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tv   Growing Pains  Al Jazeera  September 5, 2020 4:00am-5:01am +03

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don't you see. where. i've been covering all of latin america for most of my career but the it's a like and it's my job to shed light on how and why. i'm how about he did in doha with the headlines on al-jazeera u.s. president donald trump says alleged comments he made about war veterans are not true calling them into scrapes and hoax suckers and losers are among the terms the president has apparently called america's war dead that's according to an article in the atlantic magazine also in jordan has more from alexandria and virginia. well the storing isn't going away because now a number of news outlets here in washington have confirmed the same and the same
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quotes that were in that story including fox news which had been the president's go to television news network a channel that had really supported his presidency it seems up until this year it is worth noting that during a late afternoon press conference the president again did not like those allegations that he has been at any time disrespectful of those who are in the u.s. military i just want to tell you it's a disgrace because you look at what i've done for the united states military i love those people i've gotten them pay raises when they didn't get anything near what i've been able to do and i've rebuilt $2.00 trillion dollars every build the united states military and now we're including space force nobody has done more for them and then when i have to have a report read like that from a 3rd rate magazine that's not going to be in business much longer i look at that
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and i think it's a disgrace and what raised a lot of eyebrows during the president's comments is his suggestion that john kelly the retired marine corps general who was also his chief of staff could have been one of the people who spoke. to the atlantic magazine the suggestion out there but certainly that is something that people are talking about on friday night here in washington. after decades of conflict serbia and kosovo have agreed to normalize economic ties 7 presidents have a. prime minister after the hoti have been in talks in washington d.c. for several days in addition both nations have agreed to normalize from nations with this through. we showed resolve for a course there are still a lot of differences between us but this is a huge step forward we didn't speak about many items that we signed today for us
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it's very important that we are going to be unified economical and entire 1st of all kinds which will bring us to the real economic result for the benefit of for the sake of all people. absolutely this is a great moment for kosovo and for the region i think we need to step forward or fall normalization of relations that should lead eventually to mutually beneficial between the 2 countries we are committed to work together to improve people's lives the new jobs in the region jacob break the unarmed black man who was shot by police last month in the u.s. city of can osha has appeared in court on video link lake faces charges of sexual assault and domestic abuse unrelated to the shooting they say they were trying to arrest blake almost charges when an officer shot some 7 times in the back leaving him paralyzed the world health organization is urging countries to join forces to tackle coronavirus saying facts nationalism will only slow the response to the
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pandemic the organization is leading a global plan aimed at helping by and distribute vaccinations fairly but some countries have already secured their own supplies to bilateral deals and have said they won't take parts in the global efforts at such a people's courts as that held the conviction of a far right leader for insulting moroccan people that struck then another charge of inciting discrimination the court also imposed no punishment for good fathers over the comments made in 2014. and france has recorded its biggest single day wise a new coronavirus infections since the beginning of the pandemic surges force at least a dozen schools across the country to close just days into the new academic year authorities say the rise is partially due to increased testing well the ship to date stay with us on al-jazeera growing pains is up next.
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they view growth as something positive. it's great watching our kids grow up or seeing a tree grow. it we always aware that all growth must come to an end. there's a limit nature knows no such thing as infinite growth this rule seems to apply to every kind of growth but one economic growth is somehow supposed to continue indefinitely we believe them and now there are no limits to growth and human progress when men and women are free to follow their dreams and we were right . if that growth fails to materialize we panic but why.
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does one person recognize the 150 years ago growth is the fundamental principle of our economic system. capitalism only works when the economy grows but call marx recognize something else as well it is this growth that will eventually destroy the system itself. and today. if we reach that point is the system about to collapse might infinite growth actually be possible. the governments don't want us to even question the g. word they don't even want to put a discussion around growth if you're looking at this from the outside it an alien arriving from outer space and you're looking at the society. you would really wonder what was going all what are they doing what what is this gross that has to appear in every political sense on some is the basis of every economics textbook
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what is it all about is it is a religion that they have is the god that they're chasing is the virus that's taken over them. what is this visceral fear that emerges as soon as growth starts to go away. and he says off to one of vox storm canvas garnished gave the well to do from is it the mention the of it was not a levels you didn't talk vox storm in this. part of i just
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fax them style gets built out sucks them into finding and seemingly the audience votes outfox them and what is being that which is the politics fast sr for looks the most but it went up and and because if not. d.m.z. politique can come. along better perfectly. it's along his mention of the planet and keep. the box to a huge how does fit in the back off. where does this unshakeable belief in economic growth come from hasn't always been there. is a dream part of human nature. it
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was raw data was under imaginative use of mass production methods but there was a lot there was able to perform much more time marable to build more planes but all the united nations put together to turn our ships at the rate of $200.00 a month jobs which carried over the years beyond might of the united states to decide the outcome of a war. the success story of economic growth began during world war 2 mass production of tanks and aircraft let the american economy out of crisis the output of military equipment was now calculated by a new statistical measure gross domestic product or g.d.p. if production i.e. g.d.p. grew and so depressed purty americans believed so firmly in this new formula that they compel their allies to bring they can elect policies in line with it from then on it wasn't people's incomes that counted it was only growth and it turned out to
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be such a useful measure actually for the war effort and for understanding the war effort the oft awards became the single most important policy number. across the world it kind of symbolizes progress to us sort of says while things are getting bigger so they must be getting better that was the us of the g.d.p. . in the 3 decades after the war the western economies grew up to 8 percent and in the u.s. they called it the golden age of capitalism in france they were the 30 glorious years in germany it was the economic miracle an anti generation enjoyed material prosperity and full employment and this became engraved in the collective consciousness even though these high growth rates were only made possible by massive water destruction the believe in growth was now unstoppable. g.d.p. became the most important benchmark in history.
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and economy in the grace of economy was doing a good job force when when we were young if you like when as an economy as a society we were young and one of the really important things to say is that there are some societies where that is still necessary where you still need that growth where you still need food clothing and shelter whether very very poor undernourished people living on less than the price of a skinny latte from the cafe downstairs and that's why that's a situation where growth makes some sense. but the idea that as human beings all we want is more more stuff doesn't really stack up so after a certain point you have to ask yourself well how much is enough how much how much more do i need to great economy to satisfy human appetites. the 1970s so our growth rate sink for the 1st time due to the audit crisis and other factors the boom was over the market saturated western economy stagnated
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millions suddenly found themselves unemployed it was uncharted territory. for the 1st time the limits of course became visible economically socially and ecologically . we do have some understanding about growth. in 172 a group of scholars commissioned by the club of rome presented a report in washington and titled limits to growth using a computer simulation such as that mit had calculated for the 1st time what continues economic growth would do to the planet's they're finding set off alarm bells around the world when resource consumption is doubling every 20 years for the 1st time people were confronted with the fact they can only grow it could also have negative consequences and that the planet's natural limits would soon be reached
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the success story of growth was in crisis we've reached levels of prosperity which carry the seeds of disruption and necessitate a complete relook at the whole world social political and other situation. the top of rome report sold 30000000 copies and became a global sensation. and yet soon this calls themselves came under attack they calculations ready tried as irresponsible fear mongering because it's impossible to admit the end except for the success story of growth. must continue. unfortunately many of us called us predictions turned out to be right and in many cases reality even so possibly predictions. as the cover from reports was causing an international uproar the brazilian rainforest and the amazon basin were still nearly untouched the huge brazilian
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state of much of grosso largely populated by indigenous people consisted of forest and 7 today but much of that is left since the mid eighty's progress aided by international investors has been eating away at the rain forest $35.00 football fields of forest disappear every minute it's been the same story over and over again lumberjacks move in 1st thank cattle breed us and finally the story of the parents. call and they love. this quote of one point containing as is new on the nail your. aesthetician know what authorization all. the pledge government and i bear below school here but as you live out of being there god but on knowing that god is following us cie they all bear with us as i do as i am the ear wars
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the dance of the fuzzy and the keep thing they venture quattrocchi it seems were simple there has there. been as good as society as bill de gea of us both them flightplan from the merely meant them to mean that you. must or numbers a loss when you see a particular cup domiciled all who are going to wash. them are. shit the gap is there by god only could possibly broke without borders as the glue she. has been a fierce with the settlement you got the fish losing money. the tropical climate and then the $3.00 to $4.00 harvests per year and with that massive profits soy and corn for export an animal feed. i mean $163.00 is the gateway to the amazon basin at the end lumberjacks money and
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destruction into the forest. today countless trucks line the agribusiness highway transporting their valuable cargo to the international ports. they pass and enter the sea of soybean fields enormous silos and slaughter houses to one of the largest boom regions in the world growth rates of up to 20 percent business. and the savage piece is region it was just lived by indians it's just amazing forest. 3040 years just off colonization and it's the most important region nagra business off the country. it's the right place to make new investments to make money. 'd you carol a good part exported to russia china and in other countries.
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do you see any limits know the limits of the disk i have and the limits. in response to the crisis of the seventy's economic policy underwent a change of course new growth had to be followed no matter what the cost even if that meant only seeing the prime and falseness of china's capitalist. these had been contained after world war 2 because there were hundreds possibility of the great depression and the war itself. monetarism was a new magic word. among them was the idea that if you put more money into the
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economy liquidity it was cool that additional money in the economy would help really best that would help give a small production that would allow us to consumable goods and we would get growth back again so this little hiatus if you like in the seventy's primarily caused by the oil crisis led to a transformation in the economics of our society and in particular how we think about right now we think about stimulating growth i. governments deregulated financial markets banks insurance companies and investment funds games and influence and we're now allowed to gamble with currencies stocks even with people's retirement funds capital was that lose and the financial sector was flooded with my.
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divorce a pact with the devil and the beginning of a slow process of self disempowerment in exchange for growth governments relinquish the power to financial markets but who do we mean by financial markets and capital and what does it all have to do with us. the allianz group is europe's biggest insurance co and one of the biggest players in the global financial markets. it's been fun felt 600000000 oil whole different from 400000000 leaving so see shown at 100000000000 for the softness you know in the lead so see shown leading via the for saw good ones o'quinn one fist to she went on my country to so for stay in. the us some are spirit of figure one inch on base your pick your own and box in uk to
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a little finzi a party for mukesh cotton and the same box to pot it's a peon so buy spirit box and investments invest its own in it will be an infrastructure to investments in autobahn and when the tulio could detect it the sun was more of a positive closed in in china therefore also a show although some kind of one of them both. in the developed markets in europe and us. they also know new life was to be seen which we could never knock to a finance if a few of what's in it. does if your puts and i missed and via so going to invest in visteon so acts in it will be when it's at the law. as a given in the token fini gun opining given me a in didn't try and then he can and then his facts to mean decent and none
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mukesh who will have to knock and. i defend it and the tough to his system to mystique no trick is to stop it going to push it all into over that i never was an invoice spent 9 as ish mish to me i'd have it torn effects from the forst. thank you sandy 6 a gothic and going to kill ya the moment he thought he could touch up the subjects to record all kiss for cost by this thank god to 6 months i thought to. look for cost beyond. the number of millions of insured individuals it's sent on its way to multiply when andre has group as team has a rough idea to which countries and sectors the billions that flow they hire an asset manager he determines what stocks or bonds to invest and. most of our clients are institutions what they want is they want their their money invested
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in the capital markets. our customers expect their capital to be returned they want their money back and they want to return on that game and the moment there is another agenda. well why i'm commander just 1.2 trillion euros obviously it's and in germany we're managing 490000000000 euros of a sense of. the financial markets they have a social role in distributing people's savings towards investment and that investment is usually a form of there so when you get you take out a loan for example to buy a house that line could end up in a bond and we could end up buying that phone so growth is important so that individuals and companies who borrow money in the capital markets can actually pay those lines back. off of this free trade when he said friend you just.
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imagine a world with 0 growth that's a world in in which pretty much everything gets frozen if you haven't got a job in this new world with no growth bad luck. you're going to have to wait for somebody to retire before maybe you get their job . a society without growth probably won't work at all. not for long. it will be cherry and to collapse. without growth societies will descend into chaos according to the financial and political elite. but is that really the case isn't it rather the blind faith in growth that leads us to chaos. in the eighty's the world of finance operating from the city of london and wall street increased its
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influence and governments and societies and became the driving force of kept us today financial markets not governments determine their wellbeing of enteric countries. how did it come to this how could financial markets gain such influence over our lives. one person who knows the financial world better than almost anyone else you had culled for nearly 30 years you were the successful fund manager on wall street and in the city of long. known of times people i was a scientist and i've been offered 20 times in pounds to go and stone wall street in 1008. and i was one of the last out something in your room. and we went into the new era of reagan and liberal trade the so-called big bang in the city was all about financial deregulation let's go let the market decide and
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let's hire people and let's see what happens yes i suppose this really kind of controlled atmosphere which we had before and it was that we walked into where money now talks now money wins and you need people small people to trade the markets and make finance the powerhouse behind capitalism which is supposed to be. the plan seemed to work stock markets built roads no longer needed to be financed by increasing wages and tax revenue now it was all about credit governments and individuals were to take out loans from banks and investors. so that they could be good consumers and thus generate. credit cards come along overdraft so to use lending for houses becomes widely available
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and it's at that point that explodes. that now it's not just the very wealthy have access to all these things consumerism is now people lower down the income scales as well and if you look at money supply in the in supply credits in the early eighty's it just explodes. has been access to consumerism and promotion of current consumerism close debt which is created the growth we created and where we are today. the cold logic of the markets took over producing winners and losers. one of the people who knew best how to profit from this new logic was donald trump . i really think i have an instinct but i don't think it's the instate shark i think it's the instinct of of maybe getting what i want or knowing how to get what
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i want. only if you recognize the profit of petunias he's in this new era as well as. he made large scale purchases of derelict new york apartment blocks and promised to transform them into next 3 hotels and apartments to receive financing from banks high on the market boom and through the largest tax break in new york city history trump himself had practically nothing will happen is an incredible place where you build a huge building in a sold out in a matter of days i mean you know you build a building with literally 3 or $400.00 units i'm building a building is one of the hottest buildings anyone's of the scene is just selling like hotcakes when hatton itself is becoming a place of the rich period. the genie was out of the bottle the brave new world of finance or capitalism could no
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longer be constrained and great efforts were made to set it as a controllable and secure system. the whole industry is based around a kind of illusion and the illusion of certainty there is a vested interest if you like inside of the system is to project knowledge and extra knowledge but they really don't have any more knowledge than. on the deserted streets of it becomes. from your figures couriers on bicycles delivering food or medicine to lock down colombians most of them here are venezuelan migrants they might go almost a mother of 4 says contagion is always on her mind none of them receive health
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insurance for their work and exposing themselves and very few seem to have it yet there may be a bright side people who look down on them as a skilled migrants now say they're essential to control the virus i receive messages on the out saying that we are you know so i was a nurse back what i'm doing is not all that different from my passion helping others and experimental treatment in russia is helping some multiple sclerosis sufferers hope to see what stage of the treatment the u.s. one o one east follows those trying to get in and out of moscow in a time of pandemic. in the global fight against financial crime banks rely on databases for customer checks and it requires you to ensure that you know who that person is and you understand the risk that brings to the bank in terms of financial crime al-jazeera won't investigate big financial data and what can happen if you
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find yourself on a list or. terrorists the database on al-jazeera. we know what's happening i region we know how to get the playfield that others can off the fires are still going on the way they can tell the story isn't what can make a difference one way. or the. i'm how mohit seen in doha with the headlines on al-jazeera u.s. president donald trump says alleged comments he made surprise war veterans are not true calling them into scrapes and hoax suckers and losers are among the terms the president has apparently called america's war days according to an article in the atlantic magazine roselyn georgeson has more well the storing isn't going away because now a number of news outlets here in washington have confirmed the same scope and the
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same quotes that were in that story including fox news which had been the president's go to television news network a channel that had really yes supported his presidency it seems up until this year it is worth noting that during the late afternoon press conference the president again did not like those allegations that he has been at any time disrespectful of those who are in the u.s. military. after decades of conflict serbia and kosovo have agreed to normalize economic ties serbian president alexander kosovo's prime minister of to the host city have been in talks in washington d.c. in addition both nations have agreed to normalize relations with israel. jacob blakely around black man who was shot by police last month in the u.s. city of canoe shia as appears in court 5 video link link faces charges of sexual
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assault and domestic abuse unrelated to the shooting which left him paralyzed the world health organization is urging countries to join forces to tackle coronavirus saying vaccine nationalism would only slow the response to the pandemic their organization is leading a global plan aimed at helping by and distribute vaccines fairly but some countries have already secured their own supplies through bilateral deals and have said they won't take part in the global efforts. a dutch appeals court has upheld the convention the conviction of a far right leader for insults and moroccan people but struck down another charge of insight into scrim anation the courts also impose no punishment for good fielders over the comments made in 2014 and france is recorded as the biggest single day riots in ukraine virus infection since the beginning of the pandemic surges force is a dozen schools across the country to close stay with us on al-jazeera.
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to. give you growth something positive. it's great watching our kids grow up or seeing a tree grow. it we always aware that all growth must come to an end. there's a limit nature knows no such thing as infinite growth this route seems to apply to every kind of growth but one economic growth is somehow supposed to continue indefinitely. as one person recognized the 150 years ago growth is the fundamental principle of our economic system capitalism only works when the economy grows but col marx recognize something else as well it is this growth that will eventually destroy the system itself. and today. every reach that point is the system
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about to collapse might infinite growth actually be possible. the bloomberg company from new york place a central role in the financial system since the $980.00 s. rumor has provided stock traders and bankers with lightning fast price fluctuations and finance data from around the globe making it one of the world's most influential media companies. around the clock bloomberg news agency in stock market channel broadcast the glad tidings of the free market. our role in financial markets is as a provider of transparency i would provide a huge amount of data you should not have numbers on markets on economies all companies providing that chronicle of capitalism tell a story of money vitally important to bloomberg and central to what rebels. cannot cross dangerous as one of us deported numbers we look for if i say. on
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the on the state for the economy steady solid growth in financial markets do you usually reflected in solid growth. in demand in jobs markets reason is that people feel wealthier if you look at the textbooks there should be no limits to growth but if you look in the newspapers at the moment i get the feeling there is a. growth in the central question now is whether we're in a cyclical slump or there's something structural is going on. just. by release of systems based upon people remaining to have confidence in the information they're giving out and the promotion. of the ideology in the narrative which finance is based around which is increasingly become this kind of game show croce things. for a period time everybody wins. and then as you know a number of economists marx keynes are pointed out is eventually all these means go
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on and the question. to those heavy lobbying by the financial sector on the government to ensure actually that this financial sector growth could continue and governments believe that it was in the interest of the economy because everyone told the monitors and told them that if you had all this liquidity in the system then you must be growing your real economy but actually what was happening within that system rather was that you freed up all this money which was then used to bet on the increases in the value of certain companies and certain shares and of money itself in the system and the people who were doing that betting were not only profiting from it but they were also the only people who were regulating the system so it created a huge unstable and incredibly. equal system in which the rich got very much richer really very fast. for
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decades society has been transformed into an enormous market to which there's allegedly no alternative. the huge sums few in the financial markets scream for high returns and have penetrated every corner of the globe. new ways are constantly thought to expand profits already in the tree is the road seems to be getting to small for the capital. when i was a kid i couldn't afford to fly in an airplane i actually joined the air transport industry before i ever flew in here. today people take flying for granted it shaped the way we buy goods it shaped places people go to shape the meetings between
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people and different cultures. over the next 20 years we expect the world to meet 32000 new civil aircraft. at the moment around 1000000000 of the people who live on our planet fly by air regularly. the remaining 6000000000 don't yet fly by air and it's these people who will be tomorrow's passengers and tomorrow's customers in addition for those of us in developed countries who take flying for granted. have to live over the last 6 years more than 100 brand new airplanes so it's you know it's
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a charge. on airplanes they're missing days the changes. that take the. leap. and are there's a retailer or something to turn the bible belt. up as i do well to. block i thought on stuff that's about to get a lot of value and we're currently we have a slightly montreux 100 apples. in china they tend to and every year in the range of 10 or 15 in you them possible to be viewed imagine if everybody cannot fault the travel expenses even the peasant was low cost the business walter a worker is willing to travel by air the marketing is fantastic you can't imagine
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and i i already seems that this is a sign of that that's why when i look at it every time i'm asking about the perspective of the market i cannot imagine as a dime ation of this market when i have the reference of 1400000000 which is even more important than the whole of europe and more atrophy means more pollution what do you do about that. we made every single effort to try to reduce his emissions but if we look at as a social benefits and as economic benefits as education industry or bring to the humanity. and then people may think of differently we. are trying to make as well as smaller and smaller. to make it to every euro village.
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for decades growth was kept on life support with debt only if you had the courage to say that the party couldn't go on forever and no one listened to them. in september 2008 the time had come the house of cards collapsed it's a black monday for the american capital market despite dramatic rescue efforts over the weekend all efforts to keep the world's 4th largest investment bank alive have failed lehmann brothers is shutting its doors for good it's also i think a necessary part of the clean up process i mean we knew it was weak we expected to
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go it's not going in the way that people expected it to but it's gong. the long run i'm confident that our capital markets are flexible and resilient can deal with these adjustments. so that. there was a deep shock in the system there was a sense of my goodness we can't let this happen again governments have to have a better handle on this system and for a while there were attempts to do that it lost it probably a matter of a few months in fact by the end of 2009 and into 2010. the very same companies a been responsible for some of that disaster was still engaging in those same kinds of risky trading procedures that for a while had been stopped in the wake of the crisis and we learned a lesson. but then we forgot it again.
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the financial crisis was a huge opportunity for governments to free the world from its dependency on financial markets and to change the system but they wasted it instead they did all they could to revise the old system spending trillions of dollars to save the banks . then something incredible haven't the banking crisis miraculously became a sovereign debt crisis drive a debt became public that governments and the citizens press objected to a sturdy policies under which millions of people suffer to this day. thanks and stock markets however keen to demonstrate a sense of normalcy as soon as possible in reality nothing is as it seems kept the business of after crisis that no longer functions like it once did.
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even though it's not as busy as it used to be this is still the center of capitalism you can look at all the tourists who are outside the building taking pictures they all still believe this is the center of capitalism it's a symbol of something it means something to that. 10 percent i'm sort of like the weatherman for the stock market i come in every day and try to figure out what's going on in the stock market i talk to trading desks i talk to an honest i talk to people who know a lot about the stock market and i go on the air and on the internet and explain what's going on. remember the s. and p. $500.00 is down one and a half percent this month you have a very clear market leaders and the reason we've had it is because of better prospects for earnings in the 4th quarter remember what the market leaders have been energy tech events lagging today energy tax and banks that's interesting their expense. but it's you know. it bothers me just to try to.
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human beings want stories they don't want an endless list of numbers nobody is impressed with a list of numbers they want to know what's going on tell us in plain english what the markets were doing and that's the real skill set and often that's not easy because things are very complicated. people have always claimed that capitalism can be evil and capitalism doesn't help people i completely disagree what i see in the last 150 years is millions of people have been lifted out of poverty i personally am a true believer and still believe that the system works well and i'm committed to that system.
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at the underfund and the new york about the van that fell from 1000 mention of the market. committee of dimensions in them to get attention because you can fall into a dozen shots which tells me it's in the wind as the hell is defense hot in the house and this is one of the new york stock exchange this is a list the average i was in his 1st published it. is in this as the machine just about wins. 3 or jackson cause of death into naming me a given of every chuffed to not be given that he's going to name. just come on the awful scene and be among the hostages have been known to the i love that stuff compels if you have been in with our side long outside but it was in one town wow kind of talks to me getting tied to given a sinking truck since trying to browse and cause them to mock police towels on competition day. it up.
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i think what we've seen over the last few years is cracks in the in the shiny surface of capitalism. and a 1st that's what they look like you know they just look at say something not quite right the way the light reflects off it and thus you look more and more closely. you see this you see that these cracks gay rights of the heart of the model they go right to the heart of the basic ideas of capitalism. capitalism is to work. can the system deliver what it promises. providing growth jobs and prosperity for all.
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jambo one side is your new smart factory in the sea this is just. a little too and all. the smitten on the cabinets you can want to save all up to you. not to use this one gets you just like instead you see the hobbit like a little slow. down on a lot of. unix boxes been diminished busy and all but that's in the city on the bend us on the on the bad insults you can find don't understand and this is all fine not to visit spots that was on the tube is that's not good as it's come most mishmosh least. ever since the industrial revolution machines have been replacing human labor there by causing great societal the pavements. but until recently they had only replaced the physical labor. of humans. now machines are capable of doing what makes us human soon they're able to
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think it's a completely new chapter in human history which will have massive consequences on how we live and work. can technology thanks watson can. i be in watson is a technology unlike any that's come before because rather than force humans to think like a computer watson interacts with humans on human terms. so it's just interested in some of them because of cognitive often stunt this jesus team are going off to compliment him. on dom it be it somebody should be going to stop kids and get i mean so i sent his team in how to buy something langston in points in full view not find that and discuss some contexts in top that you've been hesitant to sustain begin to laugh when time goes the toilet doesn't pass also do not have hospital was just him all talk and on to it. if you're interested in checking it
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that you're a spectator stand evolution's it makes this whole notion take great great gesture. as well is to carry the rights of a mystery mission get guess who can be able to do it the right people ultimate goal is to get me to go michael in self role to interact with school thinking i'm showing. you visit me stop by on zoom in on a farm set up some shuffle i'm getting tired here i can finish my work. then never get off the myans i nixed the idea of ted's mindsets building. and just how true in extremis affair next to him is prevailing. in the future agribusiness and robots will be able to carry out nearly every would seem to previously performed by. millions of jobs through. the. new technologies like economic growth but not much in the way just and that could
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endanger capitalism itself. be able to access all the nice things mass produced every day but they're not enough people who can pay for them with their wages. in financial markets algorithms have long since been running the show computers interact with other computers and fractions of seconds without any human input. in this room that's what we do here we have an on off switch right where's there's really no human in our bench and i really don't believe in leaving the room.
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and letting you know something trade on attempted it's about being there with the creation you know you've worked on. you know even if i don't i don't know you don't control it but you watch it is it doing everything they designed it to do . there are many mathematical models that come out of fields such as horse betting that are used and our business as this kind of fundamental pieces of algorithmic trading we somehow project and then our couple this society this idea. that that this is a safe environment for people to build up their rear tire meant taht is actually a hyper competitive environment and. depending on the product there's there is you know sometimes i feel safer going into a casino than trading certain products in our space i mean. it is
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a very different world than the way it's advertised to the general public. financial markets out of control and no longer have any connections to reality why the algorithms and robots produce growth they only provide work and prosperity for a few and it's this growth that's destroying our future on the planet. the signs that something has gone wrong with the us system has become impossible to overlook so why do we consistently ignore them. this is for t.v. the network was always stuck together for your. time trusting a lot better now than i was before i did tell it you know because they even hire you style you know i mean. you guys look like so you obviously don't know what i'm talking about but you know this is a really nice quote. i call it going to the most powerful name in financial
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television wall street week his back yes news guy bridge actually purchased the rights to wall street leaks i view myself as a capital artist ok this company that i've created is my canvas. i know you guys in the media don't like capitalism but you know someone's had to pay for the camera and a microphone so i mean at the end of the day the capital system is the only system that we've been able to design that works. let's talk about growth ok there is a perception right now in these elitist academic salons ok now we're not going to grow anymore well that's just flat out wrong if you study 5500 years of human history we know that human beings are designed and great intellectual curiosity and to innovate there are so many things that we're going to do over the next 50 years that's going to shock everybody in terms or keep ability we're going to pull asteroids down from the asteroid belt that are loaded with platinum that would be
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where the 1st trillionaire comes from we're going to unlock the ability to stop aging or destroy cancerous cells in our bodies all of this innovation is ahead of us and there's a tremendous opportunity for growth. there's a sense of desperation to this strategy that we don't want to base a realistic in the world we would much rather have. you know a total fantasy for our guiding star we would like to have this vision that we don't have to think about detailing grace we have to think about making grows even stronger we have to go for it we have to make america great again we have we can all be billionaires we can all we have property empires and of course it's a little engine but if it goes back to exactly that same simple basic fact we live
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on a file a planet. that there is a space for the dream of this reinvigorated the ranks fetish this is. just. we live in extraordinary times our world is becoming increasingly complex and many are disappointed to find that they are worse off than they used to be. but instead of touting the economic system they turn to those who have profited from it the most those who continually promise new growth. for these empty promises more and more people are apparently willing to sacrifice democracy and peace and then vironment. capitalism has reached a new level of escalation but it's no longer suited to the world we live in. it's and it's closer than we think.
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they're fairly quiet picture across much of the united states the house they want to show. the south the east but really the bulk of the country is found in the heat wave is back in place across the west but the have been some fairly heavy downpours across the central regions of the being flash flood warnings in place and look at this this is you can see was jus to exactly that very heavy rain over several days on the ground gave way through saturday across his particular slice across into can suck out tools east but more rain showers heavy at times and thunderstorms working their way up from northern areas of mexico says spotting up into southern texas and
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then through sunday we'll see some rather heavy rain developing through the northern plains out towards the midwest and again those rains could be heavy at times especially if showers in the southeast but generally it is a fine and dry picture that we had down into central america on the cow been lots of cloud around in the last few hours we have a cool scene the end of the tropical storm nona but plenty of rain through saturday fairly well scott to put some heavy cuba out across into haiti and also more rain across the southern and eastern sections of mexico you saw those pushing up into southern as the 19 states it will stay rather unsettled on sunday some areas could see some or all the heavy rain and heavy rain in cuba. this lands of money and. the politicians playground during election season they say few women bond all you've got mail but the left promises are made and votes are
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gambling their souls are for sale they are the bane of the whole thing but we're real changes made their way to the lives of the people who were long on leave in. this land. on al-jazeera. rewind returns. with updates on the best of out is a list documentaries i would compel you to onion we haven't done in the fetus bath of the house and this is the temple mount this is the only city rewind continues with losing louisiana what was once a thriving community. with murdering about people white on the southern tip of the it lies submerged 30 feet below us on al-jazeera. building a wall was the promise made in the bid for the white house 0 tolerance approach the southern border became government policy detaining children and separating families
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the stark reality a picture too much to bear for many americans in a country that was built on immigration. follow the key issues of the us elections on al-jazeera. horning. a commander in chief under fire donald trump denies claims he mocks america's war dead. hello there i'm how i'm a historian and this is al jazeera live from doha also coming up. targeted as a diplomatic win for donald trump after days of talks in washington serbia and kosovo agreed to normalize economic ties. when i get opposition in exiles from
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planet to kind of sky speaks to al-jazeera about the real.

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