Honor of introducing our event today where were going to discuss not only ganesh, his incredible book, but also the animus that really brings it to life. This is the latest in columbia series on markets where we discuss problems, political economy and how to solve them. I want to start by noting that his book is brilliant, and its brilliant because. It touches on problems that are so implicitly obvious to all of us. Im sure everyone in this room has felt frustration. An airline categorically. It feels like air travel has somehow even worse. Were offered less space and stuffed amidst more seats. Were given less food and charge, more fees. Were extended longer delays and offered less destinations. Everything that should have grown has shrunk and everything that should have shrunk has grown. Our planes have inverted and too often it feels like were flying upside down. And these problems with Civil Aviation emblematic of larger problems with our own country all over our infrastructure feel
Honor of introducing our event today where were going to discuss not only ganesh, his incredible book, but also the animus that really brings it to life. This is the latest in columbia series on markets where we discuss problems, political economy and how to solve them. I want to start by noting that his book is brilliant, and its brilliant because. It touches on problems that are so implicitly obvious to all of us. Im sure everyone in this room has felt frustration. An airline categorically. It feels like air travel has somehow even worse. Were offered less space and stuffed amidst more seats. Were given less food and charge, more fees. Were extended longer delays and offered less destinations. Everything that should have grown has shrunk and everything that should have shrunk has grown. Our planes have inverted and too often it feels like were flying upside down. And these problems with Civil Aviation emblematic of larger problems with our own country all over our infrastructure feel
Honor of introducing our event today where were going to discuss not only ganesh, his incredible book, but also the animus that really brings it to life. This is the latest in columbia series on markets where we discuss problems, political economy and how to solve them. I want to start by noting that his book is brilliant, and its brilliant because. It touches on problems that are so implicitly obvious to all of us. Im sure everyone in this room has felt frustration. An airline categorically. It feels like air travel has somehow even worse. Were offered less space and stuffed amidst more seats. Were given less food and charge, more fees. Were extended longer delays and offered less destinations. Everything that should have grown has shrunk and everything that should have shrunk has grown. Our planes have inverted and too often it feels like were flying upside down. And these problems with Civil Aviation emblematic of larger problems with our own country all over our infrastructure feel
Anyone, molly line, who is in boston right now and lives there as the folks up in bean town and throughout massachusetts are watching this live, before the aircraft head south and fly over new york, then philadelphia and baltimore before ending in washington, d. C. For the spectacular event tonight. Looks like a b1 bomber. Lets look. You can hear excited people react to that sight and more are coming. [sound of aircraft] eric wow. What a show. Were watching live the flyover, over boston. Im eric shawn in new york. Were awaiting for those aircraft to come here as they head south and molly line is in boston now as we report and welcome you here to the coverage of july 4th, our nations independence and birthday here in our nation on this saturday afternoon. But of corks it comes as the United States continues to battle coronavirus. And just one day yesterday, there were more than 52,000 new confirmed cases, and experts say the increase sadly is not just due to more testing but the growing
It. We know because weve seen it. Its planted on wall street. The head of the Federal Reserve Jerome Powell said as much in march at the start of the pandemic. Is there any limit to the amount of money the fed is willing to put into this economy to keep it afloat . Is it a blank check . Essentially the answer to your question, though, is no. Less than two weeks ago the fed basically repeated itself, keeping Interest Rates near 0 , which is essentially free money. The fed said it is, quote, committed to using its full range of tools to support the u. S. Economy in this challenging time. As you know, in normal times im a financial journal icht. When i translate that out of banker speak into english, it means the fed is willing to do whatever it needs to do, including printing money to avoid a repeat of the credit freeze that jambed up the Global Economy in 2008. So you see there is a money tree for the banks and for the stock market and for investors, and for people who can access credit