35 Burst results for "International Monetary Fund"
Will the Situation in Kabul, Afghanistan Devolve Into a Hostage Situation?
"Is why. I'm afraid this entire situation is going to devolve into a hostage. Situation just came out that. The taliban is experiencing a cash crunch the taliban because the west america we've frozen all their bank accounts so the associated press has come out with a story that says taliban took afghanistan but faces cash squeeze and i might sound like a good thing except for the fact that there are thousands and thousands of americans walking the streets of kabul. The bay could very well kidnap and use as hostage to as hostages the says despite their dominant military blitz over the past week the taliban lack access to billions of dollars from their central bank and international monetary fund that would keep the country running during a turbulent shakeup. Those funds are largely controlled by the united states. So what are they going to do. Well the taliban is going to be looking for other options that they're going to get money from china which would be against international policy now. The united states says well now we have a pressure. Point is here's the problem if the taliban if they get motivated enough or they get in a position where they have no choice. The back's against the wall. What's the say that. They wouldn't kidnap americans which is probably already happening and use that to get money in return
"international monetary fund" Discussed on Pittsburgh's Paranormal Chasing Prophecy Radio Show
"You like what you said. He'll be want they want economic power. That's not the way to You know all the the lies in the day play. it's to have economic power. You have to be a world player. You have to be honest in your intention. But let's let's be sure all these countries including us me. Nothing is the world trade organization that runs everything. If the international monetary fund and the world turtle visitation come on man the number one number two agencies that run the world the imf gives or they gave jamaica nine billion dollar loan jamaica defaulted of course and then after they did the. I mess like okay. You're gonna follow our rules now jamaican. Farmers can't even sell. If you grow watermelons you can't sell it on side road. The army goes around smashing people's melons..
Future Work in Local Food Production
"We have a serious food problem. And according to the international monetary fund the price of food has skyrocketed from a low point during the pandemic lockdown in april twenty twenty food. Prices have increased a whopping forty seven percent. And if you shop weekly like i do. Then you've certainly felt the pinch our once. Reliable agricultural model scaled a food pipeline driven on abundant water supplies millions of acres of rich farmland a huge supply chain and cheap labor the pandemic and climate change destroyed that model to feed the nation in the world we must pivot to a new economic model that supports future work in local food production and jobs and local food will support millions of people in need and their communities. Here are some key considerations for supporting future work in local food production first food that travels long distances to grocers loses its nutritional value instead growing local food ensures. That consumers are better fed and that leads to better health outcomes especially in so-called food. Deserts second agribusiness draws billions of gallons of water from sources before consumers can get their supply however parts of california are into their twenty first year of extreme water scarcity by contrast local food producers use water more conservatively and a local food system enables more people in need to access clean water even when water supplies are low third local food. Production can provide good jobs to people entering the workforce. It also doesn't require advanced degrees to do and work skills. Needed are often easy to learn and adopt
Caitlyn Jenner Holds First News Conference as Governor Candidate
"Steve Futterman reports. The recall election is set for September. 14th, the most well known person, hoping to replace Governor Gavin Newsom is former Olympic gold medalist Caitlyn Jenner. We have a crisis in California, Jenner held her first news conference since announcing her candidacy. We're overtaxed We are overregulated. It's a terrible place to do business. She proposed building desalination plants to help deal with the state's drought, but gave no details on cost their locations. Polls currently show voters do not want to remove Newsome. And the International Monetary Fund
Bitcoin Is Much More Than a Speculative Asset
"There has been a huge amount of talk of es g. as it relates to bitcoin this week specifically obviously in the case of tesla reversing policy and no longer accepting bitcoin payments for cars because of environmental concerns. However i think that sometimes when we talk about es g we forget about the s and the g and if we want a complete picture of how. Bitcoin fits within this mindset. We can't only discuss the energy and environmental side. So today i'm reading. Alex glad scenes latest piece called. Check your financial privilege while those comfortable in the dollar bubble derived bitcoin the stories of three emerging-market users demonstrate why it is so important if you like this essay go back and check out my episode called bitcoin. Investing is es ge investing but for. Now let's get to reading in the eyes of most western elites investors journalists and academics. Bitcoin rates anywhere from an annoyance to a disaster. Just a few days ago. American billionaire charlie munger described. Bitcoin is disgusting and contrary to the interests of civilization. Warren buffet wants. The world's richest person sat next to monitor and obvious agreement. He said bitcoin is a delusion and rat poison squared and is warned that he is sorry about its rise because people get their hopes up. That's something like this is going to change their lives. Bill gates who also used to be. The world's richest person has said. Bitcoin is the greater fool theory investment. And that he would short it if he could. Hbo host bill maher skewered bitcoin in an extended segment on his show. Saying that the new currency's promoters are money. Hungry opportunists a few weeks earlier the new york times story that said bitcoin will ruin the planet financial times columnist. Martin wolf has long pegged it as quote ideal for criminals. Terrorists and money. Launderers prominent ivy league economist. Jeffrey sachs said that. Bitcoin offers nothing of social value. While former international monetary fund chief in european central bank president christine lagarde has called it a tool for totally reprehensible money laundering activity over the past decade. These financial experts. Reporters and policymakers have continuously pounded the narrative that bitcoin is risky dangerous bad for humans and bad for the planet.
Putin Warns of Russian "Red Line" Amid Standoff
"President Putin has warned Russia will deal swiftly and harshly with any country that crosses what he called it's red lines. But he gave no indication what those lines were in his state of the nation address. He accused other countries of picking on Russia, but said Moscow only wanted good international relations on domestic issues. He placed stress on improving citizens living standards and reviving the economy. Affected in recent years by international sanctions and the pandemic. Andrea Walker looks at the challenges facing Mr Putin. Russia has felt the economic impact of the global health crisis. Another decline last year was a relatively modest 3.6%. But for much of the last decade, Russia's economic performance has been sluggish. Economic output per person on approximate indicator of average living standards has been stark is around 45% of the level in the United States. The International Monetary Fund has said that to restart the process of catching up with the rich countries Russia needs far reaching reforms to improve the climate for business and reduced the economic footprint of the
How the COVID-19 Pandemic Will Impact the Future Of Work
"Of the Federal Reserve says the U. S economy is headed for a strong recovery post pandemic, but Jerome Powell warns people won't find the same labor conditions as businesses embrace new ways for employees to work. They've spent a lot of time since the pandemic arrived, looking at ways to have more effective technology and perhaps fewer people. So you're going to see some of that in these public facing job so There will be millions of people who have a hard time finding their way back into the workforce and recovering the lives that they had just a year ago. PAL spoke yesterday to the International Monetary Fund and World Bank.
Fed's Powell: US Nears Full Reopening to 'Different Economy'
"Federal reserve chair Jerome Powell says the U. S. economy is heading for a strong recovery but not for everybody we're not going back to the same economy this will be a different economy Powell says some industries will likely be smaller than before the pandemic in other cases employers have spent the pandemic finding ways to use technology instead of workers wherever they can there will be millions of people who have a hard time finding their way back into the work force and recovering the lives that they had just a year ago in remarks to the International Monetary Fund and the World Bank Powell said the piece of virus vaccinations am signs of rapid hiring or putting the US on track to allow for a full re opening of the economy fairly soon Sager macaroni Washington
Fed's Powell: US nears full reopening to 'different economy'
"Federal reserve chairman. Jerome powell pointed to a strong march jobs report as a sign of continued economic recovery. But he says the fed is still waiting to see a significant improvement in the economy before easing supportive measures and we got a taste of what faster progress will look like with the march plummer report close to a million jobs particularly if you add in the revisions for january and february and we want to see a string of months like that so we can really begin to show progress toward our goals. Powell spoke today at a seminar on the global economy hosted by the international monetary fund. He also expressed the importance of vaccines for the us and global recovery.
Reconstruction: Australia after COVID
"Australia's economic recovery in the wake of the pandemic. Well we all know. Australia has weathered the pandemic bit of the most nations. It's been five months since the last reported virus related death and several months since any serious community transmission. It's quite extraordinary. Isn't it in coming. Wakes the most vulnerable. Australians will have been vaccinated on april. Nineteen this news. This week there will be reopening of the trans tasman travel route although they remind risks and uncertainties it's fate aside that the pandemic is pretty much forced drawings. But what does all this main for the economy. John edwards is a senior fellow of the lowy institute and a former member of the board. His new book is called reconstruction australia covered. It's published by the low institute. Get i john. Welcome back to the shy unpleasant to be on for the past year. We've been told we face the most terrifying economic conditions for generations yet australia. You think about it. The unemployment rights less than six percent the stock market is within a few percent of its high level and according to the imf this week international monetary fund australia is poised to grow at its fastest pace in twenty two years. It's four point five percent this year. Indeed we are among the world's standout performance in the recovery from last year's covid recession john. What accounts for our economic resilience. Well first of all. I think we handle the health trip. Caught will lettuce. We responded promptly. We put in social distancing. We prepared our health system for a bigger emergency than one. We presumably and australians will comply with the health guam. So that's that's important that we we contained the pandemic tilting but on the economic side. I think we also risk owner will be response in monetary policy the reserve bank and a very big response from fiscal policy treasurer and the morrison government.
IMF Expects World Economy to Expand 6% For 2021
"International Monetary Fund says the rollout of vaccines and vast sums of government aid in the United States will accelerate the global economic growth to a record high this year in a Powerful rebound from the pandemic recession with 190 country lending agency said Tuesday it expects the world economy to expand a 6% for 2021. That's up from the 5.5. It forecast and Just January.
IMF Upgrades Forecast for 2021 Global Growth to a Record 6%
"A new International Monetary Fund report foresees appeared of global economic growth ahead the IMF says the rollout of coded nineteen vaccines involve sums of government aid will this year kickstart growth to a record high in the powerful rebound from the pandemic recession the one hundred ninety country lending agency says it expects the world economy to expand by six percent in twenty twenty one up from the five point five it did full cost in January it would be the fastest expansion for the global economy in IMF records dating back to nineteen eighty I am F. chief economist Gita Gopinath told reporters a way out of this health and economic crises is increasingly visible I'm Charles through this month
IMF: 6% global economic growth ahead
"International monetary fund has that prediction. It's upped its forecast of global economic growth. This year to six percent. That will be the fastest growth in decades next year. The imf predicts near four and a half percent growth. The rebound is not expected to be uniform. It's forecast to be slower for poor countries. Those heavily reliant on
How vaccine inequality is endangering the world
"With that anniversary one year ago today when the World Health Organization officially declared the covert 19 outbreak, a worldwide pandemic when a year on and 2.6 million people have died worldwide, and the economy is in tatters. There is also hope, because Kobe vaccination drives under way more than 100 countries with more than 300 million doses of ministered, but who gets vaccinated, for example, there around 80 million refugees, asylum seekers and displaced people worldwide. Will they be included in vaccination plans where they live? Filippo Grandi is the U. N High Commissioner for Refugees and his current in Uganda. When I spoke to him, he started by telling me what impact the pandemic and lockdowns have had on refugees. Where I think the impact is severe and will be even more severe is more on the economic side and in lockdowns, which prevail all over the world. We've seen an escalation off poverty if you wish in refugee and displaced community all over the world from Lebanon, Toe black in America, the Venezuelans toe Afghans in South Asia and so forth, So this is really the key challenge that we have to face now. We know that the key to getting out of the pandemic. His vaccination aren't refugees at the end of the list of people who are going to get vaccinated or too often, well, that was very much our concern, especially refugees. Refugees are not nationals off the country's they're in, and we were worried that because of that they would be marginalized. You know, there's been some good developments. I am in Uganda is speaking to you from Kampala and here, for example, today the vaccination begins. I was with the acting prime minister this morning He was going to be vaccinated and he was keen to tell me refugees will be included. There's no question about that. You can the host 1.5 million refugees. Almost the pandemic has the underlying the inequalities that disparities Throughout the world on one of those is that the richer Western countries of vaccinating at a much higher rate than poorer countries, and yet so many of the world's refugees, Aaron places Like where you are right now, you can do that slower roll out in places like Uganda is undoubtedly going to effect refugees, isn't it? You're absolutely right. George. Vaccination programs have to exist and to be rolled out to include refugees, and this is where really the enormous inequality of the international system has appeared. Very carries. The tent of March is the first day that you can to a nation of more than 40 Million people is receiving its first vaccine when in rich countries. This has been going on for several months. So this inequality is blatant. This needs to be corrected. We are active as an organization in those initiatives that aimed at securing a minimum amount of doses. For poor countries and our role there is to ensure that some of those does is go to the refugees as well. But frankly speaking, that effort is not enough to correct that huge imbalance which is really short sighted. It's not only wrong, it's shortsighted. It's a bit like refugees and nationals in the country if people in poor countries do not get vaccination. This is a global issue. It will backfire everywhere else so then more vaccines and needed and more needs to be done to deal with, as you say, the social impact of the pandemic on Refugees in particular. He's a difficult questions, and there aren't presumably easy solutions to them. But what are a couple of things that could should be done to make progress in this sense from the very beginning off the pandemic? I've reached out personally to the leadership of the World Bank and the International Monetary Fund. These institutions have led The establishment off economic rescue packages for countries impacted by Corbett and lockdowns, and my message to them has bean first of all to accelerate. The disbursement of those packages so that this country's are more protected, but also to ensure that vulnerable groups are included actually are considered as a factor to increase those packages. In other words, take Uganda again. Uganda is negotiating. If I understand with the I m F one such package and the message that I will pass through the eye, meth and other similar institutions is remembered. Uganda has what 40 45 million people. It's national population. It has almost 1.5 million refugees. These needs to be factored in, especially in countries like you can that that are very inclusive that include refugees in education programs in health programs that extend to them efforts to create livelihoods. This additional burden that these countries have needs to be considered when this economic packages are rolled out. This is not always the case. Look at Lebanon, for example, where one in four people is a refugee. This huge political tension in Lebanon over this refugee issue. I'm very worried that rescue packages being rolled out and Lebanon has many challenges may not include refugees, and this would be catastrophic for this huge, vulnerable population in that particular country, And this example is valid in other countries as well. So yes, More complex, I would say even then the vaccination inclusion.
Where Does Bitcoin Fit in the Global Reserve Currency Game?
"This is going to shake out how disruption manifest in real life is really hard to predict. But at this point, we do at least know what appear to be different paths that this thing could take if some sort of cryptographic. DIGITAL MONEY OUR future. So Andreas I'd like to throw this one to you to start us off. You've got privately issued. You know literally anybody can do it crypto currencies. You've got so-called corporal coins like the Libra, you've got national digital currencies like we see coming out of China, and then you've got things like bitcoin. So like what are kind of the attributes of these different things? What are the strengths and the weaknesses of each approach or perhaps I'll ask it a different way. What could actually work and what do we know won't Well I'd like to just take a brief that back and say you know even though the US has abused his position, the dollar, and even though there are a lot of contenders for the kind of multipronged geopolitical power structure that doesn't mean the US dollar is anywhere near losing his position as reserve currency in it may lose some of his control but the problem is that there is no good alternative in traditional currencies, not the not the. Ruble the politics. There are two fraud together. One likely contender is not a crypto currency or digital currency at all but is some form of synthetic currency built and managed by the International Monetary Fund's so some kind of SDR based synthetic basket currency that is constructed, which may or may not have a blockchain is kind of unnecessary. It would be a centralized currency that emerges to replace the dollar. But again, you know the IMF isn't an independent organization. Ezer and the problem is there's a vacuum right now in terms of something to replace the US dollar and so we might end up with a brief period where in fact, there are a number of competing monetary and payment systems because it's not just the reserve currency social, the payment system, the US dollar as reserve currency goes hand in hand with swift as the international wire transfer settlements and payment system and control of both gives the US. Enormous geopolitical power now, Europe and China have tried to build alternative versions of swift. So they can bypass controls. The US imposes unilaterally a great example of that would be the embargo on Iran, which Europe, and many other countries under the previous agreements have essentially allowed Iran to sell oil, and yet the US continues to maintain an embargo on his backed out of its treaty obligations. So in that particular case, there's a need for an alternative payment system. The payment system going hand in hand with the reserve currency actually gives us a hint as to the importance of blockchain's in this base, and because of blockchain is simultaneously a payment system and currency and the consensus rules govern both. Now, whether a nation states could make a central digital currency CDC, it's called whether corporates currency could survive or whether it would be some former crypto currency that emerges to fill that vacuum I mean that's a really loaded question and I don't think any of us can answer right now I think what's going to happen is we're going to simply end up in a world where there's a lot more fragmentation. Will Continue to work for some things. The you on and Euro will work. For other things. We'll be libra other corporate currencies that will be central bank digital currencies like digital yuan or digital euro. They'll be her tow currencies and we're going to enter a period of massive fragmentation where things are going to be complicated, and there's going to be more limited liquidity more complications in trade and more exchanges happening across all of these different forms. At. The beginning of this episode, we talked very briefly about how one of the sort of use cases of global reserve currency is to store value in some form other than the one that your government has control over, and we've seen this sort of throughout history with different episodes of heavy inflation hyperinflation in some cases where the money that people think they've saved and have simply goes down in value and can buy less effectively at the end of it that I think is really important part of this conversation and I have increasingly been thinking that. Lacking an alternative lacking a system that actually has neutrality Bilton as a base level assumption you're looking around for what's the best option of all of these bad options right because again, like using the US government's money as your reserve currency when you're in Zimbabwe will, that's much better than using Zimbabwe's hyper inflating currency. But on the other hand, the US is integrate situation either it's essentially the cleanest dirty shirt one of the things that I've really been curious about. With regards to the Central Bank digital currencies. As you said, so called CBD's is whether or not these could behave like a truly neutral system or whether we're just talking about taking the existing very slanted system, which is in favor of whichever country has sort of, as it's called the exorbitant privilege of being able to just essentially right blank checks that you don't have any money to backup, which then people use as their own form of savings in their local country. Whether that changes the equation here whether having something like Bitcoin that although it's neutral and available for use by everyone can't be influenced as we used to say a lot more, you can't hold a gun to the head of math, right? Like there's some protection that's built into that neutrality and I just wonder if that's something that we could ever see or that any government would ever allow to happen in a nationally issued central
Stimulus checks: Trump says no stimulus package ‘until after the election’
"Cancelling negotiations after meeting with Republican senators as saying there won't be a deal until after the election. He then Seemed to reverse course as somewhat and told lawmakers on Twitter to send him a package so he could send out a stimulus checks. The House Speaker Nancy Pelosi, agreeing with President Trump's original statement, saying, Yeah, there will be a deal after the election, but She says that President Trump will lose the election and that's why there will be a stimulus package. Fed Reserve chair Jerome Powell warning on Tuesday that a tentative recovery from the pandemic could falter unless the government supplies additional stimulus. That view also of well, that's the view also of the International Monetary Fund, the IMF managing director Kristalina Georgieva, telling CNBC. There is a huge disconnect right now between what the market is saying and the reality of the economy.
Boris Johnson wants to 'Build Back Greener'
"Know at the top of the show we heard how British Prime Minister Boris Johnson promised to build back greener, and it's have you that the International Monetary Fund subscribes to ahead of the annual meeting in Washington. This month the IMF told its member governments. They can create millions of jobs and boost recovery prospects if they use higher public investment to respond to the severe economic challenge posed by Corona virus well, actually brought he's a climate and energy reporter at Bloomberg News joins me now to discuss this. Actually what is a green recovery and why do economists think it's the right way out of the current recession. Typically economists are looking to be able to create jobs in times of recession, and it happens in two phases. After an immediate shock economists inject a lot of money into the system to be able to allow for rescue. So a lot of people will become conservative of won't go out and spend money or they may lose their job and may not be able to make the rent next month or the mortgage next month. and. So you need to do the rescue. I what comes after that is once the economy starts to get out of the bottom and needs to go up. That's recovery comes in and what economists find is that for about every million dollars that a public money that is spent you can create between two and ten jobs. In the infrastructure space and that is why IMF has come out with the statement. This week saying that if government spend a lot of money on infrastructure than they are going to create a lot of jobs and a lot of jobs good for the economy Chris here is that they wanted to be green infrastructure because we want a lot of green infrastructure going forward. Are Any countries actually doing this. They are what happened early on is that we had to wait to get a signal from these countries to understand whether they've moved on from the rescue as into recovery. When the earliest countries to do it was Germany Germany put out a one hundred, thirty billion euro package that was all tied to green infrastructure. So renewable electricity, clean hydrogen subsidies for electric vehicles, EV charging networks and this has been then followed up by the EU which has put five hundred billion euros. Now, we're going to expect that as you talked about Boris Johnson that will expect some of that money coming through in the UK as well, and if Joe Biden President, he has a promised that he will push for green recovery in the US. What. Then would agree in recovery look like. So in in. Principle the thing that has changed from the last financial crisis is that this time around alternatives to fossil fuels are actually cheaper and governments will used the money that they have in hand to be able to spend that money into projects like renewable energy. But also things that we've probably not spend money on for a long time but we. Should be so that would be either repairing roads and bridges are really retrofitting homes with more energy. Efficient windows are ceilings so that you can reduce your energy bills, these old sound set of boring things, but they are really important to be able to cut emissions, but also bring in lots and lots of jobs, and that's exactly what we need right now Just cookie on Boris's bars Johnson's plan. How realistic is that? It's it's very realistic. So one of the things that has changed you know the big promise he has made is about building lots and lots of off-shore wind turbines. Offshore Wind was considered extremely expensive probably ten years ago and it's It's prices have come down and it's costs down really rapidly partially because we've been subsidizing subsidizing here in the UK. But also generally across Europe the deployment of these technologies and what we. Know again from economists, is that new technologies follow something called a learning curve for every doubling off the amount of the technology deployed out in the field you get a certain reduction in cost, and so the foster deploy it, the foster costs fall and what bars Johnson has recognized is offshore wind is now ready for the big time
China imposes sanctions on U.S. senators Rubio, Cruz over Xinjiang advocacy
"Hungary, Janus Henderson, who did this survey reckons? That's going to be about nine trillion cumulus, if speaking of debt around four companies now debt debt by itself is not good or bad. It just depends whether you can repay it or not. The authors of the forecast also say that debt has been going up faster than prophets of growing over the past few years. That is worrying, but as you alluded to interest rates around the world have been so low. Is this debt pile necessarily a problem for these companies? Well the lower interest rates off the easier. It is to pay that money back, but at some point interest rates will have to go, and that could be a problem for companies now. The worry is that when company stock coming out of the bad times caused by the corona virus. Whether they of making prophet or not. They still have to pay the interest in payback the debt. It's interesting. The chief economist of the International Monetary Fund last week was saying that perhaps governments should think again about lending money to so many companies to help save them, but think more in terms of perhaps buying shares or coming up with financial instruments that are more light buying shares equity say
Chief economist: With outlook hazy, economy needs support
"Guest, the chief economist of the International Monetary Fund in the wake of this pandemic, the IMF says the global economic outlook is far worse than previously thought. And recovery will take a lot longer for those living in poor countries. That will mean greater income inequality. More debt and more poverty. Geeta Gopinath is the chief economist for the IMF, and she joins us Now. Welcome to the program. Thank you for having me on your show. And we also have NPR's gyms are Oli, who covers economics will also be asking questions. Good morning to you. Good morning, Geeta Gopinath. You predict a much deeper recession this year and slower recovery in the next. What caused you to revise your April estimates so drastically when two big reasons. One is, If you look at the duration of the Loch towns in the first half of this year, they have bean longer than we anticipated. And the intensity has been greater. And secondly, because we don't have a medical solution, yet we expect to see longer, more persistent social distancing into the second half of this year. You wrote this past week that 75% of countries are reopening. But in the absence of a medical solution, the strength of the recovery is highly uncertain. Did you not know that before, though, was there some belief early on that this was going to be Shorter, considering the fact that the illness was deemed to be serious and global and reach. I think what we certainly expected it was that they would not be a vaccine anytime in 2020 But on the other hand, there was an anticipation that as countries expanded, the healthcare facilities did enough testing. Tracing had enough protective equipment. Then there would be much better prepared to deal with this health crisis. I think as off now we can say that countries are still behind the curve here. Which is why we expect this to be a bumpy ride going forward. I'm going to press you a little bit on the debt that the poor nations they're taking on because we've seen in the past that it literally takes years upon years to get out from underneath that debt, and we really are in a place where there won't be many places to turn to for those poor countries to find help. It is going to be a serious concern for foreign nations who will come out of this crisis with higher levels off debt, and the solution for that will be a multilateral support in the form off. Death relief debt restructuring. Concessional financing concessional aid. I mean, I don't see any other way for these economies to be able to come back up to growth without support from the international community. China is a huge lender, especially to developing economies. How cooperative is China being right now in terms of rescheduling debt? China is a part of this G 20 initiated to provide debt relief on DH, So you know they are working with the international institutions to help in this respect. You know, I suspect much more will be needed and this is from all countries was just from China for the poor nations. Onda also for a much longer period of time than till the end of this year.
"international monetary fund" Discussed on KIRO Radio 97.3 FM
"Served as the chief economist at the International Monetary Fund from two thousand eight to two thousand fifteen he has taught economics at both Harvard and MIT and he has served as the president of the American economic association today he is a senior fellow at the Peterson institute for international economics we just sat down with a levy a to talk about the economic implications of the corona virus outbreak a levy a thank you very much for joining us on intelligence matters it is great to have you with us it's a pleasure so the eight this is this is the fourth episode in a row that we have done on the coded nineteen pandemic the first was on the virus itself the second was on the government's policy response with regard to health the third was on the national security implications and today with you we're gonna do the economics of all of this so thank you very much what I'd like to do is kind of break this into into four big pieces of the VA the first is the economic impact the second is policy response by governments the third is how to think about the eventual recovery and then the force is any thoughts that you might have about the long term economic implications of all of this but if we start with the economic impact maybe the first question is where was the US and the global economies as we were going into this crisis you know were they strong where they weakening how would you characterize where they were as we were going into this in those initial few weeks so I think just before the crisis the feeling in general was that that was more or less smooth sailing there were no major issues in balance is on the horizon the group was no great because productivity growth is not great but there was a sense that overall the expansion had been lasting for the long time the longest time in post war history it could continue there was no reason to think that the recession was coming or anything was coming so this was really a well we well when the virus appeared show how would you how would you describe it to a non economist Olivier what's happening to our economies from a demand and supply perspective how would you explain what's going on today Edgar basic levels with eighteen the easy to explain which is set for health reasons we basically had to close about one third of the economy nearly overnight and that's you know you know dog in their supply shock she certainly basically one third of production had to stop what we've realized is that stopping one thirties is a very complicated thing because it has a lot of facts you cruise one firm and then the phone which is buying from but from he's in trouble over firm which was selling to read for an he's in trouble and we see this all the time that become bigger and bigger and the why why do I choose the one phone number because now we know have some estimates from parts from countries which have been on lockdown and then we can look exactly at what happened that and this one phone number seems to be the right number so we've gone full face with a defect we just cruised once her off of production effect of this was that it was potentially catastrophic for all the people who basically don't have forms of ID they can use to survive well they cruising is going on and same thing for firms and therefore what we have seen is a need to help them it will come back as he could possibly play to but but the government has tried to do is we need the effect on the most vulnerable people in films so that's what has happened until now and now with entering the next phase and this was needed to control the infection rate and get it down a bit we now entering the second phase which is going to last a long time and we're entering it too will be from a health point of view I think there's no disagreement that if we could do it for now if you could have no dial or something close to log on for another month it would be very very useful much easier to control the infection but often but for various reasons which we can come back to that's not what we're doing and therefore we now in the phase in which we have to keep infection rate down and this is an incredibly on certain face both because we don't understand still fully the dynamics of the virus we don't exactly understand the effect of the body's fox with a low down on the virus we don't understand what we can do to basically keep being second rate down and so I think the most likely outcome given that we would be starting to ability is that it's going to be very bumpy that once in a while they are going to be increases in infections people talk about a second wave that could be a second wave could be a third way it's going to be a series of bombs in which we may have to go back into the hotel with the same problems again for people who don't have the means to survive used a downstate on how long it's going to last will be quite a while they difficult to say but if I take a guess I don't think we'll be back to anything like normal before the middle of next year maybe the end of the year show today in this in this second phase is the economy continuing to contract significantly or is it more flat how do you how do you think about that no I mean you can think of what happened is basically we just went down and then we're going to hopefully to slowly go back maybe not exactly to where we were before the crisis but you can think of going up slowly but you know the pain is still going to be there for a long time but yes in principle from now on we should expect cool off given that we form so much cool should be positive which again sounds good but we're starting from a very low level so it's going to be a lot of pain for a long time and then if we have loved dogs then you know we could be there to get we'd walk again we have to close for lunch again and we have another decrease in output in production up that's not the hope is that we can do it relatively smoothly I think the reality is going to roll up on average but we may have a new log homes new decreases in production so they can you can you explain to folks what just happened in the oil market why it was possible to buy to buy oil in the future at a negative price not fighting anybody all rights but it's easy to understand what happens to I saw a photo with his a decrease in the mac which is surprising it has taken some of the place more order than people and firms can use and you know you start storing it in those places you end of story getting boats and ships and whether you can but at some stage is just too much and the thing you want is just to get rid of it and so for a very brief period the prices went negative that's a big deal what's important is that the price is very low and he's going to remain very low partly because of the enormous decreasing demand but also because of the incredibly stupid war between the Saudis and the Russians which has increased supply at the time in which you know there was a need for reducing supply not increasing.
"international monetary fund" Discussed on C-SPAN Radio
"The corona virus pandemic is having an effect on the congressional schedule house Majority Leader Steny Hoyer announced that members will not be back for legislative business until Monday may fourth that's two weeks after the chamber was originally scheduled to return Furthermore members have been advised they would have sufficient notice about returning to Capitol Hill if legislation related to the corona virus was to be considered before may fourth the Senate is currently scheduled to resume legislative work on Monday April twentieth but that's also subject to change due to the pandemic watch live coverage of the house on C. span and the Senate on C-SPAN two this is a repair she's great radio programming from Tuesday next remarks from the International Monetary Fund managing director Christa Lina your gave up on the impact of the corona virus on the global economy and why the decline could get worse with the second wave of the virus this took place as a virtual discussion with the Atlantic council thank you everyone for joining us today I'm John Lipsky I'm the director of policy and programs at the Atlantic council's global business and economic center and we are honored today at the Atlantic council to welcome crystallinity again managing director of the International Monetary Fund at today's event is part of our headliner you see front page series it's our new premier live ideas platform where we bring together global leaders to discuss the most urgent challenges facing the world so I think we really do have the perfect gas this morning she leaves an institution that is on the front lines of trying to save the global economy and on a personal note I'm proud to say it's an institution I.
"international monetary fund" Discussed on KOMO
"The International Monetary Fund predicts the pandemic will force the global economy to shrink three percent this year this is a crisis like no other give the governor of his IMF chief economist are substantial uncertainty about the impact it will have on people's lives and livelihoods good enough says the losses will be around nine trillion dollars this makes the great lockdown the worst recession since the Great Depression and file was then the global financial crises across the southeast US the death toll from the Easter weekend tornado outbreak rose to thirty four after an aerial tour of the tornado zone the magnitude of the damage here is catastrophic Mississippi governor Tate Reeves says winds inside the twister are estimated at two hundred miles per hour but beyond that the state on the ground for what looks like forty or fifty miles Mississippi had twelve fidelity spread across six counties more than thirty seven thousand were still without power Jim Ryan ABC news latest sporting event to fall victim to the pandemic the world's most famous bike ride the tour de France won't begin as originally planned because president macrons canceled all public events with large crowds threw me in July the three week race was supposed to start in late June and needs more consultations are planned in the coming weeks regarding a possible postponement or outright cancellation ABC's Tom rivers this is ABC news traffic in.
"international monetary fund" Discussed on WTOP
"Fears and the economy the International Monetary Fund says it's unlikely to downgrade global growth because of it spokesman Gerry rice clearly the virus is going to have an impact on growth all eyes will be on Wall Street after the Dow tumbled nearly twelve hundred points CBS news business analyst Jill Slazenger if that were to curtail people's behavior if people no longer feel like they want to go out and shop if companies are putting clamps down on spending that could be an unintended consequence of the virus California officials are trying to locate everyone who was in contact with the woman thought to be the first known case in the U. S. of unknown origin Dr Bela at my aunt's house with Solano county public health we don't know what to expect so at this point we don't know where the patient was exposed we know that the patient became ill was hospitalized at a local hospital in our county CBS news update on Matt Piper WTOP at three thirty two in the meantime top members of Congress have pledged to come together and approve funding to fight the virus but there's still plenty of political tension as you might imagine as we here this morning from WTOP's Mitchell Miller on Capitol Hill house speaker Nancy Pelosi says she's ready to reach across the aisle but she also says she told vice president Mike pence she has concerns about him being the point person on the issue and she remains critical of how the administration first handled it up until now the trump administration has mounted pagan often chaotic response to this outbreak president trump has accused pelo see of trying to create panic but given Democrats criticism the house's top Republican Kevin McCarthy defends the president the idea that they would take it to that level right now harms the American public I think the president was making that case despite the sniping by both sides lawmakers remain hopeful though agree on a multi billion dollar plan to deal with the virus on Capitol Hill Mitchell Miller WTOP news thirty three on your Friday morning two potential cases of the corona virus have been reported in Maryland the patients are staying in their homes this morning waiting for CDC test results this comes as Maryland's governor says the state is prepared if the illness starts spreading there is no immediate public health emergency here in Maryland it will be a couple days before we know if the two people who recently traveled to China have the illness governor Larry Hogan says resources already meetings are happening and he will submit a supplemental budget which puts ten million dollars toward preparedness and response our state is taking every precaution Dr Fran fell for the state's department of health says they're working with health care providers to make sure they're prepared even though we do not have any confirmed cases of corona virus at the Maryland emergency management agency in Reisterstown Mike Morello WTOP news Maryland says this morning it is examining a third person to see whether or not their illness meets the guidelines for CDC testing and we're still waiting to see whether a person in northern Virginia has the corona virus.
"international monetary fund" Discussed on AP News
"Network an International Monetary Fund delegation is meeting in Lebanon to help deal with the country's crippling economic and financial crisis amid concerns it might default on its euro bond debt payment for the first time Lebanon is going through its worst economic crisis since the nineteen seventy five to ninety civil war since then it's been marked by widespread corruption and mismanagement in which billions was spent on infrastructure which remains mostly dysfunctional the I MF experts first held talks in the morning with prime minister has son de AB who after the meeting headed to the presidential palace for a cabinet session yeah became prime minister last month after he received backing from the militant Hezbollah group earlier this week I am a spokesman Jerry rice said that the team will listen to Lebanese officials views on how they plan to face the country's economic difficulties I'm provide advice on policies to deal with the challenges facing the economy volunteers from Hong Kong theater group are using their backstage skills to help fight the new corona virus there sewing reusable protective face masks for those who can't access or for them the founder of the group nonsense makers and others have used a theater rehearsal room to produce four hundred fabric masks that can be re used by throwing away the inner lining they've told the Associated Press they think their triple layered creations will be an effective defense Hong Kong specialist in infectious diseases that fabric masks are a good option amid the shortage of industrial produced ones he says putting a surgical mask into the middle of the mask can help prevent the virus and it's moist absorbing layer can extend its lifespan and effectiveness tennis great Roger Federer says he's going to be out of commission for the French Open and several other tournaments he had arthroscopic surgery in Switzerland Wednesday on his right means something he said it's been bothering him for a while Federer wrote on his Facebook page doctors are very confident of a full recovery and closed his post with the what the grass you struggled with this witness at times during the recent Australian Open and was clearly hampered when he lost to Novak Djokovic among the other tournaments still mess to buy Indian Wells Bogota and Miami prior to the French Open Federer's targeting a return for Wimbledon which starts June twenty ninth trump and the Russians I'm to McGuire than AP news minute The New York Times reports in a private briefing with members of the house intelligence committee a week ago intelligence officials told the lawmakers Russia is interfering in the coming elections in favor of president trump the times citing five unidentified people familiar with the matter report that to trump became angry about that report rating outgoing interim national security director Joseph McGuire Joe says he won't for now pardon long time confidant Roger stone but Roger is a very good chance of exoneration in my opinion US health experts confirm eleven of thirteen people evacuated to it all the hospital from the diamond princess cruise ship in Japan have tested positive for covert nineteen ten of those people being cared for at two separate locations in Nebraska all thirteen were evacuated to the US three days ago South Korea reports fifty two new cases of the virus raising its total to one hundred fifty six I'm chemical eight P. digital news back in a moment thank you for listening to the AP radio network Hey did you.
"international monetary fund" Discussed on KOA 850 AM
"Radio Facebook is changing its tune on its planned libra cryptocurrency originally Facebook said it would tie the currency is valued a basket of currencies and global data now the company says it could be back by different crypto currencies tied to world currencies like the US dollar Facebook has gotten a lot of push back from regulators and lawmakers with its digital currency idea a number of important partners of pulled out of the project including PayPal MasterCard and visa the plant is still the rollout libra sometime next year voting starts this week in the United auto workers strike against General Motors about fifty thousand striking workers are voting on a tentative contract the union leaders are recommending while the tentative agreement increases pay and has a defined path for temporary workers to get full time status it also does closed a plant in Ohio all ballots are due in by Friday union members will remain on the picket line until those votes are counted for maybe the first time there was serious discussion of a topic that previously hasn't gotten much attention at meetings of the International Monetary Fund the IMF says the financial cost of climate change up quite a bit this past week and that that there is now a sense of urgency that hasn't been there before and I am a spokesman says the organization is now crunching numbers on the pricing of climate risk and to what extent it's priced into stock and bond markets we are getting our first look at the stock market right now the trading on Wall Street so far stocks are up the Dow is up for the two the nasdaq is up fifty three and the S. and P. is up fifteen in our next money update Colorado's most expensive colleges and universities that's coming up a twelve not watered Kaelin forty four sports of Mike rice plenty of NFL action yesterday in fact a couple AFC west teams to get the chance to see them play and go down which is I guess nice to see the Bronco fan never hurts does it incredible day for Packers quarterback Aaron Rodgers two through five touchdown passes rushed for scoring green bay's big win over the raiders forty two to twenty four the Packers are now six in one second best record in the NFC and defensive back chair Alexander says they're getting better man is amazing you know I mean no I mean hello can you ask for you know we just we just don't keep it in office and we don't keep him better San Francisco now leads the NFC six a no after beating the red skins nine to nothing in the rain the cowboys snap their three game losing streak by routing the eagles thirty seven to ten on Sunday night football Dallas during three turnovers into twenty one points Billy head coach Doug Peterson said that is unacceptable can't do that we can start to him that way the only two fumbles to start the game which led to fourteen points as hard I guess good football team this hard you can't do that you know missed tackles things like that there's just things that we look at that we have to fix we have six of in a hurry and then we'll take a hard look you know hard look at that the next couple days Cabela's reform three the eagles three and four the Chargers fall at Tennessee twenty three to twenty running back Melvin Gordon fumbled the ball away at the goal line in the final seconds of that one which course a touchdown would have won the game for LA clock could be taking on wide receiver manual Sanders and his time with the Broncos nineties Broncos insider Mike Klis says the Broncos will likely trade Sanders before the deadline a week from tomorrow ESPN's Adam Schefter reported yesterday the possibility there's a deal involving Sanders is real Broncos back at practice tomorrow we'll see if Vic Fangio on his staff make any changes on the off the side of the ball after that miserable Thursday night performance against the chiefs the ABS continue their road trip tonight in Saint Louis coming off a big win in Tampa Saturday night a game that featured Tyson Joe's first NHL hat trick on on the label this process does awesome stuff I thought for a really good is nice is going great plays on my my my my and several record of seven oh one one they face off with the blues tonight at six World Series starts tomorrow in Houston game one between the Astros.
"international monetary fund" Discussed on AP News
"Of the other stars of Sesame Street are leaving their quiet neighborhood and embarking on a road trip. The not Germany's economy has received a positive sign amid news of a slowdown an index of investor sentiment bounced higher in April adding to the contradictory signals about the strength of Europe's largest economy. Does that e w index published Tuesday rose for the? Th straight month two plus three point one from minus three point six in March, the German economy registered no growth at the end of twenty eighteen at manufacturing data has been weak amid slowing global trade. The weak points of being offset by low unemployment and rising wages raising hopes for a modest rebound. This year. Greece is hoping to repay its debts to the International Monetary Fund early. The Greek government said it's in talks with European bailout lenders as market barring rates of tumbled to their lowest level since two thousand and five. A government spokesman said Athens is hoping to repay a significant portion of its remaining nine point six billion euros to the F ahead of schedule. Greece would need approval from the euro-zone's rescue fund to repay its loans early. But top officials in the agency and the European Commission have already praised the idea the left wing government in Greece facing national municipal and European elections. This year is planning to boost funding for social programs with the money if eventually saved from the cheaper loan repayment. I'm Rita Foley with an AP news minute. She is considered armed and extremely dangerous. Authorities in Colorado. We're looking for Seoul pie in eighteen year old Miami woman who made threats that shut down the public schools. The Denver area today. They say they say she's obsessed with the shooting twenty years ago at Columbine high school that killed thirteen people. Jefferson County sheriff's spokesman Mike Tappin any threats involving.
"international monetary fund" Discussed on AP News
"Today's show co anchor Hoda Kotb these family has grown in a telephone call on Tuesday. She told her colleagues that she's adopted a second child hope Catherine joins two year old sister Hayley joy who caught the adopted in two thousand seventeen copy said Haley's now marching around saying, I'm a big sister. Greece is hoping to repay the debt to the International Monetary Fund early. The Greek government said it's in talks with European bailout lenders market, barring rates of tumbled to their lowest levels since two thousand five a government spokesman said Athens is hoping to repay a significant portion of its remaining nine point six billion euros to the IMF ahead of shedule. Greece would need approval from the Euro-zones rescue fund to repay its loans early. But top officials in the agency and the European Commission have already praised the idea the left-wing government in Greece facing national municipal and European elections. This year is planning to boost funding for social programs with the money. If any Julie saved from the cheaper loan repayment as he struggles with its troubled seven thirty seven max jets AP Washington correspondent saga megani reports. It's getting some unsolicited advice from the White House. President Trump says no product has suffered like this one. If he. He ran Boeing he tweets he would fix the plane at some great features and then rebranded with a new name. Yep. Sarcastically. What the hell do I know of branding? Maybe nothing, but I did become president. He's known for slapping, his name on hotels, golf courses and two buildings. And also ran a short lived airline, which he named Trump shuttle saga megani? Washington. AT radio news. I'm Jacky Quin. The Trump administration's announced a big change that will keep asylum seekers locked.
"international monetary fund" Discussed on Newsradio 1200 WOAI
"Look at their world, New York City, mayor said schools, becoming homes of intolerance, or is crazy legal ghetto will be off limit campaign to ban using words like or you guys because they could be hurtful. It was a picture printed out with my eyes crossed out. What's trigger warning student might make them uncomfortable? That you have to warn them in advance. The great Gatsby have been given a trigger warning due to violent subject matter. Students are not only using the trigger warnings not read the books some are using them to not attend class altogether. Got the Columbia law school. They're going to allow students to postpone their exams at Harvard. One extra time to prepare for exams because they have been too busy protesting traumatize situations. Ferguson. Students who participated in recent demonstrations hope to catch a break, they feel should be their lowest grade, pomp and circumstance and some campuses also being with controversy. Now calling this invitation season at Rutgers University stage one of the largest citizens in that school's history because of role in the Iraq war, the International Monetary Fund. Christine Lagarde backing out of the commencement speech at Smith College after an online petition Brandeis university withdrawing an invitation to a women's rights activists for being a critic of Islam Berkeley students want to give Bill marr. The boot motivated by controversial comments Maher made recently about Islam they were going to bring in a camel like a petting zoo. But a number of the university students felt that that would be racist. College plans to create a campus wide system that will allow students to Nana sleeve report microaggressions sorority got in trouble for hosting taco Tuesday event because some attendees or culturally insensitive tire like some. Darrow's covered didn't want to offend. It's Palestinian students because the sodastream company that makes this water system is located in Israel. Load of. Jonathan in Austin, you're on the Michael berry show, you better or worse off under the Trump administration. Much better explain much better. So I have a cleaning business in a laundry service. Austin, Texas, it's called the basin cleaning services, and I mean, the labor market in that field is kind of shrinking because you know, early on. Everybody was so worried about immigration that a lot of people last. So it's a lot more opportunity for me, and the economy's better more people are spending more money on things that couldn't always afford or generally wouldn't consider. People have been convinced that what matters is who's on a college campus. But what really matters is can you provide for your family, can you? Chase your dreams, you know, people don't come to the United States. I spent a lot of time in my life travelling through the third world, and I'm gonna tell you people wait outside the US embassy for days in advance to try to get a visa to come here. Just to come here. Whether that means working in a parking garage driving, a taxi because of the opportunity, and nobody says, well, I'm not I don't want to go there. Because college students are upset it's not intil. You're a Konami is that you can afford to be so upset over the fact that your daddy didn't love you, and that manifests itself in some sort of social Justice warrior status. This is the Michael berry show. To be exactly what to expect the weather to be like this time of year the last couple of years, that's so much..
"international monetary fund" Discussed on AP News
"The International Monetary Fund says it's optimistic on Greece's growth and employment prospects for this year, but urged the government to stick to reforms to maintain the momentum in a report published following talks with officials in Athens. IMF officials said the battered Greek economy said to grow two point four percent this year up from two point one percent in twenty eight teen. The report also argued the heavily indebted countries. Medium-term ability to repay its creditors. Mostly its European partners and the IMF remains robust. It added. However, the country remains vulnerable to a potential slowdown in the global economy and must press ahead with reforms, particularly to make the labor market more flexible. San Francisco forty Niners legend Joe Montana is looking to hit pay dirt in the legal marijuana industry. California based Khalifa has announced the hall of fame quarterbacks. Venture capital firm is taking part in a seventy five million dollar investment in the company Khalifa operates a farm in to retail stores in northern California and distributes its branded products in roughly two dozen other retail outlets in the state in a statement Montana said he was investing in marijuana in part to combat opioid addiction some doctors recommend marijuana to treat opioid addiction. Former Yahoo chief executive officer Carol Bartz also took part in the investment and will join the company's board of directors. Chinese Internet users are speaking out on social media after losing access to Microsoft's Bing, search engine people have complained online about the ruling communist parties, increasingly tight online censorship with some accusing regulators of choking off access to information others complained. They were forced to use Chinese. Search engines they say deliver poor results being complied. With government censorship rules by excluding foreign websites that are blocked by Chinese filters from search results. President Xi Jinping's government steadily tightened control over online activity, Microsoft confirmed in a statement Bing was inaccessible in China. It's the company's trying to determine next steps. The shutdown and federal workers. I'm Tim Maguire within a newsman that President Trump agrees to short term continuing resolution to end the partial government shutdown. Congressional negotiators have three weeks to work out a deal. House speaker Nancy Pelosi, please that we reached an agreement to reopen government now. So that we can have a discussion on how to secure our borders. Trump says any agreement has to include funding for his border wall having barriers fencing or walls, or whatever you wanna call. It will be an important part of the solution. EPA lawyer kaylene Castelli says the shutdown was painful, definitely welcome getting paid because.
"international monetary fund" Discussed on KDWN 720AM
"Oh, one five FM seven twenty AM, the talk of Las Vegas world markets or subdued today as Japan reported weak export data and new surface to possible. Hiccups in China US, trade talks, Japan's Nikkei shed point one percent after the Bank of Japan kept. It's short and long term interest rates intact as expected but lowered its inflation forecasts yesterday on Wall Street US investors returned from the holiday to lower global growth estimates by the International Monetary Fund and news that China's economy expanded last year at its slowest pace since nineteen ninety well, a former Bank executive who cooperated with authorities in an investigation that led to the fraud convictions of four top executives Wilmington trust. That's the only financial institution to be charged in connection with the bailout program has been sentenced. Two almost two years in prison. Fifty one year old Joseph Terranova was sentenced to this week. He at one point Warren FBI wire to secretly record conversations with colleagues in real estate developers. And he testified last year in the trial of former Bank President, Robert Hera and three top Wilmington. Trust executives all were found guilty. Consumer activists. Erin Brockovich is urging California lawmakers not to let Pacific Gas and electric go bankrupt. Because it might mean less money for wildfire victims Brockovich spoke Tuesday in Sacramento alongside people who have sued the utility after losing their homes and twenty seventeen in two thousand eighteen fires. Of course, she's best known for her environmental suit against PG knee in the nineties that became the subject of a movie. Anyway, the utilities announced its plans to file for bankruptcy. This month thing it can't afford at least thirty billion in damages related to the wildfires. Experts. Say bankruptcy will likely mean wildfire victims who sued won't be paid fully and Newark airport says flight arrivals were briefly suspended because of reports of drone activity, but normal operations have since resumed at the Federal Aviation Administration said it received reports of incoming flights yesterday evening that a drone was spotted about thirty five hundred feet over nearby. Tito borough airport. It's that arriving flights were held even after they resumed some incoming flights were delayed while the backlog was cleared and on the same day. Netflix scored its first best picture nomination from the Oscars. The streaming company joined the lobbying group the Motion Picture Association of America becoming the first streaming service to do. So now one of the NPA as chief goals is to combat piracy, which is a concern for net looks as it continues to expand overseas net. Flicks though, does not use the MPAA's rating system to stamp its films PG thirteen or are for example, that is significant becoming the first streaming service to join the other members of the MPAA's are the major studios. Well, speaking of net, flicks and tech. Let's bring in our regular guest. Clark rejoins us each Wednesday this hour here on America's First News that you can find more information at Clark, read dot me. Clark good Wednesday morning. My friend. Hey, good morning bat. That's pretty significant net. Joining the association there. Really taking on the movie studios at their own game. Yeah. They absolutely are. The raising prices is going to pay their membership fee there. Yeah. Speaking of prices, Google got tagged with a fine this week from Europe. It's the first it's the first fine. That this European agency has issued Fifty-seven million bucks. Google saying, look, you did not spell out in plain language that you were going to sell users information to other companies now we've seen here in the US. We saw Mark Zuckerberg testify in many lawmakers had no idea what he was even talking about you had the debacle over whether or not Google sensors. Trump administration news that kind of thing, but lawmakers here at home really appear to not know what they're doing is the EU leading the way in this fight. Yeah. I think by a country mile. They are actually at it may we may look out and because of the regulations they put in for stronger, they help us which would be great. You and I talked about the air that the fifty seven billion. What is that? Five minutes. Not at this point. Yeah. I it really isn't. But. As I mentioned, they're the only country. I will only union I should say actually doing anything about it. So I don't think you know, obviously regulation is not a popular word here in the US when you're talking about business in tech and everything else, but they're really cracking down. They are in some of the contract. Google Gould's looking at the vision widely expected they'll try to appeal the fine. But. They have not commented on it. So far. Uber is working on self driving scooters and bikes according to three robotic CEO what what's the endgame here. Do. I hail one of these to go somewhere. Yeah. You'll feel it with the app and one of the interesting features with with it being self driving the vehicle. Drive itself. Zorka drive itself to meet you as a writer big you up. So that's kind of a cool feature. They are hiring some engineer. So it'll be interesting to see what they shared electric scooters bikes, the light electric bikes a lot it's cities now more and more than the regular bites. You can rent. So we'll see what happens with this. Yeah. The bikes in a lot of cities, though, the the ones you're able to swipe a credit card and and take off with it. They haven't been successful as far as getting people to return them. To their proper areas. I know subsidies, you'll see the giant white vans out collecting the bikes and taking them back. Exactly, they don't. And that that was quite a scene in San Francisco where you had scooters. Not. But. Littering every place. Buildings people just abandoned. All right. You are in the bay area. Clark. Did you get your Starbucks delivered yesterday? No, I did maybe.
"international monetary fund" Discussed on KDWN 720AM
"Good Tuesday morning. America's First News continues on this twenty second day of January AFN money this morning and Asian markets at retreated Tuesday after the International Monetary Fund trimmed its global outlook for the next two years. A more on that in a moment here at home, Wall Street, of course, closed for the holiday Monday futures point to a negative opening right now. Well, the Transportation Safety administration is calling in national deployment officers typically used for natural disasters. This has the agency says it seen a record ten percent callout says the government shutdown drags on more than eight hundred thousand federal employees are expected to miss a second paycheck this Friday. Mallory Lord, Jesus federal worker for the US fish and Wildlife Service. She's also a diabetic who's had to ration her insulin. A few months ago, we got married and then header honeymoon in a couple of days after getting back from our honeymoon. Double pneumonia. And then a week later. I was hospitalized with sepsis and respiratory failure. So I was already worried about my insulin supply when the shutdown started I had three miles left, and then I started to panic and I thought well, okay. Maybe I'll skip injecting. Like, maybe one meal every other day, the shutdown will end I thought this last weekend. I didn't wear my insulin pump at all I just took it off. 'cause I was so frightened about what little I did have left and we couldn't afford the three hundred dollars copay to buy anymore. So I. So you just didn't do you didn't take any yet. I just I took my insulin pump off, and then there was one night where I check my blood sugar, and it was almost six hundred which is about triple about what it should be. And at that point. You can go into diabetic diabetic Kito acidosis diabetic coma. And I thought. No. And then say for the shutdown. I can't afford an ambulance Bill. I can't afford to go to the emergency room right now. Because there's more bills coming our way. So I just I went to bed and just hoped I'd wake up as kind of morbid as it sounds. Yeah. Yeah. Lords you making those comments to CNN. She said the thought of going into more debt was more disturbing than possibly not waking up. Now. She said when her story got out the public started donating for her medication of the world economy absorbed. More bad news, Monday, the International Monetary Fund, cut its growth forecast for twenty nine thousand nine and China, which is the second biggest economy in the world said it had slowed to its weakest pace since one thousand nine hundred ninety the IMF cut its estimate for growth this year to three point five percent from the three point seven it predicted in October the fund cited heightened trade tensions and rising interest rates. The IMF not alone in its pessimism. The World Bank the organization for economic cooperation and development and other. Forecasters of also downgraded world growth estimates. British Prime Minister Theresa may unveiled her Brexit plan B on Monday. But it looks a lot like plan a may launched a mission. Resuscitate rejected European Union divorce deal setting out plans to get it approved by parliament after securing changes from the e to a. Irish border issue today. Richard ministerial statement as required under section thirteen four and five of the withdrawal action table emotion in neutral terms on this statement as required by section thirteen six this motion will be amendable, and we'll be debated and voted on in this house on the twenty ninth of January and provide a further update the house during that debate. This is not a rerun of the vote to ratify the agreement. We have reached with the European Union, but the fulfillment of the process following the house's decision to reject motion. The process of engagement is ongoing Weinstein will disappoint those colleagues that hope to secure a second referendum. I do not believe that there is a majority in this house. Whilst I want to deliver a deal with the EU. I cannot support the only other way in which to take no deal off the table, which is to revoke article fifty semi Suncoast continues to be on what is needed to secure the support of this house in favor of a Brexit deal with the EU am I said so far is the three P changes needed?.
"international monetary fund" Discussed on Monocle 24: The Monocle Daily
"The austerity measures being introduced by Mercedes McRae's government. It is obviously if nothing else are demonstration of that power that Argentina's trade unions possess isn't anything beyond that though. What kind of response I hoping for from the government. Well festival it is very much a demonstration of power by some of the world's most powerful trade unions. And those trade unions are directly opposed to the type of economic reform program that mercy macrey has been trying to put in place in Argentina ever since he took power in twenty fifteen, they now are operating at a time of weakness when retain macrey government as Argentina goes through an economic crisis. The local currency, as you mentioned is in freefall is lost more than fifty percent of its value since the start of the year Mercier, Matt crease own approval rating to taking a significant drop now is the time from the trade unions point of view to take action. They can take advantage of this and they are directly opposed to these type of reforms and what they are doing by taking industrial reaction, industrial action. They are making it much more difficult from rec- macrey to push through the type of reforms that in imminent agreement with the International Monetary Fund. Deems necessary that the market's deem necessary that international investors in necessary in that Murcia macrey deems necessary to get to get Argentina's economy back on track. Is there a simple way to explain how Argentina has got into this extraordinary state? And I feel like I should add the word again to that question right. Goes back some way and it's not all mercy macrey volt when he took power in twenty fifteen. He inherited something of a poisoned chalice from the previous Christina kitchen. The government that had ramped up state spending to record levels and had financed that with the printing of money on a massive scale as well. Creating a ballooning fiscal deficit, one of the world's highest inflation rates and many other ills which Mercier macrey government to con when it took power in twenty fifteen. Maria macrey has done what one might say the fed job at sorting out those ills. He's tried to unravel all of these unorthodoxies introduced by Christina Kitchener to try to reset Argentina's economy along author, adults business market oriented lines. It went very well for the first three years of his presidency. In the last three months. It's gone rather Pash eight, partly because some political errors himself would have economic consequences, but also changing global. Circumstances which have culminated in a passer in free full interest rates at sixty percent, which have their own impact on credits and loans for small businesses and the economy going into recession and with depot Serity on.
"international monetary fund" Discussed on Marketplace All-in-One
"Those trade tensions of sent global markets lower germany's dax index which includes big exporters is down one and a quarter percent twelve thousand six hundred fifty four italy's cost of borrowing has continued to go higher as concern mounts about the new government's spending plans now the international monetary fund has agreed to provide a fifty billion dollar loan facility to argentina the government hopes to restore investor confidence after a dramatic decline in the value of the currency the bbc's the're like reports this agreement is intended to by the government of meriva macrey time to implement a farreaching programme of economic reforms it sought the funding after the argentine currency the peso declined dramatically that threatened to push up inflation already running at more than twenty five percent to even higher levels the government is hoping that the emergency funding will help to restore investor confidence and ease pressure on the currency the imf has set conditions including a requirement for the central bank to be made independent meaning it could no longer from the government by printing money something that's contributed to previous economic crises however the decision to call on imf support has attracted fist criticism from mr mcrae's political opponents the imf is regarded with deep suspicion in argentina because of perceptions that its actions created the conditions for a highly damaging debt default in two thousand and one theo legged investors are being tempted back to zimbabwe who's the new government promises a more business friendly approach an australian firm has big plans to develop a new lithium mind in zimbabwe lithium is a key ingredient in batteries the bbc's vivian newness reports.
"international monetary fund" Discussed on No Agenda
"Country and help you win elections leyrer dozens if not scores of these socalled electoral experts lobbyist for higher washington they settled on a firm and they went and they set up and i was in moscow in 1990 six while the campaign began on show in which quite visible to me they set up shop in what was called the presidential hotel yeltsin hadn't paid pensions in russia in about three years old people were dying they weren't getting their pensions state employees were not being paid their wages this was been the end of any electoral candidate clinton arranged for i think it was i may have the number wrong a mirjan sheet fourbilliondollar low key yeltsin through uh the international monetary fund showed the clinton administration went all out and i know personally from his from from what i was told at least that there were at least two thirdparty candidates that would have taken votes from yeltsin and they were told by the americans if you don't get out of the race you have no future at all certain not with us and one dropped out one state in and sold its you have to get fifty one percent of the vote in the first round make it to the second a yeltsin neither yeltsin nor the communist leaders gone of god it so there was a second uh round and yeltsin warned all right so the first thing to be said is we were very proud of that the united states so proud the time magazine shortly after the election nineteen 96 put it on the cover of its magazine with the titles something light to the rescue.
"international monetary fund" Discussed on Business Daily
"For the venezuelan economy to recover well i think you have to reempower society with a capacity to produce things you know if you led the market mechanism more or less work if people want toilet paper there will be people willing tool produce toilet paper and sell it to them but if you prohibit people from buying the inputs to make toilet paper if you prohibit them from selling it at a price where they can recover their cost then your toilet paper becomes a dramatic thing and now you know the government honors loyal soldiers by giving them rolls of toilet paper because it has become such a special commodity number tool you need to restructure that venezuela is the most indebted countries in the world by a mile venezuela has the most expensive debt service as a share of exports than any other country in the world and it will need international financial assistance from say the international monetary fund so that you could dramatically increase the level of imports in the economy so that we'll have more raw materials and intermediate inputs with which to ramp up production so that there will be stuff for people to eat them to wear and to use how far does venezuela's socialism guy avi elites the people around madeira and his family are they also used to shortages of toilet paper and shortages of food well the facts are that the vice president was sanctioned by the us and in the process of sanctioning him they found five hundred million dollars to his name a banking con dora was found with four billion dollars of stolen money the sons of the first lady were found in monaco driving our gold plated ferrari so it's it deeply corrupt elite will is rated as the most corrupt country in the world how do you think this and how do you fail this ends.