paul: welcome to the journal editorial report, i m paul gigot. the senate going into joe biden is his son hunter made a draconian gnat ick appearance on capitol hill and flouted a subpoena before the before a closed door deposition and defiant republican lawmakers and rizz father. in the depths of my addiction, i was extremely irresponsible with my finances, but to suggest that is grounds for an impeachment inquiry is beyond the absurd. it s shameless. there s no evidence to support the allegations that my father was financially involved in my business because it did not happen. paul: joining the panel this week, wall street columnist pam and senior fellow jason riley. kim, now that hunter has flouted that subpoena, what s next? well, it s pretty clear, paul, that the house, it might give him one more chance to see if he ll come in. they obviously later that same day voted to open a formal impeachment inquiry into the president. you can argue that hunter s defiance of tha
our climb will be steep. we may not get there in steep one year. we mayor even in one term.a, i e but america, i have never been more hopeful than i am tonight that we will get there. e. well, 15 years later, his party has gone from hope. nope, again, nope. they don t want biden the deterioration of our economy. well, we ve talked about this ad nauseam. abou obvious, but so is his own physical deterioration. ffect nauseanow, let s compare m fteen years ago to now. these are extraordinary times. this is an extraordinary election. the american people are ready. i am ready for rock is ready. this is his time. this is our time.. tiis is america s time. out. raq an iraq and irad n are iraq and iran. but iraq, not iran. it s really very, very dull when after all these years in public life, known for in two things ray ban sunglasses, the chocolate chip ice. wow.chip no iw undecer 51% of his own vos do not want him to run again. according to that new nbc agaiey that just came
welcome to our viewers on pbs in america and around the globe. a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low after the eurozone s central bank hiked interest rates by 0.5%. our north america correspondent peter bowes has more. this clearly is a big boost. there were fears he could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive because first republic alive because first republic is a very prominent bank here in california in los angeles, over the last few days we have seen people queueing outside to take their money, their investments out of that bank and placed them with other larger banks, such as been their concern that it cou
we begin in the us in what could become the largest product liability settlement in history. the pharmaceutical s giant, johnson &johnson has proposed paying almost $9 billion to settle tens of thousands of lawsuits that allege the company s talcum powders causes cancer. the new move seeks to resolve all current and future claims and follows a decade long legal battle between plaintiffs lawyers and johnson & johnson. my colleague samira hussain with the details. johnson &johnson johnson & johnson has johnson &johnson has been dogged for use by claims that its talcum powder causes cancer. in 2021 it settle a lawsuit in newjersey brought by 21 women who blame the company for that very cancer and is set aside another 2 billion to try to settle all future claims in what could add up future claims in what could add up to thousands of lawsuits. now the company says it will increase the potential size of all settlement to 8 $.9 billion. the company stopped selling it talcum product
and winds of change. cloud computing, augmented reality, and 100km/h yachts! how sailgp hopes to get the video game generation on board. this we start with the cost of borrowing because it is on the rise again. in the next few hours the bank of england and the european central bank are both expected to increase their main interest rates by half a percentage point to their highest in m years as they battle to bring inflation under control. good news for savers of course, but piling more pressure on businesses and many people with loans and mortgages. for the bank of england, it would be the tenth rise in a row and would take the cost of borrowing to 4% its highest since 2008. on wednesday the us federal reserve announced a quarter percent increase a much smaller rise than in recent months. but its chair, jerome powell, warned that it would not be the last. as samira hussain in new york reports after in new york reports a year of aggressive rate increases after a year o