Benefit pension, and now they are seeing the possibility that that could result in up to a 90 cut in their benefits. Over the past several years weve been working on this, ive been involved with it. Ive been working on the finance committee which is the committee here in the senate that has responsibility for this issue. In 2018, going back two years ago now, iowas participating in hearings as a member of the joint committee on solvency of multiemployer Pension Plans. It was a oneyear committee. House and senate, republican and democrat. Woe were we were supposed to get to a solution for this problem before it gets worse. We spent countless hours trying to do that. I spent countless hours in meetings, with beneficiaries, retirees, spouses. Ohio is one of the states thats hardest hit. I have heard their stories about how years of mismanaged Pension Plans have put them on the hook for unthinkable cuts into pensions that they just assumed were going to be there. Let me spell out how preca
Layout the second term agenda and well hear from donald trump jr. This morning on the one issue he thinks will determine the winner all of this as john durham continues his deep dive into the origins of the russia probe, will he finish his investigation before the election, congressman jim jordan Ranking Member of the House Judiciary Committee will weigh in. Also here this morning senator John Barrasso with breaking news on the next stimulus package and when to expect it all that and a lot more as we look ahead right now on sunday morning futures. And we begin with joe biden unveiling his 700 billion buy america plan. Last week with an emphasis on u. S. Goods, jobs and manufacturing and bidens proposal making viewers of this program here is white house trade advisor Peter Navarro just a few weeks ago on the president s first plan back on march 15. Its a threeprong strategy consistent with what President Trump has done from the get go in terms of jobs and its buy american, its deregulat
Several Democratic Senators came to the floor to push for more coronavirus Economic Relief to local and state governments designed Health Emergency workers. Here are the speeches leading up with senator ron wyden of oregon. Senator from oregon. The covid19 pandemic has thrown our country into a nightmare level crisis of joblessness. The congress has not done enough to stop it and has not done enough to save the jobs of our people. I have come to the floor this evening, the distinguished democratic leader, to call for the senate to pass legislation that is all about saving key jobs that form the backbone of our local communities, our firefighters, our First Responders, our teachers, our families, and so many others. They need our help. They need it now. Senate democrats have been warning since march, covid19 cases exploded and our economy went into lockdown, that our states, cities and towns are now facing budgetary disasters unlike anything gone through in recent memory. The shortfall
Be max keiser and sending d. M. s to people if max keiser d. M. Z. You its not max kaiser and said its a and posture but there are people imitating max as well in the main stream Financial Press and that is c. M. B c looking at the data out this week about the cantillon effect essentially what weve been talking about here in kaiser report for quite a long time but a lot of data is out about the wealth and income gap and the inequality that has happened since the financial this latest financial crisis the penn demick induced crisis and they actually kind of suggest something akin to Interest Rate apartheid as part of that a tale of 2 recessions some americans thrive as others suffer the recessions financial pain is concentrated among certain groups like minorities lower owners and women others especially white men high earners and those with higher levels of education have been insulated the disparity even extends to those lucky enough to still have jobs which is unique during downturns
Financial pain is concentrated among certain groups like minorities lower owners and women others especially white men high earners and those with higher levels of education have been insulated the disparity even extends to those lucky enough to still have jobs which is unique during downturns experts say oh yeah ill get into the Interest Rate apartheid later in the article oh yeah well i mean so this stuff is quite clear theres the big gap between the have yachts and the have nots you know is getting wider and. The its not hard to figure out why and. Craving social unrest and other Central Banks are at the root of it and to tell tell us more yes so were going to look at some of the data max and. You can see in this the. That every time theres a financial crisis the central bank comes to the rescue and the central bank comes to the rescue since 1071. 00 because they can print money they can print their own currency unlike prior to 1071 that their currency was backed by gold or currency