bodies basically something nobody should interfere with. and so it has been off. yeah. and i am personally against making lexi nation mandatory for certain groups of the population only, for example, for health care personnel. to me this would be the vs solution. and i say either you make it mandatory for everyone off on no one note africa with mused this divided both in an outside parliament. a potential vaccine mandate won't come into effect before summer. many experts say that will be too late to cup skyrocketing infection rates. the federal reserve is raising interest rates soon with implications for the global economy. chelsea delaney has a more details on business news coming up next. people in trucks injured when trying to free the city center more and more refugees

are being turned away. families played on the tax in syria to these credit owners with demonstrated people fleeing extreme round off counting $200.00 people from the agency around the world. more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines ah. out. they could buy to easy money, the federal reserve that so it's roadmap for ending at $10.00 demik stimulus. we'll

see what that could mean for the recovery in the u. s. and the rest of the world and the volcanic eruption triggers an oil fill, an ocean away, and peru where people now wonder who's going to pay for the damage and what, what's the winter wonderland, without the snow, will take you to colorado where climate change has the resort making their own powder and chelsea delaney welcome to the show. interest rates are on their way up. that's the word from washington, where the federal reserve has laid out plans for paring back stimulus to fight surging inflation. prices in the us are increasing at rates not seen since the early 19 eighties, driven largely by energy and food. and march, the central bank is likely to raise the cost of borrowing for the 1st time in nearly 2 years and wind down at asset purchasing program that could help cool inflation, which is running at a fastest rate in 40 years. now fed chairman jerome powell addressed fears that are

rate hike would hurt the job market. i think there's quite a bit of room to raise interest rates without reading the labor market. this is by so many measures historically tight labor market record levels of job openings of quits. wages are moving up at the highest pace they have in decades now against corta. r corresponded in new york joins us now. yeah, and this was a highly anticipated meeting. what is your take away from what we've heard from from power and the federal reserve here? well, chelsea, i would say what was most surprising. it's how often jerome paul, especially during the press conference repeated that we're almost seeing max employment. so almost full employment here in the united states and that inflation is hotter than the federal reserve firm had expected for quite some time. and so

that did sound a bit more aggressive than some market participants. some actually expected. tim, if you look at it overall, i mean the united states is expecting growth of about 4 percent this year in general, that is pretty solid. and so it's crystal clear that in march, if nothing dramatic and happens, we will see the 1st them increase of interest rates followed by a couple of other measures in the remainder of the year when the prospect of the fad turning off the stimulus tops has been causing a lot of volatility on market in the past couple of weeks. what has the reaction been from wall street today? well, it was actually pretty strong reaction. initially before the meeting ended to blue chips were up by a good to 300 points, then we got the end of the fed meeting. nothing major happens. but then when jerome

paul started to prep press conference, that's when the stock prices started to drop at some points. blue chips were down by about 300 points. so that's a point swing of more than 600 points during the training session. i mean, if you look at it historically, when we are in faces of rising interest rate, that has often been a pretty good time for stocks because the reason why the federal reserve is increasing. great. because the amount call me is a strong and not a weak having that set. and that's going to be one of the big questions that the u . s. economy especially also the stock market on the rice so strong in the past couple of months in the past, almost 2 years is mainly because of all the stimulus measures from the u. s. government. and because of the ultra cheap monetary policy of the federal reserve,

and if those to a pillar so to speak, are taken away, we have to see how markets and how the economy react. that maybe one final word we shouldn't forget. it's not due to the federal reserve to make their stock market happy, and they have to look for price stability and for employment like a point there. yeah, and thanks so much for joining us. now the ripple effects of a volcano in tonga are washing up on the beaches of peru. the eruption triggered as to nominate soon ami that had peru including an offshore refinery. peruvians are joining the queen of effort while the government demands compensation. here at this speech off the coast of lima. every high tide brings in more oil. that's from a spill over a week ago. that dumped 100000 leaders of oil into the sea. the

situation is dire. salons are offering free cuts to collect hair from locals to accelerate cleanup efforts with its oil absorbing properties. every little bit counts. and for peruvians, it's personal. one woman even brought a braid of hair from her deceased sister who she said would have wanted to help. but even as people here do whatever they can, they say the heavy lifting must come from reps all the oil company. they accuse of negligence. from this point i ratify my government's commitment to not only sanction this but to also hold reps all responsible. this business must make payments to the residence for damages and it must fix the damage done to nature. and the c o dot o liver, or protests top rated, and the peruvian government is investigating public prosecutors se spanish stone

reps all. could facie 30000000 euro fine. the pump p a refinery is responsible for over half of cruise oil production. but the government says it apparently didn't have a contingency plan in place for such a spill around $1500.00 traditional fishermen work in the area earning between $12.28 euros per day. with this hand to mouth, existence just got more difficult. narrow. not having been, nothing is selling the, the people, well, you saw this bill, the fish more than anything. give off the smell of oil and people don't buy them and they don't eat it because they're afraid of getting poison. that's why because of the oil spell, when they both arriving work was in full swing and they cut off our arm. so the tourism sector has suffered through 2 years of pandemic waves. now

businesses are bracing as waves of oil wash up on the shores of at least $21.00 peruvian beaches. but if a, if faith on of alameda, this is not only affecting fishermen, every port, all peers, all the beaches move in lockstep with the fisherman. but if there is fishing, taxi drivers are in business restaurants where people come after swimming and so on . not just on the weekends, but also on weekdays, we went to the hampton my family domingo valuable to the north of indian reps all says it's working with clean up crews in the area and in a statement on their website added, they want to remedy the impacts of the phil. but if the peruvian government has its way that remedy could include a very big check. now to some of the other global business stories making news, china's trade in goods has jumped eightfold since the became a member of the world trade organization. 20 years ago. official figure, sho, combined imports and exports top more than 6 trillion dollars for the 1st time in 2021. us playmaker. boeing thing to last in the last quarter due to charges linked

to production, problems with its 787 dream lighter. this came after 2 quarters of profit fuel by rebounding delivery for the 737 mass electric car maker tesla has posted or record profit of $5500000000.00 for 2021. despite widespread setbacks and the supply chain of electric batteries and other parts, analysts and investors are choosing to focus on the company's ability to keep up with production, promises at 2 of its new factories. now when the world's top sc years and snow borders converge on beijing next week for the winter olympics, they'll be competing almost completely on man made. no, it's not just paging wars. your resorts around the world are faking what the weather isn't making. hitting the slopes is a time honored tradition and a sport in many parts of the world like here in colorado. but as soon as last

a month of winter since 1980 and warmed about 3 degrees fahrenheit. where has that month of winter gone? a warming climate and route in the western united states has changed a snow patterns. experts say with current warming trends scheme may not be a viable industry in colorado beyond 2050. that would be a huge blow to local economies. in the u. s. a 2018 survey estimated the winter sports industry is worth $20000000000.00. but in colorado alone, a 2015 look at the industry there showed that it contributed nearly $5000000000.00 worth of economic impact each year. snowmaking is now seen as a way to make up for the delayed natural snowfall. yes, making is really important to her early season because there's a ton of people that want to ski. and colorado usually starts getting really good

natural snow like it's doing now. sometime in december and so we rely on so making that early part of november, i just kind of get things open, get a solid base, get people out and excited, and then i can bridge our way into the national snowfall. according to the colorado beast national ski areas association, 87 percent of their $337.00 alpine resorts have snow making capabilities. but critics say snow making is really more of a bandaid than a long term solution. really is just a short you know, an adaptation strategy in the end. what needs to happen is we have to get fossil fuels turned off, and the quicker we get them turned off the longer still making may be a viable adaptation strategy. over the last century, snow pack has decreased by about 20 percent in the western united states. it may be all downhill from here for some of these iconic winter sports destinations.

now before we go, beatles fans will have the chance to own a virtual copies of guitars, clothing and song lyrics that once belong to john linen. the items are going up for auction and the form of non hon tokens, or, and f t's winning bitters for walk away with the unit of block chain data that gives them access to unique digital asset linen son. julian views the latest crypto creates as a way to share the sentimental items without having to part with them. and that's all for me in the business team here in berlin for more from us, check out our website, d, w dot com slash business. thanks for watching and see you next time home. the 1st they meet in

japan. the kids are learning early on where their food actually comes from and to respect nature's provisions. the result, the healthier diet and less obesity. school can take so good. over $3000.00 w, the global population is grilling, which means we all need more energy, petroleum, nuclear power, and wind energy, for maybe hydro energy, reliable, and or sustainable. what does the future energy look like? made in germany? in 60 minutes on d, w. o.

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