244 Billion News Today

has died at the age of 76. the leaders of the us, britain and australia, meeting in california, have given details of a defence pact that will provide australia with nuclear—powered submarines. president biden, uk prime minister rishi sunak and the australian prime minister anthony albanese, have met to confirm the aukus security agreement. the deal is aimed at countering what the three nations see as chinas threat in the indo—pacific region. our political editor, chris mason, has ...

>> follow the money or the lack of money, right? this is an administration thats own treasury secretary janet yellen, okay, went to the bank after the g-7 energy deal and said, listen, we want to make sure that no banks lend money to fossil fuel companies unless absolutely necessary. they weaponized the federal reserve to go after banks to look at their carbon footprint and say hey, if you are lending money to u.s. oil and gas, you could be -- it could be a crime against climate. we will go afte...

With me. >> let me unpack that. it is true that u.s. does have a trade deficit. but what that means is a lot more complicated than the president is making it out to be. so lets start with the basic question. what is a trade deficit? it is quite simply, the gap between how much more the u.s. imports compared to how much it exports. official figures from last year put our deficit at $566 billion. not 800. lets examine the presidents claim. he said in his tweet yesterday, last year we had a trade d...

We talk. we fart. just because i fart at parties it doesnt make me a farter. >> its worth watching the whole thing, by the way. the canadians are using it to combat smoking. on monday, mayor michael bloomberg announced he was moving forward with a law to forbid stores from publicly displaying cigarettes and other tobacco products because quote, such displays suggest that smoking is a normal activity and invite young people to experiment with tobacco. smoking is the number one cause of preventibl...

>> worth watching the whole thing, by the way. thats right, the canadians are using farting to combat smoking. on monday, mayor michael bloomberg announced he was moving forward with a lot of stores from publically displaying cigarettes and other tobacco products because such displays suggest that smoking is a normal activity. smoking is the number one cause of preventable death in the united states. but is hiding merchandise the best way to combat the problem? or is there another way the stat...

Going on a cross country tour, if you werent doing, hyping it, and the topic. the president is helping stoke the flames and most people didnt know what the fiscal cliff was. how many people out there truly understand the debt ceiling debate. if the president keeps coming out and says the republicans are going to shut down the country and kill us, every-- >> thats what he believes is true and according to the latest articles, let me finish up. the latest articles politico, saying that theyll-- >>...

Military. some of these things, like medicare, back to the states. medical malpractice reform, strengthen work force by attrition. ive got the bill and its there and i want people to look it up. its senate bill 3473. it solves the problem. we have other ways. whatever happened to the old democrats? remember it was kennedy back in the 60s that said we got to raise more money, more revenue for the great society programs and the bestncrease revenue is to reduce marginal rates. he did it and what ha...

does work. meet the president of a country where austety led to growth. finally, fidel castro on yoga. really. first here is my take. its hard to find any good economic news these days. europe is teetering on the brink, emerging markets like china, brazil and india are slowing down and the united states is in a slump. let me try to cheer you up. the cost of sequencing a human genome is down to $1,000 and it takes two hours. that is an acceleration of capacity that is faster, much f...

Talking about subprimeoans on the badges. fannie mae reporting they had, for example, $4.8 billion in 2007. the number was more like $43 billion. and freddie mac reporting $2 billion to $6 billion and they had $244 billion, so misleading investors, and this was a quasipublic company at the time but representing us, as well. >>shepard: what motivated this? >>gerri: money is a good motivation. look at the pay the s.e.c. will try to get back from these people. the fannie mae c.e.o. made $16 million...

>> steve: money we paid them back we gave them? what? >> to make it worse. federal reserve helped them earn money to help pay us back by printing funny money and put thag in the accounts. what is even worse some of the money went to general motors, the government let general motors off of the hook for 45 billion in taxes so it looks like general motors balanced the books. >> brian: we have graphics . the amount of tarp money that went to banks that we gave them. 245 billion and apparently they p...