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Money Talks from The Economist

Money talks: Bargaining chips

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 25 June 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

The trade war between America and China is intensifying after America blacklisted five more Chinese technology entities. Will this jeopardise any talk of a trade deal at the upcoming G20 summit? Could low-denomination treasury bills help Italy’s cash-strapped economy? Also, a new way of working called “ghost work”. Phil Coggan hosts

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Transcript

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0:00.0

Are you receiving tax credits?

0:02.0

If so, this message is for you.

0:04.5

Tax credits are coming to an end,

0:06.3

and most people will be asked to apply for universal credits instead.

0:10.0

The Department for Work and Pensions is writing to Tax Credit claimants.

0:14.0

You won't be moved automatically, so look out for your letter explaining what you'll need to do and by when.

0:19.0

And there's also lots of support to help you make the move.

0:22.0

Get ready for your Universal Credit Switchover.

0:25.2

Search Understanding Universal Credit today.

0:28.2

Eligibility criteria apply. You're listening to Money Talks on Economist Radio. I'm Philip Kogan, the Bart of Economist

0:39.7

Radio. I'm Philip Kogan the Bart of economist.

0:46.0

Coming up on today's show.

0:48.0

Italy looks for new ways to tackle its debt.

0:54.0

The government does have about 130% of GDP worth of euro-denominated debt that then it might struggle

1:00.1

to start paying back because all of its revenues would be in this

1:03.7

depreciated parallel currency and how a kind of temp work known as

1:09.0

ghost work could change employment forever. We're really describing the reorganization,

1:14.4

arguably the dismantling of full-time employment itself. First, the trade war between the US and China is ratcheting up after the Trump

1:30.8

administration imposed new sanctions that bar American companies

1:34.7

from dealing with five more Chinese entities. The Trump administration says

1:38.9

developments in the Chinese supercomputer industry pose a threat to American national security.

1:44.5

This move adds pressure to the already high tensions before President Trump and President

...

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