News UK
‘UK must stick to defence pledge’ says Ashton Carter – BBC News
The US Defence Secretary has voiced concern about Britain’s planned defence spending cuts. Ashton Carter said there is a risk that the United Kingdom will become disengaged, if it cuts its military budget any further. His intervention comes as the newly elected Conservative government, led by David Cameron, plans £1bn in cuts. Mr Carter spoke to the BBC’s Katty Kay.
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Russia’s attacks on Ukraine continue, with heavy strikes killing 12 people on Tuesday and further attacks on Odesa, Sumy and …
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America’s national debt recently hit a new milestone of $40 trillion. It is estimated that interest payments on the national debt are now the second largest expense in the US government budget, trailing only Social Security. How was the US able to borrow so much and for so long? One answer, according Harvard economist Kenneth Rogoff, is the US dollar’s status as the world’s reserve currency.
In this episode, Rogoff – former Chief Economist at the International Monetary Fund – explains how the US dollar came to enjoy this hegemonic status, what being the world’s reserve currency actually means in practice, and why he believes the dollar is now in decline.
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#Economy #USDollar #Currency
Timecodes:
0:00 The US National Debt hit 40 trillion dollars
1:29 Introducing Professor Kenneth Rogoff
4:00 What amount is the US paying annually on its debt?
5:20 Why is the US the worlds reserve currency?
9:15 How the Bretton Woods Conference aided the US dollars dominance?
13:50 Has the US dollar faced any serious challengers?
17:03 Is a weaker dollar good for American businesses?
22:20 Which currency in 2026 poses the biggest threat to the US dollar?
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The number of people missing in Nepal after the massive flash flood on Wednesday has risen to 4,247- with at least 903 people known to have died.
The number of missing is a sharp rise from 2,502, which was announced on Sunday. Of those missing, 3,655 are Nepali citizens, with 592 foreigners unaccounted for.
In Tibet, the official death toll is 16, with 546 reported missing, according to Chinese state media.
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#Nepal #Tibet #BBCNews
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News UK
Halle Bailey has been granted a restraining order against her ex-boyfriend, rapper DDG. #BBCNews
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@thankhtoo4028
January 4, 2024 at 3:22 pm
Usa want to.make money amd they want to selling military equipment
@TheChinaWatcher
January 4, 2024 at 3:22 pm
The US has been bullying all these countries to follow their lead down a path that leads to oblivion for us all. A "pledge" made under duress is not valid. Each country must make it's decision based on the needs of, and what is best for, its own people and not to support a perverse and warped US foreign policy.
@electrostaticionengines4579
January 4, 2024 at 3:22 pm
Cutting back by the UK or any of the other NATO members will cost the US more to pick up the difference and we probably will. The EU must and should pay for their own defense. Russia is watching and waiting for a weak Europe. Don't let Europe become another Ukraine.
@the500mphtortoise
January 4, 2024 at 3:22 pm
Considering the increased threat Russia poses and the fact that many nato countries are cutting their budgets, this is not the time to be going below our target.
@Carbide195
January 4, 2024 at 3:22 pm
The main problem doesn't seem to be the amount we're spending, it seems to be where it's being spent.
Wasting hundreds of millions of £ on converting our carriers from ski-jump to CATOBAR and back to ski-jump again.
Investing in the JSF project, which is massively overrunning its budget whilst failing to meet basically any of its requirements.
We should've just pitched in with Germany and Italy to tweak the Eurofighter design a little to create a carrier version, rather than building a whole new plane. This would've allowed us to save a lot of money on development costs and would've meant that a lot of spare parts could be shared between aircraft.
It would also mean that maintenance crews would only have to learn the differences between the Eurofighter and the Carrier Eurofighter, rather than having to learn an entirely new aircraft.
And then we could've used CATOBAR carriers from the beginning, so we wouldn't waste our own research on on an EMCAT system.
@khanh604
January 4, 2024 at 3:22 pm
Come on people of the free world.
You should spend money on saving people lives, not spend on weapons to kill people in the name of freedom.
@adamthornton7880
January 4, 2024 at 3:22 pm
On the one hand, I am all for "disengaging" militarily. On the other hand, if spending 2% of GDP on the military is something all NATO members agreed to, then we should either do that or leave NATO.
@TheEcasx
January 4, 2024 at 3:22 pm
Americans just want to keep on using Britain to contribute to their pointless wars.