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 these futures around 7 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. system. 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, these bad property investments for a very long time but the banks need to have a better capital base 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 with a 1% return on assets. You need to get the
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
The deadly attack struck a devastating war in gaza where more than 40,000 people have been killed and more than 97,000 have been injured according to the hamasrun palestinian ministry of health. Joining us now, Nbcs Raf Sanchez in tel aviv. Raf, how has this day been memorialized . Jose, memorials began at 6 29 a. M. , one year to the minute that the Hamas Terror Attack began at the Nova Music Festival site down in southern israel, some two miles from the Gaza Border and that site is now just a vast memorial to the roughly 350 people who were killed there. We were there as the sun came up this morning. There was a Memorial Ceremony attended by israeli president isaac herzog, and they played the last track that festival goers heard on October 7th before the music stopped and the shooting started, and you can really tell, jose, this is grief that remains very, very raw one year on as people came to the site where their brothers, sister, friends, husbands, wives were killed and of course,
The big guns, former President Barack Obama about to hit the Campaign Trail for Kamala Harris. What could that mean for the Race Today Labor breakthrough for workers returning to work as we speak a strike that threatened to cripple the economy has been averted for now Country Music Superstar Garth Brooks accused of sexual Assault And Battery in a brandnew lawsuit. But this morning he says the allegations are all lies. Im Sara Sidner with John Berman and kate bolduan. This is cnn new central bigger names and politics than Barak Obama for democrats, there are a few voices more popular than Barack Obama. Maybe only Michelle Obama and we just learned, he will soon launch a 27 Day Blitz with every key Battleground State in his path to support Kamala Harris. As for harris, shes wake up battleground, michigan good morning. Fresh off another endorsement. This time from The Boss, Bruce Springsteen as new reporting from over 30 states finds that more than 1 Million americans have already voted j
I would have stopped lesser Men Venue real quick. I know that you didnt even tell your daughter you made it. You walked down the iud. You tell your daughter until the reception. The entire story. So she had no clue until then what did she say when she found out and how was the wedding where the wedding was beautiful . There was no power at the church, so it was candlelight service. Her her friends and family came together and really pulled off a beautiful ceremony was very well done and then we went to the reason i didnt want her to know was i didnt want to upset my daughter on your wedding day. This her special day. We dont need to cause any trouble and give her something else to think about. So we got to the reception. They did have power there and a nice restaurant and a nice setup for us. And they had Daniel And Elizabeth had asked me to say a few words and say that blessing over the food and i had something prepared, but it changed because of the moment and i have to go back a lit