tv Bolivia The Amazon Al Jazeera April 21, 2019 12:32pm-1:01pm +03
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in 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 are what are 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 so 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 bank has. 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 twenty 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 cut there actually now looking at things in a say. very different light to where they were two years ago i took on good to talk
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to you thank you now humanitarian aid and the politics behind it have been at the center of venezuela's ongoing crisis and now off the 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 reports. 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. if they don't get their medication they have or have acute and they fall down they're frightened but there's 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 a lot of states 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 serapis do what they can to keep the residents occupied.
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if 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 equipment to treat the ill. father but uncle says that in the thirty six years that he's been here he's never felt so unable to provide for youngsters who have already been dealt a difficult hand. children like ten year old jonathan rojas a bright incurious 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 says jimmy reports from new delhi. they're fighting for their livelihoods 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 is is not you know they can get off the way it was because all the. things. that we might retire from here. here is my son is going to result of mine use of violence so if i put up that drill and really get 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 waves 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 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 debts were piling up. for passing. as in india the ground to give jet is expected to lead to higher airfares but aviation analysts say that will be temporary and is one of the. growing. 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. will be required to cover 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 on the day i've joined
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so many of us the airline has given everything to us and things a lot of things that seem. to be there you don't know what happened it's been very uncertain but he has a loyalty still remains the same because of the standards because it is going to bring many hope their years of service in what was commonly considered a dream job will not have to be 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. al-jazeera new delhi. where joining me now from leicester is a poor former head of corporate communications at qatar airways and he had thanks very much for being with us so so many balls up in the air here the company's former owner and he had indigo capital all interested in saving this airline who's your money well thank you so much has basically always let you mention there's
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a lot of interested parties but it's taking quite some time. i think the biggest 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 in a way seems to be on at a 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 privatized 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 or 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 invests in low cost airline it was not in the
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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 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 this. 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 further to that you've had fuel prices ok fuel prices have actually gone down gone down over the years but the weak rupee against the dollar has actually impacted revenue so why was kingfisher allowed to fold 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 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 see in 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 for you online at it is there a 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 from the whole team here thanks for joining us the news on agita is next. how if you changed since you a cell phone. charting the lives of the children of apartheid over twenty one yes each story reflecting a history of dramatic social and political change twenty eight hours south africa part one on al-jazeera. and the fascist anti establishment and pro violent. despite the recent official disbanding of its militarized wing
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a basque separatist movement just found alive and well on the terraces of the build palace stadia. a place where political revolutionaries share a platform an ideology with violent football hooligan. in red or death on al-jazeera. was. fighting in libya close as tripoli is only functioning airport just forces loyal to war more than we thought after our violence on the capital. alone don jordan this is al jazeera live from doha also. coming up protesters keep up their call for change with reports that several top members of the former ruling
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party have been arrested. voting is under way in egypt's referendum on widening presidential powers the opposition calls for a boycott and fears the poll won't be free. it's just a senseless grief across the political divide in northern ireland for a journalist. held by the police. we begin in libya where the capital's only functioning airport has been temporarily closed after intense fighting nearby airstrikes were reported in several areas all orderly for after i began an offensive to retake the capital three weeks ago is fighting against the un recognized government based in tripoli al-jazeera had begins our coverage from tripoli. under cover of forces to libya as you could know as the government advance in what it will be so the east of the capital
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. they're trying to push forces loyal to world and for have to out over aims are unable. civil military units joined together in a number of flash points to form a defense called on facing hefted his forces out of tripoli government warplanes targeted have to his forces locations. around eighty kilometers south of tripoli that. your forces providing fire support to at ground operations the economy is trying to flank our forces from the back but i have failed in the face of the strength of our fighters and the experience of our fighters it has become a war of attrition so the sicht as good as controlled by the. military sources with the un recognized government say they're preparing to launch an offensive in the next few days. to retake the former international airport they
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want to push to discuss has been a shared a strategic supply point for have to his forces involved in the fighting southeast of the capital some analysts believe forces loyal to the tripoli government have an advantage as a try to hold off have to as advance. the strengths lies at our inability to understand the area national gini backed forces on the stand tripoli southern parts of tripoli the western parts of tripoli where the clashes are taking place they understand. the local the local roads the local deserts the backyards off of the battlefield and as we've seen there hasn't been any any long or stable. advance by the l n a on those locations sent. to you and recognized the government is accusing pastor's forces of committing war crimes by targeting residential areas with heavy weapons.
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two weeks of fighting has forced thousands of civilians to leave their homes. the military general prosecutor in tripoli issued an arrest warrant against hefted and other military officers their i.q. was due for targeting the residential areas including an airport the only operational airport in the city the latest move on tripoli by have to his forces has derailed a peace conference that was due to be held this month in the city over the dermis libya has two competing administrations since twenty fourteen and violence has followed among their revell armed groups many libyans now fear that the next few months could bring even more into stability. tripoli. john served on the atlantic council working group on libya he says there's a risk of a major battle if after all continues his offensive. the general after libyan
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national army. or tripoli they're very lightly don't you carry your resistance from forces within so well as notions and misrata. so we could end up with a fairly major battle here both sides continue to push if in fact the only conversation between president prop and general after hour is as the white house has portrayed it it looks like iron age agree shift in u.s. policy towards libya i mean since the libyan plate agreement was signed in december twenty eighth you have to eat and you go to the national court was formed the united states government bilaterally you know it wasn't conjunction with european allies and the united nations has pushed for some kind of brokered political settlement. as recently as ten days ago secretary of state peo called for
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general after to withdraw his forces in reengage in the iran brokered out fish stocks so to go from that situation to your president dropped a report of a last monday calling general have to aren't i mean i'm not he's going a great job in fighting terrorism and range that ability to the we are out producing areas that look we are going to talk about some kind of a joint. concern for really democracy in elections to libya it is quite remarkable and saddam and several senior members of the former ruling party are reported to have been arrested thousands of demonstrators on keeping up the pressure on the ruling military transitional council they want to inquiries into abuses by the former regime the public prosecutor says x president bashir is being investigated for money laundering one involves more than a couple content. a senior party member of the former ruling
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communist party confirmed that some of the top leaders of the party including the speaker of the parliament including or saw the former defense minister have been transferred to the khobar jail after being arrested. however the military council has not confirmed that there is no official statement from the military council in that respect the only confirmation that came over the last few days was the rest of the two brothers of bashir a bass and there wasn't even a confirmation from the military council about the transfer of all of the shoes to the khobar jail and this has been criticized by the general public here digitally by the leadership of the protest they accuse the military council of being of lacking transparency about the process of getting rid of them and send vestiges of the former regime on the other hand consultations have been held this evening between the need to ship of the protest and the military council this has been the
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third round of talks to words the creation of a civilian government the chairman of the african unity see a visit in khartoum he has been also meeting with the two sides to ask for a speedy handover of power to the civilians but there are differences both among the parties and the leadership of the opposition about who should be part of this government and also a lot how much power should be classified into sheeple that protest they want a complete asshole of power or at least as civilian transitional. sufferance presidential council towards a country instead of a military council. favor reports now from khartoum where the demonstrations continue. the sounds of sudan's uprising made loud and clear in front of the army headquarters in the capital. these protesters have been here for nearly three weeks
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demanding change. i mean we are continuing with our sit in so that we can guarantee that our demands will be achieved demands that we came out and that people have sacrificed their lives if the demands are not met that mr tenet will not and let them decide that they're demanding that the military council the body that ended president obama to the shoes thirty year rule handover of power to a civilian government and to hold all former officials to account for alleged corruption and the lives lost during the three decades that bashir and his ruling party were in power the military took over and eleventh of april in a move that was condemned by the african union which gave the council and till the end of the month to transfer power to the people foreign diplomats have expressed similar demands and the united states stated that it will not recognize the council if that doesn't happen. on saturday the head of the african union commission. council leaders and political parties in hearts on the council had stated that forming a transitional government was
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a task for the parties but some say they need more time to make that happen. as political parties must regardless of our vision and number we must meet with the a you and agree on transitional government and we've asked you to extend the deadline they gave for handing over power for the consultation. it's. a position that is not held by all sides the sudanese professional association which led the calls for protests that started in december continues to encourage the sit in in front of the army headquarters along with twenty two other parties it wants power to be handed immediately to an independent transitional government for a period of four years a proposal that shows that's not all parties are united and that forming a transitional government may not be an easy task some say they'll hold on to their demands hoping for a different sedan for
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a future generation going to. achieve victory when there is a civilian government because a civilian government who will have a pen and constitution to preserve their rights. they didn't have any rights for a few. what happens now would largely depend on these protests is and those leading the military council for more than a week and to make it was more than a dominant here we were down and without a government and the military council is under pressure to hand over power pressure let the public demand it when our international diplomats as well as you know we. don't want the military to deprive them of a victorious revolution it's joe morgan under their own eyes and with the recent flooding in iran those affected ten million people they're slowly cleaning out but thousands of homes and roads are beyond repair the reports. everyone we meet invites us inside their homes they want people to understand what they're going through when the first floods came
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a month ago. says there was no government warning no alert system just talk of the possibility of floods when it happened they read and they may have to run again. to the. water came up two or two and a half meters were worried because there is no dam here after more rain water will come up when there is any rain we just run away shop how much all night i pray to god not to that to happen again but there's nothing left for us to lose now just our lives. upstream rivers are picking up pace. these waters are headed for iran's western city of pul dr. there's been more rain in this part of the country in the last few days and that is meant that water is once more rushing down the river it's an unwelcome thing for communities that had barely begun to recover. as people watch the skies on the ground there seems to be no end in sight to the works.
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