tv Counting the Cost Al Jazeera December 1, 2022 2:30am-3:01am AST
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or they had maybe 10 years ago i carry, we'll get a may who i am from a, from that group i moved to groups e at after all, sorry. decided on thursday with their fargo rounds of matches. it's a $1500.00 gmc kicked off morocco. as i looked to qualify gets canada alto mata stadium at the same time. co aisha, meet belgium at about the big elise stadium. and that's followed by a 1900 gmc kickoff of spain take on japan. that's actually for stadium, with germany, play costa rica at our bites. sorry plenty to look forward to untie. 12 all cattle . 2022 or 3? we'll have it all covered right here on out. is it a la be fleetwood mac, singer songwriter christine the has died at the age of $79.00? 0, with the v sang lead vocals on hits, including everywhere,
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don't stop. and songbird, the stars family announced her death on social media. sang. she passed away peacefully in hospital following a short illness. the band has remembered mcphee as one of the kind of talented beyond measure. ah, a quick check of the headlines here on al jazeera democrats in the us house of representatives of chosen hakim jeffries. as the new party leader, the congressman from new york will succeed nancy pelosi in january. jeffries as the 1st black person to lead a major party in congress. the u. s. military has confirmed that the leader of iceland has been killed in an operation carried out by the free syrian army in october. about al hassan. i'll have shami al karachi was killed in a southern province of that. r is a 2nd isolated to be killed this year. she had baton, she has more from washington dc. this actually happened in the south. this will now
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be the 4th leader off i. so since i will who bucher all back, daddy was killed in october 2019 by the us. his successor was killed in february also by the u. s. a. but i think what's interesting now is that we have this killing in october by the free, serious all me. and i think just the last interesting detail perhaps is it is the free syrian army who conductors right according to this operation, according to the, the u. s. at least 15 people have been killed in a bombing in northern afghanistan. it happened that a religious school and a back and that's the capital of some gun province. at least 20 others were wounded . the interior affairs ministry says students are among the dead. no groups yet claim responsibility. they've been dozens of bomb attacks, not gonna storm since the taliban takeover last year. friends present him on your macro has kicked off his state visit to the us with a meeting with vice president. come le harris. he said to meet president joe biden,
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for talks in the oval office on thursday. the parent discussed us french corporation as well as the climate crisis and the war in ukraine. nato's disgust, sending more air defense systems to ukraine, has foreign ministers met in romania for a 2nd day of tools. the alliance pledged its unwavering support to russia's neighbors reassuring moldova, georgia, and governor, which will fit being destabilized by moscow. so those are the headlines and he's continues here now to 0 after counting. mccaul, thank you. thanks for watching bye. for now, as we move into the 3rd round of the great, some teams can breathe easy, knowing that place in the no county already secure the others. they know that journey is coming to an end. for many, it's time to the big deep focus is there's still plenty to play for us on our ah,
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i hello, i'm the whole robin and this is counting the cost on al jazeera. if you're with you look at the world of business and economics this week and historic loss and damage fund was adopted at cop 27. but will rich nations really compensate poor countries vulnerable to global warming? or is it just another empty promise? also the sweet britain faces the sharpest fall in living standards on record and economic outlook is gloomy tongue. the government's fiscal plan and austerity measures ease the countries pain anthy for her scores beg with the cut out world, cut planning, revenue of $7500000000.00. we explore the role of intellectual property in sports business. ah,
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wattenberg, i'm. it was one of the most contentious issues that the cop 27 summit wealthy nations have long refused to compensate poor countries struggling to cope with the effects of climate change fairing legal liability. but after more than 3 decades, diplomats from around $200.00 nations made breakthrough and agreed to establish a loss and damage fund. the deal was a big win for vulnerable nations who bear the brunt of flooding and droughts. despite contributing far less comparatively to the carbon emissions that are causing global warming. well, the funds would include contributions from developed nations and other public and private sources, like the international financial institutions. but full details of how it'll work and which countries will pay still need to be hashed out at next year's climate talks. and despite the breakthrough on climate finance, the summit failed to deliver on phasing out the use of fossil fuels. madagascar is
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one of the world's poorest countries that's been ravaged by drought of successive cyclones and tropical storms. the u. n. is called the countries famine, the world's 1st disaster induced by climate change. but many people disagree with that assessment, blaming poverty and poor governance instead. nick clark reports are from a ladder in southern madagascar. when crops consistently fail, you take what you can find. who cares if normally only cattle eat cactus and boiled up, it fills a gap for a while. lee had his own tea and it had been an hour. poor dick. she, she, the village is in a very bad situation. no food, no water. that is the biggest issue in this region. we need help to solve this because people are living on cactus. that's all there is a run. ha ha. in the regional capital of amber bombay. a woman has brought her 7 month old daughter to hospital after she became seriously ill with
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diarrhea and vomiting. it's 0 i how may i be found when i can get them in every day? it what the peak up along the road. like with cactus fruits, i'm exhausted and i just can't breastfeed my baby because i'm so hungry. i have no make in my present. if there is no food, we just like water and slip in here in the malnutrition unit, they're preparing for big influx in december and january. we're going into what is called the de leon season. so it's a time when it's very difficult for families to grow their own food, harvest their own food, there's a lack of rainfall we expect cyclones to start appearing sometime in the new year. and so this is the time when families are really forced to forage for food. and so there are estimates that around $480000.00 children between now and february, april of next year, may need to be treated for acute now nutrition. ah,
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it's not that the food isn't there in above always market. you wouldn't think times a hard, but these goods mostly impose it into the region and spiraling prices, push them well out of reach of the poll. hundreds of thousands across madagascar depend on outside support from the likes of water aid and the world food program. here the government is delivering fertilizer and seeds to farmers and they need all the help they can get. but if has no rain, no amount of fertilizer will help. now the you and call the family here back in 2021. the 1st 5 men pause in the world, certainly by climate change. but a lot of people disagree with that. they say it's down to poor governance and to poverty. the truth, i think it's a combination of all 3 climate change that it's wreaking havoc around the world. quoting devastation here in madagascar, poverty, 90 percent of my the gaskins live in poverty and poor governance inside and outside the country. for the people, though, it's all irrelevant for them,
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these times is simply known as cat a. the hunger to discuss all of this i'm joined from rotterdam in the netherlands by patrick the quinn. patrick is the chief executive officer of the global center on adoption. good. have you with us all in counting, the cost, developing countries have been fighting for nearly 3 decades now. what change has happened to allow this situation to evolve right now? well, i think it has changed. so how for 30 years indeed, developing countries have fights at full moral justice to end the climate, a part regime where the global more for the polluting and the global suffering. i think in at cop 27, developing countries made very clear this has to and, and they were very unified in their stance. the defining factor in why there
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is no, it is a global found on loss and damage is that the european union accepts it is sort of the fundamental moral injustice. there were the 1st ones to basically say ok, we're willing to compensate for the losses which you experience. but what we need from you in a ton is a strong commitment to 1.5 celsius goal, which is that the world cannot warmer, more than 1.5. so that was the sort of package deal in charbonneau shake. was it an off time? will tell, and it is as you say, you know, about the compensation. it was a, a hard fought acknowledgement of climate damage and who bears the responsibility to pay for the repair? i mean, what type of the cost will it be in a for developing countries to say justice has been achieved? when we know sometimes the physical materialization of money in the pot is when
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success can actually be seen. but that is precisely the right point. indeed, i think it's a, the mental breakthrough that the fund is now there. but let's look at the details. the negotiation dictated it. in the next 12 months, the fundamental modalities of the fund still needs to be opperation life. how much money, who pays? whereas the money going to come to, i mean that's all still up for grabs. so to say, as part of the next 12 months compensation. but that we have a fund right now is basically a matter of trust in the sense the global. busy may have no promise to deliver this, but as you said, in reality, in the last years, we also have seen that the global north is not really reliable in delivering what they have promised before. shake the pair as agreement commitment. the global more cap promised a $100000000000.00
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a year flowing from the north to the south. how much is flowing to day? $80000000000.00. so we still far short and not, not necessarily optimistic, quite frankly, in this regard. so that this money will flow, at least that it will flow at the scale required, but also it will flow at the speed which is really determined by the climate crisis for the you should talk about sort of who pays and who benefits because but in indeed has also been a controversial issue as well because china is considered, for example, as a developing country. will countries eventually agree on that so as to who will end up benefiting from it? because of course, oxford university research, benito said it might just be what he describes the placebo fund. well, let's zoom out for a little bit. i mean, what we see in the last 10 years. another fund was negotiate. it was a nouns were big fund far 20 years ago. the adaptation fund was being put on the
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table requested demanded by the developing nations and say, you know what, we are suffering someone needs to pay for the adaptation costs and infrastructure in future care. ready. and you will find jobs. well, how much money has been put on the table in the last 20 years, in total, under $1000000000.00 a year. but that's of course, a big number, but what are the need for developing? well, just africa alone need $52000000000.00 a year. so all funds are ready in the u. n. system, which were fought for for many, many years which were agreed to for many, many years, but which are under funded risk pin. the trick them, because if you tell us funds how influential the international financial institutions that are also now in theory, going to be contributing to contributors to this, how do they change the equation? but that was one of the sort of the breakthrough moments,
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the real historical outcome of cop 27, the climate from it in egypt was that for the 1st time, the multilateral development banks, the world bank, the african development bank, asian development bank. and i am f, y front and center wanted parties agree to day news reform. why? because climate risk translate into financial risk into macroeconomic risk. so day now is an agreement that the well bank will reform its business model that it will not just be traditional development, but climate smart event, which means that every dollar, every euro, which goes from the world bank into the fields, will not have this climate lend provided to it at the end of the day, it is not about the millions on the table at the end of the day is quite frank, not even about billions on the table. it's about shifting the premiums and for that the finance institutions which we have designed since the 2nd world war needs to
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become fit for purpose while bank come fit for purpose. but a challenge is up today, and that was one of the fundamental outcomes call 20 summer patrick, very briefly that yes, in an ideal world, that the finances would work in a way that could help developing countries and continents like africa and parts of asia. but then you also have those issues of conflict and we're seeing now obviously ukraine and russia and how about impacting not just on europe on the rest of the world. so therefore, germany, for example, is now burning more coal. britain is talking about it. these are where you might say a spammer is thrown into the cogs, the wheel of development and sustainability. nobody can predict it, but it does happen, doesn't it? how long do you think it's going to take for you might say the will to readjust if and when pieces declared between russia and ukraine? yeah, so what we see now is these fundamental systems shock. you mentioned ukraine,
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but also not forget to recovery from cobra. would still is hampering many economies across the globe. and on top of that, there was the climate of crisis. what for me is fundamental is to realize we can talk about reparation recovery, but would it not be better to put our investment, but typically in the low carbon pathway to stick to the mitigation targets, which we have promised since 2015 that was in my world a big loss from shawn, i'll shake, we didn't really increase our ambition. what we promised last year we would increase our ambition. do we use a common footprint we didn't deliver? what we did deliver is a fund without money in its mean, is that enough? certainly, it isn't on your question in terms of how long will it take? well, obviously the conflict of ukraine will lead to even more fiscal constraints, but at the same time, it's not just government resources,
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will have to come up and put on the table for the climate recovery. it is particularly the private sector needs to come in. patrick vicki and from the global center on adoption. joining us from rotterdam, thanks joining us on counting the cost. thank you very much. indeed. the britain's economy is in recession expected to push half a 1000000 people out of work that it's forecast to shrink even further. next year, the bleak outlook comes as the country battle decades. high inflation rate again comes to millions of people. and now the britons will have to tighten the belts even further. the government wants to balance its public finances and does announce a $66000000000.00 fiscal plan, which includes tax increases and public spending cuts. that means that small british people will pay higher rates of income tax and higher energy bills. it also includes a substantial increase to wind full taxes on the profits of oil and gas companies
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and additional investment in schools and the national health service. however, big reductions in public spending will pushed back until after the next election in 2 years. jeremy hunt, the british chancellors plan could inflict more pain on millions of british people who faced the biggest hit to living standards. since records began. the office for budget responsibility predicts household income to drop by the most in 6 decades, down by 7 percent over the next 2 years. that's worse than what the government spending watchdog had full cast in march. the fall would wipe out the past. it is improvements of incomes as the rising cost of living eats into wages. that'll effectively turn the clock back to 2013. to discuss the impact of the fiscal plan, all the british people and what it means for the countries finances. i'm joined from london by patrick parrot. green. patrick is the chief executive officer at p. p. g. mccray could help you with us on counting the cost. patrick and the prime
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minister has such a very bleak economic forecast that he's presented to the nation and partly blamed it on the fall out of the pandemic, the war in ukraine. how justifiably can continue to use these shoes as an excuse for the woe is that the united kingdom is experiencing right now? well, i think it's really quite a good some both. i was trying to ben, sorry regarding this sort of actions one requires doing all of them action and we should forget that many other economies of suffering 70 difficulties . he's probably overlaid the grimness and as a deliberate tactic. so sort of over compensate for that brief nightmare of what i call the cluster trust. and so it's, it's, it's, if you, it's still a game of make everything grin. hopefully things can be better. well,
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let's talk about that. let's trust scenario and obviously jeremy hunts opinion of the countries finances and how to better the united kingdom financially a very different to what lives trust had proposed with her former chance or as well . i mean, how much of these proposals that we're hearing now are a repair job, and how much of it is that to reassure investors that they should be putting their money in the u. k. and not to worry, they won't be any more policy. you turns. i just said, i think there is a deliberate smith coming. shouldn't forget what she soon. next original policies were when he was chancellor unable chrissy or stare. and it's probably been a bit of an extra swing to reinforce that credibility. not credible as he has been has benefited investors. so we look at you kind of a bond yields that back to where they were beginning of september. and actually they are considerably lower compared to deals. and us treasury yields are actually
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much higher. the government bond market that had a stat up performance also look at pounds. the pound is back at $121.00 for not harley overnight, low about one of the 3 and a half. and actually the equity market is one of the few major global stock market that is up year to date. so investors seem to actually really love the credibility of the government. i mean, you just talked about the fact that richey soon acts opinion before, as he was when he was chancellor, was all steer and jeremy hunts actions have made the countries the further into the sort of austerity bracket. i mean, what's your opinion now about the way that the, the government is talking about budget holes, increase taxes and spending cuts. i mean, what sort of noises are you hearing from your colleagues in the financial industry about whether this really is allowance but as far as the lectures concerned, the tori's doing in bad shape and hope. but actually the electro likes the truth
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and that actually there can be overdone downside, i think for example, a lot earlier on this week we have the license already numbers well, much, much lower than with forecasts but 70000000000 pounds low. so the res, fiscal room, then i think over time we will see less or sterile and they're very technical factors. why the, i don't really go for the story about the budget. hope a lot of it is sort of balance sheet related to so much about that $25.00. that is inflation bones. but that the money does not have to be paid until those bonds mature. and most of those bonds only mature in about 20 to 30 years time. so i think going forward the world economy is clearly struggling, but i think we are actually going to find is most fiscal remove on the outside going forward. so they've had to swing the pendulum to fall to sort of redress the
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effects of trust. but i think that pendulum has something for and if anything we might get some better news going the other way as we go into 2023 and 24. let's talk about 2023 because there is a suggestion and potential for energy bills to rise in the spring. i mean, how long do you think jeremy hunt or jeremy hunts? i dares have got to prove themselves as the right way forward in a country. but seems to be ever present using the word poverty across all of the social classes. wow. i mean, i could see the. yeah, and i would say that i was just reading about the rise and australian food bank usage. it is tough, but one of the things i would say about the government's policies is actually the very progressive. and i think when we get to the next years, energy bill is where we've already state that could be slow. it had to be local global gas prices and how the world's adjusted to the war in ukraine. so
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i, it's an under and i think we'll see a more progressive policy. so rather than people like me getting a rebates, when i don't really need it. i think the policies with the next round will be more directed towards exactly those people who need it most. we often heard in the last few months that britain wants to be a leader not to follow. and yet within the, the g 7 it's often described now is how will the smallest growth economies within that large, rich group of countries. it's not a position that the united kingdom really wants to be in pacific. going to be very difficult position to get out of and to convince your g 7 and g 20 partners that you are forced to be reckoned with. economically. you know, i still think we are clearly still trying to be reckoned economically just because we actually look at when we talk about the technical details about g d, p growth, german genie. hey, it's barely back to where it was. so we're already but we are barely back to where
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we were as well. so i think part too much is made about g d p and there is no what, look at what you kind of what you has done in smooth gosti and crying apart from the u. s. being the single largest donor and both of equipment and money. so i think that the cable continue to habits white. so i think there's a there's another sided equation that upstream just because the very nature you take tends to get an excessive amount. retention brightened to its importance in the global economy as a whole or see what happens. certainly in the coming months of patrick parrot green, thanks so much for joining us from london. great. the world cup isn't full thing and football as governing body fee for says it's $7500000000.00 in revenue from taking the told them to cut off. that's the increase of more than $1000000000.00
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compared with the tournament in russia. 4 years ago. the earnings were boosted by an increase in sponsorship deals, including cat on energy and telecommunication stub, a redo fever invest most of its endings back into the development of football. most with income comes from selling tv broadcast rights for the world cup. people also draws in cash through the licensing of its brand while the world cups and pull brand assets, such as the names of the event, the trophy, the official emblem, and even the mascot attract global recognition. so how can vary caloric value be protected? there is this all been job explores the role of intellectual property rights in sports finance with down tang the director general of the world intellectual property organization. p. far in the walk up rates vary connected as well. well, 1st of all, this technology in the will come, there's a lot of brands in the welcome that's broadcasting rates, right. and all of that combine to, to meet and help fee for right to be able to,
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to, to be able to monetize that radio. the broadcasting rates from the fif will come, it will be $3000000000.00 and an ip rates and spots globally. right. reach $50000000000.00 or 2 years ago. so there's a lot of connection between ip support that people don't realize. so where it is cutter come into all of this because it is the 1st time that the cup is happening in the middle east has been working towards intellectual property towards a knowledge based economy. why know katara cuts us as is, has envisioned re to be technology and r n d center as well. and just earlier this year, one of my senior colleagues visit katara and sign it and will you, with a couple of the season? i mean, behind the fi you see cause you see right? to see how we can bring ip training to the newest, the graduates. why? because i scatter diversified economy and it connects to the wall, right? we need to support young katara innovators, entrepreneurs, creators, researchers for and ip is there to the need to use to be able to,
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to bring the i just the market. but intellectual property is not just about big companies. let's find out how the organization promotes it. among small enterprises, we won ip, not just what for big companies, what we want to work better for s m e, 's and start ups. our priorities for the next 5 years will be on woman, youth and small medium enterprises. we were focusing on creating projects that create impact on the grounds that bring people in ip much closer together. so was ample re. we've just launch a project in the petra region of jordan to support 35 woman entrepreneurs in that region to use. i. p. s. t r as as ally to use ip as part of the business journey. we've just launch a project last year and you can the right to support women entrepreneurs in uganda to use ip to skilfully as part of the business strategy to be able to market brand and the one package of products. so we're trying to, it's betty bring ip to the grounds and create projects, right, where people viewed ip funded life is felt. we're trying to bring this to your type
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that i piece only for big companies and not with them. you're trying to biggest your time, the ip is only for the global, not, and not for the global self. and by the way, $7.10 ip now comes from asia, middle east africa, latin america sort of will as change. and that's our show for this week to get in touch with me by tweeting me at so underscore rahman and to use the hash tag a j. ccc. when you do drop us an email, counted the cost to thousands, dot net is our address, but that is multi online college. they have a dot com slash cd thing that'll take you straight to our page, which has individual reports, length of time episode thing you to catch up on. that's it for this edition of counting the cost on the whole robin from the whole team. and so much for joining us. the news is next here on, i'll just say the ah
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