Rates potentially going up faster than expected makes profits harder to earn, and shares relatively less attractive. And the good news spin is that higher rates are the result of growth, so these are problems of success. Which is all reassuring. But theres a bigger way of looking at this that this is a turning point. We had a crash ten years ago; we still havent got back to normal and this kind of disruption isjust a starter as to what to expect as we do. The banking crisis of ten years ago has spread across the west and was like an economic heart attack, leaving banks slow to lend so companies couldnt get credit to pay for new investment and too many households were stranded with big debts and couldnt afford to spend. Across the west, grows inevitably slowed. For the time being at least, the nice decade is behind us. The credit cycle has turned. Central banks had to step up to stop the economy is falling down even further, printing money and slashing Interest Rates to nearly zero. In
Appears right now. Witnesses say there was a large group of teenagers gathered here in the wall greens parking lot. Some sort of fight broke out. Everybody scattered and what was left was a young girl lying here in a pool of blood. A small piece of yellow crime scene tape is tied to a post. It was here that somebody stabbed a teen aged girl in her back arm, and neck. There was 20 or 30 kids or so. We didnt know what was going on. Kimberly knight said she was sitting on her porch when the large group of young people began fighting. She was stabbed, held her neck and went down. The 17yearold victim died at the hospital. Her friends say the girl was likely walking back to her home after celebrating the fourth of july. Probably watching the fire works with her girlfriends. I dont know i know she not the type to want to be in a fight. Thats so sad, you know . I couldnt imagine. The victims friends and family say the teenager leaves behind a young daughter. She always had the baby out on the
Situation involving a Chemical Plant in houston flooded in storm harvey. Millions of people are hit by heavy flooding right across south asia during the worst monsoon rains in decades. The Online Gambling firm thats been hit with a fine of nearly £8 million after it failed to protect vulnerable players. Also this hour 20 years after dianas death, we report on the tributes at kensington palace. Flowers are laid outside herformer home, just as they were 20 years ago, after the princess died in car crash in paris. Its deadline day for premier league transfers. Top clubs have already spent a record £1. 2 billion this summer, good evening and welcome to bbc news. The latest round of brexit talks ended in brussels today with both sides suggesting the other was to blame for the lack of progress. A major Sticking Point is the so called divorce bill, the amount that britain will have to pay as it leaves the eu. The eus chief negotiator, Michel Barnier, said no decisive progress had been made
Everybodys attention please. All right. Welcome to the met club thank you for coming out on this rainy evening and i know theres a lot of traffic and everything so we appreciate you coming here. Were absolutely delighted im not doing introduction yet but delighted to have dick march here the first time hes been here at the club. Thank you, welcome to the met club. [applause] were to have our friends from cspan here thats pretty cool so wave to the guys at cspan there. [laughter] yeah. Okay just a couple of quick announcements, our next adventure at the club will be the first thursday. Yeah, you will too. Our next event here at the club will be first thursday october fifth and that will be our Farewell Party to our county chairwoman adele who she and her husband moved to washington, d. C. Her husband david who is a very noted economist is part of the easy under secretary the treasury for International Monetary affairs. So hes been confirmed as undersecretary and treasury so theyve moved
Can i get everybodys attention please . All right. Welcome to the met club. Thank you for coming out on this rainy evening. Know theres a lot of traffic and everything so we appreciate you coming here. Were absolute im not doing the introduction yet but dehighlighted to have dick morris here tonight. Thank you. Welcome to the met club. Were also glad to have our friends from cspan here. Thats pretty cool. So wave to the guys at cspan there. Just a couple of quick announcements. Our next event here at the club will be our first thursday say hello. The next event is first thursday, october 5th, and that will be our Farewell Party to our county chairwoman, adele, who she and her husband moved to washington, dc. Her husband, david, who is a very noted economist, is part of the the undersecretary of the treasury for International Monetary affairs. So hi has been confirmed as an undersecretary of the treasury. He is going to be here that night, too so its a great opportunity to celebrate the