Figures showing 6. 7 percent year on year growth in the 3rd quarter. Its a bright spot in a sea of otherwise bad economic news. The countrys currency, the lira has plunged in value, Foreign Investors continue to abandon the country. Inflation remains stubborn. And now corona virus infections are rising fast. Streets are empty are than usual. Turkey has reported record numbers of new coburg, 19 cases. Thats led the government to impose more restrictions. Theyre pushing many restaurants and Small Businesses to the brink of ruin. Fast food store and used to have 6 employees. Now he has only 2 left and he can hardly pay them because you know, thats why weve been struggling for 7 months. But now we are really thinking, what should i do . Mock up and go, i might have no other choice. The government of president , one has cut Interest Rates in an attempt to boost the economy, but the countrys central bank has no change course. In mid november, its new governor hiked the main lending rate by 4
And then move. On that shows that this is a very generous support package and i want to say i think it is absolutely justified he does if you are absolutely. Retailers and consumers what they are facing in these last couple of weeks of the year it will be an exceptionally quiet Holiday Season but the hope is that that will also be true for hospitals. Well for more on this im joined by our Political Correspondent. As you reported there. State of almost full lockdown has been announced as expected at one of the main takeaways. I think one really has to emphasize how quickly and comparatively smoothly this agreement was reached between chancellor merkel and the 16 regional leaders that is unusual because in the last 2 or 3 months they have met several times and these have been meetings that have been characterized by real infighting by acrimonious exchanges by trying to push through or to encourage strict measures and by the regional leaders refusing to accept those measures and wanting e
The committee will come to order. Without objection the chair is authorized to declare a recess at the committee at any time. I want to remind members of a few matters including some required by the regulations accompanying the House Resolution line 65 which established the frameworks were removed committee proceedings. I dont know if we have gone through this already but i would ask all members on the platform to keep themselves muted when they are not being recognized. This will minimize disturbances while members are asking questions of the witnesses. Members on the platform are responsible for muting and on muting themselves. The staff has been instructed not to mute members except where a member is being recognized and theres inadvertent background noise members on the platform are reminded that they may only attend one hearing at a time. If you are participating today, please remain with us during the hearing and members should try to avoid coming in and out of the meeting partic
You should have a box on your screen that shows how much time is remaining. Some trouble and ive had senators tell me they just cant find that box or they dont see it. Last hearing one of the senators asked me to give them a reminder. I will do that this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring to remind senators and witnesses that their time is a most expired, then at the end of five minutes, another bell will ring. That way we can all know how the clock is working even though we dont find it on our screens. Today we will receive testimony from the securities and Exchange Commission chairman jay clayton regarding the work and the. Genda of the sec thank you for your appearance before the committee today which is essential to our oversight of the sec. And welcome. You last appeared before this committee in december of last year. The covid19 pandemic hit the United States shortly after that hearing and thesec has taken many important ste