Year in a row. And this is what draws attention to in 2023, when we were sitting on this stage, the ruble and the dollar were about 60 rubles. For the dollar it came to the stops, it even went beyond 100 now, the last ones. I looked at the volumes, but they were very, very large, and at the end of the twenty second year, the russian currency became the most valuable in the world, as in such conditions. In general , predicting something is, of course, a question that requires its own painstaking research by the central bank and the government of the Russian Federation is the socalled financial authorities, but in general. I dont think that there are any completely insurmountable problems here, a significant factor in the weakening of the ruble and the shortage of foreign currency, according to putin, is that russian exporters are holding back their Foreign Exchange earnings. When the dollar was 60, there were no ruble supply chains for imports and import has now been established. Eh, ev
Expanding trade with africa. We may also hear more about the shortterm spending measure that republicans unveiled last night which would fund the federal government through february 16. Debate in the house likely tomorrow. Live house coverage is here on cspan. The speaker the house will be in order. The prayer will be offered by our chaplain, father conroy. Chaplain conroy let us pray. Lord god, architect of the universe and advocate for us all, thank you for giving us another day. When we rise from sleep activities of the day stir the mind, having a job to fulfill sets us into routine as a people with purpose. Daily work demonstrates responsibility and manifest our participation in your creative power. Mind and body together become engaged in productivity, success tenance or Service Beyond ourselves. Because human work bestows a special dignity upon a person and achieve a just society, we know how important it is for us to pray for the unemployed and those who work but still struggle
Welcome to brookings. Richard reeves, the gentlemen to my right not politically, but to my right. And i codirect a center here called the center on children and families which we are extremely pleased to do. Were pleased to be holding this event, as well, about an old policy idea, which is often called the childrens allowance, a species of guaranteed annual income with some new twists. Why would we be concerned about a childrens allowance, the idea of giving a guaranteed cash benefit to families. I think there are a lot of reasons but i think two are predominant. One has always been a good reason to do it and that is it costs a lot of money to raise a child. At least a quarter of a million dollars, estimates vary greatly. Wealthy families spend more and so forth. But it is a lot of money to raise children. And they are the future of society so it makes sense that we would subsidize families to try to compensate them for the money that they have to spend for children, because would the
Programs available to children and their parents. Welcome to black irookings. Along with richard reeves, the gentleman to my right, and i codirect the center here called the center on children and families which were extremely pleased to do. And were pleased to be holding this event as well. About an old policy idea which is often called the childrens allowance. A species of guaranteed annual income. With some new twists. Why would be concerned about the childrens allowance, the idea of giving a guaranteed cash benefit to families. And i think there are a lot of reasons but i think two are predominant. One has always been a good reason to do it, and that is it costs a lot of money to raise a child, at least a quarter of a million dollars. The estimates vary greatly. But it is a lot of money to raise children. And theyre the ffew future. Without kids we wouldnt have a future. The second is an issue of debate. Maybe well have some today about that. And that is since welfare reform in 96
[inaudible conversations] welcome back. This is a panel on how government policy drives up the prices for the poor and this panel is how Government Policies limit opportunities for. In a lot of ways poor are getting a double hit. They have to pay higher prices which affect them disproportionately than higher earners and so they would just like if they had more opportunity to make money to pay those prices it would be better however, the Government Policies will talk about in this panel limit the opportunities for them to get a job or for anyone to get a job but the most in need people are the ones who need it the most. We are running behind time several cut straight to the introductions. Lisa is the director of Strategic Research at the institute of justice she helps manage the institute Strategic Research initiative which great policy and social research on central to the mission. Poor working as a director of Strategic Research she served as the Institute Director of vacations and sh