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tv   The Day  Deutsche Welle  May 14, 2022 12:02am-12:31am CEST

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ellen musk became the world's richest person by investing in the future as he sees it. think tesla electric cars. think space x and commercial space travel. his attention and his fortunes are now focused on the future of the social media platform. twitter, he's offering $44000000000.00 to become the sole owner, a deal that would make him one of the most powerful influencers ever. if he doesn't walk away from it to night, this monumental musk moment. if suddenly in doubt, all it took was a tweet. i'm bred gull from berlin. this is the day, ah, most groaning twitter continued to be a bit of a head scratcher we we have to get rid of the watson trolls. are you planning to let donald trump back on this
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a decision by a private sector company to make on who will or will not be allowed on their platforms? with that doesn't mean that somebody gets to say whatever they want to say, it will put you on much to this is more along the lines of him, i think looking to have more power and twitter yet also coming up the eurovision song contest took place for the 1st time back in 1956, a project for peace launched when the memories of war were still fresh. this year, europe once again needs the music. you know, they've been to more than any one on this journey and it's such an emotional moment when they finally take that stage. we always say people are singing for their country, but they really are. this is about so much more than a song contest with them. it's a proving that ukraine exists and that it has a future. jo reviewers watching on p
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b. s in the united states into all of you around the world. welcome. we begin the day with ellen musk, his attempt to buy twitter and what could be a case of cold feet. today most tweeted that his $44000000000.00 takeover of twitter is on hold. while he investigates the platforms, problems with fake accounts. and he linked a report in which twitter puts the number at less than 5 percent of its total users . now, in his tweet today, most writes twitter deo temporarily on hold pending details supporting calculation that spam fake accounts do indeed represent less than 5 percent of users. then just hours later mosque tried to dispel doubt that the deal is off by tweeting still committed to acquisition. so what is most trying to do here? some say he's having 2nd thoughts. other say he's trying to push down the purchase price for the company. what we do know is that most has been vocal about his
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dislike for spam scam and troll account, saying he wants to make sure that users are who they say they are. we have to get rid of the box control and everything because that's obviously the diminishing the user experience in advance should be extremely rare and really reserved for people where they're trying to perform for accounts that are up once or spam scam accounts where there's just no legitimacy to be counted on a district. so is he loan most really getting cold feet here? years tech analyst sarah silver from quinn, nannie, pac university in the united states. i think this is a pretext for getting out of the deal. it's simply not credible that you didn't know this was an issue is a very sophisticated investor, and this has been a problem disclosed in c, c filings. for years. eli must would have to pay
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a $1000000000.00 to get out of this deal, which isn't a huge amount of money for the richest man of the world. on the other hand, he's gotten to sell quite a bit of billions in tesla stock that he owns before if the price drop by 25 or 30 percent. so he's already made quite a bit of profit on that calculation. the fact that tesla's where the trillion dollars is a product of his image of his brand. and he uses twitter to build this brand of a guy who can shoot from the hip and send rockets to them, send rockets into space and move the whole auto industry to electric vehicles. but that doesn't translate into producing the companies that are the most profitable. twitter is always been a much greater figure in terms of cultural and political importance than it has
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been in economic terms. and that was a serious over there. as you heard, if the deal does not go through, most could have to pay up to $1000000000.00 in break up fees. maybe he has realized that trying to turn twitter into a utopian free speech zone in an uncertain financial climate. maybe it just isn't worth the trouble. and the $44000000000.00 on right now, america is fighting on 2 fronts at home. it's inflation rising. prices abroad, it's helping you. credit is a friend of democracy and freedom. those were left hungry around the world because russian of tri cities exist drawer has, has, has cut off critical sources of food. that was you as president joe biden there, declaring that america is at war with inflation and rising consumer prices. and that, of course, is not news to anyone. and just when most of the world was recovering from the
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economic downturn calls by the pandemic, vladimir putin launched his invasion of ukraine. and that new disruption reversed the recovery in some places. and it pushed up the cost of living practically everywhere. consider your grocery bill. ukrainian. russia are the bread baskets for much of the world, but there's little farming being done near the front lines. that means prices for wheat, barley corn, they've skyrocketed, and a spiking gas and oil prices is pushed up. heating bills. europe in particular, has come to depend heavily on russian gas or give you an example. berlin here, the german capital heats and powers with natural gas, 95 percent of it comes from russia and motorists across europe. they are feeling the pinch at the pump. you will pay about $2.00 euros per liter when you fill up your tank. now that converts to about $10.00 per gallon. the true extent of these shock waves. well,
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it depends on how long the war in ukraine last and the skill of the devastation and the disruption that it causes that depends on this man right here. vladimir putin so far there are no signs that he will call for a halt to his invasion anytime soon. here in germany, the number of people are going to food pantries, for example, it has risen dramatically of some are refugees from ukraine, while others are people who simply no longer can afford to buy every day groceries that you can't on thought on. give me a couple of bananas for the little 10. thank you. economy. there's still plenty of bananas and rent roll at noon at this berlin food pantry, the topple, food bank volunteers, are busy, and the food goes quickly. $350.00 households receive food at this pantry each week and more have been coming since the ukraine war is the food must be divided up carefully with the god darker. dig yet, can you have to think about it
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a bit more area a lot more and also about ukraine or there's less and less food because of the worn ukraine. we get even less food years. the telephone organization runs 350 food pantry throughout germany. and some places demand for food has doubled in recent months. even people who have jobs and a regular income often can't even afford to pay for basic needs. let us nowadays everything's getting clear down as food is in short supply everything as much. i am more and more people are registering for the pantry that im gonna shut up, manages another family plan. ukraine has just arrived, oddly hom, all for me at. but we also increasingly have people who live here who have to budget thanks to the slash. nary development and food prices. im smith is shortly
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took lapse lab and there hm. we have many retired people here. we have many families with several children. live of them kinda on the system only works if supermarkets donate food, but this is on the decline. food is already in short supply and to seldom donated to food banks. mary and earl, it's not lauer and cooking oil are illusory, and we can only dream of them. yes, we don't get any flower. no, while, as even choppers are not getting them in the stores right now and in laden them all big off sunflower oil flour and rice are in short supply and germany and prices have shut up. people have been building up their own reserves for linda food pantries are worried about the future. will morrow gonna turn out to rigor bachman . he is a professor of economics at the university of notre dame in indiana in the us professor. it's good to see you. this friday evening here, less go back in time a little bit if we were doing. let's go back to february 23rd right before the war
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in ukraine began. we were already seeing inflation on both sides of the atlantic. for example, if there had not been a war at all, would we be sitting here to night talking about these on record high inflation rates that were c yes, i believe so. probably not quite as much today's an impact of the war on inflation . but even just having putin threatening a war, drove of energy prices and sort of as long as this situation would have festered on an energy prices and food prices would have gone up to a certain extent. the fact that we see these record high faces is basically an expression of the fact that the world europe, particulars a gotten poorer to through 2 effects. one through a pandemic that has still scott the economy. we still see china not being able to
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deliver. it's good to sort of keep its weight in the world economy and then plus on top of everything, the food and energy prices. so the ukranian crisis, those are the 2 combinations where we've just gotten poorer and inflation is an expression of that. and you said we've gotten poor. one reason is because we just can't get all of the, the goods produced in china as quickly as we could before the pandemic are, are we being forehead is one effect yet one, in fact we being for so into a correction here because those goods are being made in china because they're not being made here. and you know, we went through decades with jobs being cut here in europe and in the united states . are we seeing now a reverse and there are we going to be talking about now intra domestic supply chains being re established? are we going to be talking about manufacturing re emerging in the west? i think this will be part of the equation, although this won't take long. this is not a short term solution, quite frankly,
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a short term solution might be thinking about lowering some barriers to trade, although it is what it is. the problem is in china, we still have a raging pandemic. there's no solution on the, by the chinese inside. whether they let it run, the economy will collapse. so it will be in dire straits whether they don't have a vaccination. so if they keep doing the lock downs, that won't help economically. so it's really a dire picture here because i don't see an exit option. well, how is china ever gone to exit from this pandemic? and as long as that is not solved resolved, we're going to see this pressure from china in terms of the ukraine part. i do think that we will see a long term correction. people now talking about french offering, meaning that we should think harder about, you know, trading more prominently with basically regimes and countries that we share value
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with. so that we are not, you know, exposed to the kind of blackmail that europe currently is by the russian really. and it means we're looking now at food banks, for example, you know, having numbers that were unimaginable just a year ago. so groceries are becoming prohibitively expensive for people at the same time. when you look at the real estate markets here in germany, for example, in the us, they are hotter than ever. there is money, people are paying incredibly high prices for real estate. at the same time, we've got cases of people not being able to afford eggs in butter and how do you bring equally, bringing back to that? well, i think we will see, at least in the us, i think we already see a coming down of the real estate market unavoidably. because the fit is going to massively increase interest rates and talking about, you know, multiple even 50 basis points. actually we'll see whether that materialize,
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but we will see at the end of the year, we will see interest rates between 2 and 3 percent. and that will push a mortgage rates, and that will inevitably come down the mortgage market. your will have that a little bit, but with the delay europe, it's just a little bit behind the curve. so i think we will see coming down of the real estate market. but indeed there's a problem of inequality. when i said we all go collect, if you poorer, it's now a political question. how are we going to sort of distribute the pain? there will be pain. there is no question that there will be pain. this is to extend unavoidable. the question now is, are we letting the most vulnerable in our economies suffer is, is going to people have to, is it going to have to be paid by people that can probably afford it a bit more? which means we will have to increase transfer as a social programs to make sure that you know, the most vulnerable in our society are not hit too much by this energy and full price. when you use the word transfers, you know that that is
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a hot political potato in the united states. you've got mid terms coming up in 2 years. you have a presidential election. what would be your advice to who whoever is sitting in the white house? what should they do? i mean, we don't want to inflate the power of the executive branch any way to fix the economy, but what can the state, what can't, and shouldn't do right now. i think you would have to see a n, a sort of a fiscally neutral re distribution program. and in other words, not being expansionary, as we were actually in cobit, which at least in the u. s. i think contributed to part of the mess. so i think what you will have to see is you probably might want to send checks again to people that really are suffering. but you'll have to find that by taxes on the rich. that's the really only sensible option is that avoids, you know, contributing the inflation further, but also solving the distributional problems,
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let me account be facing. otherwise we might see social unrest. yeah, we'll, we'll see if that will, you know, be able to win an election for some candidates in the u. s. can come this fall and into years. economists rigor bachmann joining us for the great state of indiana. we appreciate your time tonight. thank you. thank you. oh, what to night? a russian soldier goes on trial accused of war crimes during russia's war in ukraine. this is the 1st time that we're seeing this a 21 year old is accused of killing a 62 year old, unarmed civilian during the 1st week of this conflict. a media scrum at ukraine's 1st trial of a russian soldier on war crimes charges. the 21 year old is accused of carrying a 62 year old man, shooting him dead to stop him from reporting the russian soldiers presence to the
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ukrainian military. put a voice in the recorder, so squeeze on february 28th in a village northwest of how keith this new, the accused shot an unarmed and on threatening civilian in the head with an assault rifle. misery over the walks a loop and was broiling the trial, marked the beginning of a ukrainian judicial prob, into alleged russian atrocities on its territory. the attorney general says prosecutors are examining more than 10000 alleged war crimes committed by russian forces against ukraine's civilians. so that should, meanwhile, german chancellor, olaf schoultz i spoke with russian president vladimir putin for their 1st direct communication in weeks and rushes foreign minister had harsh words about ukraine's ambitions to join the european union. should the list, though you will, so uses uncles through illegal you has evolved from a constructive economic union into an aggressive militant actor who sheila, you good luck with ambitions far beyond the european continent that it was
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a big deal in eula at the school continuum. ukrainian president followed him as a lansky also declared himself ready for direct talks with russian president vladimir putin, but stressed that ukrainians would not look kindly on it as things stand, rushes invasion of ukraine. what exactly is vladimir putin thinking? but we wanted to get some insight and so we spoke to me, kill cassiano. he was prime minister of russia under prudent between 200-2004. he's a former potent ally and he became a leading political opponent. he now lives in exile. we asked if he is surprised, that putin did not announce a declaration of war or a national mobilization on monday may 9th victory day. in moscow. i didn't expect there will be announcement war and mobilization because of the some reason. if we're done with the spectrum that will do this, we've done this,
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it will be demonstration of his weakness, that special operational failed and just keep call for the whole russian. russian will help him to get out of the situation and that's why it wouldn't happen at it. but he actually has to put in on his speech was upset of the week. and he is, i would say behavior was a little bit nervous and i would say, i would say, just wait to stop there, thought allies that you know, losing the school, especially after all those demonstrations of european union great freedom and united states just over those decisions so delivery of military equipment that is already just creating a some kind of, i've not yet, but some kind of advanced decisive advantage will be great in the future, i believe. ah, well music vans are gearing up for the eurovision song contest this weekend. italy is hosting what has become one of the most popular television events in the world
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with nearly 200000000 viewers tuning in that the competition is supposed to be about the music. this year. the political overtones are stronger than ever. russia was kicked out of the competition and one song is a clear favorite. take a look. ah, the ukranian who hip hop band to loose orchestra or wanting a wave of good will in to read their son to funnier fuses, traditional ukrainian folk music with modern day hip hop. its members have been given special permission to leave the country to perform. they want to use this very high profile event to draw attention to the war in their homely well, my next guest tonight, i dare say, knows as much about the eurovision song contest as any one. and he happens to be an american. his name is robert tobin, he's a professor of literature and culture at clark university. the book that he co,
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edited with yvonne re coff back in 2007, entitled a song for europe has become a primer for people who want to understand the san contest its music and how that fits into european culture. bob toby joins me tonight. he's always where the action is and tonight and tomorrow is going to be to read italy where the contest takes place. bob, it's good to see you. i mean, it's amazing, right? we've spoken so many years on this show, but we've known each other even longer about the eurovision song contest. this is the 1st time that we've talked about the contest taking place while a war is raging in europe. that's true and it's great to see you again to brent it's just wonderful to talk to you about your vision and indeed i'm here in tour and in my hotel room. that's what's going on. so yeah, it really is true. this is the 1st time that we've had such an open war when you
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create one last time, actually the russians had already invaded crimea. so it was, you know, something at the equivalent of a cold war, perhaps at that time. but that is certainly lead to more somber effect. so the somber mood a, to the whole competition, i think. and as you mentioned in the intro, it definitely resulted in russia's expulsion from, from the contest. i mean, are you noticing anything there already? i mean, you know, you say it's resulted in a somber mood of the we usually associate the eurovision contests as, as a big party. is it still that? yeah, well it is still that, and there are a lot of people who are having a lot of fun and, and one thing i do notice is that in the fan groups a little bit, ukraine is the elephant in the room. so people will go on and on about how great the you k is there, how fantastic spain is, or italy is, or sweden and,
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and ukraine usually seems to be sort of left aside as kind of a special case. so it definitely is still got that kind of fun and celebratory effect. but on the other hand, almost all of the kind of really crazy acts have a didn't make it to the finals. so notably, san marino, which at the song about a stripper on a horse, a cowboys kind of thing that didn't go through albania, had a kind of a crazy, crazy entry that also didn't go through. so there's a lot of ballads since it is, it does feel more serious to me than usual in and i've heard some people saying that this year, the eurovision song contest. there can only be one group, one country that can win, and that has to be ukraine. i mean, do you agree with that? i'm just thinking tomorrow night when the voting is taking place. i mean, is there, is there going to be this pressure on everyone around europe, you know, to, to vote for ukraine out as hell with arity?
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i think so. i, so i, i believe ukraine will when, and the odds, thoughts makers all agree with that also. but you know, everything's possible that would be an enormous upset if you crane or sweden one, but ukraine will certainly finish at the top and near the top or probably in the top place. so yeah, let's see. yeah. then let me ask you, before we run out of time, you know, the eurovision song contest was launched back in 1956 and it was a project, a piece in european unity. i mean, do you think that this year and what we're seeing now with the warn ukraine, could it, could it serve to give this san contest maybe renewed relevance moving forward or doesn't even need that. i believe it does. might be a little idealistic on my part, but just as this war has kind of, strengthened the resolve of organizations like the european union and nato,
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to kind of really re, you know, rethink and re commit themselves to their missions. you know, my sense is that this crisis that we're in right now has made people re thank you to what it means to be european and, and, and what it means to come together as a you know, as a group of peace loving asians, which i think is the direction that the context is going to go and or a professor robinson joining us tonight is worth. he is in terrain. italy, we're tomorrow. the resume, thank you or visit san contest will take place while it was good senior. we appreciate your time. have a good time this weekend. okay, well do 5 i the day's almost done. the conversation continues on line. your flight is on twitter. your find me on twitter at break. gov tv, every member, whatever happens between now and then tomorrow is another day we will see you next week have a good weekend. everybody with
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nico india. ah, how to rescue and solve india's huge wasted problem. start up in new delhi has this film and it turns out food into animal feed from the city. the project is finding consensus and not just among the counter eagle in the
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next on d, w, making the headlines and what's behind them. dw news africa, the show that the issues have been the continent. life is slowly getting back to normally where on the street to give you enough reports on the inside of our cars fund that was on the ground reporting from across the continent. all the trend stuff, the mazda to you in 60 minutes on d. w. o. in, ah, natural spectacle, in an improved world. the meeting of the little whale sharks. the remote island of san antonio,
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a testament to the quality of the waters. one of the many success stories from a bastion of biodiversity sports may 20th on d, w. ah, with from the gardens of interim to miss support team you to the field of modern the industrial fobs. we'd been producing food for millennia, but to the spectrums of consumption and production of how many people and the planet on this addition of eco, india, we explore efforts, underweight,
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help fix appropriate food system.

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