Wall street for us so yes volatility continuing it looks like investors are still worried that increasing Interest Rates this year will hit corporate profits or is there more to it than. That is one of the major reasons and now we can officially talk about a correction because the markets are down ten percent from the recent highs and still nobody wants to talk about correct but that is pretty painful what were seeing right now the s. And p. Five hundred has seen a loss of about two trillion dollars in market capitalization just within about two weeks and if you look at it yes there is Economic Growth but how did we get there in the past also because of Debt Financing from consumers also from corporations and the government for sure as well private Household Debt stands at around thirteen trillion dollars thats a record Corporate Companies have taken about eight trillion dollars in debt in the past couple of years and now that rates and yields are increasing that becomes more expensive
To drive a fog fog or is it unconscionable. It was also back in the eightys that the German Green Party was founded largely driven by mass and nuclear protests the demonstrations went on for decades and some of them were huge people feared for their lives and not without reason the sure noble catastrophe shocked the world in one thousand nine hundred eighty six but that didnt prevent fukushima from happening twenty five years later but it did get the German Government to finally act and herald a transition to renewables but what happened when the more recent admissions scandal hit the government stood by the Auto Industry and no ones taken to the streets in protest despite all the dates attributed to the mighty calm acres the stats show and pollution is a factor in the deaths of over four hundred thousand europeans every year why is no one protesting here you have the worlds top order manufacturer v. W. Along with so many others cheating on emissions tests for years just to get the che
Davos for the World Economic forum and hes brought one hundred executives and six ministers along with him. Narendra modis message was simple warning against the protectionist tendencies of some countries is diametrically opposed to u. S. President donald trump whos just imposed punitive tariffs on a range of imports. Paul said some argue are very many societies and countries are becoming more and more focused on themselves it feels like the opposite of globalization the negative impact of this kind of mindset and wrong priorities cant be seen as any less dangerous than Climate Change or terrorism. Modis speech was greeted with wide acclaim along duffels participants. So i think its ready of great time for you to snap me into it should be a cabaret too is other countries from your Climate Change the number one priority. I want to mention modi is also using davos to highlight his countrys progress in the switch to Sustainable Energy a sector he intends to expand forcefully. On day to we
Mainly people who are over 65, and very sadly the loss for each customer has been about £1,150. And last week, we heard of an elderly gentlemen aged 81 who had fallen foul of this scam a couple of times and had lost £20,000 as a result. So if such a call comes through, hang up. The same applies to apple, they say you can only buy apple stuff on an itunes vouchers, you cannot pay a tax bill with it. And now the weather. Things are looking quieter before more wild weather pushes in. Low pressure will bring Gale Force Winds to england and wales. 45 mph inland. Plenty of snow showers or even longer spells of snow across Northern Ireland in central and southern scotland in particular. Further south, a bit drier, but very windy. A wild night to come. Sunday will be very windy in the east to start. Gaels will eventually clear and sunday looking better than saturday with central, southern and eastern parts will be dry with sunshine. Blustery showers across western areas. Falling as snow in p
Point where we are desperate for rainfall. So, lets enjoy. This storm scan is empty, beautiful view out in the live network, sun could become a problem since it is rising over the horizon, shouldnt shall too bad. 55 degrees at cut town area middle school. Comfort owl side. Area temperatures elsewhere reading berks county low 60s, cool spot of this particular batch of observations goes to mount pocono. And Still Holding tough at 68 in philadelphia. And because that dew point is still relatively low, yes, it is a tranquil, comfortable morning, but we do expect to eventually see that humidity reaching up with time. And up in the poconos, probably the first spot where you might see shower or storm. Also, further inland suburbs, like berks or Lancaster County as the next cold front starts to move, in but it point, in the talking any severe weather, anything that comes through would be scattered. So it is casino of in the a big deal, i guess could you say. Im seeing it coming off the weekend