See you know we hear you know depending on what side of the political aisle you are you know how well the economy is doing well its doing really well for rich people and that is undeniable when it goes a little bit further down i think its a lot more nuanced than the talking points that you hear on c. N. N. Or fox go ahead alexandra. I think i think youre right peter its always more nuanced than that the talking points from here on fox but i mean adam smith himself wasnt naive and he recognized he wrote in his wealth of nations about the that that that free markets would produce inequality he wrote for everyone rich men there will be 500. 00 poor and right but for him the universal opulence that free markets would produce was worth was worth it and we see that empirically objectively that that capitalism has has done a lot of good and reducing global poverty the number of times it was all those who live on a dollar a day has reduced by 80 percent in the. Last 3 and a half decades and s
In patients using nhs services. Tamara ecclestone the daughter of former formula 1 boss, Bernie Ecclestone has a reported £50 million worth of jewellery stolen from her london home. Sleep in heavenly peace. The Prime Minister, Boris Johnson, will welcome more than a hundred new conservative mps and, 78 year old terrence who was surprised last week by bbc to westminster today as he aims breakfast after saying hed spent 20 to deliver on his election promise christmases in a row on his own to get brexit done. Is serenaded at Sheffield City hall. Parliament wont officially open until thursday, christmases in a row on his own so what can the new intake expect from their first week in westminster . Today, therell be a minor Cabinet Reshuffle to replace ministers who lost their seat or didnt stand for re election. Tomorrow, the speaker will begin the process of swearing in mps, who are required to take an oath of allegiance to the crown. On thursday, the queen will formally open parliament w
That he holds no fear going into his highly anticipated rematch with andy ruinunior. I tell you, i am punching like a horse kicking back right now. My kinetic chain, my rhythm, theres no tension in my body. We say loose and heavy, loose and heavy. Good morning, and welcome to the bbc news at 9. With just a week to go until the country goes to the polls, the conservatives have outlined what theyll do in their first 100 days in office. Boris johnson has promised a tax cutting budget in february, as well as protections for some of the pledges already made in the campaign so far. On the health service, theyve promised to enshrine in law the extra £39. 9 billion a year they have promised for the nhs up to 2023. On crime, theyve promised a law to end the automatic release of serious violent offenders, like the man responsible for the London Bridge terror attack. And theyve promised to start recruiting the 20,000 police officers, and 50,000 nurses for the nhs theyve been talking about in the
Markets. We have the latest from d. C. Bob is on the floor of the New York Stock Exchange with todays big movers we start with you. Nato leaders have a long lis of item but President Trump is talking trade. Thats in response to france is taking share of tech giants revenue. The u. S. Is considering new tariffs on french luxury, goods even though the two countries stuck a 90 hhday truce in august that didnt happen it could be another work around and leaving the door open there. Markets are focused on china with President Trump now saying the deal could be shelved until next year. I have no deadline, no. In some ways i think its better the wait until after the election, you want to know the truth. I think its better to wait until after the election with china. Reporter thats the existing 53day truce on shaky ground ahead of a new round of tariffs that would hit consumers the trump were to delay those without a deal or another development in talks, that would be the fourth time that he ha
Now it really begs the question over if its classical kind of adam smith and David Ricardo Joseph Schumpeter capitalism as taught in college and grad school or if its more of an i and randy and servile of the fittest at any and all costs by any means necessary vulture market fundamentalism that is built on increasing amounts of Financial Leverage and speculation versus actual manufacturing productivity and this is stand ability of a middle class i dont think its working in the same way that it had in decades past ok its good alexander in indianapolis i mean i think thats the point here is that i had im actually for capitalism ok i dont want any misunderstanding but im i want to work for everyone or more people and its working for now ok because we we see you know we hear you know depending on what side of the. Little ol you are you know how well the economy is doing well its doing really well for rich people and that is undeniable when it goes a little bit further down i think its a lo