Launching another attack on tripoli the libyan warlord after says his forces will stop fighting during the holy month of ramadan. Levon on sunday will bank under attack again during another nights of protests across several cities. Welcome to the Program Still early days in the worldwide recession brought about by the coronavirus pandemic but we do have a better sense of the damage it is doing the u. S. Economy the Worlds Largest a scene a decade of growth wiped out in just 3 months shrinking by almost 5 percent the u. S. Plane maker boeing has reported 1st quarter losses of more than 600000000. 00 over the same period its main european rival airbus losing 515000000. 00 and the e. U. s biggest economy just. Many forecasting its worst year since the end of world war 2 well begin with the u. S. We have this report from she have a tendency. The 4. 8 percent decline for g. D. P. Between january and march represents the largest decline since the 2008 recession Consumer Spending which accoun
Thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. So im joined here by olivier now at the peterson institute. Loretta loretta mester. And paul krugman, the economist at City University of new york and columnist for the new york times. Krugman is the guy who makes all journalists nervous because he seems to be more productive than the rest of us and thats kind of frightening given that he does all these other things on the side, but we ask discuss those things later. I wanted to start by asking each of the panelists what they took afwra the away from the conversation we had this morning. I want to start with olivier who makes the observation in the slide you see behind us thats been made about how the wage phillips curve behaves perhaps as one might have expected, but prices arent rising. So the question is what the hell is going on . Okay. So i had prepared a slide in anticipation. I think it has survived the previous three hour
Questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bottom. Thats kind of where we are right now. Has Monetary Policy been so well anchored. Have globalization and Technology Made raising prizes difficult . Has the economy evolved in ways the models simply havent been incorporated . And
In response to the crimes committed by the zionists in lebanon and gaza , the fighters of the Islamic Resistance targeted a unit of the zionist military around the jabal aldeir area , as a result of which a number of Occupying Soldiers were killed or wounded. More than 926 billion tomans have been damaged in the Agricultural Sector of the flooded areas in the south of sistan baluchistan. Chairman of keshab commission. In the visit of the members of this commission to the gardens and agricultural lands of the flooded areas in the south of sistan baluchistan, the Islamic Council said that most of the damages were to agricultural wells, water supply channels, and irrigation canals, which should be repaired in time. In short, these damages should be compensated. A lot of damage was done to the Agricultural Sector in the last weeks flood. Ha, the museum is all ruined, three ched. Whats the big deal that you were negligent, these were also destroyed , the wells went under water , the damages
Destroyed the russian patrol boat serhii kotov. It happened at night near the kerch strait, traffic on the kerch bridge was stopped for 8 hours. According to ukrainian intelligence , drones damaged serhiy kotovs stern and both sides. It is reported that among the Russian Military there were dead and wounded, but probably most of the crew, fifty people evacuated. This is information gur. Russia does not officially comment on this, as in previous such attacks, serhii kotov. What kind of ship is this . Patrol boat russia has four such corvettes, corvettes of this project. Two other Ukrainian Naval forces have been attacked earlier, here is how they schematically show it, which is significant. Serhii kotov is a new ship. It was launched in 2021 and joined the Russian Black Sea fleet after russia launched a fullscale invasion. He entered in may 2022. And this is what he looks like up close. This is an archive video of the russian ministry. Of defense serhiy kotov, a ship with weapons , a ra