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We start in the united states, where hurricane milton has re strengthened to a category five storm, as it barrels straight towards florida. People there are evacuating en masse, ahead of wednesday s projected landfall. The national hurricane center says the storm has doubled in size since tuesday. Local authorities and weather experts say milton will bring you a destructive storm surge, and some areas will not be survivable. Hundreds of flights have been cancelled. It s expected to bring strong winds of up to 165 mph or 270 kph. Milton comes just days after hurricane helene tore through the south eastern us; 225 people were killed 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 evacu ....
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 ....