S p up s p up and the dow indicated up look at what happened overnight in asia. The nikkei opened up in europe where there is active trading, youll see green ar owes across the board. The ftse was up more than half a percent. Youll see at least the 10year is yielding 1. 8 big news, weworks board now weighing two competing Financial Rescue offers. Expected to accept an offer from softbank to take a controlling stake in the company the decision could come as err will early as today the are rescue package from sofk to buy up to 3 billion in shares held by other investors they would also put together 5 billion in loans sources say theyll pay the founder adam neumann up hundreds of millions to leave you are paying him twice. Hes the only one who has made money on this deal. Meanwhile, theyll begin layoffs almost immediately of almost 2,000 people. One of the reasons they delayed the layoffs is they couldnt afford the severance youll wait here for adam neumann to go home im told that will ke
Mr. Doar good morning, everybody, and welcome to aei. My name is robert doar and im so pleased to have you all here this morning for this important discussion of education in the United States. We are particularly gratified and happy to have the secretary of education, betsy devos with us, her husband dick, couselor to the president Kellyanne Conway, a great honor to have them all here for this important discussion of a topic thats particularly important to aei and our education policy team. And were also pleased to have, i like to say that aei is a washingtonbased think tank, but were not a washingtonfocused think tank. And so we have three distinguished leaders around the country, from tennessee, arizona and pennsylvania, and they will talk about how some of the issues in washington affect the children and parents in those parts of the country, and really, thats what our discussion is all about. How can we make our schools better. Now, a little bit just to give a sense of how i come
Us, her husband, counsel to the president , Kellyanne Conway. Important to have you all here for a discussion on a topic that is particularly important. Have io pleased to like to say that ai is a washingtonbased think tank, but not a washington focused think tank. From tennessee, from arizona, from pennsylvania, they will talk about how some of the issues we are talking about in washington affect the children and parents of schools in those parts of the country. Really, that is what our discussion is all about, how can we make our schools better . Now, little bit about just to give a sense of how i come to this issue and look at it and why i think it is so important. Some of you may know that i spent 20 years in the social Services Departments of new york state and new york city working on antipoverty programs. I was focused on the various issues with our ways in which we help people get into work and get out of poverty and move up economically. Those things were important. I always k
Pleased to have i like to say that its a washington based think tank. We have from arizona, tennessee and pennsylvania, and they will talk about how some of the issues in washington affect the children and parents in those parts of the country and really, thats what our discussion is all about. How can we make our schools better. Now, a little bit a sense of how i come to this issue and why i think its so important. Some of you may know i spent 20 years in the social services in new york and working on the ways we help people get into work and out of poverty and move up economically. Personal responsibility, work, work supports, those things were important, but i always knew there was another domain, another domain of activity that was equally important to our safety net programs. Maybe more important in our safety net programs in helping struggling families moving up and helping their children move up economically and that was the world of education. And no one has done more, it seems
They know nothing after a day where the nasdaq climbed. 30 , although we were much higher most of the day, this feels like one of the moments where the bulls are trying to have it both ways on a bunch of key issues. Thats not good. Some things are mutually exclusive. Today was a goodlooking day that was actually quite ugly yes, the inside didnt lock like the outside. And you know i dont think you should judge a book by its cover. I know hope springs eternal. But today we saw too much hope too much hope springing eternal. And some of these hopes simply cant be reconciled. So they wont work in the end. What do i mean you cant have the bank stocks keep going up while the financial tech stocks also go up its either one or the other, because Portfolio Managers only go all in on fintech when theyre scared to own the banks. You shouldnt have a rally in old tech coupled with a rally in new tech that doesnt work. They tend to trade in opposite directions today you had the soft goods stocks runn