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Made record profits of £125 billion. but with prices volatile and diminishing demand forfossil fuels, those earnings are uncertain. the international monetary fund has just downgraded its growth prospects. so it s looking to diversify. its £500 billion public investment fund is ploughing cash into luxury tourist resorts on the red sea and this futuristic city, neom. sports actually accounts for less than 2% of its investment. but it s all part of a bid to boost visitors, and morale at home. saudi wants 10% of its earnings to come from tourism by 2030, providing jobs for its population 70% of them are under a0. however, saudi s using its money to grow its influence and power globally in other ways. disney, uber, starbucks, google, zoom ? all household name brands that the kingdom owns a slice of. ....
From thousands of years of wo world. first of all, it s the only place in the world you still ge to see a king is crowned. king charles will have a tough act to follow. mother queen elizabeth ii ruled for 70 years. charles met with attending international leaders, official and while it was clear years of training paid off. well, it s a mounting history, isn t it? in our lifetime this is the first time there s been a transition of power. others are not sure an event running $125 billion during a cost-of-living crisis is cor correct. and then there is the drama around the royals. prince harry will be attending but without making and it is hoped without controversy. have to be the setting in for her husband first lady in that joe biden, was greeted by the wife of the promise or at numbe. and other americans were camped out in front of buckingham palace, despite two-sided royal. i love it and it is fun to be part of it. ....
To provide support in the immediate interim. there s no doubt about that, because i can assure you, like we saw in syria and other places take central south america and the united states or the syrian crisis, and germany did a very simple study failure to address the syrian refugee crisis early on, you ended up, just in germany, with a million refugees over a five year period, $125 billion, that 70 euros per day. whereas we can support a syrian in syria for. . .50 cents per day. and guess what? the syrian doesn t want to leave home, but if you don t have food, you don t have peace. in south america, a study that showed, for example, children at the us border, at a cost of $3,750 a week per child, pershelter, $60 million a week, versus $1 to $2 with resilience programmes so that farmers and families can grow their own food versus just handing out food. ....
More money to feed starving, we need to do things differently ? well, i think there s two things. you ve still got to provide support in the immediate interim. there s no doubt about that, because i can assure you, like we saw in syria and other places take central south america and the united states or the syrian crisis, and germany did a very simple study failure to address the syrian refugee crisis early on, you ended up, just in germany, with a million refugees over a five year period, $125 billion, that 70 euros per day. whereas we can support a syrian in syria for.50 cents per day. and guess what? the syrian doesn t want to leave home, but if you don t have food, you don t have peace. in south america, a study that showed, for example, children at the us border, at a cost of $3,750 a week per child, pershelter, $60 million a week, versus $i to $2 with resilience programmes so that farmers and families can grow their own food versus just handing out food. ....
Bret? bret: you know, chad, this is the time of the year when congress tries to avoid this set of mandatory spending cuts called sequestration. a lot of people maybe remember that from 2011. will that all happen this year? let s first define sequestration. it s a budget-control device which requires automatic spending cuts. it s a relic as you say from the 2011 debt ceiling fight. but congress usually turns off the cuts, often in big spending bills like this one. bret? bret: what gets cut this year, if congress doesn t act? well, it would trigger about $125 billion in automatic cuts, medicare payouts to doctors would dip by about 4%. they would slash farm supports, some conservatives hope to maintain the cuts, now kevin mccarthy is under pressure from fiscal hawks to lower spending. sequestration could serve as a down payment by mccarthy to show that he is serious about ....