Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Captioning performed by vitac there are some well known differences in the current economic environment compared to past environments that make the yield curve a little less of an indicator. The probabilities are pretty high. If you take the unjusted measure, and the other financial variabilities, a year from now, the Second Quarter of 2020, the probability of recession is roughly twothirds. If i make an adjustment, its still high, its not far away. The shaded bars represent recessions. Every time this measure goes over 40 , weve had a recession. And theres a lot of more fundamental reasons to be a little nervous about whats going on out there and why recession risks are high. If you look globally, a number of Major Economies are already in recession or pretty close. Germany, italy, the uk, brexit is complicating things for them. Mexico, brazil, singapore, its small but most open economy on
Alex. We begin this afternoon of the south bay. More than one dozen homes evacuated because of a grass fire. This grass fire started around 12 15 around santa teresa boulevard in set south san jose. So far the fire has burned 75 acres, 15 homes evacuated and people in the surrounding area are being told to stay indoors because of heavy smoke. Crews say they have stopped forward progress of the fire but the extreme heat today is taking a toll on efforts. And increases the workload on the firefighters. It also in creases the spread of fire. As fuel dreiser, humidity dries out pick the fire may have started after a vehicle hit a power pole. Pg e says about 1700 customers are without power and santa teresa boulevard is closed in both directions. As flames spread in the hillside in san jose, fire crews brave triple digit temperatures to clear brush in the east bay. Tom vacar joins us from Wildcat Canyon road on the challenges facing firefighters. Reporter this enormous project we are going
Edward lawrence is at the white house. Jackie deangelis on the floor of the New York Stock Exchange and grade did Grady Trimble watcg the oil and gold from the cme. Edward, what is going on . Reporter labeling china a currency manipulator trigger ad process to allow the International Monetary fund to mediate negotiations. These negotiations over currency though of the Treasury Department working on a report hassing suggestion for china to get off the list. In that report will be a few suggestions already that the u. S. Would like to see the trade imbalance between china and the United States come more in line. They would like to be, see china more transparent on their exchange, how the Currency Exchange actually works. As well as chinas reserve management operations. They want to see more transparency there. The central bank of china says they do not manipulate the currency although today the yuan stablized against the dollar. The administration is saying this is more than just about c
Check the book fairs tab on our web site, booktv. Org. Good morning, everyone. Welcome to the council on Foreign Relations. Its a pleasure to have George Packer here for the somewhat be a late launch of the issue on forever affairs. Most of you know georges byline very well. You probably know his most recent books, the assassins the most important chronicle of the early years of the iraq war, the unwinding which won the National Book award in 2014 13 and now his new book, our man, rich holbrooke and the end of the american century. We were thrilled to have an excerpt of it in Foreign Affairs in this issue, focusing on vietnam and afghanistan which we will talk about in the course of this conversation. I recommend the peace hartley to all consecutive you nose at a substitute nor book but as a teaser. Im confident if you read the 8,000 word inside Foreign Affairs youll read the entire a 500 or so pages in the hard cover edition. It is a really extraordinary and fascinating book. Both as
A deal which has now been approved by a court in johannesburg up 2100000 miners or their dependents could benefit many of them suffered from lung disease and other illnesses as a result of their work which is poor as human rights lawyer whos been working on the case for many years he says the courts decision sets a landmark in the history of miners rights in south africa. Before this there was no such rot in south africa and there was no civil accountability on the part of employers towards workman who suffered from occupational diseases so that was the big bright 3 treaty 11 but the last 78 years of being spent litigating against the Mining Companies and the last several years in parallel with at a geisha in process. Sit of negotiations that culminated in the settlement that was approved today we had a migrant labor system for many many decades the majority of the most living in deep religious in south africa and in neighboring countries like mozambique pursued to in swaziland where t