We wrap up the moves and unforgettable second quarter. This is bloomberg surveillance. Im Francine Lacqua with tom keene in new york. I would suggest the markets want direction. Politicians in this country just want direction. The European Union is looking for a little bit of leadership. Tom i like what you did there with the end of the quarter. I do not realize that there is a Republican Convention in 18 days in cleveland. I do agree with you, we have almost lost track where we are in every institution. Maybe we will have some clarity. Francine mario draghi has not lost direction. Yes to look at inflation. He has to look at inflation. What central at banks need to deal with, maybe it is a little bit of the beginning that we are starting to see green. This is prebrexit. First lets get the bloomberg first word news with nejra cehic. Nejra in the u. K. , conservative candidates are making their pitches today to succeed David Cameron at the partys leader. The next Prime Minister, youre se
This week on cue and at politico editor Susan Glasser and New York Times chief White House Correspondent peter baker who are married talk about their careers and plans to move to israel. Cspan Susan Glasser editor of politico why did you get into this . Guest what an exciting way to earn a living while learning something new every single day day. Always wanted to be a journalist. Right nowhere did you start . Where was your first journalistic experience . Guest you know i remember being 10 years old and handing out copies of a newspaper that my parents founded the legal times at the ada convention here in washington one summer and probably ever since then. Cspan how long did they own legal times . Guest they started it in 1977 and their Company Owned it until they were subsidiary of harper grace and all Publishing Firm sold in 1986. Cspan who is the first person that taught you what journalism is supposed to be all about . Guest you know whats funny there was a famous teacher at the hi
Daschle hammond likened the season in which people knew for the hippie or stereotypes about to be, but i really wanted with season of the witch to tell the history of the city as Daschle Hammond might have written it, with the same sense of the citys toughness, of its mystery and of its kind of rugged atmosphere. Many people forget that San Francisco before the 50s era was a tough Irish Catholic, Italian Catholic town, very traditional in many ways and the first wave of hippies who came to this city really have the drawbridge pulled up on them. Many of the kids couldnt get treatment when they had drug drop bombs and other medical problems. They were given the Cold Shoulder by the city and city officials. The cops were after them. So that was only the beginning of what became the first first culture wore a pink right here in San Francisco. Americas first culture war was a civil war within San Francisco itself between these new social forces that began squeezing in the 1960s and 1970s wi
Which gives you an idea of the distance between washington and business and what its production possible in this country. In the end, seven minus right. Already by the time bombs on pearl harbor, american wartime production is already approaching the level of germany. Already approaching the level of nazi germany. Its going to gear up even faster, but the basic structure, with knudson. Remains the same. If you dont do it from the topdown, with washington tried to give orders, and is demanded of the new dealers had antiwar productions our, someone who would have this kind is wizard of oz, handson autoloaders and make the decisions in measure output and allocate resources from a centralized bureau. He said no, this has to happen from the bottom up. You dont shut down civilian production right away. Add the military orders on in fact yours begin to convert to meet the contracts and demands of the contracts and pretty soon youll be able to have a process in which the conversion to wartime
To produce more. A limit on the sick classic example. Huge shortfalls before the war begins. By 1942 is reaching critical factors and are wondering why we have all these great restraints on whats been used for civilian manufacturing. The fact was what got reynolds, alcoa and other Companies Online producing and speeding up the process as one war production board official put it in 1944, weve got a limit on coming our ears likewise the steel, critical to War Industries. Its ration supplies with god and of course real solution was the Technological Breakthroughs coming like electric furnaces which would send production skyrocketing is applied not just us, but all allies with it. Webber is another classic. You need rubber for tracks. You need advertisers and other things. Lets try to scrap rubber. Versatile secretary of interior was placed in charge of that effort. Were going to convert all of our tires and so on. Dont make any more new tires. Well convert it all here heard of courses tau