The play. This is about an hour and 15 minutes. Good evening. Thank you. My name is jim basker. [ applause ] it is my pleasure and privilege to welcome you all to the 1211th presentation of the George Washington prize on behalf of the three cohosts of tonights decent. The first, regent Barbara Lucas the vice regents of George Washington mt. Vernon, also president sheila bair, Adam Goodhart and the board of Washington College. [ applause ] and the cofounders and cochairs and all the trustees of the institute. [ applause ] founded in 2005, the 50,000 George Washington prize is sponsored by our three organizations and is awarded each year to the best work about the founding era. This is the first time the washington prize has ever been warded to a play. [ applause ] and i would add no one anywhere will be surprised that tonight it will be presented to Linmanuel Miranda for his astonishing hamilton. [ applause ] we will hear from lin miranda a bit later, but first i want to recognize some
The rev rand, john a. Boehner. Ladies and gentlemen, good afternoon and welcome to the u. S. Capitol. Thank you for being here to continue a great tradition. One that dates back before our country was even a country. The congressional gold medal represents the highest expression of the peoples appreciation for distinguished achievements and contributions. The first was George Washington and today, we will present a gold medal to members of the Civil Air Patrol with valor and dedication saved countless lives in world war ii. The Civil Air Patrol was organized some six days before the bombing of pearl harbor. Its members flew more than 24 million miles on coastal patrol. They summoned help for ships and survivors in distress, they spotted enemy submarines, dropped bombs, depth charges and some 64 americans died during these operations. Those who lived have quite the stories to tell. Many of them are with us today. Please join me in welcoming these american heros to our capitol. [ applaus
To the Market Reaction. The market seemed to rally on this news. Why do you think that was . Well, remember that this particular move was targeted way in advance, and the market had adjusted to it. The only question that was out there was what was going to happen subsequently that, not that you could actually make certain happen but with what the policy was. As it became apparent the fed was going to just raise the rates and then not do a whole series of rates, then basically the markets said uncertainty is gone. Therefore income earning assets go straight up. This is just a classic case. I ran into it many times in the sense that choices that we had were always, do you want the market to know exactly what the plans of the Federal Reserve are or not . It depended on a very, very technically difficult problem. How much risk do you want in the system . If there is too little risk, youre bubble creating. If theres too much risk, youre suppressing growth beyond what it should be. Part of F
Ont as far as what is going in china, every day, around 2 00 p. M. , chinese time, markets recover because state money comes in to buy stocks. Will be closed on the mainland, and tomorrow they will be closed for the military parades and victory celebrations for world war ii. Here spurredsses by the chinese erik s p 500 ended in correction, more than 10 down from its recent high on july 20. Matt the big losers in percentage terms netflix was down on concern apple is going to meet its lunch with original content. Dollar tree was down because it is trying to absorb family dollar. Erik the guidance with disappointing. And there was no revenue guidance because they have to deal with the purchase of family dollar. The point mac moran makes copper. Copper was down, and i think it that said competitors are not going to stop. There were some winners that were interesting. Cablevision erik i will hold you right there because matt American Airlines . Erik no, marc faber is going to be with us. He
[applause] if you live long enough you were interviewed a lot. This was absolutely great a in v you are going to ireland. Were you born in ireland . My husbands family is 100 irish and we are going to celebrate her tenyear anniversary there. I couldnt be more grateful. [applause] now you can stand. [applause] up next on booktv after words with guest host James Swanson author and heritage fellow. This weeks James Mcpherson and latest book embattled rebel Jefferson Davis as commander in chief. And its the acclaimed historian present confederate president Jefferson Davis as an astute military strategist whose failures he argues are not the reason confederacy lost the civil war. This program is about an hour. Host gem lets start at the beginning. Its november 181860 and lincoln is president elect. Who is Jefferson Davis in the fall of 1860 . Guest Jefferson Davis in the fall of 1860 as a senator from mississippi. He has served in that capacity off and on for about eight yea years, interrup