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tv   Counting the Cost  Al Jazeera  December 2, 2023 2:30am-3:01am AST

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it's known as the united nations integrated transition assistance mission to sudan, and it was supposed to have its mandate renewed on december 3rd. but now it will close down with all operations winding down over the next 3 months. the united nations security council voting over whelming reached the end of the mandate of the un political mission in sedan. there were 14 votes in favor, only russia abstained. the move by the security council comes at the request of suit. any officials who have been critical of the un mission in their country after casting is vote, the use case deputy ambassador to the un gave this warning to suit an ease officials conflict and sit down the road. the political transition unit terms was created to support it has caused in many human suffering atrocities, again, civilians and reports of ethnic cleansing in the for that could be no military
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solution to this conflict. and the to war and causes should engage in meaningful thoughts towards a permanent sci fi and transfer of power to civilian administration. the un mission to sedan was established in 2020 to provide support to the country during it difficult political transition. and while the u n's, political mission is ending in the country, the humanitarian efforts by the un will very much continue. gabriel was on to how does it at the united nations new york you inside general has a world leaders to plan for a future without fossil fuels. speaking at the comp 28 climate summit that's found a way into by and certainly gets harris told delegates the world is nearing a climate tipping point. but it's not too late to take action. we cannot say, but barling planets. you're fired holes or fussing fools. we must accelerate to just extra simple presentation to renewables in the sciences clears the $1.00.
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be limits is only possible e. c, o c, monthly stop buttoning all fussing fluids not to reduce. not the big deal with the house of representatives of taking the risk step of aging to expel a member of ethics violations the tracking device at 311214, to move new york congressman george santos. you sent me the 6 person ever to be boosted from the chamber. i liked it in 2022 and quickly emerge. santos, i'm fabricated much of his story. sharing the campaign for his seat. he's now facing federal for challenges. how you up to date? that's it. for me, the bulk of coverage on the wrong guys, a continuous here on how to 0, opt to cancel the cost of the website. i would just say, i don't like to watch the
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the, the, [000:00:00;00] the, [000:00:00;00] the
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hello i'm adrian said again, this is counting the cost. i was just a regular wiki look at the world of business. digital makes this week. nothing to return to israel is more on gaza. it has wiped out in time neighborhoods that produce businesses to rumble. so who compensates palestinians for the destruction? also, there's ranking shrines in germany's constitution. the circle dep breaks a spot, a bunch of prices pulls a, going from borrowing limits to be relaxed. plus china and saudi arabia agree on that. first, currency swap on many nations are increasingly moving away from the us dollar to central trades as well as relentless bombardment of dogs that has killed and injured thousands of palestinians. the human cost is in your ruble. the total and infrastructure is massive. simply absolute destruction of a lack of basic requirements to sustain life and tile neighborhoods, homes, schools, hospitals, churches,
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and most of all been targeted. whoever runs guns off of the war ends, we'll have to rebuild the strip and create a functioning economy. well, many palestinians who have managed to see what remains of that homes during a, the slower the tax was shocked at the scale of the damage low. and i'm gonna okay, long as you can see, thousands of residential units were destroyed. the same with other residential complexes in the north and where to go where to sleep. this was my house and now my family and i are homeless. many are still buried under the debris. i cannot even pick some of my clothes from under the rubble to put on my back. however, we are not leaving. we are holding our ground. even if i live in a tent, i will not abandon my homeland. could i ask? could i ask you how the memories in my home is be my memories? i would never let you go. i lived for 23 years had i will stay in it even if i knew small prostate remains. yet if in the decree us as a bust of shocking, took me a life time to build this house for me and my brothers, and then just like that. then i'm back to square one. and we are
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a family of 4 and our house has made up a full floors. the ground floor was a commercial show. my brother lives with his family in the 1st floor, while the other brother on the 2nd, my family and i live on the 4th floor when i was sitting and what was once the kitchen that was the fridge and that the oven. this is the only area where we could says the rest is a total wreck. well the, you and a special russell to on the right to adequate housing upon a christian roger gopal has denounced as well as widespread foaming of homes and infrastructure in gaza. and a recent report, he said, carrying out facilities with the knowledge that they will systematically destroyed and damage civilian housing. an infrastructure rendering an entire city such as garza city, uninhabitable for civilians is a war crime. the multiple sources have reduced figures on the extent of damage to infrastructure. satellite analysis by 2 researches at the c u. n. y graduate center at oregon state university shows that they call off of old buildings across northern garza,
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have been damaged or destroyed. the un says that many $45000.00 housing units have been demolished out of the strips. $36.00 hospitals, $28.00, no longer functioning. 279 educational facilities have been affected. depriving bolden 625000 students. the basic rights to education bakeries and mills in the northern parts of the strip and brought to a standstill due to the structural damage of the lack of fuel. um flour, water facilitates across casa, i've also been targeted. well, the latest conflict is estimated to cost much more than any of the full previous was on goes up. the 3 week old it began in december, 2000, but agent ended in january 2009 caused destruction announcing to $2000000000.00 that's according to the world bank. from us says the 8 days of his ready attacks in
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2012 cost cars at $1200000000.00. daily $6000000000.00 was estimated to be the cost of rebuilding gaza after the 2014 war and the damage of economic losses. pharmacy is ready to attack in 2021 amounted to more than half a $1000000000.00. western countries have considered using frozen russian assets to rebuild ukraine. last year, poland demanded more than one trillion dollars in world war 2, reparations from germany. also in 2022, iraq completed the payment of more than $52000000000.00 in compensation for the damage cost by it's 1990 invasion of q weight. so who pays for the destruction in gaza? of how much a of joining us now is a ton of comrades. tom is a system professor and public policy and administration of the doha institute for graduate studies. godaddy with this on the, on counseling the cost is going to even going to be habitable, off of all of this, given the scale of the destruction that we've just outlined. so yes,
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there is a chance to be happy to, but if an urgent editor company and, and the construction plan is initiated, immediately after the end of this war. so the, then there is a chance, of course, i mean, i mean, governance of lower level. so there is no plan be forgotten, and so we have to believe that it has to be happy, double. and i don't know about police like any other place in the world. and this depends on the national communities when to create norman can use. if the social economic conditions for governance to stay in government and this, and this is an and by default, this is related to how would they plan and implement very construction planning of goes after this war and who, who makes those plans? how much of those plans going to cost to is the rebuilding going to cost and who pays? so just to give the viewer to the perspective like, you know, the, the 2009, the 1st to the construction,
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a operation. the dorms that i'm after the show each war and goes up the ledge, nearly $5000000000.20 costs a little patient. that was 3.2. the ledges as well. so didn't the size of the sheer size of construction? now we have literally talking about something similar to what i was quoted, i knew much than that for the, for the guys that this might exceed 50 billions plus, you know, so it's a huge amounts of money, of course. but as soon as we're not be, if, if we live in a fit, unethical awards, these items have to pay because they causes this, this a section on us that they should not, i, i believe that this would be account them, that when it comes to this because most of the destruction that's happening does this has private ownership and also the aids and donations that came to support the prostate solution since the beginning of also 1994. so we're talking about what the hospitals government, tennessee's ministries, this is 70 for spectrum name. it's mainly nissan. notice money. say the say, listen dollars out of dollars, an international dollars. but listen daughters,
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especially in the europeans, you the, was one of the largest lowest. and i've seen in authority, followed by, i mean, the americans, japan, and then out of dollars, you know that the, the gulf countries in o stomach countries. so this is tax money. when it comes to westland countries, this is tax money, this is backs, money being wasted. because of is there as actions and is that i had, has no limits when it comes to this because the, the, the, the subjects or the issue of protecting a dividend, switches aids, you know, that's what contributes a piece should be brought to add to the discussion of the paper by the donors on these ladies. i mean because there is $1.50, know many dollars now. busy the todd from seeing the money being wasted in every adoption of conflict, motorcycle violence in the person and an occupied by this time. so that has to be a discussion on this not, i mean, especially in the future of guys after this war. and you want us to be very blunt
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about it and say, we went into this, we will of course, support the students to recover. uh, but that has to be conditions a sense of going to be free aid, special needs with these ladies. this is where i'm going to be forced to pay the man who attends, who's going to force as well to pay for it to the side of the dish. a israel should should be paying one out here. and we talk about the just the just for the, an adjustment, the national system, i mean is that if you don't have to pay for the weight as implant exactly. and if, if, if the idea of. busy c, using sees the russian assets for both of us and us as the 3 bits you claim. then we have a positive that it should continue with this way or correct. but the thing is that the national, well, what some countries made was that countries ready to use this on the, is it or not, i'm not sure to be honest, but i, if we live in a just for that should happen is i should be accountable. not only for the dyslexia also for human losses, all these students i've lost, otherwise they have, they have to be compensated for the, for i, i was going to ask you about, you talked about personally the ship as well. a lot of the property that's been that it's been destroyed was, was personally
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a privately owned us. if it fits it's not your business is organization. i mean, even if they could have got insurance, it engulfed. so it wouldn't have paid out because this is an act of war. so actually people need to be compensated for the individual last, it's not just of, of, of property, but for the lives lost as well. yes, exactly, exactly. i mean those for just, i mean, just for us, so there's no, it sort of something guys, i mean, showed us is not the scheme implemented and does or the governance law about sort of the same back in other countries in the world. so these aren't people, i mean, psychologically they have to suffer for the loss of their loved ones that houses the properties, the means of income. and so, so yes we, so, i mean, i mean, i mean it's hard even spoke about financially compensation. people have lost the loved ones, i mean money will not bring the phones back to life, correct? i mean, but please, that's the least don't. i should do at least to, to, to, to, to try to help them to get back to the, to the likes, the, and also, and you talked about donors putting the bill for some of the, of,
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of the reconstruction costs. but don't as a not really going to be willing to, to, to invest, to put more money to in, into gaza if there's a danger of this happening again. so that there has to be a political solution alongside a financial is evident. and this is an extra important, i mean, uh yes, i mean, it would be another waste of resources and energy. if, if, if money comes in a flash drive conflicts like, you know, that doesn't mean that the bonus would stop interviewing. now i'm old and i'm all in for human, a 10 and 8 to pick and now and to be i need it to be up scale human to 10 and 8, which is necessity to put a life in small order for which of the load name. it's, i mean, so this is a must do correctly. people alone and the situation was, this was over again. and this is a big question because we don't know everyone is spoken to about a future that age. most of us to govern guys. old guys, after the war, we don't know what's going to happen. what's the political outcome of this war?
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meaning if how much is the is going to be empowered or not? that was the don't need another entity be the fix know, could have government or a government funded by the be the, by the, for the single thought at the will doesn't, we don't know. i mean, there are so many scenarios that are being discussed but, but, but, but we don't know which that idea would be the feasible one the most because of the one cause the what is left over to get me. yeah. so however, if we had each less than that, you would, let's say, how much is not involved in government goes up. uh, this would be ideally for many less than dollars. well, the fuse all have been very shy of supporting for the students because of how much control of that say governance, governance institutions, correct. uh, other donors like to see out of dollars most them dollars. they don't have any conditions. they support any projects. so let's say if, if, if, if, if, if i'm going to speed up building is, is damaged, not what was, was bought, i'm getting this for. or somebody else will say, i tell people that they have no problems, even if it's something how much it would be on the most. but then you'd have $10.00
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worth. sometimes we'll sit no, no, no, this is a little for me. if i'm going to build this and it will be used by officially, by him as a part of these will say no, this is a no go for me. i would just focus on a minute that and 8. then we'll end up with the situation of craig benting 8, and this will not go well for the 1st thing is because after this route on the lot of destruction, we need the systematic comprehensive reconstruction plan that really has everything together. and it's not about just reconstructing what i've been bombed or damaged. it's about creating a sustaining of a future for god. look at which means is there any met? is there any control measures it'll blow caves the have to be all so that's, i mean, isn't it kind of keep this controller over the borders and also it's controlled over to see that the construction process by delaying materials, visiting materials. but thing beneficiaries of, of the, of a general because it has a payment system of doing this, delaying the satisfaction with you. so we need to set something up, but it is,
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it's about the good thing. so staying the benefits of the not just addressing the media outcomes afford, but also creating an environment for does up to be a normal country, a normal slip, like any other countries in the world that's destination. it's a great stokes, you don't counting the cost, but there's any thanks steve, for being with us as a 1st time in germany was limit how much debt the government can take on the constitution caps budget deficits at north point 35 percent of g d p except in an extreme emergency, the so called depth break was an accident, 2000, but mine was meant to stabilize public finances. also, the global financial crisis passed a strict interpretation of the rule of the nation's top cost struck down billions of dollars in plans spending sparking a budget crisis. now cool for growing to abandon the borrowing limits as dominic caden reports from building this is how germany's finance ministry tries to explain
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. it shows in pens the old debt to break government's count, borrow much more than a 3rd of one percent of g d p. each year, except in extreme imagine, serious in theory, the mattress administer is pretty simple. live within your means. in practice it's proved anything, but it was bank of america is government that enshrined the debt break into law during the credit crunch. they felt it necessary to anchor something in the constitution that put a debt break on spending just shy of responsibility. and of course, germany has always sort of whacked the finger at other countries and they use that over spence, you know, and broke you that rules. but not with the fingers being wacked to the government. here in berlin, because when finance minister christian men tried to use on spend money borrowed to fight cove, it to finance climate change policies. the supreme colton causes what rule that to be unconstitutional. leaving
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a multi $1000000000.00 holes in this year's budget and closing comes to a nation and capital markets such a german budgetary policy is a bit like satirical reality. it is important that we get back on reliable ground relatively quickly. it is unacceptable that one of the largest industrialized nation allows itself to pursue a budgetary policy that is constitutionally questionable the political effective, the cons who a ruling is also profound. something would have shots, himself acknowledged in parliament, was 4 times shop. i know this ruling creates a new reality for the federal government and for all current and future federal and state governments are reality. however, that makes it more difficult to achieve. important and widely shared goals for our country is having improvise the solutions of 2023 ministers and not having to account next year's budget. and the remote possibility of a $220000000000.00 short form,
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which could mean the need to slash spending. there might be some cuts for benefits for the richer people in the society that could be one way out. and that would then they would also have some smaller budget cuts for the poor households insurance. the one on the list says behind close those political leaders here, i believe the law should be made most suitable to the days realities. any politicians agree that we need a change of that clause or an integration off. this investment falls into the, into the debt break. or maybe even get rid of it and come up with something new which is more appropriate to solve the challenges we are facing in germany. but to do that, the coalition government will meet the help of the main opposition party in both houses of parliament. and so far, at least its leaders seems to favor the new elections for the new laws. dominant came for counting. the cost full in china is saudi arabia is top trading part of
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the largest buyer of its oil trade between the $2.00 nations amounted to more than $106000000000.00 in 2022. the relationship brooklyn's last year leaders of the 2 nation assigned a comprehensive strategic partnership during a visit by the chinese leaders. she's been paying to re add the agreements with billions of dollars included collaboration on infrastructure projects. and technology was held by badging as an e. polk making milestone in the development of chinese, our relations. the 2 nations have recently moved to strength from financial cooperation to they've signed a local currency swap agreement with $97000000000.00, which will be valid for 3 years and could be extended several countries in the middle east signed some of the agreements with china over the past decade, including castle, the united arab emirates at egypt aging is believed to have the largest network of currency swamps with a beast. 40 countries will come and see swaps agreements whereby central banks land
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and borrow each other's currencies on a specified day that then exchange the money back. as an agreed interest rates, china swamps are seen as part of it's pushed international lives, the one global center. the banks tapped a record. amounts of the chinese currency and foreign exchange swaps lines in the 1st quarter of the year. the outstanding balance of all foreign currency swaps was more than $15000000000.00 by the end of march. that's according to the people's bank of china. the jump came off to a growing number of countries move to settle the trade with china and local currencies in a bit. to reduce that reliance on the us dollar on the greenback remains the most traded currency by far spot. it share a foreign reserves. the amount of dollars the countries put by for a rainy day has declined to a record low of 58 percent last year. by comparison, china is one stands with less than 3 percent. the chinese currency is still behind
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the euro, the japanese yen. and the british pound, well joining us here in doha is while my current is the financial market strategist lead at the global multi asset brokerage group, x, that's good to have you with a set while flow. $7000000000.00 is a huge amount to the likes of you and i and, and even watching, put in global economy times it's, are going to be small amount. so how significant is this currency swap arrangement between china and saudi arabia? of thank you again for the invite 1st, actually it's quite good for a start since we know like china is looking forward to expand its presence in the, in the region. and of course of the, in the economy recently it's been performing well for the past few years since cove . and there's a lot of plans for expansion and division for 2013. so definitely it's a good a, it's a good arrangement of going forward. as you mentioned, it's uh, 3 years arrangement and could be even, but it, but it who is it better for you say that the saudis economy is, is on the rise. china is at the moment, isn't, isn't it isn't a sport of either,
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isn't it? actually, both of them would benefit a certain, a certain threshold. so for example, if we take into consideration for saudi the exports of saudi arabia towards the china, there been increasing at the base of at least 13 percent for the past years every year. and this is something very uh, crucial to have such a new arrangement that the other side china is looking to secure its energy supplies. and we know that china is the top of them for 3, or 4, or 4 se energy. so, so this is definitely this definitely the base of like the drawers in order to expand this relation that started with that it could expand to other sectors. there's a lot of, uh, opportunities we know that the chinese economy is the 2nd in the world. they're trying to expand their trying to cover as much from coven. and of course, so the regular can find a lot of opportunities in the chinese economy. well, also for the vision of 2013 through the belt and uh there was the present road initiative. also, china is looking for more strong partners, likes out every day. so what are the implications of this, this,
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this new found the relationship between the 2 countries for the rest of us, for the rest of actually like having more of this relationships it's, it's better for the global economy because this would facilitate to trade and also would make it easier to do more investments, and this would create opportunity. so of course, having such such arrangements as good for the, for the economy. and if we see a lot of these arrangements happening, you mentioned that china is at least then that's where equal 40 countries with these arrangements. so this is also facilitating business more and more industries, but it's a drawing and expanding that all of what your needs to call them into a global economy. and this would enter and come back to get the opportunity. and what does this currency swap arrangements i know those like it with china? mean for the us to all of the greenbacks. actually a lot of a lot of the parties are excited about the what do you call the diesel orientation? what do we heard about that recently? a lot of the media over, we're still elizabeth far away from that. the for just look at some figures. so the us, uh,
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the reserves are down 59 percent of global preserves of central banks to the trade of funded by the around 84 percent this year. yes, china is such that increment that china is doing with a lot of counterpart. these are increasing gets sold, and then from the enter nationalization of the u. one, however, we're still very far away from just reaching where the ball it is at the moment. ok, so saudi arabia expected to join the breaks nations in, in, in early and 2024. what, what do you make up that is not a natural fit for saudi arabia actually is, it's a good, uh, it's a good stuff because bricks are looking to, especially with the look at india and china, they're looking to secure their energy supplies. and this is one second, there's a lot of chances for the full, for these uh part is to contribute to the performance about the performance of each other. we know the since you everyone is looking to expand their, their economy, especially in post cobit and all these. we're looking at china, we're looking at india and even with the plans to sell the house for vision, 2013 has made such good uh, strategic members that could help and the prosperity of the kingdoms economy. do
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you think we could have a say sadie oil sold ex 8 and you want and so like like the, the chinese what we're asking for that's, and you mentioned the chinese presence wasn't try and saw the velocity and the also but stressed on that. however, it's still not that easy, this courtesy swap agreement that starting for non or traits. it's good in the future. turn to that, but going into that way. it needs a lot of what you're political assessments, but could you ever see see the day in or is it, is it in the distant future when that will happen or the near future where buying a car and say like b one would replace the dollar as the preferred is international currency of, of last resort. it's going to happen, but not the foreseeable future is to take season tickets for what, according to the place, the dollar, because the flow for many factors. however, yes, after the crisis that we've seen and you'd have a lot of countries are looking to reduce that alliance and dependency on,
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do you spell it? and then based initiatives that are part of this unwinding of the dependency ends lines. however, just going into a could kind of see that's what the replace the bothered at the moment and the foreseeable future, it's a bit toward while it's been really good to talk to you, what kind of the cost saving here. i think i understood all of that as well. thanks for explaining it so well to some of the financial aid. pleasure. thank you. and that's our show for this week. get in touch with us. if you want to comment on anything that you've seen, you can tweak me on x on a so they can try to use the hash tag h. i see thing you see when you do or you can drop us a line counting the cost and i'll just 0 don't that is our email address. as always as possible for you online at alpha 0, don't com slash ctc. that takes you straight to a page, and then you'll find individual reports, links into episodes for you to capture. that's it for this edition accounting, because i'm adrian instead of going to go home from the whole team here. thanks for
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with tips of global nickel reserves. indonesia is points to leave the global battery industry. we definitely manage our abundant resources and play a role in solar energy, harness offerings, 75 percent of global carbon credits, essentially submitted by mental protection, enhancing investments, alignment digital licensing, your better tomorrow the, the death and destruction will turn to gauze of expire of a ceasefire. between israel and some bucks, a 178 palestinians have been killed since friday morning. the
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bulk of this is i was just there a lot from the whole. so coming up the

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