voices has fallen silent. american singer ronnie spector has died of cancer at the age of 78. she shocked to started in the sixty's at his leader of the raw nets. the group was perhaps best known for the classic b. my baby ah . up next. we've got business for you with janelle to milan. i'm terry martin. thanks for watching. mm

hm. in many countries, education is still a privilege. tardy is one of the main causes. some young children walk in mind troughs. instead of going to class, others can attend classes only after they finish working with millions of children, all over the world can't go to school. we ask why? because education makes the world more just make up your own mind. d. w, made for mines o . u. s. inflation hits nearly 40 year high food, housing and cars have americans reaching ever deeper into their pocket. and

pressure for policymakers is rising along the prices and is metal a monopoly. a federal judge allows an antitrust case to move forward, setting up a showdown between the federal trade commission and the company formerly known as facebook. this is the w business. i'm janelle de malott unwelcome, the world's biggest the economy as posted. dramatic inflation number's showing the fastest rise in prices since 1982 supply shortages and unprecedented demand in goods are driving up costs in squeezing households across the board. many americans have been feeling the effects for months. prices on every day items are up with the average increase hitting it close to 40 year high of 7 percent in december. when compared to the same time last year. steady increases mean that when we look back at that 12 month period, there's a bit of sticker shock. the cost of new and used vehicles are up and day to day.

necessities like food, energy, and shelter, have all risen. the federal reserve does have a 2 percent inflation target, but as the reason data show that target has been blown out of the water. but at this point, even if inflation slows down, prices may stay high. a lot of the factories in, in asia, that in the initial stages of supply chain issues had been shut down and had more recently gotten up and running in late 2021. you're already starting to see some renew shut down, but some of those factories and manufacturing facilities in asia because of the amazon barrett. all that does is kind of feed through yet another wave of supply chain disruption with the army crime variant scrambling supply chains. once again, the feds jerome howell said it's prepared to accelerate interest rate hikes this year. the idea being that higher borrowing cost would lead to less spending and

help lower inflation. a result, many american households are anxious to see. he ends quarter or correspondent joins us now new york. and these are some giant increases why have markets appear to have taken them in their stride. and clearly is a historic figure. i mean, just imagine that the biggest price increase since $982.00 that's been olivia newton. john was on top of the u. s. charts with the song, a physic health. so clearly a lot of things have changed since then. but for once, i mean the 7 percent a year over year, a price increase was precisely what wall street expected. and we already in the did see quite an impact on that in the past week. and then there was a little bit of the fence, at least on the wall street that we might be either at or close to peak. so prices will say elevated, especially when you compare it to a good 2 years ago. but slowly, they might be easing

a little bit. so that's at least what's the sense on wall street at this point. 1982 wasn't quite boring yet yet, but i'll take your word for it. now. what are you hearing from people on the ground beyond wall street? i mean, clearly people feel the impact that we need to talk to kept drivers. i mean they definitely complain about higher gasoline prices. so, but then also, i mean i've talked to people and they actually scaled back some of their spending. so when they go to the supermarket, for example, they are there, they go out of the stores. so with less than shopping back when it comes to travel, it depends if you can scale it back or not too famous to with driving cars. but you're here with left and right. that to people are actually spending less in general because a lot of those items have gotten so expensive. take me to take cars, take rent,

even so a lot of those prices are going up and people clearly feel the impact. hope you are not having a tight in your belt yet, sounds quarter in new york. thank you very much. now, if you didn't make it to the world to biggest tech event last week, you might have missed some cool new gadgets and possibly dodge a corona virus. infection c, as returned as an in person conference in las vegas for more than 70 south korean executives have tested positive after attending the trade show. despite the high numbers of cases recorded globally on the eve of c. s. companies such as sample and hyundai, confirmed, or in person plans. earlier this week, samsung had to fly back 20 employees on to special charter flights. according to south korea, newspaper chose to an ill boat. they are currently recovering in a quarantine facility with little to no symptoms. a federal judge in the us is allowing an antitrust suit against metal to move forward

. the parent company of facebook is accused of implementing a bi or barry strategy in order to suppress competition. this is the federal trade commission. second, antitrust suit against meta the company had asked the judge to dismiss the suit which could force a facebook to spin off popular apps like instagram and whatsapp. meta, on the other hand, said in a statement that their investments in these kinds of companies have been good for the competition. i'm joined now by my colleague christy plots and christy tell us how significant is this ruling. right, john? well, the really the biggest take away is that a judge is going to allow a lawsuit to go forward that has the aim of spinning off. what's happened instagram away from, from meta. so breaking this company up essentially. i mean, this is something we heard a lot of chatter about over the last year. as rhetoric has sort of taken in more negative tone against big tech. it was both an implicit and explicit threaten

analysis of a concrete step in this direction. the f t c basically sees meta as an illegal monopoly because they acquire their competitors as how they see it. and we can think about what's out. for example, we can ask ourselves how does this meaningfully differ from meadows messaging service or instagram? that app is a about sharing photos sharing text with your social network. how does this different from facebook? and this is the argument that the f t c is going to be able to make in court now. so in a fact, we might be seeing a shrinking met averse as it were, but this is the 2nd time that the f t c is making this argument. what's going to be different? right, well this very same judge in june throughout their 1st attempt at this pseudo he said quite scathingly, in fact, that the f t c had offered almost no meaningful evidence that facebook is indeed this monopoly that they claim. he said it was almost as if the commission expected the court to just take them at their word that this is that they have too much power. so this time of f t c has regrouped, they've come back,

which with essentially the same argument, but much stronger evidence. and this is really going to be the key point going forward. i mean, we do see public sentiment taking more of a turn against big tech, but a sentiment isn't going to hold up in court. that's where you're really going to need to prove the hard facts. so are we looking at somewhat of a victory for lisa con, of course the f t. c commissioner and a known critic of big tech? yeah, i mean, i think you could, you could call it that meta. in fact, they tried to get the suit thrown out, arguing that con is biased against their company. the judge ultimately dismissed that argument. he said, you know, that she ultimately is a prosecutor, not a judge. so she doesn't have the same standards of neutrality that a judge would have, for example. and yeah, i mean, her appointment last year really caused a big splash. several sources i've talked to with in the tech industry have said they do really expect meaningful legislation in the realm of big tech to come out of the u. s. this year. in terms of this lawsuit that's bound most likely to go on

for quite some time still, but what this shows is that over the last 6 months of lean a cons tenor, she's really laid a lot of groundwork for bigger things ahead. and that's really starting to bear fruit. at this point. christie plied sin talking about facebook. she's not on it though. i've already asked germany is in the process of phasing out both nuclear and coal power plants. that means a shortfall and energy generation that needs to be filled. the plan is for renewable sources to take on the job and the race is on to get them ready. 13 wind turbines being built in the far west of the country, nym minster. the energy they'll deliver will be put to good use, especially once germany's last, coal power plant shuts down in 2038. but the expansion of wind energy is not going fast enough in many parts of the country says milan nature, he's managing director of the company that operates this wind farm. this is where

this project is special from the start. it's out strong support from the local authority in the district and local people. even the cities utility companies are involved. so everything gets done much faster in places where citizens initiative, se not in my back yard, it can take a lot longer out of it was a long banners like this one, sign of local resistance. some people in the region complain that wind turbines or a blot on the landscape, that's part of why it can take 10 years for a project to be approved. this village is home to an active citizens initiative matched. his awning is already annoyed that her house is surrounded by wind turbines. now they'll be joined by more or less than a kilometer away from her farm. vide maniachi, i do. you can hear the wind turbines from a kilometer and a half away,

the vent you hear them turning. it's annoying as heard on i'd fall mom and if they're even closer when the sun comes out you'll be in the flickering shadow. and when i tell my shakin shoe, but there are ways to get communities on board miller nitika had a good experience on this project. he talked to locals beforehand and offered them a share in the wind farms. profits. let's view. mm hm. is this with what i do is raised the capital for the project from local residents. they essentially give us alone and we give them back interest at a fixed rate. i'm guy that could be 5 percent, maybe 6 percent. that's quite a lot compared to the interest rates. banks offer nowadays vinzini the odd of her buncombe, this is simply there for you. we asked some residents how they feel about the wind farm as image strokes in. i'm not bothered by it up in mind. i only see the turbines and the distant one by when we start us making, it doesn't bother me. i think it's good because renewable energy has to come from

somewhere. oh, but new wind farms will only succeed if the people who live nearby give them the green light. here, at least they found a recipe to make it work. we're. that's all for me and the business team here in berlin. thank you very much for watching. going seo to neutral on a massive scale. inverse field, a town in germany is far north, the residents are switching to hydrogen fuel driving and heating hydrogen produced

with green electricity. this alternative is definitely environmentally friendly, but what needs to happen to make it cost friendly as well made in germany. next, on d, w, ah, economic crisis in turkey is hitting them especially hard and ra. one of is symbols, garbage collectors. every day he hunts for recyclables to receive a mere pittance in return. and now the recycling operation has been outsourced to large corporations at the worst possible time with disastrous consequences for emma focus on europe. in 60 minutes on d w. ah.

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