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A surprise drop in post Title 42 border crossings. Ukraine's president in London. Northwest record heat. CBS News Correspondent Steve Kathan has today's World News Roundup.
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Despite the opposition’s lead in the pre-election polls, the incumbent president seems to have performed better than expected. What does a run-off mean for the nation? The mental health of teenage girls is plummeting and according to our data, social media might be to blame. And, have you ever wondered what it takes to be a spy? Start with our reading list.
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The economic historian and former trader Anne Murphy looks back at the Bank of England in the 18th century. In Virtuous Bankers she shows how a private institution became ‘a great engine of state’ and central to Britain’s economic and geopolitical power. Anne Murphy tells Adam Rutherford that both its inner workings and outer structure had to command the respect of the general public.
Interest was a fact of life long before the involvement of central banks and goes back as far as ancient Mesopotamia. In Price of Time the financial historian and Reuters’ commentator Edward Chancellor explores its long history and warns of the financial instability caused by years of low interest rates. Far from benefitting the majority of individuals, the ultra-low rates following the banking crash in 2008 have proved a boon for bankers, financiers and corporate stakeholders.
After the crash, the businessman David Fishwick was concerned that few people or small businesses in his home town of Burnley could get access to credit. His challenge to the traditional high street banks was to set up his own banking enterprise which became Burnley Savings and Loans – a story told in a Channel 4 series and the film Bank of Dave (on Netflix). He argues for a return to banking as a means to serve and grow the local economy.
Producer: Katy Hickman
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Located in Southwest Africa is the nation of Namibia.
Namibia doesn’t make the news very often, which is a good thing. It is one of the most stable countries in Africa and one of the safest.
It also has some of the most spectacular geography on the planet, wildlife that can be found nowhere else, and a history, unlike any other country in Africa.
Learn more about Namibia, its ancient past, and its modern history on this episode of Everything Everywhere Daily.
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The news to know for Monday, May 15, 2023!
We're talking about the surprising outcome at the southern border once a strict immigration policy ended and another began.
Also, we'll tell you who's impacted by tornado outbreaks and heatwaves across several states.
Plus, how the postal service is making upgrades across the country, why regulators want a recall that could impact tens of millions of drivers, and where the money goes when self-checkout machines ask for a tip.
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