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tv   Fareed Zakaria GPS  CNN  May 8, 2016 7:00am-8:01am PDT

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uh, no thanks. i have x1 from xfinity so... don't fall for directv. xfinity lets you download your shows from anywhere. i used to like that song. this is "gps," the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria. ♪ ♪ ♪ we'll start this show with the stunning news from the 2016 presidential campaign. ♪ ♪ >> donald trump is the presumptive gop nominee. ♪ >> we've assembled a great group of conservatives to discuss what this means for the republican party, for conservatism and for america. and just who is to blame for all
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the rancor in washington? is it politicians like donald trump? when research suggests that it might be all traced back to china. what in the world? also, the jon stewart of egypt. now living in exile in the united states tells us exactly what is going on in his very troubled nation. and while there's much worry about american politics, is europe actively falling apart? yes, according to greece's former finance minister. >> it would be awful, frightful and highly disruptive. but first, here's my take. at the heart of donald trump's appeal is his fame as a successful businessman. it's why most of his supporters don't really worry about his political views or his crude rhetoric and behavior. he's a great ceo and he'll get
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things done. no one believes this more than trump himself who argues that his skills in the commercial world amply prepare him for the presidency. now there's some debate about trump's actual record as a businessman. regardless, it's fair to say that he his formidable skills in marketing. he's been able to create a brand around his name like few others. the real problem is that these talents might prove largely irrelevant because commerce is actually quite different from government. the modern presidents who achieved the most, franklin roosevelt, lyndon johnson and ronald reagan had virtually no commercial background. some who did, herbert hoover, faired much worse in the white house. one of the few successful ceos who also did well in washington is robert rubin, a former head of goldman sachs he served as white house aid of economics and treasury secretary in bill
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clinton's administration. when he left washington he reflected in his memoirs that he had developed a deep respect for the differences between the public and private sectors. in business, the single overriding purpose is to make a profit, he wrote. government deals with a vast manage of legitimate and often competing objectives. he also noted that a big difference between the two realms is that no political leader, not each the president has the kind of authority every corporate chief does. ceos can hire and firebased on performance, pay bonuses to incentivize their subordinates and promote capable people aggressively. by contrast, rubin pointed out that he had the authority to hire and fire fewer than 100 of the 160,000 people who worked under him at the treasury department. even the president has limited authority and mostly has to persuade rather than command. this is a feature, not a flaw of
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american democracy. power is checked, balanced and counterbalanced to ensure that no one branch is too powerful and that individual liberty can flourish. in interviews with "the new york times" trump imagined his first hundred days in office and talked about the positions he would fill. i want people in those jobs to care about winning. the united nations isn't doing anything to end the big conflicts in the world so you need an ambassador who would win to display the -- >> that rests with sovereign governments unless trump wants to cede u.s. authority to the u.n. secretary-general ban ki-mo ki-moon. the notion that it would take a strong american ambassador to shake up the u.n. and end conflicts and win is utterly removed from reality, yet it is a perfect example of business
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thinking applied in an alien context. success in business is important, honorable and deeply admirable, but it requires a particular set of skills that are often very different from those that produce success in government. as walter lipman wrote in 1930 about herbert hoover who was probably the most admired business leader of his age, the popular notion that administering a government is like administering a private corporation. that it was just business, housekeeping or engineering is a misunderstanding. the political deals with matters peculiar to politics with a complex of material circumstances of historic deposit, of human passion for which the problems of business of engineering as such do not provide an analogy. for more go to and read my "washington post" column this week. let's get started. ♪ ♪ ♪
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the conservative columnist george will says that donald trump is the most unconservative nominee in the 162-year history of the republican party. what will his candidacy do to the party, to the country? i have assembled a group of conservatives to help me understand the issues. david frum was a speechwriter for george w. bush and he is the chair of the policy exchange. emily miller was the senior editor of the opinion for "the washington times." before that she spent years working for republicans on capitol hill as well as secretaries of state, power and rice. dan has served as senior foreign policy adviser to governor mitt romney in both white house runs and has advised paul ryan, as well. and an op ed columnist for "the new york times." you wrote a column which made me
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think of something which there were 17 candidates who ran for the republican nomination. the least conservative of those candidates won. what does that say about what the republican party thinks of conservatism? >> well, first, it says there is a large constituency among republican voters for ideas that are outside the conservative mainstream and this is something they think is fairly apparent for a long time. it's just been surprising to many of us just how large that constituency was and, two, that republican politicians are willing to put in the end, surprisingly little on the line to defend the ideas that their party is ostensibly committed to and that, i think, to me is in certain ways the biggest surprise. i thought that i had a low opinion of politicians in certain ways, but i did think that there was sort of a commitment to the interests of the party that would lead to
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more ferocious resistance to trump than we've seen. >> david, you've been saying for a long time that the big divide is theed whys of the donor class versus the ideas of the base. is this what it's really all about? that's the operational part, but it's clearly now working into something much bigger because the donor class is sending in its sword of surrender. the wall street journal was pleading with donald trump to deal with koch. he was handing in the sword to general lee. i think we're going need to cope with the wreck that is coming and the immensity of the wreck and it's not just a presidential wreck in the senate and it will be a wreck in a lot of other places and it's a moral and cultural wreck. to cope with this, the people who object to what is happening whether they're donors or weather they're base will need a series of strategic decisions about the key dates ahead on the calendar. there is a key date at the
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convention. what can be done at the convention to tell america that not all republicans are onboard with what is happening. >> how do you do that, david? he's the nominee and he'll write the platform and the platform will say we're going to build a wall and we'll deport people and we'll ban muslims and end trade deals for a party that's pro-immigration and pro-trade. >> that's correct -- remember, trump has a terrible work ethic. ted cruz has a lot of delegates, over 600. many of the trump delegates are constrained to support him and they're more regular party people and ted cruz could play a very important role and you can write things into the platform, for example, to say if the presidential candidate has made any loans to his campaign that should not be paid back with taxpayer funds. >> this would be a fight? >> you fight on the beaches. you fight in the towns. you fight in the streets. you keep going, and then during the fall there are candidates to rescue who will deserve rescue
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and then afterward will come the digging out. >> i'm just shaking my head because you just see all of these conservative elites in new york and d.c. they're losing their marbles over this. they can't believe this has happened. the people decided who would be the republican nominee. it's not washington and it's not new york. it's the people. they voted for donald trump. they want donald trump. they agree with his beliefs and they agree with his policies. they're saying jobs first. america first, they want to make america great again. that's what's going on. donald trump has run on something that he says if he wins and beats hillary clinton this is what he's going to do when he's in office. he says he's going to build a wall with mexico and stop the illegal immigration. illegal immigration has gone up since donald trump because people know there will possibly be a wall there in the future. there are things and people are saying, yes, stop the free trade agreements that are hurting us and hurting our jobs. >> you were advising marco rubio, among others.
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>> yeah. >> advising paul ryan. for paul ryan this is a vision of conservatism pretty much the opposite. >> complete opposite. you take a step back. when the dust settles and if trump loses in november which i think he will, the big question is will there be trumpism without trump? in this entire election i thought to myself, trump is a uniquely talented political figure as we've learned and he's been able to tap into something, but if trump were not in this advice would we be having the crackup, and the more conventional politician would be able to tap into it. if scott walker or chris christie and john kasich and a uniquely charismatic populous -- >> i know, but they were completely eclipsed by trump. if trump were in this thing, someone else could have marshalled a lot of this and modern conservatism would have been intact. the idea that trump is a vessel
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for an anti-free trade and increase in the minimum wage, tearing up any ideas about entitlement reform and the idea that he's a vessel for that and the real agenda on the right. >> we've got to take a break. when we come back we'll talk about all of that, but we are also going to talk about the point you raised that will trump really lose because he's up against another controversial politician, hillary clinton. when we come back. every day you read headlines about businesses being hacked and intellectual property being stolen. that is cyber-crime. and it affects each and every one of us. microsoft created the digital crimes unit to fight cyber-crime. we use the microsoft cloud to visualize information so we can track down the criminals. when it comes to the cloud, trust and security are paramount. we're building what we learn back into the cloud to make people and organizations safer.
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and we are back with david frum, emily miller and dan, talking about what donald trump will do to the republican party
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and what it might do to him. david, i want to pick up on something dan was saying earlier. do you believe that there is trumpism without trump? that is to say, it doesn't -- haven't we learned that the base of the republican party is considerably less conservative than we thought? >> there are things in trumpism that are healthy and the party needs to learn from. the party needs to pay attention to the economic distress that trump has appealed to. that's for sure. it is time to realize that they have to be compensated by the winners and we need a different approach to immigration that is more controlled and managed in the american national interest and that draws more from highly skilled people and less from low skilled and those things are all true, but the authoritarianism, the inflammatory, the open racial appeals, the concealed racial appeals, all of that radically, unacceptable and that
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part of trumpism has to be faced. every country, every society and every political has demons. >> what david puts very well is you can't have a party without trump supporters, right? the idea that you can one, purge trump supporters somehow and it's very hard to purge people whose candidate is now the nominee of your party, but two, and here i think i disagree a little bit with dan. i think the idea that you can sort of return to a conservative normalcy after an event like this is unrise and unlikely that what this has prove side that the party needs to address these concerns, but it has to do it without becoming essentially captive to donald trump. >> i'm going to guess you think not only does the party need to address trump's ideas, but that more than the party could find it appealing that trump will win, i guess you would say. >> well, if the republicans want
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to win they need to get together and as you introduced us, we have four conservatives here and three of which let's find a way to get rid of trump and get hillary elected and this is insane. obviously, they don't want to the win. you're hearing all these voices, but you are also hearing them in washington and new york saying we have to find a third-party candidate and we have to recruit someone and burning my republican cards. they're not -- that's not how you take power and that's not how you win elections and you will never see four liberals sitting around a table talking about how they'll kill hillary's campaign or embrace bernie sanders. >> you cannot claim loyalty if you don't give loyalty. >> but you're talking ideology as opposed to -- >> you cannot be president if you are unfit for the office. i don't care what label he wears, if he's unfit and dangerous, he is unfit and danger russ. >> can i ask you a question -- >> leave us out of it.
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if hillary clinton basically performs against trump as well as obama did against mccain and i haves rates him in the electoral college and if we lose it, senate control. if we wind up with ray razor thin control -- >> we don't know that that will happen. >> if trump gets slaughtered it will have down ballot implications. >> you will blame the con search tiff activists for this, it means the country is rejecting gait that -- >> right now we're in may and all you hear from conservative intellectuals, pundits and washington d.c. people is he's going to get slaughtered and he can't win. that's all you hear as opposed to, wait, there's five months and we haven't had a convention yet and the country doesn't know donald trump yet and hillary clinton is such a flawed candidate. >> do you think the country is unfamiliar with donald trump? >> absolutely on the policies and we haven't gone to the platform stage yet. >> i wonder why -- >> when pundits say there is a disorder in punditry.
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when pundits mean to say he deserves to be slaughtered and they have to say he's going to be slaughtered. >> they also said that i wrote four years ago don adtrump is a serious force and needs to be taking him seriously. >> no one denies that now. >> there say long list of people that says there is absolutely no way he'll be nominated. >> a source for good or bad, that is what we're debating. >> hillary is better? is that the answer here? >> you think political parties are resilient in the end? >> in 1964, when goldwater got defeated badly all of the pundits were saying this is it, the republican party is multigenerational setback and four years later, nixon gets leched in '68 and republicans go on to win five of the next six presidential elections and democrats, 84, people say the democrats are doomed and eight years later you have a modern eisner bill clinton who turns the party around and ushers in an area of governance. parties can bounce back. >> will the republican party of
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the future be as emily is suggesting a more trumplike party, populist, nationalist, protectionist and slightly xenophobic? >> i would say that it is very likely that the republican party of the future if it is a majority party will learn something important from trump and my hope is that it learns something about the importantance of recognizing the economic anxieties of middle america and if it doesn't learn something about the usefulness of talking about mexican rapists and banning all muslims and that's an open question and look, we're in an age where nationalism is resurgent and this is true in europe and it's true now in north america and it's true for understandable reasons. people, dislocation, the forces of globalization -- >> and terrorism. >> and terrorism, have created ang zietdys and losers and successful politicians, e spe l especial especially, have to address that. >> goldwater called for
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post-civil rights laws and talked lightly about fighting nuclear wars. the republican learned from that. there are things in goldwater to learn from, and we will drop the civil rights laws and no, we're sht going to fight nuclear words and the analogy with trump is yes, let's learn about the things ross said and let's never -- let us keep faith with the people when voted for trump and let us also understand what he is and what kind of president he would be and how unacceptable -- >> why are you learning lessons four or five months before winning an election. >> do you think he has the temperament to be president? >> i do. i've interviewed him and i've seen a different from the campaign trail. >> i was surprised even the first time i interviewed with him. very thoughtful, calm, direct, listens very well. very different than sort of the person you see at these big -- which you have to be different in the rallies than you are one-on-one than direct with the person and he's had the same
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executives in his companies for years and years and years and well liked by the people who work with him and i think you'll see that type of person emerge more when he's not fighting 17 people around him when he's just one-on-one with hillary. >> we'll have to end on the hopeful note that we all agree on. let's hope we see that don adtrump. next on "gps," don adtrump and bernie sanders can't stop railing against china, it's for the extremes of the american political spectrum, but in an ironic twist is china responsible for political extremism in america. that is what a fascinating, important new study says. i'll tell you about it when we come back. why are you deleting these photos?
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now for our "what in the world" segment. >> we can't continue to allow china to rape our country. >> corporate america will start investing in this country not just in china. >> we've heard donald trump and bernie sanders rant on and on about china, and according to one group of renowned economists, china is actually to blame for a big problem in america, but perhaps not quite what the two candidates are talking about. a new study puts the blame on
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china for something surprising. the rising extremism in american politics. what in the world? a new study co-authored by m.i.t. economist david order finds that between 2002 and 2010 congressional districts that were negatively impacted by trade in china were more likely to elect representatives who were more ideologically extreme in other words who veered further left or right than the officials they replaced so increased trade with china and the loss of american jobs as a result, have made for a more polarized u.s. house of representatives. overall, the shift away from the political center benefited conservatives much more than liberals according to the study. the clear losers were moderates from both parties. in an interview with "gps" order pointed us to ann encapsulated example, jim jordan who serves
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ohio's north district in columbus. it replaced a more moderate republican in the 2006 election and has since led the charge in congress to kill the export/import bank and to block obama's trade deal with the pacific. consider this hypothetical, had imports from china been slashed in half between 2002 and 2010, order estimates that congress would currently have 22 more moderates, but instead of these hypothetical moderates, what we have are four liberal democrats and 18 very conservative republicans currently roming the floor of the house of representatives, and it's no surprise that fewer centrists in congress means less compromise and more gridlock. this study illustrates and highlights the problem with free trade. most economists agree that unbalanced free trade is a net positive and it produces lots of growth and guess what? so do most americans. despite the anti-trade rhetoric
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it turns out that the majority of americans are currently upbeat about foreign trade. according to a recent gallup poll 58% of americans still view foreign trade as an opportunity, while 34% see it as a threat. contemplate this real world scenario posed by the associated press by a cross section of americans. a retailer has two pairs of pants. they have the same design and made of the same fabric. would you pay $50 for the foreign-manufactured pants or would you spring $85 for the american-made pair? 67% of americans in the polls say they would opt for the cheaper, foreign-made threads. in a sense, americans understand that they get a big tax cut in the form of cheaper goods, food and services because of free trade, but that is a diffused benefit spread across the entire population. we don't thank china for that,
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yet the costs of free trade are concentrated. one factory, one town feels the pain and the political system responds to those concentrated costs. indeed, many of us when we see an american factory close do blame it on china. moderates must figure out a way to explain this mismatch between the broad benefits of trade and its narrow costs or as the country will keep getting more polarized with more extremists in office at all levels including maybe the presidency. next on "gps" is europe on the brink of collapse? that's what my next guest says and yanis knows what he's talking about. he was greece's finance minister during that nation's precarious period. of predictive analytics. because of optum. through population health data, they provide insights so doctors and hospitals can identify high-risk patients. like me... asthma...
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a few months ago europe seemed in deep trouble. have things stabilized there?
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there are worries that everyone for sure, but people have talked fears of spain, portugal defaulting and even the brussels and paris attacks have receded in memories somewhat, but my next guest says things are actually very bad in europe and yanis varoufakis should know. he was and that was the most tumultuous time in greece's modern history and he has published a book and the weak suffer what they must and europe's crisis and the weak economic future. yanis varuofakis, thank you very much for being here. you say greece might fall apart. >> not might, it is falling apart. if you go to austria and cross into germany you find there is a long line of tracks and cars because there is a new border
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there where there was none. if you look at our economies they are renationalizing debt. we are supposed to have a banking union in order to create the shock absorbers for the next crisis, but we're not ending up with the banking union and we're ending up with a banking disunion and at the moment the probability of losing your money if you have an italian bank is increasing whereas in germanys decreasing and the banking systems of the two countries that are part of the same monetary union are being torn apart. >> and why is this happening? part of it is the refugee crisis that is causing countries to renationalize things like border controls, but you're saying that at the heart of it there is an economic problem. >> well, imagine that here in the united states in 2008 the great state of nevada, the government of the state of nevada had, when the real estate sector was collapsing and construction workers were losing their jobs and banks are failing
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and imagine if the government of nevada had to go to the international markets and cap in hand to bail out the banks of nevada and to pay economic benefits and of course, then the state government of nevada would go bankrupt and then it would have to go to the fed to ask for a loan from the fed and imagine if that loan came with strings attached. you will reduce pensions, social security, you will reduce expenditure of the government of nevada by 30%, 40% and then what would happen is a downward debt spiral would start in nevada and incomes would start and the state of nevada would be bankrupt as would its banks and then that contagion would take on a life of its own and it would move to missouri and mississippi and eventually it would hit california. >> and then californians would hate people of nevada and the people of nevada would be pointing fingers at the people of california and the union will be broken. this is how we have organized
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life and the economy in europe. >> and how bad can it actually get? when you talk about disintegrating, you think the european union could actually break up? >> i have no doubt it will. if we continue the way we are it would be awful, frightful and highly disruptive if something like this happens and that's why all of us should work together to consolidate the european union. >> is britain's exit likely to be the catalyst that could make this all snowball? >> i don't know. it may very well do so. this is why i campaign in britain in favor of the remained campaign. >> let me ask you about the politics of this because one of the things people worry about in the united states is we want europe to be able to act as a single entity on foreign policy with regard to sanctions against iran, sanctions against russia and we want a europe that can act as a single partner on issues like climate change, and
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it seems to me you're describing a europe that is getting more and more divided. will this affect europe's ability to play a part on the world stage. >> do you think that vladimir putin would be so uppity if we didn't have this great depression and this integration of our economy? i'll bet you he wouldn't have been. you put together the words european union, foreign and policy and you end up with a joke. there's no such thing. everybody acts completely on their own and if anything instead of getting closer together we're being pushed further apart. mahatma gandhi was asked what do you think about it? he said it would be a good idea. it would be good to have it. you believe there is a path forward and you are working for it. how optimistic are you about the path forward and how worried are you that there will actually be a breakup. my views is that we don't have a
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moral right to be anything other than optimistic. our optimism should be based on faith and not evidence. there is no evidence that things will end up well for europe, but we must remain optimistic because this optimism may feed into a political path that will consolidate europe. we need to stop this slide into a post-modern abyss. we have to stop re-erecting borders within the countries and we have to stop indulging in the not in my backyard logic and we'll face up to the fact that we have one european crisis and another greek crisis or the british crisis or the italian crisis and one crisis of one single market. we need to consolidate and create the political institutions that will help us deal with this crisis systematically in order to avoid the systemic collapse. >> it's a pleasure to have you on. >> my pleasure. up next, he has been called the jon stewart of egypt, the very funny, very smart bass am
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yousef on the issue of his troubled nation when we come back. game. like matt f., who writes, "i created a chihuahua football league "but i only have eleven chihuahuas. "do you think it's too much to have them play both sides of the ball?" chihuahuas have incredible stamina so you should be fine. i'm kidding, of course. you're very far from fine. you've completely lost it without football. training camps will open soon. how could you not find eleven more chihuahuas?
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egypt's jon stewart. he was the host and star on a weekly satire show on egyptian tv titled simply "the program." he brilliantly and boldly took on the powerful in egypt from mohammed morsi and the muslim brotherhood to currently al sisi. yousef's satire was too biting, after being suspended and pulled off the air and forced to move to different channels, the show's run ended two years ago, and he left onlying nipt part over fears of his safety and now living in california, yousef will soon debut in california
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"the democracy handbook". >> it is an amazing honor. i am maybe in one of the coolest cnn studios ever. it is so cool. >> we got an award for it. >> the bricks and stuff. you need a live odd wrens and people cheering for us as we go in. this is crazy. yeah. >> you had your own shows. you had a show on after the egyptian revolution? >> yes. >> it was the number one show in egypt and then president morsi didn't like it and he prosecuted a case against you and morsi gets deposed, but it turns out the new regime doesn't like it and doesn't allow it to air. >> i'm not popular with the regimes and they have a problem with my jokes. i don't know. >> i know that you are constrained about what you can say about all of this. let me start by asking you, where do you think egypt is right now. there was so much hope in many ways the leader of the arab world seemed to be leading the
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arab world away from dictatorship and toward democracy and now we're back with the regime which seems even more repressive than the mubarak regime. >> this is the most democratic regime in the history of egypt. are we fooling ourselveses? let's talk about how history works? i'm not a historian. we've been only five years. five years in history is nothing. where were the french revolution five years? there was a lot of regression and where was the american revolution in five years? i always say a revolution is not an event, it's a process and you can't just really remove a whole regime and whole mentality that's been there for decades just for standing in the street for 18 days. it takes time. we were too naive to think it would actually work. >> how will we understand what happened in egypt in terms of the clamor for the military to come and replace the government? because i think a lot of us saw
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the square and the democracy and morsi comes in, yes, he governs very badly and tries to act high handedly and what was it that triggered tens of millions of people to come out on to the street and say we want a military coup? >> of course. here ate thing. the problem with the middle east is the bipolar personality that's in the military, and the mistake that the west always does is we might actually deal better with the military regime in order to protect us. one of them keep the other as a scarecrow to tell you that this is the alternative. >> explain to me something about the arab mood or the egyptian mood in particular. again, you're not just a political pundit. you had the most popular tv show in egypt. why are they so anti-american? >> who is anti-american? >> when you look at the polls in egypt, i ask you this because when i go to egypt i am struck
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by how friendly egyptians are and they're fascinated by american, and you look at the pew polls and you ask what do you think of the united states and up there with pakistan and the palestinian territories and they're the first ones lining up to get an american visa, all of the authoritarian regimes need something to fall back to and a reason for failure. sometimes i think america and israel are the people -- they offer this kind of legitimacy to these regimes. we're not failing because we're incompetent. we're failing because all of these people are conspiring against us and we hate it, but we'd love to have a visa right now, green card just to stay there. >> would you like to go back to egypt? >> everyone would love to go back to his country. i have a couple of my friends that have been arrested on the
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streets and taken from their houses and you never know what will happen and you can't really predict what will happen. >> you will keep doing comedy from the safety of california? >> well, i'm doing comedy now about the american politics. i have a stand-up and i'm not going to do my show in arabic outside of the country and i'm doing a show called now called the democracy handbook and it is basically discussing american politics through the eyes of the middle east which could be very interesting. >> does trump remind you of some middle eastern politicians? >> if trump trumps in the middle east he will be a progressive liberal. i mean, we look at him as oh, my god, you're so cute. you're talking about trump. trump is a xenophobic, hateful, racist bigot. and back home in the middle east, that's one thing and --
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lightweight. >> awesome. pleasure to have you on. honor and pleasure. >> thank you so much. next on "gps" do two-day workweeks sound good to you? maybe in the rest of the world, but in venezuela they are nothing, but bad news. i will explain. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack.
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the imf projects that the u.s. gdp will grow by 2.4% in 2016. it brings me to my question, what is the world's fastest growing economy according to the imf's latest world economic outlook report? myanmar, china, india or the ivory coast? stay tuned and we'll tell you the correct answer. this week's book of the week is joshua cooper ramos "the seventh sense." the reality of the world we live in today he argues is connectivity. people, computers and other machines and almost everything is getting linked and these new networks are spewing oceans of information. he writes with ease and authority about the technology, the history and the foreign
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policy of this power shift giving us an essential guide for this brave new world. now for the last look, venezuela does not observe daylight savings time, but last week the country's clock sprung forward 30 minutes. this way people wait longer to turn on their lights in the evening. this small change ordered by nicholas maduro is indicative of a big problem, a severe electricity shortage. maduro blames el nino saying drought has impaired the hydroelectric dams that power most of the country. his critics, however, blame government corruption and mismanagement of the economy for years. the power shortages are devastating and truly staggering when you consider that they are happening in the country with the world's largest oil reserves. there are rolling blackouts, partially closed schools and a workweek that has been reduced to just two days for the 20% of
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the workforce that are public employees and electricity isn't the only thing that's scarce. faced with spiraling oil prices, the government has instituted rations. it is nearly impossible for venezue venezuelans lining up in droves to access the most basic essentials like food and medicine. somehow maduro managed to celebrate one thing this week, he told cheering crowds he was raising the minimum wage by 30%, but it's irrelevant. inflation in venezuela is expected to rise to 720% this year and to 2,200% next year according to the imf. latin america and the world can expect only greater turmoil and instability from venezuela in the coming months and sadly, the people of that country will probably face even more hardship. the correct answer to the gps challenge is a, it projects
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myanmar will be the world's fastest-growing economy, on the other hand, venezuela is expected to contract by 8%, the worst projection of any country in the world. thanks to all of you for being part of my program this week. i will see you next week. good morning and happy mothers day. i'm brian stelter and this is "reliable sources." our weekly look at the story behind the story as news and pop culture get made and what a week this has been. we're going in-depth today examining what donald trump's hostile takeover of the gop means for the media. so many experts while trump would never get to this point and would never succeed and one of them is preparing to literally eat his words, but we have more than cooking segments ahead this hour. the top editor of "time" magazine is here to explain why this is a huge opportunity for journalism. you could also call it a huge