and number of these stores is increasing the pandemic too has gone some ways in changing consumer habits people have become more careful with their spending cancellation of fashion shows disruptions in supply chains to help shoppers break the habit of following the latest trends but ask the global economy slowly recovers and consumption bounces back to prepaid debit levels and far mentalists will be hoping the trend for sustainability in fashion stays constant florence louis al-jazeera quality. with me rob a reminder of all top stories israel has launched 150 in a strong civil. and intense night of raids a girl has been pulled from the rubble as rescuers searchable survivors at least 154 palestinians have not been killed since monday. in gaza

the minister of health. couric did what we were reporting earlier about a doctor's wife and 5 children killed they confirmed that they there is cutie and while digging they found 5 children alive and. they believe that there are. more people alive under the rubble of the destroyed house from the last. doctor. 'd all over 'd the gaza strip. hamas has fired more rockets towards israel who are most were intercepted by the iron dome defense systems at least 10 people have been injured in the latest attacks 10 others have died in israel since the conflict escalated earlier on friday israel destroyed an 11 story building housing international media including al-jazeera and the associated press both companies have condemned the attack and to continue

reporting from within garza 30 people have been sentenced to death in the democratic republic of congo to violence between rival muslim groups protesters were fighting over the right to celebrate the end of ramadan at the sports stadium in the capital kinshasa a police officer was killed and several people injured saturday's the 1st day of a historic 2 day vote in chile which is the electing an assembly of $155.00 members to write a new constitution in a global 1st 50 percent of those elected must be female taiwan is imposing new restrictions as it battles its worst outbreak since the pandemic began in taipei and surrounding areas indoor gatherings are limited to 5 people and shops and restaurants will close and you can follow of course all of those stories on our website at al-jazeera dot com it's updated throughout the day and back with more news in half an hour but next on al-jazeera is counting the cost with how to stay with us. like we will never give up we will never get to see that

shook us politics to its core. faultlines examines the fallout i don't know what the hell happened to the republican party and asks what next for the grand old party everything i think or everything is clear this is trumps party will the fire overtake the party will overtake the country fault lines capital attack the republican party off to trump on al-jazeera. however i am how the markets and this is currently in the cost on al-jazeera of the world of business and economics this week the return of big government by then spending trillions taxing the rich and corporations giving away peyton's for

vaccines to supercharge the economy and global growth. well that leads to a rise in inflation prices are rising all along the supply chain and so on wages but it's not an equal global recovery i made an unequal vaccine program. and when the billions in revenue just aren't enough and generation said switches off footballs business model wasn't working before the pandemic and it's not working now to. raise taxes for the rich and corporations to pay for not only the post pandemic recovery but leveling up the way the gap between the richest and the poorest in society it sounds like a no brainer seeing as the wealthiest us citizens that made more than 4 trillion dollars last year from stock market gains but president joe biden's plans to spend trillions of dollars on the recovery also tells us that the reagan era accepted

consensus of trickle down economics maybe at an end a big government is back more than 2 decades after bill clinton declared it was over or biden's plans to spend $2.00 trillion dollars in infrastructure and $1.00 trillion dollars and on proving education and training have echoes of franklin roosevelt's new deal during the depression in the 1930 s. it's not only a u.s. phenomenon one of prime minister boris johnson's plans for leveling up disadvantaged areas in the north of england was to spend billions of dollars on infrastructure programs separately a report commissioned by johnson ahead of the g 7 meeting in june said the world's richest countries should invest 10 trillion dollars to stalk a green for coverage and provide vaccines and a similar splurge could be under way on the european coincidence with plans to distribute 750000000000 euros in grants and loans to national governments it's all

these prime minister mario draghi is banking on the 261000000000 euros to revive the moribund economy his spending plans could boost the economy by 3.6 percent by 2026 but all these plans may have. and its side effects inflation while stock markets of hit record highs they are jittery about the prospects of runaway inflation and central banks withdrawing support through cheap money fed chair june powell expects higher inflation will be transitory arguing that the labor market remains 8400000 jobs below its peak in february 2020 well there's a lot to unpack here is less brigade see experts to help us do just that carry a part is head of investment research at f.x. primus she joins us from the muscle in cyprus and robert's janiero is the director of black square international and

a visiting fellow at the london school of economics he joins us from london and robert see you 1st if you think this is a temporary return to big spending governments or could this be something more permanent so he feels a little more permanent doesn't think the government has a lot of money last year getting through the pandemic and now thinking well how do we recover and who are going to spend money going forward to try and stimulate their economies. and take lots of infrastructure in spending to grow that no attempt to grow their ways out of out of the recession that they. do you know the big fear with the stimulus is that it is going to cause inflation that hasn't gone down very well has said especially after janet yellen the us treasury secretary said interest rates would need to rise comments that she has since walked back was here if you i mean definitely given the size of the realists from the central banks

as well as in the federal government we're going to have pick up in inflation at some point however i do think that maybe the fears are a bit overstated at this point and looking at yesterday's inflation number as well it's larger concentrated in those cyclical areas of the economy but given the amount of stimulus it's only natural. that we're going to have some sort of bright price increases and also on a durable basis not just $1.00 time shift in a price level and robert it's interesting here that we're talking about the huge investment that the richer countries are funneling inside the economy and yet many developing nations are already working on clawing some of these debts back out as we saw with columbia was your take on this is a really mixed picture as you say you know wealthy countries are saying we're going to build we're going to digital guys we're going to combat climate change and have green backs and but then

a lot of that. ice as kyra said is tied to what people are buying in the market you have a certain commodity so steel copper rare metals that come from typically emerging markets and emerging markets are still in the grip of of the coronavirus they're nowhere near as well insulated as the rest of the advanced you know the developed world has been in terms of vaccine rollouts and preparedness and implementation and their infrastructure is in this period so that's a really difficult picture on one hand they've got you know much greater demand for what they sell an emerging markets but see fewer people available to do it and then i guess in the last side you've got the domestic. aspect of countries thinking about north africa here even to some extent the gulf region where you know those economies are reliant on tourism or extractive. some back yet and so

their budgets have been blown through another thing you know how do we recover from that or do we issue more debt and we issue in debt ok as long as it's spent wisely and you're able to pay it back will doesn't look to be that that's going to always be the case so you do some point you're going to have some problems in terms of you know matching much need to the emerging markets definitely have the investment and the debt that they need to issue to achieve it and you see at the end paying for a guy a high tolerance reduce a investors are it's in a debt which has been accumulated during this crisis should poorer nations be worried about credit scores being downgraded definitely a problem for poor countries although weaker dollar at this point and again those countries that export commodities are slightly better positioned however i think at some point some sort of their debt relief definitely has to be on the table which is complicated given the structure of investors for poorer countries i.m.f.

world bank and g 20 are maybe slightly more open to it to relieve some of the debt but private investors let's say such as hedge funds or institutional investors on the pension side they have they do share a duty towards their own investors and i think that complicates a lot of those restructuring discussions robert let's talk vaccines one of the drawbacks to the recovery will be the distribution of vaccines that joe biden has offered to relax peyton laws do you think this is really going to help speed up the recovery you would hope so but again you know it comes down to that supply chain issue and a factoring distribution immunization and then repeat so it's. not just as simple as patton says it's a good step but it means that countries that don't presently have the contractor ability to manufacture and distribute the vaccines can. but at the same time you know is it going to solve everything no it's not so it's

a good step but again it's only going to be a temporary step you know you know going to see big ip changes across across the board so it's a nice and well being but. it will help but i don't think it's going to solve the providers now who do you think it's going to help because if you look at their one of the top 10 richest economies certainly known for their vaccines development distribution and production the reality on the grains as we've seen in these since is very very different indeed is it is a really interesting case obviously they've been producing much of the world's vaccine so it's our own exciting they're also the ones that now are having the biggest problem with the current of ours i mean if you look at the indian economy it's composition it's a deeply uneven society you've got huge wealth disparity got millions and millions of indians who are poor and you know they're just they live in a completely underdeveloped towns and cities that need you know basic

infrastructure investment. for their lives and that's part of part and parcel of the reason why coronavirus has been able to spread its not just about the idea as to the rules that the indian government created it's also about the ability of the indian infrastructure and health infrastructure to get people mustn't forget there's 1.10.2000000000 indian people so it's a huge country. it in that particular case i mean you would hope it would help india but i think that wider rolled out how is it going to help the congo how is it going to help. you know central african countries how is it going to help central american countries that is less clear and yet you know everyone has the coronavirus of the ability to carry it then we all have to be immunized from it that's going to take a very long time to achieve and. joe biden is clear to these peace and laws germany on the other hand is not in the early reaction

in germany was a sell off i do you explain this i mean i'm going to merkel has taken much stronger stance towards the ip protection and definitely is more open to communication and making sure that poorer countries have access to a vaccine but exactly like robert mentioned just releasing the ip is one part of it it's more difficult to procure actually the ingredients needed and then having the facility in order to produce so that the idea is great however i think the execution will prove to be much more difficult than we actually imagine at this stage let's take a broader if you know robert there has been a rapid bounce back in many parts of the world but we are a long way from recovering all the jobs that have been lost so what in your view needs to happen but the moms supply aspect the global economy is is really interesting some people have lost their jobs and can't find other ones you

some people don't really welcome asset price inflation question in stock markets in commodities and property it's a very uneven distribution of wealth. and that country levels that's regionally it's in the e.u. in america seem to be pretty universal you know for many people around the world or most of the world they derive their money from what they earn not from the assets that they own so i think it comes down to paying people more skilling them. grow crew actually improving businesses and helping them grow as well which can't just be about loans you know has to be more than that has to be demand led. you can't just keep growing economies on debt because eventually you've got to pay off all right off and it's interesting seeing people now afraid of inflation stock markets being sold off because of inflation erosion in the last 10 years all we wanted is inflation and all we've got is deflection so we need to move ration we

need that demand and we need it to be more even it can't just occur in asset bubbles can't just happen in property stock markets and commodities it needs to be brought them ok final question to you is the european union in your view lagging behind the united states in this recovery and do you think they can get this massive 750000000000 euro plan signed off it's funny to hear a number referring to 700000000000 nowadays as huge because looking at us we see trillions worth of stimulus coming out and the markets still think we need more so but coming back to the question definitely behind in terms of the fiscal stimulus we need all members of member states to ratify the recovery fund and i think from there it has to be extremely aggressive implementation and i like the sort of tears that the e.u. owns the focus on from green energy perspective but also digitalisation of the

economies but i think it's a long way to go and it's very hard to achieve if europe remains as a fraction as we are at this point ok we'll have to leave it there are lots of food for thought thanks to both if you can be a part of the head of investment research at f.x. primus and robert deniro director of black square international thank you. antek the dirty dozen less than 48 hours to kill off their european super league after a backlash from supporters the dash for cash by some of europe's biggest clubs had little to say with saving the beautiful game is younger viewers switch off and more to do with the billionaire owners locking in perpetual revenue streams europe's top 2 n.c. revenue generating clubs made a combined $8200000000.00 euros that's close to $10000000000.00 in the

20192020 season and that's down from $9300000000.00 euros in the year before the pandemic is true the pandemic has hit squads hards the english premier league has lost $600000000.00 in revenue but that didn't stop them from spending $900000000.00 in recruiting players cheer in the summer even before the pandemic clubs were in trouble as wages were sucking up more and more all fair income half of the premier league teams spent more than 70 percent of their income on wages take manchester city this year's premier league winners there and $478400000.00 pounds and paid wages or 351000000 paints that's about 73 percent of it saying income so should you be surprised that the cob made a loss of 125100000 pounds well joining us by skype from

coventry is simon chance weeks director of the center for the eurasian sport industry at the e.m.c. on business school gets our view where there's on the program simon for will seek it out huge sums of money from broadcast rights and the more slowly been going into player wages at the expense of profitability so if you think it's night. time for a salary cap financially and one might even say morally there has to be an argument for for salary capping if we look at some of the world's highest paid players we are talking about hundreds of thousands of pounds worth of salary per week let alone per month a year and so there is a compelling set of arguments that point to the need for a cap but there are really 2 things that i would point out the the 1st thing is we were talking about a group of people who have a very distinct skill sets. not unlike surgeons are engineers there are very

few extremely talented players in the world and so under normal free market laws that's what happens is when a they have reskill so people generally have to pay more to acquire those skills i think the 2nd thing too is in legal terms across the world there are different picture so for instance in the european union it would be very very hard to impose a salary cap for legal reasons because the common argument would be in a court of law in europe is you don't sell your salary cap chief executives you don't sell a salary cap doctors so why are you discriminating in salary capping players and so whilst many people will be calling out for a salary salary cap across the world in reality it's actually logistically legally in practically very difficult to implement one of the reasons given for the european super league was audiences especially generations a. apparently were very interested in watching football what do you say to that for

people like me who some people might label as hardcore fans we were born with a club and we will die with a club and there are a lot of people like me not just of my age but of their ages too but what we're beginning to see is a new generation of consumer and a new generation of sport fun emerge and these are people. all who have never known life without the internet they're increasingly consuming content on demand and so the nature of their funding is changing one of the things that we found from from our research is is that whereas historically people would identify with with football teams nowadays generations eighties for instance identifying more with players and so when a player moves club they also will move club and follow the player rather than stay with the team and if we keep in mind too that generation's ed isn't the end of this in many ways it's just the start we have generation alpha and generation alpha you

know these are these these young people are 7 or 8 year years old right now they're watching on demand on tablets they're playing nice sports and so the kind of traditional associations that people like me might have with football you know 7 year olds and 17 year olds right now don't necessarily have the same predisposition towards not just football in general book but the kind of clubs or historically fans would associate with so if the solutions of this problem is a european super league war days the solution then to capture generations and generation alpha is it more streaming the interesting thing is it's i think all of us need to realize that we're living in the middle of a revolution we're living in the middle of a digital revolution we're also living in the middle of a really what you call a global revolution so you know those kind of old industrial heartland of european football that many of us were born and brought up in which dates back to

the 1900 century in the industrial revolution in many ways this is a role for we're living in new era where yes more content are being made available digitally in really flexible ways is one part of it i think linked to it there are developments in over the top broadcasting but there are also developments seen in for example or pointed reality. and it's very very likely that at some stage over the next 5 to 10 years you know we may well be watching sports and football using some kind of headsets the texas deep inside the stadium when a game is taking place so we're very much living in a in a state of flux technologically and digitally but i think at the same time we also need to understand that people's lifestyles are changing as we've seen throughout the pandemic with the with the growth of for example netflix the way in which people consume. audiovisual content is very different now even to just

a year or 2 years ago when we wanted to be flexible we wanted to be on demand and so all of the old certainties all of the old realities that many of us. and understand and engaged in football in the 1st place they're very rapidly eroding and so we have to get used to the fact that moving forward from this point new generations of consumers will be looking for a very different things and so the kind of products that we're used to seeing in sports and in football will have to change in order to survive indeed chadrick we're out of time but it's great to get you on the program thank you so much and joining us on cans in the costs thank you now chilly exports the lion's share of the world's al gets it's found in the cell walls of brain seaweeds and is widely used in everyday products including cosmetics the alga grows in underwater forests chile's long coastline but as the sea in human reports from peter cook it's now in

danger due to a growing black markets in illegal harvesting. added lance it's obvious the planet earth is more water than land. but instead our 1st looks like there's nothing but underneath there is extraordinary biodiversity one trunk of our can sustain move than 400 species there are snails see a chance and then many it's where life begins. these are map grow algae forests as indispensable for our survival as those that grow above ground through photosynthesis they absorb just as much c o 2 gas and together with fido plankton and sea grass they produce nearly half of our planet's oxygen are there also like nurseries for small fish to find shelter from predators. along 2000 kilometers of chile's pacific coast these forests can

grow 40 metres high and live for up to 25 years but they are in danger i thought marcus on the road access there are areas especially in the north where the alkies being extracted indiscriminately. killing other muslims almost every day might be a compass walks on to the edge of these rocks to catch needle as it's called in chile it's hard work but it's escalating price has allowed her to send her 3 children to university. these widows are are drying out here so that they can then be taken off to be sold and why is this algae in such high commercial demand because they are the source of alginate you probably have never heard of it but believe me you have consumed it this is making your car's dashboard since the most expensive type this variety for making green. and this one called the

black widow is used in making the plastics that we use practically every day. it's also used widely in the cosmetic industry from here it's taken to a processing plant to be chopped and shipped primarily to china and japan chile produces 40 percent of the world's alginate but much of it is harvested illegally and media companies says she only takes what the ocean throws out in the thick of it all this is what we call the head of the tree the ocean to root out to shore because it was no longer needed this isn't the same clear oh that the boat extracts the fishermen dive cut it off from the head and kill it. licensed fishermen are allowed to rip out the algae a technique that was illegal until 1800. last year 500 tons were exported half of it harvested without authorization in a thriving black market. chile's long coastline makes it difficult to police but

there are other ways to help turn the tide like a system for example sitting or regrowth. tourist on the bottom of the wood box. or. it requires an investment yes but employing science to counter the depletion of natural species has already become a necessity so that as darwin once said we don't all perish you see in human al-jazeera peachey coolie. and that is our show for this week but there's more for you online at al-jazeera dot com slash c.t.c. and thank you straight to our page which has entire episodes for you to catch up on . but i say for this edition of can see the cost i'm how markets in the whole team thanks for joining us the news on al-jazeera is next.

cultivating food is the foundation of human civilization but food today is a global commodity if the industry did not make money how many people would be on work and how it's cultivated a contentious debate public interest in the public safety is definitely not taking precedent and in-depth examination into agribusiness and the conflicting interests at play industry doesn't want any regulation interest would put their products on the market the price of progress on al-jazeera the it's one of the most recognised sites around the world famed for its support from far and wide but for the families back home it's more than just a football club and he wants his policy should be left out of. politics and. the passion and the politics of liverpool f.c. the defiant giant. part of the fans who make football series on al-jazeera.

al-jazeera where every. israel launches its most intensive as strikes on gaza more than $150.00 raids in the early hours of sunday. but there's one ray of hope as a small child is pulled alive from the rubble of a garza building that was destroyed. many watching al-jazeera life my headquarters here in doha coming up in the next 30 minutes.