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tv   Counting the Cost 2017 Ep 39  Al Jazeera  October 3, 2017 8:33am-9:00am AST

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iran has deployed dozens of tanks along its border with iraq so ton of us kurdish region following last week's secession referendum that the deployment as part of joint military drills with iraqi armed forces the referendum was held in the fires of the government in baghdad as well as neighboring iran and turkey. the us government says that progress is being made in rehabilitating puerto rico almost three weeks after the island was hit by hurricane maria large parts of the u.s. territory are still without running water or electricity u.s. president donald trump is due to visit on tuesday and the u.s. singer tom petty has died after suffering a heart attack he rose to fame in the one nine hundred seventy s. with tom petty and heartbreak is that he was sixty six had a hugely successful solo career and sold more than eighty million albums worldwide there's the headlights now and i was here up it's counting the cost. that's what the nation to its called and exposed hundreds of. just to show.
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the movie to an end sometimes take a spike in the cost of the fine with these judicial too much as with. in an exclusive documentary al-jazeera examines the man's extraordinary battle for justice and honor at this time. a lot has i'm sick of this is counting the cost on al-jazeera your weekly look at the world of business and economics this week a red light as legal challenges grow we'll look at whether its business model can survive in its present form also this week oil rebalancing as prices enter a bull market we'll look at the fact this play. plus how your guys' legal marijuana
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industry is facing a threat no one predicted. a lot of technology has changed how people all over the world hail a taxi just like google it's got its own verb. that means to change the market for a service by introducing a different way of using it you might say and b. and b. the property rental market for example popularity has made it indispensable car ride service in cities all over the world the sixty eight billion dollar company is planning an i.p.o. next year and now the challenge will be to disrupt its own business model to adapt for survival but in twenty seventeen a series of scandals over its business practices and its treatment of workers has kept it in the headlines for all the wrong reasons and it's being stripped of its license to operate in london now one of the biggest markets for cabs in the world baba looks at how that decision is going down. for the
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last year he's been driving for he works six days a week and says he makes enough money to support his family he enjoys being able to choose when he works he's one of forty thousand duba drivers in the british capital but now the regulators transport for london who run the city's buses and underground trains so they won't extend dupers license beyond the end of the month for many people who've got used to the service it's a shock so you can trust to go from one place to another same as quickly so. when we came out as i are ok this is obviously not she was going to train but i still feel like i'm i don't feel like i'm paying ridiculous amounts. to a lack of corporate responsibility in areas such as the reporting of serious criminal offenses it follows allegations that drivers suspected of sexual assaults were allowed to keep driving. some time going through the regulations that parliament's given them in relation to decide in a private corporations for some proper look at the evidence and tearful have
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concluded today that on a proper vehicle operator the real concerns around safety and security has come out fighting suggesting t.f. else decision is motivated not by safety concerns but by politics and promising to fight the move in the courts by trying to ban in london there caving into the pressure exerted by a small minority that want to restrict consumer choice and competition this decision if it helps true will mean over forty thousand licensed drivers will be out of work traditionally after in london's west end. restaurant people with a hail a black taxi five years ago arrived and caused a sensation with just a few clicks on your mobile phone you can get to where you're going to at a cheaper price but of course it's caused controversy as well. last year dr james fire our took the firm to court arguing drivers should be treated as employees with
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rights to the minimum wage and sick pay what. the mayor a nuber should do is they should evolve regulations for attorney central twenty first century they should enforce and develop regulations effectively and they should protect worker rights of drivers can carry on operating in london at least until appeals have been exhausted but this is one more setback for a firm that's been hit by legal challenges and protests around the world and also made life easier for millions of people. well joining me now from london is called benedict frey karl is the co-director of the oxford martin program on technology and employment thanks very much for being with us now we're talking about a huge market in london are we how damaging is this for globally well london and constitute roughly five percent of you bus driver space and the u.k. is its second largest market in europe so indeed this would be quite
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a significant blow to uber and while what has been great for consumers it's often seen as being bad for leymah barket in form of less job security lower pay and all the rest of it but you did a study on the impact of sharing economy platforms like uber on jobs and what were some of the findings well what you find is that actually after the introduction of uber employment in texas services expands quiet significantly so over all that you create jobs rather than destroy step this expands the labor market for taxes services but what happens then obviously as labor supply expands is that there is more competition and that tends to drive down wages for incumbent drivers which is a side effect of that success if you like but in addition to that there's also evidence to suggest that it would drive
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a section very happy with their lives stay value the flexible ability that the platform office then they're quite content with their financial compensation so on balance i think that most of the evidence actually suggest that you have a driver's fear reasonable well now a lot of people are saying that this could be a game changer for the gig economy that other governments may feel emboldened now to more heavily regulate companies like google you think that could happen. well it's possible i mean we will see what kind of a deal that is made if a deal is made i think this is quite actually a high risk aim because the consequences of uber actually being bad would be very bad for london consumers a lot of people have actually structured their lives surrounding the every lability of uber quite of few people actually you can use it to commute to work it might constitute
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a risk to real estate prices in some. areas of london that doesn't have good access to public services so i think that the fellas actually playing a high risk game in this regard and this may really constitute a blow to the city of london as it does to you bet so we will see what happens i think what the outcome of this process. the outcome of this process will very much determine. the country's cities and regions proceed with this the c.e.o. has said. obviously they're going to fight this decision and they say that it's based largely on what they say is a bad reputation. preceding it you think that's fair criticism i think what the sharing economy does is that it constitutes a trade off between flexibility and security and the labor market functions best when you have both so what legislators should do is to make sure that this gig
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economy this sharing economy can exist side by side with normal we the traditional labor market and that requires legislations to make sure that both function well in parallel car benefit for a thanks very much for being with us europe why is the first country in the world to make it legal to grow and sell marijuana but now the new industry is facing a threat no one predicted daniel schorr and the reports from the capital montevideo . this is nothing new it's just that marijuana is now after a long campaign totally legal in europe why the business has been booming we think that the risk is worth. the risk as the final result of that will be. respect their right to love. to have a plant on their houses and. if they want each
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registered user can buy up to forty grams a month from their local pharmacy. banks are now threatening to close the accounts of those pharmacies selling the drug stopping they use of plastic cards they say they're under pressure from u.s. banks which by u.s. law cannot trade with any company linked to the illegal drug industry. we see an absurd situation in the financial situation is being penalized with strong legislation which is not in place in canada or the u.s. but this has nothing to do with drug trafficking it's totally legal. europe why says the u.s. has got it wrong there marijuana industry is now legal delegation has been to the u.s. to put their case where the industry is looking at selling outside the bank system . the system is now strongly regulated very controlled the state is heavily involved so that's why we feel it will be easy to show that we have nothing to do with drug trafficking or money laundering business is being done illegal
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enterprises controlled by the state. he says pharmacies a queuing up to sell marijuana but the financial obstacles have been removed this is normal and this legal is growing tomatoes a backroom backstreet industry is emerging from the shadows and taking its place in mainstream europe one society those involved say there's no going back to. europe one uses say legalization has seen the illegal drug trade reduced or the stigma attached to marijuana is receding. now you show you going into a business premises which is open to the public so now you're not in danger. the move still has opponents both here and abroad but you know why is growers and smokers similarly want to use is now so normal many a wondering what all the fuss was about a still to come on counting the cost. the time to bolt a country of
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a stone you're already has one of the internet's most recognizable brands but how do you replicate skype success m original and keep watching to find out how this country is putting tech innovation first. the first some other stories we're watching this week saudi arabia ended the kingdom's reign as the only country in the world of bans women from driving movies less about addressing gender inequality than an effort to modernize its economy women still only make up twenty percent of the workforce according to the world bank women face gender based job restrictions in hundred economies around the world are the world's largest mining company b.h.p. billiton said twenty seventeen will be a revolutionary year for electric cars it is predicting electric vehicles will make up around eight percent of the global car fleet by twenty thirty five and that
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electric future will be felt in the metals market especially copper that's because fully electric vehicles require four times as much copper wiring as a petrol or diesel car. james dyson the inventor of the bag less vacuum cleaner is turning his attention now to the electric car market he is designing what he says is a radically different car from current models that will go on sale in twenty twenty budget airline easyjet also announced this week it wants to fly electric planes within the decade it's teaming up with the u.s. start up right electric to build an all electric airliner. now a trade dispute between the u.s. and canada is threatening the jobs of thousands of aircraft workers beyond north america it involves u.s. aviation giant boeing and canada's bond body the u.s. has slapped tariffs on the new bond body a c. series plane boeing claims the new aircraft are being unfairly subsidized northern
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ireland is caught up in this route to as daniel lak reports now from toronto several years behind schedule and more than a billion dollars over budget bombard the series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could triple the price of the bombard planes and this government is holding crisis meetings obviously we're disappointed by the decision and i will continue to play hard we're going to do jobs canada is not standing alone in the u.k. bombarded a is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose are you going to need to speak that's what the politicians need to realize that. we sell for. one of our cars commercials
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this week. and they need to. for c. to believe that they need to sell less. those are tools of us canada two is said it will take a serious look at future business dealings with boeing a five billion dollars deal to buy fighter jets from the us company could be scrapped according to the prime minister justin trudeau but the country also says it has legal means to challenge the ruling at the world trade organization and under the terms of the north american free trade agreement nafta with president trump threatening to scrap that agreement the current talks to renegotiate nafta haven't been going well canada says it invests in not subsidizes bombard and as it points out the u.s. has bailed out general motors in the past and gives boeing preferential treatment by some measures canada and the u.s. have the world's largest trading relationship but it's growing more hostile by the day now the oil market has been in
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a slum for the past three years but could it be turning a corner crude prices are now up twenty percent from june lows so that means we are officially back in a bull market for the first time this year so what's going on well for starters worldwide demand for costs strengthening according to the latest quarterly report from the international energy agency oil demand is up two point four percent year on year on the supply side production cuts by opec russia and other producers of also help tackle the oil glantz geopolitical issues are also a factor in independence votes in the oil rich iraqi region of kurdistan has inflame tensions turkey has threatened crippling sanctions on oil trading with iraqi kurds. so joining me now from strasburg is professor jack como luciano jacomo is the co-director of executive master and international oil and gas leadership at the graduate institute in geneva thanks for being with us so what do you put this
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rise in oil prices down to is it all about what's happening in the kurdish region or is there more to it than that you know i think what the what's happening in the kurdish region is certainly is parking. speculative tended to the worries higher prices but what's. there is behind it is especially the men demanding creases higher than we expected which is not surprising because prices have been low and saw consumer. keen to to use more oil and oil products oil opec made that decision at the beginning of the year to bring down supplies so that they would like to think that they they had a hand.


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