to tell us all about it right after the break. you're up to date now on c.w. news do stay with us. from. atlanta. we've been fighting for decades to take you seriously in the world of work here's what's coming up women stroke drugs. for your liver smartarse smart stage imaging brain creasing lean dangerous time the two dollars for mom. and gemini with w at any time time zone and he plays easy names easy in the back you have to look like

a little scratch almost to sing along to you too just a combo from super slim seats. for. interactive exercises some. everything is online and interactive and germans have free listing w. . ten years after the collapse of lehman brothers corporate debt has almost doubled and that's ok as long as we have lower interest rates but what if central banks change policy. powerhouse if you take a look at what's behind the country's economic transition. i doubt you struggle to stay afloat but what does the plunge of the peso mean for people who've been

banking in dollars for decades. let's do business the collapse of lehman brothers back in two thousand and eight plunge the global economy into crisis a decade on things are looking up again corporate profits are rising and wall street is celebrating one record after the next but growth has been fueled by low interest rates which have prompted a lot of companies to go into debt on a massive scale. tesla is ten billion dollars in debt. net flix eight billion dollars. a pop up lloyd germany's leading shipping company is seven billion dollars in the red these are just three examples of loose lending never before have companies worldwide had such easy access to money as in recent years. according to a study by the mckinsey management consultancy worldwide corporate debt has

increased to sixty six trillion dollars almost double what it was at the start of the financial crisis ten years ago. money has never been as cheap as since the financial crisis central banks flooded the markets with trillions to help financial institutions and economies get back on their feet. the us federal reserve looks set to raise its key interest rate again the european central bank on the other hand is not ready to take that risk in fact the e.c.b. is still in crisis mode with its zero interest rate policy alone still caused virtually nothing some fear of the accumulated corporate debt could trigger the next global financial crisis. all the money that was borrowed has to be paid back if interest rates go up repayment will be more expensive and may have to be countered financed with new debt if that gets compounded by an economic downturn many companies could find themselves in

a tight spot. i could call rebels and is holding the fort for us and frank conrad how why reed should we be. well the worries at the moment most obvious in terms of currencies of course those plunges of the currencies of turkey and i just tina have a lot to do with concerns among investors that companies in those countries that have taken on dollar debt will find it difficult to pay back their loans in case dollar interest rates are going to continue to rise in that applies those concerns apply of course to many borrowers especially the ones where it's very difficult to foresee how the business will develop in the cases that were mentioned in that news piece we just saw netflix test also how park lloyd the german shipping company i can tell you that their loans are pretty much under scrutiny on the

financial markets and in the case of netflix for example it's part of the business model that this is finance with a lot of debt this is not perceived a problem as long as growth rates continue to grow as fast as they have up until now but what about those bad loans what about the practices that actually led to the collapse of lehman brothers fell loans were packed into those obscure financial products that none of us understood has that risk gone. no not entirely also today banks you know a packaging they're a bad loans into what's called mortgage backed securities asset backed securities and they're selling this to the financial markets and a lot of those difficult to understand securities are being sold to the so-called shadow banking system you know hedge funds. so-called structured investment vehicles money market funds and stuff like this of course those investors say

that the risk evaluation models have improved a lot in the last ten years but we simply have to believe the oversight of this sector public oversight is not very strong and we all love a good old structured investment vehicle conrad thank you very much. in the age of online giants such as amazon the high street is under pressure just this morning to the largest department store chains in germany signed a deal to merge or rivals colorful aim to cut costs through synergies beefing up their omni channel retailing offline and on the unions of wired jobs will be slashed colorful for belongs to the canadian hudson's bay company to the austrian group and trust of our he still have to give their approval. ryanair is canceling one hundred fifty flights in and out of germany tomorrow as

pilots and flight attendants plan a one day strike it's the latest in a string of walkouts which affected tens of thousands of passengers across europe this summer the airline stopped a demanding better conditions and higher wages ryanair which only recently recognized unions has condemned the latest industrial action saying the war council would be to job cuts in the job market this week to. boeing expects to sell more planes in china the american aircraft maker says it will sell more than seven and a half thousand aircraft worth of or a trillion dollars to the chinese over the next two decades despite the ongoing trade war between beijing and washington boeing expects to sell around sixty percent more planes by twenty thirty seven than previously estimated china is the world's fastest growing aviation market so far boeing has not been directly hit by the ongoing dispute beijing has admitted aircraft on its list of us goods affected

by retaliatory towers. ten countries that are part of the association of southeast asian nations or ozzy and a meeting in vietnam's capital hanoi for an economic forum vietnam is the second fastest growing economy in the region after china well across the cards traveled to the country to get a taste of a nation in the midst of an economic transition. she's care. being on a tradition that no longer carries the economic waste it once did. here in holland bay in northern vietnam fishing used to be the main source of income. but nowadays many people have set their sights elsewhere taking corporate jobs and fishing only on the side. vietnam's economy is expanding rapidly the annual growth rate is over six percent and with the free trade deal with the european union jus to be ratified in january that figure could rise.

of sixty five percent of tyrants i would search for cation would be standardized within a period of five to ten years one hundred percent of existence our ears would be lifted this would give vietnam an incredible competitive advantage in the region but. this factory in the capital hanoi is operation by german company the power it produces medical equipment for the administration of intravenous therapy. devices like these are hospital staple no wonder then that they're sold all over the world this factory opened in twenty fourteen and since then the company's invested over one hundred million dollars in vietnam. in seville is monday including the investors are welcome here but of course you should make the mistake of thinking that things work the same way as they do in germany you need to familiarize yourself with the local way of doing things i was created by anyone considering investing here to go for it but get the

appropriate advice. for vietnam's young population the country's economic expansion presents the prospect of living a more prosperous life than their parents did. the downward pressure on the arjun time peso has weakened somewhat over the past week but many argentinians are still chasing those dollars south american country has the most dollar cash holdings after the u.s. in addition devaluation of the peso was having a strong impact on inflation. who pity cokehead as one of the most famous argentinians to have been hit by the financial crisis in two thousand and one. the former soccer player who was on the country's nine hundred ninety four world cup team had to watch the state freeze all his accounts and convert dollars into pesos a tragedy for people like him who had been investing in dollars for decades.

but the. country has been through fifteen crises since one thousand nine hundred fifty five and they said over and over again if you bet on the dollar you'll lose. the experience their piece is losing out value. also said that many argentinians today are still afraid to leave their money in the bank after renewed fall in the peso in recent weeks their assets have lost another four percent in value. have learned long ago how to predict the crisis that's why they want to carelessly stumble into the next one so quickly by leaving their money in. the u.s. federal reserve says argentina holds the largest amount of dollars per capita to the u.s. but the majority of that wealth is deposited in foreign accounts what's more a university of buenos aires study says argentina is the latin american country with the devaluation of the currency has the greatest impact on inflation.

guesstimates regarding exchange rates go up or the peso loses in value the world expects prices to go up as well because everyone expects they do what. brazil chile colombia and peru have all seen their currencies depreciate in recent years but with less impact on consumer prices in argentina with its already high inflation rate of around thirty percent the prices for food energy transport and technology have become significantly more expensive recently. plus doing business with.

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commitment and sixteen i come across a photo from the world's. young people rebelled against the feminist generation. this was an awesome play dusty full of stupidity and solutions to the gym into less than a whole society the wanted maelstrom of influence with the be a moment for playing a role in the my generation among watch the bomb war every day. our documentary takes a limited amount of time and some other things more liberal members of the movement for the first time. defeating the being part of something. means of those events

today. the seeds of civil rights the peace movement the women's movement formal plan during this period. sixty eight. we don't. ever want to welcome to a new week of euro max with me your host meghan lady from big birthdays to big birds we've got a mixed bag on the show today here's a look at what's coming up.