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now on bbc news, counting the cost. millions of people around the world are facing increasingly difficult decisions amid rising food and energy costs. the world bank has warned the war in ukraine is set to cause the largest commodity shocks since the 1970s, with the price of wheat, cotton and natural gas affected, set against a backdrop of global supply disruptions because of covid lockdowns, and the effects of climate change on crop yields, many people are facing a fall in living standards and it is pushing many to the edge of crisis. our correspondents around the world have been looking at the challenges faced by many different countries and we start here in brazil, one of the world s largest agricultural exporters, now struggling to feed its people. to you and me, this looks like the land of plenty. brazil is an agricultural powerhouse. it s farmers reaping the rewards of an insatiable china, and the demand is not letting up. thiago was brought up on the land, his wh ....
mercedes benz has recalled nearly 1 mercedes benz has recalled nearly1 million mercedes benz has recalled nearly 1 million vehicles worldwide due to a potential problem with the braking system. corrosion in some cars built between 2004 and 2015 could lead to the connection between the brake pedal and the braking system failing. now on bbc news, counting the cost. millions of people around the world are facing increasingly difficult decisions amid rising food and energy costs. the world bank has warned the war in ukraine is set to cause the largest commodity shocks since the 1970s, with the price of wheat, cotton and natural gas affected, set against a backdrop of global supply disruptions because of covid lockdowns, and the effects of climate change on crop yields, many people are facing a fall in living standards and it is pushing many to the edge of crisis. 0ur correspondents around the world have been looking at the challenges faced by many different countries and we ....
when trump was still president. your dollar went a whole lot further under trump. you could fill up your gas tank for less than two bucks a gallon and the stock market was doing so well we all looked like geniuses. the 401(k)s, they are up 90%. 95%. [cheers] i always tell the story people come up to me they say i want to thank you my wife thinks i m a total loser, sir. she thinks i m the worst person with money, financials. she thinks i m just horrible and the last three years i m up 94%, sir. she thinks i m a total genius when it comes to finances. jesse: well in biden s america, we re now all fools. no longer geniuses. because i hate to say it the good old days are over. our economy has officially reached bear market territory today. the s&p fell 20%. that s officially now collapsing. now, on top of that, the nasdaq is off about 20 percent this year and the dow is about 5,000 points down. since january. that s the longest losing streak since the height of the gr ....
so in a very short time the poverty rate in venezuela doubled. by 1995, 66% of all venezuelans were impoverished. getting poorer tends to make motors radical so inevitably venezuela got radical politics. you know what happened next, venezuela is now rated one of the most miserable places on planet earth. a few years ago, citizens in caracas were reduced to eating zoo animals. there was no food, for that matter there was no electricity. seven just half a lifetime, an advanced society had returned to the stone age. united states is not in danger of becoming venezuela next week but we are moving closer to it. inflation is a big part of the reason. of all the economic crises a country can face, inflation is the most dangerous. inflation doesn t just make people poorer, it totally destroys their confidence in their leaders, the authorities who issue the now worthless currency they are using for toilet paper. inflation is not an act of god like a drug or hurricane, it is an a ....
so in a very short time the poverty rate in venezuela doubled by nineteen ninety five . 66% of all venezuelans werehe impoverished. getting poorer tends to make voters radical. so inevitably venezuela gotbl radical politics. what happened next ? venezuela is now rated one of the most miserable places on planet earth. a few years ago, citizens in caracas were reduced toos eating zoo animals. there was no n food and for that matter there was no electricity. so in just half a lifetime an advance of society had reverted to the stone age. the states is not in danger of becoming venezuela next week, but we are moving closer to it . inflation is a big part of the reason of all a the economic crises a country can face. inflation isla the most dangeros inflation doesn t just make people poor. it totally destroysn their confidence in their leaders. the authorities who issued the now worthless currency they re using for toilet paper u inflation is not an act of god like a droughti ....