, striking in
And dave helping us keep the conversation alive. Tonight broadcast in a future close captioning services. Captions will be amenable once the city is uploaded to our youtube page which we will do as soon as we can. Upcoming events include tonight appearance by former labor secretary and noted economic explainer robert rush come Washington Post advice columnist eric thomas, joe on the future of nuclear u. S. Policy. Bearing witness to the end of the ice, another installment of our earshot jazz live at the foreign series this saturday as well as a few very exciting confirmations to be announced in the coming week. Were adding new programs every day as well as new releases being, news events being released as podcast. Many of our past talks are available in video a podcast form on our Digital Media library. In short look at the meat medip on her home page. As for two nights that katherine will speak about 25 minutes when shall be joined by david who will post his own questions before a q a
Mary, what does ill tell us it tell us about the economy . Mary i think its good news and what we had to say in all of this is we are not getting back to february any time soon because unless we have the virus basically solved, there are lots of economies that are not going to open and the fact that we are doing better than just threading water here, make gains, thats good news. In the in the half halffull camp i would say theres less momentum. We had better momentum in june and may and we are still down 13 million jobs and as we try to get below 10 unemployment, now at 10. 2, thats where it becomes more difficult to restore those jobs short of a vaccine. Paul jason, it would seem on marys momentum point that the flareup in the summer to have virus in the south and South Western States did seem to slow the growth of of jobs, you did see a lot of restaurant jobs, a lot of Leisure Hospitality jobs come back but theres still millions that that are on the sidelines. Bill yeah, striking in
Mary, what do you make of the jobs report and what do you have to tell us about the underlying strength or weakness of the economy. Mary i think it was very good news and it beat the estimate and i think what we have had to face in all of this, we are not getting back to february anytime soon unless we have the virus basically solved, there are lots of parts of the economy that are not going to the fact that we are doing better than just treading water that we made some gains, i think its really good news. In the half cap i would say theres less momentum, we had better momentum in june and in may in terms of adding new jobs, were still down 13 million jobs and i think as we try to get below 6 unemployment, right now at tenpoint to percent that will be where it becomes more difficult to restore those jobs short of a vaccine. Paul jason, it would seem on marys momentum point, the flare up in the summer in the virus in the south and southwestern states did seem to slow the growth of jobs,