Thinking as there seems to be a push from the right and for many in the economic sector to do just that but theres also another if not equal push from the other side that says opening the economy would be both dangerous and irresponsible and that is the thinking of many in the Public Health sector also many on the left all right so whos right. Were going to bring you a debate on this matter but before we do so i want to share with you some numbers that might help ok so as far as the economy goes 22000000 americans have lost their jobs as of this morning that brings the Unemployment Rate to 15 percent and according to economists it could reach 20 percent if present trends continue by the end of the year in a word the situation is dismal economically now lets look at lethality because this is really an important conversation as well the death rate death rate from the coronavirus so far is at most about 1000. 00 per day in the United States thats extrapolating that so far 28000. 00 people
[inaudible conversations] thank you very much for being here and i particularly want to thank chairman barrasso because he allowed us to have the subcommittee hearing and for me to chai chair if this is a discn thats important to all of us that are here and so many of our colleagues. Information is power today, and we see it all over the globe when its used improperly it is used as a weapon. Democracy requires wellinformed electorate to function properly but to undermine the principle through socalled Disinformation Campaigns designed to mislead voters and in doing so delegitimize the democratic elections. Actors like russia systematically exploit the media and to distort the truth to an unsuspecting populace with regards to the coronavirus and this information is being spread is a high degree and anonymous and again if left unchecked it could be devastatingly effective. I established this organization it could help lead to the global disinformation effort and work with International P
Thats important to all of us that are here and so many of our colleagues. Information is power today, and we see it all over the globe when its used improperly it is used as a weapon. Democracy requires wellinformed electorate to function properly but to undermine the principle through socalled Disinformation Campaigns designed to mislead voters and in doing so delegitimize the democratic elections. Actors like russia systematically exploit the media and to distort the truth to an unsuspecting populace with regards to the coronavirus and this information is being spread is a high degree and anonymous and again if left unchecked it could be devastatingly effective. I established this organization it could help lead to the global disinformation effort and work with International Partners. The Bipartisan Legislation within the state department is now the law and to get it up and going we will hear more about that today but we are pleased that we are making progress. They lead, synchronize
The dow gaining 188 points, nasdaq surging 2. 3 . This is an important snap back because it gives us a glimpse into the future. Lets start with the set up. If you listen to the wise men of the hedge fund energy, theyre telling you believers will be crushed. They loved the market a month ago. Many of their fears are legitimate they have trillions of dollars in debt. The Oil Companies alone owe hundreds of billions of dollars. They cant pay it back in crude. Airline is toast supply chain could cost 60 billion. The hedge funds i listen to, well, theyre warning of 25 unemployment thanks to the government mandated lockdown. Thats not a great recession, thats Great Depression with a c. You cant have a Restaurant Industry if youre an allowed to go to restaurants. Hotels sold to you malls, malls are bowling alleys. Actual bowling alleys, baby boomer storage lockers arcane dollar trades, ooh, really scary, devastating. And as Small Business finished time to break out the apple stands and the sa
I just want to take a moment to recognize that dd cannot join us tonight to talks leadership in the cia and the careers at the agency and one was even recruited out of high school we will hear about that. And please make sure you are listening to beverly kurt. Also if you are tweeting tonight please use the. The fire alarm goes off i will be here to escort you were to go. Now i will handed over to the executive Vice President for global government and then to help to amplify the voices with the International Business and development. [applause] thank you kathleen for joining us tonight for the smart women in smart power series. We are so excited weve had some really great panels. But i think this will be one of the best ones we have tonight. We are proud to call ourselves a and with the distinctive lines of business that gives us a unique Vantage Point of political climates around the world. So as we confront those challenges we do so in a way that enables us to provide Financial Servi