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Transcripts for BBCNEWS World Business Report 20210115 06:00:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
| UPDATED: 10:03, Wed, Jan 6, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. The latest national lockdown, which was announced by Boris Johnson on Monday, is expected to cost the UK almost £400million per day. With businesses told to shut for at least six weeks, economists fear the UK is headed for its first double-dip recession since 1975. ....
Transcripts for FOXNEWS Americas Newsroom 20201208 14:52:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Tooze explains, yet it was washington that largely saved the day. the federal reserve became a guarantor of last resorts, not just for floundering american banks, but also european banks. the obama fiscal stimulus helped break the fall as well, along with automatic government spending like unemployment insurance. the whole rescue worked. and it worked better than almost anyone could have hoped for. contrary to many predictions by do doomsayers and opponents, there were no run on the dollar or american treasuries, no hyperinflation, no double dip recession in america, no crash in china. american banks stabilized and in fact prospered. households began saving again. growth returned, slowly but surely. the governing elite in america certainly did not anticipate the crisis, though few elites have over the hundreds of years of capitalism, which has had booms and busts and bubbles. but once the crisis happened, ....
Guarantor of last resorts, not just for floundering american banks, but also european banks. the obama fiscal stimulus helped break the fall as well, along with automatic government spending like unemployment insurance. the whole rescue worked. and it worked better than almost anyone could have hoped for. contrary to many predictions by doomsayers and opponents, there was no run on the dollar or american treasuries, no hyperinflation, no double dip recession in america, no crash in china. american banks stabilized and in fact prospered. households began saving again. growth returned, slowly but surely. the governing elite in america certainly did not anticipate the crisis, though few elites have over the hundreds of years of capitalism, which has had booms and busts and bubbles. but once the crisis happened, many of them, particularly in america, acted quickly and intelligently. as a result, another great depression was averted. ....