that most people will just see an attack on an excuse and, and i'm concerned that they could send the wrong message to the broader audience. and i'm afraid that the actions mostly speak to the community of people who are already firmly convinced about the necessity to i can climate change, but my dump agonize a large segments of, of the public. any, no way i would see that the sections are picking us back was i think that, right, know, most people are concerned about climate change and most people realize climate change is the reality, including in the daily lives. and i think that we should no longer saw the fire, but we should write out the fire in full days. we will need more than just sounding the alarm. we will need to explain people what they can do. they can mobilize themselves and, oh, we can transform society collectively. ah,

this is out here, and these are the top stories now. iran has admitted supplying russia with drones that are being used to ukraine. but it says they were delivered before the invasion began. ukraine's preston has accused her out of lying about how many drugs it sent to russia. us present, joe, by the says the midterm elections will be defining moments for the fate of american democracy. biden addressed, democratic rally and pennsylvania. he's been campaigning with former president brock obama voters as the pose on tuesday when. meanwhile, former president donald trump, has spoken to valley full a republican who's running for senate. and fisher has more from washington or donald trump believes that a victory for the republicans in the mid terms would be good for him. first of all, if the republicans take over the house, they will stop the january 6th investigations. and also they believe that they will start investigating joe biden, who could well be donald trump supported. if he decides to declare that he's

running for the presidency again in 2024. so anything that damages your biden would be seen as good for donald trump, and he would build any electoral success on the backs of a good mid term result for the republicans. italy says it will allow the docking of one of 3 ships carrying refugees rescued from the mediterranean, but only for health checks. one will, people will be allowed to disembark and the ship will then be sent back to international waters. back a stance, prime minister has rejected him ran cons, accusations that government figures were involved in an attempt to assassinate him . chabarise sharif pledged to resign if there is evidence. he was behind the attack for testers in gartner's capital are calling for their present to step down. as a country faces economic crisis. soaring, inflation has squeezed families budget percent non cooper. ardo has been hoping to

get support from the international monetary fund. his opponent say he's failing to tackle the crisis and police and that peruse capital. lima have used tear gas against anti government, protested demonstrators marched on congress to them on the resignation of left his president treasure castillo. the attorney general has accused him of leaving a criminal organization within the government or those are the headlines. the news continues though, here on out to say that's after counting the cost. abortion has been turned from a health care issue into a policing issue. there are no 2 americans in one of them, women of lost the right to control their own bodies. if a woman can't do that, she's never gone to receive ultimate equality. fault lines follows a group of women, forced to travel across state lines for an abortion. we heard them right by the day and examined what it means to live through the end of ro

ah, hello, i'm molly inside. this is counting the coast on al jazeera, your weekly look at the world of business economics. this week left us leader looted silva has made a historic come back in brazil to govern latin america's biggest economy for a 3rd time pledging to tackle hunger and poverty will have succeed. also this week spending big to tackle inflation in japan will cuz she does $200000000000.00 stimulus package, ease high living costs, or will be forced to move away from the ultra loose monetary policy plus lab grown diamonds to taking the shine of more expensive mind jim, we have

a look at why the man made jewels that becoming increasingly popular among confuse louise, enough to lulu to silver led brazil during its economic boom in the 1st decade of the century. he is now back his it's president for a 3rd term. also defeating j. u. bolts narrow by a narrow margin. but running the country now could prove much harder than the last time he was in charge. politically, it's hugely divided. it's short of cash, an economic growth house load. and lily has made it clear. his priority is pulling millions of brazilians out of poverty, which he's done successfully before. he went to international fame for building an extensive social welfare program during his 20032010 tenure. but it wasn't all rosy . he will also be remembered for the administration's involvement incorruption, which led him to being jailed for $580.00 days. his convictions were later nulls by

brazil's top court. when the president selected the no greater in january, he will take control of an economy that faces numerous challenges. believe that has given only a few details on his economic plans, he's expected to put the state back of the center of economic policy making and move away from the pro market model of the both in our administration, the president elect said he would push congress to approve a tax reform which would exempt low earnest from paying income tax is also pledged to abolish a constitutional spending cap to allow the government to spend more on social projects and infrastructure. the president elect has also promised to combine responsible fiscal policy with social responsibility sustainable development. he's also pledged to put a halt and legal deforestation in the amazon. joining us for a massage job in u a. e is hider luko,

a condo dean of the college of communications at the university of georgia. i'm a latin american analyst when he, thanks for joining the program. now, on the campaign trail, lula offered rather broad short strokes of his economic vision that was putting the state at the center of the economic development. what do you make of his plans so far? well, is it interesting? because mr. rule of the, the few who are b now is going to confront a completely different scenario from the why having is 1st government. in this case, we have more than the prices that have come down in the market, which is a stark contrast to the time in which he was pressing the 1st time in which commodity pride prices are on the rise. the other thing in the debt, the brazilian national debt, which is to bubble in between now and 2027, it's a huge problem which will demand measures of cutting public spending and bringing it will say to some of the international debt and agreements that you'll have and

also mr. rule and i will now confront the both that is not in his favor. and also i see the governorships and municipalities which will be in the hands of the position. so it's going to be very tricky right or wrong. and it will be a trying to prove himself and he's a state person capable of managing the challenges in, in front of him. so i think, you know, there's always the risk that when your income paying you tend to offer more than you can deliver. and it's all about managing expectations and senior america can go very far, very quickly to elected one of the going to power. he's promised not to make the same mistake as his predecessor from the workers party delma recess, who was accused of economic mismanagement. when you do things differently,

you think, well, i think we need to also correct the mistakes he made the 1st time were cases of corruptions were wrapped around. remember, the, you know, the 2 biggest scandals in latin america in the hall of luck in american colorado. the over coach, car, a construction company and, and also all the cases of corruption were ran for his time. so i think one of the things that he has to be careful is the management of public funds and making sure that he a point, the people who are responsible for this bond, making sure that transparency and accountability prevail. because he's not only about correct in the mistake done by the math, but all or mr to as well. so not a rule to make lots of mistakes. what about his own mistakes government? so he's being elected on our great expectations and, but that also comes with a lot of responsibility. he's also promised to tackle poverty tackle inequality. i mean, that's his big thing,

but can brazil actually afford to all that social spending? and he's promised, well, you know, it all depends how climmer and skillful he's negotiator of the international that are, i think there's more, but it's still a very strong industrial power in the global south, in terms of some of the export is still very well place. some of the areas in the economy are relatively relatively good. so i think you have some maneuver, but he doesn't need to appoint the right people. and that's going to be very difficult because he came, you know, very complex arrangement with ally to power. so there's a lot of the confusion of power that makes a big break and the french who, what they are prior to dollars there. i think here we are confronting our case in which the challenges might overwhelm him. if he doesn't have the right team. and if we doesn't empower this team to actually this is the fact that me in particular

area my, my main concern is about political capital that can go very quickly i, if you revise my own kit, twitter a call back in the beginning of all was where most of the policies are saying that the document was going to win for a margin 1750. and when i was saying that the margin of victory will be just one percent that i effectively predicted. because, you know, there's been so much about conflict situation that people, p e, you know, the legacy they left in the book and the government over by the governmental v. my was a legacy that included huge cases for corrosive. people have not forgotten those things and, and also in all the areas like even important people when we cannot forget that people protested in brazil by the fact they are building huge stadiums. and when you get all this money in huge parades and big events around the world come when they have

a huge need to the company, people have really upset and really ghastly about that you paint a very, very bleak picture for him. the state of brazil's economy, what can he do to turn things round? can he bring brazil back onto the map? yes, of course. and i think one of the very interesting development is the new i lived in the i've been brick state. i think that. but if you have the very important powerhouse of industry that they can do, i think that even if you need to do the program they can do be done in a very clever way without affecting the point. and with doing it, you know, way that it consumes into the industry. i think the government will have lots of weight in the areas that are not really dot and, and that of a priority. and, but there are other like implication, hell and october deviation, which he can do

a lot. and i'm sure the instinct maker that you are there are, but it's all depends on the ability to appoint our team that is used. that is a comfortable that is transparent and overall the is efficient i i, i think you have an opportunity to great opportunity all becoming, of providing on even upgrade legacy over progressive government that can make important changes. sounds like he should be hiring you on his team. really good to talk to hi to luka, a condo dean of the college of communication at the university of santa thank you. ah, japan has been battling deflation for years and has kept interest rates near 0 to encourage businesses to invest small to help stop prices falling. now this edging globally and central banks are raising barring cost to tame inflation, but japan is maintaining its loose monetary policy. instead,

the prime minister whom you casita has announced a $200000000000.00 spending plan. it can go, you know, my taiser grew up these holistic economic measures ought to overcome soaring prices and to realize economic reform by addressing soaring prices and the economy holistically. i will protect the lives employment and business of this country and push our economy forward for the future. according unity as g d, b, or young, then rock pass central or c. with these measures, i will push up the g d p by 4.6 percent by decreasing the electricity price by 20 percent, while keeping the price of oil from increasing current. i will make the consumer price index it down by 1.2 percent you target. while the prime minister says the overall size of the stimulus package is expected to amount to more than $490000000000.00. it includes subsidies for household electricity and gas bills and

coupons for pregnant women. some money will be allocated to offering companies more incentives, increase wages, as well as boosting tourism. an export. the government will submit an extra budget to fund the planned parliament next month. you'll be mostly financed by issuing government bonds or from you to see to unveil the stimulus package just hours after the bank of japan stuck with its policy of rock bottom interest rates. that's despite the countries rising inflation rate, which was at 3 percent in september, though much lower than the price rises in the us in europe. the countries currency is hit 32 year lows against the dollar, and the japanese authorities have carried out at least 2 interventions to prop up the yen. joining us from singapore as myself, helium, so senior japan economist of capital economics, thank you for joining the program. so why does japan have a relatively low inflation rate in comparison to the rest of the world?

there's lots of factors behind it. i mean rachel in japan is not freshman's to blue mark conditions. so it's still just around one to 2 percent become and it's also pushing back hard against rising prices with some of the the price on is controlled by county government policy decisions, debt prices up at a rising, and also introduce the supply short just that help back help because they created be increasing goods, inflation. lots of bumps colonies. remember that's pronounced big supply chains operated better. it's a range of factors that are keeping the lower than elsewhere. ok, relatively to most other countries. inflation is low, but by japan standards it is high. so why won't the bank of japan raise interest rates like every other country around the world is during to keep inflation down. and it would also pop up yet, wouldn't it,

which is also been in freefall. it would probably pop up a little. it's a, it's right that the currency of any major monster economy has all against the bulb this year with some of them for nearly as sharply as, as yet, even with center, by typing rates quite aggressively. and the main reason why the banks, japan is, is not typing policies that is more convinced you find facial rates going to stay. when about, about one 3rd of the current inflation is driven by energy prices and those already coming off the boil. and the other big increasing pressure to be driven by the weekend. so one central banks elsewhere stock of hike the straits, which we expect to happen sometime next year. then the yen will probably stop weakening and that upward pressure on the place is going to subside. right, it's the external forces that they think are putting up the prices. so what about the stimulus package? how is the stimulus package going to help reduce inflation?

the main factor is that the government has pledged subsidies to, to electricity prices. nice. we're not interesting gas prices alone, contribution about one percentage point to the 3 percentage on rise in place to buy one 3rd of all patients to buy this. and as it happens to become and we'll, we'll introduce a subsidy or on 20 percent or 20 percent, which will fully offset the current increase in prices. and we'll, which will take off this, this one percent increase in price for inflation will be back below 2 percent on our forecast by and maybe the 2nd quarter next year. and that in turn, will also pushed on inflation expectations and should help to prevent all, well, she should help prevent from rising wages even though it's not happening. but will this package stimulate growth at the margin? yes, i mean the, if households have more money to spend,

they might spend solve it. but the problem, the savings right, is quite high by, for standards at the moment. household not, not sticky in the move to spend consumer confidence is very low. so it's, i wouldn't expect fireworks from it. japan as a huge public debt. can they afford that huge funding package? yes, they can. i mean this is, it's a bit of a confidence trick. as long as the bank can, can convince investors that it can defend its tend to your target and keep interest rates talk to 0. then even very high debt levels are easily affordable. but obviously, if investors to test the commitment and the bank were to let loose of the target, then the that that level could quickly become unsustainable. now the view is that the bank will be able to defend the targets because of the pressure on, on overseas constraints will start to subside sometime next year. and that in turn means that the, which probably deadlock is animal. the bank of japan has stuck to this policy if

ultra low laid low rates for a very, very long time hasn't really worked for them. i think it has. when the bank started, we had we saw this falling before wasteful negative. now we leased and we saw this from its way 12 and 25 years. inflation is finally started to pass the, the 2 percent inflation car. and if only for, for mostly because of the weekend, obviously high energy prices. but clearly things are moving in the right direction . so be the deflation that has played for the last 3 decades is not behind us. what about the depreciated yet it's not putting political pressure on the government? yes, i think that's the, the one area that could potentially trigger policy change because obviously we have govern the current bank. japan governor wrote us tenant will and next april. and the government has to appoint a successor. at the moment, it looks like the government will appoint someone in the similar mold to govern

across to someone who continued to, to keep monetary policy loose. but with the weekend pushing of inflation in the public increase the unhappy about that it a, it's an outside chance that the government will nominate someone who ends this whole policy experiment and starts to tighten policy ever so slightly globally. we're looking at many of the big countries heading towards recession in 2023. what is you out? look for japan or growth is going to slow, but i think japan is, is catching up with the rest of the world because it had a much tighter stance on, on the virus for a long time. only recently started to live with the wireless. so households have yet to, to please return to normal ways to topple savings ready for quite high. so that will mention we'll, we'll keep the economy going into next year, even as other other countries and recession myself on senior japanese economist,

the capital economics. thank you. so much for your time in diamonds all forever diamonds are a girls best friend with all her expressions. they are the ultimate accessory if anyone who can afford them. but they are facing growing competition from lab grown ones which are chemically and identical, but up to 10 times cheaper. the man may gems are increasingly attracting consumers, as well as the wealth biggest jewelry makers. and the share in the market is growing fast. well, the industry is estimated to be worth more than $6000000000.00 and sale a figure that is expected to double in 2025 days for mart showed the sales of engagement brings made with lab diamonds, jump 63 percent compared to last year. the u. s remains the largest consumer market for lab grown diamonds by far more than 80 percent of the demand. india is among

countries, but so a sharp rise in the exports of the man made gems in 2019. what? $443000000.00. that's up by more than a 100 percent year on year. to discuss all of this, i am joy now by ellen. young connie allen is the chief executive officer. i have a tardy antoinette, which grades lab grown and natural diamonds. thank he so much for joining the program. ellen. i have to admit when my producer told me about this topic, this was the 1st not ever heard of loud groan. diamonds. can you tell us exactly what they are? are they real diamonds? well, they actually are from a military perspective. so natural diamonds formed naturally 150 to 2 under kim is deep within the earth, approximately 2 to 3000000000 years ago. oh, even at that time when the data source walked on the earth's, so a diamond needs and you have to have found this combination of high temperature and high pressure to form. it's actually the purest form of carbon. now, what is

a lovegrove diamonds? we're going, he's man, mate. so we going to imitate nature. we're going to create the same circumstances. that is what happens in the earth starting of that carbon ion mineral. are we going to create high temperature and high pressure? and we create a kind of ra diamond will be mutual for the same process of natural dancer. we'll cut that while a shirt and her and her and put it on my to, to live in a jewelry. so actually interesting thing is that it has the same physical chemical, an object called properties as a natural diamonds, except that they are grown in a lap. not really a nature aven investment though we talk about say gold being an investment is, is it the same sort of thing? we're talking about value here. and this is actually a personal matter and depends on the purpose of the wishes of the buyer to consumer . the only thing we know today is friends with other laptop diamonds is around 30

percent of the value of a natural gas, which means 40 percent cheaper. but what their value will be true or the years remains uncertain. in case of natural language, we can more easily conclude from stock. it figures that to day that they are pretty reliable, long term investment. so at h r the, we don't take a standard, what it's better, what is more words? but it's, like i said, it depends on your personal wishes versus the most important is to offer transparency to worse or final tests that they know what day i didn't buy a lap grown or did they buy a natural what about the carbon footprint? i mean, he using all this heat in order to tend the carbon into a diamond, does it have a good carbon footprint or a bad come footprint? this is also all about marking to weigh like grand diamonds or markets or the marketing people are putting them in the market. is that's rather the best part about it because it's not transparent. so you have to look at the complete value

chain. so how is the diamond produced? so if you have a electron diamond factory and a use sustainable or renewable energy that it could be compared to a natural one, that it's a carbon footprint is slower. but in many cases, it's not, sir, it's really not the case that has a need of 2 men of huge amount of energy and heat to create electron. regardless, we are seeing a demand for lab ground diamonds grow up. what's behind that growth? well, i think i become denied the power of marketing in this case. so he especially see an enormous growth in the us. and i think many factors can contribute to that. also difference in market share because the growth in the u. s. is much higher. frances, that in europe, and i think the lobby in the u. s. is very well organized. lobby has been huge budgets of the promotion of lateral. and a 2nd reason is pricing. so the growth of the lab drone in america,

they're much more sensitive to the price when they buy a dietary incorporate comparison with the u market. where sustainability, the story, the ex passivity of diamonds are part of the buying process. what about the ukraine war? has that base to demand for lab going diamonds? yes, well, we're definitely had an impact on both products at russia is the largest producer of natural diamonds in the world. not in value, but in currents at produce approximately 40 percent of the worldwide production of natural islands. so due to the sanctions that the u. s. a, d u, k. and canada, many other big country. so large countries, they have an impact on the big retailers who so who to stop using russian diamonds in the jewelry. so i don't have to tell you that the price is that we're already historical. hi. kept going, keep going up. so this was an opportunity for the lab drone, a tremendous opportunity for the lab drone diamonds are so they had

a sales bump of 40 percent it 1st quarter. but at the same time, we noticed that the lab room produces were not prepared for such a bump. especially in india, where they had to switch back to the using natural diamonds because of massive, so shorted at. so what do you see as the feature of the industry will lab grown gems over take natural ones at some point to all that's just not possible. no, i don't, i don't think this lepers an opinion. i don't think it will. so there are no indicators today that the diamond industry will fall back in the long term. so they're, you know, the multi faceted, literally and figuratively ah, are, and they're, they're really deeply rooted in our culture. and in many cultures as a symbols of love and purity. a manmade diamonds is not the same. and then also, more recently, we also see that a diamonds are becoming an investment product. so in china, for example, it becomes more and more a trend where people invest in diamonds because they're very easy to keep on hand.

so the volatility of the stock markets and the uncertainty of economic changes make diamonds a good investment in the long term. that was ellen, young cree, ellen, as the chief executive officer of a $20.20. thank you. you're welcome. thank you. and that is our so for this week, get in touch with us by tweeting me at molly inside and d is the hashtag a j ctc. when you do or drop us an email counting the costa algebra dot net is our address. but there is more fee online i out, is there a dot com slash ctc website that will take you straight to our page, which has individual reports, links, an entire episode, spin you to catch up on that's it for this edition of counting the cost i money in site from the whole team. thanks for joining us. the knees and our desert is next. ah

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