tv Boom Bust RT February 19, 2019 5:30am-6:00am EST
i'm stuck with that is it. not in. their eligibility also up. in the him about the question about how they. look. for the little guy we. don't want to know about the money i don't know i don't want to go about. something that really is. a mystery just. thrown in the. lot of a shuffle stemming we have. on the north of there and give it a little warmth and you know what. this idol of the.
show it's seemed wrong. just don't hold. me. yet to shape out these days because that's a kid and in detroit equals betrayal. when so many find themselves worlds apart and we choose to look for common ground. later on. this is boom bust broadcasting around the world and covering the world of business and finance and the impact on all of us i'm bart chilton and we're so pleased that you're on board i can't wait to get to the show today coming up while the u.s.
cracks the whip on wall way our allies across the atlantic seem to be more sympathetic to the telecoms giant peter all of britain all over brings us the breakdown for burma's berlin on europe's quest for five g. access with brics it looming and a hectic horizon ahead u.k. retailers are seeing a surge in sales hillary for which c.e.o.'s drop mark joins us to delve into the details and less time on the broadcast we uncovered that cosco has access to sale of the herbicide it round up today we look further into the issue of life and say and what it means for the food we eat the bread verges we drink bread kaufman author of bet the farm joins us to consider something you may have had for breakfast and more all of that directly ahead but first let's get some headlines let's go. states calls on european allies to abandon a major energy pipeline from russia and to join the u.s. in reengaging on an international nuclear agreement with iran over the weekend the
us president vice president mike pence attended the annual munich security conference where he gave a speech opposing the north stream to expansion of an energy pipeline from russia to germany telling the conference quote we cannot ensure the defense of the west if our allies grow dependent on the east mr pence delivered his speech immediately after german chancellor angela merkel spoke and defense of the project escalating the clear tensions between the u.s. and europe in the trump era the theme of a car for. as for the year was quote picking up the pieces but it seems that mr pence's contribution was to break more diplomatic dishes. and while in munich vice president president also kept to the u.s. message on their risk of using components from walk away and other state linked chinese tech firms two major u.s. allies the united kingdom and new zealand who also are part of the famed five eyes intelligence sharing back seem to be taking independent tack on assessing the risk
a report from the u.k.'s official national cybersecurity center says the security risks from while way components are manageable according the financial times of london the decision seems to put the u.k. on the other side of the issue from the u.s. which has pressed allies for a full ban on wall way technology and state of the art five g. internet infrastructure meanwhile prime minister has just send to our durned of new zealand announced on monday that her government will conduct an independent assessment of possible tech security risks related to while away. and as the u.s. continues to crack the whip on while away other parts of the globe don't seem as hostile to the telecom giant for a more thorough breakdown on the debate we hand things off to our teams peter oliver in berlin. the g.s.a. maybe association which represents seven hundred fifty telecoms carriers globally is saying that europe needs to safeguard its network security and competition well this is all related in relation to the united states well pushing for
a ban on who are way products the chinese telecom giant the letter from the g s m a doesn't mention who are way by name but it's really looks at what effect a potential ban on those chinese products could have on the network in europe now who our way is the world number one telecoms equipment supplier at the moment competition between supply is essential this is according to the g s m a it's essential for the development of europe's five g. network now five g. said to be a hundred times faster than a four g. network it's said to be incredibly important for the development of artificial intelligence also for the internet of things that we're starting to see more and more in our homes now a fighting allegations of stealing trade secrets also that they breached united states sanctions on iran all the while while rebuffing allegations that they their
products could be used for espionage or europe is reviewing a ban at the moment but even in the united states which as you said is the chief cheerleader when it comes for a ban on who our products their products are incredibly popular and widely used in rural areas now in europe the two main voices calling for who are way beyond poland and the czech republic now the polish interior minister he wants to see a joint e.u. nato stance against to our way that's after one of their employees was arrested in poland for espionage the czech stance is a little bit more. it's their cyber security agency they have very much against however the president of the czech republic me loaches him and he's very much in favor of our products now here in germany where i'm speaking to you from the still
undecided but it's widely understood that the government here in lynn is against an outright ban at the moment. and there is another torrent of tech in cyber security news we told you about new zealand earlier well jumping over the sea to australia prime minister scott morrison says the major australian political parties have ben target of cyber attack and the evidence suggests a sophisticated state actor is the culprit australia is scheduled to go to the polls for a federal election in may but mr morrison said there's no evidence of an attempt to produce any specific outcome sources told the sydney morning herald the attack was very specific aid which seems a narrow the list of possible suspects to the world's best cyber spies who are believed to operate on behalf of china israel russia and the united states. and finally there has been an electronic intrigue afloat afoot in the united kingdom where legislators say regulators must step in because facebook is incapable of
regulating itself that finding has been published in a report of digital cultural media and sport select committee of parliament after eighteen months of official investigation the latest u.k. committee report toughens the findings and recommendations from a preliminary version from last summer calling for a compulsory code of conduct and ethics from tech and social media companies to be enforced by a dedicated independent official the chair of the parliamentary investigation said quote we cannot delay any longer. and speaking of the u.k. which of brecht's that countdown clock ticking away toward the march tenth twenty ninth deadline for the leave date that is many people are wondering why. this means for businesses especially in the retail sector joining us now to discuss is joint u.s. u.k. citizen the c.e.o. of straw mark hillary for what hillary welcome back to be about thank you so let's start with the overall health of the u.k. retail sector we've talked about. retail we've talked about u.s.
retail but now we specifically want to focus on you to retail the office of the national just six so i one percent increase in january of twenty ninety considering the bricks do you see this is positive news hilary yes i actually do bob at least is not what all the fear tactics predicted it to be and none of the dial predictions that had been offered about a year ago two years ago i think was important to look to in terms of the long term predictions too in addition to retail sales being up about four percent we could also look at unemployment which is the lowest it's been four percent is the lowest it's been since one nine hundred seventy five in the u.k. and also k p m g has come out with its newest global technology study saying that the u.k. is amongst the top three in terms of innovation breakthroughs and disruptive technologies and that is only behind the u.s. and china and that london very much is insulated from any impact of brecht's it in terms of technology because about
a third of those companies the tech sector in the u.k. some of them outside of london and outside of the u.k. and last but not least yes retail sales are up and there are over all about four percent. well it's very interesting what you're saying about where you know the headquarters are for the cyber hubs let's talk about a couple specific retailers and one of things i love about this job is learning about some of these and i don't know much about dunn elms you cayle you because big furnishing retailer how are they doing they're doing very well out of their profits up twenty four percent to a net pretax profit of about seventeen million pounds interesting to hear the predictions as to why just like there are downsides of lots of positive news a little bit of a downside with the unemployment being up and the lowest it's been since nine hundred seventy five of course is that you know the u.k. is becoming near full employment but if you look at also what the impact is on dom elma lot of people are staying in their existing homes and or they're not
predicting or thinking that they're going to travel maybe as much and there's a lot of home renovation going on a lot of home improvements are people buying their their curtains and their you carpeting as they're deciding the upgrade their existing homes hence don elam has just. let me ask you about about housing in general is it in britain how is it doing is doing very well actually into well at least compared to the predictions and right moves just said that the u.k. housing project sales are up by two percent better than they were expected to be and also push those come out with a commercial real estate report similarly. ok but that's you know interestingly now amazon and we're going to tell busters about amazon in a little bit something that may shock people about their taxes but this is amazon doing it as well in the u.k. as they are all over the world hilary on the do on the u.k. but i will note what they've done is they've just recently issued
a memo to all of the u.k. companies all seeing them and telling them that because of the disruption with regard to trade that all of the european warehouses must receive any products that are going to be distributed throughout europe those must be received by the european warehouses by march seventeenth then memo actually anticipates a no deal brock's it because you're always asking me is there going to be a deal is there not amazon doesn't think so hence the preparation plans they've made i think what's interesting and the only sort of bit of negative news is that most people think about fifty percent of all food products are imported into the u.k. but in terms of food shortages actually about eighty percent when you think of the ingredients that are actually the contents of a lot of things that are manufactured for example everybody was things of the the british in their tea well while a lot of the tea actual manufacture of teabags etc in the u.k. of course one hundred percent of tea is grown elsewhere carrot sort of thing actually carries the growth in spain and carrots will be affected so you know the
british maybe without their tea and their carrots. now i lost you for a minute on my my ear hilary but were you talking about sainsbury's no i was actually doing you also but i was also i was talking about what they were doing with the warehousing in europe and then all right ok well related to that when you when i lost you then i got your back with tea and it made me think about the fears of food shortages you know if bracks it goes off poorly you know we could see this be good in a notably impact maybe the same spirit started on the shorter learn long term what do you think yes i just mentioned that the food shortages are eighty percent of all food. products at least contents are imported laws of course then finalize the manufacture within the the u.k. what's interesting is that the supposedly freezer supplies are totally and utterly full throughout the u.k. h.s.b.c. has come out and said that they believe the food food choices are going to be worse than had been predicted so a lot of just the products that are grown in europe now of course this won't be as
bad in the some of because there's a lot of domestic growth particular food fruits and vegetables it will only be just a very short period between now maybe april but it will be maybe more dire in just real quickly hillary what's the what do we expect coming up as this march twenty ninth deadline approaches march twenty ninth most people are predicting right now like amazon and their memo going out that there will be no deal it seems to be that nobody can agree which a no deal is not as dire as has been predicted i think there will be obviously h.s.b.c. has put it to killie analysts to be more busy than anybody but their retail analysts have said that obviously there are going to be lori delays trade delays all trucks for american audience they'll be trucking lawry delays on coming in from europe and vice versa so the food shortage is mainly really only of the fresh items that are imported from from europe. mark carney or the bank of england sure thinks that it's going to be big trouble of the capital t.
but we'll have you back to talk about it again we sure appreciate your insight into retail housing etc there are four richly you see those drama. and time now for a quick break but hang here because when we return we follow up on our last program where we uncovered that cosco has accepted sale of round up today we look into what else go i post say that ingredient in roundup might turn up in our foods and beverages fred kaufman author of bet the farm joins us and stay tuned we'll be back in a flash. so what we've got to do is identify the threats that we have it's crazy going foundation let it be an arms race is on a fence clearing dramatic development the only really i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and
talk. what do you do before you came here where did you work before you came here when you live well death row in many us states capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time the victims' families they are very much in favor of the death penalty there are some people because of what they do have given up the right to live among us somebody even proven innocent of two years on death row and how many more exonerations is it going to take before we as a society realize that this is not working and we actually do something about. what politicians do. put themselves on the line and they get accepted or rejected. so when you want to be president and you. want to. have to go right to be
pro-choice this is what before three of them or can't be good. i'm interested. as in the. west. and welcome back the crown prince of saudi arabia bahama bin solomon n.b.s. is getting a rock star reception in pakistan as he arrives in the desperately poor south asian nation bearing billions in gifts observers say the reception for m.b.a.'s was only imagine recent memory by the pomp around the visit of president xi jinping of china in two thousand and fifteen the crown prince arrived on sunday and met with president imran khan before the pair attended a state dinner the two leaders signed a raft of memorandum of understanding that included a reported twenty billion dollars worth of deals it was also announced the crown
prince has ordered twenty one hundred pakistani prisoners in saudi arabia to be released it's likely that most if not all of those prisoners are migrant workers. and turning to the ongoing battle for control of venezuela's oil the united states has imposed additional sanctions this time targeting five top military and intelligence officials an official state oil company paid a vase also was added to the u.s. blacklist announced by u.s. trekker secretary of treasury steve aminu sion in washington meanwhile the mask is slipping on u.s. regime change efforts on saturday a report on national public radio clearly stated the obvious quote the u.s. effort to distribute tons of food and medicine is going to needy venezuelans is more than just a humanitarian mission the operation is also designed to for meant regime change and as we discussed here the international red cross has pointedly declined to participate in supposedly u.s. aid convoys from neighboring colombia to avoid integument and dicey geopolitics.
and i mentioned this to you earlier when we were speaking with hillary about. amazon following amazon c.e.o. jeff bezos has big block in new york city the bad press continues to plague the world's richest man according to a recent report from the institute on taxation and economic policy or i t e p amazon paid get this zero dollars and zero cents in federal income taxes last year what a deal this now makes it two years in a row that the e-commerce giant is avoided paying taxes in its own country this is despite the fact that the company raked in more than eleven billion dollars in profit last year that's twice their profits and twenty seventeen the study also notes an amazon income tax rebate of nearly one hundred thirty million dollars i t p has estimated that this comes to a tax rate of negative one percent the report cites
a massive two thousand and seventeen corporate tax cut and its failure to close the loopholes that allow amazon to get away with this behavior in the first place negative one percent tax rate as the beach boys sing wouldn't it be nice. as we told you last time about the warehouse club cosco how they will no longer sell monsanto's roundup because it contains glucose say which causes cancer well now there is concern that orange juice and other foods and beverages may contain the cancer causing drug joining us from our new york studios with more spread kaufman author of bet the farm how food stop being food hey fred welcome a part how are you. well i'm good except we're talking about this really serious issue i mean it's just crazy that it continues to go on tell us what's going on with this story i mean orange juice my gosh i had some this morning. listen barr the issue here is irony and hype and hysteria because in fact when these new
statistics on orange juice just came out a few days ago guess who are celebrating bart tropicana and minute maid because it will we actually get down to this study which we'll get to in a sack and what they saw was anywhere from three to twenty seven parts per billion in the orange juice the e.p.a. has set the limit at five hundred parts per billion for being completely healthy so even if they were to go hundreds of times more than they already are they would still be well within healthy range i think it's something like you'd have to drink about two hundred fifty thousand glasses of orange juice a day at that rate to even begin to see any kind of effect whatsoever the study comes from a group called moms across america this group is not known for its finance part let's also but even if we were to take all of this together if we were to accept that the other problem with this whole issue of hysteria is glyphosate is considered safe by the e.p.a. it's considered safe by the european union and yet it still continues continues to
get headlines again and again and again the most recent example was a mega analysis that came out just a couple of weeks ago and it looked at all the studies being done so far each one a worst case scenario study and again even if we take it at face value what did they find they were looking at fifty thousand people who come in to gailey contact with this pesticide daily contact and what they found is maybe in a worst case scenario for more people out of those fifty thousand high contact users might conceivably be more at risk why is this part it's because there are such huge pots of money on each side bear agro science on one side and the idea of possibly whole new field of agriculture opening up on the other side it's a money issue and we have to treat it with great skepticism. well this is so
interesting and i'm loving your your take because you know you're build big critic of foods and companies when they are doing no good clearly that california jury found that it was bad to the tune of something like two hundred sixty nine million dollars for that worker who worked with roundup but you're saying that look this is such an infinitesimal level that maybe consumers shouldn't be concerned unless you're just somebody who uses it directly and am i reading you right fred. absolutely and that has not stopped bear from making a round up with without the fifth state now that's for vailable for anybody but the get back to the case the original the original judgment was in the upwards of two hundred million dollars it has since been brought down to seventy eight million dollars and of course bear agro science is appealing it this is a wildly off the charts case of a guy who is using vats and vats of this liquid the wrong way not following directions now it is also the case that bear agro science that bought monsanto last
june for about sixty six billion dollars it is true that they are looking at about nine thousand two hundred pending cases so we have to watch this very closely but this has nothing to do or it's like apples and oranges in terms of what's actually making it into the food supply and why we should really treat these things with with skepticism we have to understand that on the one side there's another you have you know you have. agro science on the other side you have an increasingly hugely powerful organics industry that's dying for glyphosate to be outlawed it's so there is there are money to interest on both sides of this part. it's always about following the money while you've made me feel better about the orange juice i drank this morning and let me ask you one more question before we go fred there's a whole debate about how fresh is fresh and i was looking at reading something over the weekend it really concerned me that some fresh food can be as much as thirty
days old is this something you've covered either in your book or early looked at about what really is fresh for a. fresh can mean anything by it my favorite example are of course bananas and bananas that are coming that generally from far away and all of the technology that has gone into keeping them on ripe ripening them with certain gases at certain temperatures at certain times so they all come to market when they're perfectly yellow there is a technology to fresh part and it's no you know the food as we know is now mediated by so many things other than the farmer and so we always have to keep that in mind into let's let's not be in a sense. i was noticing something that if you have fruit foods that need to be ripened fruit or vegetable you put a banana in a plastic bag with a net that helps so and we keep wondering what's going to happen in the future and we'll keep turning to you to figure out how this all goes fred kaufman author of
bet the farm how food stuff being food fred thank you so much it was great to see you again always a pleasure bart. fred kaufman. and that's it for this time we sure appreciate you being with us you can always catch boom bust on direct t.v. channel three twenty one dish network channel two waiting or streaming twenty four seventh's on that infamous pluto t.v. the free t.v. application and you get us there on channel one thirty two or as always you could hit us up at youtube dot com slash boom bust r.t. so long for now c n x time. in a world a big part of the new law and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we
need to be smarter we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. in the us need to explain why is the case of the slum due course new the focus on the so do so these days to go on what. you see in the film which that does conclude the book nobody. really believes that. young. boy. you know you
don't then. you don't want to. the country has gone into a nihilistic fever that's why i think. the road and get out the traveling across america to find what makes america take the charlatans the genius to defeat the quintessential american hero this is it we've come a point around which hollywood has gotten something we always are on the margins something. called the culture listening party. where starting last with is going to headed east into the swamp we're going into the belly of the bee i think i want to leave now doesn't get any more gondo than the we may be completely different but the end of this. few and twenty four to you know bloody revolution to to correct the demonstrations
going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know or hiccup what if i mean your list put the video through in the new bill is that on the school in the middle of the fall the ukrainian president recalls the events of twenty forty and. those who took. it invested over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. one . can. cut it up even though it will not.
russia's foreign minister. harsh words for facebook claiming the social network is attempting to. respond to the company's decision to suspend the. head of the international federation of journalists. censorship. coming up on the program fuelling discord the german chancellor. suggesting the kremlin is behind the way.