and this is the 1st one i saw that we see the real time it's the victims themselves . there's a disconnect between what we are witnessing on social media versus what we're seeing on mainstream. it is always an attempt to scream at the 2 sides of them, but there is no 2 sides to this. the western media does have a western bias who understand what they are looking to stay out and raise. the listening post covers how the news is covered. the hello i'm adrian said again, and this is counting the cost on elders 0 your we can look at the world of business and they couldn't mix this week. us dep continues to grow its own tracts to reach more than 50 trillion dollars over the next decade. should americans and the rest

of the world, people are rich dumps with nomics taylor swift concepts a set to boost local economies. does the american cigna travel big economic influence as well? many european nations are exploring a short of work with greece, is introducing along the office hours for the little the 6 they showed you bought the, the us is more than searching for trillion dollars in debt. that's almost equal to its entire g d p. the figure is big, bigger than any of the nation's debt, but does not matter. when washington issues the world's leading was of currency. a new report by an independent fiscal watched august, now sounding the alarm among financial experts. the congressional budget office says that by 2034 that is expected to hit 122 percent of g d p. that would be the highest level ever recorded borrowing changes in tax and spending policies. so

could the tired of reading get out of control of the us default when it's debt. we'll discuss that, but i guess shortly, but 1st, alexandra bias reports more than 50 trillion dollars. that's how much the us government is on track to. oh, it's creditors by 2034. it's an i watering number without precedent. it will be larger than the countries entire economy, 122 percent of us g d p. higher than at any point in history. the us already has the largest debt burden in the world. and the government keeps spending more than it's bringing in. every year it borrows to cover that gap. the money is going to social services like health care, as well as defense. but a huge chunk of the budget is just paying interest on what it borrows. and thanks to searching inflation and high interest rates,

that's getting more and more expensive to do. critics say it's the very definition of unsustainable, a spiraling debt truck to. as of right now, the us spends $2400000000.00 a day to pay the interest on its debt. more than it spends on the military. by 2034 . that number will be more than $4600000000.00. as much as it will spend on medicare amounts of money that can be spent on the things the country needs, roads, bridges, health care, and education. republicans and democrats, blame each other and in deep political gridlock during an election year. can't push through the solutions they need. tax increases and spending cuts, social security, medicare is off, is off the books now. instead they kick the problem a couple of years down the road with stop gap measure is that only postpone yet another tax and spending battle. you don't have to turn on the news to see how

tough things are worth. $34.00 trillion dollars in debt. we're having to borrow money just to make our interest payments. china own some of that debt. and i would love to tell you the job i did that to us, but i have always spoken in hard truths. and i'm going to do that with you today. donald trump that are republicans, did that to us to the american public is already under strain. the cost of owning a home is the highest in 30 years. i feel for those people who are struggling and need to get out of and get some place before it's too late before they're out the streets and many feel less optimistic about the future. i think because of how expensive it is to live now, and a lot of people depend on like their financial situation to make them happy. and

it's, it's the struggle when you don't have the financial stability to like live and the us that spiral threatens far beyond its own borders. in april, the international monetary fund warrant, it poses a significant risk to the global economy. it drives up boiling cost worldwide, and fuels inflation, leaving billions of people potentially paying the price for american economic policy. alexandra buyers out 0 for counting the cost. let's take a look at just how big the us debt is. $34.00 trillion dollars is run the value of the economies of china, germany, japan, india, and the u. k. combined, it amounts to $259000.00 for each household. on $101000.00 for each person in the us, it would take 22 years toward paying down to that if each family contributed $1000.00 per month,

the vast majority of us debt is held by the public on foreign creditors through bonds and other borrowing instruments, the rest of it is held by government programs such as social security and medicare . its debt is held by the public as a share of the economy. the worries economists most, the debt to g d. p ratio measures just how much the us owes versus how much it produces at indicates if it is able to pay back it step. now that ratio is expected to reach 122 percent of gross domestic product in 2034 dwarfing the nation's fiscal position, following the 2nd world war. for more on this, let's talk to how it read. he is the director of lambs and economics, and he joins us now from coaches to in the u. k. community with us. how so? how long is this report then from the congressional budget office to well, i would say is no, actually what i was a, the upfront numbers look quite big is no, actually that allow me because even look at some of the countries resolve who japan

currently has a debt to g d p ratio of around 250 percent. right? so about in terms of us, relative to the size, these economies go twice as much that as the us. and there isn't really that much concern that japan's guy and the phone. there's a little bit of concern, but not much inside of the us. what? yeah. what was based on this a big in the context is that during, you know, the eighty's and ninety's, for example, if i still a very long way to go. and when we talk about that what, what do we mean? i mean for, for you and i, if we're a dead, talked out it's all credit cards. we owe money on all or loans or, or a mortgage when a country is in debt. what does that mean? well, it means that i am, i have better is that the body in some, some of that, that is, i didn't assign why you to kind of foreign credit says uh, you know, uh either cool for or pension funds, etc. summit that the is that she owns, robbie us institutions decide that becomes

a big lot the last time during the roy and um and the other thing. so the other thing to point out is that the, the us issues, it's on currency to the apple, even fee rate, it come actually goes bankrupt because it could why, why is issue more currency to pay off the debt? that's not necessarily a good thing today because it could increase in price than it could, the value that the except you're, i'm the us. oh oh yeah. it comes with the issues. it's on currency. i'm having allows, there is no, the site is a house. i'll do a cool price and having allows that there's crease, there's decrease your difference that you can assure resign currency to service that, that so do you mean how that, that there's no danger that the us could default on its debt? i think there's 90 days of us can default unless for some reason now she wants you to default, which is on lot of the sometimes countries have decided in the cost the opportunity developing comes with it. i should be easier to default and kinda start afresh then

trying service that service that, that but the, the us, you know, technically doesn't have to have a default on the space that is know that they're also drawbacks to having a very, very high debt to g. d, p restaurant, i've went into several 100 threes and thousands of percent because, you know, i'm servicing that that could create inflation, could reduce the value of the currency inside get. i could make people well self in the longer run, but that wouldn't be a default. it would be, yeah, of the kind of economic problems that arise from that for us consumers. all right, so it could make americans worse off in the longer run. what about the rest of us, how we affected by this? well, that's a really interesting question. i don't always become so ready back clear on that. to be honest. i mean, we heard in the, in the, in the video you print out the believe you have me on people assigned the extra us boring could, could start inflation. but i think that's very much the jury spit out really on

whether that's really the, the, the cause of the racing cost of living cross isn't even pricing that we've seen. because we've seen inflation and shipping in across many industrialized countries. the u. k. the use of other countries as well, but most of them have the most and don't have the same kind of size of that to g d p ratio. haven't had the, the, the, the increase in the that's d d p ratio of the arrest i the last few years. it seems more like either this or not because 90 and the recovery coverage 90. so the things lot supply both to next. i'm prices rising for produces input costs, etc, driving and the pricing rather than mounting government that that would be my to my position anyway. okay. so why does that continue to grow? and it was why did, why does the us continue to borrow beyond its ability to pay it back? and why does nobody in the rest seem to what to do anything about this?

well, they pass a very good question. never 2 things really. i mean, one is only on the spending side, there were a number of programs my social security. medicare also increased military expenditure, a huge increase in infrastructure expenditure through the impression reduction of the, by that ministration. put fix that needed to be done because shoes, parts of us infrastructure, simply forwarding to pieces. so it was a big price for invest the millennium side, moving to rules 0, coughing, and converting the economy to lot of call. and so on the spending side, there's been a, basically an extra spending for on the top side of the trumpet ministrations. when it costs the types of cops i didn't $27.00 se, uh, reduce tax type person. i'm not to trillion dollars out of the 10 years. and so a lot of those benefits went to the most well and corporations. and so there's been a huge reduction in the amount of tax that the, the us economy is actually getting a. now the point that ministration is planning to buy those costs expire if boston

is re elected in the coming election. and so the, the american enterprise institute is full cost the, the, the, the extra, the extra tax type under the funding plan will be around full $40.00 over the debt k 2025 to 2035. and that we've got some why tools currently helping product, the product, the how would it be in terms of, um, the gap between what the, what the us government spends and what it gets in. so there's 3 things going on. one is the spending alone and the other one is the note type. so you know, the 2 things. how it has been really good to talk to you on cash and the costs money. thanks, and thanks for being with us. thanks very much. nice to great. thanks. she's taking the world by storm. american singer songwriter taylor swift isn't just the music icon, but it economic phenomenon to dump by some experts. a swift no mix. because when swift performs in town, she wireless. hundreds of thousands of fans on the so called swift is spend

a lot of money on tickets and services like restaurants, hotels, and local attractions, driving economic growth. but the super styles, tor could push prices up on central banks, believe it or not, keeping a close eye on how fast is going to affect inflation. a concert goes spend on average of $1300.00 each. taylor swift, era's tool that is affiliated film is estimated to rejected billions of dollars into the us economy. arrows is the highest grossing music tool ever. on the 1st to reach $1000000000.00 in total ticket, gross sales globally. swift to perform in 18 european cities in the coming few months in hotel prizes across concept. cities are expected to increase by 44 percent on average. according to a recent report by lighthouse, london is hosting more swift performances than any other city in the world, drawing nearly 700000 people in 3 days. a report released last week says the mega

stock concepts will boost the city's economy by around $318000000.00. a ball trace consume a spend research found that swift store is expected to boost the u. k. economy by $1260000000.00 for a challenge, reports from london. it's being cold, swiftly know, makes the genuinely economy please think affects of disco attempts. human well tools. $380000000.00 for the london economy. according to the london mass. 1.27000000000 from the u. k. economy, according to follow these bank and 8 super friends, he unsafe streaming towards wembley stadium behind me. what is spent on average, a $1000.00 each on tickets travel accommodation, food outfits off the policies, etc. you can see the money's rolling and i'm assuming you might have spent that i'd say that maybe a little more. sounds about right maybe per ticket. right. but ticket,

but then you've got a combination. yeah. you started about airfare and then you put a number on it. like it would you know, has to be an expensive yeah. yeah, i would say the good some ation outfits. yeah, yeah. so we paid much for pumps for to each doctor from the top 10. i managed to get pretty much every single vintage. so our with time out for is going for about 40 quest. we thought it pretty well when to punch it by. i'm doing 2 more time. so i've got to make the money. you know, just say what i'm going, i'm going to come in twice again to wembley. and olga london is one of the richest cities in the well, they puts on hundreds of thousands of musical and sporting events every year. but the man's office knows that this is on a different scale. let's go to his property as any diehards with the 1st thing that london is hosting more tightest with confidence than any other city in the world. and that 700000 people are least,

will have seen her live and not since the beatles old elvis presley mcdonough alarm, or michael jackson has the lock. this being said, and if you're looking at just the cold hard cash, not ever for each out in the counseling the cost. joining us, not from funding a miss maria cielo, who is the assistant professor of economics at the university of dunning. i'm good to have you with us for it. now, as an economist, what do you make of switch? no makes. is it a real phenomenon? or just type a face to allow me to study of phenomenon as we come see, tennessee di has been very successful, businesswoman. it has been made a lot of time to start teaching decisions. and then when we talk about 6, don't all makes the we mean the economy, inc cox, that taylor ceased um, has on body to staff doors, which maybe i'm leaving by head towards unconscious stairs. and of course, we also have them and say, suspecting that she brings to indict at the spending. so all

central bank has rights to keep an eye on what's going on here. could taylor swift actually have an impact upon a country's inflation? and that's a very good question. yes. think about i because we, as we said, such phenomenon is something that we construct. she start past the a good, almost turing and that's what we need to make sure that done depending on the corner we of course. so he's the one that caught on me, so there is a high, let's see the higher possibly be that the head of space when she towards they are, she will bring the much higher even possible. they call them in may, most likely to increase the process that the longer the tenant done, al, actually caught on me. so depending on the economy, of course, but always we need to keep an eye because we saw that lodging. probably. she has seen jenna and a little girl by me as we hold in that reports with diesel spending

a lot of money in order to see taylor perform live. surely that just means that they're not spending money elsewhere, doesn't this? so what i expect to get on economies is that varies uh the location was spending, so the funds or saving money to spend on taylor c. ready 3rd t guys, merchandise and so on, and they're competing from somewhere else, but i'm expecting that they are coming from long distance to the board, for example. that actually would, instead of going to, let's say, at holidays in spain and the u. k. am they asked for the money they come to london for head to or for example. so, and i'm expecting that then it has started boats, they will, that will be a spend on those. but then they are saving for a long time just to go and check choice. so who actually profits from timeless rep? i'm out focusing. she's making a lot of money herself but, but who else is making money?

so as we can see that he said a, the immediate short term impacts on the low kind of economy where she doesn't have to have a concept so that i seek to that she doesn't have to immediately has a positive impact because they need more on us people, these are the more tories a we have a more of the, the one for what child dying the merchandise and so on. and that for that i'm as we can see how it would be mining and communities, we have higher prices, but this does any positive funds. and so the more money they're spending, the funds seemed a c. t's in those amani, sorry, injected back to the low kind of economy because some of the spending and as we can see, because she has like below 5 tour any products, something that you've changed bumps you've easy that embryo, believe it will cost him and then long though we come see that there is also the national ex text us on the economy. we are,

we comes to the media to lee make those come to m o c t. what a tough to get a choice. of course we no longer shall wish. um, oh, it has many tornadoes, so either student cheese now that more popular jewel flushed in taylor swift. and finally, globally, this is something that when they pump several chess clearly before long term effect, as we the more they town, they'd called always in the countries and made tedom bria. many thanks. indeed that's it. that's great to talk to you. i'd have didn't ask you, i was 50. have you, have you been that just to see her? ah, yes, a very good such as you see. i haven't managed your to what commitments but that we um tie in the 10th grade. so please. all right, maria. thank you very much and a good to talk to you on comes in the cost. thank you so much. i. it's now coco farmers in west africa, 2 hundreds of rubber as production costs, right? as they say that i'm like co co,

something robot isn't as intense as less costly industry. analysts say that the current dropping output is due in part to the gradual shift by fall those to the rubber crop. i'll just here is i'm gonna address reports from april bill in the library coast. the cookie industry in west africa believes these white dripping sap as the biggest threat to the scope of supply of to climate change. a growing number of farm was either diversifying into not to rubber or to anything that backs and crap that sustained livelihood for generations and put ivory coast on top of the global list of coca produces. so why do go most is a president of deluca, coca cooperative and non brookfield town. lots of the business capital. i'll be show you problems. both groups evaluate mostly and so policies and things. so now you know, farming rubber is like being on a salary, you harvested almost every month on like cocoa, which is harvested once or at most twice a year. they may not fetch as much cocoa,

but at least you have something to live on every month. it is not to worry about production in ivory coast roast for 170000 tons of just 3 years ago. 1.5000000 tons of great ticket to propelling the country to the top 3 purchases weld industry. analysts believe it gets a positive comment output for the trade to trade to the trade to trade force and use it. climate change in sort and production cost, forcing more farmers to switch to robot. while rubber trees taken nearly as long as cocoa to produce a 1st output, they require less hard work. and i'm like cool co rubble prizes off the table. something many pharmacy i appreciate for their own financial stability. as those of consent for the corporate industry. as for harvest means less income for both farmers and produce agents will buy the cocoa beans. so some labeling unfit beams, that's fat drapes that defied that way. they can charge more for the produce ivory

coast, cocoa, regulate as high as 95 percent of the beans from last season. warmongers fat right to certified, the previous reader was around 50 percent. it has suspended the certification process to allow for what it calls transparency. colquitt, diversification, and sustainability consultant edmond on says the co create industry is that across road small scale on from farmers, provide 90 percent of the low supply. they have to do that us. nobody, some conflict at any time. the content on the couple of trees is not like big farms that can, you know, be controlled and the photo sloane order forms. you can't control them. it says a cool, clean disagreements come up with an acceptable support system. to have pharmacist will continue to live in poverty while supplying a multi $1000000000.00 industry. if not, fuel farmers would come to visit the crop,

which could mean high prizes for the chocolate box or the supermarket shelves. no greek employees work longer hours than any other workforce in europe, with an average 41 hours per week. many of them now expected to work even longer. the government has introduced a new law that enables employers to implement a 6 day work week starting from july 1st. employees put in siri, choose if they want to do more office hours to do the. those who work more will be paid for the change and label is aimed at solving the nation shortage of skilled workers. among other issues with the legislation includes employees and some industrial and manufacturing facilities along with businesses that provide 247 services. food service and tours and workers are excluded greek workers and protested against the bill. the day before it was passed saying that the of a whole could create bob barrack conditions, any nations, particularly in your for experimenting with a full day showed you with some studies showing that it increases stuff.

productivity of joining us not from the land is jens best in who is an economist, focusing southeast in europe at the german institute for international and secure cfs. good to have you with us. one of is grace introducing a 6 day week, but as we said, a lot of european nations looking at sharpening it was a right. i'm feeling. you can say that it's a contrarian move by greece. but greek legislation in many parts. a few hops, you know, have companies experimenting and employees warranty for a more week or 2 good working? or we can nominate from the coven, 19 days, the introduction of home office. in that sense, greece is going in the opposite direction by the introduction, will statute totally no longer working hours and longer working weeks? could this potentially back files? you're thinking that there may be a longer working week, but productivity, good for. i think productivity here is an important issue. i'm not convinced that

you combines productivity for longer working hours. in particular, i sits in voluntary, it's about working smarter. it's not about necessarily working longer for activity gains can be achieved, otherwise better education, better pay for your work for us. different forms of equipment, an equal opportunity for men and women in the workforce. grace rank something like 15 a in the you in terms of its minimum wage. is this going to have an impact on, on wages? do you think will work is be paid extra for the alice that they work at least one page is suggested that they will be paid higher wages if they work longer. but one should not forget that, that may also mean that within our higher pay, they also then move into a higher tax bracket and make higher social security contributions. at the end of

the day, what they take home may not be that much more. that is really voluntary to greek workers actually have the power to say, you know what, know i'm on, i'm sticking to a 5 day or a 4th a working week. i think that anybody who's familiar with the creek political economy knows that the negotiation position of the employer is stronger. employers have discussion about how to implement longer working hours and to say no to suction employer. you may risk losing your job. you may risk that your fixed term contract is not prolonged, then you will rather say, i'll do it even if it's in voluntary. really good to talk to you on counting the cost many thanks and thanks for being with us. and to help you. and that's our show for this week. if you'd like to comments on anything that you've seen, i'm at a fit again on x. try to remember to use the hash tag h i c t c, or you can drop it online,

counting the cost of l just 0. don't net as an email address. as always was plenty more for you online at al jazeera dot com slash ctc. that takes you straight to our page, which has individual reports, links into episodes visa catch up, but that's it for this edition of counting the cost. i'm a tree instead of going from the whole team. here though, thanks for being with us. for news on al jazeera is next. my name is brandon jackson. almost 3 for louisiana. i've recently been released for web. the $25.00 and a half years have been slee now less than 90 days. after a lifetime of prison, a man is now free to fight against r k racist laws that belong to the past fault lines, conviction on a jersey to interrogate the narrative is the u. s. has continued support for israel

affecting his global standing. no question about the united states has effectively complicit the genocide challenge the rhetoric. yes, the correct but so is the international community. can we also say that deals? the cornerstone of democracy is having a free and open democratic pro upfront without even if you look at reach countries which are now being impact about climate change . almost invariably, the most vulnerable of people who are suffering now are poor people in the us, for example, this one is which is comes from the world and the 25 percent of the populations live in substandard housing. but it's important to understand that. so that's climate change is an issue that a shot through with any policy in multiple respects. and we see it in class terms. first and foremost, i guess the most obvious way we know that it's the rich us that are overwhelming

and responsible for, for accessing machines. and so there is a very big disparity amongst who was the problem and who suffers the consequences. the is there any forces intensify attacks across guys? more than 40 palestinians have been killed in just 24 hours from london. is there any forces from mr. j? a neighborhood? east of kansas city forcing if the 60000 pharmacies means you're watching algae 0 live from to houses and 40 bad people also ahead. yvonne

head suite for.