20 Burst results for "Eskom"
California moves up primary, wants bigger impact 2020 vote
"So California wanted to be more relevant in the democratic nominating committee process and they've moved their primary up right so now we're gonna be voting on Tuesday on super Tuesday for the first time instead of in June what sort of impact is gonna have on the racetrack let's start with you well I think a lot of people are just thrilled to California's if relevant this year more so than if we had our primary in June which is where used to be you know that the nomination is still up for grabs in California has four hundred fifteen delegates up for grabs in particular that's that's gonna have a big impact the problem with California's it's so expensive you know to campaign here and so we've seen the candidates come here raise money but not too many of them have really been here campaigning except for like very recently and so they're they're spending time in Texas and other places where there can they can be on television for less money no and I think another reason was moved up is perhaps to help California candidates like Kamala Harris and perhaps Eric Swalwell they dropped out and so you have to say that you know in in I think if Eskom Herskovitz help make California more relevant she would say no and there are a couple pulls out this week that show that Bernie Sanders certainly has the lead among likely democratic voters here in California it can anyone take that away from him or is it just has to win at this time I mean look after twenty sixteen we don't make predictions on an X. ray I think that it would be very surprising if anyone were to beat Bernie Sanders however as you said it was with Warren is in second and not change research KQED poll she certainly stands if those numbers are right to pick up some delegates which could help her momentum a lot of people who have gotten their vote by mail ballot sixteen million were sent out or holding on to them way later than they have in years past including if you look at people who analyze this like Paul Mitchell says that that includes people who are very consistent voters so it's not as if it's just like people about their ballots and maybe they're not gonna turn them and it does seem like they've been waiting to see these debates to seem about it to see South Carolina so I do think that Joe Biden you know what happens in South Carolina could really help him stay in this race I think if you're Bernie Sanders or Elizabeth Warren or Joe Biden you might hope that the other candidates are cold and it comes at a two or three way race after super Tuesday but there's still a lot up in the air at this point the big question too is can't other how many other candidates are gonna hit that fifteen percent threshold because in order to get any delegates in a congressional district or statewide you have to get fifteen percent so the more that Bernie Sanders gets the less of the pie there is for the other candidates to divide up so you could have a situation where Bernie Sanders if he reaches forty five fifty percent of the vote no one else reaches fifteen percent that would be a huge win for him but I mean everything because it is absolutely right in terms of how hard it is to campaign her expensive it is but let's be clear it's February you know Mar almost March third there months ago well but also like if if this is the primary was happening in June in California this nomination be locked up so we are relevant we do matter we just don't get the same attention they get in Iowa New Hampshire South Carolina because there's four forty million of it all the more relevant because were earlier absolutely and I think that you know you're seeing in terms of both the attention we're getting from the candidates but also just from the national media for once let's turn a little bit and talk about property can you tell me a little bit about what this will do and what's significant about research yes this is a measure that's kind of been talked about for a long time in San Francisco it would essentially penalize folks who own properties that keep about street level vacant storefronts are talking about commercial properties and this is really been a problem in neighborhoods including North Beach are are we are other commercial corridors it's interesting because this is one of those things that I think you know some property owners aren't too happy about the ideas you get taxed if you leave it vacant if you fill it you're okay you don't have that tax the money that would be raised would go to small businesses you know people against it say why are you making it even harder retails already suffering but I think what's interesting is you look at who's lined up on in support of it and the town that doesn't agree on much the mayor is on board the more progressive supervisors us poorer the chronicle endorsed it it's less controversial than I would have expected and is this Scott because of the flight that we're seeing with I think so and you know I just friends just anecdotally when I talk to people who have been in that place for many many many years harvest market on on Market Street for example they were there thirty years and the rent got doubled and that's storefront is still vacant it was over a year and a half ago and so what happens is you get homeless people you get blight it's better to send a looks bad this less inviting to people want to go shop on that blocker in that neighborhood and so you know I think that there's just a concern that it's it's are these languages being greedy waiting for a big chain store to command or a bank or something like that who can afford these top dollar rents and what's even in that that's the case let's make him pay something for you know for that sort of work it out it's a small business and enterprise yeah right right so we do have South Carolina coming up and so talking about South Carolina Joe Biden certainly has to win in this state from everything he said really do you think there's any chart for him if he does not win South Carolina can he move forward he really needs to do well I mean he has said very categorically I'm going to win South Carolina and you know he needs that moment it's a first of all he's been staking problems chips on South Carolina show the African American vote is going to be really a firewall for him and then going into super Tuesday that would give momentum to some of the other states like Alabama Tennessee Texas you know where they're more African American voters and I you know if he comes in second or just barely wins in South Carolina just be more consternation and anxiety among the democratic insiders like but I think maybe some pressure for him to get out but that's gonna it's gonna be a tough call but if he does really well it could sling shot him into super Tuesday that really well means winning it doesn't seem coming in one close by a double digit margin I think that that is the key here he has to not only win but win big and he has to really show that he has that support from the African American community and I think other communities as well because we know this year that communities of color women of color in particular are going to be key if Democrats really want to be a take on trump and beat him in November and has Joe Biden been able to solidify any of those groups with the when the women of color around him well I think if you look at the polls he's doing exceptionally well among African American voters but interestingly California billionaire Tom Steyer's actually cut into that margin he's been running a lot as we talk about triage he has really put his chips on South Carolina as well I'm I think that does raise questions and I think the splitting of the vote amongst the more centrist candidates is really making it hard for some voters to make that call do they go with Bloomberg with his deep pockets so they go with you know Joe Biden who they know it's certainly some younger African Americans in South Carolina really likes tire yeah I think there's a big generational divides Marie's this point you know a lot of older African Americans really like Joe Biden was younger ones are like more open to Bernie Sanders Tom's tire one of the younger candidates a few words before we go corona virus suddenly putting health care front center well I don't think it's gonna scare people from voting but it you know we see what's happening with the Dow and if the stock market tanks further in the economy begins to really have a hard time even that takes away one of the pillars of Donald trump's argument for being reelected and that's where it could have an impact we just don't know where is where it's going and where it's going to be come the fall Scott Schaefer and Marie's Lagos thank you so much for being
"eskom" Discussed on Mixergy
"South Africa would largely South African customers of each the one exception that stands out for me is convertible eighties company personal personally. That's what it is because it doesn't seem to fit this model. You just a few dollars into it or I don't know how not much you thousand times. It's like fifty thousand dollars zero dollars and his goal was to go all over the world. He was building a big software. Yeah that's that's a typical angel. Investment parading got it but the other it's like. Is it only South African meal kit only in South Africa. What are you guys doing differently? Date from Blue Apron companies when they're not doing well. Yeah I think it's it's it's again you need to find a differentiator for consumers so in that case food is already very well covered by an retailer like worse word check as picking pay but the fundamental question of what's for dinner is one that creeps up feminity relationship so similar to blue apron trying to solve this problem. But you saw that in the South African way right right so you find. Some African chefs that invoke on trend and create recipes that are water related. Electricity debated Eskom's again. It was usual prizes. You try to be sustainable in terms of how you pay your staff we source from You try to see Mutya delivery for what it is. It's an incredibly strong customer. Acquisition Channel but the longevity on the product is not forever because people will cancel because life circumstances. Change ride trouble lot. This product doesn't work. You have kids kids that have seen the menu selection of this product. One work so you have unforeseeable plans for the next week travel. Whatever get get sick? This is a tablet product because often the fridge and as all these days have any bag. Said you haven't eaten relatively better throw them away so you need to check to see it for what it is incredible credible novel idea. It's great to build brand but then to have non jeopardy you need to add different products and different channels so in that that case you can go ready mill. You can go for frozen. You can go offline retail you can you can you so so in way to increase your your town. It doesn't need to do you cook. Nigeria it can do you cook frozen recuperating recuperating mealy can do you cook offline retail you can go into different channels and into different delivery options. It's not necessarily a meal kit with all the ingredients being sent to. You can chop it up and put it together. WE'RE GONNA make cooking at home easier if it means frozen because you're heating not technically.
"eskom" Discussed on Bloomberg Radio New York
"Each week we'll be taking a look at some of the key markets and in terms of the stories across the continent so let's get to John is back we got a south African deputy bureau chief it is I'm all in Boston she joins is not I'm a great to see is a south Africa's national treasury house ways bond issues to rack court not participate in the bailout for the include utility ascom it's almost like a I serve a noose around the neck isn't it how did the old Shingo well unfortunately the mon for the bond auction was quite lack last in the course this is not really bolding while for that because I had to raise barring to bail out ailing state owned companies of course the biggest of which is that power utility Eskom and this of course was really not a great results given that the yield on awful among the highest among imagine markets and of course this really indicates that investors might be concerned that the current deal does not accurately reflect the potential risk but bond holders of course part of that risk of being a possible credit rating outlook all right down right down great Madison I have been talking about the trade tensions between US and China all throughout the show so of course we have to ask you about the impact of those on the south African rand that touched I think fifteen per dollar for the first time since June what are some of the factors in addition to trade that are currently.
South Africa graft inquiry exposes ANC divisions
"Today. We're looking at South Africa and its battle against corruption which took a dramatic turn this week with former president Jacob Zuma a cool to testify before commission of inquiry joining me on the line from Johannesburg is correspondent jobs of cultural and here in the studio Africa editor David Pilling David Festival. Could you give us the background. This inquiry is into this idea of state capture. The role of some businessmen called Gupta's. How's it come to this will for a long time? There's been this notion of state capture which is really South African phrase or it's become a kind of Motif in South Africa really a term that denotes mass corruption the hollowing out of some some of South Africa's most important institutions in the idea that they've been kind of sold to the highest bidder including the family mentioned the Gupta's who are very close to Jacob Zuma when he was president this in the sense of the moment that everyone's been waiting for this has been ongoing testimony from from various people who are involved her accused or who have evidence but this is really the man who is said to be at the sense of the Fulcrum the man who innocence is alleged to have sold the presidency and really sent South Africa which was already having many difficulties really kind of sense it on a very difficult path of low growth corruption loss of faith in the A._N._C.. An government and therefore a lot hangs on this inquiry doesn't it I mean it's not just just about making sure that justice was dumb to some extent the hopes of President Obama poser to correct the course of South Africa to some extent today hang on this inquiry working out to some extent. Yes I mean I think there are two things I mean one. Is this idea that the people who were involved should be punished. Jacob Zuma has been doging what some people would say as justice what he would say as persecution for moving a decade those who think that Zimmer is guilty those who think that he is at the center of something that is corroded the whole South African dream think that unless he somehow punished then we won't be able to move on then there's also cost the kind of evidence that is presented the evidence that is needed to root out corruption from within the A._N._C. and it goes very deep according to most accounts and evidence. That's really needed for Sir. I'm opposed to get a grip on the party and turn it in the direction that he has claimed he wants to turn it into in his electioneering so Joseph this week the commissioner of inquiry weaker very important state with presence Zuma Call to testify how did that go started with classic Jacob Zuma Very Rivera performance as he opened his testimony and gave his side of the story and he said free. Anything's Fussy his enemies in the African National Congress auspice they are saying all of these things about the <unk> because foreign spy agencies which he didn't name but were to be the C._I._A.. Enough is instructed students <unk> and finish off. He said people trying to kill him. People have sent suicide bombers <unk> after him people trying to poison him so it's very dramatic but since then and the days the photoed he's deflated a bit as we've got into the nuts and bolts of enquiries questioning the inquiry has put to him specific allegations civilisation exits. You told them to lie about the Gupta's Minister Zet made this claim and immune response has been. I don't know I can't remember right and this conspiratorial stuff that he's used. Is there a ready audience written South Africa. Do you think many people will be listening to him and does he still have a financial support quarter. Can maybe prevent him being brought down bonus outside Africa and in most of the population. This does sound absolutely match. He's going back to allegations that date from the nineteen ninety s that the A._n._C. was infiltrated by foreign spies. Zoom himself was a former spy master in the A._N._C.. He claims to have lists of enemies. Were spies. It does sound like it comes from <unk> but there is an audience in G._N._C.. It's not big but it is exists. People do believe there is outside interference in South African and A._N._C. Politics and by that narrative that this position imposed by external forces Suma has not named but in terms of picking away at the credibility of inquiry picking away at the credibility of Roma pauses cleanup effort it works to create that kind of disinformation and David would there are people think within the N._C.. Whose face the tied up with Jacob Zuma so they're not necessarily people who believe in him? I'm sure there are in the wider population especially in KwaZulu Natal but within the A._N._C. There are people who depend on Zuma's version of events prevailing because otherwise otherwise the next nothing. That's quite important because you've got this fight within the A._N._C. and remember Ramaphosa only just won the presidency so you have this fight between these different elements and they've not been able to root out by any means all the the people who were pretty much involved in state capture. Some of them still hold high office if you look at the A._N._C. Network throughout the provinces of South Africa the kind of riddled with people who somehow benefited from a lot of what was going on and so there's a lot of steak and they're able to fight back to some extent on them. They've been able to chuck allegations the Finance Minister Probably Gordon and so on well. That's exactly right. I mean you have this kind of war of words and his war of parallel realities. It's important to note that there is very clear documentation mutation the backs up a lot of these allegations even though some of the investigative services were themselves compromise for example the protects the general to Lee Metal Seller came out with a report with names dates places the Financial Times itself reported reported a story where the then finance minister was offered a bag of money to take over the finance ministry and do various things that would have been off benefit to people connected to this sort of state capture network so I mean there's quite a few smoking guns there. But there's also the possibility especially I think in the world that we live in today of a counterfactual narrative that can be built up and if people arrested in that narrative than it's easy to believe it if their fortunes if their jobs depend on it then of course they'll believe John Beckett right and Joseph how is in broader terms the Ramaphosa effort to write South Africa to put it back on the right track. How's it going eighteen months ago? I think people would have been talking about remote Pouria about this sense that just a mere fact of having someone else in the presidency would unleash foreign investment and bring back South African companies to invest her as well that is not going well the economy's gutting with recession and they're very bad numbers at the beginning of this year. It's GonNa take a long time just because of the extent of the role just to take one example Eskan depowered monopoly which generates navy one of the country's electricity has just been for band patch of quite severe blackouts which obviously done the economy no favours as Davis had that is a smoking gun. One of the biggest intensive corruption under Zuma's rule but Ramaphosa team has been very very slow hello to restructure and s gone back honor bell fitting so that sense of urgency that was there a year and a half ago or Zuma was removed from power than dissipating and is that because the President Ramaphosa of the obstacles faces are larger than he imagined I mean how bad was the situation. He inherited actually we can go back to something. A former minister said at the inquiry about state capture itself which is don't over zoom denies denies it during make it all about Jacob Zuma. This was a much bigger network. The one president that are much more alleged perpetrators than the Gupta's so to route that out of the A._N._C. will be a bigot. It doesn't involve solve the tax collection agency the National Prosecutor even the public protect to David mentions had four against Corruption Zuma Bat has allegedly been captured by the quote unquote fightback so so it's not like things going on one way towards reform. It's a real conducting institutional fight so yes. It's not what about Jacob Zuma legacy so let's just finish by looking at the future both of the A._N._C. itself twelve and of South Africa. David background is that it's known about a battle within the end see the N._C.. The Positive Liberation the Party of Mandela has been losing popularity in their arrivals. Do you think this is an away a last chance for the Nancy and if they fail walk replaces them I think in says it is a less chance I mean you've seen its popularity slide. I think they won't fifty seven percent in this election fifty seven fifty eight and it would have been much lower had not been for the remedy fauria affect that Joseph referred to there is disillusion in the A._n._C. as a kind of typical liberation party which of course it never was seen as it was seen as this great transformer of the Rainbow Nation but it's unfortunately in many people's is gone on the way of other post-independence liberation movements got a monopoly on power and therefore abused its power. The one thing you're saying is that the South African economy which had been growing before Jacob Zuma five and six percents a year at least giving. Some room to do some of the social changes that the A._N._C. has promised to do an is the legacy of apartheid that does need to be addressed but with no growth with recession. There's just nothing to play with and in the end I think unless unless the A._N._C. can sought out its internal divisions standouts corruption at least to a certain extent and get the economy moving again then we will proceed at one pacer another in one direction that will be that the A._N._C.'s majority will old slipped below fifty percents. We'll move into coalition government. I didn't think we'RE GONNA lose the A._N._C. and power for quite a long time but you can see the A._N._C.'s total monopoly on power fading and in some people's eyes that would be no bad thing but some of the political forces I mean there are liberal democratic forces but they're also more left wing nationalist forces led by me and someone who might profit they're both you know there's a party to the right of the A._N._C. which believes in much more free market liberal economy of vessel but might be recognizable say in Europe but there's also a policy that basically says that the Liberation Movement in one thousand nine hundred four has been betrayed that is rallying around questions like nationalization of land or expropriation of land or that compensation because the the truth of South Africa the big truth that's looking behind all of this is that the disparity of income between the largely white population but with now black middle classes prospered on the one side and then a great divide with the rest of the black population that has really been left behind in his almost as far behind as it was under apartheid. That's the background and that's the social pressure that is behind a lot of this in which the A._N._C. in internal struggles in its moral corrosion is really unable to address and Joseph to finish the time I was in South Africa one did hear this phrase state capture but also some people muttering about state failure the sense that if this couldn't be turn round South Africa was really quite serious trouble and it statuses is the most advanced economy in Africa was under threat as we speak the army has been deployed in South Africa's Western Cape Aware Capetown is because of crime being so bad in townships around South Africa's second city not so as indicates for failure buses capture. I think that's a fad point to make state. Capture focused on major state companies focused on the Finance Ministry the very top of the state intensive allegedly the diverting resources to people Gupta's but from below rivers issues Davis has just been talking about basic service to the water at Trinity. I mentioned Eskom. Thurs indicates is old flagging as well. I I mean look at the end of the day of roughly infrastructure is miles edge of many countries on the continent on remains sir but this sense of urgency that was eighteen months ago about undoing nor anything capture but also bringing economic stagnation to an end Indorama poser that message has lost a bit amid the continued inflicting in the A._N._C. so that risk of failure stood
"eskom" Discussed on WNYC 93.9 FM
"A view from Zimbabwe as well in a few moments once we can establish the line I'd say events in Mozambique having effect on South Africa as well. Because the hydro electric system in Mozambique has suffered extensive damage in the cyclone, and it supplies quite a lot of 'electricity to South Africa, South Africa costs in dreadful trouble. Or at least Eskom is the state utility power generator more power cuts this week because capacity shortages getting worse because of events in Mozambique bad news for the president who's made it a signal promised to clear up the troubles Eskom, bad news for business news, of course, for South African consumers we've been finding out a little bit more about what the impact is from journalist Antoinette slut who writes for the rep newspaper. Acecomm cheat on Sunday that enfolds from the cold. Hydro electric scheme from Nigeria. Bye. And that that pushed at some stage two stage four no cheating. Just explain. A stretch deeming official bigger what stage four means four thousand. It means we doubled the number of individuals. I mean, this has been going on for a very long time. There isn't any way the South Africans to take this as an excuse for the power for the load, shedding other. Well, it's eighty. Could not at all it basic. You know, it's not an either our Allen all that the judge will whatever you do during the day of the operation. Well on the short sample if you travel. Lights are not working. They are. Pointsman dudes out. Bobby traffic, so tragic doubles triple the Trump crisis. Some found the water system because of the many, otherwise fix it. A thought from the fifty shocked that we either you all you all without our economy English after. And let me just ask the situation as as as far as Eskom making this better they've been in trouble for years, but they've been investing a lot of money in new power stations has that made any difference yet. Unfortunately, not. Pounds building coal-fired power stations that oh why over and they all like as well. But that unit. Been commissioned on exemption entropy. She sits on something went wrong, the construction and some of the unit up even delivering sixty percent of the. So you can triple the time. So you know, we should have been I go to from side to be on. I have about forty six thousand megawatt optimization power to feed into the such thing. Fifty thousand and we all not skirting. We are saying. The American beak. Leap to these problems schmo. Contributing might Easter cold feet does not the full magic. And everybody suffers Antoinette's it for the report newspaper. You're listening to Newsday on the BBC World Service twenty minutes to eight here in London. Let's speak to the new Commonwealth young person of the year. Also from Lagos won the award for the work. She's done to help victims of sexual and domestic abuse. She's been a victim of sexual violence herself. And set up the stand to end rape initiative, and she joins us now. Congratulations to this on this question. What does it mean to you? Thank you very much. The means a lot to me because it says that the Commonwealth is very passionate about sexual and domestic violence, and the standard survivors, and yes, they know violence against women and girls, so it's very encouraging for myself on my team, the laughing Watkins this issue for the past five years. So. The work itself. Cannot be easy because on one hand. Of course, there's a personal connection. Like, I was saying in the intro that you yourself are a survivor of sexual violence. But also the fact that this is such a difficult subject to tackle as well in Nigeria. Tell us about your work. Yes. So our work started in twenty thirteen just as an online platform to break the silence on sexual violence on call chat, Nigeria and in twenty fourteen became an organization engaging in policy advocacy, community changes prevention and working with survivors themselves the need for support for different areas. What can with Kaufman trainees healthcare sectors? Response sexual violence cases and identify Mesic violence. They were saying the nanjiani police force to chat cases to court then most important parts of it is working with the community. Because of the each has happened will exactly an also I mean, the the three aspects that you mentioned there are also the three challenges because their their main issues in addressing in Nigeria helping victims of sexual and domestic violence and one big aspect. Of course is the issue of society of the community. And this is why women normally or victims of sexual and domestic violence fear coming forward and also how they're going to treat it by the Justice system by the police. Yes. I mean, those are the main challenges so we created programs to address as difficulty is. So now, we have more trained hospital personnel. I tend to this case as we have more police officers on what to on what nuts and say to survivors of gender-based violence. And also, we have a community that is more receptive and supporter is still a bit difficult by the work. That is continuous. We are happy to do it. And in in terms of of coming forward. And you say things are better. What do you think are still the main challenges for victims coming forward, for example, they'll come to you and your organization, and they know that someone will listen, they know that someone would believe and help them. But making that step is one thing coming out and addressing it publicly in going to the police is another. Yes. So what we do is in most cases, we have ups you accompany survivors stations. To make your report. So we are that with them through the process challenges for the survivors would be for example, does we get pregnant as a result of rape and the pregnancy as you know, land your has. Aloi guest. Boston abortion is illegal in Nigeria. So the survivors I wanna fix. Having to do on safe abortion or. You have to carry the pregnancy for degree, right? So it's a very tough thing for them. And that's just one aspect another aspect of legal system because sometimes kissed can take up to three years in the court of law, and no survivor has done what energy to keep going to court. So what we last with the persecute testing reduce number of times. Survival has appear in court. So yes, lemon challenges while all working on them. Absolutely. And it's recognition for very difficult. Congratulations again. Election as be there. Coming up to a quarter to the hour. Matthew Kenyans here with the sport? Lawrence international football, taking center stage this week, of course with the highlight being the final round of qualifies for this year's Africa Cup of nations loads. More build up through the week Sportsworld on the BBC here at the weekend will be coming from Cameroon who should have been the host of the Nations Cup two thousand nine hundred. And of course, instead have to get a draw against Comoros to make sure of a place in the finals, the 2017, seventeen champions. We're using qualifying is free preparation until they lost the right to stage the tournament. Now, they have a job to do in the final. Preliminary round. One of the problems has been goals. Save any scored free in five qualifying matches. So far Clarence Sadove is the Indomitable Lions coach. Scoring goals. Come and go with dimes important thing is that you continue to create Jensen. I think that that's something. We have done in all the matches scoring goals. Of course, Jon strikers to create a team effort continued to produce the chances that we produce every match our goals would definitely you come on. Fortunately. The strike at the moment is not available. But this for need to work with the guys we have all these strikers have capability to score. Cameroon have to qualify. Egypt. Of course. Now don't have to qualify as hosts of the tournament at the Football Association next.
"eskom" Discussed on PRI's The World
"I think is that conflict, which is the root of the failure of his trade policies. Trump's tax cuts have forced us to borrow more, which drives up the cost of the dollar a stronger dollar means imports from China cheaper. And our exports become more expensive, which makes it harder for US manufacturers to compete with foreign factories and therefore harder for the US to narrow. The trade deficit, but wait a sec. Trump has a plan tariffs against steel, washing machine, solar panels and thousands of goods coming from China to drive manufacturing back to the US. If only economics were that simple, economists, Katie Russ at the university of California Davis says the tariffs are creating global economic uncertainty. And so when there's uncertainty and people are start worrying about local growth, the dollar is a safe haven more demand for dollars pushes up the dollar's value, even more which again makes US exports less attractive. Here's how the dollar has measured against the Chinese renminbi. Since march. You want to pitch to be getting lower. If your goal is to boost exports to China, but that's not what's happening. What could the president do to reverse? This Joseph Gagnoa is what the Peterson institute for international economics. Oh, this a lot in could do to move the dollar down. If he wanted to I've been little puzzled as to why he and his team have ignored that again decreasing. The dollar's value would make US exports more attractive, if he wanted to do more he could intervene in foreign exchange markets, lots of other countries do and we basically the Federal Reserve could step into weaken, the dollar Trump could also tax foreign investment to discourage overseas investors from driving up the value of the dollar. There's other tools in that toolbox handy for lowering the trade deficit, which is basically the opposite of what he's been doing instead of. So that's one part of the story. Here's the other part. What is this matter? Why is President Trump so focused on bilateral trade deficits, again, economists, Katie Russ from an economist point of view, there's no reason to think that bilateral trade deficit is necessarily. A problem. Global trade is like going to the mall for each country is a store. Columbia's got good coffee. Japan has cool TV's? So we buy those things the US has a store at the mall to right now, we buy more stuff than we sell to Trump, China Europe, Mexico Canada. They're all ripping us off economists see differently. It basically means that you are consuming more goods than you're producing. That's it and for a wealthy country. Like, the US trade deficit can actually be a sign of strength. We have the money to buy a lot of foreign goods. Now, there are certainly trade problems to address with China like forcing American companies to share their technology in order to locate factories there China has also built up its industries like steel with state subsidies, which can distort global markets and make it impossible for other countries to compete, but looking or listening to a bilateral trade deficit as a one note scoreboard. A simple way to see who's winning and who's losing well international economics. It's a lot more complicated than that. For the world. I'm Jason Margolis. Wanna hear more of what our trade deficit with China? Sounds like we've got full sun advocation at the world dot org. South Africa has one of the biggest economies in Africa. But it's facing a major power crisis electric power is the problem. South Africa's state utility Eskom has a near monopoly over the power industry. But it's been a financial disaster. Not just for the company at self before the national economy, mismanagement and corruption are widely seen as the root cause but how to straighten out the company is a matter of public debate today. South Africa's finance minister announced his plan for a bail out of the Attila. Outside twenty three below Rhonda yet to financially support Eskom joining is reconfiguration. Some tepid reaction there. But also some applause for finance Minister Tito, Mboweni twenty three billion South African rand by the way is about five billion US dollars. That'll be paid over three years to Eskom. But MBNA wanted to point out that the deal is not a blank check..
South Africa unveils $5 billion bailout of state power group Eskom
"South Africa has one of the biggest economies in Africa. But it's facing a major power crisis electric power is the problem. South Africa's state owned utility Eskom has a near monopoly over the power industry. But it's been a financial disaster. Not just for the company itself. But for the national economy mismanagement and corruption are widely seen as the root cause but how to straighten out the company is a matter of public debate today. South Africa's finance minister announced his plan for a bailout of the utility setting outside Twenty-three below Rhonda. Violation is support Eskom. Jody is reconfiguration. Some tepid reaction there. But also some applause for finance Minister Tito, Mboweni twenty three billion South African rand by the way is about five billion US dollars. That'll be paid over three years to Eskom. But MBNA wanted to point out that the deal is not a blank check. The fiscal support. This is very important. The fiscal support is conditional. On the appointment of an independent chief the officer. We'll be jointly appointed by the minister of finance and the minister of public enterprises, the head of Eskom wanted more bailout money from the South African government and boy named declined. He said pouring money directly into the state's utility in. Its current form would be like pouring water into a
"eskom" Discussed on Stuff They Don't Want You To Know Audio
"Our sponsor was the McKenzie. This episode of stuff. They don't want. You to know is brought to you by the firm. Here's where it gets crazy. There's a net of nepotism, that's what we're describing much of the criticism concerning MacKenzie comes from the activities of its former employees. We we mentioned that they have noticeably significantly higher chance of becoming CEO's of very prestigious companies, but they do end up having their hands and a lot of pots their fingers in a lot of pies. And most of the time that you hear someone criticizing this organization. They're going to be talking about one of any number of scandals as we explore this to be absolutely fair. We have to point out that MacKenzie can make an argument where they say, well, this was happening because some member of our company or some group within our comes. To this. But the company overall did not know about this. We are unaware. Yeah. When you have all those tendrils fourteen thousand of them, or so you you it's hard to point the finger, especially if they're a consultant for somebody else. Right. And that that is a valid argument to make they'll also say that look we just advise these clients, we don't decide things for them. And while that is true. It is also true that. Since. For years MacKenzie is either been directly involved in or closely associated with a number of huge scandals. Reuters even described these incidents entire as in indicative of not a few bad apples, not a couple of unscrupulous people in the company, but instead as a culture of corruption so we can we can look through a few of these in. We'll we'll give. Let's give the the bare bones the one oh one. Because each of these subjects that were about to mention is each one is the tip of a much larger iceberg. Right. And then yeah, there's a lot going on under the water. Let's start with South Africa. Is that? Okay. Yeah. Talking about Eskom the power company that was kind of in dire straits at the time and Transnet as well. So the story starts with the Gupta family new relation to the former head of McKinsey a guy who also had the last him Gupta. Totally unrelated this Gupta. Family a wealthy Indian-born South African family who were best known for owning a business empire that spans computer equipment media mining and so on and it at close ties to Jacob Zuma during his presidency. Here's what happened. They found out the. Gupta. Family had strategically placed corrupt people in various parts of the South African government, and in if it's infrastructure and its utility sectors. And the idea is that MacKenzie was complicit in this corruption, and they were using their connection with his family to get consulting contracts from places like Eskom and Transnet these are state owned companies. And then they provided they worked with someone called trillion capital partners T R, I L L A N to provide like seventy five million dollars worth of services. And then trillion got a commission off that for facilitating the business, and then they were found. I don't want to say caught red-handed, but caught pink handed light red handed with in the midst of acts of bribery and corruption and payments to this capital partner, and eventually South Africa's government in early two thousand eighteen found that McKinsey and trillion had been involved in fraud theft, corruption and money laundering. So yes, so this is this is a big time financial crime, right? If if it's true and. The the like, okay McKinsey has hired legal teams to defend them surprise. They can afford a ton of lawyers. Right. I know that they when they were first getting in bed with a lot of these companies specifically with the Eskom one they were looking at a contract for like seven hundred million dollars for the firm to come in. And that's just one piece of it. We're working with the people that the Gupta family was involved with like the money that was was at stake. When I'm thinking about that connected up to their values about only doing things that they know they can do and own, you know, telling the client the truth all the time and all this stuff and not putting the money above everything else. This feels like maybe this was a slip up where the money was above everything else. Is it a thing where it's not about the money though?.
"eskom" Discussed on KBNP AM 1410
"Falling buds skating trade tensions between the us and china escalating today investors wayne diverging monetary policies from the federal reserve the european central bank futures on the s and p five hundred dropping stock six hundred index here in europe edging lower raising in advance big session in asia overnight treasury yields dipping italian debt beating roddy and european bonds triggered of course by the yesterday ruling that rise in rates until at least the second half of next year just today after the fed said american policymakers will continue with gradual hikes euro gaining jolla steady as well as weighing different policy paths trade is also bracing for the expected approval of us import tariffs on fifty billion dollars of chinese goods it's a move that china has said it will respond to in kind stocks in china slipping chappatis equities rising amid a week he and the b o j downgrading its assessment of inflation latest report suggesting the us is preparing a second list of tariffs on chinese goods worth as much as one hundred billion dollars about your markets under pressure worries about an overhaul of argentina's central bank leadership seeing a plunge in its currency south korea's one thailand spot lead in declines today elsewhere crude futures steadying on track for a weekly gain a halting bloating from two key pulled in libya offsetting concerns about a phase out of supply limits by opec and ally produces biggest gain on the stock six hundred zero eight rolls royce it rallied yesterday top ten a further ten percent today the jet engine makers set it set to exceed the target of one billion pounds in free cash flow by twenty twenty following the announcement yesterday four thousand six hundred jobs affecting white collar stop that's a bloomberg business flash his markus karlsson with more on what's going on around the world thanks very much mark four people are dead and eight wounded in southern turkey after election campaigning descended into violence the incident is seemed to heighten tensions ahead of the vote on june the twenty fourth in which president aired and his ak party is aiming for a second term south africa's stateowned power utility eskom will start rolling blackouts for the first time since two thousand fifteen amid worker protests and blockades eskom says acts of sabotage means it's unable to ensure uninterrupted power supply and the blackouts will occur for about two hours until eight pm in johannesburg wage talks broke down last week after eskom said he can't afford pay increases and the world's richest are getting.
"eskom" Discussed on WNYC 93.9 FM
"Hello and welcome this is newsday from the bbc world service with lawrence full art and shaima in the next anger in nigeria at the level of politicians allowances some kid thirty thousand dollars per month also cutters obesity crisis with nearly three quarters of the country overweight benefits for young people in uganda building around robots sport coming up as well it was the top story bbc news with stuart mcintosh russia is considering its response to britain's warning of retaliation if moscow fails to explain its role in a nerve agent attacked by the end of tuesday russia's says accusations of its involvement are unfounded earlier the us secretary of state rex tillerson gave his strong backing britain saying he agreed that russia was probably behind the poisoning nine days ago of a former double agent the top democrat on the us congressional committee has accused republicans of capitulating to donald trump by deciding to end an investigation into russian meddling in the twenty sixteen presidential election adam schiff said they were protecting the president rather than the country to singaporean companies have denied accusations in a leak to un report that they violated sanctions on north korea the two firms are alleged to have sold luxury goods including wines and spirits to the north as recently as last year president trump has halted a takeover bid for the american computer chip maker qualcomm he said the security concerns about the bid by the singaporebased rival broadcom which he said which said there was no such risk europe's largest detention center in west london has been accused of holding hundreds of foreign nationals unacceptably long periods inspectors found the men including asylum seekers and foreign offenders were kept in dirty prison like conditions a south african court is temporarily blocked plans by the power company eskom to sign twentyseven renewable energy deals unions argued they would lead to the closure of coal fired plants putting thirty thousand jobs at risk and pushing up prices kata is to become the first country in the world to screen all adults for type two diabetes almost one in five people in the gulf state have the condition twice the global average the government is trying to tackle obesity about seventy percent of people there are overweight or obese bbc news.
"eskom" Discussed on Money Box
"That is scott kelleher chartered financial planner with rowley tursun wealth management scott kelleher you helped launch petition on coal calling a couple of years ago which i think part departing getting parliament consider it was it stories like john's that let you should do that are definitely m it was weaves it was central more fellow financial voice all we spoke today but also all over potential clients come and see me who have been victims of similar coat scams yes so and do you think that banning kohl calling would actually stop his happening i mean john was in support of it but you think it would actually work arming and we'll stone pay it but it will make it harder for people to do anything that you can let makes it harder for people to scam people overseas and go a day and also eight will make all message easy all that if you get a cold coal itit's than definite eskom because coco's would rebound yes and i suppose that the thing that i thought was typical about john was that he was promised a pension review and there are a lot of them offering free pension reviews on indeed m snap samoa's mont religious or would be legitimate companies but the problem as you don't coin now you which on which means that if if coatings band we could say whoever it is it's it's not a genuine one stay with us that listening to that is michelle clinton she's chief executive of the free and independent pensions advisory service and we shall continent you get a lot of calls from people like john who can't sleep at night yes we aid at calls from people his at this that money and then not one hundred percent sure where it is encouragingly we are getting more calls from people who are asking for a second opinion before they moved their money and i think that is a key message and i would support john if you've got a cold cold just hang up and quebec a pension company that you want to speak to yes so banning coco's would fall within would um i have concerns about the banning co codes and the reason i have concerns is first of all is that people.
"eskom" Discussed on WNYC 93.9 FM
"Who was rescued from eskom militants in october has been arrested and charged with assault enforceable consignment joshua boyle and his wife were held prisoner for five years after travelling to afghanistan three children were born in captivity this report from john mcmanus joshi will boil and his family arrived back in canada in october after being rescued from an afghan militant network allied to the taliban miss the boyle said he's why caitlyn coleman was raped while in captivity and one of children was murdered despite misgivings about why they'd gone through afghanistan in the first place canadian authorities at the time said miss the boyle wasn't being investigated now though police in also will have late fifteen charges against them including for assault and sexual assault world news from the bbc us financial regulators have blocked a deal to sell the us money transfer company monogram international to a subsidiary of the chinese internet conglomerates alibaba group the panel overseeing foreign investments scuppered the sale to and financial on national security grounds the one point two billion dollar deal is the highest profile takeover by chinese firm to be rejected since donald trump took office a year ago the opposition in honduras has called for a month of protests ahead of the inauguration of president clown orlando hernandez who was reelected in november amid allegations of fraud the opposition candidate salvador nasrallah a popular television presenter backed by leftwing coalition narrowly lost after leading the initial count he urged hondurans to reject the new government in anger at that that original they have to respect what my victory if they don't want to respect it if they don't respect toot than the people will ensure my victory is respected our objective is that on january the 27th the will of the people will be imposed regardless of what they say police in peru say at least forty eight people lost their lives when a bus plunged off a hundred cliff after colliding with another vehicle the accident happened on a stretch of coastal highway north of the capital lima the coach with fifty five people on board landed upside down on a deserted beach one of the most influential american recco produces the 1960s and '70s racal has died from cancer at his home in alabama at the age of eighty five he founded the same studio creating this so full muscle shows sound with some of the biggest rmv starts.
"eskom" Discussed on Global News Podcast
"Hendon a committee to look at the the issue we have seen recently in south africa parliament holding queries into issues at the state power provider eskom it was a very robust inquiry there's so it it has the capacity to do these things and do them robustly the makeup of who's on the committee will be really what is important in that liberal disorder in johannesburg the authorities in egypt say term people who've been killed in a gun attack on a church and how want solve of cairo return comes ahead of new year celebrations and the coptic christian christmas which is on the seventh of january rubber gamal in cairo explain more it's been a sad day in cairo today the city walk up to the news of an attack on a church when its outskirts and what we were hearing in the morning that there were two gunmen who opened fire on the security forces that will securing this church and they the security forces fired back killing one assailant while another escaped and it seems that the dead assailant was wearing an explosive belt and later on we heard of a new attack on a shop owned by christians in the same area two people in the shop were killed but now the um egyptian ministry of interior has issued a statement retracing what he said before a brit reports of the the second assailant that has escaped the scene in it's now seeking to one virgin signed that actually it was one assailant he went to attack the shop first opened fire tonight and then continued where it with till he reach the church he opened fire on security forces on the church and he was hoping to come close enough to detonate his explosive pelt to lead to several casualties it comes at the time were as you mentioned security is tightened across egypt and across all the parts of the contrary but it seems that christians are worried that is not doing enough to protect them and they're wandering if if they managed to come this far at the time.
"eskom" Discussed on Bloomberg Radio New York
"News eskom bill maloney karen thank you onto here live breaking news over here bloomberg type squawk on your terminal that's squawk that's a bloomberg business flash tommy david thanks so much karen greatly appreciate a written digress here from the washington ballet to consider japan he's published japan insider with were could see a laissez in be tag over the years jeffco's who joins us right now jeff what are your thoughts over the weekend were one week on from an historic election what does the distinctive feature of domestic japan a week on from the victory right the i think the way people are looking at the victory is that it's a continuation of economic air at least on the guide our days been given a mandate to spend more money uh one of the big speakers up the election platform this time was his promise and two trillion yen to fund pre preschool education for all japanese and so people were looking for the government like is that a third leg i hear this jargon first leg second leg third leg of the ruler third aero scares me there you go i i was doing a leg of a stool think two hours ago the arrows we have a first we have quiver of quiver revive economic how's the quivering well again this is part of the new third arrow backed up and co use that term during the election so you know what they're really doing is trying to get well the government spending because again as we all know to hannity very rapidly ageing society and the way the social welfare system is set up there right now is most of the spending actually goes for old people for medical care pensions that cetera and co are they introduced this idea of social welfare for all generations and the idea is to you the increase in tax revenue that they're getting from both higher wages they're planning to raise sales tax consumption tax in october twenty nine tool and to you that increasing tax revenue to fund a free education for people and this is really kind of a bribe to voters to try and get them to support congrats sorry constitutional amendment which will be occurring for the first time nineteen 47 jeff how does this set color or change the.
"eskom" Discussed on KTRH
"Relatives no told their loved ones and purity's been doing business this way for under no twenty years now look at one more you know this is a great and it's the modal by gracie five at a fivestar she raise it works i feel a different in my joints after only one one week or so you have the nice there that's what it out if you of the nation's there people have been appreciate working with purity there are fantastic company they put their money where their mouth is they give free bottles you try and you're like wow this is great stuff thank god for purity let's talk about the heart health for a moment it's probably the singlegreatest concern that people face as they age so anything that we can do to boost heart health becomes really a top priority order you know this i know this and those folks out there and all this as well and i know you mentioned earlier that omega3 literally lower our risk of coronary heart disease so i have that correct 'cause that's statements the you know absolutely immigrant protecting the heart this is what put omega3 on the map back in the '70s dr dyerberg discovered or you know how protective they were for the eskom most by the way is a wonderful guy had lunch with him a year or two ago great conversation but bottom line omega3 is prepared to our heart in so many ways they promote a smooth rhythmical heartbeat important for the body's normal inflammatory response in the heart muscle the arteries in green they promote those youthful flexible artery so important for search at least in they promote healthy blood platelet activity help you red blood cell activity who support healthy blood pressure that's very important triglycerides so they do so much for the heart to simply amazing cardiovascular protection with these omega3 is it just keeps getting better than that and i got to remind us when people i have patients coming in the year old mike are you taking your omega3s i hope you're still taking your omega3s you know they're afraid to say you know like the omega3 doctor your omega3s incorrect if there was only one nutrient that i could take steve honest to god could do is only one nutrient that i can take two omega3 the.
"eskom" Discussed on WNYC 93.9 FM
"Supplied some weeks ago details of the name is concerned together with their personal identification numbers and this comes on the back of widespread evidence inside south africa after media and other exposures of wrongdoing widespread evidence of corruption only on an industrial scale led from the very top of the country and for somebody who was brought up in south africa his parents were jailed then issued with barreling orders and finally forced into exile in the 1960s as a result of their antiapartheid activism and then having lived campaigns hair in britain to stop all white south african rugby cricket and other sporting tours in the late '60s nearly subtleties in other words having been involved in the antiapartheid struggle on deeply pained by this as our every one of those who were similarly involved in the struggle and believe that nelson mandela's legacy is being trashed by the current leadership of the country and this is one admittedly very bad some jim that's to say the corruption cronyism and money laundering of that destitution which has been wreaked on the country from above those allegations of cronyism and corruption centered centre on president jacob zuma and the businessman the gupta as the day deny wrongdoing and they say that victims today at the politically motivated witchhunt very quickly as there are our possibility that these transactions if they did happen what a standard transactions than went illegal no there's no possibility of that because the money was stolen from south african taxpayers are the three states owned enterprises eskom for example as reinvention south african airways a lot of evidence around that and others two collected with the gupta empire inside south africa there's no question that this is some kind of innocent transfer of funds abroad this is money which has been stolen an illicitly laundered and my those who briefly from within south africa absolutely convinced indeed the finance minister province gordon has said as much and he was sacked by president zuma for trying to expose it all right lord hein thank you very much.
"eskom" Discussed on Hollywood Babble-On
"Oh man come up with say life's like a movie right your own ending zakel as fucking right him unending were mr australia against lee let's get michael late tonight ladies if it's anybody willing to bang a australian who's married to a lesbian while telling their to be fair he's way off the island right so it's like nobody you don't know anybody here so don't have to be just ladies could be do well wouldn't that throw your way for a fucking lou now who's going down under having insane sexual relations this guy blew a blue macaw election i'm not sperm collector at the collection the juzar avaaz i was in cox not fired you win for complained local a play were allies john eskom media is the only thing that correctly really surprises shit never would against i get that right john is here welcomed the oxnard he says its claim to fame as they line from a cancelled at shitty tv show called bun heads the line was the best fuel oxnard is in the rearview mirror foul oh come on john it's not true stop it we live in arizona ball world man now i'm bringing my college sweetheart and now wife lizzy to your show honors lizzy which ones lizzy lizzy we've been married for eight years and newly married she's my best friend she knows of kevin but it's never heard of ralph fucked use lizzy seriously why would you tell me that in an email ever what we know that relatives appears that say the same fight a big fan of cabins work can not really familiar with you nephew.
"eskom" Discussed on WGN Radio
"You are listening pretty late i'm your has petty vasquez before we get a news that we've been talking about we've been talking about the case in st louis and other cases and across the country when police officers are acquitted of any wrongdoing in in in shootings in particular obviously were talking about when this us when the lead victims are black and dana you had a a comment about this conversations well how are you doing an eye dana amado about you very well would you want to say okay gave due to overthrow the complete hurrying poor are search eytan go deeper it's a background of those people that there are higher i hope there's there's no way that you can do a heinous act like the nra of electric in your a life issues yorkers act of violence so racism or whatever it is utter take their going back florida florida mills or require written some social class was old washed cooling or smoke to i agree dana i agree i i took the eskom please permit test in a two thousand one i wanted to join the police department and you take a tacit about i mean and so that sixteen years ago i don't know how the process has changed but we're talking about a lot of police officers in are on the force now hutu that same test than i did in two thousand one and its multiple choice tests about over nine hundred questions and if there are any flags you you sit down with a psychologist let's say that maybe i had a few flags online but mine were my were in relation to like i had there were six questions do they decided they wanted have for the conversation with me and they were about um i feel like people are always watching me with like my kind of like the flag that went up in but i'm a fan of comic in psychologist was like oh it makes sense you're just hyper you actually san stage i don't remember if there are any sort of questions that would address somebody's you know proclivity to perhaps treat people differently based on race or gender or sexuality so i.
"eskom" Discussed on News/Talk 710 KNUS
"And what's going on in charlottesville with the white supremacists and the the deaths that have resulted from this chaos were his choices of words was his language strong enough let's go to mark in parker 300 three six nine six 1971 good evening mark so i have an hour eskom app that are really are track what's going on to work today at last night if you on our white match on level it down fat more then one on my left and i'll leadership should bow in cowering are big arche uh who are really fast you're the people that have gone out portland burke are lots of other quite are imposing i'm on on trump supporters increase each at you'll have an hour or one out of anyone on the left calling balanced oaks out and i cat for fold after go a long way in charlotte fail took near the kind of building up on the lat fix moctar so you're right oh i say i give him a good whatever northern the left says about their side you know what you make a very strong case here in the in this particular regard that the left does not stand up plain and simple and condemn the violence and wrongheaded behavior that we are consistently seeing from folks on the radical left across this country even language that stirring up i mean we hear maxine waters from the very beginning talk about impeachment and talk about how president trump is the most deplorable human being she's ever met and going on and on that in and of itself is enough to be it it language to be condemned and yet they want to go after trump for the things he says right barker of at all now enemies on lap one or anything that went democrat our elected to office march for an hour when republicans are elected to office very often the.
"eskom" Discussed on The Bible Project
"Dairy milk yokich jesus threat produce fruits and veggies which aren't well the the grow out of the ground yet plans for but the really different kinds of plant teacher um meet the meat counter but then think of how i remember hall high was young and it struck me that the bread and the jelly and the peanut butter is all in one i'll smart and it's and then growing older and when i was a student in the uh studying overseas and sawn i realize like oh that's a very american thing yeah oh yeah he better jelly sandwich gonna grocery stores and other cultures yeah it's a mild expert the affair uh so that so that the peanut butter and jelly sandwich i'll me the very uniquely cultural thing birth okay so yeah hit and so that's one thing can second of all let's say you era going into a new one you usually goda whatever for admires for myers which is a which is really can northwest eskom snyder's that's the most confirmed the one near me early alike they've got the organic section were they've got everything and they've got is a little mini organized universe i guest self the right annex section and the i have harassed of everything hotal at a literally there's like three places you could find eggs right or replaces the get yogurt yeah yet so the fred meyer is by means like that but all the same i love i love my neighborhood for about totally.