What is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very Heart National will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political environment but the partisan rancor
Welcome to your world this morning im John Henry Smith and stephanie has the day off and faithful celebrating christmas and the day traditions say jesus christ is born and also praying for an end to a jeer of year of violence and suffering. Pope francis delivered his traditional Christmas Mass to tens of thousands listening outside in st. Peters square and asked for reconciliation in the middle east and in africa. Translator only gods mercy can free humanity from the many forms of evil, at times monstrous evil which spawns in our midst. Reporter meanwhile in the syrian capitol damascus the Christian Community celebrated christmas overnight, hundreds lined the streets to watch fireworks and sing carols not far from where the syrian army is fighting antigovernment rebels and christians makeup 11 of the syrian population many of whom fled since the start of the war, in the u. S. President obama and the first lady put out their holiday message a short time ago. Today like millions of ameri
United states . We have some great champions of Small Business on this stage. I want to work with them and with others to clear out the brush, to get the credit flowing again to get more people with those good ideas a chance to be able to start and grow a business. My dad was a Small Businessman, and i deeply respect that entrepreneurial spirit. Were also going to have to tackle the tax code with all of its inefficiencies and all of it unfairness. I know what a big undertake can that is, but right now, its really stacked in favor of the wealthy. All of the loopholes, the deductions, whatever it is that enables somebody to escape paying their fair share, the wealthy pay too little and the middle class pays too much and i have said, i think the middle class deserves a raise, not a tax increase, and i will not raise taxes on middle class families because they have to get back to where they were before they fell into that ditch of the great recession. [cheering] but you know, if youre thin
Coldblooded, systematic killing of civilians. Its prayer not protest as Michael Brown is laid to rest. The value of this boys life must be answered by someone. The ukraine president dissolved parliament. A column of russian tanks and vehicles near a border city. Russia denies knowledge. Francis hollande dissolves his government. A rare copy of a superman comic book sells for 3. 2 million, the highest price paid for a comic book. Adult women playing video games outnumbered teenage male planes. The reason is candy crush and the kardashians. We begin with the latest on the international communitys push back as the Islamic State Group Continues a campaign to consolidate and expand a califate in syria and iraq. Is was condemned for appalling and widespread crimes. Targeted killings, forced conversions, abductions, trafficking, slavery, sexual abuse, the destruction of places of significance. That includes the Yazidi Community in iraq, besieged on mt sinjar after is massacres leaving 5,000 d
Killing of civilians. Its prayer not protest as Michael Brown is laid to rest. The value of this boys life must be answered by someone. The ukraine president dissolved parliament. A column of russian tanks and vehicles near a border city. Russia denies knowledge. Francis hollande dissolves his government. A rare copy of a superman comic book sells for 3. 2 million, the highest price paid for a comic book. Adult women playing video games outnumbered teenage male planes. The reason is candy crush and the kardashians. We begin with the latest on the international communitys push back as the Islamic State Group Continues a campaign to consolidate and expand a califate in syria and iraq. Is was condemned for appalling and widespread crimes. Targeted killings, forced conversions, abductions, trafficking, slavery, sexual abuse, the destruction of places of significance. That includes the Yazidi Community in iraq, besieged on mt sinjar after is massacres leaving 5,000 dead. Is also persecuted