all mushy to. all the israeli army has close roads leading to the village of qana lama in occupied east jerusalem which is scheduled for demolition and scuffles have broken out between soldiers and palestinian protesters angry at israel's decision to flatten the village to make way for the building of illegal settlements imran khan has more now from coma. on friday the palestinian commission on walls and settlements issued this statement in english and hebrew saying that any israeli soldier involved in the demolition of a law will be prosecuted in the international criminal court now palestine is actually a member of the international criminal court has been since two thousand and fifteen and the statement which was issued in arabic just a couple of days ago says that the court's decision to demolish the village and forcibly evacuate its inhabitants flagrantly violates the right statute and is considered as a crime that falls within the jurisdiction of the international criminal court now

we've also heard from senator us senator dianne feinstein she says via twitter israel must not demolish the palestinian community of qana last month the only reason to destroy this community is to expand the by israeli settlements and split the west bank in half the potential for peace depends on what happens in holland what so we've had a lot of international condemnation the european parliament in the last couple of days and now the u.s. senator dianne feinstein using twitter to get her message across the international criminal court is also another avenue that the palestinians could potentially to see if this demolition takes place however the residents of the activists here don't know when the israeli bulldozers will come in so here they wait wondering what their fate might be. still to come here on the program two massive storms bats and coastlines on opposite sides of the world with four dead in the united states and aid workers or people smugglers thirty people arrested in the greek on.

how low we got some pleasant sunshine across much of australia not always some clouds and some rain just easing for the by blustery conditions here and that will feed into havoc toria i speak through west sax day that's only sixteen celsius in melbourne fourteen degrees there for adelaide ahead of that will see bad in sydney twenty nine degrees make the most of it as we go into sunday you'll be lucky to see a hive around fifteen say you may well notice that chinese to some fresher weather so a lot of dry and bright dry and right soon to the southwest of australia perth around sixteen degrees and dry bright students a good part of new zealand is generally set fair ahead of that weather system making its way through the tasman as we go on through the weekend to seventeen or

eighteen celsius for you as we go through sas day in the bad for sunday as well but the wet weather will gradually make its way in for the early part of the new working week meanwhile wet weather has been lingering across a good pots of central japan at least a still wet hair into a good part of honshu brightest guys coming back into a socket with a high of around thirty one celsius on saturday we go on into sunday similar conditions for a saka they'll try and price for them. on counting the cost this week ten years later why young people up picking up the bill for the global financial crisis could a seismic economic event be brewing it emerging markets plus behind gated walls bubbles and crashes in the global housing market counting the cost on al-jazeera.

but again a reminder the top stories here on al-jazeera and donald trump's former campaign chairman paul manifold has pleaded guilty to two criminal counts in a deal struck with the investigation into russian meddling in the presidential election. the rebels in yemen say fifteen people are being killed in saudi emirates he led coalition air strikes in the port city of data at least three protesters including a fourteen year old boy had been shot dead by israeli fire during friday protests in a gaza's border with israel. now been

a super typhoon has made landfall in the northeast philippines more than five million people are risk from two hundred forty kilometer an hour winds which make man could equivalent to a category five hurricane thousands have already been evacuated from the area residents say tin roofs have been ripped off houses and many are without power. and on the other side of the world four people including a mother and baby have died off the tropical storm florence made landfall on the east coast of the united states across the city reports now from five mill in north carolina. even in her weakened state florence packs a punch the hurricane has been downgraded to a tropical storm but it hit the coast of north carolina with strong winds driving rain and a swelling surf weather experts warn there's much more to come i do want to emphasize that this is only the beginning florence is a very slow mover we'll continue to track along the south north carolina and

south carolina coastline for the next twenty four to thirty six hours. the storm is slowly moving inland floodwaters have begun submerging roads and seeping into homes with up to seventy five centimeters of rain expected in some areas a storm surge on the news river north of the eye of the storm brought the most serious flooding so far emergency crews have been called to rescue hundreds who ignored evacuation orders utility workers that come from all over the country to help these are just a few of the trucks that are standing by the utility company has warned that millions of people could lose power so far the number is in the hundreds of thousands if the storm is far from over. further inland boarded up buildings and overturned trees but still waiting for what could be the worst to come kristen salumi al-jazeera state for north carolina well let's get the very latest on the

two storms from our weather kevin covais in doha and kevin tell us more about these two weather systems with which a difference in the way they're progressing. absolutely two different storms act in two different ways first of all talk about what is happening here with the tropical storm this is a radar image from weather underground and you can see the extent of where the rain is radars really pick up the rain very well and over the last twenty four hours this particular storm hasn't moved very much it has been downgraded from a category one to tropical storm but the rain still extends well up into that area where the storm surge was very active so let me show you the bigger picture with the storm right now of course this is a satellite image the location is just to the west of wilmington as you remember it made landfall in wilmington earlier today but it hasn't moved very far so what we're going to be seeing is the storm is going to be pushing down towards the southeast then up to the north as commutes to the southwest and to the northwest very very slowly what's going to be happening is this is going to go from

a storm surge situation to really a flooding situation because of all the rain and the slow movement with the storm we have already seen quite a bit of rain but as it moves slowly up here towards the northwest it is going to shoot up to the north ten to northeast into parts of new england we're still going to see about six hundred millimeters of rain with this storm over the next several days also want to update you on what is happening of course the super typhoon man could look at that eye right there on the satellite image and you can see it make landfall on that northeastern tip of luzon this is what we're seeing right now with the storm system two hundred sixty kilometers per hour winds gusting to three hundred twenty four still a super typhoon over luzon i want to show you now where we expect that the system is going to go over the next few days watch that red line it is going to enter into the south china sea it is going to start to weaken but it's not going to weaken that fast because the water is still so warm and then it's going to get very close to parts of china so we're going to be seeing the second landfall with the storm

not as strong but a lot of people are still going to be affected over the next few days i think is that other problems and challenges and dangers ahead kevin thanks very much indeed for that update. japan says it's reconsidering membership of the international whaling commission after its proposal to reinstate commercial whaling was rejected a latin america at its embassy in yemen is in the brazilian city of foreign office where the vote took place. there were many contentious proposals here at the sixty seventh international whaling commission meeting in friday but by far the most controversial was the proposal put forward by japan with the support of countries like norway and iceland and in fact a lot of small the civic island nations as well the idea was to allow for what they call sustainable commercial whaling to end the band that was imposed in one nine hundred eighty six japan argues that it's time to revisit the whole thing says that the whales are no longer in danger of extinction that science would indicate that

this is the case of course those opposed vehemently to lifting the ban say exactly the opposite in the end japan's proposal was struck down by a quite large number of votes but japan has come back saying that after this it may withdraw from the i.w.c. altogether which means that it may be a very short lived victory for conservationists it's been two years since the iraqi fighters out of fallujah but the city is still struggling to recover the government says reconstruction projects creating jobs and handing out compensation but many residents say little has changed for months and reports now from baghdad. for two years the people of fallujah have been struggling to rebuild much of the city was destroyed in twenty sixteen as iraqi forces battled fighters some residents who live through the devastation say little has changed. electricity and services is so weak in the city as for the compensation their reason our neighborhoods are almost

entirely devastated my house is completely destroyed but i haven't received any fair compensation. that compensation is vital for people who've lost jobs businesses and homes they say the money is in gold is fairly distributed. we have a fair compensation so far house was destroyed and the entire. it was leveled to the ground compensation is being granted only for those who have ties with the corrupt officials who have no connection or sometimes getting half the compensation they should get the loser in the center of iraq has been a battleground for decades suffering some of the highest casualty numbers in the one nine hundred ninety one gulf war in two thousand and four u.s. forces invaded and forced gunmen from control of the city after the fall of saddam hussein. by spring twenty fourteen large areas had been seized by eisold fighters.

two years later fallujah was freed after a long seized by the iraqi army but much of it had been destroyed. the local government says it's rebuilding as fast as it can and that's giving some iraqis hope for the future but they're different and i'm against it but when we got back to fallujah after the liberation we saw so much destruction and we estimated at least five years for the total reconstruction of fallujah now we're seeing some sort of efforts to rebuild the reconstruction or fallujah as part of a bigger building program in iraq which is being managed from here in baghdad at the ministry of construction and housing budgets are tight and it's up to the individual cities to manage the money to get. new projects are needed to improve things after i sold and also to fix the huge damage that affected the city as a whole this would require much support from the central government. but getting the proper compensation would help more people than for live from day to day rob matheson. back to. the palestinian president has criticized remarks made by jarrett

cush the u.s. president's son in law and one of his top aides on thursday krishna was quoted in the new york times saying palestinian leaders deserve to lose a vilifying the u.s. administration a spokesman for the bass said the cushion showed ignorance a white house correspondent can be harkat as more. president trump's son in law gary cushion or is defending the administration's hard line tactics when it comes to trying to achieve peace between the israelis and the palestinians of course in recent weeks the administration has taken a number of hard line positions including closing the p.l.o. office here in washington cutting aid to the palestinians and of course the moving of the u.s. embassy from tel aviv to jerusalem so despite this string of punitive actions christian or says that and insists in fact that this will have no effect on efforts

to achieve peace between the israelis and the palestinians in fact he says this will improve chances because what he believes has occurred is that the united states has stripped away what christian are calls quote false realities but a former u.s. ambassador to israel under president george w. bush insists that gerrard kirshner misunderstands the intricacies of the process think with comments reveal is a basic ignorance about how to negotiate a complex deal he thinks as he said in the article that this is another real estate venture and maybe this kind of activity works in real estate but it's not going to work here when you have a party that has independent decision making on the part of the palestinians just as the israelis do the party is doesn't see any benefits and only is seeing the pain being inflicted by u.s. policy. christer is defending the u.s.

approach saying this is a radical break from the past indeed it is a break from the framework that has existed for decades the oslo accords still insists that peace is achievable even though essentially one side has been shut out of these negotiations before they've even started and that is the palestinian still question or says that the united states is set to unveil its plan is peace plan in the coming months thirty members of an aid organization have been arrested in greece they're accused of smuggling people into europe among them is a syrian swimmer who helped save the lives of eighteen refugees joins regulus has more from the greek island of lesbos on the front line of the refugee crisis. the emergency response center international. which operated on the island of lesbos is now closed thirty of its members facing charges in greece including spying and alleged people trafficking if convicted they could face life imprisonment it means

refugee rescue is now the only group operating in the aegean sea it's cruise inform the greek coast guard each time they go out so they're not suspected of acting in secret we understand our ability to operate is contingent on the fact that they trust us and they recognize that we are the that we are very skilled that we are very professional you know cia says it followed exactly the same protocol its founder spoke to us from an undisclosed location as he prepared to turn himself in to authorities when we were were. we . so. private search and rescue has become politically controversial charities like the i seek to work

with or for agrees to bring as many asylum seekers as possible safely onto european shores but european policy is increasingly keen for non european coast guards to keep refugees in the middle east and north africa the european union's twenty sixteen agreement with turkey and italy's bilateral agreement with libya last year have helped cut refugee numbers to europe by ninety percent compared to twenty fifteen among the e.r.c. i members facing charges is twenty three year old sara martini a syrian refugee who with her sister used a lympics swimmer saved eighteen refugees from a sinking boat in twenty fifteen says that on the dates of several of the alleged offenses she can prove she was in germany where she has been granted asylum and enrolled in college he says the police evidence is scant then border city has some of this but he wanted to charge of espionage is biased manly in the fact that some people have listened on the radio conversations between the greek and your pain coastguards these conversations which you referred to

a state secrets all took place in open channels anyone can listen to open channels in fact sailors are obliged to tune into channel twelve so they can hear the coast guard so this is no state secret or espionage the shifting politics of asylum in europe have militarized borders and cast suspicion on open hearted humanitarianism distinguishing this from criminal activity is an increasingly frequent challenge jumpstart ople us al-jazeera lesbos. that's another look at the top stories making the headlines here and how does the donald trump former campaign chairman has pleaded guilty to two criminal counts in a deal struck with a special counsel investigation into russian meddling in the two thousand and sixteen presidential election fallout of ford has pleaded guilty to charges of conspiracy against united states and conspiracy to obstruct justice party culhane

has more. in court they said he's already been telling us information and that will likely continue for weeks if not months this is a huge development and of course we heard from the white house they said he had nothing to do with the twenty this is nothing to do with president trump and his victorious election but we don't actually know that because the charges if you look at the document they stand up until and through the time man afore it was working with the trump campaign the rebels in yemen say fifteen people have been killed in saudi an iraqi led coalition asterix in the port city of her data file has escalated as the coalition tries to take a data from the rebel forces the two sides battling for control of the kilos sixteen highway the main supply route from the port city to the capital sana. antigovernment demonstrations have been held across syria the protesters are angry that plans to launch a massive military offensive to retake united nations says it could unleash the

biggest humanitarian crisis of the war more than three million people remain trapped. at least three protesters including a fourteen year old boy been shot dead by israeli fire during friday protests near gaza's border with israel the health ministry in gaza says dozens of others have been injured more than one hundred seventy palestinians have been killed since weekly protests began in march and. four people including a mother and baby have died off the tropical storm florence made landfall on the east coast of the united states. meanwhile on the other side of the world super typhoon my goodness is battering the northeast and philippines more than five million people are at risk from two hundred forty kilometer a no win. for a young state with the headlines on al-jazeera stay with us counting the cost now looks at the winners and losers in the decade since the global financial crisis from a big clock it's good bye for now. many

. plays. on their. hello i'm adrian sort of this is counting the cost on al-jazeera a weekly look at the world of business and economics this week ten years later why young people a picking up the bill for the global financial crisis. also this week the weakest links over

a seismic economic event that could be brewing in emerging markets. plus behind gated walls the growing wealth divide on the housing market. this week we're marking an important anniversary ten years ago on september fifteenth wall street bank lehman brothers collapsed but this event wasn't about a one hundred fifty year old bank lehman was a key part of a chain reaction one which ultimately threatens one rival of lobel financial system banks across the u.s. have been offering housing loans to people with bad credit for years so-called subprime mortgages and this is where things got complicated those loans were packaged into risky products and sold on to global institutions regulators were asleep at the wheel and huge risks were taken lehman triggered widespread panic over fears that the system was riddled with bad debts credit dried up and banks stopped lending to each other governments had to bail out banks on. that act

emergency measures taxpayers' money was pumped into the global financial system to keep it alive the loss of confidence in the system led to a global recession and a huge collapse in consumer wealth the after effects are still being felt today so what's actually changed since you may ask well global growth has recovered since the great financial crisis and the recession that followed the world is on track for three point nine percent growth in twenty eighteen according to the i.m.f. but that recovery is very uneven we've seen a decade of record low interest rates and new rules and regulations to shore up the banking system but the emergency measures used to stimulate the economy and bring it back to life have been in use for much longer than intended quantitative easing or government buying of assets helped to preserve wealth for those that had it but young people today can't afford to acquire assets that wealth gap is only increase

globally total debt is now worse than before the collapse of lehman brothers those record low interest rates in the developed world meant that it was cheaper for developing nations or emerging markets to borrow in dollars or euros and we're now entering an era in which central banks like the u.s. federal reserve aren't keeping rates low anymore and that's lending support to the dollar so as the dollar rises it's now costing those emerging markets a lot more to repay their debts and what about wall street well stock markets have tripled in value since the crisis but it's tech stocks which have replaced financials as the new masters of the universe so if another crisis is brewing where will it come from zero scott high the reports from hang joe where part of china's massive shadow banking system has recently faced a crisis of its own and some aspects a similar to what happened in two thousand and eight. at thirty two focuses all her attention on building her wealth

this motivation she says comes from growing up with very little. money is very very important to me because money come bring me the sense of security i don't want to live poor again. living in hung joe joe embodies the entrepreneurial spirit in the city known for its financial technology industry and home to e-commerce giant ali baba but she and millions of other people in china have lost the billions of dollars after investing in what are known as peer to peer lending platforms or p. to p. amid stricter government oversight than the panic withdrawal of funds by investors more than two hundred firms have failed in the last three months p.d.p. firms gather money from investors and then lend money to small businesses and individuals with many promising high returns on those investments and that concerns economists as the p.d.p. industry in china is the world's largest with more than one hundred ninety billion

dollars at play this on the tenth anniversary of the global financial crisis. for the dutch problem i think it's a had a mom in china for a long time but now it looks especially dangerous because of lot of a lot of those dads are tied to the property market and like the recent p two p. crisis much of the borrowing or used to finance their housing market is speculation and she says some aspects of p.d.p. lending are similar to the sub prime loans in the u.s. that led to the two thousand and eight global financial crisis the outcry over the failing p.t.p. companies was so big in july that the government here joe had to use athletic stadiums to how is the complaint centers for the thousands of investors looking to get their money back or simply find out where it went where i am some of those who lost money took their anger to the offices of one p.d.p. firm protesting out front chanting we want our money back. joining us now

from london is russell jones russel's an economist and partner at the wellington consulting and independent economics advisory russell great to have you with us again on counting the cost now you were at lehman brothers ten years ago is this financial crisis over because a lot of young people feel that they're still paying for it i think there are still some issues that need to be handled. my sense is that although the financial system the international financial system is a lot safer than it was in two thousand and seven or at least should we say it's better equipped to deal with the sort of crisis which began in two thousand and seven and two thousand and eight there are still some some outstanding problems not least in the area of of economic policy i think that we are overly dependent upon monetary policy if you like the mix of fiscal and monetary policy is still too skewed in favor of what central banks have to do i think it was been

a. a loss of shortcomings where structural supply side policy is concerned and that's left us with a lower potential rate of growth in the advanced economies and i also am concerned that there is an element of backtracking on some of the financial sector reforms in the united states and this is something that we see quite often the desire to reform the financial sector ofter a crisis tends to way in the longer we are into the recovery the sort of us approach cyclicality if you like and again you can see that in some of the things that the trumpet ministration is done recently gordon brown was britain's prime minister ten years ago on thursday he said that with sleep walking into the next crisis that the world is not ready to deal with another crisis is he right i think

what mr brown said has as more than a grain of truth in it we still have an awful lot of private sector debts in the world economy which was one of the balances which which was playing out. in the last financial crisis is still a lot of debt i think another point that mr brown made which i would certainly agree with is that the cooperation between the major economies is really under a great deal the pressure of the moment. mr trump has launched quite an attack on the international financial institutions and it was through the guise of those international financial institutions the i'm at the will bank and so all the o.e.c.d. that a lot of the policy measures that would taken at the death of the crisis. were conducted through what with the help of we're now in an environment where there's a lot more bilateralism there's a lot less multi-lateralism as i say the americans the most powerful economy in the

world still the government. is if anything undermining these international institutions and that is the stream the troubling is it warren buffett who said you don't know who swimming naked until the tide goes out and to quote buffett again where are the new weapons of mass destruction emerging markets could a whole country fail i'm thinking about argentina and its problems or there's no doubt that the emerging markets now are increasingly important to account for more than than half of global g.d.p. and it's also the case that the chinese economy which has a huge amount of outstanding debt is increasingly important it's actually been a good thing over the last nine years it's growing very fast and it's helped to to bring the world economy out of out of what was affectively a depression but it is vulnerable it has this debt problem there are underlying

tensions between the sort of capitalist economic system and the communist political system in china which haven't gone away and as you said there are other emerging market economies which are in deep trouble argentina brazil turkey i'd even go as far as south africa and maybe even some of the smaller countries like egypt pakistan and so on so we have to be concerned about those and in some of those economies the politics which are playing out already not conducive to the right sort of policy response and there in particular i'm thinking about the imminent elections in brazil in argentina and the political situation in turkey where you have a president who doesn't seem to want to take on board any of the conventional economic wisdom and that's a worry mostly talk about the troubling levels of high levels of personal debt that

we've seen how do you go about fixing the inequality that last ten years the financial. crisis has led to i'm thinking about in particular young people who can't get on the housing market for instance with huge student loans that they've got to pay off of the course of their working lives i think that have to be some really innovative responses to this i mean income inequality wealth inequality huge issues and as you hinted there is increasingly an intergenerational element to this with the young feeling that they're getting very much the thin end of the wedge is it. i think politicians are going to have to be agile innovative. my sense is the way to look at this is that we need to become more words eventually just but doesn't mean that we have to abandon the sort of capitalist model which has not withstanding the crises we experience has been so successful for so many centuries but in order to make that capitalist model work and work well we're going

to have to redistribute more i'm going to have to think of some some new ways of doing that my sense is that higher taxation on the wealthy is unavoidable my sense is that more transfers from pensioners back into the younger generations is unavoidable we are going to have to do this otherwise the political environment we face which is already let's face it pretty fraught is going to become even more unpleasant and even more difficult to deal with i would say that addressing an income inequality is something which will help to save the current system rather than undermine it we're now in the era of the trillion dollar company what are the dangers when you've got companies like amazon and apple who are worth more than the a lot of a lot of the world's economies already you'll see.