mckay, first of all, let's start with the basics: who or what is alden global capital? and what have they been doing with all these newspapers that they own? >> yeah, alden is a hedge fund that many people in the financial world would consider a vulture hedge fund, which is to say their model focuses on distressed assets-- businesses that are struggling in some way. in the case of the newspaper business, alden, around the tail end of the great recession, began buying up local newspapers and newspaper chains with a very specific mod they'll they ended up pursuing, which is when they would buy a newspaper, they would cut the staff dramatically, sell any real estate holdings the paper had, in many cases increase subscription prices, in some paces outsource certain parts of the paper, like layout design, to the philippines, all with the goal of maximizing short-term profits. and they've been very successful at this. but it has come at a serious cost to the newspapers and the communities they serve. >> yang: talk about that cost, both in the newsroom and in the communities.

alden still follows its playbook of severe cuts and maximizing short-term profits. so i don't think they can plausibly make the case that they are trying to save these newspapers or put them on solid footing for the future. all signs point to them trying to take as much cash out of it as possible in the short term so it will show up on their ledger as a winning investment, whether or not the newspapers can survive another 10 or 15 years. >> you also write that the reaction to what they're doing provides a little optimism about 'newspapers futures? >> i spoke to a man in baltimore who is a wealthy philanthropist to try to save the baltimore sun from alden capital and was ultimately unsuccessful in that. since its acquisition of the sun , he has become convinced that the paper will not be able to provide the city with what it needs, so he has started to build his own nonprofit, digital newsroom from the ground up. he is investing a significant amount of money into it. he told me it will launch next year with a newsroom of 50 journalists, which is close to the size of

alden has been actively destroying the entities. the "denver post" was a profitable equity when alden acquired it. since then, the paper experienced several rounds of layoffs. in 2017, the "east bay times" won a pulitzer prize. one week later, 20 people were cut from the staff. joining me now is the staff writer for "the atlantic." latest artarticle, "a secretive hedge fund is gutting newsrooms." thank you for the article. i read it and was captivated by it. there is a connection between the gutting of local news outlets, which has been going on in america for decades, and this loss of democracy that i was just discussing with maria ressa and tim snyder before them. good local journalism encourages good civics. >> yeah, that's right. there's actually a pretty big body of research at this point that shows that when a local newspaper vanishes from a community, voter turnout drops, polarization increases, misinformation proliferates. there's even some evidence that city budgets will balloon because there's less accountability for the d

alden: let me first try to clarify this issue of binding this. the paris agreement is binding on all countries to put forward what are called nationally determined contributions, so it is bottom up, each country decides what they can do and commit to do it. it is binding in every country to report on how well they are doing in meeting those commitments. it is not binding on all countries to meet those commitments because the united states senate. if the agreement had required each country to meet those commitments, it would require submitting it to the senate for ratification and president knew there was not six he seven votes in the senate to ratify. the reason it is not binding to meet the commitments is because of the united states. the montreal protocol is a success story. it has worked well and was driven by science, including by maggie thatcher, the conservative prime minister of england at the time of the united kingdom, and she persuaded president reagan to support negotiation of the montreal protocol. that being said, it is a much easier

. national as we are, approaching the 2nd half of the program, a catholic bishops and fraud sort of alden with the government offer a damning report, reveals hundreds of thousands of crimes against children covered up by that. plus the program we hit one of the victims right after a very short brain. ah ah ah ah ah, so what we've got to do is identify the threats that we have. it's crazy even foundation, let it be an arms race. is an offense, very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successful, very clear to kill time time to sit down and talk oh, how could it be to join us for the sunday program here on our tea? the top catholic bishop in france has apologized and back tracked off to claiming church secrecy is above the law. he was only a reprimanded by the interior minister for saying that when priests loan of crimes during confession, they're not allowed to tell the police as follows, an inquiry which on us more than $300000.00 sex crimes against children in the french catholic church since the 1950s, and here at our tea we

alden, i'm going to pause your time for a minute. is that better? >> yes. >> i'm going to have the architect walk you through the project. >> -- this project has been supported by a group of strong talented women and a small army, including the project sponsors and our social equity partner, scott wolfe. next slide? next slide. we arrived at the concept for mary modern by recognizing that reports over the past few years show an increase of cannabis consumption among those that identify as women and that is an underserved market in cannabis. almost 50% of the population on cortland identified as women, making our location ideal. given our neighbors at the forefront, we've gone above and beyond to exceed the city's requirements outlined in our good neighbor policy. we're implementing technology platforms to promote order ahead for pick up and scheduled arrivals. on-site security will enforce parking laws, and patrons who double park will be denied entry. professional armed security guards as suggested by police will provide added secure in a much need

benjamin, even though president biden landed in rome last night, mc handed wentz his entire agenda alden congress, the white house today is waking up in an alternate reality where that deadlock was defeated. speak our government for too long has been locked in deadlock unable to get anything done because people are unwilling to come together and find consensus and common ground. the president ran for president saying that this was something he was going to do and is now delivering on that. >> but the challenge yesterday was not trying to find common ground between republicans and democrats but within his own party, joe biden thought he sealed a deal with moderates and progressives on a framework, but that was not the case. >> you are on board, aren't you? >> it was not clear whether the two senators have committed to vote for it. i think it's a little bit of a leap of faith in the president. >> i'm going to do my best to make a good bill even better, so i can answer that question. >> the framework is not finished like the white house suggested, both nancy pelosi and chuck schumer saying