Just a secure. Right place. Trying to. Shiny new figures from south africas Mining Sector but its all that letters gold we get some insights from the ground in south africa. And the leaders of brics countries meeting in brazil ya think global trade tensions and policy uncertainty are diminishing confidence. And im a bit officials accused of accepting millions of bribes from icelands biggest Fishing Companies step down from office. This is the w. Business im john meldrum a lot. And in berlin welcome once upon a time mining was the biggest single driver of growth in south africa while the sector was badly hit by the global recession a decade ago it continues to play an all Important Role in the economy close to half a 1000000 people work in mining more than in any other industry it accounts for over 7 percent of total economic output and is a vital source of foreign currency. Coal and diamonds have traditionally been a mainstay of the industry but its gold more than anything that has bro
Up with a little too much to make the game so special. For all true fans. To go more than football online play the 1st. Shiny new figures from south africas Mining Sector but its all that letters gold we get some insights from the ground in south africa. And the leaders of brics countries meeting in brazil you all say global trade tensions and policy uncertainty are diminishing confidence. And the bit officials accused of accepting millions of bribes from icelands biggest Fishing Companies step down from office. This is the w. Business im john meldrum. And in berlin welcome once upon a time mining was the biggest single driver of growth in south africa while the sector was badly hit by the global recession a decade ago that continues to play an all Important Role in the economy close to half a 1000000 people work in mining more than in any other industry it accounts for over 7 percent of total economic output and is a vital source of foreign currency coal and diamonds have traditionall
The message of inflation is going up in part because of wage pressures and the big drive is driven by shock. So i would kind of do that after the regional whats interesting under further study is that the wage for the u. S. Seems to be working very well. Thats the point and even over time it hasnt flattened very much thats t what mathew made in a nice discussion. Maybe more to see. It might be the call date has changed and they are left out for the cpi or city basket. But in terms in waste space, it sends to be working well and it is left here. Yes, you have raised many important points with your question. I think one way of thinking about it. I think the points you alluded to, those are price changes that are very salient, important for daily life and easy to measure. Its that, if you think about an iphone, lets say you have a price of 999 for the last 15 years, even though an iphone today is a very different animal than an iphone like 50 years ago. So official statistics takes this i
Our conversation from the Brookings Institution on Monetary Policy and inflation continues. Coming up, well hear from former fed chair ben bernanke and New York Times columnist and authored paul krugman. Thank you all for continuing the conversation. Its almost hard to believe theres anything left to say after those panels. So i was going to propose that we do this whole thing in rap. Or maybe in finnish, but i thought that was a little unfair given that i havent given the panel advanced warning of that. Thats right. Also, you wouldnt want to hear me. So i am joined here by Olivia Blanchard whos with the peterson institute, formerly of the International Monetary fund and m. I. T. Loretta mester, and ben beg your pardon ben bernanke, our colleague here at brookings, paul krugman, the economist at the university of new york and columnist for the New York Times. Krugman is the guy that makes all journalists nervous because he seems to be more productive than the rest of us and thats kind
Improve the quality of both monetary and fiscal policies and in particular the public understanding of them. Under the under the very able leadership of david wessel, weve worked to promote analytical rigor but also to make complex 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 bott