Finance over the past decade global dead has ballooned by more than 70 trillion dollars which again has been driven by both governments and corporations so christine lets break this down here because were talking about a global debt that is really equivalent to 320 percent again these numbers are so hard to even fathom 320 percent of global Gross Domestic Product how is that sustainable on any level is not sustainable and thats why this rising debt level that has absolutely no signs of slowing down has been flagged by economists as one of the biggest risks for the economy and probably the next breaking point and right now as you point out this is a combination of both Government Debt public that as well as private debt and the private debt its even more concerning even though Government Debt thats the most attention private nonfinancial day in the u. S. Is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because its more p
Upper 60s around the bay and coastside staying in the mid60s with the steady on shore push. By the afternoon we will be a few degrees cooler inland. 87. Mid70s around the bay and high clouds throughout the afternoon. So a nice start to summer. We will tell you about the second half of the weekend and the rest of the upcoming work week. Of developing news out of berkeley where ten people are displaced following an Apartment Fire that broke out overnight. It housed three apartment units. It took fire crews almost an hour to put out the flames. Officials estimate about 300,000 in damage was done. No word on what caused the fire. A fivealarm fire that destroyed several homes West Fairfield is out this morning. Firefighters remained on the scene overnight to make sure there werent any flareups. Heres what it looked like at 5 00 p. M. Yesterday. The front of the home is on fire and firefighters are trying to put it out. Another hour later another structure is destroyed by the fire. And you s
Inland, morgan hill, fairfield and concord, it will be a warm day today. Midand upper 80s. Plenty going on around the bay today. We will talk about the weekend forecast and the full week of summer coming up. Thank you you, lisa. Developing news out of berkeley where ten people are displaced following a Apartment Fire t broke out overnight. It houses three apartment units. It took fire crews almost an thundershower to put out the names. Officials estimate about 300,000 in damage was done. No word on what caused the fire. A fire destroyed several homes West Fairfield south this morning. Firefighters remained on the scene overnight to make sure there werent any flareups. Heres what it looked like at 55 00 p. M. Yesterday. The front of the home is on fire and firefighters are trying to put it out. Another hour later another structure is destroyed by the fire. And you see several fire trucks with hoses dousing the flames. By 7 00 you see the remnants of the first home we showed you. All tha
And 85 livermore and south bay for morgan hill. I will have a sneak peak at your weekend coming up, good morning, sal. Good morning, Rosemary Orozco, traffic is doing well along the westbound freeway and it is continuing to move well as we look at the east shore traffic is moving along well and i just want to mention, they will be coming to the mcarthur maze and july 11th this will be from 9 00 to 5 00 a. M. And this will affect Early Morning commuters and right now traffic is light in the area and i just want to let you know about it and this is a look at the bay bridge toll plaza and traffic is moving a long relatively well. Northbound 87 just before taylor, there is a crash here at Taylor Street and paramedics are on the way and south bay drive is looking good on all the other freeways. Lets go back to the desk. They are searching for three men in connection with the attack on campus last night. Alex savage joins us this morning and alex, we understand it all started with a car acci
Lets talk about weather and traffic. You are right, we have those low clouds from the west and we have that month tunenal moisture which is dolling in from east and yes, we are with partly to mostly cloudy cloudy skies going on for many and i know you see a few sprinkles coming up. We have a few hitting the ground but it evaporates before leaving and as we get into the afternoon these clouds are thinning out 60 degrees in fairfield and 06 in livermore. We remain partly cloudy and as we get into the second half lower of 0s 60s at your lunch hour and our warmer spots going into upper 80s and 87 for antioch and 85 for concord and mid80s for morgan hill and oakland 64 in San Francisco and 80 degrees in San Francisco and san jose. He have got your econtinued forecast coming up. And we are looking at a commute which is busier and we are getting closer to the east shore commute and it will be slow but not a huge slow down and and westbound 508 is a mess because of some earlier issues are now