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Now for the latest money news with Aaron and World Business | :00:00. | :00:00. | |
Yeah, building bridges - US President-elect Donald Trump | :00:00. | :00:22. | |
promised a trillion dollars during his campaign to resseract | :00:23. | :00:33. | |
promised a trillion dollars during his campaign to resurrect | :00:34. | :00:35. | |
Question is, will he be able to deliver? | :00:36. | :00:38. | |
The dream that just won't die - we take a look at supersonic air | :00:39. | :00:42. | |
Lights, camera, action, yeah, we are trying to put some money in the | :00:43. | :00:57. | |
metre. One of President elect | :00:58. | :00:57. | |
Donald Trump's main promises is to rebuild America's | :00:58. | :01:07. | |
infrastructure, we're talking, of course, everything | :01:08. | :01:09. | |
from its railways, The task, well, needless | :01:10. | :01:11. | |
to say, will be formidable The plan is to spend | :01:12. | :01:16. | |
in the region of one trillion Or better yet, to get someone else, | :01:17. | :01:22. | |
investors, to spend that money. Our North America business | :01:23. | :01:26. | |
correspondent Michelle Fleury reports from Allentown, | :01:27. | :01:28. | |
Pennsylvania. Mid-morning in Pennsylvania. Traffic | :01:29. | :01:40. | |
is flowing smoothly over this bridge built in the 1920s but underneath it | :01:41. | :01:45. | |
is not ageing gracefully. This bridge was built in 1929, almost 90 | :01:46. | :01:51. | |
years old, it is an open spend all arch bridge. Engineers tasked with | :01:52. | :01:54. | |
checking the strength are worried. You can see the worst place is near | :01:55. | :01:58. | |
the joint area, so that is where the most corrosion happens. This bridge, | :01:59. | :02:05. | |
like many of America's roads, ports and airports, are starved of funds. | :02:06. | :02:09. | |
Lack of funding is a problem in the sense that there is so much money, | :02:10. | :02:14. | |
so you have to decide what comes first. Money isn't the only problem | :02:15. | :02:19. | |
when it comes to building the country's roads, bridges and pipes. | :02:20. | :02:24. | |
Under President Obama the Republican-controlled Congress was | :02:25. | :02:26. | |
opposed to spending on infrastructure projects. Will they | :02:27. | :02:30. | |
change that position now that they hold the White House? Their man made | :02:31. | :02:37. | |
a point of mentioning infrastructure in his election night victory | :02:38. | :02:42. | |
speech. We are going to rebuild our infrastructure. It will become, by | :02:43. | :02:51. | |
the way, second to none. And we will put millions of our people to work | :02:52. | :02:57. | |
as we rebuild it. Mr Trump's pitch is to spend $1 trillion, not just | :02:58. | :03:03. | |
using government money. He is also hoping to get the private sector to | :03:04. | :03:06. | |
fund these projects with tax credits. In 1986 Mr Trump | :03:07. | :03:12. | |
successfully used this model to rebuild this ice rink in New York's | :03:13. | :03:19. | |
Central Park. Doing the job cheaper, faster and better than the public | :03:20. | :03:22. | |
sector. It is an experience he hasn't forgotten. So, is the private | :03:23. | :03:28. | |
public partnership always the right tool? That depends. It is not | :03:29. | :03:32. | |
necessarily the best will in the Toolkit for every project. It is | :03:33. | :03:36. | |
suited to large and complicated projects. The reason for that is | :03:37. | :03:39. | |
those other projects which give you the opportunity to drive in -- | :03:40. | :03:45. | |
innovation and the result is more bang for the taxpayer buck. In | :03:46. | :03:49. | |
Pennsylvania the need for repairs is urgent. Americans want to update | :03:50. | :03:54. | |
their nation but as Donald will find the overwhelming sticking point is | :03:55. | :03:56. | |
likely to be how to pay for it. Good on you, Michelle. Let's turn | :03:57. | :04:02. | |
our attention to this : The head of Japanese | :04:03. | :04:11. | |
advertising group Dentsu, that's him there - | :04:12. | :04:13. | |
he's the chairman - has resigned following the suicide | :04:14. | :04:15. | |
of an employee who had worked - well, apparently, hundreds | :04:16. | :04:21. | |
of hours of overtime. He'll step down in January. | :04:22. | :04:23. | |
Mariko Oi in our Asia Business hub in Singapore has been | :04:24. | :04:26. | |
following this tragic story. It is good to see you. A tragic | :04:27. | :04:32. | |
story. What is going on here? You know better than I do, there is a | :04:33. | :04:36. | |
Japanese phrase which basically means death by overwork. Indeed it | :04:37. | :04:46. | |
is unfortunately not so uncommon, some 2000 people die from overwork | :04:47. | :04:51. | |
each year. In this particular case, where a 24-year-old employee, who | :04:52. | :04:57. | |
has only been working at Dentsu for some time, took her life on | :04:58. | :05:01. | |
Christmas Day a year ago and even though it is, as I said, death from | :05:02. | :05:07. | |
overwork, which is not uncommon, in this case she was tweeting for | :05:08. | :05:11. | |
months before she took her own life, at 4am she said, I am still at work | :05:12. | :05:15. | |
but I can't complain because everyone else is still working as | :05:16. | :05:19. | |
well and she also said something like, you know, her bosses have | :05:20. | :05:23. | |
criticised her for lacking femininity because she doesn't have | :05:24. | :05:26. | |
make-up on after pulling an all-night. All of those tweets after | :05:27. | :05:30. | |
death came to the spotlight. It wasn't picked up immediately by | :05:31. | :05:34. | |
mainstream media because Dentsu is one of the really big advertising | :05:35. | :05:38. | |
agencies in Japan but it got picked up online and the criticism | :05:39. | :05:42. | |
continued to mount against Dentsu and the company has been under | :05:43. | :05:46. | |
investigation for just over a month now and as you mentioned maze last | :05:47. | :05:51. | |
night boss of the company announced he is stepping down. Interesting you | :05:52. | :05:55. | |
say the company is under investigation but again I am looking | :05:56. | :05:59. | |
at reports which says Japan is a country that imposes very few limits | :06:00. | :06:03. | |
on employers regarding overtime and hours and things like that, but this | :06:04. | :06:10. | |
particular suicide and I guess the outcry triggered Japan's first white | :06:11. | :06:15. | |
paper. Yes, I think it is there to say that even though it is not | :06:16. | :06:18. | |
uncommon in this story really broke many hearts in Japan but I think it | :06:19. | :06:22. | |
is also important to emphasise it is not just a problem at Dentsu. A lot | :06:23. | :06:27. | |
of people have been coming out to share their own experience of | :06:28. | :06:31. | |
similar working conditions in which they feel like they have really been | :06:32. | :06:36. | |
reaching their own limit and also of course as an advertising agency it | :06:37. | :06:42. | |
has affected clients, some employees have spoken out anonymously about | :06:43. | :06:46. | |
this resignation of the boss and the fact that company has put the rule | :06:47. | :06:50. | |
in to say that all lights must be turned off at 10pm sharp. They still | :06:51. | :06:56. | |
have clients demands and when they want ideas by tomorrow morning and | :06:57. | :07:00. | |
call at nine or 10pm, they cannot say no, so they are taking the work | :07:01. | :07:05. | |
home. It is a much bigger issue than just one company. It is something | :07:06. | :07:09. | |
that the country as a whole will have to tackle in the New Year as | :07:10. | :07:15. | |
well. OK. Hey, Mariko, I will talk to you very soon. Thank you. Mariko | :07:16. | :07:17. | |
Oi from Singapore. Here's a question: Would | :07:18. | :07:23. | |
you like to fly faster On a more practical level, | :07:24. | :07:25. | |
would you like to be able to fly from London to New York | :07:26. | :07:30. | |
in under four hours? It used to be possible to do both, | :07:31. | :07:33. | |
if you had the money. Nowadays, if you want to fly | :07:34. | :07:36. | |
supersonic, it's best Several private firms are working | :07:37. | :07:43. | |
on brand new supersonic designs. Our business correspondent | :07:44. | :07:48. | |
Theo Leggett has been asking, could we be about to go | :07:49. | :07:50. | |
back to the future? It could be another high-speed test | :07:51. | :08:00. | |
as the great bird looks ready to fly, and fly she did. In 1969 | :08:01. | :08:05. | |
Concorde took to the skies for the first time. It was a technological | :08:06. | :08:10. | |
marvel. The world's only commercial aircraft to fly faster than the | :08:11. | :08:14. | |
speed of sound. Concorde offered its passengers something truly unique, | :08:15. | :08:19. | |
the chance to sit in luxury and babysit champagne while crossing the | :08:20. | :08:24. | |
Atlantic from London to New York in less than four hours but Concorde | :08:25. | :08:30. | |
had her problems as well -- maybe sit chapaigne. She was also very | :08:31. | :08:34. | |
noisy and so wasn't allowed to fly many of the routes she was designed | :08:35. | :08:37. | |
for. Not only that, she was extremely costly to run and use a | :08:38. | :08:41. | |
lot of fuel, which is why the only place you can see her now is in | :08:42. | :08:47. | |
museums like this one. Three smooth landings and it was over. Concorde | :08:48. | :08:54. | |
was retired in 2003. Its reputation tarnished by a terrible accident | :08:55. | :08:58. | |
three years before, and its costs no longer justifiable in an age of | :08:59. | :09:03. | |
budget travel. You get more aerodynamically efficient the faster | :09:04. | :09:06. | |
you go. So could supersonic travel make a? That is not as outlandish as | :09:07. | :09:15. | |
you think. The aircraft was designed to 60 years ago. Now we are looking | :09:16. | :09:19. | |
at what we can do in the 21st century and it is far more | :09:20. | :09:23. | |
sophisticated. The aeroplanes could be more efficient and crucially more | :09:24. | :09:27. | |
capable of flying and making real profits on any route around the | :09:28. | :09:30. | |
world. Some companies are already developing supersonic designs. This | :09:31. | :09:37. | |
one comes from American firm Aerion to build a superfast business jet. | :09:38. | :09:45. | |
It is not alone. Boom and Spike Aerospace have similar ideas but | :09:46. | :09:49. | |
others are sceptical. The prospect of taking off in New York and | :09:50. | :09:52. | |
lending before you take off technically is still impressive to | :09:53. | :09:56. | |
be able to do but it is still very much a status thing, some people | :09:57. | :10:00. | |
will pay a lot of money to travel this way, but how often and how many | :10:01. | :10:06. | |
people? If supersonic travel can be made relatively affordable, then | :10:07. | :10:09. | |
perhaps it will make a comeback, but we are unlikely to see another large | :10:10. | :10:13. | |
supersonic airliner like Concorde for many years. For the foreseeable | :10:14. | :10:18. | |
future, then, the big bird will remain one of a kind. | :10:19. | :10:20. | |
OK, that's it. I will see you very soon. Mike's back, right now. | :10:21. | :10:33. | |
Goodbye. Barcodes are to be printed | :10:34. | :10:35. | |
on medicines and medical equipment such as replacement hips | :10:36. | :10:37. | |
and surgical tools in an effort to reduce the rate of avoidable | :10:38. | :10:40. | |
deaths in English hospitals. Ministers say the scheme could also | :10:41. | :10:43. | |
save the NHS up to ?1 billion over | :10:44. | :10:48. |