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tv   Business - News  Deutsche Welle  December 16, 2017 12:02am-12:16am CET

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at. the death of online freedom or fair competition the united states repeals next neutrality rules designed to secure an open internet the online response is explosive also on the program bitcoin hits another high venezuelans opt for the volatile cryptocurrency over their own highly inflated volleyball and too late too small too expensive and still not ready for takeoff but berlin's in famously delayed new international airport finally gets an official opening date. this is a business i'm crystal kober welcome democrats in the united states say the republicans are handing the keys to the internet to a handful of multibillion dollar companies the u.s.
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coming cations regulator has ditched the long time principle that all web traffic must be treated equally sparking outrage among consumers and the tech industry. so far everyone's been equal on the internet superhighway websites from smaller providers didn't need to compete with the likes of facebook netflix or other web giants at least when it came to connection speed but abandoning net neutrality means internet providers can demand money for sending companies' data faster imagine it like a fast lane for websites who stump up the cash those who can't afford it will be stuck in first gear. or a lot of people go for free mostly two to like relax and it's more like it's become more like t.v. shows t.v. providers pay for packages and stuff and i'm really upset about it i think that one thing is like a large majority of people were polled are for net neutrality i have a small business i write the websites for the right stuff and it seems like that's
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just going to get way in the face of the small people critics say scrapping net neutrality will limit what the internet can offer to companies and consumers who can't afford to pay more that's because companies could be forced to pass on the costs of the faster connection to their customers so things could get more expensive in the future for internet users who want to stream music or films. now as we just saw people on the street have met this decision with overwhelming dismay and industry giants like facebook have also voice their opposition so fisherman ski covering this story for us on wall street what more can you tell us. well big content providers like amazon facebook and netflix reacted immediately as they would be impacted by of prajna repeal of net neutrality so let's see what they said or tweet it in most cases i am extremely disappointed in the f e f c's he's
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decision to remove the net neutrality protections that is for example what amazon's a c t over wrote on twitter and facebook sheryl sandberg announced that they are ready to work with members of congress and others to help make the internet free and open for everyone investors expect them to try to fight the f.c.c. decision here and netflix tweeted on their of fishel account that they want to stand with investors large and small to oppose this order and this is a quite interesting point the small innovators because smaller companies startups for example are way more impressive now because they simply could not afford paying money to service providers and they would probably end up losing users meanwhile investors paid special attention to today's trading session why was the. well it's triple witching and it only zero curious four times a year on the third friday of markets of june september and december and triple
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witching is when the contracts for stocks index futures for stocks and ops options and stock options expire on the same day so you can probably imagine that triple witching days generate extra trading activity and volatility because contracts that are allowed to expire may require and trigger the purchase or sale of the underlying security and investors did see a high volume today but the dow jones and at the day on a new record high so if you must give us the lowdown on the triple witching friday silver thank you so much. seventy thousand seven hundred and fifty two dollars that's the fresh record high for one bitcoin reached on friday as the value of the cryptocurrency increases so does the number of experts warning that it's a highly speculative investment yet people in venezuela who are facing inflation of more than thirteen hundred percent would rather park the little money they have.
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it's difficult to overstate the depth of venezuela's economic crisis every day hundreds of families cross into neighboring brazil in the hope of escaping the misery daily food and medicine shortages have left them with little option but to leave elsewhere at the border some try to trade their worthless wads of bolivar are illegally inflation in venezuela is projected to surpass two thousand percent next year that fact has prompted many of those still in the country to convert their rapidly depreciation all of our into crypto currencies software engineer john mcguire the large recently bought medicine and even booked a holiday using bitcoin. and a travel agency they told me i won't say which travel agency it is because i don't want to get them into trouble but they told me it's either dollars or dollars i
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said look i'm a venezuelan like any other i can't be more homegrown going white from around here i don't have foreign bank accounts nothing like what i do have to pay for this ticket today or is because. they accepted it. but bitcoin is not the crypto currency of choice for embattled venezuelan president nicolas maduro earlier this month he announced the launch of an alternative digital currency the petro he says will be backed by the country's oil reserves. but venezuelans don't appear to view the prospects of the petro too favorably those who have set their sights on cryptic currencies tend to favor big coin itself of course notoriously volatile and for now you'll still need hard cash to buy food on the street. irish budget airline ryanair says it's prepared to recognize pilot unions for the first time in the company's thirty two year history to avoid
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a looming strike this holiday season chief executive michael o'leary once famously said that he would rather cut off his own hands than sign a deal with the union to bring wages up to industry standards now a major u. turn earlier at ryanair pilots in italy ireland portugal and germany have threatened to go on strike in a dispute over wages and working conditions and president donald trump may have pulled the united states out of the paris climate accord but that doesn't mean the people living there aren't taking action to stop the march of climate change one neighborhood in brooklyn is producing its own clean energy using solar power. a brooklyn neighborhood is testing one of the first micro grids in america lawrence orsini founder of l o three energy has watched it come to life the brooklyn micro-grid is our first project transactive energy project here in brooklyn so the idea is that as
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a person or someone who has generation on your roof whatever you produce in excess goes back on to the utility grid so instead of pretending that the utility grabs a battery and buying it back later you actually sell it when you make it to somebody else in the community gary golden is one of the sixty prosumer in brooklyn who feed energy into the micro-grid two years ago he had solar panels installed on his roof. we. talked through a lot of the tradeoffs but came to the conclusion that we expect energy prices from a traditional utility model to increase in the years ahead and that this investment in a solar rooftop system would be the the right economic decision as well as for the environment to keep track of the energy that gary and his neighbors produce and consume l o three has built special smart meters using block chain technology these devices
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collect and process data then they tally energy use on a mobile app block chain is best known for its role in crypto currency is only in this case the peer to peer transactions involve energy instead of bitcoins the technology is key to making the brooklyn micro-grid operate efficiently there's a shift that's happening now driven by technology where. generation is moving from the great center from big power plants that live right grid centered to the edge to rift tops your house commercial buildings around you in your neighborhood aside from the positive effects the micro-grid can have on the local economy it also provides additional security during storms and hurricanes this year alone america has been devastated by ten hurricanes each followed by extensive power outages. so if another super storm comes through like sandy this section of the grid can actually separate and run under its own power so. if the grid goes down you have
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a place in the community where you actually have electricity people can go they can charge their phones that have communications they can get a hot meal the brooklyn micro-grid should only run autonomously in an emergency for now it runs on the city's infrastructure while completing final testing but lawrence orsini and his prosumer a working hard for a brighter future for energy. and now to an issue that remains a great source of pain for people here in berlin it was meant to be the capital star infrastructure project but it's still yet to take off and it won't for some time the our international airport has a new official opening date of october twenty eighth twenty that's a delay of eight yes eight years from the original opening time the calls us technical problems planning errors and botched building works plan includes the
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complete renovation of the airport and test operations by august next year the cost for the airport have rocketed from two billion to six and a half billion. again october twenty twenty. that's our show thanks for watching and i'm afraid because.
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every journey begins with the first step and every language with the first word in the. is in germany to learn german why not learn english family simple online on your mobile and free from d w z e learning course you can speak german made easy. climate change she was wasted.

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