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The Elders: What kind of world will our leaders leave for the young? BBC News
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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Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
#BBCNews
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@briankamras2913
January 18, 2024 at 10:25 am
Millennials are screwed. Politics and economy will change radically before any progress will be made by us.
@lloyddavies1058
January 18, 2024 at 10:25 am
What kind of World ?
I would like to think a better one (and have thought so) BUT~ One where each person is valued for its one voice, is definitively out of the question. not because no one wants to ask BUT~ because all of you have been spoon fed the idea that SOMEONE ELSE will do it for you.
Consequently…. such a World…….[ F@£$%^king~ Heros in other words~ ALLWAYS with a BUT … pay me 1st]
@BBCNews
January 18, 2024 at 10:25 am
Kofi Annan and Jimmy Carter face a panel of under-25s on BBC News at 15:00 GMT. Tweet questions using #EldersDebate http://www.bbc.co.uk/mediacentre/worldnews/2015/elders-debate