a big part of re definition of wealth and a redefinition of the balance between capital and labor and political power, which i call agency control of your life and say in public decisions, right? control of labor is, is a great topic, and it seemed like cyclically speaking. historically speaking, we see periods where capital is in control. receive periods were labor's in control . in the 1970 labor, had a big a say, and the economic decisions being made. the minimum wage was high, labor unions are a strong starting with ronald reagan started to unwind. remember he famously fire the air traffic controllers in the united states. so are you saying that we're entering into a cyclical period? that's more pro labor we're labor has leverage, certainly in the locked downs, charles, you know, labor's been able to exercise their collective bargaining a lot more effectively. and i think we have to look at a generational thing here. the boomers are retiring and for all the younger generations. that's good riddance, which i totally understand. so the millennials there's, there's some, several movements here that are i think, manifestations o

the issue of lower income households not being able to afford important household items like gas and food. it does seem the attention has shifted to controlling inflation and away from the laborket recovery. taylor: we certainly heard that about the struggles of trying to afford basic food necessities. i'm curious about any structural shift you see underway. we were having a great conversation earlier. this shift particularly when it comes to the labor force participation. did something change permanently or are we thinking we can eventually see some of these people back into the labor force ? >> is important -- schools closed in chicago recently and we sell other districts not able to reopen. that prevents mothers from being able to work on a regular schedule. you have people very concerned about the health of the pandemic. it is going to take the pandemic for us to understand whether the labor force participation rate will recover or remain at this lower level. romaine: overall, we are talking about job growth here that has averaged in 2020 one, something like 500 k or something like that. is there a general sense here of what the longer-term sustainable rate of growth can

of the labor market. this is where it will be more difficult for the fed to control inflation. ow, many of these government programs have backed off and removed competition with the private sector to entice workers into the labor market. incoming workers, new hires still have that elevated level of expectation for earnings. so we do expect this upward momentum in wages to continue for some time. this is going to be more sticky. this will be a variable that the fed will have more difficulty controlling with traditional monetary policy by raising the federal funds. lisa: when did this move from being a good thing from the economy -- for the economy to a wage spiral that kills growth? lindsey: i think at this point, you could argue we are already in that wage price spiral. higher wages are already leading companies to increase prices even more, which are leading workers to demand even higher compensation. i think at this point, we can argue we see at least the early signs of a wage price spiral. this will be a very difficult scenario for the fed. yes, the fed wants to control infla

anti government. protests authority say they have now regained full control in the central asian nation. labor unions have paralyzed parts of lebanon, with a general strike, bus truck and taxi drivers, blocked major highways and roads in the capital b route. and universities and schools were closed all over the country. lebanon has been suffering one of the world's worst economic crises. protestors are angry at what they describe as government inaction. flooding and landslides have killed at least 10 people in brazil's south eastern state of mean us get ice. the region has been hit by extensive rains for more than 2 months. at least 70000 people have been forced to leave their homes to the u. k. now, where parts of public life are being severely affected by staff shortages, brought on by the spread of the arm across corona virus variant. up to 200000 daily new cases have been reported on out. the government is planning to cut the minimum isolation period for those with covert 19 from $7.00 to $5.00 days, hoping to ease desperate situation in a nation where on the cross spreading fast, staff absences and crucial services, a

of the right to work status. that was a big slap in the face to all the labor organizations that fought so hard to give democrats control of the state of virginia. host: as far as governor northam's term which ends today what do you think were is a major accomplishments? caller: i think he did a lot for almost every other democrat leaning group, environmentalists, pro-choice. but when it came to labor he was a big slap in the face. host: ok. robert in virginia beach. he mentioned the governor-elect slated to become governor today. if you want to see that ceremony at 7:00 is how you can do that. c-span, he will be sworn in as the 74th governor. we will show you the inaugural address at 7:00 tonight on c-span. let's hear from greg in colorado. good morning. caller: good morning. thank you to c-span. one of our biggest if not the biggest concerns in colorado is human because climate change. i am sure everyone has seen the massive fire in boulder that caused the most damage we have ever had. last summer we had the three largest fires in our history burning at once. things are not good here as far as that goes. our water is

point of fact, the national network of forced labor camps still exists in china and is populated by untold numbers of political prisoners. number four, party control of mass communications. through the 90 million members and unlimited budget, the c.c.p. controls all means of mass communications, especially the social media. the majority of the china people know only what they read or see or hear on a government-run media. for them, for example, there is no such thing as the tiananmen square massacre. number five, party control of the military, all major military decisions are approved by the central committee of the communist party in accordance with mao's "maxim," political power grows out of the barrel of a gun. finally, six, a centrally controlled economy. now here one could argue socialism with chinese characteristics is some kind of a difference from out and out max -- marxism, hard market socialism in which all decisions are made by the c.c.p. you know, visitors to china, i was there a little over a decade ago are often misled by the many skyscrapers that beijing, shanghai, and other major cities. those skyscrapers are not capitalist observa

protests authority say they have now regained full control in the central asian nation. public transportation and labor unions have paralyzed parts of lebanon, with a general strike, bus truck and taxi drivers, blocked major highways and roads in the capitol. they route and universities and schools were closed all over the country. lebanon has been suffering or the world's worst economic crises. protesters are angry at what they describe as government inaction. india is experiencing a rapid rise in coven 19 infections as the arm across wave hits the country. new daily cases have searched to almost 250002 the highest number of infection since late may. this, despite nearly 70 percent of all adults hadn't received at least one dose of a vaccine. even though fewer patients with on the crime infections have been hospitalized, this new wave has had hospital staff hard with frontline workers falling ill. d, w reporters and delhi looked into what can be expected as india confronts the new variance anew. you're a massive new we've in india, often months of low infection rates, or with 19 keith numbers have shot up. the code below the band o

solutions, that is getting rid of roadblocks to hiring and confusion in labor markets and stepping away from all of the spending and getting people's pocketbooks back under controltting them back on the job. the government thinks it will solve problems by spending money they don't have. people need to get back to work, that is how you unsnarl the supply chain crisis. it starts with the president. he wants to blame businesses and other countries, everything except his own policy. look in the mirror, this is biden's problem, nobody else's. >> todd: it starts with acknowledgment that it is his problem and there is a problem. statements like this don't lead you to believe he understandss how bad the problem is. this is on the december cti report, showing meaningful reduction in headline inflation with gas prices and food prices fall demonstrate we are making progress and slowing the rate of increases. have our expectations sunk so low biden says we should be happy with what we've got? >> brian: i think his expectations for what america is capable of have sunk so low, he wants to pass off 7% inflation as progress. the rest of america is saying, president, you are fai

so how much of a jurisdictional fight has been between a labor controlled state government in victoria and the federal liberal government in cambra? well, there has been some, although i don't think that's been the sort of most important element of this. i don't mean because it's always been exacerbated already the politic, the political fractious relationship between state and federal, especially with this case, it has exacerbated it, but i think it's probably better to say that in fact it, it wouldn't have been this poorly handled between the 2 levels of government, if that were from the same political party, certainly the relationship between the federal government and victorian life government has not been good through this pandemic. so it wasn't a good starting point. and i suppose it meant that the federal government, when it decided to sort of buy back into the issue, it didn't really worry about how that cut the victorian government out or how it depicted the victorian government. so it is an element, you're absolutely correct. there is an element in this whole, this whole deba

of the muslim minority concentration camps, forced labor re education. the u. s. has called it genocide in the south china sea. beijing was turning remote reefs into militarize islands, trying to assert control of crucial shipping routes and intimidate neighbors with their own territorial plains, chinese military and expanding dramatically. some new missile technologies more advanced, going to west and the navy growing even bigger than america's. and for taiwan, these posed an existential threat. paging ramped up emissions to probe the airspace around the island stoking fears. that is the threat to take over by force might one day become a reality suppression concentration. camp expansion is a threat to war. this wasn't the china that angle america had been hoping for. but what about the economic side of the relationship will even that is increasingly open to question. despite all this trade, german and other western companies complained that they don't get fair access to china's enormous market. nobody knows the problems better than your woodcock. he's the head of the you chamber of commerce in pe, jane the market excess that we hope for 20 years to gold happen to some extent, but still a l

of the great historical figures who fall and under the ports fail. we then speak to a former m p for birth control in air. sure. jim sellers, a far bon politician for 1st labor and then the s n p for his view on impact of points on radical politics and scotland and internationally. but post to your tweets, you know, if i messages in response to i show last week with colonel wilkerson discussing, whether the late general cool and power was the best president america never had an appeal to his knowledge of her former prime minister, sir tony blair, prior committed britain to stand with president bush and knew about cor, come what me, danny says in terms of great peasants, america never had. i see bernie sanders too. although we'd probably like could be anathema to most with means the under privilege touch base, but hopefully come to realize the purpose of politics on government. john besset says, in terms of the storming for the capital there right there with the weapons of mass destruction, stage political theater to keep the masses distracted. funeral mccrae says, and lation colon po, he lots about weapons of mass destruction lost all respect for we need to

control the price of used cars based on a shortage of semiconductors that's spilling down into that market. they can control whether people feel safe enough from the virus to go out and go back into the labor force and that's one of the things that i think is causing them to think they have to hike because the labor force might just be smaller than it was before covid-19. liz: john, i don't pretend it's easy to wear the feds shoes but you've got to tell me at what point does inflation get so bad that they rip off the band aid. don't we need to see that? i'm looking at all kinds of metrics heating oil at a seven year high, palladium, which is the metal that helps converters convert, platinum nine-week high , dollar index, three-week high, you're now looking at some of the auto loan companies and they're moving higher because they know that this is a possibility where we'd see interest rate hikes but brent oil above $90 a barrel. first time since 2014 we saw that. >> liz, i think you're right, and the thing about the fed is it's a very glacially-moving institution and so in their world, they actually are ripping off the bandaid by moving, i think, brian is absolutely right they are going to

of this strong economy. what are the challenges for 2022? number one the virus not under control. number two, labornd experts don't expect that to cool down until the second half of the year, number four the federal reserve. what if they blow it overreacting as they try to cool the economy, risking a recession and the ever present possibility much unpredictable global political event threatening global stability, think russia, china, iran, anything could jack up prices. that's my job to worry about the big whale out there, the exogenous shock, the black swan. the economy on a solid ground headed into the new year, john. >> like i needed more to worry about. what's up with that? >> 27% in the s&p 500 you're probably not worrying about your 401(k) over the past couple of years even as the health crisis has really been a problem. corporate profit margins are at a record high. companies are making money. stock markets is a bright spot. >> profits at a record high just like me. christine romans happy new year. thank you so much. >> you too. >> "new day" continues right now. >> good morning to viewers he

control. and to tackle illegal immigration. what we will be doing is be hearing from support of labor. >> thank you, mr. speaker.ars ago when the prime minister's foreign secretary my constituent mr. simon was taken captive in yemen and he sat next to him and another form behind him surged at a time even though other nationalities and closing were released, while he pledge that his government will do everything it can to get them releasedom from captivity in the end and arrange he meet with my constituents in order to discuss how to go back doing that? >> i thank you and again i remember the case mr. speaker, very, very high to try to release of people around the world from the what they find themselves in. this time is no exception of that i will certainly make sure he has a meeting to report on the progress we are making. >> is it relevant to the question at this time? >> thank you but nobody was to mislead the house so the prime minister were not to do that either. when talks about claims about un- inflation were unfounded and yes they have this clip on social media. i just one of the prime minister like to c

control and oversight. because then it just becomes about private decision making and private profit. you also try to weaken the role of organized labor day shipping set of britain's must be so industrial dispute. so we can talk about the, the minus strike and the defeat of various trade unions. ah, there's also the regulation, which means the removal of barriers to business doing what it wants. so you shift manufacturing away from britain where they're relatively high wages and welfare provision to low wage economies. and alongside that, you've got the massive deregulation of financial markets domestically and internationally. so obviously big business benefits because they all the ones best poised to exploit new market opportunities. and then because of the, the growth in the services sector of the economy, you get the emergent civic, a kind of a birching new middle class who make often very large sums of money under the new market conditions. they may be keeping one eye on the latest prices, but the cities dealers don't seem to be holding back on their favorite drink this christmas. and then there were some people who systematicall

labor participation rate to come up and keep these workers employed. so i think getting inflation under control will best achieve their objectives in terms of having more inclusive employment. caroline: let's dig into that and get the take from a chief economist. diane, i am interested in your perspective. you are so fine tuned to the inequality in the labor markets. you have been so supportive of that focus coming from the federal reserve that this needs to be a more inclusive recovery. but it feels as though the federal reserve has almost tamp down on that focus despite inflation. is it right we have a more inclusive recovery if we focus on inflation like dill dudley seems to be insinuating? diane: i think he is right. the bottom line is the inflation hits the lowest end of the income strata and their already having -- they are already having a hard time inflation at the pump and grocery store. the escalating cost of rents and home owning prices will accelerate, there is a lag in terms of how that shows up in home prices versus when it shows up in the cpi. that is something, a third of the cpi, the fed has a lot of control over and you will see them

an economic recovery where people have more opportunity in the labor market, while getting some of these supply-related issues under control people on the bottom? because you said it. while their wages are going up, it doesn't matter much when the price of everything is going up. so what's the fed going to do? they're going to raise rates. we need to raise rates. but that's good for people like you and me. we're savers, and, great, i would love to see -- to get a little bit more in my savings, but for people who don't have savings, those hire rates hurt them. how do we think about that? >> it's important for the fed to operate within independence. the argument that the president has been laying out is that what we can do is to actually sustain strength and sustainability of this economic recovery. we want more growth and we want to expand the productive capacity of the economy. so if we have a problem with cars, for example, the car prices represented one third of the entire price increase that we saw. and while the typical person only buys a car every five, six, seven years, car prices clearly reflect not enough supply of

of congress. i heard the same concerns echoed -- government spending, labor shortages, vaccine mandates, and the next farm bill. kansas believes that government spending is out of control and i agree with them. one of our country's fastest growing expenses is just the interest payments on our national debt which is estimated to be $562 billion for freer 2021 -- fiscal year 2021 year. you can fund the department of ag twice over. -- agriculture twice over. while discretionary government spending has weakened our great country, and not only that, spending on some programs during the pandemic has incentivized staying at home instead of returning to work. kansas believes that labor shortages are hurting americans, and i agree with them. people can't find bus drivers to take their kids to school or sanitation workers to pick up the trash. meanwhile, inflation is at a 40-year high. grocery staples are up 40%. and car parts and refrigerators are still stuck in cargo ships. we are in an economic crisis and this administration has yet to act meaningfully to combat the effects. kansas believes that vaccine mandates are unconstitutional, and i agree with them. anyone who wants to

control of my health. it's the most meaningful way to start the new year. now just $129. ♪ ♪ musical >> well, if you thought about quitting her job recently, you are not alone. of the laborkforce did that in november as a great resignation trend continues, what's behind it? join me now, from fox across america host, and fox news radio, mcat from fox nation. people don't want to work. if for a long time you did not have to work when it was coming through and a lot of people were hoping that change, but four and a half million is a lot of people. >> and a lot of these people, the majority quit to start a new job because they are having trouble hiring workers, so they are offering kind of incentives, but what is interesting is this is november before that omicron popped off and people talk about closing schools again and everything shutting down, people are worried about things shutting down, but child care in particular is something that parents are worried about. am i going to have to stay home and homeschool my kid? which a lot of people don't have options for child care, so it could get worse. >> it could, and here's the thing, jimmy, the economics and the mechanical th

of who has the power in the moment? is that the worker in a tight labor labor market or is it companies who still control what worked culture looks like? does the government have the ability to put policies in place that make it easier for warming -- working women to get childcare cooks i know that's a big topic. how are you seen the great reagan -- resignation play out with employees the last 18 months or so? >> first verse of me say i think it's all of the above. i think we. a false narrative and we. thisnd uncomfortable in unhealty competition. we look at what is the level of trust in our institutions and in government and media and nonprofit and in business and we do well when all for those entities work together toish -- discuss one of the issues that you justst talked about and this concept and i did research on this in august and some of the findings terrified people because it was an explanation of the great resignation. i thought it was an opportunity. i want to be clear and challenged every day and it's not as c easy as i'm making it sound because of something left to navigate. to me was a stunning six to 10% of r

labor. one of the toughest bottles of the ferry or civil war was $41.00, west african full battle global forces area. then in control of that you stuck without. i think the wife this morning and the bridge over there, which is now called the peace bridge stand as reminders of some of the doctors, doctors, instead of you rebel, so forth in the war. i also still struggling to decades own most of my colleagues, some of them are not going against legally such as societies because why they have already been little they did to the assets. diabetes was i to have take them more like me. i dis, i said diesel sites in and all the government admits the reconciliation process is slow. do want more speed. what's on that is administer, shall i think we have address models the recommendation? not any od admins to show before before president bill. several years has been stable politically for the past 20 years, but divisions remain for now, the biggest concern for the government of citizens alike is competing corruption. improving infrastructure and reducing unemployment. all require a huge amount of money. something several young

to encourage people to come back into the labor force so you can increase the supply of goods and services. reducing demand and increasing supply will controlation and you do that i believe by having the payroll tax making it much more attractive for workers instead of staying home to come back and work and make more money and good for producers and companies. it is great for them and lastly i would tell the fed to stop buying government bonds. just stop it. don't keep funding all of this stuff and allowing for the monetary system to accommodate any type of increase in prices >> harris: the one collision i foresee with that great advice you give the president it doesn't fit what he wants to do legislatively. he wants to spend more money and build back better is what he promised. you are asking him to break that promise. you aren't the only one. some democrats are asking him to break that promise. the latest fox news polling shows that inflation is the top worry for americans with 85% saying they are extremely or very concerned about it. republicans are favored by 15-point margin over democrats as who is better equipped to handle the economy

labor. one of the covers bottles of the federal civil war was $41.00, west african 1st battle global forces. we had, we have been in control of that. you stop result. i tend to push wife this moment and the bridge over there, which is now called the piece bridge stand is reminders of some of the doctors, doctors, instead of you rebels so forth in the war. i also still struggling to decades own most of my colleagues, some of them are not calling again to legally such as societies because why they have wanted to be a little they did to the assets, new angels. i don't think them more like me. i just, i said diesel sites in and all the government admits the reconciliation process is slow to want more speed. but under this administration, i think we have addressed more throughout the recommendations. not any od admins to show before before president bew several years has been stable politically for the past 20 years. but divisions remain. for now, the biggest concern for the government of citizens alike is competing corruption. improving infrastructure and reducing unemployment. all require a huge amount of money. something sev

of control. you're seeing the effect in the labor market.d they're on strike state-wide in colorado. we'll see massive strikes coming this year in the ports. and rising wages does not keep up with rising inflation, workers will take to the streets and with omicron the online sales were up because my alma mater, pricewaterhousecooper's accurately predicted 50% of consumers are afraid to go to retail stores but the other part that isn't reported, brand manufacturers took away the promotions which is up to 25-cents on every dollar so that's another artificial inflation increase and the federal trade commission should back senator carl brahn and say sayklobuchar where there's discrimination. maria: let me bring dagen in. go ahead, dagen. dagen: my store shelves in my neighborhood are bare in large part because of shoplifting and theft and particularly in big cities here in new york, front page of the new yorkosas a robbo threatened workers at dwayne reed, the drugstore chain which is owned by walgreens with a knife and then this left wing distri

of a strong lever against bars dunston at the present time. and it's a labor i think that might work and make sure that the carrier to control and make sure that the actually good for a agreement is our top purpose and not damaged in any way whatsoever. but whoever the good friday agreement hasn't been fully implemented, we need to see if fully implemented. and again, no, you are talking years after the good fabian with the same and we still haven't got the full implementation other good for him. and that's up to both the british, i'm the irish goblin, to make sure as guarantors that they carry that out. because we do have the right to have built on irish unity, and that's been held back by their brand new british. i had to stand to the present time. it will give that referendum when i resumed it in for the people or not. that was one of the guarantees of the gateway agreement. it has never been adopted. frontal, i thank you. thank you. after the break and other nato nation atrocity, we speak to an expert witness in the reopening of an investigation into the alleged us back 989 jesuit priest massacre in el salvador, all the smoke and we have a

of a strong lever against bars johnston at the present time. and it's a labor i think i'm or i can look and make sure that the carrier to control and make sure that they actually a good friend agreement is now tampered with a not damage in any way whatsoever. but remember, the good friday agreement hasn't been fully implemented. we need to see if fully implemented. and again, no, you're talking here after the good for the same. and we still haven't got the full implementation of the good for him. and that's up to both the british, i'm the irish government to make sure as guarantors that they carry that out because we do have the right to hold on irish unity. and that's been held back by the brandy. but he started to stand to the present time. he will give that referendum when i received it in for the people or not. that was one of the guarantees of the gateway agreement. it has never been there. got it. frontal. i thank you. thank you. after the break, another ne donation atrocity, we speak to an expert witness in the reopening of an investigation into the alleged us back $989.00 jesuit priest masika in el salvador. all the similar coming up abou

the vaccines as a mechanism of social control, don't use the vaccines with mandates to divid society and get people laid off work. i think our political leaders have had laboredsolution they can stop the viru from spreading. the whole pandemic they father' in that strategy has obviously and clearly failed for the best we can do is protect the vulnerable at the pandemic ends it's not a biological question, it's a political question, when we have reached a point where w say enough is enough. we no longer need all these restrictions, they're not accomplishing much in their harming many people. use the resources we have to protect the vulnerable, that's how we reduce the harm from thi disease. >> we've had severe reactions t the vaccine that have been documented. have been discussed, yet we are about to interview a young university of chicago football player who is being threatened with separation from the school because he has not been vaccinated, does not want to be vaccinated, already had covid, probably had omicron is boutwell . the university of chicago is through threatening to basicall throw this kid out. that's what we're facing in american universities t

control and peace of mind. with xfinity xfi, it's all built in at no extra cost. >>> the cdc reconsidering its covid isolation guidelines after criticism of laborfauci saying americans may need to a negative test to return to work even if they're asymptomatic. >> you are right. there's been some concern about why we don't ask people at the five-day period to be tested. that is something under consideration. the cdc is very well aware that there has been pushback about that. looking at it again there may be an option in that that testing could be a part of that. i think we'll be hearing more about that in the next day or so from the cdc. >> director walensky playing politics played a role saying quote we can't take science into a vacuum but in the context to be implemented in a functional society. congresswoman greene's perm account from the account today spreading lies about covid-19. her official twitter page is up. tomorrow many kids head back to class from winter break as the u.s. surpasses 500,000 covid cases reported in the last 2 weeks. joining us is a doctor. dr. hilton, always good to see you. how do you see the new recommendation on re

of control. we retail them to $17.99. when is the inflation going to end? it is another question of when the labor shortage happen? says there is a shortage in each link in the supply chain. you can only do that so much. >> we are making 10% less on media apartment sales because we take increases and had to pass along a fair amount but margins are lower because there's tremendous competition. we have a lot of competitors in the area. we have to stay sharp. >> reporter: looking to take advantage of this a former continent a dozen republicans running for governor. the senate race is just as crowded. both parties have candidates vacated by pat toomey's retirement. that is a big one, the senate race, we came from arizona. the race there in the race here, one of those races could decide to control the senate. one issue that could tip the scale and the inflation. stuart: that is the subject, the issue all over the place. some new numbers in, the markets are down 43. interesting new numbers on the number of new cases, from wednesday, 643,660 new cases reported yesterday. on monday it was 1 million new cases. on tuesday i

of the right to work status. that was a big slap in the face to all the labor organizations that fought so hard to give democrats controlf the state of virginia. host: as far as governor northam's term which ends today what do you think were is a major accomplishments? caller: i think he did a lot for almost every other democrat leaning group, environmentalists, pro-choice. but when it came to labor he was a big slap in the face. host: ok. robert in virginia beach. he mentioned the governor-elect slated to become governor today. if you want to see that ceremony at 7:00 is how you can do that. c-span, he will be sworn in as the 74th governor. we will show you the inaugural address at 7:00 tonight on c-span. let's hear from greg in colorado. good morning. caller: good morning. thank you to c-span. one of our biggest if not the biggest concerns in colorado is human because climate change. i am sure everyone has seen the massive fire in boulder that caused the most damage we have ever had. last summer we had the three largest fires in our history burning at once. things are not good here as far as that goes. our water is dr