Transcripts For ALJAZAM Real Money With Ali Velshi 20140920

Velshi, and this is real money. This is real money. You are the most important part of the show. Tell me what is on your mind by tweeting at ali velshi. So many of you have been. I appreciate that. With the ipo, i considered changing my name officially to alibaba. The giant chinese ecommerce and its ceo pulled off something that 88 million americans had never heard of. Antoday it took the New York Stock Exchange two and a half hours to process all the trade orders for the stock. When trading fine ligand alibaba opened at 92. 70 up 30 from the initial price set of 68. By days end, 267 million shares had traded hands and the stock closed at 93, and its larger than amazon and ebay combined. And jack mas stake in the company is worth 18 billion. What about the restitution of ofwhat about the rest of us. The odds are we didnt get the 68 ipo price. If you got it, you probably got in even higher. Usually Retail Investors get 10 or so where the majority of stock goes to Company Insiders and investors like hedge funds. Alibaba was reportedly different. It snubbed some hedge funds like fidelity, and you might actually own some of those mutual funds in 401k, maybe youre lucky and you have a piece of alibaba. The question is whether investors are making a smart bet in investing in alibaba. Alibaba will put customers first, employees second, and shareholders third. That sounds like almost the right approach to me. Though i tend to think employees should come first. Too often companies tried to please shortterm traders who only care about the latest earnings report. Doing right by customers and employees sounds like the right way but that is not to say that there are big risks for the company. And knowing the name and its founder is what you need to know about this corporation. Here are some of the facts that you should know about alibaba. He tried to go public on the hong kong Stock Exchange but it was rejected because of regulation there is. Hong kong has ruled giving shareholders more of a say in companies than the kind of structure used by alibaba. That brings us to the way that alibaba is set up. The Company Structure allows founder jack ma and partner to remain in control of the board. Thats why alibaba looked west. But theyre not buying actual shares of alibaba, which is head quartered in china. Theyre buying shares of the incorporation in the cayman islands. Many of the Company Staff including managers and Software Engineers are expected to be overnight millionaires. Its been reported founder jack hamas been educating them about the pitfalls of sudden wealth. And that brings us back to the company itself. There has been a lot of comparisons between alibaba and amazon. Its not quite the same. Jack ma said alibaba doesnt sell things. It connects buyers and sellers. Its most often described as a combination of ebay, pay pal and amazon. But there is one comparison that did resonate on day one of its public debut. Alibaba surpassed amazon as its most valuable online retailer. For anyone planning on buying alibaba stock now the key question is how jack ma plans to keep alibaba growing in china and how to make a name outside of china in america and beyond. Here to shed light on what it can do to keep growing, tell us, i cant move on to whats next before finishing this thought about now. Were going to see headlines that say the stock is up 38 . That is not untrue, but for regular Retail Investors who are getting their information about alibaba from me right now, you were never close to that 68. Thats right. Like most ipos the priority was to put it in big Institutional Investors. You mentioned fidelity. The Retail Investor made up a very small part of this deal. 10 of that was directed to friends and family of the company, a nice gesture by alibaba but doesnt help most of us. The vast majority of investors probably bought at best the open price. Michael which might have been hig higher. If they would have waited a couple of minutes, it seems to be going up, they would have bought closer at 100. It shows you in the early goings for an i po unless your on the inside of the deal and getting that early stock. Dont get worried about this stuff. Dont get excited about hitting the buy button before the stock first starts to trade. Youre not likely to get the benefit. That said, like facebook there is nothing to say that this thing doesnt over time go higher. Absolutely. A lot of people are looking at this and jack ma talks about having 103 year plan for the company and i talked toeven some Institutional Investors who say look, we dont care what it does today. Well check back in in two or three years to see what progress theyve made on some big initiatives. The major opportunity in front of alibaba is the growth of china. Theya lot of people see them almost like a basket of stocks on chinese consumers. Theyre play of Chinese People shopping online specifically on their mobile phones. Theyre a play on chinese businesses and big brands operate, apple and nike sell through them. Its a play to play on those bevy of trends. In a few years there might be volatility over what its trying to do with super rates, but over the long term it would see a growth of consumption. This is a play on the ground in china. This is an issue. A lot of my viewers might have been investors and might have bought china funds or index funds over the last several years, those have not performed anywhere close to what the chinese economy has done. So we outside of china have not had a vehicle to play on the wealth of the consumer or small business. Thats right. They only buy companies that are listed in hong kong or occasionally in china. A lot of them exclude Companies Like alibaba that are listed in the u. S. But do most of their business in china. A lot of index investors are frustrated that theyve been left out on some of the most exciting things going on in china, like elsewhere in the world, people doing more of their buying online, and the mobile revolution of things like that. Alibaba and a couple of other u. S. Listed Chinese Internet Companies are the best way to play this. Tell me about the red flags in this company, and there are some. There are some involved in financing. Its not run by the government of china. There is someone on the board who is a son of a communist party member, they incorporated in the cayman islands. They were listed in new york because its less restrictive than hong kong. Any of this worry you or is this business being done. There are investors who say whatever the exciting opportunities are presented with alibaba there are risks they dont know how to model or understand. As mentioned before alibabawhat youre buying is stock in an offshore holding company. Thats ti typical in a lot of american companies. But jack ma owns some of the operating properties. That has worked thus far for a lot of chinese companies. It has not been a problem for the most part, however, beijing has never regulated and said how it should work. There is certainly a risk that at some point they could change the rules the way these things work and what you moan might change slightly. And its not even necessarily thats a very likely thing to happen but thats a risk that people are comfortable with risk. Maybe the chinese economy will go up and down in an unexpected way. Theyre less comfortable with uncertainty. Most people dont know much about the way beijing is thinking about these issues. Once you know the information you can make an informed guess. Lots to study. Well look forward to coming back again. All right, china has sent a strong message to corporations that its cracking down on corruption. A Chinese Court has fined british drug maker glaxosmithkline for allegedly bribing doctors and hospitals to use its products. The fine is the largest penalty imposed on any company in china. It follows a series of investigations of foreign firms by the government making Multi National companies nervous that they are being targeted in china. Coming up next. Another country decides the United States adds military might against isil. Ill tell you what france did in iraq. Defeating the militants cant be done solely from the skies. Josh rushing just returned from iraq. Well talk to him about what is going on on the ground there. Those stories and more. Keep it right here. On tech know, fire, devastating and out of control whats at stake here . Theres approximately 360 homes. But now experts say they can predict how a blaze might spread this has been in a fire, now we gotta get the data out of it playing with fire. You guys are working just to save lives. I hope so. Tech know every saturday go where science france has joined the United States in attacking the Islamic State in iraq and the levant. Officials say france conducted its first airstrikes today against the militant group destroying a logistic depot it controlled, and an Iraqi Military spokesman said that dozens of fighters were killed with this strike and france is the first Foreign Military to publicly add muscle to the u. S. Airstrikes. It was warned that it will be difficult to target militant because they hide among civilians. So far american fighter jets have hit targets largely in the open but now the militants are now hiding among the population and there are reports that theyre using children and women as shields. Josh rushing was recently in iraq. You have seen us on our show several times. Great reporting. Great to see you here. Josh, this is a much moreyouve got a history in the military. You were in the marines. This is complicated. The airstrikes are doing what we thought they would do, but they cant finish the job. They cant be the whole job. You always hear about boots con the ground. There are tens of thousands of boots on the ground. If you have the airstrikes working already, you dont have to have u. S. Boots on the ground. The discussion in the u. S. Is if the u. S. Boots are the only boots that count, and thats not the case. But youre right about the airstrikes in the city. That poses a significant problem. Youre looking at two major cities, in tikrit and mosul. What you can do in airstrikes is isolate them where they cant leave, come or go. Because there are only so many roads in and out of these cities. Its not like america. They can isolate them in the city. The question becomes how long are they willing to hold in that situation . If you look at who is holding where the sunni tribes are holding the villages. I think theyre already starting to turn a bit. Its the baathist officers who are holding the cities. Once you have them isolated there it does become an easier fight. S instead the entire Islamic State stretched across iraq. There are boots on the ground. They are disparate boots, and theyre not necessarily the same people ethnically or religiously. Its a strange band of people on one side of the line facing isil. You have shiites and kurds, and you have these baathists, how do we bring them together be to a cohesive fighting force. This is really significant, ali. Not only are you push the Islamic State back, but everyone there is serving their own agenda as well. Any influence the u. S. Is applying, theyre applying to all these agenda. If you have the agenda of the league of the ramps, an iranianbacked Militia Group the u. S. Is using airstrikes to support them moving forward in villages. What else are they doing . Theyre ethnically cleansing and killing arab families. The u. S. Needs to ask if they want to back that agenda. The kurds are grabbing land and oil fields because theyre moving towards independence. Its supporting them moving forward, grabbing this land. I think this is where the game gets really complicated. The airstrikes are game changers. I wonder if the u. S. Is fully cognizant of the game theyre changing. Alqaeda recruited a different way than these guys do. These guys are well funded. Theyre putting forward the nation of hatred of the west, but towards a nation, which is attractive to recruits. Can they replace recruits as quickly as u. S. Airstrikes will kill and destroy . Yes and no. Problem with recruiting is getting people into syria. Turkey has allowed these fighters to come in through the border door, and everyone knew it. They would get off the plane, get of in the van and drive across the border. The question becomes unlike alqaeda, the Islamic State never talked about attacking the west. They want to develop their nationstate but if you start pushing them out of iraq do they start looking at how they take the fight elsewhere. You can see that with the beheadings of the americans. That happened after the american airstrike started. You have to worry, i think, about those guys that have the british passports, the aussie passports. They are the threats coming back into the country. Are we going to force these guys to look to the west to take their fight. Its a very complicated issue. Josh, thank you for staying on top of it. You can hear more from josh in a special fighting isil, an indepth look at the group and its impact in the region and beyond. Its coming up at 8 00 p. M. Eastern right after this show. You got to watch it to understand what is going on. Its again airing at 11 00 eastern tonight. Coming up next. A breakthrough in rebuilding gaza. Allowing Building Materials to be imported, ill look at whether the deal can lead to more peace. Stay with us. Every saturday, Al Jazeera America brings you controversial. Both parties are owned by the corporations. Entertaining its fun to play with ideas. Thought provoking get your damn education. Surprising oh, absolutely . Exclusive oneonone interviews with the most interesting people of our time. Youre listening because you want to see whats going to happen. I want to know what works what do you know works . Conversations you wont find anywhere else. Talk to al jazeera. Only on Al Jazeera America. Oh my we learned this week about a deal between israeli and palestinian officials to begin rebuilding its gaza strip. The Palestinian Authority will be given the lead role in the reconstruction effort and saudi arabia pledged 500 million to help pay a bill that could top 7 billion. This all comes three weeks after a conflict that left 2100 palestinians dead. Most of them civilians. 67 Israeli Soldiers and seven civilians on the israeli side also died. Where do palestinianisraeli relations stand. Thank you, ambassador for being with us. Youre not an ambassador. Im the ambassador permanent observer. Thats right. Tell me how this arrangement came about. Israel is very concerned about Construction Materials getting in because of tunnels, they say. What is the agreement . You need Construction Materials and you need concrete in particular. This is true. This was an agreement announced by the special u. S. Coordinator to palatine and to israel. For the peace process. He announced in front of the Security Council just two days ago, and he said there was an agreement brokered by the United Nations and the United Nations is party to it between the government of the state of palestine and the israeli government. The essence of this agreement, the borders between the gaza strip and israel to allow for a massive scale intersection of materials for reconstruction and addressing the catastrophic situation that exists in the gaza strip. Of course we dont know yet the details, but were looking forward to addressing the catastrophic situation in gaza. Meaning more money you have 300 truck loads of food and medicine, now were talking about more to degrees the needs. You cant have verification systems so that you can slow this process. It has to be something that is so big and to do with very quickly. Can that be agreed upon . I met with them and they told me that theyre optimistic. Extra optimistic because we know the situation in the middle east. But be that as it may he feels that this is going to be a lar larger stale scale than normal. There will be a meeting on the 12th of october in cairo in which major donor countries will be converging there to try to raise at least 6 billion because the amount of destruction and can i catastrophe is billions of dollars. And before things could be rebuilt there could be more trouble. How do we address this . Some donors say i dont know if there is a longterm settlement here. Because clearly it is not long term. Thats true. We need a political arrangement to be put in place. My understanding that the Egyptian Government might put forward the invitation to talk about all the other issues to have a sustainable ceasefire and to deal with other issues that they do not deal with the first time that they have the discussions here. Now in addition to that we believe that the International Community has to look at gaza as one component of the Bigger Picture. The Bigger Picture all the problems that we have including the reparted war in gaza and the catastrophes in the west bank is related to the continuation of occupation. The occupation has to end to allow for the independence of the state of palestine so that we can enjoy the twostate solution. I spoke to someone who said that there was an agreement between hamas and Palestinian Authority, but since then there seems to be growing tensions. There has, but we put an end to the division between us, and the government is the government that will carry this Monumental Task for the rebuilding of gaza, and it is also leading on the political front for a position by the New York Stock Exchange<\/a> two and a half hours to process all the trade orders for the stock. When trading fine ligand alibaba opened at 92. 70 up 30 from the initial price set of 68. By days end, 267 million shares had traded hands and the stock closed at 93, and its larger than amazon and ebay combined. And jack mas stake in the company is worth 18 billion. What about the restitution of ofwhat about the rest of us. The odds are we didnt get the 68 ipo price. If you got it, you probably got in even higher. Usually Retail Investors<\/a> get 10 or so where the majority of stock goes to Company Insiders<\/a> and investors like hedge funds. Alibaba was reportedly different. It snubbed some hedge funds like fidelity, and you might actually own some of those mutual funds in 401k, maybe youre lucky and you have a piece of alibaba. The question is whether investors are making a smart bet in investing in alibaba. Alibaba will put customers first, employees second, and shareholders third. That sounds like almost the right approach to me. Though i tend to think employees should come first. Too often companies tried to please shortterm traders who only care about the latest earnings report. Doing right by customers and employees sounds like the right way but that is not to say that there are big risks for the company. And knowing the name and its founder is what you need to know about this corporation. Here are some of the facts that you should know about alibaba. He tried to go public on the hong kong Stock Exchange<\/a> but it was rejected because of regulation there is. Hong kong has ruled giving shareholders more of a say in companies than the kind of structure used by alibaba. That brings us to the way that alibaba is set up. The Company Structure<\/a> allows founder jack ma and partner to remain in control of the board. Thats why alibaba looked west. But theyre not buying actual shares of alibaba, which is head quartered in china. Theyre buying shares of the incorporation in the cayman islands. Many of the Company Staff<\/a> including managers and Software Engineers<\/a> are expected to be overnight millionaires. Its been reported founder jack hamas been educating them about the pitfalls of sudden wealth. And that brings us back to the company itself. There has been a lot of comparisons between alibaba and amazon. Its not quite the same. Jack ma said alibaba doesnt sell things. It connects buyers and sellers. Its most often described as a combination of ebay, pay pal and amazon. But there is one comparison that did resonate on day one of its public debut. Alibaba surpassed amazon as its most valuable online retailer. For anyone planning on buying alibaba stock now the key question is how jack ma plans to keep alibaba growing in china and how to make a name outside of china in america and beyond. Here to shed light on what it can do to keep growing, tell us, i cant move on to whats next before finishing this thought about now. Were going to see headlines that say the stock is up 38 . That is not untrue, but for regular Retail Investors<\/a> who are getting their information about alibaba from me right now, you were never close to that 68. Thats right. Like most ipos the priority was to put it in big Institutional Investors<\/a>. You mentioned fidelity. The Retail Investor<\/a> made up a very small part of this deal. 10 of that was directed to friends and family of the company, a nice gesture by alibaba but doesnt help most of us. The vast majority of investors probably bought at best the open price. Michael which might have been hig higher. If they would have waited a couple of minutes, it seems to be going up, they would have bought closer at 100. It shows you in the early goings for an i po unless your on the inside of the deal and getting that early stock. Dont get worried about this stuff. Dont get excited about hitting the buy button before the stock first starts to trade. Youre not likely to get the benefit. That said, like facebook there is nothing to say that this thing doesnt over time go higher. Absolutely. A lot of people are looking at this and jack ma talks about having 103 year plan for the company and i talked toeven some Institutional Investors<\/a> who say look, we dont care what it does today. Well check back in in two or three years to see what progress theyve made on some big initiatives. The major opportunity in front of alibaba is the growth of china. Theya lot of people see them almost like a basket of stocks on chinese consumers. Theyre play of Chinese People<\/a> shopping online specifically on their mobile phones. Theyre a play on chinese businesses and big brands operate, apple and nike sell through them. Its a play to play on those bevy of trends. In a few years there might be volatility over what its trying to do with super rates, but over the long term it would see a growth of consumption. This is a play on the ground in china. This is an issue. A lot of my viewers might have been investors and might have bought china funds or index funds over the last several years, those have not performed anywhere close to what the chinese economy has done. So we outside of china have not had a vehicle to play on the wealth of the consumer or small business. Thats right. They only buy companies that are listed in hong kong or occasionally in china. A lot of them exclude Companies Like<\/a> alibaba that are listed in the u. S. But do most of their business in china. A lot of index investors are frustrated that theyve been left out on some of the most exciting things going on in china, like elsewhere in the world, people doing more of their buying online, and the mobile revolution of things like that. Alibaba and a couple of other u. S. Listed Chinese Internet Companies<\/a> are the best way to play this. Tell me about the red flags in this company, and there are some. There are some involved in financing. Its not run by the government of china. There is someone on the board who is a son of a communist party member, they incorporated in the cayman islands. They were listed in new york because its less restrictive than hong kong. Any of this worry you or is this business being done. There are investors who say whatever the exciting opportunities are presented with alibaba there are risks they dont know how to model or understand. As mentioned before alibabawhat youre buying is stock in an offshore holding company. Thats ti typical in a lot of american companies. But jack ma owns some of the operating properties. That has worked thus far for a lot of chinese companies. It has not been a problem for the most part, however, beijing has never regulated and said how it should work. There is certainly a risk that at some point they could change the rules the way these things work and what you moan might change slightly. And its not even necessarily thats a very likely thing to happen but thats a risk that people are comfortable with risk. Maybe the chinese economy will go up and down in an unexpected way. Theyre less comfortable with uncertainty. Most people dont know much about the way beijing is thinking about these issues. Once you know the information you can make an informed guess. Lots to study. Well look forward to coming back again. All right, china has sent a strong message to corporations that its cracking down on corruption. A Chinese Court<\/a> has fined british drug maker glaxosmithkline for allegedly bribing doctors and hospitals to use its products. The fine is the largest penalty imposed on any company in china. It follows a series of investigations of foreign firms by the government making Multi National<\/a> companies nervous that they are being targeted in china. Coming up next. Another country decides the United States<\/a> adds military might against isil. Ill tell you what france did in iraq. Defeating the militants cant be done solely from the skies. Josh rushing just returned from iraq. Well talk to him about what is going on on the ground there. Those stories and more. Keep it right here. On tech know, fire, devastating and out of control whats at stake here . Theres approximately 360 homes. But now experts say they can predict how a blaze might spread this has been in a fire, now we gotta get the data out of it playing with fire. You guys are working just to save lives. I hope so. Tech know every saturday go where science france has joined the United States<\/a> in attacking the Islamic State<\/a> in iraq and the levant. Officials say france conducted its first airstrikes today against the militant group destroying a logistic depot it controlled, and an Iraqi Military<\/a> spokesman said that dozens of fighters were killed with this strike and france is the first Foreign Military<\/a> to publicly add muscle to the u. S. Airstrikes. It was warned that it will be difficult to target militant because they hide among civilians. So far american fighter jets have hit targets largely in the open but now the militants are now hiding among the population and there are reports that theyre using children and women as shields. Josh rushing was recently in iraq. You have seen us on our show several times. Great reporting. Great to see you here. Josh, this is a much moreyouve got a history in the military. You were in the marines. This is complicated. The airstrikes are doing what we thought they would do, but they cant finish the job. They cant be the whole job. You always hear about boots con the ground. There are tens of thousands of boots on the ground. If you have the airstrikes working already, you dont have to have u. S. Boots on the ground. The discussion in the u. S. Is if the u. S. Boots are the only boots that count, and thats not the case. But youre right about the airstrikes in the city. That poses a significant problem. Youre looking at two major cities, in tikrit and mosul. What you can do in airstrikes is isolate them where they cant leave, come or go. Because there are only so many roads in and out of these cities. Its not like america. They can isolate them in the city. The question becomes how long are they willing to hold in that situation . If you look at who is holding where the sunni tribes are holding the villages. I think theyre already starting to turn a bit. Its the baathist officers who are holding the cities. Once you have them isolated there it does become an easier fight. S instead the entire Islamic State<\/a> stretched across iraq. There are boots on the ground. They are disparate boots, and theyre not necessarily the same people ethnically or religiously. Its a strange band of people on one side of the line facing isil. You have shiites and kurds, and you have these baathists, how do we bring them together be to a cohesive fighting force. This is really significant, ali. Not only are you push the Islamic State<\/a> back, but everyone there is serving their own agenda as well. Any influence the u. S. Is applying, theyre applying to all these agenda. If you have the agenda of the league of the ramps, an iranianbacked Militia Group<\/a> the u. S. Is using airstrikes to support them moving forward in villages. What else are they doing . Theyre ethnically cleansing and killing arab families. The u. S. Needs to ask if they want to back that agenda. The kurds are grabbing land and oil fields because theyre moving towards independence. Its supporting them moving forward, grabbing this land. I think this is where the game gets really complicated. The airstrikes are game changers. I wonder if the u. S. Is fully cognizant of the game theyre changing. Alqaeda recruited a different way than these guys do. These guys are well funded. Theyre putting forward the nation of hatred of the west, but towards a nation, which is attractive to recruits. Can they replace recruits as quickly as u. S. Airstrikes will kill and destroy . Yes and no. Problem with recruiting is getting people into syria. Turkey has allowed these fighters to come in through the border door, and everyone knew it. They would get off the plane, get of in the van and drive across the border. The question becomes unlike alqaeda, the Islamic State<\/a> never talked about attacking the west. They want to develop their nationstate but if you start pushing them out of iraq do they start looking at how they take the fight elsewhere. You can see that with the beheadings of the americans. That happened after the american airstrike started. You have to worry, i think, about those guys that have the british passports, the aussie passports. They are the threats coming back into the country. Are we going to force these guys to look to the west to take their fight. Its a very complicated issue. Josh, thank you for staying on top of it. You can hear more from josh in a special fighting isil, an indepth look at the group and its impact in the region and beyond. Its coming up at 8 00 p. M. Eastern right after this show. You got to watch it to understand what is going on. Its again airing at 11 00 eastern tonight. Coming up next. A breakthrough in rebuilding gaza. Allowing Building Materials<\/a> to be imported, ill look at whether the deal can lead to more peace. Stay with us. Every saturday, Al Jazeera America<\/a> brings you controversial. Both parties are owned by the corporations. Entertaining its fun to play with ideas. Thought provoking get your damn education. Surprising oh, absolutely . Exclusive oneonone interviews with the most interesting people of our time. Youre listening because you want to see whats going to happen. I want to know what works what do you know works . Conversations you wont find anywhere else. Talk to al jazeera. Only on Al Jazeera America<\/a>. Oh my we learned this week about a deal between israeli and palestinian officials to begin rebuilding its gaza strip. The Palestinian Authority<\/a> will be given the lead role in the reconstruction effort and saudi arabia pledged 500 million to help pay a bill that could top 7 billion. This all comes three weeks after a conflict that left 2100 palestinians dead. Most of them civilians. 67 Israeli Soldiers<\/a> and seven civilians on the israeli side also died. Where do palestinianisraeli relations stand. Thank you, ambassador for being with us. Youre not an ambassador. Im the ambassador permanent observer. Thats right. Tell me how this arrangement came about. Israel is very concerned about Construction Materials<\/a> getting in because of tunnels, they say. What is the agreement . You need Construction Materials<\/a> and you need concrete in particular. This is true. This was an agreement announced by the special u. S. Coordinator to palatine and to israel. For the peace process. He announced in front of the Security Council<\/a> just two days ago, and he said there was an agreement brokered by the United Nations<\/a> and the United Nations<\/a> is party to it between the government of the state of palestine and the israeli government. The essence of this agreement, the borders between the gaza strip and israel to allow for a massive scale intersection of materials for reconstruction and addressing the catastrophic situation that exists in the gaza strip. Of course we dont know yet the details, but were looking forward to addressing the catastrophic situation in gaza. Meaning more money you have 300 truck loads of food and medicine, now were talking about more to degrees the needs. You cant have verification systems so that you can slow this process. It has to be something that is so big and to do with very quickly. Can that be agreed upon . I met with them and they told me that theyre optimistic. Extra optimistic because we know the situation in the middle east. But be that as it may he feels that this is going to be a lar larger stale scale than normal. There will be a meeting on the 12th of october in cairo in which major donor countries will be converging there to try to raise at least 6 billion because the amount of destruction and can i catastrophe is billions of dollars. And before things could be rebuilt there could be more trouble. How do we address this . Some donors say i dont know if there is a longterm settlement here. Because clearly it is not long term. Thats true. We need a political arrangement to be put in place. My understanding that the Egyptian Government<\/a> might put forward the invitation to talk about all the other issues to have a sustainable ceasefire and to deal with other issues that they do not deal with the first time that they have the discussions here. Now in addition to that we believe that the International Community<\/a> has to look at gaza as one component of the Bigger Picture<\/a>. The Bigger Picture<\/a> all the problems that we have including the reparted war in gaza and the catastrophes in the west bank is related to the continuation of occupation. The occupation has to end to allow for the independence of the state of palestine so that we can enjoy the twostate solution. I spoke to someone who said that there was an agreement between hamas and Palestinian Authority<\/a>, but since then there seems to be growing tensions. There has, but we put an end to the division between us, and the government is the government that will carry this Monumental Task<\/a> for the rebuilding of gaza, and it is also leading on the political front for a position by the International Community<\/a> to decide on a time frame to allow for the indians of the state of palestine, therefore to have the reality of the twostate solution. Youre not concerned at the moment that the disagreement with hamas will occur. We have a tremendous amount of challenges, and it is not an easy proposition, but the Palestinian People<\/a> and own political factions are determined to allow the National Consensus<\/a> government to prevail and show the responsibility with regard to the rebuilding of gaza and the political front. Am basis der, good to see you again. Am basis de ambassador rhead mansour. Ill look at russia interprets the reluctance to get involved in ukraine. Audiences are intelligent and they know that their needs are not being met by american tv news today. Entire media culture is driven by something thats very very fast. There has been a lack of fact based, in depth, serious journalism, and we fill that void. There is a huge opportunity for Al Jazeera America<\/a> to change the way people look at news. We just dont parachute in on a story. Quickly talk to a couple of experts and leave. One producer may spend 3 or 4 months, digging into a single story. At al jazeera, there are resources to alow us as journalists to go in depth and produce the kind of films. The people that you dont see anywhere else on television. We intend to reach out to the people who arent being heard. We wanna see the people who are actually effected by the news of the day. Its Digging Deeper<\/a> its asking that second, that third question, finding that person no one spoken to yet. You cant tell the stories of the people if you dont get their voices out there, and Al Jazeera America<\/a> is doing just that. Western sanctions are forcing some of americas Biggest Oil Companies<\/a> to stop work in the art i can. Exxon memorabilia is slowin exxonmobil s slowing down arctic drilling. This news comes after president poroshenko met with president obama asking for military aid. The question is how far the u. S. Is willing to go to support the ukraine and the extremely obvious answer seems to be not all that far. Sure the u. S. Has blending 46 million in nonlethal aid plus 7 million in additional humanitarian aid. But poroshenko is not getting the heavy weapons for his army that he wants and hes not getting support from nato forces. Even though there is a ceasefire in place in the region right now we still dont know what russian president Vladimir Putin<\/a> is going to do next. The coming months could be decisive in determining what putins new rules will be. Shes the author of sale of the century russias wild ride. Than good to see you from toronto. Petro poroshenko said to congress blankets dont win wars. The pictures is worth more than a thousand words. Is it or does poroshenko need weaponry and more military back up . Look, i think all the supports that we can give to ukraine is helpful. And Financial Support<\/a> is very helpful. Support getting through the winter and helping ukraine solve its Energy Dependence<\/a> on russia is absolutely crucial. What i think president poroshenko is emphasizing this week in washington, in ottawa is that we must not be fooled into complacency. Poroshenko is a moderate. He describes himself as the leader of the party of peace in ukraine. You know, hes the guy who has done this compromised deal with russia, but hes concerned, and i think rightly, there could be a further russian push. We need to listen to that. Everyone wants this problem to just go away. There are so many other problems in the world. Youre talking on your show about the problems of the western middle class. Thats all true. But the world doesnt go away just because we want it to. The issue is what happens next . Weve heard a number of Eastern European<\/a> countries say that their flow from russia is diminishing. Poland said there is less gas than there used to be. We know that the weather has not turned cold yet enough to matter. The president of georgia being at congress and being told by john mccain, we got your back. We saw Petro Poroshenko<\/a> being invited to wales where the nato leaders were meeting. Weve give off the vibe that were with you, ukraine, just not always with you, depending on what you do. Well, were with you except youre going to have to the fighting yourself, and it looks like for now youll have to find the weapons yourself. I think we can expect pressure on a few fronts. If you said that outsiden energy front and there were reverse gas flows from poland to ukraine. Thats when we see the cut back in the supply. And we had an estonia official abducted in estonia who is now being held by the russians. Thats a real concern. There has been pressure in central asia, worrying statements from russian officials about the ethnic russian authorities in kazakhstan. It could be on a couple of fronts. Eastern ukraine where those russian led separatists are in place and poroshenko has done a deal with them giving them straight status for three years. You know, poland, you talk about estonia and the estonian president has been warning everyone to be careful. There are going to be nato exercises in romania. The fact is that they took this estonian guy. Is that not a violation of the socalled article 5 that says that nato has got to act . Well look, i think that what were going to see, and the anything that we have to be really worried about, i think were going to see lots of probing and pressure from russia. What we find in crimea was not coming in right away with tanks that had russian flags on them, but sort of a more stealth hybrid war scenario to make it more difficult for us to judge whats the moment when we say this is our red line. Its not like the old days where an attack was clearly an attack. Now its not clear what an attack is. At a fundraiser last week president obama said ma america does very little raid with ukraine and geopolitically what happens to ukraine does not pose a threat to us. I dont know what the context he said it, what is the biggest threat, isil or russia. Do you agree with that . On the trade point, absolutely. On the threat point i think its a grave mistake to under estimate whats going on. What were seeing is a russia, which has said the old rules, the rules which were set by the 1977 hell 1977 hesinki accord, that countries were not allowed to invade each other. But that was been broken and we dont know how far he could go. He could try to go further, indeed. Well keep an eye on it. Thank you for following this for us. The author of. What is more important in beer. The patriotic red, white, and blue can founded in milwaukee back in 1844, 170 years ago. Not any more. The Russian Company<\/a> called oasis beverage just bought pabst brewing company. The price tag was 700 million. It also makes schlitz and old milwaukee. The old company said that it will keep headquarters in los angeles and has no changes to make changes to its brand. Pabst put the blue ribbon on its name on cans, bottles actually, after competition in the 1893 chicago world fair. Scotland is not going anywhere. Well see if the scots put enough of a scare into britain to get better treatment. Utter, just real reporting. The new Al Jazeera America<\/a> mobile app, available for your apple and android mobile device. Download it now protestors are gathering. Theres an air of tension right now. The crowd chanting for democracy. This is another significant development. We have an exclusive story tonight, and we go live. Its a chilling and draconian sentence. It simply cannot stand. This trial was a sham. They are truth seekers. All they really wanna do is find out whats happening, so they can tell people. Governments around the world all united to condemn this. As you can see, its still a very much volatile situation. The government is prepared to carry out mass array. If you want free press in the new democracy, let the journalists live. there is slightly good news coming out of a census report. No state had a decline in Median Household Income<\/a> between 2012 and 2013. However, only 14 states saw an increase. Wyoming, alaska, utah, kentucky, michigan, california, ohio, texas and florida. The largest gain of 5 was in wyoming and alaska. The other states ranged from 1 to 3. 3 . The American Community<\/a> survey includes house old income, poverty, and Health Insurance<\/a> for u. S. States and metropolitan areas. For 2014. It expects Household Income<\/a> to increase as the result of better job prospects and moderate inflation. But the firm said that income poverty and income inequality has a long way to go before we dig out of the financial hole that was created by the recession. For the past five months weve been documenting the lives of three families desperately digging out of that hole. As part of our series americas middle class, rebuilding the dream. Diane recently landed a new job as a school bus aid. Despite a new job they decided rent out a room in their home. That didnt work out so well. We sacrificed part of our house. We rented a small portion of our downstairs. We saw 950 a month. It pays towards the mortgage. It helps a lot. Sometimes a tenant comes in for three years, five years. Theres good and bad. We have this tenant, and at first he was a nice guy. But as time went on i feel it like in my sicilian gut i got it right here. I said there is something wrong. I said phil, something is wrong with this guy. No, hes a nice guy. Hes by himself. He pays the rent on time, blah what. You were inviting him upstairs. That was in the beginning. I was getting ready in the kitchen. A cop knocks on the door. Do you have a blahblahblah living here. I turned to him and i told you something is wrong. He said, i need for to you sit down. He was naked at my front lawn at the school bus stop. I started to hysterically crying. Im, like, he needs to get out now. I went through hell. But then we had the best tenant who was there for ten years. And now our friend lives here. It was a sacrifice. Now you can breathe easy. Our taxes are 12,000 a year. That really helps. Without that weve been reallywe could be in the worst trouble. What a story. Next week well get an update from the williams family. They have turned to renters but an Unforeseen Development<\/a> may force them to leave their apartment in chicago. A struggle far from th any measure of wealth, the United Nations<\/a> has declared extreme poverty can be ended by 2030. Hugh evans has been at the front of that movement. Today he served as ceo of the global poverty project. Ending extreme poverty by 2030. What does that mean . Were talking about the 1. 2 billion who live on less than 1. 25 u. S. A day. Its a umbrella notion from everything from healthcare, education, job creation, water and sanitation, Food Security<\/a> but its the macropicture of aid, trade, commerce. These are the factors that influence the worlds poor. Thats what were seeking, the policy environment seeing those 1. 2 billion people lifted out of extreme poverty in the future. While the world grows more unequal and were seeing the story were looking at here, the inequality between the haves and the have nots. Were making better progress of lifting people out of extreme poverty. Are we going to meet a goal of being rid of extreme poverty by 2030. The last 15 years have been the most successful. More people have been lifted out of extreme poverty in the last 20 years than in the 200 years prior to that. In terms of ending extreme poverty by 2030 both the United Nations<\/a> and the world bank have declared that goal boldly. So has hour organization, but we recognize its not going to happen by itself. If you leave it up to Economic Growth<\/a> alone you till have 700 Million People<\/a> only average living in extreme policy. We need to get the policy right. Access to healthcare. Access to education. But were not talking about secondary or tertiary. Were talking about vaccines and healthcare that were talking about to the 1. 2 billion people who live in extreme poverty. Thats what we are focused on. You said if we left it up to Economic Growth<\/a> we would not be as successful. The concept of lifting all boats does not work for the extremely poor . It works to some extent. You have seen it in china, southeastern asia. The growth of the dismiss have been lifted out of extreme poverty. But in sub is a hai subsahara, Economic Growth<\/a> is necessary but not sufficient. What were talking about is a broader political environment that ensures the poorest of the poor are not left behind. Why have we been so successful in the last 20 years, and is it sustainable stuff because whatever is working has to work for generations to come. South korea, for example, youve seen massive investment in education. So the economy is grown. I think ultimately we need to see what were talking about for the extreme poor is were talking about very basic things. Were talking about agriculture Food Security<\/a> for agriculture farmers. Were talking about in the case of education primary education at this stage. In the stage of healthcare, were talking about simple intervention like access to vaccines. Easy Economic Growth<\/a>, sustainable. Thats a broader question. Were talking about specific interventions that will impact the lives of people. This guy is a rock star. Hes going to fill Madison Square<\/a> garden. Many people think that Narendra Modi<\/a> won his election because he is going to bring business. But india doing the right thing will lift a lot of people out of poverty. Absolutely. He famously said by 2019 it would mark the 150th anniversary of mahatma gandhis birthday. This is also the demandside equation. We want people who want access to irrigation. Were talking about how could you create that demand and you need Mass Mobilization<\/a> to achieve that. As we saw in the case of polio, which was two drops and spear heading this across india, and it was highly effective and it change culture. You started this at age 14. At this point to be 14 and doing this was almost weird. But this new generation of kids. Mill len millennials. Millennials, globals, you have a lot of kids doing big things. We find cultural ly across america, india, southeast asia, i see tens of thousands of young people mobilized. Weve got hundreds of thousands of Global Citizen<\/a> who is are taking action day in and day out. I think its a culture phenomenon, and its good to see that the private sector and the government is start to go respond. Great work, and all the years that youve put into it. Hopefully youll see the end of extreme poverty. Hugh evans. He has set his sights of eradicating extreme poverty, but i want to go back to alibabas historic ipo and contagious founder jack ma. I have a feeling that ma and the next generations of his family will never struggle for money. At 50 his desire is that alibaba become bigger than walmart. To be sure its a noble goal to want to learn from an surpass the worlds biggest retailer. A word of caution. Walmart has become a lightening rod over a debate. It does deliver lowpriced goods to its customers. But one wonders at what cost. Its critics are firmly in favor of raising the minimum wage. I bring this up not to attack walmart or that jack ma and alibaba will fail the test of capitalism. But for jack ma and others who have made sums of money that most cannot even dream of in silver life times, lets hope that jack ma succeeds with his mantra that alibaba will put employees first. Customers second and shareholders third. All three can benefit from alibabas success including americas middle class still searching for good jobs and for those in the world that hugh was just talking about, searching for a glimmer of hope. Thanks for joining us. Announcer this is al jazeera. Welcome to the newshour, im dar ep jordan from the news center. Freed by i. S. I. L. , 49 former hostages return home to turkey. Houthi rebels advance in sanaa as the situation","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia800902.us.archive.org\/33\/items\/ALJAZAM_20140920_090000_Real_Money_With_Ali_Velshi\/ALJAZAM_20140920_090000_Real_Money_With_Ali_Velshi.thumbs\/ALJAZAM_20140920_090000_Real_Money_With_Ali_Velshi_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240621T12:35:10+00:00"}