President sounded like he was giving his last state of the Union Address rather than one with two years left in his final term. President obama delivered a self assessment, set out an agenda over the next two years and developed plenty of time of what he called middle class economics. The speech was barely open when there was questioned whether such a thing existed. As an approach, as policies, as politics. Whats middle class economics . Well lift the lid and look at the parts this time on inside story. The verdict is clear. Middle class economics works. Expanding opportunity works. And these policies will continue to work. As long as politics dont get in the way. President obamas state of the Union Tuesday zeroed in on helping americas middle class but just skimmed over his administrations tax reform plan. It would include raising the Capital Gains tax from 24 to 28 . Close certain tax loop holes including for cooperate jet owners and charge banks a fee of. 07 if they own more than 50
President sounded like he was giving his last state of the Union Address rather than one with two years left in his final term. President obama delivered a self assessment, set out an agenda over the next two years and developed plenty of time of what he called middle class economics. The speech was barely open when there was questioned whether such a thing existed. As an approach, as policies, as politics. Whats middle class economics . Well lift the lid and look at the parts this time on inside story. The verdict is clear. Middle class economics works. Expanding opportunity works. And these policies will continue to work. As long as politics dont get in the way. President obamas state of the Union Tuesday zeroed in on helping americas middle class but just skimmed over his administrations tax reform plan. It would include raising the Capital Gains tax from 24 to 28 . Close certain tax loop holes including for cooperate jet owners and charge banks a fee of. 07 if they own more than 50
With sue at the new york stock exchange. Hi sue. Hi,ty. And an accelerated slide in oil prices dragging stocks lower right now. The dow is down about 97 points on the trading day. As you mentioned, Goldman Sachs u. S. Equities strategy david costen explains why he thinks there could be an equity pullback next month. When we look at the data that has come out, we have for the last five weeks, the long positions are at an extreme. One of the highest extremes weve seen in a long time. And therefore, that would suggest that the u. S. Equity market is likely to experience a pullback some time in the next four to six weeks. And that would be pretty consistent with the magnitude of an extreme reading we see in the Commodities Futures Trading Corporation data. So, is mr. Kostin right . Lets bring in jeff hussey global chief Investment Officer at russell investments. Jim, ill start with you. What do you think of mr. Kostins comments . Do you think indeed we see that extreme in the commodity fut
This level particularly in northeast ohio so i think it almost comes down to which part of the city responsibility is being affected and how do they begin to compensate it by going to your network . Its almost thats whats happening in the entire country right now frankly. Washington like elvis has left the building. Different cities and metropolitan areas are getting to say okay you were not going to invest in transit, we will. Even though they are expanding our canal we will. You will not expand our activity to the world. We will. Its the same issue frankly at the local level for a whole range of different services. This is very hard. It is difficult but the resources and the expertise going back to what the mayor was saying about other alternative paths to finance the basis and the fundamental. They are there and we are going to invent it and we will replicate it. Jennifer do you want to add to that . Cities and metropolitan areas dont have a choice. They cant print money. They have
Now joining us from the Hoover Institution on the campus of Stanford University is abbas milani director of arabian studies at stanford and a fellow at the Hoover Institution where he is the codirector of the ivory and democracy project also the author of this book, the shah. When was the shot in power . 1941 and left 1979 and turned over tuesday Ayatollah Khomeini and willingly that i save the revolution was hijacked by the kurds. But his father was pushed of power and in the allied forces occupied iran 1941. The british in the soviets. The allies were worried that the shop was a little too friendly to the nazis. Depending on who you ask 3,000 german experts when the army suffered early defeat in that connected the persian gulf than they could resupply occupying a iran became a central. So let 22 almost reluctantly became the king. Host reluctantly . Guest at that time he was not anticipating this of the virtually occupied country. My sense of it it was not by inclination. Said those