Weve gathered and the ideas we are going to be discussing. Welcome to the committee for responsible budget for thostherf you who do not know if they Nonpartisan Organization the board of directors or people many of whom are with us today who have run all the bigbudget institutions in washington so the federal reserve, the treasury department, omb, the Budget Committees comes of a. To try to have a realistic understanding of the budget improvements are going to be needed to improve the fiscal situation in the country and to trick yo to have in a bipartisan way it kind of understanding of how hard it is to make these traces but there are so many reasons they are necessary to keep moving the ball forward. With that said i will say it is a rough time for the budget policy this country. Nobody should be under the impression that the Fiscal Health of the country is good. It is not. Our debt relative to the economy is twice what its been on average. We are on track to bother us to be 10 trill
Were speaking on the social media level about it, underlying all of that movement are the issues that you brought up that are important. Income inequality is a huge problem in this country. I dont think anyone in this room would argue with that. But the way this generation is choosing to move behind it is in a different vehicle than perhaps generations before us. Yeah, maybe in the front. [ inaudible ] im intrigued the facts you gave around the millenials core issues and for policy global warming, Climate Change and nationally around income inequality, and given that dem graphically, millenials will be the dominant generation over the next ten years, what are the panels views on the Political Landscape and the future Political Landscape of the u. S. And the impact on policy particularly related to those two issues . I think money and politics really shakes my view of the Political Landscape. The confluence and emergence of super pacs, it does affect whos running for office. Well see th
The things that the occupy movement brought up, whether it means the affordability of college, right . The 1 . Those things are still happening. I actually think the movement is still continuing. Maybe its just different. That is whats different about our generation. Were still the civil rights movement, unfortunately it still has to happen in our day and age. Im sure during lbj and Martin Luther king jr. s time, they would have never wanted us to continue to have to fight that. We see it today. Through the eric garner stuff. I want to ask. I get asked by friends all the time, who are overseas, living in arab countries, they cant understand after the arab spring why young people dont stand up more and protest, and arent out in the streets. If the situation is really that bad, why dont we speak up. Is there something to this point that young people just engage differently when they want to make their voices heard and not maybe in the 60s sensibility of what it meant to be an activist .
It is 8 00 a. M. Across the emirates. Is just goneng, it midday. Welcome to Bloomberg Markets middle east. Sinceg the highest levels july 2015. In rising, japanese markets gaining on the back of what happened in the u. S. Overnight. That is what is right. The big news yesterday is that a 121yearold index with questionable ratings made it over round number. Do we care . Take a look at discharge. I prepared for you. It shows the Dow Jones Industrial in white versus the market cap waiting in blue. Weighted00 index is according to caps. The dow jones is a bit different. On a market cap waiting basis, we are not close to 20,000. How much should investors be reading into this . It is psychologically important perhaps, but does it mean anything for the market . Despite 20,000 record in the dow, we are seeing the dollar continuing to fall for a second session, despite the fact that treasury yields continue to rise. Right now they breached the 2. 5 level. Take a look at the chart. We are seeing
A one mile back up if you measure it out hoping it will be out of the way soon here, there is a lot of debris involved in the crash. Northbound bw parkway between the beltway and powder mill. We have the left lane getting by the paving there and taking a look at 95 in virginia. Quantico to the beltway going to take you 18 minutes and youre on time there. Remember to listen to wtop 103. 5 fm when you hop in your car. Especially about this problem on bw parkway because we have lanes, northbound lanes blocked. Southbound lane molette green is out on the scene right now. Tell us what is happening at this moment. Reporter quick update on this. All of the lanes southbound, northbound, back open as you can see behind me. All of the tow trucks are gone taking away two crashed up cars. One a cadillac, the other a minivan. What i can tell you is a couple involved in this crash say they just a few hours ago and they got hit by several cars. Park police did tell me only minor injuries involved in