every price of teeny june is in a country like turkey taking all the powers that be they risk everything, gender, meat activists, journalists, and politicians, living in exile. they were torture. they live for their mission. what drives them? people need to know what is happening. there are series guardians of truth watch now on youtube. d. w documentary ah ah ah. once upon a time for west banks were considered a some of the faith of places to park your cash. but recent events i have called

about into question prompting fears. we could be on the brink of another financial crisis. we'll delve more into that in a moment, but 1st, a little taster of what else is on the shelf. why russian tech workers are heading to georgia, how to turn a diesel bass green and flying a kite to harness the power of wind. i'm paid ferguson, welcome to made so glad you could join us. the recent collapse of silicon valley bank, a prominent tac lender st. shockwave across the financial system, as well as highlighting gaps and regulation. it also exposed vulnerabilities in other institutions like credit suisse. the sudden downfall have jogged memories of the 2008 financial crisis. and sparked fears of a similarly disastrous contagion. but are those concerns well founded? i reported most yadda schmidt spoke to an industry insider to find that

1st one, then another. and yet another bank starts to flounder. could we be facing a domino effect in the banking sector? monday. so now you can see the markets are nervous side, both in the us and europe. such a stephan is a banking expert. when by the one when mo banks go bust, when we actually see a domino effect and we were min, yes, my longer mr. domino. for the time being, at least we seem to put the brakes on any domino effect and guns un mission. the decision to essentially protect all deposits was an important one. and not just for the s b b bank, which is actually in trouble, but also to be considering it for all u. s. depositors in order to avert a domino effect. a lot. of course, that doesn't mean that the risk has vanished. damn it ali the petition. that's

because other banks in the u. s. and elsewhere have a problem. they invested customer deposits in fixed interest government bonds to manage risk during a time of low interest rates. but now interest rates are rising again, causing the bonds to lose value. when investors begin to worry, a bank is crumbling, they withdraw their funds, and the bank runs out of money. a psychological fact is playing a part and causing people to panic or draw their money on investment and well, what's panic and what's rational in the u. s. we are currently seeing a drain and cash reserves at smaller banks than complying with bank. guys have extremely wealthy customers who figure a big bank won't be allowed to fail, they'll be bailed out, finished, you get the so why not just move my money? they're good. that that's an eminently rational line of thought. we got to my log dunker,

does the looming wave of bankruptcies threatened to spill over to germany or all of europe? are we facing a repeat of 2008? mm hm. sean does in, oh, i do believe it seems that regulation is applied differently and ural and to a larger number of banks in the office was one that's at least what european bankers say. and that's why european banks have been grumbling and recent years. like with all the stricter implementation of banking regulations, treated an unequal playing field for the u. s. and europe conscious bank nick, american banks were able to earn more than european ones, went yet. but now european banks could be an advantage if they're now better positioned, like credit suisse is a european bank, and it also got into trouble. so what now? that will mock money? huge, less tell how about a stress test for marsh. at the regulator could quickly decide to take a look at interest rate risks, and whether banks have enough deposits to whether a shock that gives them a sense of how stable the banks really are mcmahon,

i'm checking on the the bank. in closing, the banking expert has a question of his own on let no, not finish all if you just load finally. and i think it's a justified question because of how much of the banking business relied on the conviction that the tax payers or the state would provide a full guarantee on deposits. the guy just did this, give banks a license to take risks because any losses would be covered by the state and the producers will tell you the baton. it's an interesting question. to what extent do bank factor in states the poor when they're conducting risk analysis? since the last financial crisis efforts have been made to strengthen regulation to ensure there's no repeat of what happened back in 2008. but another argument you often hear is that no matter the trouble, a lender or a business may be in the market will fix it. but what does that actually mean? and does the premise make sense?

ah, the market blessing o cuss, the market will regulate itself. the market feels efficiency, growth and innovation. phrases you often hear from the lips of economists and business journalists. but does that mean the market is an entity of its own, unassailable? some kind of omnipotent monster? where does this view of the market come from? oh, it all started with the british economist, adam smith in 1776. he described the market as an invisible hand, although companies may act for their own benefit. in the end, their action automatically benefits society as a whole. astern economist, fatalist from high it went one step further. at the beginning of the 20th century, he saw the market as a force that transcended human consciousness operating as if, according to the laws of nature. and what does that mean to day?

a boss might be responsible for layoffs, but only because the all powerful market demands it. the supervisory board members approve of seen the high salaries will talk bosses even after a series of fe is not by choice. but because the market dictates in. and critics who view capitalism as a predator to be tamed are effectively suggesting that the market economy is a creature with a mind of its own. others argue that this is false, that the market is not a living, being with feelings, fears, or diseases. it is dead or rather it was never alive. the market is a man made construct that doesn't have a will or purpose of its own. it's the actors themselves that determine the rules. so it's not the invisible hand, but people who determine how things turn out the market isn't a blessing or a curse. but both at the same time. mm

russians. war and ukraine has caused untold suffering. those who remain in the country live in constant fear of bombardment. families have been torn apart, and a generation of men have cost aside their previous life plans to fight the invasion . but on the other side, with in russia, there are those who oppose vladimir putin war. hundreds of thousands of them have fled to the crocodile on descent on the military draft. many heading for neighboring georgia. among the cohorts of new arrivals, or from highly qualified and much sought after i t professionals. but to me on george's black sea coast has become a magnet for thousands of russians. among them is maria from st. petersburg, like her compatriots, protesting here. she's firmly against vladimir putin and the russian invasion of ukraine to maria was a supporter of opposition figure. alexey navine,

who is currently imprisoned in a penal colony. she sees no future for herself in russia. will bring up a demonstration like this is possible in georgia, in russia. they just look your way immediately. russian citizens do not need a visa to enter georgia, which made it easier for maria to make, but to me, hon. you home. the same applies for elia. he fled after being called up for military service to fight to putins war in ukraine. yeah, navy, i see no reason to be part of this. are you military operations? almost it's not justified. i'll over my parents have a very different opinion, but like on my at additionally, we were always arguing about it. i knew that the arguing came from nothing's conflict. me pretty well. there are millions of families who have this conflict here in iowa. it makes me really sad that we can't agree on the issue when you model my job, say, look hillier lives in an apartment here with 4 other russians. in his home town of

katherine book, he worked as an i t expert for a blank room through through of a pepper they were. he also had a side job as a fashion model will go from from blue on fail articles benevolent cooper. that's the part of his old life that he misses the most. the smells below the, all of my car, the fashion industry is non existent in, but to me there are, there aren't any shows like, i'll just the occasional photo shoot off of the ceo mach ah, the modeling agencies are all in the capitol tbilisi. read them to just you or i am, but it's really expensive to live there because there are so many immigrants in is them. the cost of living and between me has risen since the new arrivals from russia started appearing. maria hayes, $500.00 heroes, a month for her small apartment, she took in her pet dogs, betty, just a few days after arriving and but to me,

maria is financially well enough off in russia. she had a highly paid job in programming with an american farm. and she's now found a new employer based in israel. the georgian or socrates, make it fairly straightforward for the russians to find their feet, granting them residency, and work permits within a matter of days. router your water program, if from a i registered as an independent contractor, which is easy and only takes a couple of days. yeah. plus taxation is really low for small businesses, only one percent of your income up front. but it's a unique and very attractive situation for i t, a specialist, which is a big reason for so many programmers coming here. although there are tens of thousands of us all visible qual under sub capricious. ilia likewise owns his income online. as a programmer, he continues to work for his employer, a bank in russia, despite having fled military service. the 24 year old is optimistic about his

career prospects. since arriving in for to me, he set up a club where new comers can learn how to make money from mastering strategy games. is there a missed to become successful business people and get ahead in life ah jargon as well as the club is based on cash flow, you get up for a game that involves financial literacy rather than is of huge interest among modern business. people like law. so the events are always fully booked, which makes me really happy way, the way it sir, is to die devilish go. ideally, maria would like to move on from georgia to the you. the problem, there is the red tape and general difficulty in being granted entry, especially with her russian passport about to expire, to bidding with me, if it's in pity, we want to go to spain or portugal, but i have to wait to get

a new pass. since the war and you train its being extremely hard to get a new russian passport from here, it takes at least 6 months. so in my case, probably in the fall, into the ocean for buffer portal. but of course, the russians have given a boost to the economy here in a country with precious little manufacturing or heavy industry. but to me is primary erna is tourism television because there are a lot of cafes in town, k to into russians and other refugees. but it doesn't bother me. i'm a courier as a student. and it's impossible to rent an apartment here because the price is growing and growing every day. so it's feels like i'm, i'm too busy and not local them because every,

via their rushes are at least toner rated. here the 2 groups actually live parallel lives. russia is the big lives because it's young, highly educated people with modern qualifications to turning their backs on the future regime and who are in no rush to return. the future of mobility is electric. on here in europe, at least we're ready thing big strides towards making public transport greener. if we look at the 1st half of 2022, for example, we can see that the united kingdom issued a total of $350.00 new permit for electric buses. next up was germany with 246 with france and denmark coming in 3rd and 4th place respectively. while that is solid progress, that certain challenges remain. electric buses are often prohibitively expensive. but what if there were a way of making the shift to green energy,

more cost effective lou, this is the future. an e bus taking on city traffic. for now it's a rare sight. not even 3 percent of the buses on germany's roads are electric powered. so there's still a lot to do if germany's public transport system is to be climate neutral by 2045 as planned manufacturers can hardly keep up with demand even though an electric power bus is twice as expensive as a diesel one. what about just upgrading older models? no hope of on there are 800000 buses on the roads in europe. take bush, scrapping them all in the name of c o. 2 neutrality doesn't make sense. and we would like to electrify as many of these vehicles as possible as a way to supplement new vehicles again. so we are planning growth across europe on i 2026. i would like to convert 5000 buses and it was 26 and 20 who to can from

1000 was almost a retrofit upgrade as environmentally friendly and cheaper. it costs around half as much as a brand new hipa old motor out new one. it sounds easy, but it's not the engine used to be where the batteries are now on the engine is now in the tires. it's called a wheel hub. moto, it's much smaller, but much more efficient than the older ones. yeah, interesting. cut me gamma a mega market is currently being created here will be brought and that's also a big point of criticism. beyond that we as germany warrant of the forefront young ally, we waited for others to do the work. while we kept developing our 6 cylinder diesel or gasoline engines, that's why we're now stepping up our efforts to catch up,

understand how we can see that this conversion concept will work worldwide. and that's what we're working toward of get off his goldfish hood retrofitting old buses instead of buying expensive new ones. it's one idea in the fight against climate change and one that doesn't only work for buses. thinking of ideas to fight climate change. here's one you probably haven't thought of yet. flying a kite in serious. you may have fond childhood memories of running around after a kite. but have you ever thought about how much power it holds at high altitude? it gets pretty gusty up there. and the quest for the very best way to harness that energy is already well underway. ah, do you remember what it's like to fly a kite? my brother and i loved it, growing up. and so did the maid team with a bit of tugging pulling and running. the current soon circled higher and higher. if only the string were long enough, maybe it would fly higher than

a skyscraper. it felt like it almost developed powers of its own. because up there, there are a winds of unimaginable force. high altitude wind is the largest yet untouched source of human energy world lights hundreds of meters above our heads. there's enough wind to generate more power than the will needs. if only we would harness it. so why don't we move to answer this? i'll tell you a story about brilliant ideas on failed attempts of a race to the sky. amazing potential culprit buyouts and passionate scientists. the more can you see on this mountain, the strong with the wind. this is the wind close to the ground,

the time that drives wind turbines. and this is when several 100 meters up. when at higher altitudes tends to blow stronger and steadier, meaning there's more energy. how much more? exactly this much. with each doubling of the wind speed, we can theoretically generate up to 8 times more power. second, directly start, why it's estimates me. so if you look at a convention with rice, will you be successful match scalable insulation? this is professor modes deal. he had the department of microsystems engineering and mathematics at the university of fryeburg. so you see all the sky above the convention to answer your think. all those wind energy is just blowing there, and it's not used right? oh, if we could harness winds at higher altitudes, that would mean potentially generating several times more energy than with wind turbines on the ground. and this gets us to the one question that's been haunting

scientists and started for decades. how i'm with or engineers have been building viable light wind turbines. some of them are even founded small companies, a bigger operation launched in 2010 u. s. company alterra us came up with a generator attached to a helium balloon. it was tested in alaska and reportedly harnessed energy at altitude of up to 600 meters. around the same time german company, sky sales power developed a high altitude kite to pull entire container ships. the idea was to save on diesel up to 10 percent according to its inventors. d w reporter on its launch back then. thus is that this is the 1st cargo shift across the ocean pulled by a kite on failed. yeah, personally, i'm not convinced yet my the test worked, but the captain skepticism proved to be well founded. the shipping company went

bankrupt, anita the ship kite, know the wind turbine ever hit the market. but both prototypes pointed to one thing . to harness high altitude winds, you need flying power plants. the men to google and 2013, it pulled the airborne wind energy company macaroni for an undisclosed amount, which was a very, very positive news. this is stephane volga, c o of sky sales power. the same company that tried to make ship pulling kite's happen. let me meant that a big international player was a lot of funds available. i was starting to bet on this technology with google's money on board. ma, connie became the leading technology. it's flying power plant was about the size of a small aircraft. a climb to an altitude of around 300 meters are circled and a continuous automated loop. and they could actually say the,

the increased speed that you get from circling in order to slow down the kite and harvested energy like little returns on the car. and i always thought this is a bit crazy because of the amount of energy you wouldn't use novice generates as i would be heavy and some of the tom, all that was model generators. this is a possibility just one device generated enough energy for 300 households. according to mccartney, it seemed to be the breakthrough. everyone had been waiting for but suddenly things took a turn for the worse. suddenly the leader of a, i mean leader at that time in the field was going down. ready this is richie cash yoshi, he's a wind energy researcher at the university of delft in the netherlands. one drone crashed during a test over the sea. to everyone's surprise, google's parent company alphabet decided to drop the project in 2020 expressing

doubts about the technologies, economic viability. but definitely it was. let's, let's, let's say a shock, because it was the we expected that google might just be supporting it, reaches commercial lab. looking at the end of my connie didn't spell the, an for avalon wind energy, a new wave of startups is kept working on smaller and smaller devices that use less and less material. some pursuers my carney's approach, others attached their drone to a rope which took to the generator and some did the same but replaced the drone with a kite. among them is a familiar name, sky sales power. today the company has a new device. it uses what's called a pumping cycle to create energy. the kind tanks off automatically directs itself against the wind and, and winds a rope from a generator. it flies in a figure of 8,

constantly tugging at the rope on creating energy. the kite can stay up in the air for hours, days, or weeks at an end. in the event of bad weather or danger. and alarm is triggered and the current can be brought back down. according to sky sales, it can create energy for up to $500.00 households using 90 percent less material than traditional wind turbines. parcel good for logistics. so you can bring these devices almost everywhere. you don't need a large crane capacities, roads, infrastructure to bring these systems to the people that need renewable power. there's nothing wrong with traditional wind turbines. they work, they're cheap at scale and we urgently need more of them. but airborne wind energy companies on here to replace turbines on the ground. they want to add to them. 1.4000000000 people globally are living off. great. many of them currently power their homes with diesel generators, with what you could stop them

operating and st. land as well. it's still early days, but sky sales has already sold a 1st device to morris. the vision is to operate floating kite wind farms offshore, and the industry sees and even bright future ahead. evelyn wind energy could become significantly cheaper than diesel and even cheaper than traditional wind energy. so yes, high altitude wind energy could be big. but the still a long way to go. it will need a lot of investment and airborne devices throw up a bunch of regulatory questions around air traffic. every kid can fly a kite but topping into the winds high up in the sky and bringing that power down to earth takes a lot more. the race for the skies is well underway. that

is what i call play sky thinking. and on that note that brings us to the end of this edition of may. thank you so much for watching until next time for me the entire team here. it's good bye ticket. ah ah ah ah ah, ah ah, with

go africa walla. we can focusing on energy nutrition and education. tunisia aims to make schools more sustainable and better equipped. the mocked our boarding school is leading the way. run like

a small business. it is self sufficient and economically successful. in 30 minutes, d, w. o. blue with interest. the global economy. our portfolio, d w. business beyond here, the closer look at the project. our mission. to analyze the fight for market dominance. east this is wes. get his debit head with the w business beyond. do are flying rivers created by waterfalls,

throwing water particles into the air. b, trees, sweating out up to 1000 liters of water in a day or sea forest fires, evaporating large amounts of moisture tune in to get the answer and learn more about this phenomenon. and they could find out a heavy, invisible river that flows through the sky starts march 23rd on d. w. a has to. how did you do the full? i'd have to channel. fantastic. ah, she survived outfits. thanks to music. he was the nazis favorite conductor. he is morally degenerate to musicians under the swastika, a documentary about the sounds of power,

inspiring story about survival of the home and go get the tennis. i was the only one what lies and luke music in nazi germany, watch now on youtube. d. w documentary. ah ah ah, it's a dw news live from berlin. german police carry out fresh raids on the extreme right, right. burger grove. it is the same group whose members were implicated in a foil plot last december to try and overthrow the german government. one police officer was shot and wounded in today's.