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tv   Counting the Cost  Al Jazeera  January 20, 2024 12:30pm-1:01pm AST

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lowest grade has imposed tough sentences on anyone court watching south korean entertainment. the issue of abortion rights remains a contested method in the united states on to the supreme court ruled in 2022. the portions are no longer protected by the constitution. access the terminations could play a significant role in the upcoming presidential election. heidi direct castro has more the biggest snow storm in years couldn't keep these anti abortion protesters away from washington. tens of thousands participated in the annual march for life, even after the us supreme court ruled more than a year ago. that abortions are no longer protected by the federal constitution. about 2 dozen states have since band or severely restricted abortions, but in the remaining other half of the country abortions remain legal. i believe the heart beat in a fee to starts out around the 3rd or 4th week,
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which is pretty early on, which is a beautiful thing. and so many states still allow portions before that the anti abortion marchers say the supreme court, deliberate them a half when now they want congress to give them full victory by banning abortions across the country. reproductive rights are important. but when reproductive rights impede the rights of the unborn human and they shouldn't be allowed, they are animated. there are many gathered here. but in the united states, people who want to van abortions are actually in the minority holes show more than 60 percent of americans think abortion should be legal and all well in most cases and that split will likely play a major role in this year's presidential election. president joe biden, and the democratic party hope their voters will turn out in support of reproductive rights much as they did in the last mid term elections. while republican front runner, donald trump, became a hero to the anti abortion movement. when he appointed conservative supreme court
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justices who delivered on his promise to overturn roe vs wade, 300 percent. he has said he has, he has not indoors the national bank. i think it's common. republican lawmakers have increasingly shied away from a national abortion band for fear of alienating voters. that's left anti abortion after this with an uphill battle and a new state and mission. to change american culture to make abortion unthinkable and illegal across the country. heidi jo castro, alta 0, washington. okay, that's it for me. my name's side 0. bonnie: i will be here in around 13 minutes with the news out. counting the cost of the on heard voices. very few people in his rather are sitting up against the order
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right now. i want to be one of them. connect with our community and talking to conversations you will find elsewhere. he's healthy, the human noises. but also i want to want to know as a human, to have a connection with the stream on out to 0. the other i'm, adrian said again, this is counting the cost on al jazeera. you'll wait to look at the world of business and the comics. this reach pulled in 100 days since the war on gaza started. the humanitarian catastrophe is deepening from life is being choked out of the protestant in economy. also this week, as well as the bombing of districts seriously damaging the nation's economy, businesses and consumers of feeling the pinch plus labels as
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a trouble. and they come by china will taiwan, was you president the size pressure from beijing and chinese rings? posterity? back to the island, the thousands of people killed or injured unprecedented destruction. a lack of food was the medicine and fuel and the basic foundations of a functioning economy wiped out. the humanitarian catastrophe and gaza is worsting by the day on the strip, is on the verge of farming pots more than 100 days since is a last, it's war 8 deliveries to gaza. a still limited or the occupied westbank is bearing the brunt of his really tubs on the movement of workers and goods. just bear with me. the abraham begins our program from ramallah. the palestinians in garza are struggling to survive. most of the population has been forced to fee their homes. they have nothing. and basic necessities have become so scarce. the prices are
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beyond the reach of moves, and got fired as good as the my son's trousers, a tune, and i can't afford to buy him new ones that cost 50 or 60 shekels, which i can't afford. as for food back, a flat costs, the 200 shekels have tried crop by the rules and goes a has plunged district into a deep recession. the world bank says that by mid november, around 2 thirds of the population was out of work. most economy activity has grown to a whole. hospitals, communications and roads within half has been destroyed. within 70 percent of commercial infrastructure, lines and ruins. the building is expected to coast tens of billions of dollars. it's all clear who was put the bill, but the palestinian presidency. has some suggestions. those over the they have to be forced to reboot, does so the americans are responsible. we hold america is the main responsible to
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find the right the notice to the really does that. why the war has the states of dollars economy, your part westbank is also struggling. israel is was holding tax revenues that the food through the palestinian authority. and it's for one thing called a senior workers from crossing over into israel. farms like this, rely on these really marcus restrictions imposed since the war began, are hurting business. but when the ones that we produce most of the west banks, products from the fat person codes that will be seen, everything comes from this region. so when the crossing street the rail are closed, all of these goods go to the local market, which causes the process to drop on somebody's, we don't sell anything. for the of the palestinian authority is the biggest employer in the occupied west bank. but with new tax revenues coming in,
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it's have to got salaries inflicting more damage on the economy. that's the one that can sort of israel's confiscation of palestinian tax for more than 3 months constitutes almost 30 percent of the market movement. we had more than 200000 people working in israel, but after the war started they were denied entry. all of those are important factors in the decline of the palestinian economy. as the world goes, a drugs on the future looks bleak or for palestine and, and to the war. we only mark the beginning of the battle to rebuild the that. but he just eat a for counting the cost, the financial cost of the war on god. so well, clearly devastating has yet to be calculated, but on the is really side the cost of waging war has risen to almost $60000000000.00 government spending a sewing in order to pay for bombs and bullets and businesses of struggling as hundreds of thousands of what cuz they've been quoted way to become sold just the revenue is a dropping that is really
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a hunkering down. now if the boy expands to the wider region, the expense could bounce even further. a stephanie decor reports from west jerusalem for isn't only devastating. it's also expensive to warn goals that have shaken up these really governments finances requiring revised budgets and billions more dollars. israel's prime minister has said from day one that this will be a long fight, and it's costing the at this moment what is required festival to cover the expenses of the war and to allow us to conduct the war in the coming year uncompleted, including eliminates and come us, retaining our hostages and restoring security in the north and the south. so the residents come are time spending costs have been made to various ministries to allocate more money to the ministry doors. also having an effect on various key industries here. tech accounts for more than half of all the nations exports making it the largest engine of the economy. and that's taking a hit many army reserve. his work in the tech sector. 350000 have been called up,
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and that's the largest number and israel's history. around a 120000 people have been displaced from their homes coast along the border with garza and in the north along the border with 11 on the government needs to pay for their housing. it's estimated 20 percent is really, workers are out of economic activities. tourism is flatlined. it's only a tiny slice of the economy. but many jobs and businesses rely on the sector construction practically ground to hold off to the wor, work permits of tens of thousands of palestinians from the occupied westbank were suspended. we are in a serious economic crisis. we're going to have to huge hole in expanding debt of the country. we risk israel losing. it's very good credit rating with the credit agencies. that is an enormous blow to me is really economy. the bank of israel estimates at this war is going to cost the country around $58000000000.00. it's
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economy, frank, 2 percent, and the last 3 months of 2023. and it's costing $269000000.00 a day for israel to run this war. and that's without taking into consideration a possible escalation. the full scale war with has by law 11 on stephanie decor, audra 0, west jerusalem for counting the cost. let's speak now to roger kelly, the in ramallah. he's the director general of the palestine economic policy research institute at from tennessee for joined by robi nathan some who is the general director of micro the center for political economics. welcome gentleman to you, but as much, let's stop with you. how would you describe life right now in gaza? well, life is, is hardly a word that we can use to describe the sort of daily, a existence that process of people that are facing the economy. if we can talk still about an economy, is that a subsistence level um life is about finding food medicine and
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escaping a bombing. so i don't, you know, it's a life is, but i mean, we're here, we wanna talk about the economy, let's say, and the economy is, is, is pretty much reduced to 0 as already, you know, is there is to say 50 percent of its, of its, of its usual activity and that's mainly in the services areas that are, that are of public services that are still being provided. and some sellers, perhaps with basically the economy, the private economy is ground to a whole. and we turn to a different mode of production and consumption in economic activity for the moment . is that any estimation? so 5 of the costs in terms of last economy count, put unemployment, trade, infrastructure, health, the education sectors. and so let's just briefly separate the production losses from the infrastructure losses. and in terms of they decided because of the economy, it was less than $3000000000.00 a year. so it was already lost the corner of the,
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from the last quarter of $23.00. and one could assume a more or less that this has an economy that will not produce a value added in any met and significant way for the rest of this year at the best and the best of center. so we're already talking there about $3.00 to $4000000000.00 and last output. this is not including the west bank which it purchased and also reduced to a major just says, but significantly in terms of reconstruction, i mean is even if we can assume that the really, that's estimated around a half a $1000000000.00 a month, can be provided over the next 6912 months, perhaps the reconstruction of the infrastructure, housing, the public service infrastructure and utilities is, you know, we're talking at least the 1st estimates for housing soc, is 15000000000. so i would, you know, we're talking a so far, but we're looking so far numbers that are going to going to go above $20000000000.00 over a few years in terms of reconstruction and economic loss. so of a made
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a major blow to economic production, robbie, israel's war is costing what some $270000000.00 a day. and it's, and it's far from over. it would seem kind of israel continue to keep fighting. it's one guy, so uh and the 1st point uh, if i come to the extent of the bottom, i mean is a strong economy and the it knows the face of the practice, the place. and i like it was a case also was a growing. i also have the situation, we have to consider that the for example that, that surveys that and it's always 60 percent of the g d p which is the best that are on the work. even then before the war, according to the index of the economies, the throws that false the best, the economy in the world, in terms of the performance of macroeconomic performance, the past, the so for those and define himself a payment and so produce so sunday,
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and tax income and the time of the budget. so to say when we also are facing the costs of this war, i think that the for the time being israel can that i cannot afford to finance the cost of the war and, and the medium and, and to show the also in the medium term, the question is, of course a lot of that happen in the next, the end, the end a longer term. but on the other side, we have also to go through the other components that which are connected to the pulse of the war. and 1st of all, the sectors that are directly affected, like good stories and black on fractions like the culture and specific regions of the country that have been spar, realize like that, and on and bought the visual and the southern part of each row. but generally speaking, the economy is functioning as the industry functioning. di thank sector is functioning at the services and the also communication and, and financial services are functioning and lobbying sector rather than the so the
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economy is showing some resilience, as you say, bear with the bunch of deficits expected to reach 70 percent. the nation's borrowing cost rising, it's credit ratings, a risk time the economy keep holding up. i mean, what do we, what do we told you? you mentioned the mediums at the long term. how long can as well keep this up? well, of course it cannot keep verification oper on the finish 3, but the in terms of the planning, the, of the strategy of the government and, and the medium term i think that these are all kind of holder hold the situation also from the comic point of view recently a budget has been passed to, which is also quite the and considering the a significant caught send it, but it didn't know that the call caught the cope with the, with
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a deputy said the end the end. the short term and interest rates are the going down that sort of saying this is something that the can also ink cartridge economic activity. and the short term the and the, as i said to, is broken comfortably increase it so that surveys on 60 percent to 70 percent results of damaging the international. uh, cuz they really did look at as the perhaps fast. so this button, not that for this duration, but the for the next in the generation and the front bulk of the, of the higher dep. alright. rush it, we've been talking about gaza so far. there's in this discussion, what's been the impact of all of this on the economy of the occupied westbank. actually, what we just heard about these early economy is in fact very good. that provides a good backdrop. you're talking about the economy, which is like $150.00 times the size because the economy, it's these early economy and of course as, as was explained as
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a whole range of policy insurance. so the, on the other hand and the occupied must bank and particularly, but the opposed to here economy in general is a fragile open economy. it's, it feels the shots immediately. it has no shock absorbers of the, you know, in terms of institutional policy measures or, or resources. so the, from the 1st day of the war, not only as we watch gaza be found in the dustbin, it's economy rendered. affectively moved, the westbank began to feel the various ways of as rarely policy measures. the 1st, of course, was the restriction of workers about the suspension or cessation of post and in workers being allowed to access throughout the market. so that's already 150180000 workers. 20 something percent of the west bank labor force. bringing in a approximately $300000000.00 a month. close to $4000000003.00 and
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a half to $4000000000.00 a year, which is almost a 20 percent of the g, n i or, or 15 percent of national income. so that was the 1st shock and it continues not only to reverberate, but to deepen in terms of people have not yet been allowed to return in. and we are assuming that we won't be going back to work in israel in any major way. and on the other hand, now you have a, a related but some of the impressive crisis in, in the form of as was mentioned, you report the cut off of a clearance revenue. so, due to the p, a for these last 3 months, i believe was close to over a 100 over $400000000.00 in trade taxes. the israel usually transfers to the p a. but in the 2nd size of the war, it was an adding to its usual adoptions, new, unilaterally dr. deductions supposedly to, to talk about money reaching because it,
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anyhow. so the point is that that's another one of $39400.00 mil, $1000000.00, which we should have had pumped into the market. so there is a collaborative, this be gone and we'll move joe, right. as we go, the gentleman that i'm afraid we must, that may just leave it. we're out of time. roger kennedy and roby license, and many thanks to you for being with us. as the taiwan is a global sunday, conduct the hub nations with an interest in the advanced chips have kept a close eye on the islands presidential election so much. so in china, which claims taiwan has its own territory to be taken by force if necessary. opposition to type a reject. taiwan is new president is in favor of independence and his victory is being seen as a phone and badging side. but managing relations with china isn't the only challenge facing the new president, taste pledge to fix it, cannot make problems such as inequality, unemployment, i'll just say was totally changed reports from type a speaking to voters ahead of the elections here in taiwan,
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there were 2 big issues the forefront of everyone's mind, the 1st with china, angry rhetoric coming as of beijing, an increase in tensions of the taiwan straits in recent years. and comments from chinese presidency doing things. the return of taiwan to china. it was inevitable. people were also really concerned about the domestic economy rising in place and the lack of opportunities for young people. well, the election is now resolved, but the whether it was the man of aging certainly doesn't want to see empower. so what's that going to mean for the economy? china is dealing with some unprecedented in no economic situations, but they will try your best to keep everything under control. yeah. so you know that they acknowledge the existence of the problems and they will try to figure out some solutions for that. but taiwan has had an a sump. it's leave the island produces about 60 percent of the world's semi conductors. vital computer chips
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essential the manufacturers around the world. i think somebody comes out or is this one factor contributing to, you know, the mutual willingness to cooperate. but this is not enough. if we only rely on semiconductor, i think tyler stone, president elect lighting the ones that far as the mentioned, specifically the semi conduct the industry in his victory speech saying that i want most invest more. more generally, people here a very it was they be right at the center of global attention for the last couple of weeks and now the election is result. think the hoping that the focus will move elsewhere and they can get back to business. tony chang al jazeera, accounting, the costs in taipei, taiwan and china have complicated political relations, but the economically into twin paging has long been typeface largest trading partner bought, tie when he investments into china,
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plunged to the lowest level in more than 2 decades last year. as you can see here, they've dropped by almost 40 percent year on year to more than $3000000000.00. investments in china picked at almost $14000000000.00 in 2010 time of these companies on our boosting investment in the us, europe, japan and other countries is joining us not from hong kong. is gary and who is that senior economist at? not 66, a research fellow. so at the central european institute asian studies, i could have you with this gary, economic issues like unemployment in equality and housing affordability, affordability was we heard major concerns to votes. as in this election, do you think the new president can deliver on all of those well into if you look at the situation in taiwan right now, actually the economic growth will pop up. it'll be by slightly in the next 2 to 3 years because of the global stick inquiry. but the biggest issue she is not about
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how much the economy grow is because of, um, uh, basically how with the residents chemistry street with this uh, grove, the course um we have heard of the structural par brenda's from and they quoted t o o. as in car broke like a very fast from uh, price of scope, etc. i'm in all of this or friends of basically something that has been rather long term, and voters are actually finding solutions out of the latest administration. so this is into that for a big challenge, that why would it you face? but the same time we cut off for kept up actually up to the people not have the majority in the legislative again any more. so this will probably make his life even harder. yeah, i was gonna ask you about how difficult it is gonna be for the new president to get anything done really. we will see more predict the code drum in taiwan legislative council to which basically means that we do expect to, in some of the general policy, like uh, uh, basically on this a participant doctor,
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on the pre achieve must resistance. i refer for some of the audit every is this with more disagreement like energy or social issues. it's quite cost to get things move forward. so definitely it's quite a might need that this sort of difficulty 9, the entire level will result in the slow up potential groups that you talked about about social issues. i read the, the many a commentators argue that with an aging population in the downturn in industrial production anyway, taiwan should be completely reinventing it's economic model. do you, do you agree? if 1st of pitney cannot make a structural taiwan? if you look at the past, let's say 2 to 3 decades as many very similar come to the different industry. so it's quite hard to see how timeline can be read from that in a very short time. because even if we look at some of the new sectors, like on the featured intelligence, electric b coolers and bacteria, some of the things to tell him can actually do better in the future that or
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electronics relates. so thoughtful to that, that is something that taiwan should keep but on the other hand, where the tunneling should find ways to diversify in developing uh, like is financial industry pension or, or. ready like a tourism industry and a great to wait. i totally agree because some, if you put too many x in one bus could usually when you have the what, sorry, huge head winds coming down. that will be a cost to pay. so on. definitely, i think time on should find a way to diversify your util. carry about, about tie ones superiority if you like, in the, in, in edit tronics manufacturing, the china is ramping up. it's semi conductor industry. and so they conduct us full of pillows of, of the time with these economy. and how much pressure is that going to put on taiwan? so intense. uh, if we look at how fast china is moving right now, i would say this is probably a great to for it than any of you know, treat tensions that taiwan me see from any type of reduction from china. because
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this, this really is something that missed structurally changing the, in the relative a competitive advantage between china and taiwan, which will eventually get a page. and that even big good a bargaining chip in terms of managing this car cross trade relationships. so for taiwan, i'm the biggest china just that china has been using a, a basic rest. i owe money subsidies into ship manufacturing, which are really at the see of quite a bit of picture isn't the, it's do not comparable to the west or thailand, etc. but this is something that is part of the coming, and i wouldn't be surprised that in the future um, they will be over supply engine though, and chips which will hurt some of the time. and this trends and for the high end, it really depends on how this competition comes out. as for the political situation, gary, the badging has made it quite clear that this cancelled, that was not the one that it wanted to see when this election. how do you think bass is going to affect relation is ongoing relations,
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which already tends to between type a and paging. and where does the us come in to us? well, just a quick be many uncertainty, but one thing with searching is that that will not be any constructive dialogue between that the p p and the chinese communist party. and paging simply be course of this is not the preferred candidate that they want. and of course, so if you look at the statement that it's you should or by that to us tie one or 2 us or the complement is probably slightly uh, like, not as intense as many people may have expected, which still shows that i think the status quo seems to be the most likely scenario that we see here. that's what a u. s. oh, my oldest meetings with china right before the time of selection, etc. i do also share the same view with the no one really one to one into tell us treat right now. so of course, this competition will continue with the risk and training will continue, but probably it will also be a thought on the side of them. but to us,
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how far are the 2 countries will go in terms of this joe political uh contest and whether this will lead to ultimate i'm going to treat conflict. randy gets talked to gary manufacturing date for being with us on counting the cost. and that's a show for this week. if you want to comment on anything that you've seen, you can get in touch with us via x. i'm at a sitting on a x. please try to remember to use the hash tag h a c t c. we need to wave the trucks a line counting the cost of i'll just 0 don't. that is our email address. as always, this table for you online. i'll just do a dot com forward slash c t c. that takes you straight to a page of day. you'll find individual reports, links even into episodes. these accounts. but that is it for this edition of counting the cost. i'm a 3 instead of going for the whole team here and so on. thanks for being with us. the news of the houses here is taxed
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the latest news as it breaks the word on over a 100 say it has left many feeling like you will never end with in depth reports. many thing that is known as victory until all the caps is a go to the price, even if that means an immediate and from the heart of the story, palestinians here say destruction caused by is really forces is a form of collective punishment. and the israel is attempting to turn them against the resistance and on the federal tax upfront takes on the big issue. that is a context to what is happening now. it says it's context questions, professional and unflinching questions. rigorous the bank that he added to 2 days that another cleansing is taking place. augusta, nothing goes into gauze or without us of permission. nothing leaves about that without result. permission to allow me to push back for a moment, demanding a ceasefire, demanding an end to the root causes of all of this violence upfront. without 0,
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the award winning deb investigations, the gift compelling insights into total storms from asia pacific 101 east. on out to 0, the, [000:00:00;00] the alarm 0 venue if you're to have you with us. this is the news, our lives from doha coming up in the program. this, our iranian media say the for military advisors from a runs revolution regard has been killed and the suspect it is really striking, damascus casualty, sore and gaza, is really strikes of less than tire neighborhoods and ruins. at least

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