promise scott thank you very much for sharing your he's with us robert scott is with the economic policy institute joining us there from maryland in the u.s. thank you for your time. my question. more now on the coronavirus crisis and on monday france cautiously and this lockdown although many restrictions remain in place especially in paris as reports the city is half from resuming normal service . back to work for some people in france but not quite back to normal in the paris metro staff handed out masks that are now obligatory on public transport and distributed hand sanitizing gel but with a large number of people commuting so should distancing was clearly impossible. 20 minutes for a train some people were not wearing masks and at my station in the suburbs staff were not handing out mass like here you can't socially distance with so many people but. normally in metro we're not confined spaces it's just a shame we were advised to wear mass in the 1st began in france because maybe. staying home after 2 months of strict lockdown the french government has lifted some restrictions allowing some b

also a discussion of the coronavirus pandemic's effect on essential workers at the economic policy institute. watch live at seven caught eastern wednesday morning. join the discussion. here's a look at our live coverage wednesday. on c-span, the house returns at 10:00 a.m. for general speeches, legislative business begins at noon. for the first time in its history the house will allow members to vote by proxy and have it count toward achieving a quorum of members and floor proceedings. the house we use proxy voting to vote on reauthorizing pfizer and covid-19 relief legislation -- reauthorizing fisa. watch live coverage of the first launch of astronauts from american soil and in an american spacecraft since 2011 payment live coverage of the spacex crew dragon launch begins at 12:15 p.m. eastern on c-span2, would lift off at 4:30 p.m. later, a post-launch briefing at 6:00a administrator p.m. eastern >> t-minus 10, 9, 8, 7, 6, 5 -- engine is up and burning. 2, 1, and 0, and liftoff, the final liftoff of atlantis. on the shoulders of the space shuttle, america will continue the dream. >> on wed

also, a discussion of the coronavirus pandemic's effect on essential workers with the economic policy institute. much "washington journal" live at 7:00 eastern wednesday morning. join the discussion. here is a look at hourly coverage wednesday. on c-span, the house returns at 10:00 a.m. for general speeches. legislative business gains at noon. the house will allow members to vote on a proxy and have a count towards achieving a quorum of members in proceedings. the house will use proxy voting to vote on reauthorizing pfizer and covid-19 relief legislation. and on c-span two, watch live coverage from the first launch of astronauts from american soil and american spacecraft since 2011. live coverage begins at 12:1 5 p.m. eastern on c-span two, with liftoff at 4:30 p.m. as nasa launch to the international space station. later, a post-launch preview with a nasa administrator. >> liftoff. aim high. >> this week, watch live coverage of spacex's test flight, marking the first launch of astronauts on american soil since 2011. our live coverage begins at 12:15 p.m. eastern on c-span 2. then a post-launch

now with the economic policy institute. thank you for joining us this morning. >> thanks for having me. host: wanted to talk about the impact of the pandemic on workers. what do you see? >> it's pretty grim. it's really bad right now. so as of mid april, the official unemployment rate had jumped to 14.7%. but because of some misclassification and undercounting of people who had lost their jobs as a result of the virus, i think that a more accurate description of where we were in mid april is more like a 23.5% unemployment rate. and we've had another five weeks of deterioration since then so it's pretty grim. really sachs which has a good economics research shop, they are forecasting that the unemployment rate average 30% in may and june. so it's going to get worse before it gets better. it's pretty grim for workers out there right now. host: phone numbers at the bottom of the screen. if you lost your job or were laid off recently, (202) 748-8000. essential workers (202) 748-8001 . everybody else (202) 748-8002. we are talki

this morning i spoke with a representative from the economic policy institute. she says how long this economic downturn stays will really depend on how policymakers respond. >> about two-thirds of people out of work because of the virus report that they expect to return back to their prior job. but that prior job is only going to be there if policymakers do the things that make sure there's enough confidence and demand in the economy. so policymakers need to get enough aid to people so that they have income even if they're not working, so business can stay afloat. >> she also encourages anyone who has lost their job to file for unemployment immediately, not only to help themselves but also to help the economy at large. >>> this morning the irs has a new hotline to guide people through using their coronavirus debit card. yesterday we told you about how the agency is spending about $4 million -- actually sending out to 4 million people a stimulus payment in the form of a visa debit card. the number is 1-800-919-9835. we also have it on our website, nbcbayarea.com.

heidi shierholz is a senior economist with the economic policy institute.let's start in the big picture. how bad are the unemployment numbers right now? heidi: it's like nothing i've ever seen before. in the last six weeks, on the order of 30 million people have applied for unemployment insurance. that is more than one in six workers in this country. and to just like stack it up with the most recent terrible recession that we had, the great recession. what we're seeing now is more than five times as bad as the worst stretch of the great recession. soledad: can you describe what's happening to the economy and do you predict that, hey, a lot of these jobs that have gone away, actually, once everything opens up again, those jobs will come right back? heidi: some of them will come back. i am worried that many of them will not. i am worried that we didn't get relief to businesses quickly enough to have them be able to hang on and that we'll see a lot of businesses facing bankruptcy. and in that case, those jobs will come back, but they're not going to be the sam

at investment banking firm brig mcadam in maryland robert scott senior economist at the economic policy institute and in washington d.c. jeff hauser executive director at the revolving door project at the center for economic and policy research welcome to you all jeff let me start with you many of the restrictions have been put in place in the u.s. . now you have this 4.8 percent contraction that's happened and the restrictions were put in place before this is only really hinting at how bad things will get. absolutely the 2nd quarter the economy might be the worst in american history the intentional debt reduction in economic activity is unprecedented it's necessary if anything it's actually insufficient in terms of how much america is complying with you not stay at orders but if that 2nd quarter the economic statistics are going to be a bloodbath in the realities can be even worse robert when will the bulk of the pandemics economic impact be felt most i think we're going to see it in the 2nd quarter certainly but and we we could see unemployment surge to levels again perhaps at honest and press

sheerhols, former chief economist at the us labor department, now director of policy at the economic policy institute of today's new figures. the unemployment rate was reported atjumping upfrom the unemployment rate was reported atjumping up from 4% to 14.7%, so a huge increase, but even that understates how many people really are facing job loss as a result of the pandemic. because in order to be counted as officially unemployed, you have to be actively seeking work and there is a lot of people that are out of work because of the pandemic and they cannot look for work because they are not allowed to. everyone is required to stay at home. so a lot of people are being misclassified as just dropping out of the workforce instead of unemployed. then there is another thing where there is a lot of people being misclassified as being employed, but not at work. when they are furloughed, they should be counted as unemployed so we can really get a sense of how many people are not working right now. if you added all those factors together, the unemployment rate would be 23.6% right now. so we are seeing this as

a discussion the coronavirus pandemic with the economic policy institute. live atshington journal 7:00 eastern this morning. join the discussion. ♪ >> today, watch live coverage from the spacex commercial crew test flight marking the first launch of astronauts on american soil since -- from american spacecraft since 2011. a lot -- our live coverage begins at 12:15 p.m. eastern on c-span two. launch theronauts international space station. then he post-launch briefing with jim bridenstine at 6:00 p.m. eastern. eastern come11:15 all day live coverage of the spacex crew dragon as a docks with the international space station and the opening of the hatch between the space vehicles in the event between the spacex crew dragon and the iss crew. watch live on c-span two online at c-span.org or on the free c-span radio app. >> 10, 9, 8, 7. >> ship is up and burning. 2, 1, 0. , america willoff continue the dream. on wednesday, nasa launched to u.s. astronauts into space for the first time since the retirement of the space shuttle program in 2011. the astronauts will jo

robert skoal to as a senior international economist at the economic policy institute he says china may find it difficult to live up to its commitments under the trade deal and the aftermath of the pandemic to china is going to find it problematic to increase purchases of u.s. goods by $200000000000.00 over the next 2 years that's. going to be difficult in any case but now with the global economy collapse. there's just not evidence as communities demand in china to purchase that many u.s. goods and they certainly don't want to do anything abers to person and trump either they resent all of his threats and cajoling he's practiced throughout his administration but one thing he has done that's been moderately effective munch on china trade is to impose tariffs on about half of what we import import they've been costly but they've got some impact on trade the larger problem is this deal failed to address the fundamental causes of the growing u.s. trade deficit with china which is a serious problems it's cost us millions of jobs new us china's massive subsidies massive excess capacity and it

based economic policy institute he says it's clear what president trump is doing. well unfortunately the president is looking for a scapegoat this case you want somebody else you can blame for the now $60000.00 plus deaths that we've experienced in the united states it's certainly true there's plenty of blame to go around the chinese dithered they covered up they didn't they didn't want to acknowledge what was going on at 1st but they got serious after a few weeks very similar in many ways to the united states where the president denied and promise he was going to suppress the virus and didn't respond for 6 or 8 weeks until it was too late now we've had to bring the pen to make spread all 'd over the united states the hardest hit country in the world i think it's got everything to do with the election in the fall the president is pulling out all the stops to try and get the economy going again and he knows that his his best calling card for the election was the strong state of the economy early in the year before the pen demick it would be very low unemployment rat

to just 12 percent last year well robert scott is a senior international economist at the economic policy institute in washington d.c. joins me now via skype from north potomac in maryland good to have you with us on the program sir i mean what is the special treatment that the u.s. gives hong kong. u.s. and sort of gestures are able to access shiners financial markets those are conscious delusional markets they apparently the past a dependable rule of law are the foreigners are able to come in and out without visas but 80 $5000.00 americans that work in hong kong and the u.s. from true about $85000000000.00 in that come in that country so it's pretty key nexus for as you said earlier in the financial industry investing in china is that why the alarm bells would ring that if you change sort of security status quo and you change the status of the relationship between hong kong and china that really is why it worries the u.s. . i think it's why it worries us investors you know the banks they may have to move their operations elsewhere in the region they may have less easy access to china for example

ok let's talk to robert scott he works at the economic policy institute he joins us from potomac maryland just outside washington robert great to talk to you again what's your reading of these comments from donald trump yes i have quote yes i have twice when he was asked in that news conference whether he has confidence that he's seen information or he is aware of the factual accuracy surrounding the information viz of where the virus originated. unfortunately the president is looking for a scapegoat mistakes you want somebody else to blame for the now $60000.00 plus deaths that we've experienced in the united states is certainly true there's plenty of blame to go around the chinese dithered the covered up they didn't they don't want to acknowledge what was going on at 1st but take us serious after a few weeks very similar in many ways to the united states where the president denied and promised that he was going to suppress the virus and didn't respond for 6 or 8 weeks until it was too late now we've had the pandemic spread all over the united states the hardest hit country in the world

shierhol, former chief economist at the us labour department, now director of policy at the economic policy instituteto have you with us. this is grim, isn't it? we are looking at unemployment that will looking at unemployment that will look as bad, perhaps even worse than some of the years during the great depression. yes. this is the worst, we don't have very good data from the great depression, but all the data we do have, the numbers that we saw today for job loss in data we do have, the numbers that we saw today forjob loss in april far exceed any one—month job loss during the great depression. it is like nothing we have ever seen. grimm doesn't begin to touch how this feels here today. why could it be even worse the figures we are seeing? 0h, even worse the figures we are seeing? oh, that's a good question. so, the unemployment rate, it was reported at jumping up so, the unemployment rate, it was reported atjumping up from about 4% to 14.7%. so it was a huge increase, but even that understates how many people are really facing job loss as a result of the pandemic, because many... in order to be

robert scott is a senior international economist at the economic policy institute in washington d.c. he says the fallout may not affect china's strategic goals in the region but could derail u.s. operations and home call i think is why it worries u.s. investors particularly the banks they may have to move their operations elsewhere in the region they may have less easy access to china for example they have to work from singapore instead of from hong kong i think this is part of china's larger plan in its 2025 programmes. indigenization a taking over chinese operation of many of the foreign operations that they've relied on the past to build up their economy china is now a very large and very wealthy country and they're using that wealth and they feel they no longer need to rely on one foreign investors as much as perfectly happy to elect a foreign capital migrate around the region as long as it remains the controlling hand. that is you know the puppet master moving the strings in the background and it's tremendous wealth its resources to this china sitting on a on a pool of foreign c

the economic policy institute also did a study. for every 10 people that have successfully filed on appointment claims, three or four people have been unable to do that. another two have not even tried. that means there is an 14 million.nine to we are looking at 45 to 50 million people out of work right now. to put that in perspective, during the great depression, 15 million people were out of work. david: just stunning. thank you, richard trumka, president of the afl-cio. this is "balance of power" on bloomberg television and radio. ♪ there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you can coun

pelley: nearly 13 million health insurance with their jobs according to research by the economic policy institute. >> temple: i cannot get the medicine because i don't have health insurance. i can't follow up with my primary doctor because i can't pay for a visit. >> pelley: despite heart trouble she was working full time and studying. she's three classes away from an m.b.a. her son is graduating too, but tuition bills have left her with loans to pay. what do your student debts come to? >> temple: they are somewhere in the neighborhood of $300,000. that includes my son's education as well. >> pelley: how are you gonna make those payments? >> temple: i have no idea. it actually terrifies me. i try not to focus on that because the thought process can be really dark during those times. >> pelley: you're the first person in your family to graduate college. and now your son and daughter have gone on to higher education.w doesmerican drm feel >> temple: it doesn't feel like a dream at all. >> clifton: i used to go to the grocery store maybe once a week. and i would spend anywhere between $100 to $150 d

putting this perspective is heidi schuerholz from the economic policy institute.eidi, thank you for joining us this morning. >> thanks for having me. >> so many people are faced with unemployment. many in fear they may be losing their jobs. what should a person do if they're faced with that dilemma? >> if people are losing their jobs they've been furloughed from their jobs, the most important thing they can do right now is apply for unemployment insurance benefits. think of it as their patriotic duty to get those benefits. obviously it helps make ends meet in the meantime but the other thing it helps the macro economy. the people's spending drops as a result of losing their jobs, getting furloughs. that hurts the whole economy and makes everyone more soft. make sure you get in there and get your unemployment benefits. >> talking about spending that brings into factor a phrase we hear a lot. what creates a great depression and are we there? >> we're not there yet. right now what we're facing is something likely as deep as the great depression but then how long will

based economic policy institute he says it's clear one president trump is doing. well unfortunately the president is looking for a scapegoat this case you want somebody else you can blame for the you know $60000.00 plus deaths that we've experienced in the united states it's certainly true there's plenty of blame to go around the chinese dithered they covered up they didn't they didn't want to acknowledge what was going on at 1st but they got serious after a few weeks very similar in many ways to the united states with the president tonight and promise he was going to suppress the virus and didn't respond for 6 or 8 weeks until it was too late now we've had to the endemic spread all 'd over the united states and the hardest hit country in the world i think it's got everything to do with the election in the fall and the president is pulling out all the stops to try and get the economy going again and he knows that his his best calling card for the election was the strong state of the economy early in the year before the pen demick it would be very low unemployment

. >> you know, according to the economic policy institute, mr.e than the 30 million americans are actually out of work. break it down for our viewers. we know 30.3 million americans lost their jobs, have filed for unemployment in the last six weeks, but according to this report, there's a lot more americans who actually are out of work. >> i think the epi got it exactly right. there were 7 million americans whom we know were unemployed by the middle of march. that was the unemployment report we got a few weeks ago. the unemployment claims numbers got us over 30 million, and that doesn't include the past week, and there are probably two or three million more there. so that's probably in the vicinity of 40 million workers whom we know to be unemployed. but what epi was saying was, there's a very large number of workers, between 9,000,014 million workers who have tried to file unemployment claims and couldn't. some are unemployed and didn't bother to file because they knew websites were crashing, phone lines were blocked, so they sort of threw their

the economic policy institute says 12.7 million workers have likely lost their employer-provided health insurance since the coronavirus shock began. what is going to happen to those workers who no longer have their employer provided health insurance? who should they go see? how can they go see a part-time primary care physician? guest: when you lose your job, that becomes an opportunity to enroll into the health care exchange or obamacare. that is considered a qualifying event. i would recommend a check because they may qualify for subsidies and be able to find an insurance plan they can afford. if that isn't an option, i recommend them to look for a direct primary care practice in the area. in my area, we tend to be a little more blue-collar workers, small business people that often do not have health insurance plans because it is so expensive for them. we specialize in helping patients that do not have health insurance. we encourage our patients to try catastrophic wraparound policy because i cannot take care of people that have appendicitis or a broken everything,o almost but there a

. >> according to the economic policy institute, mr.ore than the 30 million americans are actually out of work. break it down for our viewers. we know 30.3 million americans lost their jobs, have filed for unemployment in the last six weeks, but according to this report, there's a lot more americans who actually are out of work. >> i think the upi got it exactly right. there were 7 million americans who we know were unemployed by the middle of march. that was the unemployment report that we got just a few weeks ago. the unemployment claims numbers got us over 30 million and that doesn't include the past week and there are probably 2 or 3 million more there. that's probably in the vicinity of 40 million workers who we know to be unemployed. what epi was saying was there's a very large number of workers, somewhere between 9 and 14 million additional workers who either have tried to file unemployment claims and couldn't or simply gave up. some number of workers just left the labor market, some number of workers are unemployed and didn't bo

. >> the economic policy institute says unemployment systems were built to scrutinize each claim and weed out fraud, and they're slow to adapt to a pandemic when millions need money fast. >> ostensibly, they're concerned about fraudulent claims. but now is really the wrong time for that to be a major concern. we're in a huge economic crisis. we need to make it as easy as possible for people to apply and receive benefits as quickly as possible. >> james was managing an auto repair shop in the east bay when the pandemic hit. the shop closed. now he is running out of cash and worried about eviction. >> help me. give me an avenue in which i can find a way to file a claim. i'm just sense march 18th, i have no income. >> it turns out james had exhausted unemployment benefits from an old cimast ye traditional rules say he must wait one year to be eligible again. the c.a.r.e.s. act erased those time limits, extending benefits for everyone. however, the edd website has yet to catch up. it still gives james this message saying you have received all benefits payable to you at this time. you can

in february women had about half the jobs in economy, the economic policy institute said they are 59%his has been particularly devastating for equity and equality here. >> julia chatterley, out in california elon musk who runs tesla is very publicly saying to the state of california, we are going back to work even though you tell us we can't. what's his argument and what's the outcome going to be here? >> this is an interesting one for me, because, remember, the state's starting to see manufacturing facilities open up. his specific county is saying, whoa, hold on a second. if everybody did what elon musk was doing here, there would be anarchy and we wouldn't have had a lockdown in the first place. that's the first criticism. but there's an argument to be made here by elon musk, and he's making it however loudly, that he has experience from china in reopening a factory under these kind of facilities. there's a 38-page plan of what reopening looks like. he's presented it to the county. he's got support from mayors like palo alto, fremont including where this factory is based. i would ar

and according to the economic policy institute the current claims level likely drastically undercounts much as 12.2 million over a recent 4-week period. those who are eligible for benefits but aren't getting them because of difficulty with filing. joining me now kevin hassett, the former chairman of the council of economic advisers. i appreciate you going to the white house to talk to me, but i want you to know you can actually do it from home if you'd like to. you were on fox this morning talking about the fact we may not need a phase four relief bill. what we have, though, is number of states saying to the president they need more backup because they're losing revenue. and unlike the federal government they can't go into debt and they can't print money. so talk to me about the phase four as it relates to states. >> right, well, i think first what's going on is that some of the states are under the guidelines from dr. birx and fauci and the rest of the task force opening up and doing so in a cautious step wise manner. and what we're doing is we're monitoring the data both on the healt

direction let's discuss this with robert scott he's a senior international economist at the economic policy institute is joining us from the u.s. state of maryland hi there thanks for speaking to us on the al-jazeera needed our help me on this call by the i.m.f. chief was specifically directed at big technology companies and she said that they're reaping gains as a result of the increased reliance on online systems and what do you make of her call. i think it's absolutely correct that the high tech companies are their winners in this global pandemic we're experiencing as a wave of global creative destruction as economist joseph schumpeter put it saying massive destruction right now the question when it was we will get the creation later we're sure going to need it we're going to destroy millions of jobs and businesses in the u.s. and around the world i'm not at all confident that the high tech companies can be counted on to simply. distribute the benefits of their new found by jess willingly to those most in need they will chase the dollars that go where consumers are who can spend most in their syst

now with the economic policy institute.nk you for joining us this morning. >> thanks for having me. host: wanted to talk about the impact of the pandemic on workers. what do you see? >> it's pretty grim. it's really bad right now. so as of mid april, the official unemployment rate had jumped to 14.7%. but because of some misclassification and undercounting of people who had lost their jobs as a result of the virus, i think that a more accurate description of where we were in mid april is more like a 23.5% unemployment rate. and we've had another five weeks of deterioration since then so it's pretty grim. really sachs which has a good economics research shop, they are forecasting that the unemployment rate average 30% in may and june. so it's going to get worse before it gets better. it's pretty grim for workers out there right now. host: phone numbers at the bottom of the screen. if you lost your job or were laid off recently, (202) 748-8000. essential workers (202) 748-8001 . everybody else (202) 748-8002. we are talking w

the economic policy institute says 12.7 million workers have likely lost their employer-provided healthnsurance since the coronavirus shock began. what is going to happen to those workers who no longer have their employer provided health insurance? who should they go see? how can they go see a part-time primary care physician? guest: when you lose your job, that becomes an opportunity to enroll into the health care exchange or obamacare. that is considered a qualifying event. i would recommend a check because they may qualify for subsidies and be able to find an insurance plan they can afford. if that isn't an option, i recommend them to look for a direct primary care practice in the area. in my area, we tend to be a little more blue-collar workers, small business people that often do not have health insurance plans because it is so expensive for them. we specialize in helping patients that do not have health insurance. we encourage our patients to try catastrophic wraparound policy because i cannot take care of people that have appendicitis or a broken everything,o almost but there are

policy briefing series. i am tom gilligan, director of the herbert institution. and generating policy ideas that promote economic policy, national security and democratic governance. we are excited to showcase work coming out of our institution. an opportunity to hear from top scholars on pressing issues facing the world during this difficult time. and encouraging to submit yours at the q and a button at the bottom of the screen. today's briefings from general h.r. mcmaster, senior fellow at the hoover institution. he was the 20 sixth national security adviser to president of the united states, he served as commissioned officer in the united states army for 34 years before retiring as lieutenant general in june of 2018. his latest book is entitled better grounds, the fight to defend free world released in september and available for preorder on amazon. thanks for your service and for joining us today. >> to be with everyone -- >> hr, i know you have been watching these briefings, and the coverage of the aztecs involved with covid-19. a lot of this is focused on the pandemic. with you i would like to discuss the

policy studies. for more than a century the institution at stanford university has been dedicated into generating policy ideas that promote economic prosperity, national security and democratic governance. we are excited to be able to connect virtually to express the work coming out of the institutions. these briefings provide an opportunity to hear directly from some of the top golfers on the pressing issues facing the world during this difficult time. we hope you enjoy and find value in our discussions. we will be taking audience questions and encourage you to submit yours located at the bottom of the screen. these briefings from general hr mcmaster senior fellow at the hoover institution. it was the national security advisor to the president and also service commission officer for 34 years before retiring as lieutenant journal in june of 2018. his latest book is battlegrounds and will be released in september and is available for pre- order on amazon. thanks for your service and for joining us today. >> i know you've been watching these briefings regularly and the aspects. a lot of our discussions have been focused on the impac

policy briefing series. on thomas gilligan, director of the hoover institution. for more than a century the hoover institution has been dedicated to generating policy ideas that promote economic prosperity, national security and democratic -- were excited to be able to connect virtually with you to showcase the work coming out of our institution. these policy briefings provide an opportunity for you to her directly from some of our nation's top scholars on pressing issues facing the road during this difficult time. we hope you enjoy and find out in our discussion. we will be taking audience question state and encourage you to submit yours at the q&a buttons located at the bottom of your screen. today's briefing is from general h. r. mcmaster, the senior fellow at the hoover institution. he was a 26 national security adviser to the the president of the united states. he also served as commissioned officer in the united states army for 34 years before retiring as lieutenant general in june for the 2018. his latest book is entitled "battlegrounds" and will be released in september and the disable for preorder now on amazon. thanks for joining us today. >> thanks. it's a pleasure

policy studies. for more than a century the institution at stanford university has been dedicated into generating policy ideas that promote economic prosperity, national security and democratic governance. we are excited to be able to connect virtually to express the work coming out of the institutions. these briefingsvi

policy briefing series i am a director of the hoover institution for the hoover institution at stanford university is a permanent research institutions. we have been generating policy ideas that promote economicsperity, national security and democratic governance. the dissimulation of the work has a simple impact on important public policy issues here and around the world. we begin taking the steps to lead us out to this crisis we help you find value in these important discussions as we look forward to ways to mitigate potential effects of the coronavirus has had on the u.s. and on the world. as a reminder, we will be taking audience questions and encourage you to submit yours using the button at the bottom of your screen. today's briefing is from larry dimond who is a senior fellow at the hoover institution. he is with the u.s. world bank and other governmental and nongovernmental agencies dealing with developments. his recent books include his influence in american interest, and ill wins, saving democracy from russian rage, chinese ambition and american complacency. thank you for joining us today. >> thank you tom it's a pleasure to be with you and all of the audience. he went let's jump ri

hoover institution.for more than a century the hoover institution at stanford university has been dedicated to generating policy ideas that promote economic prosperity, national security, and democratic governments. we are excited to be able to connect virtually with you to showcase the important work coming out of our institution. these policy things provide an opportunity for you to hear directly from summer nations top scholars on the pressing issues facing the world during this difficult time. we hope you enjoy and find value in our discussion. we will be taking audience questions today and encourage you to submit yours at the q&a button located at the bottom of your screen. today's briefing is from general hr mcmaster he was the 26 national security advisor to the president of the estate. he also served as a commissioned officer in the united states army for 34 years before retiring as lieutenant general in june 2018. his latest book is entitled " battlegrounds: the fight to defend the free world" is available for preorder on amazon.thank you for joining us today. >> it's a pleasure to be with you and everyone joined. >> experiment o

hoover institution.for more than a century the hoover institution at stanford university has been dedicated to generating policy ideas that promote economicsperity, national security, and democratic governments. we are excited to be able to connect virtually with you to showcase the important work coming out of our institution. these policy things provide an opportunity for you to hear directly from summer nations top scholars on the pressing issues facing the world during this difficult time. we hope you enjoy and find value in our

hoover institution stanford is one of the preeminent research centers the nation has been dedicated to policy ideas economic prosperity and democratic governance to have a significant impact but the public policy initiatives here and around the world taking steps to lead us out of this crisis to find value in these discussions as well as look forward to have those effects the coronavirus has had. as a reminder we will take audience questions and encourage you to submit yours using the button at the bottom of the screen. married i'm a senior fellow at the hoover institution advising usaid world bank un and state department and other governmental and nongovernmental agencies and development china's influence in america's interest and saving democracy thank you for joining us today. >> it's a pleasure to be with you and the audience. >> you're an expert on china and democratic institutions around the world. several leaders within the chinese communist party have claimed their government has performed well relative to democracies to control the spread of the virus within china and provide aid in critical suppli

institute was held by video conference. >> for more than a century our mission has been dedicated to generating policy ideas that promote individual, economic and political freedom, private enterprise and representative government. today we bring you our newest on-line virtual series entitled hoover capitol conversations. this series will bring hoover institution fellows together with policymakers for indepth informed discussions examining some of the major policy challenges facing the united states and the world. by bringing together the players in policy development and policy execution, we hope to pull back the curtain on some of the discussions that happen behind closed doors traditionally. i hope you enjoy this fire-side chat between those who generate the ideas enabling a free society and those who turn them into actionable policy. welcome and thank you for joining us. as part of today's discussion, we will be taking audience questions, and i encourage you to submit yours using the q&a button at the bottom of your screen. today we will talk about economics with the undersecretary and hoover senior fellow and former national security a

for more than a century the hoover institution at stanford university as been dedicated to generating policy ideas that promote economic prosperity, national security and democratic governance. we're excited to connect with you to showcase the work coming out of ourinstitution. these briefings provide an opportunity for you to hear from some of our nation's top scholars on pressing issues facing theworld . we hope you enjoy and find value in our discussion . we will be taking audience questions and encourage you to submityours at the q&a button located at the top of your screen . today's briefing is from general hr mcmaster, senior fellow at the hoover institution. it was the 26th national security advisor to the president of the united states and served as commission officer in the army for 34 years before retiring as lieutenant general in june 2018. his latest book is entitled battle grounds. and it will be released in september and it's available for preorder now on amazon. thanks for your serviceand thanks for joining us today . >> it's great closure to be with you and to be with everyone. >> i know you've been wat

for more than a century the hoover institution at stanford university as been dedicated to generating policy ideas that promote economic prosperity, national security and democratic governance. we're excited to connect with you to showcase the work coming out of ourinstitution. these briefings provide an opportunity for you to hear from some of our nation's top scholars on pressing issues facing theworld . we hope you enjoy and find value in our discussion . we will be taking audience questions

administration's incompetent response and the republican theef which is perpetuating economic injustices which their former policies instituted interesting point. in the book i talk about what is happening in rural america and the more scenic parts of rural would callre what i the oligarchy, the people at the top are buying enormous amounts of land, driving up the price of land, it's worse in europe, where people are getting priced out of these rural areas which is where in many cases they want to live. in places like jackson hole the people who work there cannot live remotely close to jackson hole. they have to go over these icy roads to get there. rural america is being affected by this. this is part of the whole issue of feudalism which is property ownership is becoming more and more concentrated in fewer hands and it is also likely that during this pandemic, i am not going to blame one part or the other. thethe reality is that what pandemic is doing, this is very critical, creating a situation -- i have been doing interviews owners, small property in minority communities and immigrant communities, they don't have the conn

director of economic policy studies at the american enterprise institute and author of "the american strain. he's also a bloomberg opinion columnist. and his latest piece is entitled "good economic news is coming, and that's bad." michael, why don't we start there. what's coming, and why is it bad? >> well, i think there are two risks from some of the good economic news that i would expect to start coming over the course of the summer. one risk is that that news will mislead people. and a lot of this has to do with how economic statistics are put together, but most of it has to do with just how bad things are. so it's quite reasonable to expect and the congressional budget office is forecasting quarterly economic growth of 25% at an annualized rate. the unemployment rate to come down by 20% by the end of the year. these numbers sound really spectacular. even if they happen, and i think there's a very good chance that they will, at the end of the calendar year, the u.s. economy will still be in terrible shape. so part of the challenge is that a lot of this good news is going to be con

underwritten jointly debt issued by european institutions and that makes sense as this is a common challenge rather than something that is the result of national economic policies. misters meaning the latest polls i don't know if you've seen them but they show that about half of germans are still not convinced that it is safe to vacation abroad this summer let me ask you what happens if the borders are all open but the germans designed to stay home this summer well they won't quite decide to stay home this summer if that were to happen that indeed would be a significant loss for other parts of europe my impression is that germans at the moment where it's allowed to travel within the country already are taking good advantage of that traveling within the country and indeed once the borders to neighboring countries are open again they will also take advantage of that just not as much advantage of it as was usual in past all right are you taking a summer vacation outside of the country mr meeting for well we're still thinking about if we may end up doing so but it's a bit early let's see exactly how the pandemic evolves in various places and indeed possibly greece