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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 ....
Is a great pleasure to have you in the studio, i wonder the right now you are feeling very depressed, and thejuly election in cambodia for the National Assembly the Ruling Peoples Party one 120 of the 125 seats. Was that really the final nail in the coffin of your Opposition Movement . 140. Your Opposition Movement . No, we continue your Opposition Movement . No, we continue the your Opposition Movement . Iirr, we continue the fight. It is an uphill battle. But i think in the end, democracy will prevail. The end, democracy will prevail the end, Democracy Will Revail ....
And pose a real threat. Yellowknife is now blanketed in smoke and fires are burning close to the one major road into and out of the city. Rebecca alty is the mayor of yellowknife. She told us what things were like there. Right now, its residents are evacuating by road. As many people as possible are doing that. Theres also, for folks who dont have vehicles, we are starting the air evacuations, so flights. We still have commercial flights, so some people have booked onto a commercial flight, but we have the Evacuation Flights also starting at 1pm. So getting folks registered for that just began an hour ago. So folks have been good, theres long line ups i think there was kilometres worth of a line up, so a bit of a snail s place out of town, its just one road in, one road out. That highway is where the fire is, so the highway can close. But right now, it is open. If the conditions change, if the smoke gets too heavy, if the fire ....
In other products like coal and timber but not all restrictions have been lifted. Some still remain on items like lobster and wine. Earlier, i spoke to clive russell, an economist who explains what has changed. I explains what has changed. 1 think the major change was first a political one, australia had an election last year and the Centre Left Labour government was elected replacing the more right wing liberal National Coalition government which allowed a resumption of relations between beijing and canberra which had been rocky. It was also a Creeping Realisation that there hadnt been any benefit to either party from the trade action that china took, certainly of cost china a lot of money to, to buy. Barley from other places, and coal as well, and it wasnt really a win for them and didnt really hurt austr ....