Fanning the flames. What can the government do? we talked again about the issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects w
appliance company electrolux is setting up a task force to find alternative routes while ikea is warning of potential product shortages. ryan petersen from the supply chain management company flexport told me more about how the disruption is already impacting business. it s just getting started, but over the weekend and through today, we ve had all ten of the top container shipping lines in the world represented about 95% capacity have begun delivered vessels to avoid salem to the red sea and to go around the tip of africa, as you said. it takes about 25% longer to go that way, from asia to europe, and it went reduction in the supply of shipping, we are going to see huge delays, obviously, but also big price increases, because its supply and demand, and if the supply comes down .5%, one thing we ve learned last few years is a small disruption in supply can lead to a huge swing in price. indeed, we are seeing an impact on oil prices as well there. the united states planning to
all his life, he has used words, rhythm and rhyme to find humour and truth in the chaos of everyday life. thanks to the internet, one of his poems has become a worldwide viral sensation. so, where does his word magic come from? john cooper clarke, welcome to hardtalk. hello, stephen. it s great to have you here, john. ijust read your memoir and one of the first sentences in it is this one all my life, all i ever wanted to be was a professional poet. now, i ve heard of kids who want to be train drivers, professional footballers, but very rare to find a kid who always knew he wanted to be a poet. how come? when i say always, i guess from the age of 12 i became enamoured of poetry, thanks to an inspirational teacher, mr malone john malone. who, although he was a rugged, outdoor sporty type of guy, he was a complex character and had a weakness for the poetry of the 19th century the stuff you might find in the palgrave s golden treasury, which then was the go to anthology
judicial reform plans. hello and welcome to bbc news. we start with the news that the celebrated british tv presenter and comedian paul o grady has died at the age of 67. in a statement, his partner andre portasio said he passed away unexpectedly but peacefully on tuesday evening and thanked fans for all the love they have shown him over the years . paul o grady first came to fame as a drag artist before becoming a talk show presenter. our entertainment correspondent lizo mzimba looks back at his life and career. he first came to fame as the charismatic drag queen lily savage. the act, honed in a succession of pubs, had to be toned down for tv but it was as acerbic and acid tongued as ever. so i m stood having a drink and i looked over and here s ulrika walked in the door, wearing the same frock as me. i didn t even know she had a littlewoods catalogue, i was flaming. lily fast became an audience favourite, hosting some of tv s best known shows. it s thursday, it s 7pm, it
attacked the heart of the brazilian government. those tensions linger and there are questions too about the loyalties of brazil s military in a country with a past history of military dictatorship. president lula confronts many crises at home, including rising inequality, and he wants brazil to play a greater role on the world stage, declaring brazil is back. what can and will he do to rebuild this country? that s global questions, lula s new brazil. applause. and now you join us in this stunning setting of guanabara bay between the sugarloaf mountain and the soaring statue of christ the redeemer. and with me is a panel, a terrific panel of experts and our great local audience who gather here with us to ask some questions. so, let me start by introducing all of you to our panel, and all of those who are watching from home or wherever you are in the world. joao brant is notjust the secretary of digital policies at the ministry of social communications, in president lula s new