let's speak to professor michael genoveesa, president of the global policy institute. forjoining me, professor. a prime—time address such as this by a president can be a piece of history. did this one in your view count as history? i think we are going to have to go back to that interview and just a moment when we can, i think we are suffering from some little technical gremlins this morning. we will be back, hopefully, speaking to him about that historic first prime—time address by the president. let's move on, shall we, and talk about vaccine news. the oxford—astrazeneca vaccine has been suspended in three european countries, after reports that some people who've had the jab had developed blood clots. the european medicine agency has stressed the move was precautionary. norway and iceland announced their decisions after denmark stopped its rollout for two weeks. paul hawkins reports the ema's message is clear — there is no link between blood clots and the astrazeneca vaccine. the manufacturer says the drug's safety has been studied extensively in clinical trials. nev

water drop is the height of absurdity a good story we're going to have some really from the global policy institute thanks for joining us if you. are around the world the coronavirus pandemic has inflicted severely difficult times it's also been uncharted territory every country has had to learn quickly how best to deal with this massive new health threat some have apparently fared much better than others in their efforts so now was we start to work out what lessons can be learned and how to move forward we. a special report for you next from the russian republic of chechnya often criticized from abroad for its humanitarian record and strict regime has it found a way the through the pandemic that could be a template for others our correspondent to say 1st hand constantine. and yeah they tried to me a bit personally i condemn these methods but it seems they've proven to be quite effective. they took me to the police station a couple of times what for for being outside but seriously let's start over. when you think of chechnya your mind will kind of some negative associations test me it was one of th

be open to allowing some kind of transparency around that issue georgia sam wyly from the global policy institute thinks blame for the migrant crisis cannot be laid on the previous administration. even critics acknowledge 1 he did manage to bring the border situation under control he signed those country agreements with some central american countries that ensured that asylum seekers would seek asylum in those countries and they wouldn't come to the united states and then of course he signed the agreement with mexico that anyone seeking asylum. 1 at the u.s. border would have to stay in mexico while they're waiting the adjudication of their asylum claim by unceremoniously ended all of this in the 1st few days of his administration and surprise surprise he's got a crisis on this that he brought all of this crisis on 1 so for him now to blame this on trump when trumpet actually brought this to the board a great role it's the height of absurdity. italian entrepreneurs are put on carneval masks to protest the government's failure to help them in the pandemic that is still ahead when we come back afte

again, you have played a role in key global. played a role in key global institutions trying to persuade governments around the road to change policiesoday and still it seems there is so much left to do. are you of the belief that the way politics works around the world at the moment, it's impossible to get sufficient collaborative cooperative action to really address the climate change challenge?— address the climate change challenge? address the climate change challenue? �* . . , ~ ., challenge? actually, i think at the moment, _ challenge? actually, i think at the moment, i'm _ challenge? actually, i think at the moment, i'm a _ challenge? actually, i think at the moment, i'm a lot- challenge? actually, i think at the moment, i'm a lot more l the moment, i'm a lot more optimistic about the scope for agreement on climate. i think more and more countries are looking at carbon taxes. i think internationally, they are also looking at carbon taxes on their borders, which means that other countries can'tjust other countries can't just export carbon other countries can'tjust export carbon to them, and you have a more level playing field.

again, you have played a role in key global institutions trying to persuade governments around the road to change policies to do. are you of the belief that the way politics works around the world at the moment, it's impossible to get sufficient collaborative cooperative action to really address the climate change challenge? actually, i think at the moment, i'm a lot more optimistic about the scope for agreement on climate. i think more and more countries are looking at carbon taxes. i think internationally, they're also looking at carbon taxes on their borders, which means that other countries can'tjust export carbon to them, and you have a more level playing field. and i think as that plays out, i think you will see a lot more rapid progress in terms of green technologies, green investments and ways to reduce carbon. so, i think the only question on the climate is can we do it fast enough? will we act quickly enough? do you believe in the idea of a global social contract, then? which would include sort of obligations, mutual obligations, on things like action to save us from dangerous climate change? be

our second witness is director of global economy project at the institute of policy studies. ms. anderson has studied income wealth inequality four years and is a well-known expert on compensation. thank you for being with us. >> thank you very much for this opportunity. with the institute for policy studies and for more than 25 years. concentrating on the most dramatic driver the growing gap between co and worker pay. this is a systemic problem and in 1980 the average gap of the worker pay is 42 / one over the past 20 years the gap averages 350 / one. the growing divide is a driver of gender and racial disparity. nearly 90 percent of fortune 500 ceos are white man while people of color and women are disproportionately large share of low-wage workers. we all pay a price. in 2008 executives had huge bonuses to crash our economy leaving millions without jobs in the wake of that disaster senator mccain and many other lawmakers call for a $400,000 cap on pay and all companies receiving taxpayer assistance. corporations and walk-through banks design compensation packages to help rebou

our second witness is director of global economy project at the institute of policy studies. ms. anderson has studied income wealth inequality four years and is a well-known expert on compensation. thank you for being with us. >> thank you very much for this opportunity. with the institute for policy studies and for more than 25 years. concentrating on the most dramatic driver the growing gap between co and worker pay. this is a systemic problem and in 1980 the average gap of the worker pay is 42 / one over the past 20 years the gap averages 350 / one. the growing divide is a driver of gender and racial disparity. nearly 90 percent of fortune 500 ceos are white man while people of color and women are disproportionately large share of low-wage workers. we all pay a price. in 2008 executives had huge bonuses to crash our economy leaving millions without jobs in the wake of that disaster senator mccain and many other lawmakers call for a $400,000 cap on pay and all companies receiving taxpayer assistance. corporations and walk-through banks design compensation packages to help rebou

global powers. let's say farai gomez can help us to understand he's director of defense policy studies at the cato institute that's a libertarian think tank in washington welcome to d.w. at the can we start with this opening which was publicly night showed what is achieved by either side by starting such a way. well i think both sides really previewed this right i don't think this is coming as a surprise to anyone in beijing or in washington that the relationship is getting off to a very rocky start. it wasn't a very good place when the trump administration ended this is both due to what a lot of things that china has done but also u.s. perceptions of it and the united states is all in on a come petted of strategy with china and biden has said so as much very many times so far in his presidency so i think this is just going to be the opening round of a new normal in the u.s. trying to relationship that unfortunately will probably get worse before it gets better so to see if that was taking us anywhere you are might say ok fair enough but is there any evidence that recent u.s. actions against china trade war

they fit in in this new balance between global powers let's say farai gomez can help us to understand he's director of defense policy studies at the cato institute that's a libertarian think tank in washington welcome to d.w. at the can we start with this opening which was publicly by nature what is achieved by either side by starting such a way. well i think both sides really previewed this right i don't think this is coming as a surprise to anyone in beijing or in washington that the relationship is getting off to a very rocky start. it wasn't a very good place when the truck administration ended this is both due to what a lot of things that china has done but also u.s. perceptions of it and the united states is all in on a competitive strategy with china and biden has said so as much very many times so far in his presidency so i think this is just going to be the opening round of a new normal in the u.s. china relationship that unfortunately will probably get worse before it gets better trying to see if that was taking us anywhere you are might say ok fair enough but is there any evidence that recent u.s. actions against china trade was diplo

our second witness is the sarah anderson the director of , global economy project at the institute for policydies ms. anderson has studied income and wealth inequality for years and is a well-known expert on executive compensation. ms. anderson, thanks for being with us. sarah: thank you so much for this opportunity. i am sarah anderson with the institute for policy studies and i've been researching inequality for more than 25 years concentrating on what might be , the single most dramatic driver of that inequality the growing gap between ceo and worker pay. this is a systemic problem in corporate america. in 1980 the average gap between big companies ceo's and typical worker pay was 42 to 1. over the past 20 years that gap has averaged about 350 to 1. this growing pay divide is also a driver of gender and racial disparities. nearly 90 percent of fortune 500 ceo's are white men while women and people of color are disproportionately a large share of low-wage workers. but we all pay a price for this executive access back in 2008 executives chasing huge bonuses , crash our economy leaving , mill

. >>> the american enterprise institute's director of economic policy studies, michael strahan, spoke with charles goodhart about whether the global economic environment is on a path to higher inflation. >> it's the ultimate driving force. there's this massive surplus of labor. china and elsewhere there's a lot of employers that gain large profits and that is they haven't been under to increase productivity and the productivity the investment ratio in the countries and productivities and would rise again it is seeking to tie in the working age population that is one of the reasons why and the nominal wages of the workers will rise more than they have and -- >> let's dig this into two parts which is at the upper end of the income productivity that finds more capital which replaces the low productivity labor and sees jobs and incomes and there's another part of the population in the labor force which is learned productivity it was a shock to one part of the labor market and one sector in the labor market and raises wagers in that sector and it raises aggregate wages and there's something like this going on here which is that a large

at the same time you'll be confronting these global challenges you will also need to rebuild and restore usaid as an institution. successful foreign policy rests on the appropriate utilization of the three cheese . defense, diplomacy and development . unfortunately previous administrations had anywhere from skepticism to disdain the last of those two area while i believe ambassador green will be believed and invested in the mission of the agency, the years after his departure have taken a serious toll on the agency more out . strained usaid's relationships with its implementing partners and we can trust in america. the agency needs internal attention and i recommend it confirmed you listen to usaid's civil servants, foreign service officers and foreign service nationals to explain what usaid needs. as you may know usaid underwent a major reorganization spearheaded by ambassador green and while i believe approached this effort with the best of intentions the ultimate execution was lacking. i do believe the agency must be noble enough to respond to changing and pressing challenges and i trust you will make theongoing reorganization work be

they fit in in this new balance between global powers let's say farai gomez can help us to understand he's director of defense policy studies at the cato institute that's a libertarian think tank in washington welcome to d.w. at the can we start with this opening which was publicly natured what is achieved by either side by starting such a way. well i think both sides really previewed this right i don't think this is coming as a surprise to anyone in beijing or in washington that the relationship is getting off to a very rocky start. it wasn't a very good place when the truck administration ended this is both due to what a lot of things that china has done but also u.s. perceptions of it and the united states is all in on a competitive strategy with china and biden has said so as much very many times so far in his presidency so i think this is just going to be the opening round of a new normal in the u.s. china relationship that unfortunately will probably get worse before it gets better try to see if that was taking us anywhere you're might say ok fair enough but is there any evidence that recent u.s. actions against china trade was diplomatic

return to schools and there's the policy on education that i chair is working on that with the global action community on a broader scale with ebola. but the global institute of leadership is very focused on the impacts of covid and across the board there in the economy. there are many ways but there's also the possibility that we find to actually deliver change and what will that require? it will require government, business to think about how we build back and why is it through a gender lens but in the strategies looking at the recovery, looking at women with lost jobs and these distinctions in the economic rebound making large distinctions on gender that there's actionable things that individuals can do and this crisis meant that we become more aligned on technology and on businesses, education institutions, everyone is talking about even before what course will we take and what will become the new normal way of work. which would possibly be combating gender equality but if it isn't, it can actually exacerbate problems so as these offices say to their workforce that we're going to have a much more diverse and flexible group and we can be optimal eyes an

same time that you will be confronting these global challenges you also need to rebuild and restore usaid as an institution. successful u.s. foreign policy rests on the appropriate utilization of the three days, defense, diplomacy and development -- three these. previous administration anywhere from skepticism to disdain for the last of those two. i believe ambassador green for whom i have great respect believed and invested in the mission of the agency, they years after his departure had taken a serious toll on the agency morale, strained transient relationships with its incrementing partners in weakened trust in america. the agency needs internal attention and i recommend that if confirmed you listen to usaid's civil service, foreign service and four service nationals to explain what usaid needs. as you may know usaid underwent a major relaxation spearheaded by ambassador green, and while a believe he approached this effort with the best of intentions the ultimate execution was lacking. i do believe the agency must be nimble enough to respond to changing and pressing challenges, and i trust you will make the ongoing reorganization work