The Intelligence: Growing, no pains
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 11 January 2024
⏱️ 26 minutes
🧾️ Download transcript
Summary
America seems to be in a best-of-worlds scenario: growth is outpacing expectations even as inflation keeps falling—how will the party end? This week’s loss of the Peregrine One Moon lander was disappointing, but our correspondent sees the good news from the launch (9:19). And how Japan’s geishas are modernising their trade in order to keep it alive (17:35).
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Transcript
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| 0:00.0 | The Economist. |
| 0:07.0 | Hello and welcome to the Intelligence from the Economist. I'm your host |
| 0:14.2 | Jason Palmer. Every weekday we provide a fresh perspective on the events |
| 0:18.8 | shaping your world. |
| 0:22.0 | When I'm looking at world. |
| 0:24.0 | When a moonlander called Perigrin 1 started to flounder shortly after launch, |
| 0:29.0 | it might have dashed hopes for a triumphant return to the lunar surface. |
| 0:34.0 | Not necessarily, says our correspondent, there was good news mixed in with the bad. |
| 0:39.0 | And the word Geisha conjures white faces, flowing kimonos, and extreme decorum. |
| 0:47.0 | But this entertainer's profession is changing and fast. |
| 0:51.0 | Ghesha's host drinking sessions on Zoom, they run cocktail bars, and all that may keep the |
| 0:56.2 | tradition alive. |
| 0:58.6 | First up, though. |
| 1:05.0 | Over the past year, |
| 1:10.0 | Over the past year curbing inflation has been top of mind for lots of central banks, America's |
| 1:15.8 | Federal Reserve among them. Jerome Powell, the chair of the Fed, has repeatedly reminded |
| 1:21.2 | Americans that he's on the task. |
| 1:23.7 | Tight policy is putting downward pressure on economic activity and inflation, |
| 1:28.0 | but we have to get inflation out of 2% and we will, |
| 1:30.8 | and we just don't see that yet. |
| 1:32.4 | But high inflation imposes significant hardship. and we just don't see that yet. |
| 1:32.5 | But high inflation imposes significant hardship |
... |
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