29/12/2016 World Business Report


29/12/2016

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Now for the latest money news with Aaron and World Business

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Yeah, building bridges - US President-elect Donald Trump

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promised a trillion dollars during his campaign to resseract

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promised a trillion dollars during his campaign to resurrect

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Question is, will he be able to deliver?

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The dream that just won't die - we take a look at supersonic air

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Lights, camera, action, yeah, we are trying to put some money in the

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metre. One of President elect

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Donald Trump's main promises is to rebuild America's

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infrastructure, we're talking, of course, everything

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from its railways, The task, well, needless

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to say, will be formidable The plan is to spend

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in the region of one trillion Or better yet, to get someone else,

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investors, to spend that money. Our North America business

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correspondent Michelle Fleury reports from Allentown,

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Pennsylvania. Mid-morning in Pennsylvania. Traffic

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is flowing smoothly over this bridge built in the 1920s but underneath it

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is not ageing gracefully. This bridge was built in 1929, almost 90

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years old, it is an open spend all arch bridge. Engineers tasked with

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checking the strength are worried. You can see the worst place is near

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the joint area, so that is where the most corrosion happens. This bridge,

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like many of America's roads, ports and airports, are starved of funds.

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Lack of funding is a problem in the sense that there is so much money,

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so you have to decide what comes first. Money isn't the only problem

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when it comes to building the country's roads, bridges and pipes.

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Under President Obama the Republican-controlled Congress was

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opposed to spending on infrastructure projects. Will they

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change that position now that they hold the White House? Their man made

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a point of mentioning infrastructure in his election night victory

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speech. We are going to rebuild our infrastructure. It will become, by

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the way, second to none. And we will put millions of our people to work

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as we rebuild it. Mr Trump's pitch is to spend $1 trillion, not just

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using government money. He is also hoping to get the private sector to

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fund these projects with tax credits. In 1986 Mr Trump

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successfully used this model to rebuild this ice rink in New York's

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Central Park. Doing the job cheaper, faster and better than the public

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sector. It is an experience he hasn't forgotten. So, is the private

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public partnership always the right tool? That depends. It is not

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necessarily the best will in the Toolkit for every project. It is

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suited to large and complicated projects. The reason for that is

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those other projects which give you the opportunity to drive in --

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innovation and the result is more bang for the taxpayer buck. In

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Pennsylvania the need for repairs is urgent. Americans want to update

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their nation but as Donald will find the overwhelming sticking point is

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likely to be how to pay for it. Good on you, Michelle. Let's turn

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our attention to this : The head of Japanese

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advertising group Dentsu, that's him there -

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he's the chairman - has resigned following the suicide

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of an employee who had worked - well, apparently, hundreds

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of hours of overtime. He'll step down in January.

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Mariko Oi in our Asia Business hub in Singapore has been

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following this tragic story. It is good to see you. A tragic

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story. What is going on here? You know better than I do, there is a

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Japanese phrase which basically means death by overwork. Indeed it

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is unfortunately not so uncommon, some 2000 people die from overwork

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each year. In this particular case, where a 24-year-old employee, who

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has only been working at Dentsu for some time, took her life on

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Christmas Day a year ago and even though it is, as I said, death from

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overwork, which is not uncommon, in this case she was tweeting for

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months before she took her own life, at 4am she said, I am still at work

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but I can't complain because everyone else is still working as

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well and she also said something like, you know, her bosses have

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criticised her for lacking femininity because she doesn't have

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make-up on after pulling an all-night. All of those tweets after

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death came to the spotlight. It wasn't picked up immediately by

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mainstream media because Dentsu is one of the really big advertising

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agencies in Japan but it got picked up online and the criticism

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continued to mount against Dentsu and the company has been under

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investigation for just over a month now and as you mentioned maze last

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night boss of the company announced he is stepping down. Interesting you

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say the company is under investigation but again I am looking

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at reports which says Japan is a country that imposes very few limits

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on employers regarding overtime and hours and things like that, but this

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particular suicide and I guess the outcry triggered Japan's first white

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paper. Yes, I think it is there to say that even though it is not

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uncommon in this story really broke many hearts in Japan but I think it

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is also important to emphasise it is not just a problem at Dentsu. A lot

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of people have been coming out to share their own experience of

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similar working conditions in which they feel like they have really been

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reaching their own limit and also of course as an advertising agency it

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has affected clients, some employees have spoken out anonymously about

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this resignation of the boss and the fact that company has put the rule

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in to say that all lights must be turned off at 10pm sharp. They still

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have clients demands and when they want ideas by tomorrow morning and

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call at nine or 10pm, they cannot say no, so they are taking the work

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home. It is a much bigger issue than just one company. It is something

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that the country as a whole will have to tackle in the New Year as

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well. OK. Hey, Mariko, I will talk to you very soon. Thank you. Mariko

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Oi from Singapore. Here's a question: Would

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you like to fly faster On a more practical level,

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would you like to be able to fly from London to New York

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in under four hours? It used to be possible to do both,

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if you had the money. Nowadays, if you want to fly

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supersonic, it's best Several private firms are working

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on brand new supersonic designs. Our business correspondent

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Theo Leggett has been asking, could we be about to go

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back to the future? It could be another high-speed test

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as the great bird looks ready to fly, and fly she did. In 1969

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Concorde took to the skies for the first time. It was a technological

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marvel. The world's only commercial aircraft to fly faster than the

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speed of sound. Concorde offered its passengers something truly unique,

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the chance to sit in luxury and babysit champagne while crossing the

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Atlantic from London to New York in less than four hours but Concorde

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had her problems as well -- maybe sit chapaigne. She was also very

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noisy and so wasn't allowed to fly many of the routes she was designed

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for. Not only that, she was extremely costly to run and use a

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lot of fuel, which is why the only place you can see her now is in

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museums like this one. Three smooth landings and it was over. Concorde

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was retired in 2003. Its reputation tarnished by a terrible accident

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three years before, and its costs no longer justifiable in an age of

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budget travel. You get more aerodynamically efficient the faster

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you go. So could supersonic travel make a? That is not as outlandish as

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you think. The aircraft was designed to 60 years ago. Now we are looking

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at what we can do in the 21st century and it is far more

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sophisticated. The aeroplanes could be more efficient and crucially more

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capable of flying and making real profits on any route around the

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world. Some companies are already developing supersonic designs. This

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one comes from American firm Aerion to build a superfast business jet.

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It is not alone. Boom and Spike Aerospace have similar ideas but

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others are sceptical. The prospect of taking off in New York and

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lending before you take off technically is still impressive to

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be able to do but it is still very much a status thing, some people

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will pay a lot of money to travel this way, but how often and how many

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people? If supersonic travel can be made relatively affordable, then

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perhaps it will make a comeback, but we are unlikely to see another large

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supersonic airliner like Concorde for many years. For the foreseeable

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future, then, the big bird will remain one of a kind.

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OK, that's it. I will see you very soon. Mike's back, right now.

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Goodbye. Barcodes are to be printed

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on medicines and medical equipment such as replacement hips

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and surgical tools in an effort to reduce the rate of avoidable

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deaths in English hospitals. Ministers say the scheme could also

:10:41.:10:43.

save the NHS up to ?1 billion over

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