an increased is not chase the nativeborn away. natives are actually drawn to counties with immigration. as evidencethis that immigration increases the amount of economic opportunity in the county. this is the idea that there is finite -- there is not a finite economy in place. the service sector needs people to serve. if you bring a thousand immigrants into a county, you would get 423 extra natives. some of those natives are the children of foreign-born. we do an adjustment based on the childbearing rate of immigrants. the net impact is about 270. thousand immigrants from a county forecast 270 additional natives moved to the county. thisufacturing analysis -- is showing you that the strategy of predicting where immigrants will go as a basis of where they were in 1970, here is what we get. when you get a thousand foreign-born individuals moving into a county, the number of manufacturing jobs increases by about 42. immigration, in the context of an economy where manufacturing jobs generally are declining -- this is saying that the l

the bottom has fallen out for the nativeborn american men without high school degrees. there's the same labor force profile as college graduates in the united states. some of them are between the neighboring states because maine has one of the poorest profiles and new hampshire has one of the best profiles. to the question of disability benefits. there's quite a bit of disagreement about the role of disability programs. the disability programs have a role in financing this phenomenon. we've been knocked labor force men to receiving one or more disability benefit about a million of the 7 million people receiving two or more disability benefit and two thirds were in households that have at least one disability benefit. this has been all too largely overlooked as a problem with respect to the man without work phenomenon. since the 1980s we've seen an explosion in the number of americans who had have had a fy and a background. this is part of the problem that we don't collect figures very well in this aspect. irregardless of ethnicity and irregardless of education, guys who

we know over -- overrepresented men nativeborn american men and men who have never been married or don't had kids at home. those are the overall patterns. but there are some striking irregularities in the patterns for example if you are a black eye and your married you're more likely to be in the labor force than a white guy who isn't married. with that respect marriage trumps ethnicity. if you are foreign-born and you have no high school diploma your profile looks like a college grab. so nativity or immigration trumps education in that particular case. there are enough of these irregularities to suggest that the motivational aspect may have been neglected in much of the work that has been done so far. >> i think the demand supply which is in some cases it did artificial. if i tell you if i raised wages at the bottom and if i doubled the earned income tax credit and i pulled some of these men off the sidelines but i also made them more attractive hard to know what the supply is and what the demand is. if you are thinking about how to attack that. what would you put on your list? >> in th

immigrant and nativeborn. christian, muslim, jew, and nonbeliever alike.ged in the common service. that is the example of our veterans. patriots, who when they take off their fatigues, put back on the camouflage of everyday life in america and become our business partners and bosses, teachers, coaches, first responders, city councilmembers, community leaders, role models, all still serving this country we love with the same sense of duty and with valor. a few years ago, a middle school from missouri entered an essay contest about why veterans are special. this is what he wrote. when i think of a veteran, i think of men or women who will be the first to help an elderly lady across the street. i also think of someone who will defend everyone, regardless of their race, age, gender, hair color, or other discriminations. after eight years in office, i particularly appreciate that he included haircolor. [laughter] pres. obama: but that middle schooler is right. our veterans are still the first to help, still the first to serve. they are women like the retired ,

soldiers, sailors, who represent every corner of our country, every shade of humanity , immigrant and nativebornstian, muslim, jew and .onbeliever alike, all forged tok: he asked citizens reconnect with the principles that are more enduring than politics. russia could create its own internet independent from the world wide web according to the country's communication industry. they may make the move to tight control over crossed at a border exchanges. , ip will regulate domains addresses and points of traffic exchange. .obert vaughn is dead he was known for his role in the television series the man from u.n.c.l.e. from new york, i'm mark crumpton. facebook ceo mark zuckerberg is speaking out against the idea fake news influenced the u.s. presidential election. just south of san francisco he facebookck that let false news run rampant and amplified the voices people wanted to hear incident providing a full picture of what was going on. he told our contributing editor echo chambers aren't a problem on the site. >> when it comes to news i think we are very transparent. every time we add a new signal

to do that is to say ththat three-person households w becomes three different people and of the nativeborn children therein lies the trick to basically say you were taking part of that family did and allocating the welfare used. the national academy to a report a couple weeks ago. you want to consider at the family level to look at the unit that involves them. it's claiming all kinds of things about welfare but also a personal level. they could be honest about what they are doing. >> if you have any axes to grind in the u.s. certainly very careful about trying not to draw certain conclusions from your economic research. we make plenty of use of the research. your final chapter has a very provocative title and the titlist who are you rooting for and that reminded me of the old pete seeger song. anything possible to the policy x. anybody better off. to choose a policy you are making a decision about how much you care into much of this group of natives versus the group so before we go ahead and say it's important to ask who you are rooting for. we find the stories of people and if they are be

immigrant and nativeborn. christian, muslim, jew, nonbeliever alike.ged in the common service. that is the example of our veterans. patriots, who when they take off their fatigues, put back on the camouflage of everyday life in america and become our business partners and bosses, teachers, coaches, first responders, city councilmember's, community leaders, role models, all still serving this country with the same sense of duty and with valor. a few years ago, a middle school student entered an essay contest about why veterans are special. this is what he wrote. when i think of a veteran, i think of men or women who will be the first to help an elderly lady across the street. i think of someone who will defend everyone, regardless of their race, age, gender, hair color, or other discriminations. after eight years in office, i appreciate he included haircolor. [applause] that middleama: schooler is right. our veterans are still the first to help, still the first to serve. they are women, or like the retired military policewoman who founded an american ve

and coast guard who represent every corner of our country, every shade of humanity, immigrant and nativebornstian, muslim, jew, and nonbeliever alike all search.n the common news 24 hours a day, powered by more than 2600 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. scarlet: thanks. the dow shrugged off some early weakness, closing higher, another record high, up 40 points, 18,847. the s&p 500 did not extend its games, closing down about three points. rebounding, but volume dropped off from yesterday because of veterans day. weekthe quietest day this from an equity market perspective that still pretty dramatic. a huge day in copper. scarlet: and it continues, whether it is copper or small cap financials. joe: still plenty of action, including em. an extraordinary week for emerging markets. bloomberg spoke with news markets reporter sid verma on this postelection environment. things, as a lot of lot of bad things for emerging markets, a trump victory. trump represents a clear break in the global international order since his campaign is on a very anti-

mix of immigrants who provide values that they want and we don't create downward pressures for nativebornicans. host: what about a ban on muslims entering the united states? guest: i would not support that. in arkansas, and independence. good morning. question, theya keep talking about a tax cut for corporations when the average tax paid by corporations in this country is around 13%. here we sit with $20 trillion worth of debt and you want to cut taxes. that's exactly what our great leader, george w. bush did. he started a couple of wars and cut taxes. that's the reason we are in a position now. it doesn't make sense. explain that, please. guest: a lot of people believe that cutting business taxes will attract foreign companies to come and set up plants and businesses here an employee americans with good wages. you will also see people in america who are already here invest more in america. get morey is that you investment, more jobs, more wages, and that you will do better in the long run if you cut taxes on businesses. we have one of the highest corporate tax rates for large companies i

immigrant and nativeborn. christian, muslim, jew, and nonbeliever alike. all forged in the common service. that is the example of our veterans. patriots, who when they take off their fatigues, put back on the camouflage of everyday life in america and become our business partners and bosses, teachers, coaches, first responders, city councilmembers, community leaders, role models, all still serving this country we love with the same sense of duty and with valor. a few years ago, a middle school from missouri entered an essay contest about why veterans are special. this is what he wrote. when i think of a veteran, i think of men or women who will be the first to help an elderly lady across the street. i also think of someone who will defend everyone, regardless of their race, age, gender, hair color, or other discriminations. after eight years in office, i particularly appreciate that he included haircolor. [laughter] pres. obama: but that middle schooler is right. our veterans are still the first to help, still the first to serve. they are women, like the r

immigrant and nativeborn. jews, and muslim, nonbeliever all forged in the common service.t is the example of our veterans. patriots. who, when they take off their fatigues, put back on the camouflage of everyday life in america and become our business partners and bosses, teachers, responders, city councilmember's, community , all stillle models serving this country we love with the same sense of duty and valor. journal"ngton continues. host: joined by chad bown, a senior fellow at the peterson institute for international economics and was an economist with the council of economic advisers at the white house. thank you for joining us. are here to talk about the donald trump trade policy, he said he would rip up free trade agreements, what do we know about his stance on trade? guest: during the election, it was clear he was not a huge proponent of trade or the existing trade agreements that the u.s. is a party to. majorncludes nafta, the trade agreement between the united states, mexico, and canada, he is proposed renegotiation of nafta. what that means we are not sure, the