But also workers scarcity has many faces out topic today then gradients to keep an economy running and what to do when supply is drying up economics of stastny and we start with shortages of stuff what can you do if you cant find enough people to work for you these days even god is looking for stuff while at least the organizations doing gods business down here on earth the Catholic Church is having problems filling the ranks of that nuns we went to a convent and western germany that is struggling to stay afloat. This isnt just a place for christian reflection and prayer its also a business. The team is made up entirely of women. That benedictine nuns and they run abbey. It receives no funding from the Catholic Charities it has to pay its own way and bear all the risk. Right now its main problem is a staff shortage. Why does the unit we dont have as many young sisters as we would like. 10 of the 27 nuns here are more than 80 years old and theres only one novice in training nance dont p
Six common pollutants, there they are going colleague from virginia, my dear friend, senator kaine. Just one thing i want to touch on before we have senator casey speak on behalf of all the coal miners that he represents in the state of pennsylvania. But on the black lung fund, a lot of people dont know the house of representatives basically two years ago passed reducing the fund from 1. 10 to 55 cents. I called over at the house and i said to my friends, my colleagues over in the house, i said you would think that we dont need the money anymore because weve cured black lung. Just the contrary. We have more diseases and more younger people getting black lung. Ill tell you why. When you have coal, you are cutting rock. And now were cutting and hitting into more rock than ever before. We have more young minors contracting that. And that 55 cents a ton means a difference of solvency or not in curing people or the federal governments going to have to step in. And the coal mining and coal m
Your local cable or is the provider. Cspan, your unfiltered view of government. Widener University Professor jordan smith talks about the invention of rum and its impact on the Atlantic World occurring the 17th and 18th centuries. We recorded the interview at the organization of american historians ian yul meeting in hiladelphia. Jordan smith, you are here at the organization of historians each annual meeting and youre talking about rum, why . Im working on a book project that exams the invention and production of rum in the 17th century and i think at the heart of this project one asks how rum was invented. Not in one moment but over a period of centuries as different groups of people from the americas, from europe and from africa converged and kind of combined their knowledge, cultures and experiences. And why rum . So i think whats really interesting about rum is its something that, if we look at the example of George Washingtons mount vernon, everybody is serving rusm. Its served o
An economy running and what to do when supply is drying up economics of stastny and we start with shortages of stuff what can you do if you cant find enough people to work for you these days even god is looking for stuff well at least the organizations doing gods business down here on earth the Catholic Church is having problems filling the ranks of the nuns we went to a convent and western germany that is struggling to stay afloat. This isnt just a place for christian reflection and prayer its also a business. The team is made up entirely of women. That benedictine nuns and they run abbey. It receives no funding from the catholic. It has to pay its own way and there are all the risks. Right now its main problem is a staff shortage. Why does help to hear if we dont have as many young sisters as we would like. 10 of the 27 nuns here a movement 80 years old and theres only one novice in training nance dont pay into the state pension fund so they dont qualify for an old age pension. The i
Example of an israel a shows clearly socialist Central Planning an expropriation very often creates short for supplies Energy Commodities that never enough it seems Market Forces are clearly stronger but that does by no means mean that in free market economy supplies always plentiful complicated mechanisms are at work here as our next report explains. What is a shortage economy. Imagine you go to the supermarket but the shelves are empty. And you go to a car dealership but you only get a car in 10 years you live in a shortage economy. Gary an economist janish korn i coined this term in 1980 in a critique of planned economies in communist countries. His thesis was that shortages in countries like cuba north korea or then east germany were intrinsic to the economic system. In these economies demands didnt determine which goods were offered at which price instead those decisions were made by the governments 5 year plan. And such plans often failed to anticipate demand or are simply unable