I titled it a Promised Land because even though we may not get there in our lifetimes, even if we experience hardships and disappointments along the way the nightly still have faith we can. A more perfect, not a Perfect Union but a more Perfect Union. Good morning and welcome to a very special edition of Washington Post life. I am Michele Norris opinion columnist for the Washington Post and founding director of the race project and for this very special conversation this morning im joined by my dear friend elizabeth alexander, poet scholar and president of the injured w. Mellon foundation. Good morning elizabeth. Good morning michelle. Its wonderful to be together. It is wonderful to be together and together we both welcome our guest for this conversation the 44th president of the United States, barack obama could i assume you recognize that guy in the middle. Good morning, sir. K dies. You brought up the big guns for this one. We are so excited to see you. Im very grateful that you gu
It is an extraordinary day. We are to have a conversation here on what do you do with your money given what we have seen. The fed upstaged by the bank of england today with actual talk about the process to affect negative Interest Rates. Jon they have stepped up the flirtation, that is for sure. In the last 24 years, the whole thing is relatively ridiculous. Theyre forecasting 4 unemployment for 2020, 2 inflation with rates still going nowhere. If they are willing to tolerate that, rates are going nowhere for a long time. Tom the dissidents of the press conference was some really weak questions. Right near the end, mike mckee stopping traffic with a question about the efficacy forward, the path forward for the fed. It is a mystery. Jon you brought up this News Conference a couple of times. Do you want to vent a little bit . Tom im going to vent. Im doing this with jon, who has real experience in europe. The questions that the ecb and see morengland informed them what we see in washingt
Conversation. You just heard steven major of hsbc with his terrific call, persistent call for lower interest rates. , we wills in moments speak about the Research Notes of last summer, ages ago when things were calm on a vector of lower interest rates. We will get an update and look to the market, to hong kong, and to our conversation with john bolton in 30 minutes. With the news breaking this morning, really must watch and must listen. You nailed this. Cacophony has never been seen before. I think it will be really difficult as the quarter grows older and you get the handoff from the balance of reopening the economy and the realization that the recovery will take a long time. Then we get bumped up against the election in november. Thee the president exits in senate flips as well. The market has a lot more in the last couple of weeks. Tom no question. Based on the emails ive gotten of the supporters of the president really pushing back against the new belief in president biden. Part of
Our society had trouble with in recent years. That makes us wonder how strong our institutions will prove to be, how we will rise to a challenge like this. You cant help but see it as a time of crisis but because it is the time of testing it is also time to think about what americas strengths are, what we are good at and how we can build on that to address the enormous problems we confront. Host how did we get here . Guest that is an awfully complicated question. Our country has always tried to strike a balance between the dignity and the quality of the individual on the one hand and some form of strength of community on the other. Every free Society Faces that. Our society has in the past century emphasized the individual, emphasize liberty, emphasize freedom and diversity and that has brought some enormous advantages and benefits but there is another side to that coin and the other side look Like Division and fragmentation and isolation, it can look like alienation and loneliness and
Google ceo eric schmidt. He was recently asked to join a committee to restart new york city. Cuomo has been doing a great job as a governor, especially compared to other governors. He has created a reimagined new York State Task force. The idea initially is to focus on three areas of issues. Telehealth basically, how do you deal with the medical system . Broadband, how do you participate in all of this if you dont have access to broadband . The third one is reimagining how we are going to work. How do people feel about going to those skyscrapers and taking the subway to do so. All of that will be addressed by our commission. David you expect to complete that work in a year or so . Eric we expect to have initial results in 36 months. The state needs help, as do all the states. This pandemic will go on for quite a long time. We had better get used to dealing with it, making adjustments. David youre also chairing a commission for the pentagon on artificial intelligence. You have managed t