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Apr 30, 2024
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mr. powell: yes. big part of the inflation was and we saw it in 2023 when supply chain problems unwound and when the labor supply shot unwind as well. it came down quickly and it's also down to tight monetary policies playing a role as well. senator brown: which leads me to the plea with you to speak out about inflation and the contribution of corporate profits and greed to inflation. >> the fact of the matter is that so often, if in fact. i don't know how they afford a downpayment for a home and take into consideration and looking at their financial future and fixing and repairing. happens for every homeowner in the country. i think the issue is far more complicated my first question is between the challenges of illegal immigration. it seems like every single week there is a story of another city under water attempting to feed and house millions of illegal immigrants and american taxpayers are footing that bill. just recently in denver we saw city workers having their hours zeroed out so that the cit
mr. powell: yes. big part of the inflation was and we saw it in 2023 when supply chain problems unwound and when the labor supply shot unwind as well. it came down quickly and it's also down to tight monetary policies playing a role as well. senator brown: which leads me to the plea with you to speak out about inflation and the contribution of corporate profits and greed to inflation. >> the fact of the matter is that so often, if in fact. i don't know how they afford a downpayment for a...
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Apr 16, 2024
04/24
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us stocks fell after mr powell spoke.ere's how stock markets fared in the us after mr powell's comments. the s&p 500, nasdaq and the dow closed slightly lower. the federal reserve�*s next policy meeting will start at the end of april. tensions in the middle east have also been weighing on markets. and the conflict in the region has been cited as a risk to recovery for the global economy by the international monetary fund. in its annual report, the imf said growth would remain steady this year largely propped up by emerging economies like india. but high inflation and weak demand in china and europe are major challenges. the bbc�*s economics editor faisal islam has more from washington dc. we have got new numbers from the imf, theirforecast for the world economy, and it shares a world economy, and it shares a world economy, and it shares a world economy that is more resilience and mainly driven by what is happening here in the us and in some emerging economies, such as india. there is a big black cloud over the world econo
us stocks fell after mr powell spoke.ere's how stock markets fared in the us after mr powell's comments. the s&p 500, nasdaq and the dow closed slightly lower. the federal reserve�*s next policy meeting will start at the end of april. tensions in the middle east have also been weighing on markets. and the conflict in the region has been cited as a risk to recovery for the global economy by the international monetary fund. in its annual report, the imf said growth would remain steady this...
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Apr 17, 2024
04/24
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us stocks fell after mr powell spoke. speak to will walker—arnott, director of private clients at charles stanley. good morning to you. what do you make ofjerome powell's latest comments, as michele explained, it did hit financial markets with wall street seeing another day of the clients. it seems a long way from the end of 2023 when we were actually talking about the potential for a hard landing or recession. now we move on and the us economy remains in strong health. earlierthis economy remains in strong health. earlier this week with strong retail numbers which knocks expectations out of the park. we are seeing strong employment number. and yesterday was the imf upgrade forecasts for the us growth and predicts it will be much quicker economic growth in any of its contemporaries. the economy undoubtedly strong and as a result, the market has rapidly reassessed its prospects of predictions for interest—rate cuts. at the beginning of the year, was thinking six interest—rate cuts. two is probably likely and the market as
us stocks fell after mr powell spoke. speak to will walker—arnott, director of private clients at charles stanley. good morning to you. what do you make ofjerome powell's latest comments, as michele explained, it did hit financial markets with wall street seeing another day of the clients. it seems a long way from the end of 2023 when we were actually talking about the potential for a hard landing or recession. now we move on and the us economy remains in strong health. earlierthis economy...
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Apr 14, 2024
04/24
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. ♪ [indiscernible] the honorable powell and mrs. powell. ♪ mr. woods and missed wooden -- ms.a and ms. podesta. ♪ mr. fukushima. ♪ ambassador. ♪ mr. bezos and ms. sanchez. >> how are you? >> -- the biden campaign this year? mr. resnick and mrs. resnick. ♪ the honorable thomas cini and -- tomasini and mrs. tomasini. the honorable mr. ricchetti and mrs. ricchetti. ♪ mr. and mrs. donilon. ♪ the honorable hochul and mr. hochul. >> the honorable verma and ms. verma. ♪ senator merkley and ms. merkley. ♪ mr. and mrs. dimon. the honorable emmanuel. mr. zachariah emmanuel and ilana emmanuel. ms. richards and mr. adam. ♪ >> [indiscernible] >> going on in this election and the fact that we made such strides. to have it all taken away, it's been very motivating for women and for men. >> thank you. >> thank you. ♪ >> [indiscernible] senator hirono and mr. oshima. mr. de niro and ms. chen. >> robert, how do you feel about the election? robert: what do you think? ♪ general brown and mrs. brown. ♪ >> mr. cook and ms. jackson. ♪ >> are you going to be campaigning for the president? ♪ >> the ho
. ♪ [indiscernible] the honorable powell and mrs. powell. ♪ mr. woods and missed wooden -- ms.a and ms. podesta. ♪ mr. fukushima. ♪ ambassador. ♪ mr. bezos and ms. sanchez. >> how are you? >> -- the biden campaign this year? mr. resnick and mrs. resnick. ♪ the honorable thomas cini and -- tomasini and mrs. tomasini. the honorable mr. ricchetti and mrs. ricchetti. ♪ mr. and mrs. donilon. ♪ the honorable hochul and mr. hochul. >> the honorable verma and ms....
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Apr 17, 2024
04/24
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us stocks fell after mr powell spoke.ut that is in the middle east have been weighing on markets in the conflict in the region has been cited as a risk to recovery for the global economy by the international monetary fund. and itand by the international monetary fund. and it and a report, the imf said growth would remain steady, largely propped up by emerging economies like india. the bbc economic editor has more from washington, dc. we have got new numbers from the imf, theirforecast for the world economy, and it shares a world economy that is more resilience and mainly driven by what is happening here in the us and in some emerging economies, such as india. but there is a big black cloud over the world economy in terms of the economic consequences of what is happening in the middle east. actually, the impact in energy and oil markets has been far less than expected given what happened over the weekend, they really haven't been affected much not so much of the attention is what is happening at the world central bank, the
us stocks fell after mr powell spoke.ut that is in the middle east have been weighing on markets in the conflict in the region has been cited as a risk to recovery for the global economy by the international monetary fund. and itand by the international monetary fund. and it and a report, the imf said growth would remain steady, largely propped up by emerging economies like india. the bbc economic editor has more from washington, dc. we have got new numbers from the imf, theirforecast for the...
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Apr 9, 2024
04/24
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. >> thank you, mr. chairman. >> and welcome again, mr. powell. it is an honor to have you before us today. i always enjoy hearing your commentary. as you know, recession and inflation, these are buzz words. they are used in some circumstances to cast a dim light for others who are working to end some of these troubling circumstances we are dealing with. are you now at a point where you believe that there will not be a recession that was much talked about recession? and many people worry that we would find ourselves having to negotiate our way out of a recession. what is your position currently on the recession? >> so it was excess in 3% of what we were seeing continued solid growth. my expectation and that other forecasters of my colleagues is that we will see continued growth at a solid pace. i will say that there is no evidence and no reason to think that the u.s. economy is in or in some kind of a short-term risk of falling into a recession. having said that though, there is always a possibility, a meaningful possibility that an economy will f
. >> thank you, mr. chairman. >> and welcome again, mr. powell. it is an honor to have you before us today. i always enjoy hearing your commentary. as you know, recession and inflation, these are buzz words. they are used in some circumstances to cast a dim light for others who are working to end some of these troubling circumstances we are dealing with. are you now at a point where you believe that there will not be a recession that was much talked about recession? and many people...
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Apr 10, 2024
04/24
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. >> thank you, mr. green. and welcome again, mr. powell. i always enjoy hearing your commentary. as you know, recession and inflation. these are buzzwords, and they are used under circumstances to cast a dim light on perhaps the fed and others who are working to end these troubling circumstances we are dealing with. are you now at a point where you believe that there will not be a recession? there was much talk about recession, and many people worried that we would find ourselves having to negotiate our way out of a recession. what is your position currently on a recession? >> u.s. growth last year was in excess of 3%. what we are seeing so far this year's continued solid growth. my expectation and that of other forecasters and colleagues is that we will see continued growth at a solid pace. i will say, there's no evidence or reason to think that the u.s. economy is in some kind of short-term risk of falling into recession. having said that though, there is always a possibility -- in meaningful possibility that the economy will fall into recession. i don't think that possibility
. >> thank you, mr. green. and welcome again, mr. powell. i always enjoy hearing your commentary. as you know, recession and inflation. these are buzzwords, and they are used under circumstances to cast a dim light on perhaps the fed and others who are working to end these troubling circumstances we are dealing with. are you now at a point where you believe that there will not be a recession? there was much talk about recession, and many people worried that we would find ourselves having...
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i do think mr.will probably get hate i really but i argue integrity trying to address from logical driven standpoint. >> after tell us for months it was transitory. >> i know he was right it was just transitory wasn't as fast as we thought. maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the sake of maybe getting people elected i don't know. maria: you think political going to cut rates. >> i think he is political yeah. maria: would you reappoint jay powell? >> this no, i wouldn't do that. >> you wouldn't. >> no. maria: because? he missed inflation. >> he did miss but i wo
i do think mr.will probably get hate i really but i argue integrity trying to address from logical driven standpoint. >> after tell us for months it was transitory. >> i know he was right it was just transitory wasn't as fast as we thought. maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to...
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mr. powell cares about america and the economy but mostly he cares about his hide as we all do.ity. my feeling is if push comes to shove we may get interest rate cut but larry summers is saying it and other fed veterans are saying the neutral rate of interest adjusted to where it was before global financial crisis. the rate of inflation can't settle for 2% in the rest of the environment but focus on the treasury rate here. it is about 5%. remember i was with you after writing an op-ed where i said the treasury rate had gone up and is not coming back down and you said to me it came down today and i said call me when it is below 4%. %. you haven't made that call. stuart: that's very true. >> the point is we are probably at the neutral rate in a red-hot economy. look at these jobs. stuart: i've got to cut it short because something unusual has happened in the new york area, really unusual. if you live in new york you may have felt a shake. that's because a magnitude 4.8 earthquake just rattled through greater new york and new jersey area. lauren and i were sitting here with the fou
mr. powell cares about america and the economy but mostly he cares about his hide as we all do.ity. my feeling is if push comes to shove we may get interest rate cut but larry summers is saying it and other fed veterans are saying the neutral rate of interest adjusted to where it was before global financial crisis. the rate of inflation can't settle for 2% in the rest of the environment but focus on the treasury rate here. it is about 5%. remember i was with you after writing an op-ed where i...
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Apr 30, 2024
04/24
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thank you. >> thank you, mr. chairman. nice to see you, mr. powell. my first question is about some chatter lately on the social media that people are concerned about the fed creating a cd b.c. without legislative authorization. you and i have discussed that before. there are other means other than a cbdc that could use digital assets to create a secure and instant payment system other than a cbdc. the question is this, do you agree the federal reserve cannot introduce a u.s. central bank digital currency without congressional authorization? >> i do. >> that really calms people's fears. the people who are concerned we can end up with something like the digital used as a means of surveillance. i think that will come some discussions down. my next question is about your course cpe. as you know, there is a disconnect between how you measure inflation and how the american people see inflation because the american people are spending their money on gasoline and food and rent. things that have gone up a lot. they hear about these improvements in the economy
thank you. >> thank you, mr. chairman. nice to see you, mr. powell. my first question is about some chatter lately on the social media that people are concerned about the fed creating a cd b.c. without legislative authorization. you and i have discussed that before. there are other means other than a cbdc that could use digital assets to create a secure and instant payment system other than a cbdc. the question is this, do you agree the federal reserve cannot introduce a u.s. central bank...
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Apr 5, 2024
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but i think what mr. powell is saying is, look, we're not going to lower interest rates until we are absolutely sure that inflation will not reemerge, period. but what we've seen in the stock market is i think people are looking beyond that. and they're saying, you know, enough with all the worrying about when the fed is going to cut interest rates. let's look at what's happening. we've got a really hot economy. why is that? consumer spending two thirds of our gdp on fire. better than expected. wages are going up, which only adds to that. and then you have corporations posting really good earnings. and i can tell you, after 30 plus years in the business, stock prices follow earnings sooner or later. >> i wish i bought nvidia about six months ago, by the way. we all do. >> frank i know well well let's talk about stock market. >> i believe it's up 10% this year. it's up 30% in the last 12 months. i don't have a crystal ball. but you do this for a living. an election year trend is your friend. are we are we
but i think what mr. powell is saying is, look, we're not going to lower interest rates until we are absolutely sure that inflation will not reemerge, period. but what we've seen in the stock market is i think people are looking beyond that. and they're saying, you know, enough with all the worrying about when the fed is going to cut interest rates. let's look at what's happening. we've got a really hot economy. why is that? consumer spending two thirds of our gdp on fire. better than expected....
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Apr 17, 2024
04/24
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us stocks fell after mr powell spoke.in the united states but let's go back to paul hollingsworth, chief economist at bnp paribas. we had been talking about interest rates before our line went dead, and the bank of england has been sending out signals that a cut in the cost of borrowing on the horizon and market expectations are changing not least based on that inflation data we have just received today. what are those of us who watch the bank of england closely expecting will now happen with the uk interest rates? i now happen with the uk interest rates? ~ ., now happen with the uk interest rates? ~ . . , ., , rates? i think rate cuts are still on the horizon _ rates? i think rate cuts are still on the horizon to _ rates? i think rate cuts are still on the horizon to horizon - rates? i think rate cuts are still on the horizon to horizon is - rates? i think rate cuts are still- on the horizon to horizon is perhaps just a bit further away than we previously thought. today's data is stronger than we expected, the consensus
us stocks fell after mr powell spoke.in the united states but let's go back to paul hollingsworth, chief economist at bnp paribas. we had been talking about interest rates before our line went dead, and the bank of england has been sending out signals that a cut in the cost of borrowing on the horizon and market expectations are changing not least based on that inflation data we have just received today. what are those of us who watch the bank of england closely expecting will now happen with...
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Apr 5, 2024
04/24
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jay powell, actually used the second one. he squeezed availability of reserves.ks didn't have much reserves. they scrambled and the federal funds rate went to 22% and killed the economy and finflatin and in that order. this time around, chairman powell doesn't have that option because of the reserves in the banking system. the reserves is more than 1,700 times larger than before the lee lehman crisis. here you try to tighten with this tool and you have to rehe m move the 3.2 trillion first. before you have the grip on the situation. you cannot do that overnight. that means all of the efforts on monetary tightening were on interest rates because you cannot use the other tool. >> we hear a lot of words on cnbc. it goes with the territory. listen to what richard koo just said. the amount of excess u.s. banking reserves is 1,700 times larger than it was pre-hlehman. if nothing else, take nothing away from morning programming today than that fact, that shows you why central banks in the united states and the fmoc and federal reserve has struggled to have the same impa
jay powell, actually used the second one. he squeezed availability of reserves.ks didn't have much reserves. they scrambled and the federal funds rate went to 22% and killed the economy and finflatin and in that order. this time around, chairman powell doesn't have that option because of the reserves in the banking system. the reserves is more than 1,700 times larger than before the lee lehman crisis. here you try to tighten with this tool and you have to rehe m move the 3.2 trillion first....
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Apr 30, 2024
04/24
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you were joking earlier about if mr. powell can stick to script.will have written on his hand, "don't say anything about cuts." [laughter] but always looking for some kind of dovish slip. i think if he wants to do an insurance cut or two this year the data won't allow him. it is a waiting game to see how the economy evolves. jonathan: you said he will be hawkish tomorrow. what you think you will say? win: i don't think that he is going to say the h-word. hike isn't and his vocabulary at this point. he was a rate cuts will continue to be pushed out. earlier he said we will cut sometime this year, sometime this year, coming soon. but he can't say that. he will say the data are not allowing for a cut right now. we don't have confidence inflation is going to the 2% target relatively soon. these are things that fed officials talked about before the blackout period. i see a continuation of that. nothing is happened since the blackout period began that makes him have to change the script. 250 thousand plus jobs this friday, inflation remains sticky and hi
you were joking earlier about if mr. powell can stick to script.will have written on his hand, "don't say anything about cuts." [laughter] but always looking for some kind of dovish slip. i think if he wants to do an insurance cut or two this year the data won't allow him. it is a waiting game to see how the economy evolves. jonathan: you said he will be hawkish tomorrow. what you think you will say? win: i don't think that he is going to say the h-word. hike isn't and his vocabulary...
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Apr 2, 2024
04/24
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he's on the united states supreme court as mr. justice louis powell. and while he was not at all wing in terms of a of the social and cultural decisions that he made, one thing that he did very deliberately decision after decision after decision was create and expand a role for corporations in political system and in elections. the that corporations have in our right now is an invention it's an invention begins with the bellotti versus massachusetts case of powells and it culminates in united but it is an invention and it was invented by republican appointees on the supreme court and like frogs in the pot we just kind of let the pot get hotter and hotter and let the corporations get more and more power without realizing they have no business in this at all. i mean, the ceo has enough advantages being a ceo without having the whole corporate treasury to be able to launch politics like you know some giant transformer beast. yeah. a follow up. if citizens can be drafted, why can't corporations since their citizens not are not corporeal citizens so it make
he's on the united states supreme court as mr. justice louis powell. and while he was not at all wing in terms of a of the social and cultural decisions that he made, one thing that he did very deliberately decision after decision after decision was create and expand a role for corporations in political system and in elections. the that corporations have in our right now is an invention it's an invention begins with the bellotti versus massachusetts case of powells and it culminates in united...
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Apr 18, 2024
04/24
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larry: mr. speaker, sthoo another point, you are fraisgracious with her time, inflation is a big issue. j. powell thrown in the cut towel, you talked about border problem and law and order and crime. another one, joe biden on tax day, monday, decided that raising taxes is a much better economic growth and tuna,proach than cutting taxes. says that trump tax cuts benefited a few wealthy people, i thought it benefited almost every nook and cranny of the economy, can house do anything you know kudlow catechism on supply side tax cuts at least you know, tickle us a little bit, i always thought that lower taxes of a better idea than higher mr. speaker. >> yeah, are applying way too much common sense for washington. in house republicans, we're using our one vote margin, republicans are united on this idea, you lower tac tax burden on american people to spur on the economy. we have done that, i came in when president trump did, you were in administration, i got to congress the same year, we did a great
larry: mr. speaker, sthoo another point, you are fraisgracious with her time, inflation is a big issue. j. powell thrown in the cut towel, you talked about border problem and law and order and crime. another one, joe biden on tax day, monday, decided that raising taxes is a much better economic growth and tuna,proach than cutting taxes. says that trump tax cuts benefited a few wealthy people, i thought it benefited almost every nook and cranny of the economy, can house do anything you know...
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Apr 17, 2024
04/24
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jay powell's thrown in the towel.ill not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a few wealthy people. i thought it benefited almost every nook and cranny of the economy. now can the house do anything, you know, the kudlow catechism, the laffer catechism on supply-side tax cuts at least stir the pot, at least tickle just a little bit? i always thought lower taxes was a better idea than higher taxes, mr. speaker? >> yeah. you're trying to apply way too much common sense for washington. you know, larry, in the house republicans we have the smallest majority in u.s. history. one vote margin. we're using that because the r
jay powell's thrown in the towel.ill not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a few...
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Apr 30, 2024
04/24
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mr. kneedler. mr kneedler: justice, and may it please the court: in robinson, this cou hd that the government cannot criminalize status. and respondent has conceded he today that the city cannot criminalize the status of being homeless. our narrow submission in this se is that government cannot circumvent the principle o robinson by making it unlawful for a person trede in the jurisdiction if he has that status. th is what the ordinances here do. as appli tsomeone who has nowhere else to sleep, which is an essential human function, the ordinances are the eivent of making it a crime to be homeless while vi in grants pass. although we think the ninth circuit was rightoecognize that the core principle of robinson is implicated in this case, the court was wrong to award oainjunctive relief in the circumstances and manner in which it did. the robinson principle requires iividualized determination, and the ninth circuit's failure toequire such a determination and its issuance of much broader in
mr. kneedler. mr kneedler: justice, and may it please the court: in robinson, this cou hd that the government cannot criminalize status. and respondent has conceded he today that the city cannot criminalize the status of being homeless. our narrow submission in this se is that government cannot circumvent the principle o robinson by making it unlawful for a person trede in the jurisdiction if he has that status. th is what the ordinances here do. as appli tsomeone who has nowhere else to sleep,...
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Apr 24, 2024
04/24
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. >> sara jones yes , thank you, mr >> sara jones yes, thank you, mr speaken >> mr speaker, the conservativendon mayor has promoted islamophobic tropes online. shame on. >> he endorsed the beliefs of enoch powell . wow. enoch powell. wow. >> and claimed the black community has a problem with crime. yeah in the week that we marked the 31st anniversary of the murder of stephen lawrence, does the deputy prime minister really endorse these views here, deputy prime minister? >> well, i think the honourable lady knows that she does not correctly represent the views of the candidate. and i find i find it extraordinary that that i'm trying to extraordinary. she raises the issue of crime because whilst labour's london mayor has increased the precept by over 70, actually recorded crime has increased 20% in london. that is the record of the labour london mayor. and no wonder people will be voting against him . against him. >> sheryll murray thank you, mr speaken >> sheryll murray thank you, mr speaker. and i note that i'm the chair of the fisheries appg and thank the government for the recent pollock c
. >> sara jones yes , thank you, mr >> sara jones yes, thank you, mr speaken >> mr speaker, the conservativendon mayor has promoted islamophobic tropes online. shame on. >> he endorsed the beliefs of enoch powell . wow. enoch powell. wow. >> and claimed the black community has a problem with crime. yeah in the week that we marked the 31st anniversary of the murder of stephen lawrence, does the deputy prime minister really endorse these views here, deputy prime...
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Apr 22, 2024
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>> something you want to of the more professional ones that trump's lawyer, mr. blank, comes in the middle, so it's same. >> that donald trump is larger than life. but quote, he is also here in this courtroom doing what any of us would do defending himself and what blanche is doing here is reminding the jury, first of all, of the stakes second of all of the burden of proof. right? they don't have to prove anything. it's all on the other side of the courtroom. it's one of the few luxuries that you have as a defense lawyer. todd blanche is not going to pass on the podium. he's gonna be firm, but he's calm and he's a tactician and so is his co-counsel, susan necklace and karen, what your take on this so far this is just the defense you pretty much expected. >> absolutely. he came out the fighting. he so he's innocent. right? because that's not the not binary choice. the jury doesn't pick guilt or innocence. they pick guilt or not guilty. >> and todd blanch just noted that they're going to call mr. trump, president trump out of respect because he respect, quote, an a
>> something you want to of the more professional ones that trump's lawyer, mr. blank, comes in the middle, so it's same. >> that donald trump is larger than life. but quote, he is also here in this courtroom doing what any of us would do defending himself and what blanche is doing here is reminding the jury, first of all, of the stakes second of all of the burden of proof. right? they don't have to prove anything. it's all on the other side of the courtroom. it's one of the few...