been in meetings where there will be announcements made to appease this crisis. he's calling on a national dialogue. nicholas hawk alger 0. the car north korea has fine multiple cruise missiles into the sea. this, according to the south korean military themselves were reportedly launched from the east coast space of one sullen and the 5th weapons tests. here john young has taken a hospice don's again, south korea wall fostering close to relations with moscow. and a group of russian taurus of the 1st visit has to venture into north korea since the pen demik. in this ken reports a smooth lie down a powdery slope at maximum young ski resort. in north korea, people apparently new to the sport, giving alpine skiing a tri. among them are russian youngsters making up a part of the 1st known to before and tourist inside the state. since it recently reopened, it's border on the chart itself wording we locked it right slides. each traveller

paid $750.00 us dollars for a seat. and what the tour company called a test toward delegation, more trips our plan for march. we'll go through each that, but we're going to see it's an amazing country. it's clay stalls. i'm perhaps that's what attracts everyone. people say they've dreamed of visiting, not create life. one past incense, they've visited several dozen countries, but have never been to north korea is coming to power. the swiss educated king john then has sought to use tourism to attract and much needed foreign currency. in 2019, he oversaw the construction of a new city, complete with a ski resort hotels and cultural and medical facilities at the foothills of mount pick to north korea's highest peak. it was a record year for overseas visitors, mostly from china. then covered 19 hit. his vision was put on ice and the country became more isolated. russia to has become more ice rated globally since invading

ukraine nearly 2 years ago. the war has ostracized russian torres from holiday in many parts of the world, presenting an opportunity for tim. last year. he and president vladimir putin pledged a new level of strategic partnership to south korea feeling y'all has slammed the door on future cooperation as a formalize the end to laws governing the mountain gun tours once held as a symbol of inter korean reconciliation. now shots, and definitely, you know, skim all to 0. so to um that sits on the elizabeth put on them, but i will be back in around 30 minutes with more of today's news. counting, the cost is coming up next and you can always keep up to date the news on our website on to 0, dot com. thank you for watching. the president biden says one to 2 state solution for palestinians and israelis. what

does anybody believe it's doable? what this is real for, i'm gonna say it back to us foreign policy and what are the long term consequences for the region and the world? a quizzical look at us politics, the bottom line, the hello i my name site. this is counting the cost on. ouch. is there a, your weekly look out the well, the business and economics this week, the american economy is on a wrong. why has it pulls so far ahead of the rest of the world on? is it a waiting for president biden? also this week eve bomb is a furious governance across the block, have race to address the grievances on the european commission has given grounds.

but is it enough on bod from exposing big money and it's like cold? north korea looks to false eyelashes. to show up. it's economy, the 2 political tensions. the pandemic lingering off the shocks. high inflation and steep borrowing cost countries across the globe have faced multiple crises for months now. just last year, the wells biggest economy, the us among others, was at risk of recess sion. today though it's g d, p is growing faster than expected. stokes us soaring and the job market is hauled. the american economy is not just strong, it's also powered ahead of the european union, the u. k. japan and all the advanced economies. why is the us so resilience fenton model have has well, many had predicted recession,

but the latest job stays is suggest the us economy may have whether the storm us present. joe biden is hailing the turnaround at this time. his policies are working ration wakes are starting to see real evidence that america centers are facing real confidence in our economy. we're building the u. s. economy at a 353000 jobs in january, nearly doubled. what some analysts expected. the math is predicting that the us economy will go to point one percent this year. that's far more than comparable, developed economies in europe or japan in another positive sign. the federal reserve says interest rates may come down within the next 12 months as a signal that inflation is coming under control subdued. we believe that our policy rate is likely at its peak for this tightening cycle, and that if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year. because of the american success story is less clear,

some point with young population making for a more flexible and productive workforce. the single biggest reason why the economy is growing, because you are the best workers in the world and that's not hyper believes. now you really are really are leverage as well. everybody does better, but there are other factors toward ukraine disrupted supply chains that goes major economic shocks. but this in europe and other regions, much harder than the us of the american economy, is also been propped up by high government spending. stimulus packages, put money into the economy during the cobit $19.00 pandemic. and that's continue through biden's infrastructure initiatives. so i'm gonna call them this warrant. these policies are piling up debt, both of the government and consumers. i think we need to remember that there still is a decent amount of the actual fiscal stimulus happening out of out of d. c, y. there is a monetary policy that's just contracting

a credit of that fiscal policy still. ready is helping product up to, you know, the us consumer. and then unfortunately a big part of is also consumer debt. if you will, credit card uses it is, is well up on a year of your average. the challenge that facing us policymakers is making the current economy sustainable. and staying on course to avoid the recession since monahan, how does 0 for counting the cost? okay, joining us from st gallon in switzerland is solomon evidence. he's an economics professor at the university of st. galyn, thank you for joining the program. so i'm in warranty, you think the us economy is powering ahead of the rest of the world. war 2 things will pull them into place. the 1st was the relief in global supply chain pressures in the united states. i was, i think, a fact to which has enabled supply to expand that supply doesn't expand and this, there is additional demand. as you have just heard, there was lingering fiscal stimulus. that's one factor by 223. so american

consumers spend off the trillion dollars more than they did the previous year. so that's a big boost. on top of that, you had a $100000000.00, sorry, $100000000.00 of extra manufacturing investment. and then a $100000000000.00 invest improvement in the net export balance. so you add those things together, you get a very help the economy, and that's exactly what the americans have been enjoying. well what, what about when you compare the industrial composition of the 2 countries? but us, for example, is a very focused on technology. it's seemed to be a head when it comes to the race. so not official intelligence to what extent is not helping us. so the amazing developments in i t up being very tired, especially all special intelligence, will be particularly important. i think for pushing up the stock market valuations, all the relatively small number of firms. i don't think that that is yet translated into a major, broad based macro economic improvement which be,

which would arise from productivity gains. so i think that a lot of the headlines stop receiving the financial markets associated with a like is laying the groundwork for future productivity increases. now those productivity increases don't necessarily have to be confined to the united states. europeans, japanese try these, people can use i tools as well. the key question will be how quickly those tools, those tools diffuse into productivity gains, which countries still the much on that particular improvement. when, when you look at all the headline numbers that we're discussing here, consumer spending is up the job numbers up the employment market is called yet the, the, when, when it comes down to how people actually failing in the united states, they all still very conservative about the future, that's right, and that's something of a paradox is the over numbers that you've described are indeed moving the right direction except the classic consumer sense. but measure from the university of michigan, which is about 20 points below where it should be. ready similar point in the cycle

and that is the. ready the thing that's going away on the election outcome various if you dig into that consumer sentiment index a big divergence between democratic voters to see things going pretty well. and republicans. ready is what i need just now improving that can seem essential numbers, but nowhere near to the left. ready democrats, and so you have this up, the section of reality mixed, mixed match. the interesting question will be whether that translates into a very different birching happens. and if it does, then of course it's gonna weigh on the chances of president bivens re election to why all consumers spending so much if they don't actually feel rich to it's, it is a, it's a great question about, i think part of the answer to that question is yes, nominal wages and started to catch up with. ready inflation, which they was experienced in prize, but secondly, americans do have a, do have quite a lot of money still from the stimulus. checks that they received from the federal

government, which they have re running down. now the money is almost gone up, but in 2023, a lot of that money was being spent. and as one of your comments, i just said earlier, people operate more on their credit cards as well. so put that all together and you do get quite a half consumption expenditure increase, which is what we saw last year. what do you say policy wise going forward given, given we're seeing a, the sort of boost of numbers in, in the job market where we see a reg caught a went re, i think if we said it'll be towards the end of quarter to, but not before and then once we get it into the pre election era, the fate will be very reluctant to be seen to be customer interest rates or raising them for that matter because it will be seen to be picking sides. so i suspect if anything happens at the last the happened before the end of the 2nd quarter, and even that will be fairly tepid. i think the main reason for this is the fed has a very low cost in waiting. there's lots about the section 3 of the world economy

when you look at the different flash points but you're out. the growth is as you said, around a still kind quite strong. ready so there is a concern with inflation might not pertain you write this quickly. so all of his points to a cautious page, not want to interrupt about drink 2024. if we all comparing your to the us, what has been the biggest difference? do you think, is it inflation and how it's been tackled? why have the europeans locked behind? so europe is locked behind for at least 2 reasons. one, they haven't has the same consumption boost of it to be certainly in our sites. and that's logic because your opinions save a lot more. i'm fat multiples or the as some pictures of the west income and then americans. and so they have europeans and not run down their savings. and on top of this, we've had a huge energy price shop, which is really not a lot of european manufacturing sideways. if you look at the numbers for german

industrial production, which were pretty sick before, the invasion of ukraine, based out really called into the negative territory and germany assessable hockey tube. here's the hall part of the european manufacturing in front of me. so the combination of cautious consumers and manufacturing written up sideways by high energy prices. ready a long way to explain why europe is languishing, so i'm going to get good to get your thoughts. so i'm an evidence economics professor at the university of st. galyn. thank you. thank you. the bomb is across europe say they can no longer make and living. they blame rising costs cheap and ports green policies and heavy regulation. they've left the fails and taking the grievances to the streets on the intense pressure the european commission has buckled on ease some of those environmental plans. national governments have also made concessions,

but many farmers say more needs to be done. culture lopez who to young has more all across europe, farmers have stage widespread protests, blocking roads with tractors and disrupting traffic near government buildings from france to germany, belgium in italy, they c e u regulations are making it impossible to get by with demonstrating against europe against the common echo cultural policy, the bureaucracy and the countries are the placing products inside the country without health controls. we just can't compete with the agricultural workers are angry about low wages, heavy regulations, and the influx of cheap imports. lower prices on foreign good. stacy is pushing them out of business would be avoided reprocessed even because we have very high agriculture. sudden it's the most kind of a long list of requirements. a we demand the imported goods and also none of those

same standards. imports from ukraine is another issue. following bush's invasion that you issued a, tara free entry of your cranium, farm products as a way to support keith farmers. a cheaper in ports are driving prices and their income down. agriculture accounted for nearly 1.5 percent of the use g, d, p. in 2022, analysts say the figure may seem small, but it reflects the livelihood of millions of farmers throughout the continent. now the e. u is scrambling to address concerns ahead of the european parliament elections this year. the commission proposed sure, which is the worst, the aim to reduce the risk of chemical plants production products. but this to a proposal has become a symbol of polarization. it has been rejected by the european parliament. so we

have to do something. and that is why i will propose to the college to withdraw this proposal under pressure. some countries like greece and friends have announced concessions like protections against unfair competition and a freeze on diesel tax. some say it's not enough that you're all there is one year, right? and in europe, we should all have the same restrictions, the same norms and no on fact competition. farmers are calling for more concessions to manage the high cost of living. failure to do so, they say could lead to a loss of jobs and of billions of dollars in the agriculture industry. how to you a little bit. so the young alj a 0 for counting the cost. joining us now from what getting done in the netherlands is to run in candle. he's associated professor of food on agricultural policy as like an engine university. thank you so much for your time,

sir. so all farmers writes about all that grievances is the european funding industry in crisis. well, i think they're right in the sense that there's a lot of uncertainty. so we see that it's palm is a be bush to compete of the world markets that to produce against the lowest cost price. but at the same time, we also know that you have to go to sector in the food system in a broader sense, are responsible for about a 3rd of your being very nice gas emissions. and that's uh, it's farming is the biggest driver by diversity. and also they also face a lot of well and the grease of environmental regulation and to many fall most that's just a makes that there's a lot of uncertainty about the future of the business of farming makes up such a tiny part of the g european g d, p 1.4 percent. so i believe so are you surprised that we've seen such concessions from governance? but even though finding itself is around a mix up the other the small besides and show the economy,

you can say broader every foot sector. so the whole industry around this much larger and traditionally the coastal sector as always, how much political influence vote and brussels and international capitals. and we see that the influence is now to be used to try to water down some of the, the environmental uh, legislative proposals that have be made by brussels. right? as you say, we've just seen the plans being scraps of these. um t pesticide proposal. what does that tell us about uh, the blog foundations when it comes to green policies. but the person, the worried by how quickly the commission is withdrawing some of these. a legislative 1st proposal that they've been negotiating about 4 years now. and european union has committed to international improvements on biodiversity all on climate change. it's not on track to meet those commitments and the fact that there's no skill back, some of its legislative proposals on pesticide use on climate change appointment

policy. and we see that you have to go to the sector as law to be an extent that's from, for example, you use private policies. i think that's pretty wordy. animals are no longer to make that problem as will well uh, continue to faces. uncertainty, inflation across europe has been a big issue and governments have been trying to bring down the price of food. but that's coming out. the cost of farm is how, how difficult is it uh, for policy makers to, to get that balance right between a, you know, making everyone happy essentially. yeah, it is a challenge. definitely. um, but we seem to pull the piece of smell. it seems to suggest that inflation is a, is a result of sustainability measures. and i think as legal evidence for the claim. so we see that inflation at this moment is already being driven policy by the effect of climate change. but also because the food industry has as increase its

price is of beyond installation over the last few years. so we see that farmers in general have relatively little bargaining power in relation to the, for the industry. and every day there's an i think that is one of the main reasons why why they face these, these are these insecurities. the other issue, of course, is trade deals that your is making with all the partners around the world who are not necessarily a facing the same sort of environmental costs as the ones in europe. again, another tricky balancing act and you called me really blame farm is for being upset about that. yeah, you know, many public groups complaining that while the us is raising in standards for its own farm, is that at the same time is negotiating trade agreements. for example, with macro sure, a group of, of latin american countries that do not necessarily comply with the same environmental standards. and that's also why the french president my goal and was

face a many of these problem abroad. this is now putting a break on america. sure. a trade negotiations, so you see that uh yeah, there is a bad that the father of control was these bills over into trade policy. definitely . yeah. are you touched on this already? i mean, agriculture accounting for i been a 50 percent of global greenhouse gas emissions. i mean, that's pretty huge. it is, you know, it is pretty necessary that farming practices all going to have to change if we are to meet those targets. so how do we go forward from this point? i fully agree with the international panel on climate change. this is quite clear that we really need to radically change of our production, but also consumption practices if we're going to meet these, these, these climate targets. so i think what is needed is, is really that the governments provide legal services to the farmers that they come up with be a long term goals of the greenhouse gas emissions of the technical just like it

needs to go by weight. and then other than uses but money because a 3rd of the european budget spend on culture. pardon the logic goes to the status quo. oh, so many sizes propose that you use that money to help us make that transition rather than just subsidizing them for or having lance as is certainly being done. so you could health problems to position their businesses and to provide public goods to society. okay, really good to get your perspective drone candle associated professor of food on agricultural policy at within the university. thank you to now north korea is known for the manufacturing of miss solves the sector is one of the nation's largest employers and contribute significantly to its economy. upon young is turning to a less destructive product to raise hod cards. the i'm scope sanctions imposed on

its nuclear program. millions of dollars in sales of false eyelashes have helped revive the nation's exports and last year they all marketed around the world as made in china. attorneys funds actually import the semi finished products from north korea. and once complete, they are exported to the west, japan and south korea. beauty products like false eyelashes on subjected to international sanctions, but they may violate bonds imposed by the united states. according to the chinese customs, dates of north korea, expose it around $1680.00 tons of false eyelashes bids and wings to china in 2023. now those exports were wes around a $167000000.00. wiggs, all ashes make up almost 60 percent of all the clad north korean exports to china. joining us now from she's woke up in japan is severe a type of sheets. he's professor school of management at the university of she's

woke up many thanks for joining the program. so north korea cool isn't having nice people is known for its nuclear weapons, but it turns out it's biggest exports a lot more innocuous and the fullness of our last she's in whigs. i mean, it's an extraordinary the amount of explosives that they are sending to china. absolutely. um, because of the strong sanction they are utilizing this methodology as a loophole. and as you just mentioned, it is a large sum. and the fact that they're utilizing china means that they are trying to get away with various issues, including, you know, the corporate csr, corporate social responsibility. many of the western nations, things in japan shouldn't be able to use these products because they violate, you know, human rights. obviously these north green workers are under forced labor. some suggest that, you know, 90 percent of the income is taken to king john you. so basically,

uh they are utilizing this and utilizing their ties with the china to basically ward off the sanctions that are being imposed on them. a seizure just to be clear, a lot of the jump in demand that we've seen that's come only since the pandemic wise, that as well. there has been a hold of trade between china and north korea because of the pandemic is you just pointed out, but that's been lifted. and then there's been a boost of increase that is taking place. and obviously this eyelash that's made in north korea is a lot cheaper and also a very high quality, even from the chinese point of view who are used to low pricing. so obviously there is a very strong demand by the chinese in these products. the 2 types of sanctions at stake here on the sanctions from the united nations and then they're separate sanctions that are coming from the us against north korea and products which is become an issue. well, actually, both, it should be, you know, the former,

but the latter we're seeing, you know, the world again many between the united states in china and obviously china is utilizing north korean is a recognizance dog. uh, but you know, the bigger picture is of course, the universal sanction that you come through, especially, you know, on issues like human rights and many of the other issues that north koreans are violating. but at this point, you know, because it is such a close border country that it has virtually all the tides of trade with china, it's very difficult to pass a sanction to north korea. so how lucrative is this trade to north korea? i mean, a $167000000.00 worth of exports doesn't. it's a, it's sounds like a lot, but it's not actually that much. is it? well, from our perspective, from the free world perspective, it is very small, but from north korean point of view, as you pointed out, it consist over 60 percent of their total export. that is, of course, the official,

you know, disclose number. and we all know that, you know, they do have a lot of arms and that is basically legally, you know, exported to many other countries. so i think we should see this number with little more than just a grain of salt. right. and you, you mentioned force labor. i mean, what do we know if at any benefits on the korean? no korean people a tool from this income some estimate that they probably get something like 10 percent, but obviously is better than nothing. it is the country that has basically been starving so, and at the same time there is no option for, you know, the north green workers to go otherwise. so, you know, i think they just don't have any other way. that is why it is labeled as a forced labor, i think. okay, so you are really good to talk to you. so jared talked to, she's a professor of the school of management at the university of she's working on that as off so. so this week get in touch with us on the x, omi,

known as which app molly, inside the use a hash tag, a j, c t. c. when you do or you can drop, send e mail counting the cost. announce, is there a don't. net is the address on this multi online i out, is there a dot com slash ctc, which will take you straight to our page, which has individual reports link in time episode for you to catch up that is it. so this edition of counting the cost, i'm on site from the whole team. thanks for joining us. for news on al jazeera, coming on the latest news, as it breaks the actually came to the civilian medical facility and what seems to be a targeted assassination with detailed coverage. this is not the only school that has been targeted schools in the cause of ship are not only schools, there shelters and graveyards,

and phyllis journalism allegations of georgia has increased during, as well as will in garza from b things to withholding medication. they fled from the world's most secretive states. now young north koreans are finding statement, fortune celebrity influences, but to shining a light on the home of kings and bring danger one. 0, one east meets north. korea's influence is coming out new lives online. despite the risk on al jazeera, the most direct way for her to get into the brain is by and hailing back in my day to get tucked up all the time. so you're bringing the nozzle up to your mouth. yeah, and i would go through how many times do you think you'd be interested in? oh, my 100. and so why you were spring? did it ever occurred to that? what your spring might hurt you? hers?

i have plans for people. so who do you hold responsible for? what's happened to the southern gauze is largest health center is on the siege. people trying to free and also hospital instead of being followed up by his reading sources who told them to evacuate the alarm and then put on them. and this is all just in your life. some doha, also coming up a camera man and of the challenges 0 corresponding to critically injured. and it is really drones tried near to free them. but this is a fundamental condition for people

to be able to know what's really happening.