Susan are coming to. Explore the various flavors of sonic creasing. Fusion and so i am a challenge for you. Start september 1st on d w. 3 days take the United States fiscal shortfall to one t. V. Truong tariffs and tax cuts are set to widen the budget deficit to one trillion dollars in the next fiscal year. Served up but so is security and the french resort town of garrett host of the upcoming g. 7 summit residents and Business Owners are worried the locked out will hurt the local economy. And u. S. Travel restrictions. Take a slice out of cubas tourism sector. This is the w. Business im john nelda on in berlin welcome the u. S. Budget deficit is expected to balloon to more than a trillion dollars in the next fiscal year the Nonpartisan Congressional Budget Office warns that federal debt is on an unsustainable course it says the budget deal signed into law earlier this month would increase deficits by 1. 00 trillion dollars over the next decade the cvo is also projecting Slower Growth in the coming years means lawmakers will have to increase taxes cut spending or do post to put the brakes on spiraling debt our financial correspondent joins us from new york what does the deficit mean for the economy Going Forward well especially if you look at the future if the u. S. Economy should get into a recession or we see growth slowing quite a bit so what can washington do cutting more taxes for example that would even balloon the deficit higher and weve seen it when the u. S. President to Donald Trump Took Office early 2017 we saw this a mess of tax cuts and if you get less when then on the other side you get a greater deficit and this deficit would be even a bigger problem if im a yield so if Interest Rates wouldnt be pretty low because otherwise this that would be even more expensive now u. S. Central bankers are also meeting in jackson hole with the state of course of the u. S. Economy top of the agenda what have you heard out of it so far. Well fight or go home thats what u. S. President to donald trump treated trying to put pressure on the Federal Reserve to keep cutting Interest Rates we sold the 1st bear Federal Reserve bankers arriving in jackson hole wyoming and weve gotten some interviews and some hints that at least some of those. Members are not too excited about cutting Interest Rates further at this point overall the u. S. Economy is still on a pretty solid path so the main exit clearly will be on friday when. The fed chair will take the stage where we will see if you will give any hints how likely it is to see further rate cuts but im not really certain that we will get that much out of the jackson hole meeting by the end of the day its also not just a general policy decision whats going to happen with Interest Rates in committee but clearly this is the main act now on friday when jerome paul takes the stage donald trump recommending fight or flight for u. S. Central bankers in jackson hole that was hands carter thank you very much. See sun sand and surf as holiday destinations go the southwestern french city of berets pretty much has it all but this weekend its playing host to the g 7 meeting while that might move the political contests it certainly isnt doing much for business in the city. Normally at this time of year pierrots as beaches would be full of tourists looking to catch some waves or raise instead its hosting some of the worlds most powerful political leaders in town for the g. 7 summit. Ahead of the start of the event on friday the city is in lockdown the airport and man train station will be closed to the public well certain parts of the city including the beach are only open to residents that have permits. According to the local mayor though there is no major problem. But 1st of all i would say in beer its everyone knows that starting august 20th we see a decrease in the number of tourists we are not at the peak Holiday Season of august member of the but local Business People are not impressed by the disruption during what should be one of their busiest weekends. And all this is to produce us of all we have to say that for 3 days now weve seen a decrease in revenue and its not the last week of the Holiday Season but the 2nd to last week that might been running the stand during the Holiday Season for 15 years now and berets and this is usually my best week since my may have simmons because its stupid simply put just stupid i think its ridiculous the should have organized it in the middle of winter but it still would have had a positive impact for businesses that usually dont do as well jordan winter. The reason for all the security is to thwart protesters to come out in force for such high profile political gatherings but with such a massive security operation in place its likely that the only people protesting will be those whose business has been hit. Overfishing is reducing fish stocks around the world and africa has been particularly badly affected and going to the situation is becoming serious over 2 and a half 1000000 fish and the well being of the industry is critical to livelihoods and the west african country. Every morning uncle a young son goes out to sea full of hope. He has been. A fisherman for over 12 years it was his own uncle who taught him when he was a boy. Now yanks in a showing his own sons the ropes of fishing is getting more difficult here. And see thats the way we start our day by asking god to help us to catch some fish or there was i dont know what we will eat at home but i want to this is the only thing i can do to look after my wife and my kids. And if youre here for a. Song as well this prayer is used to try and coax some fish into the nets for a long time the good man coast was home to one of africas most fish rich bodies of water but in the last 50 years fish stocks have dropped by half and today its the same old story for uncle at a yanks and his prayers for full nets have not been answered. At the fish market in the town of elmina some fishermen have done a bit better it seems but the fact remains that the ocean here is being heavily overfished and the marine ecosystem is in danger earlier this year the government took action. I asked symbolically close to the sea. In the name of the father and of the south and of the horn is. Last spring beginning in ministry of fisheries decided to impose a fishing ban on the countrys coastal region. Busy plan to reduce fish in their faults. As they in the year and also show that. At this time it is expected that that my charity or fish will be spawning. It is the time for them to spawn. These are hard times for ghanas fishermen. This fishing brand will not be the last but it may well help secure a future livelihood not just for uncle dunston but for the millions of going to ns who depend on fishing. Or plans to revamp truck plant owned by its chinese a joint venture partner photon to build Mercedes Benz branded heavy trucks in china under the plant photo and will reportedly adversities bends branded actually as heavy trucks to its production lines savings bonds truck beds trucks currently sold in china are imported the truck market in china is holding up well despite the climbing auto sales this is because of growth in ecommerce and improved Logistics Infrastructure us month photons parent beijing auto bought a 5 percent stake in dimer. Cuban cigars a stroll on havanas famous malecon while classic cars drive by Many Americans have enjoyed their trips to cuba over the past 2 years after travel sanctions to the communist country were loosened under the Obama Administration today the situation is quite different. Tourism was supposed to be a growth industry in cuba but ever since u. S. President trump has banned american troops ships from cuba and titan tristrem and u. S. Citizens to travel there for a short boom to the island nation is over tourist arrivals are down 23 percent for the month of july following a 20 percent drop for the month of june trumps fight against the government have passed people suffering. By it all now are were talking about a stratospheric drop the United States government is intentionally seeking to do harm to the cuban government but what they are actually doing is harm us the workers those of us who work for ourselves but have an agreement with a government that has been a catastrophe since june where when you. Among the 1st victims of the trend restaurants where the number of guests has plunged. Them i look to the side im off a cruise ships really had an impact during the low season because when we were in our low season and there were cruises you didnt really feel it because the americans really kept tourism afloat tourists from america will good tourists but well now they are not here and we still have to be working. For trump his actions against cuba seem to be a political ploy for many in cuba there are a nexus tensional threat. And. That threat from me and the Business Team here in berlin are more Business News than features. D. W. Dot com slash business are follow us on social media im john album on thanks for watching. Enjoy the conflicts on which to sebastien the song east europeans think of moldova as a new Coalition Government largesse whose brief is not the mature but charming face president of the Outgoing Democratic Party and a former Justice Minister we moldova now find good food corruption if he is showing abuse cos hes raechel in conflict so for 60 minutes. You know that 77 percent topic are younger than thanks scott. Thats me and me and. You know what time all voices. Of the 77 percent talk about the issue. For all parties to fashion thanks from housing boom boom boom town this is where. Welcome. Because 77 percent. This weekend on t. W. Im. With him her to being gone do goes on because were biased by you know if i had known that the boat would be about small i never would have gone on a trip i would not support myself and my parents on the 10 year old who bought of the dream of the going to get a sleeve for a. Mobile in front of the other one who when he came to them i had Serious Problems on a personal level and i was unable to live there for the months im going to. Want to know their story the librarian sterve find it implausible information for grants. This is due to every news africa coming up in the next 15 minutes the phone has become france the president s im glad that you got to have ended it just fears that damage trade between the countries you waited was 70 and they had a fuse to each other of spying assassinations admittedly past. And the efforts to heal divisions along religious lines in nigeria as i do mistakes
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