economist from the left and the right, has said because of the recovery act, what we ve started to see is at least a couple of million jobs that have either been created or would have been lost. no, you lie. flat out lie. associated press came out in january of this year. they did a report showed that the 20 billion dollar federal surge of his stimulus did not create one new job at the local level. no transportation jobs were created. and it did very little for the construction industry. how he s going out with a second jobs bill, stimulus bill spending eight billion dollars on high speed rail that no one in america is going to use. joe biden calls it a down payment. he keeps throwing money at a problem and jobs aren t being created. sean: since all the meetings are going to be on
economist from the left and the right, has said because of the recovery act, what we ve started to see is at least a couple of million jobs that have either been created or would have been lost. no, you lie. flat out lie. associated press came out in january of this year. they did a report showed that the 20 billion dollar federal surge of his stimulus did not create one new job at the local level. no transportation jobs were created. and it did very little for the construction industry. how he s going out with a second jobs bill, stimulus bill spending eight billion dollars on high speed rail that no one in america is going to use. joe biden calls it a down payment. he keeps throwing money at a problem and jobs aren t being created. sean: since all the
. corporate debt. tesla is ten billion dollars in debt. net flix eight billion dollars. germany s leading shipping company is seven billion dollars in the red these are just three examples of loose lending never before have companies worldwide had such easy access to money as in recent years. according to a study by the mckinsey management consultancy worldwide corporate debt has increased to sixty six trillion dollars almost double what it was at the start of the financial crisis ten years ago. all the money that was borrowed has to be paid back if interest rates go up and repayment will be more expensive and may have to be counter financed with new debt if that gets compounded by an economic downturn many companies could find themselves in
korean history in his first court case he was found guilty of bribing then president park geun hay in return for political favors the appeals court on monday dismissed most of the charges saying lee was coerced into making the payments more than three million dollars for horse riding lessons for the daughter of one of president park s friends two other samsung managers also had this same commuter to probation leave the grandson of samsung s founder is estimated to be worth around eight billion dollars in two thousand and fourteen forbes magazine ranked him the thirty fifth most powerful person in the world. let s bring in. correspondent what s the public reaction in your part of the world. well it s a surprise all around even to lead himself as you can see from the video there s a lot of public outreach on the streets of seoul expressing this dealing with how the government is handling. reform with cheap balls all government or family owned
nobody can be denied coverage with preexisting conditions and we have a provision that says if you have continuous coverage, meaning as long as you keep insurance even with a preexisting condition, then a state can t even request a waiver to deny you coverage. so everybody is protected already. the real concern was the cost. so the experts were telling us about five billion dollars in those states that sought a waiver from certain provisions of the law would be enough to make sure you could truly buy down premiums so people with preexisting conditions could see their rates go down from where they are today. our members wanted to make sure we did even more, and so ultimately we pumped it up. instead of five billion we bumped it up to eight billion dollars which, again, only applies in the states that would seek a waiver from some of the provisions of the bill. ultimately everybody, even in a waiver state, has full protection if they have a preexisting condition already. we are focused o