Stephanie ruhle is at the robin hood investors conference and she has some big interviews coming up but first we have some breaking news, existing home sales for the month of september are just out. This was a very disappointing report last month. Michael mckee is in the newsroom. I will give you some good news, existing home sales come in better than forecast. We thought we would get a 1 gain, instead we get a 2. 4 game. Over the last 30 or 40 years, the average has been about 5,280,000. We are not significantly below that level. A significant rise in singlefamily homes up 2 . This was still driven by the move into apartments. The other thing we want to point out is that the inventory of homes for sale drops, 5. 3 months. That is only about 6. 8 months. Not a lothat theres of inventory out there and that means prices are probably going to go higher. Michael mckee with the word on existing home sales. The robin hood Investor Conference in midtown manhattan is where some of the worlds b
The Current Court is moving rather frightening way to some people in the direction of reviewing laws that affect the economy in a serious way. For example, laws that were passed in vermont to make it harder for pharmaceutical companies to jack up charged by giving information about drugs to certain doctors so that there were prescribed more costly. The court struck that down on the basis of the First Amendment. After four joined the conservatives and match. Breyer went almost apoplectic. This is a return of what was called the locker area, the time from the 1890s in 1937 when the court was striking down economic legislation rather loosely. If you strike down an economic legislation simply because it deals with speech in one way or another, it deals with information information is at the heart of almost everything. And using the First Amendment that way could give the court the kind of power that i think is presuppose in your question. Some people think that is exactly what was right be
Former federal prosecutor Sidney Powell on what can be done about prosecutorial misconduct. She was at the Cato Institute to discuss her book i sent to my exposing corruption in the department of justice. This is about an hour and a half. Good afternoon and welcome to the Cato Institute. Im the director of the project on criminal justice. And today we want to examine some distressing legal trends that are at work in the criminal law area. Our guest speaker today has just written a new book entitled license to my exposing corruption in the department of justice and the book recounts several cases in which ambitious prosecutors use illegal and unethical tactics to win their cases. Before we get to the panel of experts, i want to take a minute or two to lay out a discussion that is going to follow but before i do that let me ask those that came with cell phones if you take a moment to doublecheck and make sure that they are turned off as a courtesy to our speakers. Thank you. The first po
Before this senseless racial hatred can be completely uprooted. Okay. What do we take away from this little its not the answer itself but sort of a summary of the answer. One thing i noticed, tells him to go to the united hebrew trades, and then use them as his help to talk to the machinist union. Kind of like theyre saying the whole idea of like selfpreservation, if they dont want us to be a part of them, fine, well do it ourselves. Dont go to the aflcio, perhaps, go to even though the American Federation of labor, its president was a jew for quite a long time, but go to the hebrew trade union. Anyone struck by going there instead of somewhere else . We a in a different world, where might jews go . Other labor organizations that are not jewishspecific. Labor or civil rights organizations. Probably like synagogue . Yeah. They dont go to the rabbi. Dont go to your religious leader. Right . Maybe a few generations ago, before the labor movement, if jews have a problem and theyre turning
T is uniform for everyone housing, some get it and some do not. In the case of health care, the very lowest are on medicaid. And then you have the problem of cost of insurance. Of whatpart of the cost the Affordable Care act deals with. As long as we have that kind of polarization of income, those costs will increase. Now that we are away from the issue of does the government stay open or not, we will get into the debate about what do we invest in . A National Institute of health, reform of how the money is going into food stamps . It seems like we will see a shift in the debate and how we are focusing our attention. Let me raise another issue. I think it is complicated. Less have the committees been doing their work. When they do do their work, they are overruled by central leadership. Projectittees produce a product and then they get vetoed by leadership. My observation is that it is not nearly leadership is not nearly as smart as they think they are. [laughter] this issue goes beyon