Markets

US leaders should approach current economic issues as a venture capitalist would, according to an economist from Chicago Booth

https://www.facebook.com/plugins/video.php Anil Kashyap of the University of Chicago Booth School of Business did not think the US was headed into a recession before the coronavirus pandemic. The professor, who used to teach a course called Analytics of Financial Crises, says you have to determine whether the businesses you are trying […]
US leaders should approach current economic issues as a venture capitalist would, according to an economist from Chicago Booth
Markets

Policymakers need to rethink the way we measure economic success in America, according to Clinton and Obama’s chief economic adviser Gene Sperling

https://www.facebook.com/plugins/video.php Gene Sperling served as chief White House economic adviser to President Obama and President Clinton. Sperling says policymakers should be aiming to create economic dignity for everyone as opposed to focusing on GDP targets. Sperling defines economic dignity using three pillars: the capacity to care for your family and […]
Policymakers need to rethink the way we measure economic success in America, according to Clinton and Obama’s chief economic adviser Gene Sperling
Markets

Scott Galloway predicts Amazon will be the fastest-growing healthcare company by 2025 and many US universities may never reopen, and he says the best time to start a business is in the depths of a recession

https://www.facebook.com/plugins/video.php The New York University professor Scott Galloway is deeply critical of companies that used profits during the bull market for stock buybacks, describing bailouts of such firms as “capitalism on the way up and socialism on the way down.” He told Insider’s Sara Silverstein that every large government program […]
Scott Galloway predicts Amazon will be the fastest-growing healthcare company by 2025 and many US universities may never reopen, and he says the best time to start a business is in the depths of a recession
News

Obama’s former adviser Valerie Jarrett talks about Trump’s ‘flat-footed’ response to the pandemic and advocates letting more people vote early and by mail

https://www.facebook.com/plugins/video.php Valerie Jarrett, a close friend of Barack Obama who served as a senior adviser when he was president, says that during the transition Obama’s staff tried to prepare to the Trump administration for the possibility of a disease pandemic. But Jarrett says that instead of being prepared, the Trump […]
Obama’s former adviser Valerie Jarrett talks about Trump’s ‘flat-footed’ response to the pandemic and advocates letting more people vote early and by mail
News

Award-winning chef Andrew Zimmern says restaurants are facing a near-extinction event and pinpoints the real problems in America’s supply chain

https://www.facebook.com/plugins/video.php The award-winning chef Andrew Zimmern is one of the founding members of the Independent Restaurant Coalition, which is working to help local restaurants survive the coronavirus pandemic. Zimmern says the food-service industry received only 9% of the federal Paycheck Protection Program dollars even though it made up 60% of […]
Award-winning chef Andrew Zimmern says restaurants are facing a near-extinction event and pinpoints the real problems in America’s supply chain
Markets

A top economic health researcher says the coronavirus reveals the biggest weaknesses of our healthcare system

https://www.facebook.com/plugins/video.php Economic health researcher Katherine Baicker says in the case of contagious diseases like coronavirus, it improves the health of the entire community if everyone else has access to healthcare. Baicker says the lack of coordination within the US healthcare system has exacerbated shortages because resources cannot be moved to […]
A top economic health researcher says the coronavirus reveals the biggest weaknesses of our healthcare system
News

Sean Penn’s nonprofit is providing drive-through coronavirus testing in Los Angeles — he and cofounder Ann Lee are creating a guide to replicate their efforts in other cities

https://www.facebook.com/plugins/video.php Nonprofit organisation CORE is working with the government of Los Angeles to provide free drive-through coronavirus testing and hopes to create a model that can be replicated throughout the country. The organisation is managing five testing sites in California and has administered 20,000 tests since the initiative began March […]
Sean Penn’s nonprofit is providing drive-through coronavirus testing in Los Angeles — he and cofounder Ann Lee are creating a guide to replicate their efforts in other cities
News

Obama’s former national security advisor Susan Rice reveals exactly what the US has done wrong in handling the coronavirus pandemic and where we go from here

https://www.facebook.com/plugins/video.php Obama’s former national security advisor Susan Rice says she left behind a 69-page pandemic playbook as a part of a full package to prepare the Trump administration for an outbreak but adds, “it wasn’t a priority for the Trump administration.” Rice says the US wasted two months before properly […]
Obama’s former national security advisor Susan Rice reveals exactly what the US has done wrong in handling the coronavirus pandemic and where we go from here
News

Many Americans will not have jobs to return to after the coronavirus pandemic ends, according to former US presidential candidate Andrew Yang

https://www.facebook.com/plugins/video.php Former 2020 presidential candidate Andrew Yang says many people that are being laid off during the coronavirus pandemic may not have jobs to return to. “We’re going to see something like 10 years of change in 10 weeks,” Yang adds, “right now this virus is the perfect environment for […]
Many Americans will not have jobs to return to after the coronavirus pandemic ends, according to former US presidential candidate Andrew Yang
Markets

Larry Summers says the US relief package would be hard to execute by the most competent government, calling the US government one ‘run like a highly opportunistic family real-estate business’

https://www.facebook.com/plugins/video.php Former US Treasury Secretary Larry Summers is worried about the execution of the US relief package that he says would be enormously difficult for the most competent of governments. Instead, he adds, “We have a government that is run like a highly opportunistic family real-estate business where people who […]
Larry Summers says the US relief package would be hard to execute by the most competent government, calling the US government one ‘run like a highly opportunistic family real-estate business’
Markets

The legendary economist who predicted the housing crisis says the stock market is probably far from the bottom — in a video interview from his bee yard

https://www.facebook.com/plugins/video.php Economist Dr. Gary Shilling says the global economy was already in a recession before the coronavirus pandemic started. Shilling expects this recession to run at least through the end of the year and says the stock market is probably far and away from the bottom. Shilling thinks one of […]
The legendary economist who predicted the housing crisis says the stock market is probably far from the bottom — in a video interview from his bee yard
Markets

The US is not headed for a depression and it makes sense to buy stocks at current prices, according to the chief strategist of JPMorgan’s $2 trillion asset management arm

https://www.facebook.com/plugins/video.php David Kelly, JPMorgan Asset Management’s chief global strategist, says it makes sense to buy stocks at current prices. He points out that stock prices have dropped 25% in the past six weeks and will return to those previous highs within the next few years, which he says gives you […]
The US is not headed for a depression and it makes sense to buy stocks at current prices, according to the chief strategist of JPMorgan’s $2 trillion asset management arm
Markets

Ian Bremmer breaks down Trump’s response to the coronavirus crisis — where he has been a profound failure and where he has been among the best in the world

https://www.facebook.com/plugins/video.php Eurasia Group president Ian Bremmer says in the face of the coronavirus pandemic, Trump been a profound failure in two ways. First, the president has been a communications disaster and provided false hope that led to a later start in social distancing. Second, he says the US did not […]
Ian Bremmer breaks down Trump’s response to the coronavirus crisis — where he has been a profound failure and where he has been among the best in the world
Markets

Nobel Prize-winning economist Joseph Stiglitz says US unemployment could reach 30% before the coronavirus outbreak wanes — and warns of systemic issues that could make any recovery slow and painful

https://www.facebook.com/plugins/video.php Unemployment could easily reach 20% or 30% as the coronavirus forces mass layoffs, according to Nobel Prize-winning economist Joseph Stiglitz. When the pandemic subsides, Stiglitz expects the US to bounce back from the extremes of unemployment, but does not expect a robust economic recovery. He points out that a […]
Nobel Prize-winning economist Joseph Stiglitz says US unemployment could reach 30% before the coronavirus outbreak wanes — and warns of systemic issues that could make any recovery slow and painful
Markets

Obama’s former economic advisor says Trump is ignoring the most important rule of virus economics — and warns the usual recession playbook is futile against COVID-19

https://www.facebook.com/plugins/video.php Austan Goolsbee, the former economic advisor to President Obama, says “the number one rule of virus economics is that you have to stop the virus before you can do anything about economics.” Goolsbee says after controlling the virus you need to provide relief so that nobody starves or has […]
Obama’s former economic advisor says Trump is ignoring the most important rule of virus economics — and warns the usual recession playbook is futile against COVID-19