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The hearing will come to order. Last congress this Committee Held two hearings examining the currency ecosystem. Those hearings we heard about some of the developments that have occurred and tha and and tr ijokerin the marketplace since e creation in 2008. The potential benefits of the Digital Currencies and the concerns about the value of stability, quality and illicit uses market manipulation and privacy. Since then facebook announced its intentions to launch the system into Digital Currency that will be governed by the association comprised of up to 100 financial and nonfinancial members including facebook digital wallet service. Facebook project generated renewed interest in Digital Currency and watching generally including how they interact with u. S. A ....
we begin in china where hospitals are reported to be filling up with covid patients. infections have surged following the relaxation of the country s strict lockdown rules and as we head in to a new year many are asking what could the surge in infections mean for the economy and the rest of the world? the latest data shows factory activity shrinking for a third month in a row in december. this comes as countries around the world announce covid screening for travellers coming from china as it prepares to reopen its borders on january the 8th. to talk us through what s at stake i m joined by duncan wrigley chief china economist at pantheon macroeconomics. good morning to you. do we know what the real picture is in time in china in terms of the number of infections and those in hospital and those critically ill?- in hospital and those critically ill? in hospital and those criticall ill? ~ ., ~ ., critically ill? we don t know the exact critically ill? we don t know the exa ....
Management and psychology at the Wharton School at the university of pennsylvania, adam grant. Hes a contributing opinion writer at the New York Times, and is the host of the remarkable work life podcast. Hes also the author of a trio of best sellers which lay the foundations for you to achieve success in the workplace. Chairman of etfs, businessman and investor on shark tank, my old friend kevin oleary, and the author of multiple personal finance best sellers, and host of the women in money podcast, also my great friend suze orman. She is the author of ten consecutive New York Times best sellers, the latest being the ultimate retirement guide for 50 plus. Winning strategies to make your money last a lifetime. Welcome to all three of you, thank you for being here. Youre all three guests who i could sit and talk to for an ....
Us regulators, including the federal reserve, have warned banks to be more careful about the risks of fraud and misleading disclosures by digital currency companies. until now, the regulators had been hesitant to provide rules around cryptocurrency, even though many american banks had asked for more clarity. graphics chip maker nvidia is getting in the ev game with foxconn, which is best known for producing apple products like the iphones. it s not foxconn s first time behind the wheel, though. in november, the company teamed up with saudi arabia s sovereign wealth fund to make electric vehicles. general motors will add 5,000 jobs to its plant in the northern mexican town of ramos arizpe, where it plans to build only electric vehicles by 202a. mexico s economy ministry made the announcement after a meeting with the carmaker and later revealed the details on twitter. ....
And that reopening will begin in 02 and if you look at those surveys of companies as well at least private companies and some of the night mysteries expressed ms about the economic future for china in the near future, particularly when the economy starts to reopen. duncan wrigley, thank you so much. we know it s hard to get the detail on the stories. here in the uk the chancellor will meet with business groups including the cbi federation of small businesses, uk hospitality and british chamber of commerce to discuss the government s plans for energy bill support for businesses after the current package expires in april. business groups are expecting universal support to be cut roughly in half from current levels and warn they will be forced to pass on the record price rises to customers. this morning the british retail consortium has released its latest figures on food inflation showing prices hit 13.3% in december the highest reading since the trade body s records began in 2005. ....