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Jan 20, 2019
01/19
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and then like princeton, brown. >> i think iowa state has like 75,000 students. it's one of the most top attended colleges. it's a commuter school, but go sun devils. >> chris, thanks for being with us this morning. >> thank you for having me here. >>> welcome back to "press: here." i'm scott mcgrew with john schwartz and troy wilburton of "business insider." john, you are working on a piece for "barron's," so tell me what it is. >> i'm looking at employee empowerments, especially at google. recall back in november, 20,000 of their employees walked out of work, one-fifth of their workforce, and earlier this -- well, on tuesday, they had a social media protest over forced arbitration around sexual harassment. >> right. >> google has a problem with their executives getting involved in some horrible situations including andy rubin. it got me to talking to one of their organizers about this whole notion that as highly valued employees at a silicon valley company, they have a lot of leverage where they can go and what they can do, and they're deciding to use their voi
and then like princeton, brown. >> i think iowa state has like 75,000 students. it's one of the most top attended colleges. it's a commuter school, but go sun devils. >> chris, thanks for being with us this morning. >> thank you for having me here. >>> welcome back to "press: here." i'm scott mcgrew with john schwartz and troy wilburton of "business insider." john, you are working on a piece for "barron's," so tell me what it is. >>...
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Jan 14, 2019
01/19
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and was accepted to princeton in 1981.truggled to find her way in the rarefied and largely white world of the ivy league. >> i went from the south side of chicago to princeton university. and princeton felt intimidating. some of the doubters were seeping in my head. i thought maybe i'm not good enough. >> rather than accept her status as outsider. she became active at the multi-cultural center on campus. her sophomore year she was a mentor for incoming freshman to help them adjust to life at princeton. one new student. now the state of alabama's first african american congresswoman. >> and in walks this tall elegant woman from the south side of chicago. her big thing was that you belong here. she said that more than once to me. it was reassuring. for a person from alabama. who wasn't sure she belonged at a university. >> michelle graduated with honors and a degree in sociology. she grappled with what to do next. >> she was looking to sort of explore the connection between community and law. she was grounded in public servi
and was accepted to princeton in 1981.truggled to find her way in the rarefied and largely white world of the ivy league. >> i went from the south side of chicago to princeton university. and princeton felt intimidating. some of the doubters were seeping in my head. i thought maybe i'm not good enough. >> rather than accept her status as outsider. she became active at the multi-cultural center on campus. her sophomore year she was a mentor for incoming freshman to help them adjust...
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Jan 19, 2019
01/19
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as mentioned, i'm a senior at princeton university. i feel honored that we get to lead the march this year. as president of princeton pro life and chemical and biological engineering student i'm intrigued by this year's theme. unique from day one. biology tells us that a unique human organism forms at inception. at princeton our group asks students when do you think life begins and we get all kinds of answers in response. some students have the opinion that life begins when the baby has its first heartbeat or shows signs of brain activity. those opinions are exactly that, opinions. the biological evidence shows otherwise. it shows that fertilization produces a human being. why does this matter? i was born with a genetic disease called o.i. or brittle bone disease. because of my o.i., i have dealt with broken bones, scoliosis and hearing loss. the culture of death might suggest my life wouldn't have been worth living because of my condition. it is the argument we hear so often that aborting children to save them from hardship is an act
as mentioned, i'm a senior at princeton university. i feel honored that we get to lead the march this year. as president of princeton pro life and chemical and biological engineering student i'm intrigued by this year's theme. unique from day one. biology tells us that a unique human organism forms at inception. at princeton our group asks students when do you think life begins and we get all kinds of answers in response. some students have the opinion that life begins when the baby has its...
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Jan 15, 2019
01/19
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my husband didn't do anything wrong. >> reporter: princeton, new jersey, jennifer griffin, fox news.wo federal judges blocking the trump administration's new rules for birth control allowing companies walked out of coverage, and more proof of the war on christianity? we will debate it next. todd: a big win for the military at home. jobs numbers for heroes that are a long time coming. ♪ statue of liberty started shaking her fist ♪ >> the man accused of kidnapping jayme closs chose his victim after watching her board a school bus. jake patterson shot and killed jayme closs's parent, duct tape or mouth shut and stuffed her in the trunk of a car. at that point he didn't even know her name. after 88 days under a bed she managed to escape, her could never left his wisconsin home. then she flagged down help. >> she said i am jayme closs, he killed my parents, i want to go home. kind of scared. >> many deputies headed that way, i will keep you on the line. >> patterson is held on $5 million bail. if convicted he could spend life in prison. a memorial service for a rookie officer, natalie cor
my husband didn't do anything wrong. >> reporter: princeton, new jersey, jennifer griffin, fox news.wo federal judges blocking the trump administration's new rules for birth control allowing companies walked out of coverage, and more proof of the war on christianity? we will debate it next. todd: a big win for the military at home. jobs numbers for heroes that are a long time coming. ♪ statue of liberty started shaking her fist ♪ >> the man accused of kidnapping jayme closs...
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Jan 11, 2019
01/19
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. >>>> and those economics from princeton and yale. >> it was m.i.t. actually. >> you taught at princeton so lyou have a law degree from georgetown is there a disadvantage to have a phd or a private equity background? [laughter] . >> i wouldn't say there is a disadvantage but you really have to do that to serve on the board and to found a private equity firm so it can be done. [laughter] . >> sometimes it's better to be lucky than anything a else. so that it is favorable with those decisions does that bother you in any way? . >> no. congress has given us a very specific job as a try to use those tools to achieve. and then to get distracted with those political factors into consideration and larry kudlow has suggested maybe the president will have a meeting with you. have you received an invitation chairs do meet with president i'm not any in my lifetime that has not. they tend to be rare maybe only one or two. i'm not aware of any fed chair turning down an invitation. but i have no invitation. >> are you happy to accept it? . >>. >> so talk about the e
. >>>> and those economics from princeton and yale. >> it was m.i.t. actually. >> you taught at princeton so lyou have a law degree from georgetown is there a disadvantage to have a phd or a private equity background? [laughter] . >> i wouldn't say there is a disadvantage but you really have to do that to serve on the board and to found a private equity firm so it can be done. [laughter] . >> sometimes it's better to be lucky than anything a else. so that it...
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Jan 11, 2019
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mit, taught at princeton. you have a law degree from georgetown is there a disadvantage or is there an advantage to having the private equity background? [laughter] >> i wouldn't say there's a disadvantage. i've been at the board for seven years and i've had a lot of time to learn on a tray economics. you very much have to invest in learning and of course i've done that. one of my careers is doing and learning different things. i knew a guy with no experience you have made a success of it so it can be done. [laughter] sometimes it is better to be lucky than anything else. >> let me ask you this recently the president of the united states who appointed you has been less than favorable in the decisions. does that bother you in any way? >> we are very focused on our job. congress has given us a very important job and we serve all of the american people to try to use our tools to achieve maximum stable price stability. either in our discussions or decisions at all that is just who we are. >> at the head of the eco
mit, taught at princeton. you have a law degree from georgetown is there a disadvantage or is there an advantage to having the private equity background? [laughter] >> i wouldn't say there's a disadvantage. i've been at the board for seven years and i've had a lot of time to learn on a tray economics. you very much have to invest in learning and of course i've done that. one of my careers is doing and learning different things. i knew a guy with no experience you have made a success of it...
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Jan 2, 2019
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his phdd his ba and from princeton. prior to joining the forum, he -- director of the congressional budget office and began his career at syracuse as an economic scholar. the manhattanw at institute. he received his bachelor's degree from the university of wisconsin and masters from princeton university. prior to joining the in situ, he was chief economist for senator bob portman of ohio and worked on the rubio and run a presidential campaigns. budget and policy at the heritage foundation. the center ofw at budget and policy priorities, he received his phd from columbia university. prior to joining, he was the chief economist and advisor to vice president joe biden. dr. bernstein was the director at the economic policy institute and was the deputy chief economist at the department of labor. last but not least, ms. maya mcguiness is on the committee for responsible budget. she received her ba from northwestern university and a degree from harvard university. she was a member of the washington post editorial board and has
his phdd his ba and from princeton. prior to joining the forum, he -- director of the congressional budget office and began his career at syracuse as an economic scholar. the manhattanw at institute. he received his bachelor's degree from the university of wisconsin and masters from princeton university. prior to joining the in situ, he was chief economist for senator bob portman of ohio and worked on the rubio and run a presidential campaigns. budget and policy at the heritage foundation. the...
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Jan 14, 2019
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program with wong at princeton. >> he's not a spy. is so deeply passionate about history. he was in the wrong place at the wrong time. he was an american citizen in iran right after iran had released nearly all of its u.s. prisoners. they perhaps needed more. >> as a bargaining chip? >> yes. >> his wife and son hope he will be returned soon and the iranians will realize they made a mistake. back to you. >> dana: thank you for that story. so bernie sanders adding staff ahead of making a decision on a 2020 run. our panel breaks down the latest additions to the widening field and why teachers are walking off the job in the nation's second largest city. fact is, every insurance company hopes you drive safely. but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands? ensure max protein... to give you the protein you need with less of the sugar you don't. (straining) i'll take that. (cheers) 30 grams of protein and 1 gram of sugar. ensure m
program with wong at princeton. >> he's not a spy. is so deeply passionate about history. he was in the wrong place at the wrong time. he was an american citizen in iran right after iran had released nearly all of its u.s. prisoners. they perhaps needed more. >> as a bargaining chip? >> yes. >> his wife and son hope he will be returned soon and the iranians will realize they made a mistake. back to you. >> dana: thank you for that story. so bernie sanders adding...
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Jan 14, 2019
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he was in the same princeton phd program. >> he was in the wrong place at the wrong time.e was an american citizen and iran right after iran had released all of its prisoners. they perhaps needed more. >> she described the impact on his wife and 5-year-old son. >> he is not sure where his dad has one has had is coming back. >> three years later as she was right at the fonte as his family awaits his return. >> this is all politics. it has been didn't do anything wrong. >> in princeton new jersey, fox news. >> bret: up next, these have been president trumps brought back obamacare regulations, we will explain. first, here is what some of our affiliates are covering around the country. the transportation security ministrations as a passenger bound for tokyo was able to pass through security with an undetected gone. officials are not yet set how that gone cut through security, the tsa says it is to entry procedures for screening were not followed. it happened on january 2nd, a week into the shutdown. flock seven in austin texas, the lawmaker says a confederate plaque in the tex
he was in the same princeton phd program. >> he was in the wrong place at the wrong time.e was an american citizen and iran right after iran had released all of its prisoners. they perhaps needed more. >> she described the impact on his wife and 5-year-old son. >> he is not sure where his dad has one has had is coming back. >> three years later as she was right at the fonte as his family awaits his return. >> this is all politics. it has been didn't do anything...
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Jan 1, 2019
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[laughter] then he went to princeton to study government studying comparative government politics and eventually he decided early on to set off and the first statesman was a fantastic orator and that is what he perfected learning how to project his voice but wilson could speak outdoors to 10000 people and make his voice heard without amplification. so he was training himself and he thought his job as a leader to the white house was to think really hard about the right thing to do than talking people into doing it some politicians would say i have to negotiate or compromise but according to his principles what he thought was possible and then talk you into seeing it his way. >> so to have a moralistic streak in the end this is a strength. >> so what happened to him is a cautionary tale. he has majorities in both houses of congress so much legislation is passed and he knows the majorities will see this but he has overvaluing the oratory so he makes very eloquent speech and then you think this might not have happened but he succeeds for six years and with those midterm elections of 1918.
[laughter] then he went to princeton to study government studying comparative government politics and eventually he decided early on to set off and the first statesman was a fantastic orator and that is what he perfected learning how to project his voice but wilson could speak outdoors to 10000 people and make his voice heard without amplification. so he was training himself and he thought his job as a leader to the white house was to think really hard about the right thing to do than talking...
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Jan 25, 2019
01/19
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, then him undergraduate at princeton, then went to georgetown law school, and you were editor in chieflaw review. jay: yes i was. david: and then you clerked, so you had a great legal career. you practiced for a while. why did you abandon the practice of law? jay: it is funny. so, going to law school led me to practice law. although it didn't lead everybody that way. practicing law led me to want to go into investment banking, because they were the clients and it seemed like they were having more fun. david: they are making more money, for sure. [laughter] jay: that led me to do other things. david: it ultimately want to dillon reid, and there, you worked for nick brady, who became treasury secretary. and do you became undersecretary for finance under george herbert walker bush? is that right? jay: that is correct. yeah. david: you went back to dillon read for a while, and then you decided that the high point of your life would be if you want into private equity. as many people know, you joined carlyle and were there for eight years. so is there any doubt that private equity is the hig
, then him undergraduate at princeton, then went to georgetown law school, and you were editor in chieflaw review. jay: yes i was. david: and then you clerked, so you had a great legal career. you practiced for a while. why did you abandon the practice of law? jay: it is funny. so, going to law school led me to practice law. although it didn't lead everybody that way. practicing law led me to want to go into investment banking, because they were the clients and it seemed like they were having...
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Jan 16, 2019
01/19
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investment lifetime, there's about a 3% chance that a money manager can beat the market. >> after princeton he went to work for wellington management for over two decades, eventually becoming ceo he was later terminated for what he called an unwise merger so he started over, putting the indexing concepts from his thesis into practice at vanguard >> investors suddenly found the playing field more level so to a certain extent, in fact to a great extent i would say, he democratize d it. >> that initial fund renamed the vanguard 500 index tracked the s&p 500. skeptics ridiculed it as bogle's folly. by 1990, index investing had taken root the reason bogle turned out to be right in the 15 years ending in january 2017, nine out of ten actively managed large cap mutual funds underperformed vanguard's 500 index today vanguard has more than 5 trillion under management. >> jack bogle is pretty much like a t-rex in terms of what vanguard is versus a little tiny lizard over here you don't see too many folks anywhere in the world that manage that much money. >> after retiring in 1999, he started a resear
investment lifetime, there's about a 3% chance that a money manager can beat the market. >> after princeton he went to work for wellington management for over two decades, eventually becoming ceo he was later terminated for what he called an unwise merger so he started over, putting the indexing concepts from his thesis into practice at vanguard >> investors suddenly found the playing field more level so to a certain extent, in fact to a great extent i would say, he democratize d...
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Jan 1, 2019
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>> at princeton. >> on the bench. >> does princeton have a basketball team?> division i. >> i don't follow sports. >> i bought 15 houses and gave them all away. >> the most relieving thing was helping my daughter finish applications to high school. and and see your kid doing something independently for themselves. what about you? best thing of 2018? >> it was a good year. i had a book come out. that is always good. kind of a difficult year in some ways but when you look back at a year, it is an artificial construct, 12 months. nonetheless i think it was great. >> we had our 20th anniversary in 2018 which is insane. i left being in spain, can't wait to go back. >> the favorite thing you ate? >> i love the -- >> mcdonald's in spain? >> i didn't know that. >> it. my mind. >> i would think you would be going to mcdonald's. >> that is what dana does. >> what i do, my wife will think it is our anniversary, what about you? >> it was the 20th. >> this year was our 40th. >> twice that. >> go anywhere with me. >> if you wake up on new year's morning we will all be surp
>> at princeton. >> on the bench. >> does princeton have a basketball team?> division i. >> i don't follow sports. >> i bought 15 houses and gave them all away. >> the most relieving thing was helping my daughter finish applications to high school. and and see your kid doing something independently for themselves. what about you? best thing of 2018? >> it was a good year. i had a book come out. that is always good. kind of a difficult year in some...
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Jan 21, 2019
01/19
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princeton has led on that. you cannot do this without the liberal arts curriculum, can you?. it is essential, i believe, and people are realizing it, thinking about design thinking. what does the client need? with thef an engineer typical white coat being often a corner somewhere, and said, what needs to happen -- instead, what needs to happen, is we need to be thinking about what are the challenges the globe faces and use that as a way of inspiring and educating. francine: is in the biggest challenge inclusion? what role can education play? emily: that is the point. i think, we are making a big push at princeton in that area, recognizing, even if i think about it from a selfish point of view, the fact is we want to the serioushat are problems that different areas of the country, the world face and that people face on a day to day basis that help us understand where we should be looking for solutions, right? by bringing in people with different perspectives and background into the field and showing them that injured ring, it-- enginee provides an opportunity to address real
princeton has led on that. you cannot do this without the liberal arts curriculum, can you?. it is essential, i believe, and people are realizing it, thinking about design thinking. what does the client need? with thef an engineer typical white coat being often a corner somewhere, and said, what needs to happen -- instead, what needs to happen, is we need to be thinking about what are the challenges the globe faces and use that as a way of inspiring and educating. francine: is in the biggest...
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Jan 21, 2019
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she then got a masters degree in philosophy at oxford on a fellowship from princeton. she went to harvard, graduated magna cum laude, and was supervising editor of the law review. she clerked on the d.c. circuit and then for justice marshall on this court. she then went to actual work at williams and connelly, great law firm, for a couple of years, before teaching at the university of chicago in the early 1990's. she became associate counsel to president clinton in 1995 and later became deputy assistant to the president for domestic policy. and this was at a time when as a matter of domestic policy, we were actually burning through our budget deficit and going towards a balanced budget. she was actually nominated for the d.c. circuit by president clinton. politics caused that nomination to lapse, and that has been known to happen to others from time to time. a young appellate litigator known as john roberts got that seat. so as a consolation prize, she went to harvard in 1999 where she began teaching and in what can only be described as a meteoric rise, became dean of
she then got a masters degree in philosophy at oxford on a fellowship from princeton. she went to harvard, graduated magna cum laude, and was supervising editor of the law review. she clerked on the d.c. circuit and then for justice marshall on this court. she then went to actual work at williams and connelly, great law firm, for a couple of years, before teaching at the university of chicago in the early 1990's. she became associate counsel to president clinton in 1995 and later became deputy...
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Jan 1, 2019
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>> kennedy: at princeton. >> dana: i did too. >> greg: does princeton have a basketball team? >> pete: it has a division i basketball team. >> dana: kennedy, was the best thing that happened to you in 2018? >> kennedy: i bought 15 houses and four bentleys. i give them all away. i have so much stuff, i don't even need it. probably the most relieving thing was finishing helping my daughter finish applications to high school, which was so nerve-racking. i was so proud of her because she took the lead on so much of it and really figured out the kind of schools that she wanted to go to. as a parent, when you step back and see your kids doing something infinitely for themselves. >> dana: juan, what about you? >> juan: it was a good year and i had a book come out and i had success. that's always good. you know, it was kind of a difficult year in some ways but i think when you look back at a year, it's kind of an artificial construct. 12 months. nonetheless, i think, you know, it was great. >> dana: it was pretty good. peter and i had our 20th anniversary in 2018 and we went to spain
>> kennedy: at princeton. >> dana: i did too. >> greg: does princeton have a basketball team? >> pete: it has a division i basketball team. >> dana: kennedy, was the best thing that happened to you in 2018? >> kennedy: i bought 15 houses and four bentleys. i give them all away. i have so much stuff, i don't even need it. probably the most relieving thing was finishing helping my daughter finish applications to high school, which was so nerve-racking. i was so...
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Jan 5, 2019
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. >> why didn't you do two years and go back to princeton? what appealed to you about the remarkable -- >> taking an opportunity, at the board of governors, the offer to be the cea chairman. kevin hassett will be speaking soon. it is one of the most interesting jobs in washington. and different dishes coming across the policy desk. and the opportunity we had maintained a relationship with princeton, i still do and i still have research and make a presentation with seminars and the like. i haven't abandoned the academic life. the economist with applied interests, the ability to move across policy and academic spheres is a good benefit. >> last question, there are many young scholars here charting out the course of their research and making their plans for their careers. in terms of their research agendas and what they should be studying and trying to figure out, for all 3 of you, what would you like to see them take on and find solutions that would be helpful with you were a fed chair? what are some questions you wish the academics had better
. >> why didn't you do two years and go back to princeton? what appealed to you about the remarkable -- >> taking an opportunity, at the board of governors, the offer to be the cea chairman. kevin hassett will be speaking soon. it is one of the most interesting jobs in washington. and different dishes coming across the policy desk. and the opportunity we had maintained a relationship with princeton, i still do and i still have research and make a presentation with seminars and the...
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Jan 4, 2019
01/19
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i maintained a relationship with princeton. dotill do and i still research and make presentations at academic seminars and the like. i certainly have not abandoned the academic life. again, for an economist with applied interest, the ability to move across the policy and academic spheres is a great benefit. >> last question, there are many, many younger scholars charting their course of research and making plans for their careers. in terms of research agendas and what they should be studying and trying to figure out. what do you like to see them take on and find solutions and answers that would have been helpful when you were fed chair? what are some of the questions you wish the economics profession had better answers to in this role? chairman powell: the integration of financial economics and macroeconomics and understanding better how financial markets work and changing financial conditions affect the macroeconomic -- macroeconomy. there's a lot of progress to be made. i think it is early days working that out. dr. yellen: i
i maintained a relationship with princeton. dotill do and i still research and make presentations at academic seminars and the like. i certainly have not abandoned the academic life. again, for an economist with applied interest, the ability to move across the policy and academic spheres is a great benefit. >> last question, there are many, many younger scholars charting their course of research and making plans for their careers. in terms of research agendas and what they should be...
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Jan 10, 2019
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. >> eddie glaude, professor at princeton yef princeton university and charlie sykes. both msnbc contributors. i want to talk about progress. not the president. because this is the president's shutdown. >> correct. >> he wanted the shutdown. he has not spoken at all about new technology. he just talks about the nonsense wall that sam nunnburg came up with build a wall while he was on the campaign. talk about graham and other republicans who could be working with democrats here and not standing with the president. because mcconnell isn't talking. he's been quiet. >> the most interesting thing with the meetings is the fact that mitch mcconnell doesn't say anything. if there was a deal in the works, real negotiation, mitch mcconnell would be there. and you got to give credit to graham for at least trying to come up with a compromise. does strike me a little naive, you know, how many times do you have to have lucy take the football away before you realize you're not going to be able to make a deal with somebody like trump who is an unreliable negotiator, they've been down
. >> eddie glaude, professor at princeton yef princeton university and charlie sykes. both msnbc contributors. i want to talk about progress. not the president. because this is the president's shutdown. >> correct. >> he wanted the shutdown. he has not spoken at all about new technology. he just talks about the nonsense wall that sam nunnburg came up with build a wall while he was on the campaign. talk about graham and other republicans who could be working with democrats here...
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Jan 3, 2019
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i came to america with my mom first grade was in new york city and princeton new jersey. >> do you thinkthat experience has in so many ways. just the experience of being an rest of the world. i grew up in a communist country into dictatorship although i was a small my parents feeling powerless in fron. the government works for us, not the other way >> one of those memories you have as a child. of what i now understand to was trying to get a passport so that we could get out of there and almost every transactio. >> when did you kno >> with the desir even as a chid growing up, i wanted to get back to the country that gave i gue a congressional staffer i should have mentioned that this, right out of patrick moynihan. out. >> and he went on from there to do what? >> that was m then became a speechwritemadeleine we felt a sense of relief in tho exercise the checks and balances that are very delicate in the history of the country. >> you defeated republican leonard lance. when it the moment you decided he would run and why did you think you could claim? >> after i left the obama administration
i came to america with my mom first grade was in new york city and princeton new jersey. >> do you thinkthat experience has in so many ways. just the experience of being an rest of the world. i grew up in a communist country into dictatorship although i was a small my parents feeling powerless in fron. the government works for us, not the other way >> one of those memories you have as a child. of what i now understand to was trying to get a passport so that we could get out of there...
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Jan 6, 2019
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i maintained a relationship with princeton. --till do, and i still have do research and make president -- make presentations. i haven't abandoned the academic life, but for an economist with applied interests, the ability to move across policy in academic spheres is a benefit. neil: last question, there are many younger scholars here charting out their course of research and making plans for their current -- their careers. in terms of what they should be trying to figure out, what for all three of you would you like to see them take on and find solutions and answers that would have been helpful when you were fed chair? what are some questions you wish there were better answers to? jay: the integration of financial economics and macroeconomics and understanding better how financial markets work and changing financial conditions affect the macro economy. been worked onng for it -- ben has worked on for a long time. janet: systemic risk, understanding what gives rise to systemic risk, how we can measure it, how we can detect it, a
i maintained a relationship with princeton. --till do, and i still have do research and make president -- make presentations. i haven't abandoned the academic life, but for an economist with applied interests, the ability to move across policy in academic spheres is a benefit. neil: last question, there are many younger scholars here charting out their course of research and making plans for their current -- their careers. in terms of what they should be trying to figure out, what for all three...
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when boglewrote his senior thesis about the concept at princeton. >> i said mutual funds should be operated in the most honest, efficient, and economical way possible i had a sentence in my thesis that said mutual funds can make no claim superiority over the market averages. >> bogle's thesis research laid the ground work for what would become one of the most powerful investing movements of the late 20th century he concluded that active trading mutual fund managers failed as a group to outperform the relevant indexes. especially when you subtract fees and expenses. >> anybody can do it for a year, and if you can do it for five years and if you can do it for ten years, but over an investment lifetime there's about a 3% chance that a money manager can beat the market. >> reporter: after princeton bogle went to work for wellington management for over two decades. eventually, becoming ceo he was later terminated for what he called an unwise merger so he started over putting the indexing concepts from his thesis into practice at van garde. to a great extent he democrati de it was a huge thing in
when boglewrote his senior thesis about the concept at princeton. >> i said mutual funds should be operated in the most honest, efficient, and economical way possible i had a sentence in my thesis that said mutual funds can make no claim superiority over the market averages. >> bogle's thesis research laid the ground work for what would become one of the most powerful investing movements of the late 20th century he concluded that active trading mutual fund managers failed as a group...
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Jan 4, 2019
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but i maintained a relationship with princeton i still do and i still do research and make presentations at academic seminars and the like. i certainly haven't abandoned the academic life. again for an economist with applied interests, the ability to move across the policy and academic spheres is a great benefit. >> we have to wind down. last question. there are many younger scholars here, charting their course of research and making their plans for their careers. in terms of their research agendas, what they should be studying, i wonder for all three, what you would like to see them take on, find solutions and answers that would have been helpful when you were a fed chair. what are some questions you wish the economics profession had better answers to in this role start with you, jay powell. >> i would say the integration of financial economics and macro economics, and understanding better how financial markets work, how changing financial conditions effect the macro economy. this was something that obviously ben has been working on a long time, but there's a lot of progress to be made
but i maintained a relationship with princeton i still do and i still do research and make presentations at academic seminars and the like. i certainly haven't abandoned the academic life. again for an economist with applied interests, the ability to move across the policy and academic spheres is a great benefit. >> we have to wind down. last question. there are many younger scholars here, charting their course of research and making their plans for their careers. in terms of their...
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that -- he is from princeton to wall street is about to get a dose of the bronx.tez ishas you poised to join the financial committee and she is just getting started. that is next. this is bloomberg. ♪ xt. this is bloomberg. ♪ alexandria osasio-cortez has floated the idea of a marginal tax rate up to 70% in the recent 60 minute interview where she embraced her reputation as a radical. >> i think that it only has ever been radicals that have changed this country. made the decision to have the emancipation proclamation. franklin delano roosevelt made the decision to embark on establishing programs like social security. >> would you call yourself a radical? >> cap, if that is what radical means, comey a radical. shery: how does this -- how does business feel about this? we are joined by businessweek economic editor peter coy. alexandria osasio-cortez knows how to stay in the limelight, talking about up to a 70% tax. that is really not going to sit well with businesses. peter: no. it would apply as personal income taxes she is talking about. it also refers to incomes s
that -- he is from princeton to wall street is about to get a dose of the bronx.tez ishas you poised to join the financial committee and she is just getting started. that is next. this is bloomberg. ♪ xt. this is bloomberg. ♪ alexandria osasio-cortez has floated the idea of a marginal tax rate up to 70% in the recent 60 minute interview where she embraced her reputation as a radical. >> i think that it only has ever been radicals that have changed this country. made the decision to...
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Jan 17, 2019
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. ♪ david: you grew up in the washington area and went to undergraduate at princeton, then went to georgetownool, and you are editor in chief of the law review. you had a great legal career. you practice for a while. why did you abandon the practice of law? jay: going to law school led me to practice law. practicing law led me to want to go into investment banking them because they were the clients and seemed like they were having more fun. david: making more money. [laughter] jay: that led me to do other things. david: you all to me went to one company where you work for nick brady, who became treasury secretary. he became undersecretary for finance under george herbert walker bush? jay: that is correct. david: you went back to dillon read for a while, and then you decided the high point of your life would be if you went into private equity. as many people know, you joined there for eight years. is any doubt the private equity is the highest calling of mankind? [laughter] jay: [laughter] somehow that was the path it made sense to me along the way. private equity was a great way to make a liv
. ♪ david: you grew up in the washington area and went to undergraduate at princeton, then went to georgetownool, and you are editor in chief of the law review. you had a great legal career. you practice for a while. why did you abandon the practice of law? jay: going to law school led me to practice law. practicing law led me to want to go into investment banking them because they were the clients and seemed like they were having more fun. david: making more money. [laughter] jay: that led...
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one from yale and one from princeton. >> m.i.t.. >> m.i.t he taught at princeton and january let hersle so you have a law degree from georgetown you practiced law. is there a disadvantage to not having a ph.d. is that is there an advantage to having a private equity background? i wouldn't say there is a disadvantage to not having a ph.d.. i've been at the board seven years. i've had a lot of time to learn economics. you have to invest in learning and of course i've done that my career, part of my career is doing different things and learning different things. i have an interesting story for you. i know a guy who founded a private equity firm with no business degree no, experience, and made a success of it so it can be done. >> sometimes it is better than anything else. let me ask you this. recently the president of the united states who appointed you has been less than favorable in some of, about some of your decisions. does that bother you in any way? >> no. so we're very, very focused on our job. congress has given us a very specific job an important job we're here to serve the amer
one from yale and one from princeton. >> m.i.t.. >> m.i.t he taught at princeton and january let hersle so you have a law degree from georgetown you practiced law. is there a disadvantage to not having a ph.d. is that is there an advantage to having a private equity background? i wouldn't say there is a disadvantage to not having a ph.d.. i've been at the board seven years. i've had a lot of time to learn economics. you have to invest in learning and of course i've done that my...
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african-american studies and william s todd, professor of religion and african-american studies at princeton university. dr. glaude is the director of many books. before we begin as always, we ask that you please silence electronic devices and cell phones and now, please join me in welcoming our guests. [applaus [applause] >> how are you all doing? >> fine. good, good. welcome. . >> thank you, eddie for doing this. >> no, no, this is my pleasure. it's a blessing. so, let's jump into this. is that okay? it is a wonderful book, so buy it. [laughter] >> so david, talk a little bit about the archive, that informs this magestirial text. >> i had no intention of writing a full life of douglass. i had done an early book on douglass, a dissertation, i had edited his two autobiographies, et cetera. i had douglass out of my life except for giving talks on his narrative to teachers. and i went to savannah, georgia about ten years ago to give a talk to teachers on douglass narrative and apologies to those who might have heard this story, they said there's a local collector who wants to meet you and have
african-american studies and william s todd, professor of religion and african-american studies at princeton university. dr. glaude is the director of many books. before we begin as always, we ask that you please silence electronic devices and cell phones and now, please join me in welcoming our guests. [applaus [applause] >> how are you all doing? >> fine. good, good. welcome. . >> thank you, eddie for doing this. >> no, no, this is my pleasure. it's a blessing. so,...
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shares princeton in common with bogle.king all morning long about the idea that this all came from a college thesis this revolution that he brought to investing >> it's amazing. i often wished i could have written a thesis like that when i was in princeton those who knew of him and those who were learning about him today. >> i think the one thing is he -- he kept working so long o mission that he believed in so deeply you know, still working, showing up to krchconferences in his mi late 80s that commitment and passion is something we can all strive for. >> you know, the revolution, john, of index investing morphed into something he wasn't always a fan of, eft investing and the short term nature of trading efts and lack of corporate govern as. do you have a feel for how he viewed his legacy? >> i think he was quite proud of his legacy i've had a chance to spend quality time with him and see him at the morningstar conference, to see him talk about his deep beliefs i know he knows he left a mark on america i was at the berksh
shares princeton in common with bogle.king all morning long about the idea that this all came from a college thesis this revolution that he brought to investing >> it's amazing. i often wished i could have written a thesis like that when i was in princeton those who knew of him and those who were learning about him today. >> i think the one thing is he -- he kept working so long o mission that he believed in so deeply you know, still working, showing up to krchconferences in his mi...
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mercantile power soared to new heights new affluent districts and three new canals were laid out the princeton kaiser and heaven ark for which the city's famous today. the newer expansions of the more recent expansions were usually the places where the most affluent people moved to because then it had become too crowded in the end all the parts of the city and the new parts obviously gave the possibilities to build on a grander scale like this elegant house built in sixteenth seventy one for a wealthy merchant. behind the spacious home there's a garden in coachman's house a typical set up back then to ensure overcome first desired by a prosperous merchant and his family in one thousand nine hundred four the house was acquired by a powerful merchant family the van loons. they were involved in the international trade and also in insurance policies so over the course of time due to these. trade activities they were. gaining some fortune and wealth. today part of the home is a museum the funny furnished rooms bring to life the grand lifestyle of the wealthy dutch merchants. when you enter you ente
mercantile power soared to new heights new affluent districts and three new canals were laid out the princeton kaiser and heaven ark for which the city's famous today. the newer expansions of the more recent expansions were usually the places where the most affluent people moved to because then it had become too crowded in the end all the parts of the city and the new parts obviously gave the possibilities to build on a grander scale like this elegant house built in sixteenth seventy one for a...
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Jan 24, 2019
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is a princeton dropout namedtom szy... he's the ceo of terracycle..recyled a garage as the headquarters complete with plastic bottle curtains.. cuz he let's nothing go to waste. the loop experiment starts with several thousand consumers in new york and paris this may.. thenplans to expand to london, toronto, tokyo and san francisco by 2020.and while we're scrounging together plastic to recycle.. a hedge fund billionaire just wasted 238 million dollars on a penthouse apartment. it's the most ever paid for a home in the u- s. overlooks central park south.. oh and this is just one of his pads.. he also just bought a little place next to buckingham palace in london for 124 mill. so who is the guy? hisname is ken griffin.. he's the ceo of chicago based hedge fund citadel. if you wanna play the dating game: he's 50 years old, divorced his second wife a couple years ago, has 3 kids.. and he loves art.. he must cuz he paid 500 million dollars for two paintings. ( darya ) a los angeles rams fan is going to the super bowl and he learned about it thanks to a kno
is a princeton dropout namedtom szy... he's the ceo of terracycle..recyled a garage as the headquarters complete with plastic bottle curtains.. cuz he let's nothing go to waste. the loop experiment starts with several thousand consumers in new york and paris this may.. thenplans to expand to london, toronto, tokyo and san francisco by 2020.and while we're scrounging together plastic to recycle.. a hedge fund billionaire just wasted 238 million dollars on a penthouse apartment. it's the most...
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and three new canals were laid out the princeton kaiser's and heaven arc which the city's famous today. the newer expansions the more recent expansions were usually the places where the most fluent people would move to because then it had become too crowded in the end all the parts of the city and the new parts obviously gave the possibilities to build on a grander scale like this elegant house built in sixteen some two one for a wealthy merchant. behind the spacious home there's a garden and coachman's house a typical set up back then to ensure overcome first desired by a prosperous merchant and his family in one thousand nine hundred four the house was acquired by a powerful merchant family the van loons. they were involved in the international trade and also in insurance policies so over the course of time due to these. trade activities they were. gaining some fortune and wealth. today part of the home is a museum the finally furnished rooms bring to life the grand lifestyle of the wealthy dutch merchants. when you enter you enter through a seventeenth century facade and then you wa
and three new canals were laid out the princeton kaiser's and heaven arc which the city's famous today. the newer expansions the more recent expansions were usually the places where the most fluent people would move to because then it had become too crowded in the end all the parts of the city and the new parts obviously gave the possibilities to build on a grander scale like this elegant house built in sixteen some two one for a wealthy merchant. behind the spacious home there's a garden and...
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>> princeton university. >> okay, you went to princeton -- >> many of my friends went to -- [inaudible] >> okay. it's not about -- yeah. so the question is did you have the sense when you were there that you could be called out for saying something insensitive, that you had to really sort of watch yourself in how to you spoke in class? >> go to the mic. >> yeah, go to the mic. >> sure. i think it was the but not in a way to get you in trouble. i think it's a way of everyone learning. right? so my view of offensive speech, for example, you know, you have your -- you may have the right under our constitution to say offensive things, but you don't necessarily to have the right not to for people to have social repercussions in response to that, right? >> okay. that makes a lot of sense. that makes a lot of sense for each individual person, and 20 years ago that argument would have been very persuasive. but now put everybody in a network where if i say something, each individual right person has the right to shame me, but because it's 500 people, i commit suicide the next day. i shouldn't m
>> princeton university. >> okay, you went to princeton -- >> many of my friends went to -- [inaudible] >> okay. it's not about -- yeah. so the question is did you have the sense when you were there that you could be called out for saying something insensitive, that you had to really sort of watch yourself in how to you spoke in class? >> go to the mic. >> yeah, go to the mic. >> sure. i think it was the but not in a way to get you in trouble. i think...
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also remember that infamous princeton story from twenty fourteen that the term in the u.s. was an oligarch compared to that flawed democracy sounds pretty damn good yeah. sure it was john edwards. there are your headlines from the future monday you'll read. cricket community insists attack on american diplomats was false flag perpetrated by grass. i believe i believe and next wednesday you'll see. man asked is everything ok and thereafter tell you more than five minutes with white house or just some stuff. that you don't know but you can get more by grabbing my brand new standup comedy special only at leat camp comedy special dot com for limited time use the promo code uncle sam to get it even cheaper that's uncle sam one word until their son but . i've been saying the numbers mean something they matter to us is over one trillion dollars in debt more than ten point zero or timestamping this. eighty five percent of global wealth you want to the ultra rich eight point six percent market saw thirty percent just last year some with four hundred to five hundred three per circuit
also remember that infamous princeton story from twenty fourteen that the term in the u.s. was an oligarch compared to that flawed democracy sounds pretty damn good yeah. sure it was john edwards. there are your headlines from the future monday you'll read. cricket community insists attack on american diplomats was false flag perpetrated by grass. i believe i believe and next wednesday you'll see. man asked is everything ok and thereafter tell you more than five minutes with white house or just...
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average, only about 1 out of every 12 peopleal shared information during the campaign researchers at princeton and nyu conducted this study. >>> two local sisters are furloughed federal employees struggling toake ends meet right now, so they came up with the sweet idea to raise some dough during the shutdown. they explained to news 4's corey smith how they're using dessert to earn cash while they're out of work. >> it's hardndo plan a even think about a future when you don't know when you're getting your next paycheck. >> i into ed to add more butter. >> when life handed them lemons. >> the government gave us a furlough, we're making cheesecake. >> reporter: both women amp federal eloyees and mothers with husbands who can't work. like many of the al800,000 fed workers going without pay, they're struggling with past-due bills and other penses. >> so how do i look at my child and say, i can't send you back to school? >> reporter: that all bd for them to turn a hobby into ass busi plan. >> the cheesecake has been my weakness since i can >> reporter: and thus the furloughed cheesecake was born. >>
average, only about 1 out of every 12 peopleal shared information during the campaign researchers at princeton and nyu conducted this study. >>> two local sisters are furloughed federal employees struggling toake ends meet right now, so they came up with the sweet idea to raise some dough during the shutdown. they explained to news 4's corey smith how they're using dessert to earn cash while they're out of work. >> it's hardndo plan a even think about a future when you don't know...
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also remember that infamous princeton story from twenty fourteen that the term in the u.s. was an oligarch compared to that flawed democracy sounds pretty damn good yeah. sure it was john mcwhorter. there are your headlines from the future monday you'll read. cricket community insists attack on american diplomats was false flag perpetrated by grass. i believe i believe and next wednesday you'll see. man asked is everything ok in there after tell you more than five minutes with white house suggestions. that. you can get more by grabbing my brand new standup comedy special only at leat camp comedy special dot com for a limited time use the promo code uncle sam to get it even cheaper that's uncle sam one word until next i'm good. because you know provision of my back want to know what it is understood i like i. asked but i. owe. you for your height oh i lost his boss because i just got the new . resources you know just anybody among my fellow those in prison but the best honest i don't mean any of them. so now says you know what i was you're not. you know just i mean what i mo
also remember that infamous princeton story from twenty fourteen that the term in the u.s. was an oligarch compared to that flawed democracy sounds pretty damn good yeah. sure it was john mcwhorter. there are your headlines from the future monday you'll read. cricket community insists attack on american diplomats was false flag perpetrated by grass. i believe i believe and next wednesday you'll see. man asked is everything ok in there after tell you more than five minutes with white house...
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white is one of at least four american prisoners held in iran including princeton student xi yuwang,nd a former diplomat and his son. this is a friend of the namazi family -- >> in order to release american citizens from iranian prisons, it requires both a large financial package from the united states and the release of iranian prisoners held in the united states. >> reporter: president trump has repeatedly criticized his predecessor for green lighting a prisoner swap and unfreezing more than $1 billion in iranian assets. that brought four americans home in 2016. >> didn't do what obama did -- give them $1.8 billion in cash to get back four hostages. >> reporter: president trump's confrontational stance, exiting the nuclear deal and sanctioning iran, has not stopped the regime from detaining more americans. has the trump administration policy made it harder for them to bring americans home? >> there's essentially no diplomatic contacts between the united states and iran, high-level, sustained contacts. and it is going to take some type of a quid pro quo for iran to release these pri
white is one of at least four american prisoners held in iran including princeton student xi yuwang,nd a former diplomat and his son. this is a friend of the namazi family -- >> in order to release american citizens from iranian prisons, it requires both a large financial package from the united states and the release of iranian prisoners held in the united states. >> reporter: president trump has repeatedly criticized his predecessor for green lighting a prisoner swap and...
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. ♪ ♪ david: you grew up in the washington area, and you want to to undergraduate at princeton, theneorgetown law school, and you were editor in chief of the law review. jay: yes i was. david: and then you clerked, so you had a great legal career. you practiced for a while. why did you abandon the practice of law? jay: it is funny. so, going to law school led me to practice law. although it didn't lead everybody that way. practicing law led me to want to go into investment banking, because they were the clients and it seemed like they were having more fun. david: they are making more money, for sure. [laughter] jay: that led me to do other things. david: it ultimately want to dillon reid, and there, you worked for nick brady, who became treasury secretary. and do you became undersecretary for finance under george herbert walker bush? is that right? jay: that is correct. yeah. david: you went back to dillon read for a while, and then you decided that the high point of your life would be if you want into private equity. as many people know, you joined carlyle and were there for eight y
. ♪ ♪ david: you grew up in the washington area, and you want to to undergraduate at princeton, theneorgetown law school, and you were editor in chief of the law review. jay: yes i was. david: and then you clerked, so you had a great legal career. you practiced for a while. why did you abandon the practice of law? jay: it is funny. so, going to law school led me to practice law. although it didn't lead everybody that way. practicing law led me to want to go into investment banking, because...
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researchers at princeton university and nyu found that facebook users older than 65 shared seven timese misinformation during the 2016 presidential campaign. that's compared to users between 18 and 29. more than 90% of users did not spread misinformation. >>> still to come, the rising cost of snail mail. forever stamps get a big price hike from the postal service. if you have moderate to severe rheumatoid arthritis, month after month, the clock is ticking on irreversible joint damage. ongoing pain and stiffness are signs of joint erosion. humira can help stop the clock. prescribed for 15 years, humira targets and blocks a source of inflammation that contributes to joint pain and irreversible damage. humira can lower your ability to fight infections. serious and sometimes fatal infections including tuberculosis, and cancers, including lymphoma, have happened as have blood, liver, and nervous system problems, serious allergic reactions and new or worsening heart failure. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb, hepatitis b
researchers at princeton university and nyu found that facebook users older than 65 shared seven timese misinformation during the 2016 presidential campaign. that's compared to users between 18 and 29. more than 90% of users did not spread misinformation. >>> still to come, the rising cost of snail mail. forever stamps get a big price hike from the postal service. if you have moderate to severe rheumatoid arthritis, month after month, the clock is ticking on irreversible joint damage....