Other question is where what has apple become . Tom instead of the markets and the nasdaq war that we have seen , ties into apple, this was actually, francine, a huge deal yesterday. Arguably the biggest meeting they have had in three years. We are not going to go apple fan boy on it and explain all the stupid is that and the other thing. But i also want to go in with alex webb, sort of the racket that theyve got where everybody has to upgrade because this is old technology. This phone is a failure. I have to get rid of it. Francine the question i have been asked the most is, do we have 5g here, and people just dont know yet. Lets get to the bloomberg first word news with leighann gerrans. Leighann prospect of another stim list package before election day look bleak. President donald trump and Senate Republicans are at odds. The president is urging them to go big or go home. Senate majority leader mitch admitting to aly vote on small businesses. Nancy pelosi says the latest offer is no
Oh hi im max foster this is the kaiser report you know there seems to be a bit of panic in the air. Play lets check in with Stacy Herbert i dont more max as you know weve had 4 years of a lot of political turmoil and starting to spill out into the streets everywhere you look not only in the United States but around the world and Rand Corporation might have an explanation for this now remember Rand Corporation a fear if you are around in the seventys they were part of the pentagon papers right it was identical ellsberg released the hundreds of pages of research they had done on the debacle that was the vietnam war and now they have basically done some research on the debacle that is fed policy of creating can tell you nairs since 1971 so the top one percent of americans have taken 50 trillion dollars from the bottom 90 percent and thats made the us less secure this is according to Time Magazines interpretation of the Rand Corporation findings that breaks it down to actual numbers everyb
And the takeover by the economy by financialization wall street commodification and derivatives through salt is just that the money is divert it through Financial Engineering through 0 percent Interest Rates is negative Interest Rates through repo scandals through all the financial scandals the recovery on the show for 10 years every single one of those points to one underlying story in fact that wall street financial engineers the kleptocrats divert the money printing into their pockets at a rate that according to the Rand Corporation equals more than 50 trillion dollars so that is your smoking gun thats why we have social unrest thats why we have incredible wealth and income gap thats why we have such a distorted economy thats why wages are not keeping up thats why weve got inflation raging thats your smoking gun end of story thank you its been great have a great life no kidding as i said the Rand Corporation had revealed through Daniel Ellsberg the the sacrifice of all the young peo
It closes corporate loopholes and invests in schools, small business, and firefighters. And when the big corporations pay more, your tax bill goes down. Thats right. A savings of a hundred twentyone dollars a year for the average home. Give homeowners a break. Vote yes on 15. Red flag barnings will go into effect first thing tomorrow morning as winds developing, increasing our fire danger. Well have all the details in the forecast. A Public Safety power shut off is expected to happen in this oakland neighborhood tomorrow. You can see why there is concern out here. The longterm effects of covid on your brain. What patients say theyre experiencing when it comes to coronavirus and cognitive health. The push to reopen a beloved palo alto playground, why its popularity could be the reason why it remains closed. Abc7 news starts now. Building a better bay area for a safe and secure future. This is abc7 news. In the longterm, if its always on and off, on and off, it kills our business. Fear a
At the actual data and say actually this is how much it is is 50 trillion dollars now since 1974 right after we went off the Gold Standard right well theres an explanation of this using Financial Engineering and you can get into the minutia of that but just imagine that theres a pipe that leads from the reservoir to the town and youve got a bunch of bankers to figure out how to take that pipe and direct it into their pockets and it never reaches town so this is the problem of the reservoir being fed policy the pipe being. The Economic Policy and fiscal policy and the takeover by the economy by financialization wall street commodification and derivatives through salt is just that the money is divert it through Financial Engineering through 0 percent Interest Rates is negative Interest Rates through repo scandals through all the financial scandals the recovery on the show for 10 years every single one of those points to one underlying story in fact that wall street financial engineers th