used to crack down on descent and that it could damage the country's relationship with the european union. opponents of the georgia government school to victory to day. but they say the fight is not yet over. and with that, now you're up to date here on dw news. don't forget there's always more on the website, d, w dot com. you can also follow us on social media. i'm sarah kelly and berlin. thank you so much for watching. picky with interest, the global economy? our portfolio g w business beyond. here's a closer look at the project. our mission. to analyze the

fight for market dominance. east this is wes. give a head with the w business beyond them. what are sports, all a scoring? did we say they were about giving up sports like every weekend on d. w. ah, ah, biden's billionaire busting budget battle. the u. s. president is proposing a 25 percent tax on billionaires to avoid the u. s. defaulting on its death. republicans are pleased to we will go to wall street also coming up in argentina and bolivia. people are growing desperate for us dollars. want to know why stay

tuned or come back to another dw business, i'm christy plots, and coming to you from berlin, a 25 percent minimum tax on billionaires is a keystone to us president jo biden's, new federal budget plan, which summer calling a blueprint for it yet to be confirmed. reelection bid. there's the democratic president visit, visited philadelphia to present the plan, which aims to shrink the nation's deficit by nearly 3 trillion dollars by raising taxes on those earning more than $400000.00 a year. and nearly doubling a capital gains tax of 20 percent. the proposal for higher taxes on the rich comes as republicans demand federal spending cuts in exchange for lifting the u. s. government legal borrowing limit. a lot to unpack here and i'm packing it for us is young quarter at the us stock exchange of the new york stock exchange, part me yen. what is all in this budget pro proposal? well, i mean, no question, chris,

the that the president joe biden is planning to increase texas quite a bit actually by 5.5 trillion dollars over the next decade. at this point, we really have to be careful and not mixing up trillions. and so there is a lot of money on the table as you're already hinted, says so well, earning americans are supposed to actually taken the burden of the text them increases and then on the other side, what is being done with the money it is going to support the social system here in the united states, and by the way, also the military. so the current budget season, an increase for the pentagon by a good, a 3 percent to $840000000000.00 trillion all the same to be and now republicans have already said they plan to reject the budget. does it stand any chance? well, i mean, as we always know, always those budget proposals such as they keep saying here,

it's dead on arrival. so no, it will not pass the republican controlled house at all democrats seeing to increase a texas. and then on the other side, you have very republicans actually looking to actually lower the text code for americans. so this is just the beginning of big negotiations that are going to start here, but this proposal will never see the day, the light of the day. i mean, this is about more than just this budget, right? i mean, if this is really a blueprint for a potential reelection bid for by like summer speculating, what does it tell us about that potential bid? definitely, christie. i mean, that's basically what this is all about. so that joe biden is showing his potential voters. so what he would be doing in their favor, if that budget proposal really sticks until november 2024. when we do have their

presidential elections remains to be seen, but they are a couple of parts that to could find some bipartisan support, at least from voters, for example, limit for prescription drug prices, also daycare subsidies them for american families. so they are a parts of this budget that actually would go down well on a bipartisan level, but still at the end of the day, this budget will not go through as we've seen it today. it is a pretty bold move from joe biden, and it will be interesting to see the response from a republican said, what's going to come in the next couple of weeks and months. thanks for packing that for us. that was the quarter in new york. now to some of the other global business stories making news, the netherlands as currying exports of ultraviolet lithography equipment,

which is used to make advanced semiconductor shipment chips to china. following pressure from the u. s. dutch company a s m l is the only maker of these machines. it's feared they could be used to produce chips for chinese military equipment or weapons of mass destruction. u. s. crypto ending bank, silver gate is shutting operations. it was one of the major banks for crypto exchanges, like the now defunct f t x. silver gate says all deposits will be fully repaid as the company winds down, the bank has been struggling for months. it reported a nearly $1000000000.00 net loss in the 4th quarter. unusually high demand for the u. s. dollar is causing panic. in bolivia, it's the country 2nd currency after the bolivian o and an indispensable part of everyday life. but dollar reserves in the country have been dwindling for years, and many bolivians fear the lose access. panic is in the air. in bolivia,

everyone wants to get their hands on dollars. but those who make it to the bank may be disappointed. the banks can't always meet the skyrocketing demand. ernest, i was gonna let you know that i'm looking for dollars here because last week i went to the exchange houses in l alto. but i couldn't find any. they all said there aren't any dollars. i owe dollar, so i need to get dollars and i'm paying interest. the person who lent me money doesn't accept believe. yo's. what is, how does that look you up at a meet i get out of that love me up with all the central bank is trying to turn the chaos into com z thoroughly because you know, a portal as you are, repeat the invitation to those who feel affected and have been unable to satisfy their demand for dollars either in the financial system or in the exchange houses of you should come to the central bank of bolivia, uncles, and rather from this date on the mechanism it had with bengal. noon is ready to

satisfy the people's demand that the official exchange rate for the latin man. like if with acts, you see the le pool as you. i think, both and come view of the central banks. dollar holdings have shrunk dramatically from $15000000000.00 in 2014, to just under $4000000000.00. bolivian ford exchange comes primarily from the sale of commodities, such as lithium and gold, but exports have shrunk, increasing the feeling of uncertainty. while bolivians aren't the only south americans facing dollar related fears, residents of one us areas and other argentinean cities say that unregulated tourists rentals are pushing them out of the housing market. that's as tourist dollars are quickly becoming more preferred among landlords as an inflation rate close to 100 percent. pushes the value of the argentinian pay so down torture, get us a suburb of quite us air ice. gustavo,

do our j had to move here and into a home without running water or sewage? it's almost 2 hours by bus and train to the argentine capital. gustavo used to live in the capital, but then his rent was said to increase by 65 percent. what he looked for other options, he found many apartments in the city were being offered only to tourists on platforms like air b and b. booking mercado library or zona prop in apple at the forum on most of these recognized such platforms, that types of search, for example, either permanent or temporary rentals. and if you set the filter for permanent apartments, those are not available yet. but if you look for temporary rentals, options appear here, but i see an alternate gear, visio munoz, is the president of the argentine tenants association. he shows a map of the 20000 apartments in buenos aires that are offered on air b. a. b munoz is calling for the regulation of tourists rentals,

just like in other cities around the world such as paris force, alona, berlin, or new york. it follows that boy, should i like this type of business should only be able to operate in a very touristy areas where there must also be a percentage of tourists rentals. also, the number of nights for a tourist rental must be limited to electric zip. where if on a local authority, alejandro is a retired chemical engineer who inherited his mother's apartment 10 years ago. he had been renting it out to tourists for 8 years. so he government, in my family, we've had experiences in the past with apartments that we rented out. the tenants never paid the rent. so those people lived there for free for 2 or 3. as soon as i was the president of the argentine real estate chamber admits that, taurus rentals are reducing this apply a permanent housing. but he blames this mainly on

a law that has extended the term of rental contracts since 2020 but this new law does not allow, at least to be signed for less than 3 years. and the rent increase will not take place until at least one year. but then inflation has already eaten up that rent increase. we have an annual inflation rate of almost 100 percent. while gustavo has to get used to his new home, the government of what else areas has not yet outlined. next steps to combat the larger problem. air b and b only answered that quote. they will continue to work with authorities and other stakeholders to find solutions. one of the most pressing issues for china's economy is it's rapidly aging population. more than one in 5 people are over 60 and it's raising serious concerns about the long term ability to support the elderly within these changing demographics. however, some investors see an opportunity they are old and well off and live in

a newly built apartment complex for seniors on the outskirts of shanghai, membership cost, a $150000.00, plus a monthly charge of $650.00. and australian investor believes a marketable luxury time in homes, lies in china, voice shouting, tom, go, those are the young houses. ha, my man, am i the financial situation of those who retire in 5 to 10 years will be better than today. and the mindset is changing from senior is no longer see themselves as their children's household assistance or grand kids. nanny's, they want to live independently with his mindset and an aging society. the market for a time and homes will be bigger and bigger. wow. now your losses hockey will be in a yelling at china is aging. normally, children take care of their elderly parents. 90 percent of retirees live at home, only 3 percent, live in retirement facilities. the idea of spending the final years outside the

family is foreign to many yards the abilene. i would not go to a nursing home as a matter of principle. and even if my children wouldn't allow it, they've said it, they don't trust nursing homes, fire molecular, but things are changing, and investors are seeing an opportunity in up market nursing homes. well, that's all i've got. if you'd like more checkout d, w dot com, or else on youtube and facebook and christy flogs number, let's see tomorrow. enter the conflicts own with sarah kelly as vs war of aggression against ukraine raises on the battle field. it is also using information pam hanes to promote both narrative in a conflict. so special, i mean a security conference by at the high level panel. and when in the battle again,

information conflicts on d. w. how much does kofi hon, the environment? and these pioneers know that quite well, and that's why they're taking a different approach. they cultivate old farming, taking revive forgotten plant species, and discover new potential world wide in defiance of big corporation is good coffee in 60 minutes on the w. oh, hello guys. this is the 77 percent the platform for africa due to the beat issues and share ideas. ah,

you know, or this channel, we are not afraid to happen delicate topic because population is growing. i don't, people clearly have the solutions the future belongs to the 77 percent every weekend on d. w as much as war of aggression against ukraine bridge is on the battlefield. it is also using just information campaigns to promote false narratives and conflicts don't special at the munich security conference i spoke with the czech republic, foreign minister, nato's assistant secretary general, google's president of global affairs, and a south african dis, information specialist. how can the truth when the.