the world in which these sort of parasites and habits and create now this is from the bank of international settlements which is the central bankers central bank muted inflation a trillion dollar puzzle says b.a.'s the conundrum of stubbornly low inflation despite a pickup in global growth and continued monetary. similis is a trillion dollar question the umbrella body for the world's leading central bank said on sunday the bank of international settlement said and its quarterly report that cheap borrowing rates in the rare simultaneously expansion of advance and developing economies are driving financial markets higher with signs of exuberance starting to emerge but they can't figure out why despite all the new debt the inflation is not happening what is the primary mandate for central banks around the world is to have an opinion about inflation janet yellen echo these sentiments in her testimony when i asked jonah can you explain what's happening is inflation she said no i don't know because i. i have no idea what's going on with inflation i mean i could tell me i sit around. all day long thank god to

allowed to bank with this with the federal well certainly with a block chain sort of system like i'm sure you saw because this is a sort of story you follow that the bank of international settlements central bank for central bankers recently just announced in the past few weeks like oh by the way there might be fourteen or thirteen trillion dollars more debt than we thought there was and that's because we forgot to add all these four extra if it isn't like you know like other block chain everything's yes so it would be marvelous to you could track that's a nice if it talks about this forty trillion dollars that have gone missing or twenty one thousand nine hundred. ninety i mean if you can't track it back at least you could track a forward it can't happen again you could make things transactions very fast so you don't have all this counterparty risk in different ways you have to insure you could get rid of a lot of derivatives the derivatives that are all about changes in you know what the value of money just in the time it takes for a transaction here in the united states it's like the banking system is way less advanced than europe even india even or kenya yeah because they didn

phase really tackles upgrading the structure to standard by the principles that by the bank of international settlementy establishing a ,entral clearing party, as ccp for cash and derivatives, as well as introduction of standard derivatives. that is expected to come in hopefully by the end of 2018, early 2019. kuwaita happy man is the capital market authority vice-chairman. thank you for joining us. let's get more perspective on that story with our equity strategist. she joined the onset here in dubai. those inflow estimates i throughout, i think at was 822 million, that was yours? did you hear anything that changed her mind? >> it was pretty straightforward. we have a set of liquidity by 50 for stocks to join the benchmark , we estimate the flow. our estimate could be on the conservative side appeared there could be some upside if we see strong price performance from kuwaiti stocks and lucrative the continues to remain the high. you can see more names making cut.tse i think it is a bit conservative. tracy: kuwaiti stocks have been stellar outperformance in recent months. i want to bring up a chart her

because are signatories to the bank of international settlements and other regulatory authorities that oversee global finance they are part of protected class of criminal or is karzai is not even part of the pie. the class of criminals he just pulled a few strings and he's a crony asst and a few bribes to payoff is just straight up and down kind of backroom shyster ism on a pretty epic scale where a lot of people got hurt and jamie diamond stinky little paws are all over it well i don't i can't speak to bribes i can't speak to more of a system that provides elites a way of operating in the way of making profit without any accountability and it was bad in two thousand and eleven when i'm a fool who went down and only got worse so right now we're seeing the consequences of not holding elites elites financial interests accountable ok so diamond had a billion dollars at risk at m.f. global he was sitting ben in line with the other creditors and his money was yanked out of all other creditors died in an act of brazen illegal behavior he committed a massive crime and he went on to commit oth

approved the construction of israeli settlement units in hebron in the occupied west bank thirty one units have now been approved the settlements are illegal under international law this is the first time the government has given official approval for construction of hebron in fifteen years or a force that has more now from hebron. well this announcement from the israeli government approving thirty one housing units will see another illegal israeli settlement building go up within the old city of hebron and that is something that is very concerning to activists here who say that given the nature of the settlements project inside hebron where palestinians and israeli settlers live at such close proximity separated by cages by fences by barbed wire and by israeli army checkpoints and a large israeli army presence that this is going to make life inside have run that much more difficult for the palestinian residents here it is also something which you have to see in context of a wider growth in the settlement project the palestinian government says that it's increased by eighty five percent within just one year this week we're expecting to see hundreds more housi

construction of jewish settlements in hebron in the occupied west bank thirty one new settlements have been approved there will have almost four thousand homes the settlements are illegal under international law it's the first time the government has given official approval in fifteen years the philippines defense minister says two senior isolates commanders have been killed in fighting in the southern city of the abu sayyaf in mountain groups or been in control of parts of the city since may. the number of people killed in saturday's truck bombing in somalia has risen to two hundred seventy six is still not known who carried out the attack but the government is blaming the armed group al-shabaab hundreds of people have been protesting against some of the violence in the capital mogadishu and venezuela's electoral board has announced the president socialist party has won most of the government is still regional elections but the outcome has faltered accusations of fraud from venezuela's opposition you're up to date with the headlines on al jazeera witnesses up next to stay with us. china is holding what appears to be its most significant communist party congress in decades with president

almost two and a half thousand new settlements units illegal under international law forty percent are earmarked to be built east of the separation wall in the occupied west bank. this those of headlines risking it all is coming up next stay with us. china is holding what appears to be its most significant communist party congress in decades with president xi jinping keen to consolidate his power so what does that mean for this country and indeed the rest of the world join me adrian brown for live coverage and analysis here on algeria. thank you. thank you thank you. thank you. there are two staples to vietnamese life rice and bamboo for its many uses. thank you. so hot hot hot hot. so we go now not on the out like that. you know. i am going to make one more. you know when you're not going to get new laws what are you going on new i mean you're got to get your home gotten it right you want to make up some not. so make up your. dollars that's looking to you know i mean here we make someone else's money but we didn't exactly do you know i mean do you going to be going to one point capital for a living but we didn't want to. write. the province of time who are ha

approved the construction of israeli settlement units in hebron in the occupied west bank thirty one new units have been approved the settlements are illegal under international law this is the first time the government has given official approval for construction in hebron in fifteen years the philippines defense minister says two senior eisold and commanders have been killed in fighting in the southern city of mosul it's known how poorly on lead foot seas parts of the city in may his fighters were helped by the moti group one of its leaders has also been killed government forces have been fighting the armed group for control of murali. austria's conservative leader sebastian kurtz has claimed victory in the general election just thirty one he's now the world's youngest leader his people's party won more than thirty one percent of the vote but he will need to form a coalition government the outcome of sunday's election marks a shift to the rights in austrian politics venezuela's electoral board has announced the president socialist party has won most of the governorships in regional elections there nicolas maduro is hailing the result as an emphatic victory

thousand six hundred forty six it's all part of an israeli government push to expand west bank settlement construction which is illegal under international law the e.u. has condemned the latest decision saying they are detrimental to peace efforts in other developments the israeli army has raided the offices of several t.v. channels and production companies in the occupied west bank confiscating equipment and closing down some of those companies and media companies raided included al could channel in hebron pal media in bethlehem and ramallah on the alexa and palestine channels in ramallah as well as the offices of transmedia and nablus and hebron israel accuses those companies of both costing material that quote incites tara. well i have much more from london a few later on in about thirty minutes time now but ali thank you very much and we just want to pick up on your final story there and the media raids and shutdowns in the occupied west bank we've asked some of the palestinian journalists affected what they think take a listen then usually about whether we are going to get the level there is no clear justification what the occupatio

our correspondent in the occupied west bank news of this settlement construction is not really go to sit very well with the palestinians door but of the international community harry. no all those who are looking for a two state solution between israel and the palestinians for them this is just more cementing of the key problem literally cementing in the settlement issue the illegal israeli settlement issue this is a two day process this meeting of the relevant committee which hands out the approvals for such plans at the end of the first day we have news that one thousand two hundred and ninety two housing units have been approved for construction or at some stage of the approval process for construction on top of that two hundred ninety six permits or other tenders have been approved fragile construction at the settlement the illegal israeli settlement behind me here in the occupied west bank the settlement of beit il so this does suggest an acceleration in the settlement process some things have changed of course we have a new president in the white house one which many on the israeli right especially the pros settler lobby were hoping would rea

approved the construction of israeli settlement you can see in hebron in the occupied west bank thirty one you units have now been approved those settlements are illegal under international law this is the first time the government has given official approval for construction in hebron in fifteen years. the defense minister in the philippines says two senior eisold and commanders have been killed in fighting in the southern city of morale we is nil on her pillow on lead abu sayyaf footsies parts of the city and made his fighters were helped by the moti group one of its leaders oh mom out she was also killed government forces have been fighting the group for control of. austria's conservative leader sebastian kurtz has claimed victory in the general election just thirty one he'll be the world's youngest leader his people's party won more than thirty one percent of the vote but he will need to form a coalition government. on sunday hundreds of somalis march through the streets of mogadishu to voice their anger against the bombing that killed at least two hundred seventy six people in the capital on saturday those are your top stories the news continues after talk to al-jaz

approved the construction of israeli settlement units in hebron in the occupied west bank thirty one new units have been approved the settlements are illegal under international law it's the first time the government has given official approval for construction in hebron in fifteen years. you're up to date with the headlines on al-jazeera coming up next year it's inside story stay with us. syrian democratic forces launch a major operation against isis self-proclaimed the capital u.s. backed rebels say it's the final push for a so what's next for i so for syria and for thousands of civilians trapped in the conflict this is inside story. thank. you and. a welcome to the show i am sam is a than now when i saw took control of iraq in two thousand and fourteen the syrian city became the first to fall under the armed groups full control i saw fighters went on a rampage of killings and abuses they also use the city to plan attacks overseas or now three years later the u.s. backed syrian democratic forces of launch what they say is the final assault on iraq are now it's not clear how many eisel fighters are still inside the city and then as the spokesman says some ic

approved the building of new illegal jewish settlement units in hebron in the occupied west bank thirty one units have been given the green light these settlements are illegal under international law this is the first time the government has given official approval for construction in the city in fifteen is a car bomb and killed an investigative journalist who had been leading the fight against corruption definitely. wrote a blog on alleged bribery and fraud between politicians and businessmen some of the accusations involve the prime minister joseph muscat who has denounced the killing three people have been killed after storm ophelia hit island three hundred sixty thousand properties are now without power as of the headlines the news continues on al-jazeera after inside story. sébastien kurtz declares victory in austria as national election which will feels a swing to the right so where will the so-called one that could take austria what this is drawing is named for europe this is inside story. hello welcome to the show i'm sam is a than now the results from austria as national election are in and it looks like sebastian kurtz is poised to become the world's youngest head of

approved the building of new illegal jewish settlement units in hebron in the occupied west bank says one units have been given the green light these settlements are illegal under international law this is the first time the government has given official approval for construction in the city in fifteen years. three people have been killed after a storm or fear hit island of three hundred sixty thousand properties are without power those are the headlines shadow war in the south is in. january two thousand and thirteen four thousand french soldiers are deployed in mali. their mission to stop separatists rebels advancing on the capital bamako. but operation survival is different from the long series of interventions by france and its former african colonies. today the french are not the only ones with interests in the region they have to deal with new players china and now the united states. africa is now a key territory on the global chessboard of the twenty first century. from libya to the central african republic from south sudan to northern mali conflict and chaos has spread throughout the continent. at the heart of this turmoil a strategic territory. the cyan the vast reg

almost two and a half thousand new settlements units illegal under international law forty percent are earmarked to be built east of the separation wall in the occupied west bank. those are the headlines risking it all is coming up next stay with us. china is holding what appears to be its most significant communist party congress in decades with president xi jinping keen to consolidate his crown the what is that mean for this country and indeed the rest of the world join me adrian brown live coverage and analysis here on out.

the building of new illegal jewish settlement units in hebron in the occupied west bank says he one units have been given the green light these settlements are illegal under international law this is the first on the government has given official approval for construction in the city in fifteen years a car bomb in malta killed an investigative journalist who had been leading the fight against corruption definitely khurana wrote a blog on alleged bribery and fraud between politicians and businessmen some of the accusations involve the prime minister just of most who has denounced the killing. three people have been killed off the. island three hundred sixty thousand properties are now without power as the headlines the news continues on. story. victorian austria's national election feels to the right so where will the so-called take. what this is draw is made for europe this is inside story.

construction of jewish settlements in hebron in the occupied west bank thirty one new settlements have been approved there will have almost four thousand homes the settlements are illegal under international law it's the first time the government has given official approval in fifteen years the philippines defense minister says two senior isolates commanders have been killed in fighting in the southern city of the abu sayyaf and now to groups have been in control of parts of the city since may. the number of people killed in saturday's truck bombing in somalia has risen to two hundred seventy six it's still not known who carried out the attack but the government is blaming the armed group al-shabaab hundreds of people have been protesting against some of of the violence in the capital mogadishu. and venezuela as the electoral board has announced the president's socialist party has won most of the governorships in regional elections but the outcome has fought to accusations of fraud from venezuela's opposition you're up to date with the headlines on al-jazeera witness is up next to stay with us. china is holding what appears to be its most significant communist party congress in decades wi

approved the construction of israeli settlement units in hebron the occupied west bank thirty one new units are now been approved the settlements are illegal under international law this is the first time the government has given official approval for construction in hebron in fifteen years kerry forces from hebron. well this announcement from the israeli government approving thirty one housing units will see another illegal israeli settlement building go up within the old city of hebron and that is something that is very concerning to activists here who say that given the nature of the settlements project inside hebron where palestinians and israeli settlers live at such close proximity separated by cages by fences by barbed wire and by israeli army checkpoints and a large israeli army presence that this is going to make life inside have run that much more difficult for the palestinian residents here it is also something which you have to see in context of a wider growth in the settlement project the palestinian government says that it's increased by eighty five percent within just one year this week we're expecting to see hundreds more housing units approve

construction of jewish settlements in hebron in the occupied west bank thirty one new settlements have been approved almost four thousand homes the settlements are illegal under international law this is the first time the government has given official approval in fifteen years kerry force it joins us live now from hebron in the occupied west bank harry what does this all mean. well just to clarify the numbers slightly we're talking about thirty one new housing units here inside hebron which have been approved as a whole this week we're expecting nearly four thousand housing units in the west bank the occupied west bank to be approved so it's not new settlements it's new construction within settlements largely but here in hebron it means a great deal because this is such a divided city these answers that are separated by big barriers on top of hillsides that you see across the the occupied west bank this is the middle of the old city of hebron people palestinians and illegal israeli settlers alike living on the same streets divided by cages and barbed wire and fences heavily policed by a very large israeli army presence here as well checkpoints which restrict movement insi

bank let's go straight over to harry fawcett. of course news of all settlement construction harry is not going to sit well with the palestinians door with much of the international community. no i mean the u.n. the palestinians many countries around the world see the settlement issue as the key one in any but progress towards the an eventual two state solution progress which is of course been stalled for many years and many here are in pretty deep despair about the prospects of it in any case but but yes this does represent both in terms of the numbers on the locations and acceleration in approvals of plans at least for housing units for israeli settlers in illegal settlements in the occupied west bank like this one of a deal behind me here we're expecting tenders to be approved for nearly three hundred new units as you say so far from the two days we understand that the meeting of the committee the relevant committee that does the approving of these units constructions we've had a figure of eight hundred forty two we're expecting at least two thousand four hundred possibly up to three thousand four hundred approvals over the next couple of days of the ones whic

bank thirty one in new units of been approved it's the first time the government has given official approval for construction in hebron in fifteen years the settlements are illegal under international law and critics say that they will make life more difficult for palestinians already restricted by checkpoints and curfews hairy force it has more from hebron. well this announcement from the israeli government approving thirty one housing units will see another illegal israeli settlement building go up within the old city of hebron and that is something that is very concerning to activists here who say that given the nature of the settlements project inside hebron where palestinians and israeli settlers live at such close proximity separated by cages by fences by barbed wire and by israeli army checkpoints and a large israeli army presence that this is going to make life inside have run that much more difficult for the palestinian residents here it is also something which you have to see in context of a wider growth in the settlement project the palestinian government says that it's increased by eighty five percent within just one year this week we're expecting to see hundreds more h

economist atchief the bank for international settlements has argued the only thing low rates is doing is leading to an unsustainable buildup of debt which will have its own problems down the road. do you agree? eric: one of my concerns with low rates over a long year of time as people try to reach for yield, and that can be households and firms. if you are a household saving for retirement, it is a problem. if you are keeping your money in a short term cd paying a low interest rate you are taking more risk. firms have that same kind of behavior. i do worry you end one consequence a very low interest rates for a long time so people take on more risk, and when something happens in the economy, a negative shock, they are less prepared to handle that. that is one reason to want to normalize interest rates when we get to a point where we think the economy is likely to get back to 2% inflation, where we are very close if not beyond full employment. michael: is there a danger the economy moves towards contraction the next few years? when would you see the business cycle coming to an end? eric: economists are fond of saying recoverie