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tv   Counting the Cost 2019 Ep 25  Al Jazeera  June 25, 2019 8:32am-9:01am +03

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government on saturday and the u.s. government has moved more than 300 migrant children being held at a remote border patrol center in the state of texas had follows reports that they had inadequate food water and sanitation noirs who visited the station in the town of kent so the older children were trying to take care of infants and toddlers now the international olympic committee has announced the hosts for the 2026 winter games. the italian bid from milan and tina won the vote beating out stockholm for other countries dropped out earlier in the bidding process huge concerns about the size and cost of the games well that is of the headlines the news continues here on al-jazeera after counting the cost stay with us. leaders of the world's biggest economies are gathering in osaka for the g. 20 summit with ongoing trade global security and tension in the middle east the
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hopes of free trade and reduction of disparities seen tonight follow us on al-jazeera for comfort and in-depth analysis. hello i'm come on santa maria this is counting the cost on al-jazeera with a look at the world of business and economics this week safety in the air 2018 was the deadliest year for the aviation industry for years so as the big players gather in france for the paris air show we'll be asking what went wrong the world's safest form of transport also this week it's a these populist coalition is considering a new domestic currency is that a move that could lead to its exit from the euro and if you're worried about your kids having too much screen time or being too exposed to the latest tech then we will show you this order. which speaks doesn't listen.
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so would be in the airline business these days what with trade tensions and disputes over aircraft subsidies and loans and the slowing global economy but you know there's a far more troubling trend to deal with with the industry could well do without. 2018 was the deadliest year the aviation industry has experienced for some time yes there were $37800000.00 flights last year which averages out to around $103000.00 flights a day so that volume is important to remember when we consider these numbers but there were 523 deaths last year the highest number in 4 years and up from just 59 in 2017 and this is already looking bad $232.00 deaths from the accidents involving ethiopian airlines and russia's era flights that is well above the 5 year average of $199.00 fatalities a year according to the aviation safety network and front and center in all this is
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boeing a manufacturer once praised by pilots for its perceived safety there was that phrase very boeing i ain't going and yet 2 of its brand new 737 max jets have crashed in asia is lion air in october and ethiopian airlines in march killing $346.00 people boeing expects the cost of grounding what is its fastest selling jet will be more than a $1000000000.00 and the airlines themselves expect losses of more than 500000000 due to the grounding and on top of all this spring is facing claims for compensation from the airlines shareholders filed a lawsuit claiming boeing put profitability and growth ahead of airplane safety and honesty and families are also suing the american airplane maker and so this week's paris air show boeing executives were out to reassure the public and its customers that it is getting on top of the problems with the 737 max let's start with this from. the bush port in the french capital. the
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latest model of the boeing $707.00 dreamliner on display at the paris air show it's one of the planes that boeing is banking on to salvage its reputation the u.s. plane maker is in crisis over it 737 max absent from the show it's been grounded since march off to 2 fatal crashes the mood was somber as boeing executives that their priority was for the 737 max to fly again and words simply cannot express the sorrow and the sympathy that we feel for the families and the loved ones of those that were lost in these tragic accidents these accidents have only intensify our efforts to ensure the highest level of safety and quality in everything we do. the 737 max was boeing's fastest selling plane until a crash in oktober and ethiopian airlines accident less than 6 months later killed
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a total of $346.00 people preliminary investigation suggests the software designed to improve the plane's handling was faulty boeing hadn't informed pilots about the new software leaving them clueless when it failed the barris airshow would normally be an opportunity for boeing to showcase its sales and successes instead this year it's become an exercise in damage control as executives try to reassure airlines that they fixed the 737 max boeing's troubles have created a window of opportunity for the companies are driving european plane making a pass given the day or buses a production constrain the company both sides in about $11000.00 sales of the next generation single while jets they can only produce so many at a given year given all the difficulties in ramping up so if the troubles continue it's an opportunity but realistically the problem should be solved by next year so
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the window of opportunity will quickly cause international regulators will decide if and when the 737 max will fly again boeing had hoped that would be within weeks but in a further blow for the plane maker u.s. regulators say the plane is unlikely to take off before december. let's talk more about all of this now with aviation analyst alex machar is joining us from london hi alex. just a terrible year for boeing or terrible 6 or 8 months really for the company one of the things it was talking about doing. was rebranding the boeing 737 max jets is that not just the ultimate sticking plaster i mean literally sticking something on the plane and trying to change the look and hoping no one notices exactly hello come out well ultimately as you were saying with boeing facing its low. largest crisis in over a decade they are being forced to take measures that is less to do with the
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business and commercial side of the crisis and more to do with the reputation that has suffered massively in fact in one of the greatest ways boeing has ever experienced a no 2 might leave a 737 max that phrase is a household name across the globe for all of the wrong reasons and the company to believe that the only way at the moment that could be necessary to restore that passenger trust is to actually stop for a ferrying it to the name that has such a negative association following those 2 fatal accidents and perhaps rebranded that there is talk that they will drop the word max from the aircraft and industry leaders and airline c.e.o.'s across the world some of them are very vocal in saying that they too agree that boeing should reprint the c.e.o. of qatar airways the c.e.o. of kenya airways they have both said that they believe it's the only way passengers will fly and not be too concerned when this aircraft is back in the skies honestly i'm struggling to see how that works out so i mean if i got on
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a plane called the 737 greatest plane in the world but i knew it was still a max i'm still going to feel a little bit concerned about it and i think a lot of fliers would feel concerned about and you make a very valid point but i think come out that's because you yourself would know that it was a 737 max for the rest of the public it's actually very unlikely that they would know if the aircraft itself isn't called a max now that may be astonishing you may think how could boeing try to hide away in this way you know and try to almost trick that passengers into thinking they're on a different jet but it is to do with optics and ultimately the airlines already speaking to the manufacturers saying that the passengers are telling them when we see 737 max on the safety card or if the pilot mentions it in his announcement we will not fly and ultimately they think that just by removing the phrase and not letting you know the majority. passengers won't notice i know that the 787 the dreamliner obviously didn't have anything major or is as fatal crashes but it had its problems
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with the batteries in its early life and it got through all of that it seems it did the $77.00 recovered pretty well off to what was a very terrible an entry into service again the dreamliner was becoming a household name it didn't suffer as much as the 737 max had has right now following those 2 accidents but the dreamliner there were you know contradictory statements saying that it was nicknamed the nightmare liner after all of those problems with the on board batteries that you know one aircraft here in london was on fire at the gate london heathrow also ethiopian airlines who have suffered this latest 77 max crash so you know again back then the optics were very bad but it does go to show that aviation is incredibly resilient and also passing just quickly forget alex there was an order this past week from i.a.g. the owner of british airways and iberia for some 737 planes. they counted it as
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737 dash 8 planes or deshon on. those max jets or not are we sort of is there a bit of smoke and mirrors going on here. actually this was particularly interesting because in what is somewhat extraordinary measure i agee who are the parent company of british airways they have given boeing the biggest vote of confidence that their company has seen since the crisis by signing a deal this week at the paris air show for 2737 max jet aircraft this is very unusual given that this aircraft is in the heart of its crisis it's good news for boeing but it has been met by backlash from the people that noticed that actually these are max jets because interestingly enough they decided not to mention the word max when they notified the london stock exchange here that they are signing this deal and again that's probably because this could have sent jitters across the industry that at the heart of its crisis you have a major airline player ordering such
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a large amount of aircraft that passengers claiming they simply will not fly so with a vote of confidence like that alex what's your feeling bottom line can boeing get its way out of this can it survive given that really i know there are other plane manufacturers out there but really it's only boeing and airbus that really matter in the grand scheme of things for most airlines most big airlines at least for most airlines exactly the dominant players a boeing and airbus a notably boeing are extremely resilient we shouldn't underestimate the damage this has done and more so how this has kind of filtered down to the most basic level where i have people on the street telling me they won't fly the 737 max it will need probably to something like a rebrand where boeing a force to have doing to change the name to be able to hide away from the fact that this aircraft is the one that has suffered so famously but boeing as a company they will get over this they got over the 787 dreamliner and they'll get over the problems with this aircraft but the handling of this hasn't been so great
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and again this is why the company has suffered so badly i'm sure is it is always a pleasure talking to you thank you for joining us thank you. of course another issue we haven't addressed for the airline industry is pollution you have 800000 odd flights every day and that's a lot of competitions but the growing pressure for greener skies is resulting in change things like more efficient engines and even electric planes once again here's natasha butler at the. stylish sleek and fully electric the evy asian prototype is a glimpse into the future and more environmentally friendly flying powered by batteries the 9 seats a plane on display at the paris air show would produce ciro carbon emissions and be fueled by sustainable sources the c.e.o. of the israeli start up behind the plane says he could fly commercially by 2022 can we build an all electric 787 to compete with today's planes were absolutely none
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battery technology is not even close to that but to fly at the speed of this size and to beat those designs that are out there says the seventy's or eighty's well here it is this was build the way we believe planes in the 21st century should be build electric planes could be a sustainable option for short flights but cutting c o 2 emissions on medium and long haul travel is a bigger challenge aviation officials say that the airline industry is responsible for 2 percent of the world's carbon emissions climate activists say that is nearer to 5 percent and one of the problems is that the technology needed to reduce airlines carbon footprint is still out of reach some airlines are experimenting with hybrid technology and biofuels nicholas chavez company is working on a hybrid plane with the air boss the european plane maker aims to have an electric aircraft by 2035 years we are all committed to reduce by half and
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2050 our emissions and the larger companies such as ours are very interested to make sure that we can take the quickest way to excess that dog there are nearly 100 fuel powered aircraft at the paris air show a potent sign of how far the industry has to go to become more ecological but with the air passenger numbers expected to double in the next 2 decades this is a sense of urgency in the air. now last month italian lawmakers did something interesting they approved a non-binding motion to pay creditors and supplies with many treasury bills which in simple terms means they want to create an alternative currency to the euro the move rattled the markets because on the face of it such a move could lead to an italian exit from the euro italy's euro skeptic deputy prime minister met herself any is keen on the idea of the parallel currency and it comes at a crucial time given the coalition there is locked in
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a battle with the e.u. over its budget plan brussels wants rome to cut its public debt and to rein in its budget deficit or it could be fined run struggle with its huge debt is well known it has the largest debt in the eurozone $2.00 trillion dollars if you can imagine that as a percentage of gross domestic product that is the 2nd highest after greece and more than double the 60 percent limit set by the stability and growth pact failure to bring down the debt could lead to a fine of $3800000000.00 so doesn't look brilliant for italy which exited its 3rd recession in a decade we're going to talk about this with nicola nobility who is a senior economist at oxford economics is on skype from milan today nice to have you with us nicola one of you explain 1st of all this sort of quantify currency which the italians are using now how does that actually work in in simple terms well basically what happened is that like a couple of couple of weeks ago the parliament passed. unanimously
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the emotion we should. from a practical point of view doesn't doesn't mean a lot in in italy to pass this motion in no way should they were basically committing the government to accelerating to payment the public administration commercial debt also to the issuance of small government bonds. and these from an economic point of view doesn't make sense doesn't make sense at all because if you want to pay the the basically your your creditor why note is suing a normal a normal bones normal boat and then use the usual to pay to pay them ok i'm trying to say the same so the point or the theory however you want to put it
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in is really exiting the euro you know we went through this what was it i go with gregg's it as it was now and then which then spawned bragg's it and now i don't even know what you would call this one but what would be the theory behind wanting to leave the euro currency well i would think i would call it a rivet exit. very nice hearing it or for italy while he is that they want to some some politicians suggest that italy will be better off our side are you rule we don't mush weak currency and we depose ability of of printing as much money as they want. in order to finance more dept but we don't think that the problem of italy are related to 2 currency or the lack of the say fiscal expansion so you know our view
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this would be a huge mistake creating probably a huge financial crisis which net what very negative implications it is a silly also on a bit of a collision course with the european union there's talks of potential fines if i don't manage to bring the debt down below the the european union's prescribed levels there could be a commission sent started started the process to 2 loans the assess if they're supposed procedure against italy and these he my view is quite likely to happen and probably is quite like into up and as early as the summer now what's happening from from the italian front is that they want to make sure that they comply with the with the rules but this looks incredibly difficult at the moment for a few reasons one of them
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a reason is that the economy is stuck in stagnation at the other and the other problem looking forward is that the politicians in italy and i think in more of salvini lake a leader there are going debt italy needs some sort of trump for fiscal stimulus so they want they want to cut taxes but there is no there is no fiscal room for that actually because you said earlier that you felt that this sort of new c.d.o. currency bond whatever you want to call it wasn't the answer to italy's fiscal problems in your opinion what is the answer i think at the finke at the moment to eat early should should to focus in. steadily reducing some of the expenditure so italy should choose say tool to the markets ok we're going to we're going to slowly cut expenditure we're going to put to death to on
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a sustainable part and. we are going to reduce the are certain to be around these unfortunately i don't think given the political situation of cyndi's is going to happen nicola talking italian economics with us this week thank you so much for your time thank you finally one for the parents out there now let's be honest how many times have you been busy or tired or frankly just can't be bothered and you put the kids in front of the t.v. or a tablet or a smartphone we do it fine it is a part of life and 2019 but the issue of screen time is troubling a lot of us now there are any number of studies out there both for and against in april for example the world health organization recommended children under one year old shouldn't be exposed to electronic screens at all and that children between the ages of $2.00 and $4.00 should have no more than an hour of what it calls sedentary screen time each day but equally screen time particularly educational apps can be
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incredibly beneficial to young people who are growing up with digital technology being the norm rather than the exception and then there are those trying to reverse the trend young start ups who see the benefit of technology but in a different way this is one of them yo toe a device which aims to give children access to music and audiobooks without a screen or the all hearing smart speaker bender is with us now from london he is the founder of your tone and great to have you with us ben why don't you give us the quick rundown 1st of all on how your toe works only because you know heaven forbid if something doesn't have a touch screen these days how does it work. well you know we've built this we built this products with our own kids in mind in fact my co-founder and i we both have kids around the same time. and we're both massive techno technophiles we have all the kind of gadgets in the house but we really didn't we felt a little bit uncomfortable about putting i pads in front of one and 2 year olds so our background was really around music an audi a content so we wanted to find
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a way to give kids access to audio based content but in a way that they were in control so we built this prototype we built a kind of a smart because the kids except there's no microphone in there so there's no prissy issues and then we have these we have these like smart cards that children put into the device and it starts playing music stories learning. podcasts and radio just just hold it up for me again if you would please bennett like to see that and. ok so that's just a piece of card as we got any magic on it and our cane is that yeah there's a little chip inside this card this is really similar to all of our contactless credit cards a little chip in there and these are these cards are really a key that unlock the content which then streams to our warrior to player ok ok let's talk about then the tech 1st before we talk about the business model is it as it were what sort of reaction have you seen from the kids with this sort of thing
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because they are there's no 2 ways about it they're getting used to pressing a screen to having a screen to having that interactivity with them all the time what sort of reaction do you get from this idea of popping a card in there and getting a story told to them sure so i mean we're not completely and the screens you know we do live in a world view big screens and you know we don't want to keep kids completely away from that but we see the audio based content allows them to carry on playing and getting physical exercise while they're actually engaging with the content so. what we're seeing so far is really strong engagement we're getting over 8 hours a week on average listening time per device which we think of that 8 hours of the screen time that's that's the that's a great thing and the kind of content that people love the really engage with our radio station we have a r. and kind of music radio station and they love the in the blights and content will have roald dahl content coming and its stories which are very strong but also we
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have costs which are proving quite popular as well right so that takes us to the business model and you mention to. huge authors there enid blyton and roald dahl is that how important is that to the success of the whole venture about getting that sort of content on board like any kind of contemplate form like netflix or something content is king the old cliche and it's really important that we have those key key titles in all the key markets we're in but there's also option c. for us to create new content and so we're. investing in content ourselves using some of the interactive capabilities of our device and yeah there's this pressure in the educational content things like phonics for learning and for learning english phonics is very important and it's really the sound of the letters and parents often struggle with that so struck parents often struggle to support their child's learning of phonics you said you weren't totally averse obviously to touch screens in the light because as you say kids are growing up in that in that era now
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what's your view on screen time you know you get the likes of the world health organization saying children on the one should not have any screen time and children up to 5 should have very little what's your sort of view on how much is too much but i think parents need to make their own call on what they what they let their children experience i know from from my own personal use we try to limit our kids to 2 hours max so we can and i do see the behavior like they literally turn into kind of zombies when the when they're front of the screen you can get any sense out of them and i think one of the things that the screen based content does is it doesn't help the imagination and creativity of the child because everything is presented for them in a very rich visual form whereas with the audio based content they have to make the pitches themselves in their brains and there's color studies out there showing that already a best content is actually better for creativity and imagination so we're not we're
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not brilliancy screening we don't to be one of those families that completely restricts their children because they could be socially excluded when nick other kids in a playground or talking about poor patrol or something but i think the w.h.o. guidelines that just came out a pretty pretty good as a pretty good start you know they've done a ton of research and this generation of children really are the 1st they're the guinea pigs in the 1st generation of children to go out with these native touchscreens and so more research is needed to find out what the really real effect is you know patrol i'm unnervingly familiar with that been very thank you so much for your time do appreciate it. thank you. and that is our show for this week would love to hear from you though probably on the top screen you can tweet me or message me direct them. to use the hash tag j c t c as well as an e-mail account on the cost of al-jazeera dot net is our address and there's more on what al jazeera dot com slash c.t.c. reports and entire episodes for you to catch up on plus links to the latest business news but that is it for this edition of counting the cost i'm kemal
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santamaria from the whole team thanks for joining us the news on al-jazeera is. more than 10 years after the global financial crisis you've taken home more than $480000000.00 your company is now bankrupt our economy is in the state of crisis of a very basic question this is the 1000000 lost their homes in the u.s. . who is held responsible i will be fabulously wealthy and i will not take in christ for thank. the men who still live on al-jazeera. madagascar. a breathtaking tropical paradise. we explore more protected areas. are now diverse. we do just as they put their lives on the line to.
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respond gets on medicare. on al-jazeera. how i missed on the attack and what the top stories on al-jazeera iran has accused the us of closing the channel of diplomacy forever after president obama trying to impose new sanctions on tehran for leadership the measures go all the way up to the supreme leader ayatollah ali khamenei mike hanna reports from washington as promised another round of sanctions against iran these in addition to a number already put in place and directed at the country's most senior leaders president trump did not elaborate on the precise nature of the sanctions apart from saying that they would buy all the leaders from access to financial instruments i
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want to thank our military i want to thank all of the people that have been working with me over the last number of months on this make a lot of restraint has been shown by us a lot of research.


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