by my guest richard wolffe in new york is a professor emeritus of economics at the university of massachusetts amherst as well as the author of the recent books understanding socialism and understanding marxism and in chicago or which he has a chief marketing strategist bubba trading all right gentleman stop rules in effect that means you can jump in time while i was appreciate tom let me go to you as you just heard in my introduction you know the. we have an ongoing deep recession i think as of this morning the i.m.f. came out with their global projections and a contraction of about 5 percent locally the us s. and do a whole much better the industrialized world is more or less in the same position at the same time as they say you know we have the wealthiest among us reaping in enormous revenues and profits here and the unemployment depending on who you want to look at it from 13 maybe 17 percent and that's not going to go away any time soon so what's really happening with the the economy or it's a recession deep recession for many and it's a goldilocks time for some. i think when you look at the over

my guest richard wolffe in new york he is a professor emeritus of economics at the university of massachusetts amherstas well as the author of the recent books understanding socialism and understanding marxism and in chicago or which he has a chief marketing strategist bubba trading all right gentleman rules in effect that means you can jump in time you want and i was appreciate time let me go to you as you just heard in my introduction you know that we have an ongoing deep recession i think as of this morning the i.m.f. came out with their global projections that under a contraction of about 5 percent locally.

by my guest richard wolffe in new york he's a professor emeritus of economics at the university of massachusetts amherst as well as an author of the recent books understanding socialism and understanding marxism and in chicago or which he is a chief marketing strategist bubba trading all right gentleman rules in effect that means you can jump in time you want and i was appreciate todd let me go to you as you just heard in my introduction you know that we have an ongoing deep recession i think as of this morning the i.m.f. came out with their global projections that under a contraction of about 5 percent locally the u.s. doesn't do much better the industrialized world is more or less in the same position but at the same time as they say you know we how the wealthiest among us reaping in enormous revenues and profits here and the unemployment depending on who you want to look at it from 13 maybe 17 percent and that's not going to go away any time soon so what's really happening with the the economy or it's a recession deep recession for many and it's a goldilocks time for some. i think when you look at th

university, only about tee quarters of u.s. colanges have a pl what schools to side effect more than just classrooms and campusesit is also felt throughout college towns like amherst, massachusettsmherst college, hampshire llege, and the university of massachusetts, amherst, which i kn umass. in a normal fall, their combined enrollment would double the population of the town. in june, umass announced that all students could return to campus when the fall semester begins later this month, even if all their classes woul be a system is in place for students to self admr coronavirus tests twice a week and they must pledge in writing to wea masks in public, not lad -- gather in large groups, and maintain social distancing. the umass chancellor -- he stepsout with all we were taki in terms of testing and contact traci and all th precautions and be in the precautionsthecommended by could safely invitents we back. john: some year-round residents disagree. >> when we started to see with the university plans where in their first communications, it was alarming. john: robin asked people to sign a petition that says returning students will increase a risk to our communities. a big concern,

university's college crisis initiative, h tracks higher education's pandemic response, only about three-quarters of s. colleges have a plan. what schools decide affectsre han just classrooms and campuses, it's also felt throughout college towns. like amherst, massachusetts, home tamherst college, mpshire college and the university of massachusetts amherst, which is kn "u- mass." in a normal fall, their combined enrollments wld double the town's population. in june, u-mass, by far the largest of the three schools, announced that all students could return to campus when the fall semester begins later this month, even if all their classes >> you are going to take this apart without touching it. lower you mask and put it into your nostril. pl>> yang: a system is in e for students to self-admister coronavirus tests twice a week. they must pledge in writing to wear masks in public, not gather in large groups and maintain soci distancing. u-mass chancellor kumble subbaswamy. >> we thought that with all the steps we were taking in terms of testing and contact tracing d all the precautions, well beyond the precautions recommended by the c.d.c. and so forth, that we could safely invite the students back. >> yang: some year-round amherst residents disaeed. the uni