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Author Michael Lewis on writing, grief, and Sam Bankman-Fried | 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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@user-wq6sz7vt3w
January 12, 2024 at 6:10 pm
Yawnnnnnnn!
@MSMRSCUMPIGFUKR
January 12, 2024 at 6:10 pm
YAWN AS FU.CK
@AGoodGiggle
January 12, 2024 at 6:10 pm
He's a hack.
@SusanButcher-pr2ft
January 12, 2024 at 6:10 pm
Brilliant!!!
@notjustforhackers4252
January 12, 2024 at 6:10 pm
Meanwhile… mass protests in Poland. Such a waste of space BBC ain't you. Disinformation by omission…. just like the farmer protests in the EU.
@bobtudbury8505
January 12, 2024 at 6:10 pm
no bbc content here re the post office ……..you interviewed stammer who claimed on 3 cases went through the cps ….it's now up to 99, and you let this socialist rubbish off, you fake news rubbish
@user-iu7ec6je1g
January 12, 2024 at 6:10 pm
OT: Benny Hill considered funnier than Monty Python by two TV stations–WOR and WLVI!
@grandmashirley6604
January 12, 2024 at 6:10 pm
Grandma Shirley is expert on writing and reading and these nellies probably don't even know how to rite properly
@michael2275
January 12, 2024 at 6:10 pm
He screwed up this take INCREDIBLY BADLY. Will never read his work again.
@i.kneopoint8382
January 12, 2024 at 6:10 pm
Grief is an evil feeling .the opposite of Gratitude!
Stop spreading grief start Being a Being full of Gratitude!
THAT WHAT YOU SOW WILL YOU REAP!
So Sow Gratitude and Reap more Gratitude!
@Emely-zh5il
January 12, 2024 at 6:10 pm
Charisma that leaps off the screen; the host is a magnetic force, pulling us into the conversation.🍓
@DavidSaurel
January 12, 2024 at 6:10 pm
Welche Filme oder Bücher haben dich zum Nachdenken gebracht?💋