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
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
Out the facts. But more and more and in the world in which we live but it has always been the way, ever since there has been war conflicts and wars always unfold on two levels. One is the facts on the ground and the other is the perception of the facts on the ground. And these perceptions now have become an increasingly hostile battlefield. I don t need to tell both of you that it is nothing less than a battle for the truth. So, that it s notjust that something happened, it s what other people think happened. And that feeling of what they think happened can matter more in the evolution of the conflict and in terms of how the story is told and retold and told again and then, it becomes history. And the efforts of the people within these stories to influence how the media helps shape those perceptions, they must ve changed the way that they try and influence how you and many others cover the stories? they have many more tools now. Before, it was simply face to face. Then, we went thr
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
Two down here and penta gordon. And so that can happen. It can get close to land. They can turn Flood Watch in effect, obviously four to eight inches of rainfall. Some models now predicting probably in the neighborhood of about 15 inches of rainfall. And thats just the freshwater flooding thats possible from alberto two barrel, the very hi, im on Wednesday Night show that you and i will be on. Alright. Chad myers. Thank you very much. Well have more on Hurricane Milton later in the program, as well as reporting from the error is worst hit by helene in North Carolina where the Death Toll is still a climbing and to that point, Fema Today said the agency has enough funding to handle the response to Hurricanes Milton and helene. The fact that it has to reassure people about that not just to the weather lately, but also the political climate. Thats because in spite of republican mayors and governors and senators and Hurricane Affected States thing, otherwise dont. Trump has been lying again