on tonight s pbs newshour. major funding for the pbs newshour has been provided by: and the william and flora hewlett foundation, helping people build immeasurably better lives. and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. woodruff: u.s. financial markets battled all day to recoup its losses, then, collapsed under the pressure. at one point, the dow jones industrials were up more than 440 points, helped by an interest rate cut in china. but the gains evaporated in the final minutes of trading, making it the sixth losing day in a row. in the end, the dow dumped another 200 points to close below 15,670. the nasdaq fell nearly 20 points, and the s&p 500 slid 25. ifill: there was no letup in the stock sell-off in shanghai, amid gathering gloom over china s economy. jonathan miller of independent television news rep
in a real sense. first, it is great to be here. thank you. thank you for still being in this audience after this. louder voice louder voice! i think resilience is another word for success under stress. success under stress, that is, there are stressors of various kinds that our nation and our whole world faces and being able to whether those stresses and being able to succeed on a variety of measures is a good definition of the r word. i mean, three or four years ago, people didn t use of the r word, and now, we have probably set a world record today for the number of times of this word has been said. and in the shifting towards resilience [laughter] i think they mean different things. i think sustainability means achieving some balance between equity, economy, and environment, and there are like six or seven other e,s that people have worked out e s that people have worked out. and oh, do you drink after governance? [laughter] no, i was just t
major funding for the pbs newshour has been provided by: and the william and flora hewlett foundation, helping people build immeasurably better lives. and with the ongoing support of these institutions this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. woodruff: u.s. financial markets battled all day to recoup its losses, then, collapsed under the pressure. at one point, the dow jones industrials were up more than 440 points, helped by an interest rate cut in china. but the gains evaporated in the final minutes of trading, making it the sixth losing day in a row. in the end, the dow dumped another 200 points to close below 15,670. the nasdaq fell nearly 20 points, and the s&p 500 slid 25. ifill: there was no letup in the stock sell-off in shanghai, amid gathering gloom over china s economy. jonathan miller of independent television news reports from hong kong. repo
neighbors or friends or strangers in need, came to help. and people who today still spend their time every day helping others, rolling up their sleeves, doing the hard work of changing this country without the need for credit or glory. don t get their name in the papers, don t see their day in the sun. they do it because it s right. live the basic values that define this country, a value that we have been reminded of in these past 10 years as we come back from a crisis to change this city had an economic crisis that spread throughout the nation, the basic notion that i am my brother s keeper and my sisters keeper and we look out for each other and we are all in this together. that is the story of new orleans at also the story of america, city that for almost 300 years has been the gateway to american soil. where the jazz makes you cry, the funerals make you dance [laughter] the volume makes you believe all ayou makeshings b you believe all kinds of things. it has brou
see the money in the bank account but they could not spend it until the reform was done. this shifted the political balance because all of a sudden people said they were supporting the subsidy reform because now they could use the cash transfers with incredible opportunity. for various other reasons it did not work out so well now the subsidies are back. i think having done it once there is a chance they might able to do it again. dudash: on the point of if it will be politically easier, it will be politically easier where the economic case is compelling. it can be in subsidies, but it is especially compelling in the whole energy sector where there will be they will be desperate to attract foreign investment. the kind of oil regime that they have and they are moving in the direction desired by international oil companies. in general they will be looking for foreign investment because there are many good reasons to get foreign investment. particularly foreign investment whic