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Of the white house counsel of economic advisors and joins us now. with this job number that came out today, you get the idea that things are looking really good, but take a look at this in terms of inflation and what the american consumer is feeling. groceries up 20%, gasoline up 45%. energy costs of 38%. consumer prices up 19%. credit card debt up 44%. real average hourly earnings down 2.63%. so when the president touts bidenomics and says everything is great, do you understand why people at home aren't feeling it yet? >> well, john, we know we have one of the most persistently strong labor m...

Welcome back. one of the key questions surrounding the conflict in ukraine centers on the economy. will russia, one of the world's biggest suppliers of oil, keep it flowing to the west? nbc's tom costello reports. >> if you pump gas or pay a heating bill, you're already on the economic frontlines of the showdown in ukraine. home heating oil up 56% in a year. gasoline now averaging $3.51 nationally, up from $2.63 a year ago. >> already expensive and now it's like outrageous. >> i would spend maybe about $100 or so per week, but now i'm going up to about $200 per week. >> a strong economy and in...

THE STANDARD By Andrew Kipkemboi | February 8th 2021 at 00:00:00 GMT +0300 “Mass failure!” screamed the national dailies last week. The results of tests taken by two classes - Grade 4 and Standard 8 - that reported back after the Covid-19 pandemic, make for depressing reading. Obviously, this will call for serious soul-searching and hand-wringing in the education sector. Ten years ago, reports that Standard 8 children could not do basic Standard 2 arithmetic or Standard 6 pupils could not string a simple sentence, caused an outrage. Then, the blame was heaped on the discredited 8-4-4 s...

What did joe biden need, 62%, he's going to get it with what's left in fulton county. the question is when you look at the top line margin, 23 votes ahead, 10, 11,000 votes, what does he get from what's left in dekalb. 5% left. what about gwinnett. 5% left. what does he get in you come down here into savannah. there's a lot left in savannah right now. a little bit closer margins. what does he get with what's outstanding there. i think the biden campaign would be thrilled if he could hit 80 across the board. can on net he hit 62/63% in what's outstanding. the answer based on where the vote is o...

Necessarily. about the budget deficits and so forth. chris, my view and i believe the view of the administration, we are going to point a steady path towards lower federal spending and federal borrowing as a share of the economy. share of gdp. it lowers the burden -- spewing the deficit increased an enormous amount in the first couple months of this fiscal year i think 70 percent. >> will run about four and half to five percent gdp. it's a very modest number compared even with recent past and -- spewing $1 trillion. >> perhaps obit the economy is $20 trillion. net worth today, household net wo...