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MSNBC The Last Word With Lawrence ODonnell October 10, 2024
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government reported a second straight quarter of negative economic growth. so this complicated picture is why president biden is pushing back against talk of a recession. with both senator schumer and manchin. that s consistent with the transition to a stable steady growth and lower inflation, but if you look at our job market consumer spending, business investment, we see signs of economic progress in the second quarter as well. joining us now to take a closer look at this, cnbc senior economics reporter steve liesman and ben white, politico chief economic correspondent and host of the politico money podcast. steve, when you take all of this data into account, all these indexes, what does it tell you about the state of the economy right now? it tells us that for sure the economy has slowed. remember, we did like 6% growth in the fourth quarter and now we ve come off two quarters in a row. the first quarter we came off because of what was happening with inventories. thi
Bancolombia S A : Nomination instructions for candidates to the Board of Directors
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Officials trying to reach 41 workers who have been trapped in a collapsed tunnel in northern India for eight days were contemplating alternative rescue plans Sunday after snags with a drilling machine caused them to halt digging. A new drilling machine arrived at the accident site in Uttarakhand state on Saturday to replace one that was damaged while breaking through the rocks and debris. Authorities have so far drilled 24 meters (79 feet) through rubble and debris, but it would require up to 60 meters (197 feet) to allow the workers to escape, said Devendra Patwal, a disaster management official.
management official on the ground there. also new reporting from the washington post surrounding january 6th. more texts are missing, this time from high-ranking homeland security officials in the trump administration. plus, eyebrow raising remarks from justice alito overseas about the supreme court s abortion ruling, and he s on tape. we are going to begin with an economic picture that seems to be getting even more complicated. the government report that had consumer spending rose 1.1% in june, but consumers are paying more for almost everything here. the personal consumer expenditure index which reflects changes in the prices of goods and services shows that prices jumped 1% in june, and they are up nearly 7% from last year. the government also reported today that wages and salaries rose 5.3% from june 2021 to june 2022. this comes one day after the
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