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1981 when ronald reagan was president and battling a recession that seemed endless. a guy names paul volcker was hiking interest rates a full percentage point at a team to squash inflation that proved relentless. when indiana jones was the hottest movie in the country and charles and diana, the hottest wedding ticket in the world. back then bacon cost $1.75 a pound. try more like $7 now. coffee was $2.46 a pound. closer to $6 now. a half gallon of ice cream set you back about $2. nearly trip that will today. some perspective on time and prices. lower and slower back then. faster and ...

thiessen live coming up. >> john: fox news alert, president biden landing in the middle east as inflation hits a new 40-year high with no end in sight. i'm john roberts in washington. sandra, double duty today. >> sandra: great to be with you, john. brand-new numbers from the government showing red hot inflation has not cooled. consumer price index surging to 9.1% in june. marking the biggest one-year increase since 1981. the president issuing a statement in response to all of it saying "today's data does not reflect the full impact of nearly 30 days of decreases in gas prices and ot...

internationally understand this abroad he will do what he can to smooth over hard feeling withs the saudis and encourage them to loosen the spigot when it comes to oil production at the same time. domestically, though, there's a heavy price to be paid. the price of criticism from both the political left and the right that what he's doing is essentially shuffling over to the saudis hat in hand while tamping down domestic oil production here at home. not exactly a real picnic when you consider he's been critical as rich pointed out as saudis human rights records. quote from the start m...

we are in a recession. the economy has been tracking all year real wages are at record lows and at the same time inflation is the highest it's been in a lifetime of most americans. so call it whatever you want, but it is a recession and it is scary. and they are ignoring it. we are gonna spend the next hour and festa getting how exactly this have happened and how to they tank the economy so fast and what is it mean? get to the answers we can speak to people who had actual credibility on economics that does not include our most highly credentialed economists. people who like the publi...

were killed and eight others injured when parts of a glacier collapsed, sending snow, ice and rock cascading down the slopes of marmolada. now on bbc news, dateline london with shaun ley. hello, and welcome to the programme, which brings together leading uk commentators with the foreign correspondents who write, blog and broadcast to audiences back home from the dateline london. this is our 1937 moment — at least according to general sir patrick sanders, newly appointed head of the british army. his speech this week was a shot across the bows to the politicians attending two nation...