2021 and a freshman at Harvard University studying economics and our panel is session six. It is titled the results of coolidge policy, the roar of the 1920s economy moderating. This panel is john childs john childs is the chairman of j. W. Childs associates, a private Investment Firm focused on sciences, real estate and, Consumer Brand investments. Prior to forming his firm in 1995, mr. Childs was senior managing director of thomas lee company and prior to that he ran Capital Markets group of prudential insurance. Mr. Childs served our in the u. S. Army. Hes a trustee of the Coolidge Foundation and serves on numerous other corporate and boards. Please join me in welcoming mr. Childs and our panelists to the stage. Good. What do you want . Im going to put that there. Wheres. Yeah. Good have to be. Ill come down here. Yeah. Let start by thanking edie for that lovely introduction and then ill pat myself on the back. I was on the board of jurors that selected her to be a coolidge scholar,
Ucla released a report earlier this year about challenges facing undocumented undergraduates get into the u. S. It is a survey of 900 undocumented undergraduates in 32 states who migrated from 55 countries. The coauthors joined a panel for a discussion about undocumented College Students in the u. S. This is an hour and 45 minutes. Good morning. It is a pleasure to welcome you and for those of you who live in new york, you know this is a rare example of sunshine in the morning. And its not even freezing. Its a great pleasure to welcome you to the Steinhardt Institute for Higher Education policy. I was thinking about our session this morning and how when i started the institute about 12 years ago. I kept looking up a word policy in the dictionary and if you ever do that, you discover it is a difficult word. Its hard to get a good definition. That is appropriate because when we think of policy we have an image in our mind with the definition is in the dictionary. In fact one of the misun
Rate came down so far and has been holding there. It has not gone back up. It is a huge debate and i dont think you look at one jobs report, debut put together a sequence to my and the major theme has to be, are we in escape velocity . At is the big question we will see at 8 30. One number i will be looking at is the increase in average hourly earnings, expected up 1. 9 . It sounds good but it is less than what we have been seeing. A lot of people would rather see people being paid more because it suggests growth and labor demand in the economy. Anything else in the brief . There are no earnings. But we should point out the ecb will be holding a press seven 45. At and the market closes early . 1 00 p. M. The bond market closes at 2 00. A data check. Within ecb meeting this morning, quiet. We drive to 17,000 on the dow. Yields are back up. We have gone from 2. 5 what ever to 2. 63. P come on, courtney, lets go. The vix, 10. 82. 16,998. I am back on watching dollar ruble as well. Lets go
I mean yes we are going to be living i mean i have an economic forecaster but everything i read suggests we are going to be living with an unusually high levels of unemployment, a lot of pain from over indebtedness and a quarter of the country is on food stamps. I mean its not a great depression. We are not repricing exactly what happened in the 30s but its a version of that. See the Consumer Financial Protection Bureau estimates that Student Loan Debt is more than a trillion dollars. Up next the Senate Budget committee looks at how that that affects borrowers and the economy as a whole. This is an hour and a half. [inaudible conversations] see this hearing will come to order. I want to thank senator johnson who is filling in today for my Ranking Member senator sessions. Welcome to you and all of our colleagues who are joining us today as well as a roomful. Welcome to all of you on a really important topic today. We are going to be talking about a challenge that 40 Million People aroun
War. Booktv in prime time continues this week. Tonight after the communicators, well bring you authors from book fairs and festivals. At 8 30 p. M. Eastern, we begin with Oscar Goodman at freedom fest. He talks about being oscar from mob lawyer to mayor of las vegas. After that, well go to this years printers row Literary Festival to hear about the cooked seed. Then on to bookexpo be america in new york city city with erica jong who talks about fear of flying. And we finish with author and radio talk show host larry elder at the Los Angeles Times festival of books as he discusses his memoir about his troubled relationship with his father in dear father, dear son. Booktv in prime time all this week on cspan2. Cspan, created by americas Cable Companies in 1979, brought to you as a Public Service by your television provider. Host well, with the announcement this week that the Washington Post has been sold to jeff bethos, we thought wed take this opportunity to look at changes in the newsp