tv Money Clinic BBC News August 6, 2018 2:30am-3:01am BST
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the headlines: more than 80 people have been killed in an on lombok on lombok island in indonesia. hundreds more are being treated for broken bones and head injuries. the search and rescue operation is continuing, but is being hampered by power cuts. last week an earthquake killed at least fifteen people in the same area. venezuela says six people have been arrested after an attempt was made to kill preisdent maduro at a military parade in the capital caracas. the preisdent blamed a ‘right—wing plot‘ by forces within venezuela — and the colombian president — for the apparent attack. colombia says the accusation is baseless. a second world war vintage plane has crashed in the swiss alps, killing all 20 people on board. the aircraft had been returning from locarno in the south of the country, and is thought to have been carrying tourists. swiss police say the 80—year—old plane came down on a remote mountainside in the east of the country. jeremy corbyn has again apologise for the hurt that is because too
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manyjewish for the hurt that is because too many jewish people for the hurt that is because too manyjewish people caused by anti—semitism in the labour party. he ignited his party had been too slow in dealing with allegations. has not responded to a call from his deputy, tom watson, to adopt the full definition of anti—semitism as established by the holocaust lives. reporter: mr corbyn, when will you do enough for thejewish community to be happy with the labour party? he's not answering questions, but jeremy corbyn‘s under growing pressure to do something to prove he's taking the issue of anti—semitism seriously. mr corbyn‘s refused several requests for interviews. instead, the labour party filmed this message in which he says sorry for the hurt caused to manyjewish people. people who use anti—semitic poison need to understand, you do not do it in my name or the name of my party. you are not our supporters. and anyone who denies that this has surfaced in our party is clearly actually wrong and contributing to the problem. all: shame on you! jewish groups are angry
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about the internationally recognised definition of anti—semitism that the labour party has decided to adopt in its code of conduct because it doesn't include all of the examples that come with it spelling out anti—semitic behaviour. labour says it's trying to make the code easier to enforce, but now the party's deputy leader has joined the chorus of disapproval. tom watson told the observer that labour risked disappearing into a vortex of eternal shame and embarrassment over the row. another senior backbencher said mr corbyn‘s video changed nothing and she didn't feel that all reassured by more words. he seems to have difficulty understanding that this is a very serious situation that won't go away with warm words. he seems to hold the jewish community in some kind of contempt and to treat them in a way he would not dream of treating any other minority community. labour insists that mr corbyn has made it clear in the strongest terms that anti—semitism has no place in the party and the code of conduct, which is causing such anger, is about to be
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fully consulted on. vicki young, bbc news, westminster. now on bbc news, money clinic. we're putting money and relationships under the spotlight. many of us find it hard to talk about money, even with those we are closest to. and that can turn into a big problem. money is about power and control. in this programme, couples will open up to an expert to try to get a better understanding of theirfinances... now i know there are people who depend on me. i have to work harder. ..their emotions... it would be so selfish of me not to take care of her. i wish every daughter would feel about way about their mother. ..and one another. it is time to open the doors to the bbc money clinic. kenya's capital, nairobi.
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home to around four million people, from the very rich to the very poor. in between is a growing middle class. people come here from all over to try to make it in the big city. but family ties remain strong. and that for some people creates an extra financial burden. seeing the couples in the bbc money clinic today is life coach and authorjenny karina. jenny is a specialist in helping people get the balance right between love and money. someone said that there is no romance without finance. and whether that is true or not, what i can say is that actually it is documented that over 75% of couples end up in divorce because of money conflicts. and so, it's not about intimacy, it is about how you manage your money together as a couple. would you say then that a lot
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of arguments about money are not about money, per se, but they are about other things? you hit the nail on the head. deep—seated attitudes that we have. deep—seated attitudes, upbringing, parents, exposure to money, environment that you are in, your experience of a time of loss or plenty, all that forms our mindsets and attitudes concerning money. so when we are having money arguments, it is not about the money, it is the emotion that is evoked in us in that discussion. first into the clinic are 29—year—old banker tom and 24—year—old cynthia. she is pregnant, has given up work, and their wedding plans are on hold. in kenya, weddings are costly
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affairs for the groom and his side of the family. in many cases, a formal meeting between both sets of parents has to be paid for. then there is the bride price — cows, goats, and cash can change hands. and of course, there is the wedding itself. it's this long list of expenses that is worrying financially cautious tom. i'm in a relationship with cynthia. she is humble, respectful, god—fearing. she is a homemaker. tom is responsible. i like him because of his responsibility. i tend to think long—term in terms of financial savings, money management, and planning. tom has told me, maybe if i have money, i will buy makeup, shoes. for me, it is not a priority, our wedding.
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it's a one—off affair. we'll have people come and go, and then the amount will have gone just like that. so my idea was to delay it at least for up to two or three years. i'm not sure about that. that's why we must go here. going to the clinic will help us to understand better what we are getting into and expectations of financial matters. cynthia, hello and welcome to the bbc money clinic. hello. tom, hello. so you two are looking for some tips about sharing your financial future together. how are you feeling? i am excited. to be here and to learn. excellent. feeling great. great, 0k. well, jenny is ready for you, so please go in and enjoy. all right, thank you. because we are expecting our first baby, we agreed that cynthia can take a break until the baby comes.
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and then she can resume work. so as it is, i'm the sole bread winner. cynthia, how did you feel when he asked you to leave work and just wait until the baby is born? at first i did not agree with him. one thing i love about tom is he is responsible. at least he opened up about his income, the amount of money he earns. i'm glad you said you were a bit uncomfortable about that in the beginning. because what happens is money is about power and control, and when you are the one with the money, you have got the power. when you're the one without the money, you have no power, you have no control. i know that couples have a lot of money arguments and money conflicts, particularly when it's
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one person that is providing and the other one is simply spending. you make money, she spends it all. she has no financial prudence with the money that you give her. maybe she's a good spender. how are you planning to manage your finances together? before she resumes work, we can agree on an amount that i can be putting into an account and then she can be managing that until the end of the month. and so, tom, you now have the financial responsibility over your household. now i have to focus on the bigger goal. because now i know there are people who will depend on me. yes. i have to work additionally harder. yes. there are friends that i had
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to leave behind because now we do not share the same responsibilities or goals. and so in some sense it has brought a sense of responsibility and discipline to me. yes, great, that's good. but the reality of the matter now is that you now have a family. and so you need to think at a broader level, even beyond the wedding. because the wedding is a one—off event and the marriage is a lifetime. and so even as you think about the wedding, the dowry, and the celebration, maybe we could unpack that a bit so i canjust get a glimpse of what your dreams are concerning that. initially, i was not planning to have our wedding immediately. i had planned we just show respect to the parents, we do an introduction, we pay a dowry in a weekend, then we can do our wedding when we are both comfortable. i don't subscribe to the idea
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of fundraising for a wedding or collecting money from friends for a wedding. i want to fund my own wedding. but for her, she really wanted a wedding this year. some of the family members really wanted a wedding. and so the wedding, the introduction comes with the cost implications. of course, we have the dowry, which in our culture, you can do cattle or a money equivalent. so you can see if all this goes the same year, it's a huge cost, considering again i do not subscribe to taking loans. yes. so it means you really have to deny yourself everything. and allow me to ask cynthia, what you want concerning this relationship?
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i want this relationship to grow into a marriage. because we are still young, so we are experiencing many challenges. what are the challenges? of course, there are cost challenges. yes. insecurity? 0k. it's a bit weird because i have been earning my own money, so it's difficult at times now that i do not earn money. what i hear you say is i am pregnant, i am young, i am in this guy's house, we have no commitment, he can find another beautiful woman, they are born every day, so what is going to happen to me? and you have every right to feel insecure as long as he did not have this ring on yourfinger. and what happens about having a ring on yourfinger, it becomes legally binding. and once is legally binding, then you are lawfully his wife. so i see that is what you are looking for.
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yeah. it's clearjust how much cynthia wants that wedding, but tom still has concerns. what i hear you, tom, say is one, you are really excited about the responsibility of being a husband and father. however, there is anxiety about the cost of the process. and it is for that reason that you are asking cynthia to consider not having the wedding immediately. it's the white wedding. the white wedding? yes. but if you're like me or any other girl, you want to walk down the aisle and sing here comes the bride. is that a reality for you? yes, that is what i want. that is what you want. yeah. and so i see that you are very agreeable, wonderful young couple. how are you planning to build a kitty for project marriage? i have a side business, so i decided the money i get
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from that side business will go towards the wedding. 0k, wonderful. tom and cynthia, thank you so much for coming to bbc money clinic. do you feel you got some good ideas? yes, i feel happier and i think my mind has now been opened up on possibilities that come with a wedding. you said that you feel quite insecure in your situation. do you feel happier now? yes, i feel happier and more secure. that is a great result. i am very pleased for you. might i be getting an invitation to the wedding? yeah, sure, when it comes. excellent. well, i will look forward to it. lovely. best of luck in the meantime and we wish you well for sure. thank you. 0k, well, so tom and cynthia have learned a lot about one another, had a really nice conversation and are feeling better, more confident about
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their future together. of course, it's worth remembering that everybody‘s situation is different, so options that may suit some people may not suit others. we are in nairobi. many here have to work severaljobs to get by. it's known as having a side hustle. we are finding that that pressure is putting a strain on people's personal relationships as well as their finances. in kenya, average live expectancy has been increasing rapidly. in a little over a decade, it has gone from 55 years to 67. but many people are not sufficiently prepared for old age, and children are having to support their parents for longer. 26—year—old faith and 29—year—old emanuel both work in business and have been married forjust over a year. after a big wedding, they are struggling to get on top
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of their finances. this is lorraine's. our parents, they are not employed. so every detail that they need is a call. you work hard. i worked to support our familyjust because from my mother, my dad... they have monthly expenses. they have to go to the hospital twice every month. my mother, she sacrificed so much, i cannot afford to say no to her. so that is why sometimes i will go ahead to make decisions without bringing in my husband. you should try the berries. we cannot make enough money. we are paying alone.
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it is like having two responsibilities that you cannot afford. sometimes it has been difficult. will you check on the rice? sometimes you work so hard that you do not even understand where the money is going up because the bills are too high. you get the money and that has to go to my parents. better. we shop for a month, we cannot afford to shop for every other day. we have to be very careful when we buy. is it necessary or is it not? the guidance i am looking for from the money clinic is a way to balance between supporting our parents and paying our bills. hello, emanuel, welcome to bbc money clinic. thank you. it's great to have you here. how are you feeling? a little bit tense. a little bit tense?
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nervous but expecting to learn. excellent, well i am sure you will learn. this is the intention. i knowjenny is ready for you, so you are free to go in there and enjoy. thank you. thank you so much. 0k, see you soon. when your parents are number one on the list of your financial priorities, i wonder what makes you feel obligated? my mum, she is in her 505 right now, and her income was small—scale farming which does not bring so much to the table. so growing up, to see her sacrifice everything for me, so it should be so selfish of me not to take as a responsibility to take care of her. i wish every daughter would feel that way about their mother. i'm reminded of a young man that was very creative in the manner in which he supported his parents.
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and he said, you know, this every month giving money is a big burden, and so he chose to give a lump sum in terms of a project. and they milk the cow, they sold the milk and they were able to have money for their daily needs. what opportunities could you give your parents in terms of earning from their labour in their home? for me, you have said that and something just came to my head. my mum loves the business. anything she puts her hands on, she will do it with all her heart.
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it is making so much sense that i should actually try and find something i can set up for her, something she can work on that would be a simple way of sustaining her life right now. i can already see the smile on your mum's face. yeah. she is very young. 50. oh, i'm 60! sorry. you say sorry! so i think give your mother the opportunity to thrive in her season. true. now that faith is feeling happier about her mum, canjenny work her magic on emanuel and an outstanding loan? is the loan for a house mortgage orfor a car? it is actually for a business.
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once i got married because the business was far from nairobi, and she was in nairobi, i had to make a choice. and we tried, and at some point, it became really difficult. emanuel, as you talk about this business, i just get the sense that it is a project that has failed. and is not redeemable. that is why i am getting from you. you have no energy even talking about this. i will challenge you with this question. is this business worth having? not really. so what is so difficult aboutjust cutting your losses and running? because this business continues to take your money, but you feel that it is going to be an evil thing to let go, because it will be
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a sign of failure. just like afraid... a failure of a business is not a failure of emanuel. faith, can you just tell him that? he is the wisest man i know. he always has business ideas, and if this fails, he will wake up, he will rise up and build something else. great. thank you for helping me tell him to let it go. let it go, let it go, let it go. so, emanuel, faith, thank you much so for coming. well, gosh, how was that? amazing. there were some serious revelations there.
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emanuel, you had some very hard words about your business, but you said it was like hearing your own thoughts in your head? that is true. are you ready to let it go? and not feel like a failure? yes, i think that is the point. you've got certainly some serious thinking to do anyway about your business. and, faith, you came here to find out how to say no to your mum, such a difficult thing for you to do. butjenny has some other ideas? yeah, i mean, i'm going to do it the easy is giving her something she can do to have a sustainable income for herself, and that is why i needed. yeah, the look on your face, it was a light bulb moment. it was an eye—opener for me. i am so glad it came. excellent. pleased to hear it. thank you. so two very happy people have come
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to the bbc money clinic. of course, everybody‘s circumstances are different, and choices that may work for some may not work for others. the couples came in quite nervous and they left beaming. like a weight had been lifted off their shoulders. you could see it. all i did was remind them a nonjudgmental environment where they were able to share and find their own solutions, did you see that? they really did the work themselves. they did the work themselves, ijust asked the hard questions. that is what i am taking home, really, there is nothing too difficult to overcome. you just need to talk about it. what would be your one top tip? have a goal together with your significant other. if you are not aligned, you will always have challenges. be authentic and align your goals. when you do that, you will live right. that is it from the bbc money clinic in nairobi.
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hello. it's been a weekend of contrast across the uk. scotland and northern ireland have seen more cloud with some outbreaks of rain at times. england and wales have seen plenty of sunshine and it's been very warm if not hot. but some changes to come through the week. slowly we start to lose the heat. it will feel fresher for all of us, an increasing chance of seeing some showers and also still some sunshine, and it's sunshine we'll continue to see for much of england and wales on monday underneath this area of high pressure.
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meanwhile, for scotland and northern ireland, these fronts will continue to bring more cloud, and also some outbreaks of rain. but slowly it will ease through monday and become increasingly more patchy, maybe a little bit of rain possibly get into the far north of england through the afternoon. equally some breaks of cloud in eastern scotland. after we've lost the mist and low cloud on the western coast, lots of sunshine for england and wales, feeling warm, with 31 or 32 possible in east anglia and south—east england. still 23 celsius for eastern parts of scotland in the best of the sunshine. through tomorrow evening, for most it will be dry with clear skies again for england and wales, before mist and low cloud reforms on western coasts. still a zone of cloud from scotland to northern england could produce
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a bit of drizzle at times. temperatures dropping to between 12 and 16 celsius in many areas, 17 or 18 maybe still in south—east england. we still have the front going from monday into tuesday. it's a weakening feature as it slips south and east. still a band of cloud stretching from scotland down into parts of wales and south—east england. and it's a dividing line really between the fresher air behind it and still holding onto the heat and warmth further south and east. tuesday will be the last hot day that we see for some time across south—east england. you've still have that zone of cloud, as i mentioned, stretching down from scotland into wales and that could bring patchy rain for a time on tuesday. but it will fizzle out and actually by tuesday afternoon, most areas will become largely dry with sunshine. temperatures still exceeding 30 celsius across east anglia and south—east england. the fresher feel further north and west, but it is the last of the hot days. actually through tuesday evening, we could well see some thunderstorms developing across eastern and southern england. as they start to clear away, we'll all be in something fresher as we go into wednesday and thursday. certainly the case across much of scotland, northern ireland and northern england. still some showers around here through wednesday and thursday. but notice the drop in temperature further south and east.
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many places still dry with an increasing chance that some of us could see some showers. bye— bye. welcome to bbc news, broadcasting to viewers in north america and around the globe. my name is nkem ifejika. our top stories: another devastating earthquake hits the indonesian island of lombok — more than 80 people are killed — the rescue operation hampered by power cuts. venezuela's president blames the ultra right for an alleged assassination attempt on his life. security forces say six people have been arrested — more are expected. police in chicago plan more patrols following a deadly weekend of shootings — much of it linked to gang violence. and thousands of firefighers continue their battle in northern california — the wildfire there is now the fifth largest in state history, and still growing.
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