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And Senior Writer for the american prospect, good sunday morning. Thank you for being with us on cspan, we appreciate it. My pleasure. Let me begin with the frontpage headline of the Washington Post as congress gambles to work on a stimulus deal now approaching close to 2 trillion which is an unprecedented amount for congress. Your thoughts on whats to transpire over the next couple hours and days . It is unprecedented. This is an unprecedented situation. Weve never had a situation where we basically ground the entire American Economy to a halt all the sudden. With every other recession we had there mightve been some kind of a shock that precipitated it but it still unfolded over somewhat of an extended period of time where you could see it coming. This really happened all at once. You have this huge shock to the syste ....
Dani katie welcome to Bloomberg Markets. You look at markets at the moment and you can see there some green on the screen a high me. You can see the s p 500 currently up by about 3 10 of a percent. You look at big tech right now the nasdaq 100 even higher paid 4 10 of a percent. Small moves overall. A change in direction after a pretty rocky start. Taking a look at the Philadelphia Semiconductor index you can see that sleeving games right now. Lets get right to one of the big stories today and that is peloton. The Fitness Company announcing its ceo is stepping down after two years. Its also cutting 15 of staff as part of its restructuring efforts and among Bloomberg Technology joins us with more details and i hate to say this was a surprise wha ....
Theyre not as good as the fouryear Public Institution degree but that theyre allowing people who are working without degrees to go back, often times in their 30s and get i think theres plenty of public in most places theres plenty of public options. I worked for free for the university of the people, that is essentially free. And just as good as the university of phoenix which is going to charge you a lot of money for exactly the same amount of educationsive convenience. I think the language that would work in america in american politics you hear the plate tall pundits is the fact that these are not this is not private enterprise. This is corporate welfare. Theyre getting the public really known cussing on the fact that theyre just hoovering up Public Resources theyre not really free theyre not really businesses that are standing in competition in the real economy. The ....
[inaudible conversations] on your screen now is a live picture of the Langston Hughes auditorium at the schomburg center. The home of the harlem book fair. The center for research and black culture part of the New York Public Library system is one of the leading institutions focusing on africanamerican life culture and experiences. Well be back live with the harlem book fair in just a few minutes. [inaudible conversations] what we often think as the bribery of our National Leaders by powerful special interests in washington may actually make more sense, understood as extortion by government officials both elected and unelected. Please elaborate. Guest i think sometimes that often times in fact the conventional wisdom is wrong and the conventional wisdom is you have good intentioned government officials who ar ....
Municipality . One of my biggest dilemmas was administered being forced to pass students. I experienced that. I received a passing grade in the minister said we need to pastor, i dont know if those the pressure. Also as far as elected officials, giving them instead of treating the kennedy as victims, addressing the community and the same these students, two parent family, these are the statistics of people whether they have a religious background or whatever. Is there any way they think changing that mentality, the administers in the Education System or the elected officials . One thing i have to say, i told them before, dr. Williams is probably my biggest inspiration im going back and getting my degree in high school. Thank you very much. I think one of the problems is that we cant get rid of students whose minds are alien and hostile to the education process. That is, we have to have a mechanism where we can stop the students ....