tv DW News Deutsche Welle July 24, 2019 7:02am-7:15am CEST
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1000 system when interest rates were higher life was easier. now that they're extremely low as they have been for several years he's moved into stocks and investment funds but not just any she observes ethical guidelines. no child labor prostitution or weapons we also consider human rights working conditions and whether unions are allowed. but there is an inherent tension here. if we want to diversify we can't just invest in micro finance funds and sustainability. we have an exchange traded fund tracking the dax index and another one for the m.d.x. and an inflation like one and none of that is that ethical or sustainable. it's hard to be an ethical investor and the financial brains of a catholic cabbie. capital are not natural allies. the abbey has a workshop that makes paramount liturgical clothing from gone through weaving
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embroidering to finish chance it used to be an important source of income. for the liturgies should acquire something decent not just cheap stuff. legal. system miriam cuts no corners she only uses soap and does everything by hand prices start at 2000 euro. but there are fewer and fewer catholic priests nowadays. and many of those there are shop on the internet. because. we're now competing with what's available off the shelf online from the comfort of his desk a priest can order for 300 or even 150 euros. this is it might not look that bad at 1st glance but it's not the same as coming here and getting something special to
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the staff and. the abbey also welcomes guests 2 sisters are assigned to look after them room and board costs 53 year as a knight so it's not exactly a money spinner. when sister theresa he was young she was keen to pursue a profession. she's now 84. a friend of mine entered the abbey i wrote to her and told her she must be crazy i would never ever do something like that. sister theresa has been here for 61 years she says she wants to see more women in positions of authority both outside and within the church. and priests come here and there are great for it. they come to me we spend peaceful days of contemplation together and we
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talk every day. they're grateful to hear a woman's perspective. young. benedictine values include silence prayer ability and stewardship listening humility peace work community and hospitality monasticism has weathered many crises over a very long period. ringback things will change but it's been 1500 years and monasteries have yet to vanish from the face of the earth. once had 600 monks by 1909 there were just 3 now there are 200 again. things always go up and down. in. in socialist countries shortages are part of the fabric of life venezuela is
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a case in point south american country as the biggest oil reserves in the world but decades of socialist mismanagement aided by widespread corruption as cripple the economy and international sanctions just adds to the misery there is no food no medical supplies and hardly enough energy to keep households supplied millions fled to neighboring countries but dictator nicolas maduro is suppressing opposition and is clinging to power what's gone wrong in venezuela. ok. where venezuelans say these people and that's why we're optimists there have been many rallies against the government of president nicolas maduro and some for it in june the united nations said more than 4000000 people had fled the country since the crisis began. venezuela has been in a deep economic and political crisis for years it was once considered rich and it
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still has the world's largest proven oil reserves of the 6 large refineries in the country only one is working petrol is running short one of the main problems is venezuela's dependency on oil which accounts for over 90 percent of export earnings revenues were great as long as the oil price was high. things went bad until 2008 the price of oil had been rising for a decade then it collapsed and has not enjoyed a sustained recovery since that time. with oil revenues slashed venezuela lacks the hard currency to buy food and medicine abroad manufacturing within the country has also collapsed the private sector has been under siege a further cause of the crisis. chavez who
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was president until 2015 pursued a policy he dumped socialism for the 21st century and nationalized thousands of companies and that destroyed the economy. nowadays 70 percent of all goods are imported i get the water from to go to i'm a farmer for land was fertile sadly i had to leave the country because i couldn't get any seed or fertilizer anymore nothing instead our land was expropriated and we lost the little we had. it will be. venezuela imports a lot little through exports public debt ratio is among the highest in the world. the i.m.f. estimates government debt could reach over 200 percent of g.d.p. this year. 2016 saw the start of the food supply crisis since then the government has been handing out care packages to the
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poorest there is hardly anything to buy in the shops or anything ordinary people can afford the 3rd cause of the crisis inflation. people in venezuela spend a lot of time standing in line at banks so sure people are employed and those who are still can't afford even the basics. the i.m.f. also predicts that the inflation rate could soar to an annual 10000000 percent this year. as revenues collapsed president nicolas maduro started to print more and more money and turned the venezuelan currency collapsed and the black market flourished. there's no conflict in the supermarkets but you can get it on the black market where it costs 2 or 3 times as much. as that because of corruption yes it is where do the black marketeers get their goods.
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