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The committee will come to order. Thank you all for being here. Id like to thank the Ranking Member senator white house and the collaborator its great to be here and doing this together. I was just saying i told him that it would be nice to have the answers because hes a tough questioner and he will take you to task. Id like to thank the witnesses for your attendance and also highlight two empty chairs today which i say that he invited witnesses who apparently dont share your commitment to discussing the issues. One is for tiktok. If you dont know what tiktok is, you should. Its a chinese owne...

A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the param surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufacturin...

A bounce in the eyes and Services Data out today in order to save the market but today the i sense that his readings on the u. S. Services sector fell last month to its lowest level since august of 2016 coming in at 52. 00 expectations of 55. 00 Service Oriented companies employ the vast majority of americans and registered the weakest growth in september in 3 years business production new orders grew more slowly and employment levels were essentially flat so between the 2 numbers now the pair of surveys clearly point to a sharp loss in momentum the Services Side is much larger than manufactur...

Like china now with the trade war backdrop International Trade has been weak and u. S. Corporates are starting to see they hit their bottom line so now with the 2 main drivers of corporate profits both getting pummeled are we in for a round of negative q 3 earnings and furthermore is this the start of another economic contraction. And earlier this week we had an opportunity to catch up with steve professor of economics unpatriotic and the author of can we avoid another financial crisis we started our conversation by talking about the economic slowdown in china despite the burst the slowdown th...

American military history. And today were going to continue our conversation about the second world war. And specifically were going to look at an aspect of the war through the lens of industrial mobilization. Industrial mobilization is often understood as a key to allied victory in this war. It is often said the allies win because they outproduce the axis powers. Im sure many of us heard it, encountered it, youve read it, but one of the problems with that line of reasoning is that if it is simply amount of stuff that produces victory, at the beginning of the war the axis powers possessed more...