Harvey Weinstein, Greedflation, Delia Owens

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Life is full of moments that matter and Edward Jones helps you make the most of them. That's why every Edward Jones financial advisor works with you to build personalized strategies for now and down the road so when your next moment arrives bigger small, you're ready for it. Life is for living. Let's partner for all of it. Learn more@edwardjones.com good morning. I'm Jane Pulley and this is Sunday morning. He was the force behind more than 100 motion pictures and he's one dozens of Academy Awards, but Harvey Weinstein was also accused by more than 100 women of sexual assault or harassment.

In 2017.

After years of rumors.

Several women finally went public about Weinstein's abuses which led to criminal charges. A conviction and of course the me to movement now writer can allow is taking a closer look at Harvey Weinstein attempting to understand how a stellar filmmaker came to such a dark Hollywood ending he's talking with Leslie Stahl. How does an Academy award-winning film producer end up a convicted sex offender, one journalist spent years trying to figure it out. I was trying on a biography to be inside his head and and trying to show how Harvey was viewing the world as its crumbling around you don't think he feels I think that Harvey Harbison's auto life re-examined coming up on Sunday morning all noticed the price of just about everything seems to be rising, but is this simply about supply and demand or something a little more insidious at work here. We ask David Pogue to tell us all about greed, deflation versus are like most economists blame our crazy inflation on underwhelming supply and overheated demand, but there may be something sneaky used corporations using inflation as a cover for increasing profits and prices I had on Sunday morning rising costs are taking a bite out of every business question is inflation or greed.

Deflation chapter for Delia Owens Blockbuster 2018 novel where the crawdads saying Lee Cowan will tell us all about it.

The crawdads thing is been on the bestseller list for more than three straight years, but the record is attracting a lot of high water detention.

The recall now Reese Witherspoon has produced the movie popular novel, but all the readers that the movie stays with the story Blockbuster book 1 of the box office to wait with Seth down will enjoy a stay at Rome's prestigious American Academy Aaron Moriarty has an inspiring tale of second chances commentary from a physician on the front lines of our gun wars some pics for summer reading and more on a Sunday morning for 10 July 2022 and will be back after this economy has been battered by a pandemic breakdown in the supply chain and a war so is that why were seeing sky high inflation or as a low grade sprinkled on top. Sounds like a question for our David Pogue.

Five dollars before for creamery Harlem handmade ice cream will cost you mortgage these because according to owner produce Cabazon Larson everything cost everything is going up very so milk and cream to coffee more here than it is. The freight charges are no matter what business you written costs are way up all kinds of reasons for Darr use Patrice Cusick vodka company. The glass itself to putting a massage.

The bottle is up 17% up to 25% for the larger size bottles. Caroline Morse's gift shop. My vendors where they might've paid $3000 per container for shipping are now paying 30,000 out of the woods, reading glasses supply so what's going on as you may recall, prices are a function of supply and demand more demand higher prices. We put much too much demand into the economy last year and inevitably that was going to cause her to overheat, which it has Harvard professor Larry Summers was the Treasury Secretary in the Clinton Administration. He predicted this year's inflation over a year ago. Within the year, we're going to be dealing with most use incipient inflation problem that we are faced in the last 40 years. The combination of pumping trillions and trillions and trillions of stimulus money and the Federal Reserve keeping interest rates at zero all that, taken together, was I think inevitably going to drive the car much contrast because of the golf the road. Then, in an unhappy coincidence. The supply went down to the big increases in prices have much more to do with shortages. Supply and demand both way out of whack, but lately we've been hearing about third contributing factor. Last thing we should be thinking about rewarding companies were exporting the situation.

There's 1/3 set of arguments people make that some firms are able to sort opportunistically raise prices and this all this chaos, even those other two factors, greed, inflation, inflation Mike counsel is an economist at the Roosevelt Institute in a new study. He graphed corporate profit margins over time. The big profit margin is gone for about 5% over the last several decades to almost 10% in the past two years, so there's been a giant jump in corporate profits over essentially during the pandemic and during the recovery. We have been so far unable to get any of these companies with record profits to speak to us for this story. Robert Reisch is a professor at Berkeley and was Labor Secretary in the Clinton Administration.

What would they say.

The rationale is for raising prices unduly at a time when we can least afford it would say our obligation is to our shareholders and that's it.

So everyone agrees. Corporations have raised prices as high as they can get away with, but not everyone agrees that there's anything wrong with that. I wouldn't call it reflation. Quite honestly, companies are responding to what the incentives are in the market and they have to maximize their shareholder returns.

That's it. While I thought that you really felt like these Corporation leaders are exploitation in an unfair.

I don't use the term unfair morality.

Corporations are not people they are going to maximize their share prices.

That's what they do, but the result has been extraordinary price inflation. Or as Larry Summers puts it resorts in Miami charge more in the winter than they do is the sum and have larger markup. That doesn't mean their gouging means that sometimes there is more demand relative to supply so I think this idea that prices being raised in the face of strong demand constitutes gouging is a real misconception.

You make it sound like capitalism is working like it's supposed to supply and demand German princes yet. Look, we have a market economy, we haven't found alternative for market economy that are better but that doesn't mean were helpless see in a perfect market economy. If you charge too much competitors will rush in and steal your customers, but our market isn't perfect since the 1980s.

Two thirds of American industries have become more concentrated. We have more and more monopolization, more and more market power, more and more power by big companies to set prices. I thought there's antitrust laws. I have thought that the government supposed to protect us from that. Well, you would think so, but since the 1980s antitrust law has become very unfashionable to how do we read in this wild inflation government can and should do more. The threat of enforcement combined with a windfall profits tax right there almost enough.

I think the executive branch of the callers can make a contribution by reducing tariffs by figuring out how to buy things more inexpensively by increasing the supply of commodities that are in short supply. There is some good news � prices originally started to drop a little bit and so have shipping prices. Meanwhile, analyst Mike counsel has good news about the economy as a whole. You know if you can look past that inflation thing economy still very strong spending is still very strong job growth is still increasingly high note.

With unemployment at 3 1/2%. This is probably the best labor market we've had in 60 or 70 years. Now we just have to fix the inflation card for ice cream on January Cabazon Larson that they won't come soon enough. Right because we are hopeful that it is.

It was an Oscar Goldmine starting in 1993 Miramax films was nominated for best picture.

11 years in a row.

But behind the scenes. It was a very different story author Ken Alanna has documented the fall of Miramax is Harvey Weinstein and he tells Leslie Stahl all about it. Displaced Hollywood producer Harvey Weinstein is serving a 23 year prison sentence for rape and other acts of sexual assault crimes first exposed in the New York Times journalist can a letter to try to break that story in 2002. While working on a profile of Weinstein for the New Yorker magazine, I described his brutal behavior verbally and physically in terms of fistfights and wrestling match people but I couldn't nail him on what I believed he was also guilty of which is abusing women sexually.

I couldn't get the women to talk. Would you say that catching Harvey Weinstein became an obsession that I had a semi-obsession.

I want to expose the gusher semi-obsession. His semi-obsession grew even after the guy was convicted. Now he's written a biography in which he searches for Weinstein's Rosebud. How and why did one of the most respected Academy award winners and head of Miramax films become a reviled sex offender so your book is like a PET scan's psyche serves a human being with with many dimensions. One dimension is that he's of violent often vile man who abuse people.

Another dimension of Harvey Watson is a talented filmmaker. I mean there spectacular water for chocolate Shakespeare in love just so sensitive and some of them a sweet and I wonder how someone who could do those movies could at the same time be a monster. I couldn't figure it out, but if you rape and abuse over 100 women over 100 women since October 2017, more than 100 women come forward to claim that he physically abused.

I wonder if you figured out whether something happened in his childhood.

What you saw in Harvey's home is very Weinstein the mother yelled time Harvey a fat Harvey stepping out on me.

What you doing and that yelling was carried over into Miramax in Harvey's career, Weinstein addressed his own violent temper tantrums. In 2002 during 12 hours of taped interviews with a letter he said he wanted to change.

He could not change who he was?

In many ways Harvey was out of control.

So you're sitting across from him and did you feel intimidated. No and the questions got a little testy and I confront them about the women rumors that Ms. his violent temper, so he suddenly got up off his chair.

I was seated at a small conference table in Jennifer's chair and he loomed over me standing up and he clenched his fists and sites as soon as I stood up and were I were face-to-face. Harvey did something totally surprising. He started to cry what he just started to cry and was all really cry really cried very seriously through those tears. He denied assaulting his one time assistant Rowena Chu calling their relationship as he would with others consensual the Chu accusation is one. He has consistently denied I hear something you said there was a whole system at Miramax that propped Harvey up and enabled him to commit his sexual assaults. I think about the people at Miramax love is the sole of these work and lifestyle on a daily basis.

I think that they would have preferred to think Harvey someone who had multiple fans didn't behave very well, but they didn't want to think of themselves as employed by a serial rapist, but she says she was warned about being alone with him.

We were told things like where two jackets went to peasant tights. If you need to never sit on the same safe as Harvey if he invites you to sit next to him opposite. Despite those precautions, Chu says Weinstein tried to rape her at the 1998 Venice film Festival, and she narrowly escaped to KS naked in his hotel room, a semi-semi-cat.

Obviously, we are not aware of what you're saying that like it's normal. You're saying he got naked. I'm thinking to myself, he got naked and coming straight Harvey was not my first encounter with someone who tried to be naked in the office will and then what just lunged.

He attacked you. So I think it is not say much about lunging as a process of pressure over number of hours spent in a rented room with someone who is known for his anger. You can't really scream run screaming from the nausea was tilted and he probably weighs three or four times with Highway so that a situation where I'm trying to extricate myself from the without making ultimately of course there is a physical element to it when he's much bigger than me. At some point he's holding me down to a bed and I'm trying to make away a lot of people in Hollywood knew what was going on with Harvey as well. I think you call it a culture of silence. People who know or should have known that someone is doing actually criminal acts and That's a Broad Group of People. Sometimes a Very Broad. Some People Who Worked at Miramax and the One Sync up Some People Who Are Agents in Hollywood. Some People Who Were Studio Executives. Some People Who Were Actors and Actresses so Much of It Is Just Simple Conformity. You Don't Want to Come out and and Accuse Your Kind of Cattle You Want to Be around Yeah Now behind Bars, Weinstein Faces Another Criminal Trial This Fall in Los Angeles on Nearly a Dozen Sex Crime Charges to Which He Has Pleaded Not Guilty.

Do You Think That Harvey Has Any Remorse, so I Think It's Not True until He Actually Sees That He Is Deserving of What Is Happened to Me Is That Public Censure and Also of a Prison Sentence Is a Cover for Assistance at a Car That Had Screens Flip down Screen Seeker Watch Movies and TV Shows of His. And Here Is Today. You Know Eating Baked Beans, Knowing He Will Never Get Knowing That I Get out and He Should Know That He Deserves to Be Impressed and I Don't Think He Does.

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