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
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
Allison, scott jennings, congressman ro khanna, scott taylor, and kara swisher with 27 days it s to go americans with different perspectives aren t talking to each other. But here they do i m abby phillip in new york. Let s go right to what america is talking about. Which candidate can make your life better, or kamala harris is in the middle of a media tour and today she got a question that speaks to what s on your mind, the direction of the country, and what it s headed for, and how it might look different if she had led the country through the last four years and not joe biden, while her answers singled out, that she was a little surprised by the question, just listen would you have done something differently than president biden during the past four years there has done a thing that comes to mind in terms of and i ve been a part of most of the decisions that have had impact. Listen, i plan on having a republican in my cabinet. You got it less difference between joe biden and me. Wil
You for your time. Appreciate it. That is all in on this tuesday night. Good evening, alex. What is happening in springfield, what is going on in ohio? how can the senate race be so close, but here we are. We showed you those numbers. His ability to outperform the top of the ticket in that state is one of the most remarkable anywhere in the country. Political tenacity is sherrod brown s middle name. Thank you, my friend. More than 5. 5 million people are under voluntary or mandatory evacuation orders in florida tonight as the state braces for the impact of hurricane milton. Polls were waived and highway shoulders were opened to try to ease clogging as florida residents took to the roads to get out of the storm s way. Hurricane milton is expected to make landfall late tomorrow night or early thursday morning and while anything could change in the next 24 hours, milton is expected to drive straight through central florida. The first direct strike by a hurricane in areas like tampa in mor