Hurricane milton has re strengthened to a category five storm as it barrels straight towards florida. People there are evacuating en masse, ahead of its projected landfall on wednesday night local time. The national hurricane center says the storm has doubled in size since tuesday. You can see this timelapse, here shared by american astronaut matthew dominick, showing how this storm looks from space. Local authorities and weather experts say milton will bring a destructive storm surge, in which some areas will not be survivable. Hundreds of flights have been canceled ahead of its landfall, which is expected to bring strong winds of up to 165 mph or 270 kph. Milton comes just days after hurricane helene tore through the south eastern us; 225 people were killed by the natural disaster across six states. The back to back storms are expected to leave historic levels of damage that could take years to recover from. Unlike helene, milton will only pass through florida on its way to the atlan
Fanning the flames. What can the government do? we talked again about the issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects w
jobs. the stimulus did work but it just wasn t big enough. tamara brown is from the progressive think tank dmo it. i think in the short-term all of the trends all of the economic trends point to the fact that we need another stimulus. if we put more money into the economy doing things that need to be done. congressman chris tran who is a them of the democratic leadership. repair and building transit systems the workers have more none any in their pockets and they can go buy more goods and services and companies can sell more goods and services. this is one of the slowest recoveries most people ever experienced. democrats would say that is making government biggerug this whole idea of deficit spending stimulus isn t supported by the facts. dan mitchell is a senior fellow at the kato institute a free market think tank. the notion if you borrow money out of the economy s
jobs. argument number one, whether government spending creates jobs. the stimulus did work but it just wasn t big enough. tamara brown is from the progressive think tank dmo it. i think in the short-term all of the trends all of the economic trends point to the fact that we need another stimulus. if we put more money into the economy doing things that need to be done. congressman chris tran who is a them of the democratic leadership. repair and building transit systems the workers have more none any in their pockets and they can go buy more goods and services and companies can sell more goods and services. this is one of the slowest recoveries most people ever experienced. democrats would say that is because we didn t spend enough. making government bigger this whole idea of deficit spending stimulus isn t supported by the facts. dan mitchell is a senior fellow at the kato institute a free market think tank.
than they have in decades in how active they were in the 2010 campaign, and there s some nervousness, among some parts of the chamber, they re being perceived as pro-republican than pro-business. there s more alliance between republicans in the business community, but that s something they want to raise and that s something they think they can get out of the speech, the president coming over, and they both are meeting halfway and they can find some agreements, particularly on trade and exports. fascinating to watch the president use his time over there. look the appearance was all about trying to make the case that he s reaching out to the business community, number one. but to say which is the constant conversation you and i have heard, four months, about what s wrong with this economy, that the next level of stimulus isn t coming from the government, it s $2 trillion sitting in the bank accounts of corporate america. was the president specific at all in how to turn his words into a