Talk about a uturn, we had a swing from high to low, 875 points on the Dow Jones Industrial average and it closed at about 160. The nasdaq at one point down 582 and at the close the nasdaq is off of about 140 points. It is down maybe 702 days which is pretty intense and you can finally see the s p 500 down not even 8 or 28 points. Why the selloff, why the rally back, as for the cello question the wall street journal was reporting a jump in trading volumes and options that are linked to Technology Companies and as for the uturn major rent from the record that we had on wednesday and that mightve been overdone with that technology. Delete they come back mainly apple, it was down over 8 at the lot but in did hire a bit and it averted a threeday losing streak, other tech names, the work from home stuff, they did continue to get humbled suggesting that investors are betting on the economy reopening a little bit. Look at that down about 5 tod today, with the economy reopening you have airlin
I can assure you that the authors that we are featuring today are serious accomplished economist who is decades who worked to form this publication. The subtitle of the book to economist drink their way through the unfree world gives us the unconventional approach for a couple of academics. That subtitle did not surprise me though. I tend to run in to ben powell and bob lawson at economic or academic conferences around the country and around the world and inevitably had drinks in their hands, probably because we chat at the hotel bars and the like. But the conversation is always interesting, informative and fun. And that is also true of the new book. This is a light book about a heavy topic. So it is fortunate that we are featuring today on the birthday of the late freedman, one of the greatest economist of the 20th century and the champion of economic and overall human freedom. We were lucky to have known him and for some of us who work with him to a limited degree. He too would agree
Socialism sucks, is more irreverent than most Public Policy books we usually organize events around here at cato but i can assure you the authors we are featuring today are serious accomplished economists with decades of scholarly work. Inevitably, they have drinksn their hand, probably because we chat at receptions, hotel bars and the like. But the conversation is always interesting, informative, and fun. Thats also true of this new book. This is a light book about a heavy topic. So its fortunate, fortuitous rather, that we are featuring today on the birthday of the late milton friedman, one of the greatest economist of the 20th century and the champion of economic and overall human freedom. We were lucky to have known him, or some of us to have worked with him to a limited degree. Im sure he, too, would agree with the title of the book, though i i cant really recallm ever putting his opposition to socialism in quite those terms. Today, socialism has gained an appeal among some americ
This morning kron fours gayle ong is in marine county with more on our top story. Members of the marine county search and rescue and canine teams have found the couple were told who are in great spirits. Carol cup are skinny and urban are alive and well the Marin County Sheriffs Office tweeted this photo of the palo alto couple in the hospital more than 70 people and rescue dogs set out to search for them in finding their way through dense vegetation and rough terrain so were searching up the drainage from shower beach. Is very tough going very tough drainage not halfway up we hear voices, first 2019 but then they started yelling help, they loved each other and light, thats them on saturday morning day 6 of the search the couple was found. Both carol and ian were airlifted and taken to the hospital suffering from hypothermia. Were told theyre experienced hiker is visiting the town of inverness in western marine county for those who live in the rural area where many come to enjoy the na
[inaudible conversations] good afternoon and welcome to the Cato Institute. I direct the center for global liberty and prosperity here at cato the title and style of the book were featuring today, socialism sucks, is admittedly more irrev vanity than the typical more staid Public Policy books but i can assure you that the authors that we are featuring today are serious, accomplishments economyis whose decade of scholarly work inform the publication. Thesen title two economists drink the way through the unfree world gives a flavor nor unton generalizational approach. That subtitlele didnt surprise me. I tend to run into ben powell and bob lawson at economic or academic conferences around the country, and around the world, and inevitably they have drinks in their hands. Probably because we chat at receptions, hotel bars and the like. But the conversation is always interesting, informative and fun. And thats also true of this new book. This is a light book about a heavy topic so its fortu