1979 when we had 14 inflation. So thats my tame on it. Amity, please. I would be a little more cautious than steve there and say maybe our problems are monetary, because the prices dont seem to accord with what the government is saying. So, if a certain price is way much higher, and we were told nonetheless we have no inflation, thats confusing. We need another data set. We need another philosophy. In the olden days, your family banks would not have spoken of inflation, they would have spoken of credit or credit tightening. Thats the lexicon of classical economics. Maybe that lexicon works a little better to explain the spongy, bubbly feel of the economy right now. Most of us believe that Federal Reserve policy has a lot to do with the stock market increase, that maybe the companies arent all doing that much better. That its just our next bubble, which means our next pop, our next trouble. And the way out of that is stability in money, even pegging money to something, and we shouldnt b
Afternoon. I am the director from Stanford University we are thrilled to host this event today. I also like to recognize us senator and also thanks for coming out to join us today. Our discussion is titled innovation with u. S. Defense policy. And it will take a deep pocket held unit states has used his defense of the nation and whether that remains a feasible proposition. Once the novel is use of Self Technology satellite command and control is now being challenged by new technologies like cyberand autonomous weapons. With the research and Development Process will u. S. Continued technological dominance . What role the is the private industry play . Our moderator knows both of these well as the former Washington Bureau chief to have from rose seats to the most consequential security events of the last few decades. After retiring from the dr times and also served as secretary board of trustees then veer share but will be a fascinating discussion also to incredible Public Servants the h
Now. Most recently, what we have had is that entertainment piece. We have posted at the National Film festival starting last year from china with ministry support. We brought over six producers. They are bringing another group this march the National Film festival. In turn, we are looking at going over there. We had a great asset in tennessee with our music and film industry. Abigail has been working with china bringing music to tennessee and taking our focus is it going there. We are engaging in some of these activities going on unofficially and kind of crystallizing them and same these are true opportunities for crosscultural relationships developing business between the two. John i am mindful of time and i am afraid we have to wrap things up. Thank you so much for this rich discussion. We heard a lot about talent and development. We also heard about process. You need to align up all of the players internally to make sure you attract properly. We also heard about longterm partnership
Donald trump has a reputation for calling out a lot of people. His latest word battle is with pope francis. This all started over a comment trump made about building a wall in mexico to border. Reporter some say this is trumps most audacious attack yet. The pope said trump wasnt really christian. Trump went on to say no leader especially a religious leader should have the right to question another mans religion or faith. Trump later softened his tone at a gop debate last night saying he doesnt want to fight with pope francis saying he likes his personalty and what that was after his made this remark about isis. If and when the vatican is attacked by isis, which as everyone knows is isiss main target. Trump is being aggressive ahead of primaries in South Carolina where polls show a tight race. Is ted cruz eligible to be president . You might be thinking it is too late in the game for that. Today that question will take center stage in illinois. Today thousands will pay final respects to
Month and the quarter, lets head over to the markets desk where Bloombergs Julie Hyman is there. Julie it has been an eventful quarter, the shaped quarter with stocks falling initially through midfebruary and then rebounding sharply through now. At the moment, the s p and the to little change, the dow the down side, yeartodate, as we now the s p and dow have solidified their gains of the s p getting a little closer to 1 gain, the nasdaq remains the lag guardian the year even as large cap tech has been part of the rebound story thus far. Look at the monthly performance, this looks at the monthly performance of the s p 500. Were looking at the biggest monthly jump since october, but also the second largest month that we have seen going back to the end of 2011. This magnitude of an increase is relatively unusual. Now, that said, the increase that we have seen in stocks has been on relatively low volume and, of course, on very low volatility. We heard talk of that in the last hour. The yea