The pandemic. They have 2nd homes in the country, they and their connections to get government bailouts. They didnt lose their jobs during the pandemic since professionals can work from home. Where they, you know, the majority of the hard work is for people with lower incomes. They were crowded into dense housing, dense working conditions and the loss of jobs. So now billions of people are unemployed in the worst Unemployment Crisis since world war 2. But actually what i would, i would really like i would like to see joe biden come out with a recovery package more an f. D. R. Type, general jobs program with the stimulus or universal basic nurse or health care, you know, college tuition. You know, its not, its up to the new a new administration to really do something of economic substance for americans. Want to last the country for new york city council. Thank you for your time. And thank you for joining us here on aussie international. Were back in 30 minutes. Join me every thursday on
Resort to a coup to stay in power. Well, looks to me that the pentagon and the National Security state is committing a coup against trump in the last months of busy presidency by not obeying direct orders from the commander in chief. This is serious business. Go ahead, george. It is extremely serious because he is the commander in chief and he has a right to duty to implement his policy. And what were getting is that theyre bent to is explicitly just ignoring the instructions from the commander in chief. So we get in afghanistan, in which the United States has actually signed an agreement with the town of committing itself to withdrawing by early next year. And the pentagon decide whether or not that are, you know, going to him this policy. Theyre going to condition it on what the military regards as situation on the ground. Even though theres nothing in the agreement with the taliban in which the departure of the americans is condition on the situation on the ground. The only situatio
Francisco, low 40s for san jose as well as santa rosa. As we go through the day it is going to be cool 59 in San Francisco, 64 in san jose and 62 in concorde. I will say the future cast and client timing it out with the rain will arrive where you live coming up. As we take a look at the roadways we have a hotspot. If youre headed northbound 880 and high street, you will be tapping the brake lights due to a crash it is not an injury but we do have one lane blocked and it is causing quite a bit of delays slow and go on 880. You can use 580 as an alternate but expect delays to be out there until everything clears. No word from chp on when that will happen. Taking a look at traffic. It is getting a little busy, not as bad as it typically is monday through thursday. Friday light conditions. A few brake lights right at the 205 connector. New this morning, california passes 1 million covid19 cases. This comes as the bay area is seeing a spike and reversing openings. Lets get over and break do
Billionaires index. Raise 30 5ting to billion in hong kong and shanghai. Aviation in australia. Alice springs emerges as the ideal place to store passenger planes left idle by the coronavirus. Shery. Shery breaking news out of south korea. We are getting the preliminary thirdquarter gdp numbers and we are seeing the quarter on quarter the economy has grown 1. 9 , which is beating expectations of 1. 3 and this is also coming after its first recession since 2003. We saw a contraction of more than 3 in the previous Second Quarter. Youre on your, still a contraction of 1. 3 but its a much smaller contraction than was expected and it is also a contraction that has eased from the previous quarter. We have seen growth and strength when it comes to south koreas exports and manufacturing industries. Thirdquarter manufacturing actually growing 7. 6 quarter on quarter when you look at the details in the gdp numbers. We have seen the rebound in china. South koreas biggest trading partner helping i
But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view the other day, i think it was just a week or so ago, that inflationary risks are also asymmetric right now. Im much more afraid of people losing their careers and life that they built because they dont get back to work in time. Im more concerned about what that will do not just to their lives but to the American Economy. Im more concerned about that than which exists with higher inflation. In our