joins. the government it's after high export revenues and the corporations high profit margins. but not everyone benefits from the booming business. creation. garment to destruction starvation. selling out of a country that don't use fear. starts to tolerate takes on d w. a global market boost at a time of sluggish well growth the e.c.b. 5 is the starting gun for a new round of aggressive stimulus that has been just as excited expects the budget . as facebook gets ready to launch its own cryptocurrency france ones you know block the libra find out why. revenue inflation deepens argentina's economic crisis

demands growth for the government to declare a food aversions sing. and the chinese claim that it can say boost the brain but what if they run out of it most for growth in the us and is a trade war raging. i'd be interested let's do business. the european central bank's decision to launch an aggressive round of stimulus is easing investor worries about a global slowdown stop in asia european and american markets are reacting positively to the announcement the hang seng and nikkei both edging up also helped by hints of a foreign u.s. china trade relations u.c.b. president mario draghi declared a return to quantitative easing for an indefinite time period and a lowering of the main interest rate into negative territory. let's take a listen to what the outgoing european central bank chief had to say about why his parting gift to the markets was necessary the outlook for real g.d.p.

growth has been revised down for 200102020 there is some rounding the year oyur growth outlook remains to the downside. these risks mainly pertain to the prolonged presence of uncertainties related to geopolitical factors the rising threat of protection is an vulnerabilities in emerging markets. so the e.c.b. shut the starting gun who's next let's go to. following this story for us from the frankfurt stock exchange conrad. the b.o.j. the bank of japan the fed perhaps going to be next. well as early as next week the federal reserve is expected by many on the financial markets to cut interest rates again and it's very unlikely the the fed is doing

this because of donald trump's tweet you know the u.s. president is constantly putting pressure on the fed to cut rates but the fed has the same reason that mario draghi mentioned in that sound bite you just played also in the united states the outlook for businesses has become more in secure inflation perspectives have weakened so the fed is inclined to do something by the way the u.s. budget deficit the deficit of the united states has just reached one trillion u.s. dollars again so off course mr trump wants no or interest rates it allows the treasury to take on more debt and of course it reduces the borrowing costs for the united states there is a lot of resistance to what the e.c.b. did yesterday though and it's not just trump. no it's not just trump

insiders of the e.c.b. are reporting about loud opposition being voiced in the e.c.b. council yesterday against the restart of quantitative easing the restart of the bond purchases with of course the german bundesbank our national reserve bank here in germany being the most prominent up opposition but. not the only one and for many reasons the fact that the fed that the central bank is now really introducing bond purchases means that obviously the set of instruments that the e.c.b. head has is limited it shows that the potential the ability of the e.c.b. to really influence the real economy is very limited and of course there's the classical into instrument giving a drug addict more of the drug doesn't make the addict healthier exactly slow global growth virus invent it. france is warning it'll block face folks plant

cryptocurrency in europe saying it fragments the monitory sovereignty of governments that was the message from finance minister poor no to a mayor as and o.e.c.d. conference own cryptic currencies go to her way and paris the leaper up could turn the financial world on its head civil it's a bit point the digital money is based on blocked chain technology but critics won the critter currency ed its value would not be control democratically a by facebook the tech company denies that it plans to backed labor with a basket of real world currency it's facebook says the so-called stable coin will have none of the volatility and danger of big losses associated with other digital courts a consortium of corporations a backing libra including visa must the caught pay pal and buba adding to suspicions the world's fine end see is could soon be controlling global for currencies facebook plans to begin filling digital wallets with libra you know the

2020 over lips not know heads the blocked chains center at the frank would school of finance and management and joins us from cologne a stuck warning from the french finance minister what exactly is at stake for facebook well threes book is trying to knowledge a group to currency apparently facebook is also praising difficulties because of parts although room of of all the time protection issues and so on they have a letting crocked high pined so the have to do something that's find the police departments all human actually it's nothing else didn't repackaging existing karen's he's similary need nyc people would do would problem with mom currency not risen and have off it and the africa be very honest and the sometimes i feel that are these huge criticisms all tear our meet you little bit too much is it also too much the say the critter so currencies good undermine central banks like the e.c.b. and its rights decisions in my mind this is not that directly possible

because our place book and lee price is trying to do is they are chasing her chasing existing currencies you know existing currencies and are we had to repackage ing them for digital market and letting them run on a blocking based system so there is no money newly generated on the internet it's just existing money being repackaged similary by people is doing it for almost every hour all these groups are charities we see it coming from the u.s. what will they reinforce the u.s. is financial dominance of the greenback. this is potentially possible i think is interesting for caught up in the months of between individuals and companies and of course you know the u.s. pullout is number one part of the international trade i think this will remain like this for i'm not quite a long time but for other people especially in the area of finding financial inclusion it makes very much sense to think of

a potential international model such as a lie project with additional currencies to allow people who are in remote areas of . trying to buy financial exclusion to be integrated into the financial system you know it's it's up to 1700000000 of people who sometimes have the capability to transfer money and to store money and so on because they are excluded by a financial system and therefore i think i don't agree dozens of our lives and the data protection issues that's that's all true but a technology which potentially can improve the lives of 1.1.7000000000 people should be at least a. thank you very much for joining us. now to some of the other business stories making news search engine google says it has agreed to pay nearly $1000000000.00 euros to set a little geisha in with french tax authorities france's finance ministry was

looking into whether google redirected profits from the french markets weiland by taxes a lot. such a bank has agreed to pay $15000000.00 to settle claims that conspired to break the prices of bonds issued by mortgage lenders fannie mae and freddie mac. is the 1st of 16 financial institutions to reach a settlement in the u.s. which has known me to be wrong doing. and here is just weeks away from a presidential election and protesters are demanding the government declare a food emergency spiking inflation is leaving the nation's poorest struggling to feed themselves use a 100 holes a bosio reports. 60 year old housewife. lives in a hut without running water in the city of science pena in the northern argentinean province of choco she has 11 children to live with her and there's also her 4 year old grandson benjamin he is recovering from severe malnutrition. and he said often

it is very difficult to buy the things you need. she needs between 4 and 5 euros for their daily food needs she says the money comes from her children's allowance her daughter's disability pension and the wages her son earns whenever he can pick up work but there is often not enough money. and yes my son does odd jobs and gets paid in the afternoon sometimes we have money but sometimes we don't. elba brings her grandchild to the cone in a center for children's nutrition and provides help with food and medical care having a proud to heads the institute he says cases of malnutrition are getting more serious since the economic crisis. over the past year we've had 6 cases of severe malnutrition and about 15 moderate cases we already have a larger number of children with these diagnoses this year. argentina's inflation

rate is running at 55 percent and unemployment is high the poverty rate is now at 35 percent so the winner of the october presidential election will have to shoulder the burden of boosting the economy the roots of the plant how to boost your brain what you may not know is that it's also a native plant in north america and the trade war is weighing on exports to china. the rich soil of marathon county in the u.s. state of wisconsin is perfect for growing the medicinal plant gin saying china has been a lucrative market for american gin saying but ginseng is one of the agricultural products subjected to tariffs in the ongoing trade war between washington and beijing the result a 20 percent drop in sales to china farmers fear for their livelihoods they can't react quickly to market changes because jim saying takes up to 5 years to grow and harvest. about 50 percent of crawford last year are you on the market and

we have a new crop coming coming up in about $4.00 to $6.00 weeks so it's a has been a hard time for jones and farmers here around 2 thirds of the wisconsin crop is exported to mainland china junge mintaro started farming ginseng here 9 years ago but the ongoing trade war is hurting he's trying to stay positive by taking the long view or present more what has always been the bring the bears from wisconsin or you as for trial that more was their spies at pan. and according to some ancient chinese texts he carps one of the symptoms that jin singh can help to alleviate. business if it.

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soon. to get. discovered. subscribe. to. 6. hello and welcome to news from the world of arts and culture i'm robert merrill and coming up on the show today. my guest is the palestinian israeli pinterest and conductor. who is also the founder of the galilee chamber orchestra unique on sawmill based in israel. and this weekend is the 250th

anniversary of the birth of the great explorer out xander form bombards we have a special program about him coming up soon on g.w. . we begin today though with a quite unique exhibition in the netherlands one which is understandably causing a lot of controversy a museum and then bosch is looking at design from the 3rd dariush of course the most famous symbol was the swastika originally an ancient asian religious icon used as a symbol of divinity all good luck unfortunately the symbolism was ruined by the nazis what this exhibition shows is how important 3rd reich design was in promoting its evil philosophy. national socialism a murderous ideology and machine of war and brand the nazi party was keenly aware of its public image and used architecture and often do sewing to strengthen its

totalitarian state the swastika was the nazis most prominent logo a symbol of half.