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tv   Real Money With Ali Velshi  Al Jazeera  April 26, 2014 2:00am-3:01am EDT

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>> this is some of the best driving i've ever done >> eventhough i can't see... >> techknow our experts take you beyond the lab >> we're here in the vortex... >> and explore the technology changing our world. only on al jazeera america . >> vladimir putin can down play it, but there is no doubt that russia is feeling the jesussed from the sanctions. what sanctions america can use to force the russian president's hand, and the el niño weather pattern could effect the world's food supply. we'll look at the business of firearms and believe me business is booming. i'm ali velshi, and this is "real money."
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>> this is real money. this is the most important part of the show. tweet me ali velshi or on facebook.com/ali velshi. it has been a week of escalating tensions between ukraine and russia, but it took a sunday down grade to break the back of already jittery world markets. a global down turn in stocks crossed the atlantic and hit the dow and s&p 500. the nasdaq took a bigger hit, 1.75%. investors may have reacted badly to the lowered russian bond rating that is now one notch above junk status.
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visa's stock fell 5%. still standard & poor's decision to down grade russia's credit rating hit like a bolt of lightening. the s&p with a record flight out of russia. $51 billion since the beginning of this year. this is just one more blow to russia's economy way was already showing signs of stress before it decided to intervene in ukraine. the russian rubel has lost 8% against the dollar and the russian central bank raised it's key lending to 7.5%. president obama is drumming up support among his european allies for more sanctions. there are reports that he wants to take aim at russia's financial sector. last week the world bank warned that russia's economy, the
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eighth largest in the world, could shrink by as much as 1.8 % this year if the u.s. were to slap for sanctions on it. so far the united states and the european union has enacted what some think are pinprick sanctions. wider sanctions on russian finances would ripple across world markets. that's why the crisis with ukraine weighed so heavily on markets today. for more on russian sanctions and the rest of the world. we have this report. >> reporter: a shot across the kremlin's bough. yesterday secretary of state john kerry promised more sanctions. >> let me be clear. if russia continues in this direction, it will not just be a grave mistake. it will be an expensive mistake. >> so far western sanctions to reign in moscow has been limited largely targeted members of russian president vladimir
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putin's inner circle, a bank with kremlin ties and a crimean gas company. western leaders have not said how they would broaden those measures. but experts believe the most powerful sanctions would aim to isolate russia financially by blocking access to international pavement systems and western investment. >> if we cut them off from that we could force a very rapid adjustment of the sort we saw in 2008 in global markets. >> russia is deeply entwined in global financial markets relying on billions in foreign money to finance cross border trade investment as well as international pavement systems to process transactions. it's that level of integration and sophistication that makes russia so vulnerable. so much so that even a spector of them are scaring foreign investors. a russian statement development
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bank said it may have to pay a nearly near loan. s&p downgraded russia's credit to just above junk. it would not be painless for the west especially for european nations who do a trade with russia. >> the u.s. could do this on their own. they don't need europe to go fully with them because these are u.s. banks, u.s. pavement system and u.s. money center that is at the core of global markets. >> reporter: al jazeera, new york. >> now sanctions against russian's banks would deal a devastating blow to
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russian economy. we're joined from the company's headquarters in texas. lauren, good to talk to you. thank you for being with us. >> thank you. >> let's start with this idea, the u.s. when it comes to banking sanctions could possibly do it on its own. do you believe that's true? >> i don't believe the u.s. can do it on its own. the issue is what types of sanctions are they looking to impose? there are two leaks that have come out of senior white house unnamed officials, of course, in which they say they're going to target two specific banks inside of russia, and these two banks are critical to the kremlin, but it is different than just sanctions across the entire banking sector. they're targeting the two banks that provide specific functions for the russian government instead of banks that holds
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the common person's assets. they're targeting specifically the kremlin's use and functionality. >> look at iran for instance. you know a lot of sanctions didn't work. when they stopped the iranian's ability to use the international banking system for transfers that would have to be made in euros or dollars, some argue is what brown iran to its knees. this may be the thing that will work on russia. >> it possibly could. i mean, the united states, if the united states enacts these sanctions, the next question is are they going to require european companies abide by the u.s. sanctions rules. they need to get the europeans on board. but the problem is one of the banks that is used to help finance and process natural gas payments from europe into russia. so if there are sanctions on the banks, how are the europeans going to pay their natural gas bills to russia.
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>> let's talk about other options that the white house has followed so far, that is sanctions on individuals. i've been speaking with a former prime minister of russia, he said these olagarts love the west. they have property here. they invest here. those could be more effective than maybe we think they are. >> they may love vacationing in the u.s. but there are other places to vacation as well. what is on the e.u. and u.s. sanctions list decided to defy them and vacation in sweden. there were pictures on his instagram and twitter page of him vacationing and defying the e.u. sanctions. we haven't seen any bite from those sanctions yet. >> there is some sense that they will expand this. do you think it would have an effect?
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they'll sit around and tell him, look, you're ruining things for us. >> it would be both ways. currently gas is in negotiations with the e.u. over a probe at this moment. saying there has to be free travel movement for gas bumps into europe. how can the e.u. deal on energy issues with russia if they can't have meetings with the ceo? >> let's talk about ukraine and the natural gas situation ukraine is about a year and a half, a year behind it's payments to russia. what is the impact of that? >> well, they owe around $11 billion currently. they have announced a new figure. they're waiting for the imf, the e.u. and the u.s. to start trickling into ukraine because then they know those loans would be trickling into russia. >> this is complicated.
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we mentioned stock markets took a big hit. visa is one of those companies. half the dow's loss was because of visa. and they're talking about setting up a payment system in russia that would exclude visa, mastercard and companies like that. is that type of thinking possible? could russia start building it's own isolationist infrastructure that would hurt american companies? >> well, russia has dissed this for years about having its own domestic processing facility like visa , like mastercard. currently they make up 90% of processing payment inside russia. it would be incredibly expensive and complex, and we have not seen russia pull off such a move yet. it doesn't mean that the economy ministry isn't determined to do it. they've been meeting on this all week. it's going to happen at any time, it's going to happen now. >> lauren, always a pleasure. you know so much about this. we're grateful for that.
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lauren, a senior eurasian analysts. it could break havoc on food farmers world identify. get ready for el niño. >> we'll have more on what that could do. and also what could be the biggest thing to hit college sports? the vote by players to form an union. plus this. i'm focusing on firearms and what's driving sales up in america. those stories and more as real money continues. keep it right here. the stream is uniquely interactive television. in fact, we depend on you, your ideas, your concerns. >> all these folks are making a whole lot of money. >> you are one of the voices of this show. >> i think you've offended everyone with that kathy. >> hold on, there's some room to offend people, i'm here. >> we have a right to know what's in our food and monsanto do not have the right to hide it from us. >> so join the conversation and make it your own. >> watch the stream. >> and join the conversation [ grunting ]
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>> start with one issue ad guests on all sides of the debate. and a host willing to ask the tough questions and you'll get... the inside story ray suarez hosts inside story weekdays at 5pm et / 2pm pt only on al jazeera america >> the brutal winter brought freezing temperatures and chilled the united states. the economy is thankfully behind us but now we're being warmed about an infamous wor warm weather system called el niño. it can leave droughts and expensive damage in their wake. and that could end up being a good thing for areas of the united states desperately in need of rain.
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>> reporter: at its worst el niño can look like this. it could be a rainfall in regions that are typically dry and drought in other places. that's what happened in 1997 and 1998 when one of the strongest el niño systems in decades reached hal havoc. el niño is not always this severe but because of its climate reach we're monitoring ocean temperatures closely. there is a 70% chance that el niño will develop this year, but there is no telling how strong it will be. >> you can think of it as a sloshing of the warm weather and the pacific. and normally almost all of the warm weather in the pacific is bunched up towards nearby, towards thailand, towards australia. that's maintained by the wind, and it's blown to the equator and you pushes the warm water to that end. >> reporter: when that warm water moves, it changes
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temperatures, wind and rain patterns around the world. in the u.s. it could bring good news. el niño could help relief droughts in california and the southwest, but it's effects are not expected to be felt until november. >> generally speaking in an el niño wintertime you're looking at increased rainfall along the west coasts, away from washington state to los angeles then more defused increased rainfall across the whole part of the southwest. >> for markets predicting the price of commodities, el niño makes brokers sit up and take notice especially after the agriculture lost billions in '97 and '98. >> that woke a lot of people up, it certainly woke me up in just how devastating the el niño can be and the effect s of agriculture. >> with the potential of crops to suffer in other parts of the world.
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in indonesia and australia el niño could mean less rainfall posing a threat of drought. much more rain in places like peru and ecuador running the risk of flooding. >> we're such an international market any hiccups we see around the world effects prices here in chicago. we're watching it. >> for now the only thing that is certain is that these are only forecasts. mary snow, al jazeera. >> well, what mother nature has in store could spell more trouble for u.s. retailers already hurt by the harsh winter. that's according to a man who forecasts the weather to help his retail manufacturing and corporate clients strategize. he is weather trends international ceo bill kirk. he said that some of the trends he's seeing could be recession near. he joins me now, bill, you are a meteorologist and you're a forecaster. it's not just the weather.
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it's a whole bunch of other things, formulas and calculations. what are you most worried about? >> well again, el niño, it's a lot of hype because it's one of those climate cycles that you've heard about for many years and we've had some bad ones. there are other cycles that are not as glamorous but have impact. one thing that everyone is alarmed about is the sub surface. for the first time in this el niño we can see 300 feet below the surface of the ocean where el niño is forming, and we see water temperatures 6 degrees celsius above average. when you see 6 degrees above average water temperatures just 300 feet below the surface, that's a problem. that's speaking that this could be a very strong el niño and that does have impacts on everything. >> one of the things--when i
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read some of the stuff you're predicting, i thought you said we're going to have a warmer winter in the northeast and midwest for 2014-2015, and that did nothing but thrill me, but there is stuff to worry about here? >> well again, i call these recessionary trends because it's out of the ordinary. we had all the wrong weather for retail. we need warm and dry weather for summer. seasonal snow for the winter but not so much that it hurts every's q 1 earnings. the concern that we'll continue those trends in 2014. the last time we had back-to-back extreme weather was in 2007-2008, we had other macroeconomic factors but it was weathers that lit suppliers from
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around the world. >> i want to talk about drought in a second, but i want to talk about cool summers. we've had bumper crops in states where they're not suffering from drought. and it probably means bumper crops again? >> yes, corn, and they want to say that cold sump means that corn is not going to yield. we have grade a numbers that they need by september. it's a cold summer but it's still summer plenty of growing days for that corn to mature. bumper crop means lower prices but means good news for you and i. >> not those who are concerned about the dry weather, the droughts. >> they're not going to get the relief until this el niño were to kick in full force, that's unfortunately, december, january, february, march. the drought continues in those areas, southwest texas. we do show california the dryest
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in ten years. el niño is much like the 70's. it's not to say that this is going to be the flooding and the malibu floods of '82, '83 when mansions were falling into the pacific ocean. not every el niño is that extreme. time will tell, but ample rain looks like it's coming from about a year from now. >> hurricanes, what does it look like? >> el niño has created wind sheer. we're in a 30 year low in the atlantic and 50 year low globally. that's part of the cycle. el niño will make it worse in terms of suppressing the activity. the storms are way below average. if you look at some of those bad years, '93 with andrew we had a below average season but we had a major hurricane hit miami . so it only takes one.
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but it's harder to get a major hurricane in an el niño type pattern. now in the pacific. >> sorry, go ahead. >> in the pacific it's a different story. in mexico it could be humbled by hurricanes. hawai'i runs a risk of a hurricane. >> i'll put up those predictions of yours. the last one talks about precious metals. the negative impact of el niño and precious metals. >> we have a client and i was miffed when they became a client. there is a gold mine in mexico, chile, a lot of gold mines, because of the pdo, a cold phase of the pacific ocean, and it's a 30-year phase. it's around for a long time and it started in 2007. when you look at the precipe trends in mexico, chile, it's like they dropped off a cliff. they started a seven-year drought when the pacific went cold. it's a different cycle.
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you can't pull gold out of a mine if there is no ground water. you need a lot of water to pull gold out of a mine. the good news, will it be too much of a good thing? very likely they'll have the wettest conditions of ten years later next year, again, but that may be too much of a good thing. again, you know, they need the water. water is better than drought, certainly. >> bill, always--i always learn so much listening to you. you know these things so well. ceo of weather trends international joining truss bethlehem, pennsylvania . northwestern football players vote whether to join a labor union. i'm looking at finances behind america's fascination with guns. there is more real money after the break. >> our current system has gone very far awry... >> there's huge pressure on the police to arrest and find somebody guilty
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>> so here's the thing you may not have known. jetblue has operated without unions for years. but the airline may have reached a tipping point.
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just this tuesday it's pilots voted to join an union. now the flight attends may not be far behind. reuter's say the transport works union of america is working with the flight attends on collecting authorization cards that would allow them to hold an election. employees can authorize a vote if 50% plus one person signs the cards. they have 4,000 flight attends and this is the second time that the union has tried to organize them. today was an historic day for college sports. just outside of chicago cast ballots to decide if they want to be represented by an union. the vote came after a regional director of the national labor relations board stunned the sports world by ruling the players are employees 6 of the school and entitled to organize. it could be the first step to the end of the traditional student-athlete almost diane estherbrook is in chicago with the latest.
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>> ali it could be months before we know how this vote turns out today. the labor relations board impounded the ballots until they could review the regional director's decision that says that these student-athletes can be considered employees. >> i want to be really clear on the fact that the university during "p this election campaign stayed within the guidelines. followed the guidelines that are outlined by the nlrb. there may have been claims alleged otherwise, but that simply is not the case. >> now regardless of how the vote turns out he thinks what this accomplished was basically starting a dialogue between the
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university and it's athletes. the college athletes players association said that it's very satisfied with what it did. it thinks that it is starting a dialogue, and it hopes that college students or college players around the country will benefit from this union vote today. >> thanks, diane. regardless of the outcome of the vote experts believe college sports may never be the same. already the ncaa has given some ground to help athletes who receive little compensation for their efforts to support a multi billion dollar industry. here to discuss this is michael yves. these student-athletes who don't get paid, if you're good, you get your compensation later, do you not? >> correct, and you don't get injured. if you're good enough, and you don't get injured, and a team wants to draft you, you have that potential for long-term to earn. >> what happens if this goes through, and then other starts to do the same thing? >> well, what it could do is
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open up the flood gates to conversation. even students at northwestern, they're saying we're not seeking money outside of the scholarship. that was the designation to say that they were employees. but what we do want are certain things. medical insurance beyond our playing days. if i blow out my knee and i have to have a knee replacement when i'm 50. it was sustained while working with the university. they believe they should be paid for that. additional academic support. you get five years, if you don't graduate you have to go elsewhere or pay for it yourself. they want time to graduate. and it's not just scholarship. whether you're at northwestern, your scholarship probably costs a lot of money. what does it cost to attend school, food, weekends, going back to visit your family. they want equal protection as employees, that's what they're fighting for. >> the university who recruit these people and give them the
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scholarships to come there, they make a lot of money. there are some who say maybe that's the part of the system that is broken. on schools that focus so much on athleticism there is another school of thought that maybe they should go the other way. maybe they should not be unionized, and maybe the universities should stop exploiting them. >> that's an easy argument, but people don't want to give up power. with that power comes money. if a team win as championship, everyone benefits except the kids themselves. the coaches get bonuses. some of the presidents get bonuses, the shoe companies that are involved in this, it's the kids who don't get compensation. i went to school on an academic scholarship. i have more rights under the same scholarship. i worked at a job.
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it didn't affect my scholarship. those kids who are on an athletic scholarship, they can't do those things. a student who write a book and get paid for it. a [♪ music ] student could a a music student could write aso, but the athletic student count do that. the ncaa said you guys have the money to do it. we'll give you autonomy to provide extra benefits for your student threats whether it comes to cost of living pipe end stipends and allowing family to visit.
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you have four class action antitrust facing the ncaa. we see this in other labor movements there is a labor force here. they're trying to give something away. they'll give concession it is they don't unionize. that's the feeling that proponent of northwestern is trying to do. they said, okay, we'll give you this, but don't unionize. we've seen it in other professional sports. the threat was if you allow them to unionize the sports world will blow up. we've seen the opposite of that. nfl is how much is it worth since free agency? it's a pretty good model. >> great to have you here. michael yves. >> it's money, power, politics, all rolled into one explosive issue. i'm looking at guns in america, and who is putting their money where their mouth is. also what happens when your a-student brings home a report
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card with c's on it? that's how i'm looking at one of america's best known companies tonight. keep it here. >> we pray for the children in the womb >> a divisive issue >> god is life , so it's his to take >> see a 10 year old girl who's pregnant, and you tell me that's what god wants... >> a controversial law >> where were you when the babies lives were being saved? >> are women in texas paying the price? >> who's benefiting from restricting access to safe abortions? >> fault lines... al jazeera america's hard hitting... ground breaking... truth seeking... breakthrough investigative documentary series access restricted only on al jazeera america
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>> on al jazeera america when science intersects with hope. >> i'm hoping to give someone a prosthetic arm for under $1000 >> inovation finds oppurtunity >> a large earthquake would be an inconvenience rather than a disaster... >> and hardware meets humanity >> this is some of the best driving i've ever done >> eventhough i can't see... >> techknow our experts take you
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beyond the lab >> we're here in the vortex... >> and explore the technology changing our world. only on al jazeera america real reporting that brings you the world. giving you a real global perspective like no other can. real reporting from around the world. this is what we do. al jazeera america. >> now depending on your point of view, indianapolis will be the safest or most dangerous city in america for the next three days because more than 70,000 gun rights supporters are expect ed to descend on the city. it is seen as one of the most powerful group in the country and as such they are seeing republican senators .
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each potential candidate is expected to eye light his own role in pushing back gun control measures. according to the center for response of politics nearly 90% of the nra's donations went to republican candidates or parties in the 2012 elections. gun control supporters are also making their voices heard holding rallies outside of the event. an associated press poll found 52% of americans favored stricter gun laws but not even tragedy as at the one in sandy hook elementary school attracted gun control. >> reporter: 2012 wa--2013 was a record year of gun sales . the best indicator of sales the fbi reported the highest number of background checks ever.
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more than 21 million people in in 2013. that's 130% increase since 1998 when the fbi began tracking the data. it's increased 65% since obama came into office in 2008. so it comes as no surprise that gun manufacturers have seen record profits. smith and wesson with more than $500 million in sales. up 43% since 201237 the company has a backlog of orders and says it simply can't keep up with demand. and that's true for the entire gun industry. the latest data from the bureau of alcohol, tobacco, firearms and explosives shows more than 6.5 million guns were manufactured in the u.s. in 2011. most of them handguns. that's a 20% increase from 2010, and a 50% increase since
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president obama came into office. >> u.s. gun exports are also way up. since 1998 they have gone up by 37%. here is another number for you that speaks to the power of the gun lobby, the nra claims to have between 4.5 and 5 million members. while some people say those numbers are inflated there is no denying the influence the group has on the debate of gun patrol in this country. the president of the independent firearms association, former lobbyist himself. richard joins us from florida. goo good to see you. >> always a pleasure. >> people complain of conspiracies on both sides. you are an author, you've written a book on it. you seem to have a very interesting perspective having seen both sides. there are polls that show numbers of americans who want greater gun control. there is an even higher number
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of americans who want just higher, tighter background checks, yet the politics of this doesn't reflect it. we saw a bill in the senate get defeated quite resoundingly defeated last year after sandy hook dealing with background checks and mental illness. before i talk to you about the nra and what it can do better or what it's not doing well what about the gun control lobby? what is it that they're doing? >> i'm not sure what they're not doing. they never really focused on the problem. in some ways they used to be a little more truthful. they used to say that they wanted to ban guns, they wanted to eliminate handguns. now they soften their approach and talked more about gun safety. but people have been involved in the field for many years they know that their idea of gun safety is always the less guns,
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the safer we are. the contraries often argue the more guns the safer. the truth is it's never about the gun but rather in whose hands are the guns? >> so in a place where the numbers actually support changes to the law, those who want stricter changes are not successful in getting them. where was it in georgia just this week they liberalized already what some people have called liberal gun laws. the edge seems to be with the progun side. >> well, i think the enthusiasm and the interest of gun owners far outweighs the energy of not only those who are on the other side but in our political system at the end of the day come november we either get to vote for or against an individual for
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office, for congress, for senate, for governor. you can't make your judgment based on 12 different issues. you end up basing it on the burning issue to you. the 125 million firearm owners in this country, guns are a very important issue because they are a symbolic issue. they are about freedom. they are about the role of the individual versus the state. the people who say well, they want more gun control. that's very unfocused. very, very few of them will vote for or against anyone on the basis of the issue. >> that's a very important point. and so what the nra does for many people and in many districts across the country, the nra endorsement of a candidate is very important. give me a little bit of background on this. if there are two candidates running in a district, and one already had the endorsement of the nra and rates highly in terms of support for gun rights,
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they don't lose that, they don't lose that endorsement to somebody else. getting that endorsement, is that crucial? >> well, in dozens, hundreds, really, districts around the country, and certainly in the race that is going to be decided a couple of points one way or another that's an incredibly power endorsement where people focus on the money. they miss the ability to focus in on the issue. at the end of the day money doesn't vote. people vote. highly motivated, sometimes angry gun owners will come out to the polls this november, and they'll be voting on the gun issue across the country. >> why these massive increases in gun sales? >> fear, when any product is threated, no matter what the
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product is, there is always going to be some fear out there. the longer an issue is in the news about restrictions, availability, the more people are going to be buying them while you can. americans vote not just on election day, but they vote with their pocketbooks and their wallets. and they've been voting for gun rights for a long time. >> you have written an excellent book on this. i know you've had differences of opinion with the nra, which you worked with for some time. do you agree with their current tactics? i, as an observer, they don't make sense to me. when there is a tragedy they come out and have such extreme views about it. >> you know, i don't think they have extreme views. sometimes their tone is a little off, and they're talking to their own committed supporters,
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not the general public. that's where i've disagreed sometimes with their tone. at the end of the day they must be doing something right. they're still around and they're very powerful. >> a very important book" ricochet, confessions of a gun lobbyists." china is looming large over president obama's trip to asia. plus my interview with the top healthcare ceo who is betting big on china's growing middle class. that story and more on real money. >> as america strives for energy independence... >> we can't do it on just solar panels or some wind turbines... >> we look to alternatives >> you are sitting on top of a time bomb >> and the familiar... >> it's amazing what oil can do for ya...black gold >> and what are the human costs of the new energy boom? >> lots of men, and lots of
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money, your going to find prostitution >> people are just dropping like flies... >> we're paid with our lives... >> dirty power an america tonight special series only on al jazeera america
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>> president obama has been uttering the words sanctions a lot lately. not only is he threatening
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russia but he's talking about imposing more of them on north korea. the president arrived in south korea to news that north korea may be planning another nuclear weapon's test. that prompted him to say at a it may be time to consider sanctions with even more bite against the north. mike viqueira is traveling with the president. he joins us now from seoul . >> reporter: ali, if you look at the sanctions that the president is talking about in north korea, the united states isn't doing a great deal of business with north korea to begin with. there is a sanctions regime in place. the problem is that it's the same throughout this entire tripp trip. it's really an extraordinary circumstance. here is the president of the united states coming to the koreanen peninsula where the u.s. force of 30,000 on a peninsula that is technically
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still at war, and north korea is making very obvious moves towards another provocative nuclear test. it's forth since spring firing off test missiles , missiles of short range missiles as well. so when you're talking about sanctions. you're talking about a relationship with china that is very fraught right now not only between china and it's neighbors with its regions in japan, but the fact that they do two-way trade for $600 billion. the president met with the south korean president yesterday, the press conference dominated by ukraine. talking about now targeted sanctions that they're planning to put in place. this is short of the broad
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sector sanctions if rush were to invade eastern ukraine. more targeted sanctions even then the president said this is not designed to change russian behavior, but to keep arrows in the quiver, in the policy quiver to act against ukraine. noting thanoting that tens of bf dollars is fleeing russia. vladimir putin is not a stupid man. he has a choice to make. he can impose hardship on russia and increasing sanctions on that country if it does not reverse course and stop its agitation and provocations in eastern ukraine. ali? >> mike, thanks very much. as mike says, russia's economy is already suffering. the stock market is down 15%, $51 billion has left the country in response to the s&p down
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grading russia's bonds to one grade above junk were duct. danley bergman has been leading the global expansion into china and opened its first distribution center there i in 2011. the mention don't bet against the chinese consumer. >> china is going to become a very important consumer market. we think of cline in terms of exports but china will be a country where the consumer is going to drive the economy. >> and we are seeing these reports that things are slowing down. the chinese themselves have said it. but if we're looking at 7% plus growth, your' not worried that it's not 10%. you're thinking it's twice as fast as the united states, more than that.
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>> first, it's not bad but second the chinese understand that healthcare is important. they are also understand going to you take care of your teeth good oral care leads to great healthcare in the long run. >> you need that consumer growth. we're trying to understand that in the west. china, it spends a lot of money but it's been centralized. they're trying to make it like the united states. >> ali, the chinese are spending money. in the country . the only way to understand china is not to look at beijing and shanghai, but go into the dozens of cities of china, 5 million to 10 million people you see buildings appearing.
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you . >> there are now people in a position to protest their working conditions. do you worry about that? >> i'm not worry about stability in china at all. the middle class is growing. the middle class are into making more money. there are more people moving into the middle class. the consumer opportunities in china are huge . will there be issues? there are issues in every country in the world. why should china be exempt of issues. >> you supply vetera veterinarian s in china. tell me more about that field. >> the companion animal field, it's small and interesting. actually china chinese are
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buying pets at a significant rate. >> is this something new? >> six or search years ago, ever small, but it's growing rapidly. we are focused on oral care, and oral care will help healthcare in general, and it's across the board in china. we're seeing a demand for oral care products as well as not only through the government but the privatization of healthcare and oral care is growing rapidly. >> what is the sense, by the way here in the united states, about what is going on? has the obamacare affected your clients? >> well, healthcare reform is something that does not start with president obama. president obama gave it a push. the movement of procedures from the hospital to the ultimate care site, to the doctor's office began 20 years ago with a program called brg. the issue of prevention wellness, taking care of people before they get sick has been a
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matter of public policy for years. it's been accelerated, and the debate is not whether the public policy is correct or not, but ththe debate is who is paying fr it. private practice outside of the hospital, these are the key beneficiaries. of course they're going to be paid more for procedures but they're going to be taking place outside of the hospital. >> will the same amount or more. >> they will be the same units. the demand for products will go up as more procedures take place out of the hospital, and more preventive work takes place in the hospital. >> the price pressures on doctors are not coming from what you're selling them. >> the percentage of our products is very small. we have to be very careful, we've always had a very good quality
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value ratio in the products we sell . >> the ceo of henry shine. your kid usually brings home a great report card but not this time. that has you wonder going to he has started cutting class or sniffing glue. we'll tell you what that has to do with the ford motor company, and no, it has nothing to do with the dog eating its home work. stick around. >> on the next talk to al jazeera >> oscar winner sean penn shares his views on privacy rights, press freedom and his controversial relationship with hugo chavez >> talk to al jazeera only on al jazeera america >> these protestors have decided that today they will be arrested >> these people have chased a president from power, they've torn down a state...
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>> what's clear is that people don't just need protection, they need assistance. >> the debate that divides america, unites the critics, a reason to watch al jazeera america the standout television event borderland, is gritty honesty. >> a lot of people don't have
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a clue what goes on down here, the only way to find out, is to see it yourselves. >> taking viewers beyond the debate. >> don't miss al jazeera america's critically acclaimed series borderland on al jazeera america also available on demand >> all week long i've been telling you to look at the slew of corporate earnings coming out right now the way you look at your kids' report card. the teacher's comments are usually full of nuggets of your child's progress in cool. i'm often asked which countries consistently seem to do right. since 2006 ford has done a
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bang-up job meeting expectations quarter after quarter, and of course it has been selling more cars. much of that success has been contributed to alan mulally, who joined g.m. from boeing company and turned it around years before the rest of the companies were forced to put their houses in order. in 2012 down 40% a year ago. ford's ticker symbol is "f," and that's the grade it's given for its numbers. it pays to read the comments in the report card. ford put aside some of their money for, quote, warranty reserve increase force field service action for prior models including safety recalls, unquote. after general motors' latest fiasco, it sounded like a
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prudent thing for ford to put away an emergency fund just in case. but ford said this and other things ate into its pre-tax profit by $9 million. if your kid comes home and said i got a bad grade because the dog ate my home work, you know you need to punish them some how. but what if your kid says i was sick for a month and i missed a lot of class, maybe your reaction would be different. the same with ford today. if you the investor thinks that ford didn't make the grade that you expected for a completely valid reason, then maybe you should give ford a pass. but if on the other hand you think ford's excuse akin to the dog ate my home work, you may want to punish it by pulling your stake out of it. turning america's stock market upside down.
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why some people turn high frequency trading givens some investors advantage over the rest of us. don't miss my real money special. a look at flash trading. our speed beats strategy. that's sunday 7:00 p.m. eastern on al jazeera america. this is everything you wanted to know about high frequency trading. join me los angeles where i'll interview experts on the oil industry and how fraking is revolutionizing from texas to canada and beyond. and why soaring real estate prices are a blessing for the city's churches. that's our show for today. i'm ali velshi. thanks for joining us, and have yourself a great weekend.
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>> >> g7 leaders ready to announce broader sanctions against russia over its actions in eastern ukraine. . hello, i'm martin dennis, you are with al jazeera. we are live in doha. also to come - more than 180 people have died in floods in afghanistan after three days of heavy rain. carnage in baghdad. bombers kill at least 37 people at an election