of the, of course colburn welcome to the program, the trial of the former crypto 1000000000 harrison bank. and for you it has to be gone in new york, the founder of the failed, corrode quicker, c, brokerage, f, t. x faces a possible prism term of more than 100 years. if he's convicted a federal fraud and money longer chargers case has brought fresh focus on the crypto industry, which has been placed by rafter high profile bankruptcies and question marks about risks to investors. prosecutors choose the 31 year old of stealing billions of investor dollars to fund everything from political donations to lavish real estate purchased this quarter as following this story for us in new york and tell us what happened today. yeah. hey chris, i mean, it is definitely

a pretty high ranking case here in the united states. that actually is one of the biggest frost cases, financial 4 cases in the history of the united states to today and starts with julie elect the selection, and then the prosecution has about 3 or 4 weeks to present their case. the defense probably will take another $1.00 to $2.00 weeks to make their case and the mean prosecution at the end of the day. they have to prove that the has been intend to about this. so definitely a high ranking case, so that we're going to deal with was the next, the roughly 6 to 6 weeks to 2 months. yes. assigned back winfrey, just being accused of stealing billions of dollars from customers of his script to exchange. how exactly did he do that? according to prosecutors, according to the off. yeah, well, i mean that, of course we're talking a roughly about $9000000000.00 um that customers some are missing. so some of the money is supposed to be is used by

a certain bank from $3.00 to $4.00 and his personal lifestyle, about $210000000.00 for real estate projects in the, in the bahamas. but then also the offense affiliated to an hedge fund, allow me to research, actually also made some better bets until couple of those. so some of the money from the customers got to used for that. that's at least what the prosecution is saying. and they seems to have a pretty strong activity. so because one of the witnesses is actually the c e o of alameda research, she pleaded guilty a couple of months ago. and she also has been the ex girlfriend of i'm so i'm think my freaked against personally and how, how does the scandal been impacting the world? well, i mean, if i look here at the united states, i mean, clearly it was all the big old problems with all the scandals send f t x and send back. then freed has not been the only scandal in the crypt the world in the past to a couple of months that has aside the way some investors. but on the other side,

if i look at the crypto currencies take bitcoin, for example, they have not really suffered. so obviously they're worldwide. there's still a lot of people investing and heavily into the crypto world besides all those scandals. we're talking about yeah, it's cold in new york, thank germany and celebrating 33 years a re unification. but people living in the former east, germany continue to earn less than their peers in the west. last year, the average salary in the west was 58000 heroes compared to 45000 years, and they used according to the federal sadistic office. and the difference has been growing in recent years. and when we look at the unemployment rate, well it is lower the west at 5.4 percent compared to 7.4 percent. and they used last year as data from the federal employment agency shows. but that could change us tex giants like intel t, as i'm see it as

a p sort of more mites and germany's east has a tend to create more jobs. now work is needed to fill these vacancies are not always found in germany. in fact, the country needs skilled laborers, laborers from abroad as germany's population is ranking. at the same time, right, we populous parties see emigration as a threat and sentiment particularly persistent in the east of the country. fatima dire bar hills from india a know runs a co working cafe into is did. she opened the place after feeling an easy with the rise of anti immigrant feelings in her city or festival? a to say it was really important for me that people who come from other countries could need germany. no kids here and integrate with him just as integrated world class in may attract torres from across the world. the city has a dark side populist for right parties are very popular here. the prevalence of

anti immigrant sentiment coincides with an increasing number of refugees in germany . many people feel overwhelmed seem to feel them. there are too many and our grandchildren will some day be the minority issues. i would actually send them back home. they should stay in the own countries. they have a different mentality of anti immigrant sentiments or more wide spread in the states located in former east germany. in the day of us when the german democratic republic, the g d r, was less marked by immigration than the federal republic of germany in west germany . there was a slow, a process of x and mitigation to migration that it was less immigration into g d r . and the few immigrants were isolated, innovative fund, because i know there wasn't much of an opportunity to get used to immigration in east germany in austin by chance. the one who came to us. but germany needs

skilled migrants challenge the are the is for pakistan and works for chip maker infinity. and he moved here for his studies and stayed 15 man for example, in my team. there are people from different countries like pakistan, india, nigeria, ran to egypt, germany, and bangladesh or the that's all diverse. my team is the maintenance of the company recruits and supports international talents, infinity infinity and building to see if migration is a threat at all. on the contrary, we see migration has an enormous opportunity that makes our society move diverse. we get many ideas from other countries. we welcomes us and us. the emigrants are not a threat to the country. that's a consensus among the majority of labor market experts. in the next 10 years, there will be a vast labor shortage. as baby boomers retire,

emma groups are needed to fill the gap. the aging population will leave section. in her co working cafe for tomorrow is working hard to make others feel at home here and some of the other global business stories, making news, facebook and instagram years as in europe may soon have to pay if they wants to browse ad for you. versions of the social media platforms and company meadow says it's exploring a plan that would charge people as much as 10 years or more. you know, mosque is facing a defamation lawsuit after amplifying misleading posts on his media platform. x formerly known as twitter. mister musk is being sued by matter, says he was a ras, harassed after the millionaire shared post falsely placed him at a confrontation with far right protesters, trading and crisis, a chinese real estate joined. our brand has resumed with shares initially jumping

more than 40 percent trading. the firm is suspended as news experion they're founder was b investigates. the stock market valuation has fallen by almost 99 percent since july 2020. let's take a closer look at how germany is trying to direct to workforce from abroad and what might be hidden during these attempts with ryan crop. he is the president of the holler institute for economic research. welcome to the w. how much migration does the german labor market? does germany need a lot a lot. um, if you look at the numbers uh the projections for the german labor market, then uh about one percent of the labor force surround about $400000.00 people will next to the product. the labor market was a huge number. so $400000.00 per year in the next 1015 years,

which has to do with the, with the high growth rates in the fifties and sixties. and saw i ichard was there you all arrived. you know, germany put me in migration, that migration off a 1000000 medium and a half people because obviously people come with their families, kids, etc. they're not going to be available for the labor market. so we're talking about very, very large numbers which become even more problematic if you think that you know the surrounding countries around germany and many other countries in the world of similar problems. the question who is coming to germany has been on the minds of many people here in the country? why do you think that far right groups like the, the, the alternative germany who are known for their anti migration attitude, find so many supporters, particularly in the east of the country even 33 years after reunification or

even basis. very interesting correlation. of course, if the shape of foreigners are very low, the anti phones and tremendous verify. so the higher the actual foreigners are immigrants. the higher the share is, the more favorable the environment and these, jeremy, this just simply discharge you much few are far. but actually i do not think that at this point in time, the main reason for the resurgence of the a f d. s migration. but it's more the perception that the crime government um, consisting of with a means the liberals and, and the s p did are just not very capable, but just not very capable in dealing with the admitted the many problems that jeremy has. and the, i think it's in general and try current government for more than and time migration . and then you're watching the entire conversation. whereas aligned cops all the

data between youtube channel that's, that's our show for now. thanks for watching. of course. come roland, have a successful day, the

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this is the, the news line from ballot uncertainty of the fleeing. they're going to car about conflict. tens of thousands of refugees contemplates the next step. meanwhile, armenia decides to join the international criminal course. angry. it's old ally, russia plus germany celebrates unit. today we take a look at how unit 5 germans actually failed, pulled in for 2 years after the berlin wall came down at east and west.