Balance of opening our business, but they will only be as successful as the Customer Confidence that is there to patronize those businesses. That is not just for the hospitality. That is true for all business. Retail has been the hardest hit. My understanding is over 2 of businesses have closed permanently already. How are we to address this Consumer Health issue . I know this is something you have talked about. What should we be doing . Chairman powell it affects different sectors of the economy differently. The ones we talked about are the ones we are exposed to. Other sectors of the economy may be able to recover much more quickly, and we certainly hope so. Thing is people believing it is safe to go back to work. That is about having a sensible, thoughtful reopening of the country, something we all want. Something we are in the early stages of. That is what it will take for people regain confidence and resume their activities. At a different pace depending on the nature of the busin
Up the infrastructure there to protect it the walls around it needed to be higher because they had already predicted both the government in the company that this thing was susceptible to floodwaters that was a failure theyve known about it for years the infrastructure at the day i am that failed failed and caused the flood itself they knew that needed to be fixed and repaired and updated the company had actually already lost its license for failure to comply for years so were talking about catastrophic failures across the board state federal governments corporate you could not have had a more complete failure from every player all. I think that the detroit the water problem in detroit same kind of analysis infrastructure failure State Government does nothing about it but now this cat was named jacob carter scientist for a union concerned scientist. Comes out well this is a federal problem no its not a federal problem its partially a federal problem but when you are in the state and you
Floodwaters in michigan last week and ended up maine galing with toxic chemicals from a dow Chemical Plant i have fair and cousins from drill our magazine to talk about it this is pretty disturbing article i mean if youre a resident or a farmer around that plant youre in big trouble right now but ill tell you the take on it was it was so odd to me the take on it was well the federal governments responsible no the federal governments not responsible for what happened here theyve allowed the infrastructure to fall apart and theyve allowed dow chemical to do everything they wanted to do with their toxins in that Middle America that nobody to blame but them i really dont see anybody to blame but no right and this is a you know were suddenly dealing with this issue but these were failures that were set up for decades as you mentioned the infrastructure the superfund site the dow chemical was running or or you know not cleaning up basically they needed to clean up the infrastructure there to
2. 95 . There were talks yesterday about another policy easing soon. There we have it today. The china 10 year bond futures rising on the back of that. The taiex currently down by 2 10 of 1 . T mnc will build the new mac chip. Apple is working on its own mac processes. It will be faster than the processors in the iphone as well as the ipad. The benchmark in new zealand currently bucking the trend, up a marginal 1 10 of 1 . Rishaad absolutely. Getting more details on that. The pboc acting in order to show sufficient liquidity in the system. Injecting merely a billion dollars worth of you want into the banking system. Weve got that declining or cut by 20 basis points. 3. 15 . Direction from our chief asian market strategist. Money intoue to pump the system, the financial system. Does it end up in the right places . This is targeted, hence the name. As the we. Look at chinas policy execution in the past six months. Lot that emphasized a these liquidities need to go to the real economy, to
Proud moments when we persuaded her to do that. So im honored to kick off what i know will be a fascinating discussion about the influence oof the influence ofeurope on tl marketplace. Last year the wall street journal called the decline of europe a force in World Affairs the most consequential shift of the last 100 years and there is some truth in that since world war ii military influence of europe is certainly declined, and its also true the Economic Growth has been compared favorably with that of the United States or for example with china or india. And of course efforts to maintain an Economic Union have been more complicated greatly as we all know. But still, i think professor bradford sees things a little differently and in her book the brussels effect of the European Union rules the world which is here and also back there and you must have a copy, professor bradford argues that it remains a critically important economic superpower and makes the case very persuasively that conti