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tv   [untitled]    August 19, 2021 9:00am-9:31am AST

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i have a very basic question. is there a 1000000 lost at home because the us who held responsible i will be fabulously wealthy and i will not take any price for it. thank you, lloyd. the man who still worked on al jazeera. ah me. this is algebra, i'm terry navigator. with a check on your world headlines of gone, austin's former president. johnny has spoken from the united arab emirates in his 1st appearance and seeing capital. he defended his decision to leave and denied rumors. he fled with suitcases full of cash, much getting the document deduction and they should include. if i stayed, i would have witness bloodshed and couple, couple should not be turned into another yemen or syria over power struggles. so i forced to leave i left with just
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a waste coat and some clothes. the personality assassination against me has been ongoing, saying i have taken money with me. the accusations are faithless lies, but you can even ass customs officials, they are based. back in august on taliban fighters have opened fire on crowds of professors. the 3 people are believed to have been killed at a demonstration in july. the bad people were marching in the streets chanting and the afghan flag rub. mcbride has more from campbell on those protests across the country. i think it's being seen is really since the taliban just assume power a couple of days ago as the 1st major active defined against them as july the by there's a very important city. it is east of here towards the border with pakistan. and this protest began over the national flag. now since the taliban have taken power, they have very consciously been removing the afghan national flag and replacing it
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with the taliban flag. we've seen that a lot here in the capital cobble. it's left a lot of people. i very upset, but people are by and large put up with especially here in cobble. well, it seems that july, the bad people have not put up with that. they've had, has been a protest. people kicked back and pushed back against this several 100 people took to the streets proudly waving the afghan flag. they marched on a square apparently and put the flag back up after he's been removed by the taliban . this resulted in a clash with the taliban themselves. initially we understand taliban fighters began firing in the air trying to disperse the protesters, then it seemed the firing was more directive to the crowd resulting in death and injury. so it is a very serious incident. there was another protest over the same issue, the, the removal of the national flag in the province of costs, that it again involves several $100.00 people. so it is the motive issue here,
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and it does come at, it says time. this is the eve of afghanistan's independence day when we might expected that well, feelings are running high and there is a possibility of more protests than the possibility of more classes. at least 47 people in brick in a foster had been killed in an attack on a convoy that happened near the town of arbin. civilian john security forces are among those killed. the government has its troops killed at least 50 fighters during caution. the damage to rural haiti following saturdays magnitude, 7.2, worth great, is becoming clearer. entire communities have been raised in rural areas near the centre. 2189 people are known to have died. rescue efforts have been hampered by bad weather. the u. s. president says he disagrees with the world health organizations warning against giving to run a virus booster shots. joe biden says his government is capable of looking after
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its own citizens and helping the world at the same time. the white house unveiled plans to offer booster jobs from mid september. new zealand has reported 11 new cases of cove in 1900, taking its total to $21.00. a 3 day lockdown was imposed when the 1st case was announced before this week. new zealand had seen no local infections for almost 6 months. all the new cases or the delta variance and have been linked to an outbreak in australia. tens of thousands of protests have rallied in argentina to demand work for the unemployed on better living conditions. crowds brought traffic to a standstill in central gone us. i raised organizer say more than 70000 people took part across a 100 locations. they want to pressure the government to do more and tackling rising poverty. countries struggling with an economic downturn. those are the headlines and growing pains is up next on al jazeera. the
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news. ready me. ready if you grow something positive, it's great watching our kids grow up or seeing a tree drove it, we are always aware and all grows must come to an end. there's no limit. nature knows no such thing as infinite growth is room seems to apply to every kind of growth but one economy grows. some are supposed to continue indefinitely, we believe them and now there are no limits. ready to growth and human progress, when men and women are free to follow their dreams, and we were right. if that growth fail to materialize,
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we panic. but why? has one person recognized that 50 years ago? growth is the fundamental principle of economic system. capitalism only works when the economy grows, but call marks, recognize something else as well. it is, this grows that it will eventually destroy the system itself. and to day, after we reach that point, it's a system about to collapse or might infinite growth actually be possible. that governments don't want us to even question the g word. they don't even want to put a discussion around grace. if you were looking at this from the outside, it an alien arriving from outer space and you're looking at this society, you would really wonder what was going on. what are they doing? what, what is this growth that has to appear in every political sentence and is the basis of every economic textbook? what is it all about?
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is it, is it a religion that they have in the gods? chasing is the virus that taken over them. and what is the visceral fear that emerges as soon as grown up to go away? i use so soft on a vaxatone can this guy gave it a different dimension. the vertical mother didn't talk back to me in the,
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in the both of us back than stalled to still just them and spine. and i similes, i is the, are you still tough luck for me? and what do you think luxury politic, fussy, mutual, no exhausted by the women and, and because of foot mediums the politic shamikan can once later the tuesday, very long. but as long as many of these blending and give the producer hub, vip is buxton, him a. how did us for english when of in the, by the district of me, where does this unshakeable believe in economic growth culture as it always been there? is it really part of human nature? all the
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imaginative use of mass production methods that us industry was able to perform its war time miracles to build more planes that all the united nations put together to turn out ships at the rate of $200.00 a month ships which carried overseas. the army, myself, the united states, to decide the outcome of the war. the success story of economic growth began during world war to mass production of tanks and aircraft. let the american economy of crisis, the output of military equipment, was now calculated by a new statistical measure, the gross domestic product, or g d p. if production and i e g d p grew since o d prosperity, americans believe so fell me in this new formula. they compelled the allies to bring the candidates policies aligned with it. from then it wasn't people's incomes that colleges, it was only gross, and it turned out to be such a useful measure actually for the war effort and for understanding the war effort.
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the afterwards, it became the single most important policy number across the world. it kind of symbolizes progress to sort of fairs while things are getting bigger so they must be getting better. that was the birth of the g, d, p. in the 3 decade after the war, the width and economy grew up to 8 percent annually. in the us, they called the golden age of capitalism. in france, they were the 30 glory of years in germany with the economists, america. an entire generation enjoyed material prosperity and full empire. and it came engraved in the collective cars. even though these high growth rates are only made possible by massive water destruction, to believe in growth with now and stuff of the ttp became the most important benchmark in history. the
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and the economy, the grace of the economy was doing a good job for us when, when we were young, if you like, when, as an economy as a society we were young. and one of the really important things to say is that there are some societies where that is still necessary, where you still need that growth, where you still need food, clothing, and shelter with a very, very poor undernourished people living on less than the price of a skinny laugh a from the cafe downstairs. and that say that's a situation where growth makes some sense. but the idea that as human beings or we won't ever is more, more stuff doesn't really stack up. so after a certain point, you have to ask yourself, how much is enough, how much, how much more do i need to grade the economy to satisfy human appetite? i 19 seventies. so growth rate, think for the 1st time due to the oil crisis and other factors. the boomers over
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the market saturated western economy, stagnated. 1000000, suddenly found themselves unemployed. it was uncharted territory. for the 1st time, the limits of girls became visible. he could mclean socially and ecological we do have some understanding about growth in 1972. a group of scholars commissioned by the club of rome, presented a report in washington, entitled the limits to grossly using a computer simulation research that mit had calculated for the 1st time. what continues economic growth would do to the plant. 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 that economic growth could also have negative consequences and at the planet. natural limits which can be reached to growth. we've witnessed the success story of growth was in crisis. we've reached levels of
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prosperity, which carried the seeds of disruption, and necessitate a complete re look at the whole world social political. another situation picks up from a point source, 30000000 copies and became a global sensation. and yes, doing this cars themselves came under attack. their calculations ready cried as irresponsible fear mongering because it's impossible to admit the unacceptable success story of growth must continue. ah, unfortunately, many of the scholars predictions turned out to be right. and in many cases, reality even surpassed the belief predictions. o. s recovery room reports was causing an international uproar. the brazilian reign 1st in the amazon basin,
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were still nearly untouched. the huge brazilian state of much grosso, largely populated by indigenous people consisted of forest and 7. today. not much of that is left. since the mid eighties, progress aided by national investors has been eating away at the rate 1st. 35 football, she has a forest disappear every minute. it's been the same story over and over again. lumberjacks moving for then calibrate us. and finally, the sort of the barriers on this one at one points containing is mutual asset. went on his own getting with this young approach coming in that way up there at the school here, but we're eating. good god in the fall unless you don't flee barrett this side of my african
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e e. was it dan to the fuzzy in but keeping the venture doesn't seem sense there. has there been ad did s s i is the g of has been slight blue than the meal you meant them to move a must store numbers. and last one is here to pick up my son, i'll do it, and i was mark cash in the japanese say via a got bossa brooke, who had our daughter destiny. louis, he has a beneficial the, the settlement. he cut up a little busy mice. the tropical climate delivered 3 to 400 a year and with a massive profits, sorry, and corn for export and animal feed, the highway 163, the gateway to the amazon base. it was lumberjacks, money, and destruction into the forest. today,
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countess trucks lined agribusiness highway transporting their valuable cargo to their national park. they passed an endless sea of tobin fields. enormous silos and slaughter houses to one of the largest room regions in the world. growth rate of up to 20 percent big business and the 70 these region. it was just pop, lived by indians. it's just amazing for 34 year just off colonization. and it's the most important region in agribusiness of the country, the right place to make new investment, to make money capital, a good part exported to russia, china,
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in another country. any limit? no limits. probably the sky hasn't the limits. ah me, ah, in response to the crisis of the seventy's economic policy underwent a change, of course, new growth had to be thought no matter what the cause. even if that meant leasing the premise for finance capital aah had been contained after world war 2 because they were responsible for the great depression and was self monitoring with a new magic word and ministers. and with the idea that if you put more money into
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the economy, liquidity, it was called that additional money in the economy would help really vestment that would help give us more production that would allow us to consume more goods and we would get growth back again. so this little high us, if you like in the seventy's, primarily caused by the oil crisis, lead to a, a transformation in the economics over about the sciences. and in particular, how we think about grace and how we think about stimulate the government, deregulated financial mark, bang insurance companies, and invest the sense, gains and influence. and we're now allowed to gamble with currencies. so you must, people's retirement capital was let loose, and the financial sector was flooded with my i
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was a peck with the devil. and the beginning of the flow process of empowerment in exchange for goes, governments relinquished their power to financial markets. but who do we mean by financial markets and capital? and what does it all have to do with us to go to extend lunches? i believe the elliana group is your biggest influence conglomerate. and one of the biggest players and the global financial markets. it's been fun partly for 600000000 oil different than 400000000 for the leading song and a 100000000 for the sofa. see home in the lim, cecilia, hong league via the outers for saw get once or quin yang felicity and see con my country to so 1st in the us via so much of your own and sean base, you pick your own infection. actually wolfington, c parties, nucleotide and,
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and the some bucks to him to potter 2 pm, to buy spirit actin investments. oppo invested to one in it will be leon. an informational to investment autobahn and truly how could the to be some of us disclosed in, in china therefore, also in asia overall some kind of one of the growth and develop markets in europe. and us also know new quote, drivers to be seen with a couldn't never knocked way for a coffee, potentially if you're percent asian mr. via in. so going on to invest p that should invest in to act in, in will be in the ha, i'd be in the tokens to be in, you know, upon leaving me in trend and, and, and league, and his facts to me in decent and, and nuclear,
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to documented and evaded in the chapter, his team or the fax to mr. moore, please. if to stamp it though it, it looks, it looks like between the invoice, an invoice and 9 as a misdemeanor innovate when it comes to posting. thank sandy. septic arctic anointed yaga will receive a leak. mattered opposite back to a catalog is for cast. bice, go to see the man. i enjoyed this for cost on the money of millions of insured individuals ascend on its way to multiply. when andrea's group, his team has a rough idea to which countries and sectors the billions should 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
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their capital to be returned. they want their money back, and they want a return on then kevin and growth. there is the return in worldwide income. manage is 1.2 trillion years of assets. and in germany we're managing for 10900000000000 years of assets. the financial markets. they have a social role in distributing people's savings towards investment. and their investment is usually a form of. so when you, you take out a loan, for example, to buy a house that learned could end up in a bond, and we could end up buying that bond. so growth is important so that individuals and companies who borrow money in the capital markets can actually pay those lines back. let's pre, when you turn 22, when you imagine
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a world with the euro growth, that's a world in, in which pretty much everything gets frozen. if you haven't got a job in this new world with no growth, bad luck. you're going to have to wait for somebody to retire before. maybe you get their job and society with that growth probably won't work at all. not for long. it will degenerate into 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 than vine? faith in growth that leads us to chaos. oh, in the eighty's there weren't a finance operating from the city of london and was treat increased its influence
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on governments and societies and became the driving force of capitalism to day financial markets. not governance, determine their well being of entire countries. how did it come to this? how could financial markets gain such influence over our own life? one person who knows the financial world better than almost any one you had called . for nearly 30 years he was a successful manager on wall street and in the city of london. no one ever trans pupil was scientist and had been offered 20000 pounds to go in stone wall street in 1980. and that was what was the beginning of it. oh, and we went into the new era of reagan fetch and liberal trade. the so called big bang in the city was all about financial deregulation. let's go let the market
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decide and let's hire people. and let's see what happens. yes. as opposed this really kind of control that the say which we've had before. and it was that, that we walked into where money now talks. now money wins. and you need people smart people to trade the markets and make finance the power house behind capitalism, which is supposed to be on the plan seem to work market booth growth no longer needed to be fine and think, raising wages and tech revenue. now it was all about credit government and individuals with take out loans from banks and investors, so that they could be good consumers and thus generate the credit counts overdraft facilities. lending the houses becomes widely
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available and it's at that point that explodes that now it's not just the very wealthy of access to all these things. contin risen is now people low down income scales as well. and if you look at money supply in the, in the 5 credits in the early eighty's, it just explodes, ah, has been access to consumers and promotion to consumers close debt, which is created the growth and created the way we on today. ah, the cold logic of the market over producing winners and live with one of the people who knew best, how to profit from this new logic was done a job. i really think i have an instinct, but i don't think it's the instinct shark. i think it's the instinct of maybe
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getting what i want or knowing how to get what i want. only a few recognize the profit opportunities in this new era. as well as dollar chunk. he made large scale purchases of their like new york apartment blocks and promised to install their introductory hotels and apartment. he received financing from banks high on the market boom and to the largest tax break in new york city history . trump himself paid practically. nothing will happen is an incredible place where you build a huge building and 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, one of the hottest buildings anyone's ever seen is just selling like, like hot cakes. manhattan itself is becoming a place of the rich period. ah, the genie was out of the bottle. the brave new world of
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financial capitalism could no longer be constrained and great efforts were made to set it as a controllable and secure system. the whole industry is base rent kind of the illusion and the illusion of certainty. there is a vested interest if you like inside of the system as it is to project knowledge and extra knowledge. but they really don't have any more knowledge than you to i i use or job. yes, putting you in a kid in a coma, hutch or the yeah, that might be, you know,
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living in a rich and diverse culture explored through its music and songs of the city and al jazeera trust is fundamental to all our relationships. we trust banks without money, doctors, without really personal information. what happens to truck in a world driven by algorithms as more and more decisions are made for us by these complex people? because the question that comes back is inevitable. can we trust algorithm in the 1st of a 5 part series alley, re questions the neutrality of digital deductions? trust me, i'm an algorithm on a jessina. london is one of the most important cities in the world and decisions made here have an impact right around the globe. and so here at al jazeera, we will show you the true impact of those decision on people and how it affects their everyday life. we are free to put them on air and to really engage because we
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know that our audience is interested not just the news, but also the more hidden stories from parts of the world that often go under reported. mm. this is alters iran daddy navigator with a check on your world headlines. speaking from the united arab emirates, i've gone on a former president from gunny has defended his decision to leave couples. he says he left to avoid violence and denies rumors that he fled with suitcases full of cash. the reports taliban fighters have opened fire on protesters in the eastern. i've gone to the general about 3 people are said to have been killed and several others wounded. robert.

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