for the white community of richmond, and goals, in terms of investment, just like on t friedmans bank, they did have a small account at theank or may have stopped in the bank, also show they were progressive and efforts of black progress. and black banks, really try to make point we lgely black control efforts uplifting the community and made appeals to race pride, some talked about and stressed they would accomplish the things they were able to accomplish without white assistance, use ofheir services. on the one hand, and a shoof support, did participate minimally in actual investment in these organizations but african-americans at the same time rlly stressing they didn'teally need a require white participation to really showcasehese organizations and i want to say too economic growth is an area you get by in, radical moderate, people who could be staunchly segregationist, who could suppt the idea of a separate black economy and ha more liberal or moderate people, all sorts of support for a black separate economy. the idea of participation and concepti of the place of white business

the friedman's bank was created after the civil war, immediately after the civil war, 1865. it lasted nearly a decade to 1874. it was a bank that was formed to afford freed people, the former leformerly slaved. and it was in the charter one of the banks that were formed by and chartered by the federal gornment. so, we have the first bank of the united states, the second bank of the united states and the friedman's bank. and a board of all-white trustees because they didn't trust african-americans to kind of know how to direct their financial futures. and there was a kind of change in the bank that allowed it to be of immense resources, of a billion dollars circulated in this bank in terms of modern-day dollars in the decades that it operated. through that corruption of the white trustees and other people connected to the bank like the financiers of new york it led to the demise and lost millions of dollars of their deposits. that's the kind of story i want to say in my book how they kind of subverted some of the plans and visions and limited economic visions of the white tru

lee's estate which does a fairly good job of acknowledging of friedman's village. in this part of the top. there are some other camps that i think the anacostia library does a very fine job of looking at and kind of recording some of that work. also, the churches, the ame changes in d.c. do a really great job of kind of remembering and understanding african american experience is in the district. so i think that there certainly is an effort to do that and i think it's going to -- it has been a fine effort thus far. but as we see, there are so many ways that you can sort of marketplace and understand it. in terms of your second question. yes, in the book project i have a chapter on black girls and schools. it's really fascinating because there are these schools for black girls that emerge kind of leading into the war. the mayor of washington kind of gets really worked up about it. he basically says that the schools for black girls are a threat to the union, which sounds like, it feels hyperbolic. it just goes to show the kind of work, the building that african ameri

i don't think many people know about the friedmans bank. educate us a little bit on that. >> i will be sure to talk a little bit louder. the bank was created after the civil war, immediately after the civil war in 1865 and lasted a decade to 1874. it was a bank that was formed for the formerly enslaved, one of the banks that were formed, charted by the federal government, the first bank of the united states, the board of all white trustees, they didn't trust african-americans to know how to direct their financial futures and it was a change in the bank that allowed it to be immense resources of $1 billion speculated in this bank in terms of modern-day dollars, the near decade that operated and through the corruption of the white trustees and other people connected to the bank like the jake brothers financiers, it led to the demise of the bank, african-americans lost millions of dollars of deposits, that is a common story. in my book i try to look at how african-americans use the bank, how they subverted some of the plans and visions that li

in terms of investment there probably were just like in the friedman's bank there probably were some who did have a small account in the bank or may have bought a couple of stock in the bank in order to show that they were progresve and supportive in this kind o effort for a black progress. but black banks notust st. luke's but many organizations in particular insurance companies and black banks tried to make a point that these were largely black controlled efforts uplifting the community, and the really made appeals to race pride. some o them talked about and stressed that they were able to accomplish the things that they were able to accomplish without white assistance and the use of their services. so, it is a complex question. on the one hand, as a show of support did participate minimally in the actual investment in these organizations but african-americans at the same time were stressing that they didn't really need or require the participation to showcase these organizations for progress. and i just want to say also that you know, economic growth and business is an area where

i'll talk about it with thomas friedman. he's standing by live.ll have an update on the difficult logistical challenges states are now facing as they prepare to distribute -- and we hope they will be able to -- a coronavirus vaccine. we'll be right back. we starteg the cloud easier to manage. but we didn't stop there. we made a cloud flexible enough to adapt to any size business. no matter what it does, or how it changes. and we kept going. so you only pay for what you use. because at dell technologies, we stop...at nothing. ♪ >>> the breaking news we're following, the former white house chief of staff general john kelly is slamming, slamming president trump for refusing to facilitate a peaceful transition of power . in a new statement, he calls the delay an increasing national security and health crisis and warns that the consequences could be, in his words, catastrophic. let's discuss with thomas friedman, the author of "the world is flat." thank you so much for joining us. what's your reaction to this very stark warning about national security,

abc 7 news reporter wayne friedman spoke with noah moen today, who many are calling a social justice hero. >> reporter: in fairfax marin county it's very clear that they wear progressive politics on their proverbial sleeves. everywhere. which makes this visit from an out of towner yesterday all the more brazen to locals. >> let me see your stickers. don't be putting that up in my [ bleep ] town, bro. >> reporter: that is 21-year-old noah moen behind the camera asking the questions. putting up nazi stickers in fairfax? let me see your face, bro. you keep putting them up if you want, bro. i'm going to keep ripping them off, bro. i'm going to keep ripping them off. >> for him to come here and put up nazi stickers in a place he doesn't even live in the middle of the day thinking that no one's going to do anything about it, that's crazy to me. >> reporter: noah is half jewish and an amateur boxer. which speaks to his restraint despite the expletives in a nine-minute confrontation yesterday. his defense of his hometown relentless. >> not in my [ bleep ] city, bro. go back to your car. >> w

and so, in terms of investment, there probably were, just like the friedman's bank, there were probably some whites who did either have a small account in the bank or, you know, perhaps may have bought a couple of, you know, stocks in the bank in order to show that they were progressive and supportive of these kinds of efforts for black progress, but black banks, not just st. luke, but many black financial institutions insurance and black banks, really tried to make a point that these were largely black-controlled efforts uplifting the community, and they really made appeals to race pride. some of them talked about and really stressed that they were able to, you know, accomplish the things that they were able to accomplish without white assistance or use of their services. so it's a complex question. so on the one hand, you have whites who probably as a show of support, you know, did participate minimally in actual investment in these organizatio organizations, but african-americans at the same time were really stressing that they didn't really need or require whites participation to re

>> i am overjoyed. >> reporter: in sonoma county airport wayne friedman, abc 7 news. >> incredible. 105ll right. that's our report. we'l i waited to get treated. thought surgery was my only option. but then i found out about nonsurgical treatments. it was a total game changer. learn more about the condition at factsonhand.com >>> tonight, the coronavirus exploding in record numbers across america and new fears, new action tonight in new york city. more than 152,000 new cases reported in just the last 24 hours in the u.s. new york's governor taking swift action tonight, seeing alarming numbers in the state. new orders for bars, restaurants and gyms, calling them the main spreaders of covid-19. and across the country, texas now with more than 1 million infections. the images from idaho, oklahoma, utah, the dakotas. the cdc now with new guidance for wearing masks.g on a secon vaccine, after that news from pfizer. >>> the new warning tonight about thanksgiving. what the cdc is now recommending for americans celebrating the holiday. and concern over students returng

as being sort of undergirded in support of a set of dynamics that marginalize women vis-À-vis the friedmanbureau practices. so i think this helped me think about decision-making practices in a community need to be more robust in the ways that it's serving the needs of the community but also may carry alternate other effects that may be were not intended. then you asked a question about the relationship to the episcopal church and whether or not there were ways, sort of being related to white churches short of shaped gender and rich roles. this solution about this churches are not something they only do. there are ways in which some of the practices death tail, but they have a particular sort of context for the community using them in that moment. you're not just taking it from sort of white people implementing it, but they are working out of their own context to make something meaningful and useful for them in that moment. >> just to follow up another question that somebody typed in. it has to do with your use of the term at this to me logical theology. the idea community, black community,

new york times columnist and author of "thank you for being late," tom friedman is here. money for this hair. you want to scare it off my head. what does it mean? >> well, chris, it is a real possibility that we will not be able to have a legitimate transfer of power. that if the president does lose, does contest the vote, does create massive discrediting of the outcome, we could have a prolonged period where we don't have a legitimate transfer of power for the first time in our history. i believe the stress out of that, the economic and the violence of that could be just terrible. so i'm praying that doesn't happen. but i think that we have to realize that given the extreme nature of this president, given the fact that he has no bottom, it's very clear, as i said the other night, you know, al gore when he lost in a very close ultimately supreme court decided vote, he took a bullet for the country. donald trump will put a bullet into the country. if you don't think that's true, then you haven't been paying attention the last four years. >> so when you say america as we kn

so bounce forward, with comcast business. >>> brother, tom friedman, joins us now.es" columnist, author of the best-seller "thank you for being late." welcome back. >> great to be with you, chris. >> rudy, today, moonshot? or kill shot for the cause? >> you know, watching that, chris, all i could think is if this were a russian agent, if this were moscow, a guy in moscow, declaring that our elections were complete fraud, without any evidence. i think a couple things. one, is as a country, we'd laugh it off. and, on the other level, we'd -- the cia on that guy. i mean, that is a direct attack against the crown jewel of this country. it was done without evidence, without a single court vicry. a victory. and the fact that you have a party who continues to enable that and tolerate it and not call it out is just so disturbing and so shameful. peggy noonan made a comment, tonight. if you republicans, keep calling this whole thing rigged, you're attacking the very core of our system. and what happens next time? by the way, why should anyone vote? why should anyone vote in

>> guest: it was to an extent milton friedman, most people know his favorite new york times magazine article, the business of business saying business must have a single unitary goal of increasing value to shareholders, serving shareholders and a great scholar double down on that and made a powerful argument in 1976 about how a corporation didn't have that singular goal it wouldn't know how to make decisions, would get confused and do all kinds of things that would make it ineffective for the shareholders. that happened in the 70s. that is the decade this notion of there should be a singular goal, it should be efficiency, that efficiency they believed would make the world a better place, more expensive products and more values for shareholders, they stopped thinking about the question of is it just that, or is it a more complicated picture, that went out the window. >> host: it is not logic, there is history behind that. we see so often so many compelling examples of a single, measurable goal, the effect it can have on people. everybody get behind it. we measure it on a monthly basis

here is "new york times" columnist, tom friedman. >> i hope everybody moves to georgia in the next monthr two. registers to vote, and votes for these two democratic senators. >> harris: jonathan serrie's love for us in atlanta, georgia. as this runoff looms, georgia is still dealing with resolving the tight presidential race. >> yeah, we are still trying to figure out if georgia is turning blue or red in the presidential race. we are on the eve of the recount. georgia secretary of state says he wants that manual recount to begin before the end of this week. because of georgia's new electronic voting machines, they produced not only a digital ballot, but a paper copy of each digital ballot, so the recount can indeed be done literally by hand. because the margin between president trump and president-elect joe biden is so thin in this race, every single vote cast for president in georgia will be recounted. the secretary says his office is investigating specific complaints, but so far there is no evidence of widescale voter fraud. >> we believe that the best balance, we are counting actively

you had the friedman article but which also had was a rising ecosystem of corporate raiders, private equity, shareholder activists, all of whom felt that the people who ran large companies use multiple goals as excuses. i didn't agree on shareholder return but i am doing really good over here onhis thing for that thing. which is an understandable human dynamic that for them forcing discipline around a single metric was a means of accountability, and without they feared you wouldn't have accountability. >> i agree. that is again where i say there was a values to the push for efficiency. your life can be made easier by having a singular goal but i would just want anybody to be aware -- be wary of what you wish for. that is what is happening. you might get things you did not think you would, and one of the things we have gotten, i think quite by accident, i do not think anybody like dr. evil plant the great massive income inequality with the top 1% doing better than it is evident industry by far. nobody could've said hey, we want that. it was the outcome of taking one lever and pulling

and yet you can see that thomas friedman types the media and the democrats they all speak in one voicedemanding that we hurry up, hurry up you know it takes an assistant u.s. attorney months and sometimes years to bring one tax fraud case. you're talking about at least 6 states, with massive populations, where these volunteer lawyers that are working for the trump campaign have to find ways to interview individuals who make allegations there's no subpoena powers and so forth. and they say let's hurry up, hurry up they want to hurry up because they want to kill this, don't they? >> that is exactly right you're right that it takes tile to do this but when we've managed to find in seven plus days we have found quite a bit people who are willing and their own hand writing to write down their allegation, put that i recall name down, sign their allegation, with the notary there, sworn testimony under penalty of perjury and what is remarkable is consistency in which affidavit read a poll watcher pushed out in michigan literally physically pushed one young woman called this c word another one

nobody noticed or cared and now and with the's items it is almost impossible to change or alter as friedman once remarked nothing so permanent there is a lot more program in washington dc. quite simple example of high income low income tariff schedule which has two or three versions that the standard version is enlisted for three dollars with a 22.5 percent tariff, a slightly more expensive and then have seven.2 percent it is as though somebody sat down at some point and said how can we arrange the tariff schedule to advantage the wealthy and screw the poor? i'm sure nobody did that. i hope nobody did but the way it has turned out is remarkably close. >> but then they give fishing lawyers and licenses and so on but it turns out they have a high import tariff but feather duster's have a very low import tariff. it doesn't take a genius to figure out that if they import feather gestures put the and then to restore those issues of the marketplace. we are often asked when we do interviews, what word you do about these things? in terms of a policy matter it's very easy. just eliminate the tariffs

. >> harry friedman has been the show's producer for ten years. answers and questions are a closely-guarded secret. they have to guard their integrity or it's game over. >> we are the fort knox of game shows. we take it very, very, very, very seriously. >> here's something you don't see at home, a huddle. when there's doubt about a clue or the contestant's answer, they call an instant huddle with producers, researchers, even college professors on the phone if they have to. >> here we go, everybody. >> the show finds players by searching the entire country for people who are smart, personable and know a little about a lot. >> what else would you want to do on a sunday morning but take a written test? >> this was a contestant screening in boston. the show looks at about 3,000 or 4,000 candidates a year to get the 400 or so who actually make it on the air. >> who is thestersterhood of the traveling pants. >> this is the telewriter >> there is a strategy to even to handling the button. >> a finger right on top. if you think you know the correct respon

yet, you can see that thomas friedman types in the media and the democrats all speak in one voice demandingwe hurry up, hurry up, hurry up. the u.s. attorney general takes months and years to bring one tax fraud case. you are talking about at least six states with massive populations where these volunteer lawyers working for the trump campaign have to find ways to interview individuals who make allegations and there is no subpoena powers and so forth. they say let's hurry up, hurry up, hurry up. they want to hurry up because they want to kill this, don't they? >> that's exactly right. it takes time to do this but what we managed to find in just seven plus days we found quite a bit and people who are willing in their own handwriting to write down their allegation, put their name down, sign their allegation with a notary there, sworn testimony under penalty of perjury and what is remarkable is the consistency which the affidavits read. a poll watchers being pushed out and michigan literally physically pushed. one young woman called the c word and another one of our poll watchers a man of chin

not a tiny settlement surrounded by hundreds of thousands of palestinian in early october, john friedman, a friend of peres, convinced him to arrange a rally in support of the peace process. peres urged robin to accept the initiative, but rabin wondered, would be bill, even leave their homes in those days, rabin was more pessimistic than ever. is too much is heard in the middle east from the few extremists tonight, the supporters of peace and a huge rally in tel aviv. this is the young israel, tired of obvious service, tired of chasing palestinian stone, throwing children through refugee camps all sides are mobilizing. but this is now becoming one of the most contentious moments in israeli history for the past 5, perhaps no surprise is fighting, and there is a popular no matter what peace it was the happiest day of his life. i've known him for 15 years. i do never seen him so happy. he had many towns that were just there. he didn't know if people would show up or how they'd behave. and to his pleasant surprise, the crowd was enormous. and the enthusiasm was incredible. and the young men

tom friedman, really appreciate it, as always. thank you. >> thank you, anderson. >> coming up next, senior biden adviser and top lawyer and what the next steps are for dealing with the president who just won't deal with them. >>> more people hospitalized, as i mentioned, right now than ever before. new, record number of daily cases and the death toll climbing. dr. sanjay gupta joins us to talk about what we can do now, how we can help to stop this from getting worse. ahead. unlike other sleep aids, our extended release melatonin helps you sleep longer. and longer. zzzquil pure zzzs all night. fall asleep. stay asleep. (children laughing) ♪ (music swells) (dog barking) ♪ (music fades) (exhales) experience the power of sanctuary at the lincoln wish list sales event. sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first month's payment. americans from both parties. turned out to vote in numbers like we haven't seen in a hundred years. and election officials counted those votes carefully,

seasteading institute has developed a concept for a floating city project led by political theorist pantry friedman. the co-founder of pay pal is also on board. the idea has a political dimension to solve or an ocean colonies would be free from state control. but floating communities must be available to everyone, not just the wealthy. the oceanic project is being developed in coordination with the united nations. the goal is to make floating cities available to the many coastal regions that are under threat. those solutions are urgently needed. nearly half of the world's population lives within 100 kilometers of the coastline. oceanic cities could grow and adapt housing anywhere from 30210000 people. the threat of rising sea levels might be right around the corner. hamburg in northern germany could also be at risk if god thi, how moorcock is and it's a real danger. hamburg is located just 100 kilometers from the coast and research, and the gates that the sea level in 10 used to rise with the risk of storm surges would increase significantly nama, already through the news reels recalled. a flood of

friedman. the co-founder of pay pal is also on board. the idea has a political dimension to solve or an ocean colonies would be free from state control. but floating communities must be available to everyone, not just the wealthy. the oceanic project is being developed in coordination with the united nations. the goal is to make floating cities available to the many coastal regions that are under threat. and those solutions are urgently needed. nearly half of the world's population lives within 100 kilometers of the coastline . oceanic cities could grow and adapt housing anywhere from 30210000 people. the threat of rising sea levels might be right around the corner. hamburg in northern germany could also be at risk that the home work is and it's a real danger. hamburg is located just 100 kilometers from the coast and research indicates that if the sea level continues to rise with the risk of storm surges would increase significantly. broadly through the news reels recalled, a flood of 962 when a storm surge washed over the dikes and floo

seasteading institute has developed a concept for a floating city project led by political theorist pantry friedman, the co-founder of pay pal, there's also one tool. the idea has a political dimension. the sovereign ocean colonies would be free from state control but floating communities must be available to everyone, not just the wealthy. the oceanic project is being developed in coordination with the united nations. the goal is to make floating cities available to the many coastal regions that are under threat. those solutions are urgently needed. nearly half of the world's population lives within 100 kilometers of the coastline. oceanic cities could grow and adapt housing anywhere from 30210000 people. the threat of rising sea levels might be right around the corner. hamburg in northern germany could also be at risk if god, the homework is and it's a real danger. hamburg is located just 100 kilometers from the coast. and research indicates that if the sea level in 10 used to rise with the risk of storm surges would increase significantly already through the news reels recalled. a flood of 962 w

last week the 50th anniversary of the very famous milton friedman the task of managers is to make as much money as possible for shareholders. that old story may have been useful at some point. i want to know but it's not very useful anymore. the idea that making money and profits is all that matters where shareholders are all that matters and real investors try to do each other in and only worried about short-term economic self-interest people have to manage not to laugh or make jokes and is an oxymoron or jumbo shrimp theoretical subject if you have a new one it in the chat so i can use them. ever since the global financial crisis we have seen an increase in the clarion call for can we speak about business or capitalism different? i will use those two terms interchangeably. i am a modern-day adam smith fan he never use the word capitalism but he did write about ethics that most people don't read. so in the aftermath of the global financial crisis with an increase in the call for reform they that again several problems that are there 70 percent problems that comes from the studies th

liberal beliefs of a group of chalange conservatives who studied under american economist milton friedman a way the dark lord of economics i heard the theme of his 80th birthday party was the banality of evil is most famous for the quote hey look if i just carry the one on this equation a 1000000 people die isn't that exciting what the guardian article though fails to mention probably intentionally is that the coup that put the military despot pinochet in power was manufactured facilitated by our very own cia to force out socialist salvador allende and although authorities claim a yand killed himself during the coup. i think he did it the same way jeffrey abstained with a little help from his friends. anyway this constitutional rewrite never would have happened without large scale protests by the chilean people last year the people took to the streets and demanded change and the result is the cia is watching all their hard work get wiped away sorry cia sorry mike pompei o donald trump nancy pelosi etc the people of latin america are just about done with your show don't let the screen door

major legislation, like the civil rights act of 18 -- set which extended citizenship rights to the friedman. and then, subsequently, constitutional amendments and the 14th amendment with guaranteed citizenship rights. the 15th amendment, which guaranteed voting rights. and then also, a series of reconstruction acts that divided the south in the military districts, and gave power to union generals to run those districts politically, essentially. to set up elections, and to ensure that african americans could come to the polls, under the new laws and maintenance that had been passed. >> in the house collection, we have a number of images, prince mostly from news weeklies, for example this is one right here from 1866. this scene outside the galleries at the passage of that civil rights act and -- and it is a great jubilation, and we have someone for the passage of those amendments that you are talking about. and other civil rights acts and all of them people seem really excited and delighted at this level of progress so, so it certainly is being portrayed in the public eye as something that is

in sonoma county, wayne friedman, abc 7 news. >>> san francisco's public schools will get help from 20 city workers to ensure campuses are safe for in-person classes to resume in january. that includes making sure windows can open and furniture can be spaced properly to ensure social distancing. school district workers have evaluated 20 campuses and need to check another 65. the district plans to bring its youngest students back to campus starting january 25th. >>> meanwhile in santa rosa a mom says the school lunches being sent home during covid-19 aren't safe to eat. abc 7 news i-team reporter melanie woodrow spoke with the school district which is apologizing for the error. >> reporter: rotten apples and moldy carrots. >> i'm afraid for the safety of my children's food. >> reporter: this is what jessica farwell says she picked up from the santa rosa unified school district's lunch program. >> that puts us in a difficult position as a family because we are struggling and it is a difficult year. we cannot easily replace those items. >> reporter: farwell and her husband are both out of

juliette: we thank you for your insights, that is george friedman. up, we go searching for clues inside joe biden's possible cabinet and what it could mean for foreign policy. we will look at that next. this is bloomberg. ♪ ♪ washington's shift in foreign policy, especially relations with aging, will be one of the most closely -- with beijing, will be mostly washed when joe biden takes the white house. that hyden might be soft on beijing. story withore on the the derek wallbank could a lot of -- derek. there are a lot of moving parts about how the relationship could possibly change. the point about giving biden an opening to do something was an interesting point. i would be interested to see where that goes. a lot of people have been thinking biden will be a full reset on china, they may or may not have been familiar with biden's experience with the subject. when the hong kong stuff was in its biggest throes, biden and, u.s.s were saying the should stand up more forcefully on hong kong. there are definitely some things where hyden wants to press chin

it is backed by hellman and friedman.omberg has learned that airbnb set up a long-awaited filing for an ipo has slipped to next week. home sharing giant is set to file thursday but decided on a delay to keep from being overshadowed by the u.s. election. airbnb is planning to raise as much as $3 billion in its debut on the nasdaq. china's -- is to a u.s. appeals court over the tiktok video sharing app. hastrump administration cited national security grounds. bytedance is seeking an extension. equities, not bonds, currencies, and commodities. it is not doing all that much. in the u.s., futures green. 2.18.utures up i have a final quote on a static 10 year yield. -- 19753 -- .90 753. is on thethe focus rotation, on some of the other things we are watching, including this hong kong opposition, actually quitting en asse to protest the new china powers. tweeting about having an impact here in europe, you can see they are still getting 0.5%, and this is really some of the shares including utilities. theill have plenty more on ma

>> i think to a great extent it was milton friedman's famous "new york times" magazine article saying business must have a single unitary goal of increasing the value to shareholders and also a great guy and great scholar doubled down on that and made a powerful argument about a singular goal that all happened in the 70s and that is the decade where the motion should be singular and they believed it would make the world a better place. more value for the shareholders and investors et cetera so when they stopped thinking about the question. so often it's a single measurable goal so this is what we are doing. everybody get behind it we are going to measure it on a monthly basis and we are going to clock the results. >> you can tell the stories about a given project, let's put a man on the moon but when you ask the question of if you keep doing that and keep doing that and keep doing that and of course you get to where i say in the book more isn't better. when you keep doing that it's no longer the perfect example of doing things give us an example of where efficiency has led business a

last week was the fiftieth anniversary of the very famous paper by milton friedman that the only task of managers is to make it as funny as possible for shareholders, that old story may have been useful at some point, not very useful, it is not very useful anymore, making money and profits, shareholders is all that matters, the idea that business is about baskets trying to do each other in, people only worry about their short-term economic self-interest. i tell somebody people have to manage not to laugh, to make jokes, it is an oxymoron, theoretical subjects. ever since the global financial crisis. the clarion call for can i think about business -- i will use the terms interchangeably. i am kind of a modern day adam smith fan. smith never used the word capitalism. he did write a lot about ethics that most people don't read. the aftermath of the global financial crisis, an increase in calls for reform. several problems, i would call the 70% problem, comes from the studies that looked at engagement. it is done in the us, higher, and singapore and others, 70% of people are unengaged. i

government, so we have the first bank of the united states, the second bank of the united states and the friedman's bank. they used a board of all white trusteeall-whitetrustees becaust trust african-americans to kind of know how to direct their financial futures and there was a kind of change in the bank that allowed it to be immense resources of a billion dollars circulated in terms of modern-day dollars in the near decade that it operated and through that corruption of the white trustees and other people connected to the bank like the finance user new york it led to the demise so that is the common story i just want to say in my book i try to look at how african-americans use the bank and from the plans and divisions thavisionsthat limited economicf these trustees to lend to meet their needs and then i also point out that, two parts i make about the bank is that black women, black people never abandon their network they forged through slavery and after. they put the bank in that network and even though the failure of the bank was devastating for people to lose as a symbol of progress and citizen

tom: i don't mean to interrupt, but we have to get ben friedman and adam posen together on this.rancine: adam can also come back in december. a monthly catch up. how do you see inflation from until i guess vaccine distribution. adam: i think president lagarde, governor bailey, at then powell, speaking ecb virtual conference yesterday are rightly playing down the hopes. this is partly a generic thing. a central banker doesn't want to get out on a limb and be overly optimistic, but is partly because'of the labor markets slack.- labor market's when you have slack it is hard advance- it is hard to an economy without wage growth. we were finally starting to get it. without that it is almost impossible to get inflation moving forward. when you look at the next six months, some things will spike. maybe there will be shortages of health care in the non-vaccine-oriented fields. maybe there will be a spike in education costs. the fundamental softness the what drives prices in the western world will remain. francine: i know you have been really wonderful on brexit, so i have to ask for an u

so, friedman. it famously came together . with sn being called thought collective. not only got the others but actively proceeded their agenda in everett avenue that was available. the media or politics orhether it was universities . and law schools of course. infecting courts from the republican courtroom today. and this is an aggressive admittedly an objectionable way of thinking about pitical change. t that's different from the other side. i think that we will think about fighting for per. we have to anticipate with the other side will do. >> yes . >> i think it anticipates what that should look like here. what i'm suggesting for you is any movement even post pandemic to write about that . >> will thank you david. so let you respond . at the couple of questns. intimate have some comments now that you have heard both anna and david prayed for mike and i, i would say this book is to optimistic about law think . so there are varying questions do you want to stay involved in law. thansell d yes . the gre british marxism story that you talked about the rule of law and

with a final admonishment from milton friedman when he said is one and only one social responsibility of business. its resources and engage in activities designed to profits so long as it stays within the rules of the ame which is to say engages in open and free competition without deception or fraud. businesses help society. rofitable businesses increase employment. profitable businesses are good for america. back.d the speaker pro tempore: the chair recognizes the gentleman from pennsylvania, mr. thompson, for five minutes. thank you, mr. speaker. mr. speaker, i rise today to 19, today, asember rural health day. each year the third thursday in is an opportunity to highlight both the challenges and the triumphs of rural health care. nearly 60 million americans call rural america home. place to live, to work, to raise a family. to ensure the vitality and in rural america, investments in infrastructure, echnology, and, of course, health care are critical. americans in every corner of the access to rve reliable, quality health care, but rural america faces its own health challenges that

institute has developed a concept for a floating city project led by a political theorist, patry friedman. the co-founder of paid pound is also on board. the idea has a political dimension. the sovereign ocean colonies would be free from state control. but floating communities must be available to everyone, not just the wealthy. the oceanic project is being developed in coordination with the united nations. the goal is to make floating cities available to the many coastal regions that are under threat. those solutions are urgently needed. nearly half of the world's population lives within 100 kilometers of the coastline. oceanic cities could grow and adapt housing anywhere from 30210000 people. the threat of rising sea levels might be right around the corner. hamburg in northern germany could also be at risk if god 3, how much is it? and it's a real danger. hamburg is located just 100 kilometers from the coast. and research indicates that if the sea level continues to rise, the risk of storm surges would increase significantly. boycie through the news reels recalled, a flood of 962 when a

liberal elites are going all in in georgia, from tom friedman of "the new york times" to andrew yang. they are borderline at the prospect of a one-party democratic control of the government. then nirvana will be upon us. the great reset, reparations, a global wealth tax, open borders, gun bans and a carbon tax. that would just be a start. now we will see what the republicans are really made of pure georgia election officials better police these ballots. we cannot see control of the senate fall victim to another fraud and people need to open their check books or they are going to find their account drained anyway by this time next year. chuck schumer, he salivated. >> we take georgia and then we take the world! >> access to health care and access to justice are still on the line. >> let's give the people of georgia two new senators who will fight for your interests, not for donald trump's interest! >> georgia, then we change america. >> laura: what a goofball. god help us, he is insufferable as a minority leader. imagine him back as majority leader. every georgian must register to vote

example about framing the problem as a problem between health and the economy they say professor friedman, we need profits or ethics? my take is like asking do i want a heart or lung? , both. we have to be able to figure out how to keep people as healthy as possible and jobs in a thriving economy. if you frame it as a trade-off, that's what you find. we try to argue is, stop framing as a trade-off. if you go back to what i said human beings are, we invent vocabularies for some of our problems, we often invent vocabulary to get out of a trade-off i don't live in another world, sometimes you have to make trade-offs. you just can't figure it out but that is a failure, failure of imagination. how many business schools spent time and effort helping their students build their creative imagination? i don't mean just creativity, i mean spending a lot of time studying and caucusing creative arts. you build creative imagination, unfortunately not games, you can do a little of that but using an art and literature. if we don't start doing that in business schools, i don't think there was much left to

tom friedman with "the new york times" is also backing the idea. >> i hope everybody moving to georgiathe next month or two, registers to vote for these two democratic senators running against two senators that were selling stocks before the public was aware of that information. both of them were investigated for that. >> juan: jesse, i'm glad you're back from your deep dive. i wanted to start here. there's going to be a recount in georgia. >> jesse: an audit, i believe. >> juan: a recount, i believe. can we all agree that recounts are fine but they don't move votes by the tens of thousands. so joe biden is winning, right? >> jesse: traditionally you're right about that with the recounts. i heard this was more of an audit. they're not just going to reprocess every audit. they're going to do a forensic analysis of all the ballots to see what went down there. that's fine. we'll see what happens. just the amount of scorched earth oppo drops that i've seen on these two democratic senators in the last 48 hours, my god. they sound like -- one guy backed reverend wright and another guy defund

jacob soboroff, sam friedman, thank you. tom, thank you for being here with us. let's talk more about the vaccine. science the other day came out with an article that says listen, we have to talk about the vaccine side effects. there are side effects that can be serious and if we don't warn people about them, if we don't warn people about them there could be a real problem with misinformation when somebody starts to feel off and then warns people about the vaccines. so i take this to you, sir. >> first, it is very encouraging and very good news. no one expected vaccines 90% effective this quickly but we don't know how long. we don't know if there is rare but severe adverse effects. we want to tell me people what we know and don't know. there is a very important meeting tomorrow afternoon. it may not be a household world, but that committee is the committee that decides which vaccines are give ton everyone in the country and what the schedule is. it is a very good group. they're the top experts from universities, organizations that focus on vaccines. they look at

from tom friedman of "the new york times" to andrew yang. they arere borderline at the prospect of a one-party democrat-controlled government. then nirvana will be upon us. the great reset. reparations. a global wealth tax. open borders. gun bans. and a carbon tax. that is just the start. now we are going to see what the republicans are really made of. georgia election officials better police these ballots. we cannot cede control of the senate, see it fall victim to another fraud. people need to open their checkbooks or they are going to find their accounts drained anyway by this time next year. chuck schumer, he is salivating. >> we'll take georgia and then we'll change the world. >> access to health care and access to justice are still on the line. >> let's give georgia to cope new senators whoew will fight fr your interests. not for donald trump's interests. >> changed georgia, change america. >> laura: what a goofball appear he's insufferable as a minorityty leader. imagine him back as majority leader. every georgian must register to vot

she earned her msa from columbia college chicago when she was a recipient of the david friedman award for best fiction. new city magazine recently named her one of 2020s list, those who really looked in chicago. she writes and teaches outside of chicago. first, we'd like to hear from you today, stephanie, her book entitled -- how about it? >> in the u.s. borderlands. love, everyone. thank you for joining us. just to giv you some context, this is book examines life in the borderlands texas mexico border where i am from the new york canadian border, in particular, the nation dissected by ontario, quÉbec and the u.s. and canada reading fm a sectn from the terminology used when an undocumented pern isound on landho has not made it, they died along the w way. as you probably know, the's a major crisis along our southern border and other regions among the southern border that's essentially becoming a graveyard for people who are dying because of immigration policies. this takes place, i happen to be in the sheriff's department when i receive one of these phone calls and i went outo assist o

. >> as these legal battles are playing out, tom friedman with "the new york times" has this, and the,000 elections al gore took a bullet for the country, tonight trump put a bullet in the country. most shameful thing i've ever seen. a 37 day recount process only in places where he thought get additional votes for him. if you doubt this, his lawyer wrote about it. john, these legal avenues are there, they are available to candidates who think they are winning or losing. that's what the courts are for. what do you make up for tonight to strike >> i think the president has a right to pursue whatever legal options are open to him. the most important thing, something al gore would've agreed with, was we should try to count every valid votes. we're not trying to count a legal votes, but we want to count every valid vote. they do that in a transparent way, if there are questions for potential fraud or abuse, you can go to the court to vindicate your rights. i think right now donald trump is much in the position that al gore was in 20 years ago, and ironically, joe biden is in the position -

lastly week was the 50th anniversary of the very famous paper by milton friedman at the only task of managers is to make asmuch money as possible . for shareholders. that old story may have been useful at some point, i don't really know . but it's not very useful anymore. the idea that making money and profits is all that matters and the idea that shareholders are all that matters, the idea that businesses are about people trying to do each other in common that people only worry about theirshort-term economic self-interest , and when i tell somebody i teach ethics people have to strike a laugh or make jokes or whatever it's an oxymoron, it must be a short course didn't know business had any or theoretical subjects . if you've got a new one, put them in the chat so i can use them. so ever since the global financial crisis, we've seen an increase in the sort of clarion call for can we think about business for capitalism different. i'm going to usethose two terms interchangeably . i'm kind of a modern day adam smith fan. smith never used the word capitalism. he did write a lot about eth

last week was the 50th anniversary of the very famous paper by milton friedman and the only task of managers is to make as much money as possible for shareholders. that old story may have been useful at some point or they don't want to know but it's not very useful. it's not very useful anymore. the idea that making money is all that matters and the idea that shareholders are all what matters and businesses about greedy people trying to do each other in a people only worry about their short-term economics and when i tell somebody the specifics that people at the managed not to laugh or they have to make jokes comics and oxymoron like jumbo shrimp or theatre company -- theoretical subject. ever since the global financial crisis you've seen an increase in the clarion call for can we think about business or capitalism different? i'm going to use those two terms interchangeably. i'm kind of a modern day adam smith fan. smith never use the word capitalism. he did write a lot about ethics and most people don't read. the aftermath of the global financial crisis on increase in the calls for reform.

"new york times" columnist tom friedman is going to be with us, as well as pay pal ceo dan schulman, >>> check out shares of boeing the company's 737 max is safe to fly and could return to service ay january st tuned, you're watching "squawk box" on cnbc some hot cocoa? mom, look! are you okay? head home this holiday with the one you love. visit your local mercedes-benz dealer today for exceptional lease and financing offers at the mercedes-benz winter event. >>> coronavirus restrictions are coming back as the virus spreads essentially unchecked throughout the country. los angeles county is shutting down in-person dining for at least three weeks, including outside dining with the state of california still under a nighttime curfew, and nevada is set to tighten its rules for casinos, restaurants, and private gatherings, including thanksgiving dinners all of this coming with the stimulus package that's stalled in washington and concerning recent government economic data. joining us to talk about this, the presidential transition and much more it tom friedman, "new york times" foreign af

thomas friedman. we are always happy to have him., he is the author of "thank you for being late." an optimist's guide to thriving in the age of accelerations. appreciate you joining. >> great to be with you. >> so, you were worried about the fate of america, before the election. how you feeling now? >> well, you know, quite mixed. on the one hand, don, you know, we actually just had a remarkable election. more americans voted in this election than any time in our history. and their -- their neighbors and friends went out and counted the votes. and they did it, despite a -- a -- a -- a spreading pandemic and they seem to have done it quite well. it's really the most impressive election we've had since lincoln defeated mcclellan in the middle of the civil war. the bad news is we have a president who really sought to soil this achievement by fraudulently, you know, claiming fraud. but you know, don, i think and was listening to the show, before i came on here. that, there's one silver lining of this whole process of recounts. you know,

are come in from mike bloomberg and others and seen people diverse as andrew and columnst like tom friedmaniolate the law and move into georgia. and then stay there temporarily register and then get out basically that was their implication which is a felony everything hangs in balance now no margin for error, an if we think that georgia is a traditional red state anymore, it has had enormous changes in demography through illegal and legal immigration, and it's tech center the suburban 6 million of the 12 million people. and if question lose those two seats, i -- i don't think we'll you and i have never seen anything like the consequences in our lifetime. we're talking about structural changes to the constitution as we know it and to traditions and protocols of governess for over a century and a half. >> we'll be right back. >> live from america news headquarterses i'm jon scott for at least the next three weeks the san francisco 49ers are a team without a home. as the coronavirus continues to surge across the country, new restrictions are being enforced and santa clara county home of the 49