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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 ....
Diverting forces, resources And energy towArds the north. These events confirms thAt there is A serious risk of A drAmAtic escAlAtion in lebAnon, And everything must be done to Avoid thAt escAlAtion. Hello And welcome. On the context in the next hour. After A second dAy of deAdly explosions Across lebAnon, tArgeting hezbollAh, well be live injerusAlem, lebAnon And wAshington. IsrAeli leAders sAy theyre opening A new phAse in the wAr, And the Centre Of GrAvity is shifting to the north. Well Ask whAt does thAt meAn . Also on the progrAmme the us CentrAl BAnk goes big with its first Interest RAte Cut in four yeArs, lowering its key Lending RAte by hAlf A PercentAge Point. And who is briefing AgAinst the LAbour Chief of stAff Sue GrAy And why . As the bbc is told she eArns more thAn her boss the prime minister. We stArt in lebAnon, where theres been A fresh wAve of explosions Across the country, which hAve killed At leAst 1A people, w ....
Joining me tonight are political Strategist And Commentator Rina Shah and columnist for the i and former Labour Executive Director of Policy Andrew Fisher first , the latest headlines. Israels Defence Minister has said the military is opening a new phase in the war, and will be diverting troops and resources northwards. Yoav gallant was speaking to troops at an airbase near the border with lebanon. It comes as 14 people have been killed and at least a50 injured in further explosions across lebanon involving Walkie Talkies. The us Federal Reserve has cut Interest Rates by half a Percentage Point in its first reduction since the pandemic. It puts the Central Banks benchmark Lending Rate at between 4. 75 and 5 , sharply lowering the cost of borrowing with less than 50 days to go until the us president ial election. ....
Just coming in right now. The Federal Reserve has announced a half a point. That was not the most expected. Most of what i read was a Quarter Point expected. It was a toss up, and really heres the thing, the Federal Reserve raised Interest Rates to get inflation down. The more recent readings we have gotten on the economy the last six weeks since the last time they announced decision is pointing to a weakness in the labor department. To cut into unemployment and make more people get out of jobs or increase unemployment further, well, thats the reason why they wanted to dramatically cut Interest Rates. They decided to do so by half a Percentage Point. Economic activity has continued to expand at a solid pace. Job gains have slowed. Well have to see what Fed Chair Jerome powell says to explain cutting Interest Rates by a Half Point. ....
Functional and humane immigration system. We feel very strongly about that. And as you know, we inherited a tough situation, and in five months weve made progress. Theres much more work to be done, but weve made progress. Charles joining the panel, deputy Editorial Page Editor dan henninger, kim strassel and gillian turner. Kim, theyve made progress from the awful situation they inherited. Absolutely crazy. Harris has two jobs this trip. She had to go down there just to be there the, to clean up the mess that she hadnt, get down there before donald trump in a few days, but also to convince people that we a hand they have a handle on this problem, and she was uncompelling. We heard a lot about root causes but not much about the fact that they have reversed a lot of the policies that were, in fact, stopping surges like this. Finish and a lot of the other root causes she addressed is things like Immigration Reform or fixing places like guatemala. Americans understand are things that are n ....