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The high cost the cheap is my quick way of saying that there is a social economic and moral price to be paid for americas addiction to cheap stuff. Everything from clothes to food to gas the cost is paid mainly by the men and women who sell cheap stuff. But struggle to pay their bills. Meanwhile, increasingly cheap technology is creating a shared economy that offers value and convenience to consumers but it has potentially troubling consequences for limo drivers hotel owners and others. Today i am going look at how some companies and cities are responding to the high cost of cheap. The then we...

Continued pressure from abroad. And meeting facetoface, president obama and House Speaker john boehner sit down for a oneonone over the weekend. There are just three weeks left before the u. S. Goes over the fiscal cliff. Italian shares are down nearly 3 this morning. For the most part, it is bank stocks leading the way down. Were now down about 2. 76 on the ftse mib. Bank stocks have been hit particularly hard this morning. Earlier, we saw shares down 5. 6 . Were seeing the same thing, whether its bmps hitting session lows down nearly 6 comes amid concerns about leadership and economic reform...

Biggest problem at the moment in july prices rose by 10 percent. Thats the highest for a g 7 member. And it could get worse. Brits could see inflation levels around 20 percent next year. Thats at least according to a forecast by goldman sachs. Im joined now by hillary ingram. Shes an economist at lancaster university. Hillary. Lets start with these new growth figures. A 2 tenths of a percent. How should we understand this . Oh, as you said, it was a, a slightly lower figure than was some expected. Its almost very close 0 actually, if you look at the 3 month picture, growth is absolutely flat. ...

Thats the highest for a g 7 member. And it could get worse. Brits could see inflation levels around 20 percent next year. Thats at least according to a forecast by goldman sachs. Im joined now by hillary income. Shes an economist at lancaster university, hillary. Lets start with these new growth figures. A 2 tenths of a percent. How should we understand this . O, as you said, it was a, a slightly lower figure than was some expected. Its almost very close 0 actually. If you look at the 3 month picture, growth is absolutely flat. So ally the u. K. Economy has actually entered recession, there is...

Merkel and others committed to some day doing the kinds of physical transfers of Banking Units they need. And there has been some Real Progress even off that cleanup. But none of that is going to offset the unemployment numbers, barred from that the lack of investment, the constraint on demand from the austerity programs, the feedback in europe. So, again, it is Real Progress, but thats not going translate to growth anytime soon. When you say not going to translate into growth, what is the outlook . To me, what ive been saying for a few months is that europes past is bounded from below and fro...