you mentioned the schiller index which averages 20 years of earnings. if you think there's going to be a global pandemic every 20 years, if you think there's going to be housing led great recession every 20 years then stocks are pretty expensive. we don't have the opinion into us the forward multiple which is half of the schiller level 20 times earnings is more indicative for the market price. jack: you have an eclectic portfolio. you mentioned the financials and energy, you also have disruptors like netflix. one of the hallmarks of a company that makes it into your portfolio, your clearly not sector focused. >> we like a company that is compatibly advantage that allocates capital while and based on the stock price that they're selling out today, we think it's selling at a big discount to business value. a name like netflix that you mentioned may look expensive selling at 61. it's a number we don't think has much relevance. what we think is important when they add a subscriber we believe that as $1000 to business value either adding 25 million a year, t

you can always do that with wendy schiller. to say she is of brown university barely describes her contribution to the discourse of american politics. i want to go to david morales, the youngest graduate in the history of brown university's acclaimed public affairs masters program. david morales' mother picked vegetables, and he ended up with a prestigious degree from your shop. he is a represented from the seventh district of rhode island. he speaks senator warren speak. he speaks senator sanders speak. what happens to the futures of liberals in america and that five or 10 years in the democratic party? wendy: i wouldn't call it all out war, but there is a reckoning coming with the party because the party needs higher turnout among people who we used to say were young, 18 to 25 or 18 to 29, but that generation is now 35 years old. it is not just young people. and they need people to vote, and that core of people is highly decided fight with leadership, and they believe government should do more to take care of basic human need

i mean, wish the one i knew what a lot ma schiller, he's a senior crew psychiatrist or to i. yes. those are some of the machine. one was a brand new to like no bonus. telegraph minish. i bet that you more than that. that's the problem. when machine, it's a problem with which i could go to godaddy and absolutely in the future like criminals can use artificial intelligence to eat machine learning to actually find vulnerabilities in other, other bits of software or the network speed. the information could definitely be active with if their vulnerabilities in the software. and in the same way right now, your computer could be hijacked and your search engine to be re directed to a different website, which will give you incorrect information. ah cities can be had connected cars can be had all the different devices now that are connected to the internet can be hack. ah, we have many substitutes and it linked with me. we are using the only do any major exit to reach you with me would be great. it do generally very often on the ship, most secure and happy in. mm ah, good day again to globa

host: vivian schiller is the executive director at the aspen institute. their new report is on digital, in particular, misinformation and disinformation. you can call at 202-748-8000 free democrats. 202-748-8001 for republicans. independents and others, 202-748-8002. this headline from allie breland, who read the report, "disinformation is not just a tech problem, it is a social one, too. a take away from a report that studies a crisis of trust and truth." how does disinformation online affect trust in organizations, whether it be in the government, media or other major american organizations? guest: because it undermines our confidence in institutions. sometimes that is warranted. and it undermines our shared foundation of evidence-based reality, quite honestly. information disorder is a crisis that exacerbates all other crises. in fact, the cochairs in their letter write that specifically. information disorder makes "any health crisis more deadly, it slows down our response time to climate change, it undermines democracy and creates a culture in which e

deal on that would be what i see is that there's a prelim, you'd wish the one i knew what a lot ma schiller, he's a senior crew sick guy used to i. yes. those are some of the machine was a brand new to like no bonus, telegraph minish. i bet that you more than that, that's the problem when machine. it's a problem with which i could go to godaddy and absolutely in the future, the cyber criminals can use artificial intelligence, youth machine learning to actually find vulnerabilities over all the bits. the software or the networks the, the information could definitely be active with their vulnerabilities in the software. and in the same way right now, your computer could be hijacked and your search engine to be re directed to a different website, which will give you incorrect information. ah cities can be had connected cars can be had all the different devices now that are connected to the internet can be hack. ah, we have maybe a substance and it linked with me. we are using only a major exit or anything with me. degraded. we generally very often foundation for secure and happy in the same 9.

i'm you to wish the one i knew what a lot ma schiller, he's a senior crew sick guy used to i. yes. those are some of the machine. one was a brand new, like no bonus. telegraph minish. i bet that you more than that. that's the problem . when machine, it's a problem with which i could go to some cult oh got it. absolutely . in the future the cyber criminals can use operational inside of the machine learning to actually find vulnerabilities in other, other bits of software on the network. so the, the information could definitely be active with all her abilities in the software. and in the same way right now, your computer, it could be hijacked on your search engine to be re directed to a different website, which will give you incorrect information. ah, cities can be had connected cars can be had all the different devices now that are connected to the internet can be hack. ah, we have maybe one against substance going linked with me. we are using only a major leg exit or anything with me. degraded to generally very often foundation for secure and happy like a 9. mm ah. as a career prof

it is very easy to follow our schiller. she says it all well the first time. look, i'm going to be very, very brief. i want to thank ursula and everyone else here today for signing this game changing commitment. one of the most important things we can do, and i keep referring to this decisive decade, we are going to figure out what we are going to do between now and 2030 is going to impact significantly on whether we will be able to meet a longer term commitment. one of the most important things we can do is to keep 1.5 degrees and reach is to reduce or methane emissions as quickly as possible. as has already been stated, it is one of the most potent greenhouse gases there is. it amounts to about half the warning we are experiencing today, just the methane exposure. together, we are committing to collectively reduce our methane by 30% by 2030 and i think we could probably go beyond that. wejust think we could probably go beyond that. we just announce this package at the general assembly back in september. at the time in nine countries had signed on. today, it

tom: wendy schiller of brown university, a brilliant conversation. look for that on bloomberg digital. futures deteriorating off of economic data. the two your guilt i am watching closely -- the two year yield i am watching closely. a weaker euro. it is an annual visit and always poignant because no one has changed american travel in the last decade more than brian kelly. long ago and far away young james gorman of morgan stanley would call a younger kelly and say brian fix my computer. he went and left morgan stanley and completely change the travel business. you know the website. 47 charge cards. i am pleased to tell you brian is going to ecuador for $99.47. has your world changed because of the battle in the credit card world between the traditional guys and the rest. is it business as usual for you this thanksgiving? brian: those payment firms are not impacting the customer we are talking to, the high end travel consumer. it used to just bmx, that it was amex and chase, now capital one launched a card to combat that theft. there's a lot happening

joining us now, wendy schiller of grant university. something that has come up again and again, the republicans are very diverse as a party, just like the democratic party. senator holly is nothing like senator romney -- senator hawley is nothing like senator romney. but when they all need to be on the same message, they are. why do the democrats struggle with that? why can't they take the win over the weekend and run with it? wendy: one is the democratic party is more diverse. they represent a more diverse set of constituents, from suburban women, for example, who voted for the democratic party recently, to working-class people, some world. so it is truly hard when you're representing a lot of different kinds of people. that is one problem. the second problem is they want the federal government to do a lot of things. they believe in small, limited federal government and the republican party. they can obstruct and it is a much simpler message. i think there's no question the independents are feeling much more comfortable with republica

a piece from robert schiller of yale writing back in 1997, the idea of inflation, he says, evokes quote, arbitrary injustice, arbitrary redistributions and social bitterness and quote, memories of quote social situations in which morale and a sense of cooperation were lost. we've got inflation in an economy or a society where there is a tremendous amount of lack of consensus, lack of sense of cooperation, arbitrary injustice, and social bitterness i just note that these things are happening at the same time there is a societal thing here people are angry they just don't like the way it is they didn't like it under trump. they don't like it under biden they're angry. they're finding anger in every corner and now, inflation compounds it >> i think that's exactly right. that's what's i think people in the kind of economic policy world which is kind of the world i inhabit, didn't really think through quite well enough. inflation like we're seeing, it's only for a year or two, not the biggest deal in the world. if you look at it from econ 101, how does that affect different groups, if you're

peril", and after that victor david hanson "the dying citizen", and later political commentator ben schiller ben shapiro and the authoritarian moment. and follow along on c-span now, our new video app. >> so, good evening. i'm roger kimball the editor and publisher of the new criterion. and i think i know most people in the audience so i'm not going to do anything elaborate. i'm going to take a page from that priest that wh auden instructed about, those who came for confession, would be brief, be blunt and be gone. [laughter] >> so, just three things. three things. first, welcome, welcome to you, our friends, friends. new criterion. we would not be having events like this were it not for your support. so thank you for coming. and welcome, welcome. and the reason for this event, of course, is beside the new criterion's 40th anniversary and please take-- feel free to take a magazine, is the launch of victor davis hanson's important new book "the dying citizen." his publisher, which to my great sorrow is not in counter books, but a lesser publisher so they lucked out with this one. it might be

peril", and after that victor david hanson "the dying citizen", and later political commentator ben schiller ben shapiro and the authoritarian moment. and follow along on c-span now, our new video app. >> so, good evening. i'm roger kimball the editor and publisher of the new criterion. and i think i know most people in the audience so i'm not going to do anything elaborate.

where democratic governor phil murphy is running for a second term against republican challenger eric schiller elie, i've been listening to him for the last few as we speak to him from new jersey where a lot of the vote is in but it is very close. steve what we are continuing to do the calculations right now will continue what you need to know about new jersey as we look at it at this hour. >> yeah a couple of things here, there's been -- but the bottom line right now about 80% of the vote is in now in new jersey. the big shift you have seen in the last few minutes we have been telling you that the county clerk, in the states largest county, that is bergen county, has posted vote by mail results, okay we have now confirmed that, these are the vote by mail results. so phil murphy now leads in the bergen county vote count, and what that has done it has brought down the state tally much closer, should eerily now leading by less than 5000 votes statewide. murphy getting a big bounce out of bergen county. okay what else is left right now, we keep talking about sussex county, here is another one the

where democratic governor phil murphy is running for a second term against republican challenger eric schiller elie,

monday morning we will talk about the biden administration's policy and vivian schiller on digital misinformation.