Transcripts For DW Corona Special 20240713 : comparemela.com

DW Corona Special July 13, 2024

Says to him talk composer nobuo uematsu. Featured in many well known his music is better known to give you stuff sounds good. Video game music on t. W. The coronavirus isnt just a health issue its an economic one as well. All around the world shops restaurants and factories have been forced to close to help fight the spread of the disease millions of jobs have been lost in retail hospitality and even the industrial sector. Businesses are on the brink of collapse in many countries the powerful aviation and cost sectors. Have turned to their governments for financial assistance. As Corporate Giants cry out for help should taxpayers themselves struggling to come to the rescue. Who will foot the bill for those massive government aid packages. The coronavirus looks set to make the world a poor a place governments face the daunting task of deciding who to prioritize. Welcome to this covered 900. 00 special on whats in but then its nice to have you along with us so there can only crisis brought by coronavirus has driven businesses of all sizes as well as individuals to our governments to help them through even once proud corporations have found themselves begging for bailouts paid for by the state vast numbers of jobs dependent on the survival of businesses some governments and now all that stands between their citizens and destitution. A drive through in the age of coronavirus rather than fast food theyre queuing for unemployment forms. Last month alone more than 20000000 people in america lost their jobs as locked and froze the economy that has rapidly pushed many to the brink of poverty federal Food Bank Programs such as this one in las vegas are helping people just about get by im still waiting. On the point to be waiting for me like. I have in europe governments in france germany italy spain the u. K. And elsewhere across the continent have boosted income subsidies for workers laid off due to the pandemic spending historically large sums in the process. For all those who need assistance during this period stated for those not going to work for companies will be extended and reinforced such measures have never been seen before and they already protect more than a 1000000 employees and many of our companies. Germany alone has already provided around 1. 00 trillion in financial supporters including loans of 50000000000. 00 to freelancers and Small Businesses alone. But the biggest tool of all available to governments is nationalisation when companies in critical sectors are on the brink governments may step in and take a stake for example German Airline has requested Government Intervention and some support may be forthcoming. There are limits to what a state can do by virtue of the fact that money is a finite resource however the pandemic has taught us so far that legally speaking there is little to stop states doing whatever they feel is necessary. Lets speak to Gabrielle Silva ny hes an economist and president of the kill institute for the World Economy thanks a lot for joining us just explain to us how involved governments are actually even allowed to get in cooperation so there are no formal limits. For bids will prohibit. Companies countries or states to take shares in comp but is there is a rules of course on the european level that regulate state aid but there is no such thing as a pretty patient to do so a lot of corporations states are involved in from utilities electricity producing companies to the Airline Companies to reroll Postal Services and so on so we already have many sectors in many countries where states own a lot of equity you mentioned lines and you mentioned your theres been some pushback from other airlines against frances decision to help support afghans caliban what the arguments against the state getting involved with companies. Look last month and heres we had a lot of discussion around china and china subsidy dies inc and Chinese Companies who would then compete internationally and skew the Playing Field in their favor and expected the same arguments ill brought forward state interventions in europe if france or chairman or any other country subsidizes its own airline theres a risk that this. Leads to a an even Playing Field and disadvantages competitors like ryan air or or others who dont have the support of. A state because the state aid will at the and influence the boring costs. Of those companies it will also possibly influence the valuation of those companies on the on the stock exchanges but this money isnt coming without Strings Attached there are conditions on a lot of these bailouts one of the things that the governments pushing for from companies in return for the money well essentially 2 things that governments tend to insist on in europe 1st management masta forgo bonus payments during the time that the governments are invested in their companies and the companies are not allowed to pay and it didnt. These are the rules that most often require and then. In many cases. Also government delegates on the boards of these companies so that. States reserve the right to influence management decisions in the companies that they invest in so i think good news for all taxpayers do they benefit from that tax dollars going into these major corporations. This is a very hard question so you know economic history is very skeptical about that in the past. Governments that played a big role in corporations typically didnt do very well the states are not the bets and the prisoners but in the Current Crisis if a company like left town so if france goes past needs to be restructured this caused the lead to bigger costs for the taxpayer than if the government invests in a in a temporary fashion it must be very clear that governments should get out of these investments as soon as you can European Commission is talking about 6 years this is already a very generous. But in the long run it clearly government money invested in those corporations is typically not well invested in the short run that might be benefits for the taxpayers well thank you very much for bringing as youll expertise on this professor Gabrielle Selden live president southie Keel Institute for the wealth economy thank you. Now is out of the program where you get to ask your questions to ask highly knowledgeable science correspondent williams. If you can get the virus 3 your eyes how does it reach your lungs to in fact. This is interesting because weve been hearing from the beginning that the eyes are or one possible avenue for the corona virus to enter your body but its still not one that we know much about a couple of new studies however appear to confirm that the eyes can serve as an entry point for sars cove to as well as a reservoir for person to person transmission they showed that some cells in the i also carry the receptor that the virus binds to its cold its called a stew thats the the enzyme doorway the virus uses to enter and attack the body and there are tiny ducts between the eyes and the sinuses and tears drain into your nose so an infection in the eye could move from there to your upper respiratory tract and eventually make its way to your lungs. Blood mechanism determines patients symptoms. Why they have great variation in symptoms very different people. Some people are asymptomatic others develop life threatening pneumonia some only get diarrhea others have neurological problems some experts even think its associated with lesions on the feet a condition thats being called the show at times it really does seem like were not facing a single new virus but a host of them that all cause different symptoms we we still dont know exactly why that 19 can affect different people in such different ways but a few factors definitely play a key role 2 big ones are how old you are and whether you have previously existing conditions or. Another factor is your sats then theres your blood type it could play a role and factors that are more nebulous like whether you might have had certain vaccinations and of course theres your own individual genetic make up which lies at the heart of everyones personal immune response so there are a lot of things that will be playing a role in symptom variation in 19 patients although there are of course going to be trends and similarities in symptoms if you look at large groups of patients at the individual level people just dont react to infections in identical ways. As a science correspondent Derek Williams if you have got a question to getting such with if you can leave it as a comment or a post on you tube channel now to be eligible for state aid the state needs to know that you exist but for the around 2000000000 people around the world working in the socalled informal economy that isnt the case business is that arent registered for taxes all monitored in any way at a government level and not in line for the sort of support formal enterprises are getting as weve been hearing the International Labor organization has warned relative poverty among informal workers had increased more than 50 percent worldwide because of the pandemic some of them are having to work through the crisis despite the risks of their health and thats why governments are being asked to at least ensure they have access to health care and food support for their families. And thats it for come in 1000 special for more to go to our website d. W. Dot com well weve got a dedicated section for the coronavirus pandemic in a fewer than 30 languages and robots and belin thank you very much for joining us this. Kickoff special. 6 times undefeated european champions 2 World Championships and olympic victory the German National soccer team but. Heroes of some. Others hold still germanys Women Football is soon still seems. To go. On t. W. Its a deadly sin. And the womens nature. Motivates us. And threatens to ruin us. Greed. Insatiable desire. Drives a. Good. Gauge of ive come to hose down the tourism. Because i see the harm is done to the world while south of the top. I would say of the selfishness and accumulation of material goods is really a sump dont hold fear we literally run the risk of being the 1st formal flights to be responsible for all the special. Fly on the radio as we go in search of answers in a documentary film. Stars may 21st d. W. 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