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FT News Briefing
Delays hit Biden’s signature manufacturing laws
Aug 13, 2024
In this engaging discussion, financial expert Tom Hale sheds light on crucial global issues. He reveals that 40% of major US manufacturing projects under Biden are facing delays, significantly affecting economic growth. Hale also delves into the persistent challenges in China's economy, examining the real estate market's decline and its implications for consumer confidence. Additionally, he discusses escalated military threats from Russia and explores whether there's hope for China’s recovery amidst these pressing economic concerns.
10:58
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Quick takeaways
- Russia's military readiness poses a significant threat to European security, indicated by training to target NATO cities with nuclear missiles.
- 40% of Biden's flagship manufacturing projects are delayed due to economic challenges, impacting his administration's narrative on job creation.
Deep dives
Russia's Nuclear Capabilities Targeting Europe
Russia has prepared its Navy to potentially target European cities with nuclear-capable missiles, as revealed through secret military documents. These documents, viewed by Western sources, highlight 32 NATO targets across Europe, particularly in the UK and France, suggesting the existence of extensive plans mapping hundreds of locations for possible attacks. Recent military exercises ordered by President Vladimir Putin indicate that these strategies remain integral to Russia's current military operations. This raises significant concerns about the possibility of conflict escalating between NATO and Russia, underscoring the heightened tensions in Europe.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode