today and i think probably people who are at the world bank today are really having to look at how they need to soften their deals what they need to do to be more competitive against these basically chinese directives banks looking at it in august the more a shadowy way though the be in breaks brazil is already now run by a former cia asset its most popular leader of course is in jail news every day against jacob zuma flooding mainstream media there are other ways to attack this brics new. new future yeah it's difficult to stay exactly what the future will bring in this regard because the same time of course the u.s. government is having this competitive it's almost like as a tennis game a very but that very vicious with china with europe with north korea with russia over trade wars and trade deals and i'm sure that some people at the world bank and the other side to sions are being very much plato's cons in that game. i guess you have problems in tennis man talking about assessment yeah but then some a saying that as the the old policies a divide and rule fail to actually start to

and the world bank's supremacy you know i mean we had a similar situation through the soviet union it was on the same by anybody but there was and there was a balance so if we were to strop just push too hard and strong i mean it on trade like let's say there were two or colombia or indonesia. there are governments i turned to the soviet union. and force us to try to soften our approach and then after the soviet union collapsed in the early ninety's world bank the i.m.f. and their sister organizations had a monopoly and they really abused it and i think that's a shame and they used it to we were exploiting the country even more now we've got to rex and we've got the. infrastructure investment banks and these banks have as more financial power in fact in the world bank and it's just us and so in a way we're reaching a balance right think probably if i were if it were america and i think robert people who are at the world bank today are really having to look at how they need to soften their deals what they need to do to be more competitive. you know it's the deuce basically chinese dire

the world bank but you talk to almost all haitians it looks like you got cast in that that's great right you point to all haitians and they usually mention one thing and correct me if iraq is corruption i don't permit corruption because you are and just because you bring up corruption i'm wondering the type type if we tie politicians to these concerns are haiti right now we have a tweet saying is owned by the i.m.f. donations meant to aid charities went to salaries and administration but then we have asking will the resignation of the prime minister bring a reduction of fuel prices your thoughts cousin or. i think. for like the next. problems it was a subsidy in that they get. one hundred sixty million dollars. in the losing one of the fifty million dollars like. losing one hundred million million dollars also from the subsidies. million dollars. only two point five billion. mismanagement. that's what i was and they. think we surprised but it. also. obviously that conversation is not going to and here but we're thankful that you both joined us cousin or for gabriel is on you and if you'r

the world bank but you talk to almost all haitians it looks like you got cast in that that's great right you point to all haitians and they usually mention one thing and correct me if iraq is corruption i don't permit corruption because and just because you bring up corruption i'm wondering the type type if we type politicians to these concerns are haiti right now we have a tweet saying is owned by the i.m.f. donations meant to aid charities went to salaries and administration but then we have asking will the resignation of the prime minister bring a reduction of fuel prices your thoughts cousin or. i think. for like the next. problems it was a subsidy that they get. one hundred sixty million dollars. in the losing one of the fifty million dollars like. losing one hundred million million dollars also from the subsidies. million dollars. only two point five billion. mismanagement. that's what i was. surprised but also in. the. obviously that conversation is not going to and here but we're thankful that you both joined us cousin or for gabriel is on you and if you're not following him alre

were at the united nations high commissioner for refugees illegal grandia the president of the world bank they were here to try to raise awareness about the plight of the or into the mass suffering and trauma that they've experienced and that the united nations secretary general you know he came right out and said that he's really never seen anything on this scale before in his life and he said that the government of myanmar needs to do much more now they have been these memos of understanding that have been signed between the government of myanmar and the united nations to try to begin a repeat tree a she crosses so that grow into refugees can go back to me anymore but this is at best problematic because details of that middle understanding leaked and it seemed as though it did not refer to the group as for in jet the did not clarify if they would get citizenship rights and so in the past week in speaking to a lot of refugees here were quite concerned about it they say first and foremost that you know wrote hinges should be involved in any discussions about their group their population a

the world bank but you talk to almost all haitians it looks like you've got castro that that's great right you point to all haitians and they usually mention one thing and correct me if i'm rockets corruption i don't permit corruption because and just and that has you because you bring up corruption i'm wondering the type type if we tie politicians to these concerns are haiti right now we have a tweet saying is owned by the i.m.f. donations meant to aid charities went to salaries and administration but then we have asking will the resignation of the prime minister bring a reduction of fuel prices your thoughts cousin or. i think they're going to freeze it for like the next. problems because a subsidy that they get. one hundred sixty million dollars. in the losing one of the fifty million dollars also like. losing one hundred million one of the fifty million dollars also from the subsidies . in the million dollars. only two point five billion. mismanagement. that's what i was. surprised but. also. because now obviously that conversation is not going to and here but we're thankful that

midsomer saw the world bank has been saying basically that the macroeconomic outlook of iraq should be good in the coming years particularly with the defeat of i sell oil now is has been in the increase for quite some time. would iraq be able to rebuild the country and so the demands of the people with the same mentality which has been prevailing for some time poor governance embezzlement of public funds and incredible corruption that we've been seeing across all the levels of the political elite yes that's a good question i mean i wouldn't call this socialism i call this kleptocracy very clearly the system the culture of kickbacks and the corruption and the system that's been unable to trickle down to the citizens continues to exist and you can continue to put money into the system you can continue to sell oil you can have oil at one hundred you can have on the one hundred fifty that doesn't mean that more money will go to the citizens because the system as you say is the problem and many people say oil itself is a curse and actually having so much money empowers the elite rather than

jim kim in the world bank.s saying we have a really hard time finding how to reach those last 10 to 15% of the poor, and that's why we're working with the bank and the ifc to bring these types of solutions that help us get to some of the poorest people. >> so, it is really important. i just want to ask a hollywood question to you, matt, because you are the face of this and you are able to bring so much to it to gary's work. and obviously, you know, the whole me too women's empowerment started with hollywood, to an extent. and obviously your career took off with support from harvey weinstein. i just wonder, in the six or so months, eight months since all of this broke, how do you think hollywood is coping, reacting, and stepping up when it comes to women's rights and equal treatment under, you know, fair play in hollywood? >> yeah, i mean, yes, i am all for women's empowerment, you know, in hollywood and at the village level in indonesia. that's a big part of this work that we do. you know, i mean, i've certainl

what is the world bank doing about it in terms of ifc? is there an urgency?hat is in the pipeline in terms of partnership to address the infrastructure issue by the world bank? china has built up a financial strength and with more wealth comes more responsibility, not only to investments domestically, but also to what is making the financial capacity available for other countries to grow. this has to be done with great care for the capacity of countries to actually implement large-scale investment. and that's where banks will grow, to help them assess is this a good investment? four do we have a white elephant that will drag our economy? and the problem i talked about, that sustainability very important to protect investments with good care for the financial help of countries. what we do, and now we can do more of it because of the capital increase our shareholders have granted us with, is to use our financing as a platform to draw in private sector investments on the scale. official development assistance, even if it's broke, is a tiny part of what the inves

all his stuff when he was working at one of those world bank or a map sort of things but it could be that like maybe we're going to get some justice it might be another twenty years or it could be bad news because like maybe this he's he's like a mafia sort of guy like edging out all the competition getting their competition arrested and thrown in prison but according to the daily beast article here timothy geitner who served as treasury secretary during the obama administration is now president of a private equity fund that manages a company that has been accused of predatory lending practices according to the washington post the newspaper reports that mariner finance which is owned and managed by new york firm warburg pincus offers poor americans high interest loans by sending them texts in the mail customers who can't repay the loans have sued for the money they owe plus interest processing fees and legal fees sometimes within months of the checks being cast the consumer installment loans that marcus who mailed out checks encourage recipients to accept a loan on an impulse with in

far as the news today that around five hundred million dollars is going to be contributed by the world bank the government of bangladesh to aid with refugees but the fact of the matter is that is just a starting point it's not enough it is a crisis that is going on here it is still very dire and even though there was some today or indirectly days that we've continued to speak with say they are really quite concerned about what's going to happen as the rains continue and the cyclons began as a family first their cocks is bizarre. next we'll see what the weather is doing and then a few signs of compromise in a migration showdown or threatens to take germany's government apart. welcome back a look at the weather across asia and starting in northeastern areas you can see all this cloud which is coming up from the south nurses given a lot of rain cells out one hundred millimeters of rain last twenty four hours and that's before we get our typhoon property room coming up from the south and there's the area of cloud associated with it so the weather across this region is going to be very disturbed

ground thank you so much for being with us sir i want to ask you first about the fact that the world bank of course has announced that they are going to contribute close to a billion dollars half a billion dollars to the or hinder refugee to the government of bangladesh to help with the remains a refugee population because it's not nearly enough considering all that's going on here and the immensity of this crisis right now it is a very important package because it will allow all of us to go beyond this emergency phase and look at education big need for the people here look at hand look at the infrastructure also for the local community they are tremendously impacted one million people in a small difficult land but meanwhile because this is going to take some time we desperately need humanitarian climates to feed people to give them water. to reinforce the shelter in this monsoon season we have an appeal of about one hundred million dollars issued in january while sympathy for these refugees twenty five percent from that this has to change what impresses here what the two things that impr

it would be a serious mistake for the world bank to take my support for granted. mix concerned about the bank's recent recommendations its upcoming world development report. with the wide skills dismantling protecting workers including lower minimum wages and grading hiring powers and other countries. the world bank should not be rewriting this to recast the balance of power between labor and capital. this will undermine social cohesion and ultimately harmed the bank's legitimacy and relevance in the fight against global poverty. while i do appreciate the administration support of the world bank, i'm concerned about the actions this administration has taken in many areas that fall into the purview of the treasury secretary. the trump administration is waging a trade war that will have wide-ranging economic consequences. last week, mid- continental, america's largest male manufactures laid off 60 workers and announced the company would go out of business by labor day. -- no longer hires workers in south carolina. the u.s. chamber of commerce was winning the 2.6 mil

—— like the world trade organization, the world bank.th forecast for next year, we will not anywhere near that if we have a full—blown trade war. will not anywhere near that if we have a full-blown trade war. thank you for giving us your perspective. we'll keep you up—to—date with every twist and turn. you can rely on us without. let us talk about virtual reality, now. virtual reality is moving beyond the gaming industry. in asia, more and more companies are using vr as well as augmented reality and it's aimed at getting consumers to interact and engage more closely with the compa ny‘s products. 0ur china correspondent steve mcdonell looks at how the virtual world is catching on in the business world. right now, virtual reality is very limited but i hope there'll be more competition and more people to enlighten this market. these people are fighting zombies, at least in their virtual world. and you can see how physical it is. but if you want to play this game, you've got to get up out of the lounge room and come to the arcade. we're defi

flooding and landslides as funding for the crisis has been very difficult to obtain the news from world bank group president jim yong kim was welcomed we will provide an initial triage of four hundred eighty million dollars in grants for volodos to support the. jemele debate whom was one of a number of or hindu refugees who met the secretary general during the visit. her wishes were made very clear and other the. issue was a smart card that identifies us as well but before giving us these identity documents they should give them to the er hanjour who are in jails and the m.r. and to the er hanjour who are still living. but many others who didn't meet the delegation also found ways to let their feelings be known. so as we wait for the u.n. convoy to start rolling again i'm noticing on the side of the road you see all these we're going to refugees there holding these signs yes to dignity yes to security yes to or his citizenship really showcasing a concern that they have something that many of those who we've spoken with today want to make sure that they get across to the u.n. you see the sign

camp in bangladesh where more than a million rangers have fled violence in myanmar on friday the world bank and now stuff five hundred million dollars grant to help bangladesh with the refugees basic needs but conditions remain poor and good carriage said countries need to offer more financial assistance mohammed jim jim joins us live now from cox's bazar in bangladesh so mohamad what is the latest that you could tell us there on the situation and the efforts to provide desperately needed aid to people in. how is it you know since we've been here aid workers have been describing what's going on in cox's bizarre as an emergency with in an emergency now let me try to break that down for you why they're saying that of course you have this crisis that has continued you have close to a million road humans are refugees here in cox's bazaar many of them in the critical long camp where we are right now but also right now it's monsoon season that means that on these steep hillsides that don't have education and where most of the are going to have their bamboo huts it's very krohn to natural disaster

things that were a bit of a for power for any particular country many years ago i was invited by the world bank to assist with the development of the two thousand anniversary of the birth of jesus christ in bethlehem as part of the millennium celebrations and i advise the mayor of bethlehem not to release live white doves at midnight because they would fly into the large television lights and in fact be baked and he asked what i suggest as an alternative and i said similar to what they did at the lillehammer winter olympics they used latex rubber gloves filled with helium it created the same effect they could capture them reuse them it was sustainable of course he didn't like my advice and he released his two thousand white doves and they had two thousand roasted on international television and that's the only message that remembers sadly from that iconic event so you would have to choose your slogans carefully. that's exactly right especially on the two thousand the anniversary of the birth of jesus christ so they could be very mishaps but they're also been some stunning success is not just in

not only want the money i want the world bank. thanks guys or financial survival. when customers go buy your do something. else well we do some of our. best undercutting but what's good for market is back it for the global economy. look as if. it's doing a. good . while calling. and we're back with peter brad mont engineer robotics peter there is this other thing that fascinates me and that's a granted reality when you put like google glasses on you see everything in three d. or forty while there i will be time i worry just like laying on your college when you put on your glasses and all of a sudden you're in your office and that's how you can work all day. absolutely. part of what i do in vision and robotic vision is the off side of that which is the augmented reality that you talk of the two sides of the one point and it would be very easy to put on your goggles or just stand in your virtual world and you can be somewhere else he doesn't even have to be in your office you can be working in any environment in a different part of the world in different parts of the

looking at the world bank and johns hopkins applied physics laboratory and in his spare time cofounded two biotech companies and to have a doctorate and a masters in public health masters in business administration and so before we begin to let the online audience know they can tweet their questions. we will get to those later what a week this has been in the world of cyber. to indict 12 russian military offices from hacking into the dnc in 2016 with the influence of that election that same day warning that the system is blinking red just as it was prior to 911 only with infrastructure under attack and that russia was the most aggressive foreign adversary for the integrator of threats what are you seeing russia to do? depose a cybersecurity? do you see activity there? >> thank you to the washington post for the opportunity to speak today in 2001 using the directors term the system is blinking red was to get attention of the policymakers there were significant threats in the counterterrorism state that director codes and his address to the hudson institute use that terminology to get ou

however, it would be a serious mistake for the world bank to take my support for this capital increase for granted. i am concerned about the banks recent recommendations in its upcoming world development report for the f widescale dismantling of regulations protecting workers, including lowered minimum wages and greater firing d powers, particularly in developing countries. the world bank should not be rewriting the social compact to recast the balance of power between labor and capital. this will lead toab greater inequality and undermine social cohesion and ultimately harm the banks legitimacy and relevance in the fight against global poverty. that said, try to want to do appreciate the administration's support of the world bank, i'm concerned about the actions this administration has taken and many other areas that fall into the purview of the treasury secretary as we meet today, the trump administration is waging a trade war that will have wide ranging economic consequences. last week made continental nail, america's largest nail manufacturer laid off 60 workers and announced that

world. never before has there been as much money as there is today and rarely has money been so cheap and yet the central banks continue to pump money into the world we are being flooded by trillions of dollars and you're in. the congo on forever it's a ticking time. bomb but it's never been easy for investors to get their hands on cheap money running up debt says practically free of charge organizations are just boring large amounts of money from each other and then using that to make money by lending it to others who are using that to lend it to others as noble system that lets the rich become even richer savers on the other hand are losing billions every year thanks to low interest rates. if you just open a savings account it's almost like burning money. this deluge of money has created deals worth billions companies are bought and sold for vast songs because the lanza cheap the employees become the pune's of the speculators. i guess the question is where's all this money going to go to. play a. game. where in bad borden doff in western germany this couple faces the same diameter as many others what to do w

and other central banks flooding the world with cheap money isn't a cure it's just pain relief and in the long run it has serious side effects the entire setup is a system that keeps saving itself temporarily but at some point it will inevitably fall apart. until then it exacerbates the enormous injustice that already exists those who have benefit a handful of super rich individuals own as much as the poor half of the world's population combined this flood of money is increasing the gap between rich and poor and further. people like these are struggling at the hands of low interest rates car heinz and his friends are worried in the past the world was a veritable part dies the savers the economy was booming and into. restraints were high even if inflation was too nevertheless successive generations lived by the motto those who saved get more out of life than a lot like you and bad for you can tune in the cost you could rely on a certain interest rate for your savings account you could live without. it but not anymore. which metaphor people think it is in the seventy's we got a fixed ra

a million range of muslims are sheltering out of thing from violence in neighboring minbar the world bank has announced a five hundred million dollar grant to help bangladesh provide the basics but conditions remain very poor. in the united states a three year old refugee girl has died from injuries after being stabbed at her own birthday party along with five other children three adults were also injured on saturday trying to protect the toddler's prison boys in the state of idaho have charged to me kenna with murder and battery and recently been evicted from the housing complex where refugee families from syria iraq and ethiopia live some of the injured remain critically ill in hospital south sudan's government has proposed a bill that would extend the presidential term by three more years if implemented the move would extend president salva kids tenure to two thousand and twenty one it's being condemned by the opposition who say it violates ongoing peace efforts. you have to say it with all the headlines are back with another news update after the war in october. new york. saturday the

world bank imperialist world sudan has long had good relations with the brics russia let alone the c. china president xi jinping calls president bashir an old friend and is again invited him to beijing. china says that he will keep hold of a friendly post with sudan no matter what international or domestic situation changes in sudan this policy why be changed meanwhile britain once president bashir in an international court the i.c.c. not even recognized by the united states who secretary of state has just expressed support for bilateral relations with sudan on my compares vision is definitely not the way some in hollywood see it the governor of sudan led by omar al bashir. and defense minister saying the same three men who orchestrated the atrocities and are for have turned their bombs on the people these are not military targets. is there in this in men women and children yes actor george clooney there making allegations that are denied by the sudanese government for bashir spot he is on the record for blaming nato nations for a policy of sanction divide and rule so his government c

and other central banks flooding the world with cheap money isn't a cure it's just pain relief and in the long run it has serious side effects the entire setup is a system that keeps saving itself temporarily but at some point it will inevitably fall apart. until then it exacerbates the enormous injustice that already exists those who have benefit handful of super rich individuals own as much as the poor half of the world's population combined this flood of money is increasing the gap between rich and poor and further. people like these are struggling at the hands of low interest rates car hines and his friends are worried in the past the world was a veritable paradise the savers the economy was booming and into. yes traits were high even if inflation was too nevertheless successive generations lived by the motto those who saved get more out of life like he'll go to bat for you are going to win the cost you could rely on a certain interest rate for your savings account you could live without. it but not anymore. which metaphor but think it is in the seventy's we got a fixed rate of se

world bank imperialist world sudan has long had good relations with the are in brics russia let alone the c. china president xi jinping calls president bashir an old friend and is again invited him to beijing. china says that he will keep the friendly posts. no matter what international or domestic situation changes ensue.

the institutions of global governance, the imf and world bank, the world trade organization, the marshallheart of the international system that america built after the second world war was the idea that nations should live by a set of agreed rules, in politics, economics, security and trade. america was the principal author of those rules, and has spent the last 70 years using its power in the world to enforce them. not anymore. donald trump believes that america is not the beneficiary of those rules, but the victim, that the rest of the world uses those rules to cheat america, and that the european allies are among the worst offenders. the question those allies are now facing is this — is the rules—based order that roosevelt launched ending with donald trump? he doesn't know the history, and he doesn't care. he takes a very transactional approach to international relations, which seems to come from his sort of real estate background, where he is — where everything is a deal. the essence of the american support for the international order is that you're investing in it. but that investmen

the institutions of global governance, the imf and world bank, the world trade organization, the marshall system that america built after the second world war was the idea that nations should live by a set of agreed rules, in politics, economics, security and trade. america was the principal author of those rules, and has spent the last 70 years using its power in the world to enforce them. not anymore. donald trump believes that america is not the beneficiary of those rules, but the victim, that the rest of the world uses those rules to cheat america, and that the european allies are among the worst offenders. the question those allies are now facing is this — is the rules—based order that roosevelt launched ending with donald trump? he doesn't know the history, and he doesn't care. he takes a very transactional approach to international relations, which seems to come from his sort of real estate background, where he is — where everything is a deal. the essence of the american support for the international order is that you're investing in it. but that investment allows them to sustain t

money as there is today and rarely has money been so cheap and yet the central banks continue to pump money into the world we are being flooded by trillions of dollars and euros. it can't go on forever it's a ticking time. bomb but it's never been easy for investors to get their hands on cheap money running up debt since practically free of charge organizations are just boring large amounts of money from each other and then using that to make money by lending it to others who are using that to lend it to others as noble system that lets the rich become even richer savers on the other hand are losing billions every year thanks to and low interest rates. if you just open a savings account it's almost like burning money. this deluge of. money has created deals worth billions companies are bought and sold for vast sums because the lanza team the employees become the pools of the speculators. i guess the question is where's all this money going to go to. plan. the end. game. the end. the end. where in bad bowden doff in western germany this couple faces the same dial m.r. as many others want to do with their s

the united nations, the imf, world bank, nato and the predecessor organizations of the european union and the wto were all created between 1945-1949. and importantly for my story, two of these institutions, the european union and nato, would direct products of the marshall plan. that might sound surprising but this grand project of integrating western europe, economically, politically and militarily was actually the most critical component of the new american strategy at the time in 1947, quarter end quote, containing the soviet union which came from famous american diplomat george kennan. to understand why that was we had to go back a few years further to the war years. during the second world war of course the united states and the soviet unions were allies in the battle against nazi germany. but as soviet dictator josef stalin wryly observed at the tehran allied war leaders conference in 1943, quarter end quote the best friendships are those founded on misunderstandings, and the misunderstandings between stalin and fdr were profound and he contributed enormously to the friendship o

grandy thank you so much for being with us sir i want to ask you first about the fact that the world bank of course has announced that they are going to contribute close to a billion dollars half a billion dollars to the or hinder refugee to the government of bangladesh to help with the remains a refugee population that it's not nearly enough considering all that's going on here and the immensity of this crisis right there very important package because it will allow all of us to go beyond this emergency phase and look at education big need for the people here look at hand look at the infrastructure also for the local community they are tremendously impacted one million people in a small difficult land but meanwhile because this is going to take some time we desperately need humanitarian funds to feed people to give them water to or to reinforce the shelter in this monsoon season we have an appeal of about one hundred million dollars issued in jan. very world sympathy for these refugees twenty five percent from that this has to change what impresses here what in the two things that impres

terms of course you can world bank is the world's largest there is a shift in the center of gravity and what we're seeing and what we're talking about are symptoms the the wheel driving force is the the general in the change and the change of the dominant empire and from a russian standpoint the ideal situation for russia was to do a balancing act between east and west. west has rendered impossible so russian orientation is now going to become much closer much more time yes that's correct well kate i'm going to jump in here this is a very nice. segue to what i want to talk about in the second half of the program after a short break we'll continue our discussion on some real news stay with our. i've been saying the numbers mean something they matter the u.s. has over one trillion dollars in debt more than ten thousand dollars fine stamping each day. eighty five percent of the global wealth you long for the old rich eight point six percent market saw thirty percent rise last year from some with four hundred to five hundred three per second per second and it going rose to twenty thousand d