wall street the better it will be pretty us economy so i wanted to go back and look at the charts to see the percentage of finance as part percentage of the g.d.p. and then compare it to how the us economy is doing well here's a chart that goes back to eight hundred sixty and that shows the finance sector is percentage of g.d.p. you can see that it peaked at six percent in one thousand twenty nine and then promptly the economy collapsed and then it peaked at eight percent in two thousand and seven two thousand and eight and as we know we have collapse but we've gone nowhere down to the mean of two percent as a percentage of g.d.p. because of the miracle of medicine and science station we now know that ninety nine percent of all tapeworms have jamie diamond's face. we know that we looked under the microscope of a tapeworm comes out of a strange thing of somebody's house or somewhere. and there's jamie diamond face picking up. or must i maintain for i'm a parasite doing more money because i'm a greedy i was born a greedy peacher disagree my parents are greedy no good mix i live for the

is still four times spigot us economy is way up here and there clustered together are china germany and japan way down here and in. only one fourth or one third the size of the u.s. so the u.s. only has to get a couple of percentage points or three percentage for that in china you can still call it eight or nine which are probably won't but for for for for it to be a long time arithmetic way you can figure it out before china catches up if it ever does you know regardless all the credit with china does face some major problems like gender inequality income inequality corruption and by mental issues could that undermine the growth well you know all of these problems and these these are the problems of china are talked about and written about in newspapers and magazines and speeches all over china all the time this is totally open china says that their biggest problem is the growing inequality the growing income gap between urban and rural. and the answer your question is no because it's so so openly talked about and we monitor it with our institute in india and we monitor all of the

economy well i think the currency problem is a very significant challenge to the us economy. and i actually think it's more and more of an important challenge than the reigning oil also in one of your latest articles you imagine you try to imagine a statement by hillary clinton addressed to china. piece of it so it's quite pressed of it writing as if you were hillary clinton addressing the chinese you see our mutual friends in asia such as the southeast asian countries and japan and south korea want to keep doing business like crazy with you but also want us to be a kind of con awaits so that they don't totally fall under your influence because we're no longer economically competitive our only counterweight tall is our military which we are anxious to you know to a guy with a hammer all problems look like nails but we don't really think you are a nail is just that we only have a hammer now that you have pretty much taken all the other tools no tools left really well the u.s. is suffering declining economic component to so we have a big trade deficit we are heavily in debt to

we see anecdotally from our tenants, that there is an uptick in the us economy. it is moving all will slowly but it is happily moving up. at the same time, operating expenditures are moving up just as quickly. that is a real challenge for us. the vast majority of our department is from operating surplus. that has historically ranged from a low of $6 million a year to a high of $14 million a year. over 20 million square feet, that's a very small number. that is something we continue to focus on. operating trends -- most of it has remained very steady and small growth, primarily in the commercial area i just mentioned. we have seen some growth in our maritime revenues, primarily from a ship repair, which i will talk about. that follows the restaurant retail and we have seen a modest amount of growth there. expenses continue to be driven by the same factors as always -- were quarters to other departments, and that service will be growing to pay for the new capital products we are financing on behalf of the cruise ship terminal and america's cup. i have included more

interest in having a great financial system the better we do here the better it will be pretty us economy but let's get something clear first of all they don't they don't make profits they are gifted money from oss the taxpayer in the same bers who take money out of our pockets and stuff it into his pocket but doesn't make money in the classic sense that he's competing he doesn't compete at all the too big to fail got too big to fail or they're bigger but they're not failing even other grander scale the competitions wiped out the stock called top position that's not even american what taliban group was jamie diamond from one frickin jihadi is he working for south anyway he says the better we do here i wall street the better it will be for the u.s. economy so i wanted to go back and look at the charts to see the percentage of finance as part percentage of the g.d.p. and then compare it to how the u.s. economy is doing well here's a chart that goes back to eight hundred sixty and that shows the finance sector as a percentage of g.d.p. you can see that it peaked at six percent in one thousan

useful assets or could generate employment generate growth in the economy but the politicians are so cowardly and so craven and they're bought off to you we need to say that that they don't want to go into these institutions even though they have the legal power now and restructure them so we're just going to muddle along you have more than half of the banking assets in the u.s. basically locked up inside the zombies so that means the economy is going to drag all right chris whalen rata time thanks for being on the kaiser report my pleasure take you back right now is going to do it for this edition of the guys everywhere with me max geyser and stacy herbert and were they my guest chris whalen going to send me an e-mail please do so at kaiser report r.t. t.v. dot ru until next time x. guys are saying value.

and load student loans become a ticking time bomb for the us economy with more american college graduates ending up on employed and indebted for life. what you want from moscow i'm marina joshua into the program starts another day was out government after wrangling politicians continue to fail to agree a coalition after last sunday's elections the leader of the second largest party has refused to join an administration which pledges to stick to the country's bailout agreements with the e.u. and i.m.f. if a last ditch attempt to form a national unity government fails new elections will follow greeks are deeply divided over harsh budget cuts which came as the price of international cash injections the e.u. has already warned that money will continue to flow only if athens sticks to agree to steady measures the german finance minister has said the eurozone will deal with the greek exit from the single currency should it happen market bogan reef crisis management firm partners says the blog is now trying to save face as turmoil is unavoidable. what they're basically trying to tell the world t

everyone in egypt is hoping that the economy will pick up pace and with tough economic growth so closely tied to tourism after the stop was to meet a woman he could give us a question cause into exactly what's happening to egypt's economy right now come two thousand and eleven. theoretically we would have continued to grow and along the same slow that's what should have happened. and then there are in most countries worldwide when the russian happens this is what happens you have a dip in g.d.p. and then it goes even faster than it was going to go before the concern of having this ended up having something more along the lines of that. with a maybe go at that and maybe grow that set of you decide as whether we manage this versus that and where does it need to be ideally we'd need to stabilize and stabilize fast and at least recover the some percent growth we had originally with the aim of reaching that ten percent growth within the medium term which is three to five years. and how big the first is tourism in the economic model tourism will be instrumental you have to keep the proceeds and you have to change your approach tourism i mean it needs to have b

the second is optimism about the us economy. erika miller, "n.b.r.," new york. >> tom: still ahead, our "made in america" series, we head to san francisco to meet a few women runng a custom hat company that's almost 100 years old. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: it wasn't so much europe today that hung over stocks, but the american economy. a set of disappointing readings on the job market, accompanied with a regional index of factories weighed on wall street. manufacturing slowed in the midwest for the third month in a row. the chicago area institute of supply management index showed was down to 52.7. any reading over 50 shows growth but this is the slowest growth since the fall of 2009. the dow fell more than 26 points. the nasdaq was down ten. the s&p 500 was off three. tomorrow, we will get an update on the u.s. job market. but ahead of the government's employment data, we saw three disappointing reports today suggesting hiring is still sluggish. sylvia hall breaks them do

repeating the same garbage this will be great for economic growth because single handedly sent the us economy straight into the gutter he literally crash landed and blew up the u.s. economy ok with his deficits his wars and everything else so i'm shocked this is a joke in my opinion who are told this guy that this would be a good idea is remarkable it's obvious to some it's a mole inside the bush family organization no i think it's probably some. publisher that's going to that's going you know the bush tax cuts are going to be really in the news because they're set to expire and this is going to be a huge debate that everybody's watching so maybe if you write a book you can kind of you know get some leverage on that topic and get some book sales horrible because we're ok that's true well this is a home for the this whole over the that's a b. because of the taxes that are the problem. and these were paid for what does that mean that it not be paid for tax because not paid for that's that's that's that's you know that's the left's lingo oh my god i am not hot enough to handle how do you have ta

but in these difficult economic times, they provide a certain component to the economy which allows us to innovate and grow at a rate that we otherwise would not. in short, immigrants of all types unaverage are net contributors to the economy, help the actual pie grow bigger, provide more of a pie to split among us all and in turn try to goose innovation in a couple of unanticipated ways. so first, kind of three big points. immigrants are a net contributor to the economy. it is easy to be distracted by the fiscal analysis which is about tax revenues and expenditures. entire categories of people at a certain phase in their life and a certain period in their economy are net users of tax resources. as it happens since we're running a big federal deficit right now, we're all net users of resources. if you add us you will up together, we're not producing enough revenue to cover the expenses of the government. people that are older, children, those are categories of people who are net drains on the economy. that's a fiscal analysis, not an economic analysis. so point number one for your frie

economy places in my neighborhood. there are new companies launched every week. this is just a small sample, some the leaders in san francisco. jay, give us some background on the sharing economy working group and how you think it benefits san francisco, including underserved communities. >> it is historic we are being thoughtful, looking forward in shaping the policies. mayor lee and board president david chiu and the supervisors announced the sharing economy working group. the idea is to look at the issues at play as well as understand the benefits of the sharing economy, whether environmental or economic. you can see with the companies that there is tremendous dahlia to society. it is getting ahead of the curve so that we're not applying outdated rules to a new approach. earlier legislation did not imagine some of these companies. who would have thought there would be peer to peer car sharing. it is transformative. we have a role to play from a city hall perspective to nurture and understand the space better to resolve some of the tensions. >> cars sharing is interesting. cars in america are iconic. we identify the good life with them.

us. the economy -- banks ha had some criticisms. there hass been no distinction between wall street and main street. we a main street bankers. we takake in excesss deposit and nding them out to small businesses and medium-sized businesses to hire americans. >> i always thinkusinesses that get involved in the community should b be recognized. you cacan see all the top businesssses recognized for some many different ways. thank yofor r joining us on "wasashington business report." there is more ahead. our roundtable is nenext. >> welcome back. we are going to start with a look aphilanthropy fm another angle. a stape of springtimeme on the washington social calendar. pamela s sorensen, the fourth behind pamelasaspunch.com, and sahihil kur from talkingpointsmemo.com who has been keeping up with all of the job numbebers and things keeping people focuseded onhe presesidential campaign. pamela sorensen, i am going to ststart wi you. we have beenalking aboutut how businesses arerying to stay involved in planthrop. tell us out the challenge

that brings us to the us economy. people say the following about the u.s. economy even though growth in the first quarter was less than it was before. they say there is recovery under way and the thing that could threaten it are two: one, some huge implosion in oil prices and b, something incredible happening in europe that would have an adverse effect on us. do you accept that? >> i think that we do probably have a slow process of healing going on in the u.s. economy. but slow. so i... we have built very few houses for six years. so we have a backlog. >> rose: why? >> housing? hard to know. there's a question about prices but there's a question about construction. i think both are if not at bottom close to. and you can see that there's probably... there's a pent-up potential demand for housing so if we start to have even modest improvements in the job market then 28-year-olds stop... are able to move out of their parents' houses, start buying or renting, you can have a virtuous circle where housing starts to recover and drives the economy. household debt.

us. india's economy is expected to grow by some eight per cent annually over the next three years.uch impressive growth needs vast amounts of energy. but most emerging markets remain so focused on growth that switching from oil, gas, and coal to renewable sources seems less important. but in northern india a regional energy provider has decided to invest in pioneering technology. a bio-mass power plant is getting a second lease of life out of plant residues. here's how the region of rajastan manages to take green energy production into its own hands. >> it takes more than one try to unload this truck. it's packed full with chaff from surrounding farms. but the truck isn't dropping its load at the dump. it's dumping it at a power plant where farm waste becomes valuable biomass. it's harvest time in the southeastern part of india's rajasthan state. farmers are cutting mustard plants -- one of the few crops that grow on such dry lands. for mohan chaudhary and his family, mustard plants mean financial security. >> we're now harvesting mustard that we sowed some four months ago. we sell

i would like to clarify -- this is not us versus them, new economy versus old economy. there is room for both of us. these are complete the experiences that someone would have in the old economy. the trick is figuring out what is different about this, making sure laws and regulations and policies apply reasonably to this new economy, and make sure that there is room carved out for both. >> thanks for making that point. one more question? >> [inaudible] i'm curious if this conversation about companies devoted to schering physical space. the idea of using or facilitating, seven commercial space for nonprofits and that sort of thing. [inaudible] are there any modalities for sharing their? >> the question is there's a lot of vacant commercial space that could be mobilized for civil society, so is there a way to do that? >> i know of one company, loose cubes. i'm sure there's others that many of you know there. >> i see mark in the audience there. do you want to explain what liquid space does? i think it answers the question, actually. >> [inaudible] [laughter] >> mark really

president's health care locket it makes our economy worse by making it harder for small businesses to hire more workers the president claims to be leading us ford, but he has stuck. instead of working with the republicans to restore the economy, the president is ignoring the tough truces and trying to distract from the real issues. when the house recently passed legislation to prevent student loan rich from dublin, the president claimed that, by targeting an obama-care slush fund, the republicans were slashing support for women's health. independent news organizations quickly debunked these allegations. what's more, the president has twice cut money from this very same slush fund. most recently, in his own budget. this is just further proof that he is politicizing this issue to distract the american people. the challenges that young men and women face in this country need to be addressed, not exploited for political gains pared like any mother, i want to know that our kids and grandkids will have even greater opportunities than we had and that the free and prosperous america that we grew up in is still going to be there for them. that is w

i would like to clarify -- this is not us versus them, new economy versus old economy. there is room for both of us. these are complete the experiences that someone would have in the old economy. the trick is figuring out what is different about this, making sure laws and regulations and policies apply reasonably to this new economy, and make sure that there is room carved out for both. >> thanks for making that point. one more question? >> [inaudible] i'm curious if this