Its going to be a disease. Covid19. Wand that answer people will mention the need for help for the jobless, the threat to mall sp small businesses, problems paying their rent or mortgage and the need for health care. But you what wont hear will be the need for a space force. Or more nukes or an overseas slush fund for the pentagon. You certainly wont hear about the need for more cost overruns or fraud and abuse from defense contractors. But thats exactly what we have. Weve increased our military spending almost 20 in the last four years, at a time of relative peace. But we have not kept up with our needs like health care, education and, of course, fighting the coronavirus. And yet we spend 90 times more on defense than we do the centers for disease control. 740 billion for the pentagon is a lot of money. And too much of it gets wasted on fraud, cost overruns, and outside contractors. We are literally flushing money down a drain and i mean literally. Due to the design flaw in the new 13
Around the globe, nearly 200 vaccine candidates are being developed and nearly 20 have entered human. Clinical trials in the United States. Entered human Clinical Trials with large Clinical Trials to begin late this month. With the historic, all hands on deck effort underway around the globe come of the timeline to develop a vaccine may be compressed from several years now to just 12 or 18 months. Moving with this amazing speed does not and must not allow for cutting any corners. Today, we will hear how we must place trust in the fdas [audio drop] to produce a vaccine. We in Congress Must do our part to protect their work from political meddling so that they can uphold their professions utmost standards of scientific analysis and ethics. We are not here today [audio drop] not politicians. I want to highlight two guardrails that protect the integrity of Vaccine Development and will ensure the safety and efficacy of a covid19 vaccine. First, the most important hurdle for a vaccine to be
Its worst 2nd quarter period on record for the previous worst quarter contraction with a 10 percent drop during the Eisenhower Administration in 1958 but these records dont date back to the Great Depression while hopes one day old on that v. Shaped recovery is Consumer Spending which actually accounts for about 70 percent of Economic Activity it brought down the g. D. P. On wednesday the Federal Reserve chairman powell warned of the lasting damage to the economy of this expectation. Even with the improve Economic News in may and june overall activity remains well below its level before the pandemic and the contract contraction in real g. D. P. In the 2nd quarter will likely be the largest on record. Now this comes as republicans and democrats are working on the one trillion dollar relief package on a looming friday deadline but it appears lawmakers are far from an agreement and they continue to clash during the stalled negotiations. 20 team boeing has had one disaster after another wel
Plunged 32. 9 percent on an annual basis in the april through june quarter this is its worst 2nd quarter period on record for the previous worst quarter contraction with a 10 percent drop during the Eisenhower Administration in 1958 but these records dont date back to the Great Depression while hopes when told on that v. Shaped recovery is Consumer Spending which actually accounts for about 70 percent of Economic Activity it brought down the g. D. P. On wednesday the Federal Reserve chairman powell warned of the lasting damage to the economy of this expectation. Even with the improve Economic News in may and june overall activity remains well below its level before the pandemic and the contract contraction in real g. D. P. In the 2nd quarter will likely be the largest on record. Now this comes as republicans and democrats are working on the one trillion. All a relief package on a looming friday deadline but it appears lawmakers are far from an agreement and they continue to clash durin
That brings you up tonight more from us in a bad cough and. This is boom bust the one business show you cant afford to miss there montevideo going to washington coming up the Worlds Largest economy post its worst order on record well thats what this does to the hopes of that recovery in the u. S. And around the globe on the trouble coming as the maker of production claims will have to be slashed after a 65 percent drop in revenue we have a lot to get to to lets get started. On thursday the u. S. Commerce department announced that the United States economy g. D. P. Plunged 32. 9 percent on an annual basis in the april through june quarter this is its worst 2nd quarter period on record for the previous worst quarter contraction with a 10 percent drop during the Eisenhower Administration in 1958 but these records dont they back to the Great Depression wall hopes one day old on that v. Shaped recovery is Consumer Spending which actually accounts for about 70 percent of Economic Activity it