I think its going to be significant, 46,000 or 48,000 but you have the supply chain for gm, all of the construction around gm, so youve got a lot of ancillary folks that have been out of work and manufacturing isnt necessarily what drives the economy, its the consumer primarily and we are a service economy, and even though the numbers might be good, its the manufacturing thats really going tamp down here. Neil john, one one of the thins that im hearing to daniels point, not just 48 to 50,000gm striking workers impacting this but up to 200,000 more in ancillary business suppliers and the rest. What do you think of that . I think the estimate that roughly 75,000 to 80,000 jobs being temporarily lost because of gm strike. Neil okay, so if thats the case and they factored that in, is this just a oneoff, what do you think . A lot of reasons it can be a oneoff, results of slowdown at boeing, census workers who were temporarily hired and maybe are coming off the rolls, a lot of noise in the n
Peter sullivan is a reporter withthe hell, and the hill. What is the Biotechnology Innovation Organization . Trade we are the national a Photo Association for about 1000 biotech companies, most in the Drug Discovery business. When you think of pharma with a capital p, they are the biggest companies, mercks, pfizer merck, pfizer, Johnson Johnson. What distinguishes us is we have hundreds of Startup Companies that are on the cutting edge of biotechnology innovation of new medicines. drug pricing is the hot issue. Thatve seen polling data about three in 10 americans are basically rationing medicine because they cant afford it. Does that indicate a problem here, the drug prices are too high . Problem. Is a it is not necessarily a problem of drug pricing. It is a problem of Insurance Coverage and the way insurers Insurance Products are designed. When we talk about drug pricing unaffordability, there are two moral principles. The first moral imperative applies to all the people for whom we h
Host this week on newsmakers, former republican congressman James Greenwood from pennsylvania, served from 1993 to and currently is president 2005 and ceo of the Biotechnology Innovation Organization. We also have Peter Sullivan, reporter with the hill. And sarah carlon smith. Welcome to you all. Congressman, what is your organization, the Biotechnology Innovation Organization . James we are the National Trade association for about 1000 biotechnology companies. Most of them in the Drug Discovery business. When you think of pharma, they have the Biggest Companies in the industry merck, pfizer, Johnson Johnson. We have most of them as well, but one of the things that this thing wishes us, we have literally hundreds and hundreds of small Startup Companies on the cutting edge of biotechnology innovation of new medicines. Peter drug pricing is the hot issue. I will start with a general question. We have seen polling data that about 3 in 10 americans are basically rationing medicine because
Two stories tall. There have been several fires in encampments underneath bart tracks before and last year a man who live in a wooden shed in west oakland died in a fire. Still, advocates say the citys plan to destroy these streak tou streak tours is not the solution. A lot of residents put sweat equity in them. Some have concrete and tile flooring and decorations and roof. Everything. Its a big blow to lose the structures. Reporter the oeast oakland collective is raising money to buy tents that will go right where the structures are now, underneath the bart tracks. Cesar said the city may tear down his home but he plans to stay right in this spot. Thats all i got. Reporter this is all you have . Uhhuh. Reporter what if they take it away . I have to sleep in outside. In the street. Reporter now city officials here acknowledge putting those tents in the same spot directly underneath the bart tracks is not an ideal solution. They are saying they will take a little bit of time hopefully t
A capitalist winter, because the nerve center of capitalism had been hit, but the market when it reopened, it careened. Fell more than 14 that trading abbreviated week. A lot of folks said depression was in route. We would never recoup the losses maybe for years. It took us barely a month. The reminder nowot only of american capitalist spirit but america period. Who better to know that, but appreciate that, retired fourstar general jack keane. Always good to have you. Good to be here, neil. Neil i always like to put that in perspective, general, we tend to think well never get through this, well never get through this. Time and again we get through it. There are bumps, horrific tragedies along the way, tragedies after tragedies, that punctuate that along the way but invariably, this country much like stock market charts over time go invariably up. I think that says something about us. You . It definitely does and you know it is interesting we captured Khalid Sheikh mohammed who was the