Trace Trace Gallagher in los angeles. Sandra and john have the day off. We all remember the chinese spycraft that flew over the u. S. For a week, and chinese citizens suspected of being spies who posed as tourists to infiltrate Military Bases in alaska and the heart of the city, doj busted communist part for running secret police stations to spy on Chinese Nationals on u. S. Soil. Lawmakers warn the ag scheme is one of the worst troubling yet. Put china in control of the global food supply. A aishah former cia Station Chief dan hoffman, but first bryan is in iowa and that is where lawmakers met to talk about the theft by the ccp. So, bryan, what did farmers say about this threat . Yeah, hi, aishah. Farmers are particularly concerned about the secret patented genetically engineered seeds that are the target of chinas theft. In 2016, there was a Chinese National here in iowa who dug up genetically modified corn seeds and was convicted in 2016, and sent to three years in prison. U. S. Agr
lifeguards have to have a sight line for stuff. meantime, americans are gearing up for tonight s high stakes megamillions at 11:00 p.m. eastern time. the 1.35 billion jackpot is one of the largest lottery prizes in u.s. history. how many americans are pondering around what they would do with that money? watch. i m not going to spend it all, so i think the best thing is to do is help people in the community. i m retired. it will go a long way to supplementing my retirement income. one lucky winner will have two options on how to receive the life-changing money. first is annuity paid out over 30 years. the other is a lump sum check for nearly $700 million. the financial guys would say, they argue about this all the time, my thing is take the money over 30 years. we ve had so many stories of people that got it all at once
paycheck. now, doing it that way is actually a much more effective way to use money to stimulate the economy. if you get one lump sum check like you did from george w. bush, you re more likely to just deposit that check in your bank account or use it toward your savings. use it toward paying down debt. may be good for your personal economics, but it s not good for the overall economy, for goosing consumer demand. that same amount of money distributed not as a lump sum check, but instead as just a little bump in your paycheck every week in an ongoing way, that s a better idea. that is more likely to be effective at stimulating the economy because you are more likely to spend that money if you get it as just a few extra bucks in your paycheck every week. and that s the whole point of giving away money that way in a stimulus bill. so it is better economic policy to do it the way that barack obama did it than to send everybody a lump sum check the way george w. bush did it. but if you send
instingts is not to take it to the bank, flip it over and get the money back in cash and spend it immediately. some people might do that. overall, most people, the instinct will be to deposit the check and not spend all of it at once. in terms of the whole economy, the point of doing the stimulus is you want people to spend the money you re sending them. you want them to spend all of it or as much of it as possible. saving may help you as an individual, but it does not help an economy in need of stimulus. you want spending. rather than sending everybody a lump sum check, a much better way to stimulate the economy is to give people money in way that doesn t encourage them to save it. give them money that doesn t make much of a splash. just put 20, 30 or 40 bucks in their paycheck every week. you re likely to spend 20 or 30 or 40 more bucks than you would
check and not spend all of it at once. in terms of the whole economy, the point of doing the stimulus is that you really want people to spend the money you re sending them. you want them to spend all of it or as much of it as possible. saving may help you as an individual, but it does not help an economy in need of stimulus. it is not what you need a stimulus for. rather than sending everybody a lump sum check like george w. bush did, a much better way to stimulate the economy is to give people money in a way that doesn t encourage them to save it. give them money that doesn t make much of a splash. just put 20, 30 or 40 bucks in their paycheck every week. if you get the money that way, you re likely to just spend 20 or 30 or 40 more bucks than you would have spent. the more low key you make it, the better policy it is as stimulus. you do have to give up that great moment. you have to give up that ed mcmahon publishers clearinghouse moment that you get from doing