You are probably the busiest person on the planet. I just wanted to say what an honor it is for us. Secretary esper has been secretary of defense for the past year. He was previously secretary of the army and a very distinguished record of Public Service having served active duty after graduation from west point 10 years and then the reserve for 11 years. We are looking forward to a good conversation. I think you have met the moderator before. He is a mutual friend, dave mccormick, the ceo of bridgewater associates. He also has a distinguished career as undersecretary secretary of the treasury and undersecretary of commerce. Dave and i worked together in the george w. Bush administration in those roles. Dave is also a graduate of west point. Nothing euro secretary esper, but they were at west point at the same point. Dave, i will turn this over to you. Thank you, nick. Secretary esper, thank you for joining us today. It is great to see you. Nick forgot to mention you were born and grew
And you were thinking about the future of American Cities, you would have seen potentially a very bleak future. That was the time when particularly our urban cores, new york city and los angeles, were in the middle of a bona fide crisis. You had seen years of deindustrialization ravaged the working class of the city and an enormous middleclass flight to other regions entirely. That was very hard on the Fiscal Foundation of the cities and the civic life of those cities. You saw the tremendous renaissance over the subsequent decades. That renaissance was not even. You did not see it in every single American City but you did see it in a handful of cities that had a renaissance in governance. The Manhattan Institute was deeply involved in an urban renaissance but one thing we have been arguing for some years is that, wait a second, everyone. We are in a period of relative health. Many majoromeback of American Cities but lets not take this for granted. Lets look at some of those frailties a
And you were thinking about the future of American Cities, you would have seen potentially a very bleak future. That was the time when particularly our urban cores, new york city and los angeles, were in the middle of a bona fide crisis. You had seen years of deindustrialization ravaged the working class of the city and an enormous middleclass flight to other regions entirely. That was very hard on the Fiscal Foundation of the cities and the civic life of those cities. You saw the tremendous renaissance over the subsequent decades. That renaissance was not even. You did not see it in every single American City but you did see it in a handful of cities that had a renaissance in governance. The Manhattan Institute was deeply involved in an urban renaissance but one thing we have been arguing for some years is that, wait a second, everyone. We are in a period of relative health. You see a comeback of many major American Cities but lets not take this for granted. Lets look at some of those
The bloomberg. Back to school. Boris johnson appeals to parents to send children back to class even as a resurgence in the virus in europe hits hard. Saysu trade commissioner he is profoundly sorry for attending a golf dinner in the midst of the pandemic. Of as push higher on hopes thaw in u. S. China trade relations area and markets turn their attention to this weeks virtual jackson hole and the fed fighting crisis measures. Trump and powell both on thursday. More than 100,000 people protest against the fellow russian president in rainy minsk the belarusian president in rainy minsk. We are just under an hour away from the start of cash equity trading across europe and in the u. K. Lets take a look at futures this morning. We have some decent green a percentre than half gains across the indexes. One of the reasons is optimism that the u. S. And china are going to get along a little bit better amid reports administration is telling Tech Companies they can keep working with tencent. Take
Explain how. Guest if you go back to 1980, and you were thinking about the future of americas cities, you would have seen, potentially, a very bleak future. That was the time when, particularly our urban cores, cities like new york city and los angeles, were in the middle of a bona fide crisis. You had seen years of deindustrialization ravage the working and middleclass publishings of those cities, and you had seen an enormous middleclass flight to other regions entirely. That was very hard on the Fiscal Foundation of the cities and also the civic life of those cities. But then, in fact, you saw a tremendous renaissance over the subsequent decades. That renaissance was not even. You did not see it in every single American City, but you did see it in a handful of cities that had a renaissance in governance. The Manhattan Institute, where im president , was very deeply involved in an urban renaissance but one thing we have been arguing for some years is that, wait a second, everyone. We