Disaster. Monetary policy works through emulating aggregate demand and that is important now. Ultimately, there is a job to replace lost income. Our congress stepped in and there has not been a faster or stronger response from congress to an economic emergency since the great depression. The cares act and other laws have been passed to more than offset lost income in the aggregate. There will be people for whom that is not true. You see high levels of savings on the Balance Sheets of households. Not experienced the downward cases we were worried about of mass insolvencies of businesses so far. So far, so good, i would say. There are no full recoveries without confidence. Do, which ipart to think we have done. The path forward will be challenging for a number of reasons, and i am sure we will get into some of them. Congresso do more and might need to do more with fiscal policy. The particulars of that are up to congress and not up to us. It is likely more will need to be done in time. O
Special many series of six lectures lectures entitled great president ial lives. This series is particularly attractive for two main reasons. The first being its timeliness. As we face a president ial Election Year and prepare for it, it will be an insight that all of us can benefit from. The second is the speaker himself. Our esteemed un w. Professor of americas of history, william crawley, who has just completed 50 years on the faculty of the university of mary washington. During that half century, doctor crawley has contributed in innumerable and significant ways. Certainly not least of all, the creation of our renowned Historic Preservation program and the creation of this amazing great lives series. But it is for his excellence in teaching that he is perhaps best known, and certainly to literally thousands of our students who have come through our halls. He has received our institutions highest honors in teaching, both from his colleagues and from his students. Many of whom, throu
Disease expert says covid19 will not be a pandemic a lot longer. , dr. Ing at an event today Anthony Fauci pointed to rapid progress in vaccine development. He did say the coronavirus could remain endemic for a long time. Generally, a pandemic is defined as an infection that puts the global population at risk, while an endemic disease is one that spreads in some areas and not others. There is a power struggle inside Prime Minister Boris Johnsons office that threatens to destabilize the british government. His communication director quit last night, raising concerns about the future of johnsons most powerful and controversial advisor, dominic cummings. All of this comes at a time when the Prime Minister is dealing with a new lockdown and brexit talks. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 in london, and 2 00
And answer portion, in the interest of video and audio reporting, if you could just come to our microphone by the white pillar so we can hear your questions and engage in a nice discussion, and lastly, once everything is done if you could please fold up your chairs and place them against something solid. Our staff, as in me, would greatly appreciate that. Tonight im pleased to introduce jared cohen, to politics and prose the founder and ceo of jigsaw alphabet inc. As well as an adjuncrt senior fellow at the council on foreign relations. He is the New York Times best selling author with eric schmidt of the new digital age and has written the children of jihad. One of the great lessons of american politics that ive learned is the tale of two brothers. One went off to sea and one became Vice President. Neither was heard from ever again. However in rare cases, the Vice President is not relegated to obscurity. Namely when the president the previous president dies. And his newest, best New Y
Were first coming in. If youre a big fan of uncertainty, youre going to love this. Also, youre going to love life because does god throw some curveballs. Lets sit back, relax, then tense up and give a look at the first time we didnt know what the hell was happening. The most contentious election in u. S. Histories. Still hours until the polls close. The Ugliest Campaign weve ever seen. The nation still reeling from the deadliest pandemic ever seen. The question all of america is asking are we bleep . With millions of mailin ballots still to be counted, cnn is now ready to project. Too early to call. Too early to call, huh . Wait till they get a lod load o. laughing this election, so historic, so crucial. Who will the People Choose . Perhaps a president who does not wish to murder me. Only time will tell. Sorry to interrupt, world, its your once and future president here, with an important election update. I smell a landslide cheering . Excuse me, senator, masks are required beyond this