So weve seen a year on year 6. 8 percent drop in chinas g. D. P. Which is really significant and quite in line with peoples expectations analysts expectations because the current virus control measures that the government put in place for a few weeks in february and march really saw the economy come to a standstill factories were closed businesses were closed hundreds of millions of people were stuck in doors and just to unpack that figure a bit more also manufacturing vestment in the 1st quarter was down 25 percent year on year Infrastructure Investment also down 20 percent retail sales down 19 percent so really at the more when the government is doing all it can to get the economy restarted the National Bureau of statistics has said that the economy faces new difficulties and new challenges but the long term growth of the economy shouldnt be affected well at the moment there are questions as to whether that can be possible because this is really taking chinas economy is really taking
A 51 percent increase in the number of reported cases in my own continent africa and a 60 per cent increase in the number of reported does with the current challenge of all painting testing kits its likely that the real numbers are higher than reported or rossi has signed is that an epidemiologist and professor at Massey College he says the pandemic poses a major threat to africas densely populated cities. Enemy of Public Health is a kraut and when you think of most african countries the uk hard to rise by overcrowding its actually in the urban areas but adding to that as well as Health Care Infrastructure are factors that can lead to serious illness and death for example endemic all year round in most of those countries are diseases such as tuberculosis it beat aids and malnutrition and those conditions tend to lead to compromised immune systems and therefore in fewer and lead death be done and lead to soonest disease and death so its a perfect recipe so dry an epidemic in the 2 explo
A white house that continues to try to put a positive spin on very negative news but thats going to become increasingly difficult because the numbers are expected to continue to rise in terms of the number of americans that are filing for unemployment claims in the United States in fact its expected that in the coming weeks that number that were at right now in the low 20 millions well it could double because the reality is that over night its predicted that roughly 46000000 americans lost their jobs and the only reason those numbers arent up at 46000000 right now is that the states where they processed these claims just cant cope with the sheer number of claims theyre overwhelmed theyre using antiquated Computer Systems and as a result the numbers we have are not really reflective of how many people dont have a job right now and just to make matters worse quickly the money that had been in that big rescue package the 2. 00 trillion dollars rescue package from congress well 35000000000
Proud of the realignment of the podcast last year especially for those who have not been following that that you take a look at the episodes of last year those conversations with secretary of state mike pompeo and Mike Gallagher and others with an Excellent Program with their ability to bring out topics and to move the argument along we went to thank them for that we are happy to launch this Years Program as many of you know is a prolific writer with a dozenf books and cofounder of the new American Foundation toy encourage from Walter Russell mead a professor at the university of texas and important for tonights conversation the author of the new class war faith in democracy from the managerial elite was just published today so we are just here at the launch congratulations. A direct line between the new class war and that which best exemplified the next American Revolution and whether you agree witham this interpretation of politics since world war ii to demonstrate thatst serious eff
The big market mover is gold, and this is a classic flight to safety. Its getting closer to 1600 an ounce. Thats a sevenyear high. 1577, up 25 bucks as of now. Price of oil, 63 a barrel. Can you imagine where the price would be if the general had been killed a few years ago, before america became Energy Independent . Got it. Here are the late news developments. The iranians threaten retaliation. Hundreds of thousands marched through tehran for the generals funeral. The iranians say they will no longer comply with Nuclear Enrichment limits contained in the nuke deal from which mr. Trump was already withdrawn. No backing down from President Trump. Oh, no. After the iraqis demanded the withdrawal of american troops, the president threatened to send them a bill for the bases we had built for them and he threatened to respond to any iranian attack by going after cultural sites. This has been hard line trump. In washington, Speaker Pelosi will organize a vote this week to restrict the presid