some states view human rights as of second revalue far less significant than focusing on g.d.p. growth or geopolitics while it is one of the three pillars of the un it is not it's simply not treated as the equal of the other two the size of the budget is telling enough and the importance accorded to it often seems to be in the form of lip service only many in new york view it condescendingly is that we emotion or weak emotion emotional geneva scented pill are not serious enough for some of the hard core realists in the un security council yet like in physics we also know human rights to be a strong force perhaps the strongest force for whenever someone in new york calls a topic too sensitive there's a good chance human rights are involved and why sensitive because a denial of rights hollows out a government snitching machine every time the phrase too sensitive is used it therefore confirms the supreme importance of human rights and their effect as a strong force for no tradition legal or religious calls for or supports oppression none discussions about rights or avoided by those who se

before the global financial crisis the european commission statistics body euro stat says annual g.d.p. growth for the bloc went up two and a half percent that growth was largely driven by france which has a new economic impetus with a manual make haunt the reins and spain which expanded by just over three percent in. the value of goods and services produced in the eurozone has been rising steadily. in twenty fifteen eurozone growth rose by one and a half percent. in twenty sixteen the eurozone economy grew by one point seven percent. and last year the economy charged ahead by two and a half percent. this momentum was partly because the european central bank in frankfurt has pursued a huge stimulus program slashing its main interest rate to zero and buying billions of euros a month with the financial assets known as quantitative easing the e.c.b. has gradually been typing off these stimulus measures which were introduced in the wake of the financial crisis last week e.c.b. president mario draghi hinted that the strong euro wouldn't affect the block's economic prospects but he said global facto

before the global financial crisis the european commission statistics body euro stat says annual g.d.p. growth for the bloc went up two and a half percent that growth was largely driven by france which has a new economic impetus with emmanuel mccaw at the reins and spain which expanded by just over three percent. in the value of goods and services produced in the euro zone has been rising steadily in twenty fifteen euro zone growth rose by one and a half percent. in twenty sixteen the eurozone economy grew by one point seven percent. and last year the economy charged ahead by two and a half percent. this momentum was partly because the european central bank in frankfurt has pursued a huge stimulus program slashing its main interest rate to zero and buying billions of euros a month worth of financial assets known as quantitative easing the e.c.b. has gradually been tapering off the stimulus measures which were introduced in the wake of the financial crisis last week e.c.b. president mario dragged into that the strong euro wouldn't affect the blocks economic prospects but he said global factors

of the consensus forecast still the federal statistics office confirmed the strongest full year g.d.p. growth since two thousand and eleven. and that of course must be new zick to the ears of investors let's ask what he bought off of the franklin stock exchange when he again is german exports keeping the economy on track any pitfalls in sight. i think the pitfalls are the strong euro and interest rates interest rates perhaps going up based on inflation now the problem here from the point of view of the markets which are reacting positively right now are the u.s. interest rates not the german ones the german figure as at one point six percent that's a little down from the previous month on an annual basis but everyone today is looking at the u.s. figure that's expected in about five hours to two thirty pm german time and if the u.s. inflation comes in just a tad above the expected one point nine percent for january then we have trouble here that's what everyone is saying then we could have another round of tumbles injures and perhaps a repeat or more of what one saw last week because of the re

about what will goldman sachs recently well they made a projection but others here want three g.d.p. growth regression and twenty chain when i mean well russia's own ministry for economic development expects only two percent gross if i remember right yeah i believe so why but you mean if it isn't from call that said why do they see a more jolly picture than the russian government or maybe there are jolly fun people listening to that that could certainly be one reason but there is quite a different set of numbers there so. you know there are so many various analysts and experts some of them predict less than two percent growth for russia believe our ministry's projection was just over two percent which of course it will be very nice to live up to the three point five percent growth projections go even higher but i believe we can begin to talk about such numbers in a couple of years our task for now is to run a comprehensive structure reorganization that would trigger. a move that would involve reorganizing that taxation system work restructuring our expenses reforming economic sectors and th

educated wealthiest workforce on the planet and high working age population growth which means high g.d.p. growth now this is happening at an era when technology has brought consumerism a different spin on the game with sites like amazon and elsewhere so when you think about consumerism an emerging markets like first thing maybe a procter and gamble right they shampoo and health care products and deodorants and stuff the p. and g. does and these people are getting the design or you know side of the law but does these technology platforms like amazon are going to grow their own amazon or is amazon just going to move into these places great question and it's really they're going to leapfrog just like they did in wireless and they skipped wireline with straight to wireless so they take advantage of technology e-commerce in china is one of the biggest trends really going out there thinking ali baba you know not much ten years ago today one of most dominant players on the planet ten cent and we chat huge huge platforms for commerce think about this every day last year somebody's boss stuff on a mobile

than any of the industrialized nations so yes we're out of the recession in terms of yes there's g.d.p. growth yes the market's going up yes there are more people employed but where they employed it's not the united states of america it's slave led to get so when they talk for instance that the last time you know what brought the market down was wages went up and wages went up but take a look at the numbers wages only went up for about twenty percent of the working population the managerial levels that's what skewed it eighty percent of the people is still making the lousy wages they were making before. so that's what it is so yes the economy is in much better shape now than it was from the panic of zero eight people yes they have debt the credit card debt sit all time high but they don't have those subprime mortgages now instead they have those a surprise because mortgages rather than the house mortgages but they're not as big as the so did get caught i'm a on the whole is in much better shape than it was back then but not all boats ride side and so when you mentioned before how when bush was

talk a little about what will goldman sachs recently well they made a projection of what three g.d.p. growth were russia and twenty chain what i mean while russia's own ministry for economic development expects only two percent gross if i remember right belief so why but you me if it isn't from goldman sachs why do they see a more jolly picture than the russian government or maybe there are jolly fun people listening but that could certainly be one reason but there is quite a different set of numbers there so. you know there are so many various analysts and experts some of them predict less than two percent growth for russia believe our ministry's projection was just over two percent which of course it will be very nice to live up to three point five percent growth projections go even higher but i believe we can begin to talk about such numbers in a couple of years our task for now just to run a comprehensive structural reorganization that would trigger. a move that would involve reorganizing that taxation system works restructuring our expenses reforming economic sectors and this will give

educated wealthiest workforce on the planet and high working age population growth which means high g.d.p. growth now this is happening at an era when technology has brought consumerism a different spin on the game with sites like amazon and elsewhere so when you think about consumerism and emerging markets like first thing maybe a procter and gamble right they shampoo and health care products and deodorants and stuff the p. and g. does and these people are getting the design or you know side of the law but does these technology platforms like amazon are going to grow their own amazon or is amazon just going to move into these places great question and it's really they're going to leapfrog just like they did in wireless and they skipped wireline with straight to wireless so they take advantage of technology e-commerce in china is one of the biggest trends really going out there and get all the baba you know not much ten years ago today one of most dominant players on the planet ten cent and we chat huge huge platforms for commerce think about this every day last year somebody boss stuff on a mobi

overall in san francisco, we've seen g.d.p. growth of 3.2% a year over the past 10 years, total employment growing at 2.6% over the last 10 years and these are relatively modest, negative impact impacts on the context of the city's recent growth trajectory. >> all right. >> happy to take any questions. >> thank you. i know. that was worth sticking around for. just for the record, i correctly stated. rescinding the item for item six. i would like to correctly state to rescind the vote for item number five. this is number five. i have a couple of questions. can you walk us through your expected employment change numbers on page 13 of your report on the commercial rent taxes for child care. here are my questions. what drive this is negative impact? what is the first thing that comes to my mind? if we are boosting wages and boosting female participation in the workforce, why is it having an adverse impact? >> well, first of all, i have to say -- and i didn't go into detail on this slide -- that we're not able to project how much increase

kosovo marks ten years since it declared independence from serbia and economy is showing some solid growth g.d.p. expanded by just under four percent it twenty seventeen as it did in the two previous years seven pounds to impart to remissions from abroad so that means that perhaps celebrations are not quite in order because europe's newest country is also one of its poorest average income is still only around four hundred euros a month and cost of those chronic unemployment is stuck at above thirty percent now there's also a huge trade deficit for what is such a small country you can see it there in twenty sixteen kossovo imported goods worth two point eight billion euros but exported barely three hundred million euros worth of course was also struggling with weak infrastructure and no way can this be better seen than with its power supply but of course that's also an opportunity to move on to the latest technology and one company company hopes to lead the way. you know how solar is possible as first photovoltaics factory high quality solar panels are made here they're designed for regions withi

and g.d.p. growth is continuing to grow. reduce the deficit target just by 0.1% which is what we're looking at, you are still probably going to see a tick up in spending or it's not going to radically reduce spending. he doesn't see this, tommy cir, as a shift in policy. but what he says it should be in light of the deleveraging campaign, particularly the focus by the government on reining in credit expansion at the local government level. and in fact, i was talking to an academic earlier this week, ching-ho university who advises the pboc on an informal basis and he said that indeed this is a key priority for policymakers and tackling debt and local government debt, local government level particularly shadow banking and plays into that. we did see some reaction in the bond market. the bond futures yesterday, ticking up as a result of this. and len shun security researcher saying this was a believing -- blessing for china's bond market. yvonne: let's bring our next guest to talk about china. and we expect p.m.i. zwrat and ea

g.d.p. to growth ratio has been a depression rather has been sitting at about fifty percent so the minister has this afternoon said that they're looking at increasing the value added tax by one percent and i think this would be of some concern to the poorest of the poor the minister has said that basic food stuff like a maze doesn't are zero rated so this shouldn't impact our souls but this does really impact the cost of living for millions of south africans across the country given that more than fifty percent of the south africans rely on just over a dollar a day the minister has said that any increases to value added tax or to income tax will be below inflation but i don't know how comforting this will be to millions of south africans in reality you mention how many people live in. a dollar or less a day in south africa how the public going to react to these tax hikes the first in twenty years. well so africa has previously gone through a recession the government did point out the minister did point out that the economic outlook has in fact improved compared to previous projections now l

and what happened is for some eight years there was g.d.p. growth of about 1.2%. mr. speaker, that means very plainly that it would take about 70 years to double the size of our economy. which means that communities and states and companies and individuals lagged behind as they would watch other cities and other countries and other people around the globe not only have economic activity, but opportunity that came to their doorsteps. i.p.o.'s, initial public offerings, and all the acronyms that go with economic growth and development went overseas. they went other places. and so republicans began this discussion with the american people, going to 2010. 2010. that said, we need to be careful about government spending. but on the same side what we need to do is to grow our economy. and that is exactly the discussion that took place during the last presidential election. so, republicans, as soon as the election was over, began the process of not only making america great again, but doing it by empowering every single state and every single american to be a part of this gr

think it's very hard to have an economy growing at 1.8 to in europe with inflation, so nominal g.d.p. growthwhen in the u.s., you're hedging towards the 2% level. so i think what they're missing is the day the e.c.b. goes from minus 40 to zero, italian banks could easily see earnings upgrade just in one day, and so i think short on italian banks over the next 12 to 18 months will be a losing strategy. anna: talking there about the banking sector in italy. we've got breaking news. phillip lane is withdrawing from the e.c.b. v.p. post. the battle was taking place for that position between phillip lane and louis aof spain. phillip lane has pulled out of that race. this is the irish finance minister saying that the irish central bank governor, phillip lane, his name has been withdrawn from the e.c.b. and the irish will thraffer move to support the spanish economy minister. we'll get further analysis of this, that has been expected in some quarters, because this is the faith, there had been an expectation that perhaps they would step away from the battle to enable a unanimous decision to be made

marks ten years since it declared independence from serbia and the economy is showing some solid growth g.d.p. expanding by just under four percent in twenty seventeen as it did in the two previous years but that is cheap imports are emissions from abroad meaning celebrations might not be yet in order europe's newest country is also its poorest one average income there is still only around four hundred euros a month and kosovo is chronic unemployment is stuck at above thirty percent now there's also a very large trade deficit such a small country in twenty sixteen cost of imported goods worth two point eight billion euros but it exported barely three hundred million euros worth and of course was also struggling with weak infrastructure in no way can this be better to see then with its power supply that's also an opportunity to move on to the latest technology and one company is hoping to meet the way. ya how solar is kosovo's first photovoltaics factory high quality solar panels are made here they're designed for regions within ten sunlight like north africa and the middle east and while that

g.d.p. grew two point two percent in twenty seventeen with analysts expected growth to accelerate in twenty eight. and our financial correspondent quanah who is in a joins us now good to see you con had a two point two percent growth is pretty good how much is this thanks to germany how much was it thanks to a general global recovery. well helen exports remain the backbone of our economy and sales to other countries were particularly strong during the fourth quarter of last year and here it's important to note that of course the super generous monetary policy of the central bank is playing a role here customers from other eurozone countries can afford to buy german products because they have to pay no interest on any loans but not only exports have been strong it has to be said that the excellent state of our labor market of employment here in germany has caused private households to become a much more important contributor to economic growth here in germany than it was in recent years where we've got a budget surplus of thirty six billion euros that is rather large couldn't germany actuall

g.d.p. the atlanta fed says a key one twenty eighteen will show a pretty remarkable five point four percent growth your thoughts pretty remarkable . how about an awesomely remarkable attard oh i suppose i some perversion it didn't happen i mean you are not responsible for being able to measure this thing they are good at what we've typically saying three hundred rower or maybe even four out of pocket and when a parent comes out early and they. are only in the early to start of the quarter with these remarkable forecast you know they were they were worse at the start of the last one was again a two point six dollars five point four percent i look at every time these reports come out max that i have you know as like i'm betting on a spread over underlined at a football game in the n.f.l. and then i made my typical comment here about the atlanta fed model it was a own take the under way are under you know if this is an all rounder bottom line and the line is five point worse than max i don't thanks well it does of course sand that some inflation and we've had a thirty eight year bull market and bonds

growth all the while exacerbating poverty migration and tara. on saturday cost of earmarks ten years since it declared independence from now the economy is promising with g.d.p. expanding by just under four said twenty seventeen but europe's youngest countries also one of its poorest and is struggling with weak infrastructure and nowhere is this more of yes when you take a look at its power supply but at least that offers an opportunity to move to the latest technology and while companies hoping to lead the way. yeah how solar is possible is first photovoltaics factory high quality solar panels are made here they're designed for regions within ten sunlight like north africa and the middle east and while that might sound ideal for solar the desert heat is bad news for conventional panels their output is actually lower and they don't last long but not the panels made here we see the thirty year. life form of our products but for now kosovo is still coal powered it has vast deposits that could last for centuries. but coal burning comes at a price for one it's bad for health and about a quarter of the electricity that passes through kosovo's antiquated grid is l

g.d.p. the atlanta fed says a q one twenty eighteen will show a pretty remarkable five point four percent growth your thoughts pretty remarkable . how about an awesomely remarkable attard oh i suppose i some perversion it didn't happen i mean you are not responsible for being able to measure this thing they are good at what we've typically saying three hundred rower or maybe even four out of pocket the end when a parent comes out early and they. are only in the early to start of the quarter where these remarkable forecast you know they were they were worse at the start of the last one was again a two point six dollars five point four percent i look at every time these reports come out max that i have you know as like i'm betting on a spread you over underline it at a football game in the n.f.l. and i made my typical comment here about the atlanta fed model it was a own take the under way are under you know if this is an all rounder bottom line and the line is five point worse than max i don't thanks well it does torts and some inflation and we've had a thirty eight year bull market and bonds goi

growth of the economy it has grown mightily to the growth of debt and made us put the globe into this debt straitjacket hundreds of percentage of debt to g.d.p. around the world it's essentially like saying to pablo escobar that putting baby powder and just cocaine which is like fractional reserve banking banking contributed enormously to his cocaine empire that's true but if you want to run the world like a cocaine empire like the jamie diamonds and the lloyd blankfein and then the new central bank president then it's not healthy for the global economy third denial they don't have fractional reserve banking is a part of the whole to problem is to parasitical problem is the whole destruction of the economy yes it's lended to well no pun intended to growth and debt but also a growth and fraud and a growth in injustice i would say as he had mentioned at the top it was the global financial crisis not in particular the global financial crisis like he kind. skims over what the white paper actually says but it was the the fraud of the global financial crisis that was in the big white paper the bailing out of the losers of the parasites that the ce

growth of the economy it has grown mightily to the growth of debt and made us put the globe into this debt straitjacket hundreds of percentage of debt to g.d.p. around the world it's essentially like saying to pablo escobar that putting baby powder and just cocaine which is like fractional reserve banking banking contributed enormously to his cocaine empire that's true but if you want to run the world like a cocaine empire like the jamie diamonds and the lloyd blankfein and then the new central bank president then it's not healthy for the global economy third denial they know that fractional reserve banking is a part of the whole to problem is to parasitical problem is the whole destruction of the economy yes lended to well no pun intended to growth and debt but also a growth and fraud and a growth in injustice i would say as he had mentioned at the top it was the global financial crisis not in particular the global financial crisis like he kind of skims over what the white paper actually says but it was the the fraud of the global financial crisis that was in the big white paper the bailing out of the losers of the parasites that the centra

growth of the economy it has grown mightily to the growth of debt and made us put the globe into this debt straitjacket hundreds of percentage of debt to g.d.p. around the world it's essentially like saying to pablo escobar that putting baby powder and just cocaine which is like fractional reserve banking banking contributed enormously to his cocaine empire that's true but if you want to run the world like a cocaine empire like the jamie diamonds and the lloyd blankfein is then the new central bank president then it's not healthy for the global economy thirds of nile they don't have fractional reserve banking is a part of the whole to problem is to parasitical problem is the whole destruction of the economy yes it's lended to well no pun intended to growth and debt but also a growth and fraud and a growth in injustice i would say as he had mentioned at the top it was the global financial crisis not in particular the global financial crisis like he kind of skims over what the white paper actually says but it was the the fraud of the global financial crisis that was in the big white paper the bailing out of the losers of the parasites that the