Seem first, welcome to the program, thank you for joining us. It does seem to be a bit of a monday. What does that 02 . Why does the investor looking to buy risk assets question mark james assets . James the fall to 2 is encouraging people to take extra risks, on the basis that they cannot find adequate return and fixed increase interest. So they are having return free risk rather than risk free return. Matt why does it make sense to buy u. S. Assets right now . If i look at the wei on my bloomberg to see the moves in equities, the big drops that we have seen in europe to date are astounding. 25 is the year to date drop. 8. 5 . P 500 is down it looks like investors will continue to bid up u. S. Assets, why . James if we look at prior periods where we have low real yield, we see higher valuations of good quality companies. In previous growth bubbles we have seen priceearnings move between 45 and 65 and adjusted 31 times. People would say isnt that really very low . Rates,s very low cash
Vaccine development and efforts to address disparities in minority communities. This is abouttwo hours 45 minutes. This hearing will come to order. First i would like to welcome our witness, doctor robert redfield, director of the center for Disease Control and prevention and we thank you for being here this morning. Doctor redfield, to discuss the cdc and ongoing response to covid19. I also want to welcome the subcommittee members, Ranking Member congressman thomas paul andour full Committee Chair. I want to thank you to subcommittee members who are here in person as well as subcommittee members who are participating by secure video teleconference. Before i moved to my Opening Statements and because this is our first labor hhs and Education Appropriations Committee hearing with some members participating remotely, i would like to begin by offering a brief explanation of how it will work and in order to benefit those members and the public. This hearing room has been configured to main
Shout out to for this all female panel. Its very important in this moment we understand who the workers are, and where the center of gravity has to be with female workers in this moment where frontline workers, heads of household, mothers, and so that makes this pandemic and what is happening with frontline work erred even more insidious, not only are frontline workers dying every day, theyre leaving behind whole families. And so we have to contextualize what this is, put a face on it, we have to make sure that we are using the language that is not a generic worker but that there are black workers in detroit detroit who have lost their lives. There are female workers across the country who have lost their lives and their liz are suffering as a result of it. Their families are suffering as a result of this. But were here, threing this have been think about very much is that we often talk about triggering a moment of revolution where the many are able to dictate and provide space, leader
A military briefing for a full year. When my dad was the artillery commander, they asked the second airborne to come visit. He was troubled. So i have touched royalty. Secretary wilkie is here for important testimony. Do i have the mic on . I can officially call the subcommittee on military construction, Veterans Affairs, and related agencies to order. I would like to welcome secretary wilkie, who is our witness this morning, joining us. Since this is our first hearing with some numbers participating remotely, i would like to begin by offering a brief explanation of how it will work, in order to benefit both members and the public. First, this hearing room has been configured to maintain the recommended six foot social distancing between members, witnesses, and other individuals in the room necessary to operate the hearing, which we have kept to a minimum. Some members have elected to use secure videoconferencing which allows them to participate remotely. For those on videoconference,
Distinguished career she has brought her wideranging intelligence and feel for storytelling to some of her countrys leading intellectual and cultural institutions. She has served as a member of the wall street journal editorial board, columnist for Financial Times and bloomberg news, she has taught economic history at the stern school of business. Now in addition to her prolific book writing, amity serves as a president ial scholar for kings college, chairs the board of the Calvin Coolidge president ial foundation, and in a big coup for us at michigan chairs the whole Selection Committee for the Manhattan Institute high outcries. An award she herself has won. Few decades have imprinted on the popular imagination quite as much as the 1960s and so many of us remember that decade for its most dramatic and turbulent moments. The assassinations of the kennedys and Martin Luther king jr. The march on washington and antiwar protests. Neil armstrong on the moon and fighting in vietnam. Amitys