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tv   Counting the Cost  Al Jazeera  December 6, 2023 8:30am-9:00am AST

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into requests of the end of the peacekeeping mission, both to go to work to non jerry's army has admitted mistakenly targeting a religious gathering and a drain strike. and then within state of could do not least 85 bodies have been recovered from the scene. nicholas hawk reports the died in prayer on sunday nights in nigeria is northern. could do an estate hundreds gathered to celebrate the anniversary of the birth of the prophet mohammed and his teachings of love. peace and kindness, their arms raised to the sky above a night. jerry, the army droned, observing them from their vantage points. they saw no worshippers, but what they described as terrorist from central command came the order to drop 2 guns. at least 85 people were killed in the drone strike. many more injured and in critical condition are being treated in hospital begin. we were celebrating monkwood when the thing came on dropped the bomb. some died, some got injured,
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we're done into the house. when the men heard what happened, they came out to check and that was when the 2nd bomb was dropped and most people died. nigeria is army, is doing what few armed forces do admit to its mistakes. imagine i was was able to, you should i just get orders, but unfortunately some members of the to, to be the community to where are we gonna fit when person lost 13 members of his family, this right. grief is turning to anger. this isn't the 1st mistake from nigeria in the military, in an effort to bring to an end to the 14 year long conflict with book all her rahman criminals. civilians have been killed, mistaken for fighters or robbers. president bullock, i'm a new bu is calling for a full investigation that is coming into office in february, tackling secured he says is his top priority and
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a bit to bring for an investment to the country. but also to reassure a growing number of nigerians who have lost trust in a security force that appears to target those, it's meant to keep safe. this is the community in shock and in morning left to pray to god, to the protection. the state can't seem to provide nicholas hawk alger 0. okay, that's it for me. my, the inside of my they can keep up to date with all our news on our website out. is there a dot com counting the costs coming up next. the challenges with
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the other one, adrian said again, and this is counting the cost. i was just a regular with the look at the world of business at economic this rate. nothing to return to israel is more on cause it has wiped out in time neighborhoods have reduced businesses to rumble. so who compensates palestinians for the destruction also this ranking shrines in germany's constitution, the circle that breaks a sponsor, a bunch of crisis pools occurring from borrowing limits to be relaxed. plus china and saudi arabia agree on the 1st currency swap on many nations are increasingly moving away from the us dollar to settle trade.
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israel's relentless bump, bump and of does that has killed and injured thousands of palestinians. the human cost is in your verbal, the total on infrastructure is massive. simply absolute destruction of a lack of basic requirements to sustain life and time neighborhoods, homes, schools, hospitals, churches, and most of all been targeted. whoever runs guns off of the war and this will have to rebuild the strip and create a functioning economy, while many palestinians who managed to see what remains of the homes during a brief lower, the tax was shocked at the scale of the damage. okay, long as you can see, thousands of residential units were destroyed. the same with other visit shall complex's in the north where to go where to sleep. i know this was my house. 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,
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i will not abandon my homeland. because i am the, could i ask you how the, my memories that my home is be my memories. i would never let it go. i live for 23 years and i will stay in it. even if i knew smo prostate remains yet if in the degree that it's a bust of shocking, took me a lifetime to build this house for me and my brothers, and just like that. then i'm back to square one. and we are a family of 4 houses, 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 in what was once the kitchen that was the fridge and that the of this is the only area where we could sit the rest as a total wreck, as well to 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 garza. and a recent report, he said, carrying out facilities with the knowledge that they will systematically destroyed
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and damage civilian housing. an infrastructure rendering an entire city such as garza city uninhabitable for civilians is a war crime. 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, have been damaged or destroyed the you and says that many 45000 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 $625000.00 students at the basic rights 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 flour. water facilitates across casa, i've also been targeted. well,
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the latest conflict is estimated to cost much more than any of the full previous was on goes up. the 3 week rule that began in december 2008 and ended in january 2009 cost of destruction announcing to $2000000000.00. that's according to the world bank. from us, says the 8 days of his ready attacks and 2012 cost cars at $1200000000.00. daily $6000000.00 was estimated to be the cost of rebuilding garza after the 2014 war and the damage of economic losses. pharmacy is ready to attack in 2021. amounts of to more than half a $1000000000.00. western countries have considered using frozen russian assets to rebuild ukraine. last year, poland demanded the one trillion dollars in world war 2, reparations from germany. also in 2022, iraq completed the payment of more than $52000000000.00 and compensation for the damage cost by it's 1990 invasion of q weight. so who pays for the destruction in
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gaza? of how much? joining us now is the time a combo tama is the system professor in public policy and administration of the institute for graduate studies godaddy with us on the, on counting the cost is going to even going to be habitable. after all of this, given the scale of the destruction that we've just outlined, yes, there is a chance that will be happy to. but if an urgent editor cover the and, and the construction plan is initiated immediately after the end of this war. so the sense there is a sense, of course, i mean, i mean dozens of lower level. so there is no plan be forgotten. and so we have to believe that it has to be happy to have a little more 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 state and government and this and this. and
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by default, this is related to how would the plan and implement that construction plan which 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 view of the perspective like, you know, the, the 2009, the 1st to the construction, a operation. the dorms that i'm after the show each war and goes up the ledge. nearly $5000000000.20 costs little patient. there was 3 point to the pledges as well. so didn't the size, the sheer size of construction. now we have literally talking about something similar to what's called a new motion 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 the thing is, will not be if, if we live in a foot unethical awards, is there it is. have to pay because they causes this, this a section on us that they should not i, i believe that this would be
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a compliment when it comes to this. because most of the destruction that's happening does this has private ownership and also it 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 7 for such a name. it's mainly these are going out of money by say don't, let's say listen dollars out of dollars and international doors. but listen daughters, especially in the europeans to you, they use one of the largest doors and i've seen in authority, followed by, i mean, the americans of japan and then out of dollars, you know that the, the gulf countries, you know, 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 dividends which is aids, you know,
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that's going to get the piece should be brought to add to the discussion of the paper by the, those on these ladies. i mean, because there is dullness which, you know, many donors now the todd from seeing the money being wasted in every adoption of conflict or the secular violence in the person and an occupied by this time. so that has to be a discussion with this. not, i mean, especially in the future of guys after this, what is the, what else would be very blunt about it and say, we went into this, we would have core support, but a scene has to be covered. uh, but that has to be conditions of sense, so i'm going to be 3 age special needs for these ladies. this is ready for it to be forced to pay the man who attends, who's going to force as well to pay for, to the side of the israel should should be paying one out. here we talk about the just the, just for that as i sent the national system. i mean if the, if you like have to pay for the weight as have meant exactly. and if, if, if the idea of. busy c, using c's, but i sent assets for both of us and us as well. so the to the 3 bits you claim, then we have
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a precedent that it should continue with this. we are correct. but the thing is that the national, well, what's the comforters? mainly percent countries ready to use this on? is it or not? i'm not sure to be honest, but i if we live in a trustworthy it should happen is i should be accountable not only for the dyslexia for human losses, all these certificates. i've lost that wise, they have, they have to be compensated for them. so i was going to ask you about, you talked about personal on the ship as well. a lot of the property that's been that it's been destroyed was, was personally a privately owned us. if it fits it's not, your business is organizations. i mean, even if they could have gotten insurance, it engulfed. so it wouldn't paid out because this is an active or not socially. people need to be compensated for the individual last, it's not just of, of, of property but for, for lives lost as well. yes, exactly, exactly. i mean, those for just, i mean, just for you of us. so there's no issue. definitely guys. i mean, shoot us is not the scheme that implemented them guys. old governance law about sort of seemed like in other countries in the world. so these are the people, i mean, who psychologically they have to suffer for the loss of their loved ones that
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houses the properties, the needs of income. and so, so yes we so, i mean, i mean, i mean, it's hard for me even spoke about financially compensation. people have lost their 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, 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 yes of this has an excellent point. 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 it. now that doesn't mean that the dentist would stop interviewing. no, i'm old and i'm all in for human. attending a to pick and now i'm to be needing to be up scale to human, to $10.00 and $8.00,
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which is necessity to put a license for the for which is the load name it's, i mean, so this is a must be perfectly people alone and the situation was this florida 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? meaning is how much is the, is going to be empowered or not? that was the, don't need another entity be to fix it up government or a government funded by the be the by the, for the single thought of the little guys 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 it be the feasible one the most because of the one cause the, what is the probability of next year. so however, if we had each scenario where let's say, how much is not involved and government goes up, this would be ideally for many less than dollars. well, uh the fuse or to have been very shy of supporting for the students because of how
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much control of, let's say, governance, governance institutions, correct. uh, other donors back to see out of dollars most them dollars. they don't have any conditions. they support any projects. so that's if, if, if, if, if, if i'm going to speed up building is, is damage, not what was was, but i'm getting this for some odd dollars will say i got a bill that i have no problems, even if it's something behind us. what would be on us, but then you'd have been doing those with some of those on 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 how much support of these will say no. this is unable for me. i will just focus on a minute then and 8. then we'll end up with the situation of like mentoring gates, and this will not go well for the 1st thing is because after this route on the last good of destruction, we need the systematic comprehensive reconstruction plan that really that because everything's together and it's not about just reconstructing what that been a bump or damage, it's about creating a sustainable future for god's looking. which means is it a aly met?
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it's a control measures it'll blow kids. uh have to be also at the us. i mean, isn't a kind of typical problem over the borders and also it's controlled over to say that the construction process by delaying materials fitting that. that is the thing beneficiaries of, of the, of a general because it has a payment system of knowing this, delaying the sample size with us. so we need to specify what it is. it's about the good thing. so seeing the benefits of does a lot just addressing the media outcomes afford, but also creating an environment for it does have to be a normal country, a normal step, like any other countries in the world that's destination. so great stokes you will come to the cost less than any. thanks steve for being with us as a 1st time and somebody who's 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 bind was meant to stabilize public
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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 time spending, sparking a budget crisis now cools, growing to abandon the borrowing limits. as dominic caden reports from building a. this was, this is how jim and he's financed ministry tries to explain. 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 siri, the mantra to 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 low during the credit crunch. they felt it necessary to anchor something in the constitution that put a desperate on spending to show responsibility. and of course, germany has always sort of whacked the finger at other countries and the you that
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the over spends, 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 and spend money borrowed to fight cove, it to finance climate change policies. the supreme court in cods, what rule that to be unconstitutional? leaving a multi $1000000000.00 holes in this year's project and causing consternation 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 nations 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. and this ruling creates a new reality for the federal government and for all current and future federal and
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state governments a reality. however, that makes it more difficult to achieve important and widely shared goals for our country. having improvise the solutions of 2023 ministers and not having to account next year's budget and the remote possibility of a $220000000000.00 thoughtful, 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
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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 new elections. the new laws dominant came to cancelling. the cost full in china is saudi arabia is top trading. part of the largest buy of its oil trade between the 2 nations amounted to more than $106000000000.00 in 2022. the relationship brooklyn's last year made is of the 2 nation side, a comprehensive strategic partnership during a visit by the chinese leaders, fusion thing to re add the agreements with billions of dollars included collaboration on infrastructure projects. and technology was hailed by badging as an e. polk making milestone in the developing to chinese, our relations. the 2 nations have recently moved to strength from financial cooperation to they've signed
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a local currency swap agreement with many $7000000000.00, which would 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 of agreements where by central banks land and borrow each of those currencies on a specified data, 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 swamps 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
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currencies and 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 you, one stands up less than 3 percent. the chinese currency is still behind the euro, the japanese yen, and the british pound. well, joining us here in doha is why, oh my god, i'm 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. but in global economy times it's are going to be small amounts. so how significant is this currency swap arrangement between china and saudi arabia? of thank you, adrian 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
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region. and of course i'll be in the economy recently. it's been performing well for the past few years since cove and then there's a lot of plans for expansion and the vision for 2013. so definitely it's a good a, it's a good arrangement of going forward. as you mentioned, it's 3 years arrangement and could be even better. but who is it better for you say that the saudis economy is, is on the rise, china or something, but isn't, isn't it isn't a sport of either, 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 has 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 a top and for 3 or 4 or 4. so it is energy so, so this is definitely this definitely face of white enroll in order to expand this relation that started with it and it could expand to other sectors. there's
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a lot of, uh, opportunities we know that the chinese economy is the 2nd in the world. they're trying to expand. they're trying to recover as much from cove it and of course, so the regular could find a lot of opportunities in the chinese economy while also for the vision of 2013 through the belt. and that was the best and drove the initiative. also, china is looking for more strong partners like how they're reduced. so what are the implications of this, this, this new found the relationship between the 2 countries for the rest of us, for the rest of actually like having more of these 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 opportunities. so of course having a such such arrangements is good for the. busy for the economy, and if we see a lot of these arrangements happening, you mentioned that china has at least and that's where i go forward to countries with these arrangements. so this is also facilitating business more and more industries. but it's a drawing and expanding to all of the trainees to call them in the global economy.
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and this would enter and come back to get the opportunity. and what does this conversely swap arrangements on all 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 what do you call the the literary stations. what we heard about that recently, a lot of the media oliver were still elizabeth far away from that. the for just look at some figures. so the us, uh, the reserves are around 59 percent of global preserves of central banks to the trade of funded by the, by the around 84 percent this year. yes, china is such a need to add increment that china is doing with a lot of counterpart. these are increasing gets sold and the enter 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 and in early and 2024. what, what do you make up that is not a natural fit for saudi arabia actually is, it's
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a good the 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 uh, for, for these uh, part is to uh, contribute to the performance about the performance of each other. we know the since you everyone is looking to expand their, their economy, especially new post cobit and all these we're looking at trying to, we're looking at india and even with the plans to sell the house for vision. 2013, it needs such good uh, strategic members that could help and the prosperity of the kingdoms economy. do you think we could have a say sadie oil sold x a and you want? and so it's like like the, the chinese what we're asking for that's, and you mentioned the constrain his presence wasn't try and so the velocity and the also but stressed on the over. 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. and there's a lot of what you're political assessments, but could you ever see see the day in or is it,
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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 international currency of, of last resort. it's going to happen, but not the 1st year, but the 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, do you spell it? and then based initiatives that are part of this unwinding of the dependency into the lines. however, just going into it could come and see that's what the replace the boulder 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 call same year, i think i understood all of that as well. so 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 an x on a so they can try to use the hash tag
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h i c t c. when you do, or you can drop us a line counting the cost down to 0, don't that is our email address. as always as possible for you online at al, to 0 dot com slash ctc. that takes you straight to a page, and then you'll find individual reports, links, and 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 hip, thanks for being with us. the news on al jazeera, this next the humanity has opened the gates of hell into seats is having orlando's effects. as the world discusses how to reduce emissions. supposing an existential threat to humanity, a new oil rush is displacing. you've got the people empower, investigates, the relationship between the mikey oil giants of the global notes and the developing nations of the global south crude mistake. talk to one of 2 on the
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jersey to the
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bottles rage. as israel widens it's assault on the southern garza is right, the ministry says it has reached the center of con eunice. the i'm on the inside. this is out. is there a life.

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