From our studios in new york city, this is charlie rose. Larry summers is here. He is president of harvard university. He served as director of president obamas economic council. The ecb said they will buy more than one julian trillion in assets. I am pleased to have larry selmers summers back at the table. You were at doubles, i was at doubles davos, i was at davos. What was the sense about the economy and the state of the world . The theme was said to be the context. Charlie, it was something intermediate. It was not euphoric but not as dark as it was in 2009 or 2010 at the height of the financial crisis. There is a growing concern about a deflationary psychology, a sense of stagnation. Almost pathologically low Interest Rates. Taking hold in many places. There was an undertow of concern. I think people admired what mario draghi did. They admired it more than they were confident it would be sufficient to solve europes profound problems covered that is your position. That is what i be
To the mother of a local firefighter who is also faceing huge obstacles. Good evening im dawn timmeney. Im joyce evans. The house seemed to collapse just as the fire was finally knock down. Fox 29s brad sattin is live near the scene tonight. Brad, you have the very latest on this story. Reporter joyce nothing but hardship for the last few years for this family. Take look. The fire is now out behind us. In fact just a huge pile of rubble. Theres a fence that was put up over the course of the last couple of hours. But really this is turned into a personal story for the 46 firefighter it took on the scene here today. They have been very supportive of one of their own and had to again today. With up to 40 miles an hour winds this home on stow road never stood a chance. What started as a rubbish fire outside quickly took over the home and within minutes it all came down. We had early collapse of the roof into the second floor then shortly thereafter the second floor into the first floor. Re
Im in the trying to make a joke, i swear. Good morning. Bright side is, that the roads are, no major problems out there taking a look at route one in bucks count any major delays. We have early Police Activity around bridge treat but that cleared up out of the way. We could have rush hour coming along soon. Ill have a full report in a few moment. Erika. Vittoria thank you. One hundred tenant are waiting to go back to see is what left of their apartments after a four alarm fire in northeast philadelphia fire investigators hope ruins can tell them how the fire started. Eyewitness News Reporter jan carabao is live on the scene in academy road, good morning. Reporter good morning. That is right. The just about a hundred people are displaced this morning after a four alarm fire their apartment complex is still taped off and a lot of road in the the area are blocked off as well. So keep that in mind if you are traveling around northeast philadelphia this morning. In the meantime a lot of kes
Buildings utility room and these flames spread quickly. Because fire spread to the walls and extended to the third floor, at that point we started evacuating occupants of the out building. Reporter five people were taken the two the hospital with minor injuries. As crews battled the flames residents were with used to the temporary shelter at lincoln high school. We are making sure they have what they need to get through the night. It is horrible. Terrible. I have have never been through this before. I dont know how to react to it. Reporter many in the neighborhood watched the inferno from a across the street with that same disbelief. You dont know what to feel or what to say, it is just so sad. Reporter fire commissioner adds that out of the roughly 100 people who have been displaced because of this fire american 50 had to stay at that temporary shelter. Here on the scene you can see that this areas still block off, if you travel in this part of the northeast philadelphia. The the caus
Behind me it has since been upgraded. Tipped after this incident which is now several hours old. Let us take you to the scene. Heres what we know a15yearold boy in Critical Condition right now at chop at Childrens Hospital following following this accident at 2 15 this afternoon at 58th and cobbs creek. Witnesses telling us four teenaged boys were racing on the 2atvs going in and out of traffic. They came upon traffic here wait tag red light. They may have clipped each others tires and one apparently turned too quickly. The driver went over the handlebars landing on his head and not wearing a helmet. The two teens were being told on the other atv left the scene but witnesses say they did come back. The veepyearold driver of one. Atvs seriously hurt. They tried to swerve out of the way of that white truck waiting at the light h chance to talk to that truck driver and to a nurse who was nearby church and one of two nurses to perform cpr on the boy. I seen 2atvs raceing and next thing i k