Inside the once majestic country of cambodia, after a decade of work, history witnessed the collapse of the regime. It was then one of the worst genocides the world had ever seen. This memorial helps to ensure that the world never forgets those who died during the years of the cambodia killing fields. Yet, there is more to the story. Ofre is the untold episode tens of thousands of survivors who sought refuge inside thailand. This is my father in a refugee camp in 1980. I knew that my father was a survivor of the killing fields but i was shocked to learn that he and many thousands of others faced a more terrifying atrocity. He massacre me to tells pushed him the story and i always said to him i dont want to. We lived it. He would say just tell me one time. That is how we get here to do a documentary. James taing, that is the opening to your documentary, gh mountai mountain. James this is the story of my father and the killing feels of cambodia. It is considered the second holocaust but
9000000000. 00 in addition to serious damages to infrastructure we have welcomed the statement by political leaders in Eastern Libya that called for a cease fire and a resumption of Oil Production however we have not yet seen cooperation from armed groups and the aggressors militias in fact we have only seen hostile remarks from their spokesperson and violations by their forces and their militias therefore we hold them responsible for any military confrontations and any resulting casualties understructure ladies and gentleman. We strived earnestly to address the Living Conditions and improve the performance of our sectors and to limit the proliferation of weapons and insecurity in many cases through cooperation with the un may support mission in libya we achieved tangible progress however these efforts were not sustainable because of external interventions and division among our institutions and the lack of Oil Production which is our most important source of revenue revenue. We always
Seem first, welcome to the program, thank you for joining us. It does seem to be a bit of a monday. What does that 02 . Why does the investor looking to buy risk assets question mark james assets . James the fall to 2 is encouraging people to take extra risks, on the basis that they cannot find adequate return and fixed increase interest. So they are having return free risk rather than risk free return. Matt why does it make sense to buy u. S. Assets right now . If i look at the wei on my bloomberg to see the moves in equities, the big drops that we have seen in europe to date are astounding. 25 is the year to date drop. 8. 5 . P 500 is down it looks like investors will continue to bid up u. S. Assets, why . James if we look at prior periods where we have low real yield, we see higher valuations of good quality companies. In previous growth bubbles we have seen priceearnings move between 45 and 65 and adjusted 31 times. People would say isnt that really very low . Rates,s very low cash
Previous lows of 1. 54 . A lot lower. The tail is lower than this. Another 25d get basis points. Quite heading toward 1. 5 . 1 . 1 is not impossible. To zero. E way down there is no lower bounds especially if we end up in a recession. If the economy is weak and the leading indicators point to that scenario. We and the rest of the world will go own long government bonds. Lisa on bears are dead. Guests. Me now, our lets start with you. Do you agree that yields, there is no lower bound, but the basement be the ceiling or whatever it is . The data, seriously the constellation of data in terms of inflation growth due point in that direction. There is going to be a limit in terms of how crowded the position will get. We are getting to that stage, the next 25 basis points or so, most are quite long duration. It will be limited in terms of how low they can go. The conversation around negative nominal yields is premature. Kevin you would have to give up on the fact that the u. S. Economy has no
Centre in westminster, where theyll make their first speech as leader moments later. This is the scene outside the hall, where mps and officials are starting to arrive to take their seats. Norman smith is there for us. Borisjohnson Boris Johnson and jeremy hunt borisjohnson and jeremy hunt are expected to arrive in the next two minutes on the challenge facing whoever wins is enormous. Tonight the tory party will give their vision to the country and deliver brexit by october the 31st. Well take you through every moment of this crucial day, as the conservative party selects the uks next Prime Minister. Good morning and welcome to westminster. Within the next hour, we will know who will be our next Prime Minister, as the result of the conservative leadership contest is announced. This is the scene live at the Queen Elizabeth ii Conference Centre here in westminster where the outcome of the ballot of conservative Party Members will be revealed. Borisjohnson is the clear favourite over his