liberation army recruited yugoslavia as find this camera man to join the struggle and seize control of the narrative. decades later, a trove of unseen archive is uncovered in the great the images of the minds behind the lens. now, for the contributions to jerry is independence, scenic, or religious, a witness documentary on the hello. i'm adrian said again, this is counting the cost on out to 0. your we can look at the world of business and they couldn't mix this week. us dep continues to grow its own tracts to reach more than 50 trillion dollars over the next decade. should americans and the rest

of the world. people are rich dumps with nomics taylor swift concepts of set to boost local economies. but does the american 2nd travel big economic influence as well? many european nations are exploring a shores of work with greece. is introducing hong office hours. but little, the 6 they showed you the, the u. s. is more than searching for trillion dollars in debt. that's almost equal to its entire g d p. the figure is big, bigger than any of the nation's debt. but does that matter? when washington issues the world's leading was of currency? a new report by an independent fiscal watched august, now sounding the alarm among financial experts. the congressional budget office says that by 2034 that is expected to hit 122 percent of g d p. that would be the highest level ever recorded borrowing changes in tax and spending policies. so

could the tired of reading get out of control of the us default when it's debt. we'll discuss that, but i'll guess shortly. but 1st, alexandra bias reports more than 50 trillion dollars. that's how much the us government is on track to. oh, it's creditors by 2034. it's an watering number, without precedent. it will be larger than the countries entire economy. 122 percent of us g d p higher than at any point in history. the us already has the largest debt burden in the world. and the government keeps spending more than it's bringing in. every year it borrows to cover that gap. the money is going to social services like health care, as well as defense, but a huge chunk of the budget is just paying interest on what it borrows. and thanks to searching inflation and high interest rates, that's getting more and more expensive to do. critics say it's the very definition

up on sustainable a spiraling debt truck to. as of right now, the us spends $2400000000.00 a day to pay the interest on its debt. more than it spends on the military by 2034 . that number will be more than $4600000000.00 as much as it will spend on medicare . and that's money that can be spent on the things the country needs, roads, bridges, health care, and education. republicans and democrats blame each other and in deep political gridlock during an election year. can't push through the solutions they need. tax increases and spending cuts, social security, medicare is off, is off the books now. instead they kick the problem a couple of years down the road with stop gap measure is the only postpone yet another tax and spending battle. you don't have to turn on the news to see how tough things are worth. $34.00 trillion dollars in debt or having to

borrow money just to make our interest payments. china own some of that debt. and i would love to tell you the job i did that to us. but i have always spoken in hard truths, and i'm going to do that with you today. donald trump that are republicans, did that to us to, to the american public is already under strain. the cost of owning a home is the highest in 30 years. i feel for those people who are struggling and need to get out and get some place before it's too late before they're out of the streets and money feel less optimistic about the future. i think because of how expensive it is to live now, and a lot of people depend on like their financial situation to make them happy. and it's, it's the struggle when you don't have the financial stability to like live and the

us that spiral threatens far beyond its own borders. in april, the international monetary fund warrant, it poses a significant risk to the global economy. it drives borrowing costs worldwide, and fuels inflation, leaving billions of people potentially paying the price for american economic policy. alexandra buyers out 0 for counting the cost. let's take a look at just how big the us debt is $34.00 trillion dollars. is one of the value of the economies of china, germany, japan, india, and the u. k. combined, it amounts to $259000.00 for each household. on $101000.00 for each person in the us. it would take 22 years toward paying down the debt. if each family contributed $1000.00 per month, the vast majority of us debt is held by the public and foreign creditors through

bonds and other borrowing instruments. the rest of it is held by government programs such as social security and medicare. its debt is held by the public as a share of the economy. the worries economists most the debt to g d p ratio measures just how much the us owes versus how much it produces at indicates if it is able to pay back it step. now that ratio is expected to reach 122 percent of gross domestic product in 2034 dwarfing the nation's fiscal position, following the 2nd world war. for more on this, let's talk to how it read. he's the director of land from economics, and he joins us now from coaches to in the u. k. godaddy with this. how so? how long is this report then from the congressional budget office to well, i would say is no, actually what i was a, the upfront numbers look quite big is no, actually that allow me because even look at some of the countries awful, japan currently has a debt to g d p ratio of around 250 percent. right?

so about in terms of us, relative to the size, these economies go twice as much that as the us. and there isn't really that much concern that japan's guy and the phone. there's a little bit of concerns, but not much inside of the us. what yeah, well stays down because a big in the context is that during, you know, the eighty's and ninety's for example, where they buy still a very long way to go. and when we talk about that, what, what do we mean? i mean for, for you and i, if we're a data, talked out it's all credit cards. we owe money on all or loans or, or a mortgage when a country is in debt. what does that mean? well, it means that i am, i have better is that the body in some, some of that, that is, i didn't assign why you to con, following credit says of, you know, by the cool, for all around the pension funds, etc. some of that, that is that she owns probably us institutions as i that becomes a big lot the last time during the right. and um,

and the other thing. so the other thing to point out is that the, um, the us issues its on currency. so the apple even fee rate, it come actually goes bankrupt because it could, why was issue more currency to pay off the debt. that's not necessarily a good thing today because it could increase in price and it could the value, the dollar except you're part of the us. so, oh yeah, accounts you the issues, it's on currency, i'm having allows, there is no the same as a household or cool price. and having allows that there's crease, there's decrease your difference that you can assure resign currency to service that, that so do you mean how does that there's no danger that the us could default on its debt. i think there's 90 times of us could default unless for some reason now she wants you to default, which is on lot of the sometimes countries have decided in, in the cost the opportunity developing comes to the she be easier to default and kinda start afresh then trying service, the service, the debt, but the, the us,

you know, technically doesn't have to have a default on the space that is know that there are certain drawbacks to having a very, very high debt to g d p. right? sure, i'd be went into several 100 threes and thousands of percent because, you know, i'm servicing that that could create inflation, could reduce the value of the currency inside. you know, i could my people were a sofa in the longer run, but that wouldn't be a default. it would be, yeah, of the kind of economic problems that arise from that for us consumers. all right, so i could make americans worse off in the longer run. what about the rest of us, how we affected by this? well, that's a really interesting question. i don't always become so ready back clear on that. to be honest. i mean, we heard in the, in the, in the video you productively, you have me on people assigned that extra us boring, could, could started configuration. but i think that's very much the jury spit out really on whether that's really the, the, the cause of the racing cost of living crisis and inflation that we've seen.

because we've seen inflation and shipping in across many industrialized countries, the u. k. the use of other countries as well, but most of them haven't most and don't have the same kind of size effect to g d p ratio. haven't had the, the, the, the increase in that, that cd p ratio of the rest of the last few years. it seems more like either this related to probably be 90 and the recovery and kind of like 90 did the things lots of probably both. so next i'm prices rising for produces, improve cost $6.00 cetera. a driving and prices robust and mounting government that that would be my to my position anyway. okay. so why does that continue to grow? and there is, why did, why does the us continue to borrow beyond its ability to pay it back? and why does nobody in the rest seem to, to what to do anything about this? well, they pass a very good question. never 2 things ready. i mean, one is only on the spending side, there were a number of programs,

but the social security. medicare also increased military expenditure, a huge increase in infrastructure expenditure for the impression reduction of the by that ministration. put fix that needed to be done because shoes, parts of us infrastructure, simply forwarding to pieces. so it was a big price for invest the millennium side, moving to the rules 0, coughing, and converting the economy to lot of call. and so on the spending side, there's been a, basically an extra spending for on the top side of the trumpet ministrations. when it costs the types of cops i didn't $27.00 se, uh, reduce tax type person. i'm not to trillion dollars out of the 10 years. and so a lot of those benefits went to the most well and corporations. and so there's been a huge reduction in the amount of tax that the, the us economy is actually getting a now the point ministration is planning to write. those costs expire if boston is re elected in the coming election. and so the,

the american enterprise institute is full cost the, the, the, the extra, the extra tax type under the bottom plan will be around full trillion dollars over the decade. 2025 to 2035. and that we've got some why tools kind of helping product, the product, the how would it be in terms of, um, the gap between what the, what the us government spends and what it gets in. so there's 3 things going on. one is the spending alone and the other one is the note type. so you know, the 2 things. how it has been really good to talk to you on cash and the costs money. thanks and thanks for being with us. thanks very much and watch the video. thanks. she's taking the world by storm americans. think of something right. have taylor swift isn't just the music icon, but an economic phenomenon to stop by some experts. a swift know mix because when swift performs in town, she released hundreds of thousands of fans on the so called swift is spend a lot of money on tickets and services like restaurants, hotels,

and local attractions, driving economic growth. but the super styles, tor could push prices up on central banks, believe it or not, keeping a close eye on how fast is going to affect installation costs that goes spend on average of 1300 dollars each taylor swift arrows tool that is affiliated film is estimated to have injected billions of dollars into the us economy. arrows is the highest grossing music tool ever. on the 1st to reach $1000000000.00 in total ticket gross sales globally. swift will perform in 18 european cities in the coming few months in hotel prizes across concepts. cities are expected to increase by 44 percent on average. according to a recent report by lighthouse, london is hosting more swift performances than any other city in the world during the 700000 people in 3 days. a report released last week says the mega stops, concepts will boost the city's economy by around $380000000.00,

a bar trace consume a spend research found that swift store is expected to boost the u. k. economy by $1260000000.00 for a challenge, reports from london. its being cold swiftly, no makes the genuine leaf economy please think affects. if they scroll down to human well tool. $380000000.00 for the london economy. according to the london mass . 1.27000000000 for the u. k. economy, according to follow these banks and eat super friends, he unsafe streaming towards wembley stadium behind me. what is spent on average, a $1000.00 each on tickets travel accommodation, foods, outfits off the policies, etc. so you can see the money is rolling and i'm assuming you might have spent that i'd say that maybe a little more. sounds about right maybe per ticket, right? but ticket, but then you go to accommodations to serve on airfare and then you put

a number on it. like that. would, you know, hasn't been expensive. yeah. yeah, i would say that's a good combination. outfits. yeah, yeah. so we paid $95.00 pounds for to each 1000 from the top 10. i managed to get pretty much every single vintage. so our it's time out for is going for about 40 quest. we thought it pretty well when i punch it by, i'm doing 2 more times. so i've got to make the money. you know, just say what? no, i'm good, i'm good. i'll come in twice again to wembley. and olga london is one of the richest cities in the well, they puts on hundreds of thousands of musical and sporting events every year. but the man's office knows that this is on a different scale. let's go to his property as any diehards with the boasting that london is hosting more tightest with confidence than any other city in the world. and that 700000 people are least, will have seen her live and not since the beatles, old elvis presley madonna alarm,

or michael jackson has the lock of this being seen. and if you're looking at just the cold, hard cash, not ever for accountants for cancelling the cost. joining us not from funding. i miss maria cielo, who is the assistant professor of economics at the university of dunning, i'm good to have you with us for it. now, as an economist, what do you make of swift? no makes. is it a the best i can you live now to a wrong way? i didn't tell him in so much bye. he is speaking. following the results of the presidential election being announced that listen in no state. a long end of the 1st stage of day 14 to the round of the presidential election, the headphone called the john why it was actually the managed fox for the and how many ones mold dealing the last few months. because it was already successfully

told to get that and to hop on make a big vote on each falls at the 14th sound of the day presidential election. you all got the meeting and the me to the tony shake for 2 days off the model. you're gone all day. yeah, i think. all right. you see that and the comment each falls chatty. go to reading a 6 your pace ball and it falls at say use got on by the amount of them as is a competition and value of the, of a better sense of all people. the football game. each year was done yesterday on tanks called a site about the continued on t 12, the meeting going to and also the,

the loser. so counting was completed very quickly and a tall eat continue out 311, a. m and fall, you know, each month i know that results lots of canals and don't information reached to our people. and the, these demonstrated value by this time don't we are enjoying this and be sure that the dean and limited period of time like any other thing that we probably could somebody complete on saturday out to the wrong feet was materialized and demolished toyota dom of the i a to a lot with a c, d, not the staff, my searching process in our election. i need to change out on the, on, from the colorado who was covered there and the executive board and the whole. yeah. that constant of guardian,

beautiful and from demetrius threes, invalids, especially the day for the ministry which was in vogue at completing the election outside of the country, approved and all the relevant organizations out of georgia. and also from the security forces, including federal john who had the responsibility of cutting out a safe electron process. and also, so i have 2 times from how do you know his colleague today a, they made you all set up an sima tags and you saw the dentist, people so about how you and so those team on managed to reflect to own speeches given and the most made by a candidate and how long people are quote it to be

a could become available of a day point of view of the candidates. and i also tanks the candidate as including those people who quit the race and those people who a state and a demo straight eh, eh, eh, highest 11 of mortality and especially at dave heads, clock has a share and they tried to be get low. i expose my get action to your to lots of time. and also i appreciate you main the ad from out. people who came over the say the value of the prisons in this process and all the to during the last few months, the had to use all the elections, the depaul limon to the code and to section the rounds of

the, the parliament election and are always to know so to 20 it yesterday 28 of june. the managed to track you out. i know that election. now you can see that during the last 23 months. how or people have been involved in different election processes and get you to issue the participation was value at the back and right know of your getting prepared. you know, there to go to day and run off. because the 2 of a day at least the page to trying to day to manage, to reach to the next a stage. next friday, we have to complete the 2nd round and all the respect to the poll davis participate in the 2nd round of election. and i have to time to them because of this because the a participate had

a big mess and move man the guarding day mark. i have gone of the victims of the helicopter to clash and also on the events or have to take them full days. i can provide you with those offices, patient and put his ins and to decent ease eh, materialization of all the goals and the each shows at the role of, of people who are you know, politics and i have to order the men that 2 of our security forces officers vend dave at trans pull team. one of a, 2 of the boxes gave an assets in a tooth, a van attacked and asked us in a to and these to the list of people. in jackie pulled

a system on the bottle chest on provence. they have to, they mol, coyote, re, uh, completed this test page. and shortly they had called everybody and old people who were very involved and be the head of god, the get the necessary preparation for the next stage. all you have to mention my tell you i'm you have to log on because each of the value of those voltage it'd be transformed. but you may have funding municipally, the front of me to see which ones led by team at the end in the past. and did a quote, just get the participation of all people up road and we are hoping to get that date to try and the dates was supposed to try to miss eh, extracted people's vote from dave headquarters. they just obeyed. they

own a procedure of illegal funding vote and a good a more of a chatty out data volt. and the a trend have, i know that a good election in to follow the somebody who probably copied on and the show told people on the road. that's how the peacefully complete the important procedures and organize the events. i have also to tank food at the mid the for the medias and national made the tank to that. okay. that we were listening to the a ron in, in terry up menissi. just a minute still giving a speech just off the we got the results of the yvonne in elections. no single candidates got will the 50 percent. so ronald's will be going to

a run of vote next friday. let's bring in a correspondence saying, ahold of, she's been keeping up to date with all the latest that this morning. as those dates have been coming in, it was very close, wasn't it saying that lots of runoff iranians will get. can you give us a breakdown of how the results ended up? yes, this was a type the race and the main 2 contenders. approximately a 1000000 volts. there's a difference between them. a passive scans, the reform is candidates. he was in the lease but this just a slightly and so now the, the running us ortiz, are going to prepare for the 2nd a run off of run of presidential elections. this will be the only the 2nd time in the history of the assignment for public that a run of a boat is taking place. it was a very competitive race. it was also an unpredictable one, but that divisions within the 2 main camps in the country. the reform, it says,

and the conservatives, and then the divisions within both of these camps and the division between the society and the state. this all played a role in preventing one candidate from garnering the 50 percent of votes they need in order to prevent to a run off a low voter turnout. 40 percent that's less than the previous selection in 2021 which brought the late president abraham, re see to power the lowest. this is really of the, the lowest in the history of the assignment for public. it's um, it's not good news, neither for the conservative camp nor the reform this camp. it's a message from the people that you know, they, they, they need to change that their lives needs to be improve. we've been here for the past few days, and you can see the economic struggles, the hardships people wants their, their, their daily lives to improve. that is their main concern. and that's how they see

the role of the president in this country to manage their affairs and to implement policies that will improve their lives that will bring down inflation. and that's will improve the value of the local currency. as i know we so many people boy call saying this focus starts low. turn out. do you think you'll see more in fiercely as i'm in the runoff next week? well, it is hard to speculate whether or not voting behavior will change. well, the supporters of got about the other conservative candidates votes for jelly, in spite of their personal rivalries that prevented the conservatives from preventing a united the front or will. for example, the dissolution for to is go to the polls and vote for the reform is candidates because they fear a more hard line administration is usually wins. so a lot of questions that need to be answered. it's difficult to speculate. but really, there, there are divisions in and society. okay. they now hold on joining is live that

from so many science. dana will be speaking to say that again and just a couple of names gonna take a short break and then bring you more on the iranian election results. going to run a unique perspective. one picture is not going to tell the entire 8 months of the genocide. however, it is bringing attention to advise that this has not been rough and looks like we're off. it looks like it's hell on heard voices. we've been seeing the exacerbation of the militarization of the police over the past 10 years. connect with our community and tap into conversations you will find elsewhere, both in a region government and other companies are stealing indigenous land. the stream on our just the are holding the powerful to account as we examine the us as role in the world on o g 0. the

jet, the good the by the bucket. elizabeth us. i mean, yes, you see on that there's a big you'll see glass that i didn't get you setup as it loads up to what to do. there's a status. i mean, yeah. yeah. did he had he saw the shop for jen active in the next couple months, mostly by law. the for me the that is yeah. oh no hope you do to get, let me pick sheet the kind of good, the good, you know, you know, super, super no guy. you just got the money

you could include them in the google to punch on, move to it. and the so much says there was a money, the iranians, all heading to a run of those off to none of the candidates, secured enough space to win the presidency outright and election that so historic low turnouts. the other, the kyle, this is alan. is there a life window? how also coming up is there any times far as tens, housing displaced, palestinians, and what was declared st. simons of other parts of garza. i'm formed as well.