real estate prices in tokyo are hovering close to 30 year highs are bought by the real estate economic institute shows the average flat cost around $550000.00 us dollars the market has been severely depressed since 1900 when the real estate bubble burst taking the economy with it analysts say rising results costs including labor and a loose monetary policy now inflating cotto prices again. and locusts continue to threaten crops across a wide swathe of africa and the southwest of asia the united nations warns that mass forms are in danger of food supplies cyclons in saudi arabia and yemen triggered the crisis creating ideal conditions for the desert locust to multiply. the british pound slum tough their prime minister bars johnson stepped up his threats to walk away from trade talks with the european union soling fell more than one percent against the dollar as johnson said he would not sign up to e.u. rules on competition policy or state 8 that contrasted with the e.u. use chief negotiator. who said maintaining a level playing field will be key to the boat and gets money to britain the deadline

he -- on the availability of goods around the world turn we talked to a researcher at the economic policy institutehe says the economic impact is significant but he does not think it will be felt in the long term. >> i think the impact is strong us within china itself. todayample they announced they are to delay the annual auto show in beijing, this is a big disruption. they reflect the fact that industries that have big complex supply chains, like automobiles and electronics, with thousands of parts going into each of , are vulnerable to supply chain disruption. but iould have an impact do not think it will extend beyond one or two quarters. previous majort epidemics and environment disasters, and the evidence does not support the view that it will be a very big impact over a your two. -- over one or two years. >> the european union is launching new air and sea patrols in the mediterranean it to stop weapons reaching libyans warring sides. after weeks the patrols could start as soon as next month. initially operating in international waters. europe's foreign policy chief says that you cannot patro

the economic socialist arguments are applications of the political principle of democracy to economic institutions. saying if we evaluate the work place like we evaluate the government would it conform to -- have democratic legitimacy and the answer is no, most corporations are top-down hierarchies and we would call them dictatorships if they were governments. so socialism should be about democracy because they come from the same instinct. >> final question. >> back there. >> i want to -- question about how you think about labels in political discussion? spend a lot of time talking about what is socialist and isn't and i see the value of preventing people from being scared but socialism and have a good discussion about justice. >> the question was about do you even like using labels? you shay whoa you should be a and then insert label. one of me old teachers said to me, i love eave sing -- every single element of bernie sanders but a i can't do it, he's a socialist. can't stand the label. do the labels hurt or help? >> i sort of changed my mind on this. i say in the book that it it's kind of frust

talk to robert scott about this director of trade and manufacturing policy research at the economic policy institute says the economic impact of coronavirus is significant but he doesn't think it'll be felt in the long term well i think the economic impact has certainly been the strongest within china itself for example them announce today that they're going to delay the annual auto show in beijing this is a big disruption and it reflects the fact that industries that have big complex supply chains like us are no beals and i want tronics with thousands of parts going to each of those kinds of products and i phones and computers and cars are very vulnerable to supply chain disruptions and i think this could have an impact but i don't think it's going to extend beyond perhaps one or 2 quarters. i've looked at some of the previous major demick so and environment was asters and the evidence is just doesn't support you that it's going to be a very big impact. over say a year or 2. now the european union is to launch new sea and air patrols in the eastern mediterranean to try to stop more weapons reaching

afghan institutions, both their security institutions, their political institutions, and their economic institutions, so that if the taliban is not ready to make a peace agreement now, the society can continue to function and continue to try to provide security and prosperity in a positive prospect for their people. overwhelmingly in afghanistan do not want to fall under taliban rule. they do not want to give up and let the taliban come in. is,ink what our plan c or d is to do all we can to help afghan society do what it has been doing over the last 19 years, to put itself in a position that even in the face of an ongoing taliban presence that is unwilling to make peace, they can continue to survive as the talibannot let be a strategic challenge or strategic threat to the future of the afghan state. mr. olson: i would also just add on the lessons of the 1990's or maybe more precisely the lessons this peace88, process fundamentally recognizes there has to be an inter-afghan political discussion, which was i think a widely perceived a failing of the geneva accords which did not have a clear political

the economic knowledge, institutional knowledge is incredible and the issues are endlessly interesting. you asked you before, i didn't answer but i meant to, members of congress can disagree with us. sometimes the challenge and my responsibilities to explain it. if a member says this is wrong or a staffer says this is wrong, can you explain it, i have to be able to explain it in a way that is sensible. >> how many opinions have you changed? phillip: it is not that i am trying to change opinions. i am trying to explain this is why -- >> say, oh i understand why you say -- phillip: it happens. i will not name members, but -- >> you are welcome too. phillip: there are some answers, not that it is complex but thinking through all of the ways the economy interacts with the budget. we do a lot of work on health care for example. there is provisions that would affect drug prices. that has a budgetary impact. the federal government subsidizes insurance premiums through the tax code. everything was back to the tax code. employers want tax insurance deductible and then through the afford will ca

need to know, if you're going to radically create a revolution and radically overturn every economic institution that's in place, that, or at least the way we approach economics in this country, you're going to have to give us a price tag. he still can't do that. elizabeth warren did and suffered another poor finish in another important primary or caucus. >> we think. i mean, still counting in nevada. what's going on? good morning and welcome to "morning joe." it's monday february 24th. to tart things off the host of msnbc the "politicsnation" and president of the national action network reverend al sharpton. and former chief of staff to the dccc and former director of strategic communications for hillary clinton's 2016 presidential campaign, adrienne ed rod is with us this morning. watching everything unfold in nevada all weekend long. on the other side the globe, president trump is in the middle of a packed swing through india. he spoke to a crowd of more than 100,000 people this morning, and is now touring some of the country's most important landmarks. we'll dough live to the a.p.'s jonathan

loses nearly 4000000 jobs to china since w t o entry a newly released study by the economic policy institute reaches a devastating.

maybe doing well, but that's not reflected in our paychecks that is unless you're rich the economic policy institute has reported that the median increase in 2019 paychecks was slower than expected. at just one percent that while earners at the top of the income ladder received the largest increase 4 and a half percent economists are struggling to explain the sluggish wage growth for average and low earners the labor market is healthy and the unemployment rate sits at and near 50 year low. >>next at 5.30 blooming all and orchards are being damaged why property owners are blaming selfies for the problem. >>and one man thought was a small be problem turns out to be a massive issue how he handled this huge hive in his backyard and tonight 5 more people in the bay area are now possibly infected with the coronavirus well the latest coronavirus well the latest from travis air force z3r07z z1ncz y3r07y y1ncy fisn't just about polar bears. we're fighting for our lives, we're fighting for clean air and clean water.

and to discuss the wider impact of this story we have rob scott senior economist at the economic policy institute and joining us from the university of notre dame in indiana trying to export good friend of mine professor joshua eisenman so glad to have you all with us today i please let me just start with you can you just kind of give us the dashboard of how we ought to be thinking about the coronavirus and what we're seeing in the world today give us the science and then tell us what is what is unfolding and whether we should be panicked. so our well i think we know that pandemic respiratory virus is one of the biggest threats that from an infectious disease standpoint that we have to be concerned about and this is a novel virus meaning that it is one that hasn't spread in humans before so that's one of the reasons that it causes a threat we don't have immunity in the human population to this virus it started and was 1st detected in mid december in china city and apparently spread fairly rapidly in that area and then expanded out to the who bay province people think that it came from this while

information about its overall economic impact which is our event substantial i must say a lot of stuff to digest jeffrey tucker editorial director of the american institute for economic research thank you so much. time now for a quick break but hang in there because when we come back we take a look at biohacking the quest for a better longer more efficient life if you're going to believe what some silicon valley leaders are doing trying to trick their bodies into running at top performance and as we go to break here the sad said numbers at the core of. the. television propaganda machine propaganda outlet propaganda tools we are getting information. that can change the way. we do you tube videos that. as much of a. net. plus you brush is russia russia russia say. well i will show. you that they will choose russia and i'm really happy to join you see you then on our. you are so proud and still. are just getting the number. why have you not shut down our t.v. on you tube it's a propaganda machine mr walker. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalist attacks particularly on the cath

loses nearly 4000000 jobs to china since w t o entry a newly released study by the economic policy institute reaches a devastating but not surprising conclusion globalization has screwed american workers e.p.i. estimates that americans sacrificed 3700000 jobs as a result of the u.s. china trade deficit since china joined the w t o in 2001 with 3 quarters of the losses taken place and manufacturing positions they also point out that job losses to china have increased since trump took office right this is what i'm talking about the tariffs and trade policies replaced having a yardstick for the global economy like a gold standard right there is no gold step. and so you bring china into the global economy based on people's conception of what a trade policies should be a what tariffs should be right that's the old polish bureau from the soviet union trying to figure out how many tractors we should manufacture and it doesn't work you need to have a standard unit of money in the globe to have global trade once you get rid of that as now we have no global standard of money in the world you will open

also running for president joining us now to discuss an editorial director of the american institute for economic research jeffrey tucker himself. so dorothy in took a long time to step down here i mean he really only recused himself as the justice department started to really focus on the doubleclick acquisition which arguably you could look at that and say that became the biggest piece in this antitrust puzzle correct. yeah that's exactly right and he had to recuse himself i mean i guess nobody who actually wants to do this because then the problem with this kind of public announcements is that you're revealing to everybody that these antitrust actions are inherently political and that there's a self interest on the part of government officials in in them so yeah there's a revolving door between private enterprise and government bureaucracies so just having to make this announcement just sort of underscores that and undermines public confidence and then to trust which is a good thing actually because there's no actually trust action on the part of the justice department that isn't already kind

information about its overall economic impact which is our event substantial i must say a lot of stuff to digest jeffrey tucker editorial director of the american institute for economic research thank you so much. time now for a quick break but hang in there because when we come back we take a look at biohacking the quest for a better longer more efficient life you're going to believe what some silicon valley leaders are doing trying to trick their bodies into running at top performance and as we go to break here's the sad sad numbers of the court. that. and i think is a leader just almost. an irishman i can't. imagine anyone knowing. what i want. and there's no no don't you know you not. can if you could vote all of them ok if this. was not going to match the data it will be like the battle they have laid for the last 3 of a garage and i don't know that i'm going to get. some of that having. given people. who give the nod to me i mean come on what the how do we slow our d. a soon i'll show you now and not go again need the whole corn dog for. why i didn't know what i wanna hear was so and i think just. the 4. points are actually used now they live bette

economic impact which has already been substantial i must say. a lot of stuff today just jeffrey tucker editorial director of the american institute for economic research thank you so much. time now for a quick break but hang in there because when we come back we take a look at bio hacking the quest for a better longer more efficient life you're going to believe what some silicon valley leaders are doing trying to trick their bodies into running at top performance and as we go to break here the sad said numbers of the cuts. and there's enough to not. can if you could vote was more great if the. lost not going to match the d.n.a. it will be like a bad day only for the lastly of a large that it will be. the one that having. people come people. who give the neither you. nor jane need the whole. why do. so and i think she is just an honest one. the point is should we actually be charging for it because this is when we charge for things is because it's a benefit to the person who's buying it and that's the audiology to education about 30 or 40 years ago but the perspective of education was originally that education is a benefit for society in general i woul

information about its overall economic impact which has already been substantial i must say a lot of stuff to digest jeffrey tucker editorial director of the american institute for economic research thank you so much. time now for a quick break but hang in there because when we come back we take a look at biohacking the quest for a better longer more efficient life you're going to believe what some silicon valley leaders are doing trying to trick their bodies into running at top performance and as we go to break here's the sad sad numbers of the court. that. this is later system was. not hard at least not for this matter that they're. going. to have. and there is no known times you know not. all of them ok it. was not a master plan a kill without a battle they only. took advice that it was not going to be. the one that had been . given for people. who give the name not a. what the how they were not allowed our d. s. when i last saw him now and not those they need the whole corner. admin now let out on a year or so and i think just just anonymously. the point is should we actually be charging for education because this is when we charge for things it's becaus

information about its overall economic impact which is already been substantial i must say a lot of stuff to digest jeffrey tucker editorial director of the american institute for economic research thank you so much. time now for a quick break but hang in there because when we come back we take a look at bio hacking the quest for a better longer more efficient life if you're going to believe what some silicon valley leaders are doing trying to trick their bodies into running at top performance and as we go to break here's the sad said members of the court. and there's enough to not. vote all of them ok if the. last man in a match the man he had killed with about who they are only going to ask the public at large that all of them are going to be. the one that having. even. if they're not immune to. what the how do we. assume. they need the whole corn. and i don't see. the point is should we actually be charging for education because this is when we charge for things is because it's been a benefit to the person who's buying it and that's the audiology that took over education about 30 or 40 years ago but the perspective of education was originally that educat

senior international coniston director of trade and manufacturing policy research at the economic policy institute nice to have you with us robert i've just outlined maybe not worst case scenario but all the things which could go wrong at this point can you give us an idea of what actually has gone wrong i mean i mentioned apple they're saying they won't meet their revenues so this is what happens sometimes the picture phrases. so we're going to try to reconnect with robert in a moment i just thought he was sitting very still fully reconnect with him and talk a bit more about that. asian countries of course feeling this economic pressure of coronavirus cambodia's economy for example depends heavily on beijing now its government is warning of job losses as when hate reports from from pen. the skyline in cambodia's capital phnom penh has changed dramatically in recent years buildings went up rapidly as the money flowed in mainly from china cambodia's largest investor but china's economy is grinding to a halt making for uncertain times for many including the 200000 cambodians employed in the construc

for the american institute for economic research who joins us here in studio jeffrey good to have you know you're going to see van ok so the idea here is that the fed is warning of the growing federal deficit it's almost laughable right because it kind of really it is the one entity more than any other that is contributing to the deficit and the influx of cheap money into the market propped up market and it's all thanks to the fed correct well i mean that's been the hope one of the central banks from the beginning to back federal debt to be to make the country to big to fail and thereby guarantee all the banks and the problem is that creates a moral hazard that's why all the spending restraints from the politicians don't work a constitutional amendment wouldn't fix it all the railing against high spending that is never worked and the reason is because the fed is there to bell everybody and all the money anybody needs the states can't get away with this you can't get away with this families can't get away with some of the. already do the level of that maybe because of the central bank

demonstrated in their ejection of the union lateral course of measures and the which you can institute economic tattered and collective punishment this was boasted about by some delegations here i also thank the staff of the secretary for their close review and follow up or of the 900 official letters regarding the so-called the crisis in syria. mr president. excuse me for a moment i thought i am in the security council which should in accordance with the charter we entrusted with mentoring international peace and security but not in the council where some permanent members governments to change or turn into and nato forum and to incite against my country and to discredit it and to exercise all types of pressure on the syrian state including through hysterically calling for repeated meetings on the situation in my country and requesting the secretary are to provide numerous reports and briefings to serve as their interventionist and aggressive goals and you have heard all of you have heard the intervention of the us thurmont are present at the when she said that turkey is a nato ally so this is

mary lovely come senior fellow at the peterson institute for economics and washington.g up, are we living and a decadent society? that is the thesis of ross douthat's new book. that is next. this is "balance of power." ♪ this is "balance of power." i am david westin. change has become a commonplace with what seems like a revolution in technology and politics and society, coming with what feels like increasing rapidity. new york times columnist ross douthat has taken a fresh look at the developed world over the last 50 years concluding that desk concluding it is an illusion. closer to running around in a circle, albeit maybe faster and faster. he has written about it in his new book "the decadent society: how we became the victims of our own success." great to have you here. one of the great things about this book, is specifically dates when we became a decadent society. i am old enough to remember watching a man land on the moon. that was it. >> that is sort of the convenient peak that i start with. the argument in the book is basically if you go back to 1969 and trace

the economic policy institute says two factors driving this. employees aren't getting the higher wages ather job quickly. wage growth has been pretty much flat for most americans. a dip below 3% for the first time in a year and a half. >>> a staunch trump loyalist fiercely partisan is now the nation's acting spy chief. tapped by the president to be the acting director to national intelligence even in an acting role grenell's lack of experience is likely to rattle the intel community. the community has already endured rebeatpeated attacks. >> his appointment is even raising concerns among the president's allies. grenell has zero intelligence related experience, and one trump advisor describes him as, quote, out of his league for the dni job. the dni role was formed for the purpose of coordinating intel intelligences in the wake of 9/11. the president has relied on acting officials. as you know mick mulvaney has been acting chief of staff for more than a year. >>> it's sentencing day for roger stone. federal judge amy berman jackson says it's not

the economic knowledge, the institutional knowledge is incredible, and the issues are just endlessly interesting. and you asked me before, i didn't answer this directly but i meant to, is members of congress can disagree with us. and sometimes the challenge and my responsibility is to explain it. if a member says, this is wrong, or a staffer says this is wrong, can you explain it, i have to be able to explain it in a way that is sensible. if i can't explain it, i'm not doing my job. >> in that eight months, how many member's opinions have you changed? mr. swagel: it is not that i am trying to change opinions. i'm trying to explain, here is how we -- >> how money of them have said -- how many of them have said, oh i understand why you say it that way now. mr. swagel: it happens. i will not name members, but -- >> you are welcome to. mr. swagel: there are some issues -- it is not that it is complex but thinking through all of the ways the economy interacts with the budget. so we do a lot of work on health care, for example. and so there are provisions that would affect drug prices. and

america, and the australian continent rose by 320% over the past five years according to the institute for economics and peace. including the 2018 mass shooting of 11 jewish worshippers at a pittsburgh synagogue. earlier this month, fbi director christopher wray raised racially and ethnically motivated violent extremists to the same threat level as isis. experts say the violence comes from more anti-immigrant sentiment in public debate. >> there's clearly a growing number of people, still a very small minority, that decide to take these rhetorical sentiments and translate them into violence.ter:arliers raie against islam, hoping to make hatred mainstream in a country still struggling with its painful past go a accusedt the them of planning attacks on mosques throughout the country. lester >> all right matt, thank you. >>> federal authoritie warning of the dangers of pointing a laser at an aircraft after a california highway patrol plane was targeted this week and a suspect was quickly arrested here's tom costello. >> reporter: it happened monday night. a sharp blue laser lighting up the cockpit of a

analysis on this from robert scott's director of trade in manufacturing policy research at the economic policy institute and he's looked at the impact of other epidemics and explains how long lasting the economic fallout might be. well i think the economic impact is certainly been strongest within china itself for example them announced today that they're going to delay the annual auto show in beijing this is a big disruption and it reflects the fact that industries that have big complex supply chains like on the beales and electronics with thousands of parts going to each of those kinds of products and i phones and and computers and cars are very vulnerable to supply chain disruptions and i think this could have an impact but i don't think it's going to extend beyond perhaps one or 2 quarters. i've looked at some of the previous major epidemics and environmental disasters and the evidence is just doesn't support the view that it's going to be a very big impact. over say a year or 2 we've really expanded the dependence on china with the supply chains about a quarter of i think all manufacturing product

according to the economic policy institute, the difference in median wealth between white and black families. white families average 171, not average, median, half of all families have wealth higher than this and half of all families have wealth lower than this. look at this for blacks, one-tenth the wealth of white families and much of this has to do with property ownership. to discuss this some more, i want to bring in my guest brookings fellow and the author of the upcoming book "know your price" andre perry and economist and president of bennett college dr. julieanne morvoe. welcome to both of you. thank you for joining us. >> thank you for having us. >> i want to ask you first, redlining effectively ended in 1965, made illegal. it didn't actually end in 1965. the practice in some form or other have continued long after. the idea that the housing authority wouldn't guarantee a mortgage or insure a mortgage for people inside the red line stopped in 1965. what happened after that? >> well, 1968, the fair housing act certainly outlawed race discrimination in housing and didn't stop the patt

the board well let's bring in robert scott he's a senior international economist at the economic policy institute he joins us via skype from potomac in the u.s. state of maryland so we know that u.s. stocks have taken a battering over the coronavirus haven't they that when the dow jones so its worst of a points drop in history how much pressure will the fed be on the to cut rates in response to the virus do you think. i think there will be some pressure on the fed is no question unfortunately the fed doesn't have much room to move already we've seen defensemen the united states fall for the last 3 quarters so even if the fed does cut rates it's not going to have much effect on the real economy or on markets for that matter i think what we really need to see in the united states is a concerted effort from congress to appropriate the funds needed for both prevention and treatment of this of this pandemic as well as for recovery in areas and industries that are affected and robert european shares are also in trouble the footsie $100.00 fell 4 percent and share as a set for their worst week since the