All to be with you to celebrate this tremendous new book. The book is asia new geopolitic geopolitics. Book isk at an important time about the reshaping that is going on across the indo pacific reason. Its also the author of another great book right behind me talks about the end of the age century. Misha is why the most prolific i from the region just do it i did set up a google alert for what ever her essays are published. You will get it right away. Also hopes of a wonderful podcast that he does with john you on the pacific century. And of course the Asian Pacific reason as we cso many developments ongoing whether its from north korea or the latest aggressive actions of the Chinese Communist party. We could not have a more timely discussion about this vitally important region. And then joining us to facilitate this discussion as a brilliant scholar in her own right doctor nadia shadow is a senior fellow at the hudson institute. And as Deputy National security adviser or strategy in t
A different picture in europe for border controls are being eased and cafes and restaurants have fully reopened then friends. Family here the family of very short brooks the latest black man killed by police in the u. S. Call for justice and. The Russian Court sentences a former American Marine to 16 years for spying after a trial the u. S. Has branded a mockery of justice. In sport cancer officially opens its 3rd stadium for the 2022 world cup coronavirus a prerecorded ceremony rather than a long football match kicks off the Education City that. The World Health Organization has delivered fresh warnings about a post. 2nd wave of the corona virus with 100000 new infections now being reported almost every day the w. H. O. Said the outbreak in beijing is a concern more than 100 infections have been confirmed in the city after 50 days without a new case and in india around 15000000. 00 people will be locked down again in the city of shanghai from friday after a surge of infections there i
Real inflation remember he removed all they had donek adjustments now so we never actually see inflation in the fischel numbers but wealth richter at wall street dot com i think has figured out that where youre starting to see it and that is whats behind the sub prime Consumer Loan implosion these are the good times but why are subprime credit cards auto loans and short term installment loans blowing out ok weve got a situation in sub prime Consumer Loans the delinquency rate on credit card loan balances at the nearly 5000. 00 smaller commercial banks in the United States this means all banks except for the largest 100. 00 is blowing out according to Federal Reserve data and the 3rd quarter the delinquency rate at these banks rose to 6. 25 percent thats even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2. Years. Means 30 days or longer overdue your payments are. The largest banks have delinquency rate of 2. 58 percen
Sector. And as we cover here one explanation is greed and that these you know they used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing that persons going to go bankrupt so the missing inflation number has been discovered right because as you point out he donek adjustments hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the basket of c. P. I. Dont put in the basket of the inflation index that they use to report on Inflation Health Care was getting too expensive so they removed it however americans are now borrowing lots of money for that skyrocketing Price Health Care and we see that now in the defaults on their subprime credit rate and sub prime auto because you need a car. To get to work you need a car to get to the hospital and these are things that are not included in the basket so now the
Is he just think of 3 places bangladesh where we still have 1000000 refugees from the minority in myanmar and the still there conditions to go back seem to be still to be created syria where 6 or 6000000. 00 almost 6000000. 00 refugees in the neighboring countries millions displaced inside that we must work towards a solution and finally venezuela where it complicate that crisis is producing a very big movement of people we estimate that 34 event 5000 people a day are still living than a swathe of these are very diverse challenges theres many others but they somehow illustrate the complexity and do the job graphical spread of our past believe program day high commissioner for refugees of the United Nations thank you for joining us here on our 0 folly where the u. N. General assembly we get some to why. The speeches that you are used to one by one by leaders of Congress Countries they start on choose day to day the focus on climate you going to see the secretary general he has a hard hi