xi calling the relationship an eternal friendship. putin saying that the two are standing shoulder to shoulder against america s increasingly aggressive efforts to deter russia and china. xi jinping is trying to walk a delicate line. so far stopping short of providing lethal aid to russia. though the u.s. said he may be considering it. while also refusing to condemn the invasion. beijing is taking advantage of russia s isolation. trade between the two nations jumped to $190 billion last year. an increase of 30% from 2021. under cutting the impact of u.s.-led sanctions as chinese companies snap up cheap energy from russia. but beijing wants the worl to focus less on their friendship but more on xi who could broker peace deals like the deal he
after banking shares saw sharp falls on monday. the sell off continued in asia with japan s largest banks also seeing heavy losses. shares of mufg, miz uho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around %90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who s an international investment banker, founding partner at brigg macadam. talk to me about the perception of rate rises being not only part of the cause of this but also now the federal reserve having a rethink
shares of mufg, mizuho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around $90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who is an international investment banker and founding partner at brigg macadam. good to have you with us. let s pick up good to have you with us. let s pick up on that thought about rate because that progressive increase increase in interest rates has been one of the things cost for the collapse in svb. will the federal
proficient in math. school districts in other major metros are seeing declines post pandemic as well. in denver, only 28% of fourth gragraders were proficient in mh which is better than d.c., new york, l.a., philadelphia, or detroit, which had just 3% of its students at grade level according to the national assessment of educational progress annual report card. i think most people don t realize just how much ground students have lost and not don t realize what it s going to take to help kids catch up. while many districts have released plans to tackle the learning loss. harvard education researcher thomas kaine says most are not doing enough to get students back up to speed from months and years of learning loss during the pandemic despite receiving $190 billion in aid from the federal government cabs research how far behind loss instruction time during the pandemic. there are a lot of kids getting a s and b s right now who by any metric are far behind
drop from 2019. in baltimore and detroit, the already low number of students who tested proficient prepandemic got cut in half last year to 7% to 3%. reading, a lot of drops are to blame on the pandemic, impacts from remote learning. the federal government gave schools $190 billion, part of which was to help students catch up on lost learning, but thomas kane, an education researcher at harvard says that learning loss could be permanent. what nobody is doing is asking, okay, is there any reason to believe that s going to be enough? some school districts lost the equivalent of a whole year s worth of learning. you re not going to replace that with, like, getting 10% of kids to show up at summer school. just do the math on that.