isn't, and that's all what can i do now? to be here and to talk and say the names like 600 page. he's the owner of for the gallery where i worked for 10 years and he's the reason already for one year. this is the future, and location is actually in prison. screams of the silence have become a little less silent by expressing their feeling to art steadfast and al jazeera in the hate. ah, this is al jazeera, these huge helps choice. the taliban says it sees a 2nd provincial capital and i've got his don, it's fighting escalades across the country. it comes just a day off the group. over around the city of the ranch, the government is sending reinforcements to retake control show began doing that, but the enemies of f canister cannot arise. the history of its gone is done and

they can not take our owners away from us. and clearly my promises that we will find the killers and god willing, we will punish them. every one should know that we are standing in our place like a mountain. their waists will be broken because they have no message other than evil. they fill coffins with young people and send them like savages. this is not humanity. we stand for the humanity, life and dignity of afghanistan, and this is our volition. as paula need to have fun drama has warned, the lebanese grape will retaliate against any future israeli strikes. if all is an exchange of rocket fire between has vala and the israeli army days asked strikes with a fuss, targeting lebanese villages since 2006, 3 launch wildfires are burning across greece, threatening several towns and cities. locals on the 2nd largest island of eva, have been joining 5 vices to battle the flames. hundreds of others have been evacuated by boat. one of the nigerian school girls kidnapped by norm group 7 years

ago has been reunited with her family off to being freed. last week, she was among more than 200 students, abducted by bulk of her arm from a school in the north town to bulk in 2014 columbia officials, allowing stranded migrants to leave the count coastal town of nicole clee. around 10000 people have been stuck there for weeks, waiting for boats to take them to the border with panama. and the closing ceremony of the take care limping will take place in the next few hours. the games have been among the most controversial and subdued in modern history. okay. headlines coming up next, counting. nicole, stay with us. oh, we understand the differences, minorities of conscious across the world. are you taking out era or bringing the news and current affairs entity, ah,

era news of their mccloud. this is counting the cost on al jazeera. you look at the world of business and economics this week. the lopsided economic recovery and the vaccine inequality between rich and poor nations widens, but it's old wounds that are being opened up by the pandemic. can the i m. s. news, $650000000000.00 fund, bridge the gap. also this week pages, regulatory assault and private companies, white's one trillion dollars off the value of chinese stock. what's behind beijing stance? could be followed by other countries who's how the biggest shipping port in the western hemisphere cannot cope with the trillion us stimulus.

ah, so from trinity a to south africa, the pandemic has reopened or exposed existing economic and political challenges. failures to tackle unemployment, the accumulation of debts, rising inequalities relating to social unrest with no end to the health crisis inside. as a 3rd wave takes a grip across africa, the international monetary fund has warned. the gap between rich and poor nations is widening. while the i m f, increased its full cost for advanced economies growth this year, the washington base institute cottage grateful cost for emerging and developing economies. the i m. f is blaming the unequal deploy to vaccines are holding back growth. about 40 percent of the population in advanced economies had been fully vaccinated. while that figure is just 11 percent or less in emerging markets and low income developing economies. a repeated cool to rich nation to contribute $50000000000.00 to provide vaccines for developing nations to bring an end to the

pandemic. possibly by the end of next year, it's approved the $650000000000.00 fund to help countries through the crisis. about $21000000000.00 will go to low income countries, and $212000000000.00 will go to other emerging markets and developing countries without counting china. all that money would come in handy for south africa, which is counting the cost of unrest that killed more than $300.00 people. following the jailing of former president, jacob's zoom in south africa has limited room to maneuver after a decade of bailing out failing state. and companies and corruption, there has been a smith takes a look at the aftermath of the unrest leak um re surveys, what's left of his parade of shop in bulwark next door. we have got a group of doctors that at the spent quarter of a 1000000 setting up a nice practice. in the 48 hours every shop in this bustling town was stripped

than torched. a community of 35000 people now left with no commercial center. scaring the looting with spock by the jailing of former president jacob's humor, it was given momentum by chronic poverty and inequality in south africa. made worse by the pandemic, were a couple of hours dr. outside derb and, and it's only when you leave the city, you get a real idea of the scale of the looting because not a town or village seems to been left untouched. outside the furniture store, people cute for taxes to help him carry home the bulky beds and sofas they stolen. the local police. overwhelmed, stood by and watched. it took a week for the south african government to restore order. hearing jacob zoom his home province of course ill and how and how ting with no shops and no post office to withdraw allowances and with distribution centers also hit by looting. people will likely go hungry. it'll take weeks at best for this town to be able to offer

even basic services again. when a party to end it almost 30 years ago. millions of south africans like dorian and gamer, hope for a future of equality, opportunity, and prosperity for her. her children and her grandchildren, it hasn't turned out like the dorian story, is one of frustration and wasted potential. a story familiar to millions across this country. i was interested in going maybe university's way, but i put in a 40 because it's too much. i could, i couldn't afford it, but i was so interested in being something having some profession. but i can. the world bank says that south africa is now the most unequal society in the world . the top 10 percent earnest take home 65 percent of the income and white people

still more likely to find work and better paid work than that black counterparts. doreen would at least like her grandchildren to have a fair chance that growing up in a country where half the population lives below the poverty line. right, let's get some an analysis now from a b b. i'm going to last. see, he's a director of the african department at the international monetary fund and joined us from washington dc via skype. hello there, mr. selassie. hi, how are you? i will this unrest that we're seeing around the world is not just about the pandemic. it's all about longstanding economic and social issues. it's a $1000000.00 question, but what needs to be done? well, you know, at the moment in sub saharan africa in particular, the key challenge tracing their countries is the pandemic. of course, that comic troubles but countries are having released them from the pandemic. and as managing that extra study, you know, give a, has been saying, we've seen

a dangerous divergence between the path, both of the pandemic, but also economic performance in the richer and poor countries around the world. some south africa, notably as well behind in the vaccination progress. so that is really the key worry that we have. and of course, without the vaccination, without vaccines, shots of the arms, without getting the pandemic under control, trees difficult to, to build and look forward to stronger economic performance. which kind of help address some of the social and political tension that we've seen. and you have suggested that rich nations contribute to this 50000000000 dollar vaccination fund to assist with this program of vaccination port nations, people in port nations. how's that guy? one of the things that we've been doing quite a bit in recent month is really to lay out the scale of the problem without understanding the problem, how it's impacting various countries. it's difficult to find a solution. so we've laid out what the scale of the problem is,

why it's important to vaccinate people, making economic case, the social case, the moral case. and then also, you know, the country specific level. we've developed a dashboard where we are showing the kind of what each country needs to do to these objectives that reset off 40 percent by the end of the year and 60 percent by the middle of next year. we're doing this, of course, in conjunction with the partners that are really much more important voices when they say our w, h o bank, the retail and you know, we're collaborating greatly. and financing, of course, is a very important part of how we can get to these objectives in recent years. it has been some real progress, hasn't there, and in cutting poverty and inequality in africa. but what kind of damage has the pandemic done to that progress? advance, it's really awful. so you know,

the public key rates and sub saharan africa and ninety's was high of 65 percent and reflecting strong economic reforms good growth over the last couple of decades. they had their whatever declining trend, so declining to about 40 percent africa by a few years ago. unfortunately, with the span demik, we're seeing a reverse held him back to project 3 just over the last year. well, bank estimates that as many as 30000000 people have fallen into poverty. so this exactly is why you know, the situation really have been pulling out the stops to support the region like never before. last year we went to the region. we provide a financing off the order of 13 times what we would, you know, in a normal yes. and this year. of course, we're also hoping to do water where pressingly engaged been longer term programs,

but also just the, the suite called executive board approved the injection of the largest. if the, our allocation ever to $650000000.00 of which about $24000000000.00 will be going to sub saharan africa countries. and that will be a very important financial shop in the arms for 4 countries. now the m f is suggesting that countries kind of spend their way out of the pandemic, but for developing nations that's just not possible. is it a lacy ahead? is a debt button. what is really important is if there is, of course, i death issues in the region. however, when you have an existential crisis like this, if you don't get, if you don't get that health situation under control, you don't put the pandemic behind you. you have more issues than just to death to deal with. so really is very important to, to tackle the short term crisis that countries are facing. and financing is not the

only solution, but it is part of the solution. of course that will be deeper reforms needed and in those cases and those countries where death is clearly unsustainable, depth restructurings will be important. so we need to move on all those fronts. but really, the existential nature of the threats country facing, i think, requires a different response than the fiscal prudence. but at a time like this, really what's called for as a tackling this crisis had on the south african president finally. so around phase has also more help with debts in the g. 20 did offer relief on debt repayment, but it's the private investors who, who have failed to contribute. what can the i'm f do to facilitate that? it's really very important when it comes to death, to recognize that that is quite a look of his region a, the country in terms of that that's pressures that they're facing in terms of the

solution to the challenges. so we do quite a lot of work, of course, with individual countries to identify where that is clearly unsustainable. and then those cases provide support which, you know, in the, in some cases it's the 3 profiling that's needed in other cases, deeper restructurings. so in a very country specific way we are working to identify what the optimal way of moving forward is. but again, you know, i want to stretch, that's the death situation in the region is really quite, quite diverse. you have a lot of countries that have, are facing for compression office and quite a lot of challenges, but are able to continue financing themselves through the market or relying on either sources of financing. but you have also have some countries where the depth situation is really quite difficult and you don't want those countries to to be paying debt, particularly at a time like this. get ok. so getting relief for them would be important.

so really as country specific and we're working in a country specific way with our thought a piece and maybe selassie from the m f. thank you. thank you so much. the now what's important, unbridled to rampant corporate grateful social cohesion. well, it appears that china's shooting pain has made a call. a call that's taken us swipe, but some of the country's biggest companies, those are wiped out about a trillion dollars of chinese shares listed on the mainland in hong kong. and in the u. s. over the past week, it all started with a humbling of chain as riches man, that's jack mall. offrey challenge regulates re concerns about the stock market listing of his and the group. the central bank wasn't keen on tech. john's encroaching on the banking sector without proper regulatory scrutiny and protections for consumers. the property tax year was next. as soaring prices and cities had price taught. residents in the young aging is threatened to build more

social housing and tighten the financing of developers. well, president, she has said housing is for living in and not for speculation. the sector has been regularly used as a tool to stimulate the economy. and then there was more pain for the tech sector after ride hailing at dd floated in. new york regulators weren't happy with its data security practices. next, the $100000000000.00 online education sector was brought to hill beijing said it didn't want hard press parents pay more money for after school lessons. and this week, state media, his out at gaming companies call them spiritual opium for young children. there's plenty to pay care, and i'm delighted that we're joined by daniel ives from new york. daniel is the managing director of equity research, wed bush securities. welcome, daniel daniel. first out, so for 40 odd years, china's allow this be i read their own version if you like, of capitalism to florida. but now it's instituted this crackdown. why do you think that's happening? welcome. in the scale of scope of this crackdown,

it's something that's really caught investors by surprise me. you've seen it's black cloud over chinese tech stocks. you know, i think in terms of sort of them asserting control in terms of especially i'm big tack with bob g, d, d, d and others continuing to get larger and larger. i think there was a little sort of that this crackdown showing ultimately who's boss knew in terms of from beijing but, but in my opinion it's really ultimately been a debacle in terms of the way that the scale. busy and how quickly they come down, it's really come out of west field. and when it's done, it's put a major anger on the ship when it comes to chinese tax stocks. and that's why there's been a massive rotation out of the china tech sector. so what do you think behind this is, is it real altruism or is a more business like alternative?

no opposing the former. i think it's something where you're starting to see. i mean, similar what you see in the u. s. with sign names, google, apple, amazon. but but in china, if you look from ali baba to gd, to dd, to buy do just expanding more and more. and i think it started. when you look at the and financial i, p o we told me was, was really a soap opera situation. and as these big tech companies about more and more powerful, i think is really scared beijing, i think it's sure to happen pretty quickly. this will them assuring the more of an iron fist in a crackdown but, but the problem is the way they've gone about it. it told me as a $1.00, 0 $1.00, how not to do it because it's come out of left field 24 hours later. the rules change and investors ultimately. busy are, are holding the bag, right? i mean, the stocks are massively underperformed, and i think for these companies, the regulatory goal posed no one knows. when you wake up in the morning what's

going to be new, whether the gaming, tutoring, stocks or e commerce. and it's really turned into a har movie when it comes to the china tech sector. right. so it's taking everybody by surprise, but there's always winners. there's always loses, right? in terms of finding a winner here, i'm a radically the winner. it's by u. s. path. because if you're a global investor and i heared from investors in the u, as europe and asia, you're just seeing the massive rotation from chinese tech to us tech companies, even though still regulation. so if there's a net winter in the us tack, but, but in terms of, within china, i mean, this is really across sectors. you tell me which one was powerful companies in china, from a regulatory perspective that crackdowns hurt them. and now i think even though right now, investors are trying to figure out what's the next step to do. they ultimately scale this down or do they keep going down the path?

because in was really what caught us. china. cold tech war is some of the biggest arsenal are these chinese tech companies. and now the regulatory crackdown is, is really starting to clip the birds wings and you start to see that play out in the market. i expect more european us and other companies really to go out to some of the market share gain that you could see because of the regulatory crackdown and within china this attack on the education sector. it is incredibly competitive business. so it's a good thing that it's perhaps pad down, but when it work, i think the jury is still out because when i think right now the problem is that you still don't understand what the goal post are from a regulatory perspective. now there needed to be some raining in, but just like you said, i mean, i think it still needs to be played out over the next 6 to a month. there could be some share winners and some share losers. but what this is darla and you've seen it, i mean, it's really turn the sector upside down. and wow,

the companies themselves, don't know what the next step is, right. what about the property market? the president says, houses, if you're living in bed, but property has always been a core element of any economy isn't. yeah, i mean that's why it's, it's one of these things where if you've ever invested in china, that there's always been risk. and everyone is understood that but now the risks are really starting to percolate and really ultimately get to a point that to own any sector within china attack is almost too much risk for an individual institutional investor and in your scene at massive rotation. and i think right now, just more and more the comments coming to china are perplexing. i'd say head scratching for someone like myself that's fall there for 20 plus years on the on wall street. do you think this is the shooting ping aspiring to playing to the far

middle classes? why i think there's a little that you may be me and say a lot of specially what was happening? electric vehicles, you're seeing 100000. our cars from the us perspective. fly off like hockey, right? so you're starting to see much more of a class divide in terms of the high and i think this is a little more. busy trying to rain in for, for the middle class, but that kept already out of the back. right. in terms of what's happening in china . so it's a little too little to wait. and now that crackdowns coming with the wrong time. and then there's a lot of unintended consequences that are come in, i think even be genes realizing the earned him the consequences. but yet they continue to trip over their own shoes in terms of how i think be communicated. and what about the knock on affected around the world as, as washington and brussels look on and examine, reexamine, perhaps their efforts to curtail big tech. why they go regulatory within brussels,

within the beltway. i mean, there's rules and regulations. i mean, there's no play watching. so there's going to be continued scrutiny on big tact, but it all, to me happens more prudently. and i think that's why right now investors continue. so comfort with a regulatory framework, even though big tax can continue get rained. but when you look, even when it comes to fines in brussels, what we've seen play out in d. c, it's nothing compared to china. and i would argue the us now stars maybe even have a little more position of power the day and even have the year and a half ago because of the regulatory crackdown because we're starting to hurt some of the core assets within china. the baba's to buy due to gd. look at the d d i p o, that's another sort of black guy. and i think that's and that's going to continue to play out here in is a very well called rubik's cube political environment. interesting. daniel lives

from new york, thank you. thank you. ok, a surgeon consumer demand has created unprecedented backlogs, of goods arriving in ports in the united states and elsewhere. snarling global supply chains and ships and shipping containers are an extremely high demand and the price of shipping has just skyrocketed. effects could be felt from corporate boardrooms to kitchen tables. for reynolds is more now from los angeles. the, it's a container, ship traffic jam, the twin ports of los angeles and long beach. the biggest in the western hemisphere are packed with giant ships bringing a flood of consumer goods from asia in terms of the amount of cargo coming in. we have not seen anything like it. we've broken records here, month after month after month. that the port of los angeles ship traffic here is up 50 percent over 2019. and it's not just here in california all around the world

from rotterdam to singapore. a surgeon export is putting a major strain on global supply chains and it's network of ships and containers. it's crunch time really in the container terminals as they struggle to get imports out when the exports in the reason covert 19 for months us consumers who are under locked down cooped up at home with no where to go. so they went online and started buying stuff like crazy american. basically since the start of this pandemic, after a few months last summer, went on an unprecedented buying surge. and instead of going to the movies or using their discretionary income on travel or airline tickets, vacation, baseball games, americans started spending, the goods that we bring in from asia just ex, loaded the spending spree, was supercharged by trillions and

u. s. government payments. people are buying ports are busy economically, that seems like a good thing. but as with everything else in life, there is no such thing as a free lunch. the 3rd just lead importers and ex borders to compete with one another for scarce vessels and containers. driving up the price of shipping, prices are up 300 to 500 percent across the board. and who do you think will pay in the end? you've probably guessed it, it's really a significant increase in there's going to be a trickle down effect from this price increase into consumer prices. there might be scarcity of some goods during the 4th quarter of 2021 and the big december shopping season. and as for those pre holiday sales, instead of these major discounts that are often happening on black friday, that might be a little less just because the cost actually import and ship all these products

into a warehouse and get it in a consumer's hand, has differently increased snarled shipping effects, not only merchants and consumers, but growers, like steve reinhold just recently received some information that we could be looking to double the ocean break. reinhold exports millions of apples, but with ships no longer showing up on schedule, he's having trouble getting fruit on board. and even when he does well, i ad for a lot of apple arrive in europe on friday. normally at the 28 to a 30 day boat, right and worse, it was 64 days by then the apples were rotten. how long might this go on? it, it will take longer than most people expect to into fully unwind and get back to as i said, the next dollar. oh i spec patients is for this se above normal market could stick around for another 12 month, basically, pandemonium in the ports and in the supply chain. better get ready for higher

prices and scale your supplies. and that says, i'll show you for this week if you'd like to comment on anything. you see, you can tweak me, nick, clock, i'll jazz please use the hash tag a j c t c or just comes an email counting the cost at alpha 0 dot net is address. there's more for you on line of course algebra dot com slash cdc. that will take you straight to our page, which has entire states for you to catch up. that's it for this edition of counter because i'm a clock from the whole team. thanks for joining us. the news on al jazeera is next ah, joining the debate. you do not have vaccines reaching those who are mostly nice and amplify your voice in allowed a diverse community and how in array of different story know topic it off the table . it's such a tough ethical debate where there is obvious discrimination and systematic

discrimination of the play. people are thursdays for new, wasted. the stream where a global audience becomes a global community on al jazeera in the wake of the coronel race, right. how much can someone take before the class? the fight recognition is crucial. we needed corner heads to prevail, brothers and hot heads of fable. friends. it was said, the religion and the thing that was a community wants to be disrespect to al jazeera, explored the history and struggled of the lebanese community in australia. once upon a time in punch bowl on al jazeera, me welcome to from every one of us. even those working quietly behind the scenes so you can relax, enjoy a break in your journey. ah,

and when you leave with a smile, we know our day's work is done. the council railways, welcome to our home. ah, the taliban says it's taken a 2nd provincial capital within 24 hours. i've gotten government forces regroup to fight the advance. ah . on money side of this is al jazeera ly, from joe, coming up thousands of migrants from haiti and several african countries as stranded and running out of supplies in the columbia.