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yes. trump s former lawyer and fixer, michael cohen, joins me live onset. it cannot be different rules for different people in this country or in this state. former presidents are no different. senator elizabeth warren on the depth of the fraud, and former u.s. attorney harry lippman on the possible charges facing the trump family in their business. plus, breaking news about trump stash of classified documents. all in starts right now. the good evening from new york. i m chris hayes. today new york attorney general letitia james filed a lawsuit alleging what was already obvious to anyone who was ever paid attention. donald trump is a crook. in more than a 200-page filing, james accuses the ex president and his oldest children, don junior, eric, and ivanka, his company, and some of its top executives, of a long-standing scheme to commit fraud. inflating the value of his properties in order to get more favorable deals from banks. here s how new york agent james pu ....
Attacking covid, by attacking the supply chain problems. we deal with them by pushing on the corporations and calling them out for price gouging and even prosecuting them if they break the law. but not by continuing to use extreme increases in interest rates that are going to put people out of work. we have to remember, high prices, yes, very painful. but do you know what s more painful than high prices and low unemployment? it s high prices and high unemployment. that s where i am afraid we are headed. the soft landing is what everyone wants, which is inflation comes down, whether to a mix of interest rate hikes, and the kings work editors system, growth remain stable, labor markets remain robust. the nightmare scenario is stagflation where they hike and i can hike and we also get massive unemployment. the prices stay elevated. ....
Eugene, austin, thank you both so much. we ll leave it there. the markets set to open in the next 20 seconds. this comes after the dow closed 460 points down yesterday. and i want to bring in correspondent dom chu. dom, is this about the omicron variant? is this about jay powell? what s going on? to eugene and austin s point in the last few points this is all of these different things put together. what s curious about the market action right now is that this is very much about a market trying to figure out what exactly the impact is going to be. now austin mentioned that the white house is not on the same timetable and economists are not on the same timetable as many of these developments but traders are trying to price this in real time and that s why you re seeing the volatility. what you re seeing today is a move back towards perhaps a little bit of more tempered response to what s happening, given president biden s plans to announce some of those winter strategies for attacking ....
What would be your advice to the government on the Budget? I would say keep the direct taxes stable, please do not change them. Please go easy on protectionism. There will be a huge demand from sectors getting production linked incentives to get say another 20% import protection. If the government accepts that, we will be going in the wrong direction, especially in some of the new sectors like textiles. I do not think one is going to attract massive investment and so giving massive protection is going in the wrong direction. Don’t make India a highly protectionist economy because the first lesson of economics is ultimately duties on imports become tax on exports. ....