The gold has long prided itself on its tax free cradle to grave welfare system but it cant afford it any more Global Oil Prices have bloomed budget deficits and twenty eighteen has ushered in the regions first value added tax in the u. A. E. And in saudi arabia a big change for two super rich countries where the mole is king but the saudis are creating even more new year cheer for motorists with an unannounced rise in petrol prices a doubling with immediate effect from midnight. One last fill up before gas prices go up now even saudi drivers are concerned about prices gasoline is rising in cost from twenty cents a liter to forty five cents most drivers arent happy. With the increase will affect people whose lives depend on using a car most of the time i work in a medical Equipment Company and on a normal day i drive between three hundred and four hundred kilometers so itll affect me strongly peoples more which not you can see under person ok people ignore we do accept the news but they
The goal has long prided itself on its tax free cradle to grave welfare system but it cant afford it any more Global Oil Prices have blue budget deficits and twenty eight seen in the regions first value added tax in the u. A. E. And in saudi arabia a big change for two super rich countries where the mole is king but the saudis are creating even more cheer for motorists with an unannounced rise in petrol prices a doubling with immediate effect from midnight. One last fill up before gas prices go up now even saudi drivers are concerned about prices gasoline is rising in cost from twenty cents a liter to forty five cents most drivers arent happy. With the increase will affect people whose lives depend on using a car most of the time i work in a medical Equipment Company and on a normal day i drive between three hundred and four hundred kilometers so it will affect me strongly peoples more which not to consume the person or kid people ignored we did so for the news but is just too cheap to
Level talks with the north the suggestion coming a day after north Korean Leader kim jong un offered a rare all of branch to the south and new threats to the u. S. And it has been a Long Time Coming but americas most populous state california has legalized cannabis for Recreational Use. And what is it about new years day that makes people want to go jump into really cold water well take a look at that and some of the other things people get up to around the world on the first day of the news. Im brian thomas thanks so much for being with us on protests have erupted for a fifth consecutive day in tehran and around iran amidst reports of growing violence. Shortys say demonstrators tried to overrun a number of military bases and police stations and total at least thirteen people have now lost their lives protests initially broke out against Economic Conditions in the country but theyve also been drawing opponents of the countrys religious establishment. This footage has been provided by d
Also coming up to south korea proposes high level talks with the north it comes a day after north Korean Leader kim jong un extended a rare olive branch to the south and new threats to the United States. And it could be a make or break year for german chancellor Angela Merkel we will look at what is in store for her and twenty eighteen and shes trying to form a new government. Im sorry kelly welcome to the Program Thanks for joining us clashes overnight in iran have left at least nine people dead the antigovernment protests have been raging for nearly a week in tehran and around the country in total several hundred people have been arrested and at least twenty have been killed according to state media the demonstrations they initially broke out against the weak economy and a rise in food prices but they have also been drawing opponents of the countrys a religious establishment. This footage has been provided by demonstrators people have been on the streets in various parts of irans sin
For a conversation on Monetary Policy and the possibility of inflation in the u. S. Economy. Former Federal Reserve chair bernanke and Larry Summers speaking. Live coverage just getting underway. Will undoubted lly weighing. Thats the fun. We think that the question of rethinking the two Percent Inflation target is one of the most important questions facing Monetary Policy makers at the moment. You might say the backward looking question that we need to think about which we are thinking about is how did unconventional policy really work and should unconventional policy really be considered conventional policy. We look forward i think you have to argue that one of the biggest questions now is whether given everything we know whether a two Percent Inflation target framework is the right one for Monetary Policy. After all, when it was conceived nobody anticipated we would have so many years of trying to get inflation up to two percent and nor did we think that the long run equilibrium Int