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tv   Ali Velshi on Target  Al Jazeera  August 11, 2015 10:30pm-11:01pm EDT

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to affect change rather than an expression of raw anger. that's it for "america tonight". we'll have more "america tonight" tomorrow. i'm on target. toxic politics, the blame game begins. plus, it's the economy, stupid. the 2016 election hinges on it. it may not be in the way you expect. pictures tell the story, a
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yellow stew flowing through the river in the northern colorado river basin. it poses a threat to irrigation, drinking water supplied to farms and towns in southern colorado and northern new mexico. it was inadvertently released by a team working with the environmental protection agency. the team was trying to score up the run-off in the area of the gold king mind near durango colorado. rightly the ema is under fire for a spill, and underestimated the amount released. first it said it was a million gallons, three million of heavy mettle race water are polluting the area. it's under fire from republicans in congress. they have been hell bent on defunding the agency. since 2010 congress cut negotiations by 20%. and a new appropriations bill
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cuts it by another 9% this year. it would hold e.p.a. stat levels. it's the lowest. the agency overregulates industry that kills american jobs, and last week they repeated the mantra when it announced new legislation designed to recuse the number of cold fire plants. it's a disaster, republicans will have more modder to go after the e.p.a. with. industry and the market can police itself if the e.p.a. were to get out of the way. the mining industry left 55,000 mines with toxic tunnels and run off. state and federal authorities, especially the e.p.a. struggled to clean them for decades. an estimated 40% of water of
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western rivers have been contaminated. whatever your take on the e.p.a. industry has done a horrible job of policing itself. cleaning up the mines is costly, the e.p.a. shouldn't take the task on their own, the private sector should do more. one the things complicating that is the federal clean water acting saying anyone that contributes pollution can be prosecuted to a federal crime. >> constructive critics say the law should be amended to let companies move in, clean a site but not be liable if something goes wrongs. today, what we get instead is more calls. joining me to talk environmental disasters e.p.a. and toxic politics is daniel, a research fellow at the heritage foundation from washington. thank you for joining us.
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we should rightly blame the e.p.a. for this disaster, but should we blame congress from the 21% cut in appropriations in the ema. 9% it wants to cut, and attempts by congress on the e.p.a. we denude the e.p.a. of an ability to do anything, and we complain it's not doing anything properly. >> i don't think it's a kate yix that is a valid one. everyone knows that water will gush out. that does not depend on funding. i agree it's easy to play quarterback on this saying the contractors were idiots. i am sure they know more been claiming disused mines than those criticizing them. there's a bigger point here with the clean power plant rule, and that is that we have an organs
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at the e.p.a., when it comes to predicting environmental impacts 300 years from now, when we see that they have trouble with moving dirt today. so they don't know all the stuff they think they know, that is what congress is focussing on, anti-jobs, anti-affordable energy agenda that they have. >> in fact, they'll do calculations saying things like the clean water act, other things implemented mean people can go to work, are staying healthier. they argue that you got a 40-1 return on every regulation dollar. we are not going to sort that out. my bigger issue is a claim that industry is it able to regulate itself. when it comes to the environment we see industry doesn't, it takes the cheap way out. >> you have to have rules, which
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we have, don't dump lead into the creeks, we have rules for litigating that if it gets in. industries don't want to be sued. they don't want to go bankrupt. i'm not stalking about getting rid of the e.p.a. or the clean water act, i'm talking about abusing the act to impose regulations that will mitigate global warning by 2 degrees. they have hidden behind the science. when you talk about the 40-1 or 20-1 ratio of costs and benefits, that's with science that is not publicly available. we'd like to get our hands on the data to see how they get the numbers. other studies have different results. the air is clean enough that if you meet the current standards, further results don't have an
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impact. >> let's talk about where we are in politics, we saw a remarkable march in new york, all over the world. we saw turn outs that we haven't seen before. half of americans. 478%. the u.s. government - that would be the e.p.a., the u.s. government being two little. 16% saying it does too much, roughly a thirds. saying the federal government is doing the right amount. i hear your point. it has more to do with the regulation of carbon dioxide emissions and the arrogance that you talk about. a lot of people agree with you, on the ordinary side, the argument i know you are not making and the industry will regulate itself. what is the alternative, you don't want the e.p.a. gone
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necessarily. what is the better alternative. >> i think the e.p.a. should focus only real pollution. co2 is nontoxic, odorless. it's not smog. they are imposing on our power industries, regulations to increase costs of power because they are getting rid of affordable and abundant energy sauces. that is going to -- sources that is going to drive up energy and manufacturing costs. it's not going to have a major impact in moderating warming. >> good to sigh you, a senior research fellow at the heritage foundation. next - want to know which party will election. one economist says he knows, his model has been right just about every time, his prediction when
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we come back. ome back.
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we have a spoiler alert, we know which party will win the presidential election, the democrats, at least that's what
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moody's analytics is predicting. they'll edge out the republican nominee by two electoral votes. 270 to 268. you should know moody's has been using the forecast model since 1980 and has predicted every presidential election in the last 35 years. the model makes predictions based on the economy, while factoring in the political leanings of solidly red or blue in every election. the important differential is in the modelling growth. household incomes has been edging up, wage income has been week. the job market producing jobs. could this be the election that snaps moody's winning straek, let's ask the chief economist at moody's analytics. mark, i'm pleased - great to see
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you. i'm glad that this forecast reminds us in the midst of the silly season that in most cases most americans pay attention closer to the date of the election. in most cases it's about the elections. it games back to the economy. that's what the model says. >> in jobs. people need to be employed, pay increasing at a faster rate than inflation. according to the work, looking at house price, it's been important. and gasoline prices, whether it's going up or down, it goes a way to explaining the psyche of the voter. you get a pay check every week, you always know what the house is words, whether you are going to finance it. gas prices, no one will see it more. let's take a look, this is a big one. i show the audience a chance at
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growth. it's a lot lower. wage growth plummeted and we have been making danes since 2010. pt idea is that we are getting to the end of excess capacity. 10 years ago, if you had close to 5% unemployment, and you were creating more than 2,000 a month that would seem perfect. >> we are close. there's part-timers that would like to work full time. then there would be a lot of people bringing the recession out. they were utable to the needs. >> that's the workforce rates. another not in the workforce. >> the rate tells part of the story, and the underemployment rate is very important.
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at the ray of job growth, the market is tightening, if the maths and correct. we'll be back to full employment this time next year, your model predicts 270 electoral votes for the democrats, 268 for the republicans. coming down to virgin and ohio. that depends, around d.c. two counselled vis. it's really - hamilton is a republican, and it's about turn out. >> we talk about detroit. cleveland was hit. the idea that people feel like
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they did getter than they were with influence how they vote. >> they put it into longer term perspective. they were trapped getting into the future. they used the past couple of years to formulate expectations about the future. the year in which the model did not do well was in 1992. because of ross. yes, it messed things up. it's democrat versus republican, we have an important third party candidate in in 2002. it was important. particularly in florida. if we have a third party candidate in 2016, and this model is up for grabs, it will not be as predictive.
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you are a noted commit. you have taken a position on the iran deal and signed a letter in support of the deal with iran. where. >> in my view, it's not a perfect deal. it's better than no deal at all. in my view, it's likely that iran will have a nuclear weapon, it's important for us to hug iran, and just like we have done to china, and that worked in our favour, and the closer the countries and the world are tied at the him, the more likely we'll do things in both our best interests, no nuclear weapon in iran and a safer economy. >> it's hard in iran and other people in the world to hug those on the other side. same with china, we still have
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to get our arms around cuba. to hug iran is hard for many americans. they don't want to be friends or close. >> i understand that. i think if our interests are aligned, and it's important to point out that the iranian population is pro-american. many educated in the west in the united states. there's an underlying view that they want to be part of the western world. they want to engage in the economy. if we can grab hold of that and foster that, we'll end up in a better place. the the u.s., israel and the rest of the global economy. >> chief economist at moody's analytics, good to see you next, prosecutors crack down on the million dollar insider trading scheme, but this time it involves hackers. we'll dell you how it works when
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we come back. e back.
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i talked in depth on the show, the invisible threat that hackers poses to security,
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federal prosecutors say ukranian hackers work with traders in america in a $30 million scheme. hackers didn't have to breach a bank or a stock exchange. they broke into the computer systems of companies that publish news releases, and then they sold that information to traders before it was released to the public, so the traders could profit. that is traffic insider trading among other things with a digital twist. hackers operate with something called the dark web or the deep web. a world most of us never enter, but more of us need to understand. mary snow took a guided tour of the dark web to show you how vulnerable we all are. >> welcome to the underground chat wounds, where television is bought and sold that minute. >> not only do you have a person's name, date of birth, you have their email addresses,
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their passwords. their ip address, their facebook profile. >> the credit card, bank account - you could take over their financial life. >> and how much is that worth? >> in this case, this person selling these for $8... >> $8. >> starting at $8 >> reporter: for all that information starting with one person? >> that's right. it works with the speed of wall street, deals selling credit card numbers, paypal, social security, driver's licences and ip. >> there's reviews, it's like an ebay for data. >> it's like a big bizarre. >> exactly, an online bizarre for stolen information. >> with a few key strokes they are traded as a result of hags. like those that took part at home depot and others we don't
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know of yet. >> it could be worth a couple of dollars, depending on what information. $5. credit card alone without your social security number is worth a $1. former black hat hacker nose first hand the value of a stolen identity, making thousands a day buying others banks and credit card numbers and spending money. >> how easy was it to do it? >> it was very easy. anybody with a computer and limited knowledge on how to use a web browser can do it. >> it's not good news for $15 million americans that had bank cards stolen in 2012. total losses are $25 billion a year. that's $10 billion more from others combined. making i.d. theft a fast-growing
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crime. a crime we saw when we trolled under the name on-target. >> i would use that to encode cards. we are going to find out what banks he had, what the pricing is. >> within seconds we were negotiating with viking selling bank of america, wells vargo and american express account numbers. >> you say $5,000 for a $21,000 accounts. that's a good reason on vestment. >> within six minutes, he found out he could pay $500 for a $25,000 bank account. someone who had a $25,000 bank acts - he lost it. how does he accept payment? >> he takes bitcoin. >> if you use bitcoin, it wouldn't be traced. it's faster and easier to transfer than cash. most importantly, there are ways to make transaction anonymous,
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making it the preferred method of payment on the deep end. >> with anonymous payments, chat rooms and websites, it's tough to know who you are dealing with. >> the data we collect shows that most of the major cyber crime activity comes from russia, the russians tolerate it. >> james lewis used to work for the department of state and commerce, and worked with the current administration on cyber policy, and says that consumer protection is a foreign policy issue. >> the only russian actors caught are the ones dux enough to take vacations outside of russia. if you are smart he'll go to sochi. case in point. a foremost center of cyber crime is carter. it focuses on buying and selling personal information.
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>> the u.s. scres service arrested the site. they continue to trade personal information understand the watchful eye of the founder. these sites can be devastating. they lost 45,000 when police say this man and two others used stolen credit cards. pt traction with the three gentlemen in question is no different to anything that we have done in the past. we have done 1,000 transactions like that where we swiped the card. it wouldn't go through. we manually intevered it, when it when through we received payment. the tri used a stolen credit card number. >> i find it interesting when something like this happens, and it sucks that it happened to me. i know it happened to merchants
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all over the country. taylor was not alone. the trio used stolen account information up and down the corridor in denver. >> i believe it was things they could get cash for with little effort. >> the same crime the black hat hatter committed when he bought credit online. >> i can print my card, go to the store and buy a laptop. i made 2,000 with a trip to the store. >> in one day. >> that doesn't count. cashing out credit towards. >> consumers are not the only one victimized. scott taylor had their money. employees entered account numbers, magnetic strips didn't work. visa told them they will not reimburse them. what they did wrong was a tiny
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minor slip up, costing several ten thous dollars. we contacted several companies including visa about the buying and saving credit cards and asked about taylor's case. visa said it couldn't comment. but pointed to new technologies called the chip and pin expected to roll out in the upcoming years na they believe make it harder to do. they have an effect on the black market. it will take time. this is not going anywhere for a while. >> when we thought we have seen it all. they took us deeper. >> they can sell access to the computer so someone can use the computer you own to order things with four stolen information. most know that the computers take over. hackers are a step ahead.
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>> they'll find a new way to make money. it's enticing to hackers. >> you are not going to be mugged or shot or steel your car. it's a different crime. they'll sit in st. peters burg and go into the bank account and take money. >> on target tomorrow. judges for hire - their elected officials in most states which means accepting cone stayingses -- donations saying it makes it impossible for judges to be broken. we'll talk to candidates here sorm. 10:30 p.m. that's the show, thank you for joining me in philadelphia, see you back here tomorrow night
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about about face, hillary clinton sends the prior to email server she used as secretary of state to the justice democrat, after refusing the previous demand to turn it over. >> blasting a rival. >> where was hillary clinton in all of this? like the president she opposed the serve and joined in claiming credit for its success and stood


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