, the development banks, financial development, you know, banks.e borrowing from, you know, african ex-im bank, nigerian bank. david: so when it's all said and done, though-- aliko: but we're borrowing, i think--roughly about 55% and we're funding the re of it. david: what is it gonna cost to build a refinery? aliko: for now, it's gonna cost us about $12 billion. david $12 billion? aliko: yes. david: so you're putting in a fair bit of it yourself. aliko: we are putting, you know, almost, you know, half of that. david: so do you ever get worrd at night that that's a lot of money to have in one asset? aliko: ah, i don't get worried because we've done our numbers and we believe that it's going to work. it's to create ability to transform the nigerian economy. and, you know, we'll have the petrochemical, which we are doing, and, you know, that will have us to have about 1.3 million tons of polypropylene and polyethylene. so it is going to really change the entire economy of, you know, nigeria. so can the imports of petroleum products and also exporting

bridge loan from 3 european countries which will allow it to settle its debt for the african development bank it's sudan's latest step in settling $50000000000.00 of debt pray sudan's recent sweeping economic reforms. general motors has reported higher 1st quarter profits despite a shortage of computer ships that has slowed global auto manufacturing the u.s. government says it hopes taiwanese chip manufacturers will allocate some of their supply to american companies. the rocky road to ratification just got rockier the e.u. has shelved its efforts to win approval for its massive investment deal with china after tit for tat sanctions were imposed over beijing's treatment of its weaker population european commission vice president valdis dombrovskis said choose day that future efforts to ratify the deal depended on how broader you china relations evolves the investment pact was pushed through by german chancellor angela merkel in december but had been expected to face opposition in the european parliament. now amid this atmosphere of growing mistrust the european commission is also moving to ti

bridge loan from 3 european countries which will allow it to settle its debts with the african development bank it's sudan's latest step in settling $50000000000.00 of debt the bank praise sudan's recent sweeping economic reforms. general motors has reported higher 1st quarter profits despite a shortage of computer ships that has slowed global auto manufacturing the u.s. government says it hopes taiwanese chip manufacturers will allocate some of their supply to american companies. the rocky road to ratification just got rockier the e.u. has shelved its efforts to win approval for its massive investment deal with china after tit for tat sanctions were imposed over beijing's treatment of its weaker population european commission vice president valdis dombrovskis said choose day that future efforts to ratify the deal depended on how broader you china relations evolves the investment pact was pushed through by german chancellor angela merkel in december but had been expected to face opposition in the european parliament. now amid this atmosphere of growing mistrust the european commission is also m

sanitation as a cost to thinking about it as a business opportunity we've worked or the asian development bank and world bank to understand the economic potential a thriving sanitation economy marketplace so we looked 1st and foremost at india as an example and what we found is that there's a market opportunity at $97000000000.00 u.s. dollars in $22.00. 1. another big aspect of the future sanitation economy is innovation so the sanitation crisis is multifaceted and there are many solutions that need policy and financial interventions but there are still some areas many technologies needed relatively speaking since the great stink not all that much has changed in how we handle sanitation but another pressing global issue is pushing activists and scientists to rethink the status quo. climate change as climate changes this can be even more challenging facilitation because for example if flooding increases then where people are relying on sites on the trains washed out the contents of pit latrines what amount of the street well they're going to cause a health hazard but was can destroy the water p

the africa development bank considers or defines africa, middle class as those ironing high income relative to average. and those are individuals with an annual income exceeding about $4000.00 us dollars in purchasing power. and the strongest countries that have robust and growing private sector as those that tend to have the higher number of middle class individuals and to nice in north africa has the highest concentration of middle class in north africa. and they are also very susceptible to economic shocks. and so the reason why businesses depend on them so much is because they have a higher purchasing power at across the african continent. we also have a high concentration of, of, of middle class citizens in gun, in kenya in botswana, born in south africa as well as my area. but then again, the, our major me entrepreneurs who are boosted by the growth or robustness of the private sector in the different african countries joy this pandemic has thrown the middle class into turmoil across the world. is there a feeling in africa that this shift could be long lasting? there is a perception t

the africa development bank and consider as or defines africa, middle class as those ironing high income relative to average. and those are individuals with an annual income exceeding about $4000.00 us dollars in purchasing power. and the strongest countries that have robust and growing private sector as those that tend to have the higher number of middle class individuals and to nice in north africa has the highest concentration of middle class in north africa. and they are also very susceptible to economic shocks. and so the reason why businesses depend on them so much is because they have a higher purchasing power at across the african continent. we also have a high concentration of, of, of a middle class citizens in ghana, in kenya, in boats. when a good born in south africa as well as nigeria, but then again the, our major me entrepreneurs who are boosted by the growth or a boston. this of the private sector in the different african countries joy this pandemic has thrown the middle class into turmoil across the world. is there feeling in africa that the shift could be long lasting?

also money to its help section the what's a hit in project was called financed by germany's development bank k f w it's prime minister. says improving public health is a major part for his government he believes it's key to the country's development well when we put health. we had to build the clinics we had to build infrastructure and in that process all apartments were tapped into that tradition ship and they said we can come and help you and that is the essence of development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to accompany it's constructed a large solar plant in its what. you can do a naturalistic days alternately not directly but indirectly you can get a final commercial grind out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile nasa says the clean water makes the job easier for independent thanks to the new hydrogen measures it's also much safer for head and the hot water for survived jus

is also money that is what section the what i hit in project was call financed by germany's development bank k f w. prime minister. says improving public health is a major part for his government and he believes it's key to the country's development when we put her. we had to build the clinics we had to build infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to a company is constructed a large solar plant in is what. you can do a naturalistic date by alternately not directly but indirectly you can get a final commercial gain out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile mess well i mean he says the clean water makes the job easier for independent thanks to the new hype in measures it's also much safer for her and the what more time has arriv

well it is also money to suction the water hits in project was called financed by germany's development bank k f w. prime minister. says improving public health is a major party for his government and he believes it's key to the country's development when we put health. we had to build the clinics we have to build infrastructure and in that process all apartments were tapped into that tradition ship and they said we can come and help you and that is the essence of. development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to accompany its construct and a large solar plant in its what. you can do a naturalistic days by alternately not directly but indirectly you can get a final commercial grind out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile the mini says the clean water makes their job easier independent thanks to the new hydrogen measures it's also much safer for half and the hot water has arrived

groundwater is well is also money to suction the water hits in project was financed by germany's development bank k f w. prime minister. says improving public health is a major part for his government he believes it's key to the country's development when we put health. we had to build the clinics we had to build infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of. development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to accompany its construct and a large solar plant in is what. you can do a naturalistic days by alternately not directly but indirectly you can get a final commercial grind out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile the i mean he says the clean water makes the job easier in the pandemic thanks to the new hike in measures it's also much safer for head and the hot water last arrived ju

well is also money that is up section what's a hit in project was called financed by germany's development bank k f w. prime minister. says improving public health is a major part for his government and he believes it's key to the country's development when we put health. we had to build the clinics we had to build infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to a company is constructed a large solar plant in the swat team. you can do a naturalistic day's alternately not directly but indirectly you can get a final commercial grind out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile mean he says the clean water makes the job easier in the pandemic thanks to the new hike in measures it's also much safer for head and what more time has arrived just

is also money that is what section the water hit in project was called financed by germany's development bank k f w. y minister temba masuk or says improving public health is a major priority for his government and he believes it's key to the country's development when we put health. we had to build the clinics we had to build our infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of. development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to accompany this construct and a large solar plant in its what senior. you can. do in and out true istic deeds by alternately not directly but indirectly you can get a final commission out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile. he says the clean water makes the job easier and a 100 times to the new height in measures it's also much safer for head and the time h

well is also monitor is have section what's a hit in project was called financed by germany's development bank k f w it's what team is prime minister temba masuk org says improving public health is a major priority for his government and he believes it's key to the country's development and when we put health. we had to build the clinics we had to build infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of. development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to accompany this construct and a large solar plant in is what tina. you can. do it now truest dick deeds by alternately not directly but indirectly you can get a final commission out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile. says that makes the job easier independent thanks to the new hygiene measures it's also much safer for head and more ti

well is also monitor is what section the water hit in project was called financed by germany's development bank k f w it's what team is prime minister masuk or says improving public health as a major party for his government he believes it's key to the country's development when we put health. we have to build the clinics we have to build infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of. development corp the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to accompany its construct and a large solar plant in is what tina. you can. do it now truest dick deeds by alternately not directly but indirectly you can get a final commission out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile. he says that makes the job easier independent thanks to the new hype in measures it's also much safer for head and time to survive just

and if you look at the latest data from the african development bank, what's happening is that the import bill is actually increasing and not going down and used to be that 1000000000. if she has a goal, i've had, you know, numbers that are approaching close at 200. so, so what we need to do is to completely re enable africa food production capacity to meet the needs of, of africans. and i think it requires more than just basic, you know, household food security. it requires interventions on the research side. oh, and the input provisions side on the mechanization and also and how much of and okay so so mind. yeah. it's talk about how technology specifically mobile phones can play a role in all of this? well, i think, i mean, that's something i'm personally very excited about because in the work that i do, we've seen real value in how, you know, mobile technology, digital technologies can actually be very transformative. i'm a defend view that digital is the great equalizer. if we look at what we've been able to achieve with digital technology and financial services with, you know, tools

we've worked with the asian development bank and world bank to understand the economic potential of a driving sanitation economy marketplace. so we looked 1st and foremost that india as an example. and what we found is that there's a market opportunity of $97000000000.00 us dollars in 2. 1, allow me another big aspect of the future sanitation economy is innovation. so this on taking crisis is multifaceted and there are many solutions that need policy and financial interventions, but also when the technology is needed, relatively speaking, since the great thing, not all that much has changed and how we handle sanitation. but another pressing global issue is pushing activists and scientists to rethink the status quo climate change climate change if this can be even more challenging for sun attention. because for example, if flooding increases, them when people are relying on on site connotation, or pivoting love can walk out the contents of pit latrina was the ones in the state . well, who they're going to call a help? posit blood losses can destroy the water pipes and other infrastruct

developing countries . the people with the fire power or the i m f, the world bank and to reach no development banks. i don't see them at this current . they have to fire power to, to really deliver on this very ambitious program. so one of the things that would be needed is to give them a lot more money. ma'am, there's a lot of discussion and debate around the issue of the new technologies that would be needed in order to try to reach net 0 emissions. are those new technologies actually with us now? because there are some who say that they have been developed, that they are in the prototype stages. then there are others that say that know, this is very much something that's in the future. so let me ask you, have some of these technologies actually been fully developed and are they ready to roll out? well, i think that's actually one of the very encouraging messages in the report from the agency, right? that the very to the state that the technology is we need in order to turn this transition is already they are, some of them may not be at scale may be further developed. but the base of the ologies a

sanitation as a cost to thinking about it as a business opportunity we've worked with the asian development bank and world bank to understand the economic potential a thriving sanitation economy marketplace so we looked 1st and foremost at india as an example and what we found is that there's a market opportunity at $97000000000.00 u.s. dollars in 20. 1. another big aspect of the future sanitation economy is innovation so the sanitation crisis is multi-faceted and there are many solutions any policy and financial interventions but there are still some areas many technologies needed relatively speaking since the great stink not all that much has changed in how we handle sanitation but another pressing global issue is pushing activists and scientists to rethink the status quo. climate change as climate change is this can be even more challenging facilitation because for example if flooding increases then where people are relying on sites on the greens and wash out the contents of that latrines what amount of the steak well they're going to cause help. but was is can destroy the water pipes and oth

we've worked with the asian development bank and world bank to understand the economic potential of a driving sanitation economy marketplace. so we looked 1st and foremost that india as an example. and what we found is that there's a market opportunity of $97000000000.00 us dollars in 2021 alone. me another big aspect of the future sanitation economy as innovation. so this on taking crisis is multifaceted and there are many solutions that need policy and financial interventions. but also from when you can knology is needed relatively speaking, since the great thing, not all that much has changed and how we handle sanitation. but another pressing global issue is pushing activists and scientists to rethink the status quo. climate change climate change is this can be even more challenging for attention. because for example, if flooding increases, them where people are relying on on site connotation, okay, between blood can walk out the contents of pit latrina was the ones in the state. well, who they're going to call a help? posit losses can destroy the water pipes and other infrastructu

we've worked with the asian development bank and world bank to understand the economic potential of a driving sanitation economy marketplace. so we looked 1st and foremost that india as an example. and what we found is that there's a market opportunity of $97000000000.00 us dollars in 2021. allow me another big aspect of the future sanitation economy as innovation. the service on taking quite a multifaceted and there are many solutions that need policy and financial interventions, but also from when the technology is needed, relatively speaking, since the great thing, not all that much has changed and how we handle sanitation. but another pressing global issue is pushing activists and scientists to rethink the status quo. climate change climate change is this can be even more challenging for us on a taishan because, for example, in flooding, increasing them where people are relying on site connotation. ok between blood can walk out the contents of pit latrina was the ones in the state. well, who they are going to cause a help? how's it was? this can destroy the wolf, the pipes and oth

sanitation as a cost to thinking about it as a business opportunity we've worked with the asian development bank and world bank to understand the economic potential a thriving sanitation economy marketplace so we looked 1st and foremost at india as an example and what we found is that there is a market opportunity at $97000000000.00 u.s. dollars in 2021. another big aspect of the future sanitation economy is innovation so the sunnah taking crisis is multi-faceted and there are many solutions that need policy and financial interventions but there are still so obviously any technologies needed. relatively speaking since the great stink not all that much has changed in how we handle sanitation but another pressing global issue is pushing activists and scientists to rethink the status quo of. climate change. as climate changes this can be even more challenging facilitation because for example if flooding increases then where people are relying on sites on the trains and washed out the contents of that latrines what amount of the state well they're going to cause help. but watch this condition. and o

is also money that is what section the water hit in project was called financed by germany's development bank k f w it's what prime minister. says improving public health is a major party for his government and he believes it's key to the country's development when we put health. we had to build the clinics we had to build infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of. development corporation and the clinic project was implemented by a german australian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to a company is constructed a large solar plant in its what tina. you can do a naturalistic deed by alternately not directly but indirectly you can get a fine commercial grind out of that that's good business good sense but also that's being a good corporate citizen as well. meanwhile. he says the clean water makes the job easier for independent thanks to the new hype in measures it's also much safer for haiti and the what

well is also monitor is up section the water hit in project was called financed by germany's development bank k f w. prime minister. says improving public health is a major priority for his government and he believes it's key to the country's development when we put health. we had to build the clinics we had to build infrastructure and in that process all apartments were tapped into that relationship and they said we can come and help you and that is the essence of. development corp the clinic project was implemented by a german austrian company 10000 people already have access to safe water every day and soon schools will also be provided with hot water to accompany its construct and a large solar plant in its what tina. you can. do it now truest dick deeds by alternately not directly but indirectly you can get a final commission out of that that's good business good sense but also it's being a good corporate citizen as well. meanwhile. he says that clean water makes the job easier independent. today a new height in measures it's also much safer for her and what more time has arrived just in

he's critical of the government for ignoring a study by the inter-american development bank., greater help for women needing to escape from violent situations. mar improvements in police procedures including more sensitivity and swifter action. better public information campaigns and education about violence against women. >> you see more of the progression types of initiatives in the coming of justice system and society at large. certainly from the side of the public, there appears to be a lot of willingness. the politicians don't seem to want to engage with some of the more advanced types of thinking and approaches to dealing with the program. >> we want justice! we want justice! reporter: requests to discuss with the prime minister went unanswered. and what so see as an abrogation of responsibility, the islands police chief has urged women to do more to save themselves. >> there's nothing agast a woman having a firearm. a firrm is something that can be an asset to you. reporter: experts warn that women using guns could find themselves in trouble because the right to self p

nobody is making them use that money on buybacks instead of plowing it back in with research and development. bankerica announced $25 for the workers and recognize that your workers are what makes these profits in the first place. >> that cares oversight committee from last year still doesn't have a chairperson. new york, the center of the pandemic, is dropping all remaining restrictions today. we'll take you to times square as businesses there are navigating these big and positive changes. communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change. faster. vmware. welcome change. you're clearly someone who takes care of yourself. so why wait to screen for colon cancer? because when caught in early stages, it's more treatable. i'm cologuard. i'm noninvasive and detect altered dna in your stool to find 92% of colon cancers even in early stages. tell me more. it's for people 45 plus at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your prescriber or an online prescriber if col

and if you look at the latest data from the african development bank, what's happening is that the input bill is actually increasing and not going done and used to be that 1000000000. if she has a goal, i've had, you know, numbers that are approaching close at 200. so, so what we need to do is to completely re enable africa food production capacity to meet the needs of africans. and i think it requires more than just basic. you know, household food security, it requires interventions on the research side and the input provision side on the mechanization and also and how much of it. okay, so, so manager, let's talk about how technology, specifically mobile phones can play a role in all of this. well, i think, i mean, that's something i'm personally very excited about because in the work that i do, we have seen real value in how you know, mobile technology, digital technologies can actually be very transformative. i'm a defend view that digital is the great equalizer. if we look at what we've been able to achieve with digital technology and financial services with, you know, tools like and

and what we see right now is financing through multi-development banks that have put forward tend tolions in vaccine financing that is having trouble translating it into deals. so we are working with covax to find some ways to aggregate that mdb in a more coherent way so that it's not every country pursuing its own deals but rather partnering and consolidating around the larger scale procurement mechanism. ideally through regional level efforts. and finally, this will be an important part of the equation. we see the announcement to share 80 million u.s. doses as a really important step. we have a significant share going through covax. that will be an important means of bridging critical supply gaps that covax is facing now caused by the disruption of indian vaccine exports. but regardless of how much vaccine gets produced and how many vaccines the u.s. and other countries are able to send, ultimately, the impacts depends on getting shots into arms. that's why we are investing resources in country readiness and deployment. so u.s. aides have already provided $75 million of new funding

we are withholding support for new lending from the multilateral development banks that does not address basic human needs and asking our allies to do likewise, the secretary of state is taking steps to impose these are restrictions on the opium, an era tray, and government officials and power regional and irregular forces and members of the p p. f, who are impeding the resolution of the crisis blocking humanitarian access. committing atrocities should those stoking the conflict fail to reverse course ethiopia in eritrea should anticipate further actions. it cannot be business as usual in the face of the violence in atrocities and te, greg tragically, well today is the worst. the conflicts need is only one of them from attacks on ethnic m horns and the moves and banish and go go, moves ethnic romo and horns and romeo to violence between people in the far and molly regions to the multiple conflicts and folding in the southern nations. nationalities and peoples legion, ethiopia is at a turning point. the government's responsive mass arrests, media restrictions, human rights violations. dec

and what we see right now is financing through multi-development banks that have put forward tend tolions in vaccine financing that is having trouble translating it into deals. so we are working with covax to find some ways to aggregate that mdb in a more coherent way so that it's not every country pursuing its own deals but rather partnering and consolidating around the larger scale procurement mechanism. ideally through regional level efforts. and finally, this will be an important part of the equation. we see the announcement to share 80 million u.s. doses as a really important step. we have a significant share going through covax. that will be an important means of bridging critical supply gaps that covax is facing now caused by the disruption of indian vaccine exports. but regardless of how much vaccine gets produced and how many vaccines the u.s. and other countries are able to send, ultimately, the impacts depends on getting shots into arms. that's why we are investing resources in country readiness and deployment. so u.s. aides have already provided $75 million of new funding

we are co-investing with various banks including shanghai on an korea development bank.her and make the investment decisions. we plan to launch the fourth fund, totaling $44.6 million, by the second quarter of this year. >> i want to talk about the specific objectives of the group when it comes to esg. i'm sure that you will tell me that you are very serious when it comes to these efforts. if you could quantify it for us, how serious is esg for you guys? why is it not simply a pr campaign? >> the term esg has been more widely used and immersed within the sk group in the past three years. until now, the three components of yesterday have been considered separate. however, in the capital markets these days, there are various methodologies to assess esg and the impact has grown immensely. we have been carefully considering ways to look at esg from a more holistic approach. >> i understand last year, sk and its subsidiaries have essentially committed to comment by 2050, achieving 100% of the groups consumption for renewable energy. whether that is wind, solar, what have you.

and initially it was very hard and for casinos develop in the 1950s because regular banks were very reluctant to loan the money for development. and so the gaming industry went to various things such as the teamsters pension fund. and obtain funding for a lot of the casinos. but 1967 howard hughes came into the state of nevada and one of the effects of hughes in the state of nevada was a legitimized gaming operations. and by 1974 harrison actually gone public on the stock exchange and that heralded the new era of gaming and throughout nevada and eventually, of course throughout the united states what we have here are things from our educational collection which allows people to look at things physically hold them handle them and like this the purpose of the aga is to gather. protect and present the history of gaming and so this allows us to give demonstrations of various types of in this instance things that are considered to be special work or cheating devices. and if you see i take a magnet here you have a dice cube. it's actually a mag dice what they call magnetic dice. you can all sometim

more of a breeze develops but it comes from a south—easterly direction. slightly warmer so if anything bankto stay dry, sunny and warm to begin with but from wednesday into thursday at the risk potentially of some thundery showers developing. still behind it a lot of dry, warm and relatively sunny weather. this frontal system moves through the middle part of the week and a level of uncertaintyjust without front will be setting and where the showers are likely to crop up where the showers are likely to crop up but it is worth bearing in mind the further west you are through wednesday and potentially into thursday but could see some sharp, possibly thundery downpours. as they clear away it will be fresher but we close out the week with a dry weather. further east you might not see the showers at all but tuesday will be the peak of the heat. getting a little cooler towards the end. good morning. this is bbc news. the headlines. celebrations for chelsea fans after their team wins the all—english champions league final against manchester city to lift the european cup for a second time. calls for

much for now hereon of course we're seeing developments really in other parts in other cities in other communities particularly in iraq in the occupied west bank and they're expected to be more protests taking place that need to brings us more now on the latest developments. there are protesters who are trying to get away from the army as you can see now. crowds are cheering because some palestinians threw a molotov cocktail on one of the israeli army jeeps and there are palestinians who are here coming to cheer the palestinian protesters now as we can see another round of tear gas fired at the protesters by the israeli army so they're trying to get away from the soldiers trying to get away from the tear gas bombs some are even carrying these gas bombs and throwing it back to the israeli army and israeli soldiers. and we are seeing cheers from the palestinians who are over here remember the methods that palestinians are using to confront israeli soldiers are not necessarily do not necessarily cause danger to the israeli soldiers but as many of them were telling us it's their way of showing that they're not afraid of the have any armed israeli

central bank appear to be lagging behind developments and the consensus among other central banks, but it is being held hostage to monetary framework that risks being ill-suited for a covid disrupted world." gershon, give us our final take. also writing that the fed's estimates seem to be off in a range of scenarios in which they could not enable the fed to be more flexible. how are you thinking about a fed that might be looking at a wrong estimate instead of a range of scenarios? gershon: the fed does not know if inflation will be persistent. i agree, it will be transitory. noelle mentioned used cars. it is flights and hotels. the supply-side, what it comes down to is is the supply-side of the u.s. economy resilient enough? we are betting it is yes, but the fed is saying -- they are not saying it explicitly, but implicitly, the fed is saying we are not sure, we want to keep our options open. the risk of a policy error is there, but they are taking a wait-and-see approach. taylor: we will get to that credit conversation. the jumps on market remaining in favor of sliding equities. that

more of a breeze developing for a bank holiday monday.. sunshine will continue to nibble away at the cloud to the afternoon. 0utside risk of an isolated shower may be cropping up in scotland. temperatures will peak at 22, 20 three celsius. always cooler on that east coast. this evening and overnight the potential for more cloud to roll back in off the north sea. another misty, murky start for eastern areas on monday. relatively mild start. temperatures in the west in double figures. early morning sunshine. more of a breeze, south—easterly direction, slightly warmer for many. temperatures peaking at 2a, it may beginning of june it looks likely to stay dry, sunny and warm back from wednesday to thursday the risk of thundery showers developing. still behind it a lot of dry, warm and relatively sunny weather. a level of uncertainty as to where this front will be and where showers will crop up. the further west you are three wednesday and potentially to thursday, there could be sharp and possibly thundery downpours. we still close out the week

bank money has legal tender status and consumers know that when they hold cash, that is redeemable, that the u.s. government stands behind that. if you think about all of the protections that were developed over time similarly, around commercial bank deposits, there's also a lot of really important regulatory and legal protections around those, including deposit insurance and supervision of that banking system. if stable coins were to be widely adopted and serve as a basis of alternative payment system, granted around new private forms of money, there's a real risk that you could see fragmenttation of the system and that you could see consumer protection and financial stability risk because of the risk of behavior. and i would harken back to that period of pre-banking era in u.s. history when the inefficiency, the fraud, instability in the payment system that was associated with active competition among issuers of private paper bank notes led to what eventually was a uniform form of money backed by the national government. i think that was a prominent consideration as we think about a system oriented around private money and a digital payment system oriented around what is essentially pu

and community and mid-sized banks who often lack the resources to develop banking technology in house are partnering with these fin every tecs to compete more effectively and offer their customers more terrific services at ever-better prices. that's what these partnerships do. they help consumers because they increase competition in lending markets, they lower the price of financial products, they improve credit options, and they expand consumer choice. now, unfortunately, a patchwork of different legal tests in different courts had made it difficult to predict whether the bank or the finn-tec partner when they teamed up would be responsible for a given loan they would make together. last year, the o.c.c. issued its true lender rule to provide the needed regulatory clarity, and the rule -- the simple version of this is it simply holds that a national bank will be responsible for a loan if it is named in the loan agreement or if it funds the loan, which banks be often do when they team up with finn-tec in these ways. now, some of our democratic colleagues have claimed the rule, the tru