- published: 05 Nov 2016
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US Incorporated is on the brink of finding out who will inherit the White House in one of the most unpredictable elections in modern history. On the eve of that vote, we look at what kind of economy the new president will inherit and why the world is afraid of a potential Brexit moment.
Russell Jones, a partner at Llewellyn Consulting, walks us through the difference between a US economy under Hillary Clinton and a US economy under Trump.
According to him, "they are poles apart.... Under Trump everything that we've thought is certain since 1945 is under threat.... We're going to get huge tax cuts, strange deregulation, more inequality. A really strange cocktail that doesn't have any numbers that add up."
"I think markets and economists generally will be much more concerned by a Trump win than by a Hillary Clinton win," Jones adds.
We also take a look at something called the VIX Index. Basically it's a fear gauge, and as the presidential race has narrowed, the index has been going up.
"The VIX tells us a lot about uncertainty and it is known as the fear index. I would expect if the polls continue to hint at a very close fight in this election campaign if not a Trump victory, that that index will continue to march higher. It's not good news. A lot of uncertainty in financial markets is also reflected in uncertainty for businesses and consumers as well. And it does tell you that people are beginning to grasp the possibility of a very different macroeconomic environment, policy environment, to the one we've been used to," explains Jones.
However, Jones says that the financial markets themselves have a very powerful way of exerting discipline on politicians: "The fact is, the populists very rarely get what they say they are going to deliver when they actually get into power."
Al Jazeera's White House correspondent Patty Culhane looks at the role of comedy in the 2016 US presidential election.
Also on this episode of Counting the Cost:
The Brexit court ruling: A landmark decision by the High Court has thrown a spanner in the works for the United Kingdom. The government cannot trigger Article 50 - to leave the EU - without approval from the parliament. We examine how the markets and economists have digested the news. Callum Williams, UK economics correspondent for The Economist, talks to Counting the Cost about the economic impact of the ruling and the Brexit process.
Egypt's big currency move: Egypt is allowing its pound to float for the first time, but while that helps secure a badly-needed loan from the IMF, it may make life more difficult for everyday Egyptians. Jason Tuvey, Middle East economist at Capital Economics, believes that "in the short term, there will be some pain, inflation is to rise quite sharply."
China's aviation prowess: We went to an air show in Guangdong Province to see how far technological innovation has come in the People's Republic of China.
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Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So what do Deutsche Bank's problems say about the overall health of the financial system? Eight years on from the global financial crisis, are the banks still too big to fail?
The bank's troubles date back to 2008, when it mis-sold banking products called Mortgage Backed Securities - the very straw that broke the global financial system almost a decade ago. The US Department of Justice is demanding $14bn back in fines from Deutsche Bank to settle civilian lawsuits related to the mis-selling.
New European Union bail-in rules mean the German tax payer is protected from involvement with bank fines which all but rules out German state aid.
Deutsche Bank has also failed banking "stress tests", which demonstrate how well banks would do in a severe market shock similar to the global financial crisis.
But some argue that the position Deutsche Bank finds itself in is not quite as simple as it may seem. With what is predicted to be a solid balance sheet in terms of liquidity and deposit-loans ratio, Chris Wheeler, banking analyst at Atlantic Equities, a US brokerage firm based in London, clarifies:
"The problem it [Deutsche Bank] has is two-fold really: It is still trying to rebuild its earnings in markets that aren't very favourable to it in investment banking. The other problem, of course, is its capital - it has something called a 10.8 percent common equity tier one ratio. That's kind of moderate compared to its peers, but obviously it's under pressure if we have this very substantial US fine."
With a much stronger balance sheet than some of the biggest banks that fell in the crisis, such as Lehman Brothers, and a solid bill of deposits rendering not liquidity but capital as the main issue for Deutsche Bank, does this further solidify fears of another global crisis?
"This has proved the point that 'too big to fail' is still with us. All the fear that gathered last week about Deutsche Bank and its prospects just reminded everybody that despite the fact that the balance sheets are much stronger, regulators will force banks to hold more capital, more liquidity, despite all of that ... if Deutsche Bank were to collapse into the mode of Lehman Brothers and bankruptcy, the ripples will be absolutely enormous," says Chris Wheeler.
Also on this episode of Counting the Cost:
South Korea's new limits: South Korea's tough new anti-graft laws are sending shockwaves to the local business community. It's now a fine line to tread when wining and dining your guests - if they happen to be a journalist, a teacher or a public servant.
Paris Motor Show and the future of driving: We head to the auto show where it seems to be less about the car and more about the technology inside - which could change the entire driving experience. Kamahl Santamaria talks to Luca de Meo, the CEO of Seat Cars, about change in the automotive industry and the future of driving.
Property and divorce in China: In Naniing, China, a new law is limiting the number of properties a married couple can own. But the government's attempt to curb rising property prices in one of China's biggest cities, has had an unforeseen result: a surge in the divroce rate as couples are splitting up to buy more property.
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- published: 08 Oct 2016
- views: 6308
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: 12092
With Samsung's formal recall of the Galaxy Note 7 amidst news of the mobile phone model spontaneously catching fire and injuring some users, flight bans due to the same and third quarter profits slashed, can the popular consumer brand recover from one of the worst spots in its history?
We do expect at Brand Finance a significant hit to Samsung's brand strength and brand value in the short-term.
Robert Haigh, director of marketing, Brand Finance
As rival Apple enjoys a ten-month stock high, Samsung also has billions of its share price being knocked off to contend with, and a reputation crisis to manage.
In Seoul, Samsung's home, consumers are in two minds. Some believe it is the urge to produce at an unrelenting rate which has caused Samsung's current predicament. Others believe this is only a bump in the road for the conglomorate, and handled the right way, could soon be a thing of the past. With its revenues equivalent to a fifth of the South Korean economy, this could easily be the case.
But has the company done enough to minimise reputation damage and has there been enough transparency about the faulty phone model to encourage consumers to trust in Samsung once again? Some analysts question the lack of publicity in that regard.
"In terms of a public engagement point of view, there are certainly lessons that Samsung can learn," says Robert Haigh, director of marketing at Brand Finance, a brand valuation consultancy based in London. "The idea that they've 'hidden' this is perhaps an overstatement, but certainly the idea that they haven't communicated enough is a fair criticism. They probably will suffer somewhat in terms of consumer trust as a result of that."
There is also the question of new customers and whether Samsung will be able to grow its market share, considering consumer brand loyalties to other brands in combination with this recent blunder.
"There will be a very significant problem with market share in the short-term," continues Haigh, "but the truth is in western mature markets, there is already a very high saturation of smart phones, so there is limited scope for the attraction of new customers."
Also on this episode of Counting the Cost:
Africa's largest mobile phone market: The mobile phone industry has contributed over $4.5 billion dollars to Nigeria's economy in the first quarter of this year, alone. All this growth has, however, led to a different set of problems, including network congestion and quality of service. Fines and sanctions on operators have left the country in a flurry of network improvement tasks.
We speak with Bassim Haidar, CEO of the Channel IT Group which brings infrastructure, technologies and services to emeging markets since the early 1990s about the evolution of the challenges facing the mobile industry.
Qatar Airways Boeing shopping spree: Last week, Qatar Airways spent $18.6 billion dollars on up to 100 new airplanes. This comes as part of the airlines' continuous expansion which has seen the fleet increase from 4 to 188 planes in the last two decades alone. The airlines also flies to 150 destinations and made an estimated $9.8 billion in revenue last year in due course. It is also the world's third largest air cargo operator.
Akbar Al Baker, CEO of Qatar Airways, spoke to us after the Boeing announcement about the Open Skies agreement, the Airbus delayed delivery debacle and the new cap on aviation emissions.
Sweet taxes: The World Health Organisation (WHO) has urged countries this week to impose taxes on sugary drinks as a means to combat the increasingly alarming obesity crisis. However, with giants like Coca Cola and Pepsi making backhanded moves to protect themselves, such as millions of dollars of donations to health organisations, the route to a healthier diet is a lot more complicated than previously thought.
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- published: 15 Oct 2016
- views: 8543
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.
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- published: 24 Sep 2016
- views: 45871
The king is dead and Thailand is officially in mourning for an entire year. So what sort of impact will this have on the country and its economy, especially after a decade filled with political turmoil?
In 2004, tourism was accountable for up to 19.3 percent of Thailand's GDP, but with the military coup of 2014, the traditionally resilient Thai economy struggled.
Now with the country in a subdued mood - especially for the first 30 days after the king's death - there are concerns there could be an economic downturn. The growth forecast has already been set for only 3.1 percent this year.
But beyond that, there's the issue of a decade of political instability in Thailand - the type which can easily put foreign investors off.
How likely is a long-term downturn as a result of said unpredictability?
"That is the big question," says Reuben Mondejar from City University of Hong Kong. "We will have to see what the effect will be of the handover, of the change. The king died, and the crown prince has asked for the coronation to be postponed, and there seems to be a power struggle going on ... investors will take a look how that plays [out] ... stability is the key for investment."
Whether we're talking military, civilian or monarchy, the leadership in Thailand will have to work to safeguard its economy.
Saudi Arabia making history
With the oil price still stagnant, Saudi Arabia has made its most tangible move yet to create money from other sources. This past week, it went to the debt markets and made its first international bond offering - which brought in over $17bn - and such was the interest it could easily have sold more.
It's something of a watershed moment for the Gulf economies - a record-breaking capital raising which didn't have anything to do with the oil industry. This is only part of Saudi Arabia's plans to diversify its economy away from oil production.
We speak with Marc Ostwald, strategist at ADM Investor Services International in London, about what this means for the Gulf nation and the work that still needs to be done to help prop up an economy that has been black gold reliant for so long.
Ireland's hard Brexit
The British Pound is already falling in anticipation of Brexit, and that's having an effect on neighbouring Ireland. It is even forecast that the currency will potentially drop to fresh lows, exceeding the three-decade low it currently nestles in.
Ireland exports 50 percent of its food products to the UK, and the falling value of the pound means their profits and revenues are falling, too. And with Ireland only two years into its recovery from a financial crisis and bailout, it can ill afford another hit to the local economy.
John McGrane, director general of the British Irish Chamber of Commerce, speaks to the Counting the Cost about what the Brexit scenario will mean for employment in the emerald isle, indigenous Irish firms, and potential government intervention.
Latin America's urban sprawl race
The United Nations has already estimated that by the middle of this century, 70 percent of the world's population will live in cities full of pollution and overcrowding. In Santiago and Buenos Aires, the movement of the population into the larger cities is evident.
Cities cover only 2 percent of the world's land mass, consume 60 percent of our energy and generate 70 percent of total global waste - more than 800 million people live in slum conditions.
Al Jazeera's Daniel Schweimler reports from Buenos Aires on the UN Habitat III conference taking place in Quito, Ecuador.
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- published: 25 Oct 2016
- views: 3859
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.
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- published: 03 Sep 2016
- views: 16394
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: 6450
Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the world's most elderly population, Japan's currently stagnant economy has carved out a unique set of issues.
The world's third largest economy hasn't grown in years, with governments consistently failing to battle deflation, i.e. when prices and wages do not increase.
Prime Minister Shinzō Abe has been fighting the deflation problem since 2012, using his own brand of economic standards known as 'Abenomics' and the ensuing 'economic arrows' - lifelines to reinvigorate the staticity.
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- published: 06 Aug 2016
- views: 6957
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: 4424
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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25:56US elections: Why economic anxiety is on the rise - Counting the Cost
US elections: Why economic anxiety is on the rise - Counting the CostUS elections: Why economic anxiety is on the rise - Counting the Cost
US Incorporated is on the brink of finding out who will inherit the White House in one of the most unpredictable elections in modern history. On the eve of that vote, we look at what kind of economy the new president will inherit and why the world is afraid of a potential Brexit moment. Russell Jones, a partner at Llewellyn Consulting, walks us through the difference between a US economy under Hillary Clinton and a US economy under Trump. According to him, "they are poles apart.... Under Trump everything that we've thought is certain since 1945 is under threat.... We're going to get huge tax cuts, strange deregulation, more inequality. A really strange cocktail that doesn't have any numbers that add up." "I think markets and economists generally will be much more concerned by a Trump win than by a Hillary Clinton win," Jones adds. We also take a look at something called the VIX Index. Basically it's a fear gauge, and as the presidential race has narrowed, the index has been going up. "The VIX tells us a lot about uncertainty and it is known as the fear index. I would expect if the polls continue to hint at a very close fight in this election campaign if not a Trump victory, that that index will continue to march higher. It's not good news. A lot of uncertainty in financial markets is also reflected in uncertainty for businesses and consumers as well. And it does tell you that people are beginning to grasp the possibility of a very different macroeconomic environment, policy environment, to the one we've been used to," explains Jones. However, Jones says that the financial markets themselves have a very powerful way of exerting discipline on politicians: "The fact is, the populists very rarely get what they say they are going to deliver when they actually get into power." Al Jazeera's White House correspondent Patty Culhane looks at the role of comedy in the 2016 US presidential election. Also on this episode of Counting the Cost: The Brexit court ruling: A landmark decision by the High Court has thrown a spanner in the works for the United Kingdom. The government cannot trigger Article 50 - to leave the EU - without approval from the parliament. We examine how the markets and economists have digested the news. Callum Williams, UK economics correspondent for The Economist, talks to Counting the Cost about the economic impact of the ruling and the Brexit process. Egypt's big currency move: Egypt is allowing its pound to float for the first time, but while that helps secure a badly-needed loan from the IMF, it may make life more difficult for everyday Egyptians. Jason Tuvey, Middle East economist at Capital Economics, believes that "in the short term, there will be some pain, inflation is to rise quite sharply." China's aviation prowess: We went to an air show in Guangdong Province to see how far technological innovation has come in the People's Republic of China. - 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/ -
26:01Are the banks still too big to fail? - Counting the Cost
Are the banks still too big to fail? - Counting the CostAre the banks still too big to fail? - Counting the Cost
Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So what do Deutsche Bank's problems say about the overall health of the financial system? Eight years on from the global financial crisis, are the banks still too big to fail? The bank's troubles date back to 2008, when it mis-sold banking products called Mortgage Backed Securities - the very straw that broke the global financial system almost a decade ago. The US Department of Justice is demanding $14bn back in fines from Deutsche Bank to settle civilian lawsuits related to the mis-selling. New European Union bail-in rules mean the German tax payer is protected from involvement with bank fines which all but rules out German state aid. Deutsche Bank has also failed banking "stress tests", which demonstrate how well banks would do in a severe market shock similar to the global financial crisis. But some argue that the position Deutsche Bank finds itself in is not quite as simple as it may seem. With what is predicted to be a solid balance sheet in terms of liquidity and deposit-loans ratio, Chris Wheeler, banking analyst at Atlantic Equities, a US brokerage firm based in London, clarifies: "The problem it [Deutsche Bank] has is two-fold really: It is still trying to rebuild its earnings in markets that aren't very favourable to it in investment banking. The other problem, of course, is its capital - it has something called a 10.8 percent common equity tier one ratio. That's kind of moderate compared to its peers, but obviously it's under pressure if we have this very substantial US fine." With a much stronger balance sheet than some of the biggest banks that fell in the crisis, such as Lehman Brothers, and a solid bill of deposits rendering not liquidity but capital as the main issue for Deutsche Bank, does this further solidify fears of another global crisis? "This has proved the point that 'too big to fail' is still with us. All the fear that gathered last week about Deutsche Bank and its prospects just reminded everybody that despite the fact that the balance sheets are much stronger, regulators will force banks to hold more capital, more liquidity, despite all of that ... if Deutsche Bank were to collapse into the mode of Lehman Brothers and bankruptcy, the ripples will be absolutely enormous," says Chris Wheeler. Also on this episode of Counting the Cost: South Korea's new limits: South Korea's tough new anti-graft laws are sending shockwaves to the local business community. It's now a fine line to tread when wining and dining your guests - if they happen to be a journalist, a teacher or a public servant. Paris Motor Show and the future of driving: We head to the auto show where it seems to be less about the car and more about the technology inside - which could change the entire driving experience. Kamahl Santamaria talks to Luca de Meo, the CEO of Seat Cars, about change in the automotive industry and the future of driving. Property and divorce in China: In Naniing, China, a new law is limiting the number of properties a married couple can own. But the government's attempt to curb rising property prices in one of China's biggest cities, has had an unforeseen result: a surge in the divroce rate as couples are splitting up to buy more property. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
24:51OPEC and the stagnant price of oil - Counting the Cost
OPEC and the stagnant price of oil - Counting the CostOPEC 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. 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/ -
25:56Samsung: Going up in flames - Counting the Cost
Samsung: Going up in flames - Counting the CostSamsung: Going up in flames - Counting the Cost
With Samsung's formal recall of the Galaxy Note 7 amidst news of the mobile phone model spontaneously catching fire and injuring some users, flight bans due to the same and third quarter profits slashed, can the popular consumer brand recover from one of the worst spots in its history? We do expect at Brand Finance a significant hit to Samsung's brand strength and brand value in the short-term. Robert Haigh, director of marketing, Brand Finance As rival Apple enjoys a ten-month stock high, Samsung also has billions of its share price being knocked off to contend with, and a reputation crisis to manage. In Seoul, Samsung's home, consumers are in two minds. Some believe it is the urge to produce at an unrelenting rate which has caused Samsung's current predicament. Others believe this is only a bump in the road for the conglomorate, and handled the right way, could soon be a thing of the past. With its revenues equivalent to a fifth of the South Korean economy, this could easily be the case. But has the company done enough to minimise reputation damage and has there been enough transparency about the faulty phone model to encourage consumers to trust in Samsung once again? Some analysts question the lack of publicity in that regard. "In terms of a public engagement point of view, there are certainly lessons that Samsung can learn," says Robert Haigh, director of marketing at Brand Finance, a brand valuation consultancy based in London. "The idea that they've 'hidden' this is perhaps an overstatement, but certainly the idea that they haven't communicated enough is a fair criticism. They probably will suffer somewhat in terms of consumer trust as a result of that." There is also the question of new customers and whether Samsung will be able to grow its market share, considering consumer brand loyalties to other brands in combination with this recent blunder. "There will be a very significant problem with market share in the short-term," continues Haigh, "but the truth is in western mature markets, there is already a very high saturation of smart phones, so there is limited scope for the attraction of new customers." Also on this episode of Counting the Cost: Africa's largest mobile phone market: The mobile phone industry has contributed over $4.5 billion dollars to Nigeria's economy in the first quarter of this year, alone. All this growth has, however, led to a different set of problems, including network congestion and quality of service. Fines and sanctions on operators have left the country in a flurry of network improvement tasks. We speak with Bassim Haidar, CEO of the Channel IT Group which brings infrastructure, technologies and services to emeging markets since the early 1990s about the evolution of the challenges facing the mobile industry. Qatar Airways Boeing shopping spree: Last week, Qatar Airways spent $18.6 billion dollars on up to 100 new airplanes. This comes as part of the airlines' continuous expansion which has seen the fleet increase from 4 to 188 planes in the last two decades alone. The airlines also flies to 150 destinations and made an estimated $9.8 billion in revenue last year in due course. It is also the world's third largest air cargo operator. Akbar Al Baker, CEO of Qatar Airways, spoke to us after the Boeing announcement about the Open Skies agreement, the Airbus delayed delivery debacle and the new cap on aviation emissions. Sweet taxes: The World Health Organisation (WHO) has urged countries this week to impose taxes on sugary drinks as a means to combat the increasingly alarming obesity crisis. However, with giants like Coca Cola and Pepsi making backhanded moves to protect themselves, such as millions of dollars of donations to health organisations, the route to a healthier diet is a lot more complicated than previously thought. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
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/ -
26:01Thailand's grief: An unstable economic future? - Counting the Cost
Thailand's grief: An unstable economic future? - Counting the CostThailand's grief: An unstable economic future? - Counting the Cost
The king is dead and Thailand is officially in mourning for an entire year. So what sort of impact will this have on the country and its economy, especially after a decade filled with political turmoil? In 2004, tourism was accountable for up to 19.3 percent of Thailand's GDP, but with the military coup of 2014, the traditionally resilient Thai economy struggled. Now with the country in a subdued mood - especially for the first 30 days after the king's death - there are concerns there could be an economic downturn. The growth forecast has already been set for only 3.1 percent this year. But beyond that, there's the issue of a decade of political instability in Thailand - the type which can easily put foreign investors off. How likely is a long-term downturn as a result of said unpredictability? "That is the big question," says Reuben Mondejar from City University of Hong Kong. "We will have to see what the effect will be of the handover, of the change. The king died, and the crown prince has asked for the coronation to be postponed, and there seems to be a power struggle going on ... investors will take a look how that plays [out] ... stability is the key for investment." Whether we're talking military, civilian or monarchy, the leadership in Thailand will have to work to safeguard its economy. Saudi Arabia making history With the oil price still stagnant, Saudi Arabia has made its most tangible move yet to create money from other sources. This past week, it went to the debt markets and made its first international bond offering - which brought in over $17bn - and such was the interest it could easily have sold more. It's something of a watershed moment for the Gulf economies - a record-breaking capital raising which didn't have anything to do with the oil industry. This is only part of Saudi Arabia's plans to diversify its economy away from oil production. We speak with Marc Ostwald, strategist at ADM Investor Services International in London, about what this means for the Gulf nation and the work that still needs to be done to help prop up an economy that has been black gold reliant for so long. Ireland's hard Brexit The British Pound is already falling in anticipation of Brexit, and that's having an effect on neighbouring Ireland. It is even forecast that the currency will potentially drop to fresh lows, exceeding the three-decade low it currently nestles in. Ireland exports 50 percent of its food products to the UK, and the falling value of the pound means their profits and revenues are falling, too. And with Ireland only two years into its recovery from a financial crisis and bailout, it can ill afford another hit to the local economy. John McGrane, director general of the British Irish Chamber of Commerce, speaks to the Counting the Cost about what the Brexit scenario will mean for employment in the emerald isle, indigenous Irish firms, and potential government intervention. Latin America's urban sprawl race The United Nations has already estimated that by the middle of this century, 70 percent of the world's population will live in cities full of pollution and overcrowding. In Santiago and Buenos Aires, the movement of the population into the larger cities is evident. Cities cover only 2 percent of the world's land mass, consume 60 percent of our energy and generate 70 percent of total global waste - more than 800 million people live in slum conditions. Al Jazeera's Daniel Schweimler reports from Buenos Aires on the UN Habitat III conference taking place in Quito, Ecuador. 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/ -
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/ -
25:01Is the sun setting on Japan's economic slump? - Counting the Cost
Is the sun setting on Japan's economic slump? - Counting the CostIs the sun setting on Japan's economic slump? - Counting the Cost
Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the world's most elderly population, Japan's currently stagnant economy has carved out a unique set of issues. The world's third largest economy hasn't grown in years, with governments consistently failing to battle deflation, i.e. when prices and wages do not increase. Prime Minister Shinzō Abe has been fighting the deflation problem since 2012, using his own brand of economic standards known as 'Abenomics' and the ensuing 'economic arrows' - lifelines to reinvigorate the staticity. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/ -
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/
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US elections: Why economic anxiety is on the rise - Counting the Cost
US Incorporated is on the brink of finding out who will inherit the White House in one of the most unpredictable elections in modern history. On the eve of that vote, we look at what kind of economy the new president will inherit and why the world is afraid of a potential Brexit moment. Russell Jones, a partner at Llewellyn Consulting, walks us through the difference between a US economy under Hillary Clinton and a US economy under Trump. According to him, "they are poles apart.... Under Trump everything that we've thought is certain since 1945 is under threat.... We're going to get huge tax cuts, strange deregulation, more inequality. A really strange cocktail that doesn't have any numbers that add up." "I think markets and economists generally will be much more concerned by a Trump wi...
published: 05 Nov 2016 -
Are the banks still too big to fail? - Counting the Cost
Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So what do Deutsche Bank's problems say about the overall health of the financial system? Eight years on from the global financial crisis, are the banks still too big to fail? The bank's troubles date back to 2008, when it mis-sold banking products called Mortgage Backed Securities - the very straw that broke the global financial system almost a decade ago. The US Department of Justice is demanding $14bn back in fines from Deutsche Bank to settle civilian lawsuits related to the mis-selling. New European Union bail-in rules mean the German tax payer is protected from involvement with bank fines which all but rules out German state aid. Deutsche Bank has also failed banking "stress tests", which demo...
published: 08 Oct 2016 -
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 -
Samsung: Going up in flames - Counting the Cost
With Samsung's formal recall of the Galaxy Note 7 amidst news of the mobile phone model spontaneously catching fire and injuring some users, flight bans due to the same and third quarter profits slashed, can the popular consumer brand recover from one of the worst spots in its history? We do expect at Brand Finance a significant hit to Samsung's brand strength and brand value in the short-term. Robert Haigh, director of marketing, Brand Finance As rival Apple enjoys a ten-month stock high, Samsung also has billions of its share price being knocked off to contend with, and a reputation crisis to manage. In Seoul, Samsung's home, consumers are in two minds. Some believe it is the urge to produce at an unrelenting rate which has caused Samsung's current predicament. Others believe this i...
published: 15 Oct 2016 -
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 -
Thailand's grief: An unstable economic future? - Counting the Cost
The king is dead and Thailand is officially in mourning for an entire year. So what sort of impact will this have on the country and its economy, especially after a decade filled with political turmoil? In 2004, tourism was accountable for up to 19.3 percent of Thailand's GDP, but with the military coup of 2014, the traditionally resilient Thai economy struggled. Now with the country in a subdued mood - especially for the first 30 days after the king's death - there are concerns there could be an economic downturn. The growth forecast has already been set for only 3.1 percent this year. But beyond that, there's the issue of a decade of political instability in Thailand - the type which can easily put foreign investors off. How likely is a long-term downturn as a result of said unpredic...
published: 25 Oct 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 -
Is the sun setting on Japan's economic slump? - Counting the Cost
Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the world's most elderly population, Japan's currently stagnant economy has carved out a unique set of issues. The world's third largest economy hasn't grown in years, with governments consistently failing to battle deflation, i.e. when prices and wages do not increase. Prime Minister Shinzō Abe has been fighting the deflation problem since 2012, using his own brand of economic standards known as 'Abenomics' and the ensuing 'economic arrows' - lifelines to reinvigorate the staticity. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
published: 06 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
US elections: Why economic anxiety is on the rise - Counting the Cost
- Order: Reorder
- Duration: 25:56
- Updated: 05 Nov 2016
- views: 2692
US Incorporated is on the brink of finding out who will inherit the White House in one of the most unpredictable elections in modern history. On the eve of that...
US Incorporated is on the brink of finding out who will inherit the White House in one of the most unpredictable elections in modern history. On the eve of that vote, we look at what kind of economy the new president will inherit and why the world is afraid of a potential Brexit moment.
Russell Jones, a partner at Llewellyn Consulting, walks us through the difference between a US economy under Hillary Clinton and a US economy under Trump.
According to him, "they are poles apart.... Under Trump everything that we've thought is certain since 1945 is under threat.... We're going to get huge tax cuts, strange deregulation, more inequality. A really strange cocktail that doesn't have any numbers that add up."
"I think markets and economists generally will be much more concerned by a Trump win than by a Hillary Clinton win," Jones adds.
We also take a look at something called the VIX Index. Basically it's a fear gauge, and as the presidential race has narrowed, the index has been going up.
"The VIX tells us a lot about uncertainty and it is known as the fear index. I would expect if the polls continue to hint at a very close fight in this election campaign if not a Trump victory, that that index will continue to march higher. It's not good news. A lot of uncertainty in financial markets is also reflected in uncertainty for businesses and consumers as well. And it does tell you that people are beginning to grasp the possibility of a very different macroeconomic environment, policy environment, to the one we've been used to," explains Jones.
However, Jones says that the financial markets themselves have a very powerful way of exerting discipline on politicians: "The fact is, the populists very rarely get what they say they are going to deliver when they actually get into power."
Al Jazeera's White House correspondent Patty Culhane looks at the role of comedy in the 2016 US presidential election.
Also on this episode of Counting the Cost:
The Brexit court ruling: A landmark decision by the High Court has thrown a spanner in the works for the United Kingdom. The government cannot trigger Article 50 - to leave the EU - without approval from the parliament. We examine how the markets and economists have digested the news. Callum Williams, UK economics correspondent for The Economist, talks to Counting the Cost about the economic impact of the ruling and the Brexit process.
Egypt's big currency move: Egypt is allowing its pound to float for the first time, but while that helps secure a badly-needed loan from the IMF, it may make life more difficult for everyday Egyptians. Jason Tuvey, Middle East economist at Capital Economics, believes that "in the short term, there will be some pain, inflation is to rise quite sharply."
China's aviation prowess: We went to an air show in Guangdong Province to see how far technological innovation has come in the People's Republic of China.
- 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/US Elections Why Economic Anxiety Is On The Rise Counting The Cost
US Incorporated is on the brink of finding out who will inherit the White House in one of the most unpredictable elections in modern history. On the eve of that vote, we look at what kind of economy the new president will inherit and why the world is afraid of a potential Brexit moment.
Russell Jones, a partner at Llewellyn Consulting, walks us through the difference between a US economy under Hillary Clinton and a US economy under Trump.
According to him, "they are poles apart.... Under Trump everything that we've thought is certain since 1945 is under threat.... We're going to get huge tax cuts, strange deregulation, more inequality. A really strange cocktail that doesn't have any numbers that add up."
"I think markets and economists generally will be much more concerned by a Trump win than by a Hillary Clinton win," Jones adds.
We also take a look at something called the VIX Index. Basically it's a fear gauge, and as the presidential race has narrowed, the index has been going up.
"The VIX tells us a lot about uncertainty and it is known as the fear index. I would expect if the polls continue to hint at a very close fight in this election campaign if not a Trump victory, that that index will continue to march higher. It's not good news. A lot of uncertainty in financial markets is also reflected in uncertainty for businesses and consumers as well. And it does tell you that people are beginning to grasp the possibility of a very different macroeconomic environment, policy environment, to the one we've been used to," explains Jones.
However, Jones says that the financial markets themselves have a very powerful way of exerting discipline on politicians: "The fact is, the populists very rarely get what they say they are going to deliver when they actually get into power."
Al Jazeera's White House correspondent Patty Culhane looks at the role of comedy in the 2016 US presidential election.
Also on this episode of Counting the Cost:
The Brexit court ruling: A landmark decision by the High Court has thrown a spanner in the works for the United Kingdom. The government cannot trigger Article 50 - to leave the EU - without approval from the parliament. We examine how the markets and economists have digested the news. Callum Williams, UK economics correspondent for The Economist, talks to Counting the Cost about the economic impact of the ruling and the Brexit process.
Egypt's big currency move: Egypt is allowing its pound to float for the first time, but while that helps secure a badly-needed loan from the IMF, it may make life more difficult for everyday Egyptians. Jason Tuvey, Middle East economist at Capital Economics, believes that "in the short term, there will be some pain, inflation is to rise quite sharply."
China's aviation prowess: We went to an air show in Guangdong Province to see how far technological innovation has come in the People's Republic of China.
- 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: 05 Nov 2016
- views: 2692
Are the banks still too big to fail? - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 08 Oct 2016
- views: 6308
Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So what do Deutsche Bank's problems say about the overall health of the ...
Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So what do Deutsche Bank's problems say about the overall health of the financial system? Eight years on from the global financial crisis, are the banks still too big to fail?
The bank's troubles date back to 2008, when it mis-sold banking products called Mortgage Backed Securities - the very straw that broke the global financial system almost a decade ago. The US Department of Justice is demanding $14bn back in fines from Deutsche Bank to settle civilian lawsuits related to the mis-selling.
New European Union bail-in rules mean the German tax payer is protected from involvement with bank fines which all but rules out German state aid.
Deutsche Bank has also failed banking "stress tests", which demonstrate how well banks would do in a severe market shock similar to the global financial crisis.
But some argue that the position Deutsche Bank finds itself in is not quite as simple as it may seem. With what is predicted to be a solid balance sheet in terms of liquidity and deposit-loans ratio, Chris Wheeler, banking analyst at Atlantic Equities, a US brokerage firm based in London, clarifies:
"The problem it [Deutsche Bank] has is two-fold really: It is still trying to rebuild its earnings in markets that aren't very favourable to it in investment banking. The other problem, of course, is its capital - it has something called a 10.8 percent common equity tier one ratio. That's kind of moderate compared to its peers, but obviously it's under pressure if we have this very substantial US fine."
With a much stronger balance sheet than some of the biggest banks that fell in the crisis, such as Lehman Brothers, and a solid bill of deposits rendering not liquidity but capital as the main issue for Deutsche Bank, does this further solidify fears of another global crisis?
"This has proved the point that 'too big to fail' is still with us. All the fear that gathered last week about Deutsche Bank and its prospects just reminded everybody that despite the fact that the balance sheets are much stronger, regulators will force banks to hold more capital, more liquidity, despite all of that ... if Deutsche Bank were to collapse into the mode of Lehman Brothers and bankruptcy, the ripples will be absolutely enormous," says Chris Wheeler.
Also on this episode of Counting the Cost:
South Korea's new limits: South Korea's tough new anti-graft laws are sending shockwaves to the local business community. It's now a fine line to tread when wining and dining your guests - if they happen to be a journalist, a teacher or a public servant.
Paris Motor Show and the future of driving: We head to the auto show where it seems to be less about the car and more about the technology inside - which could change the entire driving experience. Kamahl Santamaria talks to Luca de Meo, the CEO of Seat Cars, about change in the automotive industry and the future of driving.
Property and divorce in China: In Naniing, China, a new law is limiting the number of properties a married couple can own. But the government's attempt to curb rising property prices in one of China's biggest cities, has had an unforeseen result: a surge in the divroce rate as couples are splitting up to buy more property.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Are The Banks Still Too Big To Fail Counting The Cost
Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So what do Deutsche Bank's problems say about the overall health of the financial system? Eight years on from the global financial crisis, are the banks still too big to fail?
The bank's troubles date back to 2008, when it mis-sold banking products called Mortgage Backed Securities - the very straw that broke the global financial system almost a decade ago. The US Department of Justice is demanding $14bn back in fines from Deutsche Bank to settle civilian lawsuits related to the mis-selling.
New European Union bail-in rules mean the German tax payer is protected from involvement with bank fines which all but rules out German state aid.
Deutsche Bank has also failed banking "stress tests", which demonstrate how well banks would do in a severe market shock similar to the global financial crisis.
But some argue that the position Deutsche Bank finds itself in is not quite as simple as it may seem. With what is predicted to be a solid balance sheet in terms of liquidity and deposit-loans ratio, Chris Wheeler, banking analyst at Atlantic Equities, a US brokerage firm based in London, clarifies:
"The problem it [Deutsche Bank] has is two-fold really: It is still trying to rebuild its earnings in markets that aren't very favourable to it in investment banking. The other problem, of course, is its capital - it has something called a 10.8 percent common equity tier one ratio. That's kind of moderate compared to its peers, but obviously it's under pressure if we have this very substantial US fine."
With a much stronger balance sheet than some of the biggest banks that fell in the crisis, such as Lehman Brothers, and a solid bill of deposits rendering not liquidity but capital as the main issue for Deutsche Bank, does this further solidify fears of another global crisis?
"This has proved the point that 'too big to fail' is still with us. All the fear that gathered last week about Deutsche Bank and its prospects just reminded everybody that despite the fact that the balance sheets are much stronger, regulators will force banks to hold more capital, more liquidity, despite all of that ... if Deutsche Bank were to collapse into the mode of Lehman Brothers and bankruptcy, the ripples will be absolutely enormous," says Chris Wheeler.
Also on this episode of Counting the Cost:
South Korea's new limits: South Korea's tough new anti-graft laws are sending shockwaves to the local business community. It's now a fine line to tread when wining and dining your guests - if they happen to be a journalist, a teacher or a public servant.
Paris Motor Show and the future of driving: We head to the auto show where it seems to be less about the car and more about the technology inside - which could change the entire driving experience. Kamahl Santamaria talks to Luca de Meo, the CEO of Seat Cars, about change in the automotive industry and the future of driving.
Property and divorce in China: In Naniing, China, a new law is limiting the number of properties a married couple can own. But the government's attempt to curb rising property prices in one of China's biggest cities, has had an unforeseen result: a surge in the divroce rate as couples are splitting up to buy more property.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 08 Oct 2016
- views: 6308
OPEC and the stagnant price of oil - Counting the Cost
- Order: Reorder
- Duration: 24:51
- Updated: 01 Oct 2016
- views: 12092
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.
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/
- published: 01 Oct 2016
- views: 12092
Samsung: Going up in flames - Counting the Cost
- Order: Reorder
- Duration: 25:56
- Updated: 15 Oct 2016
- views: 8543
With Samsung's formal recall of the Galaxy Note 7 amidst news of the mobile phone model spontaneously catching fire and injuring some users, flight bans due to ...
With Samsung's formal recall of the Galaxy Note 7 amidst news of the mobile phone model spontaneously catching fire and injuring some users, flight bans due to the same and third quarter profits slashed, can the popular consumer brand recover from one of the worst spots in its history?
We do expect at Brand Finance a significant hit to Samsung's brand strength and brand value in the short-term.
Robert Haigh, director of marketing, Brand Finance
As rival Apple enjoys a ten-month stock high, Samsung also has billions of its share price being knocked off to contend with, and a reputation crisis to manage.
In Seoul, Samsung's home, consumers are in two minds. Some believe it is the urge to produce at an unrelenting rate which has caused Samsung's current predicament. Others believe this is only a bump in the road for the conglomorate, and handled the right way, could soon be a thing of the past. With its revenues equivalent to a fifth of the South Korean economy, this could easily be the case.
But has the company done enough to minimise reputation damage and has there been enough transparency about the faulty phone model to encourage consumers to trust in Samsung once again? Some analysts question the lack of publicity in that regard.
"In terms of a public engagement point of view, there are certainly lessons that Samsung can learn," says Robert Haigh, director of marketing at Brand Finance, a brand valuation consultancy based in London. "The idea that they've 'hidden' this is perhaps an overstatement, but certainly the idea that they haven't communicated enough is a fair criticism. They probably will suffer somewhat in terms of consumer trust as a result of that."
There is also the question of new customers and whether Samsung will be able to grow its market share, considering consumer brand loyalties to other brands in combination with this recent blunder.
"There will be a very significant problem with market share in the short-term," continues Haigh, "but the truth is in western mature markets, there is already a very high saturation of smart phones, so there is limited scope for the attraction of new customers."
Also on this episode of Counting the Cost:
Africa's largest mobile phone market: The mobile phone industry has contributed over $4.5 billion dollars to Nigeria's economy in the first quarter of this year, alone. All this growth has, however, led to a different set of problems, including network congestion and quality of service. Fines and sanctions on operators have left the country in a flurry of network improvement tasks.
We speak with Bassim Haidar, CEO of the Channel IT Group which brings infrastructure, technologies and services to emeging markets since the early 1990s about the evolution of the challenges facing the mobile industry.
Qatar Airways Boeing shopping spree: Last week, Qatar Airways spent $18.6 billion dollars on up to 100 new airplanes. This comes as part of the airlines' continuous expansion which has seen the fleet increase from 4 to 188 planes in the last two decades alone. The airlines also flies to 150 destinations and made an estimated $9.8 billion in revenue last year in due course. It is also the world's third largest air cargo operator.
Akbar Al Baker, CEO of Qatar Airways, spoke to us after the Boeing announcement about the Open Skies agreement, the Airbus delayed delivery debacle and the new cap on aviation emissions.
Sweet taxes: The World Health Organisation (WHO) has urged countries this week to impose taxes on sugary drinks as a means to combat the increasingly alarming obesity crisis. However, with giants like Coca Cola and Pepsi making backhanded moves to protect themselves, such as millions of dollars of donations to health organisations, the route to a healthier diet is a lot more complicated than previously thought.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Samsung Going Up In Flames Counting The Cost
With Samsung's formal recall of the Galaxy Note 7 amidst news of the mobile phone model spontaneously catching fire and injuring some users, flight bans due to the same and third quarter profits slashed, can the popular consumer brand recover from one of the worst spots in its history?
We do expect at Brand Finance a significant hit to Samsung's brand strength and brand value in the short-term.
Robert Haigh, director of marketing, Brand Finance
As rival Apple enjoys a ten-month stock high, Samsung also has billions of its share price being knocked off to contend with, and a reputation crisis to manage.
In Seoul, Samsung's home, consumers are in two minds. Some believe it is the urge to produce at an unrelenting rate which has caused Samsung's current predicament. Others believe this is only a bump in the road for the conglomorate, and handled the right way, could soon be a thing of the past. With its revenues equivalent to a fifth of the South Korean economy, this could easily be the case.
But has the company done enough to minimise reputation damage and has there been enough transparency about the faulty phone model to encourage consumers to trust in Samsung once again? Some analysts question the lack of publicity in that regard.
"In terms of a public engagement point of view, there are certainly lessons that Samsung can learn," says Robert Haigh, director of marketing at Brand Finance, a brand valuation consultancy based in London. "The idea that they've 'hidden' this is perhaps an overstatement, but certainly the idea that they haven't communicated enough is a fair criticism. They probably will suffer somewhat in terms of consumer trust as a result of that."
There is also the question of new customers and whether Samsung will be able to grow its market share, considering consumer brand loyalties to other brands in combination with this recent blunder.
"There will be a very significant problem with market share in the short-term," continues Haigh, "but the truth is in western mature markets, there is already a very high saturation of smart phones, so there is limited scope for the attraction of new customers."
Also on this episode of Counting the Cost:
Africa's largest mobile phone market: The mobile phone industry has contributed over $4.5 billion dollars to Nigeria's economy in the first quarter of this year, alone. All this growth has, however, led to a different set of problems, including network congestion and quality of service. Fines and sanctions on operators have left the country in a flurry of network improvement tasks.
We speak with Bassim Haidar, CEO of the Channel IT Group which brings infrastructure, technologies and services to emeging markets since the early 1990s about the evolution of the challenges facing the mobile industry.
Qatar Airways Boeing shopping spree: Last week, Qatar Airways spent $18.6 billion dollars on up to 100 new airplanes. This comes as part of the airlines' continuous expansion which has seen the fleet increase from 4 to 188 planes in the last two decades alone. The airlines also flies to 150 destinations and made an estimated $9.8 billion in revenue last year in due course. It is also the world's third largest air cargo operator.
Akbar Al Baker, CEO of Qatar Airways, spoke to us after the Boeing announcement about the Open Skies agreement, the Airbus delayed delivery debacle and the new cap on aviation emissions.
Sweet taxes: The World Health Organisation (WHO) has urged countries this week to impose taxes on sugary drinks as a means to combat the increasingly alarming obesity crisis. However, with giants like Coca Cola and Pepsi making backhanded moves to protect themselves, such as millions of dollars of donations to health organisations, the route to a healthier diet is a lot more complicated than previously thought.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 15 Oct 2016
- views: 8543
China in debt - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 24 Sep 2016
- views: 45871
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: 45871
Thailand's grief: An unstable economic future? - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 25 Oct 2016
- views: 3859
The king is dead and Thailand is officially in mourning for an entire year. So what sort of impact will this have on the country and its economy, especially aft...
The king is dead and Thailand is officially in mourning for an entire year. So what sort of impact will this have on the country and its economy, especially after a decade filled with political turmoil?
In 2004, tourism was accountable for up to 19.3 percent of Thailand's GDP, but with the military coup of 2014, the traditionally resilient Thai economy struggled.
Now with the country in a subdued mood - especially for the first 30 days after the king's death - there are concerns there could be an economic downturn. The growth forecast has already been set for only 3.1 percent this year.
But beyond that, there's the issue of a decade of political instability in Thailand - the type which can easily put foreign investors off.
How likely is a long-term downturn as a result of said unpredictability?
"That is the big question," says Reuben Mondejar from City University of Hong Kong. "We will have to see what the effect will be of the handover, of the change. The king died, and the crown prince has asked for the coronation to be postponed, and there seems to be a power struggle going on ... investors will take a look how that plays [out] ... stability is the key for investment."
Whether we're talking military, civilian or monarchy, the leadership in Thailand will have to work to safeguard its economy.
Saudi Arabia making history
With the oil price still stagnant, Saudi Arabia has made its most tangible move yet to create money from other sources. This past week, it went to the debt markets and made its first international bond offering - which brought in over $17bn - and such was the interest it could easily have sold more.
It's something of a watershed moment for the Gulf economies - a record-breaking capital raising which didn't have anything to do with the oil industry. This is only part of Saudi Arabia's plans to diversify its economy away from oil production.
We speak with Marc Ostwald, strategist at ADM Investor Services International in London, about what this means for the Gulf nation and the work that still needs to be done to help prop up an economy that has been black gold reliant for so long.
Ireland's hard Brexit
The British Pound is already falling in anticipation of Brexit, and that's having an effect on neighbouring Ireland. It is even forecast that the currency will potentially drop to fresh lows, exceeding the three-decade low it currently nestles in.
Ireland exports 50 percent of its food products to the UK, and the falling value of the pound means their profits and revenues are falling, too. And with Ireland only two years into its recovery from a financial crisis and bailout, it can ill afford another hit to the local economy.
John McGrane, director general of the British Irish Chamber of Commerce, speaks to the Counting the Cost about what the Brexit scenario will mean for employment in the emerald isle, indigenous Irish firms, and potential government intervention.
Latin America's urban sprawl race
The United Nations has already estimated that by the middle of this century, 70 percent of the world's population will live in cities full of pollution and overcrowding. In Santiago and Buenos Aires, the movement of the population into the larger cities is evident.
Cities cover only 2 percent of the world's land mass, consume 60 percent of our energy and generate 70 percent of total global waste - more than 800 million people live in slum conditions.
Al Jazeera's Daniel Schweimler reports from Buenos Aires on the UN Habitat III conference taking place in Quito, Ecuador.
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/Thailand's Grief An Unstable Economic Future Counting The Cost
The king is dead and Thailand is officially in mourning for an entire year. So what sort of impact will this have on the country and its economy, especially after a decade filled with political turmoil?
In 2004, tourism was accountable for up to 19.3 percent of Thailand's GDP, but with the military coup of 2014, the traditionally resilient Thai economy struggled.
Now with the country in a subdued mood - especially for the first 30 days after the king's death - there are concerns there could be an economic downturn. The growth forecast has already been set for only 3.1 percent this year.
But beyond that, there's the issue of a decade of political instability in Thailand - the type which can easily put foreign investors off.
How likely is a long-term downturn as a result of said unpredictability?
"That is the big question," says Reuben Mondejar from City University of Hong Kong. "We will have to see what the effect will be of the handover, of the change. The king died, and the crown prince has asked for the coronation to be postponed, and there seems to be a power struggle going on ... investors will take a look how that plays [out] ... stability is the key for investment."
Whether we're talking military, civilian or monarchy, the leadership in Thailand will have to work to safeguard its economy.
Saudi Arabia making history
With the oil price still stagnant, Saudi Arabia has made its most tangible move yet to create money from other sources. This past week, it went to the debt markets and made its first international bond offering - which brought in over $17bn - and such was the interest it could easily have sold more.
It's something of a watershed moment for the Gulf economies - a record-breaking capital raising which didn't have anything to do with the oil industry. This is only part of Saudi Arabia's plans to diversify its economy away from oil production.
We speak with Marc Ostwald, strategist at ADM Investor Services International in London, about what this means for the Gulf nation and the work that still needs to be done to help prop up an economy that has been black gold reliant for so long.
Ireland's hard Brexit
The British Pound is already falling in anticipation of Brexit, and that's having an effect on neighbouring Ireland. It is even forecast that the currency will potentially drop to fresh lows, exceeding the three-decade low it currently nestles in.
Ireland exports 50 percent of its food products to the UK, and the falling value of the pound means their profits and revenues are falling, too. And with Ireland only two years into its recovery from a financial crisis and bailout, it can ill afford another hit to the local economy.
John McGrane, director general of the British Irish Chamber of Commerce, speaks to the Counting the Cost about what the Brexit scenario will mean for employment in the emerald isle, indigenous Irish firms, and potential government intervention.
Latin America's urban sprawl race
The United Nations has already estimated that by the middle of this century, 70 percent of the world's population will live in cities full of pollution and overcrowding. In Santiago and Buenos Aires, the movement of the population into the larger cities is evident.
Cities cover only 2 percent of the world's land mass, consume 60 percent of our energy and generate 70 percent of total global waste - more than 800 million people live in slum conditions.
Al Jazeera's Daniel Schweimler reports from Buenos Aires on the UN Habitat III conference taking place in Quito, Ecuador.
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/
- published: 25 Oct 2016
- views: 3859
Australia and China: Turning the page - Counting the Cost
- Order: Reorder
- Duration: 25:56
- Updated: 03 Sep 2016
- views: 16394
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: 16394
Inside the murky world of negative interest rates - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 27 Aug 2016
- views: 6450
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: 6450
Is the sun setting on Japan's economic slump? - Counting the Cost
- Order: Reorder
- Duration: 25:01
- Updated: 06 Aug 2016
- views: 6957
Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the ...
Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the world's most elderly population, Japan's currently stagnant economy has carved out a unique set of issues.
The world's third largest economy hasn't grown in years, with governments consistently failing to battle deflation, i.e. when prices and wages do not increase.
Prime Minister Shinzō Abe has been fighting the deflation problem since 2012, using his own brand of economic standards known as 'Abenomics' and the ensuing 'economic arrows' - lifelines to reinvigorate the staticity.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
wn.com/Is The Sun Setting On Japan's Economic Slump Counting The Cost
Japan's economic landscape has survived more than most. From devastation in World War II, a miraculous post-war boom, a 'lost decade' in the 1990s and now, the world's most elderly population, Japan's currently stagnant economy has carved out a unique set of issues.
The world's third largest economy hasn't grown in years, with governments consistently failing to battle deflation, i.e. when prices and wages do not increase.
Prime Minister Shinzō Abe has been fighting the deflation problem since 2012, using his own brand of economic standards known as 'Abenomics' and the ensuing 'economic arrows' - lifelines to reinvigorate the staticity.
More from Counting the Cost on:
YouTube - http://aje.io/countingthecostYT
Website - http://aljazeera.com/countingthecost/
- published: 06 Aug 2016
- views: 6957
The most powerful economic job in the world - Counting the Cost
- Order: Reorder
- Duration: 26:01
- Updated: 30 Jul 2016
- views: 4424
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: 4424
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COUNT THE COST.
published: 18 Oct 2016 -
Count the Cost
published: 04 Sep 2016 -
COUNT THE COST
published: 11 Feb 2014 -
count the cost
published: 04 Sep 2013 -
On Counting the Cost
published: 28 Oct 2016 -
COUNTING THE COST!!!
published: 20 Aug 2016 -
Counting the Cost
published: 12 Sep 2016 -
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Bible Study "Count the Cost"
published: 29 Sep 2016 -
Following Jesus - Counting The Cost
published: 26 Jun 2016
COUNT THE COST.
- Order: Reorder
- Duration: 0:51
- Updated: 18 Oct 2016
- views: 4
- published: 18 Oct 2016
- views: 4
Count the Cost
- Order: Reorder
- Duration: 19:18
- Updated: 04 Sep 2016
- views: 0
- published: 04 Sep 2016
- views: 0
COUNT THE COST
- Order: Reorder
- Duration: 40:05
- Updated: 11 Feb 2014
- views: 56
- published: 11 Feb 2014
- views: 56
count the cost
- Order: Reorder
- Duration: 3:55
- Updated: 04 Sep 2013
- views: 8
- published: 04 Sep 2013
- views: 8
On Counting the Cost
- Order: Reorder
- Duration: 3:52
- Updated: 28 Oct 2016
- views: 0
- published: 28 Oct 2016
- views: 0
COUNTING THE COST!!!
- Order: Reorder
- Duration: 39:59
- Updated: 20 Aug 2016
- views: 52
- published: 20 Aug 2016
- views: 52
Counting the Cost
- Order: Reorder
- Duration: 16:42
- Updated: 12 Sep 2016
- views: 3
- published: 12 Sep 2016
- views: 3
Counting the Cost
- Order: Reorder
- Duration: 34:25
- Updated: 19 Sep 2016
- views: 1
Bible Study "Count the Cost"
- Order: Reorder
- Duration: 58:38
- Updated: 29 Sep 2016
- views: 1078
- published: 29 Sep 2016
- views: 1078
Following Jesus - Counting The Cost
- Order: Reorder
- Duration: 3:56
- Updated: 26 Jun 2016
- views: 254
- published: 26 Jun 2016
- views: 254
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Count the Cost Again
published: 03 Jul 2016 -
Count the Cost of Following Christ
published: 07 Feb 2016 -
True Love Counts the Cost
published: 09 Feb 2016 -
COUNTING THE COST TO FOLLOWING JESUS
published: 28 Dec 2014 -
Count the Cost by Nate Schlegel
Enjoy this sermon (Count the Cost) by Nate Schlegel
published: 09 Nov 2016
Count the Cost
- Order: Reorder
- Duration: 32:43
- Updated: 22 Aug 2014
- views: 65
Count the Cost Again
- Order: Reorder
- Duration: 1:06:44
- Updated: 03 Jul 2016
- views: 4
- published: 03 Jul 2016
- views: 4
Count the Cost of Following Christ
- Order: Reorder
- Duration: 1:06:31
- Updated: 07 Feb 2016
- views: 13
- published: 07 Feb 2016
- views: 13
True Love Counts the Cost
- Order: Reorder
- Duration: 36:51
- Updated: 09 Feb 2016
- views: 48
- published: 09 Feb 2016
- views: 48
COUNTING THE COST TO FOLLOWING JESUS
- Order: Reorder
- Duration: 1:21:45
- Updated: 28 Dec 2014
- views: 267
- published: 28 Dec 2014
- views: 267
Count the Cost by Nate Schlegel
- Order: Reorder
- Duration: 1:04:21
- Updated: 09 Nov 2016
- views: 2
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25:56
US elections: Why economic anxiety is on the rise - Counting the Cost
US Incorporated is on the brink of finding out who will inherit the White House in one of ...
published: 05 Nov 2016
US elections: Why economic anxiety is on the rise - Counting the Cost
US elections: Why economic anxiety is on the rise - Counting the Cost
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- published: 05 Nov 2016
- views: 2692
26:01
Are the banks still too big to fail? - Counting the Cost
Germany's biggest bank, and Europe's biggest investment bank, appears to be in trouble. So...
published: 08 Oct 2016
Are the banks still too big to fail? - Counting the Cost
Are the banks still too big to fail? - Counting the Cost
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- published: 08 Oct 2016
- views: 6308
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: 12092
25:56
Samsung: Going up in flames - Counting the Cost
With Samsung's formal recall of the Galaxy Note 7 amidst news of the mobile phone model sp...
published: 15 Oct 2016
Samsung: Going up in flames - Counting the Cost
Samsung: Going up in flames - Counting the Cost
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- published: 15 Oct 2016
- views: 8543
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: 45871
26:01
Thailand's grief: An unstable economic future? - Counting the Cost
The king is dead and Thailand is officially in mourning for an entire year. So what sort o...
published: 25 Oct 2016
Thailand's grief: An unstable economic future? - Counting the Cost
Thailand's grief: An unstable economic future? - Counting the Cost
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- published: 25 Oct 2016
- views: 3859
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: 16394
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: 6450
25:01
Is the sun setting on Japan's economic slump? - Counting the Cost
Japan's economic landscape has survived more than most. From devastation in World War II, ...
published: 06 Aug 2016
Is the sun setting on Japan's economic slump? - Counting the Cost
Is the sun setting on Japan's economic slump? - Counting the Cost
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- published: 06 Aug 2016
- views: 6957
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: 4424
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0:51
COUNT THE COST.
published: 18 Oct 2016
COUNT THE COST.
COUNT THE COST.
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- published: 18 Oct 2016
- views: 4
19:18
Count the Cost
published: 04 Sep 2016
Count the Cost
Count the Cost
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- published: 04 Sep 2016
- views: 0
40:05
COUNT THE COST
published: 11 Feb 2014
COUNT THE COST
COUNT THE COST
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- published: 11 Feb 2014
- views: 56
3:55
count the cost
published: 04 Sep 2013
count the cost
count the cost
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- published: 04 Sep 2013
- views: 8
3:52
On Counting the Cost
published: 28 Oct 2016
On Counting the Cost
On Counting the Cost
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- published: 28 Oct 2016
- views: 0
39:59
COUNTING THE COST!!!
published: 20 Aug 2016
COUNTING THE COST!!!
COUNTING THE COST!!!
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- published: 20 Aug 2016
- views: 52
16:42
Counting the Cost
published: 12 Sep 2016
Counting the Cost
Counting the Cost
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- published: 12 Sep 2016
- views: 3
34:25
Counting the Cost
Counting the Cost.flv
published: 19 Sep 2016
Counting the Cost
58:38
Bible Study "Count the Cost"
published: 29 Sep 2016
Bible Study "Count the Cost"
Bible Study "Count the Cost"
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- published: 29 Sep 2016
- views: 1078
3:56
Following Jesus - Counting The Cost
published: 26 Jun 2016
Following Jesus - Counting The Cost
Following Jesus - Counting The Cost
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- published: 26 Jun 2016
- views: 254
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32:43
Count the Cost
Description: Count the cost of your Salvation.
published: 22 Aug 2014
Count the Cost
Count the Cost
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- published: 22 Aug 2014
- views: 65
1:06:44
Count the Cost Again
published: 03 Jul 2016
Count the Cost Again
Count the Cost Again
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- published: 03 Jul 2016
- views: 4
1:06:31
Count the Cost of Following Christ
published: 07 Feb 2016
Count the Cost of Following Christ
Count the Cost of Following Christ
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- published: 07 Feb 2016
- views: 13
36:51
True Love Counts the Cost
published: 09 Feb 2016
True Love Counts the Cost
True Love Counts the Cost
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- published: 09 Feb 2016
- views: 48
1:21:45
COUNTING THE COST TO FOLLOWING JESUS
published: 28 Dec 2014
COUNTING THE COST TO FOLLOWING JESUS
COUNTING THE COST TO FOLLOWING JESUS
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- published: 28 Dec 2014
- views: 267
1:04:21
Count the Cost by Nate Schlegel
Enjoy this sermon (Count the Cost) by Nate Schlegel
published: 09 Nov 2016
Count the Cost by Nate Schlegel
Count the Cost by Nate Schlegel
- Report rights infringement
- published: 09 Nov 2016
- views: 2
Count the Cost...
Count the Cost Again...
Count the Cost of Following Christ...
True Love Counts the Cost...
COUNTING THE COST TO FOLLOWING JESUS...
Count the Cost by Nate Schlegel...
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Lyrics list:lyrics
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Counting The Cost, Charlie Peacock
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Counting The Cost, Ashton Allen
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,
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Donald Trump keeps confirming fears about his diplomatic skills
Edit The Independent 04 Dec 2016
One of the chief concerns of President-elect Donald Trump's detractors during the presidential campaign was that the brash and notoriously loose-lipped real estate executive wouldn't be able to handle the delicate balancing act that is diplomacy ... Trump's first big foreign visit as the Republican nominee to Mexico ... "At the beginning of the conversation with Donald Trump, I made clear that Mexico will not pay for the wall."...
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Tens of thousands march in Indonesia to support first Christian governor after ‘blasphemy’ protests
Edit Russia Today 04 Dec 2016
Tens of thousands of protesters took to the streets of Jakarta, Indonesia’s capital, to show national unity and call for tolerance after a 200,000-strong Muslim rally demanded the arrest of the city’s first Christian governor for alleged blasphemy ... ....
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Think twice before walking out of nuclear deal, Iran cautions US
Edit The Times of India 04 Dec 2016
Iran does not believe its nuclear agreement is in jeopardy despite the election of Donald Trump as the next US President. Addressing a thinktank here on Saturday, Iranian foreign minister Javad Zarif said, "We have options, but I don't believe the agreement is in danger." Zarif said it's an agreement not just with the US but the international community ... The sanctions, he said, hurt Iran economically. But the US too gained little....
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Site of deadly Oakland warehouse fire an artist space, maze
Edit Atlanta Journal 04 Dec 2016
The converted warehouse known as the "Ghost Ship" where a deadly fire ripped through a late-night dance party was an artist workspace and illegal home for a rotating cast of a dozen or more residents, those who lived there or visited often said ... With few lights, the place could be pitch black ... The water and electricity were stolen from neighbors and often didn't work ... 13 and an investigator went to the premises on Nov....
Comment on Replace Natatorium with public beach by kauai
Edit Star Advertiser 04 Dec 2016
Perhaps you missed the part that the Natatorium is a MEMORIAL. That it is a MEMORIAL to the veterans of World War I. That it is a MEMORIAL to those who served, fought, were wounded, and died in “The Great War”. That the amount it would cost to restore that MEMORIAL is peanuts compared to, for example, the $9.5 billion, and counting, financial travesty of a choo-choo train rail project....
Syracuse police overtime system is due for an overhaul (Editorial)
Edit Syracuse 04 Dec 2016
But the escalating cost of overtime to Syracuse taxpayers -- $13 million a year, double what it was in 2012 -- is a serious concern ... Given the cost of health care and retirement benefits, is it cheaper to pay overtime than to hire more officers? We just don't know ... This inconsistency should be fixed so that reimbursements reflect the true cost of providing police services....
Jill Stein says she'll 'escalate' Pennsylvania recount case after earlier plans to drop it
Edit The Oklahoman 04 Dec 2016
Stein on Saturday cited a major cost placed on voters due to a state court ruling that says the voters requesting the recount must pay a $1 million bond ... it's not clear that all the votes are being counted," Stein said on "Fox News Sunday." ... So, this money is entirely, will be completely used, and we'll be lucky if we can cover the costs," she said....
Italy referendum: PM Renzi's future at stake
Edit Khaleej Times 04 Dec 2016
All surveys published in the month before a blackout was imposed on Nov. 18 put the 'No' camp ahead ... The result of exit polls will be announced as soon as voting ends and the count begins at 11 p.m. After around 30 minutes, the first projections of the result will be announced on the basis of actual votes counted ... In a very close race, the winner may not be known until the count is completed, probably between 2 and 3 a.m....
The big issue: welfare reform is vital for old, young and disabled people
Edit The Guardian 04 Dec 2016
Above all, we should have a major national debate about a fair and transparent way of assigning costs between social welfare service users, providers and the state ... The cost of sick pay in the social care system could surely be better used employing more staff to be on call. I have lost count of the number of cancelled meetings because social workers/health professionals are off sick or on long-term sick leave....
Dynamic fare plan for Rajdhani fails to set railway cash registers ringing
Edit The Times of India 04 Dec 2016
Though the revenue has seen a modest surge, it has come at a cost of drop in 2-tier AC passengers ... Between September 9 and October 15, the cumulative passenger count in all classes of Rajdhani Express dropped by 6.58% and AKR Express by 17% as against the figures recorded last year during the same period ... On AKR Express, the passenger count in 2-tier ......
Is racism motivating Macomb’s discontent?
Edit Detroit Free Press 04 Dec 2016
According to the state’s own budget experts, the plan to gut school employee pensions would cost the taxpayers billions of extra dollars, while providing a less secure retirement to new school employees — and, at the same time, threatening the solvency of the defined benefit system that active school employees and retirees rely upon....
West Brom boss Tony Pulis keen to move on from court battle (PFA - Professional Footballers' Association)
Edit Public Technologies 04 Dec 2016
An expensive week might have felt even more costly had Watford repeated their win at The Hawthorns in last season's corresponding fixture, but first-half strikes from Jonny Evans and Chris Brunt gave the Baggies a cushion ... I know I'm telling the truth and that's all that counts for me ... Watford manager Walter Mazzarri felt Pereyra's red card cost his ......
What the papers say: Schwolow was the spoilsport (Bayer 04 Leverkusen Fußball GmbH)
Edit Public Technologies 04 Dec 2016
In the second half of the home game against SC Freiburg, Bayer 04 only managed to beat the outstanding visitors keeper Alexander Schwolow once ... This season, the Werkself players missed all four attempts from the spot - if you count the Cup exit at Lotte, then it's seven. Against Frankfurt, Augsburg, Leipzig and now Freiburg this miserable streak has already cost Bayer six important points.' At some point the bloody ball has to go in....
EU watches nervously as Austria, Italy head to polls
Edit Taipei Times 04 Dec 2016
Austrians yesterday returned to the polls in a bitterly fought election rerun that could see the EU’s first far-right president and boost the anti-establishment tide sweeping many countries ... The risk of political instability in Italy, Europe’s fourth-largest economy, has triggered market reaction before the vote, with bank stocks sinking and the borrowing costs on sovereign debt rising....
Jill Stein drops Pennsylvania recount case
Edit CNN 04 Dec 2016
Citing a major cost placed on voters due to a court ruling that says the voters requesting the recount must pay a $1 million bond, Stein also said she will be making a "major announcement" regarding her next steps in the recount process at a 10 a.m news conference Monday outside Trump Tower in New York ... Despite the fact there's been no credible ......
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