Wants to install his own man at the bank that will oversee latin americas recovery from the pandemic but some nations are opposed to the moon. And the case of the gas power plant that wasnt built but the company was awarded billions of dollars nigeria goes to court to reverse that decision. Lebannon is bankrupt its been brought to its knees by the powerful Banking Industry and its ties to the political elite sometimes those ties have been indistinguishable over 2 decades money flowed from citizens to enrich bankers and as the currency crisis unfolded they extinguished any hopes of a recovery by blocking reforms and restricting access to money. Ordinary citizens cant get hold of their money and are limited to taking out just 200 dollars every 2 weeks and despite the controls in place to make sure money doesnt leave the country 6000000000 dollars has been smuggled out astonishingly its estimated some 29600000000. 00 could see part of the country this year while the International Monetary
Nationalist with. The future world war one. All knowledge is here. Hello im Darren Jordan this is counting the cost of aljazeera your look at the world of business economics this week corrupt and bankrupt powerful banking and political clowns have destroyed lebanons economy while people cant get access to their Bank Accounts billions have been moved out of the country. President trump wants to install his own man at the bank will oversee latin americas recovery from the pandemic but some nations are opposed to the move. And the case of the gas power plant that wasnt built but the company was awarded billions of dollars nigeria goes to court to reverse that decision. Lebanon is bankrupt its been brought to its knees by the powerful Banking Industry and its ties to the political elite sometimes those times have been indistinguishable over 2 decades money flowed from citizens to enrich bankers and as the currency crisis unfolded they extinguished any hopes of a recovery by blocking reform
Hello im down in jordan this is counting the cost on aljazeera your look at the world of business and economics this week corrupt. Banking and political clowns have destroyed lebanons economy people cant get access to their Bank Accounts billions have been moved out of the country. President trump wants to install his own man at the bank oversee latin americas recovery from the pandemic but some nations are opposed to the move. And the case of the gas power plant that wasnt built but the company was awarded billions of dollars nigeria goes to court to reverse that decision. Lebanon is bankrupt its been brought to its knees by the powerful Banking Industry and its ties to the political elite sometimes those times have been indistinguishable over 2 decades money flowed from citizens to enrich bankers and as the currency crisis unfolded they extinguished any hopes of a recovery by blocking reforms and restricting access to money ordinary citizens cant get hold of their money and are limit
That the recovery will be as strong as possible and to limit lasting damage to the economy. In recent months Economic Activity picked up as the economy began to rope. Many businesses opened their doors. Factories restarted production and many left their homes to engage in various activities. As a result Household Spending looks to have recovered about half of its earlier decline although spending for services such as air travel and hotels has shown much less of a pickup he recovery in Household Spending owes to benefits which provided substantial and timely support to household incomes. In contrast, indicators of businessfixeded investment have yet to show a recovery. Even with the improved Economic News in may and june, overall activity remains well below its level before the pandemic. The contraction in g. D. P. Will likely be the largest on record. The labor market has followed a similar pattern. After drops in march and april, employment rose strongly in may an june as many returne
Interest rates, remains unchanged for the recent rise in covid19 cases. This runs an hour. The pandemic continues to cause tremendous human and Economic Hardship in the United States and around the world. The most important response to this Public Health crisis has come from our healthcare workers and remaining grateful to them and many other essential workers for putting themselves at risk day after day in service to others and our country. All of us have a role to play in our nations responsibility to the pandemic. The Federal Reserve remains committed for using tools to do what we can to do as long as it takes to relieve stability and be as strong as possible. And lasting damage to the economy. In recent months Economic Activity picked up as the economy began to reopen. Many businesses opened their doors, restarted production and more people left their homes to engage in various activities which as a result Household Spending looks to have recovered half of its earlier decline, like