in fact, a penn-wharton budget model and that analysis of the president's proposed projects, the proposed stimulus would result in a decrease in both g.d.p. and wages in 2022 and over the next two decades. while inflation has been subdued in recent years, we shouldn't let that lull in inflation lull us into a false sense of confidence that we can spend with impunity, with no consequences. we are in unchartered waters with debt held by the public exceeding the size of our economy and trillion-dollar annual deficits. moreover, as economist john greenwood and steve heinke, professors of economics at johns hopkins, recently warned -- quote -- the money supply will grow by nearly 12% this year. that's twice as fast as its average growth rate from 2000 to 2019. it's a rate that spells trouble, inflation trouble -- end of quote. without another round of stimulus that we're going to be debating in the next few days here in the united states senate and probably passing before the end of the week. concern of inflation has been dismissed by the white house and by the federal reserve. this sounds too

video shows the wharton county deputy walking toward a car on tuesday that had been involved in an earlier accident. the truck crashed into the guardrail before comingst wreck. the deputy jumped a few steps back when the truck hit, and no one remarkably was hurt. >>> the suez canal is blocked, and the family of new york's governor may have received priority in covid testing. those are some of the headlines on the "morning newsstand." "the washington post" reports new york governor andrew cuomo's family was given special access to coronavirustration arranged for a top state doctor and other health officials to administer tests at the homes of family members and other well-connected people. the homes included his brother, cnn anchor chris cuomo who was diagnosed last march. administration officials say home tests were provided to members of the public in communities hit hard by the pandemic. >>> "the new york times" says president biden and first lady jill biden marked equal pay day at an event featuring soccer star megan rapinoe. the president signed a proclamation acknowledging equal pay d

interview series at edith wharton's country estate and i would like to come here in the berkshires in august preferably her work has appeared in cosmopolitan el the new york times slate and vogue among other publications, and she and rebecca both live in brooklyn. and rebecca is the author. both of these books are spectacular. i just want to add my editorial opin. um, rebecca is the author of all the single ladies unmarried women in the rise of an independent nation. she's a writer at large for new york magazine, and she's going to be covering the election. so if you have any ted cruz gossip that you'd like to pass on i suggest you do it now. she's a contributing editor at l a national magazine award finalist. she's written off and about women in politics media and entertainment from a feminist perspective for the new republican salon, and it's also contributed to the nation the new york observer the new york times the washington post vogue glamor and murray claire and her first book was called big girls don't cry which was about women and the 2008 election. it was a new york times no

joining me from the us is peter cappelli who's professor of management at the wharton school.e, it doesn't mean anything at all. i looked to see if anyone has used that title before, and i think the answer is no. it's not clear what it means, frankly it's not clear what is going to do in thisjob either. without being too cynical, is it a made upjob? what is the point of this, do you think? it looks like public relations to me. you are selling result, particularly such companies, and he brings a lot of sizzle to the picture.— and he brings a lot of sizzle to the picture. what kind of sizzle does _ to the picture. what kind of sizzle does he _ to the picture. what kind of sizzle does he bring? - to the picture. what kind of sizzle does he bring? we i to the picture. what kind of. sizzle does he bring? we know he cares about this issue very deeply, he had a tragic history himself. , , ., , ., himself. this is a company that does coaching _ himself. this is a company that does coaching for— himself. this is a company that does coaching for managers - does coaching for managers mai

of no army and russian authorities linking his assassination an attempted murder poisoning to mr wharton i would like to see that but if we take the parallel with. there has been criticism from some in the united states that the crown prince mohammed bin solomon was not actually directly punished as a result so even though fingers are being pointed at prince haven't been some he hasn't actually received any direct punishments direct sanctions do you not think that this even if the international community says ok volunteer putin's responsible but still going to be an unwillingness to actually do away to any individual punishment. well i think there's only so much that even the most powerful country in the world the united states can do about it is 2nd in command in a culture lake so here it is probably a lot worse than in russia but i think the important thing is establishing the truth. directly who was right that was inning of alexei welnick and once that sure is established. you know what you talk about saying actions we can talk about other measures but truth comes 1st ok sure of cours

levels places where you have high african-american populations where you control the city council the wharton ship the mayors the county commissioner so on the so forth you're alderman you can make change on that level so there has to be a focus going forward because we have we were told the current federal government and the state governments that are run by the same don't see crowds that have no interest in police reform robert i couldn't agree with you more about that but your assessment of that is as perfect for this thank you for joining us today and breaking down you know what the early stages of this trial we hope to have you on again to really dig into this and sadly i do what we saw brianna taylor and trayvon martin and all of them i don't have high hopes for the outcome of this drought but we can keep our fingers crossed and keep fighting thank you so much for joining us today. and. for those of us north of the equator summer is just a few months away and was summer come swimming and who doesn't love the dying of the mere swimming pool or lake on a summer day well tragically however

days ago the wharton school at u penn updated its analysis of biden's tax plan and found they will retract the economy through 2050. earnings will also go down. democrats have a lot more tax tricks up their sleeves. they are seriously considering a mileage tax. how many miles you drive. that's going to be great for rural and suburban americans. a gun and ammo taxes being considered. and of course their old standby, the carbon tax. >> what i would recommend for the united states that hopefully we will in the years ahead go in this direction is simply to put in place a carbon tax. >> putting a price on carbon can be done to the whole bunch of different ways. >> do it the progressive basis. >> laura: perhaps the most insidious aspect of biden's tax agenda is his plan to destroy the ability of many americans to build intergenerational well. when most americans hear estate tax, what do they think? is just for rich people. who cares of their kids get to inherit a lot of money. well, this is wrong on two fronts. the government has no fundamental right to regulate who can inherit the assets or mon

nuclear modernization is wharton. must have a nuclear. the purpose of our weapons assistance is to stop nuclear war. the technology and sis, -- exists, him whatever -- we have to have a different -- deterrent so that nobody thinks that they can launch any weapon without paying a cost. my big beef is that i do not think we need 5000 nuclear weapons to accomplish that. i leave -- i recently took over -- senator hoff and i are not that much alike. the respect i have for him has grown and are mostly in working with him. i do not agree with him and congressman rogers on this issue. their argument is, it basically goes like this, we have to defend ourselves against nuclear attack. is the core, most important mission. therefore we have to spend $1.5 trillion in nuclear weapons. but put -- is it really necessary to have a deterrent we are breathlessly told that within the next decade they're going to double that amount. i was a poly sigh major. if they double it than that means it will have slightly less than 400 nuclear weapons. we have 4000 wea

our lives and you have the stimulus now passing yesterday and here's jeremy segal today from the wharton school and his optimism. let's listen when i see the amount of stimulus come, i can see another 10% rise in stock prices and 10%, 12% this year and then the fed gets more worried and the leveling off 2022, 2023, but this, we're still in the phase where the liquidity will push stocks over and we'll get the fears that are coming through, but it will be overwhelmed, i think, by the strength of the economy and rise in corporate earnings 10% left in stocks and you'll go 4400 on the s&p 500. >> yeah, well, that's a very interesting comment and it's just cyclical and value stocks that will outperform this year for the market to go up 10% to 12% you must have participation in the tech, communication and amazon those two groups plus amazon represent over 40% of the entire s&p 500. there is just want enough market cap in the cyclicals to get the market to go up that much, 10% or 12%, and if you look at the numbers, and i think this is important because people throw around these expressions all

flapper does not ingratiate you with people like gertrude stein, cole porter, ernest hemingway, edith wharton and a plethora of other serious artists working in france were visiting in france during this time. so she begins painting. early pastorals are her initial foray. these are being done as scott is finishing edits is a 28-year-old boy for "the great gatsby." fitzgerald believes the best vehicle for bringing zelda's painting to the public is to have a joint press run with the of his new novel and zelda's first paintings being sold on exhibition in new york city. scott's novel is not well received by the critics, it only sells 2000 copies, and zelda's paintings are rejected as being the work of an amateur playgirl sort of painter. the tension in the marriage is the result of zelda's quitting painting professionally, but continuing to dedicate many hours to artwork at home. for example, in the museum, and these are from a collection at yale university, we have the earliest known paper doll zelda ever produced. these were multimedia paper dolls and were done as gifts for children, or just f

university of new york birmingham excuse me bringing him and a fellow american academy of nursing, fellow wharton program management for nurse executives and the johnson executive nursepr fello. thank you for the important work you are doing and on behalf of north carolina and nurses across the country during this challenging time i look forward to hearing your perspective from the frontlines against the pandemic t. >> now moving on to testimony doctor shah you may begin your remarks. >> good morning. german very members of the committee thank you for your leadership providing me to share my observations on the covid-19 response to date. this pandemic is far from over we need to stay the course using every tool to end it. we are tired of the pandemic that more than 500,000 americans in our state of washington that means 5000 washingtonians whose lives have beeneiv lost we stop a long way to go the pandemic is the inflection point of sustained change to protect the safety of all americans. i have responded to countless emergencies over the last 20 years including hurricanes and tropical storms com

professor of finance with the university of pennsylvania's wharton school jeremy, you've got an interesting to? >> i think that's more fuel on the fire so to speak last night i ate at a restaurant inside first time in a year. more and more people are going to be doing that it was a great feeling you know, there's this pent-up demand i think this economy is going to do great before this bill and now there's more money, but particularly i pointed out for nine months how much money, record amount of money in the system that's got to go to financial assets and i do believe much higher inflation and higher interest rates, but i think stocks will be able to surround these higher interest rates even though there will be pressure on the fed, hey, when are you going to start to slow down this higher inflation but the biden administration wants this economy to run hot. there will be a lot of political pressure to let it do so >> let's break that down a lot of different ways. to this point a lot of people have thought if bond yields rise that is going to mean that stocks will go down, bonds will look

about what's possibly ahead, jeremy siegel professor of finance at uniuniversity of pennsylvania's whartonll in you think that maybe the stimulus counteracts any of the head winds from the higher taxes with the market ending up for the year but not gang busters but maybe 10% even after these gains we've seen for the past year >> right the stimulus is unprecedented. it's too much, in my opinion, because i do think there's going to be a lot of inflation this year far and above the fed target i think this is basically good for corporations will have a lot of pricing ability, control, and prices and demand will be there profits will be high biden administration is going to take away some of those in higher taxes i definitely think this week we'll get a biden announcement of the infrastructure bill with the tax hike he's not going to get all of them but he'll get about half of them but the corporate profits are going to be so good that i still think stocks are ending up this year >> so you figure that compromise that we've been talking about on corporate taxes, 25% gets done you think that actu

in fact, a penn-wharton budget model and that analysis of the president's proposed projects, the proposed stimulus would result in a decrease in both g.d.p. and wages in 2022 and over the next two decades. while inflation has been subdued in recent years, we shouldn't let that lull in inflation lull us into a false sense of confidence that we can spend with impunity, with no consequences. we are in unchartered waters with debt held by the public exceeding the size of our economy and trillion-dollar annual deficits. moreover, as economist john greenwood and steve heinke, professors of economics at johns hopkins, recently warned -- quote -- the money supply will grow by nearly 12% this year. that's twice as fast as its average growth rate from 2000 to 2019. it's a rate that spells trouble, inflation trouble -- end of quote. without another round of stimulus that we're going to be debating in the next few days here in the united states senate and probably passing before the end of the week. concern of inflation has been dismissed by the white house and by the federal reserve. this sounds too