Transcripts For ALJAZ Counting The Cost 20240711 : vimarsana

Another 2900000 for the 2nd follow up injection this is a 2 injection procedure of course the. State where the sites have been established this is something thats been drawn up over a period of months south korea has reported a 2nd day of record high corona virus infections more than 1000 new cases were reported on saturday many of them are being reported in seoul the government is warranted may have to increase restrictions to the highest level. Police in north nigeria have launched a rescue mission after gunmen stormed a secondary school who kidnapped a number of children but 800 students attend the school and cant seem to state many fled during the attack police say 200 have since returned. Home and abroad have voted in a nonbinding poll organized by the Opposition Leader on quite a bit asked people whether they want to end the president Nicolas Maduro is rule and hold new elections results are expected in the coming years. The United States government has adopted a new map of morocco which includes the disputed territory of Western Sahara the decision to recognize red sovereignty over the region came as part of a u. S. Brokered deal for morocco to normalize relations with israel the Pro Independence policy front and algerias Prime Minister have both condemned the. You and secretary general antonio terrorists World Leaders to declare climate emergencies in their countries he was speaking in a virtual climate ambition summit marking 5 years since the signing of the Paris Climate Accord caetera said it was vital to stop this salt on the planet for the sake of future generations. Here today that lines more news coming up here on aljazeera right after counting the cost of. Hello im Darren Jordan this is counting the cost on aljazeera your look at the world of business and economics this week accusations of being an 800000000000. 00 super spread a hate this information and lies is it time to break up facebook for killing off the competition. The rise and fall of the middle class the pandemic destroys 2 decades of Poverty Reduction but this time its urbanites have been hit the hardest we find out why. The last oil and gas from namibia is selling off licenses to the Worlds Biggest Oil companies but environmentalists are concerned that fracking for shale could destroy elephant habitats and water supply. Now 70000000000. 00 in revenue 1800000000. 00 active users and worth more than 800000000000. 00 facebook must be doing something right in catering for the worlds desire to connect but theres a darker side to Mark Zuckerberg social Media Company some say the platform has pushed Holocaust Denial genocide and its a super spreader of false hopes and its accused of being a home to anti faxes political conspiracies and disinform ation so just how did it get so big well it crushed the competition through acquisitions copycat products and throttling news content providers well the only time its been held to account will. For the misuse of data by cambridge analytical which also worked on president trumps 2016 president ial campaign during that time the network was used to spread misinformation facebook was fined 5000000000. 00 a slap on the wrist for such a huge company but it may be hit with another antitrust lawsuit possibly in november thats according to the Washington Post and a Biden Victory could see the social Media Company being broken up facebook along with the likes of google and amazon have been forewarned by the democrats that theyre abusing their market positions facebook has been accused of being a monopoly and pretty much competing against itself after the 2012 acquisition of instagram and the company has been accused of tinkering with its algorithms to give more prominence to right wing sites zuckerberg has even courted right wing commentators and regularly talks to trumps son in law jared cushion a face book was used to promote genocide in me and mob and its India Operations have been accused of allowing right wing politicians to spread hate all to curry favor with Prime Minister Narendra Modis ruling party and lets not forget the site was used to broadcast live the murder of scores of muslim worshippers in 2 new Zealand Mosques so far only google has been hit by a us lawsuit for anti competitive behavior case focuses on payment it gives to phone makers to make sure its in is the preferred choice the European Union has successfully sued google for abusing its power on android phones favoring its own products in search results and stopping websites from using rival ads sellers only know google has paid more than 9000000000. 00 in fines to the e. U. So theres lots to discuss here joining me now from st gallant in switzerland is miriam by 10 miriam is assistant professor of law and economics at the st gallon university miriam great to have you on the program so how likely is it then. Couple of facebook and other Big Tech Companies well the digital chief of the European Commission said yesterday to be cautious with this instrument because we would have very lengthy Legal Proceedings but one question also is what would breaking up big tech achieve for consumers an important thing to understand about these platforms is that their networks and so they become more valuable as more users join them and that means that already big platforms tend to become bigger and we have to ask ourselves if we were to break up a company like facebook if the result would simply be that the process repeats itself and we end up with one Big Social Network once again yet its interesting miriam that the e. U. Has been more successful than the u. S. In taking on Companies Like Google Facebook microsoft what do you think is behind the success doing that well the e. U. Seems to have been more active in the past couple of years in this area with investigations into google and apple and facebook and germany as well i do think that the u. S. Is catching up now i think theres just more willingness now in the u. S. Politically and maybe just among people to do something and to rein in the power of big tech so how would you then go about limiting the power of facebook would you split off Instagram Split off wats up. Well as i said splitting the software breaking them up we have to see if thats going to be the solution with facebook and whatsapp one of the main concerns for consumers in the end is the data that are being collected about them and so and i trust has some instruments that we can use to do something about that big dominant platforms are not allowed to abuse their dominant position but i think well need instruments outside antitrust as well will need privacy laws Data Protection laws to stop companies from collecting too many too much data about us and from using the data in ways that we are we dont agree with and thats an interesting point you make miriam because in the old days competition rules came down to price but now as you say its all about personal data so where do we start with putting a value on data as a commodity and limiting Companies Like google and facebook to our personal data. Thats a very difficult question indeed a lot of people have been writing and thinking about this how do we value this data for and i trust authorities its difficult to say well this is too much Data Collection and for consumers its difficult to know is this too much will well see a prize that gets higher but we dont always know what data are collected about us and so again i think thats a a problem that not only and i trust and the authorities can solve but will have to look at other ways well have to strengthen Data Protection authorities. Make sure that theyre funded well that they have the resources to enforce rules and Data Protection like in the e. U. We have the general Data Protection regulation that make sure that companies are limited in what they can do with their data i personally think thats a more fruitful way forward then trying to value the data for say but in enter trust well need to have a look at the value of data in other areas such as Merger Control we might want to look at acquisitions when companies have a lot of data even if they might not be making a lot of profit yet so how do we then miriam good about improving competition i mean some of the Big Tech Companies seem to just copy whats out there i mean even facebook has attempted to make its own version of to talk. Well i think there are several instruments one in competition law is that we might want to strengthen Merger Control and so that means tougher standards maybe we want merging parties to prove to us that an acquisition is beneficial. Other than breaking up big tac we might want to have a look at all the companies that Big Tech Companies have been acquiring in the last couple of years that we might need to look outside of competition law is well and look at regulation as i said Data Protection regulation but maybe other types of regulation as well for the behavior of these Tech Companies so lets get a final thought from you miriam i mean if any country is going to implement the breakup of these Big Tech Companies it has to be the United States mean we all remember when they forced microsoft to unbundle Internet Explorer from its windows package and ironically that opened up the way for googles browser absolutely well so thats something that i think the u. S. Is looking into now and their investigation into google its a bit similar to what the European Commission did in 2018 a sensually looking at tying unbundling a saying well youre a dominant company and so you cannot use your market power in one market to try and gain market power in another market well see if they can stop google from for example making Google Chrome the standard browser on lots of lots of phones i think that would be one way to start for sure room by ted great to get your thoughts thank you for talking to counting the cost thank you thank you. Know the last 2 decades have seen a remarkable reduction in global poverty but that is all about to be undone by the coronavirus pandemic those falling back into poverty are not the people youd most likely associate with being poor the World Bank Says the new poor relatively well educated living in cities and towns and in middle Income Countries so where are all those men. Income countries well there in south asia and Subsaharan Africa the pandemic will push up to 115000000. 00 people into extreme poverty this year which the bank defines as living on less than 1. 90 a day so what can be done to help the new poor and reverse the rise in poverty well to answer that and more lets talk to karen in a sanchez part of oh she joins us via skype from washington d. C. Where she is the world banks director of the poverty equity global practice coding a great to have you on the program so what exactly is pushing the middle classes back into poverty do you think what the emerging evidence about the impacts of coverage 19 and the associated Economic Crises on household does is that these impacts are significant theyre felt broadly and theyre not you and i seem very fast our projections suggest a back cover 1000 will push between 88 and a 115000000 people into extreme poverty these year and that number could go up to 150000000 in 2021 and these new poor mostly will resign in middle Income Countries and look a little bit different from the existing poor meaning those that were poor before the Current Crisis in the sense that they are relatively more her than their relatively more educated they didnt to work in the Informal Service and construction sector they are not however coming from the middle class and instead we see these groups who was are the most affected what we call be economically in secure and sometimes the best by the middle class and some of these middle countries so what so whats you know we are driving this as you were asking is really a combination of 2 themes very significant declines in labor incomes do you do job losses and which cats are cross the border in many countries and 2nd ariba action in not only were income particularly remittances from domestic ok and International Migrants tell you let me jump in there and ask you was was lock down the right thing to do them for these low and middle Income Countries. I think when we think about these we need to remember that this issues were remade at a time where very little was known about the virus and governments had to take policy actions and make policy choices under conceivable and certainty and and even though we do know more now about the short term impacts of covering 1900 crises theres still a lot that we dont know about the potential long term impact or the nature and shape of the record so in that context our focus has been in some poor dean governments efforts are as theyve tried to under 100 protect lives and on the own hand do you know support life he has protect those life so it so let me jump in here but i mean do you think there was an alternative to the lockdown i mean was there any way to have put these economies going i think its i mean frankly i think it as i said it is very hard to tap i think he inside we can all have to hypothesize about you know things that could have been done differently but i think we need to focus on the fact that in many places even in the context of lockdown significant efforts were made to as i said protect life on the one hand through you know a Health Response and at the same time protect life which was one of the main concerns that we had particularly for the poor under ponderable and it is worth pointing out i mean this ends a 20 year decline in Poverty Reduction but what was behind that reduction do you think youre right that you know the last few decades have have been witness to unprecedented progress in extreme Poverty Reduction with the Global Extreme poverty rate falling from 35 percent in 992 under 10 percent earlier this year and even though the experience of countries you know is different i think there are 3 factors that we can really play into in understanding these these very positive trend that we saw 1st Economic Growth if you will to a large extent by an increase in International Trade was critical to generate new Economic Opportunities 2nd. Investments in Human Capital you know health and education and a rapid increase in Financial Inclusion of the poor on the bhangra wall basically meant that these groups were able to take advantage of those new economy opportunities and then finally this is a period when weve seen a very rapid expansion particularly me there are no Income Countries of safety net programs programs that protect those that were lifted out of poverty from the morning back into poverty again so its really a combination of those new factor so kelly let me ask you to gaze into your crystal ball and i mean assuming we are able to get a vaccine how long do you think it will take to reverse this decline that as i said you know were in the midst of the worst reversal in Poverty Reduction that we have seen as we are starting to morning very big systematically you know in 1990 s. I think its quite clear that reimbursing indias will not be easy and we not be quick our projections show that forward the raid signal of poverty rates will be about 7 percent by the year 2030 based on historical growth rates and if you mean one preseason you know portie and they could be after 8. 6 percent if you know they were to increase by one percentage point for a year over the next decade which given what we know about previous pandemics is actually quite likely to happen so in this context whats very clear is that we need swift significant and sustain action by governments and Development Partners to promote and support a strong recovery somebody who has these reverse the argument that absolutely so just talk us through quickly carly you know what governments need to do because if they do spend more all where does that money come from. So in these 1st few months as i said earlier the focus has been very much on 5 independent make on protecting househol