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tv   Boom Bust  RT  June 30, 2018 1:30pm-2:01pm EDT

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once there i think it's a draw and i think yeah and that is. quite high hope i hope we can we can put them in difficulty and win the match take the tough game but i expect france we were close. to one two one two one one zero one zero. so who is going to score. this one and one. show me show me show me this guy right. r.t. reporting from. we spoke to k football figures from both countries about their bets for the game. people. still have a long way to go but reaching the last sixteen facing such a strong side as france is an achievement in itself the team will work hard to prepare for the argentina have plenty of experienced players and it's possible that the best is still to come from them at this tournament a good deal for the french team took the group so we're quite happy the games were
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difficult everyone is competing as equals there are no weak teams here football is a unique global phenomenon let's favor teams played unexpectedly well there look at what south korea and iran did among others cup is not now not just a sporting event it's become a real festival with a multitude of cultures giving it that all on the streets of russia. next up we're going to send a signal that you know if you. really
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want to. go you know it was a little. bit. earlier my colleague jacqueline figo spoke with matthew barrett who is a co-founder of a photography project and goal clinic which documents football culture around the world including in russia where he began by giving more details about gold plates work. for russia we decided to do a bigger project looking at the real russia so we found a photographers from all over the country from. to you catherine involved a grad tickets and we asked them to document the country through their own eyes head of the world cup where this particular collaboration what russian football story impressed you the most i think it would be the euro mountains it was
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a very unusual set of photos which really reveals grassroots football and russian culture through through the game and the photos that we received from the euro mountains were fantastic really looking at how soviet infrastructure and soviet football infrastructure has developed into the twenty first century. a lot of the focus quite rightly in the lead up to the tournament is on the stadiums the infrastructure and the teams and the world cup itself what we want what we really want to do. was tell those on told stories and really give russians a chance to give their own first person perspective there is there's one thing i would say particularly about what the russia projects has surprised me with and that is how similar russia is really to a lot of other countries i think there's
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a perception maybe that russia is very different in some way to the rest of the world and particularly to europe i think one of things that came through particularly was the divide between urban and rural town countryside a lot of the same stories that we hear from around the world. in europe in asia there is that difference between you know investment into football in in urban areas first is kind of the rest of the country we've also covered projects in iraqi kurd kurdistan and you and tackling alleged legacy of genocide. and so. what i think that all of these projects show in whatever country are in is that you really can understand people through football. i wouldn't say that there's a common cliche that football somehow unites everybody i mean i'm not saying that
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for me actually shows the differences but it also. is a way of people understanding one another culture looks like how another people act because when you tell it through the lens of football it's so much more relatable this evening portugal classic clash with the euro why ends. of fans have already been to a number of russian cities during the world cup and one of which seems to have made an especially good impression. i. i i. i i don't. think i did so well i thought on the question of. what you. thought of them.
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while what i was. thinking of. then i know my little you know that. we want you to win the majority of life but if. you're. not. that far. yet you want to find out why the media i'm a. little
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. my. remark and i get a little bit of movie critic they don't believe you're losing you know in the mail with this illness i tell you i'm interested in oh we'll. you. meanwhile fans of christiane i will now do wait for hours outside the hotel he'd be staying in sochi just to catch the briefest of princes of the morning still. all visitors a football matches have to use their final i.d. to access the stadiums however the pass provides much more opportunities than you might expect as fans in sochi told us. it's very easy to into russia
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with a fan id it gives you access to the country the trains the metro and gives you discounts in many shops this is perfect for the tourist that's right very good idea to everybody do we find before the game that's right we're going to. have everything was perfect i didn't have a new problems i've been to various places moscow st peter's bookstore tree i went to different matches. so it's come after the break donald trump refuses to rule out recognizing crimea as a part of russia and that in just a moment stay with us. i've been saying the numbers mean something they matter the u.s. has over one trillion dollars in debt more than ten dollars more in tempe each day . eighty five percent of global will you long to be ultra rich eight point six percent market saw thirty percent is one of your thumb with four hundred to five
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hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building two point one billion dollars a i industrial park but don't let the numbers overwhelm. the only number you need to remember is one one just which shows you can't afford to miss the one and only. remember three brags that it was all about the british my to bring back five hundred factories are going to export our way back into a g.d.p. rocketship and take on the world cool britannia go well it turns out they're all going to be picking fruit out there in canada very shy or.
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welcome back u.s. president donald trump says he does not rule out recognizing crimea as russian the province rejoin russia in two thousand and fourteen but is still considered by western countries to be a positive ukraine r.t.s. american has more on the developments. on board air force one on friday trump spoke to reporters about his upcoming meeting with putin when a reporter asked him if he recognized crimea as part of russia he said quote we're going to have to see but then he blamed obama for the entire crimea debacle saying that it was a shame that obama gave up crimea now to remind the viewers of what happened in crimea back in twenty fourteen a referendum was held with international observers present and ninety seven percent of the population voted to secede from ukraine and join russia the west refuse to recognize this plebiscite and then impose sanctions on russia and then separate ones on crimea but just this week we also heard from another u.s.
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official john bolton who said that trump wouldn't recognize crimea as part of russia so conflicting views coming from the trump administration which seems like basic protocol at this point but these statements come a few weeks before trump's summit with putin that's scheduled for july sixteenth in helsinki finland but this isn't the first time that trump has discussed relations with russia during the g. seven summit trump said that russia should be reinstated let's check out what he said i would rather see russia in the g. eight as opposed to the i would say that the g eight is a more meaningful group than the g seven absolutely trump also said that he'd be discussing a range of other issues with president putin including alleged election interference syria ukraine relations with china and russia to possibly deescalate the conflicts going on in the world but until july sixteenth we will know exactly what happened
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so we'll just have to wait until then it's not just crimea causing friction between russia and the west for example functions in the script pounds poisoning have also soured ties russia's foreign minister touched on these issues in an interview with britain's channel four news. kerry. hasn't give any assurances that the upcoming midterm election if he wants time will not be middle with my version of the press or something because we kill intelligent if you scale something which is based on highly unlikely will it might be. the best a geisha in the united states has been going for a problem to europe because no. diary to the internet research basically rescued from factory that is going to be indicted is something which requires a thorough and then just. submitted their old case and the chips which quite
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a number of things which were used for the day so let's not jump the gun. it was loose carol but i don't think that the logic of the who said sentence forced verdict later i don't think this logic is going to prevail this whole russia election meddling hysteria according to sergei lavrov is a prime example of a new and trendy mentality kind of act to stand figure out later with the investigation into the russian interference in the us presidential elections still ongoing and in his opinion in opinion this approach prevails on the global geo political scene right now and they've even led to this quite peculiar exchange between him and the journalist. there are many in the west who say that the chaos whether it spreads it whether it's whether it's from the white house or good
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at all in the world if not all of it before leaving the cycle here it's a difficult for skeptical actions in sweden that the brotherhood is also into that later but the chaos we're going to want to. see me this does the chaos benefit russia as some in the west said but. you have to be within the. historical for it. for the logical for it. because it was business it's russian government it's before the presidential elections and the months before the world cup what the what do you see from alleged chemical attacks in syria two big u.s. elections i mean geographically wise sic users have found russia's fingerprints well pretty much all over the world standing out of those cases they always the case of this crippled poisoning back in march if you don't remember. a former double agent for the u.k. and his daughter were found poisoned apparently by
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a very powerful nerve agent in the u.k. city of the sales berry and the u.k. is adamant russia did it. the british state of the coverup of this whole incident i don't exclude this one as long as they don't give us information you know that about russian citizens citizens who have died in london during the posters all altered cases have been investigated in the secret for we don't understand why. the united kingdom but the political from what is going on it's an interesting situation whereby the country which is leaving the european union has determined the european union pulled a sort of rush when they were ready for all you know look at all some of the europeans you know say you must expose the russians diplomats you must expel them so they did most of them some do now again official london has been maintaining that it was only moscow we had both motive and means to carry out
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a poisoning like this one when it comes to a more generic story line of the interview sergey lavrov also has stressed that in his opinion we are already living in what he calls a post to west to work and as for russia's role in this post west world he says that more school plans to play a role on equal parts an equal role with other players in this whole thing so when it comes to some predictions for the future for some forecasting there you have it . thanks for choosing r.t. for your saturday headlines we'll be back in about thirty minutes with the latest to see you that.
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was it. good to. have her room or her. join me every thursday on the alec simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. generally speaking mr trump's unilateralists and notably the unilateralism which we saw with regards to iran which we also saw with regards to the paris agreement regarding climate change which we saw with regards to the american embassy in jerusalem all these unilateral decisions i challenge from my point of view the quality of our transatlantic relations.
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this is both of us broadcasting around the world from washington d.c. i'm part thank you for joining us coming up we speak with conservative t.v. and radio commentator steve walford about the accounting scandals at the big four accounting firms plus earlier i spoke with parties holland to the big picture about the big business of speakers yes you heard right speakers and r.t. correspondent trinity charges takes a look at just how much the bastard industry generates each year first however let's get to a few tips if you've been thinking that the pace and size of mega-mergers has that increasing it's been confirmed with some hard and hide numbers figures from thomson
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reuters show that global mergers and acquisitions are up sixty five percent in the first six months of this year compared to this point last year to a total of two point five trillion dollars this is a new record going back to one such things were originally calculated back in one thousand nine hundred eighty in europe the year over year increase and that metric was ninety six percent up to a total of seven hundred sixty seven billion dollars in value this happened despite a fall in the total number of mergers by sector media mergers of course were a notable stand up the total in that category was three hundred twenty two billion dollars. for the first half of the year six times the figure for the mid twenty seventeen the top track tax cuts has been a big factor in fueling the buying spree and companies seek strategic and profitable uses for the large windfall the trend has been strong despite global trade tensions and a drastic exhalation of the trade war uncertainties may still slow it down going
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forward. european union officials continue to prepare for the prospect that they will be an able to reach a deal with the u.k. over the terms of its departure from the e.u. the dreaded hard breakfast scenario the plans informally dubbed the parachute according to the financial times would paper over gaps in law or regulation and process to ensure that some minimal level of movement of products and capital can continue perhaps temporarily if the e.u. and u.k. are unable to agree on a new framework to guide their economic and regulatory relationship the worst case scenario looks increasingly likely times march is built increasingly likely as time marches on and the government of prime minister theresa may makes little headway ms may has been hobbled by infighting with her own conservative party between bracks and remain factions she has been notably reluctant to engage fully in the negotiations at least publicly for fear of offending one or perhaps both sides
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losing her narrow governing majority and going into a general election that opposition labor looks well positioned to win the stalled process is high on the agenda at the e.u. summit that started just today and is may is likely to be in the hot seat among her peers. and kroger is the latest big name to make a move into delivery in this case driverless delivery the large us grocery chain will partner with neuro a company founded by former members of google's driverless car development unit to deliver groceries via vehicles resembling a very small vendor perhaps even a very large to. poster in the near future kroger chief digital officer hailed the partnership pledging that the grocer and their new partner from silicon valley will provide quote access to fast and convenient delivery at a fair price near only service business reporting in last january that means that they've only been around for a couple of years and they had raised ninety two million dollars in capital now the
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company in their technology will have a high profile rollout will surely be watch for any startup glitches and setbacks notably neuro chose to develop a driverless vehicle of their own design rather than trying to make a normal full size passenger vehicle based upon somebody else's car the design choice significantly lower cost and risk of operating the vehicles and may give kroger a leg up in the race to capture this new market. britain's financial reporting council or f.r.c. has started a new investigation into what a u.k. story big four accounting firms this time it's the lawyer in the target we've talked about case p.m.g. before the f.r.c. investigators are interested into loyce work for sig sig which sells construction materials said in february that they had discovered internal misrepresentations in official accounts the revelations led six shareholders to vote down what is usually a routine vote to retain deloitte as officially designated auditor three months
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after the revelations the white pledged full cooperation with the f.r.c. investigators and it cooperated statement and the continuing scandal among large and previously well regarded accounting firms has already resulted in f.r.c. actions against pick a p.m.g. and pricewaterhouse coopers but some critics of the us does civil top watchdog had said the f.r.c.s. actions have not been commensurate to the scale of the problem and interestingly in april the government appointed sir john king meant to conduct a detailed examination of the f.r.c.s. record and decide whether the regulator the regulator itself is affected by conflicts of industries what a mess here or discuss a problem including scandals of the accounting world is conservative t.v. and radio commentators the mall's rick steves thank you so much for being with us what do you make of this bill lloyd story it's a little bit nutty to me. well it is but i mean it's an overall problem as you said you've discussed a m p g's problems over all you know it's been found that the four big counting for
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arms have the terror rated in the quality of their of their audits and this speaks to business confidence and people being able to rely on the system and just assume that things are on the up and up if a company is audited that's supposed to be separate and apart one of the suggestions have been that these companies branch off their auditing departments from administrative and consulting department says to avoid conflict of interest real or perceived but this speaks to two to confidence right up and down the scale and it's something that needs to be addressed now if you're if you're talking about that the f.r.g. the f.r.c. rather is is is maybe has a conflict of interest and what do you do i mean where do you go from there it's way it's one thing when it's a regulator is going after company i've been on that end of the deal but if the regulator itself is having a problem and there are examples of that we're going to be talking about one of
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those in the coming days actually in the states but i don't little bit about this i didn't do the legislation steve but i was working on capitol hill when the sarbanes oxley law passed in congress in the states and and that was a sensually a bill to do what you were talking about it became law and the deal was it wanted to separate these conflicts by putting you know fire walls between the consulting and really the d.c. firms as opposed to just the pure accounting people mostly most of those folks in new york in these accounting firms and there was people were complaining all over the board about it says too much regulation is too too hard but i mean now we look at what's going on i wonder maybe the u.k. and others need it. yeah well they might they when they found that overall the four biggies there. improper audit the ones that needed to be revisited and worked on the percentage went from nineteen percent in the latest study it went up to twenty
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seven percent and as far as k. m.p. camp e.j. what you found was that almost half of the audits looked at by the f.r.c. they needed correction and needed revisiting that's a huge percentage obviously and a story that's out today regarding camp e.g. australia back in zero sixteen the australian census got messed up and the bureau of statistics was involved so camp e.g. audit the bureau of statistics in a whistleblower now says that that was not on the up enough that they were just caving in to everything that the bureau statistics wanted and said and this guy claims that eventually he got fired for not letting the issue go so that's that's a horrific example and there's more as you mentioned with s i g and deloitte and that is of course s i g misrepresenting some say their profits there there are things and the law is right caught up in the middle of all that and in general in
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general again the four big auditing companies have come under great scrutiny and this speaks to just the confidence that everybody from the average guy on the street to the biggest biggest investors in the world need to have in the system and if the system is broken it's got to be fixed. and not i mean i know we're going to sound to people like we're just piling on but p.m.g. was also we've reported you know kicked out of south africa for problems there and of course we we referred to the problems in the u.k. with regard to karelian we've covered that story but i'll tell you one thing i never really said this publicly but you know i worked in a large law firm and i think. a lot of similarities between the large accounting firms and law firms and the bottom line is you know the people there that they want to get contracts they want to have a relationship with the other big i mean it's a big cabal i mean they're all together they don't want to upset each other because
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they want to do work with them and even if steve they don't get work this year maybe they'll get work next year and so you know it seems to me that things need to be changed but i know you're not all the way there but can i keep you at least considering it. yeah i mean separation you know is a big word now with immigration here in this country and maybe separation is the word for these accounting firms maybe that will help solve the problem of open i like it when you come to my side once in a while i think if i was a very conservative t.v. and radio commentator banksy you have a great weekend my pleasure bar. and gold futures have had a several down days that this week and have dropped about ninety dollars in the last several months trading for most of the day today was it around twelve fifty area that's one thousand two hundred fifty dollars it has some analysts scratching their heads in light of two recent events one news from the commerce department this week that reduced the first quarter gross domestic product figure from two
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point three to two percent and second the hawkish comments from u.s. federal reserve chair jay powell who last week said that the jobs picture wasn't particularly rosy and neither of those rallied the precious metals which was odd the gold close yesterday at twelve fifty one was the lowest since december thirteenth of last year and it's time now for a quick break but hang here because when we return we have a look see at the revenues of the fashion industry with our chief correspondent tricky job plus i have a few thoughts about a mistake earlier today by a top trumpets in a stray shot of vishal it involves numbers and those numbers to mean something as we go to break here are numbers at the closing bell oil up more than one percent and pushing towards seventy five dollars at the closing bell we'll be right back.
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financials along today with the money morning first to this is this is a see this is. this is a good start well we have our three banks all set up something in your something in them. something over the cayman island to do all these banks are complicit in or. to do some serious money laundering ok let's see how we did while we. watch for max and for stacey old beautiful jewelry. from that you know what money laundering highly. watch guys are of course. current american administration is raising tariffs and trade agreements with america snoozers can the rest of the world.

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