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tv   News  Al Jazeera  September 29, 2022 5:00am-5:31am AST

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we'll talk about that in a sec, but some storms bubbling up, moving north, just to the east of the bolivian, and pe ruby and andy's into the western amazon. ok, so it is going to be a washout for both rio de janeiro and sal paulo temperatures and pedagogy. not bad . coma doro 523 degrees on thursday. that's it. ah, debating the issues of the day produce as always been criminalized around the boundaries of rights. i'm just member, there people are family and our friends are community members on our online i, jewel, voice this made it to we don't believe in dialogue that political crisis must be off with a political solution as climate change progresses, there are some people who are in place in that they're just going to have to there's no recognition about what we're ready facing the street. oh, now j 0. a
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devastating winds, floods and storm surge, hurricane ian batter's, florida. nearly 2000000 people are without power. ah, thank you for joining us. i'm several then. yeah, you're watching al 0 life from don't. also coming up the world bank president warns of recession, dangers in europe and developing countries, while the bank of england takes emergency measures following the u. k. government, many budget russia cause a un security council meeting after gas leaks on its nord stream pipelines and rejects accusations from some you countries that it is to blame. also runs, president says the death of masa means after her police arrest is a tragedy, but warns protest is against further violence.
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ah, so in florida, hurricane ian has weakened from a category 4 to 3 storms since it may landfall on wednesday. but with winds hitting a 185 kilometers per hour, there are warnings. it can still do catastrophic damage. more than 2 and a half 1000000 people have been ordered to move nearly 2000000 or without power. streets are flooded in parts of the state and emergency services say some people are trapped in their homes. id show, castro has more with wind speeds talking 250 kilometers per hour. hurricane e and ripped across florida's gulf coast. wednesday afternoon. waves turn streets into rivers, florida's governor warning the worst may still be to come. it is gonna have major, major impacts in terms of wind, in terms of rain, in terms of flooding. so this is gonna be a nasty, nasty,
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a day to days. oh wow. holes are without power as utility workers from 27 states prepared to descend. as soon as the storm clears. about 2 and a half 1000000 people were ordered to evacuate, but some stay behind risking everything is my home. for a me and my mom, you know, i me, there goes the what, what, what do you do? it's been decades since a hurricane of this magnitude hit florida's western coast. curiosity through some people out on to an exposed sea bed earlier wednesday. the water temporarily sucked away by the storms. low pressure is so dangerous to be after. so even if you see the water receding, it's not the time to go out there and, and look at it or collect shells or whatever it is. the national hurricane center is warning of catastrophic storm surge winds and flooding across florida,
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as people sheltered in place. president joe biden said the federal government would help with search and rescue and recovery. gimme he is also warning the oil and gas industry not to raise gas prices. do not let me repeat, do not. do not use this excuse to raise gasoline prices or gardener. eons of slow movement across florida means the state will likely be pummeled for days to come. hydro castro al jazeera and 2 people in cuba were killed as the hurricane hit the island on tuesday. the storm also caused the nation. why black out there plunging about 11000000 people into darkness. a power is slowly being restored. now the bank of england is warning of more financial instability after the pound dropped an all time low against the us dollar. on monday, interest rates could increase further impacting those, trying to buy a home. if barker reports,
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britons housing mortgage market said meltdown. an estate agent just bile sign a fee is for his business. the government plan for sweeping tax cuts in huge amounts of borrowing spooked investors, forcing dozens of lenders to pull hundreds of mortgage deals, buys, understandably, i'm quite anxious about what's going to happen next. and i think the key thing we got her memories boys were also sellers within the lower level of buys, coming to the market, who had a 40 percent reduction in boys actually registering. who got mortgage is approved in principal. and this is even, i think this trends going to continue just with, with osi suspension of certain mortgage products. while buyers and sellers re evaluate their options, the international monetary fund, the lender of last resort, urged the british government to reconsider cutting taxes at a time of soaring inflation. the i m f p as it will spark a global slowdown of risks, widening inequality. the kind of warning the i m f gives to emerging economies.
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normally you k. last friday the chancellor of the exchequer announced a bonanza of tax cuts and debt funded spending. in the hopes of stimulating economic growth. for the move has spectacularly back fired. the value of the pound plummeting to its lowest level since 1985. the whole market is in turmoil at the moment and people are waiting for some act conciliatory tones from elegant the chancellor or the bank of england to actually settle the markets down at the moment that hasn't been coming. the figures forced the bank of england on wednesday to take evasive action and by government bonds on a temporary basis to help calm the market. but within minutes the pound fell again down 1.6 percent against the dollar. as the pound falls, the cost of government barring on the international ball markets has gone up for an interest rate of a ram wall and a half to $2.00 and a half percent to 5 percent seemingly overnight. expressing our real lack of
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confidence from investors about the government's ability to pay for its own plans. you, kate, as is now seen by investors as being similar to greece or italy, countries with long histories of economic mismanagement. even before all this inflation, the gradual increase in the price of goods over year was around 10 percent. it's highest him 40 years and the highest amongst g 7 advanced economies. a perfect storm of factors including the war and ukraine of disrupted supplies of goods, such as oil, wheat and fertilizer, pushing up the price of food, fuel and other items, and in order to dump and those rise is the bank of england that acts independently of the government has raised interest rates, the cost of borrowing to slow down spending and keep prices under control. but the table impound means only one thing. the bank of england responding with even higher rates of interest to help steady prices. the heads of some of the wells leading banks were summoned to the treasury to try to restore confidence in the
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government's plans, but politically thinks that anything but stable that disquiet amongst m. p. 's from the governing conservative party. some reportedly calling for liz trust, his premier ship to end before it's really begun, need balk al jazeera london. and the president of the world bank is warning that there is likely to be a recession in europe. david malpass says it could take years for global energy to diversify away from russia, and that is prolonging the risk of low growth and high inflation known as stagflation. the world bank president says that the slow down could have grave consequences for developing countries with vulnerable economies. he added that new macro and micro economic approaches are needed to address the current perfect storm as he calls it of rising interest rates, high inflation and slowing growth. lawrence cutler gulf is a professor of economics at boston university. he joins us live from providence, rhode island. lauren's. thank you for coming on. it's. it's a bleak outlook. right?
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yeah. well, i think we have some people like mouth as like larry summers who are you know, i think maybe headline we have hunting because i don't think it's as leak as what's being described. you know, they in the u. k. for example, a now such a school, you know, tax cut to try and deal with a temporary right. higher level energy prices is around 2 per cent of gdp. but at the same time, the inflation or last year in the u. k has reduced. and so it's about 45, i think, 1000000000 pounds, but they've made about 220000000000 pounds as a surplus because the real value of the the u. k. debt declined by about 220000000000 pounds due to the inflation. so, you know,
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we're not putting things in perspective here. the u. k. does have a big debt to g. d pays about the same size. the us about a 100 percent gdp bornea inflate. when you're inflating on away with a 10 percent inflation, you have to calculate that you have to incorporate that in your analysis. larry summers is smart enough to know that but he didn't. why didn't he do it? you wanted to get some headlines. i think today, and he brought down the power of his tweets, and i think it's a good time to buy the pounds. because i think there overstating the british tesco, irresponsibility, i don't see this is, you know, hyper responsible to, you know, be cutting, running a deficit of 140 actually and 45000000000. when you just ran a search was indirectly of 220000000000. that sounds like a bounce, a concert fiscal policy. in addition, the u. k. has unfunded liability, you know, like the think about the health care service service, national health service and
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u. k. it state control. the prices are pretty, you know, pretty well fixed are time sensitive, not arise, much faster than other prices and much faster than real economy and u. k. in the u. s, we have health care prices going out. that was due for. ready decades now, our long term fiscal situation is much worse and that in the okay, we have the same debt to g d p ratio. but our social system, our pension system, is much worse and long term shape. our health care system is a much worse long term shape in terms of funding. so who are we to say that this, the u. k is acting like the a developing country? if you really look at everything comprehensively, like a good economist, would you say the u. s. is much worse long term fiscal shape than the u. k. therefore, reacting okay, well, so hold on. so this was david mouth speaking the head of the world bank, and he, he mentioned europe specifically singled out europe, not just the u. k. y,
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and the u. k. singled out europe for a, an increased risk of recession. that you saying you don't see it that way? well, i think we have people like malpass talking up a recession. we're going to have that happen because science recessions are largely in my view, psychological events in the sense that i, if i am an employer and your employer. i start if i think you're going to, i think your thing is recession coming. i believe you're going to start firing your your workers, who are my customers. and in anticipation of that i start firing my workers who are your customers and then the entire thing in meltdown because of self showing prophecies here. remember? or is it all you don't wanna hear? it appears here themselves. when a chuckle, office and dirty train and fear can be contagious and modern economies. and i think if you look at the recession,
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none of the things that people so that the time or the cause of the great recession actually turned out when you look at the data exposed to have been true. so we had about 10 major was a great recession. none of which actually, you know, the facts turned out to be exactly opposite expos when you look at it. so that was a psychological recession because one of the things that they said caused it actually, you know, they said this cause because this, because primes were all bad, well surprised actually weren't bad. or we had an insider rating. and actually the reading companies that a good job, and it's one thing after the next they were set at the time that turned out not to be true article on my website called the cop dot net under art of it's called the big con. and it's in reference to the big sure about a recall that movie and book saying, you know, trying to describe what happened in the great recession, what caused it? none of that turns out to be true. well lawrence, look,
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it's good to get your perspective. lawrence caught the cook. thank you very much. i actually, i have to say, i hope you're right. i assume yours will hope you're right as well because that perfect storm that was described by mouth. this, with the interest rates, the low growth di inflation. i mean, it gives you the jitters. lawrence, thank you very much for joining us on the show today. my pleasure. and still ahead on al jazeera, a landmark trial in guinea, as the country's former military ruler, goes on court over the massacre of 150 people in 2009. ah, the anticipation is rising and so is the atmosphere. you read the width of my cattle ways. does monsoon reigns continue to clear away from india top to bottom. however one so we can really see where they are now stretching from entrepreneur dash right through into my roster. and that's what we'd expect is some
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of the year they're slowly starting to pivot further toward the south. that's where the biggest 1st of rain will be on thursday entre pradesh right through to morrow roster. spilling into tom on the do around should i and you've got a high of 34 degrees. now, as we head toward indo china, we did have typhoon nor roommate landfall in central vietnam. around denying that's spreading the rain further toward the west. some torrential downpours here as we look toward louse thailand and eventually into the mar as well. so certainly the risk of seeing some flooding. also a storm just to the use of japan's main island of han ship that's out over the pacific. no real major concerns and mostly drive but a few showers to go around tokyo and then it's about the heat in china. really, whether you're in the north central areas or toward the south. we've got some high temperatures here. that includes for boiling up the 36 degrees on thursday, still get instruct with some showers in hong kong when this weather report right now in buckets. don, things are dry here as well. the monsoon rains have cleared away so crouching 32
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degrees. but we have seen some what weather round the horn and that could continue on thursday. the west sponsored by catch me the ah, you're with al jazeera in doha or headlines. this. our hurricane in has weakened from a category 4 to 3 storm since it may land full in florida late wednesday. but we winds heading up to a 185 kilometers per hour. there are warnings that can still do catastrophic damage to people in cuba were killed as the hurricane hit the island on tuesday. the storm also caused the nationwide blackout, plunging about 11000000 people into darkness. and the president of the world bank
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is warning that there is likely to be a recession in europe. david malthus says it could take years of global energy to diversify away from russia, and that is prolonging the risk of low growth and high inflation. moscow has called for a un security council meeting over damage to 2 of its nordstrom gas pipelines in the baltic. sea rushes fs. b security service says it has launched an international terrorism investigation into what it calls intentional damage to the pipelines, the european union, and nato say the leaks were due to sabotage. nord stream, one usually ships gas directly from russia to germany, but deliveries were suspended by russia earlier this month because of a stand off over sanctions. denmark and sweden 1st reported the leaks near the island of bourne home. shipping near the lines has now been restricted on account of it, and norway is deploying its military to protect its oil and gas installations. step vast reports from lumen on germany's bolted coast. a controversial project from the
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start with billions of dollars is now as good as that. not $31.00 and $2.00 are not transporting gas to germany at the time of the leaks, but looking at the extent of the damage. experts wonder if they will ever be used again. while it's still anyone's gas was responsible for what looks like an attack on the pipelines the leaks reveal how vulnerable europe's energy supply is, especially since russia's invasion of ukraine. the annie of all the students were in a serious situation and you with long been aware that the baltic sees in area of high attentions. look at the rhetoric around finland and sweden's membership of nato. the baltic sea is an area where you have to expect this many and europe of youth rush of sabotaging their own pipelines and speculated at more attacks could come. moscow has rejected these accusations, saying it's the americans who benefit most from the price of gas going up. analysts say a high level of expertise is needed to cost this kind of damage unit in for structure,
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for each unit equipment for unit money for it need expertise for it. it can't be done that easily. so there's, there's a couple of organizations only that can actually do this, which also means you can hedge. that means you're bringing probably a lot more intelligence than military to anticipate anything that might happen. and that might need to a much more secure system. hundreds of millions of cubic meters of gas which were left in the pipelines has been pouring into the baltic sea. the main gas leaking from north stream into the ball to see if me saying this has a much larger impact on global warming than the c o 2. if the guys it's good, depending on how much of it is absorbed by sea water, and how much goes up in the air ex, let's say a to do as much damage to the climate as a c o 2 emissions of a mid a large city. like hills, thank you for an entire year. just a few days before the league when detected, hundreds of germans held a rally,
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demanding that the government start operating northridge to like many and europe. germans are struggling to pay their energy bills. after russia got supplies in response to sanctions imposed by the west, i mean to make sure that we have reasonably priced got the game and that the things are ended. that's why i'm here. germany has been looking for alternatives to rush and gas. the damage to know what stream pipes have made it even more clear that the country needs a more secure supply of energy. steadfast and al jazeera in looking on the baltic sea. and the u. s. is warren russia against anything for areas that it's occupied in ukraine following what is described as sham referendums on joining russia? it's already planning to impose new sanctions along with you, the european commission president outline some of the new measures being planned. we do not accept the referenda and any kind of annexation in ukraine, and we are determined to make the kremlin pay for this further escalation. so we
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propose sweeping new import bands on russian products. this will keep russian products out of the european market and deprive russia of an additional 70000000000 euros in revenues. were also proposing to extend the list of products that cannot be exported to russia anymore. the amos here to deprive the kremlin military complex of key technologies. mohammed vow reports from moscow in the red square in the center of moscow, not far from the kremlin. preparations are already on the way, putting up the stage for a huge national celebration. for what is going to happen and what is going to happen is basically, these 4 regions are going to be officially announced of next to the russian
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federation. there is a process to that which has already started today. when the leaders of those, the pro ration leaders of those 4 regions addressed requests to president vladimir putin to consider the annexation, then they will come here in person to meet with. but it is put in, that's when they find a treaty that you will be taken to the constitutional court to study if compatibility with slash and constitution, then it will be voted by the 2 chambers of the parliament before it becomes law. and once it becomes law, it will be at definitively and officially announced by president vladimir putin himself, in a, in a, in a address to the nation. and it's a very different perspective in the ukrainian capital. here is charles stratford reporting from keith. well, as you can imagine, the message here from the ukranian capital cave is one of defiance and complete
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rejection of what they say. all these sham referendums that lack any kind of legal basis in international law. we've been speaking to a number of officials over the last couple of days, one of which is an adviser to president zalinski. michael mckayla pal. dolly i am. he says that these referendums mean absolutely nothing to ukraine in terms of its military strategy in terms of its goals. they are still determined and vowing to take back control of old the russian occupied areas including crimea. he also said that the referendum basically put an end to any potential resumption in any peace negotiations. and he called to get again as we've heard time and time again over the last 7 months from the ukrainians. they demanding more weapons and they are expecting an escalation in fighting in the coming days and weeks ahead. with
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respect to the fighting, we understand that they are ongoing battles and a lot of which are very much focused on the town of lee man. now that town is northeast of a large urban centre of sloughed dance, and the offense evil to counter offensive being mounted in that area. only man is part of ukrainian forces counter offensive to started a couple of weeks ago. and so great success, south of the, the city of called cavan is seen them take back thousands of square kilometers of land. iraq president abraham racy, says the death of matter. meany has saddened everyone but warned chaos won't be accepted as violent protests, spread demonstrations have been taking place across iran for almost 2 weeks. human rights group say at least 75 people have been killed in the unrest. and critics have accused police of firing directly at protesters. the 22 year old. i mean, he died after being detained by the countries. morality police for not wearing her
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. he job properly. are still sort are, has more from there on the president of iran, the brain. gracie has talked about math. i mean, is that for the 1st time since the process began nearly 2 weeks ago in iran, he said that for that has sudden him and right off the hearing about math. i mean is that he has called math. i mean his family and conveyed his condolences. he said that the piece will protest are understandable, but writing the use of wayland against the security forces are not acceptable. regarding whether matha meany had a heart attack while she was in probably close to the or was beaten to death, she said that an investigation is still on the way. i asked them wondering, does he have the inquiry is still ongoing? it's our duty to follow the investigation. our intention is transparency and justice. medical forensics are looking into it and the final report will be presented within the next few days. now people in iran are waiting for this,
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a forensic report to be released once it's released. we will see whether it's going to convince the protesters and based on that, which kind of actions are going to be taken by the government. but as of now, we can say that their protest here are using the momentum regarding ad they are asked to calles that the participation to this protest is, is, is, is declining. but it's not clear whether it is because of the internet restriction that was put by the government that is presented to protest is from organizing. or whether it is because of the heavy presence of the security forces in the states. and the heavy handed security measures against the protesters in guinea. the trial of a former military leader and key officials from his government as begun was said that his camera and 10 others are accused of killing more than a 150 protesters during a massacre. at a stadium in 2009, they pleaded not guilty to charges, including murder and rape. am at interest reports from con, agree. 13 years of waiting is finally over.
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former military leader moore said that his camera finally faces trial. he and 10 others of the elegant masterminds of a massacre. there will come face to face with survivors, and the families of hundreds of civilians who are murdered, tortured, or raped. why security forces? this is jasmine no gather. it's too early to save. the outcome will be what we expect, but for now we're giving up court the benefit of the doubt just yet not the government has promised to save god the integrity of the process and guarantee protection for witnesses. the proceedings are being watched closely by international institutions like the united nations, the to day, reversing the culture of impunity into a culture of justice. activists say the trial is an important step. what will also be a difficult one?
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frankly, there are a lot of concerns this charles unfolding in a complicated moment for guinea. there is a 100 government in power and there have been rights abuses escalating a ban on the opposition. i ban on public protest during this time. dennis hunter is under intense pressure and making a political capital out of this trial. by the next few weeks and months will determine whether the process is politically motivated or a genuine attempt to find justice for victims and members of their families. the international criminal court says it's watching the trial closely as we bow not to the judge. we about to justice. it's something above us. we have to bow to justice and respect justice. otherwise, it's the, the law of the gun and the bullet. and the bully. the victims come to quote you such a torture, but it's not certain. if all who come we'll find the answers that been looking for and whether the trials outcome will help this nation he'll, ah, my edris al jazeera corner creek. and more bodies have been found after
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a migrant boat sailing from lebanon for europe. sunk off syria, a 104 have been recovered so far, but others remained missing. some were syrian refugees whose relatives say they've been stopped from burying their loved ones. they know hotter, explains why. a memorial service for a family that drowned in one of the worst migrant bo tragedies in the eastern mediterranean. their relatives weren't able to bury their dead because they live in serious opposition controlled north. the bodies were found by the authorities off the coast of syria. then to do it, i lost my daughter, her husband and the 3 children. none of them were old enough to be in school. we also lost full members of our extended family. some when we know identified them, hospitals were among them. of the rough men, cosa, and for the yeah, they were born refugees in neighboring lebanon,
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where the economic collapse made life extremely difficult. barking, the family had no choice but to take risks, to reach europe, to live the life of dignity with bodies. and the few survivors were taken to hospitals and regime control dart tools, not all of the syrian victims were refugees. syrian state media shared photos of residents of latter kia, who had crossed into lebanon to board the boat. poverty and unemployment rate are also high in government areas. the authorities in the baskets are not releasing bodies until they are identified by their families at hospitals. this means some syrians aren't able to go, in particular, those in the opposition. those who escaped military service during the war and those with no documents to return to 11 on the bodies, and survivors brought back to lebanon. so far have been those of palestinian and lebanese national.

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