tv Business - News Deutsche Welle October 8, 2018 1:15pm-1:30pm CEST
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we so it's nice to see a happy ending you're watching news still to come on the program nobel prize for economics goes to two researchers for their work on climate change and innovation economic growth and the environment that is coming up in the business of christopher coke or i'm sorry kelly in berlin thank you so much for watching have a great day. my first vice like most sewing machine. i come from women are bound by this notion for even something as simple as learning how to ride a bicycle it isn't. since i was a little girl i wanted to have them by state law and it took me years to when i. finally gave up and went on by me on my say those three times because sewing machine sewing i suppose was more appropriate for girls than writing advice as now
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i want to meet those women back home who are bones by their duties and social rules and inform them of oded basic rights. my name is them out of the group and they were more into. rewarding research rob climate change the twenty eight team noble economics prize goes to two scientists from the united states who explain the interaction between the economy technological innovation and the climate and brazil's presidential election is heading for a runoff what's on board those mines well pretty much every aspect of the economy. i'm christopher caldwell welcome to the program and this year's nobel prize for
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economics has been awarded to two researchers for their work on climate change and innovation us economists william nordhaus and paul romer receive the award for integrating innovation and climate with economic growth the royal swedish academy of sciences said along with the prize the researchers were receiving nine million swedish kronor or one million u.s. dollars you can almost prize is not formally a nobel prize as it was created by the swedish central bank in one thousand nine hundred sixty nine in memory of alfred nobel. well for more i'm joined by martha overcome on my colleague from d.w. business model william nordhaus and paul romer are the winners tell us some more about them we'll you know tell us from yale university often called the father of economic climate economics and he started looking into this topic as early as the one nine hundred seventy s. a true pioneer in the field and then we have paul romer who's more looking into innovation technology and how these can force the economic growth both these names
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have been rumored to actually win the nobel prize for economics for a long time now they finally have been on the shortlist this year as well now the two are being rewarded for their work on climate change and innovation tell us specifically what the prize committee intended to reward here for nordhaus the central question that he asked in this research is always. how can we grow our economy without destroying our planet for that he came up with a model that looks into how the economy influences the climate and we can use it still the scientists use it to predict how policy changes for instance like a carbon tax would affect the climate room on the other hand it's more what keeps growth what keeps the economy growing and how can we how can we keep this growth up for him it's basically ideas innovation that are very central to to keeping up growth and he says then it's they need special conditions to grow these
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ideas and he's looking into how to create these conditions now the announcement of the award comes on the same day that climate researchers are calling for unprecedented steps in order to fight global warming that doesn't sound like a coincidence to them no i mean absolutely the report that came out today it once again underlines that climate change really is one of the biggest challenges that we have facing economy is a big driver of it creates a lot of emissions so it only makes sense that the economy also looks for the answer. and i think it also it just makes sense to reward people who do look for the un says in the field of economics this year's winners of nobel economics prize william nor the house and paul romer receiving the award for their work on climate change innovation mother or a common from our business department thanks for breaking down the story for us. now the presidential race in brazil is headed for a deeply polarizing runoff between a far right and a leftist candidate and brazilians are fighting an uphill battle the country's gone
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through years of growth including a have a recession only last year brazil clawed his way back into gross territory at the same time many of the country's problems remain unsolved corruption on employment and rampant inequality opposing challenges even those that consider themselves well educated and trained. for thirty five. stock exchange in rio de janeiro but when he suddenly lost his job he needed a new source of income now he works as an driver to feed his family and keep his children in school. i think that becoming an employee is a very bad moment from where. i was about to get rich and i felt very scared. so many jobless brazilians offers a solution over half
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a million drivers here brazil is the company's second largest market the olympic games and the world cup took place off the back of the financial boom but she quickly away leaving hundreds of thousands of people turning to the informal sector . extreme poverty increased eleven percent last year in brazil leaving more than fifteen million people living with less than two dollars a day and even though the workers' party administrations invested a lot in social programs the once growing middle class has started to reduce again . some analysts say the increasing dependency on the state police the government unable to do much more than just come to running costs were brutal did the social homework book we didn't do the economic homework you know life expectancy grew with the thought through security before it looking grew but productivity
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bridou didn't grow so we have detachment between economics and social. brazil's next president will face rising debts and the budget deficit of around seven percent of the country's gross domestic product. the new administration will have to take quick measures to control spending if it wants to avoid falling into a new slump. representatives of swiss banking giant u.b.s. are to appear in a paris courts shortly on charges that the bank orchestrated a huge tax for its accused of enabling wealthy french clients to launder proceeds from tax fraud that took place between two thousand and four and twenty twelve the trial comes after a six year pro that was launched after a former employee alerted authorities to the bank's alleged criminal activities if found guilty u.b.s. could face billions of dollars in fines. but as you heard leading climate
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researchers are calling for unprecedented changes to limit global warming germany has been among those countries pushing for a stronger adoption of renewable energy at the same time being an industrialized nation there remains a dependency on fossil fuels and the most recent over clearing engine forest to extend an open mind coal pit is the latest example that change is often hard to bring about. the forest in western germany the forest has become a symbol of the fight against energy and climate policies of the past germany wants to dramatically lower. c o two emissions but energy giant wants to mine more coal and to get at that coal they have to cut down this forest the demonstrators accuse it of easy and germany's politicians of not taking the transition to renewables seriously almost forty percent of germany's energy needs are still met by burning coal thirteen percent comes from atomic power stations and about
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a third comes from renewable energy like wind and solar gas biofuels oil and other sources cover sixteen percent the problem is that every kilowatt hour won from fossil fuels is increasing carbon dioxide emissions and accelerating climate change that makes it ever harder for germany to meet its emissions targets to iceland where ever since it was headed by the financial crisis the economy has shown a remarkably strong recovery in large part thanks to foreign workers but there seems to be a downside investigative journalists now revealing that thousands of workers have been having their rights violated with employers routinely breaking the law and the name of profit. break you pick iceland this is about the furthest point on the globe from pakistan and this is where sana shah ended up working sixteen hour shifts for only eight hours paid shah paid more than fifteen thousand euros or two
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million crowns for work permits for himself and his brother to acquaintances also gave him money to get them work permits shots employer took the money but never issued the permits. and month hardly i get like two million from them. and i pay like one point five million. so what i want for why i'm like. thirty hours away from my family from my bed and from everyone. nothing now i get bored then. we had this money i get from. he tells the quaker investigative program that now the men who gave him their money are demanding his parents back home repave him. the
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team discovered that she is not alone in his predicament. there are around twenty five thousand foreign workers in iceland for employers disregarded workers' safety and cheated employees out of wages and benefits. has reported his employer to the police but little is likely to be done. none of this comes as a surprise a program shows some good examples of the persistent breaches that we see in the icelandic workplace there are unfortunately lots of other examples to. clinton says thousands of foreign workers are being systematically mistreated and violated he says the worst instances cases of human trafficking and he claims society and the authorities have closed their eyes. going to argentina space agency has sent an
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observational satellite into orbit and it was carried out by rocket made by space x. a private company owned by embattled u.s. businessman musk take a look at the moment it took off. to. the cool satellite will be used to monitor an astral disasters and soil moisture is part of argentina's long term bids to boost of the agricultural sector which is key to the economy. that's a show if you want more check out our social media feeds in the meantime wherever you are thanks for watching.
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and the arts twenty one special. beethoven needs mumbai india campus bunch of. young musicians from germany and india explore each other's musical lives the result. a breathtaking concert at the beethoven fest in bonn. in sixty minutes until. they make a commitment. they find solutions. they inspire. africa on the move. stories for both people in a different state shaping their nation. and their continent africa on the
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move stories about motivational change makers taking their destinies into their long hemisphere. p.w. singer multimedia series food for the. d.w.p. dot com. welcome to pop exports special today our show is all about germany superstar d.j. paul van dyke this is the story of the trance pioneers. we joined paul van dyke at a concert in the u.s. where he's the fed.
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