however, beijing bass, professor benjamin charles says that such demonstrations don't translate public opinion. there was a 1400000000 people in china and there were just one or 2 incidents recently or protesting against a leader through government id for a debt. occasionally i think it is not a big deal. i thing the chinese people are the chinese communist party is really deeply loved by the deed, a chinese people and dow close to 100000000 communist members right now in china so far, i think prison, cg pin is really a charge and he's on top of at the 3 point now i it is very stable. oh big you more of our special coverage of the case um its in beijing in the days to come. so do stay tuned. ah, well, this week witness to washington's clash with react to following saudi arabia's claims that the biden administration asked for a one month delay to the opec plus decision to quotes oil production. but the timing must almost perfectly with the midterm elections in the u. s. on the 8th of november, we had explained white rejected the appeal the government of the kingdom clarify through its c

however, beijing based professor benjamin charles says that such demonstrations do not reflect overall public opinion. for less now, across live to victor, gao, vice president of the china, the sensor for china and globalization. a very good morning, c, a from moscow weeks ago. thank you very much for having me. was great. have you with us? and now just to start off, what are the most important messages that we can take away from the chinese presidents speech in that 20th congress? well, this lonely ingredient time privilege. she gave a very important speech at the beginning of the time to the congress, which is one of the most important events, not only for china, of all mankind as a whole. his speech is very far right lasted for about 105 minutes even told whole . and he talked about 15 different categories of issues and view the situation of the past 5 years after 10 years. and the whole cast is into the future 5 years as well as all the way up to 2035 and also to the middle of the 73, and beyond. so this is very, it's all the touches upon almost everything that i'm, it's crazy. no,

however, beijing bass, professor benjamin charles, says, such demonstrations don't reflect public opinion though. 1.4000000000 people in china and there were just one or 2 recently protesting against the leader of government id a debt occasion. although i think it is not a big deal. i thing the chinese people, the chinese communist party is really deeply loved by the deed, a chinese people. and there are bo, close to 100000000 communist members. right now, in, in, in china so far, i think presidency g p is really in charge and he is on top of answering port. now it is very stable. we'll bring you more of our special coverage of the key. so it's engaging in the coming days. so, due to due, stay tuned for that ah, in, earlier this week, russia federal security service said that ukrainian military intelligence were behind the crimean bridge bombing the f s b. so the 8 people i've been arrested in connection with the attack. and the agency also says the exposes, were headed in a truck carrying roles of plastic sheeting using the construction industry. the explosive device was camouflaged insi

benjamin rush, by charles wilson peel, the artisan turned artist. remember peale and paine are both fighting in the american revolution. timothy mattlach and the committees, the committee of privates is writing this, they're helping to write this constitution. this constitution also gave people broad voting rights. so, in pennsylvania, there was no property requirement for the vote. all you have to do is own yourself, if you are a free person, you can vote. so, this excluded the enslaved, it excluded apprentices, so if you're in an apprenticeship or contract like that you are not viewed is totally free. there is a lot of apprentices in the militia. so apprentices really pushback about this. in the end, they reached compromise to exclude them. thereafter, the motion didn't enroll apprentices, they weren't allowed to be in the militia and certain committees. this meant that people of color voted. there was no race or ethnicity mentioned. pennsylvania also made naturalization easy. you only had to reside in the state for one year to become naturalized.

benjamin rush. by charles wilson peel the artisan intern artist, you know, remember peel and pain are both fighting the american revolution. those rush has a staff appointment. timothy matlack and the committees they're the ones who are writing, you know, the committee of privates is writing this. is helping to write this constitution. the constitution also gave people broad voting rights so in pennsylvania, there was no property requirement for the vote. all you had to do is own yourself if you are a free person. you could vote. so this excluded the enslaved it excluded apprentices. so if you're in an apprenticeship or contract like that, you're not they were not you're not viewed as totally free. and actually there were a lot of apprentices in the in the militia. so apprentices really pushed back about this but in the end this campus they reached this compromise to exclude them and thereafter the militia didn't enroll in princesses. they weren't allowed to be in the militia and serve at these sorts of commit

benjamin rush. by charles wilson peel the artisan intern artist, you know, remember peel and pain are both fighting the american revolution. those rush has a staff appointment. timothy matlack and the committees they're the ones who are writing, you know, the committee of privates is writing this. is helping to write this constitution. the constitution also gave people broad voting rights so in pennsylvania, there was no property requirement for the vote. all you had to do is own yourself if you are a free person. you could vote. so this excluded the enslaved it excluded apprentices. so if you're in an apprenticeship or contract like that, you're not they were not you're not viewed as totally free. and actually there were a lot of apprentices in the in the militia. so apprentices really pushed back about this but in the end this campus they reached this compromise to exclude them and thereafter the militia didn't enroll in princesses. they weren't allowed to be in the militia and serve at these sorts of commit

in 1918, having charles young being the highest ranking african-american to be promoted to full bird colonel, and in 1940, benjamin davis senior, one of charles young's mentees, being promoted to brigadier general. in looking at the timeline, you have a series of progress. this is where when i am talking about hope and darkness, there is progress because of the fact that this was not something that happened in isolation. these were consisting campaigns the african-american community fought for. they fought to have african-americans included at west point and at the naval academy. naval academy took great pride in the fact that they forcibly pushed out all of the black people who attempted to graduate. there were only three black graduates who made it out of west point. and having henry plummer as well as getting charles young promoted and eventually having been davis be promoted to being the first general. all of these things are part of a long progression of activism within the african american community to push for a consistent promotion of black soldiers and officers in the military. ok. going forward, when thi

assert their citizenship and in 1918 having charles young being at the highest ranking african american promoted to full bird colonel and in 1940's excuse me, benjamindavis senior one of charles's former mentees being promoted to brigadier general. so looking at this timeline, there is a progress, right? this is where i'm talking about hope and darkness. there is progress, because of the fact that this was not something that happened in isolation, these were persistent campaigns at the african american community fought for. they fought to have african americans at federal institutions and -- forcibly pushed out all the black -- that i'm to graduate from indianapolis. so there were only three black graduates who made it out. and then, having henry plummer as well as getting -- promoted and eventually having henry van davis promoted to being the first general, all of these things are a part of a long tradition of activism and in the community to push for consistent promotion of black soldiers and officers in the military. okay. going forward, when thinking about these questions and thinking about this legacy that is being defined, it is important to r

charles: i have that chart. discount the cash flow, intrinsic value of market. folks say this is the bottom line. how you invest, how you make money, sort of the benjamin of thing but a lot of guests say it is still too high. come down from 28.7 to 16.3. only a few times in history it has been this low. at least we're getting close to fair value, right? >> i think we are and if you think about it the two-year yield has gone from near zero to 4 1/2 or higher. that is a very, very big move in the fed funds from zero to potentially five, that typically the fed does not really move rates much beyond that and remember this fair value concept where you apply a discount rate to future earnings to get to a present value that is a moving target that can move in both directions. so far this year for the last nine months it has been moving in the downward direction and the market constantly struggled to kind of catch up to that lowering level. charles: right. >> but at some point, let's say inflation really does roll over in a big way the fed could just say, instead of five we're going to only four 1/2. that just half a point would make a huge difference in that