4.4 • 4.9K Ratings
🗓️ 12 March 2020
⏱️ 21 minutes
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Britain’s central bank made an emergency cut and released a budget with a whopping £30bn ($38bn) stimulus; we discuss what countries are doing, or should be, to cushion economies against the pandemic. After decades of false starts, laser-based weapons will soon shine on the battlefield. And a look at the legacy and philosophy of “The Hitchhiker’s Guide to the Galaxy” as it turns 42.
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0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
0:09.5 | Every weekday we provide a fresh perspective on the events shaping your world. |
0:17.8 | Military commanders have wanted for decades to be able to fire the laser, but light-based |
0:23.3 | weapons, it turns out, are really hard to make. Now, thanks to advances in lasers used |
0:28.8 | for other purposes, the battlefield kind are at last starting to shine. |
0:34.4 | And what's the answer to life, the universe, and everything? 42 years ago, the Hitchhiker's |
0:39.8 | Guide to the Galaxy suggested a novel answer. We take a look at the legacy and the philosophy |
0:45.2 | of the comic sci-fi classic. |
0:54.1 | But first, |
1:01.9 | after weeks of reluctance to do so, the World Health Organization at last labelled COVID-19 a pandemic. |
1:08.0 | We're deeply concerned both by the alarming levels of spread and severity and by the alarming |
1:17.5 | levels of inaction. Action in America came in the form of President Donald Trump's |
1:23.6 | announcement of a 30-day ban on travelers from 26 European countries, not including Britain. |
1:29.6 | The virus will not have a chance against us. No nation is more prepared or more resilient |
1:36.3 | than the United States. The jangled nerves of investors put an end to the historic bull run |
1:42.2 | of America's Dow Index. Mr. Trump also outlined plans to provide billions of dollars in loans |
1:48.0 | to small businesses and urged Congress to pass major tax relief measures. Elsewhere, there have |
1:53.6 | been more dramatic moves. Yesterday, the Bank of England cut its key interest rate and a |
1:58.4 | coordinated effort with the government. The Chancellor of the Hitchhiker, Ritchie Sunak, |
2:02.9 | announced a 30 billion pound spending package. |
2:05.6 | Coronavirus will have a significant impact on our economy, but it will be temporary. |
2:12.5 | I will do whatever it takes to get our nation through it. Later today, the European Central Bank |
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