Headlines cover up the real story what is happening in this country . With us, john lonski, chief economist at moodys and rich lowery, editorinchief at national review. Lets look at some of the headlines from todays jobs report. Here is how the editorial pages recovered it. Finally, market returns to 2008 peak. Todays payrolls exceed 2008 peak. Major milestone. Back to precrisis levels. Yet, the market is hitting these new highs. You know look, the economy should be growing. The population is growing. It is six 1 2 years later. Shouldnt news be better than this, john . The question is, we had 750 billion of fiscal stimulus. We had zero Interest Rates for a long time. The fed has engaged in quantitative easing. And it took us 59 long months, nearly five years, to get back to where we were at the peak of the previous cycle. Let me show you how this compares with the past. That previous recovery, 2002, 2007, under president bush. Was previously the softest recovery since the second world
Headlines cover up the real story what is happening in this country . With us, john lonski, chief economist at moodys and rich lowery, editorinchief at national review. Lets look at some of the headlines from todays jobs report. Here is how the editorial pages recovered it. Finally, market returns to 2008 peak. Todays payrolls exceed 2008 peak. Major milestone. Back to precrisis levels. Yet, the market is hitting these new highs. You know look, the economy should be growing. The population is growing. It is six 1 2 years later. Shouldnt news be better than this, john . The question is, we had 750 billion of fiscal stimulus. We had zero Interest Rates for a long time. The fed has engaged in quantitative easing. And it took us 59 long months, nearly five years, to get back to where we were at the peak of the previous cycle. Let me show you how this compares with the past. That previous recovery, 2002, 2007, under president bush. Was previously the softest recovery since the second world
Headlines cover up the real story what is happening in this country . With us, john lonski, chief economist at moodys and rich lowery, editorinchief at national review. Lets look at some of the headlines from todays jobs report. Here is how the editorial pages recovered it. Finally, market returns to 2008 peak. Todays payrolls exceed 2008 peak. Major milestone. Back to precrisis levels. Yet, the market is hitting these new highs. You know look, the economy should be growing. The population is growing. It is six 1 2 years later. Shouldnt news be better than this, john . The question is, we had 750 billion of fiscal stimulus. We had zero Interest Rates for a long time. The fed has engaged in quantitative easing. And it took us 59 long months, nearly five years, to get back to where we were at the peak of the previous cycle. Let me show you how this compares with the past. That previous recovery, 2002, 2007, under president bush. Was previously the softest recovery since the second world
The staff, public, and i hope that we achieve that and i think that we should spend more time in what the process that you should define which may be more than just commenting but besides the cac and whether we do the hearing and i think that it will be helpful to the process and that we can have a dialogue, as i said everybody in San Francisco loves the water front and thinks that they own it but they need to understand what is realistic and what it be balanced and need to do and we have a fiscal responsibility as you know i talk about the financial all of the time and we have a tremendous responsibility to figure out how we can maintain the water front as well as, there is no separate plot to go to, and we have to figure it out ourselves. Thank you. And you know, and thank you, and end was noted, and we did not receive this ourselves really until today, so i want to just highlight one line and i think that we will start the nature of my remarks, which is on sent to us and the first p
And new meaning, next time you checked into a place you might be greeted by a google blast of smart watches. Not science fiction. Already happening at some of Virgin Atlantic checking desks. All aboard, countdown to the closing bell starts now. Liz the nasdaq up 46 points, good afternoon, everybody, im liz claman. It is the last hour of trading, and stocks are rallying for the fourth straight session with the dow jjst breaking through the 16,000 level. After a day for the history books on capitol hill. Right now we are up more than 200 point offense the Dow Jones Industrials, and you can thank janet yellen for much of this rally as she becomes the first female fed chair to give testimony to lawmakers. She made it quite clear she will stay the doveish course set by her predecessor, ben bernanke. She specifically used the word continuity in stressing the fed will stay on the path of trimming its bond purchases, but she said the recovery is, quote, far from complete. Investors took those