it meant reasonable policing. and as judicial opinions often say when creating a new warrant exception for upholding the police's actions, reasonableness is the touchstone -- that's the word they use -- a touchstone of the fourth amendment. this is a standard the carroll decision established for a modern automotive society. and i will end there to turn it over to jen for the q&a portion of our lunch. jim: thank you, professor seo. this is fascinating. we will be taking questions from the audience. if you have questions, please type them into the q&a section and we will get to as many as we can. to get started, one of the images on the screen we saw was frank sinatra's driver's license. where did you get that? prof. seo: the internet. the internet has a lot of great images. when you are doing a history presentation, a lot of images are in the public domain now, which is great. and also, government records are in the public domain as well. james: that was great. i thought it must have cost you a pretty penny if you

i got my reasons i got my reasons yea i got my reasons ♪ ♪ i got my reason i got my reasons yea i goth the ♪ ♪ heavyweight belt oh oh and the crowd goes wild creed ii tell 'e throw in the towel ♪ ♪ cocaine is hell of a drug like rick jame have a coke and a smile ♪ ♪ f your couch and your whole existenc you're leavin' your family and the kids defenseless ♪ ♪ headed to a early grave now you dead and broke life beat 'em senseles bow down to ♪ ♪ rap's dignitary 'cause luda always been a visionary i always knew you was a b ♪ ♪ so i just rea your obituar i got my reasons yea conway got his reasons ♪ ♪ my lil' homie is demons yeah they pull up and shoot for no reason yeah ♪ ♪ brrr i got my reasons yea buffalo at we got our reasons ♪ [ cheers and applause >> jimmy: join us tomorrow night -- chance the rapper and fred armisen will be here, and we'll have music from alan jackson my thanks to keegan-michael key [ cheers and applause zoey deutch. [ cheers and applause we love you, zoey. conway the machine, j.i.d, ludacris and the roots, right there from philadelphia goodnight, everybody bye-bye.

jo. -- what you want on it, that is the reason for it— reason for it. jo.reason for it. jo. yeah, i mean, this whole covid catalogue - reason for it. jo. yeah, i mean, this whole covid catalogue hasl reason for it. jo. yeah, i mean, - this whole covid catalogue has been no story of missed communication and mixed messages to out. and just as we seem to be coming towards the end of it, what is abundantly clear is that the government hasn't thought through the effect of what its initiatives are. and, so, this whole business at self isolating, even if you have had two vaccines and even if you are tested negative for coronavirus is an absolute nonsense. and we've got staff shortages across the piece in every possible sector, and it is beginning to have an impact on everybody�*s lives, whether it is supermarkets, whether it is food getting to supermarkets, whether it is lorry drivers, bin collectors, border officials at airports and things, train drivers, staff on transport and things, and it is absolutely in danger of collapsing the countryjust as we begin to ge

brown, if you could first of all tell us about the philosophy of "reason" magazine. >> guest: "reasonmagazine is an explicit libertarian magazine focused on politics and culture. we are not representative of the libertarian hunting. we represent a big tent sort of skeptical of increased government power in all sorts of rounds, both economic and social or civil liberties rounds. >> host: overall how are each of the parties attacking big tech in the sense in the antitrust sense treasure it's interesting because both of the parties, republicans democrats have been attacking big tech from all sorts of ankles, and at the trust is just one of them. they are both coalesced on we need tougher antitrust laws, use more antitrust enforcement in order to go after tech companies but they both have very different reasons for doing so even though they coalesced on the same solution. for democrats it seems to be rooted in a sort of very typical for democrats, animosity towards big businesses in general and skepticism about corporations in general and need to shrink them down to size. and for republic

bright line was for three reasons. the first is that our allies already have done this. they created a bright line of felonies for both plaintiffs and defendants' rights. the u.k., israel, canada, germany, netherlands, and australia. they did this because they believed service members deserve basic civil liberties that commander is not a trained lawyer. they thought a trained military prosecutor should make those decisions for serious crimes. we were told by every military justice expert available that to do anything less than a bright line would be a terrible disturbance to the ucmj, that bright lines work, that bright lines are necessary, and that having the bright line be a punishment of more than a year would serve the service members better. second, we heard from service members, particularly female service members, and i know there is a lot of mansplaining in this body, but joni ernst is the only female combat commander republican in this body. tammy duckworth the only female combat veteran democrat in this body.

and the reason is changes in the way that we do business. there is a reason that southwest would add capacity and others would not. there is a reason you might favor them they have the strongest balance sheet in the industry. so when you combine those factors, and they're not all-time highs it is not at all-time highs. taking a look at it, ten times earnings, i like southwest among the other players. >> some of the airlines came off of that peak from a few months ago. carter it is very similar to the fastenal trade >> that's right in terms of the sell off, it is a hard pivot it is a high of 65 double to a 50 that is the day and the high so when you think back to november 9th, the biggest move in many, many years, because vaccine opened up the airlines, and it stopped right there i think that is a good bounce here >> all right, a good call there on luv for every day option's actions, take out or blog while your there, if you want, sign up for the newsletter but don't do it right now. wait until the show is over you have 20 minutes left >>> co

you can explain your reasons why you have decided to vaccinated were to not get vaccinated. if you are vaccinated, (202) 748-8000. if you are not, (202) 748-8001. this is priya, saying when it comes to the vaccination process, yes, because i am fire risk. -- taxes paid for it. and not that prevention heavily recommended by our doctor. let's go to james. hello. caller: it makes me angry to hear people talk about's -- talk about the ignorance of what is going on. are you there? host: let's start with why you have decided to get vaccinated. tell us why? caller: because it is proven. all these people calling dr. fauci a liar, let me tell you. we were saved from the because of dr. -- we were saved from aids because of dr. fauci. believe me. i am not mad at the people who are not listening were our unvaccinated, but it is going to stupid. host: you said the reason you took the vaccination is because it is proven. tell me what you mean. caller: i'm 75 years old, vietnam veteran. i have some illnesses going on. i want to be safe. i have close people to me that her -- that are not li

we got to be reasonable. the counties with the highest case rates have significantly lower vaccination rates than other areas. you know it's not a coincidence. look, i heard the stories, too. i had my friends and people wanting to go down to florida. great in florida, man. no mask. like no covid! 67 counties in florida now listed as having high levels of community transmission. you don't like desantis. i don't know desantis. i invite him on the show all the time to make the case for this. i wish him and his family well like every other human being and i hope he does the right thing by his people. tell me why cases there have more than tripled in the last two weeks. why is florida the epicenter right now? they've got money. they've got means. they've got leadership. where is desantis on this? where is he with his don't fauci florida? how did that work out? why do we keep hearing about the cases in that state from the cdc and not from him and other state officials daily? why report weekly? this is the reality a

the reasons are changes in the way we do business there's a reason southwest would be adding capacity while others are not. there's a reason you might favor this airline over others they also have arguably the strongest balance sheet in the industry when you combine all of those factors, despite this, and it's not trading at all time highs, it has rebounded but not all-time highs taking a look at it, ten times earnings, i like southwest amongst the other players. >> some of the airlines have come off the peak of a couple months ago very similar to the fastenal trade. >> well, that's right. and in terms of the sell-off itself, and tony highlighted this, it's where -- and you can see the line drawn in this chart. it's where today's pivot, a hard pivot occurred also i would point out, it's high of 65 down to yesterday's low of 50. 50 is the day and the high when it gapped up on vaccine day. if you think back to november 9th when airlines had the biggest one-day move in many, many years, because obviously vaccine means open up the airplanes, it stopped right there to the penny that's an i

a number— there are a couple of reasons. a number of— there are a couple of reasons.ple of reasons. a number of states, republican lead a number of states, republican teed states, _ a number of states, republican lead states, are _ a number of states, republican lead states, are passing - lead states, are passing legislation— lead states, are passing legislation that - lead states, are passing legislation that will- lead states, are passing i legislation that will restrict voting _ legislation that will restrict voting rights. _ legislation that will restrict voting rights. texas - legislation that will restrict voting rights. texas is - legislation that will restrict voting rights. texas is thel voting rights. texas is the most _ voting rights. texas is the most written _ voting rights. texas is the most written dissent - voting rights. texas is the most written dissent to i voting rights. texas is the - most written dissent to attempt to do _ most written dissent to attempt to do so, — most written dissent to attempt to do so, and _ most written dissent to attempt t

brown, if you could, first of all, tell us about the philosophy of reason magazine. elizabeth: reason magazine is an especially libertarian magazine focused on politics and culture. we're not a member of the libertarian policy, -- party, though. skeptical of increased government power in all sorts of rooms, both economic and -- realms, both economic and social and civil liberty realms. peter: overall, how are each of the parties attacking big tech in the antitrust sense? elizabeth: it's interesting because both of the parties, republicans and democrats, have been attacking people from all sorts of angles, and antitrust is just sort of one of them. but they have coalesced on using more antitrust enforcement in order to go after tech companies. but they both have very different reasons for doing so, even though they sort of coalesce on the same solution. for democrats, it seems to be rooted in a sort of typical for democrats, animosity towards big businesses in general, and corporations in general, and need to shrink them down to size. and for republicans, it's really

that stands to reason. ., , . ., , reason. one last thing particularly for our reviewers _ reason. mightjust do untold political damage to brycejohnson political damage to bryce johnson and political damage to brycejohnson and you explain to them why that�*s not necessarily the case. i�*m and you explain to them why that's not necessarily the case.— not necessarily the case. i'm so lad that not necessarily the case. i'm so glad that we — not necessarily the case. i'm so glad that we have _ not necessarily the case. i'm so glad that we have time - not necessarily the case. i'm so glad that we have time left - not necessarily the case. i'm so glad that we have time left forl glad that we have time left for that. love, and any normal, any kind of normal time, if your former chief adviser describes you as callous, chaotic, incompetent, clueless, careless, you know, you would be absolutely finished, but i don�*t think this interview, certainly in the short term, is going to have much difference at all, why? what is the big radio here? well, because i think 2016 changed everything. these

i guess ost another reason to keep hope. i guess post covid-19 — another reason to keep hope. guess post covid-19 we are _ another reason to keep hope. i guess post covid-19 we are still _ another reason to keep hope. i guess post covid-19 we are still moving - post covid—19 we are still moving through— post covid—19 we are still moving through it. — post covid—19 we are still moving through it, but it's really exciting and hopeful and optimistic for brisbane _ and hopeful and optimistic for brisbane in 2032. it's totally - exciting, especially what australia is going _ exciting, especially what australia is going through _ exciting, especially what australia is going through with _ exciting, especially what australia is going through with everything. i is going through with everything. everyone — is going through with everything. everyone everyone _ is going through with everything. everyone everyone knew- is going through with everything. | everyone everyone knew we were is going through with everything. - everyone everyone knew we were going to get it. but everyone everyone

there is some compelling reasons as to why this process is far better than we are currently using tocess is probably at least three-to-four years away from generating any substantial revenue. so for those reasons, i believe putting on a short luke this makes a lot of sense and mike's trade structure, the diagonal is great for using this, because he's risking less than 3% of the stock's value to play for a short. but timing these things are tricky the call, they put that had mirl here allows him even if the stock is to trade sideways to not lose money on this trade he's gone out to october so buy some quite about of time to wait for a potential correction, even over the next month or so it trades sideways and on the put dying fal, he can potentially buy himself even more time to the downside. >> right we will see moderna enter the s&p next week. pike, final word on this >> i think that's one of the final points, too, he mentioned tesla. think what happened to tesla after that happened. there is a lot of good news, a lot of that is already known what is the next catalyst to propel the

reasonably _ founded and excessive. what do you make of that? reasonably britney i make of that?t miffed. 0ne islands they feel a bit miffed. one of the problems with the french but not a problem to france but in this kind of context is remote places that were once colonial dependencies and become part of france are treated as if they were departments of france and you can get for example a cheap flight from reunion to paris as though you are travelling within france. does that mean that think there are more visitors coming in they will infect frangible or brits will meet them on the street to paris bring the variant back was met quite a collocated chain to explain it. i’m collocated chain to explain it. i'm not totally _ collocated chain to explain it. i“n not totally certain that dominic raab did not think that reunion was part of mainland france. i'm not certain about that. when he talked on the radio, it was pointed out to him how far away this was and he seemed a bit nervous about it and then we have seen since science quoting here a senior source saying that he was mistaken

actually, the answer is no and the reason is because as industrial production picks up there are moreventional products, probably 30% or more, they have a higher margin. let's say assume that is 30% of their business and that is about a 5% better margin that translates to about 15 to 20 cents worth of ets. multiply that by their 30 times, 34 times multiple and you see that alone will add $4.5 to $5 to the share price how do we trade this going into earnings taking advantage of the fact that as we always point out options tend to be slightly elevated going into a catalyst such a earnings, we look to sell those options. i was looking at the august 55 calls, those were about a dollar and using that to help finance the november cal about $3.50. so you're spending $2.50 you'll observe that is the difference between these two strikes. the idea here is that if you're targeting a longer term appreciation in the share price we can sell that call and once that one expires in a little over 40 days we can look to sell another call and basically make our bullish bet that way and also, of course, b

they say that's one of the reasons why thinks deteriorated. the one of the reasons why the country isn't such a crisis now. health wise and kind of clinically speaking goes well mom as well. thanks very much, i see where just seeing the latest pictures from tennis in the past hall file. those security forces dressed apparently in civilian clothing, storm the officers of al jazeera in the camp into this nest, all gen mr. turn off the phones and then removed all staff from the building looked very hard. g is always there is tunis, bureau chief, joys now on the line from the genus we're speaking to him via a civil tiniest translation. so do bear with us with the time delay. let me just talk us through exactly what happened. but as the next 30 my had that happen is how much this is good to pull. jazeera, opposite when the tours and the stuff and to leave the office. they prevent the from even taking the personal belongings. and they said that they were present the security defense in which he needs. yeah. i asked him if he had additional repair me

if you think about it, there is a commonsense reason. if one party takes power and expands the vote dramatically without concern for ballot integrity or security and the other party comes in and wants to re-emphasize the notion of secure ballots they would be hamstrung by whatever the -- predecessor group did. >> justice barrett. >> i want to make sure i understand your position because it has some contradictions. as i understand from your brief, your is that section 2 doesn't apply to the time place and manner and only about the who, am i right about that? >> qualifications would deny the opportunity and time place and manner do not denny anybody to -- deny anybody the opportunity to vote. they are simply providing -- >> i don't understand why you conceded in your example that time place and manner restricks, s restrictions you can only vote , at a country club or this is the placement of the polls and placed in areas that are they are placed in areas that are burdensome to minorities. aren't those time, place and manner restrictions. >

one of the reasons that the - one of the reasons that the political— one of the reasons that the political so every kind of religious group or— so stoch... so every kind of religious group or sect - so stoch... so every kind of religious group or sect is i religious group or sect is ghettoized _ religious group or sect is ghettoized both - religious group or sect is ghettoized both in - religious group or sect is ghettoized both in its - religious group or sect is - ghettoized both in its political power — ghettoized both in its political power and _ ghettoized both in its political power and almost _ ghettoized both in its political. power and almost geographically ghettoized both in its political- power and almost geographically and physically— power and almost geographically and physically across _ power and almost geographically and physically across lebanon. _ power and almost geographically and physically across lebanon. and - physically across lebanon. and there's— physically across lebanon. and there's also _ physically across lebanon. and there's also a _ physically across lebanon

the reason for the curfew is not being given other than it's for security reasons, but it's been clear for many years that in contested parts of africa. storm. the government may control things during the day, but the taliban very much own the night for him. so dad is the head of the international relations department at cod on university. he says the afghan government curfew is an attempt to restrict into provincial movement and prevent. so the taliban gains? well, the basic reason from the government for the curfew announcement is that the one to curve, the italian according to them, most of the terrorist attacks and the destruction comes up late night. so this, the head of the government with that also this will of why in casualty. but i think the primary reason for the curfew is that the government now wants to keep an eye or restrict the movement from one region to another region like from power to north and from south east to, to where also this curve. you will also send a message for the large population centers in urban climate that the war has come to the door. and those segme

there are other reasons, you ticked them off. the idea that powell sounded a little bit tougher on inflation last week. that's one aspect. this is where my colleague from chicago rick santelli excels is the technical aspects of this are a big part of what is moving that around? >> what are the technicals, rick what do you see as you look into the guts here? >> well, i think first of all we have to really address something much more basic. we've had several experts on and they really know what they're talking about. here are some of the comments they've had. deems don't make sense here. they shouldn't be here my answer to that is yields are exactly where they should be they're just not there based on risk/reward. they're there based on central banking activities for the most part another issue is is that the treasuries have been wrong 10 years. let me think what happened about 12 years ago? that's when central banks decided they didn't need their spinach, they could grow their own muscles with qe. all of these things have permanen

— part of the reason is they rely on artificial intelligence and part of the reason is that they used their bases for what they were saying on a now discredited article that appeared in the lancet and they use that _ that appeared in the lancet and they use that is _ that appeared in the lancet and they use that is the basis for running out these — use that is the basis for running out these sorts of discussions and it is a _ out these sorts of discussions and it is a serious concern. does make a ruling _ it is a serious concern. does make a ruling out _ it is a serious concern. does make a ruling out these sorts of discussions. | ruling out these sorts of discussions.— ruling out these sorts of discussions. , ., ., ,., discussions. i 'ust wonder about the kind of rating — discussions. i just wonder about the kind of rating system. _ discussions. i just wonder about the kind of rating system. i _ discussions. i just wonder about the kind of rating system. i mentioned l kind of rating system. i mentioned it slightly tongue and cheek in the introduction, that pelleted fact uses this pan

one reason we're out of the state _ jail. one reason we're out of the state is — jail.t of the state is similar because we know if there's_ state is similar because we know if there's any— state is similar because we know if there's any authority, it does not extend _ there's any authority, it does not extend past the state of texas. so, we won't _ extend past the state of texas. so, we won't step foot back in the state so that _ we won't step foot back in the state so that we — we won't step foot back in the state so that we can go ahead and kill these _ so that we can go ahead and kill these bills, the house bill as well as the _ these bills, the house bill as well as the senate bill, in an effort to -ive as the senate bill, in an effort to give dc_ as the senate bill, in an effort to give dc another opportunity, and an effort _ give dc another opportunity, and an effort to— give dc another opportunity, and an effort to speak with persons like senator — effort to speak with persons like senator cinema, who we couldn't speak— senator cinema, who we couldn't speak to —

ladies and gentlemen, due to medical reasons, miss raducanu is| medical reasons, miss raducanu is not not able to continue the match. emma must be really — not able to continue the match. emma must be really hurt _ not able to continue the match. emma must be really hurt if _ not able to continue the match. emma must be really hurt if she _ not able to continue the match. emma must be really hurt if she came - not able to continue the match. emma must be really hurt if she came to - must be really hurt if she came to the decision— must be really hurt if she came to the decision to _ must be really hurt if she came to the decision to retire, _ must be really hurt if she came to the decision to retire, to - must be really hurt if she came to the decision to retire, to play- must be really hurt if she came to the decision to retire, to play as. must be really hurt if she came to the decision to retire, to play as a brit at _ the decision to retire, to play as a brit at home — the decision to retire, to play as a brit at home is— the decision to retire, to play as a brit at home is unbeli

have a good reason. a similar issue with women in los angeles county. nationwide, about 30% of permit holders are women. in los angeles county, it is 7%. is it just that women are not being stalked or threatened? i will give you an example between illinois and indiana. illinois is a heavily democratic state, indiana is a heavily republican state. in illinois, .3% of the adult population as a concealed carry permit, indiana, it is 20%. illinois, it costs over $400 to get a concealed carry permit. >> in illinois overwhelmingly white males who lived in the suburbs. in indiana, a bigger mix of people. many people living in high crime, urban areas who are able to go through the process of getting a permit. and the dual source of other things. -- and they do also's of other things. there's no training source in chicago. you're not allowed to take a permit concealed handgun on public transportation. if you are a poor black living in chicago and you don't own a car you have to borrow somebody's car for two to fo

this is an easy one and one of the reasons is because we actually talked about this just recently youavy is to buy put spreads in the qs for a couple of reasons, one that mitigates the cost and the skew is steep. it's closer to at the money. >> and carter, a layup for you as well. what's your take >> well, i mean, sometimes these are actually, sometimes they're not. the risk here is that the upside is cap and the downside is intention. that's my understanding. une, hein cl. >>> "options action" is sponsored by thinkorswim by td ameritrade gned a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ ♪♪ visit tdameritrade.com/learn ♪♪ ♪♪ >>> time now for the "the final call." carter, you first. >> sure. so staples, they beat the market

the reasonable time he mentioned. and they know that even internationally, there was no condemnation of what happened. nobody describe the type of coup. so they know that the game is not in favor at the moment, but probably, but the very shortly they are thinking and weighing the options. but let's touch on the international condemnation. the president must be relieved. the international condemnation really hasn't been as vocal as what might have assumed when a prime minister is removed in this manner. but they have been global statements of concern. your concern has been mentioned everywhere consent for the process of democracy, tunisia, but remember that usually what happens is if there is no bloodshed, the studies know if there is no clear fragmentation of the, of the country like what happened in india or in that in other spring nations, they also will usually wait to see the, the development they will, they have asked for dialogue. they have asked for a consultation. and i see that the usual process on the part o

another reason it's not complicated is the fact that we were talking about your previous question, i think there is more pressure in the reconciliation reprocess now and there was in e 80s but you're right, even in the 80s beginning from the first reconciliation process, procedures were used to achieve goals power important in the senate majority party but they were not be only way a majority party might be able to try and achieve some of the cult especially if they had bipartisan support. now i think for a lot of legislative freedoms that reconciliation becomes the only waye a majority party of the senate bills you can accomplish the things it wants to do and as the process bears more and more of those policy agendaa items, that increases complexity of the process the last thing i'll say has to do the consequences of the rule for the structure of reconciliation bill so because the rule is applied it can be the case one provision is deemed to be a violation of this rule, that can sort of pull on that one string or that feather and continue our bird metaphor, that unwinds the rest of

that is one big if there is another compelling reason for the stock to be trading at rich valuationsis really using the mrna vaccine process and there is a reason why it is better, but that process is probably at least three to four years away from generating substantial revenues and mike's trade structure, that is great for using this. it is 3% of the stocks value, but timing these things are very tricky the stock even if it is to trade sideways, and he went all of the way out to october so buy quite a bit of time to wait for a potential correction. and then as he continues to collect premium on the short leg of the put diagonal he can potentially buy himself more to the downside >> mike, we'll give you the final word on this >> i think that is one of the important points, too. there is a lot of good news, but a lot of that is already known i think we're running out of those. that is one of the reasons i think it could take a rest or a downturn here. >> coming up next from silver to gold answering your twitter questions next, stay with us it's a thirteen-hour flight, that's not a we

no real fundamental scientific reason to do that right now. when those data become available, you will see recommendations change according to the data . >> next question please. meg tyrell at cnbc. >> thank you. i'm wondering some folks have pointed to the vaccines still being under emergency use authorization has perhaps one reason that people may still be on the fence about getting them. do you have any guidance about when you expect potentials full approval for the process to kind of come to fruition for these vaccines. when might we see that from the fda and a quick second follow-up i apologizebut doctor , are you concerned about as people are taking their masks off and starting to circulate more the rise of other respiratory infections other than covid? >> when we start with the second one, doctorwalensky . >> i think we saw actually a paucity of viral infections last year. many of our pediatricians would say they didn't see people coming in with upper respiratory infections . part of that was not being in school and of course the maskin

the reason why it is authentic or personal is because that's all i know. there's not another way for me to do it. this is not necessarily always a good thing. there are times when you literally have it figure out a way to get the heck out of there. jeff: a --for the door. definitely in this book it was not a place that i felt that i needed to. it was not something i focused on. what i said was what i thought. >> you also mentioned that during the primary there were a lot of things going in your life personally. obviously you talk about the things that were happening dealing with the racial reckoning. how much did this influence your writing experiences in the book? the that implements you at all? >> guest: for sure. i don't think it's only a racial reckoning. i think the racial reckoning is the foundation for fundamental restructuring of our society. what every society u.s. society thinks about people in need or bad things happening it appears in the face of a black person but we have as many white people who are living below the poverty line. white people

for that reason a lot of economic historians i think for good reason to stay away from it. but for me in my work it is central and i think any approach to understanding capitalism has to put capital at center. so this led me in writing the book in doing the research for the book and thinking to engage with a very old tradition in capital theory that joel mentioned. it really goes back to the early 20th century and that defines capital not as as a thing foa factor of production but as an investable asset. so the book is very much organized around a sequence or ages in which a different investable assets become more or less prominent. clearly essential to the process of investing in assets in seeking returns and how that notion becomes central to defining american economic life, what a capital economy is a networks is the law. i will just mention maybe two or three aspects of which had prominent and, of course, you might have questions or comments and we could continue to discuss. first is the corporation, and the degree to which the corporate enterprise has a shape american

in fact, there are 7 reasons a lot. well, there's probably more than 7 put, i was too lazy to keep going after i got to 7. so for now there are 7 rays in the corporate rule. those love to give them a many of these are coming from the great research of brian backer and economist, richard wolf. number one, there are no unions union though the only reason workers achieved any kind of right, any kind of regulations in various fields without unions, you'd still be losing your job to a 6 year old because his little hand fit more neatly inside the screw, cutting late by the boot poly block on the assembly line, you know, something got jammed up there without a union. no one would have a weekend. and without the weekend there be no because 90 percent of it happens on the weekend. so next time you're having sex. thank a union later, i mean, not during wait until after actually don't, don't actually don't do it at all to just they think it in your head. just just thank him in your head because otherwise that will be an awkward co

. reasons, reason number one is the direct minority within the european union, precisely, poland to the baltic states also sometimes joined by countries like sweden and romania. who is your advice? danny was with the movement. try to blog, any river mom, any improvement over relations and this can last started in 2014. it was long before i will remind you that back in 2006, poland, imposed vito only go stations between russia and the european union on the new strategic agreement. this veto was being cast for one year on the hop. right, and amber off the ball on the ball, the state actually immediately after the u. enlargement. poland, in the baltic states started the price of the best to grasp, hold the movement balls of the developments in russia utilization. and the 2nd fundamental reason is precisely conditional. and the only acceptable formula of partnership which is acceptable while the union is ross, are becoming a part will be used for in process accepting. the more about this you be want to build the european union in russia, formalizing domestic legislature. we village is leisu

we will continue with a balanced and reasonable approach, and i have given the reasons.he fastest vaccination programme anywhere in europe. the vaccines provide more than 90% protection against hospitalisation. but the owners of this teashop in grantchester are facing another problem. they're closed because so many staff are at home after coming into contact with an infected person. soon people who have had both jabs will not have to isolate, but the rule's not changing until the 16th of august. the impact on this business and all hospitality businesses like mine is devastatingly serious. we have got a ridiculous system where for the third time in less than 15 months, this business has been shut down by the rules of this government, and that's not fair and it can't continue. frustrations shared by senior mps quizzing mrjohnson this afternoon. is it the case that until we get to that point on 16th august, people who have been jabbed twice will have to isolate even if they have had a negative covid test? we're asking people to isolate and i know how frustrating it is, but.

, or technical reasons. i'm going to solidly say it doesn't matter whether economic sticks came in hot our cold. last six weeks, rates go down. hot cpi number, rates down good jobs number, bad rates number, goes down. this race conundrum is not about the economy. this economy is still growing. this is about technical factors like liquidity to your question, okay, i'll dance with you look where the value trade has gone over the last, say, month every single wan of those sectors is in correction i don't care whether it's energy, finances, industrials. they've all corrected. this is absolutely the wrong time to give up on the value trade if you accept my premise that the reason rates are low are purely technical, not because of growth scares, and i'll sum this up by going to where you started the program. not only think about inventory restocking think about supply chain onshoring, potentially infrastructure coming. all reasons to stay long the value sector as well as growth at a reasonable price but definitely

>> on a legally procedural basis, the decision was actually reasonable. but of course we can't look at it in a vacuum, can we? we know there is the emotion. we know about the silencing of voices of victims of sexual assault. we know about the notion of this being the first case -- the supreme court in pennsylvania never said that cosby was innocent. they didn't address the factual allegations nor did they say that the prosecutors in that case failed to meet their burden of proof. the jury found him guilty. the deal effectively immunized bill cosby. he did it in his public capacity on behalf of the commonwealth of pennsylvania. and for that reason even though another successful prosecutor came in to handle the case, the commonwealth itself would still be bound. and so this court was saying, look, the deal stands as is. it has greater implications, of course. the notion that it was a bait-and-switch, they used that language to suggest that anybody who was going to rely on the statements of a prosecutor only to have the rug pulled out underneath them later o

i guess the link there -- i mean, i can think of maybe two reasons why that's the case. first, there is a kind of target for long-term investment which is war-making, producing weapons of war. and that makes it easier if you have a kind of goal in mind. the second thing has to do with money and credit and finance and to go back to where we started with definitions of capital and one of the things the book does try to do is integrate money and credit aspects often excluded from the real economic understanding of capital, for purposes of analysis and modeling of things like that, and of course the thing about the wars is because there's a need to fight the war, you get a relaxing of money and a relaxing of credit. civil war, you get greenbacks, during world war ii you have the fed and the treasury supporting all-out production. and that opens up possibility for credit and finance and since you know what you want to, to finance, which is war production, those are moments where you've kind of seen those expansions and after the war it's coming out a legacy of those moments o

basis, there's no real fundamental scientific reason to do that right now. when those data become available, you will see recommendations change according to the data. >> next question, please. cnbc. reporter: thank you. i'm wondering, you know, some folks have pointed to the vaccine still being under emergency use authorization as perhaps one reason that people may still be on fence about getting them. do you have any guidance about when you expect potential full approval, the process, to kind of come to fruition for these vaccines? when might we see that from the f.d.a. and a quick second follow-up, i apologize, but dr. walensky, are you concerned about, as people are taking their masks off and inserting -- starting to circulate more, the rise of other respiratory infections other than covid that you're seeing right now? thanks. >> why don't we start with the second one, dr. walensky. dr. walensky: thank you. i think we saw actually a paucity of viral infections last year. many of our pediatricians would say that they didn't see a lot of people coming in w

the reason we can now — country has been facing.o this _ country has been facing. the reason we can now do this is _ country has been facing. the reason we can now do this is because - country has been facing. the reason we can now do this is because of. country has been facing. the reason| we can now do this is because of the huge wall of defence that has been built by the vaccines. we have the most successful vaccine roll—out programme in the world. we are seeing increasing evidence of the link between case numbers and hospitalisation and death severely weakening. because of that, we can now afford to make these changes and start to find a way to live with covid—19. just to be clear, no one is pretending the pandemic is gone, it is still very much there. case numbers are high. they are going to get higher. it is numbers are high. they are going to net hither. , . numbers are high. they are going to net hither. _, , numbers are high. they are going to net hither. ,., , numbers are high. they are going to et hiher. , ., , ., get hig

, they have also -ot for other reasons, they have also got covid — for other reasons, they have also reasons, they have also got covid in hospital. we don't know if that— got covid in hospital. we don't know if that made them differently more ill but_ if that made them differently more ill but what is not wrong and what has not _ ill but what is not wrong and what has not been over dramatised if the pressure _ has not been over dramatised if the pressure of— has not been over dramatised if the pressure of the nhs has faced. that is a chief_ pressure of the nhs has faced. that is a chief metric here. what has been _ is a chief metric here. what has been taken _ is a chief metric here. what has been taken to protect the nhs? they are still— been taken to protect the nhs? they are still in— been taken to protect the nhs? they are still in hospital and silting up resources — are still in hospital and silting up resources and need to be looked after— resources and need to be looked after and — resources and need to be looked after and still putting pressure on the services. we saw those s