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tv   Counting the Cost  Al Jazeera  June 12, 2022 6:30am-7:01am AST

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the only way we have to survive is kyla tumble and plant what you see, euchre corn i planting. we don't have an alternative. no support from the government. they made many promises. we got rid of cocoa, but nothing happened in exchange. but all me say the real enemies are powerful businesses that are clearing much larger plots of land. he cautiously take us to another huge devastated area me at the head or yell at them in longer corner until the government arrives with technical assistance and land titling an organization in a way that protects the population and the environment. unfortunately, deforestation will continue the community for as the program is small and does not offer a long term answer. but it shows that there are alternatives to the devastation of the rain forest. and that those who live here can be part of the solution for future generations. allison at m p at the and as you don't capital, ah,
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this is al jazeera, these are the top stories, china's defense ministers as tie ones. reunification with the mainland is inevitable and had fallen interference would fail way fingers address and singapore is the latest in a spot between washington and beijing over time ones future. jessica washington's in singapore was more on what the chinese defense minister said very early in his speech, he took the time to remark directly on lloyd austin's comments about china, saying that he regarded them false and news against his country. now, course he did talk about taiwan that has been a contentious issue of discussion across the course at the summit. he did, of course, mentioned that it is that china will fight to the very end if necessary. and he sent a message in his words to those seeking its high ones independence stop the delusion
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. the pursuit at independence, a dead and hundreds of marches had been taking place across the united states, calling for stricter gun laws. they were organized after a spate of shootings including last month in texas or 19 school children, and 2 teachers were killed. fighting continues in and around the eastern ukrainian city of savannah, done yet. president vladimir zalinski insist they will win the war with russia, but says the country needs more ammunition and wipe eyes weapons from allies, crumbling backed authorities in southern ukraine. say they've started issuing russian passports. people living in the occupied cities of melita, paula hudson. i've been able to apply to become russian citizens in a fast track procedure. ukraine's has condemned the move as russ vacation. lease engineers here have arrested journalist seller at sierra for comments he made an al jazeera about the country as president r j reported the case. aid has asked the army to close the headquarters of the powerful union, the u. g t t and put some of his leaders at
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a house arrest. genesee's military prosecutor is investigating at yours remarks. a vigil is being held in the occupied west bank to mark one month since al jazeera journalist, sharina block. i was shot in the head by is really forces all 0 media network continues to demand a rapid, independent and transparent investigation into her killing those of the headlands coming up next. it's counting the cost, goodbye. ah, we understand the differences and similarities have cultures across the world. so no matter how you take it out, you 0, we're bringing the news and current affairs that matter to you count his ear. ah, i
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alumni cloud. this is counting the cost and al jazeera. you'll look at the world of business and economics this week. droughts, poverty, and conflict have left millions of people starving in africa. the continents food insecurity has been made worse by the war and ukraine. how can another hungry crisis be averted? also this week employment grew more than expected in the us, and the president says, the job market is robust, but tech companies have been laying off workers. so what's behind the mixed signals? a new billionaire was created every 30 hours over the last 2 years, while millions of people have fallen into extreme poverty. now as inflation source could the inequality gap whitening even more? ah, 346000000 africans. that's more than a quarter of the continents. people suffering hunger because of conflict,
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drought and poverty. now, a wall that's thousands of kilometers away is threatening to make africa's food insecurity. crisis was grained supplies are disrupted, and the prices of staples and fuel a skyrocketing, the head of the african union, warns that risks a catastrophic scenario of food shorted his and his eyes, russia and the west to help ease the situation cave. and wes and capitals blame moscow for blocking ukraine's exports and triggering a supply shortage, hooting denies. the accusations, the russian foreign minister has guaranteed the safety of grain shipments from ukraine if keep removes naval mines and western nations live there sanctions. ukraine says russia is demanding unreasonable conditions. the announcement came off to save a lever of hell towards the turkey as part of a un plan to get a deal in place between moscow and cave. more than 40 percent of africa's weight comes from russia and ukraine, and now the price is going up by 45 percent as
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a result of the supply disruption. the cost, the fertilizer has increased to buy at least 300 percent. the african development bank says that could lead to a 20 percent decline in africa's food production. the organization is pledge more than $1500000000.00 to provide farmers with seeds and other aid child landlocked country in west africa has recently declared food emergency is the region self as its word food crisis in a decade. and in the horn of africa the you and want more than 14000000 people are on the brink of starvation in an area experiencing its worst route in 40 years in somalia, more than 800000 people have left the countryside to seek help and comes having lost animals and crops. malcolm webb has this report. they went to the de la, he bully, have children, died of hunger and thirst. he says he was left with no choice. he abandoned the
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only life he's ever known as a nomadic herder. he says he was caught between the armed group, asha bob and worsening drought. most of his carrots and cows perished. he told us he left the lost animals to die and walked with his surviving daughter for dosa, for 3 weeks to reach here. a camp for displaced people in the port city of kiss maya in somalia. but one of my wife lost her mind with grief that was after we were unable to get food for our children. the last i heard, she tried to walk to market tissue, but then i don't have the strength to look for her. i don't have shelter, i don't have anything to eat and i have nothing. after law he and far dosa have joined thousands of people already in this camp. many of them lost their animals in previous drowns and haven't been able to restock their heads. more than half of somalis depend on hurting livestock turn,
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dry scrub into mill can meet that people have survived on for thousands of years, but the drought to becoming more frequent and worse. so the camps in cities like his maya grow bigger. many of the people here may never go back up the law. he met her mood, says he would never have dreamt of eating fish. when he was a heard a, then his sheep and goats were wiped out in a drought 5 years. again. he says he then struggled to survive in a camp and kiss maya in till the un food and agriculture organization bought him a boat and trained him to fish for this a big difference. as the livestock keeper life is always about struggling with drought and trying to recover from it to fish in the ocean, you have to learn many things. the ocean itself is like a university. you need to study how it works, how the law, he spent years learning and says he can now get a good catch 5 days a week. tis the money he earns is enough to pay school fees for his children. the u
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. n said many more people could be helped in the same way that the crisis is also becoming i'm out of by my vision crisis and it's required more did i bought a solution by supporting that usually takes. i was a huge potential where they can divert the pipe and improve their new nutrition. it's not clear how the millions of similarities in the countryside will survive in a warm world. war won't, they'll eat what it may be, some on is 3000 kilometer coastline. and it's fish can help malcolm web al jazeera kiss, my somalia. well, johnny is from cape town in south africa, is dr. peter turns jacobs. he's acting strategic lead in the inclusive economic development division at the human sciences research council. dr. jacob, welcome to the program. so talks to ease ukraine, brain supply, haven't achieved much. can there be a breakthrough? do you think?
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well, at this stage, the big stay away will probably continue for a while. obviously, the concerns for us in africa across the continent are continues to be not only on the implemented side, but more on the human side. because the human error just especially under pulled into security has been a big concern. and we do hope that the diplomatic breakthrough will come sooner rather than later. what are the same weight continues? i'm wondering just how much difference it would make. anyway, given the various other factors, the affecting food supply in africa, you are spot on because what we have a year is that way can what i, we put as a trade off between decline and production capacity. in other words, capabilities of africa to produce food and as that the grinds there has been an increasing or at least 5040 years and increasing reliance on prior to a. and yeah,
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as a result of the following facts of the war, we have seen the pack quite severely on both sides. so on the decline of agricultural production capacity, obviously we've got a number of different factors that impacting on our ability to produce food. i think the 1st one is obviously the crime, i think about to be so logical changes that are happening in that was be. but the other big, big fact is playing a role social, political conflicts in certain parts of the region and part of the continent and really devastating the ability to distribute food and food good distribution and production systems. i've also been impacted by all conflicts across the continent. so it's this combination of factors we take into consideration and focus on when we
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look at the pool the right way. so just just sparring back to the situation. ukraine at the moment, j, wester, accusing rush for a weapon, ising food supply. and clearly it's important that food supply situation is resolved, as we've already discussed. but do you think that is the case that russia is, is using food as a weapon? while i think it depends on how you look at whether you look at it from the west, or if you look at it from the side of all countries. and i think this was supposedly inevitable given the changing nature of the war there. whether or not i think that is the goal of moscow to as a, as a weapon, the for sale of the objectives. that's very, very difficult for us to because of the, of the conjugate. well, the african union chief, michelle,
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he's complained that sanctions have made it difficult to buy grains from russia. he has a point as me. yes, but at the same time be, think it had over events indeed on the human side and give countries that are heavily impacted on what is referred to as a trade in aid. those are really affected by countries that i'm not really affected by that might not be here. for example, if we look at the parts of the continent, so typically denise egypt really is reliance on great imports on those countries. that can be a case where there's been others all over events on export restrictions completed. that also got great production capacity, especially b, b and countries in india for example, that we want to, we countries of war. it was due to the restrictions be willing to protect the food
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security situation of their own countries and to do another emergency food situations that they might be confronted were. so i'm not sure whether it's only the air, the war itself but, but there are other factors. i think that we've got to take into consideration in this. okay. and what about on the ground on my aid is one thing, isn't it? but what can be done by governments on the ground, in terms of traversing diversifying food supplies, like fisheries, and so forth? what are the long term solutions can be found within africa? well, the 1st would be to explore how carefully, what be referred to today as a crime of small transiency. the admirable value changed. that means introduce in scaling out new ways of agricultural production, or diversifying the capacity to have current with smart, a production techniques, or production techniques that are logically more sustainable. i think that could be a t investment or african at the stage, but i think would be
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a long term fantasy generally will take and you know, 10 or more years for african begin to scale that are. so in the short and medium term, i think we've got to explore a variety of different areas of social protection, both so so protection that will enable people to get access for and more in direct . so supplementing phones to get access to it. logical transition of agriculture, you're much longer of a prospect, but i think the immediate areas of investment scaling on social protection and scaling up the for support or public sector support for agricultural duction. okay, we'll leave it there. thank you, said virginia said dr. jacob speak to us from cape town, much of asia bigger. ah, now the health of the labor market in the world's largest economy is being watched closely as station raises fears of an economic downturn. and the ceo of tesla has
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a dar outlook. eula mosque says he's got a super bad feeling about the economy and he's rapidly ordered a halt to hiring worldwide, plus a 10 percent cut in the company's salaried workforce. but then the world's richest man gave contradicting messages on the potential reductions, sending workers and investors on a roller coaster ride. all this comes just days after his him ordered employees of both tesla and his rocket company space act to return to the office or tesla. currently has about 5000 job openings. advertised world wide, and 100000 employees demand for it's cars and other electric vehicles has remained strong so far. but the company's stock took a hit since a billionaire use the shares to finance of planned acquisition of twitter or masks gloomy. our look echoes recent remarks from executives, including j. p. morgan chase, c o. jamie diamond, and goldman sachs president john waldron. are the companies of also cut jobs or
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paused hiring american employers in the technology sector? they cut around 9 times more jobs in may than in the 1st 4 months of the year. while retail giants, including wal mart and amazon have said they hired to aggressively earlier in the year. but president joe biden says, u. s. job numbers in may are historically row boston are one of the signs of a healthy economy. u. s. employers added a 390000 jobs, extending a streak of hiring. the figure has beaten forecasts for a 325000 rise in new roles. but mays increase was the slowest for a year. the unemployment rate held at 3.6 percent for the 3rd month in a row. and nearly every large industry added workers. one major exception was retail when shed nearly 61000 positions and pay has been rising faster than it has in years. the average hourly wage close to almost 32 dollars last month,
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up 5.2 percent compared to a year ago. however, pay growth slowed in may for 2nd month in a row. well, john is now from london, is richard siegel leverage. it's a research analyst with a london based financial institution and pros, yet capital richard siegel. welcome to the program. shouldn't people get worried when someone like you must says he has a super bad feeling about the economy? you know, why don't we census, he has an old tier motive. i think we also always have to take it seriously. what a business leader, such as him, has words about the economy which are on the outlying side. on the other hand, he does have a tendency to change his mind from time to time. so i think we should wait 2 or 3 months and see if he still has the same views as we and the summer and head and to the autumn. but in addition, i think we should also listen to the views of some other business leaders who are looking at different parts of the economy and also have the pulse on it. some, such as the leaders of j. t morgan have the same views, but some have
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a much more sanguine view. sorry to jump into those changes of mind that you're talking about. are they kind of calculated? is he trying to influence markets by doing it? that i don't know, he does have a tendency for doing this in the past. he does have a reputation of trying to be provocative. but whether that is what he has in mind about this particular item that i don't really have a strong view on as far as tester is concerned. what is the situation that the demand for electric cars is still strong? isn't it? yes, it is very strong. and would oil prices as high as they are and possibly going higher and staying volatile? they will only increase over time. partly because pricing partly be cause a government regulation, but also consumer preferences. but at the same time, it is always natural for large companies to pause and assess their hiring. hiring freezes, even in companies and industries, doing well or not unheard of. but it would be quite a surprise if any kind of parts and production were to be long lasting. one of the
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advantages that test the has, has been an industry where the lead times are very long to go start to finish and building and electric car company is quite long. it's about 5 years. so there's a natural barrier to entry that a company such as just a heads where they're very good brand name, which is difficult to compete against. so in that context, i'd be very optimistic about tesla, long term, even if the short term is difficult to predict, right? there's a lot going on in global markets isn't there, especially with mosque is concerned, his decision to freeze hiring and cut jobs. and it seems to backtrack that seems to be some sort of contradiction that yeah, i would agree about that. but again, i wouldn't worry too much into short term developments because that is always natural. it could be that he still facing some supply chain chain difficulties. and therefore, job cuts could be a temporary action to that, but again, i'd be pretty optimistic about his industry long term. right. there are other
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employers, plenty of other employees. you're cutting back netflix pellets on coming back, hiring a retail job to take it to. yes, but those are different situations with the example of netflix and pelettano in particular, they made a couple errors of judgment and strategy. they like many others assume that the shift and personal consumption from goods to services would be larger and more long lasting. and that expectation was reversed. ready fairly quickly, they were counting on too much growth, but at the same time, you can go start to finish with a streaming company of 6 to 12 months, maybe even less as the technology is advancing so quickly. and the technology of an electric cycle is quite simple. the barriers to entry are very low. but at the same time where the retailer is such as target, it's another clearly different situation where demand is holding up pretty well.
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i'm not that worried about revenues but they are being squeezed by. busy mountains because of higher than expected input costs, but also higher wage costs. so with a company such as netflix or pelettano, i wouldn't be optimistic about them getting their form of revenue base. on the other hand, i think that a company such as target, once the present had wins had been worked through. i think they could recover their margins relatively quickly, meaning 6 to 12 months. what about the situation in the united states, latest jobs figures? the president biden says, the job market is robust. of course, it's always the job of a precedent to talk up the economy and particularly the job market, especially during an election year. however, on this, i would agree with having the jobs market is very healthy. what does worry me though, is that the labor force participation rate has to move back up to where it should. there just isn't the supply of labor that will keep the economy going over the long
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term. it doesn't actually self correct. those who are outside of the labor force typically are attempted in outside of the labor force for whatever reason. however, it's very difficult to predict how long this will take and if the mattress and the correct industry will occur. and how quickly richard siegel from ambrose your capital. thank you. thank you. okay, the world's 10 richest men of more than doubled their earnings since the global health crisis began. while the incomes of 99 percent of the world's population. a worse off the inequality gap is feared to get even wider as a cost of living source. when you analysis says taxing the world's richest people could raise at least $2.00 trillion dollars a year, that would be sufficient to live billions of people out of poverty and make enough vaccines for the whole world. organizations like fight in equality alliance, the institute for policy studies and oxfam, they found at least
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a $183000.00 households own a combined wealth of more than $36.00 trillion dollars. another report by the world inequality gap says the richest 10 percent of the world population owns 76 percent of all wealth. a single person from a top 10 percent earns at least a $122000.00 on average per year. but an individual from the bottom half makes less than $4000.00. and while global inequalities between countries have declined over the last 2 decades, income inequality has increased. within most countries, the average income gap between the top 10 percent and bottom 50 percent, has almost doubled. more than a $150.00 millionaires called on politicians and the world economic form in davos last month. to tax the more the group who are known as apache arctic millionaires include the american actor mot roughly. and disney aris abigail disney campaign and
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say a multilateral agreement proposing companies pay at least 15 percent tax on earnings didn't go far enough. let's take this on. we can speak now to dr. paul siegel. he is a reader in economics, at king's college, london, and an economist researching global inequality and poverty. thanks for joining us, paul siegel as inflation rise is how much worse could this inequality got get? well, the big problem inflation we're having at the moment is that it's specifically hitting good slide food, which are typically important for low income households. so that's why when inflation goes up, it's not, it's not even across the board and it's vicky eating those on low incomes. so what we'd like you to see is, and you quote, is probably rising as we speak and drives as this and disproportionate increase in food prices and energy price. it also proceeds to inequalities grains,
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its surprising places in the, in japan, for example, a country where most people regard themselves as middle class at the got there is great. where else is it most pronounced? well, i mean, historically the most unequal regions have been latin america and sub saharan africa, that same sea unequal regions. but we'll see interesting, and the last couple of decades have been the progress left america has made on inequality. and that really gives us important lessons the rest of the world on how to tackle inequality. because what we've seen in latin american countries has been rising. minimum wages increases in transfer to low income households. and often lot of countries increase investment in education. and over the kind of meetings the longer on, that's how a lot of countries in latin america have managed to reduce any quality really in a way that a lot of amish didn't expect that them at the time. and i think all countries can, can take heart from math, that if governments really want to tackle in the fall, if you have the tools to do it. right. so measures to, to read,
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distribute the wealth. we got these programs in japan as a matter fact. and china, can they work? well, absolutely. i mean, for china sticky, interesting example because china and deals and quality enter all the different way from other other countries. they have the common prosperity program at the moment, and they've had a lot of into regional distributions in the past as well. and they're much more if you'd like growth oriented, where they're focusing on investment and improvement restructure, particularly to help those regions of a country that have lower incomes. and chinese actually been quite successful in, in sundown inequality and then actually reducing it, not a lot, but somewhat in the last 15 years or so. and that through large amounts of in, went in and productive capacity and also administrative capacity in the core regions control the income go up in those regions and help them to catch up with the rich parts of the country. essentially that we have this, this car i just mentioned that that is co hort of people who got
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a great deal of money of millionaires. you're asking for governments to tax them more like roughly and abigail disney is that realistic? and in fact, why don't government do that? well, it's certainly realistic at home of the very people more. i think the reason why governments don't do that in practice is that, i mean, well, there may be some 1000000 as asking to be taxed more. i think there's probably more 1000000 as not to be more and crucial in this very important point here. some of the very richest people that we have billionaires who own large sections of media, as you will understand very well. and those 1000000000 as you own the tv stations and the newspapers, they very much don't want to be taxed more. and they have a disproportionate political power within physical system and they can shake the debates and they can they can very much influence public opinion on these matters. so those relatively small number of very wealthy individuals are able to move to debate and change of environment in a way that makes it much hard for governments to substantially increase taxes on
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the rich. all right, we'll leave that. thanks very much. the for that said to pull siegel speaking to us from london. thanks a lot. thank you. tisha i that is all show for this week. if you'd like to comment on anything, you see, you can tweak me at nick clark al jobs. please use a hash tag, a j, c to see, or just drop a said e mail cons me costs about 0 dot net is our address, but this morphy online at al serra dot com slash ctc. that will take you straight to all page, which has individual reports, links, and anti episodes for you to catch up. that's it for this edition of counting the cost. i've mccloud from the whole team like to join us. the news from now to 0 is next reporting in the field means i often get to with
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so that i can convey the headlines in the most human way possible. here at al jazeera, we believe everyone has a story worth hearing. what happens the in new york has implications all around the world. it's the home of the united nations. it's a center of international finance, international culture. to make these stories resonate requires talking to everyday people to normal people, not just power brokers, and that's where al jazeera is different. the mayor of the city announced that he was doing away with the curfew. that was supposed to get everybody off. it's international perspective with the human touch zooming way in and then pulling back out again. ah .

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