Professor levy ok. In our lecture on the Great Depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. First is the 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets a pattern that goes across the 2000s. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflation and generally supportive Credit Conditions, rising equity values are providing impetus for spending and in turn the expansion of output, emplo
The east from rebels. Civilians are caught in the middle. Debora patta reports from syria. Reporter this is what the aftermath of an artillery strike sounds like as the Syrian Military continues the assault on the rebelheld parts of aleppo. Dozens of people were killed in this attack. Grief hangs in the air. This teenaged boy just lost his mother in the strike. One of my sisters was pulled out alive, he said. But i dont know about the other. He is one of tens of thousands of civilians caught in the crossfire as the Syrian Army Continues to advance. They face an impossible choice to stay means facing a daily barrage of bombs. But to run can be just as deadly. This woman died in the street with a backpack on her shoulders. Those who managed to escape are being housed in makeshift shelters, many already filled to capacity. This old factory houses over 8,000 people, but still, they keep arriving and new beds have to be found. Remarkably, children play, what they have seen. Old men cry, per
Modi in a joint meeting of congress on june 8th. Well have live coverage of his speech on cspan. Employing people with disabilities and disorders was the subject of a hearing on capitol hill yesterday. Members of the Small Business Committee Heard testimony on the role the businesses play in creating Job Opportunities for the disabled. This is just over an hour. [inaudible conversations] [inaudible conversations] [inaudible conversations] Committee Comes to order. I want to thank everyone for being here today. Before i give my Opening Statement id like to welcome here the cochairs of the conference. Chris smith from new jersey is here, and mike doyle from pennsylvania is the democratic counterpart and we thank you for your work. And when this Committee Meets its to discuss the challenges facing Small Businesses. Today, however, we get to talk about some of the truly inspiring opportunities they have been offering. Small businesses are not just the backbone of the American Economy but t
Push of radar runs off the marin head laps the next 45 minutes. This is how it looks from the east bay hills, it does not look to be raining. Sprinkles through 6 00, and by noon, we will see a little bit of sunshine, a small chance of a shower and it will be cooler, 70 to 78 and the heat will retreat this afternoon at 66 to 80 and a slight chance of a lingering shower, 56 to 74. Leyla . I heard doves cry, because we have a buildup of traffic. Like it. It is hook looking busy no cluster of cars waiting to bay crash but more are funneling in from the another bay. We have an accident in the south bay and it is over to the center divider. Speaking of clusters, we have a cluster of construction that will last anywhere between action and 5 30 so it is slowly getting picked up. This includes the transition from westbound 580 to 980 and 24 from 980 and at the macarthur maze so there are going to bety of cones. Slow for the cone zone. Thank you. Tackling gun violence in california, a Campaign L
Perfect score of a hundred is not necessarily achievable so we go through the whole process and what we come out with our total needs that are estimated as 21 p. S. . 4 billion and here were sun shining it by the major programs by which the primary investment is muni one the big things from this plan it is significantly larger than the one we showed you two years ago good a big there of 5. 5 billions more a big component westbound fully assessing the states of replace specifically in the transit fixed railway the cable overheads and the parking the passing but also the state ons parking we added a lot of projects and completed a studies on the ocean subway was adams to the capital plan in this cycle about a year ago we undertook a Feasibility Study at the Fishermans Wharf extension of the t line third line this was excluded included and weve been developing a real capacity strategy to unlock the potential the light rail system to perform at a greater capacity to allow to it carry more