A great show for you tonight lee camp sits down with b. J. Pushout a journalist and an author of 30 books a political philosopher and be executive director of the Tri Continental Institute for social research they talked about the failures of our government to deal with this crisis the demands workers should be making and much more than redacted correspondent Natalie Mcgill will talk about some mind blowing old news from Medieval Times the era the eatery then i will go into how big businesses are taking Small Business support good news for people who like breathing and how the virus is remaking the College Process College Education process but 1st lets go to that interview between we camp and v. J. The ship rashad thank you so much really there. Im a big fan of your writing you wrote an excellent article recently in which you said during a pandemic the private sector austerity model has fallen apart weve seen such a tremendous collapse of the capitalist state institutions that are supp
Can also feature is economists in a native speaker best selling author great having back on our show welcome. Oh actually it was a different show it was called so because now we do so because visionaries and years of true visionary when i hear your views and pronounces oh whatever is going on here were going to start with sweden your country so unlike other countries soon couldnt hire everyone it was sort of the entire single lockdowns oppose stranger social distancing measures against even chose every mild strategy schools open restaurants bars barbershops can bring in Swedish Health authorities stand by the response and they claim this measures are effective so thats true why arent other countries rushing to actually apply is what is approach well i think the reason is simple there are very few swedish people in france. Or in italy or interrogate you can only follow this principle that sweden this using in a country where you have a lot of swedish people why im saying this is because
January of 18 of 140 and surged to 327 before collapsing with the market. Didnt offer any defense, went down just as much as the market. Hit a 212 low and closed this week at 283. If you look at the next chart, this is important. If you are defensive or considered defensive, more defensive than proctor, apple sells off 35 . Offering no defensive qualities. And now having rebounded 35 , but youre not back to the high of course. Thats the nature of percentage draw down and ricochets. Final chart, this is a twopanel chart, and this really tells the tale what we see is apple on top, but its relative performance to the nasdaq 100 continues to stall. And by my work, that is its problem, and i think one is right to be skeptical going into the earnings print this coming week all right, carter, so we go to mike. Whats your trade out of this . Yeah, so its interesting as far as im concerned apple, this obviously is a company with a fortress balance sheet, and a lot of Technology Companies some w
A somewhat different way as compared to germans the russians or through or french or any other people so years ahead that could only were applied to sweden because swedish people have heightened sense of responsibility and social awareness and no other country would be able to seriously folly because it will end up in china things i mean theyre pretty much will bank they do everything theyre told to add dont see an injury or people breaking the rules. And yes they do but here you can do it with rather its only a recommendation you dont even need a little you can actually recommend people to do things you can propose people to do things and they will go with you and as i said the central word here is trust the fact that you trust the person that recommend you to do certain things and then you will go with the person since your trust the person or the authority and here we know from research that sweden together with maybe just pan. To certain extent korea had a situation where you have
Only given consideration to more recently because of the phenomena. Well end up meeting the ceo a couple of months or whatever after we have made an investment it puts greater burden on us for Due Diligence and for the backgrounds of the people who are involved and the experience. Its probably going to end up with some good results actually. Thats interesting. Weve had some discussions on air about the degree to which lack of persontoperson meetings means can you close on a house, can you close on a transaction, but youre saying its not necessarily a deal killer it definitely is not. I think that will be for early stage companies. The Later Stage Companies where theres more substance involved and theyve been around longer is a bigger problem. Were in the early stage, a round, b round, period i think well have less of a concern about that we also obviously are focused a lot on follow on rounds for our existing portfolio which is fairly extensive at this point hi, alan, its jon fortt, go