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trillion could soon approach the size of the defense budget. let that sink in, neil. president biden is calling for more taxes on the rich. he speak recently in virginia beach. i want to make it clear, i m going to raise some taxes. any of you who are billionaires out there, you re going to stop paying 3%. not a joke. biden met with kevin mccarthy just once since he became speaker and with a debt of over $31 trillion, many republicans are concerned about potential cuts in national against, a time when the biden administration is arming ukrainian forces with billions in american weapons and with the threat from china increasing. the 2022 and 2023 defense budgets are 3% when the kennedy administration was spending 9% of u.s. gdp on defense, building up the arsenal which the pentagon says is aging and is needed upgrades to the tunes of billions ever dollars. and jfk cut taxes and shortly after his death. that was then. lucas thank you very much. i raised this issue w ....
we begin in china where we ve just had a slew of data that shows how deep the impact of both the pandemic and its demographics is having on society and the economy. data from the national bureau of statistics shows china s economy grew by 2.9% year on year for the last three months of 2022. that beat expectations reuters expected the economy to grow byjust1.8%. for the full year growth came in at 3% far below china s official target of 5.5%. excluding the year covid hit in 2020, this is china s worst showing in nearly 50 years. also today, the news that china s population has shrunk for the first time in more than 60 years a change that is expected to have deep economic, social and political implications for china. for more on that let s go to katie silver in our asia business hub. tell us more. that s right. the bi . tell us more. that s right. the big figure tell us more. that s right. the big figure that tell us more. that s right. the big figure that we ve ....
jobs report any minute now at a bill signing. but let s look at the numbers. joining us is rahel solomon and jeremy diamond. let s look at the gains. the fact that this was more than twice what experts were expecting. and so some experts have said that this was an uncomfortably hot jobs report, at the very least it was surprising. when you look at the report and where the jobs were, line after line, industry after industry, it was growth, growth, growth with some of the largest gainers in industries like leisure, professional services, health care. 57,000 jobs being added for government. and when you look at month over month sort of what we re seeing in the labor market, look, i mean, we are still on an upswing. you would have expected between some of the reports that we ve been hearing that maybe we would start to see some cooling in the labor market, that this number the july number would actually be declining. but that is not what we re seeing which leads me to whe ....
Most people think that job hopping will hurt your career. Here are three reasons why it s actually better for you in the long run when you jump to new opportunities. ....
Of time. they rent instead of buy. they have advanced degrees, but they have a ton of student debt, averages $29,000 of student debt per person. they have a tendency to job hop, credit cards are building up, but you know what? i go back to we have enabled this type of behavior. why? there haven t been consequences. i know you made reference to what goes on down at washington d.c., right, with the national debt. neil: right, right, everyone does it, right. well, we keep running up the credit card, if we never really have to pay it, then what s the difference? and you know what? neil? maybe we have it wrong. you know, we were saving instead of going on vacation and they re going on vacation. neil: our parents were of the greatest generation and they were born by a world war, depression and they were tight with their money because they had to be, they had no choice. ....