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 these futures around 7 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. system. 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, these bad property investments for a very long time but the banks need to have a better capital base 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 with a 1% return on assets. You need to get the
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
Authorities say they expect the death toll to rise significantly. Wildfires are still burning and firefighters are working to bring them under control. These pictures are from the Us National Guard which is providing assistance. Hawaiians are donating supplies to be sent to the worst affected areas. But locals on the island of maui say much more help is needed. Hawaiis governor gave this update. It is a harrowing sight in maui. When those providers, the police in this division, do come across scenes in houses or businesses, its very difficult for them because they know ultimately theyll be sharing with our people that there have been more fatalities. I do expect the numbers to rise. Our North America correspondent sophie long, whos on maui, has been hearing from some of the bereaved and survivors who have lost everything. She sent this report. The fire left more than a city devastated, and charred black buildings behind. Existential questions hover above the emptiness. How can you rebu
They deserve it. We must keep pushing and giving visibility. Translation its a double success. We managed to be world champions, but this is going to motivate a lot of young women to play football and other sports. Its wonderful. Translation ive been playing football since i was little. I feel like i was them. I wish i was there to celebrate. Its so exciting. The only goal of the game came from the spanish captain olga carmona. She slotted the winner past goalkeeper mary earps in the first half. It means englands wait to win a first womens world cup title goes on. In london there were tears, hugs and disappointment for the lionesses, who were looking to become the first england senior side since the mens team in 1966 to win the world cup. In a statement, king charles said. While i know how sore todays result must be, let none of you feel defeated, for to have reached the finals at all is an immense tribute to your skill, determination and team spirit in the finest sporting tradition. T