global markets are eagerly waiting for the latest us inflation numbers and whether they will give any indication the rate has peaked. last week there was unexpectedly strong us jobs data which added to expectations the world s biggest economy is able to withstand a sharp interest rate rise by the federal reserve. but if inflation continues to soar it could change the likelihood of an aggressive big hike by the central bank. here s our north america business correspondent michelle fleury. after yea rs of no after years of no or at least hardly any inflation in the us, the past 12 months have seen consumer prices bugging sharply. the annual headline rate was 9.1%, the highest level for a0 years. economies expect the rate to call slightly to 8.7%. if that is the case that was ignored some welcome relief for us consumers and there are signs that americans do not expect inflation to continue at these levels for long. in addition, congress is about to pass the inflation reduction a
Second half of the material. Were going to be discussing mass production and the american system of manufacturers. Now as you well know. There are differences in the way economists and historians discuss issues in particular. I would sort of say historians plays a great emphasis on archival information descriptive statistics and testimony that was contemporary to the time in contrast social scientists, especially economists look very much for big overarching themes or a framework that will connect it together and sometimes that means ignoring the the details of the specifics of historical events are involved. And what were going to try to do is to try to bring both into today by looking at a debate or rather a literature on mass production and the Assembly Line. That as articulated by economists, but then using that framework to think about the issues by using an examples a couple of the major historical transformations in several industries in particular. Were going to talk about both
Okay, lets get started in this second half of the material. Were going to be discussing mass production and the american system of manufacturers. Now as you well know. There are differences in the way economists and historians discuss issues in particular. I would sort of say historians plays a great emphasis on archival information descriptive statistics and testimony that was contemporary to the time in contrast social scientists, especially economists look very much for big overarching themes or a framework that will connect it together and sometimes that means ignoring the the details of the specifics of historical events are involved. And what were going to try to do is to try to bring both into today by looking at a debate or rather a literature on mass production and the Assembly Line. That as articulated by economists, but then using that framework to think about the issues by using an examples a couple of the major historical transformations in several industries in particular
Of information act. Lyndon johnson had to be dried, kicking and screaming coming to sending the bill. The bill said, any person, not just a citizen, by request to get out of the government and he records the government held as long as they werent damaging to National Security or law or toement investigation personal privacy, basically. Lbj was reluctant because everyone of his federal agencies thought this was a nightmare. You think you mean people will be rummaging through our files . No, you cant do that. But bill moyers helped, the especially,itors marshall it. One of the things we found is that bill moyers had actually written a really nice statement for president johnson. Moyers had this ringing language. , they must have access to the policies and rules. Government officials should be able to pull curtains of secrecy. Good government functions best in the full light of day. Was great about that is we now own dailylbjs schedule that, on the telephone, johnson called moyers and sai