achieve a, quote, major break through. they re building up an extensive system of trenches in the south. tell us what you re seeing. yeah, there has been an extraordinary network dug possibly according to this british intelligence report the largest we ve seen since world war ii across the southern area of vap wreegsa and we ve driven along the ucrayian side of it for quite a past number of weeks here. often these are deep trenches followed by a significant sand back backed up by razor wire and these dragons teeth peer med shaped pieces of concrete form a complex set of defenses but certainly a challenge. there ll be very much in the mind of ukrainian forces as they probably in the days ahead if not already in the days behind begin the counter offensive in these areas. we simply don t know the full details of their plan to be honest, and weather is potentially playing into it. there s been an extraordinary lack of videos from ukrainian military over the past weeks they norm
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world. i m fareed zakaria coming to you from new york. today we ll devote most of the program to the global power struggles. we are witnessing. america versus china. america versus russia. we ll give you a republican roadmap for how to compete with china, with david mccormick, former top treasury official funds ceo and republican politicians. i ll also ask him about whether the gop four more years. needs to get beyond donald trump. but first a look deep inside russia. just what is vladimir putin s in . i ll talk to the new york times spirit chief anton troyanovsky. also. both beijing and moscow have spies and operatives in america that is a given. but revelations this week about exactly what both china and russia doing stateside shocked even longtime spy watchers. we will tell you all about it. but first here s my take. the united states and china have embarked on one of the most hair raising experiments in international history. both sides are now locked in a steady, escalat
bring down inflation or ease up on the fight to calm the banking sector. downplayed the federal reserve through all of this. we started out the sa santa clas by bringing zero interest rates which pushed people out of saved investments into venture capital. they became the arsenate dome arsenate during covid m no one would loan it to us the $5 trilf thin air and that caused inflation. but don t worry, they came in as the firefighters to put the fire out by dousing it with high interest rates. now, they are like the triage doctor to stabilize the patients, which are the banks. ashley: alexandria hoff with more from washington, alex. good morning, the federal reserve is in a tricky spot with rising consumer prices being revealed today. it has led to a rate hike but giving the turmoil the interest rates have caused the fight against inflation may have to be placed on hold. it was an attempt by silicon valley to lower interest rate risk which led to selling off securities we
by dousing it with high interest rates and now they re like the triage doctor trying to stabilize the patients, which are the banks. ashley: alexandria hoff is live in washington, good morning. alex alexandria: it would have led to another rate hike, that fight against inflation may have to be placed on hold. it was an attempt by silicon valley bank that led to selling off of securities. by thursday, stock began to nose dive and by friday regulators shut it down. sunday signature bank suffered the same fate and emergency measures were enacted. president biden tried to provide reassurance yesterday. president biden: americans can have confidence that the banking system is safe, deposits will be there. small businesses across the country is breathe easier knowing they will be able to pay their workers and bills and hard working employees can breathe easy. no loss and this is important points, no losses born by the taxpayers. biden administration says since investors were