haidi: still ahead we will be joined by a professor from the university of chicago. we will get his views on the u.s. economy, emerging markets, and the future of monetary policy. you do not want to miss out on that later this hour, but first the outlook for markets we are joined about -- in a discussion about which sectors are in bubble territory. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> even in the face of political turmoil, markets have marched on. investigate -- investors are keeping an eye on stimulus. we are joining us -- we are joined by a guest from new york. obviously you have been following the historic news events that we have all been trackin

and also said he cannot at the university of chicago find quite easy by looking. found the knowledge level and the risk that people felt of covid-19, the threat impose on them was lower. the knowledge was lower though skewed conservative for this a lot of data out there. i'm not a political scientist by watch that carefully always think about the impact of those things on my field, and public health and how people listen to or not listen to public health and guidance. >> it seems like all that backs up what we have been hearing this last year the last few years about echo chambers. people are costly being served news that reinforces her own political beliefs. speech i have some brave friends and colleagues who gotten death threats because they work on vaccines. they decide they're going to go on fox news, to going on media platforms for the think they're to get skewered. because they are so desperate to break out the echo chamber, they know and they tweet, when they put something on facebook of the "new york times" they have an idea of who's going to read it. on th

a professor of finance at the university of chicago school of business tells bloomberg the country's stability is a big factor for steady economic policy. >> we are still a long way for these companies to become -- countries to become fragile politically, but it is one step along the way. markets have ignored this, and typically, they ignore political development until they are staring them in the face. it's not clear that they will forever continue to ignore that. >> in terms of what this means for where the country goes next, is it the pandemic? is that part of the reason why it has gotten as tense as it has? where the for schuurs already there, and trump presidency just made it worse? >> it's not president trump by himself. he exploited divisions that were already there. certainly, his behavior has made things worse. i hope this is the last hurrah of a chaotic administration and we get a more sensible focus on the significant challenges of covid in the new administration, and as that fight gains strength, as we overcome covid, the sense of togetherness which builds in the country,

the 32 year old is accused of first walking into i into a garage in chicago where he shot and killed a university of chicago student yiran fan at random, then enters a nearby apartment building. there police say he shot two women, wounding a 77 year old, retrieving her mail. a security guards with killed. after allegedly killing two people, police say nightingale came here to this convenience store where he shot an 81 year old woman twice, and killed a 20 year old man, a short time later he shot into a car hitting a 15 year old girl. >> the 15 year old sustained a gunshot wound to the head and is in critical condition. >> the crime spree filled into suburban evanston, accused of a costing a woman inside a cvs and taking another woman hoss taj at an i hop across the street, nightingale shot her in the neck according to police. the chaos coming to an end when police shot and killed nightingale. the investigators say they found his gun. charmie de mar, cbs news, chicago. >> duncan: overseas now, divers have found parts of the wreckage of a jetliner that crashed into the sea shortly after takeoff yes

juan: you just mention some of your affiliations, for example the university of chicago. ink that has come to fruition, but you also have affiliations of course with the national archive and the library of congress, can you tell us about that? julieanna: sure, our main official affiliation is with the library of congress. that is mainly that is an important affiliation because we are housed at their packer campus, it is the largest facility for material anywhere in the world. i want to say this because archives are expensive business. it is very labor-intensive, it is not just interviews, but how do you guarantee long-term preservation? there was an organization called the association of moving image archives and specifically a man named james linder who became our godfather in terms of the archival world. he one time visited my office and i had these tapes and i was like what am i going to do? and he said that i think this belongs in the library of congress. we are the largest facility for av material anywhere in the world. it was filled by david packer, it means that we

fox news affect because it's been for many years but more recently, research came out at the university of chicago at the likelihood of person, mask wearing, physical distancing based on granular and they asked what you watch on that, they said those who watch the knowledge of the on them they were conservatives impact on public health public health all of that, we have been hearing these last few years about ago chambers among people are constantly being served news reinforces their own political beliefs. >> yes. the public health position on the vaccine have gone desolate because they work on vaccines. they decided they are going to go on fox news television they think will get on but they are so desperate but they know when they tweak and put something on facebook, they have an idea who is going to read it. how do we get past that? otherwise we just are kind of preaching to the choir. none of what we are talking about is brand-new in terms of misinformation or disinformation but i think social media for the acceleration of the and allowed us to create bigger echo chambers. we've done that for c

names who would know that there's such a distinction and he talked more about this yes the university of chicago edition really grow.

names who would know that there's such a distinction and he talked more about this yeah so the university of chicago did some really groundwork breaking our research right on this and they sent out resumes to over 5000 different employers across private public sector large to.

so after watergate in 18974, president ford chose the president of the universities of chicago, a guy named edward levi. people couldn't figure out his politics. he'd never been involved in politics and that was the reason he was the perfect person. he was paurts from the political warfare in the united states and he hadn't been in the department of justice in decades. very similar situation with judge garland, who i don't know personally but the reputation is that kind of person who's outside of politics. he knows the department in the way that matters. he knows its valuings. he'll get up to speed quickly on modern challenges and techniques but he knows that the department must be seen as an other in american life. it has to have a blindfold on the statue of ladies liberties and not a maga hat. it must make decisions that people can trust and not with regard to race or creeds or color or parties affiliation and i think he's the person to do that. it's an inspired pick. host: and you worked with sally yates, who was a contender as well. you both ended up getting removed there your pos

20012008 has been on the fourth is he worked in the reagan administration taught law at harvard, university of chicagos. we are excited to have you

names who would know that there's such a distinction and he talked more about this yeah so the university of chicago decision really groundwork breaking our research right on this and they sent out resumes to over 5000 different employers across private public sector large companies medium size small businesses they were trying to get a sense of the amount of discrimination in the labor market was really important in no ways in the resumes that they sent out it would be the same resumes they would just switch the names right the other thing that they would do is they would stress you know augment the strength of the quality of the resume right so increase the quality institution depth of experience length of experience so and so for and what they found was if you have you know. a black you know white sounding name you your callbacks would be 50 percent higher right on the other thing that they found was you know if you were at a white sounding name as the strength and quality of their resume increased right because we want to talk to the stronger candidates because back when it by 30 percent makes t

after watergate in 1974 president ford chose the president of the university of chicago, guide namedis politics, he'd never been involved in politics and that was the reason he was the perfect person he stopped he was apart from the political warfare in the united states. he had been the department of justice in decades. very similar situation with judge garland, who i don't know personally but who my reputation is that kind of person who's outside of politics, he knows the department in the way that matters, he knows it's values, he's a very smart person, he will get up to speed quickly on modern challenges and modern techniques. he knows what matters most that the department must be seen as a "other" in american life. it has to have a blindfold on the statue of lady liberty and not a maga hat. and must make decisions that people can trust are not with regard to race or creed or color or partisan affiliation. i think he's the kind of person to do that. >> host: you worked with sally yates who was a contender as well, during very tense time the first weeks and months of the trump pre

for many years, but more recently and last summer there was research that crime out of the university of chicago, number of studies, and they were looking at the likelihood that a person with -- lookdown measures, mask wearing, physical distancing based on where they skew politically and they went granular and looked at you may watch fox news but into you watch tucker karlson on hannity and then based on that and zip code data they said people who skewed more conservative to watch fox news andle -- this -- you end fie the study by looking but it found the knowledge level and the risk that people felt that covid-19 -- the threat it posed on them was lower, the knowledge was lower think threat perception was lower for those who skewed conservative. a lot of data out there. i watch that carefully. think but the impact of those things my field, pacific health, whether people will listen to or not listen to public health advice and guidance. >> that backs up what we have been hearing this last few years but the idea of echo chambers, being people being news that reinforced their own political beliefs

after watergate in 1974, president ford chose the president of the university of chicago, edward leavy, people couldn't figure out his politics, he'd never been involved in politics, and that was the reason he was the perfect person. he was apart from the political warfare in the u.s. he had not been the department of justice in decades. very similar situation with judge harland. who i don't know personally, but who by reputation is that kind of person, who was outside of politics. he knows the department and the way that matters. he knows its values. he's a very smart person. he will get up to speed quickly in modern challenges and techniques. but he knows what matters most, that the department must be seen as an other in american life. it has to have a blindfold on the statue of lady liberty and not a mag ahead. -- maga -- not a maga hat. to make decisions people can trust. i think he's the kind of person to do that. he's an inspired to pick. carol: and he worked with sally yates, who was a contender as well. -- you worked with sally yates, who was a contender, as well. you both ende

according to the universities of chicago and at notre dame. the pandemic has thrown 7.8 million americans into poverty. with a yearly income of $26,000. today the overall poverty rate stands at 11.75%. essentially the entire population of california. that's the largest in fastest increase in poverty since the 1960s when poverty tracking began. 70% of americans have less than $1000 in savings. uc berkeley says that instead of sending virtually everyone stimulus checks, much when into savings account and the stock market. that the biden administration will narrow who gets the checks to those who will spend it. >> we can direct more help to those who need it. >> reporter: stock markets are at record levels in the medium 401(k) balance is the best indicator of what the majority of americans have saved for retirement. those aged 60-80 has an average balance of hundred and $76,000 . >> if they withdraw 5% a year , that produces an $8800 check which equates to $733 a month minus mandatory tax. the pandemic has hit so hard. 27% of working are unemploye

of course but she's -- you know, they are very different lawyers. she was a courtroom prosecutor. he worked for a law firm in chicago and taught at the universitychicago. she went to a terrific law school but it's not a top ten, a lot of great lawyers, my father included. >> excellent. i want to ask about her sister, she ran the aclu in northern california. i'm wondering the influences she has, what roles this she play? >> i don't think i've ever met her. i suppose it's possible we've talked briefly on the phone once but don't remember ever talking with her. i know a lot of people who do know her, she was very much involved in the campaign here in 2008 and your listeners will know that prop eight was a nationalized height over same-sex month marriage. it didn't ultimately lead to the decision in declaring the constitutionality of seeing same-sex marriage but it was really important and that. she was head of the aclu and in northern california, one of the leaders in opposition proposition h. the organization raised more than $2 million to fight the initiative so what i know about kamala harris and maia is that they are incredibly close. they are

first of all, you mention the equity stake in bhr, estimates from some people at the university of chicagothat that stake is worth tens of millions of dollars. you had almost $5 million and chinese money transferred from cfc, a military connected energy company sends 200 writing. it you have the shopping spree, this is what america has to recognize. this corruption has been a way of life or the bidens for decades. it's not just hunter, it's not just frank, it's the biden five. it includes five new members of the methods and approaches and they circle around joe biden like moons around a planet and they cash in off of what he does. the recent report about joe admonishing his brother, two things stand out, it seems kind of precanned. it seems like they are trying to leak the fact that joe is concerned about this, even though the family has been doing this for decades. second of all, notice what joe biden actually tells his brother. what he says is, watch what you are doing, you don't want to get hurt. there is no mention of how this is corrupt, how this is going to look bad, how this is goin

council of economic advisers under the obama administration and currently a professor at the university of chicago'sool of business. happy new year, austan, thank you for joining us. >> you too. >> the s&p 500 gained more than 60% last year. let's take a look at other side of the coin here. nearly 20 million americans are on unemployment right now. another 787,000 people filed for first time unemployment last week. that doesn't even include pandemic unemployment assistance which was over 300 k. we're seeing long lines of people at food banks. why is this economic situation persisting? >> virus, virus, virus. i mean, the first thing is what's wrecking the economy and what's leading to this disparity between the very high end and the middle and below is that we live in two different economies. that was true before the virus showed up. and once the virus came in and made it so that people who can work from home basically maintained their incomes and people who have to work at a location, which tend to be lower income occupations, they can't go to work. you knew this was going to happen. and it's been m

that newly released survey conducted by the california healthcare foundation and the university of chicago71% of california residents said they will get the vaccine, when it becomes available for them. 13% say they would probably not be vaccinated and 16% said they would definitely not. the survey began in mid-november, that's before any vaccine was approved by the fda. the survey found that nearly 9 in 10 californians say it is important for governor newsom and lawmakers to make sure there are enough doctors and nurses and other healthcare providers to tackle the pandemic. kumasi? >> thank you, jobina. abc 7 news is monitoring the vaccine roll jourout and you ca on our vaccine tracker, 60% of doses received here in california have been administered. and that's an improvement. you can find this tracker on our home page at abc7news.com. >>> no lines like that this yea. the sale of the coveted brew is going on line for first time. russian brewing has tips if you're trying to buy. >>> and hedge funds and amateur traders are plotting their next moves as gamestop stock is soaring. you're lookin

joining me to discuss, jeffrey stone, a leading scholar, a professor at the university of chicago lawol. professor, some get loose with their language. not every dispute about speech is a first amendment issue. can you explain that? >> well, the first amendment, like other provisions of the constitution, applies only to government. whether federal or state or local. it does not apply to private actors. so, "the new york times" cannot violate anyone's first amendment rights nor can facebook or twitter. they are private entities. so the first amendment itself simply did not apply to the actionsch private organizations whether it be "newsweek" or cnn or twitter. >> thank you for clarifying. the "c" word, censorship comes with a heavy connotation. is this censorship? >> well, that it is censorship of a sort. it censorship means not allowing someone to speak isn't a particular context because one disapproves of the message that the individual will communicate. but on the other hand, it's important to understand that censorship of that sort is common in media. i have no right to be on cnn.

from the university of chicago then went to law school. he graduated from georgetown university. then just reading through her professional background, it's an array of experiences. deputy director of the cia deputy national security advisor on the foreign council and u.s. department office of legal advisors, clear for the sixth circuit court of appeals. and study judo in japan and on the baltimore city paper award for best independent bookstore. so not sure what else you will do with the rest of her new life with the rest of that with its new position. but it's an impressive array of varied accomplishments and experiences. and at last she health goals of multiple academic institutions and think tanks most recently . senior research scholar at columbia university. she's nastily the intelligence community through the office of director of national intelligence which was founded after the painful lessons of september 11th, 2,002,001. she coordinates the activities are new intelligence agencies and community and specific focus on areas of cybersecurity. which are more important than

bachelors degree in something that i never even took as a course, which is physics, from the university of chicagond then went to law school. she graduated from georgetown university. then just reading through her professional background, it's an array of experiences. deputy director of the cia deputy national security advisor on the foreign council and u.s. department office of legal advisors, clerk for the sixth circuit court of appeals. she studied judo in japan and on -- won the baltimore city paper award for best independent bookstore. so not sure what else you will do with the rest of your life, but since leaving government last she has held roles at multiple academic institutions, and most recently as a senior research scholar at columbia university. you have been asked to lead the intelligence community through the office of director of national intelligence which was , founded after the painful lessons of september 11th, 2001. and community and specific focus on areas of cybersecurity. which are more important than ever, counterintelligence, counterterrorism and to fruition. and as we've

one of the things, again going back to the university of chicago, i spent a lot of time reading the literatureof the totalitarian era and finding myself in awe at the courage of people who were prepared to speak and write against a regime that genuinely could do terrible things to you, send you two men stood to test mental gulags.ions, to think today of alexey navalny and that kind of courage. i moved jobs, but it did not take a lot of courage for me to say that this guy is totally unacceptable as president and i am going to keep saying it, even if i lose a few lunch dates in the process. i don't know -- i wish i could understand why it was so difficult for so many of my former fellow travelers and friends and comrades on the same, in mye to the view, utterly obvious judgment. i think it comes down to this notion that liberals or progressives are the enemy. maybe because i am married to someone who is well to the left guess,so i am, i sleeping with the enemy, if you will. americansto see other who just happen to have a different point of view as my enemy. i might think they are stupid, wrong,

. >>> joining me now, the professor at the university of chicago booth school of business. the former chairman of the council of economic advisers. welcome back to the broadcast. i'm glad to talk to you here. let's first look together to president biden's $1.9 trillion american rescue plan. when you break down what is in that plan, what is absolutely necessary in economic recovery and what could possibly be scaled back and decrease that price tag in terms of negotiation purposes? >> well, i think everything that is in it is critically important and i like that they're calling it a rescue package, not a stimulus. it is not a stimulus. stimulus is, government spends the money to try to jump start the economy. this is just trying to keep people from having permanent damage while we get this virus under control. if we can get the virus under control, through public health measures, through vaccine, et cetera, then we don't need near as much rescue money. but if we are going to be months getting that under control, and that we let the virus rage into its third or fourth peak, ho

he's accused of first walking into a garage in chicago where he shot and killed university of chicagoot two women, wounding a 77-year-old retrieving her mail. a security guard was killed. then they say he came here to this convenience store where he shot an 81-year-old woman twice and killed a 20-year-old man. a short time later, he shot into a car, hitting a 15-year-old girl. >> the 15-year-old sustained a gun shot wound to the head and is in critical condition. >> he's accused of acosting a woman inside a cvs and taking another woman hosten across the street. the chaos coming to an end when police shot and killed nightingale. they say they found his gun. cbs news, chicago. >>> overseas now, divers have found parts of a wreckage of a jetliner that crashed into the sea in jakarta, indonesia. an older model boeing 737. there were 62 people on board. and no survivors. >>> to spain now where the biggest snow storm in a decade brought the country to a stand still. and brought the kid out in some adults. including a snow ball fight in madrid. straight ahead, how the capitol chaos exposed a

. >> reporter: according to the university of chicago and notre dame the pandemic has thrown at 7.8 millionans into poverty. that's defined as a family of four. with a yearly income of $26,000. today the overall poverty rate stands at 11.75%. essentially the entire population of california. that is the largest in fastest increase in poverty from the 1960s when tracking poverty began. 70% of americans have less than $1000 in savings. 45% have no savings at all. economists a instead of sending stimulus checks i'm many went into savings accounts that the biden administration will narrow he gets checks to those who will spend it. primarily low income workers and a women. >> we can direct help to those who needed as opposed to sending $600 or $2000 checks to the vast majority of the population that has not lost any salary income, and has not lost retirement income. >> reporter: stock markets are at record levels. the median 401(k) balances $21,000. the best indication of what americans have saved for retirement. of those aged 60 to 80 , there balances $176,000. if they withdraw 5% annually to ke

the election survey of more than 4,000 georgians conducted by fox news by norc at the university of chicago these runoffs decide which party controlled the senate so with that on the mind on peach state voters? you bet that was. 6 of 10 said senate control is the single most factor in deciding their vote and can we get this, nearly 20-point difference between democrats and republicans here, about seven in ten republicans say party control was the biggest factor in their vote. for democrats, five in ten says the sai same. only 30% believe that votes were accurately counted in november. 70% say they don't think so. confidence off the charts with the winning team as 98% of democrats are very or somewhat confident. all georgia voters, 62% of a majority, saying the vote count was fair. out on the trail, the democratic candidates like to bring up allegations that republican incumbents kelly purdue david perdue andkelly loeffler n insider stock trading, while him all o all of those attacks committed any of them work? both voters see ossof and warnock too extreme in their political views for georgi

at the c3.ai transformations with microsoft and mit, berkley, princeton, carnegie mellon, university of chicagothat the next call for papers is going to be about ai and digital transformation to energy security and climate security so i think this is a natural application of ai where we can have a huge impact on safer energy, cleaner energy, more renewable energy using ai for carbon sequestration, what have you so yes, i think there is a very large opportunity there and we'll be -- the institute will be making a very large announcement on that shortly >> finally, tom, we had barry stiller on earlier this hour and he said, quote, we're beyond exuberant, unquote talking about the market you know, you just went through an ipo, not your first experience doing that. but the price, the valuation that c3.ai is getting now is so different from what the process suggested. reflect, if you will, on that. are you happy with how the process went as you try to manage the company from here and employee expectations, they have a stake in this as well. does it present challenges >> well, it's largely employee o

and joining me now is kathleen balu assistant professor at university of chicago and author of "bringah-jones. pulitzer prize winner reporter for the "new york times" magazine and creator of the 1619 project. thank you for being here. this was my dream panel for discussing this today. and kathleen, i started your book. umm, tell us, i've seen some of your interviews and you talk about the pretrump origins of this white power movement. tell us a little bit about that and how dangerous will it remain when he's gone? >> i think the problem here is that many of us are -- donald trump's role in inciting the violence we saw at the capitol last week but the problem is no matter what the president's role was in this groundswell, there's not enough evidence to know he will be able to call off the activists. we're talking about at least some part of wednesday's action as being comprised of people who have been interested in the violent overthrow of the united states government and harm of civilians since the '80s, a coalition of chance men, skin heads, and militia mens and other violent groups

remains dependent on the path of the virus and of course on vaccinations joining us now is university of chicago booth school of business professor. you know him, economics and former federal reserve board governor randy, thank you for being here and lending your perspective a point i wanted to bring up was this notion that the fed can do so much but that the things that it didwere there and perhaps viewed as the lesser of evils. the fed has to keep doing what it's doing, right, to save businesses and jobs in america during the pandemic. >> i think really what the fed does is provide the foundation for recovery they can try to prevent a health crisis turning into a financial crisis we were in danger of that in february and march but when the fed cut rates to zero, providedly didty, provided lending programs that took out concern that markets would -- a market dysfunction that they were able to eliminate and they provide d liquidity. but if people are afraid to go out, the economy cannot recover. >> so what exactly does the fed have in terms of its biggest task, the biggest one it has to accompli

austan goolsbee, currently an economics professor at the university of chicago's business school.d to see you. you know the president-elect well. you've seen him in action. what does that tell you about he's going to tackle this dire situation when he takes office later this month with regard to the economy? >> well, i mean the poor guy. the last time he took office, we're in the worst economic crisis since the depression, and now he's going to come in as president-elect and, if anything, it's even worse. i think he was in charge of the enforcement and execution of the stimulus the last time, and my observation of the president-elect is that he's very concerned with the blocking and tackling of getting things out the door. at that time, get the money out the door, make sure that it's not being wasted, make sure it's being spent the way it's supposed to. we could have used that attention to detail when we've been trying to get this vaccine out. i think president trump doesn't want to be there. i think this has spiraled so far out of his control that he just wants to be done. it's i

[laughter] so when he went to the university of chicago, he was a classical disc jockey on the studentadio station. david: ok. ruth: then, in the years he was dropping in and out of law school, he was also making recordings, and one day he told us he liked what he was doing much more than his law classes. so we said, "fine. that's what you want to do." david: ok. ruth: and today his label is cedille, and his recordings are gems. david: so do you have any grandchildren? ruth: i have 4 grandchildren, two step-grandchildren, and one great-grandchild. david: ok. [applause] and what do your, uh-- do your grandchildren call you "rbg" or what do they call you? [laughter] ruth: i'm a jewish grandmother, so i am called "bubbe." david: ok, so when you went to cornell, your grades were obviously very good. you applied to law school at harvard, you got into harvard law school. was the class half women and half men, or-- ruth: ho ho! david: that time? ruth: in those ancient days-- i went to law school from '56 to '59--in my entering class at harvard law school, there were over 500 in the class. nin

of course similarities. she is, they are very different lawyers. she was a courtroom prosecutor. he worked for a boutique law firm in chicago. taught at the university of chicago. he is a harvard guy, shoot university of california hastings which is a terrific law school. but you know it's not one of the top ten. but used a lot of great lawyers, my daughter included. >> host: excellent. i also went to ask you little bit about vice president harris sister, my amp. then extremely close relationship. my aunt ran you clu in northern california. i'm wondering how much influence my house over harris' thinking? what role do you expect her to now play that harris has ascended to vice president? >> i don't think i've ever met maya. i suppose we talked briefly on the phone once who do hone know her she was very much involved in the proposition eight campaign in 2008, your listeners, viewers, there really and nationalized over same marriage. they put it on the ballots. he did not ultimately lead to the decision to declare the constitutionality of same-sex marriage. it is really important that whole fight. my harris was head of the aclu for northern california.

. >> reporter: james ludwig runs the university of chicago crime lab. >> if you look at the gun-violence problem, that's usually concentrated among young people. say, 18 to 24. something like 70 to 75% of people 18 to 24 are showing anxiety, depression, increased substance use in response. i think one of the things maybe people haven't fully appreciated is how much the social-service sector does to help control crime, as well. and everything that the social-service sector does has also been turned upside down by the pandemic as well. starting with the public schools, as well as after-school programs, weekend programs, job training, mental-health services. everything. >> this has been a challenging year, in that regard. i think, for a lot of reasons. you know, one, people are walking around wearing masks. you know, that -- that -- that has an impact. >> reporter: as white and his mentee, john, pledge to help, tears fall faster than both can wipe away. >> it's not tears of sadness. these good tears. i want to be able to, like, help other folks get through they pain and suffering because it

because another former, well, obama official, who is now at the university of chicago, says if you do not get the virus under control, your stimulus is just going to keep washing away. do you agree with that? is this may be the beginning of the package? doug: i completely agree with that. we have big supply constraints on the economy. we have a big chunk of economic activity, which is high income individuals spending on services which is just missing, and it will not come back until the virus is controlled. if you really want a fully functioning u.s. economy, you have to do with the virus. that component is very important. as important of the money is the fact that the president of the u.s. will only distribution and implementation of the vaccine. that kind of residential -- presidential ownership and leadership is necessary for success. haidi: one of the other pieces looking through the components of this repose of, $350 billion for state and local governments. that will be controversial because republicans will just say this is a bailout from mismanaged local governments. what could

haines has a bachelors degree in something i never even took as a course, which is physics from university of chicago then went to law school and graduated from georgetown university law center. just reading through her professional background, it's an array ofs experiences, deputy director of the cia, deputy national security adviser on the staff of the senate foreign relations committee, at the office of white house counsel, the is department office of legal advisor, clerk for the sixth circuit court of appeals, and studied judo in japan and she won the baltimore city paper award for best independent bookstore. i'm not sure what else you're going to do with the rest of her life after all that this new position, but it's impressive array of their accomplishments and experiences. since leaving the last she's held roles at multiple i get an institution think tanks, priestly and principally as a senior research scholar at columbia university. ms. haines, you've been asked to lead the intelligence community's focal point for intelligence integration. founded at the painful lessons of september 11, 2001

it's our out in from the university of chicago press. highly recommended to you, and thanks to all of you for joining. >>> a look at the most notable packed of 2020 according to the new york public library. in hidden valley road, robert coker profiles the galvin family and con 'tises of 12 children, half of whom were diagnosed with skits friendy. micky kendall argues that feminism is too focused on already privileged women rather than the basic need of all women. and in the undocumented american, karla reflects on her love as an up documented immigrant. also on the new york public library's list of 2020noteable books, a collection of essays on nature in wow world of wonders "and claudia ranken argues that america must confront white privilege in" just us ." >> we're not in germanys where germans can save i didn't know what was going on in the camps. these things are happening in the freed, they're on the news, happening again and again and again. so the choice to not know is really a deliberate act or forgetting or lack of engagement, a