Society in general has actually quantify how much just how much of trillions of dollars has been transferred to the top one percent who own the vast majority of stocks and bonds so how much of the stock markets rise over the last 11 years is due to q e here is an estimate the s. And p. 500. 00 would be trading closer to 1800. 00 without fed bond buying says society in general right now is at 3500. 00 it should be at 1800. 00 if it werent for the fed buying up all the basically the bad assets off the banks Balance Sheets this has a lot of implications ok so without the money printing the markets would be 5060 percent lower thats point number one point number 2 is that asic until in fact that means that myself i own stocks bonds and gold and because that means that the markets exist as a transfer mechanism so the fed cant just print money for me individually they print it so that executives buy back their own stocks of stocks that i own in the night benefit accordingly and as you point o
Of Sonoma County. The man that lives in this home is calling firefighters heroes. All of these vehicles on his property owned by his brother and by him were lost and so was his brothers home but his home was saved. He watched at firefighters battled the flames in incredible winds. He says what they did to save other homes was heroic. A chimney tower from this once proud chalkville hill road. A neighbor said it looked like arrows of fire were flying at him as wind gusts launched burning embers towards him, his home, and the antique jeeps parked next to his home. It created a tremendous problem for the firefighters. Fire was spotting well out ahead of the main front. Reporter kincade Public Information officer fred woods has been taking media tours into the burned areas all day but has been here since the weekend watching the fire fight and agrees with that neighbor, the effort to save homes was heroic. So far the fire has destroyed at least 96 homes. When you drive these homes and see h
And new view from the top. Only on cbs this morning, we go inside a major new upgrade of the Empire State Building, giving visitors a soaring new perspective. When you were down there, wait until you get here. Plus, how the iconic skyscraper has shaped american culture. Its friday, october 11th, 2019. Heres todays eye opener, your world in 90 seconds. The whole entire sky was red and orange, and there was smoke everywhere. It was just crazy. Wildfires rage across Southern California. This as criticism grows over power management. Whats happened is unacceptable. A powerful snowstorm is roaring through the great plains and the central rockies. In colorado, snow and freezing temperatures turned the roads into a mess. I thought wed getting a dusting. This is a lot more. I dont know about them. I dont know what they do. The president denies knowing the two Business Associates of his attorney Rudy Giuliani who finance violations. Ampaign buckle up. In minneapolis the president unloaded on jo
Firefighters tell me has burned today. And there was a structure in there, as well. That may bring our structure loss total up to four buildings. The places evacuated south of the incident and over here west of the incident. We are on dam road, which is about here. Now, i tell you, that is about a threemile distance from the ridge line. One of the concerns were talking about is the ash and the embers. Our equipment, you can see just the amount of ash that was collected on this gray foam and if theres an ember in that, it could really ignite this grass. Firefighters say its 100 assurety that if an ember falls, it will ignite the grass. Thats why theyre having such a problem with containment because of the dry conditions and because of the drought and everything takes so quickly. There are a lot of communities right now that are on advisory. They are onned a evacuation advisory. And there are mandatory advisories, as well. There is a long list and cal fire and the Sheriffs Department are
Hartman, pace communications, kelly services, thank you, carl for everything you do, the independent womens forum, Arizona State university, the aerospace corporation, and the [inaudible] [inaudible] and the Thunderbird School of Global Management and the National Aeronautics association. Our sponsors, lets give a round of applause for all our sponsors. We have a terrific lineup over the next two days. We will have conversations on the new administration and congresss first 100 days, we will look at the prospects for bipartisanship or as we heard earlier, bipolarship. The outlook for tax reform, immigration, infrastructure, a few little issues we are dealing with as a country. We will take a step back from Public Policy and discuss issues of Corporate Governance policy which has been a long focus of cd and our colleagues at the host it. E will we honor ambassador Barbara Barrett and we will present her with the leadership interest award followed by a conversation with barbara about her