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tv   Counting the Cost  Al Jazeera  September 20, 2022 8:30am-9:01am AST

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separated into royal ages, the jacket b in the george and the victorian each defining a particular time a particular society. the merciful goodness of the lord and jury for ever and ever . the 2nd elizabeth an age was so long and so such change it seems to defy that kind of definition. it is now though ended the queen load into the royal vault ah days ago he would have sun miss anton. now it's sung for him. later away from the cameras would come the final burial service. closest family lane, tourists and matriarch alongside her husband, r equals 0 london. ah, she's houses here and these are the top stories. now, her confusion has knocked out power in puerto rico. 90 percent of the island is
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without electricity. you know, made land full on sunday is now battering the dominican republic. us present joe biden, that proved an emergency declaration on sunday, which authorizes federal disaster relief. at least one person has been killed. often earthquakes struck off the coast of leprosy, said the moreno's in western mexico. the us geological survey said it was a $7.00 magnitude quake. the treatments were felt in mexico city, where residence ran into the streets for safety. buildings and infrastructure were damaged in the city of munson neil on the pacific coast. the quake happened on the anniversary of 2 devastating earthquakes in 198520178 u. s judge has thrown out a baltimore man's murder conviction, in a case highlighted by one of the most popular podcasts ever at saa had spent nearly 23 years in jail accused of killing his ex girlfriend. so i had is being released
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into home detention a decision is to be made within weeks on whether he's to face a re trial or be declared innocent or re investigation revealed that the original prosecutors and the subsequent prosecutors and the attorney general's office failed to disclose relevant information about alternative suspects, one of whom threatened to kill the victim and had more of to kill the victim. and both of whom had a pattern of violence against women in ukraine, the russian back mayor in the eastern city of dawn. the exc is accusing ukrainian forces of killing 13 people after shutting the area to children are said to be among the casualties. the next city has been controlled by russian back separatist since 2014. the taliban has released an american citizen and exchange for an afghan tribal leader g, but she and was i was serving life in the u. s. prison on drug charges. well, contract mot. facts had been detained in afghanistan since early 2020
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ah, the u. k. and the world who bid farewell to queen is with the 2nd to the states funeral there by royalty, presidents and prime ministers. 70 rolled reign was the longest in british history . and he's continues here and i'll just hear that's after catching the cost. this was a young woman, the likes of which we have never seen. this is important. this is historic. from breaking down the headlines to exposing the power is attempting to silence reporting. we're seeing media freedom being threatened and attacked is basically criminalizing journalism. the listening post doesn't cover the news. it covers the way the news is covered. people have no idea what the source of use is. that is the game that rolled, and that for all god, for the absolute white on al jazeera, ah, [000:00:00;00]
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with hello, i'm adrian finnegan. this is counting the cost on out here. if you look at the world of business and economics this week, king charles the 3rd exceeds the throne as the u. k. faces of cost of living crisis . and critics of questioning the relevance of the world family at a time, a public hardship. so how much does the monarchy cost? also this week, africa is likely to be the continent most effective by global warming. we speak to the director general of the world trade organization to find out how comas could be part of the climate solution. at its dumbed quiet, quitting it's increasingly popular among young workers, rethinking their work life balance. but if it's not about people resigning from their jobs, what is it about? the british wall family is among the largest and richest monarchies in europe. and
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despite the high cost of maintaining it, poll show the vast majority of britons back the institution. support to say it provides a sense of unity and pride. but the u. k. is facing the west cost of living crisis in decades. and critics, a questioning the monarchies expensive budget. king charles the 3rd will take over his mother's portfolio at inherit untold riches, all eyes now and how the royal will manage the institution. known affectionately as the farm. for the challenge reports on queen elizabeth the seconds wealth. during the queen, a joke in the prince and wears each minted carnes themselves, and the queen kept one another. she famously never carried cash. despite being the face of it throughout her long reign, my government will continue to work. queen elizabeth was one of britain's wealthiest women, a monarch landowner, property tycoon, collector and investor,
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with an estimated personal fortune of about $500000000.00. her own wells came in part from her mother's estate properties including balmoral castle and scotland, a vast stamped collection artworks and a beloved race horses that i have won weighed as monarch, she owned one of the biggest property portfolios in the u. k. the crown states includes park shopping centers, offices, business and residential property. profits from the estate, which is an independent commercial business, got paid into the u. k. treasury, which in turn took 25 percent of the profits, and paid them to the queen. the seas called the sovereign grant. privately, she received money from another estates, the duchy of lancaster, which has held entrust, the sovereign. it's worth an estimated $682000000.00. the queen started paying
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tax voluntarily on its income in 1992 in 2017 and investigation called the paradise papers found about $13000000.00 had been invested by the dutch . he legally off shore. in a caribbean tax haven, she did nothing wrong. it wasn't illegal, but most people for that all her investments when in britain and they were in blue chip companies. and it did tanisha image of being whiter than white. it looked as though she was acting like a city fund manager. it's unlikely we'll ever really know how wealthy the british queen was with her wealth represented an outdated institution, that of monarchy for her support as though she was a valuable asset worth the coins and notes. she appeared on all the suffering grant cost british taxpayers more than $100000000.00 us dollars last year. but the royal family is estimated to have cost less than $2.00. a british citizen,
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marco's royals are said to be the most expensive to the citizens estimated to received around $55000000.00 in 2020, out of 10 main royal families in europe. the principality of lexan fine is the only monarchy that doesn't receive any public money from the tax. pat, only for members of luxemburg royal family workers, full time royal's, and receive public money for doing so. the royal house received almost $12000000.00 in 2019. many european monarchies of slim down in recent decades, meaning the oils are expected to find jobs and pay their own weight. the netherlands has been described as a successful example of cd and members of the royal family holding down real jobs. joining me now from london is david. hey, david, is the chief executive officer consultancy firm brand finance. good to have you with us david. so britain's economy is in turmoil, inflation rising, the cost of living crisis,
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people finding the going tough. and yet here we've had this extravagant display of grief. a very expensive funeral. is the british taxpayer getting value for money? well 1st of all, i think it's fair to say that the monarchy as a whole. ready produced successfully high returns the economy. we've estimated that it's at least. ready 4, if not 5 times what's invested in a whole graduate waste. and i think the 2nd thing to take this reason you've been very, very concerned about demonstrating value for money and being transparent and. ready so if you actually look at what they spend, the money on the schools is closed and very sorry i told across by variety of different people. factors, this kind of state enterprise is expensive. palaces running troops. bank security is. ready very expensive, but in our opinion is the, the expenditure i suppose,
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you could argue as well that even in death queen elizabeth the 2nd is still working for britain and a gym, its image, all of this pump circumstance, the accession of king charles the 3rd to the throne as well is going to bring tourist in to, to britain. this, that they will want to come and see where all of this is happened. well, they be doing to keep their respects to the queen and they will go on q and right to the end of men, they will line the streets and you know, many, many millions of people from one of the u. k. we've been watching the interviews for people on the street and it's mentioned that coming from all over the world, people come from canada, australia. ready just to pay their respect and you know, the moment key we have said for is a very significant incremental tourism generator. people want to come and see a living marquis. the king himself is a wealthy man, thanks in part to the da she of cornwall, which of course now pass to the prince of wales. and is it right?
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do you think that the wall family have private sources of income, which, which i'm not exactly private sources being come in, that the much of the money is actually handed to the state. you could draw a comparison with the presence of the usa, presence of the usa have their own private wealth and they make it or they can talk, they make it up, they get into office, they can create the head of state and the representative. so it's an equivalent questions and why has to distinguish between the private finance. ready and the state finances, and they asked to get things wrong probably on a global level of competitors. many, it has their own world. the real time is not that wealthy. they are very wealthy. people pay our standards, but they are not, it's probably best to change millions, whereas the money which is invested in the morning he buy the country and it's owned by the country. ready houses and collections by the country that runs,
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but it belongs to the country and i think that's my support. principality of licks and side, as we were hearing a few moments ago, doesn't receive any public money from the taxpayer. and many more keys rely upon their own riches to do the job of being that countries representative if you'd like, just public funding of the monarchy in the u. k. given what's going on, economic li still makes sense. well, i think if it wasn't demonstrated, maybe you were to pay, then it probably wouldn't be worth it. but the fact is, it does make sense to, you know, at least for example, in the amount of free publicity, a coverage is favorable to us. so, you know, he would go around the world and ask, who is the king prince ruler of fine. and i to find anyone in the world who, even though i was in your mind, anyone who knows anything about it. so, you know, they may not be paying, you know,
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getting money back. whereas here in the u. k. all morning he is making is one of the world's leading countries and for the money spent got a great the number. how mindful, don't you think king charles is of the criticism, but the royal family gets as far as that's expenditure is concerned. do you think that he will continue with this, this desire to, to be seen at least to be slipping down? are we going to see more royals expected to pay their way, perhaps by, by getting proper jobs? well, one cannot do it is a proper job is that the, the roads do a great deal of good for charity. ready for institutions in the u. k. and the commonwealth of the world and is a very important job in a very tough job. lastly, i was actually working royals. they are the ones that actually get paid money by the state, the rest of the roads and they do have to go out and make their living. they have to be very discrete about the way they do it. but turning prince charles, i think he's a very sensitive,
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but he's an extremely sensitive and an extremely intelligent. and he's been saying the years, the institution monitoring u. k. very transparent. and he's demonstrate that what he's doing is, you know, it's not extravagant and that it needs to return. i'm sure he will continue to do that. so as far as you're concerned, david brant wins out. the royal family in the u. k. provides excellent value for money. well we'd be saying 2000. ready them when with keiko married right through the. ready jubilee abstruse make and harry wedding. the royal family definitely piece a huge. can you go into 3 chunks? one is tourism and trade, where they are very, very favorite teeth. one is in terms of the effect of the as a role lawrence. and thirdly, it's just a general goodwill instability factors that increase well the country and one very
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good expression is. ready patronage of the role family around 5, the real world system which generates a great deal. well with a companies. so yes, i think it's extremely good. david, really good to talk to you on counting the cost money. thanks. indeed for being with us. in the africa, m, it's only around 3 percent of global gas emissions. and yet african nations are among bows, most exposed to the impact of climate change. at least 20000000 people are at risk of severe hunger because of east africa was drowned in a generation. the world trade organization says the trade can help the consonant tackled global warming. i was serious razzles said i spoke to the director general of the w t. o and g o, z, a condo, a whaler at the african adaptation summit in rotterdam, in the netherlands. actually we don't have to look too far to see the impact of
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climate change on trade. we saw this somehow rivers in europe that normally have badges that gary goods like the ryan did danube beginning to dry out. i need making it difficult for, for bodies to carry goods and then they have to be put on trucks and trains, which is far more expensive. so climate change is meaning that we might see the cost of treat, of going up because of shipping and transfer shipment issues. so that's one side of the equation. now on the other side that people don't think about is that trade is really part of the solution to climate change. trade is itself an instrument of adaptation. just think about this without trade, you will not be able to make available the new technologies that will help for climate adaptation. you will not be able to have access to the goods and services to take good practices and are from one country to the other. all this is facilitated by treat,
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so trade is centrally important. it's also an instrument of adaptation because if you have a climate event that makes it impossible for you to grow your food. oh, or that in on dates or you know, properties. and so you need to have access perhaps, to externally, to other countries, to be able to bring in food, bringing supplies, bringing equipment that you need. well, agriculture is among the factors most at risk with some studies estimating the climate impacts could cause the continents crop productivity growth. by a 3rd, the w t o system africa's trade could help offset future shocks in agricultural output, africa share of whoa to treat of liberal merchandise street is very low. it's less than 3 percent. this has to change. if ashley came to benefit from world trade and from the rules of the world trade organization,
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we need to trade more. so that means we shouldn't just be trade in raw materials on commodities f, as we've done yet to yet. it means we need to start adding value to our products. i'd like to see africa's shelf, whoa trade, double within the next decade we should be doing 3 to so we should be doing up to 6 percent of world trade. to do that, we must add value to our products. we must attract supply chains. you know, the world is starting to see that we need to diversify our supply chains because of what happened during the pandemic. when we saw that goods manufactured, certain goods is concentrated in a few countries, and that's risky, doc, diversification, we can take advantage of it to bring those supply chains to africa so well. so part of the global value chains, and i call it re globalization. let's use street to re globalize the world. am bring africa into the mainstream of the trade in system or conjure wayllace says
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that ensuring access to new technologies is important to helping africa reduce the climate impact. they managed to get a compromise agreement at the w. 2 that is enabling, developing countries still have access to vaccine patents using instruments that can override these for the next 5 years. i am sincerely hoping that with climate change the ravages of climate change, which will mean that we will not sometimes my of food. we may not be able to grow food may need new technologies on the continent to help us out, drought resistant varieties of flood resistant varieties or new technologies. as you said, i'm hoping that knowing that we are all in this together that we need global solidarity. we will be able to come to sensible arrangements whereby africa and those spots of the developing world that need new technologies can access it. whilst at the same time,
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not dis incentivize in those who want to create new technologies and do research. wealthy notions pledge to spend around $25000000000.00 by 2025 to help africa adapt to climate change. the world trade organization shows that financing should be aligned with trade policies. africa needs a just transition. so it needs to be given time to be able to transition to that new technologies to renewables. it's beginning to happen, but it, but during this period, do we need to look at our deaf wells? not the may be the worst of the fossil fuels like go, but gas as it drains a jump will, is not been increasingly recognized so that the country can have base load power that can, you know, sort of pa, manufacturing on the continent and help us develop develop countries from mr. $100000000000.00 to go with the perry sack codes. we now understand that we are
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approaching 80. we hope that by the time we get to go 2070 channels shake will nowhere 100. but that's just the beginning. we need more resources from both public and private sector. now for their w too. what can we do? let me tell you this. sometimes you can have money. i'm financing, but you're still not able to access the goods. you need to transition. we've seen it in the pandemic. there were those who had resources school that said money to purchase vaccines from africa. but because of export restrictions, kovacs was not able to get those vaccines out of india that time to when needed. so we want our members to make sure that for the green transition, we should look at how to keep bro, he'd be shuns and restrictions down on green goods, on technologies that are needed. so that those developing countries, including countries in africa, will need access, can have it no williams of workers around the world lost their jobs during the pandemic,
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all those were forced to work from home and dance provided an opportunity for many employees to rethink their career choices. reimagined the workplace and try to take back their power at work. for example. while them 70000000 american workers left their jobs in the year starting april 2021. what was known as the great resignation . now another trend is on the rise. it's called quiet quitting, despite the name, it has nothing to do with people actually residing from that jobs. well, the turn describes workers who only do the job that they're being paid to do. just meeting that job description without taking on any extra duties in order to focus on time spent outside the office. it's become a buzzword recently after i had con, an american tick tock user with over 10000 followers, posted a video that went viral saying, work is not your life. according to a survey by gala, including $15000.00 full and part time workers,
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about half of american workers are quiet, quitters, and other 2 of is also increasingly becoming part of the workplace debate. it's quiet firing. that defines employers to make working conditions, so miserable will deny resources or opportunity to workers aiming to force employees to leave without dismissing them outright. well, to discuss all of this were joined by chris wor, hearse. chris is the director of the institute for employment research of the university of warrick. he joins us now from glasgow or the u. k. good teddy with us . chris of the fact that some employees feel on motivated the drudge of the 9 to 5 not engaged with jobs is nothing new. people have always felt like that. so why the fuss, over quiet, quitting old jobs consisted a bundle of tasks, least tasks very loosely defined or is he said customers or to drive a train and we never have the details about how you supposed to do. there are many
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people at discretionary assets to go the extra mile to know this is chad to customers when they're sending them. so the customer feel good and come back will be the case of train drivers and you can to moments. and if somebody's off sick feel, come in and work an extra day. and all that helps companies be more efficient and, and work smoothly and quietly quitting means with drawings to leave that discretionary assets and doing minimum specify min minimum specified in the contract. and they don't tell those that the doing kansas asylum withdrawal of labor and goodwill. and i think there's a couple of reasons why this might be happening in happening now. because as you say, it's nothing new, particularly for many of the 1970s or people used to do something called work to rule when they were dispute with management. and then again that they were similarly to what was in the contract and nothing more. everything suddenly started
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to collapse, trains didn't run properly. schoolwork and probably hasn't been a problem because people are doing only the minimum. but the difference was in the old games that this was done collectively and openly. and now it's doing is being done quietly and on individual basis. we don't know the extent, let me click stage right, because it is a silent moment. i think some people linking to the con derek and say, for long workers to independently, if they were working at home and working a home in the bosses, went around a lot of discretion about how they worked. and mountain living cooled into the alliances and being pulled into loss is at the time. and they actually know they can do the job. and they're feeling less inclined. i'm sorry, the leave to kind of have less than that discretion. and that makes them have been happy to losing control. you say, chris, there are no, there are studies into the,
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into it or how wide spread this this practice has become. but the fact that it started on social media, i suppose, means that at least we consume, as far as the demographics are concerned. this is involving younger as opposed to more senior experienced workers. who is it? would that be a correct assumption? do you think we're finding these designing those popping up on certain agentless like that does reflect the demographic and those younger. what is those younger workers that report? they're the ones who cos, who have less committed to work places because the style of their careers and of course they don't have more just and they don't have founders. so the few more able, if you'd like to be able to do the asylum withdrawal and many of them, of course younger workers and organize through trade union. so in many ways they're not. ready able to say that collective action just so how should employ a deal with choir quitting? i mean, the obvious answer should be pay them all. well,
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the employees need to take a step back and say, look, work is closing in this discretionary hopes that businesses are more efficiently. and if workers are quietly quitting, they're losing that extra as an extra. and so they're going to take a step back and say, okay, well we'll happen next. it's likely that these employees leave in the future. dissatisfied employers tend to leave organizations that will lead to more labor shortages, not least less efficient in their organization. so things longer and smoothly. the lesson, i think, as you rightly say, is that they've got to train employees. well, that means not expect to work long hours evenings to the extra tasks, and it means paying them decent wages, or paying them fairly, wor, employee. what employees think is a fair wage for that. what we're doing in the context for this is, is they're all
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a machine to use. and because some level recruiting as many people as that, like there's more of the existing employees, there's a lot of kind of compounding factors in employers have just kind of take a step back and say, we need to keep employees that they've got treatment. so what about the issue of quiet firing? why would a boss resort to doing that, or is it as a direct response to quite quitting? just like quiet, quitting in some way quite a firing has been around for a long time. employers, managers, if they were happy with individual workers, would marginalized. and again, it's, it's, it's, it's a difficult situation for both employees and employers. a lot of the managers with nobody wants the consultation workers, workers that don't do what we're doing, but it's really money just taking a step back and saying, why is it that these employees are not doing what we want to do? why is it that they feel unhappy? so it won't,
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since quite firing. looks like the yes response to quite quickly. well, neither party really base, it's chris, it's been really good. so carol county, the cost, but effectively for being with us. and that's all show for this week. if you'd like to comment on anything that you've seen, you can tweak me. i'm at a finnegan on twitter. use the hash tag a j c t c. if you can, or you could drop us a line counting the cost of al jazeera dot net is our address, as always, has plenty more few online at al jazeera dot com slash c t. c. that takes you straight to a page that you'll find the individual reports links, even in time episodes for you to catch up. but that is it for this edition of counting the cost. i'm adrian finnegan, from the whole team here in doha. thanks for being with us. the news on al jazeera is next debating the issues of the day frog use has always been criminalized around the boundaries of rights under member. there people are a family and our friend and our community member on our on line. i jewel voice this
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minute to iep don't believe in dialogue that political crisis must be soft, went and political submission as climate change progress is there. some people who are in place in that they're just going to have to made. there is no recognition about what we're ready facing the street. oh, now j 0 ah, now j 0 wit every oh for ah, i'm carry johnston, doha, the top stories on al jazeera, her confusion continues to churn through the caribbean,

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