- published: 24 Sep 2016
- views: 166
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The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China.
Taxpayers point the finger of blame at the government and the lack of social change and development evaluations before money is squandered on the hundreds of unfinished projects, or "rotten buildings" as they have come to be known.
According to the Chinese government, China currently has two billion square metres of empty residential space - enough to house 100 million people.
Economists echo the peoples' sentiments with the reason for a potential crash placed squarely on the government's shoulders with its insatiable desire for hyper growth. As a result, a debt crisis is a serious possibility.
But many continue to deny China's seemingly inevitable forecast, including the Chinese premier, Li Keqiang.
"We are fully confident of China's long-term economic growth. As long as we continue to reform and open up, China's economy will not suffer a hard landing," said Keqiang.
Critics, however, remain doubtful - the endless sea of deserted developments standing as evidence of their fears for the future.
"The economy is not getting better; I see that now. The factories are no longer thriving, and salaries have not gone up with our nation's development. It has all changed. How did it come to this? It's terrible," laments former factory worker Meng Shi Jun.
With China adamant that there are no real risks in its future, what can the global economy expect? Will there be ongoing, or even increasing, debt and banking problems?
"China is, by some measures, the biggest economy in the world, and it is very well integrated into the global supply chain - anything that happens in China will have repercussions globally," says Sebastien Marlier of the Economist Intelligence Unit.
The gender pay gap 'non-myth'
Gender equality is a UN sustainable development goal that continues to appear out of reach as the gender pay gap continues to exist in workplaces around the world.
The World Economic Forum has forecast that it will be another 118 years before pay parity is achieved.
Higher positions of management are also part of this inequality scale.
The London Stock Exchange currently only affords seven out of every 100 women a managerial position.
Also in the UK, the pay gap stands at 18 percent between men and women, deepening even further after childbirth.
We speak to Robert Joyce from the Institute for Fiscal Studies about what is causing the gap and what can be done to speed up measures of equality. We also speak with Catherine Hill, director of research at the American Association of University Women about the deniers of gender pay inequality.
More from Counting the Cost on:
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Australia, a vast continent rich in natural resources, is enjoying the longest economic expansion in the developed world - 24 years and counting. Much of that boom was built on exports of commodities like iron ore to China.
China is the country's biggest trading partner, but the Chinese economy is changing from manufacturing to an economy that is more focused on domestic demand.
Chinese buyers are also on the hunt for foreign assets. In early August, Australia blocked two Chinese bidders from buying state-owned power network Ausgrid. Tensions in the South China Sea have also complicated the relationship.
What effect is the overall commodities slump having on Australia's economy and how will it adapt? What is next for Australia and China? And what happens to Australia if the demand from Chinese markets starts to slow down?
We speak to Brendan Rynne, KPMG Australia's chief economist, and discuss the state and the future of Australia's economy.
Also, Yaara Bou Melhem reports from New South Wales on how the sheep and wool industry is making a comeback.
Retirement industry: How old do you have to be before you can stop working?
Japan, the world's third-largest economy, has one of the highest number of elderly citizens on the planet.
Over the next 20 years, the number of people over the age of 75 is expected to make up 30 percent of the population. And that is having a big impact on the economy as well as society in general.
Some companies have already taken matters into their own hands and opted for hi-tech solutions to helping people work beyond retirement age.
And Japan is not the only country encouraging people to work beyond retirement age: Finland makes its population work until the age of 68 before they're able to claim state pension; in Greece, people have to work until 67; and recently, young Germans were told they might have to work until they are 69 years old.
For the past decade, governments across the developing world have been cutting the pension bill by increasing the retirement age; that's because people are living longer and birth rates are declining.
But how will this affect future generations? How old does one now need to be before they can stop working?
We discuss the pensions crisis around the world with Tom McPhail, head of Pensions Research.
Shifting tourism
Egypt's tourism industry is in crisis: The number of foreign tourists fell 46.5 percent year on year in the first quarter of 2016. Tunisia saw tourist arrivals drop over 18 percent in the first quarter of the year, and Turkey's tourism sector contracted sharply in the first three months of 2016.
Portugal and Italy are shaping up to be the biggest winners. In Italy, the number of people visiting this year is already up on a record, and some local authorities are even thinking on limiting tourist access.
"This year, we have seen a shift from ... traditional destinations in the Middle East and in Europe to new destinations in southern Europe. There is no doubt that the attack in Paris and the situation in Egypt, Tunisia and Turkey have made tourists choose [safer] destinations, such as Spain, Portugal and Greece," explains Kinda Chebib, a senior analyst for Euromonitor International in London.
So, what are people looking for when they travel? Will this shift dramatically affect other economies?
We discuss the future of the tourism industry with Chebib.
More from Counting the Cost on:
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Website - http://aljazeera.com/countingthecost/
- published: 03 Sep 2016
- views: 103
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its future.
Ever since the financial crisis in 2008, central banks have been trying to plug monetary holes - pumping trillions of dollars into the global financial system.
Among other measures, a growing number of central banks around the world have cut key interest rates below zero, which means that commercial banks have to pay to keep their funds on deposit with a central bank.
Nearly 500 million people are now living in countries with negative interest rates, which are meant to get people spending money and boost economic growth. But a recent in-depth study from Standard and Poor's on the impact of sub-zero interest rates warns that they could have unintended consequences for the global economy and could possibly lead to cash hoarding by consumers.
It also means that the 'have-nots' are not even getting the chance of becoming the 'haves' - creating a wider wealth gap than ever before.
So what is the impact of negative interest rates? And what are the challenges, benefits and longterm consequences?
We talk to Maximilian Kunkel, an investment strategist with UBS, to discuss interest rates, driving economic growth across the globe, and monetary policies in the US.
Also on this episode of Counting the Cost:
EU-nity? Life after Brexit: As European leaders meet on an aircraft carrier off the Italian coast to discuss the future of the EU post-Brexit, it seems that Europe can't wait for the UK to figure out what Brexit means. But how acute is the European problem? And what will happen after Britain's exit? Bernhard Bauhofer, the founder and CEO of Sparring Partners, talks about the European crisis and the impact on EU countries and its people.
Solar rush: Good news from the world of renewable energy: there's new data suggesting we are generating more energy from the sun and winds than ever before. We find out what has changed in the past few years, what's made the difference and how to keep track. Vicente Lopez-Ibor Mayor, from Lightsource Renewable Energy, talks about the latest developments in the renewable energy sector.
Nature and livelihoods on the line: The cloud forests of Costa Rica are being threatened by rising global temperatures and could soon be gone. That's the stark warning from scientists who have studied the region for decades. Andy Gallagher reports from Costa Rica.
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- published: 27 Aug 2016
- views: 1104
As Hillary Clinton and Donald Trump emerge victorious from their respective party conventions, the level of economic power held by whoever will sit in the White House post-Barack Obama is evident. With the world's largest economy and 22% of the world's GDP at their fingertips, both presidential candidates have used the last few weeks to outline their policies, including their unique takes on the future economic agenda of the US.
With a critical responsibility towards job creation and maintaining the current economic growth resultant from the Obama administration, we take a look at what either candidate plans to achieve with their newfound control.
Clinton vows to 'stand up to China' - the country's biggest trade partner - and to do more for American workers' rights, protecting US trade secrets and opposing the Trans-Pacific Partnership (TPP). Income inequality is also high on the democratic nominee's agenda, with plans to help increase middle class incomes. As for Clinton's controversial relationship with Wall Street, a 'risk fee' has been proposed to avoid future crises scenarios, correlating with business or bank size.
During her speech at the final night of the Democractic National Convention (DNC), Clinton spoke to concerns of gender inequality, "If you believe that your working mother, wife, sister or daughter deserves equal pay... join us."
Similarly, Republican nominee Donald Trump is also anti-TPP, going as far as to suggest slapping tariffs on Chinese and even Mexican imports. The tax system will see a major overhaul under a Trump administration, with suggested cuts across the board - especially where corporate tax is concerned, with a new proposed 15% rate.
"America has lost almost one third of its manufacturing jobs since 1997, following the enactment of disastrous trade deals supported by Bill and Hillary Clinton. Remember, it was Bill Clinton who signed NAFTA - one of the worst economic deals ever made by our country, or frankly, any other country," said Trump during his RNC speech.
Megan Greene, director of Manulife Asset Management in Boston, paints a pretty clear picture of the future under either one of the presidential candidates based on their economic policy outlines.
"A few really important elements of Hillary's plan include infrastructure spending, which I think is absolutely necessary to provide a stimulus to the US economy," says Greene.
The same confidence is not echoed in considering a Trump presidency, "One area in which the president will have absolute authority is trade and on this Donald Trump is really clear. He's very isolationist. I think if he were to come to power, we would end up seeing a lot of protectionist measures and actually, I think that could tip the US into a recession, and possibly the globe into a recession."
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- published: 30 Jul 2016
- views: 1174
Last week, Turkey overcame a failed attempted coup and has since seen massive political upheaval.
As President Recep Tayyip Erdogan manages government institutions, with mass detentions, sackings and suspensions sweeping across the country, many question what effect the political instability will have on Turkey's economy.
The Asia-Europe crossroad is hooked on foreign capital, but how will foreign investors feel about deals with a country that has seen countless bombings and ongoing political unrest?
Travel and tourism revenues have already seen a decline as a result of the recent bombings, with the future of the industry at a real risk. This comes at a time where the country's current budget deficit - for example the difference between cost of imports and exports - sits at 4.5 percent and annual growth of the Turkish economy has slowed down to 3.5 percent only this year.
Further to that, the Turkish Lira hit an all-time low in exchange for the US dollar, and US global rating agency Standard & Poor's changed the country's outlook to negative as a result of the coup.
However, in spite of the shake up, Turkish Deputy Prime Minister and former Minister of Finance Mehmet Simsek says the market economy model will not change and that there is confidence in the Turkish economy withstanding the current storm - as it has done in the past.
"The state of emergency, legal authority, will only be used against coup perpetrators and their affiliates. Ordinary life, business life, will continue as usual," says Simsek.
"The commitment is that we will maintain sound, rational macroeconomic policies. We will stick to market economy. There has never been, and will never be, consideration of any other model," he continues. "Why? Because that model served Turkey well. It has done phenomenally well in the past and the Turkish economy has proved itself to be fairly resilient in the face of various shocks."
Nilufer Sezgin, chief economist at IS Asset Management, echoes much of the same sentiment and highlights the fickle nature of short-term portfolio investments as replaceable 'hot money' as opposed to long-term foreign investment, which is less likely to suffer the consequences of the current turmoil.
"Even during the Lehman Brothers crisis that hit entire global credit markets, the Turkish economy did not experience a long-lasting decline in external debt generation or roll-over ratios, so to speak," says Sezgin. "Going forward, we will monitor whether further rating institutions will keep downgrading Turkey or whether they are going to wait and see the actions to be taken and then act accordingly."
But will Turkish economic 'resilience' translate into international confidence?
Also on this episode of Counting the Cost:
Italy's crippling debts: Italy is currently suffering a banking crisis that could be the next big threat to the Eurozone post-Brexit. Italian banks are crippled with bad loans, totalling $395bn (360bn Euros), or what amounts to almost one-fifth of the country's GDP.
Italy's government is looking at resolving the issue by buying out the bad loans held by Italy's largest - and the world's oldest - bank, Banca Monte dei Paschi di Siena, using state and private money.
However, the EU has changed bailout rules, now claiming that taxpayer-funded bailouts are no longer allowed. A bail-in is what is now required, with bond holders and investors taking the first hit.
With loop holes in the interpretation of the EU rules, and no confirmed feedback as to resolving the debt crisis, how will Italy proceed? We speak to Alberto Gallo, head of macro strategies at London-based hedge fund Algebris.
Iran's new business hub: Kish Island, 19 kilometres off the Iranian coast in the Gulf, is gearing up to become one of Iran's newest international business hubs post the historic nuclear deal.
As sanctions are lifted, Kish Island - a free-trade zone and already experiencing a footfall of a million visitors annually to its duty-free zones - is positioning itself as a haven for foreign investors who can finally enter the Iranian market, free from the rules and regulations of the mainland.
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- published: 23 Jul 2016
- views: 23
The outcome of the EU referendum in Britain didn't just shake-up the United Kingdom, it also brought great uncertainty to the global markets.
The impact of the Brexit vote is becoming more and more apparent, and there is no telling when or where it might end.
Counting the Cost is back on the trail of Brexit again this week, looking at where the money is moving around the world and why.
Gold is strong (it has gone up by more than 25 percent this year) and so is the US dollar. Government bonds - even with their low returns - are looking favourable too. And it's all because of the huge uncertainty that the Brexit vote has thrown up.
The governor of the Bank of England, Mark Carney, has unveiled a plan to allow banks to release almost $200bn in funds to lend to home buyers and businesses, but he also warned there is a limit to what his organisation can do to ease the economic uncertainty.
"The UK has entered a period of uncertainty and significant economic adjustment, the efforts of the Bank of England will not be able to fully and immediately offset the market and economic volatility that can be expected while this adjustment proceeds," Mark Carney said.
So what is next for the UK and the world? Are we at the edge of a global recession?
Our guest Russell Jones from economics firm Llewellyn Consulting says he is more nervous about the economic outlook now, that he was back in 2008 when the financial crisis hit. So, is it all the start of more bad news for the global economy?
Uncertainty at India's Reserve Bank
In uncertain times, Central Banks have an important role to play in keeping the economy on track, and India's Raghuram Rajan is regarded as one of the world's most impressive central bankers.
He has been credited with bringing stability to India's economy since his appointment as the Reserve Bank of India's head in 2013. But he has also faced criticism from a faction within President Narendra Modi's ruling party for keeping interest rates high, and over a perception that he has started to stray into politics.
He has announced that he will step down, so what's next to India's economic path, and was Raghuram Rajan as effective to India's economy?
Faiz Jamil investigates for Counting the Cost and we talk to Rajiv Biswas, Asia-Pacific chief economist at HIS.
Global Entrepreneurship Summit 2016
Hosted by the White House and US State Department, and held at Stanford University in Palo Alto, the Global Entrepreneurship summit (GES) 2016 aimed to bring together hundreds of entrepreneurs and investors from all over the world - putting all the right people in the right place to make business opportunities happen.
Kamahl Santamaria and reporter Tarek Bazley take us around the summit to meet some of the people looking for their big break.
Kamahl also interviews Maria Contreras-Sweet, the administrator of the US Small Business Administration, about the challenges and inequalities that exist in the entrepreneurship world, and he visits the garage in Los Altos where 40 years ago, Steve Jobs founded the company we now know as Apple.
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Website - http://aljazeera.com/countingthecost/
- published: 09 Jul 2016
- views: 206
We explore the reasons behind the steady collapse of the steel economy, from China to Britain's oldest plant.
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- published: 16 Apr 2016
- views: 4983
With dire food shortages, hyperinflation and chronic power outages, Venezuela's economic crisis has gone "from bad to worse to horrific."
With oil accounting for 95 percent of Venezuela's export earnings, plummeting world prices have sent the South American economy reeling towards collapse: People are going hungry, inflation has spiralled out of control, the military is patrolling supermarkets to keep order amid rising anger, basic raw materials and supplies have run out, and factories are shutting down.
According to the World Bank, Venezuela now ranks so low on the list of countries to do business with, it surpasses only Libya, Eritrea and South Sudan.
President Nicolas Maduro has turned to selling Venezuela's gold, slashing imports. According to the IMF, the country's gold reserves have dropped almost a third over the past year. So far Maduro has prioritised the payment of international debts to prevent an outright default.
Meanwhile Venezuelans are struggling to feed their children, with an alarming consequence - malnutrition is at an all-time high, with the majority of school children not receiving the recommended dose of nutrients for healthy growth and function.
Three years after the death of charismatic Hugo Chavez, the popular leader's Bolivarian Revolution is being blamed for failing Venezuela.
So why is nothing being done to stop Venezuela's slide? Can Venezuela turn its failing political ideology from attempting to control society into empowering its people to resolve the crisis?
We talk to Ruth Krivoy, the former president of the Venezuelan Central Bank; and Ricardo Hausmann, the director of the Centre for International Development at the Harvard School of Government, about how Venezuela fell into crisis.
China on top: Forbes Global 2000
The annual list of the world's largest and most influential companies featured a few surprising names, including American banks in the top 15 - a far cry from the dark days of the credit crisis. Chinese companies- in particular the banks - dominate the top 10, in spite of a 'slowing' Chinese economy.
Technically, China remains a communist country - however, it has clearly embraced capitalism and its continuous economic 'balance' is owed, somewhat, to its new relationship with brands as opposed to remaining purely a production powerhouse as it has been known in the past.
But what is the actual power of a Chinese bank brand and how does this translate - if at all - to an international consumer base?
We talk to Robert Haigh, the marketing director of Brand Finance, about the real value of a brand in 2016, and what that's worth to their home countries.
Also on Counting the Cost:
Cuba: The country is legalising small and medium-sized businesses in order to kickstart the economy; but will Cuban tech entrepreneurs be given the same liberties?
A win-win situation in Vietnam: US President Barack Obama lifts the arms embargo on Vietnam during a three-day visit - but the real partnership begins and ends with trade agreements.
Monster merger: German Bayer, the world's second-largest crop chemical producer, has placed the world's largest ever all-cash bid on Monsanto, the world's biggest supplier of genetically-modified seed. This has been rejected by Monsanto, but what does a potential future merger mean for the global agriculture industry?
More from Counting the Cost on:
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Website - http://aljazeera.com/countingthecost/
- published: 28 May 2016
- views: 32382
In an attempt to tackle the global oil crisis, OPEC and non-OPEC oil producers held an extraordinary oil summit in Doha, Qatar's capital, last week.
With the oil price still low and the market heavily oversupplied, 20 oil and energy ministers were trying to find a consensus on a way forward. But they failed to do so and the summit turned out to be more about regional rivalries than about finding a solution to low oil prices.
Mohammed Bin Saleh al-Sada, the Qatari energy minister, said after the meeting:
"The meeting concluded that we all need time for further consultation..."
In the end, Saudi Arabia wasn't going to agree to a freeze in production without the participation of Iran, meaning a deal was almost impossible from the outset.
So with nothing changing in Doha, the oversupply will most likely continue and the oil price will unlikely recover.
Why did the Doha meeting fail? Who are the major players in the game of oil?
Counting the Cost takes a look at where the global oil industry stands right now - from Doha and Saudi Arabia to Oklahoma, and to Azerbaijan. We talk to Spencer Welch, Oil markets and Downstream, IHS, about the game of oil, the Doha meeting and the issues behind it.
Also on Counting the Cost, we examine the Google anti-trust charges, the smartphone business and the undeniable truth that these devices are starting to run our lives. Georgios Petropoulos from Bruegel think-tank discusses Google's position in the market and David Richards, the CEO and co-founder of WANDISCO, talks about the mobile revolution and the future of the smartphone business.
And, the hunt for better trade routes: Arctic ice reached a record low for a second consecutive winter, so China is looking to exploit the Northwest Passage, the fabled shortcut through the Arctic circle. Along with a new economic corridor through Pakistan it's the Silk Road 21st century style.
More from Counting the Cost on:
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Website - http://aljazeera.com/countingthecost/
- published: 24 Apr 2016
- views: 9066
When Turkey shot down a Russian military jet last November, business ties between the two countries hit rocky terrain, with Russia slapping trade sanctions on Turkey.
However, it seems all is now forgiven as President Recep Tayyip Erdogan and Vladimir Putin meet in St Petersburg to revive business relations - something both countries are keen to do as they both face unique sets of economic challenges and slowdowns.
Sanctions on Turkey's tourism, construction and food export industries are now set to be gradually phased out, Russian package tours will no longer face suspension and two major join energy projects will be unfrozen as part of the renewed relationship.
Where Turkey is concerned, a 41% drop in international arrivals - prior to the attempted coup - has proven detrimental to the tourism industry. Assurances were made to foreign investors post-attempted coup, legislation to create a sovereign wealth fund has been proposed and younger Turks are now being forced to pay into a private pension to improve on their savings, all in a bid to rescue Turkey's troubled economy.
Many, like CEO of Limak Holdings Ebru Ozdemir, are positive about the future.
"Last year Turkey broke its own record in foreign direct investments," says Ozdemir. "We hit $16 billion and this year we want to break this again - we want to go even higher."
But the general consensus is very much in favour of Turkish and Russian relations being back on track, especially where mutual benefits are concerned.
"Turkey needs Russian gas and Russia needs Turkish produce, beaches and warmer weather," says Bulent Gultekin, professor of finance at Pennsylvania University. "There's a perfect complimentarity between the two countries."
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- published: 13 Aug 2016
- views: 5295
Documentary film
A documentary film is a nonfictional motion picture intended to document some aspect of reality, primarily for the purposes of instruction or maintaining a historical record. Such films were originally shot on film stock—the only medium available—but now include video and digital productions that can be either direct-to-video, made into a TV show or released for screening in cinemas. "Documentary" has been described as a "filmmaking practice, a cinematic tradition, and mode of audience reception" that is continually evolving and is without clear boundaries.
Defining documentary
In popular myth, the word documentary was coined by Scottish documentarian John Grierson in his review of Robert Flaherty's film Moana (1926), published in the New York Sun on 8 February 1926, written by "The Moviegoer" (a pen name for Grierson).
Grierson's principles of documentary were that cinema's potential for observing life could be exploited in a new art form; that the "original" actor and "original" scene are better guides than their fiction counterparts to interpreting the modern world; and that materials "thus taken from the raw" can be more real than the acted article. In this regard, Grierson's definition of documentary as "creative treatment of actuality" has gained some acceptance, with this position at variance with Soviet film-maker Dziga Vertov's provocation to present "life as it is" (that is, life filmed surreptitiously) and "life caught unawares" (life provoked or surprised by the camera).
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Documentary_film
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
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26:01China in debt - Counting the Cost
China in debt - Counting the CostChina in debt - Counting the Cost
The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China. Taxpayers point the finger of blame at the government and the lack of social change and development evaluations before money is squandered on the hundreds of unfinished projects, or "rotten buildings" as they have come to be known. According to the Chinese government, China currently has two billion square metres of empty residential space - enough to house 100 million people. Economists echo the peoples' sentiments with the reason for a potential crash placed squarely on the government's shoulders with its insatiable desire for hyper growth. As a result, a debt crisis is a serious possibility. But many continue to deny China's seemingly inevitable forecast, including the Chinese premier, Li Keqiang. "We are fully confident of China's long-term economic growth. As long as we continue to reform and open up, China's economy will not suffer a hard landing," said Keqiang. Critics, however, remain doubtful - the endless sea of deserted developments standing as evidence of their fears for the future. "The economy is not getting better; I see that now. The factories are no longer thriving, and salaries have not gone up with our nation's development. It has all changed. How did it come to this? It's terrible," laments former factory worker Meng Shi Jun. With China adamant that there are no real risks in its future, what can the global economy expect? Will there be ongoing, or even increasing, debt and banking problems? "China is, by some measures, the biggest economy in the world, and it is very well integrated into the global supply chain - anything that happens in China will have repercussions globally," says Sebastien Marlier of the Economist Intelligence Unit. The gender pay gap 'non-myth' Gender equality is a UN sustainable development goal that continues to appear out of reach as the gender pay gap continues to exist in workplaces around the world. The World Economic Forum has forecast that it will be another 118 years before pay parity is achieved. Higher positions of management are also part of this inequality scale. The London Stock Exchange currently only affords seven out of every 100 women a managerial position. Also in the UK, the pay gap stands at 18 percent between men and women, deepening even further after childbirth. We speak to Robert Joyce from the Institute for Fiscal Studies about what is causing the gap and what can be done to speed up measures of equality. We also speak with Catherine Hill, director of research at the American Association of University Women about the deniers of gender pay inequality. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
25:56Australia and China: Turning the page - Counting the Cost
Australia and China: Turning the page - Counting the CostAustralia and China: Turning the page - Counting the Cost
Australia, a vast continent rich in natural resources, is enjoying the longest economic expansion in the developed world - 24 years and counting. Much of that boom was built on exports of commodities like iron ore to China. China is the country's biggest trading partner, but the Chinese economy is changing from manufacturing to an economy that is more focused on domestic demand. Chinese buyers are also on the hunt for foreign assets. In early August, Australia blocked two Chinese bidders from buying state-owned power network Ausgrid. Tensions in the South China Sea have also complicated the relationship. What effect is the overall commodities slump having on Australia's economy and how will it adapt? What is next for Australia and China? And what happens to Australia if the demand from Chinese markets starts to slow down? We speak to Brendan Rynne, KPMG Australia's chief economist, and discuss the state and the future of Australia's economy. Also, Yaara Bou Melhem reports from New South Wales on how the sheep and wool industry is making a comeback. Retirement industry: How old do you have to be before you can stop working? Japan, the world's third-largest economy, has one of the highest number of elderly citizens on the planet. Over the next 20 years, the number of people over the age of 75 is expected to make up 30 percent of the population. And that is having a big impact on the economy as well as society in general. Some companies have already taken matters into their own hands and opted for hi-tech solutions to helping people work beyond retirement age. And Japan is not the only country encouraging people to work beyond retirement age: Finland makes its population work until the age of 68 before they're able to claim state pension; in Greece, people have to work until 67; and recently, young Germans were told they might have to work until they are 69 years old. For the past decade, governments across the developing world have been cutting the pension bill by increasing the retirement age; that's because people are living longer and birth rates are declining. But how will this affect future generations? How old does one now need to be before they can stop working? We discuss the pensions crisis around the world with Tom McPhail, head of Pensions Research. Shifting tourism Egypt's tourism industry is in crisis: The number of foreign tourists fell 46.5 percent year on year in the first quarter of 2016. Tunisia saw tourist arrivals drop over 18 percent in the first quarter of the year, and Turkey's tourism sector contracted sharply in the first three months of 2016. Portugal and Italy are shaping up to be the biggest winners. In Italy, the number of people visiting this year is already up on a record, and some local authorities are even thinking on limiting tourist access. "This year, we have seen a shift from ... traditional destinations in the Middle East and in Europe to new destinations in southern Europe. There is no doubt that the attack in Paris and the situation in Egypt, Tunisia and Turkey have made tourists choose [safer] destinations, such as Spain, Portugal and Greece," explains Kinda Chebib, a senior analyst for Euromonitor International in London. So, what are people looking for when they travel? Will this shift dramatically affect other economies? We discuss the future of the tourism industry with Chebib. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
26:01Inside the murky world of negative interest rates - Counting the Cost
Inside the murky world of negative interest rates - Counting the CostInside the murky world of negative interest rates - Counting the Cost
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its future. Ever since the financial crisis in 2008, central banks have been trying to plug monetary holes - pumping trillions of dollars into the global financial system. Among other measures, a growing number of central banks around the world have cut key interest rates below zero, which means that commercial banks have to pay to keep their funds on deposit with a central bank. Nearly 500 million people are now living in countries with negative interest rates, which are meant to get people spending money and boost economic growth. But a recent in-depth study from Standard and Poor's on the impact of sub-zero interest rates warns that they could have unintended consequences for the global economy and could possibly lead to cash hoarding by consumers. It also means that the 'have-nots' are not even getting the chance of becoming the 'haves' - creating a wider wealth gap than ever before. So what is the impact of negative interest rates? And what are the challenges, benefits and longterm consequences? We talk to Maximilian Kunkel, an investment strategist with UBS, to discuss interest rates, driving economic growth across the globe, and monetary policies in the US. Also on this episode of Counting the Cost: EU-nity? Life after Brexit: As European leaders meet on an aircraft carrier off the Italian coast to discuss the future of the EU post-Brexit, it seems that Europe can't wait for the UK to figure out what Brexit means. But how acute is the European problem? And what will happen after Britain's exit? Bernhard Bauhofer, the founder and CEO of Sparring Partners, talks about the European crisis and the impact on EU countries and its people. Solar rush: Good news from the world of renewable energy: there's new data suggesting we are generating more energy from the sun and winds than ever before. We find out what has changed in the past few years, what's made the difference and how to keep track. Vicente Lopez-Ibor Mayor, from Lightsource Renewable Energy, talks about the latest developments in the renewable energy sector. Nature and livelihoods on the line: The cloud forests of Costa Rica are being threatened by rising global temperatures and could soon be gone. That's the stark warning from scientists who have studied the region for decades. Andy Gallagher reports from Costa Rica. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/ -
26:01The most powerful economic job in the world - Counting the Cost
The most powerful economic job in the world - Counting the CostThe most powerful economic job in the world - Counting the Cost
As Hillary Clinton and Donald Trump emerge victorious from their respective party conventions, the level of economic power held by whoever will sit in the White House post-Barack Obama is evident. With the world's largest economy and 22% of the world's GDP at their fingertips, both presidential candidates have used the last few weeks to outline their policies, including their unique takes on the future economic agenda of the US. With a critical responsibility towards job creation and maintaining the current economic growth resultant from the Obama administration, we take a look at what either candidate plans to achieve with their newfound control. Clinton vows to 'stand up to China' - the country's biggest trade partner - and to do more for American workers' rights, protecting US trade secrets and opposing the Trans-Pacific Partnership (TPP). Income inequality is also high on the democratic nominee's agenda, with plans to help increase middle class incomes. As for Clinton's controversial relationship with Wall Street, a 'risk fee' has been proposed to avoid future crises scenarios, correlating with business or bank size. During her speech at the final night of the Democractic National Convention (DNC), Clinton spoke to concerns of gender inequality, "If you believe that your working mother, wife, sister or daughter deserves equal pay... join us." Similarly, Republican nominee Donald Trump is also anti-TPP, going as far as to suggest slapping tariffs on Chinese and even Mexican imports. The tax system will see a major overhaul under a Trump administration, with suggested cuts across the board - especially where corporate tax is concerned, with a new proposed 15% rate. "America has lost almost one third of its manufacturing jobs since 1997, following the enactment of disastrous trade deals supported by Bill and Hillary Clinton. Remember, it was Bill Clinton who signed NAFTA - one of the worst economic deals ever made by our country, or frankly, any other country," said Trump during his RNC speech. Megan Greene, director of Manulife Asset Management in Boston, paints a pretty clear picture of the future under either one of the presidential candidates based on their economic policy outlines. "A few really important elements of Hillary's plan include infrastructure spending, which I think is absolutely necessary to provide a stimulus to the US economy," says Greene. The same confidence is not echoed in considering a Trump presidency, "One area in which the president will have absolute authority is trade and on this Donald Trump is really clear. He's very isolationist. I think if he were to come to power, we would end up seeing a lot of protectionist measures and actually, I think that could tip the US into a recession, and possibly the globe into a recession." More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
25:01Turkey's economy after the coup - Counting the Cost
Turkey's economy after the coup - Counting the CostTurkey's economy after the coup - Counting the Cost
Last week, Turkey overcame a failed attempted coup and has since seen massive political upheaval. As President Recep Tayyip Erdogan manages government institutions, with mass detentions, sackings and suspensions sweeping across the country, many question what effect the political instability will have on Turkey's economy. The Asia-Europe crossroad is hooked on foreign capital, but how will foreign investors feel about deals with a country that has seen countless bombings and ongoing political unrest? Travel and tourism revenues have already seen a decline as a result of the recent bombings, with the future of the industry at a real risk. This comes at a time where the country's current budget deficit - for example the difference between cost of imports and exports - sits at 4.5 percent and annual growth of the Turkish economy has slowed down to 3.5 percent only this year. Further to that, the Turkish Lira hit an all-time low in exchange for the US dollar, and US global rating agency Standard & Poor's changed the country's outlook to negative as a result of the coup. However, in spite of the shake up, Turkish Deputy Prime Minister and former Minister of Finance Mehmet Simsek says the market economy model will not change and that there is confidence in the Turkish economy withstanding the current storm - as it has done in the past. "The state of emergency, legal authority, will only be used against coup perpetrators and their affiliates. Ordinary life, business life, will continue as usual," says Simsek. "The commitment is that we will maintain sound, rational macroeconomic policies. We will stick to market economy. There has never been, and will never be, consideration of any other model," he continues. "Why? Because that model served Turkey well. It has done phenomenally well in the past and the Turkish economy has proved itself to be fairly resilient in the face of various shocks." Nilufer Sezgin, chief economist at IS Asset Management, echoes much of the same sentiment and highlights the fickle nature of short-term portfolio investments as replaceable 'hot money' as opposed to long-term foreign investment, which is less likely to suffer the consequences of the current turmoil. "Even during the Lehman Brothers crisis that hit entire global credit markets, the Turkish economy did not experience a long-lasting decline in external debt generation or roll-over ratios, so to speak," says Sezgin. "Going forward, we will monitor whether further rating institutions will keep downgrading Turkey or whether they are going to wait and see the actions to be taken and then act accordingly." But will Turkish economic 'resilience' translate into international confidence? Also on this episode of Counting the Cost: Italy's crippling debts: Italy is currently suffering a banking crisis that could be the next big threat to the Eurozone post-Brexit. Italian banks are crippled with bad loans, totalling $395bn (360bn Euros), or what amounts to almost one-fifth of the country's GDP. Italy's government is looking at resolving the issue by buying out the bad loans held by Italy's largest - and the world's oldest - bank, Banca Monte dei Paschi di Siena, using state and private money. However, the EU has changed bailout rules, now claiming that taxpayer-funded bailouts are no longer allowed. A bail-in is what is now required, with bond holders and investors taking the first hit. With loop holes in the interpretation of the EU rules, and no confirmed feedback as to resolving the debt crisis, how will Italy proceed? We speak to Alberto Gallo, head of macro strategies at London-based hedge fund Algebris. Iran's new business hub: Kish Island, 19 kilometres off the Iranian coast in the Gulf, is gearing up to become one of Iran's newest international business hubs post the historic nuclear deal. As sanctions are lifted, Kish Island - a free-trade zone and already experiencing a footfall of a million visitors annually to its duty-free zones - is positioning itself as a haven for foreign investors who can finally enter the Iranian market, free from the rules and regulations of the mainland. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
26:01Brexit fallout: The global economic impact - Counting the Cost
Brexit fallout: The global economic impact - Counting the CostBrexit fallout: The global economic impact - Counting the Cost
The outcome of the EU referendum in Britain didn't just shake-up the United Kingdom, it also brought great uncertainty to the global markets. The impact of the Brexit vote is becoming more and more apparent, and there is no telling when or where it might end. Counting the Cost is back on the trail of Brexit again this week, looking at where the money is moving around the world and why. Gold is strong (it has gone up by more than 25 percent this year) and so is the US dollar. Government bonds - even with their low returns - are looking favourable too. And it's all because of the huge uncertainty that the Brexit vote has thrown up. The governor of the Bank of England, Mark Carney, has unveiled a plan to allow banks to release almost $200bn in funds to lend to home buyers and businesses, but he also warned there is a limit to what his organisation can do to ease the economic uncertainty. "The UK has entered a period of uncertainty and significant economic adjustment, the efforts of the Bank of England will not be able to fully and immediately offset the market and economic volatility that can be expected while this adjustment proceeds," Mark Carney said. So what is next for the UK and the world? Are we at the edge of a global recession? Our guest Russell Jones from economics firm Llewellyn Consulting says he is more nervous about the economic outlook now, that he was back in 2008 when the financial crisis hit. So, is it all the start of more bad news for the global economy? Uncertainty at India's Reserve Bank In uncertain times, Central Banks have an important role to play in keeping the economy on track, and India's Raghuram Rajan is regarded as one of the world's most impressive central bankers. He has been credited with bringing stability to India's economy since his appointment as the Reserve Bank of India's head in 2013. But he has also faced criticism from a faction within President Narendra Modi's ruling party for keeping interest rates high, and over a perception that he has started to stray into politics. He has announced that he will step down, so what's next to India's economic path, and was Raghuram Rajan as effective to India's economy? Faiz Jamil investigates for Counting the Cost and we talk to Rajiv Biswas, Asia-Pacific chief economist at HIS. Global Entrepreneurship Summit 2016 Hosted by the White House and US State Department, and held at Stanford University in Palo Alto, the Global Entrepreneurship summit (GES) 2016 aimed to bring together hundreds of entrepreneurs and investors from all over the world - putting all the right people in the right place to make business opportunities happen. Kamahl Santamaria and reporter Tarek Bazley take us around the summit to meet some of the people looking for their big break. Kamahl also interviews Maria Contreras-Sweet, the administrator of the US Small Business Administration, about the challenges and inequalities that exist in the entrepreneurship world, and he visits the garage in Los Altos where 40 years ago, Steve Jobs founded the company we now know as Apple. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
25:46The global steel industry: What's behind the downturn? - Counting the Cost
The global steel industry: What's behind the downturn? - Counting the CostThe global steel industry: What's behind the downturn? - Counting the Cost
We explore the reasons behind the steady collapse of the steel economy, from China to Britain's oldest plant. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
25:01Behind Venezuela's looming collapse - Counting the Cost
Behind Venezuela's looming collapse - Counting the CostBehind Venezuela's looming collapse - Counting the Cost
With dire food shortages, hyperinflation and chronic power outages, Venezuela's economic crisis has gone "from bad to worse to horrific." With oil accounting for 95 percent of Venezuela's export earnings, plummeting world prices have sent the South American economy reeling towards collapse: People are going hungry, inflation has spiralled out of control, the military is patrolling supermarkets to keep order amid rising anger, basic raw materials and supplies have run out, and factories are shutting down. According to the World Bank, Venezuela now ranks so low on the list of countries to do business with, it surpasses only Libya, Eritrea and South Sudan. President Nicolas Maduro has turned to selling Venezuela's gold, slashing imports. According to the IMF, the country's gold reserves have dropped almost a third over the past year. So far Maduro has prioritised the payment of international debts to prevent an outright default. Meanwhile Venezuelans are struggling to feed their children, with an alarming consequence - malnutrition is at an all-time high, with the majority of school children not receiving the recommended dose of nutrients for healthy growth and function. Three years after the death of charismatic Hugo Chavez, the popular leader's Bolivarian Revolution is being blamed for failing Venezuela. So why is nothing being done to stop Venezuela's slide? Can Venezuela turn its failing political ideology from attempting to control society into empowering its people to resolve the crisis? We talk to Ruth Krivoy, the former president of the Venezuelan Central Bank; and Ricardo Hausmann, the director of the Centre for International Development at the Harvard School of Government, about how Venezuela fell into crisis. China on top: Forbes Global 2000 The annual list of the world's largest and most influential companies featured a few surprising names, including American banks in the top 15 - a far cry from the dark days of the credit crisis. Chinese companies- in particular the banks - dominate the top 10, in spite of a 'slowing' Chinese economy. Technically, China remains a communist country - however, it has clearly embraced capitalism and its continuous economic 'balance' is owed, somewhat, to its new relationship with brands as opposed to remaining purely a production powerhouse as it has been known in the past. But what is the actual power of a Chinese bank brand and how does this translate - if at all - to an international consumer base? We talk to Robert Haigh, the marketing director of Brand Finance, about the real value of a brand in 2016, and what that's worth to their home countries. Also on Counting the Cost: Cuba: The country is legalising small and medium-sized businesses in order to kickstart the economy; but will Cuban tech entrepreneurs be given the same liberties? A win-win situation in Vietnam: US President Barack Obama lifts the arms embargo on Vietnam during a three-day visit - but the real partnership begins and ends with trade agreements. Monster merger: German Bayer, the world's second-largest crop chemical producer, has placed the world's largest ever all-cash bid on Monsanto, the world's biggest supplier of genetically-modified seed. This has been rejected by Monsanto, but what does a potential future merger mean for the global agriculture industry? More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
25:01Crude power: The oil game uncovered - Counting the Cost
Crude power: The oil game uncovered - Counting the CostCrude power: The oil game uncovered - Counting the Cost
In an attempt to tackle the global oil crisis, OPEC and non-OPEC oil producers held an extraordinary oil summit in Doha, Qatar's capital, last week. With the oil price still low and the market heavily oversupplied, 20 oil and energy ministers were trying to find a consensus on a way forward. But they failed to do so and the summit turned out to be more about regional rivalries than about finding a solution to low oil prices. Mohammed Bin Saleh al-Sada, the Qatari energy minister, said after the meeting: "The meeting concluded that we all need time for further consultation..." In the end, Saudi Arabia wasn't going to agree to a freeze in production without the participation of Iran, meaning a deal was almost impossible from the outset. So with nothing changing in Doha, the oversupply will most likely continue and the oil price will unlikely recover. Why did the Doha meeting fail? Who are the major players in the game of oil? Counting the Cost takes a look at where the global oil industry stands right now - from Doha and Saudi Arabia to Oklahoma, and to Azerbaijan. We talk to Spencer Welch, Oil markets and Downstream, IHS, about the game of oil, the Doha meeting and the issues behind it. Also on Counting the Cost, we examine the Google anti-trust charges, the smartphone business and the undeniable truth that these devices are starting to run our lives. Georgios Petropoulos from Bruegel think-tank discusses Google's position in the market and David Richards, the CEO and co-founder of WANDISCO, talks about the mobile revolution and the future of the smartphone business. And, the hunt for better trade routes: Arctic ice reached a record low for a second consecutive winter, so China is looking to exploit the Northwest Passage, the fabled shortcut through the Arctic circle. Along with a new economic corridor through Pakistan it's the Silk Road 21st century style. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
25:12Turkey and Russia: The billion dollar handshake - Counting the Cost
Turkey and Russia: The billion dollar handshake - Counting the CostTurkey and Russia: The billion dollar handshake - Counting the Cost
When Turkey shot down a Russian military jet last November, business ties between the two countries hit rocky terrain, with Russia slapping trade sanctions on Turkey. However, it seems all is now forgiven as President Recep Tayyip Erdogan and Vladimir Putin meet in St Petersburg to revive business relations - something both countries are keen to do as they both face unique sets of economic challenges and slowdowns. Sanctions on Turkey's tourism, construction and food export industries are now set to be gradually phased out, Russian package tours will no longer face suspension and two major join energy projects will be unfrozen as part of the renewed relationship. Where Turkey is concerned, a 41% drop in international arrivals - prior to the attempted coup - has proven detrimental to the tourism industry. Assurances were made to foreign investors post-attempted coup, legislation to create a sovereign wealth fund has been proposed and younger Turks are now being forced to pay into a private pension to improve on their savings, all in a bid to rescue Turkey's troubled economy. Many, like CEO of Limak Holdings Ebru Ozdemir, are positive about the future. "Last year Turkey broke its own record in foreign direct investments," says Ozdemir. "We hit $16 billion and this year we want to break this again - we want to go even higher." But the general consensus is very much in favour of Turkish and Russian relations being back on track, especially where mutual benefits are concerned. "Turkey needs Russian gas and Russia needs Turkish produce, beaches and warmer weather," says Bulent Gultekin, professor of finance at Pennsylvania University. "There's a perfect complimentarity between the two countries." More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
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China in debt - Counting the Cost
The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China. Taxpayers point the finger of blame at the government and the lack of social change and development evaluations before money is squandered on the hundreds of unfinished projects, or "rotten buildings" as they have come to be known. According to the Chinese government, China currently has two billion square metres of empty residential space - enough to house 100 million people. Economists echo the peoples' sentiments with the reason for a potential crash placed squarely on the government's shoulders with its ...
published: 24 Sep 2016 -
Australia and China: Turning the page - Counting the Cost
Australia, a vast continent rich in natural resources, is enjoying the longest economic expansion in the developed world - 24 years and counting. Much of that boom was built on exports of commodities like iron ore to China. China is the country's biggest trading partner, but the Chinese economy is changing from manufacturing to an economy that is more focused on domestic demand. Chinese buyers are also on the hunt for foreign assets. In early August, Australia blocked two Chinese bidders from buying state-owned power network Ausgrid. Tensions in the South China Sea have also complicated the relationship. What effect is the overall commodities slump having on Australia's economy and how will it adapt? What is next for Australia and China? And what happens to Australia if the demand from ...
published: 03 Sep 2016 -
Inside the murky world of negative interest rates - Counting the Cost
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its future. Ever since the financial crisis in 2008, central banks have been trying to plug monetary holes - pumping trillions of dollars into the global financial system. Among other measures, a growing number of central banks around the world have cut key interest rates below zero, which means that commercial banks have to pay to keep their funds on deposit with a central bank. Nearly 500 million people are now living in countries with negative interest rates, which are meant to get people spending money and boost economic growth. But a recent in-depth study from Standard and Poor's on the impact of sub-zero interest rates warns that they ...
published: 27 Aug 2016 -
The most powerful economic job in the world - Counting the Cost
As Hillary Clinton and Donald Trump emerge victorious from their respective party conventions, the level of economic power held by whoever will sit in the White House post-Barack Obama is evident. With the world's largest economy and 22% of the world's GDP at their fingertips, both presidential candidates have used the last few weeks to outline their policies, including their unique takes on the future economic agenda of the US. With a critical responsibility towards job creation and maintaining the current economic growth resultant from the Obama administration, we take a look at what either candidate plans to achieve with their newfound control. Clinton vows to 'stand up to China' - the country's biggest trade partner - and to do more for American workers' rights, protecting US trade s...
published: 30 Jul 2016 -
Turkey's economy after the coup - Counting the Cost
Last week, Turkey overcame a failed attempted coup and has since seen massive political upheaval. As President Recep Tayyip Erdogan manages government institutions, with mass detentions, sackings and suspensions sweeping across the country, many question what effect the political instability will have on Turkey's economy. The Asia-Europe crossroad is hooked on foreign capital, but how will foreign investors feel about deals with a country that has seen countless bombings and ongoing political unrest? Travel and tourism revenues have already seen a decline as a result of the recent bombings, with the future of the industry at a real risk. This comes at a time where the country's current budget deficit - for example the difference between cost of imports and exports - sits at 4.5 percent ...
published: 23 Jul 2016 -
Brexit fallout: The global economic impact - Counting the Cost
The outcome of the EU referendum in Britain didn't just shake-up the United Kingdom, it also brought great uncertainty to the global markets. The impact of the Brexit vote is becoming more and more apparent, and there is no telling when or where it might end. Counting the Cost is back on the trail of Brexit again this week, looking at where the money is moving around the world and why. Gold is strong (it has gone up by more than 25 percent this year) and so is the US dollar. Government bonds - even with their low returns - are looking favourable too. And it's all because of the huge uncertainty that the Brexit vote has thrown up. The governor of the Bank of England, Mark Carney, has unveiled a plan to allow banks to release almost $200bn in funds to lend to home buyers and businesses, ...
published: 09 Jul 2016 -
The global steel industry: What's behind the downturn? - Counting the Cost
We explore the reasons behind the steady collapse of the steel economy, from China to Britain's oldest plant. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
published: 16 Apr 2016 -
Behind Venezuela's looming collapse - Counting the Cost
With dire food shortages, hyperinflation and chronic power outages, Venezuela's economic crisis has gone "from bad to worse to horrific." With oil accounting for 95 percent of Venezuela's export earnings, plummeting world prices have sent the South American economy reeling towards collapse: People are going hungry, inflation has spiralled out of control, the military is patrolling supermarkets to keep order amid rising anger, basic raw materials and supplies have run out, and factories are shutting down. According to the World Bank, Venezuela now ranks so low on the list of countries to do business with, it surpasses only Libya, Eritrea and South Sudan. President Nicolas Maduro has turned to selling Venezuela's gold, slashing imports. According to the IMF, the country's gold reserves h...
published: 28 May 2016 -
Crude power: The oil game uncovered - Counting the Cost
In an attempt to tackle the global oil crisis, OPEC and non-OPEC oil producers held an extraordinary oil summit in Doha, Qatar's capital, last week. With the oil price still low and the market heavily oversupplied, 20 oil and energy ministers were trying to find a consensus on a way forward. But they failed to do so and the summit turned out to be more about regional rivalries than about finding a solution to low oil prices. Mohammed Bin Saleh al-Sada, the Qatari energy minister, said after the meeting: "The meeting concluded that we all need time for further consultation..." In the end, Saudi Arabia wasn't going to agree to a freeze in production without the participation of Iran, meaning a deal was almost impossible from the outset. So with nothing changing in Doha, the oversupply ...
published: 24 Apr 2016 -
Turkey and Russia: The billion dollar handshake - Counting the Cost
When Turkey shot down a Russian military jet last November, business ties between the two countries hit rocky terrain, with Russia slapping trade sanctions on Turkey. However, it seems all is now forgiven as President Recep Tayyip Erdogan and Vladimir Putin meet in St Petersburg to revive business relations - something both countries are keen to do as they both face unique sets of economic challenges and slowdowns. Sanctions on Turkey's tourism, construction and food export industries are now set to be gradually phased out, Russian package tours will no longer face suspension and two major join energy projects will be unfrozen as part of the renewed relationship. Where Turkey is concerned, a 41% drop in international arrivals - prior to the attempted coup - has proven detrimental to ...
published: 13 Aug 2016
China in debt - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 24 Sep 2016
- views: 166
The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are caus...
The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China.
Taxpayers point the finger of blame at the government and the lack of social change and development evaluations before money is squandered on the hundreds of unfinished projects, or "rotten buildings" as they have come to be known.
According to the Chinese government, China currently has two billion square metres of empty residential space - enough to house 100 million people.
Economists echo the peoples' sentiments with the reason for a potential crash placed squarely on the government's shoulders with its insatiable desire for hyper growth. As a result, a debt crisis is a serious possibility.
But many continue to deny China's seemingly inevitable forecast, including the Chinese premier, Li Keqiang.
"We are fully confident of China's long-term economic growth. As long as we continue to reform and open up, China's economy will not suffer a hard landing," said Keqiang.
Critics, however, remain doubtful - the endless sea of deserted developments standing as evidence of their fears for the future.
"The economy is not getting better; I see that now. The factories are no longer thriving, and salaries have not gone up with our nation's development. It has all changed. How did it come to this? It's terrible," laments former factory worker Meng Shi Jun.
With China adamant that there are no real risks in its future, what can the global economy expect? Will there be ongoing, or even increasing, debt and banking problems?
"China is, by some measures, the biggest economy in the world, and it is very well integrated into the global supply chain - anything that happens in China will have repercussions globally," says Sebastien Marlier of the Economist Intelligence Unit.
The gender pay gap 'non-myth'
Gender equality is a UN sustainable development goal that continues to appear out of reach as the gender pay gap continues to exist in workplaces around the world.
The World Economic Forum has forecast that it will be another 118 years before pay parity is achieved.
Higher positions of management are also part of this inequality scale.
The London Stock Exchange currently only affords seven out of every 100 women a managerial position.
Also in the UK, the pay gap stands at 18 percent between men and women, deepening even further after childbirth.
We speak to Robert Joyce from the Institute for Fiscal Studies about what is causing the gap and what can be done to speed up measures of equality. We also speak with Catherine Hill, director of research at the American Association of University Women about the deniers of gender pay inequality.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/China In Debt Counting The Cost
The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China.
Taxpayers point the finger of blame at the government and the lack of social change and development evaluations before money is squandered on the hundreds of unfinished projects, or "rotten buildings" as they have come to be known.
According to the Chinese government, China currently has two billion square metres of empty residential space - enough to house 100 million people.
Economists echo the peoples' sentiments with the reason for a potential crash placed squarely on the government's shoulders with its insatiable desire for hyper growth. As a result, a debt crisis is a serious possibility.
But many continue to deny China's seemingly inevitable forecast, including the Chinese premier, Li Keqiang.
"We are fully confident of China's long-term economic growth. As long as we continue to reform and open up, China's economy will not suffer a hard landing," said Keqiang.
Critics, however, remain doubtful - the endless sea of deserted developments standing as evidence of their fears for the future.
"The economy is not getting better; I see that now. The factories are no longer thriving, and salaries have not gone up with our nation's development. It has all changed. How did it come to this? It's terrible," laments former factory worker Meng Shi Jun.
With China adamant that there are no real risks in its future, what can the global economy expect? Will there be ongoing, or even increasing, debt and banking problems?
"China is, by some measures, the biggest economy in the world, and it is very well integrated into the global supply chain - anything that happens in China will have repercussions globally," says Sebastien Marlier of the Economist Intelligence Unit.
The gender pay gap 'non-myth'
Gender equality is a UN sustainable development goal that continues to appear out of reach as the gender pay gap continues to exist in workplaces around the world.
The World Economic Forum has forecast that it will be another 118 years before pay parity is achieved.
Higher positions of management are also part of this inequality scale.
The London Stock Exchange currently only affords seven out of every 100 women a managerial position.
Also in the UK, the pay gap stands at 18 percent between men and women, deepening even further after childbirth.
We speak to Robert Joyce from the Institute for Fiscal Studies about what is causing the gap and what can be done to speed up measures of equality. We also speak with Catherine Hill, director of research at the American Association of University Women about the deniers of gender pay inequality.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 24 Sep 2016
- views: 166
Australia and China: Turning the page - Counting the Cost
- Order: Reorder
- Duration: 25:56
- Updated: 03 Sep 2016
- views: 103
Australia, a vast continent rich in natural resources, is enjoying the longest economic expansion in the developed world - 24 years and counting. Much of that b...
Australia, a vast continent rich in natural resources, is enjoying the longest economic expansion in the developed world - 24 years and counting. Much of that boom was built on exports of commodities like iron ore to China.
China is the country's biggest trading partner, but the Chinese economy is changing from manufacturing to an economy that is more focused on domestic demand.
Chinese buyers are also on the hunt for foreign assets. In early August, Australia blocked two Chinese bidders from buying state-owned power network Ausgrid. Tensions in the South China Sea have also complicated the relationship.
What effect is the overall commodities slump having on Australia's economy and how will it adapt? What is next for Australia and China? And what happens to Australia if the demand from Chinese markets starts to slow down?
We speak to Brendan Rynne, KPMG Australia's chief economist, and discuss the state and the future of Australia's economy.
Also, Yaara Bou Melhem reports from New South Wales on how the sheep and wool industry is making a comeback.
Retirement industry: How old do you have to be before you can stop working?
Japan, the world's third-largest economy, has one of the highest number of elderly citizens on the planet.
Over the next 20 years, the number of people over the age of 75 is expected to make up 30 percent of the population. And that is having a big impact on the economy as well as society in general.
Some companies have already taken matters into their own hands and opted for hi-tech solutions to helping people work beyond retirement age.
And Japan is not the only country encouraging people to work beyond retirement age: Finland makes its population work until the age of 68 before they're able to claim state pension; in Greece, people have to work until 67; and recently, young Germans were told they might have to work until they are 69 years old.
For the past decade, governments across the developing world have been cutting the pension bill by increasing the retirement age; that's because people are living longer and birth rates are declining.
But how will this affect future generations? How old does one now need to be before they can stop working?
We discuss the pensions crisis around the world with Tom McPhail, head of Pensions Research.
Shifting tourism
Egypt's tourism industry is in crisis: The number of foreign tourists fell 46.5 percent year on year in the first quarter of 2016. Tunisia saw tourist arrivals drop over 18 percent in the first quarter of the year, and Turkey's tourism sector contracted sharply in the first three months of 2016.
Portugal and Italy are shaping up to be the biggest winners. In Italy, the number of people visiting this year is already up on a record, and some local authorities are even thinking on limiting tourist access.
"This year, we have seen a shift from ... traditional destinations in the Middle East and in Europe to new destinations in southern Europe. There is no doubt that the attack in Paris and the situation in Egypt, Tunisia and Turkey have made tourists choose [safer] destinations, such as Spain, Portugal and Greece," explains Kinda Chebib, a senior analyst for Euromonitor International in London.
So, what are people looking for when they travel? Will this shift dramatically affect other economies?
We discuss the future of the tourism industry with Chebib.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Australia And China Turning The Page Counting The Cost
Australia, a vast continent rich in natural resources, is enjoying the longest economic expansion in the developed world - 24 years and counting. Much of that boom was built on exports of commodities like iron ore to China.
China is the country's biggest trading partner, but the Chinese economy is changing from manufacturing to an economy that is more focused on domestic demand.
Chinese buyers are also on the hunt for foreign assets. In early August, Australia blocked two Chinese bidders from buying state-owned power network Ausgrid. Tensions in the South China Sea have also complicated the relationship.
What effect is the overall commodities slump having on Australia's economy and how will it adapt? What is next for Australia and China? And what happens to Australia if the demand from Chinese markets starts to slow down?
We speak to Brendan Rynne, KPMG Australia's chief economist, and discuss the state and the future of Australia's economy.
Also, Yaara Bou Melhem reports from New South Wales on how the sheep and wool industry is making a comeback.
Retirement industry: How old do you have to be before you can stop working?
Japan, the world's third-largest economy, has one of the highest number of elderly citizens on the planet.
Over the next 20 years, the number of people over the age of 75 is expected to make up 30 percent of the population. And that is having a big impact on the economy as well as society in general.
Some companies have already taken matters into their own hands and opted for hi-tech solutions to helping people work beyond retirement age.
And Japan is not the only country encouraging people to work beyond retirement age: Finland makes its population work until the age of 68 before they're able to claim state pension; in Greece, people have to work until 67; and recently, young Germans were told they might have to work until they are 69 years old.
For the past decade, governments across the developing world have been cutting the pension bill by increasing the retirement age; that's because people are living longer and birth rates are declining.
But how will this affect future generations? How old does one now need to be before they can stop working?
We discuss the pensions crisis around the world with Tom McPhail, head of Pensions Research.
Shifting tourism
Egypt's tourism industry is in crisis: The number of foreign tourists fell 46.5 percent year on year in the first quarter of 2016. Tunisia saw tourist arrivals drop over 18 percent in the first quarter of the year, and Turkey's tourism sector contracted sharply in the first three months of 2016.
Portugal and Italy are shaping up to be the biggest winners. In Italy, the number of people visiting this year is already up on a record, and some local authorities are even thinking on limiting tourist access.
"This year, we have seen a shift from ... traditional destinations in the Middle East and in Europe to new destinations in southern Europe. There is no doubt that the attack in Paris and the situation in Egypt, Tunisia and Turkey have made tourists choose [safer] destinations, such as Spain, Portugal and Greece," explains Kinda Chebib, a senior analyst for Euromonitor International in London.
So, what are people looking for when they travel? Will this shift dramatically affect other economies?
We discuss the future of the tourism industry with Chebib.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 03 Sep 2016
- views: 103
Inside the murky world of negative interest rates - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 27 Aug 2016
- views: 1104
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its future.
...
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its future.
Ever since the financial crisis in 2008, central banks have been trying to plug monetary holes - pumping trillions of dollars into the global financial system.
Among other measures, a growing number of central banks around the world have cut key interest rates below zero, which means that commercial banks have to pay to keep their funds on deposit with a central bank.
Nearly 500 million people are now living in countries with negative interest rates, which are meant to get people spending money and boost economic growth. But a recent in-depth study from Standard and Poor's on the impact of sub-zero interest rates warns that they could have unintended consequences for the global economy and could possibly lead to cash hoarding by consumers.
It also means that the 'have-nots' are not even getting the chance of becoming the 'haves' - creating a wider wealth gap than ever before.
So what is the impact of negative interest rates? And what are the challenges, benefits and longterm consequences?
We talk to Maximilian Kunkel, an investment strategist with UBS, to discuss interest rates, driving economic growth across the globe, and monetary policies in the US.
Also on this episode of Counting the Cost:
EU-nity? Life after Brexit: As European leaders meet on an aircraft carrier off the Italian coast to discuss the future of the EU post-Brexit, it seems that Europe can't wait for the UK to figure out what Brexit means. But how acute is the European problem? And what will happen after Britain's exit? Bernhard Bauhofer, the founder and CEO of Sparring Partners, talks about the European crisis and the impact on EU countries and its people.
Solar rush: Good news from the world of renewable energy: there's new data suggesting we are generating more energy from the sun and winds than ever before. We find out what has changed in the past few years, what's made the difference and how to keep track. Vicente Lopez-Ibor Mayor, from Lightsource Renewable Energy, talks about the latest developments in the renewable energy sector.
Nature and livelihoods on the line: The cloud forests of Costa Rica are being threatened by rising global temperatures and could soon be gone. That's the stark warning from scientists who have studied the region for decades. Andy Gallagher reports from Costa Rica.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: http://www.aljazeera.com/
wn.com/Inside The Murky World Of Negative Interest Rates Counting The Cost
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its future.
Ever since the financial crisis in 2008, central banks have been trying to plug monetary holes - pumping trillions of dollars into the global financial system.
Among other measures, a growing number of central banks around the world have cut key interest rates below zero, which means that commercial banks have to pay to keep their funds on deposit with a central bank.
Nearly 500 million people are now living in countries with negative interest rates, which are meant to get people spending money and boost economic growth. But a recent in-depth study from Standard and Poor's on the impact of sub-zero interest rates warns that they could have unintended consequences for the global economy and could possibly lead to cash hoarding by consumers.
It also means that the 'have-nots' are not even getting the chance of becoming the 'haves' - creating a wider wealth gap than ever before.
So what is the impact of negative interest rates? And what are the challenges, benefits and longterm consequences?
We talk to Maximilian Kunkel, an investment strategist with UBS, to discuss interest rates, driving economic growth across the globe, and monetary policies in the US.
Also on this episode of Counting the Cost:
EU-nity? Life after Brexit: As European leaders meet on an aircraft carrier off the Italian coast to discuss the future of the EU post-Brexit, it seems that Europe can't wait for the UK to figure out what Brexit means. But how acute is the European problem? And what will happen after Britain's exit? Bernhard Bauhofer, the founder and CEO of Sparring Partners, talks about the European crisis and the impact on EU countries and its people.
Solar rush: Good news from the world of renewable energy: there's new data suggesting we are generating more energy from the sun and winds than ever before. We find out what has changed in the past few years, what's made the difference and how to keep track. Vicente Lopez-Ibor Mayor, from Lightsource Renewable Energy, talks about the latest developments in the renewable energy sector.
Nature and livelihoods on the line: The cloud forests of Costa Rica are being threatened by rising global temperatures and could soon be gone. That's the stark warning from scientists who have studied the region for decades. Andy Gallagher reports from Costa Rica.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: http://www.aljazeera.com/
- published: 27 Aug 2016
- views: 1104
The most powerful economic job in the world - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 30 Jul 2016
- views: 1174
As Hillary Clinton and Donald Trump emerge victorious from their respective party conventions, the level of economic power held by whoever will sit in the White...
As Hillary Clinton and Donald Trump emerge victorious from their respective party conventions, the level of economic power held by whoever will sit in the White House post-Barack Obama is evident. With the world's largest economy and 22% of the world's GDP at their fingertips, both presidential candidates have used the last few weeks to outline their policies, including their unique takes on the future economic agenda of the US.
With a critical responsibility towards job creation and maintaining the current economic growth resultant from the Obama administration, we take a look at what either candidate plans to achieve with their newfound control.
Clinton vows to 'stand up to China' - the country's biggest trade partner - and to do more for American workers' rights, protecting US trade secrets and opposing the Trans-Pacific Partnership (TPP). Income inequality is also high on the democratic nominee's agenda, with plans to help increase middle class incomes. As for Clinton's controversial relationship with Wall Street, a 'risk fee' has been proposed to avoid future crises scenarios, correlating with business or bank size.
During her speech at the final night of the Democractic National Convention (DNC), Clinton spoke to concerns of gender inequality, "If you believe that your working mother, wife, sister or daughter deserves equal pay... join us."
Similarly, Republican nominee Donald Trump is also anti-TPP, going as far as to suggest slapping tariffs on Chinese and even Mexican imports. The tax system will see a major overhaul under a Trump administration, with suggested cuts across the board - especially where corporate tax is concerned, with a new proposed 15% rate.
"America has lost almost one third of its manufacturing jobs since 1997, following the enactment of disastrous trade deals supported by Bill and Hillary Clinton. Remember, it was Bill Clinton who signed NAFTA - one of the worst economic deals ever made by our country, or frankly, any other country," said Trump during his RNC speech.
Megan Greene, director of Manulife Asset Management in Boston, paints a pretty clear picture of the future under either one of the presidential candidates based on their economic policy outlines.
"A few really important elements of Hillary's plan include infrastructure spending, which I think is absolutely necessary to provide a stimulus to the US economy," says Greene.
The same confidence is not echoed in considering a Trump presidency, "One area in which the president will have absolute authority is trade and on this Donald Trump is really clear. He's very isolationist. I think if he were to come to power, we would end up seeing a lot of protectionist measures and actually, I think that could tip the US into a recession, and possibly the globe into a recession."
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/The Most Powerful Economic Job In The World Counting The Cost
As Hillary Clinton and Donald Trump emerge victorious from their respective party conventions, the level of economic power held by whoever will sit in the White House post-Barack Obama is evident. With the world's largest economy and 22% of the world's GDP at their fingertips, both presidential candidates have used the last few weeks to outline their policies, including their unique takes on the future economic agenda of the US.
With a critical responsibility towards job creation and maintaining the current economic growth resultant from the Obama administration, we take a look at what either candidate plans to achieve with their newfound control.
Clinton vows to 'stand up to China' - the country's biggest trade partner - and to do more for American workers' rights, protecting US trade secrets and opposing the Trans-Pacific Partnership (TPP). Income inequality is also high on the democratic nominee's agenda, with plans to help increase middle class incomes. As for Clinton's controversial relationship with Wall Street, a 'risk fee' has been proposed to avoid future crises scenarios, correlating with business or bank size.
During her speech at the final night of the Democractic National Convention (DNC), Clinton spoke to concerns of gender inequality, "If you believe that your working mother, wife, sister or daughter deserves equal pay... join us."
Similarly, Republican nominee Donald Trump is also anti-TPP, going as far as to suggest slapping tariffs on Chinese and even Mexican imports. The tax system will see a major overhaul under a Trump administration, with suggested cuts across the board - especially where corporate tax is concerned, with a new proposed 15% rate.
"America has lost almost one third of its manufacturing jobs since 1997, following the enactment of disastrous trade deals supported by Bill and Hillary Clinton. Remember, it was Bill Clinton who signed NAFTA - one of the worst economic deals ever made by our country, or frankly, any other country," said Trump during his RNC speech.
Megan Greene, director of Manulife Asset Management in Boston, paints a pretty clear picture of the future under either one of the presidential candidates based on their economic policy outlines.
"A few really important elements of Hillary's plan include infrastructure spending, which I think is absolutely necessary to provide a stimulus to the US economy," says Greene.
The same confidence is not echoed in considering a Trump presidency, "One area in which the president will have absolute authority is trade and on this Donald Trump is really clear. He's very isolationist. I think if he were to come to power, we would end up seeing a lot of protectionist measures and actually, I think that could tip the US into a recession, and possibly the globe into a recession."
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 30 Jul 2016
- views: 1174
Turkey's economy after the coup - Counting the Cost
- Order: Reorder
- Duration: 25:01
- Updated: 23 Jul 2016
- views: 23
Last week, Turkey overcame a failed attempted coup and has since seen massive political upheaval.
As President Recep Tayyip Erdogan manages government institut...
Last week, Turkey overcame a failed attempted coup and has since seen massive political upheaval.
As President Recep Tayyip Erdogan manages government institutions, with mass detentions, sackings and suspensions sweeping across the country, many question what effect the political instability will have on Turkey's economy.
The Asia-Europe crossroad is hooked on foreign capital, but how will foreign investors feel about deals with a country that has seen countless bombings and ongoing political unrest?
Travel and tourism revenues have already seen a decline as a result of the recent bombings, with the future of the industry at a real risk. This comes at a time where the country's current budget deficit - for example the difference between cost of imports and exports - sits at 4.5 percent and annual growth of the Turkish economy has slowed down to 3.5 percent only this year.
Further to that, the Turkish Lira hit an all-time low in exchange for the US dollar, and US global rating agency Standard & Poor's changed the country's outlook to negative as a result of the coup.
However, in spite of the shake up, Turkish Deputy Prime Minister and former Minister of Finance Mehmet Simsek says the market economy model will not change and that there is confidence in the Turkish economy withstanding the current storm - as it has done in the past.
"The state of emergency, legal authority, will only be used against coup perpetrators and their affiliates. Ordinary life, business life, will continue as usual," says Simsek.
"The commitment is that we will maintain sound, rational macroeconomic policies. We will stick to market economy. There has never been, and will never be, consideration of any other model," he continues. "Why? Because that model served Turkey well. It has done phenomenally well in the past and the Turkish economy has proved itself to be fairly resilient in the face of various shocks."
Nilufer Sezgin, chief economist at IS Asset Management, echoes much of the same sentiment and highlights the fickle nature of short-term portfolio investments as replaceable 'hot money' as opposed to long-term foreign investment, which is less likely to suffer the consequences of the current turmoil.
"Even during the Lehman Brothers crisis that hit entire global credit markets, the Turkish economy did not experience a long-lasting decline in external debt generation or roll-over ratios, so to speak," says Sezgin. "Going forward, we will monitor whether further rating institutions will keep downgrading Turkey or whether they are going to wait and see the actions to be taken and then act accordingly."
But will Turkish economic 'resilience' translate into international confidence?
Also on this episode of Counting the Cost:
Italy's crippling debts: Italy is currently suffering a banking crisis that could be the next big threat to the Eurozone post-Brexit. Italian banks are crippled with bad loans, totalling $395bn (360bn Euros), or what amounts to almost one-fifth of the country's GDP.
Italy's government is looking at resolving the issue by buying out the bad loans held by Italy's largest - and the world's oldest - bank, Banca Monte dei Paschi di Siena, using state and private money.
However, the EU has changed bailout rules, now claiming that taxpayer-funded bailouts are no longer allowed. A bail-in is what is now required, with bond holders and investors taking the first hit.
With loop holes in the interpretation of the EU rules, and no confirmed feedback as to resolving the debt crisis, how will Italy proceed? We speak to Alberto Gallo, head of macro strategies at London-based hedge fund Algebris.
Iran's new business hub: Kish Island, 19 kilometres off the Iranian coast in the Gulf, is gearing up to become one of Iran's newest international business hubs post the historic nuclear deal.
As sanctions are lifted, Kish Island - a free-trade zone and already experiencing a footfall of a million visitors annually to its duty-free zones - is positioning itself as a haven for foreign investors who can finally enter the Iranian market, free from the rules and regulations of the mainland.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Turkey's Economy After The Coup Counting The Cost
Last week, Turkey overcame a failed attempted coup and has since seen massive political upheaval.
As President Recep Tayyip Erdogan manages government institutions, with mass detentions, sackings and suspensions sweeping across the country, many question what effect the political instability will have on Turkey's economy.
The Asia-Europe crossroad is hooked on foreign capital, but how will foreign investors feel about deals with a country that has seen countless bombings and ongoing political unrest?
Travel and tourism revenues have already seen a decline as a result of the recent bombings, with the future of the industry at a real risk. This comes at a time where the country's current budget deficit - for example the difference between cost of imports and exports - sits at 4.5 percent and annual growth of the Turkish economy has slowed down to 3.5 percent only this year.
Further to that, the Turkish Lira hit an all-time low in exchange for the US dollar, and US global rating agency Standard & Poor's changed the country's outlook to negative as a result of the coup.
However, in spite of the shake up, Turkish Deputy Prime Minister and former Minister of Finance Mehmet Simsek says the market economy model will not change and that there is confidence in the Turkish economy withstanding the current storm - as it has done in the past.
"The state of emergency, legal authority, will only be used against coup perpetrators and their affiliates. Ordinary life, business life, will continue as usual," says Simsek.
"The commitment is that we will maintain sound, rational macroeconomic policies. We will stick to market economy. There has never been, and will never be, consideration of any other model," he continues. "Why? Because that model served Turkey well. It has done phenomenally well in the past and the Turkish economy has proved itself to be fairly resilient in the face of various shocks."
Nilufer Sezgin, chief economist at IS Asset Management, echoes much of the same sentiment and highlights the fickle nature of short-term portfolio investments as replaceable 'hot money' as opposed to long-term foreign investment, which is less likely to suffer the consequences of the current turmoil.
"Even during the Lehman Brothers crisis that hit entire global credit markets, the Turkish economy did not experience a long-lasting decline in external debt generation or roll-over ratios, so to speak," says Sezgin. "Going forward, we will monitor whether further rating institutions will keep downgrading Turkey or whether they are going to wait and see the actions to be taken and then act accordingly."
But will Turkish economic 'resilience' translate into international confidence?
Also on this episode of Counting the Cost:
Italy's crippling debts: Italy is currently suffering a banking crisis that could be the next big threat to the Eurozone post-Brexit. Italian banks are crippled with bad loans, totalling $395bn (360bn Euros), or what amounts to almost one-fifth of the country's GDP.
Italy's government is looking at resolving the issue by buying out the bad loans held by Italy's largest - and the world's oldest - bank, Banca Monte dei Paschi di Siena, using state and private money.
However, the EU has changed bailout rules, now claiming that taxpayer-funded bailouts are no longer allowed. A bail-in is what is now required, with bond holders and investors taking the first hit.
With loop holes in the interpretation of the EU rules, and no confirmed feedback as to resolving the debt crisis, how will Italy proceed? We speak to Alberto Gallo, head of macro strategies at London-based hedge fund Algebris.
Iran's new business hub: Kish Island, 19 kilometres off the Iranian coast in the Gulf, is gearing up to become one of Iran's newest international business hubs post the historic nuclear deal.
As sanctions are lifted, Kish Island - a free-trade zone and already experiencing a footfall of a million visitors annually to its duty-free zones - is positioning itself as a haven for foreign investors who can finally enter the Iranian market, free from the rules and regulations of the mainland.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 23 Jul 2016
- views: 23
Brexit fallout: The global economic impact - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 09 Jul 2016
- views: 206
The outcome of the EU referendum in Britain didn't just shake-up the United Kingdom, it also brought great uncertainty to the global markets.
The impact of the...
The outcome of the EU referendum in Britain didn't just shake-up the United Kingdom, it also brought great uncertainty to the global markets.
The impact of the Brexit vote is becoming more and more apparent, and there is no telling when or where it might end.
Counting the Cost is back on the trail of Brexit again this week, looking at where the money is moving around the world and why.
Gold is strong (it has gone up by more than 25 percent this year) and so is the US dollar. Government bonds - even with their low returns - are looking favourable too. And it's all because of the huge uncertainty that the Brexit vote has thrown up.
The governor of the Bank of England, Mark Carney, has unveiled a plan to allow banks to release almost $200bn in funds to lend to home buyers and businesses, but he also warned there is a limit to what his organisation can do to ease the economic uncertainty.
"The UK has entered a period of uncertainty and significant economic adjustment, the efforts of the Bank of England will not be able to fully and immediately offset the market and economic volatility that can be expected while this adjustment proceeds," Mark Carney said.
So what is next for the UK and the world? Are we at the edge of a global recession?
Our guest Russell Jones from economics firm Llewellyn Consulting says he is more nervous about the economic outlook now, that he was back in 2008 when the financial crisis hit. So, is it all the start of more bad news for the global economy?
Uncertainty at India's Reserve Bank
In uncertain times, Central Banks have an important role to play in keeping the economy on track, and India's Raghuram Rajan is regarded as one of the world's most impressive central bankers.
He has been credited with bringing stability to India's economy since his appointment as the Reserve Bank of India's head in 2013. But he has also faced criticism from a faction within President Narendra Modi's ruling party for keeping interest rates high, and over a perception that he has started to stray into politics.
He has announced that he will step down, so what's next to India's economic path, and was Raghuram Rajan as effective to India's economy?
Faiz Jamil investigates for Counting the Cost and we talk to Rajiv Biswas, Asia-Pacific chief economist at HIS.
Global Entrepreneurship Summit 2016
Hosted by the White House and US State Department, and held at Stanford University in Palo Alto, the Global Entrepreneurship summit (GES) 2016 aimed to bring together hundreds of entrepreneurs and investors from all over the world - putting all the right people in the right place to make business opportunities happen.
Kamahl Santamaria and reporter Tarek Bazley take us around the summit to meet some of the people looking for their big break.
Kamahl also interviews Maria Contreras-Sweet, the administrator of the US Small Business Administration, about the challenges and inequalities that exist in the entrepreneurship world, and he visits the garage in Los Altos where 40 years ago, Steve Jobs founded the company we now know as Apple.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Brexit Fallout The Global Economic Impact Counting The Cost
The outcome of the EU referendum in Britain didn't just shake-up the United Kingdom, it also brought great uncertainty to the global markets.
The impact of the Brexit vote is becoming more and more apparent, and there is no telling when or where it might end.
Counting the Cost is back on the trail of Brexit again this week, looking at where the money is moving around the world and why.
Gold is strong (it has gone up by more than 25 percent this year) and so is the US dollar. Government bonds - even with their low returns - are looking favourable too. And it's all because of the huge uncertainty that the Brexit vote has thrown up.
The governor of the Bank of England, Mark Carney, has unveiled a plan to allow banks to release almost $200bn in funds to lend to home buyers and businesses, but he also warned there is a limit to what his organisation can do to ease the economic uncertainty.
"The UK has entered a period of uncertainty and significant economic adjustment, the efforts of the Bank of England will not be able to fully and immediately offset the market and economic volatility that can be expected while this adjustment proceeds," Mark Carney said.
So what is next for the UK and the world? Are we at the edge of a global recession?
Our guest Russell Jones from economics firm Llewellyn Consulting says he is more nervous about the economic outlook now, that he was back in 2008 when the financial crisis hit. So, is it all the start of more bad news for the global economy?
Uncertainty at India's Reserve Bank
In uncertain times, Central Banks have an important role to play in keeping the economy on track, and India's Raghuram Rajan is regarded as one of the world's most impressive central bankers.
He has been credited with bringing stability to India's economy since his appointment as the Reserve Bank of India's head in 2013. But he has also faced criticism from a faction within President Narendra Modi's ruling party for keeping interest rates high, and over a perception that he has started to stray into politics.
He has announced that he will step down, so what's next to India's economic path, and was Raghuram Rajan as effective to India's economy?
Faiz Jamil investigates for Counting the Cost and we talk to Rajiv Biswas, Asia-Pacific chief economist at HIS.
Global Entrepreneurship Summit 2016
Hosted by the White House and US State Department, and held at Stanford University in Palo Alto, the Global Entrepreneurship summit (GES) 2016 aimed to bring together hundreds of entrepreneurs and investors from all over the world - putting all the right people in the right place to make business opportunities happen.
Kamahl Santamaria and reporter Tarek Bazley take us around the summit to meet some of the people looking for their big break.
Kamahl also interviews Maria Contreras-Sweet, the administrator of the US Small Business Administration, about the challenges and inequalities that exist in the entrepreneurship world, and he visits the garage in Los Altos where 40 years ago, Steve Jobs founded the company we now know as Apple.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 09 Jul 2016
- views: 206
The global steel industry: What's behind the downturn? - Counting the Cost
- Order: Reorder
- Duration: 25:46
- Updated: 16 Apr 2016
- views: 4983
We explore the reasons behind the steady collapse of the steel economy, from China to Britain's oldest plant.
More from Counting the Cost on:
YouTube - http:...
We explore the reasons behind the steady collapse of the steel economy, from China to Britain's oldest plant.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/The Global Steel Industry What's Behind The Downturn Counting The Cost
We explore the reasons behind the steady collapse of the steel economy, from China to Britain's oldest plant.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 16 Apr 2016
- views: 4983
Behind Venezuela's looming collapse - Counting the Cost
- Order: Reorder
- Duration: 25:01
- Updated: 28 May 2016
- views: 32382
With dire food shortages, hyperinflation and chronic power outages, Venezuela's economic crisis has gone "from bad to worse to horrific."
With oil accounting ...
With dire food shortages, hyperinflation and chronic power outages, Venezuela's economic crisis has gone "from bad to worse to horrific."
With oil accounting for 95 percent of Venezuela's export earnings, plummeting world prices have sent the South American economy reeling towards collapse: People are going hungry, inflation has spiralled out of control, the military is patrolling supermarkets to keep order amid rising anger, basic raw materials and supplies have run out, and factories are shutting down.
According to the World Bank, Venezuela now ranks so low on the list of countries to do business with, it surpasses only Libya, Eritrea and South Sudan.
President Nicolas Maduro has turned to selling Venezuela's gold, slashing imports. According to the IMF, the country's gold reserves have dropped almost a third over the past year. So far Maduro has prioritised the payment of international debts to prevent an outright default.
Meanwhile Venezuelans are struggling to feed their children, with an alarming consequence - malnutrition is at an all-time high, with the majority of school children not receiving the recommended dose of nutrients for healthy growth and function.
Three years after the death of charismatic Hugo Chavez, the popular leader's Bolivarian Revolution is being blamed for failing Venezuela.
So why is nothing being done to stop Venezuela's slide? Can Venezuela turn its failing political ideology from attempting to control society into empowering its people to resolve the crisis?
We talk to Ruth Krivoy, the former president of the Venezuelan Central Bank; and Ricardo Hausmann, the director of the Centre for International Development at the Harvard School of Government, about how Venezuela fell into crisis.
China on top: Forbes Global 2000
The annual list of the world's largest and most influential companies featured a few surprising names, including American banks in the top 15 - a far cry from the dark days of the credit crisis. Chinese companies- in particular the banks - dominate the top 10, in spite of a 'slowing' Chinese economy.
Technically, China remains a communist country - however, it has clearly embraced capitalism and its continuous economic 'balance' is owed, somewhat, to its new relationship with brands as opposed to remaining purely a production powerhouse as it has been known in the past.
But what is the actual power of a Chinese bank brand and how does this translate - if at all - to an international consumer base?
We talk to Robert Haigh, the marketing director of Brand Finance, about the real value of a brand in 2016, and what that's worth to their home countries.
Also on Counting the Cost:
Cuba: The country is legalising small and medium-sized businesses in order to kickstart the economy; but will Cuban tech entrepreneurs be given the same liberties?
A win-win situation in Vietnam: US President Barack Obama lifts the arms embargo on Vietnam during a three-day visit - but the real partnership begins and ends with trade agreements.
Monster merger: German Bayer, the world's second-largest crop chemical producer, has placed the world's largest ever all-cash bid on Monsanto, the world's biggest supplier of genetically-modified seed. This has been rejected by Monsanto, but what does a potential future merger mean for the global agriculture industry?
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Behind Venezuela's Looming Collapse Counting The Cost
With dire food shortages, hyperinflation and chronic power outages, Venezuela's economic crisis has gone "from bad to worse to horrific."
With oil accounting for 95 percent of Venezuela's export earnings, plummeting world prices have sent the South American economy reeling towards collapse: People are going hungry, inflation has spiralled out of control, the military is patrolling supermarkets to keep order amid rising anger, basic raw materials and supplies have run out, and factories are shutting down.
According to the World Bank, Venezuela now ranks so low on the list of countries to do business with, it surpasses only Libya, Eritrea and South Sudan.
President Nicolas Maduro has turned to selling Venezuela's gold, slashing imports. According to the IMF, the country's gold reserves have dropped almost a third over the past year. So far Maduro has prioritised the payment of international debts to prevent an outright default.
Meanwhile Venezuelans are struggling to feed their children, with an alarming consequence - malnutrition is at an all-time high, with the majority of school children not receiving the recommended dose of nutrients for healthy growth and function.
Three years after the death of charismatic Hugo Chavez, the popular leader's Bolivarian Revolution is being blamed for failing Venezuela.
So why is nothing being done to stop Venezuela's slide? Can Venezuela turn its failing political ideology from attempting to control society into empowering its people to resolve the crisis?
We talk to Ruth Krivoy, the former president of the Venezuelan Central Bank; and Ricardo Hausmann, the director of the Centre for International Development at the Harvard School of Government, about how Venezuela fell into crisis.
China on top: Forbes Global 2000
The annual list of the world's largest and most influential companies featured a few surprising names, including American banks in the top 15 - a far cry from the dark days of the credit crisis. Chinese companies- in particular the banks - dominate the top 10, in spite of a 'slowing' Chinese economy.
Technically, China remains a communist country - however, it has clearly embraced capitalism and its continuous economic 'balance' is owed, somewhat, to its new relationship with brands as opposed to remaining purely a production powerhouse as it has been known in the past.
But what is the actual power of a Chinese bank brand and how does this translate - if at all - to an international consumer base?
We talk to Robert Haigh, the marketing director of Brand Finance, about the real value of a brand in 2016, and what that's worth to their home countries.
Also on Counting the Cost:
Cuba: The country is legalising small and medium-sized businesses in order to kickstart the economy; but will Cuban tech entrepreneurs be given the same liberties?
A win-win situation in Vietnam: US President Barack Obama lifts the arms embargo on Vietnam during a three-day visit - but the real partnership begins and ends with trade agreements.
Monster merger: German Bayer, the world's second-largest crop chemical producer, has placed the world's largest ever all-cash bid on Monsanto, the world's biggest supplier of genetically-modified seed. This has been rejected by Monsanto, but what does a potential future merger mean for the global agriculture industry?
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 28 May 2016
- views: 32382
Crude power: The oil game uncovered - Counting the Cost
- Order: Reorder
- Duration: 25:01
- Updated: 24 Apr 2016
- views: 9066
In an attempt to tackle the global oil crisis, OPEC and non-OPEC oil producers held an extraordinary oil summit in Doha, Qatar's capital, last week.
With the o...
In an attempt to tackle the global oil crisis, OPEC and non-OPEC oil producers held an extraordinary oil summit in Doha, Qatar's capital, last week.
With the oil price still low and the market heavily oversupplied, 20 oil and energy ministers were trying to find a consensus on a way forward. But they failed to do so and the summit turned out to be more about regional rivalries than about finding a solution to low oil prices.
Mohammed Bin Saleh al-Sada, the Qatari energy minister, said after the meeting:
"The meeting concluded that we all need time for further consultation..."
In the end, Saudi Arabia wasn't going to agree to a freeze in production without the participation of Iran, meaning a deal was almost impossible from the outset.
So with nothing changing in Doha, the oversupply will most likely continue and the oil price will unlikely recover.
Why did the Doha meeting fail? Who are the major players in the game of oil?
Counting the Cost takes a look at where the global oil industry stands right now - from Doha and Saudi Arabia to Oklahoma, and to Azerbaijan. We talk to Spencer Welch, Oil markets and Downstream, IHS, about the game of oil, the Doha meeting and the issues behind it.
Also on Counting the Cost, we examine the Google anti-trust charges, the smartphone business and the undeniable truth that these devices are starting to run our lives. Georgios Petropoulos from Bruegel think-tank discusses Google's position in the market and David Richards, the CEO and co-founder of WANDISCO, talks about the mobile revolution and the future of the smartphone business.
And, the hunt for better trade routes: Arctic ice reached a record low for a second consecutive winter, so China is looking to exploit the Northwest Passage, the fabled shortcut through the Arctic circle. Along with a new economic corridor through Pakistan it's the Silk Road 21st century style.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Crude Power The Oil Game Uncovered Counting The Cost
In an attempt to tackle the global oil crisis, OPEC and non-OPEC oil producers held an extraordinary oil summit in Doha, Qatar's capital, last week.
With the oil price still low and the market heavily oversupplied, 20 oil and energy ministers were trying to find a consensus on a way forward. But they failed to do so and the summit turned out to be more about regional rivalries than about finding a solution to low oil prices.
Mohammed Bin Saleh al-Sada, the Qatari energy minister, said after the meeting:
"The meeting concluded that we all need time for further consultation..."
In the end, Saudi Arabia wasn't going to agree to a freeze in production without the participation of Iran, meaning a deal was almost impossible from the outset.
So with nothing changing in Doha, the oversupply will most likely continue and the oil price will unlikely recover.
Why did the Doha meeting fail? Who are the major players in the game of oil?
Counting the Cost takes a look at where the global oil industry stands right now - from Doha and Saudi Arabia to Oklahoma, and to Azerbaijan. We talk to Spencer Welch, Oil markets and Downstream, IHS, about the game of oil, the Doha meeting and the issues behind it.
Also on Counting the Cost, we examine the Google anti-trust charges, the smartphone business and the undeniable truth that these devices are starting to run our lives. Georgios Petropoulos from Bruegel think-tank discusses Google's position in the market and David Richards, the CEO and co-founder of WANDISCO, talks about the mobile revolution and the future of the smartphone business.
And, the hunt for better trade routes: Arctic ice reached a record low for a second consecutive winter, so China is looking to exploit the Northwest Passage, the fabled shortcut through the Arctic circle. Along with a new economic corridor through Pakistan it's the Silk Road 21st century style.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 24 Apr 2016
- views: 9066
Turkey and Russia: The billion dollar handshake - Counting the Cost
- Order: Reorder
- Duration: 25:12
- Updated: 13 Aug 2016
- views: 5295
When Turkey shot down a Russian military jet last November, business ties between the two countries hit rocky terrain, with Russia slapping trade sanctions on T...
When Turkey shot down a Russian military jet last November, business ties between the two countries hit rocky terrain, with Russia slapping trade sanctions on Turkey.
However, it seems all is now forgiven as President Recep Tayyip Erdogan and Vladimir Putin meet in St Petersburg to revive business relations - something both countries are keen to do as they both face unique sets of economic challenges and slowdowns.
Sanctions on Turkey's tourism, construction and food export industries are now set to be gradually phased out, Russian package tours will no longer face suspension and two major join energy projects will be unfrozen as part of the renewed relationship.
Where Turkey is concerned, a 41% drop in international arrivals - prior to the attempted coup - has proven detrimental to the tourism industry. Assurances were made to foreign investors post-attempted coup, legislation to create a sovereign wealth fund has been proposed and younger Turks are now being forced to pay into a private pension to improve on their savings, all in a bid to rescue Turkey's troubled economy.
Many, like CEO of Limak Holdings Ebru Ozdemir, are positive about the future.
"Last year Turkey broke its own record in foreign direct investments," says Ozdemir. "We hit $16 billion and this year we want to break this again - we want to go even higher."
But the general consensus is very much in favour of Turkish and Russian relations being back on track, especially where mutual benefits are concerned.
"Turkey needs Russian gas and Russia needs Turkish produce, beaches and warmer weather," says Bulent Gultekin, professor of finance at Pennsylvania University. "There's a perfect complimentarity between the two countries."
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Turkey And Russia The Billion Dollar Handshake Counting The Cost
When Turkey shot down a Russian military jet last November, business ties between the two countries hit rocky terrain, with Russia slapping trade sanctions on Turkey.
However, it seems all is now forgiven as President Recep Tayyip Erdogan and Vladimir Putin meet in St Petersburg to revive business relations - something both countries are keen to do as they both face unique sets of economic challenges and slowdowns.
Sanctions on Turkey's tourism, construction and food export industries are now set to be gradually phased out, Russian package tours will no longer face suspension and two major join energy projects will be unfrozen as part of the renewed relationship.
Where Turkey is concerned, a 41% drop in international arrivals - prior to the attempted coup - has proven detrimental to the tourism industry. Assurances were made to foreign investors post-attempted coup, legislation to create a sovereign wealth fund has been proposed and younger Turks are now being forced to pay into a private pension to improve on their savings, all in a bid to rescue Turkey's troubled economy.
Many, like CEO of Limak Holdings Ebru Ozdemir, are positive about the future.
"Last year Turkey broke its own record in foreign direct investments," says Ozdemir. "We hit $16 billion and this year we want to break this again - we want to go even higher."
But the general consensus is very much in favour of Turkish and Russian relations being back on track, especially where mutual benefits are concerned.
"Turkey needs Russian gas and Russia needs Turkish produce, beaches and warmer weather," says Bulent Gultekin, professor of finance at Pennsylvania University. "There's a perfect complimentarity between the two countries."
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 13 Aug 2016
- views: 5295
-
Bruxy Cavey teaching on "counting the cost" before following Jesus
published: 03 Oct 2016 -
Don Walker Counting the Cost
Oct. 2, 2016 Morning Worhip Service Sermon by Don Walker "Counting the Cost" at Trenton Church of Chirst at Trenton, GA.
published: 02 Oct 2016 -
-
Al Jazeera English - The world's worst-performing economy - Counting the Cost - Al Jazeera English
CLICK THE LINK BELOW TO KNOW MORE. xxxxxxxx http://bit.ly/22FlNjp xxxxxxxx XXXXXXXXXXXXXXXXXXXXXXXXXXX I want to give special thanks to Al Jazeera English for releasing Venezuela: The world's worst-performing economy - Counting the Cost. Here are some of my other favorite youtubers and their videos! Venezuela divided Al Jazeera English HD Live Stream. [Documentary] Our World Going Hungry in Venezuela BBC States Of Undress - Venezuela Venezuela: On the Edge (Part 1) - People & Power Inside Story - What's behind the unrest in Venezuela? Our Story - Venezuela's Secret & 21st Century Socialism Inside Story - Is Venezuela on the brink of collapse? Life on the line Inside Venezuela’s crisis Talk to Al Jazeera In the Field Behind Venezuela's looming c...
published: 30 Sep 2016 -
Counting the Cost
What does it really cost to follow Jesus? is it truly free, or will it cost me everything I have? these questions must be properly answered before a person can whole heartedly accept to follow Jesus. And this is exactly what this video seeks to answer.
published: 26 Sep 2016 -
Inside the murky world of negative interest rates Counting the Cost
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its . In today's video, Christopher Greene of AMTV reports on Federal Reserve negative interest rates and interviews guest Marco Santarelli. Visit our sponsor! Support My Work: PayPal: BitCoin/Tip.Me: STEEMIT: .
published: 25 Sep 2016 -
Counting the Cost - Dr. Stuart Pickell
Music and Message recorded at the 11am Worship Service on Sunday September 25, 2016 at Westminster Presbyterian Church, Arlington TX.
published: 25 Sep 2016 -
China in debt Counting the Cost
published: 25 Sep 2016 -
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
published: 23 Sep 2016 -
Bruxy Cavey teaching on "counting the cost" before following Jesus
- Order: Reorder
- Duration: 5:18
- Updated: 03 Oct 2016
- views: 1
- published: 03 Oct 2016
- views: 1
Don Walker Counting the Cost
- Order: Reorder
- Duration: 38:22
- Updated: 02 Oct 2016
- views: 3
Oct. 2, 2016 Morning Worhip Service Sermon by Don Walker "Counting the Cost" at Trenton Church of Chirst at Trenton, GA.
Oct. 2, 2016 Morning Worhip Service Sermon by Don Walker "Counting the Cost" at Trenton Church of Chirst at Trenton, GA.
wn.com/Don Walker Counting The Cost
Oct. 2, 2016 Morning Worhip Service Sermon by Don Walker "Counting the Cost" at Trenton Church of Chirst at Trenton, GA.
- published: 02 Oct 2016
- views: 3
OPEC and the stagnant price of oil Counting the Cost
- Order: Reorder
- Duration: 24:51
- Updated: 02 Oct 2016
- views: 1
Al Jazeera English - The world's worst-performing economy - Counting the Cost - Al Jazeera English
- Order: Reorder
- Duration: 42:05
- Updated: 30 Sep 2016
- views: 22
CLICK THE LINK BELOW TO KNOW MORE.
xxxxxxxx http://bit.ly/22FlNjp xxxxxxxx
XXXXXXXXXXXXXXXXXXXXXXXXXXX
I want to giv...
CLICK THE LINK BELOW TO KNOW MORE.
xxxxxxxx http://bit.ly/22FlNjp xxxxxxxx
XXXXXXXXXXXXXXXXXXXXXXXXXXX
I want to give special thanks to Al Jazeera English for releasing Venezuela: The world's worst-performing economy - Counting the Cost.
Here are some of my other favorite youtubers and their videos!
Venezuela divided
Al Jazeera English HD Live Stream.
[Documentary] Our World Going Hungry in Venezuela BBC
States Of Undress - Venezuela
Venezuela: On the Edge (Part 1) - People & Power
Inside Story - What's behind the unrest in Venezuela?
Our Story - Venezuela's Secret & 21st Century Socialism
Inside Story - Is Venezuela on the brink of collapse?
Life on the line Inside Venezuela’s crisis Talk to Al Jazeera In the Field
Behind Venezuela's looming collapse - Counting the Cost
Life on the line: Inside Venezuela’s crisis - Talk to Al Jazeera (In the Field)
Venezuela's economic crisis explained
Fronteras Al Límite: Colombia / Venezuela. RTVE. Régimen de España
Murder Rates Keep Rising in Venezuela (Part 1/3)
Venezuela's boiling point: Power outages spark outrage (part 1)
MULA SA CHINA MISMO! Pakinggan ang kanilang Saloobin kay President Duterte at sa Bansang Pilipinas
Behind the Protests in Caracas: Venezuela Rising
VENEZUELA AL LIMITE Documental ANTENA3 Abril 6 2016
Last Days of Chavez's Legacy: The Fall of Chavismo in Venezuela
Oil-rich Venezuela suffers as global prices plummet
Francisco Álvarez
Pedro Vicente Navarro
Lui Fenty
PastorDowell
CaspianReport
sucreranda 2 Hugo Chávez Venezuela
VICE
FRANCE 24 English
PINOY VIRAL VIDEOS
VICE News
helpVenezuela
VICE News
PBS NewsHour
Take a look at Al Jazeera English stats and you'll understand why I am a fan.
Video Url: https://www.youtube.com/watch?v=ljXBooe9U3A
Video Title: Venezuela: The world's worst-performing economy - Counting the Cost
Username: Al Jazeera English
Subscribers: 1M
Views: 105,993 views
-------------------------
wn.com/Al Jazeera English The World's Worst Performing Economy Counting The Cost Al Jazeera English
CLICK THE LINK BELOW TO KNOW MORE.
xxxxxxxx http://bit.ly/22FlNjp xxxxxxxx
XXXXXXXXXXXXXXXXXXXXXXXXXXX
I want to give special thanks to Al Jazeera English for releasing Venezuela: The world's worst-performing economy - Counting the Cost.
Here are some of my other favorite youtubers and their videos!
Venezuela divided
Al Jazeera English HD Live Stream.
[Documentary] Our World Going Hungry in Venezuela BBC
States Of Undress - Venezuela
Venezuela: On the Edge (Part 1) - People & Power
Inside Story - What's behind the unrest in Venezuela?
Our Story - Venezuela's Secret & 21st Century Socialism
Inside Story - Is Venezuela on the brink of collapse?
Life on the line Inside Venezuela’s crisis Talk to Al Jazeera In the Field
Behind Venezuela's looming collapse - Counting the Cost
Life on the line: Inside Venezuela’s crisis - Talk to Al Jazeera (In the Field)
Venezuela's economic crisis explained
Fronteras Al Límite: Colombia / Venezuela. RTVE. Régimen de España
Murder Rates Keep Rising in Venezuela (Part 1/3)
Venezuela's boiling point: Power outages spark outrage (part 1)
MULA SA CHINA MISMO! Pakinggan ang kanilang Saloobin kay President Duterte at sa Bansang Pilipinas
Behind the Protests in Caracas: Venezuela Rising
VENEZUELA AL LIMITE Documental ANTENA3 Abril 6 2016
Last Days of Chavez's Legacy: The Fall of Chavismo in Venezuela
Oil-rich Venezuela suffers as global prices plummet
Francisco Álvarez
Pedro Vicente Navarro
Lui Fenty
PastorDowell
CaspianReport
sucreranda 2 Hugo Chávez Venezuela
VICE
FRANCE 24 English
PINOY VIRAL VIDEOS
VICE News
helpVenezuela
VICE News
PBS NewsHour
Take a look at Al Jazeera English stats and you'll understand why I am a fan.
Video Url: https://www.youtube.com/watch?v=ljXBooe9U3A
Video Title: Venezuela: The world's worst-performing economy - Counting the Cost
Username: Al Jazeera English
Subscribers: 1M
Views: 105,993 views
-------------------------
- published: 30 Sep 2016
- views: 22
Counting the Cost
- Order: Reorder
- Duration: 20:31
- Updated: 26 Sep 2016
- views: 7
What does it really cost to follow Jesus? is it truly free, or will it cost me everything I have? these questions must be properly answered before a person can ...
What does it really cost to follow Jesus? is it truly free, or will it cost me everything I have? these questions must be properly answered before a person can whole heartedly accept to follow Jesus. And this is exactly what this video seeks to answer.
wn.com/Counting The Cost
What does it really cost to follow Jesus? is it truly free, or will it cost me everything I have? these questions must be properly answered before a person can whole heartedly accept to follow Jesus. And this is exactly what this video seeks to answer.
- published: 26 Sep 2016
- views: 7
Inside the murky world of negative interest rates Counting the Cost
- Order: Reorder
- Duration: 42:55
- Updated: 25 Sep 2016
- views: 0
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its .
I...
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its .
In today's video, Christopher Greene of AMTV reports on Federal Reserve negative interest rates and interviews guest Marco Santarelli. Visit our sponsor!
Support My Work: PayPal: BitCoin/Tip.Me: STEEMIT: .
wn.com/Inside The Murky World Of Negative Interest Rates Counting The Cost
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole, Wyoming, to discuss the state of the global economy and its .
In today's video, Christopher Greene of AMTV reports on Federal Reserve negative interest rates and interviews guest Marco Santarelli. Visit our sponsor!
Support My Work: PayPal: BitCoin/Tip.Me: STEEMIT: .
- published: 25 Sep 2016
- views: 0
Counting the Cost - Dr. Stuart Pickell
- Order: Reorder
- Duration: 26:06
- Updated: 25 Sep 2016
- views: 8
Music and Message recorded at the 11am Worship Service on Sunday September 25, 2016 at Westminster Presbyterian Church, Arlington TX.
Music and Message recorded at the 11am Worship Service on Sunday September 25, 2016 at Westminster Presbyterian Church, Arlington TX.
wn.com/Counting The Cost Dr. Stuart Pickell
Music and Message recorded at the 11am Worship Service on Sunday September 25, 2016 at Westminster Presbyterian Church, Arlington TX.
- published: 25 Sep 2016
- views: 8
China in debt Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 25 Sep 2016
- views: 5
- published: 25 Sep 2016
- views: 5
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
- Order: Reorder
- Duration: 20:36
- Updated: 23 Sep 2016
- views: 5
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
- published: 23 Sep 2016
- views: 5
Counting the Cost of Change
- Order: Reorder
- Duration: 12:23
- Updated: 21 Sep 2016
- views: 5
Counting the Cost of Change. A sermon preached at St John's, Dunsford, Sept 4, 2016 by the Rev Canon Dr David G Barker. When things go well, there is often a lo...
Counting the Cost of Change. A sermon preached at St John's, Dunsford, Sept 4, 2016 by the Rev Canon Dr David G Barker. When things go well, there is often a lot of preparation behind the scene.
wn.com/Counting The Cost Of Change
-
OPEC and the stagnant price of oil - Counting the Cost
The 15th International Energy Forum, held in Algiers earlier this week, saw OPEC members decide to cut production by about 800,000 barrels per day. The cut would not be consistent across all member states but was significant nonetheless, being the first in eight years.The move is forecast to stabilise global oil prices. "Today OPEC has taken an historic decision. OPEC will go back to its role of monitoring the market. It's a role that it lost many years ago, that it is now reclaiming," said Noureddine Boutarfa, Algerian energy minister. We've seen that in the past, when Saudi Arabia was serious about cutting down oil, it has significantly impacted the oil price. John Sfakianakis, Gulf Research Center Many oil income reliant states have welcomed OPEC's decision, in light of the dramati...
published: 01 Oct 2016 -
Beyond Brexit: The consequences of Britain's great exit - Counting the Cost
Britain voted 'leave' last Thursday, opting to quit the 28-nation European Union in an historic move, ending its 43-year relationship with Europe. With results almost too close to call until the early hours of Friday morning, the decision to leave the EU is now preempted to have the biggest effect on the European - and in turn, global - financial system since the economic crisis of 2008. As and when Article 50 is activated - once Britain 'officially' notifies the European Union of its departure - a two-year separation process is set into motion, resulting in the final split. This is the first time that any nation has decided to leave the bloc, and questions about other countries participating in similar referendums have already been posed. But what does the leave campaign's victory act...
published: 25 Jun 2016
OPEC and the stagnant price of oil - Counting the Cost
- Order: Reorder
- Duration: 24:51
- Updated: 01 Oct 2016
- views: 76
The 15th International Energy Forum, held in Algiers earlier this week, saw OPEC members decide to cut production by about 800,000 barrels per day. The cut woul...
The 15th International Energy Forum, held in Algiers earlier this week, saw OPEC members decide to cut production by about 800,000 barrels per day. The cut would not be consistent across all member states but was significant nonetheless, being the first in eight years.The move is forecast to stabilise global oil prices.
"Today OPEC has taken an historic decision. OPEC will go back to its role of monitoring the market. It's a role that it lost many years ago, that it is now reclaiming," said Noureddine Boutarfa, Algerian energy minister.
We've seen that in the past, when Saudi Arabia was serious about cutting down oil, it has significantly impacted the oil price.
John Sfakianakis, Gulf Research Center
Many oil income reliant states have welcomed OPEC's decision, in light of the dramatic drops in oil prices from $110 per barrel in 2014, to less than $30 per barrel this year.
However, details on the production cut are still vague. There are yet to be any specifics concerning which of the OPEC states will be set to decrease their output, how long for and when the plan will come into play.
With a formal OPEC gathering set for 30th November - which means that realistically, effects from this decision will only really come to fruition in the New Year - concerns about compliance are arising.
Experts say the oil price wars have been affected by the competition between traditional oil producers and U.S. shale producers. Regionally, there is also a high tension relationship between Saudi Arabia and Iran, to consider. Saudi Arabia and fellow Gulf states, however, maintain that no politically-driven decisions have been made. Some analysts have faith in what is to come from these member states.
"The change in tone, the body language from Saudi Arabia, that they are willing to work together with other producers... and it's not that they haven't been trying to do that - other producers have to give something as well," says Amrita Sen, chief oil analyst at Energy Aspects.
Also on Counting the Cost:
A new domain name system: As of October 1, the U.S. government will no longer supervise the internet's domain name system - domains are the 'addresses' by which autonomous networks around the global internet scope connect with each other on a voluntary basis. The Internet Corporation for Assigned Names and Numbers (ICANN) is now responsible for managing these addresses.
We speak with Andrew Sullivan, fellow at the DYN Internet Company, about safeguarding the internet, ensuring the absence of political intervention and how ICANN's new role can affect the 3.5 billion internet users worldwide.
Protectionism and the U.S. elections: We sit with Christine Lagarde, the managing director of the International Monetary Fund to discuss the fear of protectionism resultant from the current presidential election race, plus her take on gender equality measures.
"Efforts have to be undertaken, deliberate efforts, to include women. It does not reduce the pie, it does not eliminate boys - men. It improves the position."
Mission to Mars: CEO of SpaceX, Elon Musk, says he has a plan for interplanetary transport between Earth and Mars. A fleet of one thousand spaceships, carrying 100 volunteers at a time are part of the plan to see if humans can colonise Mars. An unmanned mission is set for 2018, whilst plans for the first human visitor are a decade away.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
wn.com/Opec And The Stagnant Price Of Oil Counting The Cost
The 15th International Energy Forum, held in Algiers earlier this week, saw OPEC members decide to cut production by about 800,000 barrels per day. The cut would not be consistent across all member states but was significant nonetheless, being the first in eight years.The move is forecast to stabilise global oil prices.
"Today OPEC has taken an historic decision. OPEC will go back to its role of monitoring the market. It's a role that it lost many years ago, that it is now reclaiming," said Noureddine Boutarfa, Algerian energy minister.
We've seen that in the past, when Saudi Arabia was serious about cutting down oil, it has significantly impacted the oil price.
John Sfakianakis, Gulf Research Center
Many oil income reliant states have welcomed OPEC's decision, in light of the dramatic drops in oil prices from $110 per barrel in 2014, to less than $30 per barrel this year.
However, details on the production cut are still vague. There are yet to be any specifics concerning which of the OPEC states will be set to decrease their output, how long for and when the plan will come into play.
With a formal OPEC gathering set for 30th November - which means that realistically, effects from this decision will only really come to fruition in the New Year - concerns about compliance are arising.
Experts say the oil price wars have been affected by the competition between traditional oil producers and U.S. shale producers. Regionally, there is also a high tension relationship between Saudi Arabia and Iran, to consider. Saudi Arabia and fellow Gulf states, however, maintain that no politically-driven decisions have been made. Some analysts have faith in what is to come from these member states.
"The change in tone, the body language from Saudi Arabia, that they are willing to work together with other producers... and it's not that they haven't been trying to do that - other producers have to give something as well," says Amrita Sen, chief oil analyst at Energy Aspects.
Also on Counting the Cost:
A new domain name system: As of October 1, the U.S. government will no longer supervise the internet's domain name system - domains are the 'addresses' by which autonomous networks around the global internet scope connect with each other on a voluntary basis. The Internet Corporation for Assigned Names and Numbers (ICANN) is now responsible for managing these addresses.
We speak with Andrew Sullivan, fellow at the DYN Internet Company, about safeguarding the internet, ensuring the absence of political intervention and how ICANN's new role can affect the 3.5 billion internet users worldwide.
Protectionism and the U.S. elections: We sit with Christine Lagarde, the managing director of the International Monetary Fund to discuss the fear of protectionism resultant from the current presidential election race, plus her take on gender equality measures.
"Efforts have to be undertaken, deliberate efforts, to include women. It does not reduce the pie, it does not eliminate boys - men. It improves the position."
Mission to Mars: CEO of SpaceX, Elon Musk, says he has a plan for interplanetary transport between Earth and Mars. A fleet of one thousand spaceships, carrying 100 volunteers at a time are part of the plan to see if humans can colonise Mars. An unmanned mission is set for 2018, whilst plans for the first human visitor are a decade away.
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- published: 01 Oct 2016
- views: 76
Beyond Brexit: The consequences of Britain's great exit - Counting the Cost
- Order: Reorder
- Duration: 25:01
- Updated: 25 Jun 2016
- views: 10776
Britain voted 'leave' last Thursday, opting to quit the 28-nation European Union in an historic move, ending its 43-year relationship with Europe. With results ...
Britain voted 'leave' last Thursday, opting to quit the 28-nation European Union in an historic move, ending its 43-year relationship with Europe. With results almost too close to call until the early hours of Friday morning, the decision to leave the EU is now preempted to have the biggest effect on the European - and in turn, global - financial system since the economic crisis of 2008.
As and when Article 50 is activated - once Britain 'officially' notifies the European Union of its departure - a two-year separation process is set into motion, resulting in the final split.
This is the first time that any nation has decided to leave the bloc, and questions about other countries participating in similar referendums have already been posed.
But what does the leave campaign's victory actually mean for the global markets? How will the United Kingdom re-form itself, especially in light of Scotland's likely call for independence?
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Beyond Brexit The Consequences Of Britain's Great Exit Counting The Cost
Britain voted 'leave' last Thursday, opting to quit the 28-nation European Union in an historic move, ending its 43-year relationship with Europe. With results almost too close to call until the early hours of Friday morning, the decision to leave the EU is now preempted to have the biggest effect on the European - and in turn, global - financial system since the economic crisis of 2008.
As and when Article 50 is activated - once Britain 'officially' notifies the European Union of its departure - a two-year separation process is set into motion, resulting in the final split.
This is the first time that any nation has decided to leave the bloc, and questions about other countries participating in similar referendums have already been posed.
But what does the leave campaign's victory actually mean for the global markets? How will the United Kingdom re-form itself, especially in light of Scotland's likely call for independence?
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 25 Jun 2016
- views: 10776
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26:01
China in debt - Counting the Cost
The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adj...
published: 24 Sep 2016
China in debt - Counting the Cost
China in debt - Counting the Cost
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- published: 24 Sep 2016
- views: 166
25:56
Australia and China: Turning the page - Counting the Cost
Australia, a vast continent rich in natural resources, is enjoying the longest economic ex...
published: 03 Sep 2016
Australia and China: Turning the page - Counting the Cost
Australia and China: Turning the page - Counting the Cost
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- published: 03 Sep 2016
- views: 103
26:01
Inside the murky world of negative interest rates - Counting the Cost
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole...
published: 27 Aug 2016
Inside the murky world of negative interest rates - Counting the Cost
Inside the murky world of negative interest rates - Counting the Cost
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- published: 27 Aug 2016
- views: 1104
26:01
The most powerful economic job in the world - Counting the Cost
As Hillary Clinton and Donald Trump emerge victorious from their respective party conventi...
published: 30 Jul 2016
The most powerful economic job in the world - Counting the Cost
The most powerful economic job in the world - Counting the Cost
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- published: 30 Jul 2016
- views: 1174
25:01
Turkey's economy after the coup - Counting the Cost
Last week, Turkey overcame a failed attempted coup and has since seen massive political up...
published: 23 Jul 2016
Turkey's economy after the coup - Counting the Cost
Turkey's economy after the coup - Counting the Cost
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- published: 23 Jul 2016
- views: 23
26:01
Brexit fallout: The global economic impact - Counting the Cost
The outcome of the EU referendum in Britain didn't just shake-up the United Kingdom, it al...
published: 09 Jul 2016
Brexit fallout: The global economic impact - Counting the Cost
Brexit fallout: The global economic impact - Counting the Cost
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- published: 09 Jul 2016
- views: 206
25:46
The global steel industry: What's behind the downturn? - Counting the Cost
We explore the reasons behind the steady collapse of the steel economy, from China to Brit...
published: 16 Apr 2016
The global steel industry: What's behind the downturn? - Counting the Cost
The global steel industry: What's behind the downturn? - Counting the Cost
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- published: 16 Apr 2016
- views: 4983
25:01
Behind Venezuela's looming collapse - Counting the Cost
With dire food shortages, hyperinflation and chronic power outages, Venezuela's economic c...
published: 28 May 2016
Behind Venezuela's looming collapse - Counting the Cost
Behind Venezuela's looming collapse - Counting the Cost
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- published: 28 May 2016
- views: 32382
25:01
Crude power: The oil game uncovered - Counting the Cost
In an attempt to tackle the global oil crisis, OPEC and non-OPEC oil producers held an ext...
published: 24 Apr 2016
Crude power: The oil game uncovered - Counting the Cost
Crude power: The oil game uncovered - Counting the Cost
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- published: 24 Apr 2016
- views: 9066
25:12
Turkey and Russia: The billion dollar handshake - Counting the Cost
When Turkey shot down a Russian military jet last November, business ties between the two ...
published: 13 Aug 2016
Turkey and Russia: The billion dollar handshake - Counting the Cost
Turkey and Russia: The billion dollar handshake - Counting the Cost
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- published: 13 Aug 2016
- views: 5295
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5:18
Bruxy Cavey teaching on "counting the cost" before following Jesus
published: 03 Oct 2016
Bruxy Cavey teaching on "counting the cost" before following Jesus
Bruxy Cavey teaching on "counting the cost" before following Jesus
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- published: 03 Oct 2016
- views: 1
38:22
Don Walker Counting the Cost
Oct. 2, 2016 Morning Worhip Service Sermon by Don Walker "Counting the Cost" at Trenton C...
published: 02 Oct 2016
Don Walker Counting the Cost
Don Walker Counting the Cost
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- published: 02 Oct 2016
- views: 3
24:51
OPEC and the stagnant price of oil Counting the Cost
What new OPEC production cuts mean for global oil prices. Plus, who owns the web?
published: 02 Oct 2016
OPEC and the stagnant price of oil Counting the Cost
OPEC and the stagnant price of oil Counting the Cost
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- published: 02 Oct 2016
- views: 1
42:05
Al Jazeera English - The world's worst-performing economy - Counting the Cost - Al Jazeera English
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published: 30 Sep 2016
Al Jazeera English - The world's worst-performing economy - Counting the Cost - Al Jazeera English
Al Jazeera English - The world's worst-performing economy - Counting the Cost - Al Jazeera English
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- published: 30 Sep 2016
- views: 22
20:31
Counting the Cost
What does it really cost to follow Jesus? is it truly free, or will it cost me everything ...
published: 26 Sep 2016
Counting the Cost
Counting the Cost
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- published: 26 Sep 2016
- views: 7
42:55
Inside the murky world of negative interest rates Counting the Cost
Every year, bankers from the US Central Bank and leading economists gather in Jackson Hole...
published: 25 Sep 2016
Inside the murky world of negative interest rates Counting the Cost
Inside the murky world of negative interest rates Counting the Cost
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- published: 25 Sep 2016
- views: 0
26:06
Counting the Cost - Dr. Stuart Pickell
Music and Message recorded at the 11am Worship Service on Sunday September 25, 2016 at Wes...
published: 25 Sep 2016
Counting the Cost - Dr. Stuart Pickell
Counting the Cost - Dr. Stuart Pickell
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- published: 25 Sep 2016
- views: 8
26:01
China in debt Counting the Cost
published: 25 Sep 2016
China in debt Counting the Cost
China in debt Counting the Cost
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- published: 25 Sep 2016
- views: 5
20:36
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
published: 23 Sep 2016
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
Assessment Task 1 - Creative Project: 'Counting the Cost' Ben Davis (a140870) BIB201
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- published: 23 Sep 2016
- views: 5
12:23
Counting the Cost of Change
Counting the Cost of Change. A sermon preached at St John's, Dunsford, Sept 4, 2016 by the...
published: 21 Sep 2016
Counting the Cost of Change
Counting the Cost of Change
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- published: 21 Sep 2016
- views: 5
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24:51
OPEC and the stagnant price of oil - Counting the Cost
The 15th International Energy Forum, held in Algiers earlier this week, saw OPEC members d...
published: 01 Oct 2016
OPEC and the stagnant price of oil - Counting the Cost
OPEC and the stagnant price of oil - Counting the Cost
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- published: 01 Oct 2016
- views: 76
25:01
Beyond Brexit: The consequences of Britain's great exit - Counting the Cost
Britain voted 'leave' last Thursday, opting to quit the 28-nation European Union in an his...
published: 25 Jun 2016
Beyond Brexit: The consequences of Britain's great exit - Counting the Cost
Beyond Brexit: The consequences of Britain's great exit - Counting the Cost
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- published: 25 Jun 2016
- views: 10776
OPEC and the stagnant price of oil - Counting the ...
Beyond Brexit: The consequences of Britain's great...
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Lyrics list:lyrics
-
Counting The Cost
-
Counting The Cost
Counting The Cost
There is a boxer, a young boxer, living across the street from me,
There is a woman living in my house,
There's a light in the kitchen that needs my attention,
Over in the corner there's a magazine rack,
There's a garden growing in the back,
Now, what's a poor soul to do?
Keeping track of all of this and all of that.
Counting the cost and keeping track of all of this and all of that,
Counting the cost and keeping track of all of this and all of that.
There is a picture, a sad picture, of a little boy holding on,
Maybe he's dead now, maybe he's alive,
There's a time to get angry and a time to be sweet,
Maybe I should telephone grandmother, tell her how much I've been missing her.
Oh, what's a poor soul to do?
Keeping track of all of this and all of that.
Counting the cost and keeping track of all of this and all of that,
Counting the cost and keeping track of all of this and all of that.
Counting the cost and keeping track of all of this and all of that,
Counting the cost, just staying true to what it is I know to do,
Fore every unkind word I spoke, counting the cost and keeping track,
For all the money I kept for myself, counting the cost and keeping track,
For every unreturned phone call, counting the cost and keeping track,
For every prayer I locked up tight, counting the cost and keeping track,
I'm done and running out of things to say,
I'm running out of time to say it,
back
Vladimir Putin ally tells Americans: Elect Donald Trump or face nuclear war
Edit The Times of India 13 Oct 2016
Americans should vote for Donald Trump as president next month or risk being dragged into a nuclear war, according to a Russian ultra-nationalist ally of President Vladimir Putin who likes to compare himself to the US Republican candidate ... "Relations between Russia and the United States can't get any worse ... The Russian Trump? ... He's the only one who can do this," he said, adding that Trump could even win a Nobel peace prize....
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Advance Voting Proves Positive For Clinton in Swing States
Edit WorldNews.com 14 Oct 2016
As the election is moving to the final month, the new set of data from the first round of ballots cast show positive signs for Clinton in North Carolina and Florida, according to The Associates Press ... The Republican National Committee said they were confident that their significant focus on early investment will help put the party in a strong position....
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New Brit Hubble analysis finds 2,000 billion galaxies, 10x previous count
Edit The Register 14 Oct 2016
Space is big. Really big. You just won't believe how vastly hugely mindbogglingly big it is. New Brit Hubble analysis finds 2,000 billion galaxies, 10x previous count Space is big. Really big ... Space is big ... You just won't believe how vastly hugely mindbogglingly big it is, because new analysis of data from the Hubble Space Telescope and other observatories suggests there are ten times more galaxies out there than previously thought. ....
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BREAKING: Car Bomb Kills At Least 20 People Near Syrian-Turkish Border
Edit WorldNews.com 13 Oct 2016
At least 20 people, were killed after a car bomb exploded Thursday near a checkpoint close to the Bab al Salam border crossing on the Turkish-Syrian border in northern Syria, two witnesses told Reuters. The report claims most of those killed were Syrian rebel fighters.The witnesses said the blast took place near a checkpoint manned by a group of ......
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Philippines drug crackdown prompts warning from ICC
Edit The Guardian 14 Oct 2016
The international criminal court’s chief prosecutor has said she is “deeply concerned” about reports of extrajudicial killings of suspected drug dealers and users in the Philippines. Fatou Bensouda also said that statements by “high officials” in the Asian nation “seem to condone such killings” ... The constitution also prohibits any cruel and inhumane punishments, including the death penalty....
Greens say Formula 1 Grand Prix costs are out of control (Australian Greens)
Edit Public Technologies 14 Oct 2016
'The last five grand prix events have cost Victorian taxpayers almost $290 million, with an extra $4.3 million government allocation for 'capital works' in the last two years, Greens MP for the Southern Metropolitan Region,' Sue Pennicuik said today ... 'The Grand Prix Corporation is not even required to accurately count the number of attendees, like all other sporting events do, despite this massive taxpayer largesse....
World Sight Day observed
Edit The Himalayan 14 Oct 2016
The Right to Sight’ and is coordinated by IAPB in cooperation with the WHO ... On this occasion, TIO and its community eye centres registered patients below the age of 18 and above the age of 60 for free of cost besides raising awareness about the importance of eye health in the presence of representatives from governmental and non-governmental agencies, general public and eye patients....
Money worries not new at UNM, but now ink is deep red
Edit Albuquerque Journal 14 Oct 2016
In 1999, UNM managed to finish in the black to the tune of $11,943 ... Back then, Davalos had just finished the unpleasant task of cutting men’s swimming, men’s gymnastics and wrestling ... “Football is the biggest cost, but it’s the biggest opportunity,” UNM President Robert Frank said this year ... In the years since, costs for salaries, facilities, scholarships, etc., soared ... UNM desperately clings to the vine....
Temple committee lodges complaint against employee
Edit The Times of India 14 Oct 2016
The managing committee of Mahakal temple on Thursday lodged a complaint with the police against an employee for allegedly stealing donation money during counting process of boxes ... The CCTV footages showed Sharma hiding currency notes of higher denominations - Rs 500 and Rs 1000 - under his feet while counting....
Del Frisco’s Restaurant Group, Inc. Announces Third Quarter 2016 Results
Edit Stockhouse 14 Oct 2016
We are also in various stages of negotiations on multiple additional outstanding sites. Each of these upcoming Del Frisco’s Grille openings contain elements of ‘the Grille of the future’ which is based upon a more scalable, more efficient, and more cost-effective prototype.” ... General and administrative costs held steady at $5.2 million ......
Man found guilty of attempting to murder two Burbank police officers gets 81 years to ...
Edit The Los Angeles Times 14 Oct 2016
Jamie Warren Willard was found guilty in July of two counts of attempted murder of a peace ......
Del Frisco's Restaurant Group, Inc. Announces Third Quarter 2016 Results (Del Frisco’s Restaurant Group Inc)
Edit Public Technologies 14 Oct 2016
Each of these upcoming Del Frisco's Grille openings contain elements of 'the Grille of the future' which is based upon a more scalable, more efficient, and more cost-effective prototype.' ... General and administrative costs held steady at $5.2 million in the third quarter of 2016 as compared to the same period last year ... and administrative costs....
Torrance High wrestling coach found guilty of molesting 25 boys
Edit Daily Breeze 14 Oct 2016
Thomas Snider, 48, showed no emotion as a Torrance Superior Court clerk read the jury's verdicts finding him guilty of 26 felony counts of lewd acts upon a child 14 or 15 years old, three felony counts of lewd acts upon a child under 14, and eight misdemeanor counts of child molesting....
Clinton County Grand Jury hands down indictments
Edit Wilmington News Journal 14 Oct 2016
The names, ages, residences, and charges of those people recently indicted by a Clinton County grand jury are provided below ... Cordero II, 26, of Xenia, was indicted with two counts of operating a vehicle under the influence of drugs or alcohol, and failing to comply with an order or signal of a police officer ... Jervis has since pled guilty to one count, with the other two charges dismissed....
Mountain Warehouse warns of higher prices after Brexit as sales hit record £77m
Edit Belfast Telegraph 14 Oct 2016
Outdoor retailer Mountain Warehouse has notched up record sales in the first half of the year, but boss Mark Neale warned that the collapse in sterling will mean higher prices for shoppers from next year ... We're hedged until February 2016, but after that we're going to have to deal with the increased costs in three ways ... "We have a lot of foreign workers, from inside and outside the EU, but we've never thought to count them....
Mountain Warehouse warns of higher prices after Brexit
Edit Scotsman 14 Oct 2016
Outdoor retailer Mountain Warehouse has notched up record first-half sales, but its boss warned that the collapse in sterling will mean higher prices for shoppers from next year ... Founder and chief executive Mark Neale said the chain would have to deal with increased costs sparked by the falling pound “in three ways” ... “We have a lot of foreign workers, from inside and outside the EU, but we've never thought to count them....
October 13, 2016: Torrance High School Wrestling Coach Found Guilty of Lewd Acts with 25 Students (Los Angeles County District Attorney’s Office)
Edit Public Technologies 14 Oct 2016
The former head coach of the Torrance High School wrestling team was found guilty today of 37 counts of lewd acts and child molesting, the Los Angeles County District Attorney's Office announced ... upon a child 14 or 15 years old, three felony counts of felony lewd acts upon a child under the age of 14 and eight misdemeanor counts of child molesting....
Candidate jailed on sex charges
Edit Star Advertiser 14 Oct 2016
A candidate for the state House race in West Maui was being held in jail Thursday, charged with multiple counts of sexual assault involving a minor ... The charges include five counts of first-degree sexual assault and three counts of third-degree sexual assault ... He is running against McKelvey for the third time....
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