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Developments, but we begin at the Weather Map with al roker. As if the threat of this potentially historic Storm Isnt enough, were already seeing tornadoes. Thats right. And this was kind of the worst case scenario, chris, because we were talking about this for the last two days. We were going to see these tornadoes, especially as it approached, and sure enough thats what happened. Lets show you what weve got going on right now. As far as our map is concerned, we are looking at a category 4 storm. 150 miles now southwest of tampa. Its got 130 miles per hour winds. Its moving northeast at 16 miles per hour. Now, as we look, you can see we have Tornado Watches now from Daytona Beach all the way down to key west. Weve had reports of 50 tornadoes so far in the last couple of h ....
Been cancelled, ahead of its landfall, which is expected to bring strong winds of up to 165 mph, 270 kph. 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, making the sunshine state the only one to be affected twice. 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. Our correspondent gordon corera sent this report from tampa in florida. An exodus from tampa. Long lines of traffic snaking out of the city tell you that the warnings are being taken seriously here. Florida is used to hurricanes, but the message has been that this time is different. The city is still ....
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 ....