their own oppression because it spression, becaus profitablee people with the victim mentality. savior, great to s xavier, great to see youee tonight. thanks so much. much. thanks for having me. the word destabilizing, that s what we re seeing today. e stabilizedst today. s have s and i think that s really important. i think sort of stabilized il a little bitized a. think t i think the president and secretary yellen and the federal reserve di secretary d a nice job. it was a lot of happy talk yesterday. but today reality has set in yee take, for instance, a warning from the former fdic head.d. i do think they re probably going to be more failures along the way. failures ait s the problem we he same one we had back in the nineteen seventies when outo the government was out of f control with its fiscal policies, its monetary policy, inflation set in and banks were mone ready for that or prepared for that. and right on cue, banking that giant credit suisse, the stock hit an all
chairman. he s kind enough to join us right now. bill, what do you see next? nice to be back with you. you and i seem to meet like this every ten or 20 years. we do. you re right. we don t really know what is going to happen right now. i do think there s probably going to be more failures along the way. the problem we have is the same one that we had back in 1970s when the government was out of control with its fiscal policies, monetary policies, inflation set in and banks were just a not ready for that. the thrifts were not, either. we wound it losing some 5,000 banks during that period. we won t lose anywhere near that number this time because we don t have that many. we lost so many. we only have about 4,500 banks today. i m not concerned about
to pensioners christine and mel. hello, are you all right? they receive parcels when they need and are grateful for the government support they have received so far. at the moment it s not too bad because i can still make something out of nothing but eventually if it gets any worse, then we will probably start to struggle. i think it de ends probably start to struggle. i think it depends how probably start to struggle. i think it depends how severe probably start to struggle. i think it depends how severe the - probably start to struggle. i think it depends how severe the winterj probably start to struggle. i think i it depends how severe the winter is going it depends how severe the winter is going to it depends how severe the winter is going to be. but back at the centre, which is also used as a sports hub, wayne says some of the customers he serves at the food bank are already wrestling with the cost of living. we ve had a lot of referrals on the form where it says absolutely
experts say the flooding emergency has been worsened by climate change and other new weather phenomenon. insurance companies warned that communities prone to flooding may be forced to relocate as new figures suggest that floods earlier this year were one of the country s costliest ever natural disasters. the food and drink federation has warned that relentless food prices may not peak until next year, with inflation set to hit double digits. the group, which represents uk food and drink manufacturers, said it usually takes between seven and 12 months for producers costs to reach shop shelves. our business correspondent noor nanji is here. no good news in this, as they are, because people are clearly already feeling the cost of living crisis. it is clear from what the federation is saying that prices have still got