let's work, brothers and sisters. hello on air international review international review event of the week chronicles facts comments. 15 years of the collapse of lehman brothers, lessons from the 2008 crisis , the consequences are still noticeable, the results of the g-20 summit, the global south raises the stakes

, materials from our program. elon musk or bees against honey, the responsibility of the inventor, a preliminary measure, ethical discussions of the last century, proson is the most fashionable cereal of this year for the same asphalt two-room apartments, i will explain. it's just that we have unrefined millet mainly offered for bird feed, but in vain, by decision of the un general assembly, 2023 was declared the year of millet . as an extremely nutritious and healthy product , the indian government lobbied for it, mainly and treated the participants of the group of 20 summit in new delhi with millet leaf chips with a scoop of yogurt and spicy sauce teapot jackfruit galette with wild mushrooms

pieces of millet red rice and curry leaves well, pudding and demand with the aroma of cardamom for dessert. that’s it, i don’t continue to work yet. is it any wonder that the results exceeded expectations india has much to congratulate. many assumed the possibility of failure of the meeting, non-acceptance of the final document, skeptics, salted indian diplomacy worked flawlessly, it is important that they found a consensus on the ukrainian issue, but perhaps more significantly, that the nature of the twenty is changing in new delhi , the twenty began a transformation from an organization in the center of which the seven structure, focused on the needs and teapot of the global south, the global south. don’t be comfortable when the seven monopolize the agenda and make it the core of conflict similar to ukrainian. he is important, but he cannot be at the center of everything india has led a fundamental transition in international

relations and has effectively asserted itself as the leader of the global south. india is now on the rise, everyone needs it, and its position, emphasizing equal distance, is the most advantageous and correct. india well understands the sensitivity of the ukrainian topic for russia and india, despite the pressure, firmly adhered to the line that the isolation of russia is not acceptable. it is the merit of both india and russia that at such a difficult moment and at a very important international event, we are really on the same side quite well, but we will once again emphasize the fundamental point of changing the content for the future, unless, of course, brazil and south africa, the next chairmen, are able to develop the seven that has been achieved. the west at the summit in new delhi realized the situation was different and did not interfere with the achievement of contentus. and they understand that they need to change their approaches for the future to take into account the interests of developing

countries. on all development issues, the center of gravity in the twenty is fundamental. if there was consensus did not reach, the twenty, in fact, would have broken up into the seven and brix, but india was able to build bridges. german cartoonist fachta of arab origin crisis no, i haven’t heard the successes of the twenty in the development of the world economy, burkhart, morr. another artist from germany, a drawing called a commercial agreement with a question mark, the world is divided on one side, seven, on the other, brix, the common table is broken. paris over view from pakistan a man who looks like the indian leader is trying to balance on the ropes. on them written climate, ukrainian crisis, food security. all the characters are quite recognizable swiss. ramses comes from

far away from the island of trinidad and the tabago figure is called the asian confrontation of heroes. you don’t even have to imagine everything so transparently yesin al-khali of syria against the background of the admission of the african union into the group of 20 on the table it is written you in africa the image is clear without words. the current twenty is significant for many reasons , one of them is the semicircular anniversary of the event, which turned the group of twenty into a full-fledged furu 15 years ago, the bank lehman brothers, one of the largest and systems forming financial institutions in the united states, went bankrupt ; the global financial crisis of 2008 broke out . the financial collapse of 2008 paved the way for the so-called great recession, a crisis in the world economy from

which different countries emerged at different times , and the consequences are still being felt today . the crisis in the united states began; housing prices rose in 2006, but then began to fall by this time financiers have already come up with virtual financial instruments. for them assets of the real sector of the economy were used. for example, you can mix bad and good mortgage loans and combine those into one security, which is secured by debt obligations. they are sometimes also called synthetic seats. oh, and they may not even be due to pathetic loans, but the risks associated with them. such assets were bought by investment banks, sometimes mixed with other debts and sold by a pension fund, but due to the overheating of the real estate market. their feelings dropped greatly, while the owner promised payments higher than those most corporate bonds as a result by the spring of 2007.

they turned into a toxic product of the pyramid. on september 15, 2008 , one of the largest investment banks in the united states, lehman brothers, announced its bankruptcy , followed by other american transnational banks, meryl, in a critical situation. lynch goldman sachs, morgan stanley and leading mortgage companies fanny mae and freddie merk. the debts of the last two were bought by the us government ; the bankrupt banks were partially absorbed by the banks of america. when the term appeared that attributed to the economist haymon minske tubik tufell, in essence, it means that these financial institutions. so significant that their fall means the collapse of the entire economy, so this cannot be allowed. following the united states , the entire world economy was severely impacted. for the first time since the second world war, gdp showed negative

dynamics; trade decreased, and the middle class suffered the most from this, according to bank credit estimates. suis, its share of world wealth has fallen and continues to fall, but for the rich. this is only 1% of the world's population owns half of all material world wealth and their share is only growing. the first meeting of the twenty at the highest level took place shortly in the fall of 2008 in washington, the goal was to calm down everyone was too scared , a joke, or the economy on which the whole world depends was under threat, the panic was extinguished, however, many believe that the consequences of the crisis have not been eliminated to this day. they were simply stopped for a long time, but 2008 drew a line under the global order, the heyday of which finally occurred in the past, the beginning of this century. and on the anniversary, let’s talk with yakov sergeyemko

head of the consulting company yakov and partners. yakov, in your opinion, enough lessons were learned from the crisis of the eighth year. the eighth year, of course, had a significant impact on the american economy in the first place, and then on the global economy due to the undoubtedly significant role of the american economy in the global national economy. there are estimates from the federal one of the banks that single-digit losses amounted to 7% of us output and for lin households, losses socially, there are 70,000 dollars in value. that is , it’s like an almost instantaneous higher such a figure that has disappeared from household incomes and economies. at the same time, with everything cleared , the conclusions and designations were regularly separated and the management model of the financial system was adjusted. risk assessments, stress testing. and in general. we can say that the american economy and finance

is a fairly large set of financial systems. overall it has become more. reliable one however , of course, the weak part was not preserved, which was actually shown by the recent crisis of three silicone or sikwich banks. first regulation was under trump, certain, which reduced the pressure of self-regulation. and for this reason, including those coming to the bank were below the control level of 250 billion for the asset of these requirements , so the regulator worked on them less strictly than the largest banks. the first decision is the second statement, and a whole year before this the regulator noted problem areas from the point of view of risk management and at the same time reacts to everything, it did not happen and it is clear that for this i am now a subject for discussion. what it turned out and what conclusions need to be drawn, but in general, uh, the case of these three banks, and the secret is born, that at the system level the issue was resolved,

but at the level of specific participants in the system , questions remain. march 13, 2023 became a black monday for the american banking system; the extremely rapid bankruptcy of three us banks, silicon welling forces verbergeit and signychang , with assets exceeding $300 billion, was a complete surprise. moreover, svb bank was consistently among the twenty best banks in america; its clients were companies high-tech specialists for silicon valley startups, believing that federal reserve rates would be stable svp, actively invested in securities, long treasuries, mortgage bonds in december last year , his investments. these securities accounted for more than half of all assets; compared to bank of america, this figure was less than thirty percent against the backdrop of record

inflation for 40 years. the russian federation has already begun to become. monetary policy has raised the rate several times since march last year. because of which the price of the bond began to fall sharply in order to save the situation svb announced the sale, state book on march 8 after the announcement of this news, svb clients began to withdraw funds from their accounts en masse the next day the bank announced a loss of almost $ 2 billion, shares collapsed by 60%, and the largest venture investment funds recommended withdrawing money from the bank as a result of march 10, the silicon valley bank declared bankruptcy, the collapse of the bank coincided with the news of the voluntary liquidation of another california bank. who worked in cryptocurrency and collaborated with crypto exchanges byno sues and cohen base, but literally a day later, on march 15 ,

the shares of the second largest swiss bank collapsed by more than 20% on the swiss stock exchange. credit suis is noteworthy that its main shareholder, the national bank of saudi arabia and audi national bank, refused to buy back the priceless paper. on the same day , trading in shares of the french sessiete general and the italian unicredit was suspended ; after the close of trading it became known that the swiss authorities are ready to provide liquidity to the credit suis bank, which is exactly what they did in the usa to save other large american banks. since the eighth year, everyone seemed to agree that the future governance of the world is a condominium of the usa china america, the so-called one, then they stopped talking about it. well, now it’s actually a strategic confrontation that we are now seeing is a reflection, of course, of the process of development of the world system after the cold

war, and to some extent throwing became an instrument of the us victory, a cold place to be pragmatically, he obviously helped the economic conditions that arose after he left, as he made it possible to reduce the social burden on the american economy , making it a big maneuver for capital, but at the same time, of course, there were quite a lot of advantages in this model in china. but now these advantages require additions. let's say the chinese five year plan is the last thirteenth fourteenth. they very clearly emphasize the translation to new principles of growth, which should not just be export- oriented, but should be simply high-tech, significantly greater than the degree of independence of foreign uh, federal participants, this means that the next step will actually take place , such a third step of finalization, as we say, yes, there is a transition to more financial capitalism in china and means that the value uh created by china will be result in completely

different assessments. this rune is the zone in which it used to compete. well, that’s how us monopoly and us companies actually considered themselves. this is the main moment of competition now, it should be noted that you imagine the twentieth year a large amount of finance is constitutional with uh, many funds, on the contrary, very firmly shifted their positions to china, including over the course of the reign they began to make an operating model of china for the sake of china , which candy wrappers reflects the strict confidence that in this phase china will begin quite aggressively. develop sectors that historically have been areas of additional competition for the united states , that is, the united states before. hear some goods, china was not engaged in technological exports. now something has changed, china he says that we need everything that, in principle, naturally, taking into account the internal political situation. china, uh, cdb came as the leader of the country primarily in order to ensure internal

political harmony in the country in the first place. yes, this is a new phase of all, remember when dc in the eighth year spoke about two principles, when they listened to you, the government should develop first, even, maybe with me the lag in the development of the western provinces, that is, the coastal zone, is just in the development phase, like times the first wave regarding the us and china then made a statement, which was born in the ninth year, and said that the 21st century is a strategic task for the development of western governments. and at this point , the gap in regional incomes should be three times between the eastern-west of the province and , in fact, the next 20 years, in which we are now seeing this systematic movement toward leveling out. little controversy in china , including the chinese initiative, which is the one way, which is now so exciting for many uh international observers and many in the united states is perceived as a competitive task and such a blow to the hegemony of the united states is in fact the task of developing the western province of china primarily

in order to ensure sales in the context, well, in the world of competitive products traditionally from these regions, central asia is the average ideal fit for the market. well, there is a point of view that the crisis of the eighth year showed the vulnerability of capitalism, in general in its modern form. if so, how will the model change? here, uh, before through called long horizon. and if you look, these are actually reforms of capitalism, such a liberal model and a little governmental , let’s say yes and at the same time, with everything, each of these models in the limit has its own limitations, of course, fit. this was the model that launched the movement, uh, just the liberal capitalization of the united states in the first place. we are now seeing the consequences for american economic social stability. yes, we see that at the president’s speech on air. he said he was out of life 74 years in the middle this year. so this, in principle, is not much different, even the lives of men in america

there are 2 years apart. if you think about it, the last time this happened, it was in the seventies, that is, in fact, america was more likely to inform during this period of time. in the social context, it has not increased, that is, the life expectancy of the social health care structure. look, many things were missed, but on the other hand they were created as a prerequisite for ross's capital to invest to develop global. this is an obvious plus combination with minus justice, while with all the feeling of growth and well-being in the middle class, which arose in the first stages of development, also began to disappear, and we see this question, very recently a question came out that von soros tried to organize around the world, and about that that young people are disillusioned with the protective degree of liberal values. well, it’s still the majority, but already the significance of 42 percent of young people around the world remember correctly, this is significant for liberal economic

countries. now if you look at it in chinese models. it, of course, combines significantly more, well, about the universe component and a large amount of proactive movement on the part of the state , balancing interest, but again traditional criticism. such a model that the manager actually becomes the main decision maker is a fairly condensed form of control. they are of such a narrow group nature and, as a consequence, too. oh, this is a loss, but the feeling of justice among the people and a set of problems arises only from the point of view of efficiency in this sense. here. me too again i think e clawshup put forward condor capitalism in its time. i remember myself correctly there. this is not me ten years ago, if you look at it, it’s practically a hypothesis of how models can converge in you, how it can happen. so more than one target group, either the state or shareholders, will become significant for business, and we

partially see this in those decisions and events and the hd agenda. green economy of arabia of different groups. these are partial prototypes, maybe i’ll say no, a few, but also the statement that began there in the word, that is, capitalism. uh, this concept also involves a long-term view of business profit as rather a tool or an end in itself tools in order to increase the overall well-being in the economic system , there was a discussion about image and what is clean food? well, now the big problem, the global one , will obviously be without food security. you can say something is just reducing co2 emissions. but you can say it differently, no. in fact, let's ensure biological diversity has equal access for everyone categories of the population and a balanced ecological system, the first part that supports. uh, securing the food economy system. that is, now we are entering a zone where capitalism will be more and more in the zone of discussions,

including disputes about what there really is a model that will reflect the principle of justice. it seems to me that we generally speak out if the historical effectiveness there is yours. that's just freedom was an important category of honesty, speaking zones. uh, some years when justice there will be such an important category, and we will have how to find solutions here 15 years ago. we could not even imagine an economic war. the scale that is happening today. isn't it time to put it up? the cross of globalization costs economic growth. yes, if you look at the comparison of the periods of post-war growth, then the period of the cold war, and so on, the era of confrontation, and then the era of free markets, we will call it conditionally, which ended, probably with the pandemic , after all, when it became clear that international institutions were not a problem. solved a global problem. all countries respond to such a national model. that is, in this sense, what is happening now is a point of tension. there is a reflection

of a longer pattern that needs to be looked for, as if the reasons for this are definitely not recent years. i think really. we will now watch lower. you just say enough that globalization is gone, it’s probably pointless. i ’ll just say a small number, which seemed to me to be a fairly bright reflection. that is, if free news comes out now, green, economy, the goal of which was to get rid of dependence on hydrocarbons and depending on all kinds of dictatorial regimes. i now put the word dictatorial in quotes, but because there are political arguments. yes, so 80% is conditional. battery accumulators for electric vehicles and new energy all over the world, plus almost the main part there , uh, connected, well, in general, it represents china. and in this sense, what was the dependence was on hydrocarbons to the old economy. i have become dependent on china for the supply of components bases from china and there are more such issues than one, so to say that last

year us imports from china was a record. as a special case, we see a decrease in direct investment, but many, many parameters indicate that cooperation will continue. thank you. we talked. i’m coming to you sergienko , the crisis has hit the global economy, but above all, ordinary american women, gulya however, this is a fiction. cunning bees rush to the rescue eruption dmitry vershinin this is a new frame. i just filled out the box recently. and now i look how much honey is there mikendrick, inspecting his hives, the harvest is larger than usual at this time of year, the bees are preparing for winter, but in this hive the plan was exceeded mike says this year it turned out to be very sweet, like a washing machine you start slowly and gradually increase. speed ​​amateur beekeeper mike is a typical representative of the american generation baby

boomer was born in the fifties and worked all his life as a miner, mining engineer and builder. yes, even in retirement he cannot sit idle, when the coal industry flourished. we repaired coal mining machines. i was also busy with chemical production , which was hard. and even now it’s not easy. you keep waiting for coal mining to return to your life, but the years go by, and this does not happen. west virginia is the heart of the american industrial bloom. iron and coal mining were at their peak 10 years ago, however. gas and fracking made coal financially ineffective. the mines were closed one after another by the miners. lost their jobs mike took up farming and beekeeping someone has to produce food. you're just looking at your own people neighbors, you learn from them and you understand that the main thing is not to stop. you have to constantly do something. one of the poorest states in the country today is desperately trying to shake off the legacy of the coal-iron period.

west virginia is completely covered in mountains. today it positions itself as a place for active recreation of floriculture and bees . the lack of endless fields, long mountain ranges make the state unsuitable for industrial agriculture. this means pesticides, including the main killer of bees, not cytinoids. almost none here, last 2 year there has been a sharp surge in interest, especially among young people, people register in clubs and borrow books on beekeeping from the library. they want to do something with their own hands, they want to get out of the virtual. and you see that bees are the connecting link between plants and animals the state beekeeper travels throughout west virginia with inspections and lectures to prevent diseases in time to prescribe an antibiotic to suggest what to do when there is no queen shonda knows everything about the world of these amazing insects with a complex hierarchy and clear distribution duties, inside the hive, nectar of the hive, it’s

like fresh vegetables that the bees need to preserve, and the honey is sealed with wax. this is a preparation for the winter, the bees bring pollen on their feet, add winter and lactic acid to it and ferment it, bob spencer's amazing apiary, the owners of the hive company, bob's company ships dozens of new hives every month, all over the country. god is especially proud that the wood and labor are all local and west virginia and for areas with cold winters the hive has been improved. insulation in the hive turned out to be a warm box, which allows the bees to do their work in the cold season and during temperature changes , instead of gathering in a swarm and warming up, according to various estimates of west virginia, several thousand amateur beekeepers. they hope that honey extraction will be replaced by mining and make it the honey center of america dmitry vershinin west

virginia usa especially for international viewing. in history books, the 2008 crisis will take its place in the series of events in the first third of the 21st century that accompanied the dismantling of the old world, from the attack on the world trade center in 2001, another anniversary that was remembered this week, to the outcome of the ukrainian crisis. what will it turn out to be like? when will it happen that historians will be interested in in retrospect? well, and even more so for us as eyewitnesses and participants of the denouement that is yet to come, and the moral dilemmas with the denouement associated after the advertisement. don't go. your friends are our friends. recommend

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