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tv   Counting the Cost  Al Jazeera  May 11, 2024 11:30am-12:01pm AST

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a unique perspectives. why is it the doctors don't get to have a saying any of the medical workforce has been so under valued by the british government for such a long time on hub voices? tick tock had been a place for organizing politically, for getting people to vote for getting people to protest, connect with our community and tap into conversations you weren't find elsewhere. why is our government taking us to work on the basis of live? we? the public has to get out there and do something about it. the stream announces era, the, the hello the laura, kyle, this is counting the cost on outages era. your week you left at the well, the business and economics this week. as well as i installation deepens as tequila,
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holts, trade with the nation. well, that costs their economies. a lot of the countries also have punished as well over its will on gone so as well as buying on products and in what cause is hustling is industries and has to price thousands of neighbors and lifeline. we'll take a look at how the coping and weight loss drugs of trying of pharmacies, shelves, what's driving the mom for the new diabetes and a police or 2 medications. and could they reshape the industry? the many nations are accusing israel's prime minister of committing genocide in garza and prussia is growing globally on benjamin netanyahu. to end the conflict, even from his places allies to kit has become the 1st country to hold all trade with israel, with $7000000000.00 until a permanency spot is reached. an uninterrupted aid is delivered and pros, boy thought could further harm the as really economy. that's being passive by the war. the spice is growing international installation ness and yahoo has rejected
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a cx 5 deal with him. us saying it doesn't meet the nation's demands. image and kim, that reports of the relations between israel until you have long been troubled, would use a 7 diplomatic ties, yet trade was body to nearly 7000000000 dollars last year. and it's always continued until now. i do need to validate that the trade hold again is valid, including important export will continue until a permanency spot and cause that is secured as well as on him. did humanitarian aid flows to the region. president red chip type, other one has long been a critic of israel's treatment of palestine. since the world goes up was low and still don't tell you. for the 7th, he's been outspoken about what he says. a war crime is committed by israel in garza . well, israel his blood took, he is a drops, said i, there's nothing acceptable about the developments between israel and palestine up
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to now israel has killed between 40 and 45000 palestinians without mercy. and as mostly men is i'm thinking both for us to stand by and watch this happen. whatever steps needed to be taken, we took them out a set of them. israel's foreign minister is like an ode one to a dictator. or the one is breaking agreements by blocking points for is really imports and exports. this is how it would dictate it behaves. disregarding the interest of the turkish people and businessmen, ignoring international trade agreements, they added the israel would focus on like production and impulse from other countries saying we when they lose the israel's economy has lost much since the war began. the war is costing around $250000000.00 a day with the total. so full estimated at around 60000000000. while spending a soaring revenue is dropping, is ro is expected to lose about $1600000000.00 worth of annual exports to chuckie.
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walter keys, let's israel's 5th biggest source of impulse last year. it's products like steel, machinery, fuel and c products was around 5400000000. imposing from countries federal way we increase transport costs. nike closing prices and israel shops to royce. know the country has caught existing trade toys. what is wrong to split clues to do so, some protest is across europe in the us. many broken diplomatic relations, but israel remain steadfast and continuing it school. despite growing international prussia, including a genocide case underway, the international court of justice and investigation by the international criminal court. and even its largest deal, you know, the us is condemning its offensive and rough image and came out a 0 for counting the cost as well. let's look at what all the countries are doing in response to as well as well on garza colombia is the latest latin american
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country to break fit plastic relations cooling, as well as actions and goals that genocidal children behind techniques, south africa, chad and belgium level. so 7 diplomatic relations over cold, the boss of this over the war front has suggested sanctions to push it as well to allow aid into casa, and belgium is pushing for the you to impose these as a block us kind of the front on the u. k. level placed sanctions on individual sapaulas responsible for violence in the occupied west bank and the india middle east europe, economic cargo, which is planned to increase trade between asia. the middle east on the e. u has come to a halt because of the war on dollars. also, we've been saying, protest, springing off at universities across the us, my students cooling for the institutions to divest from organizations, links to israel, that'd be nice demonstrations and many capitals cooling for a safe spot. and for governments to stop selling weapons to israel was bringing all
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to exports. now to discuss this 5, and joining us from stumble is how come act bosh? he's the managing director of to teach at advisory services. i'm from london joined by e a winter. he's the silver, like professor of economics, of the hebrew university of jerusalem, and the professor of economics at lancaster university in the u. k. thank you very much. both of you for joining us on counting the cost. l. tack here is one of israel's main sources, full imported goods. what impact as the salton holt has on the availability of products and prices for the consumer or the impact on prices would be major. busy but, but the spread on these rarely economy will be stripped because, um, what's going on happen is that is right. we either import these product from other places or that these products will come from turkey, but we'll stop somewhere else,
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let's say in greece. so we to just raise uh the uh, the transaction costs the, the transportation costs. but i want to want to go back to the, where it all started. of israel main imports. the in from door to is tories and tories in turkey enjoys a lot of a very high volume of tourist, mainly in the summer. and there were 2 incidents, but the calls is ready to stop going to or to one of them is the october 7. when it was shown on tv, okay. busy uh, the uh, the, the how much lead there she has. okay. i'm yeah showing is brad. okay. okay. okay. it's all on a on a talk to story. okay. so that a 2nd go towards the okay. so let's just say to, you know,
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make implications of this. draw just that. okay, so, okay, my, i'm, i'm explaining the source and then there was another picture called article gun inviting commerce people to turkey, inhaling them as heroes. okay. when he's riley sold these, they said we're not going to go to turkey anymore. yeah, we haven't changed a little bit from the economic impacts of touchy jose. and when they trade, we understood programs that you've done. the reasons for the most of the impacts of them have is really tor smell, stops going to techie. well is riley, taurus will find a different destination. okay, let me just, let's get how kind of opinion the point is to be okay if you wouldn't mind, well bringing how come 1st one is this address that issue? an issue of a is really taurus stuckey does depends. okay. it does depend on tourism as a main source of its economy. how has is really tourism drying
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up affect to that? laura tanks, what are you fighting me over? and um, yes, choice in them in turkey is among the top destination for tours, and that's just in the region, but also in europe and the bird and the israel eating coming taurus, they'll have some impact. but if you look at the, you know, 30 plus $1000000000.00 a year, uh, income from tourism that would be really uh, slim. at overall i would say that they, you know, tried to use both sides. i had complicated relationships, but they managed to sustain the economy collisions despite the joyful to go passions or the political tensions this time to key not only has cut digital medic violations, but also the economic ties that i think this, this is economy. trade sanctions is one of the many tools that you can use when it
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comes to treasury in your country, okay, that alone is not going to be enough. i want to know that how much is impact to tuck key because of course it's impact thing is well on the availability of goods and prices to the consumer but took you. a $5400000000.00 a year and exports to as well. so this is taking us to fair economic hits to, if you look at it, uh, just about this trail is being one of the few countries that turkey has enjoy the trade show plus. but uh, if you look at turnkey exports over a $150000000000.00 a year, are you looking at only 5 uh, over $5000000000.00 and uh oh, so i wouldn't be that on the traders bill side. you know, you know, a new ways to sustain the trades relationship as they have done it in the past. so most likely to 3rd countries, they will us, you know,
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start finding ways. okay. a part of it is this, this team that really shop really unexpected. and but the traitors on both sides, we'll find ways to adopt. okay. but ill try it as might find ways now to adapt to what about this free trade agreement that has been standing between took it and it's relative, fussy, yes, of how so on said how come said talk in as well. have whether many bumps in the rows of that relationship, but is this one that they cannot get hold of? i think that will get over this one. i mean, i'm sure it's temporary, i'm sure the pressure, impulsiveness, room and in turkey, uh, by, by businessman, by firms uh to, to resume, to trade. the trade is important for both countries. the relationship has been always very important. turkey. it took the role of mediators in,
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in to meet the lease which, which unfortunately, it has stopped being the case. i mean, our relationship was commodities for the parking, for the purpose of trying to meet the uh and, and, and bring this conflict between them. but there is no uh, account uh with the ation on, on part of our okay. it is right. it has a very long traditional, very, a good relationship with, with uh, with uh, with 13 my book, uh, printing smart was translated to turkish. and it was a big celebration in built university with a presence of the, of the you, the president of the university. and i'll be myself lots of times we simple in other places and turkey. i think, uh, you know, when, when people are, when the people are in, in good relation. and that's indeed the case. people who feels very likely that are here people and vice versa. in the leadership would not be able to to,
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to destroyed or not, or for a long period. okay. how come i was, one of us do was impacts this is actually going to have cuz other one says that they will not stop tray to come with as well until there's a permanency spot on. on hinden a into garza. and yet since talking holton age, we have seen that's know who going into rafa. and we've seen it rejecting a deal with how much they don't. if this is the major move doesn't seem to have any impact to tool. yeah. and if i make a part of the reason why i don't really stop trade because his party suffered a major erosion of bones coming from it's really religious hotline years because they thought that he wants to focus on is. and so he had to do something domestic feature, but coming back to the impact of this international, they talk to you say,
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but my mind influence certain aspects of it. i was like one of the, again, for the policy. but if it is not going to go as far as stopping the book, especially now that'd be potentially looking at the brunt end of the operation into a rough law. and so i knew it was coming as you wanted to move it to say, hey, this is a versioning unitary inside to the, to be able to, the pressure on the, he's very, the government. i'm also trying to mobilize really the other countries in the region, especially when it comes to societies and uh, you know, as others. so again, j bar across already from me, sanctions hardly alone, major that kind of trying to move it country. but it comes to these 5 really hard choices. okay, ill just uh, the last, what to you uh, how successful do you think uh, the one is going to be uh, mobilizing other countries to take some of the moves,
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especially as this war drives on. well, hopefully the boat was not drags the phone for a long time. um uh, i mean the, the issue of, um, uh, economic booklet is some single foot grades on surgeries, rarely also for the government. um eh, and i think uh that would but, but, but it cannot look, relations are important for both sides. no meant. so what, what, what we're told which sides we're talking about there in order to increase the welfare of the people. and therefore, it's not easy to implement them and, and that's something very terrible happens. uh, i think uh these relationship with specifically with turkey will go back to as to where, okay, before the work and that we have to leave our discussion, you know, when to how kind of a class. thank you very much for joining us and counting the cost and take your or
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before the war on garza arrives. 200 thousands. paula city is what's in israel contributing an estimated $390000000.00 to the policy and economy every month. now restrictions mean only a few 1000 and what permits are being issued, leaving most palestinians and the occupied westbank unemployed. so taking drastic steps even risking the lives to survive. then bus robbie has moved from ramallah a broken arm metal pills in his leg of fractured news and deep cuts on his hand. injuries that could take months to heal size and dozens of other palestinians were trying to scale a separation wall. crossing into israel to find work on the few lost his foot and found so it says he's lucky to be alive. when asked why take such a risk?
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he just looks around the room. and off the switch is better to work or ask people for charity. what can we do? there is no choice. so i was going to work to help my family for adults can tolerate hunger and anything else. but what about the children who will bring the diapers in milk for these children please? how could they understand? there was something more and slaughter before how could they understand that there was no work, as it is real, they can make enough to survive doing construction work, painting houses, electrical repair, and other manual labor. but since the war on garza israel has barred entry to most palestinian workers leading to an unemployment crisis. some palestinians are killed by is really bombs and bullets for others. so it's father says long term unemployment is starting to feel like a slow death. how did that at 1st? i thought i lost my son. what would you when i saw the video,
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was up in the blood was covering his face and i thought he was dead. it was disaster. if i knew he would have jumped over the wall, i would not have let him go at all. it is not uncommon for people to scale these high walls because on the other side is, is rarely territory. it is a chance to find some work to earn some money, but seeking financial salvation in a sense, by sneaking into israel, the very country that is oppressing you and your people is no doubt for those doing it. a pride, swallowing endeavor, the palestinians. we've been speaking to say they feel they have no other choice. this some people with their lives earlier this month of the him on there are father of 7 died after nearly a month in his rarely custody. detained in his real, along with his son for not having work, permit us the wedge of civil. he felt the thing in his chest. we called the gods. it was meant to come negligence. i gave him air. i gave him chest compressions
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enough to 13 minutes. the ambulance came to a tap intact, and if there was more attention in the hill reach, maybe 2 to have been okay. i use a father trying to feed his family, died in his son's arms on the floor of and is really prison. so no work in the occupied westbank and no help on the horizon means few options. let me go over so far in minnesota. if you don't want us to go to israel, should we steal? if we had another choice who would not go to work in israel, we would not take the risk. we would stay here where it's safe. the side says when he's better, he'll try once more, even if it means risking his life just to give others a fighting chance in the same bus route of the old jersey, rougher counting the cost be occupied, westbank palestine now they've one of the celebrities on generation billions of dollars in sales drugs such as of them pick we go to the we
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go v and montero have off handed the weight loss industry in the us many reset. so say the injections originally made to treat diabetes could help solve the basis a crisis moment. a 1000000000 people around the world are obese or overweight, but many deltas are warning against the drug side effects on the prospect of having to be on the long term to keep the weight off. but at least $3000000.00 prescriptions for the medications we issued each month in the us and the year up to march, the bill of leading thought programs has begun, including them in the subscription plans and goldman sachs. so the drugs, the leading, the way and the weight loss, the drug industry, which is expected to be with a $100000000000.00 a year by 20 to see the health and fitness companies are worried. the medications could we shape the business models that's big. now it's andrew follow in vain berlin. he's a senior fellow at the university of oxford and at global health economist,
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i'm doing great to have you with us. first of all, why are these drugs being used as weight loss drugs, so popular? as well as hospital says, as you identified in your introductory passage, the drugs were not originally and developed for weight loss. they were, they, we use for diabetes and of the side effects often was found to be that it would reduce your, your weight. so this phenomenon was really good. come out and clinical trials 234 years ago. and um, you might argue that as being a push, a concerted pushed by some of the players in particular, some of the companies. and so you've got that sold in the supply side of the products that are on the demand side. we have, as you identified massive problems, something like 2 sides of the population of the us in some category rather being classified as or bees. initially, these drugs were developed for diabetes. we know that in the,
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in the world at the moment, roughly one in 10 of the population has diabetes coming off of them are actually know about it. and that number is set to, to, to really stick with a mixture of products coming along. plus a definite need for the, for the, for the products. and what are the issues that we can to, to buy is whether the risk benefit is, is watch at the moment i was thinking, well, i came on the night to the, to the, to the show that, you know, it's a bit of a wild west show out there and i went with a little bit of social engineering and a bit of a social phenomena on top of it. and to some degree, maybe some of this has got a little bit out of control. i certainly taking the market by storm, haven't they? that are being led by 2 main companies to go never know desk and a lily they are currently they've been able to do awfully, haven't they on this market? how's that affecting the pharmaceutical industry? well, well, this is the what the 2 companies beat the name but not as good,
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amazing way. it's actually the proof of the share price has come to the point where it's worth more than the ged pay if it's higher. economy is denmark. and to indeed, i really has a shadow price to post it. i had to have the tesla and i had all from the target to the, you know, the, the big stores in, in, in the us. and these process type them of salt top. i mean, one of the things is, but it's difficult some not in my mind to you what the loan tom situation of, of, of this market is us as companies and to, as regulatory issues and risk start to a pay. uh, i think there's an element of making pay wants to some signs. you might as well, you know, getting the market saturated and as many sales as you can as quickly as you can. and i looked at the, the thinking as an economist, i looked at the price of, you know, the forward market is how their pricing and this and, and how other common tights as an expert saw looking at the 5 years of, of, of the, of these companies i mean, what, the implication that i think you'll possibly hitching at is also the impacts upon
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the, the health industry and, and also society. you know, if the level of demand for the product is as high as the company's suggest, 800000000 customers in the world. and if some of the pricing that's currently being used goes through, you can see situations where the, the impacts on other companies on, on health systems on governments could be extremely high. if you think of, you mentioned the us, you know, a huge portion of the medical bill in the us at the moment is prescription drugs. and here's the fits to be title. they would need to be taken on the long, you know, long term life. long prescription, and i think one reason the study looked into this and said, well, you know, even if you have a bit of a discount and you just hit 10 percent of the patients in medic had with the put it look like a. this is $27000000.00 a year, which is about
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a 5th of the current met decap drug spending budget. okay. yeah. so you know, it's not, it, doesn't it, it pains to me a situation of something, but this is where is the old guy. he's got the something that because he already was saying having a no con effect on other drugs, we know that these 2 companies, they control 75 percent of the play insulin markets. and both companies are currently showing shortages of installation, of course is affecting diabetic patients. isn't because they're focusing more on these weight loss drugs that are more lucrative. i'm well to 1st off. yes. look at the, the, the value of these drugs up to remember that these of any recently in the last 2 or 3 years were really ramped up in terms of the market penetration and marketing around the product. and they, they, they don't cost that much to actually make of the month. and the multiple cost is the, a dollar or 2 on some estimates. and you can see that possibly by just looking at
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the pricing across different markets, you know, anything from $1300.00 in the us down to a $100.00 in the u. k. that tells you that there's a very big profit margin on that. so it's a huge emphasis on, on, on, on some, on supplying that market at this particular point in time. and i think what you're guessing at is, is supply issues. and it comes back to my price point. there's a lot of them such and see about even for the companies, about where, where this market is going to, if you and give you certain of, of where the kind of demand was going to go into the future. you would still to up your supply capacity to some degree. i don't think what's going on is that there's that there is a kind of a bubble respect with development to this. and you don't necessarily want to complete the respond to that on a long term strategy. so what you're guessing is this has not on effects to all the sectors and ask you to use this because these were originally for died, diet diabetic nations. and so this,
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the certainly has run out of time. this might be a weight loss of funds. another one that might not stand the test of time and you follow it many thanks. indeed for joining us here and counting the cost machine. my pleasure. thank you. and that is also so this week, but remember to get in touch with us on x, use the hash tag h a c t c. when you do drop as an e mail counting the costs of officer adult. and that is our address was also, i'm of you online at out 0 dot com, forward slash ctc. that'll take you straight to a page which has individual report links and, and try to emphasize to catch up on that set for this vision of counting the cost. i'm laura kyle: i'm from the whole team. thanks for joining us. news announces era. the one is the biggest elections of 2024 in the general election will administer now
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render moody's b t p. increase its fruit across the country. how will economic uncertainty and you've some employment swaying, focused in key states? and will the media be able to cover the vote, reading unfairly, ongoing coverage. but in the, as an action on out tuesday, around the amazon home to indigenous people and diverse ecosystems is being destroyed by relentless drilling for oil. they're living in direct contact with petroleum through fear, border. and so in ecuador, communities of fighting the corporate joins in a battle for survival, and to save the love of the work, i'll just see you as you see doing the final graph. the canyon government has forwarded thousands of people across the country to move away from wetlands that have flooded many areas. torrential rains in the region have been made was by
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the el nino where the phenomenon this is how close the houses are from the narrow down. it doesn't look like margins covered by what the highest says when it will bus knows the what comes to that, how is this? the problem in that ruby has been watson by pull drainage and he's taken the bill. settlement people's beeping in near the narrow be down say they know they're not supposed to be there, but it's the only place they can afford. the the why have american
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evangelicals become? is real strong. as backer is us president, you'll find the right to stand with israel with no red line. as long as us support continues. is there anything that can stop is real, solve on concept, from going on in? definitely a quizzical look at us politics. the bottom line, the, the is really military orders further evacuations an eastern rough osh where at least 30 palestinians were killed and over night attack the bodies of victims. this is where the air strikes arrive at the overburdened an ox off hospital in central gas off 8 children are among the dead. the, you're watching all just the real life or my headquarters and downtime data. you navigate also coming off.

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