it s how people how risky people consider those investments to be, is benchmarked against us, the safest of assets. you ll have the cascading consequences throughout the global economy. very, very bad. i would point out there are a number of reasons to think when we hit that state where we run out of cash to pay our bills in full and on time, is probably moving a little sooner than congress realizes, in part because of things like extending the student debt repayment pause. that will probably cost somewhere around $40 billion. you also have interest rates going up. that means it s more expensive for the government to borrow and you have the rise in risk of recession which could mean, if we have a recession, lower tax revenues and potentially higher spending commitments for things like medicaid and food stamps. yet peer ot cli we come up against this same wall. quickly before we go, big indicators are pointing to not a
that every single is looking for. so as machines take over a lot ofjobs, it s actually the human skills, soft skills, dyslexic thinking skills that are needed for the future. companies are now waking up to that and actively recruiting for it. ~ . , that and actively recruiting forit.~ . ,, . for it. which is brilliant news, isn t for it. which is brilliant news, isn t it? - for it. which is brilliant news, isn t it? it s- for it. which is brilliant| news, isn t it? it s seen for it. which is brilliant i news, isn t it? it s seen more as a skill as opposed to something that may hold someone back for the employer back. so how do you advise those who would describe themselves as dyslexic as a way of promoting that as a benefit and a skill? linkedin adding it as a skill is a huge step forward. what i would suggest to anybody is do some research into what dyslexic thinking skills actually are because we spend so much of our time being tested and benchmarked against the things that we stru
to the government a price mechanism which will be based on what they suggest is a government subsidy scheme. what are they proposing? wholesale prices currently represent around 40 45% of the typical household energy bill. so the approach the customers that make companies are putting forward as an attempt to control that. underthe control that. under the proposal the wholesale control that. underthe proposal the wholesale price of gas and electricity will be agreed in advance and the price will be set for a given period such as one year, six months, and that will be benchmarked against the prevailing traded wholesale market prices on a day to day basis. if the prevailing price rose above that level than the government would have actively supply the difference meaning that the immediate cost to customers in their bills would not increase and supplies would be insulated from that wholesale price rise and that would work inversely as well. if the prevailing price fell below the agreed le
your benchmark year to see exactly how much chinese are travelling and not travelling. the first thing to say is benchmarked against pre pandemic levels and the chinese travelling southbound beyond china absolutely nothing is happening in terms of that travel. there is domestic travel. there is domestic travel happening in china, and currently, the levels of domestic travel for this chinese new year will be around about a third of what they were before the pandemic. now, you might say is that a good number? well it is not a good number? well it is not a good number benchmarked against the pandemic. in such a good number benched against last year s chinese new year, but actually what that reflects is that last chinese new year, the coronavirus was even more
the bill for ban is not included in that? we should take every extra step we can to cut russia off from global markets more, and more, and more that should include oil we should be moving towards energy independence the buy demonstration should get out of the way of north american energy production. so that europeans do not continue to make so many stupid decisions of tying themselves to putin s energy supply. we should cut off russia from energy supplies but we should be taking every step to ratchet up the pressure. want to talk about this later but what do you make of saudi arabia and china? this oil deal? the reason i ask is there is now talk they could use chinese currency for this, right? that is a big deal because u.s. dollar has been benchmarked for oil international all trading oil. and now, saudi arabia unhappy with the united states and kind of inching towards china, your thoughts for. the first of all the saudi s and pricing some of their commodity and chinese currency