ah, ah ah, a long time regional rivals, iran and saudi arabia agreed to receive diplomatic relations and re open the embassy. and then moved broken by china with the chief of on the land to discuss washington's contention. inflation reduction, lack of effect on the european union. south africa struggles with water shows that is due to uneven distribution. i'm dwindling with the water levels as the country already suffers from near the electrical power

outages. our correspondent reports from the same with the i welcome to requesting a life from just gone and now i am here at work. it's great to have you with this. i'm right, i'm on. let's take a little. so is this how iran i'm saudi arabia have agreed to resume diplomatic relations? i re open their embassies that deal broken by china. c. officials from both of those middle eastern countries. how talks in beijing, in an effort to bridge the divide between those long time regional rivals, here are the main statements form of the delegations towards this the talks this time have fully combed through the merits of the disputes between saudi arabia and iran and explored effective ways to resolve disputes. saudi arabia hopes

that this will open a new chapter in bilateral ties under the architecture of a brotherly relationship of china has provided favorable conditions for rich and disagreement. is vivid demonstration of the basic policies and concepts of china's diplomacy, which includes the major initiative of building and community with a shared future from mankind. you're on firmly supports the relevant initiatives. drove on cash anguish. the improvement of the relationship of both sides has paved the way for peace and stability in the middle east. it has also set an example for resolving conflicts and disputes between countries. through dialogue and negotiations. china supports countries in the middle east to adhere to strategical autonomy to strengthen unity and cooperation. get rid of external influence and truly have in their hands the future and destiny of the middle east. don't don't, which are to me. great news for the middle east than the whole world as iran and

our saudi arabia finally decided to break the ice and resumed their diplomatic ties . after several years after 7 years of frosty relations, while the agreement came on friday and it was reached out in the chinese capital beijing after several days of intensive negotiations between our secretary of iran's supreme national security council and he shall fall, he and his mom saudi counterpart and the chinese capital beijing of warsaw saudi arabia, several this diplomatic ties with iran back in january 2016 after our angry iranian nar protesters toward the saudi embassy into iran. i am following her rios executioner for tom. she occurred never bothered and member, and that led to the end of the list from out of time between saudi arabia and iran, were the 2 sides closed. there embassies, and the 2 countries, of course,

are now this new development is very promising. is a promising step towards ensuring stability and security and peace in the middle east. as the 2 sides have been always at loggerheads when it comes to many regional issues. after the rise and the emergence of dash terrorists, isis terrorists in the region, and the chaos that took place inside syria and iraq, are the 2 sides, have been at different on different fronts, of course. and when it comes to the saudi war on yemen, iran backs on a satellite movement and a want backs political resolution to the i get any conflict while the saudi arabia has been attacking yemen. so all of those developments will be resolved. all those issues will be resolved, following the new agreement between the off and to juan. so this is very great step and we heard that the 2 sides decided to reopen their embassies. within the next 2

months, we heard from wine lang, an executive dean of china's tongue young institute of financial. so he says, the u. s. is a major cause of instability in the money. so increasingly, more countries have been trying to distance themselves from u. s. policies, it's a very important event in not only middle east, but also in china, foreign policy, china hoax. they had to not only the 2 countries, but also all the countries in the middle east could develop into by themselves for washington. they should at least rethink been telling go, why now in the won't, they are more and more people are never a chance to washington any, any longer. you, as is a main driver for, you know, inks, deputy and conflict. not only in middle east, but also in eastern europe casa, in the past. 40 years,

the united states has launched. a lot of them was in the walked in the middle east, at least a one getting there. people have died under the fi of the united states. so now we had the only people know the world clearly. so carter he, germany of the art he stays, should it be and as soon as possible. when asked to comment on the development for the job, i don't seem to shift so good to other countries in the region. what are your thoughts on saudi arabia and iran re re establishing diplomatic relations, sir? with some usaa officials reacted positively to the new saying the revival of relations between iran and sa, graber will promotes abroad of peace in the region. the us maintains closed times

with saudi arabia, but members of the u. s. congress have directly called for regime change in iran. the iranian regime must be taken out no more evil tyrants, whether it's the shot or the leader. unless has been preparing a resolution to condemn the iranian government and support the protest movement that has so overthrow it. it is a native escalation intentions between the countries. we heard from a professor at the university of ha, ha, ha, ha, ha, beauty or who says, conducting regime change in the other countries is a main part of us foreign policy. you see that the united states basically has the dual vision that looks at other countries, either brian or as enemies, and the definition were on enemies, the country that is a, you know, systematically independent of the not based on major domestic or foreign

policy with the united states that is the definition of any u. s. foreign policy in perspective, clients and any, any higher it is the reality of u. s. foreign policy. basically look back as sensory, you see that, you know, the history of united this relations with the rest of the world has been filled with these kind of this kind of mentality. the to take out the government that they have problem with. i think the government will know for another time that regime change is not going to work in 21st century. u. s. president joe biden has requested a record high amount, a colossal $886000000000.00 for the countries national security budget next year. the vast majority of the request budget would go directly to the pentagon. the

defense department was seized by cash to tackle a perceived threat from china as was to provide aid to ukraine and of funding for nato. the parent is reynolds, his is a counter quote, persistent threats coming from north korea and iran. over the years, the u. s. defense department has been consistently increasing it spending. the last 3 is the message by drake budget, as increased by 15 percent rising from $740000000000.00 to $858.00 some media vote say the final som of full 2024. could hit as much as $950000000000.00. we heard from saw flanders, co director of the international actions, and she says that washington is just a spend more and more money on military equipment. this amount of money, the largest military budget of all time,

exceeding any past military appropriation is a disaster for working people in the us and for people around the world. it is a catastrophic amount of sheer waste into militarism, a $186000000000.00. and it will grow, it's not the end with the white house. it sends to congress always grows by tens of billions of dollars, additional add ons cost overruns, what it would take to reverse it is working people in the u. s. and globally, really standing up to us and to realism. it won't come from congress, the democrats and the republicans of vine with each other to add on more and more to the military budget, to pass it almost unanimously year after year. i mean, it really is a staggering and criminal amount. and as they say,

this amount is meant to continue the war on russia and to plan for war on china. while at the same time threatening iran and countless other countries orphans is controversial. inflation reduction acts on how it could impact europe. the key focus of tools as eve of on the learn met with us for the job. i'm at the white house. all the correspondence in new york, taylor moving things up the story. i want to listen to what was said by the european leader who met with the president of the united states at a time. the countries are more or less having a subsidy trade war. one will notice that there was a superficial friendliness that went on. now the chief, she referred to partnering with the united states cooperation around el, and gee, liquefied natural gas. and it was only in

a very shy way that she referred to the elephant in the room, which is that inflation reduction act, which is going to have a very negative impact on the european union. and the economies of european countries with technology or question with a plan. now the inflation reduction act will be taking investment away from europe. it'll be, have less innovation in europe. i'm. it will also lead to fewer jobs for europeans . and it's, it's quite a dramatic, dramatic move on and also mandates made in the usa only for certain deals. and it basically forces the european union to cooperate with united states in ways that are pretty detrimental. now when the 2 leaders were speaking,

they did emphasize that they both want to make russia pay for what they're calling an atrocious war. however, as one looks beneath the service at the european union, one can see increasing number of countries that are starting to side with russia. here's what's going on. that wasn't acknowledged in the room. over the past year, the number of countries actively condemning russia has fallen from 131 to 122. the sum emerging economies has shifted to a neutral position. the number of neutral countries has risen from 32 to 35. now representing eddie, 31 percent of the global population. some previously western allied countries, including colombia, turkey, and cattle, have moved into this category as a government to seeking to reap economic benefits from engaging with both sides. now these leaders can make nice in front of the camera, but everyone knows about the inflation reduction act. everyone knows about the

tension between the countries and the united states, the economic pressure that is being placed on the you. so one has to ask how much this kind of photo op style publicity meeting will really change things? it certainly i certainly tried to give the impression that there was no trouble in paradise. that's not the case. everyone knows it. yes was and job i'm has been claiming that my of his feel more secure about their future as he sites relatively low unemployment rate. despite report, labels are currently at the highest point in years builder, or we created more jobs in 2 years in the ministrations or created the 1st 4 years last month on the plumber. a remaining near the lowest level in 50 years, 50 years. and that's really good news, people who are staying out of the job market. this is particularly good news, are now getting back into the job market. slight bivens up beat assessment to

recent research shows a 4 times increase in the number of job cause compared with the 1st 2 months of last year. with february is data reaching in 2009 to lay off record the tech sector accounts for more than a 3rd of all redundancies for live now see jack ross was an e. com. all right, so i'm for the politics professor at st. mary's college of california. jack, thanks so much for bearing with us. and joining us here today, jo button states that the u. s. economy is on the right path. and is this really the case considering that the statistics about these record layoffs? no, i don't believe so. you know, the lay of said, beginning to appear now, particularly in the good sector after the federal reserve raised its rates and a record pace here over the past year. and it hasn't really hit the service sector yet, that they're still hiring going on, which is part time. you know, when

a site that unemployment rate, it's only for full time permanent workers and we get about $50000000.00 part time temp gauge workers in this country. and people who are have dropped out of the labor force and so forth. when you look at the unemployment rate is really around 78 percent, not 3 and a half percent. first of all, and even that is a, is an under estimation for reasons. technically i'm not going to get into it. so yeah, we're, we're beginning to see at the impact in the fed rates under good sector. and the fed is targeting the service sector now with, with further rates i at. but the thing is, this is this rapid increase in interest rates. ah, is not bringing down inflation very much because inflation is not demand driven. primarily in the u. s. is not that people have too much money. i, you know, we hadn't record credit card spending last last year and clicking the 2nd half of

the year. people used to take on in the u. s. debt annually about $45000000.00 a year. while we got $250000000000.00, a debt being taken on by households last year, 85000000 just in the last 3 months. so people are hurting and they're using their credit cards to try to survive here, you know, economically and inflation isn't coming down 5 percent hike in the interest rates. when did we get a 2 percent reduction in inflation from a and a half, the $66.00 and a half percent. that means the feds gonna have to raise rates the 10 percent in order to get it down to 4 or even 3. that's not a good inflation. no, you actuation in this country just as employment is beginning to show signs of cracking as well. but then we got this new development that just happened today. and that is, as i predict when predicting for some time that if the fed raises rates over 5 percent, it's going to cause

a financial instability in this country. and we're seeing that today in the tech sector. when is big bank in california, the silicon valley bank collapse today at the end of the day with a stock and bond market really well into a free fall? here, we're going to send over the weekend how much contagion there is. there's $250.00 companies and touch startups that have investments and assets and silicon valley bank. how is the guy greg gun, a bale that bank out before the contagion spreads to others? and the problem in tech is related in part to this discussion about the ring fencing china technology and bringing american and other companies back from asia. and that's where this inflation reduction act plays a role in europe. back to the u. s. in preparation for a, you know, a more aggressive move a couple years down the road against china. so it's already beginning of and bigger

impact on the tech sector in this country. we're already seeing layoffs at the financial instability is beginning to appear here in the fed keeps raising rates. you're going to see get worse. jack got a goodie, jack gray odyssey, are you pretty much covered as if you've seen my question silly promoter code? all the questions as an aussie written while i have you here. we but little no one talks about recession in the, in the you asked is if it's, it's a to, bu would. it's not going to happen here. you're saying a bank in california has that clarity of the city on because as going on, that is going to be a bailout, that the thing the looking to raise the interest rates us president joe biden is in, or he still who is a chief right now in europe, about this inflation reduction act, terrible acronym by the way. but what are we looking? what it, what it, what is, what is the us trying to do? he, i mean, is it try to push more hedge monica installs?

is it looking to attracts more businesses from europe to open clean energy businesses and create jobs that way? is that the plan here is europe just an escape go here? well, you know, the and so called misnamed inflation reduction. i am not doing inflation, is really a big subsidy such front, it's a bribe fund to bring a tech companies to the us from asia to get him out of asia and get him out of china. you know, for geopolitical game objectives can down the road. and i, the problem is that it, that it, it will provide subsidies to whatever tech companies want to come back to the united states, not just us tech companies. and that means european tech companies who are way behind on the tech competition in the world. yet on europe is really lagging or are going to come to the u. s. and that's what's got the europeans that really worried

here. you know, if you look at all the tech pat, assigned, filed in the world, about 9095 percent are between 2 company countries. the u. s. and china, europe's not even a player anymore. and tech. so you know what little they have there. they're worried about it, but you know, when you look at the economy, this and very serious situations in us, not just inflation and coming unemployment. we've been in a, in a recession, are pretty much stagnant, certain sectors in us, you know, we're limping along last year. and you any, gotta remember this, but what did he get in december to december g, d p growth in u. s. between 2120 to one percent growth after congress spend 3 trillion dollars in the federal reserve pump, 5 trillion dollars. trillions in trillion dollars stand was city of economy and we got a one percent growth rate. now don't tell me that's a good economy. this big trouble in the economy already are deficits

$800000000000.00 in the 1st 5 months of the year is going to be a trillion and a half and they're going to cut social spending big time here. that's what all this discussion behind the debt ceiling is really about even attacking social. 39. you look at all, all the the cylinders that the economy is firing on, and none of them look very good to me. have jack and say interesting, was rudy guy on is an ever thanks so much for joining us. there are t but until he's you so really appreciate your time. thanks again. my pleasure ah prompts and the u. k. have held that the summit in 5 years was bridge p. m. richey to knock announcing of those countries have agreed to train e quine. marines for keep code for a dis, the decisive advantage in the conflict with russia. we've agreed to train ukrainian marines helping to give ukraine

a decisive advantage on the battlefield and for ukraine to win this war. we will jointly explore the development of complex weapons like air defense, combatants and long range weapons will skid yukon. our goal is to help ukraine conduct a counter offensive that it wishes to conduct of a waste had for my part that our prospect was indeed that they should be a lossing built forging conditions that ukraine will choose. and all duty is to place it in that situation. when french president, a mentor and mac ho hosted british prime minister, re she soon knock all day on friday, here in paris at the eighty's a presidential palace. it was the 1st time since 2018 that the u. k. and france had such a meeting. there was so much friction between mac hall and both former prime minister morris johnson and his successor of about 5 minutes list trust that trust at one point couldn't even say whether michael was a friend or foe. remember also, downing street said last june, that there was

a lot of friction with johnson and trust who was foreign affairs secretary at the time over michael's insistence on negotiations for ukraine over prolonging armed conflict. but these 2 for our investment banks, tre. bros russ childs and i call, and richie who worked for goldman sachs got straight down to business of doing what banks turbos do you best falling in line behind the establishment agenda. they tossed a huge bone to the military, industrial complex, talking about jointly developing long range weapons and air defense. they also said that they'll cooperate on training ukrainian forces. just last month michael was promoting the idea of peace through negotiations. i don't think like some that russia should be totally defeated, attacked on a soil. these observe is want above all, to crush russia. this is never been francis position, and it never will be the talking. why now among western nations is that ukraine has when on the battlefield,

and that piece isn't possible until keith is sitting on the largest possible pile of weapons, only then will ukrainian present climbers lensky, be in a good position to get the best deal with russia. they say sounds more like it's the western weapons industry that's holding out for the very best deal on maximum sales. speaking of which washington has reportedly now delivered some patriot weapon systems to ukraine, but is openly admitting their limitations against russia's arsenal. the patriot missile system is really designed to go after ballistic missiles and it's, it's not as effective on cruise missiles and it's certainly not going to be effective against drones. france also to secured just under half a 1000000000 pounds sterling. so about $580000000.00 us dollars over 3 years from british taxpayers to tako migrants. literally to tackle them probably that is before they get to british shores, after which there is no word on any kind of an agreement as to whether they'll even

be sent back to france or what will happen to them all those millions will also be used to build the detention center on the french side of the english channel without budget, frankly, it should rival vast cy michael also got in a job about how bribes it is the source of quote, all the problems we have between the u. k. france and the e. u. well yeah, because that's what happens when the people impose borders through brags it around their own country. the. busy gillis simply tried to erase. suddenly the globalist just can't have things exactly like they want them and impose them on people in an uncontrolled manner like migration, maybe stop stoking foreign wars if you don't have problems with the population displacement in your own backyard. unfortunately, judging by their increasing militaristic position, these 2 leaders have now taken on the conflict in your brain. it really doesn't look like they've learned very much on that front. aah!

china has appointed a new premier leak yang during a session of the national parliament in beijing. lee is reportedly repeatedly a close confidant of prisoners easing pain. i'm fevers, he served as a secretary of the chinese communist party in shanghai. the nomination well supported by g, who recently made history as china's 1st president to be elected by parliament and to 3rd consecutive term, lee in his new role as from isn't space, it's in charge of the development of the national economy, the largest in asia, his predecessor, lea kick yang, spent a decade in that position, is now expected to retire. ah, one of south africa's main economic health is struggling with a worsening water shortage. i made persisting electrical power cause the

international activist organizational green piece says millions of people have been left waiting for water, which is stored hundreds of kilometers away in reservoirs with dwindling levels. oxy correspondent and normal you. cougar brings us more details from the scene. does is one thing that you're all away off. it's the fact that what is life yet is this, the vital natural resource is being depleted. it's been polluted and mismanaged official says disruptions, water reservoirs is causing more water related disasters in africa. and to tackle these challenges. citizen state governments needs to do more than just talking. a mother appeared as now go dispos, that sometimes the tops run dry the whole day. we will go to bat at the end of the day without any water to drink or cook. and that's up to pol accounts the whole day, making it even worse. more you'd go to, i can come back. what would still not be back o 10 if school is ashley mars. amandola from the crisis is about because my

business needs water, we can cook. we can wash, we can clean, as you can see for yourself, we're not operating, we can do anything when that you've been given along on, but it's not the water crisis is hurting as badly as i'm speaking to you. i haven't eaten because of situation. even based kids go to school without eating a bad thing because we have no water. it's clear that infrastructure is lacking. whether or not it is an old pipes or ignorance, that african water prices. it's yeah, it's getting worse than it's affecting millions of people. i think it's are well known for their government at the moment is struggling with a lot of service delivery issues to well known fact that our energy, our platforms are unstable. and it's also well known fact that our water and wastewater and ridiculous systems or dilapidated failing, and the severe pressure had been under capitalized and then in many ways all

dysfunctional. so all things being equal, i do not see the security around. in fact, i see you're an accelerated right of collapse coming, and i see ultimately this is very lucky to trigger abreast less unrestrained. let's go to ripple across the country and i'm afraid this is where we hitting white. interesting to know that in the case of load shedding, alternative sources of energy can be made accessible, but what water alternative sources may not be as accessible all available. this means that the situation of water, shading, or shortage in a more dire consequences than what we, as africans have already experienced it for our c, i'm known we couldn't get into hannah's, but while they're out. so this news our, the some really interesting stories on all t dot com be sure to check those out. we'll even double down. mm.