The world has become so complicated almost hostile in this environment does todays use have a future and whats it going to look like after the pandemic generation lockdown our topic today on may to welcome now each generation has its challenges mine was faced with a cold war and the possibility of being wiped out in a nuclear war this doomsday scenario made planning for the future pointless instead we strove for selffulfillment after all who knows how much time we really have its actually not that dissimilar to todays millennialists but since the coronavirus pandemic hit they have gone from worrying about self realisation and Work Life Balance to truly existential fee is my colleague. Explains. Remember university 1st of all to australia chase my dreams for the money i want all of this selffulfillment and a small Carbon Footprint i am a millennial but it was so interesting to hear because its so far through my lived experience im not sure thats true here was a bully would be want to do a book or log down is now granddad obsolete because the current sorry guys that was preplanned demick me last year compaq feels so long ago. Thats us generation y. Well maybe more like generation. Generation lockdown. My names leaders to harper president of washington d. C. Im used to kind of hand to mouth. Check to check life so ive always had. To read 5 jobs simultaneously the problem with the pandemic is that its really just cut outs all of my industries. And their lives and i actually live in the philippines when the pandemic hit the philippines all of our where we had been from all my love of something like. Its all a lap up this. If they dont have a bet here for it during the 1st line i was surviving but god made me back my name. I. Know and i am. I was looking to change my job back now with lockdown i cannot like the new into music you not like. I am exactly at square one before the crisis some 67600000 young people between the ages of 15 and 24 were out of work as a result of the pandemic if thats increased to an estimated 328000000 so john people are being hit especially hard. Even before the and every kid who must work any more than once and now its getting even worse all of us are getting fired its harder and harder to get into our 1st jobs and training and education have ground swell holes. Not really great for our egos to be honest. Young people employed in the Informal Sector so without a contract i was specially vulnerable africa 93 percent of Young People Working in the Informal Sector as too many in the Asia Pacific Region in the arab states and in latin america. My generation is very self focused i think a lot. Less to be more of the bo self involved me me didnt have to walk full this security like alabamans generation and looking at society and community doesnt come naturally in my generation. We want to feel passionate about work do something meaningful and work as flexibly as possible and yes i want to. Fun of my job. And my boss has to play along because he needs me. But. Im kind of lost and i need your help where are you when i need you it looks to me as if youre in a bad or am i seeing a famous assault order. At least theres one good thing about the pandemic i can work from home now all the time but also grounds for wherever i want check you have an activated the mute button. As you call it. We are told to work. Less i cant afford to live on my own like i have to live with roommates probably my whole leg like i dont know there is definitely. Some about you need that when someone its raining and you see. That one the day when they need to lay out the moment should i write if we have less job security and we need less money how are we expected to pay for them they dont know. Well its pretty clear that hospital and growth will suffer from this crisis but maybe we can also turn it into something positive generation for lets make the postpartum the growth a better one. When its an old saying things usually get worse before they get better so before we can embark on making the world a better place im the knock down surely offers an opportunity for this we 1st have to deal with the fallout from the crisis the effects of the coronavirus pandemic already being felt on many Different Levels but above all the impact is financial with a rise in unemployment a downturn in consumer activity and the collapse of Certain Key Industries like Energy Interests and what economists have dumped the covert 19 recession might end quickly but it can still have long lasting consequences is a look at some possible scenarios. The Global Economy has come to a screeching halt during the coronavirus pandemic a crisis like no other many fear for their jobs as companies go bust or stop investing people save their money and spend less worsening the downward spiral. Stock prices Interest Rates we jews and prices all tend to decline we are now in a global recession a recession is one phase of the Business Cycle that generally runs this way and economy recovers booms goes into recession hits bottom in a depression before recovering again. Many define a recession simply as 2 consecutive quarters of decline in g. D. P. Recessions can be over quite quickly but the consequences such as job losses can endure. The transition from recession to recovery can take different forms. A v. Shaped curve describes a sudden collapse followed by a rapid recovery thats the best Case Scenario with the you shaped curve the recovery takes longer government and central bank 8 need time to have an effect. An l. Shaped curve represents the most damaging scenario the economy does not pick up there is a prolonged to depression loss of confidence a wave of bankruptcy and mass unemployment as for germany estimates of how much the economy will shrink this year range from 6. 5 to 20 percent this is set to be germanys worst recession since the 2nd world war. And while this recession is hurting pretty much everyone University Students are in an especially bad place lecture halls deserted libraries are shot and courses and exams take place online if at all. But students are also suffering financially germany for instance has nearly 3000000. 00 students and more than 2 thirds of them normally rely on part time jobs to get by but many of those jobs have been obliterated by the pandemic as a result almost 800000 students have lost their income its a situation that is even tougher for foreign students who have no family here to fall back on no job means its harder to afford Health Insurance many also face an uncertain visa status in many countries the u. S. For example has threatened to Deport International Students if they dont attend classes in person the situation is less daya for those doing their studies here in germany but they too need help. My life was great before the coronavirus came when he did so i went out with my friends all the time we want shopping. My life was wonderful. The coronavirus is making me crazy i think its a disaster. Dave hi mike i best. Cave in is one of almost 400000 foreign students in germany shes been here for 2 and a half years now. Im k. V. And i come from come over you know im studying business informatics here in germany but the virus has turned my life upside down. Until march she also worked in an old peoples home but that lockdown restrictions ended that and her income dried up. But then im one thats your heart if i cant afford to pay my Health Insurance theyll tell the university which will tell the Immigration Office that. I could lose my residency status. Is very complicated. Bad thing i could never imagine having to go home because i lost my fisa. Act. That would be terrible to get more. Many foreign students are facing all kinds of unexpected problems rosso Maria Ramirez is also studying and berlin but now shes back home and lima she went to see her family in february and got stuck there when per group went in the lockdown. My plan was to come back at the end of march. When i left berlin there only been 4 cases reported in all of germany. I told my friends at university that if things got bad they could come and join me in peru. Now. Im stuck. I didnt think the virus will come here too but then it did and it hit really hard. Shes studying geography and international development. Over the past few years shes done a lot of traveling including for her Field Research and her masters thesis. That was quite a different life compared to these past few weeks living with her parents and siblings in an apartment and lima. This is weve been here at home together for more than 80 days. We cant visit anyone else. People are afraid to see each other. If i dont get back to germany by the end of august i could lose my status my work permit and my student fees. And student missing but thats because ill have been out of the country for more than 6 months. And then id have to prove again that i have enough money to finance my stay for at least 6 months. And that would mean a deposit of 4000 euros in the future but i dont have that much. And what if you really cant come back. Some arya is determined to complete her degree are you becoming more flexible. Yet i think we Latin Americans are like that. If something doesnt work out we look for an alternative. Stays in touch by phone with her siblings who are also studying in europe she has almost run out of money she does her course work online but cant afford to do much else. I would like to buy some new clothes for the summer. Because of the coronavirus its not so easy. I cant go to walk. I havent got enough money to buy much. Except for a few little things. I think it could be cyclical it could be 3 groups. The German Government is providing interim Financial Aid to students in hardship including foreign students the maximum is 500. 00 euros a month probably not enough to tide her over. For. Well 500. 00 euros its a start but where is the money for this aid coming from our state coffers that healthy not necessarily countries around the world are running up an astronomical amount of debt in a bid to save their economies and who will get stuck paying back all that money right may well be down to the Younger Generation to pick up the pieces. Vast sums of being spent to bail out the ravaged economies hundreds of billions of euros in germany. In india. Probably in china. And in the United States trillions. Of governments have to borrow most of this money but who will pay that debt back. Todays elderly for todays young. Much public debt only comes decades later that means todays young will carry the can in many countries. There is already a shortage of jobs and training opportunities for higher taxes and spending cuts are quite likely in the future so are todays millennial as the main losers in the Coronavirus Crisis. Not necessarily they might also stand to benefit if investment is focused on shaping the future. Education digitalisation environmental protection. If firms are kept going through the crisis jobs should become available again holders of government bonds should eventually get paid out to desean will inherit public debt but some of them will also inherit government bonds so members of the same generation will be paying each other back foot. If an economy grows stronger repaying debt wont be a huge problem. Protracted crisis by contrast would be a disaster. Inflation bankruptcy and mass unemployment would be much worse for coming generations than inheriting a pile of public debt. Now that in the midst of every crisis lies great opportunity thats a quote attributed to Albert Einstein a genius so he should know so well as the upside to this pandemic if you work in the digital sector you may be feeling it Digital Services are and she watched him on to these days and those providers are busier than ever while others are struggling what does it feel like to be on the winning side we met up with young entrepreneurs in johannesburg. So it all the former home of Nelson Mandela is usually a tourist magnet but since the Coronavirus Crisis the streets have been cleared and the Stores Closed standing in front of his empty shop causa feels completely helpless. Business. Business. So. Its a devastating situation for young entrepreneurs state support is only available for Large Companies experts predict youth unemployment will rise even more this year. But those who will set up Digital Business models before the crisis are in a much better position to ride out the shutdown like yoga teacher and influence t. V. Milo sylacauga 4 years ago to demolish started to live stream her daily practice sessions since the lock down her number of viewers has skyrocketed. There is a lot of the one who wasnt because not is not a musician and instructor. Both markets are interactive because people are looking for music and some people want to stay healthy so in general for me i think its been good and more so right now given. Around 1000 people tune in every day the training sessions are free for everyone to mellow earns money by promoting a clothing label which she wears during the sessions to mallow isnt the only one who is making the most of her Digital Business. Is also exploring the possibilities of that live free. Together with other artists cujo is developing a new commercial format for live streaming. Hes certain that this technology is a growing trend that will last long after the cold beats 90 crisis to him the possibilities are endless im looking forward to having like a live concert big concert live concerts where you can actually purchase a ticket and have some kind of code that you put in just to get to your product you know and things. Definitely thats in march a south africas 1st cyber party took place it was a huge success well the lineup featuring many popular musicians and deejays a mammoth 700000 listeners today in the online events. But for many young people who are losing their income this offer as little solace expensive internet rates and poor connectivity mean that everyone can simply go digital still calls in so little is trying to make the best of things he started marketing his clothes over whats up in facebook he says the crisis has made him rethink the way he does. Its mission. Comes. Out of your comfort zone. And trying to make it. Trying to make something out of nothing i think. Its not up. To the situation. Theres still room for improvement he sold just 2 pieces so far but calls are ses he want to let the virus win like many others hes in this for the long haul. Thats the right spirit that its all about having the right attitude especially in times of crisis it is something many of us ought to learn because the coronavirus pandemic might be the 1st real crisis weve lived through but all the generations before us also had bass share of troubles so how did they cope my colleague left cuba went to his mother for advice. As one is it true its a completely new experience in on im alone house on this move i can only go out if absolutely necessary. Is up to us and also how can i cope. Mama Mama Knows Best i ask her. If. I can be fine she always has advice for me come on that would often shed have an answer theres time to my mother and my mom always say son sit up straight even now. Sit up straight. Its a great opportunity to sit up straight for a few days if you cant go out. My mothers of my mother grew up in the country on a farm shes worked hard all her life shes always well dressed she likes red lipstick they are a lot of photo so for with red lipstick. She hates breaded fish it doesnt go with fish she says she loves brussels sprouts you had she has lived through so much wall in crisis. Since youve been she was and is always so calm. And well dressed. Ok projects have been canceled or postponed you can be angry about that you have a right to be angry all of us like mother would say this yes its really awful another time of secretary rices its not the 1st time shes had to make sacrifices she doesnt say god its so terrible what can we do you. Instead she says and it is we wait it out and then carry on and we grow in the process like that sort of special quality of hearse and im someone like if i have learnt one thing from mama gets to not stand still but instead see the opportunity to do things differently this crisis is changing so much how we communicate how we manage projects really for many of us its a great opportunity to do something you always wanted to but never dare to you up to now now is your chance and this crisis opened up or a singing. Opera singer. Hes got a concert mama right now were getting her it would be too dangerous but she takes that in stride too if you mean i miss her she misses me but if she keeps on saying thats just the way it has to be for now we have a phone twice a day every day. So look after each other or from one another down then we have gained something from the crisis. Good advice and yes being a hopeless optimist myself i agree its pace to remain optimistic while the well young all old were all in this together thats all from major this week thanks for joining us. To. Enter the conflict zone for the search. My guest this week is involved boyce minister of Foreign Affairs and International Trade c bossi soloing as a former. Chief us also the face of the military coup that propels and lots of palace. Zimbabwe the same. Political economic. Problems. Spain has seen 20000 covert 1000 related deaths both peoples. How did it come to this. Term such patients away. Dont treat residents of the old peoples homes. Parents. Many others want justice. To play. 90 minutes on t w. Go beyond. The stories that matter to. Them. Whatever it takes. A running. Plane full of. Made for minds. Is for me. Is for. Me to go for it is for. Me to. Beethoven is for. Beethoven is for everyone. Beethoven 2020 vision 50th anniversary here on d w. Frank food. International gateway to the best connection self in road and rail. Located in the heart of europe connected. To the own world. Experience outstanding shopping and dining offers and try our services. Be allat guest at Frankfurt Airport city managed by from bought. This is you know their name is a live from berlin hacked and hijacked scammers access a series of high profile twitter accounts and enough parents cryptocurrency scout bill gates for rock obama and iran much are among a number of public figures whose accounts posed in tweets asking people to make better point transfers also coming up on the show. A setback for european efforts to crack down on tax avoidance to a Court Overrules a decision requiring the tech giant apple to pay for 13000000000. 00 euros in unpaid