i met rich in history channel shoot and rich was pretty famous and i wasn't and i thought rich was nicer to me than he had to be. that's what i learned about him. he's an expert in his field and he's a compelling speaker, but he's also one of the nicest people anyone has ever met and i think maybe that's the best thing of all. now, tonight, rich will be speaking about the first volume of intended trilogy on the asia-pacific theater, tower of skulls, 1937 to 1942. it's my pleasure to call to the podium, richard frank. [applause] >> thank you, thank you very much. i want to thank the museum for having me here for this event for this kickoff event. this museum is a fabulous institution. it's perfect harmony of mission, of vision and execution and one of the traditions is to tell stories. leon graduated from the the naval academy in 1941, he was a survivor of uss arizona and awarded the navy cross, just below medal of honor of guadalcanal in 1945. so tell us about the days in the academy and leÓn says i did very well in the academy, i was strong in math and science but my downfall was englis

the rich always get rich at the expense of everybody else so and there so i think she is wrong and in a true capitalistic society every trade that takes place should be richly advantageous advantageously can all make wealth together and a cooperative yeah good way that laura made us perspective on why i lived in communist eastern europe in the 1980 s. nobody has to tell me about communism in marxist theory i lived through it ok and it is a dead end full stop ok ok pie a lot of inequality to write a lot of and there was an enormous amount of inequality and communism ok i absolutely had to be good i want to keep that inequality going let me go to pi here but there's the perception i agree with ok jump in go ahead that's a point of program go ahead in a way yeah i agree with i agree with jeffrey were guarding the earlier statement that he had made a couple of things involving the issue of sound money that he had referenced as well as what he just said as far as opportunity if you're lazy and you know you just don't want to work then there's really kind of no need to kind of apply the bal

another one is about riches. i'm not so rich i never need to work again. not that i would ever be because i work because want to make the world a better place i am doing fine. i'm working out and doing fine. some people are struggling. they may be working hard and still unable to make ends meet. maybe they've many jobs that don't pay them enough or health problems or homeless. we are all rich than someone and more rich than some else so we can perform the pivot. here's the one about white women wear white women are less privilege relative to white men but more privileged relative to normal white women. everyone can do this pivots. i use these pivots to help me empathize with other people which brings me to the surprising conclusion that abstract mathematics helps me with empathy. it might not be something you put in the same sentence with empathy, at least not in a positive way. i think this is an important part of mathematical thinking. i would like to conclude a toggle what i think intelligence is and how this can help us be intelligent. another diagram

country but only for a certain amount of people were rich and obviously when you see a food shelter food bank like this that gives out $1000000.00 worth of food in a day or whatever it was that they did that tells you the pounds that tells you there's a lot of people hurting in this country so i don't think we should be running around the world bragging that we are there's great rich united states of america yes there are a lot of rich people here yes there still is a little bit of the american dream waiting out there for people but for the most part this disparity between rich and poor has to end or the united states will look like any other country in the world only rich only poorer no middle class that's what we're seeing with this no middle class and that there's going to be a tipping point eventually will likely run out what's going to happen then do you think people are going to go into the streets how this is affecting millions of americans. well you know it was interesting because you know what i got back and we were in the stay in your house mode my attorney happened to cal

rich has to learn how to take some chances. like cash in the bank like you do, and i don't like debt, but i also like growth. you know what concerns me about michael is that he doesn't know his numbers the way he should. all right, let's go to work. i'd like to go maybe make some ice cream, do that. >> let's do it. >> so educate me on something. once the ingredients are established... >> yes. >> they can be modified into frozen yogurt? they can be modified into soft serve? >> correct. >> it's all the base. >> it's important for mr. green tea to expand their flavors and products, because once people fall in love with the brand, we want to make sure that we have a flavor for everybody. there's two ways you can grow this business. you can grow it vertically, up and down, by developing new flavors, or you can grow it horizontally, by creating new brands and new ideas. i want to make sure that we hit all parts of the market from a 5-year-old to a 50-year-old. what i don't like about the business today is, i don't like that the whole

[applause] >> thank you, rich.adies and gentlemen in the crowd, if you have questions please raise your hands and i will bring the microphone to you. rich, we will start towards the back and the center aisle as soon as i get there. >> what does strategic changes could fdr have made in hindsight which would have shortened the war or improve the u.s. position in the war? >> the question is what decisions could fdr had made that might have shortened the war and my short answer would be i'm not sure there were many that could have shortened the war and there are whole lot that could've lengthened the war without any trouble and i gave a talk here about wada canal and one of the things i emphasized and that is it's difficult to recapture just how grim things looked in the summer 1942 and the access have been triumphant from october 1935 to that moment and we were in a very deep hole and at that point in time as historian -- a historian, senior moment here. he said if you asked someone in the spring of 9042 how the war w

disparity between the super rich and the super poor. it comes about that people have to say what is acceptable you know. what you know and to talk about it because the one thing the super rich have is influence a young they can influence politicians they can influence you can buy influence by interest in newspapers what they're able to do is to sell things that you could control the brain or janitor i'm not stopped their gender they want to they want to crime is one where no one no one talks about this stuff and what we're trying to do so is make me a story that michael winterbottom. he did say at the end of it the ending of a storm. of the haitian i'm salaries of the c.e.o.'s. pay the walks in bangladesh no i marked out yeah it was some sort of so do you think that this kind of represents and some walking interests of various off the most basic of the council's cost of this film it's amazing how the federal i support filmmakers i support i support creativity what the problem with this industry is the constant tension between art and co

for rich people. buying a lot of expensive assets that everyday people don't have access to. they're not getting support from. and so the things that i've recommended initially is to try to push and reward companies that offer equity in their company to their employees. because the only way that you get away from living paycheck to paycheck is by having an asset that can appreciate, whether it's a home, whether it's stock in your company-- whatever it may be. the second thing is we're going to have to raise the minimum wage, federally. you know, because right now, we're coming to the realization, again, that we've got to have a strong foundation of people and a strong federal minimum wage is one of the first ways that we can do that. >> trevor: let me ask you this: if you were giving advice to a small business right now, there are many small businesses who had to furlough workers. there are many small business woz had to fire workers. what would you suggest to people who don't want to fire anybody but

i guess it's the trickle down economy effect right if we bail out the rich eventually it'll trickle down to the poor i think we ought to try it the other way around yeah now this week president donald trump in congress reached if $480000000000.00 on a new funding package to provide more money to small businesses but with banks playing favorites do you really think it's going to be enough to help the little guys this time around what is congress doing that's a different that's actually going to go to these small business owners the real small business owners. i don't know you know i like i said i don't know who's got their foot on the pavel here who's there to check where the money's going who's there to check how they use it after they get the money is anything like that in place i doubt it because we weren't even prepared for this put demick that took place oh yeah we're prepared to fight people with missiles and was aircraft carriers halfway around the world were ready for all that but when it comes to a pandemic like this the statistics are showing we were the least prepared to g

on 3 continents and it quickly became clear that while the virus itself may not care whether you're rich or poor black or white our society still very much do and that is proving fatal take india for instance it's home to the world's largest lockdown in late march prime minister narendra modi told the country's 1300000000 people to stay home for at least 3 weeks now people were only given a few hours notice before much of the economy was effectively switched off that's turned out to have devastating consequences for the more than $400000000.00 indians that work in the informal economy so we're looking at construction workers and street vendors daily wage workers who almost literally live from hand to mouth most of them are living in conditions that every health expert has been telling us to avoid to prevent the spread of the virus so they're trapped in the city slums they're living in cramped quarters with up to 10 people sharing a room no soap no clean or running water for them social distancing is simply something that they cannot afford. not only a higher risk of contracting the virus

jana rich, founder of rich talent group, with some fascinating insight across silicon valley.ill standing by for the white house briefing to begin. you can check out the bloomberg for headlines from that. you can watch it on live . expect you details on the president's reopening plans, what that might mean state-by-state. he was earlier saying states needed to be liberated to do as they wish that they reopened. we are already seeing states like texas and minnesota starting to ease their restrictions. looking at a live look at the podium there. tune into the bloomberg if you want to watch. this is bloomberg, and that is it for bloomberg technology. i'm emily chang. ♪ david: as the economy slips towards the abyss, people start plans to bring it back. this is bloomberg wall street week. i'm david westin. welcome back. ♪ david: it was a week of waiting. waiting to find out whether the virus is finally on its way out. waiting for economic numbers that we knew were bad and would only get worse. but at the same time, it was a week of hope as the number of hospitalizations in some

, maduro daughter is very rich. the families enrich themselves. in that sense you would attack the notion that socialism is attainable by saying in the book that every economy in the world will district resources unequally there's no opportunity for full equal resources and in a world you prefer merit over -- do we fall at a risk of united states congress leaning into elements of crony capitalism and does that take us on the slow march to these bad places? >> i think so. and i think the whole idea of, you know, how things are districted in the equality of it is being a goal that if thing were equally districted the problem would be is that you would lack incentive because you work hard or because you want more of the pie to increase your share of the pie, and so getting over incentive was always a problem. do we fall into the tap here sometimes? yeah because sometimes in order to get the things we wanted like reducing taxes on economy, we've taken people off at the lower whoapgd pay no tax and so now we have a tax s

so i am more rich than someone and i am less rich than someone.nd here is one about to white women. when they are less privileged comparison to white men. but more privileged than that non- white women. it how to use these pivots to help me empathize with other people which brings me to perhaps the surprising conclusion that after the mathematics has helped me with empathy, and that they might not be something that you put in the same sentence. at least not in a positive way. [laughter]. but i think this is an important part of mathematical thinking actually. i would like to conclude by thinking about what i think intelligence is and how i think it can help us be intelligent. i thought about this and the defendant about another diagram of interconnection. it seemed reasonable. also being helpful. so what is reasonable mean. that you are able to be reasoned with. some people hold views where nothing, no evidence or logic or nothing at all whatever get them to change their mind. that is in fact unreasonable. i think it reasonable means even if a fra

[applause] >> thank you, rich.adies and gentlemen, in the crowd if you have questions please raise your hand and i will bring the microphone to the rich, we're going to start towards the back in the center aisle as soon as i get there. >> what does strategic changes could've been made in hindsight what of shorten the war or improve u.s. position of the war? >> the question is what decisions could fdr have made that might of shorten the war. and my short answer would be i'm not sure the were many i could of shorten the worker there are whole lot they could've lengthened the war without any trouble. i gave a talk about guadalcanal back earlier at one of the things i emphasized in that is it's very difficult now to recapture just how grim things looked in december 1942. the. the axis have been triumphant from october 1935 to that moment, and we were in a very, very deep hole. and at that point in time as -- sorry, having a senior moment here. said if you ask someone in the spring of '19 42 how the war would come out,

absoutely, rich. the world health organization, as he has over the last 48 hours, accusing it of getting things wrong as far as the coronavirus outbreak was concerned, of being pro—china and pushing back on his travel ban that president trump imposed at the end of january on people coming here from china, later expanded to europe and the uk. so the president again repeating to withdraw money or withhold money from the who and also saying that his government would be investigating how the organisation actually worked. you heard the quote there are from him that the united states contributed $450 million last year compared to china's $40 million—plus so the president clearly believes this is money that is not being well spent. he wouldn't be drawn on whether he thinks the director general of the who should resign. the director general, for his part, has said this is not the time to politicise events surrounding the coronavirus crisis, rich. and david, as we heard, the president saying he wants the count

crisis hits people with full force as a result un secretary general antonio good harris has urged rich countries to do more for those that are less prepared otherwise he ward we face the nightmare of the disease spreading like wildfire in developing nations with millions of deaths. welcome to our 1000 special here on news i want to get jones in berlin good to have you with us the pandemic affects us all yes but while the rich countries can cushion the economic fallout from the crisis others like mexico stare into an abyss . the virus has already claimed some 200 lives in mexico but so far there have been no lockdown measures like in other countries and so case numbers are rising as people continue to gather including to protest. here hundreds of waiters air their grievances in front of the presidential palace their restaurants of closed and they've lost their jobs. or be i mean that if i don't have that income i can pay my rent a comp a my bills and i can support my daughter. or years. from today we can no longer survive day to day by being at home so exposing ourselves to come out in

me, too, rich. great to talk to you. thank you so much. i'm glad to hear you guys have enough of a cushion there for a couple years, although we don't think it's going to last that long, thank goodness. rich gelfond, thank you. >>> closing bell ringing in 29 minutes. any time -- now look at the dow, up 517 points. by the way, regarding the nasdaq, it is now back above both its 50 and 200 day moving average. fintech, financial technology, getting in on the action of the paycheck protection program. square, paypal and intuit all getting approval to provide small business loans to struggling companies out there who need them. clients of the non-traditional lenders will now be able to apply for low interest forgivable loans from the government's $350 pool. they are all moving higher by 4% apiece. >>> up next, we will get you an update, the very latest numbers on how the ppp is performing. the personal paycheck protection money. and we will tell you what other silicon valley power player is doing to try to keep the doors open at the microbusine

green peppers, rich in vitamin c and a. pole beans, green, dried or canned. and swiss chard. chard can be used throughout the summer. the holder garden has plenty of such green, leafy vegetables, turnip greens, mustard greens, spinach, all for winter use. that just about covers the holder victory garden. just one of thousands of such farm gardens. just a sample that you can match in most any community in america. each, a health insurance policy, a savings bank. each a vitamin mine from which you can take stuff more precious than silver or gold. but remember what grandpa says. no work, no garden. get what that means. no work, no spuds. no work, no turnip, no tank, no flying fortress, no victory. bear that in mind, all you victory gardeners, and work for victory! ♪ ♪ ladies and gentlemen, the vice president of the united states, richard nixon. >> how do you do? in a few moments, you will see a march of medicine program entitled empty international. i am pleased with this opportunity to introduce it because i believe wholeheartedly and what it has to say. president eisenhower in

green peppers, rich in vitamin c and a. pole beans, green, dried or canned. and swiss chard. chard can be used throughout the summer. the holder garden has plenty of such green, leafy vegetables, turnip greens, mustard greens, spinach, all for winter use. that just about covers the holder victory garden. just one of thousands of such farm gardens. just a sample that you can match in most any community in america. each, a health insurance policy, a savings bank. each a vitamin mine from which you can take stuff more precious than silver or gold. but remember what grandpa says. no work, no garden. get what that means. no work, no spuds. no work, no turnip, no tank, no flying fortress, no victory. bear that in mind, all you victory gardeners, and work for victory! ♪ >> you are watching american history tv. with eventstory coverage, eyewitness account, archival films, lectures and college classrooms, and visits to museums and historic places. >> we have round-the-clock coverage of the federal response to the coronavirus pandemic. watch white house briefings, updates from governor

i'm rich preston. coronavirus takes another 900 lives in the uk, bringing the national total to over 7,000. there have now been over 1a,000 deaths in the united states. how a cough in a supermarket helps to spread the virus. new evidence suggests masks do provide vital protection. and in russia, the show must go on line. despite the pandemic, dances from one of russia's oldest theatres are taking their performances to the web. welcome to bbc news. the condition of the british prime minister, borisjohnson, is said to be improving as he prepares to spend a third night under intensive care battling covid—19. britain's finance minister, rishi sunak, said he is sitting up in bed and engaging positively with the team around him. but the wider picture is less encouraging. britain recorded its worst daily figure to date for hospital patients who have died of coronavirus, 938. 0ur political editor laura kuenssberg reports. still the wait. the prime minister is still in intensive care. but borisjohnson‘s conditi

splendor and luxury make a distant nation for rich people from all over the world i will mix with the tourists and take a look at the new but also at the old body luxury wellness and high culture is that something. interesting for young people well i'm going to find out and we also have these topics on today's episode. we'll be rolling out for a little excursion in the black forest give. our viewers video gives us a glimpse of the beaches of mexico. and we accompany the fiendish as he looks around liverpool in the event. of start off my tour with the classic areas right around town. good morning good morning valerie accustomed grandy. shall we welcome to baton barton thank you. italian city guide valley area because i could not be made in her new home 1000 years ago and now she knows every inch of the town and. we were always there now we're on linked in talent alley and. this was the place to be in the 19th century when barton barton was so well known and cosmopolitan. i'm hot and it's still a hot spot i was strolling at the new arts and culture spot for months on with you might say

datd rich -- richmond. a look at non-smoker activist and their context in other social movements.8:00 p.m. and lectures in history, a professor teaches a class about law and policies regarding at 10:00 p.m. on reel america, a 1996 fema training program city in which first responders describe what happened, how the response was organized, their successes and lessons learned. what's coming up here on american history tv. our last speaker is well known to all of you, gary is the third professor in the history of the american war ammar tus at the university of virginia and of ourg director co-sponsor, center for civil war the university of virginia. knowing that gary was about to retire a number of years ago and writingt, i have been just about every introduction for him the last few years as if last time we would see him in richmond.

but what about the rich guys who does nothing while i do the work?there are rich people who contribute nothing. >> and there are poor people who contribute the same. but most of the investing capital that buys the tools you use comes from your fellow americans. 40 >> us have money in the bank's 70 million of us own insurance policies. over 15 million of us invest savings and corporation stocks and bonds, which helps to finance industries. each year the people of america invests billions of dollars to create new plans and equipment. this invested capital buys the tools which make a man's labor worth more because he produces more. in china, for example, whether there is practically no capital available for investment in tools, a man's labor is not worth very much. it takes 10 days to move 10 gallons of kerosene 100 miles. an american railroad worker takes only two hours to move 100,000 gallons of kerosene one hedger miles at a free cost of one cent a gallon. but coolly makes $.10 a day. an average american where a walled worker makes $10 a day, or 100

take a closer look at e 2 trillion-dollar coronavirus aid package and diovered a tax break for he rich that was snuck into the spiltexas congressman lloyd doggett anrhode island nator sheldon whitehouse asked for the review. >>they say republican senators includ the billion tax break for the richest americans and white house as most democrats had no idea how cynical and wrong. >>in the midst of all this tragedy. it is to try toull off a stunt. like is. the provision allows tax breaks for the past 2 yes before the pandemic struck by doing great the stock market last year. >>they can offset. >>their games against people lawsuits, middle class americans got $1200 stimulus checks. congressn doggett says americans who make more than $1 million could get tax breaks of about one million each is designed pure and simple for a few big real este developers. vision of story can be 5 south dakota rublicacongressm dusty johnson says every democrat supported t aid pacge and democrats also got some of what they wanted for some of that week's unemployment you know not my favorite, yes daga and white h

green peppers, rich in vitamin c and a. pole beans, green, dried or canned. and swiss chard.hard can be used throughout the summer. garden has plenty of such green, leafy vegetables, turnip greens, mustard greens, spinach, all for winter use. that just about covers the holder victory garden. suchone of thousands of farm gardens. just a sample that you can match inmost any community america. policy,health insurance a savings bank. each a vitamin mine from which stuff more precious than silver or gold. but remember what grandpa says. no work, no garden. get what that means. work, no spuds. tank, nono turnip, no flying fortress, no victory. mind, all you victory gardeners, and work for victory! ♪[music] >> this is american history tv. c-span3. where each weekend, we feature 48 hours of programs exploring past.tion's america,, on reel f.d.r. and world war ii. produced by the franklin d. roosevelt presidential library and museum on f.d.r.'s involvement with key wartime issues. here's a preview. ♪[music] war. are now in this we're all in it, all the way. andy single man, woman chil

american country rich in precious minerals. and gold. it has seen steady economic development in the last decade. while the number who live under the poverty line has haul of to 20 percent of the population many still take desperate measures to make ends meet. gold one of peru's main mineral exports. for centuries miners have been picking the andes to pieces all with the same dream. carlos 1st struck gold 14 years ago. he used to work in the coffee and kick out plantations earning almost nothing. now he continues to work hard but the pay is better. almost $600.00 a month twice the minimum wage in peru. he decided to get his brother involved in the gold mining business and more recently his son and nephew as well. the small family works in an abandoned mine. the company that used to excavated left as the mine was not producing enough profit. normally go out. and say they're. done with thanks. each working day is filled with the rest of the mine is crumbling around them because a lot but if you're going to. work up a little. but i clean bu

the concentration of american wealth in a bonded government debt to the rich and obligation to the rich, all in federal rather than state hands. it is hard, they felt they were not getting anywhere sometimes. an interstate obligation to align with the interest of the rich. also, the financial interest in general and the social interest. it is a puzzle you are trying to put together, this system, to make it perfect or complete. you have the final click piece which is the concentration of military power in this same bonded debt. this combines a wealth with government, with force. actual, literal force. this leads to the idea of tax collection. pulling the country together and tax enforcement pulling the country together. there you have the basis i would say of the hamilton scheme. i think here, we might begin to see how some people at the time could consider this whole thing a bit of a scheme, a bit of a scam even. when i said he whole thing, i mean the american revolution, the war of independence. what is about to happen was the forming of the nation itself as a mechanism for in reaching

so what would you tell clients today, rich? >> well, look, clearly the fed's balance sheet has distorted market valuations, which are now divorced from the economic carnage we're going to experience over the next year. in fact, if you take unemployment right now, $26 million, going likely to $30 million out of an eligible pool of $160 million workers, companies are quick to lay people off, but very slow to bring people on. and that's going to impact eps the s&p next year, if you take this year's original estimate of 165, and just drop it by a generous 15%, you're going to be at 140 next year so on the s&p right now, we're going to be -- we're trading roughly at 20 times next year's earnings so the market today has really reflected a lot of the good news now, investors should remain fully invested, but at the same time, they've got to be cautious and starting to trim on the edges. >> well, i'm just wondering, then, jenny, is it counting on the market, that is, too much good news? i mean, it's interesting, okay i get weiss' point

in rich countries and poor countries.o get the global economy back into some kind of forward gear? we haven't really seen it in fighting the infection, in a way the world hasn't, in terms of getting the economy on the road again, will be see more cooperation? this is a huge question and those who believe the way forward is cooperation, people look back to history a lot and say, look what came out of the second world war, look at the multilateral institutions, the imf, the united nations, the marshall plan for europe, all these evidence that states understood that after so much destruction and so much loss, the world could only recover if everyone recovered. all for one and one for all. people are asking now, what will come out of this? will there be a big reset or will people continue to look inwards? will the walls go up? will people be in a race to the bottom in competing for funds and protective equipment? some of the signs are not good, but there is also light at this moment with people calling for global ceasefires,

the concentration and growth of american wealth in a federal, in a bonded government debt to the rich, an obligation to the rich, all in federal, rather than state, hands, which is what they were trying to do. it was hard and they weren't getting -- they felt they weren't getting anywhere sometimes. an interstate mutual obligation to align with the interests of the rich, the interest in the sense of interest payments on those bonds, but also the financial interests in general and the social interests. and now you've got -- like, if it's a puzzle you're trying to put together like in the system and make it perfect or complete is what perfect would have meant in the 18th century, you have sort of the final click piece is like the concentration of military power in the same bonded debt. so, this combines wealth with government with force, actual literal force. and this leads sort of to the idea of tax collection, kind of pulling the country together and actually tax enforcement pulling the country together. and there you have kind of the basis, i would say, of the hamilton scheme. so, i