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Transcripts For BBCNEWS Business Today 20241009

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 ....

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Transcripts For BBCNEWS Business Today 20241009

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 ....

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Transcripts For BBCNEWS Newsday 20241009

You can see this time lapse here shared by american astronaut matthew dominick showing how this storm looks from space. Milton comes just days after hurricane helene tore through the southeastern us 225 people were killed by the natural disaster across six states. The back to back storms are expected to leave historic levels of damage that could take years to recover from. Unlike helene, milton will only pass through florida on its way to the atlantic ocean. President biden has postponed a trip to germany to oversee preparations and prepare a federal response. He urged those in milton s path to evacuate, calling it a matter of life and death also warning this could be one of the worst storms to hit florida in a century. Melanie bevan is the chief of police in bradentown a town that is right in the path of hurrican milton and experienced a lot of damage during the recent hurricane helene. She spoke about what a forecast like this means for law enforcement in the area. We have ....

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Transcripts For CNN Anderson Cooper 360 20241009

New information tonight on multiple phone calls between vladimir putin and former president trump s since he left office. The details well, from bob woodward in his latest book good evening. We start tonight with hurricane milton gaining strength at this moment and headed toward tampa, florida region still reeling from hurricane helene and that tonight for the second time in nearly as many weeks is expecting record storm surge, roads are jammed, gas running low in the area are not available in some places i want to show you something you don t see too often in florida. Take a look that treasure island near tampa and st. Petersburg. And your ghost town after people evacuated, one person who is there are boris sanchez will check in with him shortly an astronaut aboard the space spacex capsule published this timelapse video today, giving some idea of the sheer size of this storm and the like lifethreatening trouble at represents president biden today warned that this could be one of the w ....

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Transcripts For MSNBC All In With Chris Hayes 20241009

I apologize, this is just horrific. The terrible and entirely predictable hurricane milton. This is a very dangerous storm in terms of its strength and size as it approaches landfall. Tonight as another monster storm heads to florida powered by extreme temperatures in the gulf and as millions across the south dig out from last week s devastating hurricane, a reminder of what trump thinks about climate change. We will add a little bit more beachfront property. That s not the worst thing in the world. And the life or death stakes in this election. Then day donald trump prefers to run on problems instead of fixing problems. A kamala harris media blitz with 28 days left to go. And senator sherrod brown on his must win race in ohio when all in starts now. Good evening from new york, i am chris hayes. Hurricane milton is expected to make landfall in florida early thursday morning. At this hour the storm is back to category 5 strength. The national hurricane center advises, quote, florida res ....

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