as a distinguished former member of this body, patrick moynahan said, everybody is titled to his own. but not his own facts. now during the past year i'm alarmed to say senator moynahan's proposition has been tested more severely than any other time in our history. for it is that reason that i rise today to talk about the truth and the truth's relationship to democracy. for without truth and principled fidelity to truth and shared facts, mr. president, our democracy will not last. 2017 was a year which saw the truth objective and em pier cal evidence based truth more battered and abused than any time in our country, at the hands of the biggest figure in the government. the white house enshrine alternative facts in the american levelicon, a justification for what used to be called old fashioned falthood. it was a year in which a daily assault on the constitutionally protected free speech was launched by the same white house an assault as unprecedented as it is unwarranted. the enemy of the people was how the president of the united states called the free pass in 2017. mr. president, it

work focuses on the intellectual, political, and cultural significance of the united states. , the moynahan legacy provides a critique of the controversy of the 1965 report regarding african-american families, including the role of black feminists in shaping the debate. he will develop tensions within the kerner commission and growing divisions among liberals regarding policing, civil liberties, and how to address african-american inequality. elizabeth hinton is the assistant professor of history in african-american studies at harvard university. her research focuses on the persistence of poverty in the united states. on the war onhor poverty to the war on crime: the making of mass incarceration in america which was published in 2016. recommendations when it comes to policing and black urban communities. had worked with the public health service and the national institute of mental health before joining the staff of the kerner commission. produced the team that harvest of american racism, a controversial report on policing the firingh led to of him and his associates and the suppression of

. >> pat moynahan wrote about it and said it's the biggest chang change. >> that is the most ominouse to agree with you. what we have here is a clear understanding of the problem. the issue is at the table, is there any suggestions on how to fix it. he did put his finger on one of the really profound problems of our time. >> there's no arguing about it. >> politically, we tried to solve the problem by allowing people who file jointly in their tax returns to get a bigger reductions in their taxes. i don't think you're going to find a political solution to the spread i think the country needs spiritual renewal. >> the idea of community where people go to a church or synagogue for counsel, that's kind of gone. >> and we talked to people about individual behavior. >> but the government can only play a limited role. >> i agree. >> we are on a downhill slide. technology, the institutions and the devices have allowed more and more isolation and in an age of humanism where instead of god for going to church or synagogue, you say the ultimate goal is to be the best possible me that i could be

that was bank of america ceo brian moynahan speaking in dallas.you need to make -- need to know for next week. this is bloomberg. ♪ scarlet: "what'd you miss?" not only did u.s. stocks close at record highs, the s&p had its best rally since march. a 1.2% gain. announces its rate decision wednesday at 2:00 p.m. earnings -- apple, amazon, alphabets next week, thursday. scarlet: after the close. julie: and the u.s. jobs report comes out friday. will there be wage growth? bloomberg technology is next. joe: this is bloomberg. ♪ alisa: i am a lisa parenti in washington and you are watching "bloomberg technology." president trump is on route to the u.s. he left davos, switzerland after a conversation in the swiss else. he declared the u.s. open for business as he pitched his america first agenda as beneficial to the world. democrats ejected the white house's new immigration framework. chuck schumer called it the wish list hardliners have been demanding for years. it offers 1.8 million immigrants a path to citizenship but demands drastic reductions in mig

laguardia, jfk, rochester, syracuse, stuart, new train stations connecting niagara falls, rochester, moynahan train hall at penn, the exposition center at the state fair, in new convention center, the albany convention center, cashless tolling all across the state, the woodbury transit hub, the university of buffalo medical school, the buffalo children's hospital, a new utica hospital, in new bridge, a national comedy center in jamestown, four new upstate tourism resorts, state of the art from the ground up, tesla, panasonic plans in buffalo, a legoland theme park in the hudson valley, the rochester data consortium, we are revitalizing jones beach, updating belair, expanding the southern tier, expanding gm in western new york, expanding welsh island, attracting companies to utica, a defense company to syracuse, the north titanium plant to plattsburgh, and new health care system in brooklyn called vital brooklyn and we are building the new governor mario m cuomo bridge. [applause] gov. cuomo: so, don't tell me we can't do it, because we can. there's nothing we put our mind to that we haven't a

i covered the senate back in the days of moynahan and danforth and other leaders. al gore, john kerry, others who went on to political careers and diplomatic careers. the fact is we have never seen the senate this dysfunctional in my memory. the last shutdown we covered, it was gingrich -- aside from the obama one, it was gingrich versus bill clinton. this is a shutdown involving the senate with the republican leaders unable to deal with their own republican white house. i asked the vice president about it in our interview and how can you have a shutdown for the first time when you control both houses and the white house and can't agree, and he said it was because of the minority democrats because they need 60 votes for anything they come back with that's going to be attached to a money bill. >> what about the chance that durbin offered? did you hear durbin really seemed almost romantic about where he sees the senate coming back to, the experience this weekend and coming across the aisle has recharged his hope that we'll go back to an actually functioning u.s. sena

work focuses on the intellectual, political, and cultural significance of the united states. , the moynahan legacy provides a critique of the controversy of the 1965 report regarding african-american families, including the role of black feminists in shaping the debate. he will develop tensions within the kerner commission and growing divisions among liberals regarding policing, civil liberties, and how to address african-american inequality. elizabeth hinton is the assistant professor of history in african-american studies at harvard university. her research focuses on the persistence of poverty in the united states. on the war onhor poverty to the war on crime: the making of mass incarceration in america which was published in 2016. recommendations when it comes to policing and black urban communities. had worked with the public health service and the national institute of mental health before joining the staff of the kerner commission. produced the team that harvest of american racism, a controversial report on policing the firingh led to of him and his associates and the suppression of

but what daniel patrick moynahan has certainly been validated by history. in 1965, more than 75% of african-american children were born to married mothers. that was good. and now, 50 years later, think about it, in 2015, more than 70% of african-american babies were born out of wedlock. after a half a century and $22 trillion, that massive percentage is flip on its head. this is one of the most tragic statistics in america. it represents so much unrealized human potential, so many families deprived of the educational, moral, and psychological benefits of having a mother and a father. and it leads to a lot of poverty. you know, the brookings institute, many of you may be familiar with, did a study on poverty, a national study, and they concluded that there were three things that a person could do that would reduce their risk of living in poverty to 2% orless. three things. number one, graduate from high school. number two, get marriedment. number three, wait until you're married to have children. those three things, less than a 2% chance of living in poverty

tom: how do you move the needle when you are big as fortress moynahan or dimon?e to grow on your own, and that means good ideas. when we think of jpm, think of the sapphire card. excellent new product rolling successful, but how long is sort of an apple problem. how many world changing new products can you rollout? tom: you almost run these beasts. they have probably got 800,000 employees. these are almost the nation -- venetian ships of state from the 17th century, aren't they? brad: and their business model is very interesting. how many industrial companies have front to back integration? how many industrial companies do everything inside? the banks have a business model that is a throwback almost to the 1950's manufacturing. tom: when jamie dimon is a conference call, how many direct reports does a guy like that have? not 10 or 20, like 50? brad: in the dozens certainly. the management committee is north of 12, so it is a big, sprawling enterprise. tom: is it a different enterprise than when christine harper was on the watch? brad: certainly bigger, yes. i thi