Tuesday 15 January

Automatic TRANSCRIPT

You're listening to the globalist. First broadcast on the fifteenth of January two thousand nineteen on monocle twenty four the globalist in association with UBS. Hello. This is the globalist coming to you live from majori house in London. I'm guy Delaunay coming up either a no deal Brexit that would call turbulence for our economy create barriers to security cooperation, and is rob people's daily lives all the risk of. No Brexit, all knots. Prime Minister Theresa May's warning head of the meaningful vote on the her deal to leave your opinion union, but she staring defeat in the face. So what exactly will that mean for the United Kingdom with parliament set to challenge? The executive. It's a twenty first century political drama with an increasingly seventeenth century flavor will be running through the permutations in Westminster and hearing the view from an increasingly nonplussed continental Europe. Also had remember when Hillary Clinton accused Donald Trump of being bladder Putin's puppet. Well, that's because he'd rather have a puppet as president. And no, no. No, it's pretty clear. It's pretty clear you won't admit Russians of engaged in cyber attacks against the United States of America. It's not more than two years since that unedifying debate and President Trump's making efforts to ensure details of his discussions with the Kremlin remained secret. Even if that leaves his own officials in the dark also in the United States tale of paper fortune's with shakeup on the calls for the country's print media industry, giant Gannett is the target of a billion dollar bid will also be rustling through the morning newspapers here in the studio as well as taking a look at the business news, that's all had on the globalist live from London. As a new class of people in the United Kingdom known as Bob's. That's an acronym which stands for board of Brexit. And that's the last time I'll be mentioning the b word in this program. I don't plenty of others will be gripped by the final day of debate on Theresa May's deal after so much is at stake. Not just Britain's future relationship with the EU the prime minister's authority and parliamentary conventions role say up in the air at the end of the debate. They'll be the long awaited meaningful vote, and it seems certain that MP's will give Mrs Maes deal with thumbs down. Then we may be heading down paths. Little trouble since the seventeenth century nuts. When parliament last made a habit of taking control from a little loved executive, the permutations many. And if anyone tells you they know exactly what will happen there merely exposing their unsuitability as an analyst. But there's nothing to stop as running through the possibilities and hit do that. With us is political journalist, Terry. Stephanie, welcome back to the globalist, Terry. Well, you know. Just put you in an awkward position slightly haven't. I. We were just talking about this before we came on I presume, you're not Bob did yours excited as I am. No, whatever happens today, if you'll into fascinated by how British politics works and how the British constitution works. This is going to be a really really interesting day. If you're not look away now and find something else to do probably at least the next forty eight hours. I think the big question today as you said earlier is not whether to Reza may lose. But by how much people talking about her losing this vote by anything up to a majority of two hundred the low end of the estimates is about one hundred people talking in office sweepstakes around Westminster going with about so that she could lose by about one hundred eighty votes. So for any and people appointing out, you kind of interested in this sort of thing, and this we really get into the rooms of of geeky here that the last prime minister to lose on the scale was Ramsay MacDonald in nineteen twenty four. So the goal of these conventions are being broken. You would not normally expect a prime minister who loses on the main issue facing the government to survive in a sort of minutes after that vote. The trouble is that we've seen the conservatives already tried to get rid of Theresa May once in the last few weeks they failed. The likelihood is that she is still going to be there. And the question then is going to be what happens next is there any way that the government can carry on pursuing its policy, and it's it's really it really gets interesting after the vote this evening because it depends so much on various things which amendments people and shoes what procedures MP's try to catch? Carry on with to try to to take things further. Jeremy Corbyn expected to call a no-confidence vote. Does Theresa May go back to Brussels all of these possibilities than open up. Do you think you mentioned the ghee Kary element of it that I'm terribly? I'm more excited about this than I was about the finale to the bodyguard. And I Don the Whitney Houston. I don't live in the UK. And watching it from continental Europe has been as fascinating as I imagine it would have been here. But do you think it's been breaking through to the UK public have journalists of the media being able to transfer that excitement to their audiences because it is terribly important. What seeing here is historical as well. I I think it is very difficult to convey it because it all comes boils down to talk about who's amendment is selected, and whether the bulls amendment is different from the Ben amendment, and we can we can explore all of those things which are important. I think to most people there are certain people who we've seen in the streets of Westminster over the last few weeks are now getting angry about this. There are people who say that, you know, they were promised that Brexit would happen relatively straightforwardly that they see that that is not happening. There are people on the other side of the argument. He thinks that, you know, this is in all of this is a wrong course of action to be going. So there are certain groups of people. Yes. Massively. Angered and motivated and interested in it. I think to you know, the British public at large they'd probably largely confused by what's going on given the you know, the complexities of parliamentary procedure. I think that's not really surprising. Let's cross to Westminster now and somebody probably spends a lot of time standing in the streets of Westminster and getting shouted out by people in yellow jackets, Vincent McCovey, who's the Westminster? Correspondent for your news. Vincent, we've had three years of Theresa May to retain cast of exploding deacs ministers negotiating they steal. It is. I think generally the the best deal that they are able to get and yet we've heard Terry saying sweepstake as one hundred eighty votes will be the margin, and that's the margin of defeat. Do you think she's got any chance of pulling rabbits at the hat at this late stage? Are really great threes may have been incredibly lucky politician. She has managed to carry on through what would have totalled previous prime ministers because it is such unique time, they think using your foreign secretary, and it will decks secretary of the same day would normally be the end for government and survive things like confidence my posse. And especially his always being just get head to the next parliamentary recess eventually safe for a while, then she can make phone calls behind the scenes, and she was making phone calls all over the weekend. MP's, but frankly, she only managed to flip a handful of MP's thin coldest vote in December. I think tonight you've having all about records defeat. It was nineteen twenty four when hundred and sixty six the biggest infliction of seats on the labor government. I think Theresa May might surpass that site. And then we are once again in off put quarters she seems to. Session of belly believable strategic blunders over the past three years, for example, announcing two years ago, the Britain would leave the customs union and single market as if there had been a mandate for that in the referendum. And then finding that what she had just proposed was pretty much impossible without threatening peace in Northern Ireland Solis if she didn't think that through it is. And I mean or go to remember is that all of the political parties if you mentioned them as a rubik's cube. Will they've been entirely on out of think because within haradim party. There are these huge division their fault line in her coffee was your was European Union for about thirty or forty years that is not wide into a Kevin. But then on the labor side ARIS base leave and remained strong as passionately. Then you go all the other political parties who operate things different. Yes. And t what second referendum have been in their interest in easy breakfast news. So you. You have a totally warped. But it's picks it here in the UK and apartments, basically running around friends, keep the plate spinning keep everyone on side. He would try and do something to secure the backing of Brussels when it came to the EU when it came to the border, then that causes problems with heroin allies, the P shut to deal with because she lost the general election. That's not forget that minority government then she had to try to win over some of the labor MP's in breakfast seats, and she taught a couple of them, but not very many, then you have to try and please her own remains worried about the economy. She really has been a of a for monsters. They want. I would get this deal that she has gone, but it's not gonna be better than us and not for. She's tried to make 'em pays realize. I do wonder if the biggest mistake was perhaps overestimating the power of the right wing extremists and our own party people. Like Jay, Jacob Reese, mall, gun two self-styled European research group who were when it came to the crunch exposed as having being about as popular as a pork by vegan Buffy, they couldn't get anywhere near the forty signatures that they needed to to fool Salida ship contest when it came down to it. Do you? Why do you think she made that miscalculation? I think that an interesting one, I think you have could make it where the only because those people as was shown they were not prepare Hake over the rain. They didn't have the numbers today that they were gonna blow the from them and had pay here in the UK like the hop the express and the male who for the referenda. Adam campaign, and then the beginning of the negotiation or pushing that kind of rhetoric home they were calling people. They were really going enemies of the country. Those kind of headline about anyone that they thought was supposing trying to stall breakfast now versus those these additives have flip and in recent months, they have changed editorial line twice as MP. You've got the back this deal even this morning. The male front is time put your country first than the experts is don't do trust ever. So I think basically, the prime minister was worried that those newspapers what which are the most resonate case. They read in the UK were on the same track with E R G members. But with all the negotiations that has been recognition in the press, that least that that this kind of feel is the best thing for it. Because if not we head towards no deal, which some of these people also will be totally fine. Will they knew that the read it all going to be heavily impacted by it because the G group or people who have considerable? Passenger wealth. And you have a secure job is much worried about the real consequences of that would be. Thank you, Vincent. We'll come back to Terry in the studio Terry will, you know, we all terminate was Neville chamberlain's brother Allston came up about the phrase of living in an interesting age. We certainly all you buying all of the role. The hysterical lines. We've had coming onto these newspapers. The Vincent was talking about about the being a coup by John berko, Dominic grieve. And and members of parliament are only actually seeing Britain's parliamentary democracy Representative parliamentary democracy functioning exactly as intended. I'm not sure exactly is intended is always very hard with the the way the British system words to say, what anybody ever, however, anybody ever intended it to work, you know, it's all about precedent and tradition say for I think the really important thing here is that, you know, we have a government as Vincent has Riley just said doesn't have an effective majority. It had an agreement with the Northern Irish party, the DP, the although it holds in named isn't really holding in force. So you've got to be a minority government that count get through the legislation that it wants to get through. You have an opposition. That is also very divided and the question, then is well in that case, if none of these people can come on the view if people out to resume as being very very bad at reaching out to all the people across parliament sort of some of the moderate labour MP, she is not naturally. A big tent sort of a person the question, then is well, you know, who is going to try and find. A way through this. And it's not a coup for elected MP's after all accountable to their own constituents and to some of senior people in parliament to try to say, well, look, we can see what most of us don't want. Let's try and find a way that will get consent of the majority of people in parliament to find some kind of compromise that possibly works. And I think one of the possibly encouraging things that is coming out of this is parliament try and say, look, let's find a way through this is some of the sort of grownups in the room in a senior people with lots of parliamentary experience who, you know. Let's not forget voted for in a regular basis by their in constituencies trying to find something that's going to work for all of us as we've been saying decision day here in Britain had of the all important vote on the country's future relationship with the EU in a moment. We'll get the view from continental Europe first around up of the political drama of the past few weeks in June two thousand sixteen the British people will also plan. Piece to take a decision shoot. The United Kingdom remain a member of the European Union or shoot we leave. We will cable emotion of no commerce in the government at a time of art choosing. But it's going to be soon don't worry about leaving with new deal while I think is entirely survival for UK calling me we'd be problematic in the short term. But I think new Brexit. We create such a chasm between parliament, and the voters that it's consequences would be unknowable politicians, despite all the promises they've made on honoring the vote of the people what was the greatest democratic exercise in the history of our country. We will trauma spy Liam Fox start negotiating the deal with the EU would be easiest thing in the world. David Davis at coked up whenever any of us know, even criticized even streets, and is the process, we were called enemies of the people subletters traitors today's I'm worse. And then what happens we have to? Now talking about a no deal scenario where we will have on quoting Dominic, Robb. The Brexit secretary adequate food where we will have stockpiling food and medicine and where the army will be on standby to distribute food and medicine they didn't put on the side of the big red Boston day. Why are we sending ten billion pounds a year next to Brussels some of which is spent some of which is spent on planet. Biting we have ten billion pounds a year thirty four million pounds of featherbed, but he's going to be free. Molly, the we can spend on the NHS on schools, or whatever it is that you're not guaranteeing that that money as promised. We'll. Future. The portrays the hopes and dreams of all young people who overwhelmingly want to stay inside the European Union become during something that helps the help the country. I mean, like I said, I can see I can see that this country. I'm doing everything in my power to stop it. Deal brexit' that would cause turbulence for our economy create barriers to security cooperation and disrupt people's daily knives. All the risk of no, Brexit all. That's the domestic view. But some of us have definitely been roll baffled by the apparent lack of noise from continental Europe. Over Britain's decision to leave the Ube after all who and a fifty year personal relationship with at least without at least attempting measures like say reflection counseling third party intervention. The certainly been the ALDE appeal most recently a letter from one hundred EMMY as calling on Britain to hit the abort button on leaving. But largely it's been all quiet on the repeal in front. So does anyone care or they all Bob says well Stephanie bolts is the London correspondent for the German daily developed as Stephanie ton to fess up. Are you a Bob which is a board of Brexit? I think honestly, I shouldn't be because I should try to neutrally observe and report back to Germany, what is happening in the UK. But but on a series, also non another serious point. The the fact that Europe was rather quiet in the referendum campaign, and and also after 'words as because Europeans all European governments. And also in Brussels, the commission and other institutions have very aware that actually put become counter-productive if that tried to intervene in what is a completely British question. You can be distinctly rubbish promoting its own virtues though, saying this to the European Union busted Serbia originally Serbia wants to join the the doesn't spend very much time in Serbia saying exactly why it's great once thinks it's a Member States are great and white once new members to join it's it's pathetic. It's its own pay. All. Doesn't actually need to be much better. If you if you go to Brussels in I spent four years of my career in Brussels, you you will see that. There are hundreds of people working in communications. And in the press departments of the European Union trying to promote the European Union. I think the problem is that widely. You has done amazing work and amazing piece work and it has brought prosperity to Europe. It has brought democracy to countries that would have never seen democratic systems working on. I'm talking about eastern Europe after the Soviet Union collapsed. They are also very very big problems. And we saw especially in recent years with the crisis of the euro, the common currency also with the refugees. So it's it's it's a pretty difficult balance. Because people at the end of the day, they like Europe they like to work. But if they talk about the identity, I think most of them will always say, it's my country first. And then it's euro, so your reporting back to develop which of course, one of the biggest newspapers in your country is a great deal of appetite among your readers and also to consumers of other media that to hear about what's going on with Britain. Or are they have they checked out? No, they haven't actually they're still quite a lot of interest. I can see that whenever especially when I ride editorials. There are hundreds of comments online. It is a very. Well controversial issue in the beginning, actually after the referendum result in two thousand sixteen there were far more people among our readers and users who were actually supporting Brexit. Have in mind that there's a lot of euroscepticism in Germany as well. But as things have info unfolded, and the Brexit negotiations have been so Celtic, and so difficult more and more people are looking at Britain as an example of how you should not leave. The European Union strikes me when I talk to a you leaders, whether that's heads of government from individually you countries or fficials at the Commissioner. What have you is amiss goes prior to the vote on Britain, leaving the we've go back to say Croatia? Joining in two thousand thirteen at that time, the kind of people I was meeting people, I call built, for example, would be saying it's terribly important that we remember the EU at its haunt is a peace project, and I think people feel that much more on the on continental Europe than they do in Britain. We don't get that angle so much because we didn't join until the early seventies. I think in on the continent people understand that piece Ellum element of it's a lot more. I'm presumably that's felt still viscerally in Germany. Yeah. Very much. So I'm and I think this is one of the big differences that everybody had to learn between Britain and other European countries. And especially Germany that's different of history and the difference of cultures. So if you look at Britain, there's always this year ten sixty six we haven't been conquered since ten sixty six we have been always on the right side of history, we liberated Europe, and especially Germany while in Germany membership of the European Union is seen as a piece guarantee as a piece insurance being part of that club makes sure that the horrible history of Germany can never be repeated. Thank you. Stephanie Terry do think that the Member States could have done more because I was relate this back to family matters back to a divorce you wouldn't just walk away from fifty year relationship without fighting for it. Well, I think they had to start off you had stuff if respecting the the outcome of the vote, and I think we need it wasn't as if people didn't put a lot of effort into negotiations. Mustn't forget that what they're on today is if at six hundred page document, which has gone through every single aspect of Britain's relationship with the EU and how he won revel that. Now, the trouble is that Theresa May may now have to go back to Brussels and possibly say in a look I'm not able to have my homework in on time. Can you give me another another few months on this to try and get it through or she may have to ask for some changes to that document if in say on the issue of Northern Ireland because that's what's backbench MP's asking for. So I didn't think it was the Sunday people on the east. I didn't try to negotiate. The question is just trying to get anything that can win the confidence of the British parliament and be acceptable to the rest of Europe. So I think in a certain saying, please stay. Please change your mind. Don't think that would have been a that would work sort of reflecting. I would have thought more on what needs to change in the because the changes which need to be made. But Anita Muskie before we wrap up on this. What you think is going to happen next? Because of course, we have all sorts of ideas about amendments confidence votes. What's coming in from Theresa May as a response to the inevitable defeat on a suppose? Most importantly as Theresa May unflexible. I think what are we going to oversee we pricing in the defeat. I think we can assume that labor in fairly short order will try to have confidence vote. I think they are unlikely to win that I think the thing that's most likely at the moment. Looking at to resume statement yesterday. There are more and more people saying you're going to have to extend your homework deadline ask for a few more months at the very least to be able to handle in. Then what we will see is people trying to put forward all the different options. Whether that's a second referendum whether that. Is some kind of amendments. And she may well have to go back and say is there anything more? You can give me I think Brussels is likely to turn around safe. Serena. That's that's your lot. Thanks for joining us today. Terry that's Terry St. us here in studio majori house. We also heard from Stephanie bolts from developed and Vincent mcavennie from your news. Now, a look at what else is making the news today. Canadian drug smuggler has been sentenced to death in China. Robert Lloyd Schellenberg received the sentence following an appeal against his previous sentence of fifteen years in prison observers blinked the harsh penalty to an ongoing dispute between China and Canada relations have been frosty since Canadian authorities arrested Mang Juan Joe she financial officer Chinese telecoms giant Weiwei in December the Saudi Arabian teenager who took to social media to plead K spur asylum from Bangkok hotel room last week as a ride in Canada for half. Muhammed? Al Quran fled Saudi Arabia in fear for her life before barricading herself in a hotel room in Thailand, following a ruling from the United Nations High commission on refugees, she's been granted refugee status and in an interview with CBC. She said she looked forward to starting a new life in Canada, and with the United States government shutdown twenty four day US, President Donald Trump was forced to all. In the reception, welcoming the national college football champions, the president ordered over three hundred burgers as well as pizza and fries, if it's American I like it. He said when asked to name his favorite junk food. His culinary patriotism comes at a difficult time. Elsewhere, the president is facing harsh questions over his decision not to document any of his meetings with Vladimir Putin. This is the globalist will be back with more. Now when you find yourself forced to deny that you're a Russian agent, it is perhaps assigned the things going a little bit sideways. And if you happen to be the president of the United States than surely, you'll in very deep uncomfortably hot water, but this is Donald Trump and would prince would have had it. Former rules don't apply having said that it really doesn't look good. The Mr. Trump has been attempting to hide details of meetings with his Russian opposite number of Ademir Putin. We now know that the F B started investigating the US presidents ties to Moscow eighteen months ago is. I while opponent, Hillary Clinton might argue that she had has suspicions all along she highlighted the problematic relationship joined the twenty sixteen election campaign while Scott, Lucas is professor of international relations at the university of Birmingham, Scott at Trump and rage go together, he actually seems to feed off it. But is there any sense of situation could be different? This is different in two ways. One is at the personal level in one is at what is now, I think very serious political situation. Are you one of the most serious political insecurity situations that the US has faced in peacetime? Let me start with that revelations in the last few days have compounded the notion that Donald Trump may not only have welcomed the support of Lima Putin the Russian president as he moved from being candidate to being president. But the Trump actually whether wittingly or unwittingly was effectively working for the Russians from two thousand sixteen on specifically the FBI launched a counterintelligence investigation not a criminal investigation counterintelligence investigation against Trump. Just after he fired the FBI director James Comey in may two thousand seventeen to shut down the Trump Russia investigation and the F B I had consider. That investigation of Trump going back to two thousand sixteen in the campaign, for example, when Trump called on the Russians to hack Hillary Clinton's emails, then we had the revelation over the weekend that Donald Trump in his meetings with veteran Putin, including here's one on one meetings had seized the notes of the American interpreter told interpreter to tell no one what was happening which leaves us officials in the dark as to what exactly happened that compounded by or complemented by I should say, the the further revelations from the investigation special counsel, Robert Muller, really raises the prospect of whether Trump should actually be in the White House, but just to add the personal mature, it Trump is looking increasingly unstable, increasingly temperamental. He is a isolated in the White House according to sources, and according to himself he is tweeting throughout the day, quite often incoherent rambling statements, and there's a real question about this man's fitness to be president. I mean, we we call and see the wood. Kafka often with with Donald Trump. And this is the problem. We've had so much noise during the the as of his presidency, and of course, in the run-up to it as well, then it can be difficult to understand when something stunning out from that noise. It's like the want to cheat a lie detector test, you make sure that you spike on every answer. So that when you tell the lie people on see that it's aligned with this as you say, it's desperately serious situation. We've not faced anything like this before for US president is as far as I'm aware, and yet because of the constant outraged that surrounds, Donald Trump because of all of his outbursts because of the the atmosphere in the United States is the seriousness of this getting through to the American people. Well, first of all, I think before you talk about the fact that Trump now has lied on toll. Also, someone seven thousand -cations there's a bit of method of to the madness in that it was a tactic of the Trump campaign. And Trump himself to spread confusion to try to basically throw dust and everyone's eyes to cover up. What is happening? The reason why I think that is not going to work this time as I think Robert Morris, very close to to laying out the evidence that he has against Trump against Trump's advisers. How soon that'll happen? I'm not sure, but I think it may happen this spring, which explains why we've had the surgeon stories about Trump is linked with the Russians at that point. When Moeller files the report, then I think the question, then is no longer can Trump rely on his base can Trump Goto. This mythical thirty thirty five percent of people that will support him from Heller. I water I think you talking if evidences a series. I think it is that you're talking about an unprecedented. Question of who the president United States was serving and even trust most heart supporters. I think they're defensive him has sort of take us safe place to that. So how would that play out with who would take action? That point of when we get the mullahs report when we got the confirmation seeming, we do of Mr. Trump's not just an election of duty, but complete misdirection of it, then then what is the the process from them on in? There's there's two processes will take place initially that is of course, the more investigation hasn't moved to inclusion and then the hearing inside the Senate inside the congress because remember Democrats control the house of representatives for the first time during the Trump presidency. So they will be having hearings Indian tells committee, the judiciary committee, not just about Trump Russia's links, but also Trump's finances now at some point the question is whether that leads to impeach -ment the barrier to impeachment and conviction of Trump is that the Republicans still have a majority in the Senate and interparty two thirds vote. I think the more likely option rather than going all the way through that process that at some point. Even those close to Donald Trump will probably put the option him that. He may wish to resign now and spare himself further humiliation, and spare himself a possible prison sentence to be honest with Suzy finishes his first term question is if they call on Trump to resign, given the man's temperament Willie actually except the pistol loaded on the desk as it were. Or will he continue to dig in as heels when just living an interesting age in the United Kingdom, but also in the United States as well Scott Lucas from the university of Birmingham. Thank you for joining us. UBS as nine hundred investment analysts from over one hundred different countries over nine hundred of the shop is Moen's freshest thinkers in the world of finance today. No, one has more the one no small. Find out how we can help you contact us new Bs dot com. Says the globalist on monocle twenty four just turned seven thirty three in the morning here in London. I'm guy Delaunay, let's continue with a Russell through the newspapers. Joining me in the studio in Anderson, former political adviser and chairman of international communications agency, Cicero group of welcome to globalist in your morning. And we've got the financial times for starters. And I do like this after everything we've had on the program today tour eurosceptics threaten may with humiliation of Brexit, Dale. I dare I said the b word again, I said, I wouldn't. And I've done it now, but you know, a few questions spring to mind here Rian can she be anymore, humiliated? And if she is getting humiliated, will it be these eurosceptics who humiliating so the word unprecedented key happens again, and again, and again, this really is. I mean, I've never seen this in my lifetime watching Twitter on the way into talk to you today. We're going back to looking at Ramsey Donald's and government in the UK back in the ninth. Nineteen twenties. Now, this is genuinely unprecedented, and yeah, I mean, basically people are now talking about what the scale of the defeat is. Now, if you look at that financial times piece this morning there Ringe, and it's just completely ridiculous. Their ranges, everything from maybe forty fifty against the prime minister in terms of majority against up to over two hundred so Westminster watchers like me are something to say, we're actually if she gets this vote today a place where she loses by less than one hundred votes. She's an adventure position than where we might have been at the start of the this is completely mad. I've referred her already in the program today as unflushed -able. And this is the thing with Theresa May. Nobody else wants the job seems she seems to be so unkind to call her a useful yet. But she does seem to be serving particular purpose for everybody else who doesn't. Want to be in that job right now, a colleague who's just joined me the walls in dining street talks. A lot about something that we read a lots of bite, which is her sense of civic duty her sense of national Judy the fat she's gonna carrying the weight of the nation on her shoulders. I think in terms of the psychology of the woman that he's at some Lutely true. She has this and remember just before Christmas Torian piece Troy to stir and failed sushi's entirely safe as leader of the conservative party until December next year. They can't challenge for you. The question is whether or not after tonight, she decides to fall in her sword, she can't govern the country and shields Akon lead her own party at its it's not a good look to be Frank is at the other thing was strikes me talk about civic duty. But no reality check awhile ago on this one you're talking about all the numbers from y'all sort of. Side of things, but let's move onto to China. We were hearing in the newsra rap diary, Darrien the two Chinas sentenced a Canadian citizen, Robert Lloyd Schellenberg to death for drug smuggling seems to illustrate and this isn't the Neil times that appealing against a fifteen year sentence in China is a very bad idea. It looks like it. But it also I think the subtext of this is a tit for tat this is to some extent. The Chinese legal system is being used in a tit for tat move given. Walk Keleta has done recently with the. The Wally executive exactly right and daughter of the wall way funder she's currently on bail on a house arrest effectively in Canada as to whether or not the Canadians are going to extradite her to the United. I must admit I looked at y phones when I was about to get a new couple of months ago, and I didn't because I thought I'll have Chinese spyware. And who knows I mean, the Americans are very hot on this. They won't won't we near. And some they're written is doing likewise Hawaii has been taken off one of the list of British providers. Telecomms structure to each other today on wall we equipment. No, no. I don't think we all we know. Finally, if you will also looking at millions of Indians of this from BBC World. So it's a slightly controversial thing for a flip through the papers. But hey, we're going we're going broad brush and all media this morning. Millions of Indians beginning a holy dip today. Well, this is amazing. This is the Camilla festival it sort of takes place around the sangam, whereas the confluence of the Ganges the Amana and the Sarah star and hundred and twenty million people are sent together over the next fifty days as part of this festival there. One hundred twenty thousand toilets thirty thousand police how you actually bring everybody together any safe way, quite extraordinary. But I mean, it's one of the one of the amazing sights of the world, and it starts its today. Have you participated naught, but I a dip actually at some point fair enough. I think do after the program, but probably not safer. Quarter far away starter in thanks very much for joining gains in Anderson, and this is the globalist. The new edition of monocle magazine is out this week. It's fit lean and shop, and that means it's full of warp speed deliveries lightning-quick retail and everything you need to be on the bowl in twenty nineteen. But it's not all breathless action this time for reflection as well. Especially in our cosy corner feature. Monaco's Henry Shelvin reports on how the foreign correspondent Janine Giovanni, find sanctuary in churches. In December of nineteen Ninety-two. Janine Giovanni was traveling through the Balkan peninsula. Reporting on the internecine conflict that erupted that the previous year. Christmas Eve, she found herself in a church. His gave the Catholic soldiers came down from the front line and went to midnight mass to avoid the Serbs boming. She says it was held a secret location. It was one of the most moving things I've ever experienced to hear the Ave Maria and see the frontline soldiers going through comedian Giovanni has reported from dozens of all zones over three decades, and is now CD fellow and lecturer and human rights that Yale University. She recently moved to New York after fourteen years in Paris. I met at Saint Jean Baptiste Roman Catholic church a stone throw from her home on the upper east side Giovanni warm presence belies her uncompromising nature as a war reporter and a human rights activist. Raised within a church going Catholic family in New Jersey Giovanni stopped attending services when she left for university. But the rights of her parents religion have Adid and she crosses herself with holy water. From font as we leave say, John battiste. After that Christmas in Sarajevo churches once again became an important pause of Giovanni life. You always find one the matter where you are. She says there's something amazingly grounding and healing about being a church even during wartime amid to the horrors of conflict churches, have always been places of repose. She tells me that during the nineteen Ninety-four massacres in Rwanda, people hidden churches, seeking sanctuary from the genocide only to be murdered. In two thousand sixteen the country's Catholic church apologize for its role in the violence. Did you have own reporting has been formed by her experiences in churches during the reign if Saddam Hussein she spent time worshipping alongside Syrian Christians in Mozell who would praying to stop the US invasion of Iraq. Traditionally Christians in the Middle East side with dictators like Hussein who offer them protection, she says when the dictators full it often leaves them vulnerable in recent years, she spoke into Syrian Christians who support Al Assad for the same reason, New York's hectic pace has spawned a vast and sophisticated relaxation industry and industry that Giovanni is only too happy to ignore people spend thousands of dollars to go to spas and retreats. She tells me, but every corner of the church or temple or mosque where you can find the same thing. Very simply. Her. Attachment church is is less about religious observance and more about being able to always find a home, even a strange land. No matter how alone you all you go to church, and you feel that the other people are also looking for something. She tells me that quest is an is being a Cuesta my whole life. I have to thank Henry Reese Sheridan for those top tips, cutting down on spa fees by simply popping into a church. Instead the latest issue of monocle magazine is out on all good news stands this week. This is globalist. Global financial services firm with over one hundred fifty years of heritage built on the unique dedication of people. We bring fresh thinking and perspective to work, and we know that it takes a marriage of intelligence and haunt to create lasting value for Clinton's. It's about having the right ideas, of course. But also about having one of the most accomplish systems and unrivaled network of global experts. That's why at ABS we pride ourselves on thinking smarter to make a real difference. Junin weekly to the bulletin with UBS for all the latest insights and opinions from ups and experts from around the world. Welcome back to the globalist. It's seven forty five in the morning here in London, I'm guide along and it's time to talk business now with Ben Kuma from seven investment management. Welcome back to the program. Ben first of all, you know, what the big theme of the day as I know. This wasn't exactly what you had lined up to talk about. But the businesses presumably a going to be watching the vote in the house of Commons this evening like the proverbial hawks. And wondering if it's going to change that plans for the future because we've been having, you know, third of companies aplenty to change their headquarters from the UK all move significant numbers of staff away from the UK. What's what's the feelings about how vote might alter those plans? I think that's a fair point. That'd be watching with interest. I don't think anyone's expecting any kind of outcome that they can change even predict the future spending plans on you know, if there is to be an outcome from this evening today's unexpected it would be the. The deal. Mrs may has put forward and gets accepted, and it's not clear that that would even go through and be done by the end of March, so businesses all you don't think businesses any of us we any clearer by the end of end of the day on what exactly is going to happen. I think people are looking for in order to figure out how they how they approach the next couple of years is some clarity. And that's not what's on offer today. Do you think that businesses have been loud enough about the issues because it strikes me that even when when when the CBI issuing statements over the weekend surprise me how mild the comments were really, and they seem to have been from leaked emails a lot more vehement in private than they have been in public. The seems to be in fear of offending the fifty one point eight percent of people who voted for Britain to leave the European Union with calls without knowing what that would look like rather than actually stating the reality of the situation reason and logic seem to have taken a backseat to not. Ending people's feelings. That's one interpretation. I think there's probably some truth to it to be honest. If you're a consumer facing business, certainly you don't want to alienate Hof your market, which have a half is. Also, the fact, you know, lots of businesses particularly small businesses don't really have a good outlet to public opinion. They don't have access particularly to this story. Their viewpoint getting across on in the same way the politicians do. So I think it's quite hard for them to make their case other than to people like the CPI, and then the CBI puts a spin on it, or at least waters down the message because it's an average of all of its various consumers. So I think they've been a couple of people have stood up and said, you know, the the boss of Nissan, who's currently in jail said it would be a very bad idea oversee things have got slightly different for him in terms of perspective. No kidding. You know, I think I think businesses. They are uncertain when when businesses are on certain they tend not to make bold statements. Everyone is say just keeping the head below the power pan. Maybe there's a little bit of hope hope it will just get sorted, and they won't have to choose one side or the other of the fence. I'm talking about money factor is not Nissan Reynaud, but Fulton Volkswagen teaming up. This must be a mammoth alliance of talking about folding Volks fog in teaming up, it's a volt pickup trucks and electric vehicles. Exactly, right. It's been mentioned at the Detroit auto show by both CEO's of both companies. So it's not going to be you know, I it's it remains to be seen. Exactly, how close the the partnership the alliance will be but essentially four twenty two votes, right? Look how will make pickup trucks in the US with the biggest market for pickup. Trucks and Volkswagen have a lot of electric car technology. They're willing to share with Ford actually, make sense to be honest with you. There's a lot of big car companies. Getting very excited about electric car manufacturing and autonomous driving self driving vehicles. Why would everyone spend money on exactly the same bits of research when they could pull their resources? I it's actually a reasonably sensible thing to do if you assume that neither company's going boss. Neither company wants to run the other into the ground. They accept that. They're going to be around for a long time have a little bit of sharing because we've seen alliances between call manufacturers owned anything particular mean, we had captive imports and things for years where you'd have a warm model badge with a particular badge in one country and in a different country, but the different body fold Mazda with doing it for many years, for example. But it does seem unusual for the the two of this size to get together. Bill, I gone to know Toyotas, BMW together or something. Yeah. It's it's interesting. I think it shows you how real the threat is too common factors on both the Malk is that are available to them. And how worried excited nervous they are about. Electric cars, whether they are ahead of the curve or behind the curve. And you know, I think there's there's a lot to be said for for joining up with people who have slightly different ideas and have teams that may have already done the work. I think I think it's a sensible thing. I suspect we'll see a lot more of it. Now, the South China Morning post to Whipple solves around the world into Asia is I was scratching my head over this ban. Is this this proposal in Hebei's province in northern China for two and a half day weekend? And then I realized that they're not somehow warping Saturday and Sunday, but that proposing that workers take fraud afternoon off they owe. And you know, when is the Chinese state talking those proposals tend to have a little bit more weight than they might here. You know, you will be taking Friday afternoon often. There's no two ways about it. The aim is to increase consumption, partly offset, the impact of the trade war, partly to move China away from being a producing economy, quite a long way. Now already into a consumption one. The other point as well, as you know, there are lots of Chinese workers earth, essentially, subsidized by the state into inefficient industries, actually, if the state continues to pay them the same amount, they have an extra half day to go out and spend it could create a bit of a positive boost it shows, you just how worried China and the Chinese authorities all about the current economic slowdown that they are considering things like this. You know is a little bit of an exceptional policy. I wouldn't surprise me. Sit rolled out across more of the provinces. They tend to do that choose one test out the policy and then rolled out wider. Just don't tell them Macron he thinks everybody should be working longer. Absolutely. Right. Thanks for joining his band. That's been Kuma from seven asset management you with the globalist on monocle twenty four. It is fifty two minutes past the hour. Wherever you are. Now, the US newspaper industry has been declining at an alarming rate thirty thousand jobs have been lost over the past decade, and countless well, no names of disappeared from the newsstands. And the maybe worst come gannet is the industry's biggest player. It's the owner of USA today and a massive network of local papers around the country. But now it's the talkative takeover bid from the rival group. M N G, which is also known as digital. First media, Ammon, nj is owned by a hedge fund, and it's become notorious for drastic staff cuts and newspaper closures and now it's offering more than a billion dollars for Gannett and stirring fairs that local newspapers could take another massive hit. We'll George Brock is a professor of journalism here at City University in London is this a big threat, George to the diversity of the news gathering industry in the United St.. States almost certainly it is, but it's the culmination of a very long trajectory of done in printed newspapers in in America. So the underlying cool. You know, it shouldn't surprise anybody. But that decline is now exceleron thing is the shift from print to online has been happening for some time. The Washington Post ran a column which was fervently opposed to the takeover. Punt pointing out the demand is owned by a hedge fund, which has a deserved reputation harassers, stripping and just pointing out the the real life consequences of some of this. When the report from one of the Kentucky local newspapers was let go from his Washington bureau will they close the Washington bureau of this particular paper, suddenly the expertise on the maneuverings of Mitch McConnell in very influential Senator will less well-known. It's it's it's gotten impact on democracy in the United States. If you you're losing local papers and bureau fully newspapers. Well, it's not just happening in the United States either. I mean, the what we describe what you're describing. And we're talking about is is is happening in many countries, including Britain. But it is worse. In America in in some ways because these pipelines have taken been replaced so much my online online competitors often. It's been very difficult in the pipes have been very slow often to develop their that online and the digital digital properties. But you'll quite right. I mean, they're all communities all across the developed world which on now without proper reporting of what is going on in that local councils, local businesses and thing important, but it won't be rescued for people propping up printed newspapers. That's that's the basic problem square the circle. So we look at the one example of Washington Post brought up was that there was one city metro newspaper which had six hundred journalists. It's now got sixty six so that's decimation. It's the other way round the one tenth who survived. What sort of consequences? Are you seeing when not just in the US, but any sort of local newspapers when you're newsroom shrinks dramatically. Well in a community where that were styles to happen. It's the acid there are more assets strippers than the raw Jeff Bezos who own the Washington Post and generously put in long term money and so on its own. So if you have if you live in a committee of the newspaper web, the reporting staff is being decimated, and they're just as you say stripping the asset. Well, usually something happens it won't be as powerful effective is established newspaper. But usually somebody starts something. Even if it's only a Facebook group saying why don't we will contribute to pool on about this that we it's very important that people don't confuse as it were. Vital democratic information just with what newspapers did newspaper. Did it very well there was a century during which will went really, well, they made lots of money they were very effective and helpful in generally good on lodge. But other things do grow up people do start guerrilla operations to cover news and soul. Now, the great difficulty is that nobody has yet discovered in particular local journalism a proper business model, but the innovations that off things start local sometimes kicked crowdsourcing works on occasionally billionaire comes along. The problem is one business model fails, a new business model doesn't come along like a bustle and shedule to replace it. Immediately City University of closest best respected journalism faculties in the World War to you advising the young would be journalists were coming under your care. I tend to say to them. They they shouldn't do is be fixated by getting implied by big well established businesses particularly which rely heavily on print. They can often look like the most solid the most glamorous places to work, but get used to a bumpy ride where you may work for a startup it may not succeed you may have to go and work for another. But look for places whether are really there is strategic investment going on even if it's not huge in the long-term people who actually care about doing something over the long term not easy to do. It's not easy even to find these places, but often their experience will be richer in the long run. I think even those of us who have been doing this job for a while George could do with us, some advice obeys interesting times. It's been a theme of the program today. We're living in an interesting age set me one for the media both here. And of course in the US where gannet is the target of a takeover bid. George Brock from City University. Thank you very much. For joining us. And that's all for today's program. I hope you enjoy all long debate on the EU vote. That's coming up in the house of Commons this evening. Thanks to all produces Ben Ryland, and August and much alario who set it all I made it happen alongside researches page Reynolds. And Nick and my niece, and I'll studio manager who made it all Sam beautiful Kenya. Scarlet after the headlines. There's more musical in the way the briefing is live at midday in London and the globalist returns at the same time tomorrow, I'm guy Delaunay, and I thank you very much, but union.

Coming up next