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tv   Growing Pains  Al Jazeera  September 8, 2020 3:00pm-4:00pm +03

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al-jazeera. and. madison in doha the top stories on dizzier 2 men who say they deserted from the me and me are reported to have given confessions detailing mass killings and the destruction of running a village is they're now said to be in the hague where they could provide a breakthrough for an international criminal court investigation well hala john jr has covered the range of prices extensively and has more. if these 2 soldiers are indeed giving these kinds of details to i.c.c. investigators that could have a huge impact on a potential case it's been well over a year now that the i.c.c. has been trying to build a case they launched an investigation they have opened
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a case but it has been tricky for the i.c.c. because of jurisdictional issues because me and maher is not a signatory to the rome statute they are not a member of the international criminal court they do not recognize the i.c.c. bangladesh however a which has helped the i.c.c. in building this case is a member of the rome statute and the fact that in the reporting there has been about this we heard that these 2 soldiers fled to bangladesh it's really going to be interesting to find out just how much of a role bangladesh played in trying to get them to the i.c.c. of course having direct testimony from soldiers involved in what many have called these horrific atrocities committed against the rohingya that would be a huge development rohingya refugees since the beginning of the crackdown that was launched against them august 25th 2017 have used the word genocide to describe what
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happened what was perpetrated against them so if now there is direct testimony that means that me and mark could be a lot more liable. but the russian state t.v. says a prominent opposition activist missing since monday has been detained near the border with ukraine maria kolesnik over was being seen snatched off a street in minsk by masked men and taken away in a van state media denying those reports belarus an opposition candidate sideline as a kind of sky a says president alexander who sanka no longer has the legitimacy to engage in diplomatic affairs she told members of the council of europe that any treaties signed with look at shanker wouldn't be upheld by future governments my country my nation might be will now need help need international pressure on this regime this is one you need to know this week leaning on to. be a neat son since indeed those who issue and exit your stream now or this
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violates international norms and human rights severe flooding continues to devastate parts of sudan days after the government declared a 3 month state of emergency officials say about 100 people have been killed more than 100000 homes are damaged flooding this year has far exceeded record set in the 1940 s. causing the nile to rise to levels not seen in a century but the u.n. is warning the situation may get worse with more heavy rain expected until the end of the month india and china are both accusing the other soldiers of firing shots in a new confrontation along their disputed himalayan border china says indian troops crossed the so-called line of actual control in the western region on monday and opened fire but india's military has laid the blame with china accusing it of what it called provocative measures both sides usually avoid using firearms in the area . to a stranger and journalists have returned home from china after
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a tense diplomatic standoff which left them feeling arrest chinese police had demanded interviews with the men and initially barred them from leaving but a porters one from the state broadcaster a.b.c. and the other from the financial review sought refuge in australian diplomatic compounds where their safe departure was negotiated. 17 coronavirus cases have been confirmed by greece's overcrowded migrant camp more than 12000 people in the camp on the island of lesbos now being placed under quarantine after its 1st case was reported last week aid groups are warning social distancing and basic hygiene measures are impossible to implement in the cramped facility and those are the headlines the news continues here on ars is it about half an hour after growing pains good buy.
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'd you're. the view growth of 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 believed them and now there are no limits to growth and human progress when men and women are free to follow their dream. and we were right . if that growth fades 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 col 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. at infinite growth actually be possible. the governments don't want us to even question the g. word they don't even want to put the discussion around grace 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 what is it all about is it or is it a religion that they have is the god that they're chasing is the virus that's taken
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over them. what is this visceral fia that emerges as soon as growth starts to go away. and he says often one of storm kindness garnished gave a while to be defined as a dimension the of it was not a levels you didn't talk back storm in stand us. all to god just fax them style gets built out sucks them into finding and semen is the audience
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votes us maximina what is being though is just the politics just senior level of excellence to buddy went up and and because if what. mediums he politique can come on that's a veil on bit of a fickle. it's along his mention of the planet and keep to do with mizuho the box to long in a huge how does fit in the one up in the above you just read off. where does this unshakable belief in economic growth come from. is it always been there. it is a dream part of human nature. it was through all those years under imaginative use of mass production methods but
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there was a lot there was able to perform much wartime miracles to build more planes that all the united nations put together to turn our ships at the rate of $200.00 a month ships 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 of gross domestic product or g.d.p. if production i.e. g.d.p. grew and so did prosperity 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 be such a useful measure actually for the war effort and for understanding the war effort that off towards it became the single most important policy number.
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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. 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. the ng at. that and the economy and the grace of the economy was doing a good job force when when we were young if you like when as an economy as
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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 a that's a situation where growth makes some sense. but the idea that 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 grow the economy to satisfy human appetites. the 1970s so our growth rate sink for the 1st time due to the oil crisis and other factors the boom was over the market saturated western economies stagnated millions suddenly found themselves unemployed it was uncharted territory. for the
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1st time the limits of course became visible economically socially and ecologically . we do have some understanding about growth. in 1982 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 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 the success story of growth was in crisis we've reached levels of prosperity which carry the seeds of disruption and necessitate
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a complete relook at the whole world social political and other situation. a couple of rome reports sold 30000000 copies and became a global sensation. and yet soon this calls themselves came under attack their calculations ready tried as irresponsible fear mongering because it's impossible to admit the end except. 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 surpassed the bleak predictions. as the cover for only reports was causing an international uproar the brazilian rain 1st in the amazon basin was doing nearly untouched the huge brazilian state of much of grosso largely populated by indigenous people consisted of forest and 70
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today not 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 movements 1st thank cattle breeders and finally the story of the parents. following that last. misquoting of one point containing as is new in the mail your. aesthetician know what audie zome given was a shall not approach government and i. believe school fairness he leered of seen to god but on knowing that a god is following a cie in tone there is this as i'd as i have the ear wars or the dance of the fuzzy and the keep thing there. were stamped there has there.
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been as good as society has boogy of us both them slide plimpton the meal you meant them to mean by you. must or noma's a loss when you see a pick your cup down must own all dog and it was. a mark. yep it is their viii god only could possibly. know the sestak lucia's ain been a fierce with who said one you've got a fish losing money. the tropical climate and there were $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 both lumberjacks money and destruction into the forest. today countless trucks lined the agribusiness highway transporting their valuable cargo to the international courts. they pop. and the c.e.o.
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of soybean fields enormous silos and slaughterhouses to one of the largest regions in the world growth rates of up to 20 percent business. and the seventy's is region it was just. 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. you carol a good part exported to russia china and the nordic countries. do
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you see any limits to 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 found no matter what the cost even if that meant only seeing the prime influences 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 economy liquidity it was cool that additional money in the economy would help
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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 grace and how we think about stimulating growth i. governments deregulated financial markets banks insurance companies and investment funds going to influence and we're now allowed to gamble with currencies stocks even with people's retirement funds capital was let loose and the financial sector was flooded with my. divorce a pact with the devil and the beginning of a slow process of self disempowerment in exchange for growth governments relinquish
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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 400000000000 for the softness you know in the lead so see shown leading via the foresaw good ones o'quinn one fist to she went on my country to so for stay in. the us some. of figure one inch on base you think you want in fact uk to is wolf insecure. and the some bucks to part it's a peon so buy spirit box and investments invest its own in it will be and
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in foster to investments in autobahn and when the tulio could detect. the subtle eyes more than 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 wants to be seen which we could never knock to a finance if a few of what's in it. is if you put sand. missed in via so going to in this t.v. the high sheen visteon acts in the movie and it's at the law. as a given in the token fini gano ponding given that mia in didn't train and then he can and then who will this fax to mean decent and none mukesh who will have to knock and. i defend it and that's after his sister to mystique no trick is to stop
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it going to push it into over it but i never was an invoice spent 9 as ish mish to me i'd have it torn if i was to meet forced. thank you sandy 6 a gothic anointed aiyana will miss he felt he could think. up the sox to a cold case for cost by this thank god to 6 months i thought to. look for cost beyond. the number of millions of insured individuals ascend 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 in the capital markets. our customers expect their capital to be
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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 obvious it's and in germany we're managing 490000000000 euros of a sense for. the financial markets they have a social role in distributing people's savings towards investment and that investment is usually a form of debt so when you 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 20 just. imagine a world with 0 growth that's
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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 influence and governments and societies and became the driving force of kept us
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today financial markets not governments determine the wellbeing of anti 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 have culled for nearly 30 years you were the successful fund manager on wall street and in the city of london. known of times people much as i was a scientist and i've been offered 20000 pounds to go and stone wall street in 1008 . and i was one of the worst i was the beginning. 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 let's hire people and let's see what happens yes i suppose this really kind of
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control that is here which we've had before and it was that 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 seem to work stop markets build roads no longer needed to be financed by increasing wages and tax revenue now it was all about credits governments and individuals rather take out loans from banks and investors. so that they could be good consumers and thus generate. credit cards. overdrafts so to use lending for houses becomes widely available and it's at that point that explodes that now it's not just the very wealthy have access to all
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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 market 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 instinct shark i think it's the instinct of of maybe getting what i want or knowing how to get what i want. only if you recognize the profit opportunities in this new era as well as
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donald trump he made large scale purchases of derelict new york apartment blocks and promised to transform them into next 3 hotels and apartments to see financing from banks high on the market boom and through the largest tax break in new york city history trump himself had practically nothing move 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 units i'm building a building is one of the hottest buildings and he was at 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 longer be constrained and great efforts were made to set it as a controllable and secure system. the whole industry is based around
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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. rewind to 10 pts. with updates on the past about to serious documentaries i will compel you to at onion we are going down in the street to spot the heart of the temple mount to the own city rewind continues with losing you easy and i was once a thriving community well water with murdering it down to the evil white on the southern
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tip of me ziada it lies suburbia 30 feet below us on al-jazeera. 1967 and the 6 day war was at its height a u.s. spy ship the u.s.s. liberty monitored the conflict from international waters suddenly she was attacked by the warplanes of america's closest region and israel over $200.00 were killed and wounded the front part of the ship was just read with what happened that day has long been a subject of cover up and mystery now the truth can be revealed the day israel
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attacked america a major investigation on al-jazeera. on robertson in doha the top stories on al-jazeera 2 men who say they deserted from the me and army are reported to have given confessions detailing mass killings and the destruction of rocking of villages they're now said to be in the hague where they could provide a breakthrough for an international criminal court investigation or how much i'm jim has covered the regular crisis extensively and has more having direct testimony from soldiers involved in what many have called these horrific atrocities committed against the rohingya that would be a huge development writing to refugees since the beginning of the crackdown that
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was launched against them august 25th 2017 have used the word genocide to describe what happened what was perpetrated against them so of now there is direct testimony that means that me and more could be a lot more liable belorussian state t.v. says a prominent opposition activist missing since monday has been detained near the border with ukraine but he was being seen snatched off the street in minsk by the last men and then taken away in a van state media are denying those reports. severe flooding continues to devastate parts of sudan days after the government declared a state of emergency officials say about 100 people have been killed and more than 100000 homes are damaged india and china both accusing the other soldiers of firing shots in a new confrontation along the disputed himalayan border china says indian troops crossed the line of actual control in the western region on monday and opened fire but india's military has laid the blame with china accusing it of what it called
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provocative measures to australian journalists have returned home from china after a tense diplomatic standoff which has left them fearing a rest chinese police had demanded interviews with the man and initially barred them from leaving reporters one from the state broadcaster a.b.c. and the other from the financial review sought refuge in australian diplomatic compounds while their safe departure was negotiated 17 coronavirus cases have been confirmed to greece's overcrowded migrant camp more than 12000 people in the camp on the island of lesbos have now been placed under quarantine after its 1st case was reported last week aid groups are warning that social distancing is impossible to implement in the cramped facility and those are the headlines the news continues here on after growing pains good buy.
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more on.
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the view growth as something positive. it's great watching our kids grow up or seeing a tree grow. it we always aware that all our growth must come to an end. there's a limit nature knows no such thing as infinite growth this ruth 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 about to collapse. infinite growth actually be possible.
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the bloomberg company from new york place a central role in the financial system since the 1980s who merkins 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 would provide a huge amount of data about the numbers on markets on economies all companies providing a chronicle of capitalism telling the story of money vitally important to bloomberg and central to what me about. you know great danger is is one of most important numbers we look for if i say fourscore on there on the state for the economy steady solid growth in financial markets do usually reflected in solid stable growth.
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in economics 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 at the newspapers at the moment i get the feeling there is a is a can. the central question now is whether or not a cyclical slump or there's something structural is going on up biggest. i release information systems employees are based upon people's remains have confidence in the information they giving out on the promotion. of the ideology and the narrative which finance is based around which is increasingly become this kind of game show roach things. for a period time everybody wins. and then there's you know a number of economists marx keynes and pointed out is eventually all these mains go on and the question. to those heavy lobbying by
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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 decades society has been transformed into an enormous market to which there's
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allegedly no alternative. the huge sums few in the financial markets scream for hire jones 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 america. today people take flying for granted it shaped the way we buy goods it shaped places people go to shape the meetings between people and different cultures. over the next
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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 delivered over the last 6 years more than $100.00 brand new airplanes towards airlines charge. on airplanes every string days the changes. that take something.
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as our years a tale after something to turn the battle now we all. sense i do well to. walk i thought myself that's about to get the audience that even though we're currently we have slightly montreux 100 apples in china today and every year in the range of 10 or 15 in you want to be 0 imagine if everybody. now for the travel expenses even the president was low cost the business water a worker is willing to travel by the marketing is fantastic you can't imagine and i i already seems that this is a sign of that that's why when i look at it every time i must climb out of the
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perspective of the market i cannot imagine 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 differently we. are trying to make as well as smaller and smaller. to make it a real village. for
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decades growth was kept on life support with that only if you had the courage to say that the party couldn't go on forever but 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 lehman 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 go it's not going in the way that people expected it to but it's gong. to.
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the long run i'm confident that our capital markets are flexible and resilient and can deal with these adjustments for a long time so that. there was a deep shock in the system it 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 is austin 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. the financial crisis was
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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 happens the banking crisis miraculously became a sovereign debt crisis dr addends became public that governments and the citizens press objected to a sturdy policy is under which millions of people suffer to this day. thanks the stock market is however to demonstrate a sense of normalcy as soon as possible in reality nothing is as it seems kept the business survive the crisis that no longer functions like it once did. 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
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pictures they all still believe this is the center of capitalism it's a symbol of something that 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 is down one and a half percent this month you have 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 there are mixed. opinions but you know if i mean just change crowd are. human beings want
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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. at the underfund and the new york about the van that fell from 2000 mention of theme park at. a middle point of
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a dimensions in them to be detestable because you're going to just fall into i didn't shout through tells me it's in the wind as the shell is different than the housing this is one of the new york stock exchange this is a list the average i was in was 1st published it. is in this it's the machine just about wins. we are in jackson cause the decide to vote want to name in me a given of every chuffed a top not be given i'm going to name. him off the oxen cause it does come on the awful scene and be among the hostages have been known to the i love village shaft impels of if you have been in with our side long outside but it was incontinent our kind of talks to me getting tied to given a zing in court since trying to balance and cause them to mock police to towels on competition day until just one day early keyed up. i think what we've seen over the last few years is cracks in the in the shiny
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surface of capitalism. and the 1st that's what they look like in a. just look at 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 go right so the hearts of the model they go right to the heart of the basic ideas of capitalism. capitalism is to work. the system deliver what it promises. providing growth jobs and prosperity for all. the on both sides because your new smart factory in the scene this is just. a little. bit on the company's young con and he said of all opinion. the
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tradition is lose its you just. get a couple to keep your hobby like a little slow. down on a lot of. unix boxes been diminished. but that's in the city on the bend us on the on the bad self you can find don't understand and this is all fine not to because it sparks what was on the tube is that's been the truth is it's come most mishmosh least. ever since the industrial revolution machines have been replacing you label that by causing great societal upheaval it's. that until recently they have only replaced the physical labor of humans. now machines are capable of doing what makes us humans unique they able to think it's a completely new chapter in human history which will have massive consequences on
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how we live and work. can't. technology thanks watson can. i be i'm watching is a technology unlike any that's come before because rather than force humans to think like a computer watson interacts achievements on human terms. so it's just interested into the mind with them because of cognitive least on testes a stammer and off to compliment them and when dom it's going to stop kids and get an insight and system in how to bite something lengths unemployment's and fulvia not find that to discus something contexts into the tube in heaven into system begin to laugh when time goes the toilet as the boss also did not have hospitalised comes to him all talk atlanta. if you're interested in checking it that you're a spectator stand evolution's it makes this whole notion take great great gesture.
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as well as pick the right to a center and ratio gets yes you can be able to do it the right people don't just get to me michael himself will interact with thinking of a story. they. visit me stop by and zoom in on a farm set up so shuffle and getting tired here i can finish my work. then never get off damien's i next day i t.v. ted sometimes that's the thing. and just how true in extremis if an extreme is prevailing. in the future agribusiness and robots will be able to carry out nearly every would seem to previously heard from both. ends of jobs who. these new technologies can survive to connote a growth but that much in the way of jobs and that could endanger capitalism itself . to be able to purchase all the nice things mass produced every day when there are
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not enough people who can pay for them with their wages. in financial markets agger rhythms 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 was there's really no human in our bench and i really don't believe in leaving the room. and letting you know something trade unintended 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
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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 it's actually a hyper competitive environment and. depending on the product there's there's you know sometimes i feel safer going into a casino than trading certain products in our space i mean. it is a very different world than the way it's advertised to the general public.
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financial markets out of control and no longer have any connections to reality. while 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 a system that's 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 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 some really nice quote. michael mcclinton the most powerful name in financial television wall street week his back yes the news guy
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ridge actually purchased the rights to wall street so 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 on the 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 to have great intellectual curiosity and to innovate there are so many things that we're going to do over the next 50 years is 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 where the 1st trillionaire comes from we're going to unlock the ability to stop aging or destroyed cancerous cells in our bodies all of this innovation is ahead of
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us and there's a tremendous opportunity for growth. that's a sense of desperation so this strategy that we don't want to base that 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 no we don't have to think about detailing christ 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 asia but if it goes back to exactly that same simple basic fact we live on a file a planet. that there isn't the space for the dream of this reinvigorated the regs
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fetich 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 doubting 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 peace and then vironment. capitalism has reached a new level of escalation but is no longer suited to the world we live in. it's and it's closer than we think.
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hello more spring snow is coming into the chilean and these all this very obviously recognizable cold front now that goes through on the in the leave course it's going to be drawn mostly sunny with a northerly breeze which is in some 1000 homes quite well so up to about 20 degrees in back here blanket and which is rather warmer than montevideo which is come back to where it should be but the onshore breeze is quite strong for your required southeastern brazil and that will bring quite a few showers with the organ the bulk up into proper rain which is a bit of a shame because we want right now is where there's not much rain visible it amazonia just in venezuela and there's a bit of a mass of showers from the bahamas down through cuba to jamaica that's drifting slowly west woods there will be i think setting up in honduras again been seen
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flooding recently in honduras and throughout mexico they are showers seems quite likely in the u.s. apart from the may just sort of the heat wave in california and the fire is this is an active front it's a cold front so obviously the air behind it is cold significantly code a drop of over 30 degrees is happening in denver and that's all going science words pushing out the heat so it's going to be active weather but obviously with that sort of temperature regime is going to be snow of some depth. hi i'm steve clemons and i have a question to ask these days it's hard to filter out the newly seen keep track of what's really important to the bottom line tackles the big issues this issue united states its people its economy and the way it deals with the rest of the world the bottom line only on al-jazeera. i care about how the u.s.
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engages with the rest of the world we're willing to fit in taking you into a place you might not visit otherwise and feel that you were there. already. this is al jazeera. hello i'm rob matheson and this is the news our live from doha coming up in the next 60 minutes confessions of mass murder and burning of entire writing give villagers alleged details from 2000000 more soldiers could help bring a genocide case to the international criminal court.

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