But anyway there is this kind of skepticism of what is finance actually doing and so in the 1970 s. Which is when deregulation and some other changes the size of the Financial Sector started to become larger where you had was that the people who were doing the systems of the National Accounts s. N. A. Inside the United Nations started to say i got this thing thats growing larger and larger in the economy isnt even being accounted for so instead of pausing and saying oh dear why is that what is this thing this blob actually doing they just came up with a justification for including it so Investment Banking was included under the term risk taking that it was a service for risk taking remember that when you include things into the National Accounts you have to kind of say what it is doing so in the u. S. As National Income and product accounting so all of this is suddenly stuffed into the g. D. P. Figures out without any kind of value judgement is it actually producing something or is it
63 at the coast. 60s at the coast. Low 80s to low 90s. Back around the mid 70s to upper 80s at 7 00. This is just the beginning. More coming up. Mike, still looking great on the freeways. Well show you 680 and walnut creek. Traffic going well south bound. Well head to the south bay and show you 280 and highway 17. Headlights are on northbound 280 right here. It is fine right now. 17 problem free in the mountains. No problems reported in the south bay. Just had that one accident in san mateo. Still out there. Its on the hillsdale on ramp. Live shot of interstate 80 here in berkeley for headlights moving westbound towards emeryville. As we check out the drive time along that stretch, highway 4 to the maze, 17 minutes. Green across the bay bridge as well. Thank you. Students are heading back to san jose state, the school is revealing the discovery of disturbing flyers on campus. They contai racist and antiimmigrant content. Abc News Reporter is live with the story. Good morning. The flyer
To be suspicious. We also learned someone was injured in that fire. A man suffered burns to his legs and a firefighter was also evaluated for heatrelated symptoms. The fire started yesterday afternoon and flames spread to a garage and property next door. Firefighters say the mobile home along with vehicles, boats and other items were badly damaged. Today marks the fifth anniversary of the napa earthquake that rocked wine country. The powerful 6. 0 quake hit at about 3 20 in the morning and was the largest to strike the bay area since the loma prieta quake in 1989. One person was killed and about 200 others injured. The most visible damage was downtown napa. Ed the historic crt th postal station however still needs to be fixed and some roads are just now getting cracks repaired. Meantime, they are preparing for another disaster this weekend in the north bay wildfires. Sonoma county held its first fullscale evacuation drill this morning. Neighbors in santa rosa who signed up for an alert
Youre watching going underground while were away were going to be showing some of your favorite episodes of this season coming up in this show the price of everything in the value of nothing is the u. K. Had one of the worlds greatest economists. Accuses the. National Tech Companies of. Cuba revolutionary in the spirit of fidel and is portrayed in the new film. To win a paul levante an Award Winning director. The song of revolution from Award Winning singer songwriter. The u. K. Releases g. D. P. Estimates in 48 hours but will politicians in the media be reading the figures. Is played down is g. D. P. Really a measure of the success or failure of a society from a cause your culture has in the usa to corbett in britain the ideas of moxon socialism or reigniting explosive debates from congress to the house of commons about what is truly valuable when it comes to Human Happiness joining me now is world renowned economist professor mary on them as a college or University College london fou
With new details. The accident is under investigation and we have been looking into the history of the man at the controls of the plane who had an incredible story to tell, incredible video to back it up. David lash. The bay area and the nation was riveted by video of david lash landing his beechcraft bonanza single engine plane in the water off Half Moon Bay and waiting for rescue by the coast guard. He says the engine failed and he was forced to ditch in the water. It seemed like a fuel issue. When i was pumping fuel earlier in the day i came up with particles in the fuel which is not what you want. Federal investigators are looking into the crash. At the same time, details are starting to emerge. He is known among the ski community for having a high profile. He posted that he had been kidnapped by a Mexican Drug Cartel but his behavior goes from pranks to criminal behavior. His outerwear company, or take a produced this video in 2018, he was arrested for arson while producing the vi