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Thanks so much for coming. It seems particularly appropriate given the subject of todays lecture to encourage you to pretend as if you are in church and to move in, scoot in if you would, to give folks who are, not necessarily late arriving, but people who are fashionably on time room to sit. I should say that this answers an ageold question for me. Which is, if there is anything that can depress the turnout for a lecture, i think we have the answer. Which is no. It was raining cats and dogs a few minutes ago. And i wondered, will there be people there . And sure enough, here you are. I tip my cap to all of you, you are in for a treat this evening. My name is andy graybill. I am the director of the clement center. I would like to thank the many people who helped make this evening possible. Thanks to jeff, who directs the cph. Especially for those people who have coordinated all of the logistics. During my first semester at the clement center, we received an anonymous 500,000 gift in ho ....
Billion in a targeted way somehow, but none of that has been deployed yet. There seems to be a willingness to wait and see, and wait for Pharma Companies to come up with solutions to the coronavirus testing and so on. Meantime, markets are selling off in terms of equities, and all that money seems to be flowing into bonds. Then we have the opec story as well on the side. ,ight now we are off our lows but down on the s p 500. No solace in the fact that we seem to be seeing deaths and cases decrease in china, and lots of fear out there. Airlines canceling more flights, and just continued, i dont want to say panic, but it feels like a tinge of panic in the air. The 10 year yield down to 64 basis points earlier on. Right now we are at 75 basis points. It seems like it was only the other day, because it was only the other day, that we were at 1. 30 , and been completely taken by surprise that this was below the alltime previous low. ....
Think we have the answer. Which is no. It was raining cats and dogs a few minutes ago. And i wondered, will there be people there . And sure enough, here you are. I tip my cap to all of you this evening. My name is andy graybill. I am the director of the clement center. I would like to thank the many people who helped make this evening possible. Thanks to jeff, who directs the cph. Especially for those people who have coordinated all of the logistics. During my first semester at the clement center, we received an anonymous 500,000 gift in honor of the governor who had died earlier that year. The donor wanted to hear our ideas first about how we put those funds to use before they were transmitted. Naturally, i proposed that this money be applied to my mortgage. [laughter] he passed. The benefactor liked much more the idea that we use the money to convert one of the junior postdoctoral fellowship lines to one that would support an invited senior scholar. That would cost more and they are ....
I should say that this answers an ageold question for me. If there is anything that can depress the turnout, i think we have the answer. It was raining cats and dogs a few minutes ago. I wondered if there would be people there and i tip my cap to all of you this evening. And the director of the clement center. The manyike to thank people who helped make this evening possible. Rhonda whoeff and have coordinated all of the logistics. During my first semester, we received an anonymous 500,000 gift in honor of governor bill clemens who died earlier that year. The donor wanted to hear our ideas about how we put those funds to use before they were transmitted. Naturally, i proposed this money be applied to my mortgage. He passed. They liked much more the idea that they use the money to convert one of the junior postdoctoral fellowship lines to one that would support a senior scholar. They cost more and they pry away from institutions. Toh that settled, i turned my associate director for sugg ....
Thats important to all of us that are here and so many of our colleagues. Information is power today, and we see it all over the globe when its used improperly it is used as a weapon. Democracy requires wellinformed electorate to function properly but to undermine the principle through socalled Disinformation Campaigns designed to mislead voters and in doing so delegitimize the democratic elections. Actors like russia systematically exploit the media and to distort the truth to an unsuspecting populace with regards to the coronavirus and this information is being spread is a high degree and anonymous and again if left unchecked it could be devastatingly effective. I established this organization it could help lead to the global disinformation effort and work with International Partners. The Bipartisa ....