15 minutes. We talked about how americans adapted to abundance in the 18 twenties and 19 twenties, despite retailers and others the supply of goods continue to outstrip demand. This wasnt because every one of 106 million americans had everything they needed. It was because they didnt have adequate Purchasing Power, they didnt have adequate wages or income to buy all of that stuff. And it wasnt just americans who were in this situation. So two were our trading partners around the world. They didnt have enough income to buy all of the commodities we were producing in the fields and all of the wonderful things that our factories were making. So by the end of the 1920s, the american economy went bust because you guys all know this. You will know that the Stock Market crashed in 1929 and the World Economy went bust as well. A worldwide economic depression set in that lasted between 1929 and wasnt officially over until 1942. What was called the great depression could be considered a crisis o
The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will offer the prayer. The chaplain let us pray. Precious lord, your power, mercy, and grace continue to sustain us. Your power energizes us to face the challenges that require more than human wisdom. Your mercy protects us when we fall short of your glory. And your grace gives us merit we dont deserve. Lord, empower our senators for todays journey, providing them with confidence to draw near to you. May they pass through this day in companionship with you, lifting their hearts frequently in prayer. Give them wisdom to learn to be faithful stewards of the gifts you have provided. We pray in your holy name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with Liberty And Justice for all. The president pro tempore
Henderson and wagtoga counties in my state of North Carolina have been met with an outpouring of gratitude, Appreciation And Love from the members of the community they help keep safe. Last september we lost brian hendricks after he was shot and killed responding to a breakin. Officer hendricks was only 35 years old. He had two young children and set to be marrieds to his fiance the following month. Last december, Tyler Herndon was tragically killed in the line of duty days before his 26th birthday. In december, Officer Jason Shupin was shot and killed while responding to an attempted carjacking. Officer shuping was only 25 years old. He left behind his wife haley who, his high School Sweetheart. I had the sad honor to commemorate Law Enforcement Day and to honor officer shupins service. Most recently on april 28, North Carolina tragically lost two more Law Enforcement officers, Sergeant Chris Ward and K9 Deputy Logan fox of the Watoga County Sheriffs Office. They were responding to Al
welcome to the programme. the bank of england has warned the uk is facing its longest recession since records began, as it raised interest rates, by the biggest rise in 30 years. the 0.75 percentage point rise the eighth consecutive hike takes uk rates to from 2.25 per cent to 3 percent, meaning higher mortgage bills for many homeowners. the bank of england s move matches the us central bank s rate hike on wednesday, taking us rates to 3.75 to 4.0%. here s the bank of england governor. these are big changes. they have a real impact on people s lives. so, why are we doing it, and why are we doing it now when so many people are struggling with higher energy and food prices and other bills? we are increasing bank rate because inflation is too high. it is the bank s job to bring it down. a rise in interest rates can have an influence on things like credit card repayments and mortgages but also the interest paid on your savings. but the governor says this is the only way to r
hi, martha. martha: happy birthday to percy. good to see you all today. we have a very big story that is about to break here on the faulkner focus. powerful, long-time senate democrat and his wife are both about to be indicted. new jersey senator robert menendez, chairman of the powerful foreign relations committee, faces criminal corruption charges for the second time in just six years. welcome, i m martha maccallum in for harris this morning. a 2017 corruption case against menendez ended in a mistrial. now he and his wife are accused of accepting hundreds of thousands of dollars in bribes in exchange for using his power and influence as a senator. these are very serious charges as we heard from chris christie just a short time ago. the u.s. attorney for the southern district of new york is set to announce the unsealing of an indictment and that s going to come any moment. we will take you there live. but first senior congressional correspondent chad pergram on capitol h