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tv   Counting the Cost  Al Jazeera  June 13, 2022 7:30pm-8:01pm AST

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for him, and this new bill could hurt that and the good friday agreement in jeopardy, so anger from all sides. and the reaction to this bill. charlie angela, thanks very much for bringing that from london. heavy thunderstorms have just dropped, had traffic and alarmed people in china's capital hailstones, strong winds and rain pummeled many areas in beijing. a stormy weather is expected to continue for another day and excitement is building in cat r as peru face australia. laser on monday, with a sport at the world cup on the line. ah, ah, thousands of peruvian vans, i have made the trip to doha to support 13. besides, do have some recent world cup history with the south americans beating australia to nil at the 2018 tournament through our heavy favorites to advance the cattle 2022.
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they are 20 places ahead of their opponents in the fee for rankin's. ah, ah. without zera, these are our top stories you as congressional committee investigating last year's attack on capitol hill is holding its 2nd public hearing is focusing on foreign present. donald trump's false claims of election fraud. the committee was supposed to hear from trump's former campaign manager. but bill step and said he couldn't testify due to a family emergency. i don't know, castro has more from washington. we saw the committee start this thing off today by placing the american public who have been invited to tune into this warily inside the white house on election night, the atmosphere, the feeling of being with president trump. that night, as the results were coming in and they were not coming in in the president's favorite, particularly when fox news,
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the conservative news channel in the us called the state of arizona for president for ever joe biden. not for trump, which in you created the president at the time the u. k. is court of appeal has rejected a request to hold a plan, deportation of a group of migrants to lawanda charities. and a trade union had asked the court to block the 1st flight, which is scheduled to leave on tuesday. you are stokes, i have dropped sharply after markets in asia, posted heavy losses earlier on monday, sawing inflation and rising interest rates are raising fairs of recession. ukrainian military commanders say the last bridge out of the city of surveyor donetta has been destroyed. that was one of the 3 that connected with the city of missy chance and the last evacuation route for civilians. police in brazil are denying reports of the bodies of 2 men missing in the brazilian. amazon have been found. indigenous whites expert, bruno pereira and journalist dom phillips,
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disappeared a week ago was on a research trip. local media quoting for its wife, said 2 bodies were found, but haven't been identified. at least 50 people have been killed in an attack in burkina faso near the border with niger. i saw posted this video shortly after the attack. violence by armed group has killed more than 2000 people and displaced nearly 2000000. those are your headlines. i'll be back with more news here on al jazeera. after counting the cost. as the final 3 places at the feet, the will cut or decide it will light from the playoffs will gather reaction from across the globe. seems this both council 2022. the world qualifies. special coverage on al jazeera. ah, i
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alumni cloud. this is counting the coast and al jazeera. you'll look at the world of business and economics this week. droughts, poverty, and conflict have left millions of people starving in africa. the continents food insecurity has been made worse by the worn ukraine. how can another hunger crisis be averted? also this week employment grew more than expected in the us, and the president says, the job market is robust, but tech companies have been laying off workers. so what's behind the mixed signals? a new billionaire was created every 30 hours over the last 2 years. well, millions of people have fallen into extreme poverty. now it's inflation source. could the inequality gap whitening even more? ah, 346000000 africans. that's more than a quarter of the confidence people a suffering hunger because of conflict,
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drought and poverty. now, a wall that's thousands of kilometers away is threatening to make africa's food insecurity. crisis was grained supplies are disrupted, and the prices of staples and fuel skyrocketing, the head of the african union, warns that risks a catastrophic scenario of food shorter his and his eyes, russia and the west to help ease the situation. cave and western capitals. blame moscow for blocking ukraine's exports and triggering a supply shortage. putin denies the accusations, the russian foreign minister has guaranteed the safety of grain shipments from ukraine if keep removes naval mines and western nations lift that sanctions. ukraine says russia is demanding unreasonable conditions. the announcement came off to save a lever of hell towards the turkey as part of the un plan to get a deal in place between moscow and cave. more than 40 percent of africa's weight comes from russia and ukraine, and now the price is going up by 45 percent as
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a result of the supply disruption. the cost of fertilizer has increased to by at least 300 percent. the african development bank says that could lead to a 20 percent decline in africa's food production. the organization has pledged more than $1500000000.00 to provide farmers with seeds and other aid. child, landlocked country in west africa, has recently declared a food emergency is the region suffers its word, food crisis in a decade. and in the horn of africa the you and want more than 14000000 people are on the brink of starvation in an area experiencing its worst route in 40 years in somalia, more than 800000 people have left the countryside to seek help and comes having lost the animals and crops. malcolm webb has this report. they went to the up de la, he bully, have children died of hunger and thirst. he says he was left with no choice. he
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abandoned the only life he's ever known as an magic herder. he says he was caught between the armed group, asha bob and worsening drought. most of the carrots and cows perished. he told us he left the last animals to die and walked with his surviving daughter for dosa, for 3 weeks to reach here. a camp for displaced people in the port city of kiss, maya in somalia. one of my wife lost her mind with grief that was after we were unable to get food for our children. the last i heard, she tried to walk to market tissue, but then i don't have the strength to look for her. i don't have shelter, i don't have anything to eat. i have nothing. at the law he in far dosa have joined thousands of people already in this camp. many of them lost their animals in previous drowns and haven't been able to restock their heads. more than half of somalis depend on hurting livestock turn,
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dry scrub into mill can meet that people have survived on for thousands of years, but the drought to becoming more frequent and worse. so the camps in cities like kiss maya grow bigger. many of the people here may never go back up to la him or her mood says he would never have dreamt of eating fish when he was a herder. then his sheep and goats were wiped out in a drought 5 years ago. he says he then struggled to survive in a camp and kiss my until the un food and agriculture organization bought him a boat and trained him to fish. this a big difference. as a lifestyle keeper, life is always about struggling with drought and trying to recover from it deficient the ocean. you have to learn many things. the ocean itself is like a university. you need to study how it works, how the law, he spent years learning and says he can now get a good catch 5 days a week to the money he earns is enough to pay school fees for his children. the u.
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n said many more people could be helped in the same way that the crisis is also be coming out of my vision crisis. and it requires more did i bought a solution by putting the fish i did, which was a huge petition where they can die. but the fight and improve their new nutrition. it's not clear how the millions of somalis in the countryside will survive in a warmer world. war won't eat what it may be, some on is 3000 kilometer coastline and it's fish can help. malcolm web al jazeera kiss, my somalia. well, johnny is from cape town in south africa, is dr. peter turns jacobs. he's he acting strategic lead in the inclusive economic development division of the human sciences research council dot jacob. welcome to the program. so talk to ease ukraine, brain supply, haven't achieved much. can there be a breakthrough? do you think?
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well, at this stage, the big stay away will probably continue for a while. obviously, the concern for us in africa across the continent continues to be not only on the implemented side, but more on the human side because the human specially unger for them to security has been a big concern. and we do hope that the diplomatic breakthrough will come sooner rather than later. what are the same weight continues? i'm wondering just how much difference would make anyway, given the various other factors, the affecting food supply in africa, you are spot on because what we have a year is wake and what we put as a trade off between decline and production capacity. in other words, capabilities of africa to produce food and as the grinds, there's been an increasing, or at least the is increasing reliance on price to
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a. and yeah, as a result of the school or what effect of the war we have see the pac quite severely on both sides. so on the decline of agricultural production can capacity. obviously we've got a number of different factors that impacting on our ability to produce food. i think the 1st one is obviously the crime. i think that's to be so logical changes that are happening in that was be but the other big, big fact is playing a role socio political conflicts in certain parts of the region and part of the continent and really devastating the ability to distribute food and food good distribution production systems. i've also been impacted by all conflicts across the continent. so this combination of factors we take into consideration and focus on when we look at the pool, right?
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so just just sparring back to the situation. ukraine at the moment, j, wester, accusing rush for a weapon, icing food supply, and clearly it's important that food supply situation is resolved, as we've already discussed. but do you think that is the case that russia is? is using food as a weapon? while i think it depends on how you look at whether you look at it from the west, or if you look at it from the side all of countries. and i think this was supposedly inevitable given the changing nature of the war there. whether or not i think that is the goal of moscow to have it as a, as a weapon, the for sale of meeting objectives. that's very, very difficult for us to because of the, of the content. well,
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the african you didn't use microsoft. he's complained that sanctions have made it difficult to buy grains from russia. he has a point as me. yes, but at the same time be, think it had over events indeed on the human side and give countries that are heavily impacted on what is referred to as a trade in a. those are really affected by countries that i'm not really affected by that might not be. for example, if we look at the parts of the continent. so typically denise egypt really is reliance on great imports on those countries. that can be the case. but there's been other all over events on export restrictions by countries that, that also got great production capacity, especially b, b and countries in india for example, that we want to, we countries of war. it was due to the restrictions in water could protect the food
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security situation of their own countries and to do another emergency food situations that they might be confronted were. so i'm not sure whether it's only the air, the war itself, but there are other factors i think that we've got to take into consideration in this. okay. and what about on the ground on my aid is one thing, isn't it? but what can be done by governments on the ground in terms of diversity, diversifying food supplies like fisheries, and so forth. what are the long term solutions can be found within africa? wow. but the 1st would be to explore more carefully what be referred to today as a crime of small transiency, the address value change. that means introduce in scaling out new ways and also production or diversifying the capacity to have current looks more a production techniques or production techniques that are logically more sustainable. and that could be a t investment or africa at the stage,
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but i think would be a long term fantasy generally will take and you know, 10 or more years for african begin to scale that are. so in the short and medium term, i think we've got to explore a variety of different areas of social protection, both social protection that will enable people to get access for and more in direct social protection forms to get access to it. logical transition of agriculture would be a much longer of a prospect, but i think the immediate areas of investment scaling on social protection and scaling up the for support on the executive support for agriculture duction. okay, we'll leave it there. thank you sir. for joining us, said dr. jacob, speak to us from cape town, much of asia figure. ah, now the health of the labor market in the world's largest economy is being watched closely as station raises fears of an economic downturn. and the ceo of tesla has
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a dar outlook. you la musk says he's got a super bad feeling about the economy. and he's reportedly ordered a halt to hiring worldwide, plus a 10 percent cut in the company's salaried workforce. but then the world's richest man gave contradicting messages on the potential reductions, sending workers and investors on a roller coaster ride. all this comes just days after his him ordered employees of both tesla and his rocket company space act to return to the office. or tesla currently has about 5000 job openings. advertised world wide and 100000 employees demand for it. cars and other electric vehicles has remained strong so far, but the company's stock took a hit since a billionaire use the shares to finance of planned acquisition of twitter or masks gloomy. our look echoes recent remarks from executives including j. p. morgan chase c o. jamie diamond and goldman sachs president john waldron, other companies of also cut jobs or paused hiring american employers in the
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technology sector. they cut around 9 times more jobs in may than in the 1st 4 months of the year. while retail giants, including wal mart and amazon have said they hired to aggressively earlier in the year. but president joe biden says, u. s. job numbers in may are historically re boston are one of the signs of a healthy economy. u. s. employers added a 390000 jobs, extending a streak of hiring. the figure has beaten forecasts for a 325000 rise in new roles. but mays increase was the slowest for a year. the unemployment rate held at 3.6 percent for the 3rd month in a row. and nearly every large industry added workers. one major exception was retail, which shed nearly $61000.00 positions and pay has been rising faster than it has in years. the average hourly wage close to almost 32 dollars last month,
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up 5.2 percent compared to a year ago. however, pay growth slowed in may per 2nd month in a row. while john is now from london, is richard siegel leverage. it's a research analyst with a london based financial institution, ambrose yet capital richard siegel. welcome to the program. should people get worried when someone like you must says he has a super bad feeling about the economy? you know, why don't we census, he has an all tier motive. i think we also always have to take it seriously. what a business leader such as him, has words about the economy which are on the outlying side. on the other hand, he does have a tendency to change his mind from time to time. so i think we should wait 2 or 3 months and see if he still has the same views as we and the summer and head in to the autumn. but in addition, i think we should also listen to the views of some other business leaders who are looking at different parts of the economy and also have the pulse on it. some, such as the leaders of j. t morgan have the same views, but some have
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a much more sanguine view of being sorry to jump into those changes of mind that you're talking about. are they kind of calculated? is he trying to influence markets by doing it that i don't know, he does have a tendency for doing this in the past. he does have a reputation of trying to be provocative. but whether that is what he has in mind about this particular item that i don't really have a strong view on as far as tester is concerned. what is the situation that the demand for electric cars is still strong? isn't it? yes, it is very strong. and would oil prices as high as they are and possibly going higher and staying volatile? they will only increase over time. partly because pricing partly be because of government regulation, but also consumer preferences. but at the same time, it is always natural for large companies to pause and assess their hiring. hiring freezes, even in companies and industries, doing well or not unheard of. but it would be quite a surprise if any kind of parts and production were to be long lasting. one of the
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advantages that test the has, has been an industry where the lead times are very long to go start to finish and building and electric car company is quite long. it's about 5 years. so there's a natural barrier to entry that a company such as just a heads where they're very good brand name, which is difficult to compete against. so in that context, i'd be very optimistic about tesla long term, even if the short term is difficult to predict, right? there's a lot going on in global markets, isn't there, especially with mosque is concerned, his decision to freeze hiring and cut jobs in the backtrack. that seems to be some sort of contradiction that yeah, i would agree about that. but again, i wouldn't worry too much into short term developments because that is always natural. it could be that he still facing some supply chain chain difficulties. and therefore job cuts could be a temporary reaction to that. but again, i'd be pretty optimistic about his industry long term. right. there are other
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employers, plenty of other employees. you're cutting back netflix pellets on coming back, hiring a retail job to take it to. yes. but those are different situations. with the example of netflix and pelettano in particular, they made a couple errors of judgment and strategy. they like many others assume that the shift and personal consumption from goods to services would be larger and more long lasting. and that expectation was reversed fairly quickly. they were counting on too much growth. but at the same time, you can go start to finish with the streaming company 6 to 12 months, maybe even less as the technology is advancing so quickly. and the technology of an electric cycle is quite simple. the barriers to entry are very low. but at the same time where the retailer is such as target, it's another me different situation where demand is holding up pretty well. i'm not
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that worried about revenues but they're being squeezed. busy parkins, because of higher than expected input costs, but also higher wage costs. so with a company such as netflix or pelettano, i wouldn't be optimistic about them getting their form of revenue base. on the other hand, i think that our company such as target once the present headwinds had been worked through, i think they could recover their margins relatively quickly, meaning 6 to 12 months. what about the situation in the united states, latest jobs figures? the president biden says the job market is robust. of course, it's always the job of a precedent to talk up the economy and particularly the jobs market, especially during an election year. however, on this, i would agree with having the jobs market is very healthy. what does worry me though, is that the labor force participation rate has to move back up to where it should. there just isn't the supply of labor that will keep the economy going over the long
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term. it does naturally self correct. those who are outside of the labor force typically are attempted in outside of the labor force for whatever reason. however, it's very difficult to predict how long this will take and if the matches and the correct industry will occur. and how quickly richard siegel from ambrose, your capital. thank you. thank you. okay, the world's 10 richest men of more than doubled their earnings since the global health crisis began. while the incomes of 99 percent of the world's population, a worse off the inequality gap is fair to get even wider as a cost of living saws. when you analysis says taxing the world's richest people could raise at least $2.00 trillion dollars a year, that would be sufficient to lift millions of people out of poverty and make enough vaccines for the whole world. organizations like fight in equality alliance, the institute for policy studies and oxfam, they found at least
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a $183000.00 households own a combined wealth of more than $36.00 trillion dollars. another report by the world inequality gap says the richest 10 percent of the world population owns 76 percent of all wealth. a single person from a top 10 percent earns at least a $122000.00 on average per year. but an individual from the bottom half makes less than $4000.00. and while global inequality between countries have declined over the last 2 decades, income inequality has increased. within most countries, the average income gap between the top 10 percent and bottom 50 percent, has almost doubled. more than a $150.00 millionaires called on politicians and the world economic form in devil's last month to tax the more the group who are known as apache arctic millionaires include the american actor mart roughly. and disney aris abigail disney campaign
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and say a multilateral agreement proposing companies pay at least 15 percent tax on earnings didn't go far enough. let's take this on. we can speak now to don't suppose siegel . he's a reader in economics at king's college, london, and an economist researching global inequality and poverty. thanks for joining us. post eagle as inflation rise is how much worse could this inequality got get? well, the big public inflation we're having at the moment is that it's specifically hitting good slide food, which are typically important for low income households. so that's why when inflation goes up, it's not it's not even across the board and it's getting those on low income. so what we'd like to see is any cost is probably rising as we speak and continue dr. essex. disproportionate increase in food prices and energy price. it also proceeds to inequality grains. it isn't surprising places in the, in japan, for example, as
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a country where most people regard themselves as middle class at the got there is great. where else is it most pronounced? well, i mean, historically the most unequal region in latin america and sub saharan africa. so famously, unequal regions, but we'll see interesting, and the last couple of decades has been the progress america has made on any quality. and that really gives us important lessons for the rest of the world on how to tackle inequality. because what we've seen in love latin american countries has been rising. minimum wages increases in transfer to low income households. and also a lot of countries increase investment in education and over the kind of median for longer run. that's how a lot of countries in latin america have managed to reduce in quality really in a way that love analysts didn't expect that. and at the time, and i think all countries can, can take heart from mass. that if governments really wants tackling the full, if you have the tools to do it, right, so measures to, to read,
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distribute the wealth and we got these programs in japan as a matter fact and china can they work? well, absolutely. i mean for china sticky, the interesting example because china and deal with any quality in or on a different way from other other countries. they have the, the common prosperity program at the moment and they've had a lot of interregional redistribution in the past as well. and they're much more if you'd like growth oriented, where they're focusing on investment and improve interest structure, particularly to help those regions of the country that have lower incomes and trying to be quite successful in, in slowing down any quality and then actually reducing it, not a lot, but somewhat in the last 15 years or so. and that through large amount of investment in productive capacity and also administrative capacity in the core regions control the income, go up in those regions and help them to catch up with the richer parts of the country. essentially that we have this, this car i just mentioned that that is co hort of people who got
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a great deal of money of $1000000.00 as you're asking for governance, the tax, the more like a rough low and i b l. disney is that realistic? and in fact, why don't government do that? well, it's certainly realistic. there's no reason to talk about the very people more. i think the reason why governments don't do that in practice is that, i mean, well, maybe some 1000000 as asking to be taxed more. i think there's probably more 1000000 as not to be more and crucially, and this is very important point here from the very richest people that we have billionaires who own large sections of media, as you will understand very well, and those 1000000000 as you own the tv stations and the newspapers, they very much don't want to be taxed more and they have a disproportionate political power within the political system and they can shake debates and they can they can very much influence public opinion on these matters. so those relatively small number of very wealthy individuals are able to move to debate and change of environment in a way that makes it much hard for governments to substantially increase taxes on
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the rich. all right, we'll leave that. thanks very much today for that. so to pull siegel speaking to us from london, thanks a lot. thank you. pleasure. hi, that is all show for this week. if you'd like to comment on anything, you see, you can tweak me at nick clark al jobs. please use a hash tag, a j. c. to see or just drop us an e mail cons me costs about 0 dot net is all address this morphy online at al serra dot com slash ctc. that will take you straight to all page, which has individual reports linked to the entire episodes for you to catch. that's it for this edition of counting the cost of mccloud from the whole team to join us . the news on al jazeera is next ah, for over 15 years i've called for the i'm conflict. the natural disasters in the political upheaval in the philippines. parents tell us, they walked for hours with their children just to get you. those stories of orphan
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widows, rebels and soldiers bearing witness to not only their suffering, but also the hard won victories of ordinary people. as a filipino, as a woman, it is a rare privilege to tell the stories of my own people. so a global audience. the latest news, as it breaks to turn estimated 20000 lead gold miners. just get my younger mom, the reservation, with detailed coverage. the government says it's taking action, but doctors are desperate thing lives are being put in danger from around the world . president zalinski says the coming days will be crucial for ukraine with the expected renew defensive in the east. ah .


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