to challenge soviet era methodologies through making, creating and performing, turning a generation of children into the trailblazers of tomorrow. after school armenia, part of the rebel education series on al jazeera reporting in the field means i often get to witness not just news as, as breaking, but also history as it's unfolding. dropping from serbia hungry to rep one day, i might be covering politics in the next year or i might be covering full test. but what's most important to me is talking to people, understanding what they're going through 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, ah

voting. wrapping up in brazil's most polarized election in decades with left his former president lula desilva expected to beat the incumbent jar or snarl. ah, i am dealing with donald, this is sal jesse live from love, also coming up campbell, it vigils in indonesia after a football match ends in tragedy with a 125 people killed in a stadium stampede and home after home destroyed on the way to leim at the east in ukrainian town that russia has just abandoned this russian orthodox monastery has been a place of pilgrimage for centuries. but now the ukrainian soldiers here tell us, they fear the priests. in spite of sheltering what they describe as russian

collaborators are voting is due to rack pop around. now in brazil, in elections widely seen as the most important since the restoration of democracy in the 1980s. around a 156000000 people are eligible to cast their ballots. that's the largest number in brazil's history. well, the old could see the country shift back to a left wing leader, former president lewis in our seo luna da silva. husband polling ahead of the incumbent jar ball scenario by double digits. 76 year old lula was not able to run or even vote in the last election in 2018 because he was jailed on corruption charges. but his conviction was later thrown out. i would for usually go, i couldn't, won't, because i was a victim of a lie. now i'm hugh roaring that the recognition of my full freedom and with the

possibility of once again being the president of this country incumbent president, job olson, r o. cast his vote in rio de janeiro. he arrived at the pulling station wearing a yellow and green t shirt with the world brazil written on it. no false narrow tool journalist is confident that he will win his previously signal. he may refuse to accept defeat, claiming the country's electronic voting machines are prone to fraud. i don't know . what matters is the voice of the people, what's matters. what is that clean elections and about problems made the best when of africa? will you recognize the result of the election? well, let's go straight to our latin america. it is salisia newman who's in south paolo outside, losing his head for his high, barely caea. so the pulls of just close, but how soon will we know the results? indeed they have the counting has already begun and it is extremely quick here in

brazil because they have an electronic voting system. so they really do turn out the results in a matter of hours not days as in other countries. that doesn't factor in about 3 hours. we should know pretty much which of the 2 leading candidate to is i head are we are at as use as you just mentioned outside the hotel where a candidate lula, the seal, or the former left wing president is hold up right now. we've seen a steady stream of actors, singers politicians bolt from this country and from latin, america's coming in, waiting to accompany him for the results. and they all do look very are beat because of the polling our results up until now, which seem to indicate that he has a very he has a commanding lead. now joining me out to talk more about why this is such a significant election. is claudio gold. dall, you are a political scientist from the gentle your vargas foundation. and so you are probably the perfect person to ask why is this considered such a dramatic election?

well, because democracy is on the stake in this election. we know that both when i was an authoritarian leader, and so many people were worried about what he will do in a ventral 2nd term. and so this is why lula was cable for these who run around him . so many sports from different politicians for different partners, even many of them were little pause doors many years ago. but why is, is also not considered a threat to democracy? well, because he don't recognize help institutions of democracy may work. he attacks the justice system all the time. here talk to the federation. he don't recognize how breath must work on. so it has so many different ways of behavioral to return. that we know that the, in the 2nd reality can be even more strong than him. his now and so he can make changes in brazil, him political landscape that can menace prison in democracy. but that's what i was going to ask you next in this. and in this election, both candidates had made

a point of saying that they need to win in the 1st round. that does not go to a run off. why is that a concern this time? but never heard that before in brazil. what? because i'll, a victory in the 1st round is a landslide victory. and so it represents to one candidate that wants to show the dork on that cannot deny the results of the electron like ball. so neither wants to do that. it's more difficult for him to do that, even if it's a question of time, if also now has more time. and if you have a 2nd round, we have more time of campaign. he can attack these additions even more. and finally, because invisible action, also, nato will be elected or not or rule will be left up with many other members of the congress of state assemblies, state governments. and so if they are elect together with him, well, there will be in favor of the result of this election. how he see, do you think it would be for lula that seemed like to repeat the success he had in his 1st 2 terms?

which was to remind our viewers from 2003 to 2010. he went out with 80 percent approval ratings. can he pull that off again? i think it's very difficult to obtain such a result now because the situation of the country is quite different. we don't have any more. the burner commodities. we don't have any more. also a situation in brazil in terms of unorganized public administration. unorganized the economy like it was what ruler received from his brussels and he got those. thank you very much, glorious coastal well there you have it. a very, very interesting nail biting election here. there. years of results are either the votes are being counted and of course we will be back with you as soon as we have some clarity about just how this is going back to you to see a new man at will look forward to talking to you later lisa and key, wanna k anarchy of his set live in rio de janeiro, monica, what's the med like where you are? well, i'm here in rio de janeiro. there were very,

very long lines. people were up to 3 hours, some line that was maybe perhaps the what people complained of most. but that shows that also many people did. 003. by to ok. well in the past there have been no. there has been absenteeism or percent. and the last campaign, very hard to ask people to go out vote because those are because the majority of people that do not are the poor part of the population, which has more difficulties. that's why in many cities here in brazil are public transportation was made free to help. these people come out and vote, and that was something that also narrow supporters had tried to stop. so of the mood here is everybody's waiting uncertainty because nobody knows what the results

will be if there will be a, a winner. this round, or if people will have to wait until october, the 30th if there is a run off. also, mattel has more time to, to prepare and to let the handouts that he's been giving been given lately. kick in and maybe hopefully change people's votes. he, there was an emergency package approved just that would last 3 months. the 3 months of the last 3 months of this year. so people, the poor, per families would receive around a $120.00. monica anarchy of their joining a set live with the latest on the atmosphere. one of uncertainty by the signs of it . they are in rio de janeiro, want to thank you. garcia, test, that is a professor, the school public policy and government a cuneo, vargas foundation in brazil,

and she joins us live now by skype. at graziano a very warm welcome to the program. it's being described as the most important moment for brazilian democracy. why is that? i'm mostly because we have had a good afternoon. thank you for the invite. you're having this very trouble in times now in brazil because we have a watch of the few threads on democracy coming from the events of the country. who said he would accept results from election. said he with them except the egg of the judiciary system. and the other institutions are so important for democracy. so it was a dance moment, thinking about what happened from now, but people came to vote. we are see lots of people going to balance, which was a concern about dad,

that people who threatened you wouldn't go voting because they would be afraid of violence. but that's not the case. you're seeing very calm election. we'll see the situation. and that's good news that the people are, are actually going to the polls and one to, to show that they want to participate on the process grad sale. i'm guessing you will also and cast your vote at what, what was the atmosphere like when you did? i know that sometimes when you're standing in the line to vote there are conversations going on. what were those conversations like? so when i went to 2 different places, the whole thing because my husband go to one place and i go to another. and that very interesting because when you weren't in a polarized situation, it seems like it was in 2 different countries, both in 2 different places. one of the latest was for my neighborhood that goes

mostly on people. so now to and with dread, with the shirt of the brazilian soccer team, which is what we'll send out to him. and the other place was more, not all everyone would go to look what was more even and, but nobody would be like violence or aggressive with each other. there's. there's a sense of democracy feeling people, one next to another, even even if they don't agree with the others. and there was, there was, there were a few new rules that came to that last week. that was good rules like well such as people cannot carry guns on the street today,

even if they have the permit to use them and took care of them today. they cannot use the go outside of your houses. so that was a good regulation. people would feel more safe with that, and they also change it a little bit. the rules regarding how they would pull the results. now the states there from time zone, we have 4 times on the resume on the one base that would send the votes only after 6 pm. stop it to vote at 3 pm so that everyone good and know the results together and they would they would come sooner ever be less. and i a t a c l costa, their joining me and from visit a class l. a. thank you. thank you. will manuel republic joins us alive now from the capsule or perhaps later we will join him

a little bit later. we hope to have the results a little bit later. we're getting some exit polls, but only very small amounts of the voltage. we will share that with you a little bit later. now a visual spin held for a $125.00 people killed during a stampede at a football match in indonesia. ah, hundreds of people gathered in the capital jakarta to remember the victims, the chaos began. when supporters from the losing side invaded the pitch, these responded by firing tear gas, causing the crowd to flee for the access. present joke, a widow has ordered a review of security football matches and says all the games in the league should be suspended until the investigation is complete. victoria again, me has the story. oh, the stampede happened in the city of milan in east java province after

a match between home team arima f. c, and their rival, sir, by the chaos began after supporters. from the losing side a rima f. c, invaded the pitch. police responded by firing tear gas, which caused fans to flee for the exit. for years ago, many the friends lost their lives because of officers who did not humanize us with very disappointed with the treatment because many lives were lost. ah, faith is rules banned the use of tear gas by stewards or police football matches is jarvis police chief defended the crowd control measures used by his offices are no annual. i am not them. it was a feeling of disappointment that prompted supporters to go down to the field to ask the players why they lost the game. that's when the security team moved in. so fans went get onto the field or interact with the players. during that process, t, a guess was fired because there was anarchy on. ah, police estimate, 3000 fans stormed the pitch in did easy president,

yoko widow has ordered an investigation into the incident, was loose, but i got body. i have specially requested the police chief investigates and get to the bottom of this case. furthermore, i have also ordered the indonesian football association to temporarily halt legal one matches until evaluations and improvements and safety procedures. i've been complete by gun prostitutes. 042000 people attended the sell out match all a rima, f. c supporters, sir, by a fans weren't allowed to buy tickets because of the risk of violence. i think, at this moment fif, i should step up. not by bending interest with bull, but working together, guiding our football association with the right security measures. east of as provincial government says it will give $650.00 in compensation to the families of the victims and promises lessons will be learned. so

a tragedy like this doesn't happen again, victoria gay to be al jazeera nato says, ukraine's capture of a town that russia was using as a logistics in transport hub demonstrates that ukranian troops are making progress russian voices pulled out of lehman on saturday to avoid becoming circle at times in the occupied region of den ask which moscow declared part of russia on friday. or child stratford reports from seattle, her sc, which is close to lehman. ukrainian armies repositioning close to the front line town of lehman and it don't it screeching of eastern ukraine. president putin says this is now part of russia. but the ukraine, an army is back in control of the weeks of heavy fighting. everywhere you look, devastation is nearly complete, burnt out russian ukrainian military vehicles, and home after home destroyed russian soldiers were forced to retreat from this

area, but the ukrainian army says they are prepared for a counter attack and one even using as russian president vladimir putin has implied the nuclear auction he would under so carsa, this is also possible on liberated territories. so we don't key patching together that we keep them dispersed to ensure maximum safety of our personnel. but it does not affect the performance of their task. so those are, some of its spiers, have been damaged by the shilling, but this 16th century russian orthodox monastery remains relatively unscathed. the level of destruction he proves. just how fast the fighting has been. in recent weeks, this russian orthodox monastery has been a place of pilgrimage for centuries. but now the ukrainian soldiers here tell us they fear that the priests inside a sheltering what they describe as rush and collaborators. the bridge to the

monastery over the soviet skate donates river, has been blown up on both sides. unlike most of the population of the village, the priests are still here. lover, now taco bell, i'm for mertsa. this monastery comes under the moscow patriarch, which from the start has been destroying ukraine from the inside. therefore, we see all these monks as russian agents. so there's a very high chance they've been hiding collaborators. and some of the few people who stayed and survived the fighting, a sheltering in the basement of another damage nearby church because their homes have been destroyed. food miller's husband passed away in may. her children fled to hard cuba when the fighting started. i know you don't, but the one we are not leaving because this is our land, our mother lands, we are even prepared to live in a dog out. if it means we can stay another homeless family descend the stairs

to the church crypt where they sleep. they ukrainian village lies in ruins on land . vladimir putin says is now part of russia and has vowed to take full control of by any means. cha, stratford al jazeera. she is a hisco, easton ukraine, boston in south and voting for new collective presidents and parliamentarians and the growing ethnic tensions in the country. where the 3000000 people were eligible to vote in best bosnia herzegovina as general election. a polls are seen as the most important as the end of the war in 1995 election campaigning was often dominated by hates and nationalist rhetoric. well, the dates and peace accords ended the bozeman war in 1995 and they stablished a system of ethnic quote, as many levels of government. the agreement names remain ethnic groups the both in the acts who acts and serves as the countries constituent people. there are of

course, many other minority groups that also coal, both in a home. it also split the nation into the federation of bosnia, herzegovina, and republic. a serb sca, the federation is predominantly both nacken cool and while republic serbs is served and both have their own prime ministers and parliament, they are linked through a week central government, tripartite presidency is made up of one both. now one serve on one cro who share a 4 year term that's rotated every 8 months or both. and as main house of parliament uses a system of proportional representation. so 20 members that directly elected by voltage in the federation and the other 14 are elected by republic. sir scott, as well as cosmo to beg, who's been following the latest developments from sorry, april. so polls have closed. what's the latest? well we've just heard from the electoral commission that turn out is at 50 percent

. now that's the lowest this country has ever seen. now the haven't been any preliminary results, but we have been hearing from some of the parties that they, observers, what they've been seeing on the ground so far, what we're hearing is, for the bosnia presidency, dennis becerra, which is a head of bucket, is a bag of it's not that would be an upset because is a beggar, which is part of the main part that has seen power for the last 3030 years or so. and in terms of the cry seat, you're hearing that gel co comsearch is ahead of the right wing separatist crotch brianna cristo. now again for some we'll see the as a good news because the crystal is seen as a crack separatists. and that could essentially upset or increase the tensions that we have been seeing here. and in terms of this, the other entity republic cells go, well, we had a magic who had been using

a separate his language or he isn't standing for the presidency or of the this country. or he standing for the presidency of republic serves god. but he has put forth something from his party or del, call savannah, which again, a serb separatist and she is in the lead. so, so for that's what we're hearing, the official results will be much later. but this is the lowest turn that this country has seen. and after we've also heard that the high represent safe to bosnia has, has made an announcement. yes sir. surprisingly he made an announcement just minutes after the poles are closed. now the high representative for christian schmidt is tasked with overseeing the civilian implementation of the peace records that came in at the end of the war to ensure her in short peace. now he has this position and power above everything else in this country where he can

change the constitution implemented laws. now he made this announcement and essentially what he's done is made this intervention to the house of her people's. he's increase the number of seats and also how they are chosen. and also what he's done is given a deadline after election for the formation of government. now some people will see this or something positive that facilitates the formation of the government. but there are some here that say that he is an elected. this is undemocratic. he is in part, been imposed or by people outside the arrested powers. and there will definitely be some parties in this country that will be upset. and i've been speaking to them after he made this announce my what i've been told by some of the bosnia parties is that they're very closely looking at his announcement. and the legal teams are looking at that to see what it actually means for them. separate. they're joining us for the very latest families from sarajevo. i said thank you. well, gerin says been voting and therefore the general election and just 18 months,

which could see bicycle boris of back in power. if he's able to form a strong correlation. exit polls predict that his conservative gear policy has secured 24.6 percent of the vote. that's despite losing power early last year, following massive anti corruption, demonstrations or so from a stability after inflation in the european union's poorest member state skyrocketed 20 percent. reform is premier kira pet cough is projected to win 18.9 percent and he led a for party coalition but was tough hold by a no confidence food after 7 months in power. opec overs rule that form a coalition with for a soft racing fears of the country's worst political instability since the end of communism. ourself, on the other hand, has said that he'll talk with anyone including the ultra nationalist open. the pro ration was strong yet party, which has gained popularity since moscow invaded ukraine. in february exit ball

suggests its support has doubled to 10 percent and that it could play a role in the next coalition government. andrew simmons has this update from sophia . no clear winner at all, no surprise either. and instability is the result of the election waco, boris off, who has had more than a decade empower himself now or in the party with most of the votes. a carol petroff, who had been pushing against russia in a very strong way during his only few 3 or 4 months in power or before a vote of no confidence in his capital. it went through, he came a close 2nd, it has to be said, but this man had everything up against him. he had followed the e. u line against russia. i. he had refused to pay and roubles to gas prom, which was providing 85 percent of gas for bulgaria. and the result. well,

the public went against him when the gas was turned off by russia that would appear to be the case. he did lose a lot of popularity because the economy was going down like as of the many parts of europe, but here, particularly bad hyperinflation, effectively a 17 percent in august, or under a total of 20 percent, annual inflation. the economy in a very bad state. yemen 6 month un mediated truce has expired. del allen fighting has been the longest in the 8 year war, and many fear renewed violence will wipe out any gains that have been made. the u. n. is pushing for an extension, but warring science, blame each other for allowing the deal to reach an impasse. millions have been displaced by the war which has left most yemenis reliant on humanitarian aid. mckenna fossils new military leaders have called for calm and urged people to

return to work in a televised address. abraham charla, who and i'm see, was taking power on friday. the scene parading to the capital or good do good. a few hours later religious, religious leaders and i, the true, had accepted the resignation of the i'm stood president poll on re demi bus, and that was on saturday. a state of emergency was declared after protest. by qu, supporters who set fire to the french embassy in the capital, they accuse the french military of sheltering to me by which france denies. deny a formula plus, you know, we would like to inform the population that the situation is under control and that things are gradually returning to normal. we therefore invite you to go about your daily business freely and to refrain from any acts of violence and vandalism. that could undermine the efforts made since the night of the 30th of september. this includes what could be perpetrated against the french embassy or the french military base. when nicholas harp has more from a decor incentive goal,

the new leader of burkina faso, the young captain. captain abraham tara, went to the national television station. there was a statement read out announcing that he is now the new president of burkina faso jet. a few days ago, he was still a captain on the front line fighting arm groups, 2 groups linked to al qaeda and iceland. now he's at the helm of a country facing an insurgency of armed groups according to to, to local media, president, former president. but all he dummy bob resigned under certain conditions. some are some of the conditions that he mentioned. he wanted that the, the pursuit of military operations on the ground, he wanted to ensure that the forces loyal to him would not be sidelined with, with the new arrival of president abraham char. right. and also he wanted the pursuit of the national reconciliation and the respect of the pledges med made to

echo on the west african body, the regional body and the belong either by the government had pledged that there would be a return to civilian rule and elections by 2024, but before that there is a lot of work ahead for colonel ibrahim tory, to try to form a government of national unity to try to rebuild trust in the military. that seems to be divided. and as i mentioned, facing our groups in the north of the country, the town of g bo ton of 200000 people is under siege by armed groups and fighters linked to al qaeda. they've gone without food and water for several months now. and so there's this urgent need to try to bring back security to the country. we're going to be keeping up to date with all the news coming out of brazil, the results of the all important election there for everything else. you can find it. i'll just sera dot com o

reminder of our top story on al jazeera thoughts and i been counted in brazil in elections, widely seen as the most important since the restoration of democracy in the 1980s. around a 156000000 people were eligible to cast their ballots, that the largest number in brazil's history, while the pole could see the country shift back to a left wing leader. former president lewis in our ceo linda silva, has been leading the poles by double digits, but incumbent to jarvis scenario has signaled he may refuse to accept defeat, claiming the country's electronic voting machines are prone to fraud, or latin america editor. you see a new in house morning from south pio county and has already begun and it is extremely quick here in brazil because they have an electronic voting system. so they really do turn out the results in a matter of hours not days as in other countries. that doesn't factor in about 3 hours. we should know pretty much which of the 2 leading candidates is a head of

a jill spin held for the 125 people killed during a stampeded a football match in indonesia. ah, hundreds of people gathered in the capital jakarta to remember the victims, the chaos began. when supporters from the losing side invaded the pitch piece, responded by firing to your gas, causing the crowd to flee for the exits. president joke, a widow has ordered a review of security at football matches and says all games in the lee should be suspended until that investigation is complete. natal says ukraine's capture of a town russia was using as a logistics and transport hub demonstrates that ukrainian ships are making progress, wash and voice is pulled out of lehman on saturday to avoid becoming encircled. it's in the occupied region of da ness, which moscow declared part of russia on friday. green's president volota mir saelens. he has hinted,

the success of his troops is not limited to leman. i'm russia was a key issue in bulgaria, general election. it's 4th and just 18 months, which could see boy gl boris off, back in power. if he's able to form a strong coalition. exit polls predict his conservative gear of the party, his secured 24.6 percent of the rule. for sulfur said he will hold coalition talks with anyone including pro russian parties, if firmly up to date, those are our top stories. do stay with us though counting the cost is up next. see later. ah, allow elma al jazeera with oh, oh i

hello, i'm rob madison. this is counting the cost on al jazeera, your weekly look at the world of business and economics this week. the u. k. is government is introduced, big tax cuts to try to boost economic growth, but the international monetary fund is wanting, the measures could stokes sawing inflation. so what's next for the british economy? also this week, central banks around the world are raising interest rates. they're trying to attain inflation, but that could come at a high cost for the world's economy. plus from bollywood to normally would. why 2 of the world's biggest film industries are struggling. ah. buttons prime ministers batting big on a fiscal policy that includes the biggest tax cuts in the u. k. in half a century. it's all going to be funded by borrowing less trust is determined to

plan is gonna kick start the british economy. but a critic say, it's a reckless gamble, man. the plans seem to have back fired already. the pounds fallen to record lows. financial markets have gone into turmoil in a ray or public criticism of a leading global economy. the international monetary fund is wanting. the plan could increase and equality in the u. k. the i m f is urging the british government to change its mind. the collapse in the pound has been followed by a surge in the u. k. borrowing costs britain's now paying more than the rates paid by european economies, which are heavily in deb such as italy and greece. the bank of england says it would buy government bonds in an emergency to halt a bond market crash. it has also signal to could raise interest rates in response to the slump and the value of the pound. millions of british homeowners, and i braced for big rises in mortgage payments. me barker's been gauging public reaction to the new budget. a reports from the british time of graves end that is

by any stretch of the imagination, a huge economic gamble on the one hand slashing people's taxes on the other massively ramping up borrowing. but will it all mean? most people hope that everybody in the united kingdom will have a little bit more money in that pocket to spend on bolstering the economy. or will it simply mean as the opposition maintain, that the rich will get much much richer? the plans include cutting, national insurance corporation tax a tax on buying property, spending tens of billions of dollars on showing up the energy sector so that people's bills that go through the roof. and also controversially on lifting a cap on bank as bonuses. i mean, the town of graves and about 30 kilometers or so from london is neither particularly rich nor particularly deprive, but it could be doing much, much better as got a huge concentration of independent businesses. many of these owners are looking for the economic space to breathe. hopefully it will help because, you know, you were in difficult times at my mom every once in

a being half we can put them on a just to, you know, pay the bills to fade on the table say. and he said, we actually seen shops, light to mind, for example, an east is difficult, but if you look up then high street, you can see all the shops are slowly sand to go. and if we will go in there isn't anybody 30 little bits money that they can then go spending big shops that they're gonna make their money out of. and the banks even got money going through the bank . you're not gonna, they're not gonna make money anyway. alex, so you're saying that to the economy needs to be driven, not just from the top, but from the bottom and the middle to i think it is denisa, so sorry about my work up. the truth is that years of asperity the pandemic. and now of course, the highest inflation in 40 years and most certainly the highest amongst g 7 countries. mean people are very, very reluctant to part with their cash. battling this economic downturn for the government will most certainly be an uphill struggle in the months and years to come. or to discuss all of this, i'm joined from london by office sterling,

the research director and chief economist at new economics foundation. think tank off. thank you. very much indeed for being with us within a few hours of this policy being revealed, it was already being criticized by investors. the list appears to be getting longer . is this likely to work how much like gamble is this particularly financially for las trus? well, i think the unfortunate thing here and actually i've been guilty of this myself in the past, is that this really isn't a gamble in so far as we actually know how this is going to turn out, that there were warnings before the budget that this would cause you know, or uncertainty at best in market because when you announced billions of pounds, a government spending that the, not a company that even with an economic forecast or a plan of how to pay for it. the market start to wonder, are you credible? and that was predictable, and without seeing the play out. but actually probably an even deeper level. this

isn't a gamble because the u. k. a spent 10 years now the best part of a decade. certainly prior to coven 19 doing exactly the same thing. you know, cutting taxes for business is a private individuals taken away the benefits, the richest, fastest, and everyone out and everyone else. and because we've been doing that for decade, we know how it ends and ends in stagnant earnings growth. the u. k. still got lower average re learnings done it had in 2008. it ends in crumbling public services. you know, we have grossly under resourced education hospitals. people have to wait hours for an ambulance, they have to wait potentially weeks for g. p appointment. and it ends in stagnant life expectancy there, there has been this very blunt warning that's come from the i m f in using language that it usually only uses for emerging markets as an indication of just how concerned the i m f is about this. yeah, i mean, you know,

i'm not to reach the point of view on these things, but it is striking that they've chosen to comment on the economy in this way. and it's just another indicator that the u. s. bending acquired rapid pace, it's institutional and political credibility. and you know, you see that now with government ministers coming out and talking about government ministers and government supporters and government outright is coming out and talking about financial institutions. beyond that, now the left wing economic bastions. when, of course it was quite the opposite. a few years ago. there's almost now, no one left. the government hasn't accused of being left way. i think the only thought of the homes that credibility, you can govern who's got to borrow billions of dollars in order to be able to pay for this. it's openly admitted that how difficult is it going to be able to talk to the funders? what kind of structure could it possibly use that is going to allow for the tax

cuts and other elements of this policy? because it's not just about tax cuts, that's going to make this work. so well actually entry point to government is desperate. of course not to borrow in dollars. so you can describe the amount of borrowing one of the currency. we like to be very keen to make sure the borrowing is issued in pounds and captain pounds as much as possible because that means they can keep control to some extent of the economic effects. but in essence, boring like this has to be painful in one of 3 ways. you can either leave that as an increase in that and work to make sure that pilot, that full time gradually as proportionate, the overall economy. and you can raise taxes to pay debt or to speed up the process by which fools relative to the economy, or you can do the same in terms of cutting public spending. govern has to do one of those 3 things. and it look like at the moment, the 1st of those, letting it to full naturally is it is increasingly problematic, specially well as my forecast,

governments don't leave attorney while markets don't believe that a viable plan. so that does then leave us the remaining to discover certainty. it's about to raise taxes. in fact, you know, the whole point of this budget was to cut taxes. so you are left with a final possibility which is a cut in public services, and the government has already told department to prepare for efficiency savings. now the extent to it's possible the political economics is it's hard to tell you, take a decade of cut public spending. it looks at this government is about to test. so the i m f is warning against it. we're seeing an increasingly long list of investors who are very cautious about this. even the bank of england says it's going to have to step in, in order to try to fossil if you like, some of it. but i said it's got the excesses there that the way that this is going to pan out is this policy actually going to be able to be put in place when there is so much negativity against it. and there are so many organizations who are

prepared to work against it. so i think the government is, is struggling toward coming up against that pressure. in the end, it's political pressure that will shape this. it was nice would have constitutional mechanism to prevent electric government from doing what it wants to do, of them losing political support and wants to see that cloud. but i think it's quite important to, i'm just reflect on the reason why is different institutions, both both in the u. k on abroad are worried about this. and it's quite remarkable because in men, in terms of the economics, if you cut taxes, that is, that is replacement. that means it should increase inflation because increases money in spending in the economy. that tends to mean interest rates can rise, which should actually mean that the pound get stronger. what we've actually seen is the pound crashing as a result of this is the inverse of what the object should. and the reason for that

is because the u. k. is paying a premium if you like, for competency and in competency premium when market don't buy literally, the idea of these tax cuts are going to lead to higher growth in g d p and therefore they're selling pounds not buying pounds and u. k, investors are investing abroad not at home, leading to claps in the currency. you mentioned that the government was determined to keep the borrowing in pounds. but what is the risk? do you think that whatever future economically the britain is facing, could spill over into all the markets around the world? what kind of influence do you think that could have is having an effect already? we've seen that over a fax and bond market outside the u. k. most notably in the u. s. so it's, it, it is certainly a bad thing, the global economy and it will become a drag on the global economy, the worse it gets. but it is certainly not a crisis, a global economy, the way that it is a crisis locally in the u. k. and for our neighbors, asi selling, thank you very much indeed for being with us. many facts,

ah, the u. k is new fiscal policy comes as central banks around the world, a shop the increasing interest rates to curb inflation from washington to jakarta. and nearly every major bank is making borrowing more expensive to try to cool down prices. the most widespread tightening monetary policy on record is raising fears about possible harm to the global economy. the u. s. federal reserve has been by far the most significant player in this shifting global economic policy making. it's raised its interest rate by 3 quarters of a point for the 3rd time last week, and signaling the more large rate hikes are to come. the european central banks expected to continue increasing rates in october fe cbw is now seen taking its own interest rate to almost 3 percent next year from 0.75 percent. now, the swiss national bank carried out the biggest height ever to its key lending rate

. ending several years of negative interest rates in switzerland, indonesia, taiwan, the philippines and the south africa are also among the countries where rates have been lifted. but unlike the rest of the world, china has cut interest rates twice this year. inflation in the country is far lower than in the u. s. and other countries. well, the dollars surged to a new to decade high after the federal reserve raised interest rates last week. it's mainly against europe's single currency, the euro, which fall below polity with a green back for the 1st time since 20 o 2, the dollar is up more than 19 percent against a basket of foreign currencies. japan's the latest to have taken direct action in foreign exchange markets to show up currencies. well, joining me not from boston, massachusetts is james mccann. james is deputy chief economist at aberdeen standard investments. faith good to have you with us. no central banks around the world. the use interest rates regular to control inflation,

but it's unusual to see them doing it almost in synchronization. how do you think this is going to play out? well, i think it just creates more headwinds to the global economy. i think when you have this coordinated or perhaps not, or they spindly, synchronize tightening policy, i think you get ripple effects that the not just through for individual economies, but 3 more broadly. you know, i think absolutely. that's why we're expecting growth to slow very significant to 2023. because i think some of these tightening cycles are seeing places like the u . s. in europe, a range of emerging markets to as they try to match what they're seeing in developed market financial conditions. and i think those are already so the a headwinds, global growth. and i think the riskier aggregate even more so. and if i understand correctly, one of the things that the central banks are constantly working against is time scale. because although they make these announcements, they actual bad the trickle down effect. if you're like, all of the kind of tightening and controls that they put in place isn't really seen

for months. and yet of course, they're trying to deal with an inflationary situation, which is a media and what kind of problems does that cause? i mean it's, it's extraordinarily difficult to central banks, especially when the fall in a long way behind. and they feel that they need to go really quickly in the summer urgency behind this tightening. so they need to just straits rapidly. the difficulties, as you've mentioned, they're not going to see the full effect of that for a long period of time, potentially 6 to 12 to 18 months. and so in some ways that flying blind, they can look at leading indicators of activity, especially an interest rate sensitive sexes like the housing market, like turbo goods, etc. but the difficulty really isn't for bankers, they know they need to get a policy type. and they know they need to slow the economy, but they don't really know in real time when that happens. so i think the risk to them is that they deliver a degree of over at tightening. and actually, what we see is group starting much more than they intended to 2023,

a lot of the inflation and situations the finding at the moment or down to things like the war and ukraine and delays and supply chains as a result of that. but also, of course, from the pandemic, none of which is under the control of the central bank. so is this really the best way for the banks to be able to deal with this when those elements are things that they simply can't influence? luke, there's no doubt the central banks have had some helpful shocks in the form of energy prices in the photo who prices in the district global supply chains. but really, i think when they look at their own economies, that really face with the, you know, really concerning and balances, you know, the us labor market. and so metrics is never locked tight, and it's generating more weight pressures. so, you know, some of these, you know, perhaps transitory as a way we spoke about it last year. but some of these international shops hot up. but i think when they look closer to home, they do see a cover. these posts are showing huge and balances,

and those balances are creating inflation. and i think they realize that they have to act slow growth at the very least, to try and bring those and balances back into order. but i think that he's going to be a tough fast without maybe just so much that you move into recession, you know, the inflationary pressures that we're talking about. of course, are not all the globe. we're seeing growth slowing down in china and europe as well . again, how difficult does that make it for central banks around the world to try to, to, to carry out this balancing act in the face of different markets moving at different rates. there is a degree of dislocation going on here. and we know, for instance, trying to see the credit of an economy, some of our economies and the feature as well as showing the characteristics in which is knock off these inflation. precious recovery for cobra hasn't, hasn't be robust. and we know they're still suffering severe disruptions from, from, from their cobra policy is they look to keep it laid on tribute cases in that country

. and so they're not seeing the same degree of inflation crashes because they're not seeing strong growth and strong recovery either. so that their policy is moving counter cyclically. and so examples to kind of become too tiny, creating quite a lot of pressure on exchange rates. this is policy divergence is talk to people that generates its own issues. so i do think, you know, you're getting this degree of global divergence. i think the pressure is in general to what we could growth, but it's creating a strain. but unity for vessels i suppose. but, but strange dynamics, we get a pretty large extended moves in currencies. and i think that creating narrow headaches, especially big export countries. but so be trading nations like china and the central banks around the world obviously worked independently of each other. but the driving currency in the world is of course the us dollar. it's certainly one of the top few. so what am significant does it have the fan how the fed reacts to this?

because really, it seems as though irrespective of what other central banks do, it's done to the us to really drive this. it's all just plays a critical role in setting global financial condition. it's, it's role as a result currency just, it's now even though the u. s. a company is normal itself and guess i action that got given the role, but the dollar plays the system. so there is no doubt that the policy is, is critical in having an effect on financial conditions across a range of markets, particularly emerging markets. that's one of the reasons why we do feel that if the u. s. economy goes in recession next year, as we, as we think too. and that's driven by a significant tightening cycle. that, that leaves a lot of countries, hon. both through that finding a financial condition selected by that stronger dollar that rises us interest rates . and also then by the drag, we a u. s. in austin, a u. s. consumer i t. c u. s. is really

critical illness and still place it's a global financial condition is to some extent, at least good, happy with us some times in the costumes. mccann, thank you very much. and then keep indian movie revenues have risen every year for a decade, reaching around $2000000000.20. before the pandemic started. but most recent releases have bombed at the box office. on bollywood domination of the indian film industry appears to be uncertain. producers are taking a novel approach to attract people back to the cinema as poverty, metallic reports from new delhi moviegoers are in for a treat. it's national cinema dane, india, ticket prices have been slashed to less than a dollar. many shows or so it out properly. i got this a good read and then giving up funds and betsy puppy. so it's really nice that i don't know how to put them on the way that i liked spend so much amount of money to

actually go answered in here does the waterloo, hindi cinema often called bollywood is in crisis. one estimate suggest 90 percent of films released in the past 4 months have bombed at the box office. good, luckily schwarzenegger, this thing, but laughing gentile was one of the most anticipated movies of the year adapted from forrest gump it. stars, one of india's most popular stars, armor con, poor attendance, forced theatres to cancel. hundreds of shows. in the cinema is a multi $1000000000.00 industry and one of in just soft powers. it struggles a part of a global phenomenon. the pandemic has changed how and where we watch movies. many people are also cutting back on entertainment expenses because of inflation. meanwhile, streaming sites have enjoyed an increase in subscribers. there's also a growing competition from regional and global cinema. so those people who are used

to their stable fed up in the movies and are watching movies and domain that are going well. yeah, them are watching french and spanish shows and phones. and therefore, there is a certain broadening mouthpiece that has happened and sudden movies which were made in a bree by naming scenario for a certain type of audience that audiences change now. yeah. oh, this chart topping song and recently married couple created a buzz around from master is super helpful is rooted in indian my thought a g it open to mixed reviews, but back here does what it promised. so what happened is they are wisconsin spectacle and there was origin story kind of thing. and, you know, i think a lot of children were very interested in our, you know, though the, the coolness of a, b, c, marvel, or dc universe where there's a lot of special effects and all that kind of stuff. so there are different curiosity about the what we produce as

a filmmaker need to take creative ris. several big budget firms are releasing soon . the industry hope these will return some of the shine to the silver screen. very well idea is the world's 2nd largest producer of movies, but normally would, as it's known, lacks the resources to compete with hollywood and bollywood. i'm an interest looks at the challenges facing the sector. this low budget firm is expected to be released on streaming platforms in less than a month and with good reviews, it may make it into the cinemas worldwide. it was producing a budget of $10000.00, but the director says it took a lot of convincing to raise even that relatively small amount. lisa, lisa says that there is a fund, the fund is right. don't can produce it willis unless i normally would use

a 2nd biggest film industry in the world. it chance out an estimated 801000 movies a year for make a say a lack of funding is holding back the industry despite the number of productions fuel banks and businesses are willing to invest in the sector. and that means paul, in future comment and law pay for crews in 4 years, sandra acoya has appeared in 50 funds, many of them in the lead role. despite her success, she doesn't earn enough. when the pay is not enough, your leg or clone. how is this going to be enough to take care of me, my well being and all of that, or the most important thing to have is the passion to break even wasn't easy. none would movie struggle to make a name for themselves in international market, dominated by hollywood blockbusters and lavish followed productions. so distributors like chick is, is ok,

provide platform street naval low budget fund to reach as many viewers as possible . it's promise and it's some sin that's awesome, that's good. millennials, tots in is not really really that big boats. those i've been there for a long time. the actually cautioned industry leaders say improving quality originality will help nigeria compete with the best in the world? as long as we do things that are indigenous, you brody technology bringing the equipments? yes, fine. well, let the stories continue to be home. groom there is a little cup on support for the sector, even though it contributes 3 percent to niger as an old course, domestic product. until more money is invested in of grading equipment, no lute friends will have to make do with original story lines and promising talent . but in fia productions, i and that is our show, but this week. but remember, you can get in touch with us via twitter,

use the hashtag angie seat and see you do our job as an email. our address is counting the cost at al jazeera dot net, but there's more for you online at al jazeera dot com slash c t c. that's going to take you straight to our page, which as individual reports, links an entire episodes be new to catch up on. that's it for this edition of counting the cost. i'm rob matheson from the whole team. thanks for joining us. the news in our museum is next. it's time for a memorable holiday with pegasus. it's time for turkey. set sail for new discoveries. enjoy. have new experiences. hit the shops, make wonderful memories. travel to turkey with pegasus, and with direct flights to istanbul and tribes of book your ticket. now for

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