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tv   Russia Today Programming  RT  August 29, 2017 8:00am-10:01am EDT

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refugee policy german security. plan to kill politicians with a policeman among the. spain's interior minister admits to a security failure. at least five people were killed in a taliban suicide bombing in the afghan capital. this texas residents flee devastating flood. opponents less than sympathetic towards the plight of the mostly republican states.
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twenty seven from the studios of. three pm on tuesday two pm in germany and that's where we're starting this our security services that say they foiled a right wing plot to kill left as politicians our europe correspondent. police have uncovered what they describe as potential kill ists a hit lists of containing the names of left wing politicians and political activists here in germany they also uncovered a stockpile of weapons as well from two properties that were searched in the northeastern state of mecklenburg vorpal martin. now the two men that were arrested they are believed to have connections to an extreme far right group one of them is a serving police officer in the region now in
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a statement from the prosecutor general here in germany he said that they investigated and proceeded with this these raids after they found a web chat room chat between the two men and which they talked about angler merkel's as they put it failed refugee in migration policy that they also talked about how they feared for an economic collapse across the country and that they were scared of an increase in terror attacks that they put down to the policies of the german chancellor the two were apparently prepared for the collapse of the state. stockpiled food ammunition for their weapons as well. but what we do see is two people two men here that had raged against one particular policy and that particular policy is so tied to the german chancellor angela merkel it's back in twenty fifteen when she said that all refugees and migrants were welcome to come
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here to germany now she's just been speaking on tuesday to the collective press as part of her summer address and the german chancellor said that she stands by the decisions she made in twenty fifteen. it's a decision we made back then in that exceptional situation to take in those people was important and right. but this is quite a different statement than we've heard from the chancellor in the very recent past current already if a could i would turn back the time by many many years i would have prepared better for the situation with the whole federal government and all those responsible who are rather unprepared in the summer of two thousand and fifteen. if that's a sentence we can do this is part of my political work but so much has been read into this every day expression so much so that by now i hardly want to see it again or the big difference is from then to now but then i'm going to merkel's position
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in the polls was and has cemented as it is right now currently the chancellor leads sixteen to seventeen points from her nearest rivals ahead of next month's general election and looks almost certain to be returned as chancellor so she doesn't need to question her own legacy her own policy decisions that she's made however as this ongoing investigation shows of two men arrested for potentially plotting to carry out murders and what has been called a terrorist attack by plenty of potential terrorist attack by investigators it does show that her policies still remain controversial to this day. eleven says it was behind an explosion in kabul which has left five people dead and several more injured a suicide bombing at an area near the u.s. embassy and another problematic buildings as well local journalist bill summary has the details. we know from kabul police. suicide attacker who had
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explosives in his backpack was identified by a guard at the new kabul bank almost twenty to thirty meters from a suit square a little bit more from the u.s. embassy would sexually quite forty five and have really protected and he managed to detonate explosives this was a very crowded area this is a main draw people who are waiting to get paid ahead of the ied and mostly government soldiers in the initial stages kabul police believe there was a one or more suicide attacker who could have god inside the bank obviously that would have been a very deadly attack if that had indeed happened and this is an area that is very much central there's a lot of security outside of the u.s. embassy the actual u.s. embassy is quite well protected and a lot of the transportation for u.s.
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diplomats and officials is by helicopters because they fear these sort of attacks the people of afghanistan don't feel safe in cities in villages in districts in the highways and unfortunately i think that's the challenge for the afghan government and its western allies to really deliver on providing security. the blast comes just a week of the donald trump announced his new war strategy for afghanistan. also expand authority for american armed forces to target the terrorist and criminal networks that so violence and chaos throughout afghanistan organizations like the taliban or i saw in afghanistan sometimes called i.s.k. these organizations don't send e-mail they send messages like this and there's no question there's a link to what trumps just recently announced with a new program in afghanistan but there's something else you've got to look at as
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well is the trump has made he has pinpointed one of the big problems that his campaign will confront which is the role of pakistan he's threatened pakistan to withdraw one billion dollars of aid if it doesn't get into line and his own government forces crack down on the afghanis and taliban pakistan taliban on the border and that's key to really winning anything so if that was to happen if the pakistan government actually did crack down on the taliban on the border you can assume that the pakistani taliban would be much more galvanizing much more supporting of the afghani campaign in afghanistan against u.s. coalition forces so i think there could be a message in the attack against the diplomatic community and all of american today we spoke to some people in afghanistan about what they thought of the u.s. presence in that country colonel how did you quote you couldn't american and afghan forces carry out operations at night sometimes their intelligence reports are
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inaccurate civilians including women and children get killed. and there was a doctor at the horses who is hit by a drone strike and another man was on his way home when he was killed. by what i want to show us operation into the house and so schoolboy they shot him dead later they said they had killed a taliban fighter before they left they blew up the entire building one of the maybe negative. effects of this trump strategy is that by ear. showing that he's an enemy will by taking the fight to tommy byrne at this time in time you know we also see how it is what this could lead to this ostrich scenario whereby isis and taliban would completely join forces in afghanistan and if that happens that could spill alright havoc. things interior minister has admitted that it might have been possible to have stopped the terrorist cell that launched attacks abbas loner in campbell's earlier this month he said the atrocities may have been prevented if the
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alarm had been raised over an explosion at a house in a town near barcelona. it is possible some checks were not made in this case and we will have to do terminate how we can know why this is happening again the spanish interior minister was discussing they're promising a review of procedures and that's because he says they need to look at exactly what the controls are and if those controls need to be changed one of the things they will be looking at is how this terrorist cell in spain was able to get hold of bomb making equipment including one hundred and twenty gas canisters without reading any suspicion or tool with the authorities now the spanish interior minister then went on to talk about the a mom whose remains were found in that house which exploded the day before the attacks in barcelona and cam girl saying that in his mind that there were no suspected links between that a mom who's of moroccan origin and any radicalized groups now that is in complete
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contrast for what we've heard previously from belgian officials who actually say that that. moroccan descent was actually flagged up by elders of a mosque in belgium when he was preaching there the elders concerned about the type of preaching that he was making saying it was radicalizing and polarizing the people at that particular mosque so the question about whether those concerns were raised to the authorities at the time and if they were whether that was then passed on to why you're thora to a larger database of people who are watching potentially people who are radicalizing others now the spanish minister will meet his counterparts elated today from morocco to discuss possible cooperation. with the security between the two different countries but the big question remains is that house that was exploded in the day before the attacks in barcelona and campbell if the
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police had recognized early enough that this house. explosion was not caused by a gas leak which was initially suspected but actually was caused by an explosion in bomb making equipment whether that then could have potentially allowed them to break this terrorist cell down stop the attacks the next day and potentially save many many innocent lives. a number of political leaders around the world have slammed the u.s. sanctions imposed on venezuela last week those restrictions have been branded a financial blow and a violation of international law a monday china gave its reaction the experience of history shows that outside interference or you know after all sanctions will make the situation even more complicated and will not help resolve the actual problem the u.s. sanctions applied on friday target any financial deal struck with president duros government as well as with the venezuelan state oil company experts say that the
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sanctions could send the country further down an economic spiral and cause rampant inflation however one multinational investment blank is managing to dodge these restrictions goldman sachs is said to be the only company on the list that is exempt after its controversial decision to buy almost three billion dollars worth of bonds in venezuela's state oil company a may the move was seen as an attempt to supply fresh funds to buy duros government goldman sachs denies those allegations saying it made the investment because it believed in a brighter future for the country but latin american studies professor daniel schorr is convinced that the financial elite are pulling strings. yeah hypocritical that the u.s. government is supposed to be clamping down on that as well or one of the largest us banks and investment firms goal that saskia continue to do whatever. their profit margin is the front page news stories in the mainstream media always seek to demonise any country that exists in
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a sovereign way outside of the us here if they're seen when you see these banks circumventing the sanctions because they can profit off of venezuelan markets of venezuela and day it shows that who is in truly in command of the us economy the banks and the billionaires are the ones that are surely controlling the us congress and the president's. he spoke exclusively to venezuela's foreign minister about the tension between the countries he believes that it's the opposition in venezuela that is to blame for the new u.s. sanctions. the most natural reaction of international organizations like the un would be to recognize that the southern city of our country must be respected curb attempts of interference in the internal affairs of venezuela and refrain from adopting opposes of unilateral sanctions that violate the principles of international law so that you understand what kind of opposition we have they have been low been going to washington to achieve those sanctions against venezuela now
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they are trying to convince the people of venezuela that the sanctions are the fault of the president must do it and this is completely absurd and the world must know this after the break how the devastating storm in the united states is further exposed the growing political division in the country. the feeling of. every the world should experience. and you. will. according to josh. come along for the ride. what politicians do.
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put themselves on the line they get accepted or rejected. so when you want to be president. for something i want. to do like to be press it's like i'm up for three in the morning can't be good. i'm interested always in the waters in the house. again the devastating floods in the united states state of texas are now thought of killed up to fourteen people as the area continues to be pounded by tropical storm harvey has been downgraded from a hurricane but it's already affected hundreds of thousands of people the city of houston is one of the worst hit the flood waters there are expected to continue
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rising the damage from the storm is still yet to be assessed but it's already being compared to hurricane katrina back in two thousand and five president trump will head to texas to be briefed on the relief efforts but shockingly for some the disaster has a political angle one twitter user praised the floods for cleansing texas of racists others are glad the trump supporters could be affected some said the voting republican could have brought this on texas political analyst charles will tell told us that in the face of the tragedy the nation should be united not divided texas first of all is not a state that is one hundred percent white by any stretch the imagination there is a large minority hispanic population there is a large minority black population in texas this is a natural disaster it is caused untold suffering we still don't know how much damage is down there yet you know this is a time where people should really be coming together blaming a natural disaster of one hundred somebody because his or her political view use is
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stupid basically i was here in new york on september eleventh two thousand and one the outpouring of love and support and true help from around the world not just from the united states to this rich city of manhattan was spectacular that's what houston needs us to texas and we certainly don't even lessons from supposedly leftists are really just hateful it's hate speech. the first months of donald trump's presidency has seen his support slashed by more than a fifth but if you thought the democratic party will make gains on that think of maupin's got some surprises for you only seven months into his term and already trump is being labeled the most unpopular president in all of american history so you'd think that the democrats would be riding high given the focus and volume of trump bashing i've said over and over again and i think he's the most deplorable person i've ever met in my life he's not he lives a lot. he says things that aren't true that's the same as lying i guess presidents
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behavior make i mean as as you point out it's sort of shocking but not surprising turns out that for a lot of americans opposing donald trump does not equal supporting the democratic party at this point only forty two percent of the u.s. public has a favorable view of the democrats and this is translated into fund raising difficulties in july the democratic national committee only raised three point eight million dollars that's the worst july fund raising they've had in over ten years and at this point polls show that for many americans it seems like the democratic party is just all about opposing trump. the democrats have a message a message beyond dump trump you know an actual policy message we decided to ask folks here in the democratic party stronghold of new york city a policy proposals. i mean specifically. i'm not
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sure oh no. nothing comes to mind nothing now. now. can you tell us one policy proposal the democrats have put forward in twenty seventeen. peach. like hating trump is enough for the democrats to to win on. now i mean they have to have something to back it. up with something is the stupidest thing you could have. actually you got to come up with something come up with solution to the country they don't have a message they have a message that trump is evil and anybody who supported trump is evil and frankly that doesn't sell i don't think most americans think of themselves in those terms even if they don't particularly like trump and i think the democrats are coming across as having no ideas no solutions betraying their traditional working class base in favor of identity politics and it's not doing them any good it appears that fueling anti trump sentiments is not really a solution for the democrats if they want to win the voters trust they need to
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emphasize what they stand for not just what they stand against caleb oppen r.t. new york. amid a wave of resistance to confederate monuments in the wake of the charlottesville violence there seems to be a growing number of americans who want to express support for civil war symbols one confederate flag manufacturer who seen a spike in sales this month says it's part of a backlash over the statues removal charles will surprise me i'll be honest with you not much surprises me i've seen a little bit of everything you saw people with flags but there wasn't a lot of talk about the flags but when the monument started coming down particularly the it was shown over and over again with the monument crashing to the ground and. disrespect by and large the people that i talked to either through the show room or on the phone or through e-mail are buying flags basically as a backlash against the taking down of the monuments they can't buy
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a monument that flag is what they say earlier this month you remember a white supremacist rally over the removal of a statue resulted in street brawls of the death of a counter-protest some of the hate groups that took part in the on the rest often display confederate flags during their rallies linda kennedy says the symbol should not be given as to further a racist agenda to me the flag is historic it is no different from a bitsy ross flag or a gadsden flag or a bennington flag or any of the other flags that flown during our country's history . i hate that some of the white supremacy groups. the k.k.k. and all these other neo nazi groups have essentially hijacked our flag and that's how i look at it i look at it. what should be an illegal use of a historic object. elsom is demanding compensation from israel after the authorities raised six e.u.
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funded schools in a village near bethlehem last week the children now have to study intends or outside. the soldiers game and started shooting in the air throwing grenades at people and then they started destroying the school and as you know i feel so sad that our school has been destroyed. i'm so upset because they raise our school i love studying so much one day i want to become an engineer as i mentioned the cabins which were meant to serve as schools were donated by the e.u. as well as all the necessary educational equipment the main aim of the project was to provide local children with an opportunity to get an education near to their homes the nearest school now is an hour's walk from where they live belgium one of the countries behind the educational project has condemned the destruction calling israel's move on acceptable adding that the project was to meet humanitarian needs and was in keeping with international humanitarian law traveled to the affected village. the night before the new school year started israeli bulldozers arrived
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here on the outskirts of the palestinian city of bethlehem to demolish seven caravans at recently been erected as a school for some one hundred bed when students from the area now this was one of fifty five schools in the area that had recently been given a demolition orders but the difference here was that the demolition order came the same night that the school was destroyed there was some bombs there was tear gas and the solution has been this tent that was put up to try and accommodate at least some of the children so they could hold classes. when there is a strong wind would get cold we have classes in direct sunlight some of us might get sunstroke and get sick and one gets colder people get ill too. creditor had committed at the lab to believe in nuclear kids from our village was so happy when they had a school and when it got destroyed they were very upset the kids used to love going to school they were so enthusiastic about it and now they are asking all the time
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why do i have to study in a tent the children need water bathrooms and there is nothing like this in this so called the situation inside the tent is extremely cram there are four classes that are happening simultaneously now and most of the students are not in there they've been sent to a school that is around ten kilometers away and as you can well imagine it is a far distance for children this age to look and many of them say along the way they are often accosted by sisters according to the no we generate future council in the first quarter of this should be between she spoke cases of schools like this being destroyed by the israeli army post here r.t. to but i did outside bethlehem we got in touch with the israeli authorities who told us that the schools were built without the required planning permits the maitre de leon is from the fatah revolutionary council says there's a shortage of not. schools but also hospitals and housing juta israel's reluctance
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to give palestinians construction permits this time we're talking about three schools but these are not the first three schools our hospitals. suffer from the same thing our economy suffers from suffocation israel has by international or the responsibility of belief schools they do not build schools. and at the same time they don't give permits to build schools. nor nor houses we have shortage in the hospitals because israel doesn't give permits to build hospitals and at the same time they are building freely on our land schools for israeli settlers who are illegal colonial settlers on our land and they're free to build their schools and that's it for now if you're online you'll find us only favorite social networks look at dot com i'll be back in just over half and i will go next news around.
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here's what people have been saying about rejected and i just. feel the show i go out of my way to. the really packed a punch. is the john oliver of r t america is doing the same we are apparently better than. c devore heard of love back to the night president of the world bank very. seriously send us an e-mail. with manufacture consent to. to the public wells. when the
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remain close and protect them so. when the fire larry go live to be the one person. in all middle of the road six. we started working on the question of the euro before the euro was launched and we had such concerns about what you were preparing to do you all know is the book to film and over the last days of the old regime that. way
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. and. criticism chris thank you all very much it's. an honor for me to be here to. pay tribute to your hero freedom. milton friedman. and i arrived in italy in november two thousand and eleven shoot a documentary the nation was a risk of default to come under pressure of the european institutions the berlusconi government had just resigned in favor of mario monti a technician who would for did the forthcoming catastrophe it was the first time in a decade that i came back to the land where i was born here years. brilliant minds
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. to advance a moral vision. a vision of a society where men and women are free. free to choose italy had been downgraded by the rating agencies and lost credibility in the eyes of international markets there was everywhere a climate of fear and uncertainty about the future. when government attempts to substitute its own judgments. for the judgments of free people. the results are usually disastrous. the italian case with the debt out of control could have even caused a domino effect on the whole european economy only dose of the pigs. what was going on in europe in contrast to the free markets invisible hand. which improves the lives of people the governments invisible foot. trampled on people's
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hopes and destroys their jury. the word spread and austerity had entered into everyday speech but no one knew what consequences the economic crisis would entailed be taken to the streets across spain to join the general strike that stretching throughout your unemployment still european politicians was shared with the crisis would be applying effect of economic recipes and structural reforms. after four years of austerity the economic conditions of the pigs are even worse but the european press continues to be. that corruption and indolence are the
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sources of our problems and at this point we deserve this crisis. praise for the german. and. then that are bullied see if you have a natural immunity. in austin. and a lot of quizzical as a kid out of the city can. all be. that sound at the big kid you know the by engine one. chip if you. look up as the one that she for all countries do we wish the weaker economies are. not working hard spendthrift and so it's mostly complete nonsense for example greeks work. more hours per week than germans do.
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in one thousand nine hundred two the my strict treaty was signed and the european union was formally born. but let's take a break because this story also talks about. that in that very same year founded the social cooperatives. of which he is now president in twenty four years proudly in their colleagues and given back dignity to those who had just been released from mental hospitals schools prisons or simply from their homes they left with the fam a few up to cottle full of crazy people they drove around on to a small town in north of from under the eyes of the outraged locals and they got to change the face of their city a cooperative has dealt with more than five hundred people with disabilities and more than five thousand people took advantage of it serves a tenth of the population of vermont to return today that like. even skinstad would
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be shut down triggering a real social bomb in new england. easy to eat. fish and say. with macroeconomics you can understand the limits and then with microeconomic you understand everything that happens inside of those lives so macro economic might put you in this room and then micro would be everything that happens inside the room until the dot dot think it into any of the stuff that you will send it that someone's about to step down. if you send one hundred dogs into the room to get some bones there's only ninety five there you've got a macro problem a structural problem five of those dogs are going to get any. cheating on. the dish and to be a bit now the micro calmness then the psychologist will take those five guys out and they'll examine them and then they'll say ok they need more training we need
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structural reforms they need exercise they'll exercise them in trainer teach about a fight hard case bones and then they run the experiment again they send the guard to get in sure enough the next time those dogs get in on a. main admission. and. then instead. what they forget this is going to be just five other dogs that don't get bones because there's a macro problem it's good to have better dog stronger darts faster darts but if the problem is to short five bones if the short five bucks is nothing the micro can do about. it is it really possible that there is such a narrow bond between the upper floors of economic power in the small rooms of everyday problems is it true that we are one hundred dogs in a room with only ninety five bones and who decides when the bones must be done. i do five or one hundred.
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eighty days keep a z. . people blame me. if you need to see. your i blame me. if that's your kid. down to the people of color more than most people to give a shit on logic. that i really miss.
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bazy belief. that is starting to treat shaken to its very allegation today you had one hundred fifty billion pounds of today. and. all the other big question tonight the fate of the balance of employees who work in a building. the u.s. financial crisis spread to europe in the form of sovereign debt crisis and quickly turned into an economic crisis. so there's a lot of the started about what's going to come out of.
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well democracy was never the strongest suit or european union. the only way of imposing such highly. toxic policies of for three shifting the losses from the banks onto the shoulders of the weakest stock spears of europe. whatever democracy.
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maybe. because. it didn't unique. massive government intervention launched a new. economy creating jobs balance in social conflicts in protecting the weakest segments of the population this was called the new deal. the average. family gained
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a lot of it and they're going to come our way the new deal was inspired by the father of macro economics john maynard keynes argued the need for public intervention in the economy of the nation on the opposite side milton friedman yes that treatment of freedom and economic consultant of the bloodthirsty dictator pinochet theories remain the source of current economic policies of the west and anything we can do to keep down government spending is a good thing we should restrict it to those activities like defense which we really need to do. because it's a political decision that's why in the past i've called it a crime against humanity because it's an act of decision a kind of walk they have run out of money the central bank discredits because there's no limit to the amount they present so let's see how money is created in the united states.
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last time we chased. each one of carrying twenty kilos of drugs. in. the morning. they have. me. i don't know.
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what. welcome to the wonderful world of blood donation i come here every three weeks to get my transfusion to be specific i receive in. my body gets and somebody that i cannot produce itself around the world giving blood is seen as a symbol of generosity. helps people that's one of the side effects is that. this applies more. to put money on your car radio we don't have all plasma based drugs today come from private. and are produced from paid. small. and. what are the risks of a donation. there is proof that the frequency of pathologies is much higher
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paid donations and it. was. over two years. in the money. and who runs the blood business. is not. the. much the same that. was the president of the world's most powerful central bank the us federal reserve troops to learn we simply used the computers to mark up the sars what you're calling the federal reserve we need to preach morning because
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. we. feel in the us the creation of be focused on public spending especially when the economy is in trouble. in the eurozone instead during hard times this could happen. if. she made sacrifices. and sacrifice today for steri. to go to the men for a cause. the big economy here is. really about
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the big is that the you know the green by media dependent that it because it will see your name. or your you know the. boy. was the same as for a child. according to census the research institute in italy national funding to the regions linked to social policies was reduced by approximately eighty percent from two thousand and seven to two thousand and fourteen. and. you're a member of the matter of the bones if we got it right it is the austerity that decides how many bombs should be placed in a room of four hundred dogs. these is the room.
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on issue one looking well. until it is. seen on to say. that it will see one markets and. ten. channels i'll be wanting. to tell. you how to. get it going to. normal. satsuma it's no use at all to speak to him into including the audience.
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and you don't let me just check your receipt for me you know they really can stay here and i am still here you can until somebody. want to be one of them was all the saw me think needed tell me is it any easier was all you need to punish and continue to want to lean on. will stomach control chunk . of shit i will someone who. can just studies on. what we have learned is that if you are in a situation of low growth even the recession austerity is a very bad idea it doesn't work and it makes millions of people very unhappy those who are unemployed see their wages decline it has been misery and as
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a result in the eurozone the countries of the eurozone have been doing much less well in terms of my quick anomic development growth unemployment the countries outside he was on sinatra's the term. dismantle the whole she. believes documents which are highly misleading collapse and she was beautiful looking at. the stake and you know if you join me. at least as you saw in the day yet a lot of the economy going to go up by a little from v.c. only and the most likely to add up if he's going to dog me. if. i don't. ok don't push it down you could have it. for the dinner say they. will come by the people. gathered in which to watch it
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will be. a choice between. the climbers i mean. the school pretty clearly going to me of a day it can be don't mean it can be beautiful be going on or. going on. but is it true that the national debt is a problem. you know make a move to work for them and you not because the money is that you need to missions that you don't have. no yeah but they were in that period that impressive out of phase with the. problem or that. they sold the carry out the the mood of the immediate and. the who would go i mean . who sold it to put a sovereign currency is
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a currency that is under the control of its issuer so there is an important relationship that exists in any sovereign country that has a sovereign currency the relationship is that the government collects taxes in that currency spends in that currency and has a monopoly over the ability to create that currency so in canada and in the us and australia and britain the governments are the only ones who can create their own currency here in the euro zone governments spend in euro's and taps a mirror but. cannot create the current value of the idea. that all of america cation the dollar put on the un approval number need to do. that it was
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there was no. movie a problem with the bit with movie. these are the countries of the world whose public debt can be a problem because they are unable to create their own. when you buy u.k. government bonds you know that you will always be. in pound sterling at the moment of maturity because the bank of england will make sure that the cash will now take the italian government is issuing debt bourne's not anymore but in you post and you also are in fact like foreign currencies and as a result if markets distrust confidence then the massively celeborn knowing governments may not have the cash you will cash to pay out to bond told us and therefore precipitating a crisis in
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a self-fulfilling way pushing it doesn't government into illiquidity it cannot find the cash and possibly default to say the cows a command political to feed off. of the. lawsuit. but back out. of a deal with a woman in a row because it's a. good company that south. tower academic paper by harvard economist rogue often reinhart which conservatives worried wider are. for austerity was recently refuted by grad students just because it had a few simple errors and a couple of little staggering omissions that made it slightly fundamentally wrong.
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thomas hearns and mr arnold think it was one of the most important american companies realize that you have upset some people in the austerity crowd who have someone starting your car for you right now. when the public exceeds ninety percent of g.d.p. it becomes an obstacle to growth. the two great economists had committed. in the columns of their x. times as i've been talking to a lot of the media across the world they've been pretty heartbreaking stories about what's going on in europe and you know i've also seen the effects of it in this country as well we have to keep cutting the government budget and laying off people until those people get jobs that's right you got it the austerity policies are based on a full blown miscalculation. you know but they see the already using it all over europe and they love it so much that they have celebrations in the street sometimes
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with. sometimes just fire and everything. despite seven years having their lapse since the beginning of the crisis the economic studies continue to support the danger of public debt which are too high and the need to cut public spending and the deficit. must percent. be. equally month immediately meet they didn't get it that we have this fact. she said. to put it to me that i would. actually in their creed it means. ok. that three percent for example is just something that is difficult it's like the trinity or something to
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ignore scientific basis for imposing the number three on countries intelligent people. when you reject this it doesn't make sense if you do deficit spending your god adding or stimulus you are giving the economy drugs are you doing is you're removing a restriction so you want to think of the economy right with us out i don't pick run it that's all fair to run it's it's educated it's got good capital goods behind it it's got a lot so far way and lots of food water you know everything you need in your economy housing clothing music production ok but then all of a sudden you put a plastic bag over the head of the satellite and he can't breathe right and so now we can't run and so what we're saying is first remove the restriction. see these dollars as a bianca even the busy day in the middle jannat you didn't mean all the vibe that in the end the piano do this to mean people reshape the bank up into that it is
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that you need a federal reserve to stump up the money. you can last decade defeated to billy connolly can all. change the trade quadrupled you could from mosul today to the given in post invasion it will but show who decided and why but the sprinter had to run with a plastic bag over his head. about your sudden passing i've only just learnt you worry yourself in taking your last bang turn. your act caught up to you as we all knew it would i tell you i'm sorry i could so i write these last words in hopes to put to rest the sayings that i never got off my chest. i remember when we first met my life turned on each parent . but then my feelings started to change you talked about more like it was again
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still some marshawn to view those that didn't like to question our arc and i secretly promised to nap. like it said one does not need a funeral the same as one enters the mind gets consumed with death this would like to. speak to you now because there are no other takers. to claim that mainstream media has met its maker. the knot winds up. on a flimsy off let down one might have nights on the definitions and i'm back and the . one seeking a new south. taken in equal city south just sun it did me good oxycodone and then you're going to bring. it out with the guys. now young movie it might not be.
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out in the night beach this week out of sight is out. to be this just dealing with one thing i love just i know the deep but let me say this one tokyo found it is going to happen going to get. the last laugh out. of his look was because did a piece of dancing coral cultural thing i pulled the premise. bosler the dubrovnik in venice are all fixed travel destinations so it must be nice to live there or is it. going. to. go crowds of tourists disrupt the city's economic and social life remember to live
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for us on the celestial good album or to also show the photograph of the traditional story son i'll stand by him somebody else who does as we've done is minor leagues of. i'm on my feet while the cities try desperately not to collapse all powerful corporations collect the profit of we'll put to the couple who will probably go on the dole coffee cup at home in the bushes up their own sobs knock up the suppose it's in the in a. to. find. is a tourist phobia will fit into our own identity.
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see the german chancellor. refugee policy security services. politicians the police among the. checks were not made in the. interior minister of security failure may have allowed a terrorist cell to. suicide bombing in the capital which killed five it struck near the u.s. embassy another diplomatic buildings. texas residents.
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less than sympathetic to the plight of the mostly republican state. in germany that's where we're starting this hour security services there say they foiled a plot to kill leftist politicians. has the details and belin. police have uncovered what they describe as potential kill ists a hit lists of containing the names of their left wing politicians and political activists here in germany they also uncovered a stockpile of weapons as well from two properties that were searched in the northeastern state of mecklenburg vorpal martin. now the two men that were arrested
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they are believed to have connections to an extreme far right group one of them is a serving police officer in the region now in a statement from the prosecutor general here in germany he said that they investigated and proceeded with this these raids after they found a web chat room chat between the two men and which they talked about angela merkel's as they put it failed refugee and migration policy that they also talked about how they feared for an economic collapse across the country and that they were scared of an increase in terror attacks that they put down to the policies of the german chancellor the two were apparently prepared for the collapse of the state. stockpiled food ammunition for their weapons as well but what we do see is two people two men here that had raged against one particular policy and that particular policy is so tied to the german chancellor angela merkel it back in two
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thousand and fifteen when she said that all refugees and migrants were welcome to come here to germany now she's just been speaking on tuesday to the collective press as part of her summer address and the german chancellor said that she stands by the decisions she made in twenty fifteen. on it's a decision we made back then in that exceptional situation to take in those people was important and right but this is quite a different statement than we've heard from the chancellor in the very recent past . the sentence we can do this is part of my political work but so much has been read into this every day expression it has become a simple motto in the discussion around it has turned into an unproductive endless loop we didn't embrace the problem in an appropriately. they also goes for protecting the external borders of the shingle area currently the chancellor leads sixteen to seventeen points from her nearest rivals ahead of next month's general
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election and looks almost certain to be returned as chancellor so she doesn't need to question her own legacy her own policy decisions that she's made however as this ongoing investigation shows of two men arrested for potentially plotting to carry out murders and what has being called a terrorist attack by plenty of potential terrorist attack by investigators it does show that her policies still remain controversial to this day. as peter said angela merkel's christian democrats are well out in front in the polls while the alternative for germany party is among those trailing from one party deputy chairman your team paul joins us live now to the program first of all all this plot against the leftist politicians believed to be rooted in germany's migrant policy it's something that's been divisive a deeply emotive but now that it's got to the stage where people's lives are being threatened just because of their politics doesn't it suggest to you the parties
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with fiery rhetoric over migrants and the migrant issue has gone too far. well actually we have a lot of tension in all societies who are now a lot of tension we actually actually never experienced before and this is to do with my my question is why is this we still have the migration to isis. germany you see a lot of sexual harassment committed by forward coming from afghanistan coming from pakistan coming from countries and there is a lot of tension or society where now but. the other thing is is that media has its terrorist media corporations i'm not attacking angela merkel. yes they shouldn't as they should as critical media and as far as one reason by is
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why the party is quite good why are now although that's not necessarily crediting german voters with much independent thought they are really just a few weeks away from the election it still seems that voters prefer. hand on the rudder when it comes to all sorts of things not just migration rather than parties like yours. well. you actually shouldn't have in mind how hard he is. also by it is to have at least media there's. actually no will positive news coverage of a party at all and we have a leftist influenced video this is not only if you ask journalists what their. parties today are supporting you have a coalition of mean and because the city you'll notice the is now also seeing less botox and social democratic voters there
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is a constellation we never had before in germany of course even though i go to michael during one of the polls of the barman it would be pretty dangerous if you just rested on her laurels whoever ends up in the bundestag a few weeks from now has to do something to address the divide in germany over refugee policy have a migration generally not just germany but in the wider view what are they going to have to do come september the twenty fifth. can you will be to last question please who are and whoever ends up in the bundestag after the election no matter how popular merkel seems to be in the polls now something's got to be done because germany does feel divided at the moment what does need to be done to tackle refugee policy. well actually. there's a few coming all what needed to be mediterranean sea and this. has to be close has to be closed i just recently visited. each other in
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cities where the migration crisis is. very migration quizes. you can you can see the migration crisis every all of the places waiting to get to the farms to get to germany and this is also the sting which is not covered by all media server so it's clear to this we northern africa and from. all over the middle to see has to be closed as soon as possible ok i appreciate your thoughts on this thanks very much for temple from the alternative attorney party thanks for your time. following the terror attacks in two spanish cities the country's interior minister has admitted the existing flaws in security measures and that the alarm should have been raised after a blast the day before the atrocities. it is possible some checks were not made in
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this case and we will have to determinate how we can avoid this happening again the spanish interior minister was discussing they're promising a review of procedures and that's because he says they need to look at exactly what the controls are and if those controls need to be changed one of the things they will be looking at is how this terrorist cell in spain was able to get hold of bomb making equipment including one hundred and twenty gas canisters without reading any suspicion or tool with the authorities now the spanish interior minister then went on to talk about the a mom whose remains were found in that house which exploded the day before the attacks in barcelona and cam girl saying that in his mind that there were no suspected links between that a mom who's of moroccan origin and any radicalized groups now that is in complete contrast for what we've heard previously from belgian officials who actually say
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that that in more of a moroccan descent was actually flagged up by elders of a mosque in belgium when he was preaching there the elders concerned about the type of preaching that he was making saying it was radicalizing and polarizing the people at that particular mosque so the question about whether those concerns were raised to the authorities at the time and if they were whether that was then passed on to why you're thora to a larger database of people who are watching potentially people who are radicalizing others now the spanish minister will meet his counterpart elated today from morocco to discuss possible cooperation. with the security between two different countries but the big question remains is that house that was exploded the day before the attacks in barcelona and campbell if the police had recognized early enough that this house. explosion was not caused by
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a gas leak which was initially suspected but actually was caused by an explosion of bomb making equipment whether that then could have potentially allowed them to break this terrorist cell down stop the attacks the next day and potentially save many many innocent lives. the taliban says it's behind an explosion in the afghan capital that's left five people dead and several more injured the suicide bombing at an area near the u.s. embassy and a number of other diplomatic buildings in kabul journalist as the details. we know from kabul police. suicide attacker who had explosives in his backpack was identified by a guard at the new kabul bank almost twenty to thirty meters from a suit square a little bit more from the u.s. embassy would sexually quite forty five and have really protected and he managed to detonate explosives this was a very crowded area this is
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a main draw people who are waiting to get paid ahead of the mostly government soldiers in the initial stages kabul police believe there was a one or more suicide attacker who could have god inside the bank obviously that would have been a very deadly attack if that had indeed happened and this is an area that is very much central there's a lot of security outside of the u.s. embassy the actual u.s. embassy is quite well protected and a lot of the transportation for u.s. diplomats and officials is by helicopters because they fear these sort of attacks the people of afghanistan don't feel safe in cities in villages in districts in the highways and unfortunately i think that's the challenge for the afghan government and its western allies to really deliver on providing security tuesday's attack
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comes just a week of course after donald trump announced his new war strategy for afghanistan we will also expand authority for american armed forces to target the terrorist and criminal networks that's so violence and chaos throughout afghanistan organizations like the taliban or i saw in afghanistan sometimes called i ask a these organizations don't send e-mail they send messages like this and there's no question there's a link to what trumps just recently announced with a new program you know. somebody but there's something else you've got to look at those world is a trump has made he has pinpointed one of the big problems that his campaign will confront which is the role of pakistan he's threatened pakistan to withdraw one billion dollars of aid if it doesn't get into line and his own government forces don't crack down on both afghanis and taliban pakistan taliban on the border and that's key to really winning anything so if that was to happen if the pakistan
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government actually did crack down on the taliban on the border you can assume that the pakistan taliban would be much more galvanizing much more supporting of the afghani campaign in afghanistan against u.s. coalition forces so i think there could be a message in the attack against the diplomatic community or the american today. we spoke to some people in afghanistan about what they think of the u.s. presence in that country. american and afghan forces carry out operations that sometimes their intelligence reports are inaccurate civilians including women and children get killed. there was a doctor is of course sulu is hit by a drone strike and another was on his way home when he was killed. by one of the u.s.o. curation. schoolboy they shot him dead later they said they had killed it. before they left they blew up the entire building one of the maybe negative. effects of
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this truck strategy is that showing that he's an enemy will by taking the fight to . at that same time also see just what this could lead to. scenario whereby isis would completely join forces in afghanistan and if that happens that could spell all right how thick the strongest storm in over a decade has ripped through the u.s. and claimed more than a dozen victims but some are using it to take a dig at political opponents the details after the break.
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coins for trust it's a mathematical formula. think about all the institutions in your life that. you trust people on the road are going to be crashing into you. professional you hospitals working. third parties all day long but point is the first international currency doesn't require trust it just requires consensus. every ten minutes the protocol would you not be buying it. if you're getting fabulously wealthy you're watching central banks collapse a supporter i like about it i mean wealth comes and goes and watching central banks crawl under their desk and pee themselves and cry that's what i like.
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all over again the devastating floods in the u.s. state of texas are now thought to have killed fourteen people as the area continues to be pounded by tropical storm harvey it's been downgraded from a horrific and but it's already affected hundreds of thousands of people the city of houston is one of the worst hit floodwaters there continuing to rise the damage of the storm is still to be fully assessed but it's already being compared to hurricane katrina back in two thousand and five president trump is now heading to texas to be briefed on the relief efforts. but shockingly for some the disaster has a political angle one twitter user praising the floods for cleansing texas of racists others are glad that trump supporters could be affected and some said voting republican could have brought this on texas political analyst charles alltel told us that in the face of the tragedy the nation should be united not divided. texas first of all is not a state that is one hundred percent white by any stretch the imagination there is a large minority hispanic population there is
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a large minority population in texas this is a natural disaster it has caused untold suffering we still don't know how much damage is down there yet you know this is a time where people should really be coming together blaming a natural disaster of somebody because his or her political view views is stupid basically i was here in new york on september eleventh two thousand and one the outpouring of love and support. a true help from around the world not just from the united states to this rich city a man out there was a spectacular that's what houston needs or through texas needs and we certainly don't need a lessons from supposable leftists that are really just hateful it's hate speech horrible. the first seven months of donald trump's presidency has seen his support slashed by more than a fifth but if you thought the democratic party were making gains on that thank some surprises for you. only seven months into his term and already trump is being labeled the most unpopular president in all of american history so you'd think that
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the democrats would be riding high given the focus and volume of trump bashing i've said over and over again i think he's the most deplorable person i've ever met in my life he's not he lives a lot. he says things that aren't true that's the same as lying i guess president's behavior make i mean as as you point out it's sort of shocking but not surprising turns out that for a lot of americans opposing donald trump does not equal supporting the democratic party at this point only forty two percent of the u.s. public has a favorable view of the democrats and this is translated into fund raising difficulties in july the democratic national committee only raised three point eight million dollars that's the worst july fund raising they've had in over ten years and at this point polls show that for many americans it seems like the democratic party is just all about opposing trump.
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the democrats have a message a message beyond dump trump you know an actual policy message we decided to ask folks here in the democratic party stronghold of new york city policy proposals. i mean specifically i'm not sure oh no. nothing comes to mind nothing now. now. can you tell us one policy proposal the democrats have put forward in twenty seventeen. peach. like hating trump is enough for the democrats to to win on. now i mean they have to have something to back it. up with something is the stupidest thing you could have actually you've got to come up with something come up with solutions to the country they don't have a message they have a message that trump is evil and anybody who supported trump is evil and frankly that doesn't sell i don't. i think most americans think of themselves in those terms even if they don't particularly like trump and i think the democrats are
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coming across as having no ideas no solutions betraying their traditional working class base in favor of identity politics and it's not doing them any good it appears that fueling anti trump sentiments is not really a solution for the democrats if they want to win the voters trust they need to emphasize what they stand for not just what they stand against mop and r.t. new york. a number of political leaders around the world have slammed the u.s. sanctions imposed on venezuela last week the restrictions have been branded a financial blow and a violation of international law on monday china get its reaction the experience of history shows that outside interference or you know article sanctions will make the situation even more complicated and will not help resolve the actual problem the u.s. sanctions applied on friday target any financial deal struck with president maduro the government as well as with the venezuelan state oil company experts say the
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sanctions could send the country further down an economic spiral and cause rampant inflation however one the multinational investment bank is managing to dodge the restrictions of goldman sachs is said to be the only company on the list that is exempt after its controversial decision to buy almost three billion dollars worth in bonds in venezuela's state oil company in may the move was seen as an attempt to supply fresh funds to mature road government but goldman sachs denies the allegations saying they made the investment because they believed in a brighter future for the country but latin american studies professor daniel schorr is convinced that the financial elite are pulling strings. you know how hypocritical that the u.s. government is supposed to be couldn't be known as well or one of the largest us banks. so do whatever. their profit margin is the front page news stories in the mainstream media always speak to him in any country serious in a sovereign way outside of the us so you see these banks are inventing the
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sanctions because they can profit off of venezuelan markets open as well and it shows their who's in truly interim in the us economy they've been. doing it here so the wires that it surely are controlling us car is in the president's and as well as foreign minister has been speaking exclusively to r.t. about the tension between the countries he believes that it's the opposition in venezuela that should shoulder the blame for the new u.s. sanctions. are going to have the most natural reaction of international organizations like the un it would be to recognize that the sovereignty of our country must be respected curb attempts of interference of the internal affairs of venezuela and refrain from adopting a policy of you new lateral sanctions that violate the principles of international law. so that you understand what kind of opposition we have who have been lobbying going to washington to achieve those sanctions against venezuela know they are
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trying to convince the people of venezuela that the sanctions are the fault of president ma durham this is completely absurd and the world must know this. belgium is demanding compensation from israel have to the authorities raised six new funded schools in a village near bethlehem last week the children now have to study intent or outside . the soldiers came and started shooting in the air throwing grenades at people and then they started destroying the school and as i feel so said that our school has been destroyed. i'm so upset because they raise our school i love studying so much one day i want to become an engineer as i mentioned the cabins which were meant to serve schools were donated by the e.u. as well as all the necessary educational equipment the main aim of the project was to provide local children with an opportunity to get an education near their homes the nearest school is now an hour's walk away from where they live. a belgian one
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of the countries behind the educational project has condemned the destruction calling israel's move acceptable of the project was to meet humanitarian needs and was in keeping with international humanitarian law traveled to the affected village the night before the new school year started israeli bulldozers arrived here on the outskirts of the palestinian city of bethlehem to demolish seven caravans at recently been erected as a school for some one hundred bed when students from the area now this was one of fifty five schools in the area that had recently been given a demolition orders but the difference here was that the demolition order came the same night that the school was destroyed there was some bombs there was tear gas and the solution has been this tent that was put up to try and accommodate at least some of the children so they could hold classes. when there is a strong wind we get cold we have classes in direct sunlight some of us might get sunstroke and get sick and one gets cooled or people get ill too what kind of
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middle of the love to believe in nuclear kids from a village was so happy when they had a school and when it got destroyed they were very upset the kids used to love going to school they were so enthusiastic about it and now they're asking all the time why do i have to study in a tent the children need water bathrooms and there's nothing like this in this so-called school the situation inside the tent is extremely cramped there are four classes that are happening simultaneously now and most of the students are not in care they've been sent to a school that is around ten kilometers away and as you can well imagine that is a far distance for children this age to look and many of them say along the way they are often accosted by said here's a quote actually you know we generate from council in the first quarter of this should mean she spoke cases of schools like this being destroyed by the israeli
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army. i did outside bethlehem we got in touch with the israeli authorities who told us that the schools were built without the required planning it dimitri delhi on a who's from the fatah revolutionary council says there's a shortage of not only schools but also hospitals and housing due to israel's reluctance to give palestinians construction permits this time talking about free schools but these are not the first three schools or hospitals. suffer from the same thing our economy suffers from suffocation israel has by international law the responsibility of billu schools they do not build schools. and at the same time they don't give permits to build schools. nor nor houses we have shortage in the hospitals because israel doesn't give permits to build hospitals and at the same time they are building freely on our land schools for israeli settlers who are
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illegal colonial settlers on our land and they're free to build their schools. a crucial part of a bridge that will connect mainland russia and crimea has been installed by russian engine is almost three hundred meter long railway arch is in place about thirty five meters above the coach straight construction engineers had to work on a very slow pace due to the immense ways of it taking them twelve hours and needing a dozen lifting systems it said to be one of the most ambitious projects in modern russian history crimea bridge will have a four lane highway and a two lane real world and it's expected to be fully operational by twenty nineteen . we've got some amazing panoramic three sixty video for you all to tell you all about how it was built i'll be back here in just about half an hour for your next news update.
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i'm lindsey francis's boom bust broadcasting around the world right here in washington d.c. tonight oil and gas price is response to hurricane harvey as it hits the gulf causing evacuations of oil. forms a shutdown of facilities and some supply lines wiped out also crypto currencies are in the hot seat in china and canada it's a sector still operating in the gray zone some want it to come out into the light and some want it to be outlawed even as big corn has been a millionaire overnight and artificial intelligence and the sharing economy my gas
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details crowd based capitalism here in the united states around the world stand by right now. the widespread devastation of hurricane harvey which hit texas over the weekend has dealt a devastating blow to the state's refinery rich coasts about two point two million barrels per day of refining capacity is projected to be brought down according to analysts at s. and p. global now key facilities along the gulf coast are temporarily shut down drilling platforms and rigs are evacuated and flooding in the houston area has seriously supplies many shipping capabilities have been taken out even before harvey hit the
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prospects of supply disruptions and gasoline futures to one dollar seventy four cents a gallon the highest level since april retail gasoline prices push the national average up to two dollars thirty seven cents a gallon analyst for gas buddy predict that the dominos are starting to fall and it is slowly turning out to be the worst case scenario. the euro has reached its highest level since the beginning of two thousand and fifteen it rose to one dollar nineteen cents from one dollar eighteen cents after a speech by european central bank president mario draghi at a meeting in jackson hole wyoming analysts predict that the e.c.b. may announce eighty. papering of quantitative quantitative easing at its september seventh policy meeting euro strike can hurt shares of exporters because it can erode revenue made overseas the euro surge pushing lower shares of exporters across europe today gold to hit its highest in more than one week as we watch the euro
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plunge ahead as u.s. gold futures were appoint three percent at one thousand three hundred one and ninety cents also president donald trump made threats to scrap the north american free trade deal and then express disappointments in meetings but that's trade partners canada and mexico which further supported gold price this comes as british officials arrive in brussels hoping to push the e.u. to talk it breaks it to force the e.u. has refused to accept before talking preach transition issues such as expatriate rights. with every generation new technology has made life easier in the washing machine to the car however when we talk about new technology invariably the topic leads to drops protections for workers etc joining me to discuss this is aronson dora dodd professor of business at new york university and author of the sharing economy
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thank you for joining me on this now in your opinion is there any real limit to what an ai could do for businesses or for society is for is not only making making it more our lives more convenient but also helping you know expand the type of jobs we have. well we're certainly going to see a great deal of advancement in you know convenience and comfort because of artificial intelligence and robotics. to be solving the problem of perception being able to see what's around you and make sense of it and of natural language processing in able to communicate like humans and so across a wide range of both businesses and in the household we're going to see a lot of convenience but in many ways every generation that has this kind of revolutionary for their time technology. like you know enjoys the same kinds of
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benefits and so the dishwasher or the washing machine were received but the same kind of joy you know our intelligent agents are being received today. was unfair that ai could be the death of the american worker but rather say that it will actually bring in your arms even as it replaces workers what do you think about that because obviously if it replaces jobs there's going to be some lag time there and people don't have time for that sort of talk right now you know well lindsay it's going to be a little bit of both. you know there are certain kinds of jobs that are going to see a steep decline over the next ten to twenty years jobs in retail jobs that involve driving jobs and things as sophisticated as financial compliance the combination of robotics and is going to render a lot of these jobs done by machines rather than humans but you know again like you know one hundred years ago forty percent of the u.s. workforce. was engaged in farming in some way today that number is under two
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percent the machines replace the humans there the machines have been steadily be placing the humans in the manufacturing sector in the united states and so. you know as these jobs are destroyed new jobs are created because new industries are created things that used to be informal become formal new human aspirations are met you know if one hundred years ago there was no tourism industry to be employees eight percent of the world's population two hundred years ago there was no health care industry today it's twelve percent of u.s. employment so it's going to be a destruction of a lot of today is jobs but a creation of a lot of new jobs because new industries the new capabilities come along well it's look at china it's pushing hard on ai technology it wants to become a world leader by two thousand and thirty probably sooner than that if it can swing
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at how the u.s. compared to its development versus a i in china. well china's certainly got one big advantage today which is that there is a centrally sort of a government coordinated effort to become a leader in the next decade sort of in the same way that there was a concerted effort to win the space race in the u.s. about fifty or sixty years ago but as in the united states a lot of research is happening in pockets of universities that companies like google so china is almost certainly going to be the world leader in artificial intelligence overall but there are going to be capability is that the u.s. is going to be ahead of the rest of the world and simply because we've got the deepest bench of academic researchers and the deepest bench of industry researchers who are individually sort of like you know top of their field in different sort of slices of. the thing that makes me think about china and sort of
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like you know more saliently is the fact that. you know china employees more than any other country in the manufacturing sector that over eighty million manufacturing workers in china you know at its peak the u.s. which was the largest manufacturing base in the world at the time had twenty two million manufacturing workers a lot of these jobs are going to be automated over the next twenty years and so on the one hand while there are big investments in body x. i think that it's imperative for the chinese government to also start thinking about transmission strategies mid career transition strategies that will allow the people who are currently employed in manufacturing and even some services to be able to sort of leapfrog well to the next generation of work as and when that's created. well let's take a look at some information we've got here this graph we see that while. you know
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many factory jobs are on the decline since the ninety's you and i talked about that as you point out the health care industry. has been thriving those are big numbers we could see a similar pattern in new jobs and industries would thrive and grow as a i you know becomes more common and we start counting for them in our economic models as i mentioned there's going to be some lag time but what do you think the jobs that are going to continue to be secure i'm guessing it's sort of you know bedside manner with with regard to health care and things like that what do you foresee. the pattern that i've seen through history. is that things that used to be informal become formal and so health care used to be something that was done a toll. as we thought of me to farming and as we sort of got beyond the point where we had to spend all our time protecting ourselves and feeding ourselves that emerged as an industry so i certainly think that there's
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a tremendous amount of growth potential in the care industry i certainly see a lot of potential for growth in the education sector right now education while we've made great strides in the last hundred years is still higher education is largely sort of for a small slice of society with the technology is i think it will become a lot more ubiquitous it will be something that you can access the different points in your life and i think that this will be a bit of a big growth engine. but i also think that there always is more and more human aspirations that. the things that occupy our time to be can all be posts you. there are challenges to the planet in general climate change you know threats from outside. that could potentially take up a lot more of our time if we shift away from more spending time on now so i have no like you know i talked about this in that article that you sort of pull the graph
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from that you know the future of work has always seem bleak to the people who are seeing the technological change they look at the machines and they see well if the machines do what we're doing now what are we going to do but if history is any indicator and they also always see well this time is different now because the technology is a whole day that they say that light a lot worker protections and things like that but if workers have new jobs the fight to protect them is on and important obviously to fight that that's no argument for not pushing forward with technology at least in my opinion and i'm sure you know a lot of people one of the things i've got a question about is in your book you take detail you know the sharing economy and how it comes into play you even talk about when you wanted to take your daughter to school and you noticed all of these cars on the side of the road you live in a big city and you're saying i wish you could just borrow one of these cars and now you can how is the sharing economy feeding into this in a very rapid rate. well i think the fact that the sharing economy is changing what
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it means it's changing how work is organized and so because of platforms like. the labor platforms like poor even sort of platforms for lawyers like a consultants like cattle and what we're doing is we're taking the traditional full time job and we're breaking it up into projects each of which can be done by a different people. different. the need for company is. the need for full time employees. the reason why this is important when you're thinking about automation is that if the book is broken up into. automating a couple of. automating and then job and so the sharing economy and together that's what we have to look at if we really want to predict the future the work very interesting to hear thank you so much erin sadar john
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professor of business at new york university and author of the very interesting book the sharing economy thank you. we're going to go to break now stick around because we got that groundbreaking cancer treatment company has been bought by golly it's scientists important to watch there and cryptocurrency it could face a crackdown in china and elsewhere as we go to break here the number of. coins for trust it's a mathematical formula. think about all the institutions in your life that require trust you trust people on the road are going to be crashing into you. as
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professional hospitals working in the trash third parties all day long bitcoin is the first international currency that doesn't require trust it just requires consensus. every ten minutes protocol and why would you not be buying a protocol if you're getting your watching central banks collapse. comes and goes and watching central banks crawl into their people. themselves and cry that's why i like. here's what people have been saying about rejected in the sense that it's full on. the only show i go out of my way to lunch you know what it is that really packs a punch oh yeah john oliver of r t america is doing the same we are apparently better than the blue. sea people you've never heard of love the night president of the world bank so take the word. seriously send us an e-mail.
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with a post that was. just before. last time we chased. each one of them carrying twenty kilos of drugs. first offense. they just stepped right. into the three we have made the money. they have. this is for me. it will be a well i don't know maybe they don't make or. break
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right. now more. philly and scientists will pay eleven point nine billion dollars. and cash for that company to buy pharma and plant a stake in an emerging area of cancer treatments that train a patient's immune cells to attack tumors the shares of twenty nine percent to one hundred seventy nine dollars fifty cents in early morning trading on monday after the deal was announced its stock rose sixty six cents to seventy four forty five kids potential treatments including one for the blood cancer lymphoma that could receive u.s. regulatory approval by later this year called cart see this type of therapy
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includes removing immune cells from a patient's blood reprogramming them to create an army of cells that can zero in on and destroy cancer cells and then inject them back into the patients daily it has developed top selling treatments for hiv and the liver destroying hepatitis c. virus the deal helps establish the iliad as a leader in so-called cellular therapy. on friday president donald trump issued more sanctions on venezuela that decision got a negative reaction from embattled president nicol nicolas maduro government but now some of that as well as allies are coming to the country's defense. has got more on that for us. trying to pick up the pieces here all next particular case we're talking about trying they sort of have a two part argument here on one hand they think these sanctions are simply not
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going to work and on the other hand perhaps more importantly they think it could make the situation in venezuela even worse and make their venezuela as relationship with the u.s. also work so they don't have much faith in sanctions days after the white house announced more sanctions on venezuela the chinese government came out in support of its close ally and beijing made it clear it doesn't have faith the sanctions will have any impact whatsoever. during a press conference on monday a spokeswoman for china's foreign ministry said the present problem in venezuela should be resolved by the venezuelan government and people themselves the experience of history shows that outside interference or unilateral sanctions will make the situation even more complicated and will not help resolve the actual problem considering the close ties between both countries the comments aren't too surprising earlier this month china defended venezuela's constituent assembly
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saying it was quote generally held smoothly those remarks stood in stark contrast to those from the u.s. and europe accusing the assembly of severe or voting irregularities and part of that is due to the business relationship between venezuela and china especially work concerns energy they currently have an oil for a loan deal venezuela hasn't been able to keep up its end of the bargain in fact the shipments are behind schedule and china is owed over sixty billion dollars despite the setbacks relations are still strong right after those sanctions were imposed by the u.s. officials from venezuela immediately traveled to china during that meeting both sides began working on a new investment fund to offset the boy that the u.s. government is trying to expand venezuelan president nicolas maduro ordered state run firms to increase the ratio of shares held by chinese investors ok so they ran to china these sanctions that different from the ones previously brought on
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venezuela yes so basically the difference between these sanctions and previous ones are just the scope of the target initially the sanctions were attacking president during his inner circle and you know the relations that they could have with people in the u.s. with their business opportunities but this time it's basically an attack on venezuela's economy so essentially in the entire country instead of just his administration and american businesses cannot give money to venezuela or their state run oil company and of course the into. and there is if the approach is a default they would have a harder time raising cash that so you know on top of that of course we know that. verbal expressed that he would be open to military action that was of course not in the official sanction statement but he did say that he would be open to that which is why then as well as taking these sanctions even more seriously than before these ones are a bit harder aside from china though if any other nations come forward to support
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in this way i mean i can imagine it's just one yeah if you are china it's great to have on your side in a pinch. it's certainly not just china in fact the former heads of state from spain the dominican republic and panama recently got together and formally condemned the sanctions said basically the same thing as china that one they're not going to work and they're just going to make the situation harder to deal with and approach in the future and i mean in terms of south america countries have been kind of divided but we've seen pretty solid agreement in the caribbean nations to support venezuela so it really different throughout latin america but then at the same time you have the organization of american states which include many latin american countries and they have come out many times to keep issuing sanctions on venezuela because they want to right and so we're also looking at a situation with civilians where a lot of the allies evidence available say yes but this is going to trickle down to them to nicholas materials because government has got such
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a strangle hold on the power there nothing's going to happen is that right yeah i mean he right now there's nothing the outside forces feel kind of powerless so that's why they know they have to go right after the money they can't say ok well we're just not that we're going to cut off diplomatic ties that's not going to change that's why they're going right for the economy and if they eventually do approach a default which a lot of analysts are suggesting that could mean a lot of trouble for his administration because people there we know are already struggling enough all right thank you so much boom bust brockovich. and michelle coyne offerings on crypto currencies such as big coin may face a crackdown by the chinese government these digital currencies allow anonymous peer to peer transactions without the need for banks or central banks the chinese government has issued draft regulation broadly aimed at illegal financing which it says includes virtual currencies as that calls it now an important detail for the first time illegal fundraisers will be accountable for their own losses couple this
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with stiff prison sentences participating in digital currency funds a used to be punishable by death now with life in prison illegally absorbing public deposits will get you ten years in jail though also crypto currency is massively popular in china vic coin has hit all time highs this year that most recently leveled at four thousand two hundred ninety six dollars the theory of big coin neo like coin ripple stratus and a range of others have created overnight millionaires with many of their creators pushing for initial coin offerings in order to create an exchange. but as china is certainly not alone let's head to canada with few rules and regulations currently in place when it comes to initial court offerings some are worried that if not controlled both businesses and investors may be playing in a grey area where problems may arise artie's in high limits as in toronto with more for us alex both canada and the us are approaching this issue in
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a similar fashion introducing rules on how crypto coins can be used in these terms what can you tell us about that it's big business and we're seeing a booming right now crypto cohens are basically using what we're hearing is called old sword and michelle coin all four it looks like an i.p.o. and what instead of a shares you have crypto currencies which fluctuate like shares so this basically takes the game out of the game because we have all. kinds of rules and regulations when it comes to shares but with i.c.a.o. those this is a bit of a different gray area right now but let's let's go to a couple graphs just to understand just how big this is getting if you look at the first graph here you can see that the monthly i.c.a.o. funding college just skyrocketed month after month this year and then this other graph shows something very particular here that actually i see zero funding has surpassed angel investors and seed capital funding in many areas so the problem is though is the uncertainty with this area so when we talk about i.p.o.'s and we talk
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about shares we know that there is disclosure of that's necessary for companies have certain things that they must disclose there are certain rules and regulations to not only protect companies to protect investors as well so now since this new area has popped up the governments are trying to react to it and they're trying to figure out is this a coin is that a currency or is it a share but the american government has just recently made a decision and it's moving along the same lines as the canadian government we know that u.s. regulatory regulators they use securities and exchange commission recently learned ruled that a major crypto currency was offering which raise a hundred fifty million dollars u.s. last year will in fact this is a securities offering not a currency offering so that really brings that into a realm which is understood by these type of regulators so the question is are they going to do this doing this in every circumstance or are there circumstances where
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this can be viewed as a currency instead of a share what we know the the winkle vi. have been trying to push through the s. the f.c.c. with their crypto currency in keeps coming back and saying look if you cannot protect investors we got nothing for you china as i mentioned earlier a very heavy handed approach but can you tell us a little more about this fascinating and heavy handed approach china is taking. the same concerns we do really and people might get ripped off in this. big scheme of things and the fact of the matter when it comes to trying to look sixty five i see ows this past year four hundred million dollars involved hundred five thousand investors i mean this is happening very rapidly and quickly and there's literally you know they're going to five star hotels people are renting out these huge rooms and they're packed with people wanting to invest into this game the fact of the matter is though that the chinese government saying look this is again something that we're not too sure about we don't want to see things like pyramid schemes popping up from because they know that there could be some type of illegal actions
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that when you're moving into something that is regulated so the chinese government is saying yes we are trying to put some regulations together but they're going as far as to say that they might shut this thing down altogether this type of investment the i c o's that they won't be able to move left or right they're going to shut it down until they can figure out how they need to regulate it properly what do you think about all of these new cryptocurrency spazzing out they want to take you back off the success of that coin that coin is offered for four thousand dollars i'm sure you're aware right now do you think that it's there there drown out that the market only has room for maybe three or four i was wondering about that earlier today i mean look at there it was a big one and that's more business to business but i mean i wish that i listened to my friend that works a google right now five years ago i would have been one very wealthy man the fact that matters it's still a new game out there so who even knows if this is going to last i really like me
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very much sorry about that i got a lot to offer got to go outside of all toronto thank you sir. over greece now it's produced wine for over four thousand years and is one of the top producers but for two long years most citizens have been buying it illegally and two thousand and fifteen greece created a special tax on all white whether it was produced locally or imported the government was trying to generate additional state income but of course prices soared why and that used to sell for about four euros or around six dollars jumped closer to seven euros or eight dollars because the tax was so disliked many turned to the black market wine experts believe that it sheltered more than sixty five percent of all wine sales there is an end in sight though the greek government has now seen the error of its prohibitive ways and is looking to halt that tax by the end of this year. that's all for now check out the show on youtube youtube dot com slash boom bust r t thanks for watching see you next time.
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here's what people have been saying about rejected in the us actually it's pull along. the only show i go out of my way to launch you know what it is that really packs a punch oh yeah it is the john oliver of our two year marriage is doing the same we
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are apparently better than the blue things that i see people. ever heard of. the world bank. headlining right now the german chancellor defends refugee policy security services plan to kill politicians with a policeman among the alleged plotters. spain's interior minister admits the security failure may have allowed a terrorist cell to launch attacks in barcelona. earlier this month. and south korea and japan moved to shore up their defenses after north korea fires a missile through japanese airspace russia's defense russia's foreign minister calls on pyongyang to start abiding by u.n. security resolution.

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