tv Leilani Farha Al Jazeera April 20, 2019 7:32am-8:01am +03
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discussion hasn't there about the job that central banks do i mean during the financial crisis of more than a decade ago the question was should they be should they have been spending so much . to rescue these banks that were in trouble i mean are they are they clear enough in their guidance what's what's acceptable and what isn't so central bankers generally work with inflation targets so they basically in more danced economies they set inflation targets which is an effectively a target for economic growth after we had the crisis a decade ago growth collapsed and if your target has a central bankers to bring inflation up to a certain level that means you have to get growth up to a certain level which led them to effectively throw the rule book out and try and hold. a ray of things which hadn't been done before to try and get growth back up so you could call it populist you could also call it them trying to meet their aim which is to have a certain stable level of growth so you could you could probably criticize them of
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having not done enough prior to the crisis which actually led the crisis to happen so they probably allowed too much growth to happen in the preceding years which which led to the problem and as far as the in the implications of the global economy we have the i.m.f. warning of slowing growth what is one of the main areas of concern for you sure so the i.m.f. has just announced this this very recently but actually the world economy has been slowing for certain several months or several quarters depending on depending on where you look at so europe is probably the part of the world which which is seeing some of the deeper slowdown germany is struggling and the manufacturing economy within that the automotive sector which as supply chains globally has has been struggling france is slower italy is slower so europe has issues the u.s. which has been on on a very good path has recently started to slow an economy can only grow to a certain extent when the central bankers. increased interest rates eight or nine
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times of the preceding two years until it eventually starts getting up and also the other issue which the u.s. economy and the chinese economy which is obviously critical is the trade war and the uncertainty that that has brought about as a result of companies both in the u.s. and in china and globally who have supply chains in both countries and have delayed investment decisions and that has a spillover effect and similarly you've seen the same thing happen in the u.k. in europe with the uncertainty around breaks it and as far as this region we're here in doha and as you know there is this ongoing economic blockade on qatar by a number of countries in the region what can we expect there going for sure so the blockade overseas now about two years old and and and while that was it was a shock to the system for the for the local economy undoubtedly it would be for any i think that's very much behind us the the initial issues were to do with supply chains with for the country domestically as to where inputs were coming from.
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there was never an issue of exports i think what's happened is that those supply chains have been rejigged relatively successfully some imports have been substituted for local production the net result is that i think it's very much behind us now the question is about looking to the future and and arthur is taken some pretty aggressive steps to announce that it will be actually increasing its output by forty percent by the end of twenty twenty five which will cement its dominance of the global energy industry. that is obviously a very significant benefit and boost there are a few other milestones that will be coming through before that expansion of further petrochemical output and then we have world cup football world cup in two hundred twenty two which will clearly have a positive impact on the economy probably in the twelve eighteen months preceding it so the outlook is certainly brightening over the next five to seven years and it leaves carter actually now looking at things in a stay. very different light to where they were two years ago i took on good to
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talk to you thank you now humanitarian aid and the politics behind it have been at the center of venezuela's ongoing crisis and now after years of refusing to accept international aid the government has given the red cross the green light to import and distribute food medicine and hospital equipment for those most in need but the waiting list is long to see a new report. this refuge in northwestern venezuela is home to sixty seven children and young adults with disabilities who have nowhere else to go yet most of the residents were born with mental retardation severe autism or varying degrees of cerebral paralysis all of which required medical treatment means many coming from you if they don't get their medication and they have or have acute anxiety they fall down they're frightened but there is a severe shortage of treatments which are an affordable now we're all suffering.
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the home is run by the catholic church with volunteers and donations government subsidies stopped years ago many families here northwestern latter state are struggling just to feed their families and can't cope with a child with special needs but the institution says it doesn't have the means to take in anymore like many here was born with cerebral paralysis that's a disorder of movement and muscle tone which means he is confined to a wheelchair but if there was proper specialized treatment physiotherapy he could probably move a lot better perhaps even walk the problem is there's absolutely no budget for that . in fact the institution can barely afford food and salaries for the nurses even electricity and water have become a luxury in this part of the country with constant power blackouts classes suspended so therapists do what they can to keep the residents occupied.
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if we ask we demand that the government open the doors to monitor and we need a desperate on their people dying because there are no resources no medicine or quitman to treat the. father bit uncool says that in the thirty six years that he's been here he's never felt so unable to provide for the youngsters who have already been dealt a difficult hand. children like ten year old jonathan rojas a bright and curious boy who was born with hydrocephalus it requires treatment but under other circumstances he could expect to live a normal life. right now the only hope for him and the others is the arrival of international aid and as everyone here will tell you it can't come fast enough. now sixteen thousand workers at what was india's second largest airline are hoping to save their jobs jet airways has grounded all flights because it's run out of
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money managers saddled with more than a billion dollars of debt trying to find a way to get back in the air fares dimia reports from new delhi. they're fighting for their livelihoods jet airways employees haven't been paid in months some not since last august and spent taking a toll on them and their families education of children suffering parents says is not. the way it was because all the. things are. bad from here. here is my son is a. result of mine. so if i could have it really it really got into this situation i wouldn't have brought him in this. once considered india's premier private airline it suffered financial difficulties for years coming close to collapse in two thousand and thirteen until the hot air. ways bought
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a twenty four percent stake in fusing you cash and life into the airline but new low cost domestic carriers have continued to eat into jet airways market share and profits formally announce the first and jets founder near a school well was forced to step down from the board in march after being criticised for continuing to spend on planes and premier landing slots as the airline's debts were piling up. for passengers in india the grounding of jet is expected to lead to higher airfares but aviation analysts say that will be temporary and is one of the. growing. then of the most. in some form of. not experiencing that kind of growth so i don't want to see that more than four to six months. later acquired one of the capacity gap. but that's little comfort for the tens of thousands of jet employees who stuck with the company despite working on paid from the day i'm still in so many of them has
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given everything to us and savvy on things a lot of things it seems i mean let's be there you don't know what happened it's been very uncertain but he has a lot of these to me the same because many of these times because it is the former governor many hope their years of service in what was connolly considered a dream job would not have been in vain anyone with a flight booking receive a cancellation email early on thursday the airline will now have to wait for the outcome of a round of bidding by potential buyers on may tenth to get an idea of what the future may be in the meantime jet airways employees can only wait and hope the airline will take off again says jamil al-jazeera new delhi. where joining me now from les that is a poor former head of corporate communications at qatar airways and he had thanks very much for being with us so some many balls up in the air here the company's former owner he had. to go capital or interested in saving this airline who.
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well thank you so much as i'm basically obviously to mention there's a lot of interested parties but it's taking quite some time. i think the bidders have until middle of may to express their real interest and put forward a bit. strangely enough i mean we've got indigo which is an interesting one which has interest in other airlines around the world but my bet in a way seems to be on it i had my former employer despite the fact that there's a lot in the press about their investments have gone wrong collapse of airlines i'm invested in this is that this is an interesting one because it had a lot to lose because the the end invested in ways five years ago on the basis of entering a big market india is a massive market today it's worth one hundred thirty five million passengers a year in the next two years is likely to increase by fifty percent so for ettie had around fifty percent of their traffic from abu dhabi to rest of the world is actually indian traffic so they have
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a lot to lose if they don't actually invest in jet airways and increase their investment and captures a large slice of the market but just taking a step back then for a moment where did it all go wrong for jet airways and is there are a danger that air india could be next well if i touch on air india that's always been a danger the government tried to privatisation india many years ago and even last year not a single investor came forward the reason for that is simple it's a large entity heavily unionized a large number of staff a public enterprise and they're just not a very efficient airline coming to jet i think it all started as far back as two thousand and six when jet airways invested in. spent five hundred million dollars cash on a competitor in the domestic market sadly that airline that that investment failed simply because it was a low cost airline jet airways. invest
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a low cost airline it was not in the business of low costs so gradually and gradually their market share eroded as other carriers port came into the market you have the likes of indigo low cost. low cost and spice at low cost and in the last five years you've had another airline call vistar a full service airline which has come into the market and taken market share domestically and they are likely to go international but despite the fact the competition came in jet airways really really did not keep up with the times you have a management there is a very structured management did not change did not look at what's happening in the market for that that you've had fuel prices ok fuel prices have actually gone down and gone down over the years but the weak rupee against the dollar has actually impacted revenue so why was kingfisher allowed to fall but banks are willing to save jet airways. well we kingfisher it was an airline that was set up. the
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chairman of united breweries many many years ago. this airline folded in two thousand and twelve i don't think the bank so she realized the extent of the problems that kingfisher faced a lot of us is the one point six billion dollar debt that kingfisher had huge debt and banks as they did not realize how how much of an impact that would have on the business how much how how they would be able to recover that that lost money and as we've seen. left the country he's in the u.k. he's facing extradition so it's a bit of a lesson to be learned in a situation now this several situ is several things that come into play were actually election time yet right now election year obviously the government wants to keep the airline afloat it's not their airline it's a private airline they want to keep jet airways afloat but they can't invest that pleaded with the banks the banks want to recover money there's one point two billion dollar debt. which is waiting to be recovered it's
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a lot of money so the banks is a lot of interest in the banks to actually recover that money and they will go all out to try and recover that somehow whether it's selling assets. the challenge here is a lot of the aircraft that jets have are not owned by jet airways they're actually owned by leasing companies so what you've seen the last few weeks of those leasing companies a direct hit so those planes in the hope of actually recovering those planes and leasing them to other airlines so that's actually not capital that belongs to jet they're actually renting those aircraft however to keep the business running of the last few years what jet has been doing is been plowing in money by by borrowing money from the banks by borrowing money from meant other entities and that's a challenge so the banks actually have to try and recover that money in the best possible way of dish kapoor thanks very much for being with us thank you very much and that is our show for this week remember you can get in touch with us by tweeting me at has i'm seeking and do use the hash tag. a j c t c when you do or drop us an e-mail counting the cost that i use in
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a dot net is our address and there's more view online at al-jazeera dot com slash c.t.c. that will take you straight to our page which has individual reports links and entire episodes for you to catch up on that is it for this edition of counting the cost and as i'm speaking for the whole team here thanks for joining us the news on agitator is next. how if you changed since you a cell phone. charting the lives of the children of apartheid over twenty one years each story reflecting a history of dramatic social and political change twenty eight hours south africa part one on al-jazeera. the current president and a popular comedian a heading for the second round of the presidential election with no official plan
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yet promising a change the comedian won the biggest share of the bunch in the first round who will lead the country after this historic election ukraine votes twenty nineteen on al-jazeera. this is the opportunity to understand a very different way where there. is a little. this is al-jazeera. hello i'm the star of the attain this is the news hour live from doha coming up in the next sixty minutes the u.s. president pledges his support to the libyan warlord who is fighting to take control of tripoli for. the internationally recognized government. democratic presidential
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candidate elizabeth warren calls for the impeachment of donald trump one day off to the public release of the report plus. many in peru mourn the loss of a former president who took his own life this week. and of course in the crossfire a journalist is shot dead during rising in northern ireland. donald trump is once again sending mixed messages on u.s. foreign policy this time it concerns libya president trump has spoken to the libyan warlord khalifa haftar offering words of praise and u.s. support in a statement the white house says the president recognizes have significant role in fighting terrorism and securing libya's oil resources troops have led an offensive on the libyan capital which is controlled by a un recognized government at least two hundred people have been killed in the
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battle for control of tripoli and earlier this month secretary of state mike pompei o expressed concern over a half dozen vons on the capital mike hanna has the latest from washington d.c. . one must remember that two weeks ago the secretary of state or sharply criticizing huffed and his forces for their latest offensive and certainly this is now a massive turnaround with the president. after and effectively giving him support and praising him thanking him for his efforts against terror and also thanking him for what the white house describes as protecting libya's oil resources now the internationally recognized government in tripoli regard this as a theft of libya's oil resources so certainly this is a very puzzling question a very puzzling turn around why it's been kept quiet for the week well there was a u.n. security council meeting thursday in which to everybody surprise the u.s.
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refused to back a resolution introduced by the u.k. asking for a cease fire in tripoli in libya there by agreeing with the russians who had objected to the resolution because it mentioned have to his forces by name as the aggressors in the conflict so that was perhaps an indication that was the first sign that there has been a shift in u.s. policy not even a shift a complete somersault from posing the afters forces to now apparently siding with egypt saudi arabia and the u.a.e. in supporting the huffed initiative and to tripoli now where our correspondent mark went up to right here has been following developments. people here seem to be angry about this support from president to have. especially those demonstrators whole took to the streets today and to diminish squares in civil
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cities and the worst of libya especially in the capital tripoli and the city of misrata the major cities in the west of libya they say that there is some kind of contradiction in the american situation libya specially they were happy when. you in an interview television interview said that must set down and must stop the military escalation on tripoli but when they heard the border from president trump will have to via this call. kind of get to have to take here or are you doing well people here have become very angry this say that they're wondering whether or not there is more important people's blood here. over two hundred people were killed since have to launch at
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this military or phones of one tripoli on april fourth many of them are innocent civilians women and children well let's speak to our last album r.t. who is their political analyst and director of the tripoli based sadek institute he joins us now on skype from london and as this is a seeming shift of policy for the white house. it's a huge ship and i think it also reflects what's been going on behind the scenes that lamentably now for some time and we should rent should be out of context libya lies in the center stage of the arab spring and there are some powerful forces compliments that military and political will be behind this now in the days preceding after school rather in the days following up a school that had been much much many many calls from the united arab emirates and be said personally called trump and he's also met with a presidential envoy in the united arab emirates zion the foreign ministers also met with and is this the can to open and there has been several other attempts by the u.a.e. including sisi it was also part of that. authoritarianism gregg and crowd in the in
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the arab world and i think they're trying to after to that to that crowd and i think it's not the endorsement of how things offensive after launch defensive in front of and to look at errors two weeks ago in the fourth of april and doesn't really care about it wasn't he wants to go to his own way this is much more about and also kept its backers the u.a.e. egypt do have military assets on the ground do have an air force that they've used in libya since as early as doesn't have a drone force that is allegedly manned by must resources that are controlled and operated by erik prince only a blackwater they have an incredible amount of arsenal of. force and military forces and they can use that as. there is a mile an hour seems like is dwindling in this metric tons and so we're also going to look behind the scenes here and look away from the smoke and mirrors after is trying to use this for his credibility purposes but more than anything it's the u.a.e. that has been trying to avoid any form of the public scrutiny that white and trump
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towards this you know with opera and us talk to sit there a little more about how this is playing out at the u.n. and you're talking about diplomacy behind the scenes we've already seen a security council and attempted security council resolution fail. well there are two reza looking at the first is that there's been smoke and mirrors out there was allegedly going to x. moscow in the last week and then it all at that trip once again to me but sisi in current. again you know russia and cairo don't have much diplomatic influence on the ground in libya and very happy to hold this diplomatic position a presence or a perception of power they want to be seen as powerful they want to be seen as having influence and libya and that would scare the u.s. administration or just is the world of geopolitical implications you know russia and the u.s. are too great superpowers the reality is the u.a.e. has done this integral to the middle east that as well u.a.e. has been doing this for a very long time trying to talk about russia living a red line and trying to fend off russian influence in the u.a.e. is center stage of the smoke and mirrors game to be playing with
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a troubled ministration after two years what is really been happening in the in the u.n. obviously is the way in the french have been applying a lot of the family pressure trying to get us back on board and giving them tacit military approval now the way the libyans interpret this is the last four years the u.n. has been trying to negotiate a political deal but some reason whenever it comes to combination and sanctions he seems to get away scot free don't you remember that after the libyan national army by their own admission not very libyan army sudanese darker and rebels a full partner of the last couple of years it's not national because it's in different parts of the country and gets quiet going and goes missing and it's not an army considering the fact that most of the militias drives criminal elements and brigade that he sent to tripoli they want to six brigade man by his own son according to the u.n. panel of experts was investigated looking at the central bank is that libya with almost a quarter of a billion dollars in cash now this sounds like the kind of ensuring stability that
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has been mentioned in the phone call the other hand with with cross the trucks and again it's not only smoke and mirrors that lameduck legal it's also meant to label this libyan national army as the biggest myth to believe the latter but how they're going to ensure or bring into your increases ability in order. to tripoli he's mobile it's tens of thousands of people of fighting age across western libya don't see the ground. games this in a very simple way we mobilize and as eleven as libyans to fight against the return of military rule you'll have fun and games they're trying to force us back using diplomatic games using sleight of hand and trying to force upon us their politics or through war forces back towards military rule the response will be overwhelmingly in a has been the last few weeks they won't be intimidated by such threats they'll go in front of the resulting resulting battlefield will that like thousands of civilians being killed twenty thousand but we already know that being displaced and there and the protracted in our force are more war and atrocious whatever that could come with the destruction of the rules of article last four years and at the
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end of the last three years when general areas for three years after doesn't have wars or a rules of the game with the un doesn't awards he's happy to some people into submission and the prospect of that in the in tripoli in the western region that sequence of a million people live is absolutely unfathomable is not to be thinking that this is a way that legacy is done years after the u.n. passed resolution three the responsibility to protect civilians it is absolutely not an s.p. on the smoke and mirrors and the diplomacy that's going on you've talked about a lot of military hardware on the ground is this seeming shift in policy likely to change anything on the ground going forward. certainly not there's been making a lot of losses about last two weeks he launched the invasion of the capital from the city of it again in the it was announced in western libya about one hundred fifty kilometers away from tripoli now many of his forces entered into the capital on the second day and it looked like they were getting the advantage yesterday forces that are aligned to the un back government pushed them back on most of the
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arms fronts in tripoli but also went back to where he launched as invasion and the answer meant there would be on the ground in terms of his ground forces they're not right they're not very effective and they're not doing a very good job of it which also signals that if things are going to slide against him militarily on the ground the only way to provide an advantage is by bringing in foreign help our foreign assistance which was the critical advantage that he had and but as you well know it was watching for the last four years as it decimated in and out as it's in this list a hundred thousand civilians one seventh of the population and in seven hundred people today are in prisons and thousands more have been displaced now they're all crimes that are being investigated by the i.c.c. they were only made possible by the assistance of or made possible by the french and the addictions they couldn't do this without trumps kind of green lights to do that in western libya and that's what most of the committees about how for doesn't mean the green light the green light restart and was made two weeks ago for months and you could say was the chief of the u.n.
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it's massive they have the audacity to do so what he's really doing and what was really going on beyond the scenes behind the scenes where the emirates is magicians are met with the withdrawn over the last we going to be meeting with after several months have been trying to get into that intervention into libya now the likelihood and then we said by certain likelihood of them using support now could lead to a catastrophic reuters and the number of casualties and the number of displaced and that's what this mission really is about how there's already in tripoli the emraan as an egyptian and that's what any support will and is given the number of casualties and the number of different groups fighting in different parts of libya how much support does have to have at this stage how is he being perceived by the public and. well i launched when he launched the invasion he came onto the libyan radio stations and television and said all those that stay in their homes were protected and all those away the white flags will be safe grad missiles into people's homes of the last few weeks many.
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