Who had the opportunity through system, publicol community college, and la salle university. Standing today in a seat with many of my predecessors, five africanamericans from the commonwealth of west virginia. Our theme tonight is the history of the cbc and the legacy of Martin Luther king. Next week, we begin the television of the birthday of dr. Martin luther king. King was not only a great man, but a great patriot who loved america and the ideas of the underpinning of our democracy. To kick off our discussion, i want to open up with two dr. King comments, really capture our Political Climate and what is at stake. We may havete, come over here on different ships, but we are in the same boat now. Quote is all forms of inequality and justice and health care in the most shocking and inhumane. Dr. Martin luther king. When we think about this great nation and the leaders before us like dr. King who came together to lay a framework for equal pay, fair wages, health care, and housing, so mu
Here today, in the city of many of my predecessors, our theme tonight is the history of the cbc and the legacy of Martin Luther king. Week, we begin a celebration. A great man and patriot who loved america and the ideas of our democracy. Up with dr. King comics that i cap comments that capture our political comment climate and what is at stake. Of all forms and inequality and justice and health care, the most shocking and inhumane greate think about the leaders in our nation before us who came about to lay a great framework for equal pay, equality and housing, we are reminded of what is at stake and how much we have to lose in this current political climate. We have a lot to lose under the current administrations destructive policies. Dr. King would be greatly disappointed at many things going on in this country right now that affect all of our communities. We are in the business of doing no harm but we must continue to , fight to show results and solutions that help move our neighborh
Host joining us from new york city is doug henwood, a contributor to in these times. He is here to discuss his piece in the february issue on the and howpension crisis the cities reliance on wall street is adding to the shortfall. Thank you for joining us today. Guest thanks for having me. Host what spurred you to focus on the Retirement Crisis right now . Guest for one thing, the magazine asked me to look at it. But this is something i have been following a long time. I wrote a book about wall street a little over 20 years ago. I have been following the Financial Markets and the pension crisis for a long time. A lot of people talk about the problems of the Social Security system, which i think are grossly exaggerated. But there are people who do not want to admit problems around the Pension System because People Associated are looking to cut back up with engines or eliminate them. It does no good to deny there is a problem. Pension funds have made assumptions about returns they will g
I have been following the Financial Markets and the pension crisis for a long time. A lot of people talk about the problems of the Social Security system, which i think are grossly exaggerated. But there are people who do not want to admit problems around the Pension System because People Associated are looking to cut back up with engines or eliminate them. It does no good to deny there is a problem. Pension funds have made assumptions about returns they will get which seem unrealistically optimistic to me in an economy that has a longterm Growth Potential of under 3 . You think you will get 7 or 8 returns on 3 Economic Growth forever. I dont know how you do that unless the stock market gets more detached from reality. We have had a few dips and reality the last few weeks that reminds us that it does not always go up. Host explain exactly how the Pension System works. Guest there are basically two weeks to organize the Pension System. One is like Social Security which is the payasyougo
I think if they take a little bit of a deep breath and what the rule says and what it does, they will see that we follow their call to reduce the uncertainty that was in the system by providing the rule itself. Not just for help that the economy economy and the businesses and manufacturing and agriculture to do Service Tourism and recreation to depend on the clean water to do their job. These are all streamline opportunities. All of the certainty that this will provide a. They have a better direction for they dont have to talk to the federal government if they are not polluting or contaminating the stream or the wetland that is important to protect. The Clean Power Plant is an opportunity for the United States to show significant leadership. I begin talking about the repurposes Global Action is not only necessary to protect Public Health and the economy and national safety. But to get the benefit and the opportunity to move forward on climate. Its proposed by the clean power will cut C