tv News Al Jazeera March 17, 2023 3:00am-3:31am AST
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sided ministrations are very concerned about this development, especially for what it means for china's power on the world stage. critical debate and are all the both the legal reform door. they see that we are living there probably in depth analysis of the days headlines inside story on al jazeera, it's been 20 years since the united states led invasion of iraq, which overthrew president saddam hussein a widely controversial military operation that kills hundreds of thousands of iraqis and displaced 1000000 small a conflict is consequences are still being held to date the iraq rule. 20 is on, on al jazeera ah 2. ready stalks rally in the u. s. as a group of private bank. announce
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a $30000000000.00 rescue package for 1st republic bank. ah. hello, i'm darren jordan. this is al jazeera, alive from della also coming up more protest in france after president macro bypass is parliament to push through controversial pension reforms. rescue a search of bodies in malawi after cycling pretty kills more than 320 people. it's president of appealing for global health cycle of yahoo on each, his torrential rains and mudslides in peru, battering hundreds of homes, the devastation that we have seen here all the way up the hill. there are hundreds of homes that are totally flat. ah, welcome to the program. well, up a days of market turmoil, coordinated efforts are being made to ease fears of
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a global banking crisis. emergency funding provided to us bank 1st republic. so stocks and the day high up 1st republic had fallen nearly 70 percent in the last 2 weeks. 11 banks of now banded together to deposit $30000000000.00 into the struggling linda. when it comes hours after the swift central bank offered a $54000000000.00 lifeline to bolster credit suisse, that's the 1st emergency help offered to a major global bank since the 2008 financial crisis. what despite the uncertainty europe central bank has struck 2 as stuck to a plan, interest rate hike, of half a percentage point. that's all part of it's ongoing battle against soaring inflation. on the us treasury secretary has appeared before a senate committee, assuring it that the countries banking system is sound. we worked with the federal reserve and f d. i see to protect all depositories of the to fail banks. on monday morning, customers were able to access all of the money in their deposit accounts,
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so they could make payroll and pay the bills. shareholders and dec holders are not being protected by the government. importantly, no taxpayer money is being used or put it risk with this action. deposit protection is provided by the deposit insurance fund, which is funded by fees on banks when rob reynolds joins us live now from outside a branch of 1st republic bank in los angeles. rob, so it's pretty rare for us banks to be rescuing each other. is this injection of cash and to 1st republic like to have work? do you think well, you know, darren, i mean fear is a very contagious thing, and investors are fearful that this or lack of confidence in banks and, and bank failures could spread the bank behind me up by the way. we are in beverly hills. this is just the ritz, yes neighborhood in los angeles, and maybe
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a in the united states, maybe the world. ah, and this bank 1st republic was known as a bank that cater to wealthy individuals. so those wealthy individuals began to feel queasy when they realized that the bank has so many about 67 percent of its deposits were uninsured. in other words, they were covered by the government's insurance scheme that a janet yellen were we just heard a speaking about. so they began withdrawing, putting their money into bigger, more solid banks. and now that those banks have joined together to give a resounding vote of confidence. not only in 1st republic, but in all other small or medium size or regional banks. that's what the hope is that that holds the well, the jitters stem, the contagion give people a little bit more peace of mind that their money is safe. yet robert, despite this rescue that for the owner, this continues to raise questions about the broader health of the u. s. banking
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system. yes, it does. and, and about just the very strange economy that we find ourselves in with the inflation still running pretty pretty. a strong of the interest rates rising yet employment, very strong. hundreds of thousands of new jobs being created every month. and now a panic about certain banks. it's is a very odd economy, and i think it also shows darren as you meant, as you mentioned that, that people have lost trust in a lot of institutions over the past. so say, since 2008, when layman brothers investment bank failed, bringing on the grant and the great recession, people are no longer really trust a lot of institutions. and banking is, is one of them. now the banks that have bailed out or rescued, as we might say, 1st republic are the biggest in the country with huge assets like of jp morgan
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chase, for example, more than a trillion dollars where the 2 trillion dollars i should say an assets. so for them providing $5000000000.00 a piece to to get some peace of mind at 1st republic was really a bargain and their stocks by the way, today finished up. all right, i rob reynolds live for stay in los angeles. rob, thank you. while banking law, professor cornelius hurley, things, the volatility in the banking sector could continue. here. we have 11 us banks rescuing this regional bank in california that most people outside the region haven't heard of and yet, and yet at the bottom line, it's an issue of confidence that the public to the investors have confidence in this bank or anything. i think it's interesting to know secretary yon's testimony to the effect that the taxpayers are not on the hook here. i wish the
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administration would stop saying that because taxpayers are on the work. the deposit insurance fund is a small fraction, very small fraction of the total uninsured deposits that are, that are insured throughout the country. there is real fear because the shareholders are at risk. as was noted, the, the 1st republic shares sword at the news of the, of the rescue, but then they plummeted and after hours trading. and i think we can see that floor to tillery continuing for awhile until that situation resolved itself. but i see the national bank of switzerland, bailout or rescue of credit suisse as being similar to the lifeline that the federal reserve sent to silicon valley bank that failed just a few days ago. the federal government here is in the awkward position of having sent this lifeline to silicon valley bank, sending a signal to all depositors over the insured limit of $250000.00. that in fact,
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they were insured. and as secretary yellen testified today, no, in fact, that's not the case. french police clashed again with demonstrators opposing pension reforms in paris and across the country to a gas was fired at thousands of people in the capitol. earlier the government force controversial pension reformed through without a vote in parliament. changes raised the retirement age of 62 to 64. natasha butler reports from paris didn't it wasn't the outcome the french government wanted, but without the parliamentary majority, they decided to force his pension reform built for parliament by decree. a controversial move that infuriated some lawmakers and met the french prime minister, struggling to be heard on the per pound. we can't risk seeing a 175 hours of parliamentary debate come to nothing. we can't risk seeing the compromise built by the 2 houses dismissed. we can not risk the future of our
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pensions. this reform is necessary. the move comes off to more than 2 months of street protests and strikes against the reform led by frances trade unions to states and erosion work has rights and also angry over plans to raise the retirement age by 2 years to 60, to demonstrate as he gathered outside the parliament st they'll continue to fight. oh, pretty revolting is the fact that despite the fact that the government represents a tiny minority and doesn't even have a majority in the parliament, they order a constitutional tools that they can use to course it's through in completely undemocratic manners. but that won't do. that won't her hinder all resolved to pursue the fight. that's why you're here today. and that's why the fight will pretty tomorrow. forcing a bill through the parliament by decree is legal under the french constitution. but it is a course of action seen by many as a failure of politics. acting outside the national assembly, france is hard left leader said the government didn't care about people which was
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on actual vacation. god. i find it significant and symbolic that for a 100 time the government used a decree to buy hostile will of the people. we must coordinate with the unions and do all we can to have the ssl or withdrawn. performing the pension system was one of presence in manual macros campaign promises. he says the systems outdated, costly and unsustainable for future generations. in the end, he will have succeeded in changing it, but at a cost to his political reputation. natasha butler, jazeera paris, o. u. k. government and healthcare unions of come to a final pay offer which could and strikes affecting the national health service. the offer to unions representing nurses and ambulance workers includes additional pay for next year. unions have already voice mixed reaction to the offer, which doesn't cover jr. doctors, we're also striking blah, we as president, was appeal for global support. days after tropical cyclone hips,
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southeastern africa, countries commercial ha blanche. i have seen the most damage with flooding and mud slides. actually 326 people have died and hundreds are still missing from me. the miller has more from milan j. this is milan, joe. west, just outside of the commercial capital blan tire, we infrastructure such as roads, telephone poles, as well as electricity poles have been completely destroyed. now this road behind us is a gaping hole, and people have placed logs across it, so others can cross. but they can only cross if they can pay people who placed these polls. they are a charging and not everybody has the money to use this makeshift bridge, they don't have the money. they have to you as an alternative route, which is far more dangerous. now people are using those logs to move everything from food to water, bicycles, motor bikes, as well as bits and pieces from destroyed homes like window frames. they're trying to get across to milan j over the bridge,
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just ahead of us. and even then that's covered in debris. a clean up operation is under way in parts of peru that have been devastated by cyclone youtube. landslides are buried homes and mud, leaving thousands of people homeless. at least 6 people have died in the past several days. as a result of torrential rain, 5000 soldiers have been deployed to flood regions to support emergency operations. marianna sanchez as more from the sienna gear region near the capital, lima. we are in a, in a ravine called real circle air, which translates to dry river, but that's exactly the opposite. what happened here where are tons of mud and debris. oh, oh, tore through this community twice yesterday and the day before yesterday. and it's a forty's half confirmed already that there was one person it killed and there another person has disappeared. and it's, it's quite a miracle i have to say because the devastation that we have seen here are all the
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way up the hill. there are, are hundreds of homes that are totally flattened. are very poor people live here in their homes. most of them, the ones that have been most destroyed are bad homes made of cardboard, and wooed and tin. and so these are homes that have been completely taken by the rivers of mud, tougher shore break here now to 0. when we come back, a groundbreaking handshake, japan and south korea to and years of animosity. and reframing the narrative and exhibition of photographs by ringer refugees opens here in the morning. ah frank assessment. justice means to give them the basic human rights,
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not only in the camp, but also inside the me, a map informed opinions. 5 administration are very concerned about this development especially, or what it means for china's power on the world stage critical debate. now only both the legal route for b. c, a in depth analysis of the days headlines inside story on al jazeera, all coveted beyond wealth, taken without hesitation, fought and died for power defines our world, we live here, we make the rule, not them. they find an enemy and then they try and scare the people with people in power. investigate, exposed it and question. they use them to be used of power around the globe on out there. it's been 20 years since the united states led invasion of iraq, which overthrew president saddam hussein
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a widely controversial military operation that kills hundreds of thousands of iraqis and displaced to 1000000 small a conflict is consequences are still being held today. the rock pool 20 years on on al jazeera lou. ah, welcome back. okay, from out about top stories here. this all off a days of market turmel efforts to ease fears of a global banking crisis are underway. rescue plans have been offered to 1st republic and credit suisse banks to reassure confidence in the financial markets. protests are broken out in paris again after the french government forced through controversial pension reforms without a vote impala. the changes raise the retirement age of 62 to 64. i'm always
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president of appeal for global helicopter tropical cyclone hit the east of southern africa. please 326. people have died and hundreds more is still missing, falling mudslides, and severe flooding. now caught in indonesia has sentenced a police officer implicated in last year's football stadium crush to 18 months in prison. 2 others were found not guilty. 135 people died when police fired tear gas into the stands after a pitch invasion. survivors and victims relatives are disappointed by the court's decision. jessica washington report from east java in mulling east java really 6 months after his son died. we unto says every day is a struggle. that is but you know, i just miss him so much. it's so hard. i can't get rid of this trauma. i just count . his son was one of the $135.00 people who died when police fired tear gas at fans at the end of a football match. after some spectators entered the pitch,
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it resulted in a crash at the exits of the overcrowded stadium. people tried to escape only to find many gates lot. now he says his heartbreak is mixed with disappointment. so to get them all yeah, we'll just, what i wanted was for the people connected to the shooting of tear gas to get the punishment they deserve. at the sir, by a district court one police officer, a squad commander of the mobil brigade, who ordered his officers to fire t. a gas was sentenced to 18 months in prison. 2 other local police officers were acquitted. this incident of the tragedy that none of us had hoped for. we surely hope that everyone involved be at stake holders. the organizing committee, local government and security officers, should evaluate so that these unwanted incidents can be avoided from beauty. the prosecution had asked for a 3 year prison sentence for each of the officers. the mood and court was secured only a few relative victim attended proceedings many to hold out 0, they pulled the lives of their loved ones. had been disrespected. he saw too sad
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a 16 year old brother. it was one of the victims were definitely disappointed. we regret the judge's consideration was lacking in thinking about the loss of a 135 lives. others decided to stay away from court. this week, many survivors told al jazeera, they are too traumatized and disenchanted with what they call a lack of accountability from authorities. i always think about seeing my friends sal dead in the hospital. i have lost my friends how come the punishment is so unfair. site is now an unofficial monument to what happened that night. the shoes of spectators still lined the steps of the stadium a sign of how they desperately tried to escape just a little longer. i have been following the case closely because it's about a 135 lives. and now it's like nothing happened at all the law, the case was handled quietly. like many in milan, he feels the seriousness of the tragedy and the devastation it caused for this
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community has been undermined by this outcome. jessica washington out to sierra east java disagreements continue over the downing of the u. s. reaper drone, that american official se came into contact with a russian fighter jet of the black sea. the pentagon says a video it's released, proves its version of events. russia denies acting recklessly. article haine has the latest from the pendulum. the pentagon believes this video will end the debate, the view from the m q ripper official say this shows a russian su $27.00 fighter jet, dumping, jet fuel on the drone. then another dump. the video cuts out coming back to show a damage propeller blade. the video doesn't show where this was, what happened in the minutes before it, or the blade been damaged. but russia says it's fighters had no involvement with the damaged drone that was brought down in the black sea. us officials have been using very careful language to not escalate the incident. the pentagon spokesman
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told reporters why they have released the normally classified video. i think that our words and our actions speak for themselves and similarly, rushes, inaccurate information, false information, observation, grasping at straws, changing narratives also speaks for itself. but experts believe there is a broader reason the world is seen this. now. i think it just is an attempt to keep demonstrating on ambiguously that rushes the aggressor both in the broader war, but in the tactical engagement we just experienced with the draw. and so there can't be any duplicity on that front. i think the goal is to make sure russia remain seen as the pariah and the aggressor in this conflict. and on capitol hill. another top military officer testified thursday that they are seen more aggressive russian military actions in syria. they fly over our bases with ground attack aircraft with, with weapons on them in an attempt to try and be provocative. but really,
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it's unsafe unprofessional, not what we expect of a professional air force. they want to try and renegotiate the deacon function protocols if they violate every day. this is not new. rush and behavior is it, sir? in especially with regard to the drone incident that we recently seen. it's not new, but we have seen a significant spike since about 1 march in syria, a russian official accused us of to distract from its financial crisis. russia is declared part of the air space off limits since the start of what it calls its special military operation in ukraine. the u. s. as it's going to continue to fly in international waters. so well, this is the 1st or contact between the us and russia. it may not be the last political haine, al jazeera outside the pentagon. poland is become the 1st of ukraine's allies to commit to sending fighter jets polish president under i duda says warsaw will deliver for mig $29.00 jets and full working order in the coming days with more to
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come. once they're checked. ukraine has been asking western allies for jets, for months to help us defensive efforts. now, in a significant diplomatic effort, south korean president, humans took y'all and japanese prime minister for me. ok sheeta of come together for a crucial meeting. elite as aim to tackle regional challenges and resolve, longstanding tensions between their countries. robert bride reports from self. the landmarks summit between south korea and japan comes at a time of increasing regional challenges for both nations. just a couple of hours before units zekiel departed on the 1st by lateral visit by a serving south korean president to japan. in 12 years, north korea launched a long range missile in the same direction. the weapon was confirmed as an intercontinental ballistic missile of the kind north korea has been developing and showing off at military parades in the past couple of years. video released by the
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japanese air force shows what seems to be a mis. i'll coming down after re entry into the atmosphere. the launch comes in a week that marks the start of annual military drills between south korean and us forces that will include large scale field exercises. washington wants to see closer relations between its to east asian allies, not only as a counter to north korean threats. and the growing military might of china, but also to maintain a technological edge in the production of strategically important semiconductors. we can bid, we have confirmed the importance of vigorously promoting security cooperation between japan, south korea, and the united states. japan announced its lifting export curbs on materials needed for high tech manufacturing, imposed during the recent spat with south korea. president noon is trying to restore ties that have soured considerably in recent years. but in south career,
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it's a highly controversial move relations have been scarred by decades of colonial rule from tokyo during the last century, which culminated in atrocities committed by japanese troops in world war 2. weekly protests still held against the enforced use of so called comfort women and military brothels. and you and has proposed settling the issue of koreans forced to work in war time, factories by compensating victims from a voluntary fund. instead of finding the japanese companies involved a bold offer, seeming to prove uni sincerity and strengthening ties, i pulled already to john's island going forward. we will continue to actively communicate and co operate through shuttle diplomacy meeting as often as necessary, regardless of formalised care now got, but opponents,
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back in south korea accuse him of a diplomatic climb down in this deeply troubled relationship. rob mcbride al jazeera, so a spokesman, the libyan warlord leaf, a half to are says more than 2 tons of uranium that have been reported missing by the u. n. 's nuclear watchdog has now been found. the 10 drums of radioactive material were located near the border with chad. after spokesman said, whoever sees the barrels likely thought they contain weapons or ammunition? the uranium was reported missing on tuesday, when the international atomic energy agency inspected an unnamed site in libya. a funeral has been helpful. one of for palestinians killed by israeli forces in the occupied west bank. thousands turned out to mourn the man killed in an operation carried out by an undercover israeli unit in a busy shopping area. on thursday. one of those killed was a 16 year old. now, an exhibition of photographs taken by ringo refugees documenting their lives in
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bangladesh as opened here and cut up the photographers hope their work will refrain the current narratives of violence. death and victim hood but often describes refugees experiences that are against the report o. 6 images that represent every day life in the world's largest refugee camp. taken by young gra, hing of photographers. he fled a military correct down and mamma, and now living clocks, his bazaar in bangladesh. their work is on display is pointed at us with photo festival in dough hall, which attracts an international audience. amal and asthma spoke to us on video link from cooksey's bazaar. when i go out of my shelter, i take photos of people who are having difficulties suffering from a lack of food, but also the children playing outside. those are the photos i capture, called a chance to breathe. the exhibition captures everything from the emotions and
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happenings of daily life to the desperation of living in a refugee camp. as most home in cooksey's, bazaar was destroyed in a huge fire earlier this month. that when the fire broke out, i went to the area that saw people who had lost all the possessions, but instead of taking photos and uploading them to social media. at that time i was very emotional. the rights group, full to fi, rights and cattle foundations, doha debates provided training and equipment for 4 years to allow them to document their lives. through this exhibition, the photographers say they want to amplify and elevate the voices of the 1000000 refugees you live in cox's bazaar. but this is also a personal and life changing project for the photographers who hope to afford your career and ultimately earn a living from their work. a mile and as m. o use instagram to showcase their
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photographs, which have already won a number of awards, including assurity, which recognizes outstanding work on social media. this is the very 1st time on global speech data is there what we spend showcase. and i think that like for people to see their walk and to question about their life, it's something that is very unique for us. as the festival starts in the crowds, poor in the organize is an artist who their work will influence the broader public . not justing cattle but also the rest of the world. oh. 6 the tory, a gay to be al jazeera, doha blocks from me during jordan. now the news continues here in al jazeera, after inside story structure. thanks so much. ah,
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never literally see heavy rain in east asia, but we have it all the same. little belt going through china and going off shore during friday to reappear as significant rain or wet snow in the mountains of han shoe during saturday, leaving behind river normally drift good to the sunshine. it is still cloudy in the yangtze into the saxons ball. rain gathering but temperature was we're back to my we should be or a bit on the low side in places because of the cloud. the still a fair amount of rain came out of the sky and indonesia less so from a lacy and a bit of a concentration in the central philippines. as you can see. and unusually, for this time of the year, there is rain in many parts of india and bangladesh in the form of showers. all thunderstorms that we should be looking at the pre monsoon heat is a bitterly to see significant rain. but it's there in places where it shouldn't be like to, and i, this is a bit more you, you shall go in pakistan. it is not uncommon to get in the spring,
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these westerly disturbances which bring cloud and ride and significant change to feel the weather. that's what they're doing. so for example, almost anywhere in pakistan you could see rain even as far southwest karachi during saturday. they left the one sunday, but it's still there. i imagine is quite welcome. ah, iraq, a nation riddled with land mice and an expert dedicated to defusing them, one by one. equipped with only a knife and the pair of wire. he faces death every day but does his work make him a hero or a target? witness? the d minor on al jazeera and unmanned us trained classes into the.
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