Front line n. H. S. Doctor and dodgy tells us why clapping and charity for Britains National Health Service is just not good enough all the more coming up in todays going underground but 1st last time there was an economic crash major nations bailed out the rich this time around how can we stop the one percent from exploiting coronavirus to enrich themselves at the expense of the rest of us someone who predicted the 28. 00 crash was economist dean baker hes the cofounder of the center for economic and policy research and he joins me now via skype from utah in the usa thanks so much jeanne for coming on millions with coronavirus hundreds of thousands killed do you see some policymakers actually using cove it to pour money into Financial Services theres been 645000000000 of q. E. Just here for the city of long certainly that is the case and i just try to be a little fair to them in the sense that i think it does make sense for them to try to maintain stability in the Financial Markets so
To maintain stability in Financial Markets so that money is being way thats not being given so theyre doing a lot of things that i think are much more pernicious for example the United States that passed the tax cut the 170000000000. 00 over the next decade 17000000000. 00 a year to the Real Estate Industry that literally has nothing to do at least nothing that i or anyone else could think of has nothing to do with the pandemic so this all goes to the very wealthiest people in the country 17000000000 a year for things have nothing to it the pandemic is a bit like top. Back in 20 us yeah it is like tar i mean tarp in again i dont want to defend tarp at all but you know that was at least directly connected to the financial crisis these were banks i mean to my view many most im sure dont want to go under and they were bailed out but that was connect to the financial crisis the case of these Real Estate Tax breaks its just saying oh my god we have a bill has to go through congress were goi
Just here for the city of london certainly that is the case and i just try to be a little fair to them in the sense that i think it does make sense for truth to try to maintain stability in Financial Markets so that money is being way thats not being given so theyre doing a lot of things that i think are much more pernicious for example the United States they passed a tax cut that be 170000000000. 00 over the next decade 17000000000 a year to the Real Estate Industry that literally has nothing to do at least nothing that i or anyone else could think of has nothing to do with that and so this all goes to the very wealthiest people in the country 17000000000 a year for things have nothing to with the pandemic is it a bit like top. Back in 20 us yeah it is like tarp i mean tarp in again i dont want to defend tarp at all but you know that was at least directly connected to the financial crisis these were banks i mean to my view many most them should be allowed to go under and they were bai
Despite aggressive monitoring interventions. Im phil gail welcome to the program. German government has announced a series of bans and restrictions in response to the coronavirus pandemic im going to magically expected to announce the next phase of the governments action plan in just under an hour across the country all nonessential shops will close as will bars restaurants or concert halls and theaters and museums religious services will be halted until further notice germany has already partially closed its borders with france luxembourg switzerland austria and denmark so far at least 14 people in germany have died from the current virus. And get more on this from Political Correspondent to hans brandt welcome once one of these latest german restrictions due to come into effect well thatll be different from one federal state to the other in this federal state of bavaria these measures were already basically announced and implemented this morning and they will take effect on wednesday
To limit the spread of the contagion which is also pretty daily life and to a standstill well see how the job which the country. Im straining poses almost a total lockdown telling residents to remain inside their homes live update from madrid. Im sure welcome to the program. Markets around the world up are getting the week with heavy losses germanys benchmark dax fell 10 percent dipping below the 9000 point mark the 1st time since that 26th thing on wall street they coronavirus continues to dash traders hopes of a turnaround. From the start of coding in new york the bell seemed to be telling for stock prices this was the scene on the big board just a few seconds later. The dow jones sat down an enormous 9. 71 percent although it has since it cut slightly trading on the ass and p. 500. 00 was suspended after a 9 percent fall. Straight to new york that where we join t. W. Financial correspondent a yes quarter welcome a yes on the floor there well i just came back from europe last week th