the u.s. economy, which used to be the envy of the world is in the most serious trouble since the great depression. inflation is rising, standard of living is declining. tremendous inflation and not much growth. the country was not in a great depression but the united states is in the dumps. wall street was cold, gray, wet, and miserable. there was no comfort to be found outside for investors there was not much inside. the tickers carried almost nothing but bad news. we would have a terrible decade for investing. people were skeptical of the stock market. it was a sleepy wall street. most economists expect a serious recession with at least 2 million more americans losing their jobs. regret to say we are in the worst economic mess since the great depression. from the first moment of his presidency, president reagan let him know that his top priority is the nation s economy. i put a freeze on pending regulations of the task force under vice president bush to revie
the average family home, cory practices her violin, christian plays with his cars and mike and carol worry over the bills. we went in with pretty much the same technology that s been in place for a couple of decades. typewriter. calculators. tv. oven. a car. you listen to music on a big old stereo system with a turntable. maybe you had a digital watch and that was the only thing that was going to be digital that you actually owned. hello? i m not here now but my faithful machine is. there was a handful of technology at that time. one was the telephone answering machine. you would be driving home and you would say i can t wait to check my messages. you know, it becomes part of the day. honey, i m checking my messages. from the noisy streets of new york to the laid-back tranquility of california, americans are tuning out and tuning in. when i think of technology in the 1980s, i think of the walkman. the walkman was huge. it s the latest fad. tiny stereo casset
we begin in ukraine where we re getting a word about a new barrage of russian missile tryings in the south. ukraine says at least 10 millions admit mykolaiv sunday morning as the city still reels from similar strikes on friday. two industrial facilities were hit but no reports of casualties so far. ukraine says russia also fired five cruise missiles in the south but three were shot down. in the east, ukraine said fending off russian ground attacks in the donetsk region despite intense shelling, as in this town near the front line. meanwhile, russia s defense minister was in donbas on saturday ordering troops to increase operations to prevent ukrainian strikes in the region. ukraine s artillery has been stepping up attacks behind the front lines in recent weeks. president zelenskyy says his country is making progress and will keep up the momentum. here he is. translator: we have already managed to liberate part of the territory that was occupied after february 24th. we will
And paperless society and do we want one? these are the social questions scientists say society should answer. and money matters, wall street. leaping stocks have investors jumping. we will turn the ball loose. one of the great things is we can seek profit. is money the number one goal? you have 29-year-old making $1 million a year. if you have plastic money there is nothing holding you back. history will prove the bakers were honest people. insider trading could become wall street s watergate. what we call greed? we have called it success, recently.
Will we wind up with a cashless, paperless society? and do we really want one? these are the kinds of social questions which the scientists say society should answer. welcome to all of you watching here in the united states, canada, and around the world. i m kim brunhuber. ahead on cnn newsroom, as russia targets more ukrainian cities, we look at whether new western military aid can tip the scales. u.s. president joe biden is back from his trip to the middle east, and he has a bold retort to criticisms about his fist bump with the saudi crown prince. wildfires ravage parts of europe as a sweltering heat wave spreads. we re live in madrid with the latest .