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i'm joined by larry summers, treasury secretary under bill clinton, director of international councilobama and former president of howard university. welcome, larry. so it seemed to me over the last few months that the people who felt a soft landing had gotten very optimistic. someone like paul kruger was saying all of the evidence is pointing in the direction that inflation has cooled. but in any advanced industrial economy, wage inflation is the most important thing. and does this tight of job market, two vacancies for every person looking, does this show that you still have a real inflation problem? >> fareed, you're asking the right question and nobody could know the answer for sure. i've said often that soft landings are as samuel johnson said of second marriage, the triumph of hope over experience. but from time to time, hope does triumph over experience. so it looks more possible that we'll have a soft landing than it did a few months ago. my continued fear, though, is exactly the one that you describe. that we have a set of inflation indicators during 2022 that were very stron

larry sommers worked under the clinton and white house. >> i think the economy is vulnerable to a wylie coyote kinds of moment when these things all come together. and it's like walk on a ledge sometime in the middle or latter part of this year. i'm not predicting with confidence that that will happen. but i think the risks are significantly elevated. >> a wylie coyote moment, that means it goes off a cliff. next week's january inflation report is coming hotter than expected because gas prices are up. >> i think it's to be expected. we have been warning under this one-party rule in the last congress, they spend trillions of dollars. you will see a lot of oversight in stooping that by republicans in the majority. but we have got a great model already, you have seen what the tax cut jobs act did. when you allow people to keep more money in their pockets and allow companies to invest in their businesses and employees. you will see investment in america. texas right now, if you look at the net job growth, 60% of the in the job growth happened in texas. the dallas-fort worth area has increas

larry summers, former president of harvard. he served as treasury secretary under bill clinton and under barack obama. larry, welcome.ally central to understanding where we are in the struggle with russia? >> i think it is, fareed. war starts and wars of maneuver and that's what putin hoped it would be and he would win quickly, but they evolved to be wars of attrition, and when it's wars of attrition the economic strength on the two sides, the capacity to mobilize and to produce weaponry and to bring troops to the front become central and that's the concern right now that this has evolved towards a war of attrition and that's going to make what happens to the russian economy and of even greater importance what happens to the ukrainian economy central to how this plays out. >> when you look at the bottom line figure and even though there have been sanctions and the central bank reserves were frozen and technology denied, the russian economy this year is set to grow by 0.3% according to the imf. that means it will actually do better than the uk or germany as i pointed out at the top of the show. is it fair to say that

dramatically slowing down to the point where you had leading economists like larry summers the former treasury secretary under president clinton saying there was a 60% chance that we were going into a recession. you had the federal reserve and the congressional budget office saying, you know, we're already at full employment unemployment can't go any lower growth. can't be any stronger. uh, we're at the end of a business cycle they were talking about a soft landing. that was the top. that was the economy that trump inherited and what happened he blew away all those expectations unemployment. didn't that go lower dramatically lower than the congressional budget office and then the federal reserve had predicted growth was stronger than the federal reserve had predicted trump exceeded those expectations. and so this wasn't merely a continuation of what was going on under obama. this was an acceleration. i mean one data point i point to is for the lowest earners the in the lowest income brackets. under the first three years of the trump presidency. their incomes grew at double the rate. then they did in the second term of obama. s

us understand the full impact on putin's war chest is the economist, larry summers, he served as treasury secretary under bill clintonl on barack obama. welcome. first explain to us is economics central to understanding where we are in this struggle with russia? >> i think it is, fareed. war start as wars of maneuver and that is what putin hoped it would be. and he would win quickly. but they evolved to be wars of attrition. and when it is wars of attrition, the economic strength on the two sides, the capacity to mobilize, to produce weaponry, to bring troops to the front becomes central. and that is the concern right now, that this is evolved towards a war of attrition and that is going to make what happened to the russian economy and of even greater importance what happens to the ukrainian economy central to how this plays out. >> when you look at the bottom line figure, even though there have been sanctions in russia's economy shrank last year and the central bank reserves were frozen and technology denied, the russian economy this year is set to grow by 0.3% according to the ifm. that means it will do better than

we saw larry king, the brilliant and we saw david letterman, we saw bill clinton.ots thinking that this was a heart disease issue. i said well we're going to start making it relevant to everyone. so that you can see yourself. and you can't change if you can't see yourself in it. and it really impacts on african american women tremendously. and all women. i don't want you to put your own help n health on the back burner anymore. if momma ain't healthy, nobody is healthy. >> they tell you to put your mask on first for a reason on the airplane. and that's what we're saying to you now. my dear friend susan loouucci, yourself as a priority. >> thank yousigns women can be about? star was 47. >> yes, this is a really about understanding your risk factors, your numbers, recognizing symptoms and prioritizing yourself so when you reng niez symptoms you see a doctor. warning signs for women can look like chest pressure, pain, discomfort. can look like jaw pain, arm pain, back pain, shortness of death, decreased exercise tolerance, fatigue, palpitations, lightheaded news or br

reynolds, that the world agriculture expo into larry, california will show you how new technologies are revolutionizing forming to help feed the hungry clinton and in sport, a winning return for this former well, number one, and you will be here with that story. ah, now us president joe biden says it 3 on identified objects shot down by fighter jet earlier. this month. did not appear to have been used for spying and war like connected to the 9 purposes in a speech on thursday. biden outlined a series of measures in government will take in order to confront these objects in the future. first, we will establish a better inventory of one man airborne object in space above the united states airspace and make sure that inventory is accessible and up to date. second, we'll implement further measures to improve our capacity to detect on man object objects in our airspace. 3rd, will update the rules and regulations for launching and maintaining unmanned objects in the skies above the united states of america. and 4th. now my secretary state will lead an effort to help us stablish our global global common global norms in this largely unregulated spac