Skip to main content

tv   Boom Bust  RT  May 23, 2018 8:30am-9:01am EDT

8:30 am
it's a power well today's right citizen groups come in several shapes and sizes but almost all of them have some link to why the neo nazi groups a far right ideology. the historical revisionism forms an ideological link that connects various right wing extremist currents and right wing extremists among right citizens use those connections to cause confusion to provoke authorities and to create a social platform for right wing ideology it's estimated that there's around eight hundred thousand of these right citizens in germany and some are allegedly preparing for a day when they'll rise up and take their country back but these aren't just hollow empty threats eighteen months ago a policeman in bavaria was killed during a shootout between officers and a member of one of these or right citizens' groups the number of these people is significantly significantly increased acts of violence towards
8:31 am
a public official still eastland has increased in number if the numbers go on to increase if these fever really used in them selves for a tosing in resisting public will so reduced then indeed it is a challenge for the state opposition politicians have accused the government of trying to sweep the extent of germany's problem with far right violence under the rug first the federal government explains the right wing terrorist groups can form spontaneously and have a strong digital network but then many of their actions are not counted as right wing terra fences the impression is that the federal government consciously accepts blind spots in the recent past berlin hasn't pulled away you from publishing intelligence findings that showed as many as seven hundred radical islamists could be in the country and a capable of preparing a terrorist attack but it does seem that they're less forthcoming when not threat potentially posed from elsewhere we now are facing the end of less being
8:32 am
intellectual dominance and culture into legally gemini and under system bred a lot of growing right thing populism of course right in the radical right wing extremists. protected the german state district do their bit of the power in. germany has very strict gun control laws thankfully gun deaths are rare occurrence here but perhaps one way to keep it that way would be to not allow people who the government considers a threat to the public to have access to firearms peter all over r.t. believe. although the threat posed by right wing extremists in germany is reportedly increasing the government's say the overall threat level from the group remains relatively low. so after eighteen years don't be evil is seemingly no longer part of google's main flaw sophie the slogan has been removed from its code of conduct but the changes were only noticed among for later this
8:33 am
comes amid outrage in a company over its involvement in a u.s. military program artie's john don quarter takes a closer look. don't be evil a rule you'd think most people might try to live by right the folks at google certainly thought so for the first eighteen years. don't be evil google is generally apply these words to how we serve our users but don't be evil is much more than that until that is they quietly removed probably the most famous phrase in their corporate philosophy and now it's a bit more vague striving for the highest standards of ethical business conduct and we all know how ethical business can be here's one example of google's interpretation it signed a pentagon contract in march to help the department of defense create artificial intelligence tools for drones to attack and identify ground targets all without human operators being involved me project maven technology is helping human
8:34 am
intelligence analysts fine objects on video feeds from drones you know it's kind of like a facebook photo when you upload a photo in to facebook facebook able to identify which of your friends are in that photo project made in the same thing google staff and ai academics were shocked with thousands signing a petition protesting the firm's militarisation. we believe that google should not be in the business of war therefore we ask that project may even be cancelled and that google enforced a clear policy sitting that neither google nor is contractors will every build were feared technology google's not the only tech to get a pentagon paycheck i.b.m. and the computer graphics for nvidia are just too which have worked on military projects still google balsa see nothing out of the ordinary with project maven. we have long worked with government agencies to provide technology solutions the
8:35 am
specific project is a pilot with the department of defense the technology flags images for human review and is for non-offensive uses only google claim. it's a i won't be used to kill but it doesn't workers who resigned over the contract aren't convinced the ethical question now is whether it's the weapon or the brains behind it which does the killing don't be evil i always thought that it really meant don't be evil yet because of course as google becomes a very powerful corporation on one of the most parcel in the world and plays a such an important role in the development of new technology inevitably they're going to be drawn into some very big and evil things like war like autonomous weapons and there's a lot of pressure on the high technology sector in the us right now to contribute to the military. and i think that many of the google employees don't agree with
8:36 am
that it's interesting to see that story will be playing out well we have asked to comment on the code of conduct changes but the company is yet to respond we'll bring you more on that as soon as we get it a foreign investor program in the u.s. leaves people out of pocket soon with a decade to wait for citizenship would expand the shortfall after the break. we've all gotten used to but the media hatred and the president returns the favor in kind how is this mutually charged hate fest changed media and journalism does the corporate liberal media report the news anymore and is a journal a big profession in the service of partisanship. i've been saying the numbers mean something they matter to us is over one trillion dollars in debt more than terms like our foreign capital each day. eighty five percent of global wealth you
8:37 am
want to be ultra rich eight point six percent market so thirty percent is one of your some with four hundred to five hundred three per circuit for sure and one rose to twenty thousand dollars. china is building two point one billion dollars a our industrial park but don't let the numbers overwhelm. the only numbers you need remember it was one show you know for a minute that one can only be. welcome back u.s. army general joseph that tells says america will now shift its focus in syria to stabilizing the region and monitoring dangerous pockets that are left now despite president trump saying this month that the u.s. would be pulling its troops out of syria very soon while the u.s.
8:38 am
decides whether or not to stay in the region a survey of arab youngsters in the middle east suggests the majority view the u.s. as an adverse or if it also concludes that russia has cemented its position as the top arab ally iran galatea looks at how america's strategy has failed to win hearts and minds. you can see why trump wanted a new middle east strategy the old one wasn't working allies unhappy people aren't waving american flags forecasts failed remember for instance when they proclaim that syria would be russia's and a new of kind of star russia will continue to. send troops home. in body bags these are hard lessons that the soviet union had to learn in afghanistan you have to dig back into ancient history to see how this is going to play out for the russians turned out it wasn't it was killing jihad ists and
8:39 am
terrorists isis al-qaeda and all flavors there of pointing case take this poll every year it are six arab youths who their biggest allies are in two thousand and fifteen america was voted second friendliest country by arab youth now it's eleventh russia is fourth despite or perhaps because of its intervention in syria but that's youth what about the older folks turkey is an ally obviously a strong partner certainly with respect and a friend. and a friend of the united states in a very turbulent part of the world. of america i told you many times you are either with us or all of these terrorist organizations are disaster the united states is barely on speaking terms with a nato ally turkey they're withholding weapons there are syrian kurds the white
8:40 am
b.g. who a turkey's sworn enemies this friendship is dying and turkey thinks eat can unite and need the muslim world especially after trump stunt with moving his embassy to jerusalem that robida almost everyone. the wrong way condemn the u.s. decision on jerusalem because of its great bias against the historical and permanent rights of the palestinian people see the united states the solution to recognize jerusalem as the capital of israel is a dangerous one it will threaten security and stability and frustrates efforts to resume the peace process with trump leading allies moscow is making inroads with ankara now turkey russia and iran gather regularly on syria and trump isn't being invited but they at least friends still buy american guns right
8:41 am
beside historic agreements with the kingdom this landmark agreement includes the announcement of a one hundred ten billion dollars saudi funded defense purchase. and we will be sure to help our saudi friends to get a good deal from our great american defense company that was trump boasting before saudi arabia saudi arabia america's chief ally in the middle east declared that it is buying russian s. four hundred missiles which turkey is also doing that's a new low for us policy and things aren't looking up you can bet there are no one filled russian bass or ships in countries that matter it's moscow as they are today almost unbelievably vacant american posts in egypt jordan libya could tar saudi arabia syria turkey and of course iran where we have no embassy america's policy
8:42 am
has been simple divide red versus blue shia versus sunni friends versus enemies problem is the world isn't black and white there are grays greens browns and purples. which washington needs to recognize to talking here about states or a region that has been heavily dependent on the united states in pretty much everything defense economy cars technology everything and now people are thinking you know this is not reliable anymore this is not an ally anymore this is becoming more of an adverse or definitely a shift or the huge shift in rhetorically tween the obama administration and the trumpet ministration has played a role to agitate people but we need to understand that the policy that hasn't been
8:43 am
much change. thousands of people taking part in america's immigrant investor program have been left without money and visas maginot red tape the e b five program was created in the ninety's it enabled wealthy immigrants to become permanent residents in the u.s. by investing in business is there here's how it works. the u.s. of a the steel heart of the capitalist world and locomotive of the free market about a million people a year try to reach the land of the free there's even the annual green card lottery to boost the diversity of these are winners whether you're a scientist engineer or a political refugee everyone gets an equal chance to make it or do they there's one type of visa that's been spawning a ton of controversy lately the e.b.e. five it came about in one nine hundred ninety and meant that you could get residency if you invested at least a million dollars and employed at least ten americans in u.s. based jobs if you chose a high unemployment area you only need part with half
8:44 am
a million although that sounds like something donald trump supporters could get behind some of the investors themselves are losing out and going nowhere thousands and thousands sign up and pay up the monies then shunted around various funds jobs are created in the money's paid back with interest the thing is only ten thousand e.b. five residency visas are given out per year it's not vital point to get buried in the t. and cs because their money is pulled with many others they want to see a cent of it back until everyone in the pockets of these are the unwitting foreign investors have provided a gold rush for unlicensed brokers and potentially shady business practices including a firm controlled by donald trump's son in law which now has regulators all over it eager investors are still likely to leap in but the backlog to actually get that residency visa currently means of weight of over ten years so if you're waiting for your t.v. five green card thing in there just don't make too many plans for the next decade. most of the investors on the program are from china but numbers have reduced
8:45 am
rapidly over the last two years people from other countries are also being affected as quotas are reached law professor douglas later witz thinks the issue could even hit the u.s. china relations. now what happens is the way that the documents are created the chinese cannot get their money back they cannot get repaid or interests and still they everyone in their group has been approved for permanent residence which can take over ten years so the money stays in america and it just spins there away from the chinese destroyed it so many levels at the level of the immigration lawyers that are going over to china and assuring these people that they can get their temporary citizenship at the level of the regional centers which are going over and putting on these big shows at the level of the chinese finders we're placing these
8:46 am
securities with chinese people there are a lot of angry chinese and one has to wonder if that's the three of us china relations will be about with all the latest headlines and just over half an hour here that. in some american cities the police have built themselves cling to reputation people who walk on the streets of the united states who are at risk from the very people who are supposed to protect that were people are no more afraid of the police than of us in the us. you can see something happening this is
8:47 am
like i don't want to call the cops let that happen rather than call the cops into those young black men lose their lives chasing the with their fingers on the tree. you never know better safe than sorry i don't know that someone else is going to run so. unfortunately around and around here we end up playing our guns on the dance told from such preclusion this place to. this is boom bust broadcasting around the world from washington d.c.
8:48 am
i'm part thank you for joining us coming up today on the program we talk about the china and u.s. trade war with author and international investors jim rogers and alex my hyla vich looks at the enormous amounts of energy use for mining crypto currencies plus the president of the u.s. cuba trade and economic council john cavil helps us take a look at the new leadership in cuba and how the cuban economy is doing all that debt ahead but first let's get if you have. the supreme supreme court of the united states has ruled that arbitration clauses can be used to prevent workers from taking collective legal action against their employers the five to four ruling written by chief judge by justice neil gorsuch president trumps nominee to the high court effectively overhauls the terms of employment for roughly twenty five million workers in the us preventing them from bringing class action suits a critical tool for individuals harmed by general patterns of employer abuse and
8:49 am
the absence of class action as a remedy any of the twenty five million workers seeking to sue their employers would now have to file a separate legal case on their own and assume the cost and risk as individuals just . ginsburg read her dissent from the bench on a rare in a rare strong disagreement the result of the new precedent she wrote will be a huge under enforcement of federal state statutes designed to advance the being of wellbeing of vulnerable workers in other business related arbitration news hoover is facing their first sexual harassment discrimination lawsuit after rescinding their policy requiring binding arbitration for individual cases which they announced and we reported here last week to be clear still requires that all class action suits be yours all through arbitration the former uber software engineers claim that she was sexually harassed paid less and suffered retaliation when she expressed her concerns about corporate culture and related news nine members of
8:50 am
congress wrote to oberon monday demanding more information on how hoover handle sexual assaults that occur in their employees vehicles. and more positive gender and business news the new york stock exchange is welcoming their first woman president stacy cunningham the appointment was a promotion for ms cunningham from her previous role as and why ses chief operating officer is coming hands assumption of the n.y.s.e. presidency also makes it the second major exchange with a woman as president after nasdaq where friedman took over in january of last year miss conning hamm is credited with merging n.y.s.e. s former five trading platforms into one universal system outgoing president tom farley who i know i've respected for years took the reins of n.y.s.e. after the intercontinental exchange purchased the trading platform in twenty twelve mr farley will be moving on to become head of far point a private investment firm and we wish him well.
8:51 am
here discuss u.s. china relations and a full on trade war could it be avoided is the author an international investor jim rogers jim welcome and thank you let's cut to the chase here president trump has been shouting about major tariffs on china and china says they're going to institute their own tariffs in response but is that a real possibility or are we just seeing major trading powers blowing a lot of hair hot air what you're to what your take at the moment it's there but and they say they're going to avoid it but bart what's going to happen is later this year or next year when things start getting bad in the world economy and the u.s. economy mr trump is going to have a start a trade war he's got trade war in his blood he's been talking about it for years and the people around him think trade war is good but it will come later one of the
8:52 am
major turning points in this whole story occurred yesterday after secretary stephen the new chin announced that the u.s. was going to suspend china terrace pending the negotiations with china is this good or bad thing at this point given the trump administration's abit of saying one thing and doing the other for example the president was pretty harsh with regard to eat follow his announcement last week that they were going to work on actually lifting. sanctions and as opposed to what the commerce department wanted to do what do you think. well it's always good when you don't have a trade or even if it's just delayed yes this is better than what was going on before but also what has happened bart is this to try to suddenly realize oh my gosh the chinese buy a lot of our agricultural products he won the election because of agricultural states and if he makes the agricultural voters unhappy he's not going to win anything and that chinese have an ace that they buy
8:53 am
a lot of american agricultural products that's particularly true with with soybeans that's our largest export and china is our our major a customer there you're we're absolutely right jim the financial times reported that the chinese had cultivated mr minutiae as sort of their go to person and the meetings that they had yesterday they asked him to stay back secretary minu shit and then ask robert light hisor the. sidelining him the trade negotiator and actually it led to what's reported to we don't know this but reported to be an argument after the meeting between light hisor and mr minutiae with some profanities and a lot of this may just be inside baseball and much ado about nothing but some are asking whether or not this was potentially even bought out by the chinese jim you know let's get in with this guy and then maybe they'll be a conflict or are people just thinking on it too much i hope i mean maybe the
8:54 am
chinese is that smart i certainly don't know but we do know that live houser lad has a very very strong on trade wars he thinks they're good he thinks he can win he doesn't know history and even if he knows that no trade war has ever been good he thinks he's smarter than history. he'll find out yeah history is an important thing you what you want you don't want to only use your rearview mirror as marshall mcluhan said but you you need to look at it for sure last week jim there was a star story we covered it but only peripherally and it was about a chinese state owned construction firm pull. five hundred million dollars into trump hotel and golf course and indonesia and when we covered that we just sort of gave the facts just like the old dragnet series right just the facts ma'am but i'm wondering if you think there's any more to it than just that is that the chinese potentially trying to create some favor with the president. i have no idea if it
8:55 am
happened you should watch artsy t.v. to find out what's going on but if they put five hundred million dollars into a truck project obviously they're trying to trying to make friends somewhere yeah they said it was part of this you know belton road initiative jim and let's move to that a little bit do you think the chinese might be worried about these tariffs cutting into their long term plans for the belton road initiative you know they are making all these great moves with with sort of in a vacuum of the u.s. right with the south america with europe to try to to some extent i guess you could say co-opt them a cynic would say co-opt them into being part of this one belt road initiative but do you think they have that in their mind in dealing with the trade war. well we should all be worried about trade wars trade was have never ever been good for anybody even the people who are not in the trade or have suffered because trade wars have negative ramifications all over the world we should all not just the
8:56 am
chinese not just we should all be worried about trade war all of us except mr trump in a satellite houser and a few other people but trade wars are not good for anybody and they never have that jim. market afficionado watch this all the time international investor and and we do see the markets moving mightily based upon you know every day until with regard to trade wars and positive signs coming in the last twenty four hours markets went up but additionally whatever month that have two months ago when president trump announced this markets took a tumble our global markets not just u.s. markets jim but our global markets strong enough to withstand a frontal trade war if it ends up turning to that. no hope i would pete no one is ever want to trade war trade wars have never been good for anybody never ever in the history of the world so no of markets many markets barter near all time
8:57 am
highs america europe many markets are near all time highs and so they're vulnerable if we have a trade war in the other kind of problem so of course if we have a trade war you should be worried you should be very were you should learn to protect yourself well that's exactly why we had you on to to give that warning and to enlighten our busting viewers we thank you so much jim rogers the author and international financial investor thank you so much for your time jim show of art anytime. and time now for a quick break but hang here because when we return there is an enormous amount of energy being used for crypto currency mining and alex hyla but you take a look with us plus there is new leadership in cuba how's that working out and how is the economy doing john cavil it's the president of the us cuba trade and economic council joins us with the latest as we go to break here the numbers of the closing bell bitcoin is down and soar stocks oil as the only green arrow on the
8:58 am
board today will be right. join me every thursday on the elec simon chill and i'll be speaking to guests of the world of politics school business i'm show business i'll see you then. we've all gotten used to it the media hate trump and the president returns the favor in kind how is this mutually charged hate fest changed media and journalism does the corporate liberal media report the news anymore and is journalists make a fake profession in the service of partisanship. fifty years ago breaking with into a concert going on as a sleeping pill does this is what i believe because i had to share this thought the
8:59 am
side effects were terrible but not on known as sean indulge one for. the warm welcome of across europe victims are starting legal battles demanding at least some compensation. in two ways first will the physical damage itself as well that the constant reminder that the people who actually perpetrated this crime has never been able to justice and there has been a couple of. them that i'll add here that. much as you see it that is all. the muscles. they are allowed them to get outside of that my county and. by then i got a session on the nod that. by then is
9:00 am
a shift of on. not a felony to the first going on want. sarsi certainly not so with. daniel and also it was revealed to get the pope multiple injuries a mark on connector so don't look yourself you will see the look of the show zero or your mercy on the phone to the book on the if you want of a compatible sensible solution so you're welcome to it it's a book in a moral sense of what my. own i'm a bit of nothing to laugh aloud live on a cause you know how i need something that will save you are all i thought i'd done long enough i'm still not settled. in the us and into huddles look modest that's what i can now maybe i'm reading on that beach florida.


info Stream Only

Uploaded by TV Archive on