Your question widgeon at the bottom, you can see more people are really ask questions. And you can answer questions and you can those on the questions that you are most interested in hearing your author sensor. And lastly, just a reminder to everyone that you busiest but cannot see you. So feel free to relax and accountable. So without any further ado, is my daughters to introduce stephanie kelton. She said that State University of new york right and columnist. Modern terry. Tonight were also lucky to be joined by Patrick Carter who is a senior reporter. It was congress, the white house and economic policies. Tonight will be discussing his book, the crisis piece, money democracy and the life of john. Without any further ado, heres zachary and stephanie. Hi everybody it is really nice to be with you and i want to start by talking to stephanie about her book which is called the deficit myth. Stephanie la care about is when i listen to the commentaries and talk about debt and deficits. Th
With debt service and costs that are higher than profits such a fundamentally important char american corporations are increasingly doing business only as a side possible to their real purpose which is transferring cast from lenders to looters remember the lenders are you know that all of those bonds thats being transferred to the Zombie Companies and theyre looting well you know this goes back to something weve been saying for a number of years now that corporations only really have a profit in terms of what they can engineer on their cash desks as theyre called right so you have like a Car Companies in america they start making money making cars they made money leasing cars and then taking the income from those leases and building derivative portfolios and ponzi schemes and then the executives of buy back their own stock and then the options go up in value and they all become billionaires somehow magically not knowing why even though their Car Companies were losing money and losing m
And then pinned to the ground by Minneapolis Police. Four officers have been fired tonight, and the f. B. I. Is investigating after cell phone video showed one of the officers with his knee on George Floyds neck for at least seven minutes. Even after floyds body went limp. Tonight prosecutors are protesters are gathering outside of the restaurant where it all happened just a week after minnesota lifted its stayathome orders. The incident comes as much of the country is grappling with the fallout of a memorial day reopening that saw Many Americans not socially distancing. And at least 27 states are seeing increases in cases ofaih coun00 deathsrom the virus. Tonight nearly 99,000 people have been killed here in the u. S. There are close to 1. 7 million cases nationwide. There is a lot of news to get to tonight. We have team of correspondents standing by. Cbss jeff pegues is going to lead off our coverage tonight from minneapolis. Jeff . Reporter norah, there is a growing crowd of protest
Pete, i begin with you buffets gone. Are you staying around you know, it is disappointing. Its something thats a bit of a surprise, quite honestly we know what a hit the airlines took it was very clear and how the numbers look right now and some of the Recovery Period was he getting out on the lows i think there is some upside right now im only in the options for delta. They had a great run up until we found out the oracle was bailing. They cut that back a little bit. Bren, you have a small position in delta as well. If this is a statement this group of stocks is uninvestable, if the greatest seller sells out completely and who knows what prices he got out but thats statement in and of itself absolutely. Its a statement the buffet backstop is out of the airline stops. Were practicigmaticpragmatic. Were not dogmatic we will move out of this Airline Position because theres a ton of other companies that will not have this negative head wind we just dont know the trajectory of the u. S. Ec
Event the National Book festival . Nice. Nice to see that. Welcome back. And how many of you have attended one of these dash book festival presents . Good, keep coming back. We like you. Thank you so much. [laughing] welcome to the library of congresses National Book festival presents, a vibrant new series of programs inspired by the National Book festival and t to bring you into the heart of this historic, dynamic institution, the library of congress, joe national library. Library. This is a brandnew effort through which we helped to spark conversations, engage, inspire and entertain you with some of the most diverse, provocative, and notable writers of the day. In every program that we put before you, save from the childrens writer to a conversation with the haitianamerican one of the literary novelist, to the program you have come to hear tonight, we need to connect the works of living writers to a larger history, a deeper understanding. We delight in making those connections for yo