That followed the reign of terror that happened here in france banks are now referring people to food bank to help them pay their mortgage this is in australia so its called food bank South Australia has been approached by banks tree for their clients to the charity in the hope that it will prevent people from defaulting on mortgage payments not let them eat oreos but let them eat food bank this is a real up to me moment in another replay so its got a couple of almost verbatim replays of the revolutionary times of france so not only are they collateralize ing property as you point out its no fat is nothing reinvented here its all property backed and now instead of letting them gauge slices of brioche theyre allowing the folks to use their foods to know theyre subsidizing the food banks to so they are bank will food so they dont default on their. Or mortgages these are normal middle class upper middle class an even indeed upper class people but there is stret they have 10 x. The they mi
This 20 the Southeast Texas just looks like a lake. As we have seen, homes are underwater and cars have water over the top. Im concerned because this morning the Houston Police chief that he is preparing for finding bodies inside homes, once the water is reaching it. Known we do not know who is stuck in an attic. These are known adopt. Sector elderly people who cannot move. A lot of people with disabilities. The water is rising. Unfortunately, we are seeing the beginning of this. A we are in the state of texas. We left washington a few hours ago. The rain continues to fall over Houston Texas where many streets resemble lakes and rivers. Like you simply chief said the officers arrested more than 3400 people since the flooding started started. Back harvey is expected to make landfall tomorrow morning east the texas and louisiana about it. The American Red Cross says there are more than 70,000 people in texas seeking refuge in shelters. More than 9000 people are staying at the Convention
The last theres been a lot of talk about over last generation, the last 40 years really highlights the challenges of measuring economic values. A lot of people take the view that there hasnt been much progress, much growth in incomes, economic stagnation over that period of time. And i often try to put the lie to that assertion by asking people to whether theyre low income, middle income, high income, raise your hand if you wanting to back to 1975 and there usually arent a lot of takers. But one think is undeniable is we have been living through a period of economic stagnation and im peter and joined the Cato Institution a year ago as president and over that time brink linsey has done a job trying to explore growth slowdown, one is understanding the growth slowdown and another is reviving Economic Growth. For the first time in my life we had gdp growth hasnt reached 3 and at the time i joined cato 13 months ago i was hopeful i was actually hopeful because when we lived through economic
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Heat and flood warnings mixed with mounting political pressure make life for the city’s unhoused population especially challenging. Earlier this year, a grand jury found the city’s homelessness solutions ineffective.