alan krueger writing a few years ago. krueger's out front.tter to look at the employment to population ratio. this is not affected by whether someone is counted as in or not in the labor force." what is the ratio tell us right now? alan: we are seeing some recovery but it is pretty far from normal. what i expected is we would see labor force participation decline when others were expecting a bounce back. i thought the long-term unemployed would leave the labor force. that is what we have seen and one of the reasons why the rate has been coming down. tom: ben bernanke and larry summers having a fight over secular stagnation. is dr. somers onto this? alan: i hope not. i think you did a good service raising the issue. i am more optimistic about the potential for the economy. i would like to see us take steps to increase immigration and increased demand in the economy. in the past, secular stagnation did hold and i am hopeful it will not hold now. tom: great to see it bernanke blocking. a data check into the jobs report. i look at yen, stronger y

. >> coming up i'll tell you how women are helping to protect rhinos in the greater krueger national park. >> the u.n. security council is said to meet in a closed-door meeting around yemen. they would discuss how to halt the fighting and bring in humanitarian aid. aden has been the scene of intense fighting. much of it centered in the district and to the east in the port city where fighters link to do the former president ali abdullah saleh has seized army headquarters. >> the streets have become a battleground and people of the city are caught in the cross fire. >> power supplies has been cut off from the district and it's going through an intense battle on thursday. people have been injured and a lot of people are dieing in hospital as well. >> days of fighting has destroyed much of the city center. the battles are fierce. hospitals are overwhelmed, and the people are desperate for help. >> we need them to help aden and we name aden a di sassfer zone di sassfer--disaster zone. >> they are struggling to cope. the saudi-led coalition has dropped weapons and ammunition. >> we thank t

we are thrilled to bill you -- to bring you alan krueger from princeton. we will do that tomorrow, 7:00 to 9:00. stay with us. "bloomberg surveillance." ♪

. >> i'll tell you about how women are protecting rhinos in the krueger national park. >> al jazeera america international news. shining a light on the untold stories. >> believe in yourself and you'll get there. >> making the connections to the bigger picture. >> shouldn't you have been tougher? >> get the international news you need to know. al jazeera america. >> welcome back. let's take you to the top story now. the u.n. security council has met to discuss the humanitarian situation in yemen. there have been continued airstrikes in the southern city of aden. nine people killed and dozens injured on saturday. kenya's president has pledged a response to the attack on garisa university college. 150 people have been killed. al-shabab has warned of further attacks. >>> shiasheisil has taken over the carr camp. other stories we're following indonesia government will prosecute a thai fishing company for using slave labor. 300 fishermen mostly from myanmar were sold to work on shishing fishing vessels. they said they were tasered and kept in cages. >> a rescue operation this region has n

coming up we'll tell you how women are protecting rhinos in the krueger national park. >> let's start with yemen. a country fast ascending into chaos. houthi rebels are backing government loyalists in the southern city of aden and they're support supported by saudi weapons. the fighters linked with the former ali abdullah saleh has seized former headquarters. >> the streets have become a battleground, and the people of this city interest "r" caught in the cross fire. >> aden has been under fighting for the last 20 hours, also power supplies have been cut off after going through an intense battle on thursday. it is getting more difficult hotels as well and a lot of people are dieing in hospitals as well. >> days of fighting has destroyed much of the city center. people are overwhelmed and desperate for help. >> we urge all countries to help us. we need help in aden, and we declare aid and disaster area. >> people are struggling to cope. the saudi-led coalition has dropped weapons and ammunition. >> we'll be victorious and bravely carry on fighting as heroes. >> along to the coast to th

this park is privately owned and lies on the western edge of krueger marble park.etween 2012 and 2013 it lost 12 rhinos. much of it is caused by foreigners. >> the poachers are almost seen as heroes. they're bringing money into the communities, and the social upliftment program like this hopefully will change that around. >> is far is good. in the two years since the black mambas started patrol, poaching has been cut by 75%. but they also serve as environmental ambassadors, spreading the anti-poaching message. >> they're trying to change the attitudes of the local communities that poach something a bad thing. we don't want that. not happening here. >> before becoming black mambo they have helped ryan rhinos. >> we're not afraid of them. >> there are plans to recruit 12 more women. and soon there will be more black mambs to fear. al jazeera, south africa. >> all right let's find out who is scoring all the goals with robin here. >> thank you very much. arsenal breathed new life into the english premier league campaign with a comprehensive dismantleing. going late in

this will be the first question to professor krueger tomorrow. mcdonald's or does it reflect a tightness in the labor market? tom: easterbrook, a modern progressive burger company. they use that phrase almost as a branding item. modern, progressive burger company. we are not ashamed to be a burger company. brendan: so long as it is both modern and progressive. tom: my agenda is simple, olivia sterns tomorrow will be with me. wonderful guests on the jobs report. krueger, glass, gross will give perspective a decidedly interesting report. the tendency is sluggish, maybe not. jim glassman with -- on the pulse of the american economy. olivia: the iranian negotiation issues are still ongoing, secretary john kerry, there you see him, he is still talking to this iranian counterpart. will they get a deal? lawmakers in the u.s. are skeptical -- these -- the key sticking point is the pace of sanctions for the iranians. brendan: i am looking at indiana and arkansas, mike pence of india and asa hutchinson of arkansas the cultural grounds have shifted beneath

thethe this park is on the western edge of the krueger national park. they've lost 12 rhinos. much of the poaching is done by foreigners but some of it is carried out by locals. the park's wardens decided that part of the solution had to come from within the community. >> they're heroes thought of as heroes. they bring revenue into the community, and hopefully this will change that around. >> so far so good. in the two years since the black mambas started patrolling poaching has been cut by 75%. >> we're dangerous black mambas. >> but they serve as environment ambassadors spreading the anti-poaching message. >> poaching is a bad thing. we don't want that happening here. i think it is working. >> before becoming black mambas these women were unemployed. >> we're not afraid of them. if they want to visit us, we're here for them. >> there are plans to recruit an extra 12 women. soon there willer more black mambas to fear and in time more rhinos roaming the park. >> be careful. >> al jazeera, south africa. >> the lynx has not been seen in the wild for 1400 years. now conservationi

. >> reporter: "tampa bay times" reporter curtis krueger says the competing calls were even more unusualecause they were made in the heat of the moment. >> one person, presumably, is calling and telling the truth. the other person has already figured out the story that they're going to use that's not true. that's pretty rare, and certainly quick and devious thinking by someone. >> reporter: father and son, one falsely accused of an appalling the other the real killer and a devious liar. the case would be a tough one. it went to veteran homicide detective jim beining. >> they both immediately accused each other as being the killer. >> so, you got to evaluate all these stories and figure out what's really going on. >> i do. it's a difficult case. >> reporter: first responders found diane kyne's lifeless body face up in her own bed. kevin's loving mother, bill's loving wife, was just 49 years old. >> it appears that she is -- died from possible strangulation or asphyxiation. and there's some other things in the room. there's broken glasses at the bottom of the bed and a shoe. >> maybe most

i'm ann krueger -- krueger. >> attention has shifted from kaiser to another developer.the woods yet. relieved thatt be they avoided the default for now. concern formoved the market, at least in the near term. that we weren't that the company in a cable to make the coupon payment. >> any clarity on whether they can make the principal payment? >> the company tells me that they do not have any information . the rating agencies have issued a disclaimer saying they have doubts whether the company could be preparing on an ongoing basis. the suggest serious problems within the company. it suggests that the company is struggling to repay its debt. >> at least they bought themselves time to eager it out. of course, the writing is on the wall. how is this case different? >> a good question. it came from this whole campaign. that has resulted in restricting ourselves -- the problem is management andhe week cash generation -- weak cash generation. that is a huge issue. dropat is the next shoe to for investors? shifting.ention is there's still a lot of questions unanswered. why did

inspire bid very recent work by krueger and kliner. occupational licensing has risen dramatically and those are the kind of regulations where you could easily imagine, wait a second. that's exactly the kind of thing that again could sort of stifle the kind of regulation. we even heard a little bit about this in the first panel. not on occupational licensing but the permit process. the question is, has the u.s. become more sclerotic? our worst nightmare, of course. become more sclerotic because of accumulation of problems in the way things are working? i'm not going to argue that i think we know this for sure now but i am going to come back and say, one, we've seen this decline in dynamism and, two when we look at the statistics at the microlevel, we should see an increase in dynamism, not a decrease. that almost can't be good news. >> one follow-up here. do you have -- you suggested in looking cross country. historically speaking for a very long time the view was that, by far, the u.s. was the most innovative, most fluid. so who is sur

those in the latest corporate headlines, i am and krueger in hong kong. >> general motors plans to spend $16 billion by 2020 along with its chinese partner, to boost market share. this comes as sales growth in the industry slow along with the economy. stephen reports from the shanghai auto show ahead of its official start later this week. >> no need to adjust the color on your screen. there is a murkiness in chinese cities that permeates more than just the environment. economic growth is slowing and the auto industry has grown to a point that there is not as much visibility on the road ahead. they are looking to grow 7% this year, is half of what it was in 2014. tension is revving up at them dealerships that can't meet lofty sales targets and are asked to skim their margins. >> the markets reached what they like to describe now as a new normal. the growth rates have slowed down but the growth is still strong. >> we are talking 25 million plus vehicle deliveries this year, still the world's biggest car market. >> this may be 16th auto shanghai, but beijing and shanghai alternate every oth

the video's directors, norman krueger and dominic yunker, brainstorm another misadventure for the daringbe more extreme. had to be bigger. and so i thought about this -- this car crash. >> before they create the big smash, the guys add legitimacy by filming a series of other trampoline stunts. >> jumping over a dog. jumping into a swimming pool. jumping over a cow. >> everything up to the car is real. >> like the long con. if the first three or four videos seem very real and are real, you have to believe that the last one is real, too. >> for the grand finale, the directors lock down the camera and shoot three different actions. >> we set the camera up, then you don't move it the whole day because you make different shots and you combine them in the post production. >> first up is michel jumping on and off the car. instead of a vehicle, he leaps on to garbage cans which are approximately the same height. palette -- palets are added on top for traction. >> next up, the guys shoot the first car screeching to a halt. >> it took five, six times before we have the car in the right position. >

the world being on fire, he went on msnbc a day or two later saying he was being depicted as freddy kruegerappearing defensive. that's what you have to do in those situations. >> and yet rand paul, i understand he took a lot of hits. and you saw i pressed him too. but in his defense it must be very irritating, even for viewers at home to see somebody who they like who they think has a chance get questioned like that when there is not a chance that, you know, some in the mainstream media would have pressed barack obama like that you know, years ago. they see a double standard. >> and i've been flooded with facebook messages from conservatives saying, yeah, go rand, and savannah guthrie was rude. first of all, while she may have talked over him and asked an overly long question, the basic question, why have you changed your position on x is such a fundamental campaign question that we all have it in our keyboards. but secondly, whether he scored points or not and whether he's justified or not, it doesn't matter. savannah guthrie's not running for anything. ted cruz -- excuse me, rand paul run

the second when we just started to look at is inspired by very recent work by krueger and kliner. occupational licensing has risen dramatically and those are the kind of regulations where you could easily imagine, wait a second. that's exactly the kind of thing that again could sort of stifle the kind of regulation. we even heard a little bit about this in the first panel. not on occupational licensing but the permit process. the question is, has the u.s. become more sclerotic? our worst nightmare, of course. become more sclerotic because of accumulation of problems in the way things are working? i'm not going to argue that i think we know this for sure now but i am going to come back and say, one, we've seen this decline in dynamism and, two when we look at the statistics at the microlevel, we should see an increase in dynamism, not a decrease. that almost can't be good news. laura: one follow-up here. do you have -- you suggested in looking cross country. historically speaking for a very long time the view was that, by far, the u.s. was the most innovative, most fluid. so who is

joining us alan krueger, professor of chick, and former council of the white house economic visors andt's start, with the work or lack thereof on the labor market, has your take on it been borne out? i think it has over the past year or so? >> i mostly agree with that. i think we're seeing the dow market get tighter. ethink companies have not necessarily adapted to the any environment. i think we should see it going forward given how much unemployment has decreased. >> and obviously, that has a lot of implications for the federal reserve. it has implications for how quickly sort of this complacency we have in terms of inflation, i mean that could change relatively quickly. i've been arguing that most people think that we'll have never have an issue again with deflation in europe that we're never going to have to worry about it again, couldn't it change fairly quickly in a tight labor market? >> it could change. i don't suspect that it will change quickly. i think the history of inflation is it tends to move up somewhat gradually. and i think a little bit of inflation now would be a goo

jeffrey krueger. good morning, jeffrey. >> good morning. >> tell us about this? a ticking time bomb. >> it is. this reservoir of magma could fill the grand canyon multiple times over. if it blew it could cover three states. it could enter the jet "treme" and ground air traffic in the same way the 2010 ice lan dik volcano did. it could cover the earth with a short of sky-darkening blanket briefly affecting climate. think about the st. helen's explosion in 1980 and multiply it by a thousand. >> it's been down there for 17 million years and we've just figured it out. what does that tell us? >> it tells us how the long-term volcano could be a very very long term because the deeper caldera feeds the top one. if the bottom was out of juice, the top would fill it up. >> i don't want to add more doom to doom. i'm curious. do we now have a complete idea what's exactly under the surface or is there more? >> no. we do have a great idea. there are hundreds and even smaller earthquakes in that region in the course of a year. researchers from the university of utah took a sort

tom: this goes to alan krueger a professor at princeton.t america, are there to america as with a bimodal distillation of wage inflation? or can you bundle it all together? randall: you have to look at the different pieces. fed policy is typically something that is aggregate not specific to particular areas or sectors. that is one of the challenges when you may have different things going on within the economy. the fed policy is a national policy, not local stop brendan: we have -- not local. brendan: we have a bloomberg exclusive. i have a wager with them on whether jonathan ferro caucus will still be the finance minister of greek -- of greece. there is a possible replacement. coming up, we will look at why people on wall street are so miserable. ♪ tom: time to go into the bloomberg terminal and it destroy randy krasner --randy krozner and the bloomberg terminal. krasner joined the fed on this day. but seriously tom porcelli of rbc capital markets, help us out. we just haven't made it back to the better time of the 1990's. tom p: we could

you probably saw the study on krueger were gone where he said the average driver, the comparison is difficult track him as a part-time workers do not assess a penalty on a per hour basis. conducts an hour if you drive 30 hours a week. these are all really good things to have, especially the point that larry was making earlier if we want to bring jobs and demand back, he was a platform bringing jobs and demand back. the negative reaction honestly don't make any sense to me. i get the idea some people want to legislate secure jobs in the middle class back into existence. that's a fundamentally misguided approach. the question you got a are the great big successful companies going to navigate this transition that a lot of us feel is beginning. the pattern of history is not an encouraging one. when we look back at the big technology ones electricity being the most big when we went through. the pattern is clear that the companies at the beginning are not usually the companies on top at the end and there appears to be two main reasons for that. what is financial. you've got a factory set at first t

i don't know that krueger is right here. that the people that left ain't coming back. think possibly they come back. >> done about three points since it began. saying they're not looking for a job. therefore not in the workforce but they want a job is about half a percentage point of that difference. i'm not saying the whole three points or so drop is secular, but the bulk of it is. >> people retire and -- >> you look at other numbers saying that jobs are -- they have trouble finding workers or people saying jobs are plentiful, those numbers are all fairly consistent with the down trend in the unemployment rate. >> one thing we didn't say is i think it's a possible because all the other data is weak that the jobs number could be weak as well. there's been a bunch of stuff out there that's disappointed from retail sales to spending. looks like we had softness in the first quarter. i would not be surprised if that number was -- >> that portends a really strong number. anyway thank you. your work -- i don't -- i use you counterintuitively now. >> my work has been great un