tv [untitled] October 26, 2021 8:30am-9:00am AST
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incest, to suffer from post traumatic stress disorder. the parent would moving to the us where camera works as a lawyer. they'd been done the harry and megan of japan. all the news, of course, on our website. there it is on your screen. the address on to 0 dot com. that's al jazeera dot com. ah. all right, so to have a quick check of the headlines here at al jazeera, the u. s. is suspending $700000000.00 an aid to sedan in response to the military coon, at least 7 protest as our reported have been killed. the military has dissolved the transitional, government, arrested ministers, and declared a state of emergency. we are evaluating the situation on the ground. we're watching very closely. we are communicating and coordinating very closely with our allies and with our partners around the world. so i don't want to get ahead of,
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of where we are. but suffice to say that we are willing to resort to any and all appropriate measures to hold accountable are those who are me be attempting to derail the will, the aspirations of the sudanese people and those who may be responsible for violence. southeast asian leaders are meeting virtually for their annual assay on summit. it's being hosted by brunei, leon mas ginger has refused to send a civilian representative after its military leader was excluded. recovery from the pandemic and disputes with china. a high on the agenda f. the humans wanting that half of afghanistan's population is facing starvation. the world food program says unprecedented and numbers are at risk. conflict. drought and an economic crisis are combining as winter approaches. the u. n's calling on the international community to immediately release suspended aid donations. embassies in turkey had put out statements reaffirming respect for their host. sovereignty follows
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a threat by president ur to one to expel ambassadors from 10 western countries. the envoys at call for the release of the jailed activists accused of being involved in a coup attempt in turkey. in 2016, australia's promising to reduce its greenhouse gas emissions by 35 percent by 2030 prime minister scott morrison is aiming from that 0 emissions by 2050. but he said the goal will not be put into law and that jobs will be protected. australia is one of the world's biggest emitters, per capita, and a major exporter of coal, oil and gas. the humans calling much more ambitious targets. it says the world is way off track to cap rising temperatures. greenhouse gas levels hit new records last year, despite a dip during covered 19 locked downs. well, those are the headlines. the news continues here now to 0. after counting the cost state you and thanks for watching feiffer facing longer hours and shorter deadlines, south korean delivery drivers are literally being worked to death. one 0,
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one east. explore the doc side of consumer convenience and south korea on al jazeera. ah, hello, i'm come out. santa maria, this is counting the calls your weekly look at the world of business and economics on al jazeera as week banking, billions from poor countries. a g 20 debt deal for low income nations to cope with the pandemic is written, fail to live up to expectations. and not only are rich countries benefiting private investors of refusing to take pause and a caching in also this week, a setback for the fight against forced and child labor. it's on the rise, and it's west and consumers and brands to blame, as factories and the manufacturing how to try to keep out with demands. and we'll take you to columbia notorious as the world's largest supplier of cocaine. and now
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we're designed to become the biggest exporter of medical marijuana. ah, you know, this pandemic was always going to hit poor countries hotter. i think we can safely say that. and when not just talking about infections and debts, it's everything else. it's businesses closing its economy, slowing, it's recoveries stoled. and so last year the g 20 launched an initiative to suspend debt repayment. just give a little breathing room. but according to debt campaign, as we've crunched the i m f and world bank data, the program has fallen well short of expectations. so let's do some number crunching of our own starting with the $46.00 low income countries, which applied to the scheme but still ended up paying out $36400000000.00. only $10300000000.00 in debt payments were actually suspended. so with the real debt relief, especially when the g 20 group of rich countries had promised the scheme,
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would lead to more than 20000000000 and savings. now interestingly, china, which has often been criticized for an unwillingness to offer debt relief, actually suspended the most debt. this is according to the jubilee debt campaign. in the world bank warner, this month, the pandemic had increased the debt burden of low income countries by 12 percent. it's up at $860000000000.00 in 2020. it seems one of the biggest problems of the whole g 20 plan was that private investors weren't compelled to take part. in fact, they took in $14900000000.00 themselves during the pandemic. it's all a bit familiar, isn't it? let's give you a specific example. now chad, the countries president was killed by rebels in april and has seen many is a conflict across its porous borders. now by the i m, f and world bank called out private investors and warned a and this is a quote, a crisis could further impoverish an already poor country, worse than healthcare and in danger, regional peace and security and quote. in this case,
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the private investor group is led by the anglo swiss commodities try to glen call together their own more than a $1000000000.00, which is a 3rd of chads public external debt under an oil for cash deal. now for its part glenn coin letter to the i m. f. obtained by this network says it has restructured loans collectively with other creditors in 2015. and again, quote, as a significant and stand alone gesture of goodwill in 2018 glen cove goes on to say it was engaging with chad in a constructive and good faith manner. following a request for talks from the country. well, i mentioned the jubilee debt campaign earlier, and tim jones is the head of policy days with us and scott from london to talk through more of as tim, thanks for your time. i just want to deal specifically with chad. first of all, a few quick questions on that. why is glank or dragging its feet on this particular issue is outrageous that they are tracking that the patients you need to cancel the death. they are
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a private company and they appear to be seeking to make as much money as they can. roslyn care about the interest of the people. is there anything that chad and or the g 20 can do to actually get these private investors to ease their dead? chad could just refuse to pay the pressure on blanco that way. the g 20 could politically financially support chad to the side and the g. 20 m u k and you. ready could change the law to make it easier with the 4th going call restructure that says that the right to a part of going call. ready into the lender and say, a a say governing like just legal system for most international death. a part of the g. 20 ski. and how did just as background for us chad get indebted to grand core in the 1st place. and i
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should point to other countries as well, this whole idea of the oil for cash games. yeah. so the loans in 20132014 from going call, which were effectively provide the money upfront in return for tad giving money out to the folio, refuse to go and call. and when the price of oil fell. and then that nice money that chances from the oil was going to call when it needed that money finance it's under a budget. so that grand call like this money. we don't know where it when the child has never been able to meet the payments. ready on that it's already been restructured twice the last time in 2018 we said it was thought. ready it was just meeting payments into the future and that we would end up in this situation again where there would be a need for another change in a certain time that that needs to properly properly the chief council down. so
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properly sustainable level. ok, so let's talk more widely about this whole g 20 debt relief scheme. this is incredibly cynical of me to us, but i think it's fair enough to us. and you were all surprised that this didn't pan out has advertised that the idea of the g 20 sweeping in the thing. right? we're going to cancel that. we're going to make this easier and it didn't happen. what do you know? i am surprised that the g 20 scheme has less lead to less than the quarter payments being suspended on that note that the structured when the g 20 started and april 2020, it was almost surprised that they did it, that they acted so quickly that the staff of the panoramic and so we did have great hope that it will do what it said it would be, which was test the spend all that, that payment to other government, to private lender and the other government that has and possibly largely happened. but know that payments have been suspended to private creditors. the g 20,
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you have left them off the hook, which is a massive hole in the sky light. and bailey and dollars is that still being paid during a time of crisis and has made money for those private lenders. they've effectively being bailed out because the suspension of payment to the government is allow private creditors to keep being paid at outrageous failure. $1520.00 that they haven't left up to what they said they would be in april 2020. did the i m f. special drawing right. not help. i actually, it's been very for, you know, that by our essentially money they don't hard currency, but it is supplementary money for, for a member state 650000000000 worth of those. did that not make a difference? yeah, well, that was much more recently. right. and the issue, and that has helped me since august 2021, which is a long way into the pandemic,
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almost 18 months. and so that is money that countries do now have to spend one of the problems. ready that the cost of the lack of action on that a lot of that money will just end up being spent on paying off private creditors. and so it will. ready end up being just another team to buy, allow private lenders and pay high interest rate to then rather than be spent in countries on expanding health coverage. ready in economies and helping the recovery and went a special drawing right, dependent on, on austerity and, and debt restructuring anyway. so well this is a big problem. now that we have the, i am at a. ready large is having countries that they have to implement. austerity and looking across the board. we're seeing big public spending coming in the next few years. just when we need public spending more than ever, to tackle the climate american see to meet the sustainable development goals and to
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recover from the pandemic and a debt restructuring cancellation. it's one of the ways that we can stop 30 countries had that council that would free up the money that they'd be able to expand public spending now south and cut back. just a quick wait on the thing is you out there in london. there was a situation i believe, where the u. k. i talked about issuing this type of these type of assets, these special drawing rights to low income countries, which sounds good. but hasn't. you also talked about counting aid in other areas to a lot of countries. i mean, is that just, you know, from re balancing the books and yeah, the k has cut and spending and all, but the bio met 3rd off and the panoramic began and it's going to cut it even further 3 massaging the figures over the next year. one of the ways it's saying. ready is that the dan is fine,
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the quality fine and all that conservation game on that. so that go back decade. the nice of that that to the u. k. a western countries is actually made up. it comes from charging interest rates of over 10 percent. so the last 5 years when they cancel out that they don't claim that that is somehow a money. and then they can claim that meets that target and aid of the k is just announced. it's planning to do that next year, which we'll talk another $800000000.00 a budget next year on top of $67000000000.00 says all that you'd be talking debt with us this week on counting the cost. we appreciate your time. thank you. thank you. the another feature i can say that the pandemic was the government. so low programs which allowed people basically to keep their jobs. and what many people in western
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economies have been lucky enough to do that. and now even give up, work for greener pastures. the same can't be said for many trapped unemployment in developing countries. just as the pandemic exposed cracks in health care services, it also exposed concerns in the global supply chain. a many manufacturing hubs have come in for greater scrutiny over forced labor, child labor and humanitarian crises from shanghai, china to trigger i in ethiopia. here the numbers more than $40000000.00 people are victims of forced labor across the world trapped and jobs which they were coerced. or deceived into. now this is interesting, a total of a $152000000.00 children. 64000000 girls and 88000000 boys are in child labor. globally accounting for almost $1.10 of all children worldwide. and according to the international labor organization, the economic crisis caused by the pandemic is expected to contribute to global unemployment of more than $200000000.00 people next year. with women and youth
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workers, the worst hit. 5 years of progress towards the eradication of working poverty has been undone because of this pandemic. and in our case study from india, school closures have forced yet more children into work. this report is from elizabeth parent, him in for us about it was a protest state. these are the youngest journalists in the city of fiddles, abad. they're working on the next edition of their unique magazine. bol vanny boucher kia vas or the voice of children is a magazine by and for young people about child labor and they've rights. and i mean being ma'am, you know, the stories that we write for the magazine are all related to children and inform readers about the reality of our town. when we share these stories with government officials, it helps them understand the difficulties that children faces. i, a 14 year old harmony has been contributing to the magazine for 2 years. she lives in an impoverished area, fiddles about the way entire families are employed and the glass bangles industry.
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she convinced one neighbor to stop her 3 daughters aged between line and 12, from working and send them to school instead. a lot have a do, but we have 5 children and no one to help us. so when we were in financial difficulty, we asked the children to work a lot of children here work and at home our children started helping us like when we were going through a rough patch of milligram. sadie, the baby sent her children back to school when her husband recovered from an illness and could work again. but not every one would do the same. fiddles about glass bangles industry is 200 years old and the fact was and known for their poor working conditions. generations of families have been employed in the trade, although many work from home when we've also these narrow lanes of fiddles above, we can see many children making bangles rights group say school closures because of
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corona virus and then an outbreak of then gay fever. mean more children, a forced to work because they don't have access to online learning in this home, children as younger, 6 sit in front of small planes using the heat to join the broken glass bangles. they do this for up to 8 hours a day. child labor is illegal in india, but whites groups 8th, difficult to stop those working at home. i live, but 10000000 in 2011. i'm doubling it only. i'm primarily because with as brett. so i think what we can take are no virus as being impacting the weitel, but it media vicki shows back the always hack. i'm to fight to win expense, which is actually quite scary. ah, the release of this? yes, voice of children magazine has been delayed due to lock downs, but how many and her team and now pushing the final touches on the issue,
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knowing they work has never been more important. ok, let's talk more about this with sophia mazata is the agent, human rights analyst with the risk consultancy group, verisk maple croft. sophie is with us on skype from singapore today. so if you're, thanks for your time, how badly has this pandemic pushed back any progress that has been made? well, thanks very much for having me. well, i'm actually we publish a human rights outlook i looking at the trends. she key human rights risks impacting businesses. the day, so we measure 12 liberates issues across $198.00 countries around the world. and what we found in the past 5 years is that labor rights has been on the decline. so we're thinking of issues, you know, very president writes issue such as force, labor and child labor. that's been quite a if you can decline that. but as well, you know, to a less extent of the human rights issues such as, you know,
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occupational health and safety. really important issue in the time of depend, i make as well as a decent work. i did. decent wages isn't working hours and the like, you know and depend on me, has said to me, access to this issue, which is really why it's a critical moment for companies to be looking at their supply chain issues and where they're most put in labor rights risk life and is it just as important because you can focus on the businesses and their exploitative practices, but is it just as important for us as a consumer to know where things are coming from and, and then make our own decisions based on that? yeah, absolutely. you know, i think the concept of sustainability is, it's normally just a concept. it's not just a place where it and it's going around. i think a lot of consumers now are wanting companies to put them anyway. the mouth is to really want to talk in terms of responsible sourcing and ethical procurement. and so we're seeing this not just with consumers, but you know,
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invest this in shareholders are more and more looking at the social aspect and the social performance of what companies are doing. anything is consuming, you know, the, clearly there's a lot of room there for companies to be making decisions based on consumers in mind . i think a lot of brand loyalty is depending on where their companies are able to, you know, secure ethics, ethically procure labor. so yeah, it's definitely there's a lot of school there in terms of consumer choices. so let's talk about some specific countries and there's actually just some pictures i want to show you have us, 1st of all on malaysia, which interestingly the united states is decided to band the importance of surgical gloves, which is, you know, in such an important thing for the last 18 months because of the issues over over force labor in the manufacturer. and that's just one example i was reading out with your research as well. me and mar, cambodia, vietnam they considered extreme risk. now what's put them on extreme risk?
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you know, we are, our report really looks at the decline in very key sourcing locations across asia. you've mentioned a few of them there. you know, in these 4 countries that you've mentioned, new myanmar, bangladesh. i mean, cambodia, they're very c sourcing locations, especially for the government industry. and what we found is, you know, the reasons behind the key drivers behind the downgrade in scores is really the intensification of on the ground violations and the poorest standards of enforcement of labor standards. so when we're assessing these risks, essentially we're measuring wanting slavery by we offer more to slavery index. so this is where the extreme risk categorization comes in. and essentially, you know, when we're looking at these 4 countries, there are a lot of examples put that into the government sector that shows is declining, right? right. if with depend,
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i make factory closures and so on. you know what chris are facing is unstable. our is, you know, insecure team in, of wages, in some instances, they're not even being here at all. so for these reasons, you know, they're driving their downgrade in scores from one to slavery in these country. couple of other places. can you tell me about 1st of ocean jang in china, which we hear about a lot human rights abuses? well documented there. how much of a concern is that becoming for no manufacturing business? yeah, it's absolutely no essentially it's an issue that is not going away. clearly, international scrutiny, you know, boys in the sense of emerging legislation in sanctions type of thing, specific commodities, whether it's cost in our agricultural products or since young or you know, in terms of increase in st. louis, my investors expectations of companies to enhances social performance. you know, all that leads to very difficult situation for companies that are currently either
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based in, since young or have operations or supply chain links in saint john when they're thinking of either moving operations to elsewhere in the region or completely divesting from china. you know what, what is key is that companies has to assess the other risks that do exist in asian sourcing location. forced labor is due, exists with saint john. but as our report shows, no elaborate issues across asia is still operating an issue where the constant child labor either series violations and so supply chains. you mentioned that there, this is last thing i wanted to ask you about. we have heard a lot about supply chains recently more in a sort of 1st world problems way. i'm more interested in how the pandemic has affected a company or a brands ability to track a supply chain. and to keep an eye on these very serious issues which we've been talking about. yeah, i think in a nutshell, unit pandemic has sidney affected negatively affected how companies are able to
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check in to their supply chains. me for very obvious reasons, right? i mean, when we look at the disruptions across the board, whether it's, you know, not being able to travel on site to conduct on the ground or dates, or even to reach out and have a direct connection or direct line to workers. you know, all of these things have been hampered by any one thing that companies can do is have local stakeholders perform that function. but in the absence of that, it's really important for companies to be able to have access to credible id that they allows them to look at their supply chain risks. daily bread issues without actually having to be present on the ground for being a valued from birth. maple grove, joining us on camping calls. thank you so much. great, thanks so much. finally, to columbia, which is well known as the world's largest supplier of cocaine. and now it's got
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another drug and it sites marijuana president even decay has for the 1st time allowed international export of the marijuana flower and legal experts believe columbia could become the leading export of medical cannabis in the world. and that in turn, could offer more opportunities for colombian businesses. as alessandra romp yeti found out in the town of pesca, a sea of medical grade mighty one grows at this farm in central columbia. 18 actors of plans equivalent to 25 football pitches. that clever leaves a colombian company with us investors grows with the highest quality standards accuracy, every step of the process, years, district i gene protocols, each plaintive traits with a q r code. but i think it's patricia, it's a great, an example says the company's president of how columbus changing its attitudes towards drugs after decades of fighting against the legal drug trade, columbia, you know, had a brand within the very wanna quality legal marijuana industry. and one of the
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things we, as a company, we're committed to, was to change that image from colombia to something positive to something that brought science, that broad benefits patients that benefits to people work around the candidates benefits that could also bring huge profits. growing marijuana here is 4 times cheaper than in canada, or the u. s. columbia could capture one 5th of the global market. $8000000000.00 a year, more than the countries exports of flowers in coffee combined. of course, we know we have tropical glo growing conditions. that means we have everything that greenhouse us elsewhere are trying to emulate. we have them here for free 12 hours of light to a house of darkness every day, year round lucel confronted me. now it's, it's no surprise the president even duke came here to announce the country will begin exporting dr. cannabis flowers. just a few years ago. it would have been impossible to imagine being in a legal mariana field in columbia. and now everybody's trying to get
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a piece of the action. governments have been promoting this business as a great opportunity for post conflict columbia. that many fear big players will squeeze out the local growers that are not backed by big cash. farmers in remote areas that have long made the living growing money when illegally say the high cost of getting into the legal markets and the security issues have left them out of the current bonanza. there's a lot of less you in the money one. amazing. since the beginning, the regulation of medical marijuana was a big company model, it was big pharma and export based on the strong barriers exclusions for small growers. despite them being the ones to pave the way for the business years ago. and now companies with great lobbying power or taking advantage of that other smaller companies say staying afloat at stuff as they focus on the few beauty and health products. so foreign loud nationally broke the cost of producing and
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maintaining medical cannabis is extremely high for small companies. that can't depend on a national market, if columbia would also bad on developing a dynamic, internal industry and families that have invested their savings and this might have a chance long ago, there was irony in the fact that a country so often associated with drug trafficking could become a powerhouse of exporting drugs. legally, the risk though, is that this new boom will remain in few powerful hands. allison and get the jersey pisca. and that is our show for this week, but i want to know what you think, what you want to see on the shows all you can me d and may i come on a, do you have a checking or you can e mail as well. come from the cost, the balance there at dot net is our email address. and there's plenty more few online as well. it just the dot com slash ctc. that takes you straight to our page . all our past episodes are you to watch whenever you'd like that, that is it for this edition of counting the cost on come on santa maria and the whole thing for joining us. news on out of iraq,
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excuse i prefer to see things for myself to look at things, not through the lens of politics, but through the lens of humanity. ah, i've been to the playground where to mere rice was shot and killed. i've been to the streets of ferguson. i protest, i've seen the anger and frustration of so many americans. but what was most clear was a desire for change. you could see black lives matter transforming from hash tag to a movement. ah, being a journalist is about listening to people and understanding where they're coming from, following a story, no matter how long it takes or where it leaves. i'm christian saloon
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ah, ah, hello, i'm dan jordan in dough with a quick reminder. the top stories here now to sierra pro democracy protest as are rallying in sedan for a 2nd day on monday, at least 7 demonstrators were reportedly killed, while rallying against the military coup. the u. s. has suspended $700000000.00, an aid to sedan. the army, dissolved, transitional government, arrested ministers, undeclared, a state of emergency. meanwhile, the un security council will meet to discuss.
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