35 Burst results for "Lira"
"lira" Discussed on The Breakdown with NLW
"The cause of all this on early saturday morning. Turkish president aragon unexpectedly fired nasi ball. though central. Bank governor who had been appointed in november at the center of their disagreement was how to approach inflation. So let's step back and actually look at the scenario inherited oddball. He was the third central bank governor in two years in november the year that he came to power the annual inflation rate was fourteen point zero three percent. According to the turkish statistical institute by december it was up to fourteen point six percent now these are just official numbers and some argue that it's actually much higher on november twelfth twenty. Twenty johns hopkins. Economists hanky tweeted day. I accurately measure inflation in turkey today. Measure it at thirty five point six one percent this year as opposed to the official number of eleven point eight nine percent after that fourteen point six percent number came out in december. He said that it was actually twenty. Five point eight five percent per year even holding that aside if you just take the official number nearly fifteen percent inflation a year a staggering that means a having of your purchasing power every year and this has been going on for a long time sue from three hours capital tweeted last night fun fact. The reason turkish lira is t. r. l. is because they've already redenominated before due to massive hyperinflation. Let's add a little more color than about the previous year and a half. The central bank had been keeping interest rates low or at least below consumer inflation. And as we've discussed before on this show. Negative real rates mean investors are discouraged from holding that sovereign debt as well as from holding lira or lira-denominated assets. These have been the policies for eighteen months or more and by fall. The currency was at all time. Lows added to. This fire was the way the turkish central bank had been trying to prop up the lira. Selling more than one hundred billion dollars in us foreign reserves in order to keep the lira from completely cratering in the process this destroyed and depleted their foreign exchange reserves and lead them to actually owing more dollars to turkish banks than the central bank actually had determined. Opposition leaders ask for judicial probe into the official reserves as of november. The country looked to be heading to a full on balance of payments crisis. And on top of this there have been major questions around. The independence of the central bank from president aragon frequently given the central bank direct monetary policy instructions had dismissed two governors in the previous sixteen months effectively. When we really take a step back. Turkey has been on this seesaw. Between currency crisis and inflation on the one hand and massive austerity and growth slowing interest rate hikes on the other a currency crisis twenty eighteen led to increase interest rates and by summer of the next year. Aragona points quote a friend to cut rates by mid-november when ball came in it was a swing back to the interest rate hikes austerity side of the pendulum. The first act of akbal as he came in was to immediately raise the central banks one week repo rate which is an interbank lending rate from ten point. Two five percent to fifteen percent now. Interestingly this had started to work things were looking more positive from currency perspective at least in early. Twenty twenty one. Daniel call tweeted this morning. The turkey central bank helped make lira one of the best currencies versus the us d- in twenty twenty one curbing money supply growth via rate hikes helping reduce inflation. The turkish lira was up three point zero seven percent from december thirty first twenty twenty two march nineteenth. Twenty twenty one. It had been down twenty percent the year before it also saw something like fourteen to twenty billion of foreign fund inflows into turkish assets over that same period which reversed years of the opposite direction. Basically the interest rate hikes austerity were performing well in the context of global currency markets. But ogbah clearly didn't believe inflation was getting under control to the degree that he wanted to. He raised rates again to seventeen percent and then finally on the thursday before his dismissal raise them much more than expected to full. Nineteen percent and so the pendulum is swinging back again from interest rate hikes and toward at least in the minds of investors runaway inflation. The newly appointed governor saheb cops. Yo glue said that beating. Inflation is the bank's main objective but also said that they're committed to lowering borrowing costs and bolstering growth. Money managers. basically think he's going to be forced to lower interest rates and accept currency depreciation and indeed the other place. This is showing up is in the cost of insuring. Turkey's government debt against default the price of which rose more than fifty percent over the weekend. What's more this move. And the switch. From ball to cops iaglu super reinforces the narrative that central banks lack independence from erdogan. As well cavusoglu is a party. Loyalist bloomberg chief emerging markets. Economists said quote the hit to the central bank's credibility and independence can't be overstated to gone has battered the institutions with interventions that have repeatedly financial markets. Were willing to give ball a chance. His successor will find it hard to build that trust again. So let's talk now about the other dimension to this that you might have caught if you were on twitter. Google searches for the term bitcoin in turkey more than quadrupled over the weekend after akbal sacking. Why is that happening while one part of it may be the idea that bitcoin provides in inflation hedge and just a different currency to get away from lira volatility which by the way all it using bitcoin to get away from volatility where they don't tell you when they're trying to critique bitcoin is that people can stomach more volatility if there's some possibility that those seventeen percents swings or also to the upside as well but the other part of it is that as i mentioned the new governor has said that they are committed to fighting inflation but doesn't want interest rates to be the tool because they messed with growth. What are there other tools then. Bing bing bing capital controls restricting the flows of capital out of lira and lira-denominated assets so one question might be alongside. Google searches is are we. Seeing an increase in exchange activity owner goes pack. A consultant at the bbc turk pro exchange said that there was a spike in volume and that it was four both usd t tether as an alternative to us dollars and bitcoin on btc turk the bitcoin turkish lira pair has the highest volume with the tether turkish lira pair being the second highest now. This situation is going to evolve a lot. And i think on the one hand you have to just heartbroken. For the turkish people who are stuck between the whims and machinations of politicians and global economic flows that they have no control over when it comes to how much this new set of crypto and digital assets can actually help them escape from those pains. I've said numerous times. One of them remarkable things about this moment isn't that bitcoin and digital assets are going to save everyone from the follies of local currency regimes. That's just not realistic yet. What's remarkable is that for the first time ever the entire span of human history. There is a convenient commission. 'less offramp from those regimes for those people. Who have the technical know how to do it. The number of people who have that know how is an ever expanding group and that means that bitcoin and digital assets at an x factor to every single currency crisis. From here on out. You know. I'm going to continue to watch this turkish situation extremely closely and i hope you'll hang out with me as we do until tomorrow guys be safe and take care of each other piece..
When Currencies Fail: Bitcoin Google Searches in Turkey Rise 400% as Lira Crashes
"Let's move to our main discussion and there are really two parts of the story that we're going to cover. The first is the devastating crash of the turkish lira. The second is the response of people in that country who found their money worth dramatically less than it was just a few days before first of all what happened between sunday evening and monday. The turkish lira fell as much as seventeen percent against the dollar ultimately landing around ten percent down. Turkish stocks also crashed the benchmark borsa. Istanbul one hundred stock index was down as much as nine point four percent which is the biggest sell-off since june. Two thousand thirteen. The nasdaq listed shares. Msci turkey efl seventeen point five percent pre market in the us. The cause of all this on early saturday morning. Turkish president aragon unexpectedly fired nasi ball. though central. Bank governor who had been appointed in november at the center of their disagreement was how to approach inflation. So let's step back and actually look at the scenario inherited oddball. He was the third central bank governor in two years in november the year that he came to power the annual inflation rate was fourteen point zero three percent. According to the turkish statistical institute by december it was up to fourteen point six percent now these are just official numbers and some argue that it's actually much higher on november twelfth twenty. Twenty johns hopkins. Economists hanky tweeted everyday. I accurately measure inflation in turkey today. Measure it at thirty five point six one percent this year as opposed to the official number of eleven point eight nine percent after that fourteen point six percent number came out in december. He said that it was actually twenty. Five point eight five percent per year even holding that aside if you just take the official number nearly fifteen percent inflation a year a staggering that means a having of your purchasing power every year and this has been going on for a long time sue from three hours capital tweeted last night fun fact. The reason turkish lira is t. r. l. is because they've already redenominated before due to massive hyperinflation. Let's add a little more color than about the previous year and a half. The central bank had been keeping interest rates low or at least below consumer inflation. And as we've discussed before on this show. Negative real rates mean investors are discouraged from holding that sovereign debt as well as from holding lira or lira-denominated assets. These have been the policies for eighteen months or more and by fall. The currency was at all time. Lows added to. This fire was the way the turkish central bank had been trying to prop up the lira. Selling more than one hundred billion dollars in us foreign reserves in order to keep the lira from completely cratering in the process this destroyed and depleted their foreign exchange reserves and lead them to actually owing more dollars to turkish banks than the central bank actually had determined. Opposition leaders ask for judicial probe into the official reserves as of november. The country looked to be heading to a full on balance of payments crisis. And on top of this there have been major questions around the independence of the central bank from president. Aragon aragon infrequently given the central bank direct monetary policy instructions had dismissed two governors in the previous sixteen months effectively. When we really take a step back. Turkey has been on the see-saw between currency crisis and inflation. On the one hand and massive austerity and growth slowing interest rate hikes. On the other a currency crisis twenty eighteen led to increase interest rates. And by summer of the next year aragona points quote a friend to cut rates by mid-november when oddball came in it was a swing back to the interest rate hikes austerity side of the pendulum. The first act of akbal as he came in was to immediately raise the central banks one week repo rate which is an interbank lending rate from ten point. Two five percent to fifteen percent now. Interestingly this had started to work things were looking more positive from currency perspective at least in early. Twenty twenty one. Daniel call tweeted this morning. The turkey central bank helped make lira one of the best currencies versus the us d- in twenty twenty one curbing money supply growth via rate hikes helping reduce inflation. The turkish lira was up three point zero seven percent from december thirty first twenty twenty two march nineteenth. Twenty twenty one. It had been down twenty percent the year before it also saw something like fourteen to twenty billion of foreign fund inflows into turkish assets over that same period which reversed years of the opposite direction. Basically the interest rate hikes austerity were performing well in the context of global currency markets. But ogbah clearly didn't believe inflation was getting under control to the degree that he wanted to. He raised rates again to seventeen percent and then finally on the thursday before his dismissal raise them much more than expected to full. Nineteen percent and so the pendulum is swinging back again from interest rate hikes and toward at least in the minds of investors runaway inflation. The newly appointed governor saheb cops. Yo glue said that beating. Inflation is the bank's main objective but also said that they're committed to lowering borrowing costs and bolstering growth. Money managers. basically think he's going to be forced to lower interest rates and accept currency depreciation and indeed the other place. This is showing up is in the cost of insuring. Turkey's government debt against default the price of which rose more than fifty percent over the weekend. What's more this move. And the switch. From ball to cops iaglu super reinforces the narrative that central banks lack independence from erdogan. As well casio glue is a party. Loyalist bloomberg's chief emerging markets. Economists said quote the hit to the central bank's credibility and independence can't be overstated to gone has battered the institutions with interventions that have repeatedly financial markets. Were willing to give ball a chance. His successor will find it hard to build that trust again. So let's talk now about the other dimension to this that you might have caught if you were on twitter. Google searches for the term bitcoin in turkey more than quadrupled over the weekend after akbal sacking wise. That happening while one part of it may be the idea that bitcoin provides in inflation hedge and just a different currency to get away from lira volatility. Which by the way all it using bitcoin to get away from volatility where they don't tell you when they're trying to critique bitcoin is that people can stomach more volatility if there's some possibility that those seventeen percents swings or also to the upside as well but the other part of it is that as i mentioned the new governor has said that they are committed to fighting inflation but doesn't want interest rates to be the tool because they messed with growth. What are there other tools then. Bing bing bing capital controls restricting the flows of capital out of lira and lira-denominated assets so one question might be alongside. Google searches is are we. Seeing an increase in exchange activity owner goes pack. A consultant at the bbc turk pro exchange said that there was a spike in volume and that it was four both usd t tether as an alternative to us dollars and bitcoin on btc turk the bitcoin turkish lira pair has the highest volume with the tether turkish lira pair being the second highest now. This situation is going to evolve a lot. And i think on the one hand you have to just heartbroken. For the turkish people who are stuck between the whims and machinations of politicians and global economic flows that they have no control over when it comes to how much this new set of crypto and digital assets can actually help them escape from those pains. I've said numerous times. One of them remarkable things about this moment isn't that bitcoin and digital assets are going to save everyone from the follies of local currency regimes. That's just not realistic yet. What's remarkable is that for the first time ever the entire span of human history. There is a convenient easy permission. 'less ramp from those regimes for those people. Who have the technical know how to do it. The number of people who have that know how is an ever expanding group and that means that bitcoin and digital assets at an x factor to every single currency crisis. From here on
"lira" Discussed on CoinDesk Podcast Network
"What's going on guys. It is monday march twenty second and today we're discussing when currencies fail bitcoin. Google searches in turkey. Quadruple as the lira. Crashes i up however let's do. The brief is backing. Down from their crypto ben. The central bank of nigeria has issued a clarifying statement. A couple of weeks ago. They came out with a statement. Basically saying hey. Guys look crypto currencies have been banned for the last three years banks. You have to stop servicing. The people with crypto accounts this clarifying statement however said that they had never in fact ban cryptos and indeed had never even discouraged people from trading them instead quote what we have just done was to prohibit transactions on crypto currencies in the banking sector. So they're trying to say that this was specifically about a replacement i think for the naira in financial transactions. That's what they had prohibited this. Nigeria situation has been really interesting to watch as many in parliament reacted. Not positively to the cbsn's new ban or new band talk but instead called for them to come and testify before parliament at issue. Was the number of nigerian youth. Who seek crypto as a means to economic opportunity and this could be an example of the force of youth in particular for driving policy shifts or at least as it seems reinterpretations. Speaking of policy. Are we in the least responsible fiscal policy in forty years. That's what larry summers had to say about. The biden administration stimulus and really everything else going on economically right. Now larry summers is a former treasury secretary. Former dean of harvard and he pointed at both dem's and republicans as at fault quote it's fundamentally driven by intransigence on the democratic left and intransigence in the completely irresponsible behavior in the whole of the republican party. He said there is a one in three chance that inflation will accelerate. He also said that. There's a one in three chance that the fed would hit the brakes. push the economy to a recession. His final one in three possibility. Is that the fed and treasury will get the rapid growth. They're looking for without inflation. Now even if you agree with him summers is a in the words of one former professor of mine. One of the world's galactic douches and be super salty that he was looked over for any administration role however he has the relationships and reputation to get on tv whenever he wants to because mainstream financial media so there is a big grain of salt here third scaramucci and the fifth live bitcoin etf application. I trust advisors and skybridge capital which is the hedge fund run by former white house calms director and recent bitcoin booster. Anthony scaramucci aka. The mooch has filed a bitcoin. Etf proposal this follows wisdom tree. Neither vow korean van and van is currently in. Its forty five day open review period in an interview last week. Scaramucci said the increase in the money supply was a quote silent tax on savers. He also said that companies are going to have to look at assets like bitcoin for their treasury. Quote a responsible. Cfo or responsible treasurer will have to think about other assets to hold as a potential store value for their companies. He also said that. Bitcoin has the potential to quote. Start to standardize money again and that will be better for the working. Poor in the middle class skybridge now holds more than six hundred million dollars in bitcoin and interestingly scaramucci said he's also looking at defy in the future so stay.
Turkey’s Lira Plunges After Third Central Bank Chief Sacked
"Now to what's going on in Turkey. The lira absolutely tumbling after what the eighth 10th 45th central banker dismissed by Erdogan. I believe he was the third in the past two years to be kicked out after having tightening policies to try to shore up credibility. In the Turkish currency. Evidently, it was not what Erdogan wanted and he was ousted. Damian SAS are joining us now, Damien. What's your sense of whether this will get remedied in some way from the political operatives around President Erdogan? Because right now? You got a currency problem? Yeah, well, I'm not in the wheelhouse of President Erdogan and new Central Bank cover Cappuccio Glue seems to be a critic of the rate hikes. I mean, he came from the crew of government newspaper Yeni Safak. So you know, he seems to be just another pawn. He seems to be cut of the same cloth as Morocco Whistle who was the central bank governor before? Most recent sacking of Nazi oddball somebody who basically thought that cutting rates was a good thing to do in the face of rising inflation. And this is really what we're talking about here, ELISA. The inflation impulse in emerging markets is far stronger than anyone's even realizing certainly more than we're seeing here in developed markets. And so look. I mean, you've got Turkish locals who have moved their money off short into dollars into gold. And then I'll bring you back on shore anytime soon. And that's a real risk. Alright, Gaming. So for the smart Institution. Investors that you speak with Damian is Turkey. To what extent is that even investable? That's a great point. It's not. It's not as investable is that once was certainly and you know, it's probably only 1% of Ah e m local currency debt allocation. If that, certainly on the equity side, I think there's a little bit more there. But you know, you see the horses stumbled down 10% today. I think the currencies off now about 8 8.5%. It was down. You know as much as 10% earlier on, so it seems to be snapping back. I think the real risk in the real question is What does this mean for the broader, um, complex or we're going to see contagion into places like Egypt, the Nigerian South African Right now, we're really not seeing that Paul. I mean, CBS five years spreads are double that of South Africa. South Africa's Haven't really moved in lockstep with the same goes for Nigerian Egypt in some of the other high flyers, So you know, right now things seem to be relatively well contains, but the verdict is still out for sure.
Limited indoor dining returns to Chicago bars, restaurants; city under Tier 1
"The the suburbs, suburbs, Roll Roll out out the the welcome welcome mat mat for for the the return return of of limited limited indoor indoor dining. dining. WGN's WGN's Rob Rob Sneed Sneed has has more. more. We We ate ate out out a a lot lot in in 38 38 degree degree weather. weather. You won't find frost anywhere near these ladies. They're sitting at a warm table by candlelight. Indoor dining in Chicago in suburban Cook County is back open. Ruth Lyons and her friend Renee Dalton, wasted no time being one of today's first dining customers at the Lira and Lincoln Square, Grateful to be back and energizing the economy again, especially locally, and this needs to keep going. How long this will last will depend on many variables, but one of which is how well restaurant and bar owners Have followed these new restrictions. That's W GM TV's Rob's need, with Chicago entering Tier one, meaning restaurants can reopen it limited indoor dining and also mean Chicago's museums are cleared open. Field museum was open to visitors on Saturday after being close since November, Attendance was limited to 25% capacity. They also needed reservations, and they instituted other safety precautions. Art institute will be open on February 11th and the Shedd Aquarium will reopen two members only on Wednesday and then to the general public. On next Saturday. Tribal casino in
The Dylan catalog, a 60-year rock 'n' roll odyssey, is sold
"I got a question for you. Are you doing fan. Bob dylan fan. I'm okay with them. But i'm not a hardcore you bet. If you're if you don't like dylan you better get ready. Because you're going to hear a lot more dylan. I'm telling you why. After i tell you about shed concrete this homeowners and builders out there you know what i'm gonna tell you. My brother-in-law greg at the folks that shake crete they have a huge selection of pre cast concrete steps. You got to check this out. There's a tv commercial. Would meet in it and you get to see all the great steps that they have to offer but you can do that on the website you can stop by and see whether you're building a new home where you need to replace an old staircase. Shay has great vibes with designs for any home. They're veiling concrete. You can customize your steps with beautiful stone granite or brick. New staircase can dramatically upgrade the front entrance of your home. Maybe that's tom brady. Inches el ni. They can't seem to unload. There's little bungalow thirty three million dollar home. Maybe they have to upgrade the steps. That's how you do it. Most cases can remove your old stairs and heavy walking a new set of front steps within hours. And just like that. Your host looks better houses worth more and maybe trying to sell it. Maybe it helps you sell it. It's new steps they can. They can really help you move that old home and make it look better and so quicker you can learn more about chase pre cast concrete steps steps at a concrete dot com to stop by one of their four state of the ad for scillies. All over new england. I bob dylan. And i love these stories because this this is what the taylor swift it. Which means that they will wake up and actually have some interest in this topic. Talking about my girl taylor. Swift sold her music catalog to what's his name scooter braun. Oh yeah and then complains. After bob dylan sold his music library for three hundred million dollars. That's right And by the way He sold is popularly. Seventy eight which is another one of those amazing miracles. The bob dylan still around still kicking. Well did you hear what he said about this jerry region. But here's what's going to happen you me. We'll be watching You know football game. We're watching wednesday night football thursday night football tuesday night. Football game mini mini games That around these days and there's gonna be a commercial for flow or he'll be commercial for you name it Gimme gimme some tv for apple apple. Lot of apple commercials. That's a good one apple amazon target. And it'll be Some of my friend is blowing in the wind blowing in the wind or something blue. What's blue some blue jet blue. And they'll be tangled up in blue. You'll go what bob dylan. His stuff is going to be of vera readily available companies to put in tv commercials. Because bob dylan sold out. It's bob dylan's if you don't like it if you think you know that he's Not that kind of guy that he wouldn't ever seventy-nine by the way he sold out. He took the money. God bless him his family's gonna why he needs the money but his family is going to be fabulously wealthy for generations but companies like target nap bullen and whatever flow what is flow sell insurance. Press gress yes i defense. They're going to be able to play. Dylan's pay whatever the going rate is and they could play it and you'll hear it all over the place just like you here. You know the rolling stones in some cases or taylor swift and other artists who was amazing. When i read the story it was about some of the other artists of fleetwood. Mac sold theirs for like. I get the number here here. It is eighty million dollars they sold. It wasn't even the whole catalog eighty million dollars. Fleetwood mac and dillon skate. Like columbine could probably name more wallflower songs and he can bog way. Bob dole i. It's right over my head. I have no idea i look. I'm surprised he got three hundred million. Based on the fact that that ship has sailed a long time ago dylan receives a lump sum between two hundred and four hundred I'm not sure what the what. The stevie nicks sold their publishing catalog for eighty million dollars. The dylan portfolio six hundred songs while other bands who have sold their catalogs sold. You know taking the money. Blondie barry manilow and the estates of john lennon and kurt cobaine. I believe john lennon the beatles. Paul mccartney bought them for like a ridiculous amount of money Like eight hundred million. Paul mccartney owns well. Didn't jackson by michael jackson and then mccray jackson and a falling out story there. But there's only one to look up jerry. Three hundred million eighty million two hundred to four hundred million. What did what did brian. Wilson's father sell the beach boys catalogue for another against the wishes without the kids. Even knowing and i think he sold it for like seventy dollars and a coke or something new never spoke to his father again obviously but if the beach boys is the one you would want because of the catchy jingles. Yeah that's true point and that the father sold it for nothing. He had no idea what he had. And what the value of wasn't a guy goes. Hey i'm gonna dig deep here. I'll give you five hundred dollars. Whereas i sold and brian wilson was never the same after it happened. It's a good point. But i think dylan's got a lot of those you know catch even though they you know might be whatever. The revolutionary songs at times they are a change in blowing in the wind and songs like that which will which will fit nicely in commercials. And we'll be sick of them all with and i'm sure he had control over it and limited the exposure but i guarantee you. He sold the rights to some two songs to some commercials. I assume right Yeah i guess. So i mean i don't blame me if you're gonna die soon and you wanna take care of you. Offspring kids grandkids. You say. What the hell. What do i care if not be capitalizing on all the different changes that are going on in the music industry. I bet it's like a five person team that he has controlling the catalog right. Like it's a he. He owns time. Bob no one said a need the money for anything the the couple couple of years ago. Long before covid were dylan on went on tour and performed at three hundred nights in a year three hundred nights in one year deal and he was like seventy five and i don't know anyone that went to see him. He wasn't playing the big rooms anymore but he's just addicted to performing and singing his songs and i must have just an insane amount of money already. I mean just. But it's like what bob cousy sold all his Collectibles always memorabilia. He said what do i need it for. This is going to pay for my grandkids education. And can you blame him for that. I wouldn't. I'm a big lira. Guy when it comes to rock and roll. If you consider dylan rock and roll and dylan for what i again. He's not my bag particularly. I don't have any bob dylan on my phone. But his his lyrics. If back on my i always think that you know if you get ten best lyrics of all time. You don't need a whether they know which way the wind blows is one of the great lines right and i'm with you. I'm a lear. Emma word man to and i love you know singing along to whatever tangled up in blue and he. He won the nobel prize for whatever writing. Poetry didn't show up for the award. You know. I believe. I believe greta thune. Berg was second so she'd go toward for him but no he won the nobel prize. I think he blew the market and show up to get the thing and these the only singer or songwriter to win to win it
Turkish lira soars after exit of finance minister and central bank governor
"The other massive news over the weekend was out of Turkey. The lira on seeing a couple of big upheaval, so one following the central bank governor, the finance minister stepping down it is, of course, the worst performing FX emergency is so emerging market currencies this year. So terms of the lire Right now. The Turkish lira on the spot price trading a sport three nights a week. 2/10 of
Milt Shirleson shares his Navajo experience
"My name is Milton Shirl Susan. And I'm from Tallahassee and my plan is A. SICARDI. Shegal. Senate Bill Pushes Gene August she does she Changed cavendish another. Without an inch. Two hundred. Yards. Lee. As my early remember one back. Grew up in. Church route. And that the standing rock when nudges located? A see these people walking around on my. Father's side of family. Lira. Found out that they were lot of alcohol. Substance, abuse their family. went on mom try to find a place where that She could raise two boys. Myself and my little baby brother. She didn't have very much. So we travel a lot dismissed community. One day that you know that we just couldn't find. Mom couldn't find. A, city job stability. She took us back to GRANDPA that he remarried. In a way you have a family over by Triska scream out by the. Way Back over there. And the parents of the minute, step? Grandma guess. There were there they have lifestyle. And that the from day one begin to hurt sheet. and. They kind of adopted me as a grandson. Of course, just a kid just came on scene and. To Care Life Stop Sheep and goats. They're on, went to a boarding school. Then after boarding school was out. To. Elementary. Down to up to a high school. which. I. Went Down to Phoenix the first time I went to a big city. Lot of native Americans and a lot of different nationality or different tribes. There were going to school there. Were finished high school. From there that I went to a special training done Dallas Texas. From their. Energy. Military service spent several years there. Then, it came back and. I was already begun to use alcohol quite a bit. Anton went on new just increase and later on. A came to the level. Rodeo. and not necessarily as a was sober mind minded with a lot of my friends and drinking pardons. And Smith Show years in there. I'm a lot of friends. Alone. They're lying on those years I met my wife. As I've been raised in a very traditional family to teachings grown to be medicine man, and also later on the new moon was Yoda. American church hours or Dane and that movement. My wife was pretty much on the other side of it where traditional ways. Yes. But the same way to that was raised by her immediate family in the sense in our sisters was mom and dad was pretty much using a lot of substance abuse. So she kind of was raised in a very independent. She didn't. She doesn't really know about the traditional ways of teaching, but I was groomed pretty much into that. So when he came together. Through a dangerous Rodeo this how That we came together. But we got to know each other and she stuck around. I. Soda Job Medifast I would say that was given the job. A job that with a big corporation IBM. Then spent twenty years with the company. But one thing that I want to stress his about my mom, my relationship with my father. When I was a kid that you know, Lilla one that Probably about four five years old. Every time when he comes home, he always comes home drunk. He always said my number one son. He would play with me. Always being rough with me to be a man. And always makes me cry. A remember that. Whenever he comes home and on close to home it. Oh, my aunties Manco used to hide me different hiding places. And by the time when I was about probably about four or five years old. My Dad chose alcohol over. Over my brother. Ni- he left us a never came back. All, these years growing up. Just kinda strange. As. I said, know went to a new family GRANDPA family and what to boarding school. And that the. Holidays. Kiss been picked fathers or their. Grandmother grandparents. And there was nobody. A see that water school for about nine months. Nobody will come pick me up. And that the grandparents raised me The very, very, very strict. There was hardly any love was mention. Saw Yearn for that. For that word that relationship never had that. And finally that I want to run away. With treated very harsh. When a runaway but to. I known anybody besides my mother there and that the this new family. So I was lucky prisoner, you might say this family here. For Years Pass. I find. Realize that you know they really know how to express. Love. Verbally in their actions. What of my life of unrealized. Love Me. BELIEVE THAT'S A. Beginnings since I was a kid that. Never. Felt that love. So one with with a body will come up to me son grandson. Really hold me. Never had that experience on Lonzo? There's all this. ANGER BUILD UP What's wrong with me am I Look. In like stupid innocence or not good looking or wherever it is nobody went close to me. Just thinking back on how many other native youth had go through this. Relationship Among the native brothers and sisters, my family's. been. Express. Openly. Son Daughter. Grandkids. We love you so much.
A Mother & Her Newborn Separated by COVID-19
"I scare. It's so great to talk to you after all this hard work on your film. It's it's it's really good to be here. So thank you so much for having me. Yeah, I. Mean, we're so we're so excited. I know this is your first frontline. So congratulations on making over the finish line with us together. It feels really good I to be honest I'm also a view or an an a big fan. So it's It's a real pleasure to be working with. Such a talented group of people. Thank you. So I I was hoping you could set the scene a little bit for us. This is an immigrant family from Guatemala and the Mother Zoo League. Is close to giving birth to her second child when she's hospitalized with the virus. So what happens next? So it's it's April first and was eight months pregnant and Kobe positive tool doctors determined that he had to be intimated to perform an emergency c section. Baby Mazel was born on April second baby was Kovic negative. The real problem here was that his father Marvin and his seven-year-old brother junior were also covid positive. So there was no way he could go back to that that that environment that was a real problem school. Before it being intimidated solution was able to. Ms. Luciana. Lira Luciana Lira is juniors. Schoolteacher and she said, help my son help my husband and my baby. Massad listen, Marvin I am willing to help one hundred percent I really do not know this family. Zilly just came to the United. States. I think a year ago and Marvin has been here for six years and junior is my bilingual student. And that's how I met them. When we were able to test marketing engineer, they were both Cova nine hundred positive. This baby would've not stand a chance if he went home with his father with Covid nineteen and junior. His, just a preemie baby. I think that that tells you so much about Miss Lewis character and and her her personality for you to receive a phone call like that I really need to take care of my son, my husband and my baby and she did I mean, can you imagine you received the phone call? She thought that it was a joke that that it was a prank I. Mean. What's amazing is actually that was the first footage of your documentary that we saw the really truly remarkable scene with MISL- era and the baby, and you know she's holding the baby and she's telling you this incredible story about why she took all of this on. To be honest I I'm living. Sure how? I was able to get that that access because she was not letting anyone in her house and she told me, Hey, not even my sister is allowed to be in here. And I'm like well, I'm going to try to be. Is Just GonNa be me I'm going to have a camera. Ms Lira trust me I'm going to try to be you know as cautious as I can be. I think just important that you share that story and I think she wanted to share this story otherwise wouldn't have been possible at all. I went to the hospital with Marvin. Wasn't easy because you know he saw his son for the first time. You couldn't even go him. To. US. And it really broke my heart. After going through such a big trauma not even knowing if your wife was gonna make it, do Pakatani communicated to be. A month of. On the Nights at the baby home. Right, maybe. It was amazing seeing those those early scenes that you had filmed. You know obviously, you guys didn't know how this was gonNA turn out and I remember talking to you sometime before mother's Day and you were telling us that maybe Suli we'd get her baby back. I mean you certainly didn't think it was going to go on for as long as it did was actually five and a half weeks. So tell me about the emotional journey that Suli and Marvin her husband were on you know I think that The story was so unexpected and it had so many twists that I think nobody was expecting it Ms Lear thought that she was going to keep the baby for maybe two or three days. It was very emotional to witness the lives of and Marvin all of them were were positive at that time and the pediatrician said if the baby is going to go back home. Everyone in that house need to test negative, otherwise, it can happen. So you can imagine that the minutes felt like ours you know in the our failed like days to them it was really difficult for for for Suli it was very, very difficult for her because she was going through a lot. You know she said that she had night Mertz pretty much every single night and that she she was not able to get any risk at all You know it's not easy. Imagine that that she said, I didn't have a chance to look at my son you know in I just have A. Faded picture of him and that the only thing I know they do a lot of video conferences. So to say, watts up, that was their main way of communication and missle era. You know she was sending videos every day calling them. You know just to make sure that that bond was was still there you know kind of like a virtual bond. That moment, but it's the law of mom. There was a very powerful connection and you can see it when you see in the scene when they when when she's holding the baby for the first time, I mean, it's just an electrifying moment.
Going old Turkey: a regional power spreads
"A decade ago, Turkey's Foreign Minister Audit of Attalou used to boast his country was on good terms with everyone police fantasia want. less confrontation, less tense attitude. Especially, in the region, he spoke at the Council on foreign, relations with the will of the principal. In. Two thousand three. Zero problems with our neighbors. And the made a huge progress. All, that now seems a distant memory Turkey is growing its international influence and not always with a light touch. The country has been backing Libya's government in its civil war. Last month. The Turkish Defence Minister landed in Libya to inspect his troops and opposition warlord warned them to get out or else. Turkey prompted an angry statement from Egypt last week by allegedly planning gas exploration and Egyptian waters. And yesterday Turkish officials railed against an American company for its dealings with ethnic Kurds in neighboring Syria. That Turkey believes to be terrorists. To some, all this adventurism is reminiscent of past chapter of the country's history when the Ottoman Empire ruled all of Syria and far beyond. Turkey, has been playing an especially prominent role in Syria since protests spread into a full blown civil war. Turkey has really become a meshed in Syria since the start of the our spring, the uprisings that took place in two thousand eleven across the Middle East it back. The Islamist. Movements that initially took to the streets and then took up arms. Nicholas Pelham is our Middle East correspondent. But as those fighters were false back towards its border, it's really stepped into try and protect its southern border, stop any more refugees coming into the country and to provide some sort of safe zone for the proteges, and it's also very nervous about the current state law that emotion the northeast of the country. It feels very threatened by the emergence of Kurdish power on the southern borders, and is it reasonable for Turkey to think that those Kurdish forces are really a threat historic? The have been links between the PK, the cuts down Workers Party, which has been waging a thirty five year a war for. Autonomy and separatism inside Turkey. Many of those fighters did flee sought refuge in Iraq and in Syria, and so Turkey is worried about what it sees very much kind of PKK influenced state emerging on its southern borders. So this year it's been launching pretty heavy attacks inside Iraq, it's been sending tanks across the border. It's established positions inside northern Iraq. It's been carrying out drone bombardments, such two hundred kilometers from its border in Saint, John More, Kurds all the way along its southern border inside Syria inside. Iraq see a new Turkish assault, which is pushing deep into their territory and not just unsettling. Kurdish aspirations for sovereignty in Iraq and Syria, and this is also unnerving Arab leaders as well. Who Turkey pushing deep into territory, which was part of the Turkish Republic predecessor. The Ottoman Empire, which ruled the Middle East centuries until its dissolution about a century ago, which is to say that Turkey is expanding its influence is doing this adventurism beyond Iraq and Syria all over the Middle East of the moment. There's a this year has seen the new intervention of the Turkish, Army. Libya. They came to the rescue of the besieged government of National Accord. In Tripoli, which has been fighting a civil war against a renegade general. Khalifa. After Turkish forces established at base on the borders of Tunisia, we're seeing it's frigates make a bid for control of looking coastline and even ward off French frigates. We're really seeing a substantive increase in Turkish. Power across the Middle East and it's not just happening in Liberia. It's happening in Gaza, which is an ally of Turkey. Turkish forces there have tried to help. Cut Break Its blockade by Saudi Arabia they're. A. Few hundred to a few thousand Turkish forces that are they're wasting more Turkish interested in Yemen civil war. We're seeing interest in a Sudanese port and actually Turkey's largest overseas basis in the point of Africa. So really this is a massive increase in Turkey spread across the middle, East and do you believe that the the the Ottoman history plays into that as a return to former glories? In some way? It's very much the in the rhetoric certainly saw Mr. Osman tropes at the at the height of the Arab spring wanted to appear to be the leader of the Muslim world. He was promoting his version of governance across the region hoping to clone the Turkish model across the Middle East. But since the collapse of Islamist movement since its as from power in Egypt and the retreat of many of its forces, he's really kind of played much more on Turkey's national interests. He's ally domestically with what had been his nationals opposition. He seems to be much more concerned on trying to maximize Turkey's economic claims in the. The Mediterranean this since much more about promoting Turkey's national interests than flying it systems colors. This is really an exercise in in hard power and trying to exploit the weakness of others, the retreat of Europe and America from the Middle East. The policies of many Arab governments, and try and push Turkey to fill what seems to be a vacuum of power across the Middle East, and so is that push to serve Turkey's national interests working is, is it benefiting from this from this expansionism? If you're trying to put together a balance sheet of profit balance sheet? Sheet Turkey has benefited from Khatri investment cutters, loans, and investments have helped prop up the Turkish lira. It may be that country's also hoping to fund part of its military costs in Libya Turkeys, keen to promote its companies when it comes to eventual reconstruction of war-torn Libya, which after all is energy rich state, and so long term, there may be benefits, his critics home highlight, the cost it's estimated that Turkish operations in Syria have cost anything up to about thirty billion dollars, and of course, there is a threat that you're going to see a major escalation. Escalation in the Middle East, which could embroil Turkey. It's not just Turkey is entering the middle, East enforce. It's also Russia. Many Arab states are trying to gain Russian support to push back Turkey, not just Syria Egypt the United Arab Emirates looking to Russian support in Libya, and Egypt is sending its tanks to the Libyan borders. The UN warned that the risk of a of a regional war focused on Libya and beyond that that risk was huge. So this is a massive gamble and it looks as if the stakes are going to be increasingly hyphen
Bob Weir of the Grateful Dead
"The right songs all the time. What's your process life stuff going stuff going on in my head? All the time Right now I'm I'm kind of writing all the time. Yeah it comes out very very slowly slower than slug in a trance but But keep at it. Yeah in the past. You worked a lot with lyricist and I understand. He passed away. Is that How do you fill that gap? Or How do you magic working going forward? We'll have always you know always working with John Birla liras host but I always road like half of alerts or usually wrote half alert as and would you have come first. And he would finish them. Generally speaking yeah Generally speaking I would come up with whatever it was that Mary that lyric to that music understood and and you'd have already the framework Melania. Leave yeah the phrasing. Yeah or you know some big notion of that yes would would. How often would a song change from the initial spirit? When writing it does not alone. Sometimes you get way different and a song as a I'm gonNA. I'M GONNA die right in here as long as a life form. It's a you know an alien life form It's organic Actually had a dream A few weeks back while Jerry came to me in the dream and Introduced a song in this song came in and it was like it was kind of it looked kind of like a great big. Rec Room sized ethereal sheepdog and it was big and friendly and came up and stiff me and I did a little bit. Came back at me and it was. It was interactive and and and then we you know then we started playing and singing the song that we we were in it. We were in the song part of it. We were part of that functioning organism tests and the dream. Sort trailed off into whatever into wherever dreams go but That just confirmed my sis. My my notion that held for the longest time that they're a song as a life form in a coming visits us and a income through certain people for whatever reasons are S and it or whatever attractions are and when it's time for it to come it's GonNa come through. You're through someone else. Yeah coming coming to this world and has come into sniff around in visit and And and hang yes and you know those goose characters in those songs you know they come in they tell their stories and and they're they're you know they they just WanNa be heard. It's beautiful just beautiful too when you woke up. Did you remember the song Not Very well. It was a jazz ballad We were singing. We were doing a duet on it when you don't hear many of those Dalit But in this particular case you know jazz ballad do do songs often come to you in in dreams. A lot of MUIRA. That's great the good ones. Yeah what a Gift I. Sometimes I'll have someone come into dream. It's hard for me to to keep them. You know it's hard for them to hang around right. Yeah you gotta get right on and what. I've what I've found is I've sort of made a deal with my little deal with my muse. Yes were you know no matter what time of day no matter what? I'm getting up I'M GONNA. I'm GonNa you know I'm going to PICK UP MY GUITAR. I'M GONNA I'M GONNA get enough of it down so that You know otherwise. Refrigerator taught visiting. Yeah and with the way you'd get it down to record something or might it meteorite. Saw generally a phone makes it real easy these days? Yeah so you'll sing it into the phone. Yeah singing and playing into your own. How did how would set lists work in in the band? Well that's interesting though the way. The dead the grateful dead used to do it is Janna would be his to start or my turn to start and take turns back and forth. We'd take aways yeah and then While we figure out the first couple of tunes that we were GonNa do maybe I three and then would generally come up with what we're GONNA wrap the setup with says right here on paper and then Then while Jerry was singing I had all the time on earth to figure out what I wanted to do next and often as not. I'd try to coax that tune out of the when we were planning when when it was done to route that went up and then he'd be doing the same thing when I was in. And would they always come or did you? Did you have a list of things to draw from you? Just always have him enough looking around or the end I you know toward the end. It was handy to have a list. Because you're the repetoire pretty expansive and and we try to stay up on all the tunes that we've brought around so we have you know the way we did things we you know. We never got around to tune. Maybe once a week. Yes how we'd cover songs work their way into the set Sometimes they just came up. You know under a signature liquor or something like that would Oh we're planning that okay. Here goes nothing. I know that there's some covers that would work their way into work their way around often in over a long period of time. Are there any that that just didn't work? Plenty plenty of weed trial ones. Who Ethic went. We tried to Pig Pen tried zing. And this is a man's world yeah I think we actually did that twice just to make sure that we it was. That bad is in theory. That sounds like that could have been good. Yeah Yeah you know we have no control over those never till you never tell how different were the members of the band. Would you say from each other like music? Wise taste-wise well. We had pig pen. Who was very very funky. He was all about blues and not much else. And then we had phil who was Into classically classically trained and And and Sort of sort of moonlighted in the Jazz World Mickey was a Marshal Drummer. He played martial. Music was a national champion rudimentary. Snare drummer he played one of those big field drums in Hindi while marching billy's I finally figured out who billy's a major influence was and he never he. I pointed it out to him. Any E allowed as I was spot on Was There was a certain era of Ray Charles that that drummer. Yeah I am. Billy Billy captured that lilt and. I don't think he I don't think he even knew he did it. I don't he. He was thinking. Consciously doing a consciously attempting to do that. It just happened and then jury was. Jerry was all over the place you loved Hilo. But he's I think is deepest. Love was probably a string band music country Buick
Turkey central bank faces key rates decision after lira weakness
"What interest rate decision that day and Turkey and economists are pretty undecided about what the central bank is going to do now nineteen out of twenty seven economists polled by Bloomberg do believe we're going to get a cut of some sort but they're not they're not in agreement on exactly what that's gonna be is gonna be twenty five basis points seventy five basis points those all in the cards there we are also seeing some names line up on the side of hold Morgan Stanley Barclays HSBC economists not so sure we see any movement at all now if you go with me into our GTV go we'll see what we've seen over the past year which is the twelve point seven five point four percentage points of interest rate cuts that then the blue there we've seen that the stock market's rise we've seen manufacturing expand but we've also seen inflation at tech higher in the white there are so will this easing program continue present everyone has some unconventional views about what monetary policy a you know does here but we may see the central banks are to react to this higher inflation rate one place we are gonna be watching though is the Turkish lira yesterday hitting a nine month low against the US dollar is the moving quite a bit so far this year weakening there and so we're we're going to be that we know which way the momentum is going here but what is the impact we see today
Istanbul Blockchain Week with Erhan Korhaliller
"Jump streit in and speak to a little bit about what you've done leading up to This Istanbul blockchain wake. You had US pull something like this off the PRI. Obviously now a lot of papers tell us a little bit about how you got into the spice and what you've been up to. Yes so I'm like yeah okay digital's been around for about three years now working in the crypt side. We've we've represented some of the largest projects Exchanges want it's you name it like Really really wide wealth across the world globally. And so as you can imagine where we we we're going to events all the time I'm also we have what we have a youtube channel. Tv where I've got stay safe what your parents households big names on that kind of got us into the conference circuit. We would offer like summit and mold some big events in innocence and variance around Europe. And after a while you know another is events when us is more thing you know. Can you help us get speakers? Can you help us get on says? Can you do something I love? You May as well start doing everything at this point. I mean it's not far off apart from the edges logistics. I'm anti. Yeah you're not moving excited. I'm has like a useful. No matter crypto no matter what we say and so. I'm traveling from blockchain blockchain. We of course the conference obviously. I'm promoting my agent. Pr Agency and our clients and it was he trying to win new players. And you know that that really made me understand like what made a conference good. What MADE CONFERENCE BAD? And you know what what what kind of speakers would help educate the space and You know what people want. Keep out and now we're GONNA pull those lettings into Istanbul bunch and I'm really really excited. Excellent my will pretty obvious progression into that through the payout year. At every how you do it I really don't. It's you single. You got kids. I suppose that's probably a pretty good formula for success in that my in that means but trump look why why Turkey. I've got to ask the question. Why is Dan Bul main? It would seem like it's a bit of a stretch for anybody outside of Europe. Obviously anything straining on here in Moscow the world to get a custody your side of the wall off from Europe but zones wrought so why why. Istanbul why why Turkey. What's what's the profile. What's the reasoning behind that so techy as a framing community for football chaining CRYPTOCURRENCY In the in the last year so there's been various reports coming out about how Turkey is leading into the doctrine precursor blockchain and these are opposed by you know leading leading companies like I and J. He's not reports that you know people just putting off Switzer You know there's a lot So for example. Let me just read this off. I mean so. For example the chain things that government is launching the digital Lira. Turkish lira next year. So now it'd be the second company behind China to do so And also they've launched a national go train infrastructure project which is how in Quebec services and various municipal services. Use the chain within Turkey. Now cost you know. Obviously you know this about you. Know to keep politically. But you can't deny that. They are now trying to lead the pack. This could be something fantastic with its economy because you know on twenty six since the failed coup has been struggling You know they had various sanctions They which which vary was was so volatile which lead singer of adoption into bitcoin trading over people trying to make money because they were it was just evaluating so much twenty five invasion as of Ottawa between eighteen which is a huge amount that he's and Yeah then obviously there's also they're also planning to get regulation in this year so that the capital markets or have been advised by the government to come up with Clear Regulatory Framework Kentucky which will allow companies to move INS incubate to to welcome contracts which is very exciting then addition to all of that That's Konya which is the seventh biggest sake. Two and a half million people never actually just announced the launch of a cornea coin. You will to us And you'll be with us up for your services like transport you'll be able to use it for other municipal services you know maybe even taxes stick them now and you know what. We're hoping that our elegance will be able to hear more. About how conference shall we say Look I mean look I think people don't realize outside of possibly Europe and Turkey. Just how big that actually as Ming. I'll looking around searching icy point. Eight one million populates in Turkey and for country like the major not third world a shorts health problems. That's it it does board US problems agents it sort of bring the door full this sort of adoption of the technology and actually using crypto in a sense and building out the blockchain solder things. It millions a lot of people and if we compare that to do by wedgie by. Has I've been talking about. I'm not sure how much progress has been made. But having that you know blockchain's CD digital city or whatever they want to turn they've coined Minnie's temples much large populace than Dubai and would say probably a much greater need to pick this up cost. So it's really groundbreaking. The such a large country is really taking those steps. Do you think Turkey could be or is one of the latest leading countries regard cryptocurrency use and blockchain development. It is it is it. The people don't know about it. And that's another reason why I'm doing this event to showcase Turkey to lead us to put them out I am. I didn't even mention has techie at twenty percent of people abused cryptocurrency so Alabama eighty million. Which I think he has an eighty million now late speakers. That's you know that's a lot of people influence the leading in the whole report including the US Australia all of Europe And then you will sixty two percents of opposed to the currency so so the way that I see things here is not all of these projects. I'm speaking to other in. Asia represent software. Whoever they are the missing huge market here they come up and open shopping Turkey. They could get. They could potentially get adoption that they've been hoping for so long and becomes clear they'll have a a really a safe environment to do so and the other cement. I detect people like they. They deserve this. Trump's been for the last few years You know like you've unemployment is at twenty seven percent which is ridiculous Even Women Supports Sam. Now if you compare that to the you can. Us We're about three and a half so it really shows the for me personally like my intrinsic feelings of this event is that we can help this nation industry. Bring bring growth in employment growth in jobs. You know like we all work remotely these days you know. Let let us help. People get less help. Educate has come into this space And really just grow grow. Grow tikey Gordon Turkish budgets float. Because like. I said you've got these amazing statistics. I've go around Singapore Adams. Say Hey can you name me one Turkish project like no one can do that really annoys me because it's like how how how we getting tough decision and no one of the projects as yoga? It hasn't even more so you know. My name's really is to shine a light on the Turkish ecosystem using the connections that I have that have made of the last three years And then also built strategic officer took his puts on encouraged to build took his communities as we've seen by the way from license of open to office until he into office in Turkey. Various exchanges opened office in Turkey to that they won't release L. Conference by the way which you'll hear more about near the time and it's just getting more and more It's just getting more and more adoption and I'm just I just can't wait to invite friends and family really these days into Turkey to show them. There is a beautiful place and is a wonderful project to wonderful countries to unprovided for
Regulators Allege Christian-Based Health Care Provider Broke State, Federal Rules
"Nearly men. one million Americans rely on health care sharing ministries to cover their medical bills members of these Christian organizations typically chip in money every month with the expectation that they will be reimbursed when they treatment but multiple state regulators have accused one company of violating federal and state requirements. New Hampshire public. Radio's todd awed. Buckman reports on the efforts to rein in one of those companies spread out on. Keith means kitchen counter. There's a mess unpaid bills with very large numbers. Eleven one thousand eight hundred eighty six for looks like an anesthesiologist. The surgeon eighteen thousand eight fifty four hospital. Stay hundred and fifty two thousand fourteen dollars. Sixty nine cents. Mehan is forty nine years old. DIVORCED DAD living in Rochester New Hampshire his job as an international. Rice salesman doesn't provide health insurance so last year a broker sold them on a company called L. era that markets what's known as a healthcare sharing ministry. It's not traditional. Oh health insurance clearly not Which I've I've come to find out? Meeting signed up a few months later. He had back surgery he says Lira. An entity at contracts contracts with called Trinity healthshare assured him. The procedure didn't need preapproval but afterwards it declined to pay close to two hundred thousand dollars in medical bills contending. His back pain was a pre existing condition. I feel like I was sold a bad bill of goods. You know just I had no idea. After receiving a wave of complaints claims from customers like me in New Hampshire's insurance department issued a cease and desist order last month against a Lira and Trinity for selling what the State calls illegal health insurance points earlier this year regulators in Texas Colorado and Washington also took action against a lira. The company declined an interview request but in a statement L.. Era Forcefully denied the allegations and says it will appeal. The New Hampshire cease and desist order other healthcare sharing groups say Elliot's actions are harming the reputation of the broader industry these ministries have seen rapid growth in recent years in part because of their lower cost. The cost was typically a fraction typically. Well under half and usually closer to a third of what the cost of conventional insurance was. This is Fenton Gruen and New Hampshire contractor. Who's been a member of a ministry great since the early nineteen nineties? He says along with the savings. Many Christians are drawn to ministries because they don't cover abortion services and offer perks like like prayer hotlines for their members grew and says he supports regulators stepping in to stop a company like a Lira. If it's violating the law given the explosive of growth of health care sharing ministries. It's not surprising to me that somebody would try to cut in on that investigation by the Houston Chronicle earlier. This year noted that the CO founder under Valera previously served time in prison for Securities Fraud the company is facing a proposed class action lawsuit in Washington State for alleged deceptive practices. Joanne Wind Volk with Georgetown Center. On health insurance reforms says some consumers are drawn to ministries because of the belief that they'll be better taken care of there's a lot of frustration with insurance companies and some of the hoops. You have to go through to get beer. Healthcare bills paid. And it feels like it's just another hoop but at least it's with people that share my beliefs Keith. Me The guy with two two hundred thousand dollars in unpaid medical bills says he wishes he had done his homework on Lira. I'm not trying to skate on my responsibilities. Had I known that this was way it it was gonNA turn out. I would have suffered. I can endorse some pain both physical and mental. But I would've never gone through with the surgery. More pain may be on the way I mean. Says he's considering filing for bankruptcy
Trump hits Turkey with sanctions as fighting escalates in northern Syria
"On Monday president trump said he would raise tariffs on Turkish steel to fifty percent in response to Turkey's attacks on former US allies the Kurds in northern Syria Turkey entered the region after the president's decision to withdraw U. S. forces so will sanctions work let's turn to Jacob Kierkegaard senior fellow at the Peterson institute for international economics Jacob first will these actually affected Turkey's economy I wanna lose any doubt that steel is a is a very large turkeys export commodity I mean we're into the several millions of dollars the US market and this is relatively low grade steel so to speak so it's stuff that can be easily replaced if it's hit by a fifty percent tariff and the Turkish economy remains in a very precarious situation hi the exchange rate of the lira is back towards six to the dollar we just had to use central bank try to lower interest rates after they were forced to raise them earlier this year and they're probably gonna have to reverse that which will in my opinion have pretty significant hi medium term a negative impact on the Turkish economy present everyone has described you know what he's doing in northern Syria as a matter of national security do you think he cares about the economic consequences I think he cares quite a lot I am less certain given the time that is already taken for them to be opposed and the you know there is a bit of the weed before they start having a real impact on the ground but I do think that they will the terror a sort of larger scale longer term Turkish incursion into northern
Brexit Is The Latest Blow To The British Pound, Once A Symbol Of Economic Might
"It's been some time since Britain's empire extended around the world but the British pound long a symbol of Britain's global power is still a source of great pride in the country over the years though the pound has lost a lot of its luster and the turmoil surrounding brexit has hurt its stature even more you Jim zarroli in the late nineteen nineties Europe embarked on a radical experiment it got rid of Italy's lira Germany's Deutsche mark and the French Frank among others and replace them with a single monetary unit the euro only one major country refused to get on board Britain here is then chancellor of the exchequer Gordon brown we will not seek membership of the single currency on first January nineteen ninety nine the decision was driven by much more than economics the pound also known as the quit or sterling is a rich cultural symbol a powerful reminder of the past glory of the British Empire I'll notes have been adorned with some of the most illustrious figures in British history Shakespeare Dickens and Darwin today people such as Jacquelyn Cup for a pharmacist's assistant in London say giving up the pound is almost unthinkable I think it's because it is so you know you've got an old school friend to turn everything now talk about the talent and it's part of our kind of culture really I think anything that you try to replace it with it wouldn't did the talking I think the pound is encrusted with centuries of British tradition one pound was long week will take two hundred and forty pence it bewildered tourists in nineteen seventy one the government decided to simplify things one pound would now be worth one hundred pence it took some getting used to even students had to take classes in the new money how many new pen if you guys have in one house for new my mom doesn't like the fifty pence I today's twelve to make sure they're not the singer Max Bygraves even put out a song of through all the changes the pound has long symbolized Britain's economic might at one time the pound was used to buy and spend all over the world it paid for roads in Africa and railroads in India it financed cotton fields in the American south Neil Ferguson is a senior fellow at the Hoover Institution and the author of the history of money if you go back to the nineteenth century the British pounds occupied the place in the global economy that the US dollar does today but as Britain's power wind so did the pound the government tried to stem the decline after the second World War travelers were barred from taking pounds out of the country you can take a holiday business alarms and travelers checks but not more than five pounds in studying those efforts like these not withstanding written over the years would have trouble controlling the pounds volatility the Ferguson remembers living through it my childhood was in some ways scarred by periodic sterling crises I think they were my introduction to economics as a boy growing up in Britain in nineteen ninety two came what was perhaps the worst crisis of all it was known as black Wednesday deep pocketed investors led by George Soros made enormous bets against the pound and the whole world watched as the pound collapsed the most dramatic turn in government if not extract you for twenty five years was forced on the prime minister and chancellor by the overwhelming pressure upon billions of being sold in the far next change mark Soros was said to have made a billion dollars in just one day since then the pound has only lost more ground today it's worth just a dollar twenty a fourth of what it was worth almost a century ago one big culprit lately has been brexit Britain's decision three years ago to leave the European Union sent the pound tumbling the government's chronic inability to come up with an exit plan has driven it even lower David Blanchflower is an economist at Dartmouth College the chaos that sits around a possible no deal brexit is scaring the markets and so the pound is folding steadily Blanchflower says the pound could soon be worth one dollar in the history of the pound that's never happened today the British pound with all its glorious tradition indoors but like the empire itself it's not quite what it used to be Jim zarroli NPR news New York
"lira" Discussed on Bloomberg Radio New York
"It dollar lira, Dan. Goldman Sachs are saying that the central Bank has essentially opened the door to both interest rate cuts and further depreciation and not just any old depreciation. They're calling it. Another fifteen percent in twelve months once lira for tiny stocks hovering around technical levels. We're a little bit higher for the CSI three hundred. There was this ongoing concern that they would draw of some of the fiscal stimulus in China. But at the moment, the focus is going to be some of the corporate earnings. They're going to help set the tone after the industrial data that we got industrial profits. You look at the life ICBC CCB Bank of China. Bloomberg intelligence expecting quite a bit of revenue growth that would keep a close eye on that that second on the first word headlines as well before we do that. We've got some other markets across to von she standing by on how you doing. Good menace. Get to. Yeah. Markets. Look a little bit better here in the last hour or so that we are in the session highs when it comes to Asia extra pan they are closed for the week in the next ten days. So liquidity volumes are going to be low keeping my with that. But we are seeing the likes of Singapore. Really leaned those gains here today with the likes of DBS first quarter actually exceeding expectations as well. You mentioned the seat aside three hundred we're still focusing on the Shanghai composite. That is still slightly lower here today after it broke below that key level thirty one hundred as well as the create while we're watching the dollar really kind of taking a breather after the GDP data on Fridays Asia FX catching a bit here today. But when it comes to China, you mentioned about earnings we have five hundred companies on the Asia market that are going to be reporting today the likes of the banks the autos as well as the oil majors as well. Guys. Okay. Thank you very much. I would headlines on Judas is in Hong Kong studio with us about. Thanks, fantas we'll sign socialist of won the election. But later Pedro Sanchez willing to form a broad alliance to govern that includes support from casual and separatists the socialist claim to one hundred twenty three seats in congress up to ten months, the head of a minority government. The forty seven year old Sanchez was forced to call a snap election when he failed to posses. Budgets. Sherline has banned face coverings for Monday in a move preventing Muslim women from wearing the veil if in response to the eighth Sunday bombings which killed two hundred and fifty three papers. The government has blamed the bombings on is miss group, which it says also had foreign help Prime Minister Ranil Wickremesinghe has admitted the tax could have been prevented evasion. Sees at acted on known intelligence. Boeing says all it seven three seven mex- customers. We'll get a software update as the motor remains grounded following two. Deadly crashes. A feature known as the angle of attack disa- disagree. We'll be the standard on new planes and retrofitted to those already flying southwest. Airlines says it was only told by Boeing seven three seven max at k safety load off the deadly line had crashing Toyota. The US Justice department has told the House Judiciary committee that attorney general William may skip a Thursday hearing on the mullahs report if committee Lloyd's sake to question him, but democrat Ron committee plans to allow council from both sides to us about mullets report into Russian invoked in the US election. It's unusual for community councils to question a witness. The new event is angry and move me. And gave movie is smashing box office records earning one point two billion dollars in its opening weekend is the first film to exceed a billion dollars on opening and game ranked in raped in three hundred fifty million dollars in the US in Canada and another three hundred thirty three million in China setting box office records in forty four countries. The previous record was held by the earlier vengeance movie 0 will. News twenty four hours a day on a tick tock on Twitter by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. Amenable Drollas this is Matt. At about. Thank you very much now off to the worst.
Lira Mckie, Northern Ireland And Sarah discussed on Inside Europe
"Has been international condemnation this week after the murder of journalist in Northern Ireland lira mckie was reporting to riots in the city of Londonderry also known as dairy when she was shot. The group known as the new era says was responsible for the twenty nine year old's death. David hunter has this report Lear Mckee was tipped as one to watch a rising star in the world of journalism. However, her career was cut short. She became the latest innocent victim of a long and troubled history. Northern. For over forty years to communities here were involved in a conflict which claimed Thorson's of lives. Very sorry about fast in Northern Ireland. We don't wanna return to this really just like it's just so set young Garrick your life just doing ritual. People don't want to see a return to the violence of the past the unionist community largely over Protestant bunk. Roy and want to see Northern Ireland remain part of the United Kingdom, but the nationalist minority mostly of a Catholic community want to see the reunification of Northern Ireland with the Republic in nineteen ninety eight after decades of boming riots and murders a peace deal was signed known as the Good Friday agreement the agreement that has emerged from the Northern Ireland peace talks opens the way for the people there to build a society based on during peace, Justice and equality signed almost exactly twenty one years before liras murder and Deloitte, people to choose whether the. Wanted to be British Irish or both by law and also cleared the way for the main par military organizations here too late on their weapons and end decades of conflict lira once described her generation as the ceasefire babies, the so-called new array responsible for her Jeff as one of the groups that which refused to accept on arrangement and is still using an armed campaign to try and bring about a United Ireland. The Irish president Michael d Higgins has this message for them. Please unrepresentative. I hope you'll reflect on what you have done. See the appalling unsustainable on justify take Footrot. You'll have these dissident Republicans are fiercely opposed to the nineteen Ninety-Eight under Britain's involvement in governing. Northern Ireland Ryan's brew going on the streets. Were LeRoy was killed as police searches believing an attack against them was imminent, youths began throwing paddle bombs and bricks before a gunman. Opened fire of the armored police vehicles beside which lira had been taking shelter. She was struck by a stray bullet leaving her partner. Sarah devastated. This cannot stand. There is death. Most not being vain because her life was Shane late everyone else's life. There is friend lost the mat with a young writer earlier in the day that she was killed discussing her plans to build a new life in Derry where she moved from her native city of Belfast. She showed me pictures of the ring that she'd brought for Sarah and told me of the fabulous plan. She had for the proposed in New York. And may I was given strict instructions to where my kilt which she always wanted to borrow onto find a refined.
Troubling: a death in Northern Ireland
"South This economists podcast is sponsored by linked in jobs. Hello and welcome to the intelligence on economists radio. I'm your host Jason Palmer every weekday. We provide a fresh perspective on the events shaping your world. A minority of South African people have steadied formal jobs too many, including a large fraction of the country's youth do piecemeal work or are unemployed altogether. We look at the efforts to bring the young into the workforce. And there's a lot of talk about public figures particularly candidates in America's upcoming presidential race speaking, multiple languages, what's with these polyglot politicians. But I. A funeral will be held today for a young journalist from Northern Ireland who was shot dead last week all for the loss of lira. Our hopes and dreams all of her Mazen potential with snuff type a single Barrick. Lira Mckee had been reporting on violent unrest in the city of Londonderry. We believe this to be a terrorist act. We believe it's been carved violent Republicans yesterday. A group called the new IRA took responsibility for the killing it even apologized. The incident was shocking reminder of the fragility of peace since the end of the Northern Ireland conflict known as the troubles. This was an attack on everybody in northern. It. Doesn't matter if you're Catholic or Protestant. British are this is an attack on democracy? The troubles began in the nineteen sixties and painted mostly Catholic Irish nationalists against the British army Northern Ireland police and mostly Protestant loyalists. For three decades violence and terror was a part of everyday life, the turmoil claimed more than three thousand five hundred lives, but in nineteen ninety eight the Good Friday agreement largely brought an end to the conflict today is about the promise of a bright future. Dave, and behold, a line can be drawn bloody past some low level violence continued, but this latest killing has fear and outrage. The funeral today of Larry Mckee is going to feel in many ways. Like, we'll most states occasion. Tom Wainwright is the economists Britain editor where expecting to see the Irish T show that the prime minister will say the president of island the secretary of the UK as well as low two local politicians from Nova Nyland, of course. And so it's going to feel like a big deal, and it really is a big deal in Northern Ireland. This kind of killing of innocent civilian in what seems to have been a terrorist attack something that really has shocked people. It's by no means the gnome since the peace agreements of twenty one years ago. This kind of thing is much less common than it used to be in people here really really shocked by what happened last week, and Tom what can you tell me about the group responsible for misbehaves death, new IRA and its relation to the other groups with IRA in the name, it's it's a bit confusing. Picture it is it really isn't. I think to understand that you've got to go back to the Good Friday agreement of nineteen ninety eight and. What happened? There was that the IRA and most Republicans agreed to end any kind of struggle and take their fight for the United Ireland to the debating chamber of the streets. But at the time there was some Republicans who disagreed with that to this represented, a capitulation, and these guys who are now widely noted dissident Republicans have continued that struggle on a fairly low level. But nonetheless, they are security worry five the security agency raised the threat in Northern Ireland is severe they have continued trying to police officers, for instance. And so why do the new IRA kill Lear mckie? Well, she seems to have been killed by stray bullets. She was watching a riot taking place in the city of Londonderry Derry as it's known to Republicans, and she was watching from next to police come and she was shot in the head and later died, and this riot was kicked off really after police had been raiding homes in the area shortly beforehand seems that they were concerned on the. The Easter rising some local Republicans might be out to coast trouble. And seems that some cycle dissident Republicans is this as a excuse to get that people on the streets and co some trouble and the new IRA said it was an accident and apologized there's some significance to that. Right. There. Is yet seems that they really feel as if that on the back photo of this that agreed which has said, the it's propensity is violence to said that the Republican coups, but they seem to be well aware that locally these kinds of acts of violence in which older NRI innocent civilians killed or injured go down extremely badly and really risk setting that goes back, and we've seen evidence of this already in dairy, the headquarters of a local political party, which is supported by the IRA people being smearing red painted handprints on their offices a form of protest and lately various Republican murals have been graffiti as well by people saying things like not in my name. Name. And so they think realize that this could set them back in a big way. Police also reporting that moving one hundred people have sent them with information about the killing and in a city like Derry, that's really unusual. This is not a place where people have historically been happy to talk to the police about Republican activists. So we could be seeing Quanta change. So do you get the sense from all that then that there is just simply less tolerance for the kind of violence that was so common during the troubles. I think that's right. I think since the Good Friday agreement which was almost exactly twenty one years ago. Many people in Northern Ireland of come to see the peace that's being achieved is enormously valuable, and the idea of going back to that is something that really worries a lot of people. And I think most observers thing that the chances of returns to scale violence, very slim, but any sign that violences on the rise is obviously a worry, especially at the moment with Brexit going on which is causing all kinds of problems for Northern Ireland. We've also got the problem of the Northern Ireland assembly having been suspended now for more than two years. So there's a feeling Northern Ireland is inevitable position so events like this do concern a lot of people that people worry that things are being destabilized that, but you mentioned Briggs in in passing there. Do you think that all the negotiations and the degree to which Northern Ireland has been such a lynchpin of the negotiations has sort of reignited tensions? It's certainly reignited tensions. Yeah. We haven't yet seen a big kicking off of large scale violence or anything like that. But tensions absolutely have been heightened. And it's not surprising because the peace deal made back in nineteen ninety eight really hinged in many ways on the UK an island shed membership of the European Union that help to enable these countries to have a border, which is not just open. But invisible, I mean, if you go there and drive between Northern Ireland and their public of island, you can do so without even realizing that you've crossed the Boda, and of course, membership of the EU means the two countries of members of the single. Markets, and so no customs checks needed and since nineteen ninety eight people know of Nyland being able to choose whether they take Irish or UK possibles in many ways, they've been allowed to feel as if they are either Irish Oprah show oath if they want and so the UK now leaving the European Union really will subject that to strain. And it's clearly pulling the UK an island upon a way that nobody on typically to twenty one years ago and many people particularly in the Republican community. Most of them voted to remain, by the way, think that Britain is in some way reneging on agreements that were made or hinted that twenty years ago, so it is a time of heightened tension. Yes. Tom. Thank you very much for joining us. Thank you.
Lyra McKee: 'New IRA' admits killing of journalist
"Last thursday. Twenty nine year old journalist Lyra Mckee was shot dead in Londonderry twenty one years after the Good Friday agreement was signed to bring peace to Northern Ireland yesterday. A group called the new IRA released a statement taking responsibility for the killing and offering it sincere apologies to liars family who holding her funeral today to find out more about the situation on the protests that followed liars murder, I'm joined by Rebecca black who's a journalist with the Press Association based in Belfast, Rebecca who are the new IRA and holiday different from other branches of the group. Morning there and the IRA they're a dissident Republican dissident Irish Republican terrorist group, but they Kim together to eleven grew together. A lot of these smaller groups that were sort of sloughs ING steam and the come together though, they're small numbers. They have being described as the threats by the police service of Northern Ireland's some of their members were involved with real array, which listeners will probably remember, and they responsible for the ball in nineteen ninety which which killed a lot of people. What has the public's response being to the group's admission of guilt? Well, just order discuss. I think the statement yesterday came quite a few days after it was very much enough to fold on an even though it shouldn't apology still seeking to justify what it has done. So buro- responses being. It's not enough. If you're issue any sort of statement, it should be that you're going to spy on the late stage. What would what possible justification can there be? What do they say? Well in their Russian they're blaming the police service and on the on the night. It's all on the night. That killed 'em was a police operation going on. There were searching Heis and based on intelligence and Abida terrorist suspects. The police have combined actually since then and said the review intelligence before the search and they're perfectly happy. It was the jet on should have gone ahead. But these dissident Republicans they say the by the peace coming into an area such as Creggan, and it some way provocative that they're suppressing them. They're perfectly entitled to riots Super Four lire Schultz and was ride in helping that was that was quite a number of petrol bombs thrown up police, and then in the battle this Amana merged, but yet in their Russia there, they think it's acceptable to close riots on to ultimately their Jackson to any sort of any sort of doctors objecting to out of being part of the United Kingdom and there. Of the mindset that learned Heil do Coyote violence until Northern Ireland's part of the United Ireland and their their philosophy. And is there any sense that this sympathy for that point of view, and that people aren't supporting extremists on either side? Well, very very little sympathy far. I mean, it was very different buck in the nineteen seventies. When the provisional IRA were going because they did have somewhat support. This group has very little support. I think after the carrying of killing of narrow in particular, a young female journalist who was competing political opinion chill. All she was doing was just watching that night. That's close to even more discussed. A main there seems to be even a split within the discipline grip themselves because ever since Thursday there have been a number of incidents where Petra ball miss that side, a dissident members Heiss the shots fired another person's heist in Lurgan county, my yesterday, do they seem to be disagreement even within themselves as you said, we know that Staunton the power-sharing agreement broke down of two years ago. I wonder how far the up since of a working assembly stoking, more extreme fringe groups.
Lira Mckee Mckee, Sara Canning And Northern Ireland discussed on This Weekend with Gordon Deal
"Police in Northern Ireland of arrested two teens hundred the terrorism act in connection with the murder of journalists. Lira Mckee Mckee was hit by a stray bullet during a riot in Londonderry her partner. Sara canning spoke at a vigil
"lira" Discussed on Marketplace All-in-One
"Newness. Good morning, president ODA ones, comments, broadcast, live on all major news stations in Turkey, come as the Turkish. Lira has gained nearly six percent today against the US dollar, but the currency is still down more than forty percent. This year Piatra Mattis and emerging market strategist at rubber Bank told me more the latest comments from prison on indicate up his no intentions to ease ongoing spot of the west, anything. It may escalate base home comments from Turkish president who are Turks to boycott was Johnny goods now has been something of a recovery in the Turkish lira. But do you think that could convince Turkey central Bank that it doesn't need to raise interest rates as many analysts have called full, maybe he's good. Convince policy-makers Bob is not going to convince the market that a rate hike is still urgently required that he remains vulnerable. And until the central Bank decides to raise interest rates quite substantially. It's difficult to expect the Turkish kind of stabilize in a sustainable way about from rising interest rates, diplomatic spa between Turkey and the US I would have to be solve tension would have to ease, and it's difficult to be up. Domestic is going to happen based on recent comments from both sides of the conflict. Simitis. Let's do the numbers. Global stock markets are mostly mixed while Turkey's main share index is up more than one percent. Meanwhile, fresh figures from Germany show the economy grew zero point, five percent in the second quarter slightly more than expected boosted by a household and state spending after decades of fuel subsidies prices at the pump. Look set to jump in Venezuela, President, Nicolas Maduro has said prices should rise to international levels. Rinaldo Trump better is Venezuelan journalist based in London. I don't think it will be a particular shock because it's something that has been brought up over time by both the Madero Chavis government. I do think though that a lot of people will see it as proof that Madero has practically given up on trying to have the support of the Venezuelan people. Inflation we know in Venezuela has sought to rates close to a million percent, but the price of oil was really unchanged for many years. Yes. Clearly the Venezuelan economy is in a lot of trouble. Mostly because the government tests completely decimated the ability of the oil industry to produce an increase their production of oil. So they're very few money coming in. And at the same time, the government has nationalized more than five thousand companies that should be producing food medicines. And now those companies have gone bankrupt when announcing this fuel price hike. Mr. Madera said that smuggle is cheating Venezuela out of millions of dollars of oil revenue. Is there any credibility to that claim that's been going on pretty much for the past thirty four years as Venezuelan. Oil and gas have been subsidized by the government. There's always been the leak towards the neighboring countries, but the truth is that is not what is affecting Venezuela's economy the real person damaging the Venezuelan economy is nNcholas Maduro Reynaldo from better to Australia. Now. Which boasts GDP growth of more than three percent. But another gauge of national performance tells a very different story about the economy from Sydney, the BBC's film Esa reports Australia is seen is the place to be for the good life has not been a recession here since the early nineteen ninety s and answering can make growth. It's over three percent. It's the envy of the world, but does GDP accurately reflect how the country feels about wealth and financial security. The answer is no. According to the National Australia bank's wellbeing index, it's found that levels of happiness and satisfaction or at their lowest since the survey began in two thousand thirteen. Those with the lowest level of well being laborers, people who don't own property and young women. Unlike the index GDP tries to capture the state of the economy in a single number, but associate professor Angela knocks from the university of Sydney believes it has its limitations. We noise..
"lira" Discussed on Bloomberg Radio New York
"In the one hundred PJ championship maybe the most thrilling, ever because tiger was turned back the clock had his best major in, decade at his best final round of a major ever. Shot a sixty four had the place in Saint Louis, going nuts but, he fell two shots shy of Brooks kept got Mr Major kept. Kaz won four tournaments as career and three been majors he's. Won three the last five played on US soil that stadium I run by Giancarlo Stanton is thirtieth the last six games DD Grigoriy homered made a great play in the field. CC's Tabatha went six innings allowed just one hit the Yanks be Texas seventy seventy-two the Mets and Noah Syndergaard beat the Marlins for two three that rain out from last monthly made. Up tonight a one game subway series in the Bronx same pictures that were supposed to go originally a, pair of, all stars Jacob degrom and the Reese Severino what a win last night for the cubs they showed Washington three two not being with two outs in the bottom. Of the ninth. Rookie David Bodey hit a. Pension grand. Slam and the cubs won four to three The. Bloomberg NBC sports. Update I'm Jon Stashower John just show thank you that's the sports you've. Had the news as the price action dole lira back through seven we reclaim a seven handle. Is record witness for the Turkish. Lira once again and you, see this bleed through the asset, classes beginning with their facts it makes us stronger dollar story against a weaker euro as we start. To think about contagion risk in the euro-zone. Euro-dollar drops one thirteen seventy four that's low for two thousand eighteen future. Shape up as follows as well hit some features negative eights on the s.. And p. five hundred, negative, eighty-seven on the Dow the United States you're selling some relative resilience says it did three Friday as well, and it does Tom again this morning Absolutely not a watch now Turkish, lira as you said through seven seven point zero three that's as a spy alongside some Cain. Then on Jonathan Farrow. From New York for audience worldwide you're listening. To Bloomberg surveillance this is Bloomberg radio From a road headquarters in New York good morning. Everyone Jen fair and Tom Keene we'll do more data checks today Turkish lira against her seven as it was early in the Asian morning futures negative eight the.
"lira" Discussed on Global News Podcast
"So there is a heightened sense of across India, Nick, beak in India, u n aid agencies have been reacting with horror to Thursday's attack on a school bus in Yemen in which at least twenty one children killed. Saudi coalition forces have suggested they carried out a legitimate military action. But the UN secretary General Antonio Gutierrez has called for an independent investigation into the incident image in folks reports from Geneva in a statement, Antonio Guiterrez condemned Thursday's airstrike and offered his deepest condolences to the families of the children who were killed. He said, warring, parties must take constant care to spare civilians, and he called for an independent investigation into the bombing. Meanwhile, Unisem described the attack. As unconscionable asking how many more children would suffer or die before the conflict could be stopped. The UN human rights. Office said this latest attack came amid a spike in civilian casualties last week in the port city of Ida loan, at least forty one civilians were killed and one hundred eleven injured imaging folks. Now, this sounds too good to be true, but scientists have invented a pill that lets you eat as much fat as you want and not gain weight. There is one caveat though it only works in mice at the moment professor on Aikman of Yale, University co authored the research and told me all about it. So what we did is we made a mouth and that mouse eat fat, but it doesn't get fat. So fad, as you know is taken up in the gut, and it is taken up by lymphatic vessels in these are called lack tears. So in normal cases, the fat particles enter. For the electives very easily through easily penetrated pores called buttons. And in the mice that we made, the electives instead became zippered an impermeable and the fat particles could no longer penetrated. They were then excreted instead of being taken up into the body and so the mouse didn't gain much weight even though it eight, the high fat diet because you did it with some mice that you created genetically engineered in another mice which you hadn't and the mice which hadn't been treated in this way. What double the size of the the, the the mice that had taken the fat Bill. That's correct. So we created the mice by removing two gene. So it was a genetic manipulation and this zippered the electives by increasing signaling through girl factor called BG if a so we wanted to test if we could mimic these effects with the drug. And we use the drug. And this drug relaxes the sell ciders Kelton and it converts slack Till's from buttons zippers, and it reduces fat absorption. So these types of.
"lira" Discussed on Global News Podcast
"The UN Security Council banned exports coal on and other items from North Korea in August last year, our correspondent in so Laura bicker has more details, Korean import officers have been investigating this case for ten months. What they found is that thirty five thousand tons of North Korean coal made it ports here in the faith between April and Tober this year. Now the discovered that the documents for the shipments were forged and that had a different port of origin. It seems that they've come from North Korea via Russia, and that's where the documents may have been forged free people and three companies have been reported to prosecutors now. This apparent breach of sanctions comes the UN leaked report last weekend, which suggested that North Korea had made fourteen million dollars by exporting goods that were supposed to be banned under those UN sanctions. No, that included oil. I'm coal to the likes of China and India. The u. n. imposed sanctions, strict sanctions on North Korea in August last year. And I thought so tried to put pressure on Pyongyang to prevent them from building nuclear missiles and to try to get them to not just hold their missile program, but hope to handover and disarm their nuclear weapons. Now, Kim Jong in has halted nuclear and missile tests. And also he's engaging in talks with the United States and South Korea. So it will be interesting to see how long those sanctions do stay in place. But according to not just this report that we've heard from South Korea today. But previous reports from the UN it does appear that North Korea is managing to make money through exports on perhaps things are now troubling crossed the border from China according to some reports to. Heavy monsoon rains, which have pummeling the southern Indian state of Carola have killed at least twenty seven people. The monsoon season has caused hundreds of deaths across the country. Nick beak in the capital Delhi has more. We know obviously the the monsoon season hits this part of the world extremely hard every year. They deal with it as a way of life really. But it's the threat alive this year, which is causing real concern in lots of areas. So far across India, more than seven hundred people are confirmed dead in the past couple of months since the monsoon season began. And we're saying that state by state, they're really facing battles to try move people to safety and also to deal with the rain that keeps on coming and coming the authorities. How are they responding? Well in Carola where we've seen at least twenty seven people die in the last few days. They say that doing all they can really faced with one hour in some places unpreced. Rented conditions. For example, they've been opening some dams which they haven't done for decades, so they're trying to do something about the huge amount of water that is built up. And of course with within that, there is an inherent risk that if you open up dams, the water that comes cascading down the mountainside, the hillside can affect people below, but they, they haven't taken this lightly. They think that by doing this, they can try and manage the situation. They've also brought in the army in various different places. And you know, there is real concern in Carolina. If people have been there, it's down in the south of India. It's a haven ready for for for tourism. You've got a coastal region, the backwaters where people like to take boats also, some really picturesque scenes. But certainly at the moment, they've been battered by the water and the United States. For example, a warning all of its citizens not to go there a tool briefly necklace still a month of monsoon season two gay. What's the outlook when Caroline. The south of the country. There is real concern. There's this red alert and a lot of places for the for the coming week and the warriors that the rains could could last at least another four or five weeks or so..
"lira" Discussed on Global News Podcast
"This is the challenger faces. Now, Jihadist groups which can cross borders easily, but where the information required to stop them does not always do the same reports by our scares e car spun don't Gordon Carreira now to China, where hundreds of people have taken to the streets to protest. Against the demolition of new mosque. Asia Pacific editor. Michael Bristow told me more. This is taking place in a region of China, cold Ning show, which is home to the way Muslim minority. And over the last couple of years, they've rebuilt a mosque is quite grand. It's got minarets and domes who's completed last year and everything seemed to be fine. Then they received an order from the local government to say that it was going to be demolished. They had to demolish by Friday, and if they didn't demolish it by Friday and the authorities would move in local people saw this notation decided to essentially camp outside the most to prevent the authorities getting anywhere near it. So there's been a standoff negotiations are taking place and the reports that perhaps the demolition is being delayed, but there's been no clear conclusion to that yet. Our unusual are protests on the scale in China will lots of religious protests across China. I think the difficulty with this particular case. Is that the authorities say they wanted to knock it down because it hadn't really got the permission that he ought to have, but others the same. Well, you saw it being built. Why on earth did you not say something earlier? I think what's happened here is that the thirties have seen the scale and the styles by Middle Eastern style and got slight slightly would what they try to do is allow religion bookkeeper foreign influences out of religion. And so the style might have with you thought is we see in eastern China when when religious communities have put grand churches with crosses on the that seems to annoy the authorities as much as the fact that these communities exist in the first place. I think the style is a big reason for this dispute. In fact, there have been suggestions that the authorities say, look, if he just tone it down a little bit will allow you the the monster continue standing how to the Chinese authorities in general, feel about Islam, quite wary, really, particularly developments across the rest of the world. They fear that radicalism extremism. Some will will slip across its borders and add fuel to a lot of donning independence movement serve. People won't moral tawny particularly in the west of China weather in lots of Muslim minority. So the very, they wear in. That's why they want to try and keep a, not a leading religion but control it. So for example, there's prescriptions on how long you can wear your beard or whether you can wear reveal or trying to stop school children, not eat enjoying Ramat. I'm really controlling how people react and how people treat religion and to try to make it more less extreme. So that's probably why they're quite wary about this particular case when they see the grand scale and the style of this mosque, Michael Bristow. Every weekend. You can hear a review of the weeks may new stories and why they matter. That's in the world. This week is Jill mcgivering this week we're looking at the long arm of government as the US government reaches for Iran to close the door on trade there. The Bangladeshi government pushes school children off the streets. The Saudi government stretches all the way to Canada to pull out students, teachers and patients, and in the UK wire leading politician is causing offense by comparing some Muslim women to let boxes and Bank robbers. Thanks Joe. And that's all in the world this week, broadcast on Saturdays and Sundays and available to download from our website. Three South Korean companies have been caught importing coal and iron from North Korea in an apparent breach of UN sanctions. Customs officials in Seoul said, the raw materials were first shipped to Russia and skies their country of origin..
"lira" Discussed on Global News Podcast
"Absolutely. And one of his latest challenges is that abuse President, Donald Trump has signed into. To an amendment to the sanctions that went imposed on Zimbabwe in two thousand and one. Essentially, what they saying is that the one they want free and fair elections, but they also want an improvement in human rights so that they can support any kind of financial assistance in future Shingai Neo cut in Zimbabwe. Hundreds of flights with the budget airline Ryanair have been cancelled because of a twenty four hour strike by pilots in five European countries. The walkout at the peak of the holiday season is the biggest so far over pay and conditions at Ryan air Emily Darshan was one of the passengers hoping to travel today am. I was meant to begin to Gothenburg in Sweden. I was going to one of my best friends, weddings. And as you can imagine, it's her once in a lifetime opportunity that unfortunately we're not going to be able to attend. So we were given two days notice by Ryan. And when we looked on the website that would no alternative flight. When I then cooled Ryan, are they. Aren't able to give us an alternative route. And unfortunately, all of the other flights are in excess of four hundred pounds per person, and we just can't just pay Kathy Lee who's in Brussels reports. On the scale of the strike around four hundred Reiner flights have been canceled today affecting up to seventy five thousand passengers across Europe, pilots in Sweden, the Netherlands, and here in Belgium won't let contracts to be governed by the laws of the nation where they are based not by Irish legislation in Germany where two hundred and fifty flights have been canceled pilots or striking overpay in Ireland staff of walkout in a separate row with pilots arguing, they should have more rights to choose the locations. They're transferred to while working away from their homes. Ryanair has described the strike as unnecessary and unacceptable at harbor is a spokesman for four, sir. The Irish pilot's union. Dan, Damon asked him if the strike was Orion at problem, or perhaps a more general issue with the local. Cost flight industry. I think it's probably a Ryanair problem in the way I say it is this that the airline announced last December that it would for the first time in its history that it would recognize trade unions and deal with industrial relations. Three trade unions representing pilots and other stuff. I think that that was a genuine change in policy and I and we accept that. But I think the line struggled to change its culture to one where rather than simply telling staff that this is what they're expected to do on certain issues about working conditions and so on. They have to discuss with staff and come to an agreement by finding common ground. I think they're struggling with that. The pilots in island today are on their fifth one day strike over the last month. We've made very little progress in negotiations during that period or before it and pretty much dealing with any other company in the Irish industrial relations system over that period of time, we would resolve this problem long before it came to industrial action. One of the specific complaints by pilots is the threat of having their. The home base changed. You know, if you're German pilot, suddenly you're told by the company, all of your flights will begin from Portugal, for example, how how is that happening? Yeah, this is the specific issue that the Irish pilots are in dispute over. So we accepted in an airline like Ryanair which has over eighty different bases across Europe, running from North Africa to the Baltic countries to the Nordic area. And of course, on the west to island, we accept that they're going to have to move pilots between bases from time to time, and that's a common feature of the industry. What we've been looking for now is we we want to see a fair and transparent criteria for doing that. Just now a pilot can be moved thousands of miles from home and family. Simply apparently at the whim of a manager or in in the manage manager could just say, tomorrow you'll move in. We're looking for system that gives some older to that and demonstrates that there's fantas in this election. This occur terrier the that exists and that all pilots have been treated with. Within that same criteria..
"lira" Discussed on Global News Podcast
"And since he has spoken Turkish lira has plummeted even further well. And of course, President Trump has been applying yet more pressure. He's just tweeted that he's authorizing a doubling of the tariffs on steel and aluminium with respect to Turkey that's just come in in the past hour or so what's impact with that Huw. Well, that will hurt because aluminum and steel apparently will be targeting deter cash construction sector and the recent economic boom in Turkey. The economic growth in Turkey is very much dependent on the construction sector. And if the construction sector is hurt, then Turkish economy will hurt and already because of the fluctuation of the Turkish lira because of the loss in its value, dramatic loss or ready there had been issues in importing of these materials. And now Turkey will face even harder. Harder face and already people in the marketplaces who were buying stuff because Turkey has been importing materials were already hurt. They will feel the squeeze more and more and the government will need to act somehow selene Garrett in Turkey. The election results in Zimbabwe represent a total negation of the will of the people. That is how a lawyer of the opposition MDC described the disputed vote. At the end of July, the MDC is submitting its case to the constitutional court today with a deadline under Imbaba and law of midnight, an MD Senator David Coltart the international community to put pressure on president Mnangagwa to abide by Zimbabwe's constitution, and he warned the president of the consequences if he called the opposition MDC has a long history of being committed to nonviolence of being committed to the rule. Law of committed to respecting the constitution, and if he listens to to us, then we can still stabilize this country and take it forward. But if he decides that he's going to go to learn that he's to rule by means of coercion. And then we, we have a very problematic future hit. Meanwhile, the opposition politician Tendai BT appeared in court in handcuffs on judges of inciting violence by rejecting president, Mnangagwa victory in the election, at least six people were killed two days off to the fighting clashes between the security forces and MDC alliance supporters who alleged leader. Nelson Chamisa had been roped victory. I'll stack correspondent. Sin guide Neo is in Harare for the latest on the MDC's legal challenge. The deadline is creeping ever closer, but there is still no sign off the MDC alliance lawyers. We understand that they might file after. Lunch, but it's not clear what time that will be, who does have been camped outside. And and the question is, what time will they file? Would they leave it to the last minute or will they will file on time? So this this me Mr. Mnangagwa is still going to go ahead as planned with the swearing in ceremony on Sunday. As he said, he would do. The invitations were sent out to various heads of states around the world, and we understand that fourteen had confirmed that they would attend, but the government has always maintained that that Sunday date was tentative by law. They cannot go ahead with an inauguration. If the MDC alliance files, it's papers today because the traditional court might dispense with the case as soon as possible, either today or tomorrow, but they have fourteen days to to give a judgement. So it's likely that if the NBC does go ahead and file that that inauguration will have to be postponed. Until this matter is resolved in court, what to make of ten diabetes detention and subsequent release on bail. Interesting that president Emmerson Mnangagwa wins out on Twitter yesterday and declared that he had intervened to ensure that tend not was released. MS raised a lot of questions here assured, some people that perhaps he wants to abide by the rule of law. But the other issue is that how much the Christian is how much influence does he have on the judiciary that he can intervene in matters of the court as David Todd, stay in via the MDC hugely influential, especially Tendai Biti. He's a former finance minister. He's influential in Washington. He has the era. So what happens now essentially depends on what happens in in government in the courts here today, but also with the opposition will contest at these results and what comes out of that briefly still many challenges facing the new president?.
"lira" Discussed on Global News Podcast
"Plummeting lira even further, there's an overwhelming concern amongst Turkish people because the country seeming to be in full blown currency crisis. At the moment, the also at the brink of an economic crisis, the Turkish people will need to be reassured. Rebecca kes- be spoke to selene in estan, boo, and asked her for the latest. The latest crisis has been triggered by a rift between Washington and on cadre over the arrest of a US pastor Andrew Brunson. He has been jailed since last year and Washington was expecting him to be released in the latest hearing, but he wasn't and then sanctions imposed by Washington followed, and he was put on house arrest. There have been negotiations and talks held between the two countries, and there has been pressure put on Turkey for this passes release. But Turkey wants to apparently use Mr. Brunson as a bargaining chip as an exchange and two for prisoner exchange, for instance, and in on cut, it doesn't back off. That is why the rift has been strengthened and deepened and we have seen the lira full to record lows. All time lows. Actually, today there was a time when the Turkish lira lost fourteen percent of its value only overnight, and we're talking about a currency that already has lost nearly forty percent of its value since the beginning of the year. So very serious issues at the moment and finance minister in that report. I was saying we expecting, we're expecting him to speak later in the day, and he has spoken and he said, the independence of the central Bank is crucial and that Turkey will have a stronger budget. Discipline Turkey will emerge much more powerful from this recent crisis, but he didn't exactly clarify how what steps would be taken exactly to halt the collapse of the lira. And since he has spoken Turkish lira has plummeted even further well. And of course, President Trump has been applying yet. More pressure is just tweeted that he's authorizing a doubling of the tariffs on steel and aluminium with resp-. Specked to Turkey that's just come in in the past hour or so, what's impact with that have? Well, dot will hurt because aluminium and steel apparently will be targeting Turkish construction sector and the recent economic boom in Turkey. The economic growth in Turkey is very much dependent on the construction sector. And if the construction sector is hurt, then Turkish economy will hurt and already because of the fluctuation of the Turkish lira because of the loss in its value, dramatic loss or read either had been issues in importing of these materials. And now Turkey will face even harder. Harder face and already people in the marketplaces who were buying stuff because Turkey has been importing these materials. We're already hurt. They will feel the squeeze more and more and the government will need to act somehow selene Garrett in Turkey. The election results in Zimbabwe represent a total negation of the will of the people. That is how a lawyer of the opposition MDC described the disputed vote at the end of July, the MDC is submitting its case to the constitutional court today with a deadline under Imbaba and law of midnight, an MD Senator David Coltart urged the international community to put pressure on president Mnangagwa to abide by Zimbabwe's constitution, and he warned the president of the consequences. If he knows the opposition MDC aligns has a long history of being committed to nonviolence of being committed to the rule. Lov committed to respecting the constitution. And if he listens to to us, then we can still stabilize this country and take it forward. But if he decides that he's going to go to loan, that he's gained two to rule by means of coercion. And then we, we have a very problematic future hit. Meanwhile, the opposition politician Tendai BT appeared in court in handcuffs on charges of inciting violence by rejecting president, Mnangagwa victory in the election, at least six people were killed two days off to voting clashes between the security forces and MDC alliance supporters who alleged that their leader Nelson Chamisa had been rolled to victory. I'll stack correspondent Shingai Naoka is in Harare for the latest on the MDC's legal challenge. The deadline is creeping ever closer, but there is still no sign off the MDC alliance lawyers. We understand that they might file after..
"lira" Discussed on Global News Podcast
"The tenth of August. These are all means stories. The Turkish president, rigid type other one is called on people to defend the national currency after its values slumped, by fourteen percent with an a day. The main opposition group in Zimbabwe is due to mountain legal challenge to election victory of president Emmerson Mnangagwa a large demonstration has taken place in western China against the planned demolition of a huge mosque. Also in this podcast, we made them mouse and that mouse eat fat, but it doesn't get fat in terms of translation to Uman's. These could be formulated as pills. So you may be able to gorge yourself on fatty food without gaining any weight. The Turkish president registered tab. Edwin has called on Turks to support the embattled currency after its value fell by fourteen percent against the dollar within twenty four hours. He told his supporters that speculators would not bring Turkey to its knees were just accountant. Those don't let it if you have dollars euros on gold under your pillow, go to banks to exchange them for Turkish lira. It's a national fight. We should be United in this. Are we ready for it? As the president addressed the crowd, the lira plunged further. It's fallen forty percent. In the last year, there are concerns about Mr.. Ed Owens reluctance to hike interest rates to curb inflation and about the ability of Turkish firms to repay their foreign debts as well as the impact of poor relations with the United States. Earlier this morning, our correspondent, Celine Garrett went out on the streets to see how the impact of international politics is affecting everyday life. Other stu. It's early morning here in his stumbled, and the sellers are setting up their stalls in this marketplace and one by one they are placing their price tags on the Stolz, but I have to tell you the tax do not seem very appealing. A bunch of garlic here, for instance, is sold for five liras and here at this stole akilah of all lives for twenty liras yet pig should Result Sri Laurie on this particular seller tells me it would cost at least three liras to prepare basic bowl of salad. Keep the lives out of it. He says, otherwise, it will be too expensive today Turkish lira has hit a new record, low against the dollar, the euro and the pound the local currency lost. Nearly a third of its value. Since the beginning of the year, there's a huge current-account deficit and the inflation stands above twelve percent. The latest low saw the value in the lira is due to the deadlock in the talks between on Karan Washington on the release of a US pasta. Currently in house arrest in Turkey earlier today, president are Doan commented, they meaning the US may have their dollars, but we have our gods. Plummeting lira even further, there's an overwhelming concern amongst Turkish people could the country seeming to be in full blown currency crisis. At the moment, the also at the brink of an economic crisis. The Turkish people will need to be reassured. Rebecca kes- be spoke to selene in Istanbul and asked her for the latest. The latest crisis has been triggered by a rift between Washington and on cadre over the arrest of a US pastor. Andrew Branston. He has been jailed since last year and Washington was expecting him to be released in the latest hearing, but he wasn't and then sanctions imposed by Washington followed, and he was put on house arrest. There have been negotiations on talks held between the two countries. And there has been pressure put on Turkey for this past release. But Turkey wants to apparently use Mr. Brunson as a bargaining chip as an exchange and two for prisoner exchange, for instance, and in cut, it doesn't back off that is wide. The rift has been strengthened and deepened and we have seen the lira full to record lows all time lows. Actually, today there was a time when the Turkish lira lost fourteen percent of its value only overnight, and we're talking about a currency that already has lost nearly forty percent of its value since the beginning of the year. So very serious issues at the moment and finance minister in that report. I was saying we expecting, we're expecting him to speak later in the day, and he has spoken and he said, the independence of the central Bank is crucial. And that Turkey will have a stronger budget. Discipline at Turkey will emerge much more powerful. From this recent crisis, but he didn't exactly clarify how what steps would be taken exactly to halt the collapse of the lira..
"lira" Discussed on Global News Podcast
"I'm Alex Ritz and added thirteen hours GMT on Friday. The tenth of August. These are all main stories. The Turkish president reject tub Erta when this called on people to defend the national currency after its value slumped, by fourteen percent with an a day, the main opposition group in Zimbabwe is due to mountain legal challenge to the election victory of president Emmerson Mnangagwa a large demonstration has taken place in western China against the planned demolition of a huge mosque. Also in this podcast, made them mouth and that mouse eat fat, but it doesn't get fat in terms of translation to Uman's. These could be formulated as pills. So you may be able to gorge yourself on fatty food without gaining any weight. The Turkish president. Reggie tab, Edwin has called on Turks to support the embattled currency after its value fell by fourteen percent against the dollar within twenty four hours. He told his supporters that speculators would not bring Turkey to it's knees were just out in those The dollar. dollar. If you have dollars euros or gold under your pillow goes banks to exchange them for Turkish lira. It's a national fight. We should be United in this alway ready for it. Zubi as as the president addressed the crowd, the lira plunged further. It's fallen forty percent. In the last year, there are concerns about Mr. Erdogan's reluctance to hike interest rates to curb inflation and about the ability of Turkish firms to repay their foreign debts as well as the impact of poor relations with the United States. Earlier this morning, our correspondent, Celine Garrett went out on the streets to see how the impact of international politics is affecting everyday life. It's early morning here in his stumbled, and the sellers are setting up their stalls in this marketplace and one by one they are placing their price tags on the Stolz, but I have to tell you the tax do not seem very appealing. A bunch of garlic here, for instance, is sold for five liras and here at this stole it kilo of all lives for twenty liras should be solid. This particular seller tells me it would cost at least three liras to prepare basic bowl of salad. Keep the lives out of it. He says, otherwise, it will be too expensive today Turkish lira has hit a new record, low against the dollar, the euro and the pound the local currency lost. Nearly a third of its value. Since the beginning of the year, there's a huge current-account deficit and the inflation stands above twelve percent. The latest low solve the value in the lira is due to the deadlock in the talks between on Karan Washington on the release of a US pastor. Currently in house arrest in Turkey. Earlier today are Don commented, they meaning the US may have their dollars, but we have our gods..
"lira" Discussed on Marketplace All-in-One
"Live from london this is the marketplace morning report from the bbc world service i'm anew on good morning royal dutch shell has closed one of its norwegian oilfields after hundreds of workers went on strike over the loss of pensions norway produces nearly two million barrels a day hilda merit wrist leader of the union safe says up to fifteen hundred workers could walk out by sunday shutting down the whole shelf so and just you days they will really notice that this is not going to be so good for them but we are we are prepared to hold out this long as it takes alan gelder vice president of research would mackenzie explains the wider impact norway strike could have on the oil market could be quite significant opec has been increasing output because you've seen dropping supplies from venezuela threat to drops from iran and so the trying to keep him all kit broadly imbalance at a time when it struggled around because it's the summer season in very high so we're finding roten's if not we production was to disappearing than that's very significant because we don't see having enough additional spec capacity to cover that loss and it's difficult speculate but it could certainly out lawsuit would price pressure because if there is little no slack in the crucial system the only way to manage violence is through high prices to suppress demand allen gelder let's do the numbers global markets are mixed the uk's footsie100 is slightly higher despite turmoil in prime minister theresa may's cabinet over brexit strategy the pound has stabilized after yesterday's weakness helped by upbeat growth figures this morning now in the nineteen twenty turkey sheds centuries of tradition to transform into a secular western nation today under registered type air aragon and islam assed in power since two thousand and three it seems to be headed in a different direction last night after he was sworn in president air to one appointed his son in law as head of the economy ministry sending the lira sharply lower yaacov are not blin is an emerging market portfolio manager at pimco it's a bear market for the turkish lira ansa bull market for nepotism we've seen it in other countries alaska we're seeing in turkey it's a concern for investors not just the fact that there is a lack of relevant experience but also the outgoing staff such as managing schick who was very experienced very well known to invent investor community to international investor community is no longer in the cabinet and this is the former deputy prime minister correct so a lot to digest we've already seen the market reaction the lira sold off on the news of this cabinet appointment and not just changes within the cat cabinet but total change to the independence of the central bank there is always some question around how independent central bank truly was and how much pressure it fell under by the president now one of the rules that was waived was affected deputy governors of central bank required ten years of previous relevant experience we shall see who will be the next episode t the central bank and whether it's another sort of neophyte or someone else closely aligned with president on so what does all this mean then for not just investors but for turkey's economy the vast majority of turkish population believes that the leary weakness has nothing to do with economic policies which rather with some sort of international western conspiracy to topple president or the on what's the direction for the economy while ever gonna question fiscal spending whether we'll see rational decision making unfortunately once again it's just more continuation of president edwin asserting his power politically economically and doing so so in the face of markets clearly trying to send the message and the messages fiscal policies to lose their stretch president the system their priorities and growth over everything and he is indifferent to that are not blinn now picking up on oil again guyana is bracing for an oil boom the journalists manuela andrea ni has been investigating guyana is a very small country of about seven hundred and fifty thousand people and it's a connie's grows at around three percent a year guyana found around three point two billion barrels worth of oil and two thousand fifteen so this would mean gun is economy could probably start growing at around twenty percent twenty percent while i mean that's a little bit like winning the lottery i mean how much are they expecting to earn their expecting tour around three hundred million dollars a year so that severe i only a fourth.
"lira" Discussed on Bloomberg Radio New York
"Of the top headlines with daybreak editor christine harvey who's live for us from dubai caroline christine was just making reference to this tab all that we've seen regarding turkey and the turkish lira turkey seems to have have stemmed the lira's bleeding at least temporarily though yeah well it looks that way but i think some analysts out there are expecting some more so we saw the central bank raised that key interest rate by three hundred basis points to sixteen in a half percent official officials referred to this move as quote powerful monetary tightening now market slash smart cudmore had said that he believes this move is sufficient at least for now to to offer some support for the lira as a kind of alluded to before there seems to be a broad consensus out there from analysts that there's going to be further policy action needed at least down the line a couple of comments here brown brothers harriman said that it considers this to be a very weak response to lear depreciation actually blueberry asset management said that you know the bigs credibility has really just been shot to hell and fidelity said that while this he he agrees with a mark cudmore that this is sufficient for now is that the bank really should have done more for self to get ahead of the curve of course lew has depreciated now for five years in a row twin deficits the budget deficit the kinds account deficit your turkey very very vulnerable when it comes to its currency so interesting to hear those thoughts from analysts what about italy now the prime minister designate that's just a picante he said and meet with leaders won't political parties in rome starting apparently at eight am yeah this is what we're hearing and he he begins his quest government here on what seems to be a slippery slope i mean yesterday when he met with president mazzarella apparently the president expressed concerns about the economy and really stress to conti that he needs to be aware of italy's economic difficulties needs to be careful to safeguard market confidence and also be careful to adhere to budget rules that's according to official familiar apparently contacted pledge his four collaboration on that i mean he made some further comments saying that the government straightaway will need to deal with a couple.
"lira" Discussed on MMA Junkie Radio
"Of course my manage positive start bodies do that the lira fighters about fighting is going to individual sports uh you know where it started like i said you know he it always it's uh it's part of the journey as there as a human being has not yet but but you you of that don't in court uh i learned uh i started their second now it's chapter in my life you know john speaking of chapters of your life young we have you on a lot before you should fights usually sometimes after and it's something we really have been brought up but i'm gonna bring it up now with you moving on new chapters in your life but you moving to a new jim has whatever happened in the past with fear the fighter has that gone past everybody's any feelings that anybody had like a when you go to a new jim endear after like encounter people you know in regards to that uh or or anywhere else you go or what can you update us as far as you know what what went down and how you moved on from that but it's a nine this whole uh you know like i said business but uh it's very simple man i'm a i'm a straightforward man i speak my mind it all people can criticise people can they believe it is a day that they feel fighter was something that uh uh did i never really ah affecting in the sense of a like a people you know mean by the uh the people that were much still cooking get a new obviously i was never really all of the business sport i'm just i was an inspiration hours no i was obviously uh uh you know i was involved in a in a sense of you know as a married where we try to try to ensure the summer so in a sense of business in or a good business weis two big business because fighting is temporary normally despite shortterm thing wherever wherever will be able to make in the fighting world them as a and i try started.
"lira" Discussed on WTMJ 620
"I mean whatever he'll he'll be a fun training camp story i'm sure to see if if he can take any kind of jumped like you said he's he he can ronnie's got some of the measurable which is which is why still on the roster but but at the tough transition you don't see it rail often where were of where a wide receiver at this age of his life right at the state address career jumps to the other side of the football and becomes any kind of impact player but to your touchdown king i mean i i if i demanded dollar way in right now i i would i would put it on king and house to be your opening day starters and until proven otherwise i think that's what they want in that randall probably in the the slot on the stars spas and the right and they'll probably go in that direction i he'll be given every chance king net is to to go on and win a starting job is you know on the other side is devan house a number one null buddy lease is the security blanket writing ease lioness with the security blanking doing other yet head of the lira goodyear two years ago at jacksonville after he left ring pain free agency geno yeah iit's which and he's leading their cornerback terrell there's no question about that he's the dominant personality in there i think he's really been beneficial those young kids you showing them the things he learned from charles woodson in toronto williamson i think that's great well way his plan for a contract himself you know i talked to him at length about that during during the offseason here where he said it's a approval year for me i want you know i've i wanna get one big more one more big contract before i'm i'm done said i wanted to be in green bay he loves green bay's got a house here or house in green bay and he eats like to to make that his his last stop and his nfl career he's back.