the media and they own most of the government would argue there is no normal rate of return or a milton friedman type argument would be that our only responsibility is to create a maximum rate of return and it could be an infinite rate of return and there is no excessive rate of return that could be considered deleterious to society at large my view is that instead of trying to establish what a normal rate of return is there should be more of a competitive environment yet by introducing competition in two ways let the interest rates in the economy be set by the market and not a poll of bureau not the stasi that is the central bank and introduce universal basic income and or fund the arts and entertainment in a huge way to create an offsetting incentive and competition to reign in this predatory monopolist they do point out in this article and too long to go into it but they do say the abnormal rates of return happen only when there's no competition that happens in an absence of competition because if you could dig a rock out there and sell it and you your profit margin is one hundred pe

to all i havement learned, like from milton friedman and all i have tried to teach to lawmakers and citizens. again, my deepest thanks. guests of turn to the honor, the pepperdine school gue 018.f honor for 2 congratulations. the skills and the knowledge you have acquired is among the most powerful to bring practical wisdom to bear on public affairs. moreorld needs high-quality research and we will look to graduates like you to provide that. public policy is a way of translating shared rents of bulls and moral commitments action and it alleviates hardship and corrects injustices, protecting rights, and punishing wrongs. ablic policy also has technical side and we must respond to the evidence of the impact to public policy. if the facts show that it is not of achieving the objectives, no matter how noble, we must consider a new course. consider examples from my area of expertise, health polic those on the left and right we, as aely agree that society, should work to expand quality access to health care. we should make sure the health provide improves patient health and we need to do so in a w

the owner, milton davis, is resigned to future problems. >> noif choice. i'll be here. >> reporter: today we gained a better sense of it from the union of concerned scientists. they project flooding like this by 240 20 045 from an already bn sea level rise of two feet. by the end of the century, it could be six feet or more. >> in a worst-case scenario, by the end of the century, we could see huge swaths of roads, homes, neighborhoods, school, public infrastructure, hospitals, office buildings seeing chronic flooding. >> reporter: conservative estimates have 13,000 bay area properties subjected to flooding every other day by 2045 with marin county first on the list of impact zones beginning in san rafael's low-lying canal district. if you can build marin county up, how many feet would you build it up? >> depends on the scenario you look at, but safely, 10 feet. >> is this t >> reporter: this study did not surprise chris chu. file footage of the 1982 san rafael flood mimics future conditions but all of the waterfront bears risk. losses to property and prope

. >> the honorable member from milton. >> mr. speaker, there are reports that the prime minister -- sorry. the reports of president trump withdrew the five year sunset clause negotiating tool within fta negotiations. can the prime minister indicate whether this is true? >> hauntable prime minister. >> let me begin by thanking the members of the opposition for demonstrating that when the moment is right, we all stand together firmly across party lines, across the country. [ applause ] on this particular issue, we are continuing to discuss modernizing and improving nafta. we've continued to make it clear that a final sunset clause is unacceptable. that we cannot sign a trade deal that automatically expires every five years. we continue to look for ways to move forward, to modernize and improve nafta for people on both sides of the border. >> mr. speaker, we understand canada's position that it's very difficult to sign a trade deal that sunsets after five years, but the crux of the question is this, did the president of the united s

the media and they own most of the government what are you there is no normal rate of return or a milton friedman type argument would be that our only responsibility is to create a maximum rate of return and it could be an infinite rate of return and there is no excessive rate of return that could be considered deleterious to society at large my view is that of trying to establish what a normal rate of return is there should be more of a competitive environment yet by introducing competition in two ways let the interest rates in the economy be set by the market and a poll of bureau. that is the central bank and introduce universal basic unco and or fun the arts and entertainment way to create offsetting incentive and competition to reign in this predatory monopolist they do point out in this article is too long to go into it but they do say the abnormal rates of return happen only when there's no count petition that happens in an absence of competition because if you could dig a rock out there and sell it and you your profit margin is one hundred percent usually competitors come in and s

it is a compliment to all i have learned over the years from andors like milton friedman to all i have tried to teach. to the enlightened public

it is a compliment to all i have learned over the years from andors like milton friedman to all i have tried to teach. to the enlightened public policy , to lawmakers and citizens alike. , my deepest thanks. now, let us turn to today's to guests of honor. congratulations. the skills and knowledge that you have worked to acquire are among the most powerful tools available for bringing practical wisdom to bear on public affairs. the world needs more high quality, evidence-based policy research. we will be looking to graduates like you to provide it. public policy is a way of translating our shared principles and moral commitments into action. it is a way to alleviate hardship and correct injustices. for protecting our rights and punishing wrongs. for ensuring that people have access to basic goods, like food, shelter, and medical care. public policy also has a technical side. we must respond to the evidence through policy. policyfacts show that a is not achieving its objectives, no matter how noble they may be, we must consider a new course. consider a few examples from my own area of ex

people concerned it was our open to the money and we surprised those with the terms of the flash milton berle in one player starring the bill horne and a surprise guest conductor all. right i think i. thank i. think i will talk i think i'm. a horrible. horrible. broke up thanks. ever hear in the spanish town three hundred twenty five milligrams changes hands. it's quick and easy move. the goods trucks from morocco. when it's a muslim. and this is the police and. the. next d.w.i. . european stars deliver rousing performances . playing. the blues rock classic suited. keyboard sellers float and catch melody. the legendary mantra man and his own. good cause conflict minutes d.w. . you can tell about a society by its garbage. the first streets worthless for the rich but for many poor people it offers their home a chance of survival. tonight cleveland for today just like the. reporters travel to nairobi and work to meet people who know the truth value of garbage. it has created a striking parallel economy playbook to some of this makes for economic inequality around the world you guys are sta

the way we try the playstation shin milton line like [inaudible] male. this is not a an attorney to resist. that at but i think is also with. policy is actuallyly joins s noww [inaudible] michael. it used to see. all the other countries exiled [inaudible] well. to win win. in june in a political. in the moment. and easy. access those. in this. case i didn't happen. you need to show. dr. think users in any twenty one is also overall we have. yeah yes yeses. whwhich related ththis is [inaududible] attention. lessons on and instantly. but but the general run from from. now [inaudible] nonstop. has time. and huge usually. did you minute and a half. sometimes it to try to join knowing only. this is huge into the railining on what i did not know that he teaches that stretch up at you never. know which is. some sometimes so sometimes. in this particular case [inaudible] did you. because accent central [inaudible] students [inaudible] thee so. they will do. they want to are you not able to get get get. i don't mean to be a non on the two women will. not instance

having grown up on a farm in lone tree, oklahoma, i would never have predicted that i would be here in milton, connecticut speaking about a new day for social justice. that is where we are and this is where i am. today, you are going to leave here with a diploma in your hand. it is going to look like many of the other diplomas that you see. this one has your name on it. it is not just a piece of paper. it can hang up on the wall. that you can hang up on the wall. that diploma symbolizes the tools and resources you have to achieve your goals and your aspirations. when you leave here and you take that paper with you, please think of it always. something of that parachute. it is not a physical parachute, but it is symbolic. it will, if you remember your time here, get you through more rough times. and more hard challenges. now, a final word about social justice. most of you are not going to use that degree to go into careers in social justice. sadly, because of student loans, many people will not be able to afford to go into a social justice career. however, i will tell you that even though soci

the media and they own most of the government what are you there is no normal rate of return or a milton friedman type argument would be they are.

milton davis says he's certain the county will find a solution. when we asked if his head is in the sand like many of us? >> more in the water than the sand, but it's not stuck. >> reporter: not stuck but a lot toet a person's head around for certain. we have some maps on abc7news.com. if you access that site, affected you would be surp is one you might not suspect, foster city. they have a four-foot seawall but they're building it up to make it even higher. live if san rafael, wayne freedman, abc7 news. >> wayne, thank you. we may need a lot of seawalls in the years ahead. this week marks 30 years since a nasa scientist spoke before congress saying global warming had arrived. dr. james hanson testified he was 99% certain the warming trend was not natural but instead caused by a buildup of carbon dioxide and other artificial gases in the atmosphere. his testimony was published on the front page of "the new york times" the next day with the headline, global warming has begun. >>> in accuweather, we have nothing but sunshine for much of the region t

there speaks somebody who doesn't understand north of milton keynes, there is a real problem with immigrationere is the city the size of newcastle coming into this country every year, and you can't just coming into this country every year, and you can'tjust go on saying, that's fine. because there is an enormous economic problem, in trying to build a infrastructure of hospitals and schools and railways and roads to cope with it. it is right we need a different policy. and roads to cope with it. it is right we need a different policym is all right saying, but the problem is all right saying, but the problem is and this is poor reporting by the ft. is and this is poor reporting by the ft, it is unusual for them, is and this is poor reporting by the ft, it is unusualforthem, is is and this is poor reporting by the ft, it is unusual for them, is that these 2300 doctors are not coming from the eu, this is not an eu issue, this isn't a brexit issue and i know the ft have done it in this way because they want to feed into an anti—brexit narrative. they do it every day. the point... how can they win?

walter, sandra atlas bass, the arlene and milton d. berkman philanthropic fund,

the waverley fire started around 4 pm and is burning near small towns milton and salt springs valley. it is about 3500 acres burned and no word yet on the cause. >>> fire crews are keeping an eye on the weather, the poni fire east of clearlake is now 65% contained. calfire says the fire is not growing with the red flag weather has the potential to increase fire activity. a bag of fireworks show above the russian river scheduled for tomorrow night has been canceled because of that red flag danger. organizers say other free events will go on as scheduled. i hope to reschedule the show in the future. >>> stay with us for continuing coverage on air and online we will keep you posted on the fire conditions throughout the weekend.>>> lot enforcement sees thousands of pounds of illegal fireworks ahead of fourth of july. they deceived led to the seizure of 14,000 pounds of illegal fireworks last night. stclark of stockton was taken into custody. investigators say they noticed him through an ad on craigslist for illegal fireworks. clark was arrested after an investigation and he is facing a nu

adopting a milton freeman -- milton friedman approach. reducing approach was money growth to reduce inflation. they abandoned the idea that they were going t pay attention to market interest rat during that regime. if you look at the data, what happened was that over the course of booker's tenure, -- of tenure, nominal interest rates came down, which is consistent with the story. story has the causation going the other way. think higher inflation -- sorry, did you have a question? julie:e have to leave it there. stephen williamson is a professor of economics at the university of western ontario. we appreciate it. secretary of state mike pompeo is set to join a press briefing with an update on the summit with north korea following the president's comments earlier today. thismberg. ♪ scarlet: "what'd you miss?" at the podium.is mike pompeo is set to make an appearance at the daily press briefing. we want to check in with a washington correspondent on what to expect. given what the president has said in his conference with shinzo abe of japa

by the prime minister and his wife given by billionaire friends israeli born hollywood mogul ana milton and a stray in tycoon james packer in the second case netanyahu is accused of trying to get favorable coverage in the country's second biggest newspaper by offering to hamper the activities of its main competitor another case still under investigation concerns are negations the owner of israel's biggest telecoms company awarded netanyahu favorable coverage in his news agency in return for the prime minister's supporting beneficial regulations so far benjamin netanyahu has managed to ride out the political fallout from the police recommendation that he be indicted but now that his wife has been charged the scrutiny the precious stemming from these longstanding corruption allegations is short amount again are a force at al-jazeera westerners. security sources in libya say a powerful warlord has captured two major oil terminals how the four have forces have been battling for control of. rival find who is led by even him just around had stormed the oil ports last week well there has been

by the prime minister and his wife given by billionaire friends israeli born hollywood mogul ana milton and a stray in tycoon james packer in the second case netanyahu is accused of trying to get favorable coverage in the country's second biggest newspaper by offering to hamper the activities of its main competitor another case still under investigation concerns are negations the owner of israel's biggest telecoms company awarded netanyahu favorable coverage in his news agency in return for the prime minister's supporting beneficial regulations so far benjamin netanyahu has managed to ride out the political fallout from the police recommendation that he be indicted but now that his wife has been charged the scrutiny the precious stemming from these longstanding corruption allegations is short amount again ari force at al-jazeera west jerusalem security sources in libya say a powerful warlord has captured two major oil terminals highly for have to us forces have been battling for control of al sadr and ras lanuf bible feiss led by abraham just had stormed the oil ports there last week. h

is the best is a very nice place and i was billeted with the proprietors of the local light shop milton judy reuben felt and i stayed slept for a month in their son's bedroom paul reuben felt who grew up he was a couple of years younger and he became an actor paul reubens did cheech and chong movies and then created his own a mortal character pee wee herman. i'm almost tempted to tighten the book how the cia made me sleep with people you herman because there are. actions to. other republican movements in northern ireland during this period but that's completely irrelevant when it comes to your defense of wrongly convicted republicans what interested you so much and i don't know when you were considered it wasn't a good career move a lawyer for terrorists judges would one top judge here on his way to the house of lords took a liking to me and he called me into his room and said you must be careful of the cases you take you'll end up doing bomb cases and this was the attitude of britain's senior judges that that only. larry can lawyers took bomb cases and yet these were the cases that des

it's milton's carrying a stench which attracts pollinating insects. hagar logan and is iceland's first professional surfer now he's mastered his country's fares waves under extreme conditions and by that i mean in extremely cold water sometimes the surfer can't even feel his feet when he hits the waves but his passion for the sport keeps him going. ah ha. our only two. nights linda is about as well known for surfing as thailand is for skiing and yet the land of fire and ice is a hot tub among surface for those who've served all the world's best spots this one off is something new it's the home to us iceland's best and only professional surfer pace our loyalty ennius on it's very hard to get started in surfing you actually because there's no surf shops and the forecast this really hard to breathe and the waves that come into our eyes and are usually really big and heavy because there's a lot of open ocean the circumstances might not be ideal for beginners but if you really want to start surfing then then you'll just find your type. they found looking h

filed footage of the 1982 san rafael flood mimics back in the sign shop, milton davis told us he is certain solution. >> my head is more in the water than in the sand. but it is not stuck. >> reporter: if you are wondering around the area that is most prepared would be foster city which has a four-foot high wall sea wall and they are building it higher. >>> two state senate bills that are designed to restore net neutrality in california will be linked together as they make their way through the legislators. senators each introduced separate bills in january to establish state net neutrality. the end of net neutrality lifts restrictions on internet service providers to provide equal access to all site. the bills have been opposed by at and t and other internet providers. >>> the space force. >> it is not enough to merely have american presence in space. we must have american dominance in space. >> the president says the space force will be separate but equal to the air force. >>> on act of congress is required to establish new branch of military. >>> new warning about bitcoin. how they say i

ahead, speaking with milton bird. this is bloomberg. >> live from london.nie: this is bloomberg markets. mark: let's get to our daily futures in focus segment. the largest weekly gain since april. sale, crude rising, the best run since 2010. is there a feeling or not? can crude keep going up? >> the price objective, we should see around july 4. historically we see a home in gasoline. we should see an increase in demand for crude oil. production has been soaring but washington is restricting imports from iran. that took 2 million barrels off-line. look at the u.s. imports, coming down quite a bit. exports have been increasing. demand has been high. crude, not a problem at all. supplyhat about disruptions? capacity tough withstand that? at cushing we have seen continuous declines. low onre at a five-month those inventories. there is going to be price pressure on oil. i still think oil is a good trade. it is achievable. once we get there, the guy with benefiting is that u.s. oil producer. mark:'s oil goes to the levels you are suggesting president trump will b

requested by the prime minister and his wife given by billionaire friends israeli born hollywood mogul on milton and australian tycoon james packer in the second case netanyahu is accused of trying to get favorable coverage in the country's second biggest newspaper by offering to hamper the activities of its main competitor another case still under investigation concerns are negations the owner of israel's biggest telecoms company awarded netanyahu favorable coverage in his news agency in return for the prime minister's supporting beneficial regulations so far benjamin netanyahu has managed to ride out the political fallout from the police recommendation that he be indicted but now that his wife has been charged the scrutiny the precious stemming from these longstanding corruption allegations is short amount again are a force at al-jazeera westerners. still ahead on the program a campaign of brutality claims that more than one hundred political killings have happened in the buildup to july's elections in mexico separated by more than sixty years aboard aside koreans hoping to bring unite with th

it was actually very progressive; it was calledac milton, masetts.went to white schools, had white friends, and she was from an educated family. so although she ew about discrimination, but she was largely secluded from that. denow on the other hand, fck was from nazi germany, and he was from a very wealthy family, a prominent family, and they were german nationalists. now althoughhey didn't join the nazi party, they were believers in hitler, and the german empire. but frederick was an artist. and was incredibly into jazz. and so that had been outlawed in germany by hitler, but he snuck around and would listen to it. so he had this impression of e rican americans: they were artistic, they wrm. all the things that he never felt growing up in his family, because he had a very dysfunctional relationship with his father, in particular, becaushe wasn't a military guy. he wasn't into the war. he really was this artistic, ee spirit. so he saw elinor, and attached all these feelings and ideas, and fell madly in love with her. so they started to see each othe

brother three is volcanologist and professor with the open university he joins us now via skype from milton keynes in the u.k. could have you with us david let's just clear something up right from the beginning here these reports of these people being killed by a lava flow they're not entirely accurate. no it was i saw it described was a river route that's not the case there's a pirate trusting slows a lover is molten rock relatively slow moving lots about erupting in hawaii at the moment what's how what happened at the way you go is an explosive eruption and it was a fast cascade of fragmented hot rock and gas sweeping down the mountainside the troubles at one hundred kilometers an hour it's very difficult to escape from it it's coming towards you and that seems to be what killed the people it's a bit like pump a is that right exactly like pump i will pump eight was was destroyed by a much bigger eruption the eruption of the suv yes nearly two thousand years ago now but part last it flows part last searches yeah not starts what's been killing people in guatemala and what killed people pomp

hear the phrase the golden age of television i don't think of grainy black and white kinescopes of milton berle and jackie gleason the golden age of t.v. is right now you mention reese witherspoon there has never been more competition for writers and other talent than there is right now helen cook host of the big picture here on our t. america thank you so much my friend as always fun to have you here you bet commish . and if you're concerned about the future of social security and medicare you may have been unsettled by the trumpet ministrations most recent official status report and media coverage that repeated their pessimistic projections one trump administration report said the medicare trust fund will be depleted twenty twenty six while the social security trust fund could be depleted in twenty thirty four but dire predictions about the future of these and vital programs are virtual cut is a cottage industry in washington and experts who defined the program say the problems are overstated while simple and effective solutions are on the table and here talk down some of these numbers

diy chain homebase has said it is cutting 303 jobs at its support centre in milton keynes.loughlin, ceo of homebase, said: decisive action is required to start rebuilding homebase s position in the uk market." dr dre and music moguljimmy iovine have been ordered to pay £19 million to a former partner in their headphone company, beats. steven lamar claimed credit for the idea of creating a brand of celebrity—endorsed headphones. he took the idea to dre and iovine in 2006 and the first beats headphones were released two years later. the parties later fell out, and lamar sued over unpaid royalties in 2016. a quick look at the markets. the ftse, a small drop. this worries about what's going to happen the eu meeting tomorrow. bp, not a huge amount of change. the pound looking week against the dollar. down from those highs we saw last week. more later. james, thank you. the pangolin is a little—known scaly mammalfound in africa and asia — but it's the world's most trafficked animal. now scientists say a new technique could help catch the poachers hunting the creature, as angus cr

very interesting program at the milton hershey school in pennsylvania.ke with some folks there, this is a school that specifically caters to the lower income backgrounds. some of the students live there and they have several different avenues in trades and tech. they have a journalism have, -- cap, and construction is one of these paths they can send kids down. home inds will build a a community during their junior and senior year, work with senior construction officials and staff. they completed their 52nd home in the community. their funding mechanism is a little different, but the milton hershey school is named for the chocolatier milton hershey and they get some of their funding for the hershey -- from the hershey estate. but this is an example of a high school going out there and creating an innovative program and getting students hands-on and interested in this. there are certainly many other examples of this across the country. i hope that provides a little , therehope and optimism does seem to be an interest in getting kids into this. host: you t

hear the phrase the golden age of television i don't think of grainy black and white kinescopes of milton berle and jackie gleason the golden age of t.v. is right now you mention reese witherspoon there has never been more competition for writers and other talent than there is right now helen cook host of the big picture here r t america thank you so much my friend as always fun to have you here you bet commish. and if you're concerned about the future of social security and medicare you may have been unsettled by the trumpet ministrations most recent official status report and media coverage that repeated their pessimistic projections one trump administration report said the medicare trust fund will be depleted twenty twenty six while the social security trust fund could be depleted in twenty thirty four but dire predictions about the future of these and vital programs are virtual cut is a cottage industry in washington and experts who defined the program say the problems are overstated while simple and effective solutions are on the table and here talk down some of these numbers are is

and so now people -- it's a polarized society right now. >> to remind everybody what milton friedmana border directive and the ceos is to deliver profits. >> which he says is achieved by having everyone come to the company with a shared thought of what it means. >> you have a subset of the investment industry that clearly has seized upon this and it's a little bit of -- if all companies are going to behave this way, they own all companies. how do we think about how it plays into our investment decisions? >> so we had a conference where financial advisers were speaking this woman said the dividing line was that at about 41 years old, everyone younger said of course i would invest with my values everyone older said your job is to maximize my returns, period so blackrock has seen this they know that the money is moving in the direction long-term, of course, of millennials and others who want their investments aligned with their values i think from a long-term marketing play it's smart. >> on the set last hour, i asked tom farley here about the ceo of shoame are there any rules that woul

. >> the answer to the drugs and milton freedman said this many times, it's a demand problem, not a supplyroblem. as long as you have people so eager to get the drugs, the businesses that will sell them find them. we've been at this war on drugs for 70 years. there's a pretty consistent demand for drugs in this country. >> dana: i think you have to admit that we play a role in this. everybody should follow mary. check her out at the "wall street journal." read her every monday. officials are calling for calm after hundreds take to the streets protesting the fatal police shooting of a black teen in east pittsburgh, pennsylvania. 17-year-old antoine rose was shot three times as he ran from a car during a traffic stop. >> i told my kids to go in the house. they had him pulled over. next thing know, he was shooting the boy. >> investigators say rose didn't have a weapon and nobody fired at the officer who opened fire. police say two handguns were found on the floor of the car. it was the officer's first day on the job. is ted cruz's senate challenger making gains because of the poll debate? wh

edelman gave her report, and that's lgbt summit, summit held on, tomorrow, from 8:30 to 2:00 at the milton mark conference center, and it's open to everyone. mrs. lawrence, diane lawrence a attended the senior rally on may 8, and hopefully she will give that. i was not there at the meeting, i was out, excuse me for kind of stumbling over some of this stuff. >> thank you leon for stepping in. >> president serina: comments or questions, hearing none, move on. joint legislative committee report, diane lawrence. >> good morning, commissioners and director. now that i've been called on to discuss senior rally day, it was -- there were about 600 seniors from statewide, san bernardino county was the largest represented. they had gotten on the busses late the night before and traveled to sacramento. there were speakers from the legislature, from both houses, supervisor wiener, excuse me, state senator wiener spoke as did, i believe, assemblyman phil tang. those who spoke, spoke about their commitment to senior legislation and to seniors in california, and because they have realized that so many bi

the waverly fire started around 4 pm and is burning near the small towns of milton and salt springs valley. it is about 3500 acres have burned. ground crews and an air tanker are working to contain the flames right now.>>> fire crews were also busy attacking a fire, starting around 4:30 pm this afternoon at oak glen avenue and willow springs s road. the fire was threatening homes for a time but was quickly contained. we go now to bill martin at the hot and dry weather. >> dangerous conditions when you consider the fire season. it's the start of fire season for us we've got a red flag warning going into effect in the next hour. that will be mainly for the hills of the north bay above thousand feet wind will get puffing pretty hard. these are the highs from today which ended up being 5 to 8 degrees higher than yesterday. we will notice some wind in the hills late tonight, early tomorrow morning. 25-35 miles per hour. it's 10% humidity, 15% humidity and some of the morning, so it's not a super high grade red flag warning but is a red flag nonetheless. the wind is light right now, it's showing

the member from milton has the floor. >> a projected trade war will have a significant impact on canadian families. a company has indicated it is rms of appliances, butcost not also to their own bottom line. putting him a jobs in my community. recognizing -- affordability is so important and making sure payroll taxes are reduced. [applause] ? i want to cn th previous question. itsu.s. has not removed demands for some sort of sunset clause. on the issue of tariffs, our issue we have said is they move forward with punitive tariffs on trade, not only are they putting a threat on canadian workers and industry, they're going to hurt american workers as well. american consumers as well. this is not in the interest of countries that have the closest and best trading relationship in the history of the world. we're going to continue to stand for that. >> mr. speaker, the economy was doing well. the president of the role bank a capital to wonder countries -- other countries. we have seen foreign investments drop since this prime minister was elected. i have not even talked about the impact. how can

edelman gave her report, and that's lgbt summit, summit held on, tomorrow, from 8:30 to at the milton mark conference er, a it's open to everyone. mrs. lawrenc diane lawrence a attended the senior rally on may 8, and hopefully she will give that. i was not there at the meeting, i was out, excuse me for kind of stumbling over sof stuff. >> you leon for steg in. >> president serina: comments or questiear hg none mo on. joegislative committee report, diane lawrce. >> good morning, comminers and director. ow that i' beenalledn o to s sdiscusior rally day, it - tre were about 600 seniors fromstatewide, s bernardino county was t largest reesented. they had gotten on bses late the night before and traveled to sacramento. there were speakers from the legislature, from both ,hoes pervisor wiener, exc , state senie did believe, assemblymanphl tang. those who spoke, spoke about their commitment to atio a seniors in california, and because they bzed that so many that impact seniors and thei programs and funding gothrough so many varied coees,hey put togeth work group, if you will, from both house

. >> what he talked about with capitalism >> youo back to 1970, milton friedman famously said the socialesponsibility of a company is to improve its profits. when milton friedman said that, tax rates came from 91% to 70%, and social inequality or income inequality was one fifth what it is today in 1985, 90% of the wealth in the country was owned by the -- excuse me -- 35% of the wealth in the country was own by the bottom 90% today, 23% of the wealth in the country is owned by the bottom 90%, and difference has gone to the top one tenth of 1%, so capitalism may need to modernizing. >> interesting thing about this. this comes as jones and goldman are launching an etf ticker, which is focusing on social impact he said they looked at the factors on worketreatment, environment, products, a bunch of things, and found the companies who scored well on those did well overall to which i say that proves the point that actually the structures of capitalism work in conjunction with those goals, so oftentimes, there's a company, if it has a good corporate culture, no accident it's typically a good pe

given the fact that the federal reserve knows the economy is getting hotter milton freeman says monetarys lags, so what you do today may not influence the economy for another 18 months into the future. they can't wait until they see the whites of the eyes of inflation. by having a news conference every month it gives them that optionality. >> i want to wrap it up with this, how much longer can this incredible economic expansion last most of our listeners and viewers, that's what they want to know. how much longer can this incredible economy continue? >> recently i worked on a model that tries to forecast when the recession is going to end. we know that everybody talks about the inversion of the yield curve, we're at 40 basis points now. when it inverts you get a revegs recession guess what when you have the force of both of those indicators, the inversion of the yield curve and the leading economic indicators, you go back into the '70s. it has 100% track record of forecasting a recession, right now it's given us the all-clear signal >> all-clear >> all-clear this indicator gives us an av

i hope people go home and watch milton free water, because he's so smart. we had such an amazing jobs report today. the economy is booming under trump policy -- >> but, guy, the market didn't even blink. >> the market is different than the broader economy. and when you cost american jobs through retaliation, because we're going to see retaliation, our allies have promised it, even if you want to grant that, let's say, china is a currency manipulator and a bad trade partner, we're in process of negotiating with the chinese, why would you target our allies in the eu and canada and mexico? >> president trump would say because these countries charge five times to us what we charge to bring their goods into our country. i think when you look at this, zach, and let me get your thoughts on this, what he's trying to do is push the ball a little bit, you know, just a little bit down the lane, if he gets a little bit back, that's a starting point. >> we started the segment talking about this may start a war. the war donald trump may need to worry about is within his

peter burn, ericka jackson and milton martin. so, thank you, all, for your work and we'll hear from kevin in a minute. but a huge part of this effort has really been a function of the city attorney's office. and so i really want to shout out the city attorney, who you will remember, we had to settle the lawsuit that airbnb and homeaway brought on the law that was mentioned that supervisor campos and the board unanimously passed. and the city attorney has not shied away from going after particularly egregious cases that kevin and omar refer to them and we've been reading about some of them including the two vernell heights property where there was a raging party and gunshots and landlords that had $700,000 in profits from 11 months of illegal short-term rentals. the city attorney's office meted out swift justice and went after $5.5 million in fines. so i want to recognize the work of michael weiss, lead attorney on the darren and valerie lee case. and melissa lou, also worked on the lee matter. city attorney investigators blanch b