Economists fear U.S. recession after historic rate hike

STORY: Economists fear U.S. recession after historic rate hike DATELINE: June 17, 2022 LENGTH: 00:02:09 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Federal Reserve 2. various of the Wall Street 3. various of Nasdaq Market Site at Times Square 4. SOUNDBITE 1 (Spanish): JORGE MARCHINI, Professor of Economics at the University of Buenos Aires 5. SOUNDBITE 2 (English): MICHAEL HUDSON, Professor of Economics at the University of Missouri-Kansas City STORYLINE: The U.S. Federal Reserve has announced the biggest rate hike in 28 years, and some economists fear a recession lies ahead for the country. The Fed raised the target for the fed funds rate by three-quarters of a percentage point on Wednesday, in an effort to tamp down the worst inflation in 40 years. The rate increase was the biggest since 1994, and was implemented after data showed the central bank has failed in its efforts to fight inflation. Sam Bullard, senior economist at Wells Fargo, a major U.S. bank, said "we believe that a

U.S. Fed rolls out largest rate hike since 1994, weighing on global economy

STORY: U.S. Fed rolls out largest rate hike since 1994, weighing on global economy DATELINE: June 16, 2022 LENGTH: 00:02:11 LOCATION: Beijing CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. exterior of U.S. Federal Reserve 2. various of New York Stock Exchange 3. SOUNDBITE 1 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City 4. SOUNDBITE 2 (Spanish): JORGE MARCHINI, Professor of Economy, University of Buenos Aires 5. SOUNDBITE 3 (English): HSIA HUA SHENG, Associate professor of international finance with Getulio Vargas Foundation STORYLINE: The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, marking the sharpest rate hike since 1994, as reports in recent days indicated inflation showed no clear sign of easing. Experts say the biggest rate hike in 28 years will weigh on global economy and bankrupt third world countries. SOUNDBITE 1 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City "Suppose y

U.S. interest rate hike severely harms economy in developing countries: experts

STORY: U.S. interest rate hike severely harms economy in developing countries: experts DATELINE: May 11, 2022 LENGTH: 00:02:33 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of street views in the U.S. 2. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center for Research and Business, Brazil 3. SOUNDBITE 2 (Spanish): JORGE MARCHINI, Professor of Economy, University of Buenos Aires, Argentina 4. SOUNDBITE 3 (Spanish): JORGE MARCHINI, Professor of Economy, University of Buenos Aires, Argentina 5. SOUNDBITE 4 (English): MICHAEL HUDSON, Professor of economics at the University of Missouri-Kansas City, U.S. STORYLINE: The U.S. Fed recently raised its benchmark interest rate by half a percentage point, in response to the highest inflation in the U.S. in 40 years. Experts say that the interest rate hike, the biggest in two decades, could benefit the U.S., but deal a blow to low-income countries and developing economies. SOUNDBITE 1 (English): RONNIE LINS, Director of China-Brazil Center

Death Machines (1976)

Death Machines (1976)

Ronald L.. Marchini, Joshua Johnson & Michael Chong Characters: ,Black death machine & Asian death machine Film: Death Machines (1977) Director: Paul Kyriazi 01 June 1976 Date: 01 June 1976