amazon paid the 250000000 luxemburg appeal, the decision. not all states endorsed the commissioner's approach, nor do they all support other measures that promote tax fairness. the thing with with amazon and we know that from the tax case is that you don't necessarily make profits that you create value. so you create value on the stock exchange, but you don't make profit in your business. so people make money by buying and selling stocks instead of making money by having a profits coming out of the business in itself. and one of the reasons why we are so a eager are also to have a sort of broad european digital taxation is to make sure that we get it right. because digital companies, on average pay 9 percent in tax, where ordinary businesses, on average pay 23 percent in tax. europe is trying to put in place a new tax that specifically targets gaffer, including amazon this new tax would levy the revenues and not their profits. since these web giants usually store away their profits and countries with low tax rate, france is alone in defendin

and now the capital of culture this year luxemburg ash so outset organizes expect 40 percent more visitors than usual in 2022. her all 3 european capitals of culture, a trying to reinvent themselves. they're all facing a decline in coal industry and all 3, all that countries, 2nd largest city. novi sad and severe is still coming to terms with its past once the city in the austro hungarian empire. it was part of the communist yugoslavia to later nato destroyed the cities bridges during its war. with milosevic regime. the crash, a vast policy macro, where all migrants care due to history. there's no native residents. and that's why no visible of visitors, a kaleidoscope of culture this year you at cdw news is a reminder of the top story with following for you. sedans, prime minister, has resigned following months of political turmoil. adela hm. dog said it was not possible for him to restore order under a polish sharing agreement with the army. dozens of protesters have been killed since at cooper and the north african nation last october. and that's it from me and the other team here at dw

another capital of culture this year luxemburg ash so outset organizes expect 40 percent more visitors than usual in 2022 or all 3 european capitals of culture. a trying to reinvent themselves. they're all facing a decline in coal industry and all 3, all that countries. second largest city. novi sad and severe is still coming to terms with its past once the city in the austro hungarian empire. it was part of the communist yugoslavia to later nato destroyed the cities bridges during its war with milosevic regime. roger vast policy macro, where all migrants care due to history. there's no native residents and that's why novi sagel of visits is a kaleidoscope of. oh chad, this yeah, ah, all 3 cities, i'd definitely like to check out this year if i can. and that is all the news for now of next we got d w documentary tracing the multi talented cultural and scientific leaders who lead europe's renaissance. check it out, and we'll have more after the short break. i'm lame glue crumbs in berlin. thanks for your company. ah and we're interested in the global economy our portfolio.

bay populations in the world. nearly 1000 bears are said to live here in an area twice the size of luxemburg. their numbers are growing, the bears could spread out into neighboring countries, but roads and densely populated alpine valleys block their way. what's missing is the willingness among humans to make migrations possible. of increasing look fresh tracks. me thinking, oh, because you can see there were drinking and i think i'll be definitely a bare is mucous fallen there on top of the really exciting and reassuring thing is that nature is coming back by itself. one example is the wolves in germany, lungs and another is the bears in southern sylvania, you know, they're returning without human intervention. as of now it's just a matter of finding a way to exist together. we're ang, demands almost all is colinza is keep good concept. there, when there are already ideas that link the economy and nature conservation ended, and they're working with being homeless, kept after a classic example is a soft tourism, or eco tourism, which aims to make nature accessible to people of productive bis

you know, i'm sure you're aware of this letter that was signed by spain, austria luxemburg, and denmark, the or against this proposal. they warn that the european commissions move is a big step backwards. is it i mean, do you consider it to be a step backwards? i'm sorry, i didn't get your last sentence or do you consider the plan by the european commission to list nuclear power and gas powers of sustainable? do you consider that plan to be a step backwards? yes, i think it is a step backwards to collect, declare, and these and type of energy. the sustainable evaluates the taxonomy as an instrument for investors to find out about the sustainable sustainability of their investments. and the production of nuclear energy is anything but sustainable. how can you declare technology to be sustainable that shifts immense risks and costs to future generations? and also, with regard to, to am gas. this is not a sustainable source of energy, and i think it is a step back voice message. let me just ask you, you know, you're, you're with the german government. the german government has so much powe

this year, the title comes with funding to put on our year of events and aims to put places like luxemburg as soon as that on the cultural map. a former steel mill in ash 6 years ago, production here closed down. now the industrial ruin is to become a culture factory, a venue for dance and street art installations tied yo han started work on this piece long before the official program for the european capital of culture was finalized and got familiar. my whole family worked here a working class family. so this means a lot to me and also this, this morbid thing going on here. i like the way everything is decaying again, this is ash 2022 will involve the entire region. the iron and steel industry extended across the border. and so does the cultural project. 19 municipalities are involved 11 in luxembourg and 8 in france. ah, if i am dick, we really want everyone to participate every community, no matter how small we think they're all important. they each have an exciting history and cultural heritage. and of course we want to build it and illustrate it together. oh, fallen on tighten. ash be

k. ireland luxemburg and brazil. so what is the significance of all of this debt, and what would it mean at the us where to actually default with joining us now to the jobs are for especially richard was posted the economic update, peter ship chief economist at euro pacific capital. and steve king, the economics professor, a patriot, it's great to have you all on the show today and professor wolf. i want to start with you. now when we look at the way the debt has grown, how we just come to expect that congress will continue to spend more as time goes on at this point. yes, been basically we have wall star selves into our kind of corner from which it is too dangerous to try to escape. the debts are so enormous at this point. and by the way, not just a federal debt, but corporate debt, an individual household debt. that even the effort to raise interest rates a little bit, becomes a risk and shock that an already troubled economy can really not cope with. so that we are in a situation where we have to keep funding a de