Officials taking but. Ryanair ahead Michael Oleary will bend over backwards to make a buck and that mentality has helped to make ryan air a force to be reckoned with and the european market. Further refining the ultra low cost model plane needed by u. S. Carriers south west oleary cut ticket prices in favor of making money and baggage fees on board shopping and other secondary revenue streams. But that cost cutting obsession ran him a fall of many unions they objected to what they described as substandard pay poor working conditions and uncertain labor contracts. The result many pilots left ryanair and the airline recently announced it would be forced to cancel some twenty thousand flights through march of next year. To stave off a threatened strike in some european territories over the holidays ryanair management recently announced it would finally enter into talks with the unions but if weve got to make a change with make a change and in this case because it was on christmas week it was within our control and were where we called the unions to to call off this action so people can take away all that uncertainty and get home for christmas but it seems that not everyone was convinced Michael Leary had really changed his tune germanys pilot Union Cockpit says theyre calling for a four hour morning strike on ryanair flights in germany this friday or if they carry through with the threat it would be the first strike in ryanair history. Is Donald Trumps tax bill really a Christmas Gift to the American People is how the u. S. President puts it well first of all trump probably one sided into lower until next month that a delay potentially painful spending cuts until after the midterm elections and then economists say low and middle income and as will likely be bad the greatest burden while most benefits go to the wealthy and corporations. The Business World is celebrating the massive tax cuts and Many Companies are passing along some of the savings to their employees boeing says it will provide an additional three hundred Million Dollars for job Training Facility upgrades and Charitable Giving wells fargo is boosting its minimum wage to fifteen dollars an hour and donating four hundred Million Dollars to nonprofit and Community Organizations during his victory lap donald trump cited eighteen t. As an example of the upbeat mood as the company promised a one thousand dollars bonus to two hundred thousand employees once the tax bill is signed into law republicans argue that cutting the Corporate Tax rate well entice companies to step up investment and that will create new jobs but analysts say that hasnt been the case with previous tax cuts. The United States has tried to do this cut taxes on corporations and high income individuals and expect growth has not happened yet and so this is another experiment and see if this works this time but history is not a good guide for. If the tax reform fails to bolster growth as promised the countrys deficit could spiral and increase pressure on washington to cut social programs the Strong Economy and near for employment have led many analysts to question the need for the one point five trillion dollar tax overhaul. A chat about this with our financial guy a new york and scored a yes Ronald Reagan did something similar in the eightys how did that go down. You know we hear a lot of comparisons at the moment in respect to the eightys tax cuts of Ronald Reagan but there are some major differences first of all the reagan tax cuts were mostly targeted at individuals and not so much corporations the top tax rate back then for individuals was a good seventy percent but that an old sort of times were quite different because we had reagan started Interest Rates at about eighteen percent and in a very short time was the new year Interest Rates got cut in half and that was not the doing of Ronald Reagan but the big then fed chairman paul volcker so maybe that gave even a bigger boost to the economy meaning the cut of the Interest Rates and then the tax cuts of Ronald Reagan but what did happen eventually also under Ronald Reagan is that deficits started to increase and thats pretty likely to happen once again today also confirmation out today the the u. S. Plane make a boeing has been in merger talks with Brazils Embraer how has that been looked at by the market. Obviously the market believes that it is possible because specially the stock of embraer at the brazilian stock market increase their roughly twenty per cent and the deal could make sense because l. Bust so boeings big rival is teaming up with bombardier in a similar segment and in the segment where embraer is as strong as boeing does not have to offer that much so the deal could make sense but there was a big question mark if the brazilian government would go along actually they have some remarks out of brazil that the government might see a partnership but not necessarily that a foreign entity is taking control of ok the latest market news there from the ends quarter in new york. Thailand is getting its first high speed rail line its part of the chinese belt and Road Initiative of modern day silk road chinas thats figured every buy these days especially Infrastructure Projects linking its to the rest of the world especially at a time of lowered domestic growth will keep powering its plans to shake up the economic order. A dragon dance performance was a highlight of the celebrations thailand is eager to upgrade its antiquated rail network and china is eager to lend its know how type Prime Minister prodi who presided over the groundbreaking ceremony hes looking to the future with his country playing a key role in the region. Thailand is developing in every aspect to become the center of connectivity in this region. And this Railway Route willing to cambodia laos meon more and vietnam as well as to china india and other countries. The first phase of the project is a two hundred fifty kilometer high speed line linking bangkok to knock on russia sima also known as co rod the full line will stretch eight hundred seventy three kilometers to the northeastern city of noncurrent along the border with laos its expected to be operational by two thousand and twenty three beijings belt and road infrastructure drive aims to connect china to economies elsewhere in asia as well as to africa and europe. A huge new state of the art factory tens of thousands of new jobs you think ethiopians will be jumping for joy but not when the pace so pathetic youve got to rely on Financial Support from mum and dad. One pair of jeans after the other row upon row of sewing machines this could easily be one of the traditional textile countries of asia but its ethiopia one of the worlds poorest nations this summer ethiopias ambitious government opened an ultra modern Industrial Park with chinese help its aimed to produce high quality textiles for the european and american markets. For the past few months has been working for the Epic Group One of the textile producers here the twenty year old comes from the countryside and first to learn how a sewing machine works. And im not here because i have a job and no money but im also happy to be able to learn something new. He said. Lem works six days a week nine hours a day but she and the other young women here earn just forty euros a month overtime is part of the deal unpaid of course. Spent years working in the sri lankan textile industry now hes keen to get ethiopia ready for the massive Global Demand for clothing. I would. Saw in the garment industry. You could because the biggest part of. This being. The new seamstresses undergo a month long training period mainly in production techniques but they also learn about fabrics as well as whats expected of them in their new job. Maybe there is a language of prayer maybe. Doing that this time they can easily understand how can they see it even how. Its forecast that more than sixty thousand people will find work at the western Industrial Park by the end of two thousand and eighteen at the end of the working day. And her friends make their way home to a life very far from the modern world of work. Is really tough for us here we dont make enough money to live on. And we often have to go hungry. I sometimes wonder if i shouldnt just return to my village and help my parents maybe i find a better paid job sats to be had to you. The young women dont want to leave ethiopia like many of that generation in africa that hopeful that positive change is on its way in that country and perhaps the Industrial Park is a beginning even if you rely on it to secure a future. Thats nice doing business with you. While phone number out of a will not succeed in dividing us about not succeed in taking the people off the streets because were tired of this dictatorship. Taking the stand global news that matters. Made for mines. G w true diversity. Where the world of science is at home in many languages. For thought of programming. Our innovations magazine for. The. Every week and always looking to the future fund d w dot com science and research for asia