And our nation as a whole. Next Congressional Panel looks at developing a National Paid Program House ways and Means Committee vote on how to pay with advocating a payroll tax on employers and employees. Congressman shares a committee. The committee will come to order. Good morning and welcome to our witnesses some who have traveled considerable distances to be here. Before we move toward scheduled Committee Business i want to take a moment to acknowledge the recent tragic passing of pamela, a valued member of staff with the joint committee for over 40 years. A reminder again of the considerable talent that exist sometimes outside of publicity. Pamela began her career as a joint committee on taxation in may of 1991 and applied her skill in many legislative issues with large and small. Her colleagues on the joint committee almost tireless and dedication to the joint committee and she accepted projects that were analytically difficult and often that of efficient. She was working on a leg
Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s
Participation rate rising. When you drill down on these figures, very encouraging, and perhaps to encouraging, but does reports the trend we saw and may, doesnt it . Haidi given the strength in the expectinglar, we were it. Hike say the rate wanted, didntdy ask for, didnt act on. The aussie dollar nudging closer to . 80. We started off a few seconds ago at 79. 5 cents. As you are saying, that rba ms. On tuesday where they said the cash rate was around 3. 5 , that set us off on a run and was pricing in. 25 rate hike without hiking the rate. Haidi absolutely. E getu said, maybe w back to jawboning and see if that works. Thats the direction from sophie. Discussing,ou were that pop in the aussie dollar, climbing for a third day, but softening somewhat. ,tocks on the mainland in China Hong Kong opening. The hang seng adding. 4 , extending and eightday rally, but on the mainland, it is ready much flat so far after a two day rise. Today, the pboc fix of the yuan slightly weaker. We do have th
David and i are going to try Something Different today. Dave is going to be going to be the emcee of our event today. We will see how this experiment and process unfolds with you here. David, do you want to take over now . Okay. I thought it was usual dnc starts first. We want to welcome api to the neighborhood is one of my colleagues says my colleagues says, we cannot send massachusetts avenue at least, any ice to the of brookings. I am really glad nick has done this book because i think that the acute issues of the Great Recession had to a large extent not completely passed and what we now observe that the number of chronic conditions which has mixed book shows has mixed book shows, has mixed bookshelves, baseline, the shocking fraction of prime age men who are not working in some thing that is a preexisting condition, something that preceded the Great Recession, maybe gotten worse and so it requires them in more than only we can talk a little bit about something to make the economy
Its an 1 45. Good morning everybody. Welcome to the cato institute. Im an immigration policy analyst here. If anything, this 2016 election will turn more on the candidates respected immigration positions than on any other. Donald trump, the republican nominee won his primary, primarily based on this topic for his support to reducing Legal Immigration, building a wall and deporting unlawful immigrants. On wednesday night, he delivered a major address on this topic in phoenix, very basically double downed on his positions, squashing the rumors that he was softening on this issue. A topic of immigration has produced the loudest and most disagreements of this election season so far. Polling show that immigration is not a top issue this year in the minds of voters, the electorate certainly hasnt been then interested in a topic in about a century. Unfortunately, though, that popular interest is combined with a healthy dose of misperception of both the public and policy makers who attempt to